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UPDATE: More of My Business Lessons
interview, with transcript, by Infovores
I get to talk about some of my experience as an entrepreneur.
if you'd asked me in 1994 what the home buying experience was gonna look like in 1999, I would have said that we would have almost no transaction costs, consumers would have lots of knowledge about mortgages, there are not going to be real estate agents anymore. I'm not the only one who ever came up with that idea, but that was in my mind and so it took awhile for reality to set in with me.
…part of the first mover advantage that maybe you don't appreciate—you make your mistakes early, and then you just sit and watch other people make those same mistakes and throw even more money at it.