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The Importance of a Zero Marginal Cost Business Model
i feel like i've been rediscovering this past year, and we've been discovering on this show. Once you start to scratch the surface about this idea, you realize it's actually been around for a long time. This theme that low or zero marginal costs goods make for incredible businesses and business models is such un important. If you just look at the big five te companies by market cap, much of the same characteristics are present in all of them. I mean, on line advertising, the gogl model, the face book model, that's a zero marginal caust zero distribution cost business. And so it's no wonder they're trying to get into these a services businesses that,...