Over a year ago now someone on the UBC campus, who was thinking of developing an app, told me about this cool application for capturing cards into your contacts by photographing them on your smart phone. It was Cardmunch. It turned out that the application was only available on the iPhone at that time, but as luck would have it, the company had just been acquired by LinkedIn. Voila! It would obviously only be a few months at most before I could obtain it for my Samsung Android smart phone, right? Wrong. That was over a year ago.
Over the last year, a number of my UBC Faculty of Management students have asked me about so-called […]
I will sanitize this Silicon Valley story. A very large technical workstation company tried to bully a smaller workstation company I worked for. The big company was OEM’ing the small company’s superior technology. The big company stopped paying their bills, running up a huge delinquent payable amount, believing they could leverage the small company into additional concessions. We met with them secretly over Thanksgiving in our offices. In an arrogant gesture, the big company tried to offer 1/3 of their delinquent payables. We literally threw the very large handwritten check back at them and told them to leave. A week later the full delinquent amount was paid, and they complimented us, saying “nothing had impressed them more, than when we threw the check back at them. The supreme irony was that the two senior execs who had flown from Boston to Silicon Valley to meet with us over the holiday weekend, never bothered to look at our financials before trying their arrogant scheme. We had $65 Million in cash in the bank.”