You’re transported back to 1994 with all your current knowledge and $50,000. Your goal is to create the world’s biggest online shopping company.
How do you go about it?
As a further thought experiment, if you travelled back to 1960 with all your current knowledge and the goal of becoming the richest person on earth, what businesses would you start?
What’s always amazed me is how Amazon did what Sears did… a century apart… while Sears stood by and watched its own downfall. Amazon eventually destroying Sears and pretty much all big box stores.
I’d use my $50K to convince Sears to partner with me in an Amazon-style distribution system. The railroad was the key to Sears first distribution revolution, the internet for the second.
I agree. My father managed a montomery ward catalog store. Which is amazon in the 70s. I think this is simpky cyclical. Next phase will be heavily in person commerce and everyone will wonder how they bought anything online. And then this questions will be: how would you capitalize on the farmstand movement of 2020? Or rather the farmstand-mart-azon movement.