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The RealReal , a former unicorn, is a marketplace for used luxury goods that went public in 2019 and is currently valued at $650 million based on an $8 per share price—down from $1.3 billion a few months ago. Its historical share price and revenue growth suggest a fair market value of about $1.6 billion. Luxury goods sellers usually suffer dramatic revenue hits during downturns, and we believe TheRealReal will Read more
It's your birthday, and you've decided to buy something swanky for yourself. You visit an online shopping site like Amazon, scroll until you find the right pair of headphones, and proceed to checkout after paying with your credit card.
The process above is exactly what e-commerce is all about. Any action that involves buying or selling goods online is part of electronic commerce (read: e-commerce).
Ecomme Read more
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Interview with Peter Thiel by Wired UK at Oxford in 2014, posted on YouTube . Edited for clarity and length.
1/Do you think there is a correlation between Asperger’s and successful founders ?
In its mildest forms, yes. And I think it is an indictment of our society that the people who are most socially adept end up having so little conviction about their ideas.
Since they are so good at picking up o Read more
