When I flew home yesterday from Charleston, while most people were seeking relief from their sunburns and reminiscing about their vacations, I was delving into The Wall St. Journal’s profile on Tracy Britt Cool, an ex- Berkshire Hathaway star. Mrs. Cool’s new company Kanbrick invests in businesses with $10m - $50m in revenue. What does Mrs. Cool look for when investing in a company? People and moats.
At Bridge, we’re reading Jim Collins’ Beyond ...
Read More
Reports suggest that 50% of purchases start on Amazon.com, and Amazon wants to keep it this way. Yet, businesses and merchants increasingly want to sell their products via their own DTC (direct to consumer) site, retailers' websites, Facebook, Instagram, and more. Due to this, Shopify, which powers many DTC and retailer websites, is a growing thorn in Amazon's dominance of retail. Shopify reportedly helps power more than 30% of online U.S. retail sales.
The WSJ covers how Amazon is growing its business at the cost of others.
Article highlights:
Amazon's leading selling points are endless selection and the lowest prices.
Amazon is so competitive that it often undertakes potentially unethical routes to grab more market share.
Amazon often takes a 30% commission on orders for third-party sellers. Due to this fee, many businesses prefer to receive orders on their own website which may be powered by Shopify (...or