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iPhone App Store Growth is Astronomical.

Apple's home page now claims that the App Store has officially surpassed 15,000 apps available and over 500 million downloads in the six months since the store went online. This is the second landmark for the store. The first was when it hit 10,000 apps and 300 million downloads back in December 2008.

from iPhone Alley

These numbers and growth rate are extraordinary. Many opportunities with high returns (and risk) in this business.

The $300 million button

Still trying to figure out optimum web design?
how one simple button increased sales by 300 million for one website.


Thoughts from a startup legend

Check out Lund at Le Web:


This, just in...

Old-school economist John Maynard Keynes described the spontaneous optimism that drives startups:

"A large proportion of our positive activities depend on spontaneous optimism rather than mathematical expectations, whether moral or hedonistic or economic. Most, probably, of our decisions to do something positive, the full consequences of which will be drawn out over many days to come, can only be taken as the result of animal spirits—of a spontaneous urge to action rather than inaction, and not as the outcome of a weighted average of quantitative benefits multiplied by quantitative probabilities.

"Enterprise only pretends to itself to be mainly actuated by the statements in its own prospectus, however candid and sincere. Only a little more than an expedition to the South Pole, is it based on an exact calculation of benefits to come. Thus if the animal spirits are dimmed and the spontaneous optimism falters, leaving us to depend on nothing but a mathematical expectation, enterprise will fade and die—though fears of loss may have a basis no more reasonable than hopes of profit had before.

"It is safe to say that enterprise which depends on hopes stretching into the future benefits the community as a whole. But individual initiative will only be adequate when reasonable calculation is supplemented and supported by animal spirits, so that the thought of ultimate loss which often overtakes pioneers, as experience undoubtedly tells us and them, is put aside as a healthy man puts aside the expectation of death."

The General Theory of Employment, Interest, and Money