Amazing to see Tim Sweeney and Epic Games have defeated Google over the Play Store monopoly.
Now they move on to Apple and the App Store.
It also seems significant that the California court has declared “monopoly”.
Really changes in the landscape are coming, with AI and now the demonetisation of hosting stores. Things are really going to get a lot more fluid again.
I’m sure nobody here remembers, but 6 months ago I said I was starting a home biz with my two kids (13, 14) to give them a taste of capitalism and entrepreneurialism.
We have a mini board meeting every Sunday night and the only rule is that our biz is a zero labour biz (we don’t want chores). We probably had 15 meetings so far and the boardroom dynamics are interesting considering everyone has an equal vote. 🤣
We started out with registering a limited company in UK (£12), opening a commercial bank account (£0), and depositing £1,000, bought web domain (£10), bunch of service fees (~£100).
My plan was:
Day 1… £1,000
Year 1 profit… £10,000
Year 2 profit… £50,000
Year 3 profit… £100,000
No dividend / salaries
Well today we shipped our first £10,000 of product and next week we ship another £10,000
But our margin is ~50% so things are looking really positive at the six month mark.
Kids are loving it.
Crucially it was important to start from essentially nothing. That’s the entire life lesson here… From nothing, at any time, just know you can do this.
Blah blah something something about giving a fish or a net, blah blah.