If you want to build a strong company culture, then you should care about your company close to as much as you care about your family. That was my goal at Bazaarvoice as our CEO (you can read my 7 lessons learned on the journey from founder to CEO), and I deeply thought about how our family showed that we care about each other. One thing we are particularly good at, especially my wife, Debra, is taking photos while we are on vacation. We want to document the very important time we spend together, and we know that our children will only be this age once. This, of course, is the natural thing for most families to do, especially with young kids (as their appearance changes so much from year to year).
On January 29, Marc Andreessen predicted the death of retail in favor of disruptive, pure-play etailers, such as Fab.com. A choice quote from the PandoDaily article:
“Retail chains are a fundamentally implausible economic structure if there’s a viable alternative,” he says. “You combine the fixed cost of real estate with inventory, and it puts every retailer in a highly leveraged position. Few can survive a decline of 20 to 30 percent in revenues. It just doesn’t make any sense for all this stuff to sit on shelves. There is fundamentally a better model.”
I've been studying retail ever since I can remember. My parents were retail entrepreneurs from the time I was born, as I wrote about in this Lucky7 post. I've been programming since I was seven-years old, as I wrote about in why I named this blog Lucky7 - in tribute to my mother. I leveraged these two experiences to start my own etailer in 1998 - programmed on an eCommerce platform that I created. And I've founded two large companies to help retailers - Bazaarvoice and Coremetrics. I've also served on the Board of Shop.org for three consecutive terms. So to say I've been thinking about this for awhile is an understatement.