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daily 06/07/2014

    • The International Olympic Committee is having a bad month. No one wants to host the 2022 Olympics.
    • Over the past several decades, the IOC has turned the Olympics into a cynical orgy of multi-billion-dollar development schemes and tightly-choreographed showmanship.
    • “People in Norway say we love the games but we hate the IOC.” And they’re not alone.
    • Only eight of the 29 venues Rio had to promise the IOC to cinch their bid are complete.
    • The Guardian‘s Simon Jenkins made a surprisingly compelling argument that Rio should call the IOC’s bluff and stage a vastly scaled-down “austerity games.”
    • They could slash arena and stadium capacity to what it can already offer, and tell thousands of gilded IOC officials, sponsors and VIPs there will be no luxury apartments, limousines and private traffic lanes, just camping on Copacabana beach.
    • It could trim all the unnecessary work of building apartments and private infrastructure for VIPs who apparently can’t lower themselves to the same level as the athletes and attendees.
    • “There’s a growing feeling that FIFA and the Olympic committee are taking the demanding parent act a bit too far,”
    • “This always happens in America. Kobe Bryant, for example—why does he get a two-year contract extension for $50 million? Because of what he is going to do in the next two years for the Lakers? Of course not. Of course not. He gets it because of what he has done before. It makes no sense. Why do you pay for what has already happened?”
    • You’re supposed to be such a great coach, why are they paying you? They’re apparently paying you for something you did not only yesterday, but somewhere else about 4,000 miles away. I repeat: Get the hell out. When did Klinsmann become an expert on American sports?”
    • “They’re apparently paying you for something you did not only yesterday, but somewhere else about 4,000 miles away”—is in fact the exact opposite of why they are paying Klinsmann.
    • In a tech startup world that follows valuations like baseball fans follow home-run stats, it thrusts Uber to the top of a leaderboard that includes Airbnb, Dropbox, SpaceX, Spotify, and Pinterest.
    • At its most basic level, Uber represents a challenge to the taxi industry, which brings in an estimated $11 billion a year in the U.S. alone.
    • Historically that industry has been fragmented, with a handful of relatively small companies dominating each local market.
    • It has also been heavily regulated in a way that has made the incumbents complacent and ripe for competition.
    • And unlike a lot of other fast-growing startups of Silicon Valley past, Uber actually makes money—you know, by selling something that consumers willingly pay for.
    • All of the above help to explain how Uber could someday justify a $17 billion valuation. But it leaves out the real upside—the third answer!—which is the possibility that taxis are just the beginning for Uber.
    • Kalanick is not judging Uber’s progress against the market size for taxis, but against the size of the whole ground transportation sector, which he pegs at $22 billion in San Francisco alone
      • How does he reach a $22MM market valuation here?
    • Next imagine a long-term future in which Uber is the exclusive provider for Google’s massive fleet of self-driving cars,
    • In her evidence to the tribunal last March Ms Berthold had claimed Google had a “unique” system of comparing performance of staff groups worldwide, in which each unit’s ratings were assessed by their likeness to a template “bell curve”.
    • f there’s one thing that has been true of stock markets from their inception, it is that satisfying investors’ expectations is by far the more reliable way for an executive to keep their job.

Posted from Diigo. The rest of my favorite links are here.

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