The Big Story
Coming to a pantry near you: Amazon’s private label groceries which will include coffee, tea, baby food, and laundry detergent. Paul Baumgart commented: “I’m glad Amazon is refactoring ‘brands.’ I never wanted to have an emotional relationship with my packaged goods.”
LendingClub disclosed a Department of Justice investigation that could have huge implications for the company’s business model. Stephane Dubois says “Nothing ruins your crowdlending day like a DOJ probe.”
2015 was a good year for mergers, and 2016 has a long way to go if it’s going to catch up. TechCrunch attributes the slowdown to a higher interest rates and a higher bar for acquisitions, among other factors. Daniel Newman thinks “perhaps these businesses should focus more on building Dragons.”
Just because one startup founder’s journey reflects that of a Greek hero doesn’t mean they all will. Dr. Sven Jungman says: “Let’s stop obsessing about the myth of #startup founders’ hero #narrative.”
Retiring baby boomers, difficulty hiring Millennials, and a skills gap in tech has CIOs turning to the gig economy. “40% of all workers in America are part of the gig economy,” says Stephanie Walkenshaw.
Panelists at the MIT Sloan CIO Conference said that the best CIOs remove friction. Jennifer Tejada comments: “C-levels can stay ahead of the digital transformation curve by removing friction between the customers and business.”