Liu, who’d backed UCWeb, first heard Lei’s pitch over the phone, in a call that lasted from 9 at night to 9 in the morning. Liu recalls that Lei described a smartphone company that moved with the speed of an Internet startup, listening and responding to users, selling hardware at or near cost, and earning a profit on accessories and Internet services. Liu ended up supplying half of the initial $10 million in capital. The VC arm of Qualcomm kicked in a minority investment.Xiaomi's Phones Have Conquered China. Now It's Aiming for the Rest of the World
Friday, June 06, 2014
Wild Hardware Startup
Wednesday, June 04, 2014
Quality Video Will Keep Fetching Top Dollars
They like to watch: "TV Apps Are Soaring in Popularity, Report Says" http://t.co/zMmOM6sZWx #Media #TV #Mobile #Apps #Culture
— Michael Parekh (@MParekh) June 4, 2014
The Internet will not make the Television go away. They will merge. And quality content will keep making money. It can be argued, more money. It is harder to make a top quality 30 minute video clip than it is to take one great photo. There is still a barrier to entry, but the barrier is lower, and so more high quality content gets in.
Subscribe to:
Posts (Atom)