AI Snips
Chapters
Transcript
Episode notes
Minifridge Rental Business Anecdote
- Seth Godin and his business partner rented minifridges to students instead of buying them outright.
- Their first year's rental fee covered the fridge cost forever, funding maintenance and storage afterward.
Industrial Revolution and Firm Size
- The industrial revolution shifted production from individual cottages to centralized factories for efficiency.
- Coordination and information sharing in firms reduce slack and increase productivity, shaping firm size and function.
The Mesh and Internet Economy
- The internet, termed the mesh by Lisa Gansky, dramatically improves finding and coordinating freelance work.
- Better information flow enhances efficiency in shared resource economies, transforming firm dynamics.