Podcasts about european regulators

In this podcast, we spoke with Luca Alberici, Senior Vice President and General Manager, Milan Facility, AGC Biologics about the road to their recent EC and FDA approval to commercially manufacture Lenmeldy™ and their future plans in cell and gene therapy.  What is Lenmeldy? We began the podcast by talking about AGC Biologics' Milan site and their FDA approval to commercially manufacture Orchard Therapeutics' Lenmeldy. Luca explained that Lenmeldy is a gene modified cell therapy product for the treatment of Metachromatic leukodystrophy (MLD), an ultra-rare hereditary disease characterized by accumulation of fats that causes neurodegenerative symptoms. It is a pediatric disease, and patients generally die by the age of five.   With this therapy the patient's stem cells are collected and modified through the use of a lentiviral vector to add a gene called ARSA that encodes for the right form of the enzyme that these patients are encoding wrong. These modified stem cells are then administered back to the patient so they can immune reconstitute not only the immune system, but the cells will also cross correct through secretion of the right form of the enzyme. After just a single shot of the therapy, there is an improvement in their condition and they develop normally, especially if treated in a pre-symptomatic phase. This is the power of gene therapy at its best.   The Pathway to FDA Approval for Commercial Manufacture We then discussed the pathway for receiving approval to commercially manufacture this product and how the AGC Biologics Milan team navigated this process. Luca described that it was quite a long journey. AGC Biologics were manufacturing this product at preclinical and clinical phases dating back roughly 15 years. They worked with a series of different sponsors, it was developed by the San Rafaelle Telethon Institute for Gene Therapy in Milan Italy, then GSK continued the clinical development before it was acquired by Orchard Therapeutics. AGC Biologics remained the manufacturer during this time and in 2020 received approval for commercial manufacture of the product in Europe, but FDA requirements are different so over the last two years, they partnered with Orchard Therapeutics and worked to meet the FDA requirements for approval.   Luca explained that approval required a great deal of work on the process, the analytics, the quality system, supply chain, and raw materials. One of the most transversal aspects of the validation of a product is getting it ready to be manufactured for the market and it was great to go this last mile with a strong partner like Orchard Therapeutics. He also credits the infrastructure of AGC Biologics, which is a multi-site global organization and provided the Milan site great support in terms of general quality, standards, procedures, and simply by having faced multiple FDA inspections before. The combination of all these factors was what carried them to the finish line, it required extensive teamwork, not only at the Milan site but also the entire organization.  The Only Site to Receive EC and FDA Commercial Manufacture Approval I followed up by mentioning how with approval from the European Commission and the FDA, the AGC Biologics Milan facility is the only one in the cell and gene therapy industry to have commercial manufacturing authorization from both the FDA and the EC for LVV and cells. I asked Luca why there are so few CDMO's who have achieved this and what makes the FDA and EMA approval process so challenging? He explained that the Milan site was the first site to receive clinical manufacturing approval for an ex vivo gene therapy in 2003, 21 years ago, when cell and gene therapy was almost nonexistent at the time. They were the first facility to receive approval for commercial manufacturing in Europe for a marketed product in 2015/2016, 10 years ago. Now they are the only site who can do viral vector and cell therapy, both approved from the main authorities,

Patrick Lowry is the CEO of Samara Asset Group. In this conversation, we talk about the differences between The European Union and The United States when it comes to crypto regulation, importance of crypto ETFs, the accredited investor laws, their bitcoin thesis, why the Samara Alpha platform is trying to take a tried and true investment strategy from traditional markets and bring it into the crypto world.  ======================= Trust and Will has simplified the process of creating and managing your will or trust online. They leverage a data-driven, design-first approach and amazing customer support to help you protect your legacy from the comfort of your home starting at just $159. Sign up today for 10% off using ⁠⁠https://trustandwill.com/pomp⁠⁠ ======================= Auradine, a leader in web infrastructure solutions including blockchain, AI, and privacy, has unveiled the world's first 4nm Bitcoin mining systems, featuring breakthrough EnergyTune™ technology, setting new standards in performance and energy efficiency. The Teraflux™ product line from Auradine offers best-in-class performance, efficiency, and total cost of ownership (TCO), positioning it as the optimal choice for Bitcoin mining needs. With EnergyTune™, a patent-pending technology, Auradine's Teraflux™ systems enable rapid demand response and optimal energy usage, fostering a symbiotic relationship with electrical grids, and contributing to sustainable energy practices. Designed and manufactured in the US, Auradine's Teraflux™ product line not only ensures cutting-edge technology but also mitigates supply chain risks and provides increased supply chain resiliency. Visit ⁠⁠⁠www.auradine.com⁠⁠⁠ for more information the Teraflux bitcoin mining systems. ======================= Pomp writes a daily letter to over 250,000+ investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at https://pomp.substack.com/

As Brussels analyzes the European Commission's exploratory consultation on the future of connectivity and the future of EU network usage fees, guest host and ITI Director General for Europe Guido Lobrano is joined by the Body of European Regulators for Electronic Communications (BEREC) Chair Konstantinos (Kostas) Masselos. Guido and Kostas discussed BEREC's stance on the current telecom investment landscape, concerns regarding the introduction of network fees, policy approaches to address investment challenges, and more.

As more new technologies like artificial intelligence and the metaverse become mainstream, how are European Union officials approaching regulation? Spain's Secretary of State for Digitization and Artificial Intelligence Carme Artigas spoke about that with WSJ senior personal tech columnist Joanna Stern at this year's MWC. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Time Stamps: 00:00:00 Community Guest Intros 00:08:00 Phil Spencer Attacked By Gaming Media Over Comments He Mad in 2018 ABout Xbox Being Profitable. Today's issue is with a story that GI.Biz, IGN & Kotaku used and completely left out ALL of the important parts to skew their points to ONCE AGAIN, be #AntiXbox 1:15:00 The FTC is a complete MESS and the ONLY Republican announces they are leaving because of Lina Khan, PLUS Microsoft To Meet With European Regulators RE: ABK Deal Next Tuesday. 1:58:00 Outros and Special Message to the Community --- Support this podcast: https://anchor.fm/craig-ravitch/support

Navigating the issue of consumer protection in the digital era requires that a balance be found between a prosperous digital economy and the need for consumers to be protected. The proliferation of algorithms and AI-driven applications, the increasing importance of data as an economic asset, and the disproportionate role played by a small number of large companies all present opportunities for society while also giving rise to important digital consumer vulnerabilities. This expert panel discusses how digital consumer vulnerability can be regulated while ensuring that technology-enabled innovation can thrive. This expert panel features: Keynote speakers: Dr Jennifer King,  Privacy and Data Policy Fellow at the Stanford University Institute for Human-Centered Artificial Intelligence; former Director of Consumer Privacy at the Center for Internet and Society at Stanford Law school, USA; Professor Bruno Liebhaberg, Director General of the Centre on Regulation in Europe (CERRE), Brussels, Belgium;  Dr Stephen Unger, Chair of the UK Chapter, International Institute of Communications, previously Chief Technology Officer of Ofcom and Vice-Chair of the Body of European Regulators for Electronic Communications; and   Jeremy Godfrey, Chair of the Competition and Consumer Protection Commission (CCPC) in Ireland.  This event is organised in collaboration with the Economic Regulators Network (ERN), a cross-sectoral group of economic regulators in Ireland. The ERN is composed of the Competition and Consumer Protection Commission (CCPC), Commission for Regulation of Utilities (CRU), Broadcasting Authority of Ireland (BAI), Central Bank of Ireland, National Transport Authority (NTA), Commission for Aviation Regulation, and Commission for Communications Regulation (ComReg).

This episode is also available as a blog post: https://hmssweblog.wordpress.com/2022/03/15/european-regulators-approve-amazon-mgm-deal/

European regulators slap safety warning on J&J vaccine over deadly blood clots

Facebook's decision to block sites news here has made international headlines, as media companies and regulators around the world watch how brinkmanship between Australia's government and the tech giant, plays out.

European Regulators Approve Sales of First Artificial Heart Stay tuned for all the breaking news ! Visit Our Website https://odishatv.in/ News In Odia: https://khabar.odishatv.in/ Android App: https://bit.ly/OTVAndroidApp iOS App: https://bit.ly/OTViOSApp Watch Live: https://live.odishatv.in/ YouTube: https://goo.gl/Ehz6OP Facebook: https://www.facebook.com/otvnews OTV English Facebook : https://www.facebook.com/otvenglish OdishaTV is Odisha's no 1 News Channel. OTV being the first private satellite TV channel in Odisha carries the onus of charting a course that behoves its pioneering efforts. Accordingly its charter objectives are FREE, FAIR and UNBIASED. OTV delivers reliable information across all platforms: TV, Internet and Mobile.

Find out more on our website: https://bit.ly/3pI6Flw This webinar will explore the controls and technologies that compliance professionals can employ to detect and prevent financial crime conducted through Cryptocurrency exchange. You will learn: The controls specialists in this area are employing What the future of KYC and AML for Cryptocurrency looks like How AI can support these processes by surfacing new risks Further Reading: Control Frameworks For Cryptocurrencies: An Initial Evaluation Speakers: Trevor Barritt joined Featurespace in September 2020 from NICE Actimize, where he worked as an AML SME for 16 years. Before that he was Head of Money Laundering Control, MLRO and Compliance Officer at Prudential Securities, CIBC, ING, Credit Suisse, Gen RE and Morgan Stanley. He was also a Senior Inspector at two forerunner regulators of the FCA. He is a published author on compliance and money laundering matters and has served as a lecturer and examiner in money laundering and compliance for the International Compliance Association, in affiliation with Manchester University. He has also acted as a consultant for several European Regulators. Stephen Ryan is a founder and COO of CipherTrace. He has 25 years of experience in the security and payments markets. Ryan is the inventor of 3-D Secure, the largest consumer payment authentication solution in the world, with over 150 million consumer users. Mr. Ryan is a Fintech/Security executive and serial entrepreneur and has experience with a variety of internet-based security initiatives as well as experience with productizing government-funded initiatives. Additionally, Ryan has been an early stage advisor to some very successful Silicon Valley companies including PayPal and Splunk. As a seasoned entrepreneur, Mr. Ryan helped build and bring to market mobile security company Marble, which is now part of security leader Proofpoint (NASDAQ: PFPT). Prior to Marble, Ryan was an Executive Vice President at Online Resources and was responsible for Digital Banking and Payment Operations, which was sold to ACI Worldwide. Before Online Resources, Ryan was a co-founder of IronKey, which productized DHS S&T research and ultimately sold over 2 million IronKey devices, the world's most secure flash drive. The company became a part of iMation (NASDAQ: IMN). Previously, Ryan was Senior Vice President at First Data where he was responsible for Product Management and Marketing. Ryan began his career in the Fintech industry at Bank of America, where he developed and managed the bank's credit card processing systems. Mr. Ryan holds a Bachelor of Science degree in Management Information Systems from Old Dominion University in Norfolk, Virginia.

EP178 - Chewy IPO and Listener Questions Part 2  Recap of Chewy IPO (Chewy S1) Listener Questions Part 2: Q5: Nick Barrett Would be really interested to hear your guys thoughts on how an established e-commerce store should expand into new product categories. Is it a good idea to launch new niche websites through Shopify to do this, or is it better to keep focus within a single e-commerce site and expand within that? Q6 Rebecca Saunders Have you seen any recent data on the costs of customer acquisition online via the various channels, and how these have changed over time? I hear a lot anecdotally but haven’t managed to access any reliable data. Thanks in advance! Love the show btw (all the way from rainy London). Q7 Amit Agarwal Have you ever done some research on e-commerce subscriptions such as amazon subscribe and save or autoship? Also, what is the industry trends for bark box, hello fresh and other bundle subscriptions? Q8: Parker Block  Hey Scot, What do you see as likely business implications of rising appetite for anti-trust action (see FTC/DOJ announcement , Lina Khan joining Congress staff, etc ) on platforms which monetize  consumer data ? Q9: Baxter Overman How do you put consumers at ease with in-home delivery services? (i.e. Walmart grocery). Wouldn’t drop-off when the customer is home for certain items (or lockers) be easier to sell? Q10 Aakash Gupta What’s your favorite app that you’ve downloaded in the last few months? Q11 Twitter: Natalie Dillon mentioned us as one of her top podcasts – thanks Natalie! Q12 Ted: Mixed use retail entertainment? Q 13 Michelle Grant  Thoughts on pricing strategy in an omnichannel world where price transparency is high and filled with bots to find the lowest price Q15 Melissa Burdick The advertising race to the wallet – We’ve seen some big news lately: Target in talks to buy Triad, Walmart who is bringing advertising in house and just made a key hire Suresh as their CTO….where is this going for ads?  Is it going to be a war for brands wallet? Is everyone going to take a page from the Amazon playbook, bring ads in house, and move to a self-service performance advertising, PPC world? Where is the $ coming/going to come from?  In the chart below, it looks like Amazon is taking from Google.  (I asked a big CPG this question and I asked where is this coming from – or are you just getting more $$?  Their answer – more $$). How should brands prepare? Q16 Melissa Burdick Is Amazon going to do to walgreens/bartells/CVS what they did to the bookstore (kill the bookstore to build a bookstore) with the acquisition of pill pack + private label (aspirin, etc) and enable the ability to sell mass CPG profitably? Q17 Melissa Burdick Can Scot please update his Amazon Scape – how has it changed? Q18 Melissa Burdick When is Spiffy coming to Seattle? Don’t forget to like our facebook page, and if you enjoyed this episode please write us a review on itunes. Episode 178 of the Jason & Scot show was recorded on Tuesday, June 18th, 2019. http://jasonandscot.com Join your hosts Jason “Retailgeek” Goldberg, Chief Commerce Strategy Officer at Publicis, and Scot Wingo, CEO of GetSpiffy and Founder and Executive Chairman of Channel Advisor as they discuss the latest news and trends in the world of e-commerce and digital shopper marketing. Transcript Jason: [0:24] Welcome to the Jason and Scott show this is episode 178 being recorded on Tuesday June 18th 2019 I’m your host Jason retailgeek Goldberg and as usual I’m here to host Scott Wingo. Scot: [0:38] He Jason and welcome back Jason Scott your listeners well we if you listen to good ol episode 177 we had so many listener questions we could not get to the mall. So this is kind of a episode 2 or continuation of that episode before we jump into a star questions though we a while ago on a new show about 30 days ago now we talked about the chewy S1 and since then she has gone Publix we wanted to give you a quick update on what’s going on with you once you take us to the Jason. Jason: [1:14] So they did their IP aware According to some Tuesday it was Friday do I have that right. And you’ll tell me if this is good or not I think it is the day they had announced a rainy a price range for the offering at like 19 and 21 bucks and they actually came out at $22. That’s a little higher than the range they have a lot of good activity and they closed closed event on Friday it was at 35 bucks which is like 80%. So That seems like a pretty successful offering at least compared with like all the the Uber news or the with news. Scot: [2:07] This is the only been one to one IPO process and you know what would they tell you you’re so far. Knock on wood so what they what they tell you is that the Brain Trust at Goldman Sachs these kind of place is you want to go to one school of thought and this is not with the bankers agree with so you have to kind of navigate your way through all this obviously you got a fox and how so she was here once thought is you price your I get the maximum because that’s what’s best for the company the bankers would tell you to look your building long-term shareholder relationships so you want to give these shareholders that take a risk in your company a little bit of a benefit so you price a little bit lower than kind of where you can look at Newburgh lift they both would be kind of what’s the bankers would say kind of broken IPOs where they traded below their IPO price therefore now if you’re someone that participate in IPO you feel sheepish because you came in it what was a $20 now it’s trading at 18 where is this true IPO performed a lot better in a bottle the bankers would recommend I said if you want to come to clear range up there can a price above that range slightly and then have kind of a good pop and then stay there and then come out with your results and then kind of beet raisin your off the races did you could do. [3:30] Secondary offerings happy happy shareholders by wear stockings all kinds of good things happen at kind of tend to think this is the way to do it and they did really well. Jason: [3:43] Yeah now a couple of things that make it particularly interesting in the the sort of Commerce retail world so folks may remember. Chewy was acquired by PetSmart a couple years ago and it was a big deal at the time I was over three billion dollar. Acquisition. And so a incident PetSmart is now spinning off chewy as a separate public company and so I Like You by. And read my notes correctly that that close kind of values the company at that north of 4 billion dollars. Weather so acquire company for 3 billion ticket public at 14 billion sounds like. Pretty exciting acquisition for acquisition and transaction for PetSmart do I have that right. Scot: [4:42] I guess yeah they’re kind of Phoenix it’s almost like a private Equity, think it’s unusual for a company to do what they did cuz usually you fold it in you. You get rid of the brand overtime you make it your eCommerce brand so so young to the degree they have integrated it you could argue it Kris Russell because you know now I’m Siri chewy could be acquired maybe I do think that they sell and over half so I think they can control that but let’s say they do a secondary in overtime their ownership get step know maybe they need to sell some swimming in debts and then let’s say doomsday scenario Amazon acquires chewy and your PetSmart that’s what’s running your e-commerce site then you can kind of have a you know really bad day for someone at PetSmart to listen to see what happens with that integration now that you have these kind of. The amoeba is being pulled apart here and and how does that work for PetSmart. Jason: [5:42] Yeah so that’s kind of what I was going was like from a pure Financial standpoint if we look at it as a banker like it’s it’s hard not to see this as a win but but for your point. [5:55] PetSmart was not a particularly digitally Savvy brick and mortar retailer prior to this acquisition so I can the time part of this acquisition was to bring more digital competency to PetSmart and once pain the PetSmart team arrived PetSmart like really abdicated digital responsibility to that team so like as far as I understand it. There are fewer. Digital people at PetSmart today than there were before the acquisition so they’ve they’ve essentially made themselves extra dependent on chewy and it’s now not clear. What. [6:36] Responsibility going forward she will have for PetSmart digital footprint like you can imagine they have a deal to run petsmart.com. I haven’t explicitly seen that but that that seems like a logical assumption but you know what happens with all the. The start of omni-channel things and you know when PetSmart wants to launch new services or they want to like Market the Veterinary Service veterinarian services that she doesn’t sell but PetSmart does through their stores. Like they’re certainly isn’t like a really strong digital team at PetSmart to be solving the. The start of Digital customer experiences for PetSmart so it it it does it feels to me like it definitely create some risk. For PetSmart and I’ll be interesting whether they they have like. Chewy braintrust walked up some how or whether they’re going to try to rebuild their own their own capability there I guess I just it’s an interesting. [7:36] I think to follow so I found that interesting and then my assumption is that the kind of felt like they had to do it because. The the one interesting thing about the chewy idea that we haven’t mentioned is that that chewy is losing money, and like despite some like phenomenal hockey stick. Customer acquisition growth and sales growth and they have over three years they went from under a billion dollars to 3.5 billion dollars on sales they still haven’t found their way to profitability so your PetSmart you own this fast-growing money-losing venture. And you used a lot of debt to buy them so like. That they’re not helping you pay down the debt you used to buy them because they’re losing money by doing that idea o u stand up a bunch of cash in my understanding is the whole IPO like. Like tried to raise about a billion dollars and 900 million of that went straight to death from the PetSmart acquisition so for your point like it sounds like going public makes it easier to do subsequent raises. So maybe that. The way to bring more operating cash. Chewy but like there’s not a billion dollars in the bank as a result of this IPO that you can have spend on marketing that they didn’t have last year. [8:58] It’s all very interesting is going to be interesting to watch watch how it all plays out and then I guess the other thing is fun for me and you cover this on a previous show a little bit but like. In the process of going public May disclose a bunch of details that we don’t normally get to see and so I know there’s some interesting metrics that came out. They they do a really good cohort analysis of a evaluate. How sticky their customers are from each year that they acquire them and how valuable those customers are in so they have a like in their filings they have a nice what we call a wedding cake kind of showing. Each of those previous years cohorts. Growing in value over time and have some really favorable long-term metrics our customer retention is amazing a big chunk of their customers are on subscriptions are longer-term customers are continuing to spend more and so like. In general they’re having to spend a lot of money to acquire each new customer but the the lifetime value of those customers like is a significant multiple of that customer acquisition cost, so it just spend together inside peek at a pretty big size e-commerce business. Scot: [10:14] Yeah you know the history of e-commerce is littered with companies that they do all this math off of cackle TV and they’re using kind of known LTV, acquire new customers off that no nail TV and then at some point you get through your lines cut across and that LTD of that new customer surprisingly goes down over time because the early days you’re you’re bring in these these early adopters their Advocates they stick around and then the Slater customers you acquire you know maybe they’re just sampling and that kind of thing so it’ll be interesting to see. At the same time Irwin size applying data science and machine learning all his new technologies to try to fight all this in the sea. How to do another big thing when you go public as you have to decide. Which of these metrics are going to publish Schnitzer it’s pretty tricky thing cuz you kind of you know you kind of have to think well metric out there instructions down that’s bad so you can you can actually have a much different and you should have different kind of TV is you put out this one versus on your quarterly so will cover the first quarterly and no be interesting to see if they if they continue with a really transparent Buick faculty because that’s one they had some really good date on them. Jason: [11:31] Yeah it’ll be fun to see. Scot: [11:33] Cool swell I’m springing this on you but did you have a chance to look at the big Facebook crypto announcement today Libra new crypto-currency. Jason: [11:45] Yeah you should have spring stuff on me cuz you know I did all day so I just rushed to the hotel room to get to chat with you so tell us about. Scot: [11:57] Well I’ll just point point listeners to it the immediate reaction from Regulators was oh heck no so the other side quotes from the EU and both parties in the US saying we’re not really sure we trust Facebook with this so that that’s kind of I’m still adjusting it and it looks like they had a big team here the guy that got from PayPal but they put on chats Dave music. He’s leading this so it’s a big pretty big initiative at Facebook it’s what’s called a constant. Constant coin so it it’s kind of going to an individual value versus versus the US dollar does versus floating around the reason the white paper it looks like it’s going. It’s going after being a payment mechanism, like miles and that kind of thing for people. Within the Facebook Network they do have several people that have signed on to this kind of governing body eBay was announced today is also looking at it location being that the company Side dance this governing body will ultimately takes this currency along with the u.s. dollar other payments down the road so it just feels like it’s the payment thing to watch to see how it goes. Jason: [13:23] So do you think the the Winklevoss twins will be all in in this will be the Zuckerberg Winklevoss reunions. Scot: [13:29] That direction was an article where they have had something to do with it I know that’s compliment you can find them. [13:45] I think that they were asked to apine on it because they they have put a lot of stuff into the crypto thing. Jason: [13:53] I don’t know what we’ll see how it all plays out like superficially. I I simultaneously and surprise and admire Facebook’s ability to sort of ignore their currents. Situation and launching new products so I do I do feel like. Visa V the other big technology giants like Facebook is it the biggest sort of trust deficit of all of them and yet they continue to launch products that like. At the core require like this really strong level of consumer trust for adoption so launching portal and putting like on microphone and camera and everyone’s living room and the launching of cryptocurrencies likes that there’s some hotspot doing those kind of launches when it it it feels like you’re you’re not exactly killing it in terms of earning your user stress. Scot: [14:44] Okay one of our one of our many interns just look this up and they actually it so Facebook had talked to the Zuckerberg they have an exchange called Gemini and they’re not sure they’re to work together but the Winklevoss folks said you know it’s time to let bygones be bygones and waste will probably be Frenemies so if you’re very Millennial wait till dresses. Jason: [15:07] Let’s jump into listener questions. [15:19] Questionnaire questionnaire questionnaire questions. Scot: [15:24] Yes sir we are so we covered for last time so I can start out here with number 5 this was from Nick Barrett and it came through Facebook I believe Nick is from Australia or New Zealand so I don’t know if that puts it in context but there you go I think he works for this company called Mighty ape which is kind of like GameStop it’s like an FYE but an American kind of context to hear your guys thoughts and I’ll and established e-commerce store could expand in a new product categories is it a good idea to launch new Niche websites to Shopify to do this or is it better to keep Focus within a single e-commerce site and expand with a nut I’ll take a stab at this kind of depends so I’ll use a I use a metaphor here of orbits right so so at the at the at the center of this orbit is your existing customer in your existing e-commerce experience I think customers will. Pretty easily let you go one or two orbits out you start to go three or four orbits out then you really need to start thinking about that customers buying experience and the messaging it doesn’t make sense to have it going to tie it to something on a closer orbit to what you’re doing today so use example it looks like a Mighty Eighth the selling games Collectibles those kinds of things so. [16:50] You know another example of a store like yours is ThinkGeek here in the US and you’ll think he did a really good job of starting with your muesli. [17:00] Kind of collectible stuff and then bringing in toys stand life-size figures and then they going deep into categories so then in the store are they and the lion to have a pretty, deep Star Wars category a Harry Potter category Etc and then online and license the brands and then there’s there’s actually extra deep in this category So within the Star Wars world. They did, cleverly came up with a sleeping bag that looks like a tan tan and so they they kind of got so deep into this vertical they’re actually kind of able to come up with their own products around that. But you wouldn’t go in there expecting to find a non geechie pizza oven or something strange like that so so you know. [17:49] Two to the same argument if if you guys wanted to add kind of your you know you’re on private label Collectibles I’ll keep that in the main side what say you wanted to get into something totally out of what you’re doing today like I don’t know Sporting Goods or hammocks or something like that then I do think you know having another e-commerce site is the way to do it you know what. Yeah what you didn’t necessarily but all all kind of kind of keep replying to thread is how do you find what to add in this is where it’s really interesting set a channel advisor we have 3000 customers and the overwhelming majority of them are Supernatural and it’s always fascinating to me to find out how they. Figure out what products to sell a lot of them spend a lot of time date of money so don’t go through comments feedback on products they look at no search results that’s a cool place on your own website to go find things you’re what are people searching for on your website and not fighting that’s really interesting kind of area to learn a lot about consumer Behavior a lot of them use tools like camelcamelcamel this one called jungle Scout and then there you can go look at Amazon’s data my favorite example it won’t surprise listeners is a Star Wars example so these guys are our customer and they like. [19:10] Like kind of a GameStop in FYE Etc solo Star Wars stuff and they’re trying to look for new products they had a license with Lucas sounds do what do they had the image of Han Solo Carbonite that they put on almost everything they did a phone case but it started poking around and using some his tools they win the Star Wars category of Amazon Founders All these people looking for Star Wars beach towels yo when you’re out in your bathing suits on the beach you’re always so obviously want to Star Wars down so they came out with Han Solo in carbonite on a beach towel you are really big one so it looks like it’s on the beach cuz she’s there. And that became a top selling product on Amazon very quickly and they should develop that product by looking at null search results in finding those little imbalances between supply and demand that people are looking for a date use that create a product extension anchor so ankers electronics company in there is. Picture in China or Taiwan they started mining the Amazon feedback and people would buy. [20:23] Chargers and accessories and Illinois say one glad this has two USB ports but I have 6 devices looking at you Jason and you know I really wish you had a a charge faster and be it had reports. I think a lot of the anchor kind of lease early products were developed off skimming and parsing and really understanding the Amazon product feedback and then saying alright this product at 3 stars why can we develop a product. Our own just got five stars in address to Consumers. Jason: [20:58] Yeah and I mostly agree a side note on anchor like I literally have to have anchor products delivered to a email stop because my wife has banned me from buying Morty. Totally has my number. And one piece of bad news for you Scott I don’t know if you’re aware of this but I think was purchased by GameStop and effective July 2nd they’re shutting it down. Scot: [21:23] Oh man I didn’t know that. Jason: [21:25] Yeah so it’s not going to be a a section of a GameStop versus a separate site so. Scot: [21:32] Mulligan artist closes stores. Jason: [21:35] I don’t know maybe per your point and M4 Next original question again GameStops hoping to. Aggregate that traffic from their side and Think Geek and do more effective cross-selling because they. Basically I agree with your answer but I would almost come to it from the opposite and I would just say, it’s extremely hard there very few businesses that can be very profitable by selling a single item in a car and there are very few businesses that can be profitable by only selling an item once to a customer and so in general you’re looking for businesses where you have multiple products for the customer put in in your reason for the test come back and shot from you multiple times and so to me that means. Looking at your existing existing customer base as you suggested and finding adjacent products that might also appeal to those those customers. In the early days of e-commerce there was this artificial thing. SEO from Google search engine optimization bring much favored keyword stuffing in the URL and so you saw a lot of. [22:48] Individual sites that were selling one item in the name that URL after the item they were selling and that him for a while that that could be very effective Google’s dramatically depreciated the the effect of keywords in the URL so you know it now makes more sense to aggregate as much traffic you as you can on a single URL and sell a bunch of stuff but what I would suggest is having a lot of different content for that different stuff in different landing pages for that different stuff so for your point you’re selling Video Star Wars video games over here at Star Wars beach towels over there you might have separate landing pages for those two and you might have separate like digital marketing campaigns for those two so it kind of feels like a separate site in that sense but once you get there and get that beach towel I can I can try to cross sell you the video games and try to make you up a bigger more valuable. Does I guess that’s that’s the way I would think of. Scot: [23:43] Yeah it’s kind of fun fact two big companies were created off that crazed were you just putting one product on a domain name hayneedle and Wayfair Wayfair had like coffee tables kitchen tables dining chairs that all these Furniture things and you go to dining chairs if you like just dining chairs slice of the things they ended up ruling all that stuff up both of them did and and getting rid of that strategy one. Question number 6 is from Rebecca Saunders have you seen any recent data on the cost of customer acquisition so this is a question which we just kind of chewy online via the various channels and how these are changed over time I hear a lot and it totally but haven’t managed to access any reliable data thanks in advance love the show by the way all the way from rainy London. Jason: [24:34] Well thanks for the question Rebecca on answering from rainy Seattle today good night my SAT answer is. Generally know why there are people that publish short of some industry data on customer acquisition that I would submit to you that it’s almost completely useless because. The variance depending on the specific industry in the specific customer circumstances are so great that looking at these. Averages are are somewhat meaningless and so you know you both have like. Companies that are selling individual packs of Band-Aids you know for $3 online and guess what your customer acquisition cost has to be extremely low when you’re selling a $3 item with free shipping. And you have customer selling $10,000 diamond rings and. Not surprisingly that the customer acquisition cost can be much higher for that if you’re a company that’s already doing billions of dollars in sales right you. To get meaningful growth you have to reach a really broad audience and that tends to be more expensive per user for customer acquisition if you’re a small startup. You can very cost-effectively acquire some really valuable customer so your customer acquisition ends up being a lot lower so. [26:03] As much as I’d love to point you in a particular resource and say hey just check out these numbers. I guess I really don’t feel like other companies numbers are in less than a direct competitor of yours somehow are likely to be that useful to you I will tell you you know what I was digging into that chewy S1 a little bit and for example in 2017 chewy added about 3.7 million new customers in the matted 3.8 million new customers in 2018 but that’s 2017 customers they spent about 60 bucks a customer to acquire around and for this 2018 customers they spent $101 a customer. So there are not a lot of businesses that are much smaller in scale than chewy that could afford that kind of. Customer acquisition cost but if you look at Chuy’s lifetime value and the dispenza previous cohorts if these new cohorts Behavior chewy the way the previous ones that has a Scott sort of alluded to earlier then like even spending $100 a customer could be. A tapered an investment like a it’s a risky one so so we’re going to have to wait and see but I would definitely not look at Chuy’s numbers and go oh gosh for my business I should spend a hundred bucks a customer because it works. Scot: [27:22] Yeah and dumb ass gets in dead to your point the reason it’s hard to compare your business when Elsa’s you’re not only are you different categories you know Supernatural businesses where they essentially say look if I can spend a dollar and make 3 I will I will consider it almost cogs and I will have an unlimited budget. Other people kind of say you’re the kind of come from an advertising View and they took people to come from marketplaces they tend to have that cogs kind of totality cuz they’re looking at it as a percentage of sales people that come at it from the ADI to SeaWorld they’re looking at a return on ad spend the inverse of a Crepes and they’ll say look I’m going to have a budget and demands that budget to a 4X or whatever it is returned my dad stood socially really part of its Theology and and and some of it is other times I’ve seen really big companies for the CEO says I want to be number one to strollers and then you say well that’s insanely. Expensive in your money I want to be number one in strollers and. [28:37] It doesn’t matter cuz when the boss looks at strollers and your shoulders not there you’re going to get fired so you don’t really care what he’s done or you know they are building a Brandt and they don’t really care about a transactional kind of a Roi on on the stent there so it’s a hard hard to nail down. And it does kind of depend in my experience where people come from if they come from that ad world of that Marketplace Road. [29:06] What’s your view on return on that seventies. Jason: [29:10] Yeah I mean I tend to be sort of green eyeshade out of about it I I like to have a pretty short return on ad spend to make the investment the. Because frankly like the more expensive the customer is to acquire the least likely the customer is to be very loyal so in general I like those customers I can earn organically and cultivate a lot more than the customers that I have to go out and by so like you know for sure Mary meters suggestion I’d way rather have some sort of freemium model what I have customers coming to me and find the use my product for free on a limited basis and then turn them into paid customers and and sort of do growth hacking then spend a fortune buying a customer and trying to monetize those that being said I work for a giant ad company and that’s mostly what we. What we do. [30:13] Spend a bunch of money to to acquire customers and it absolutely can work. It’s not again it it’s somewhat related to your risk profile and. And comfort level I will say the one thing one nice thing about being a small company a lot of my clients are very large and and they have to acquire huge audiences and. The markets that have huge audiences that have inventory or tend to be pretty efficient so it’s really hard to get a good deal but one of the nice things about being a small company is you can play in a lot of small customer acquisition formats where the market isn’t very efficient yet and you can. I often get outside return so no being a in early player on Instagram when people weren’t advertising on Instagram was a great way to make money or being a you know a really excellent executor on Pinterest or even like fractional television versus heading to buy Super Bowl spots or different things like that like there are definitely ways to sort of piecemeal together audiences to get an outside return as long as you can get by with a a relatively modest audience size but you know as soon as you get into having a choir or million new customers a year to hit your numbers. You’re you’re pretty much stuck thing the market rate for customer acquisition. Scot: [31:42] Yeah where it where I’ve seen small businesses get upside down on this is day they take care of an Amazon eBay way of looking at things the applied to Google and they kind of think all right eye I just spent 20% took Wireless customer and then what they don’t realize is the next time that customer comes to they’re going to probably come through Google so now and then now you had another drink song that one in so I know what you’re saying is if you think you’re acquiring a customer for a hundred Google and you’re getting a $300 kind of LTD with them they’re heading Google twice more and you’re paying another couple hundred bucks. Upside down you really look like to have to get especially with the CPC stuff and and you have to be real careful with with how your measure know that. [32:28] Question number 7 this is from a bit Agarwal have you ever done some research on e-commerce subscription such as Amazon subscribe and save our auto-ship also what is industry trends for BarkBox hellofresh and other subscriptions. Jason: [32:42] Great question I’ll be curious what Scott’s answer is because I’m always looking for better data in this category than I have in general I would say like there is not a lot of traffic data it’s it’s the usual story like they’re these. Third-party data aggregators that do things that customer surveys and things to try to give us some data or there’s the universe Creek receipt scrapers like 1010data or slice a rocket and they can give us some insight into like. Amazon subscribe and save is performing versus individual products but. Those are like directional it best I haven’t seen awesome data there there’s one of the reasons that you yes one was kind of fun Chuy’s and I ever get with their trade name is for their subscription program. [33:38] 67% of all Chuy’s Revenue comes from the subscription program in as we talked about in one of the previous answers you know the real key to to profitability in an e-commerce business is about. Repeat purchases and customer retention and like there’s no better flavor of customer retention then auto-ship and so like. I’m a big fan of the tactic I haven’t always had the best third-party data to validate that tactic. The second half of your question I will I will say, yeah you asked about some of the the well-known subscription offers out there like BarkBox and hellofresh. [34:21] There’s a general sense. It’s been hard to scale those subscription services and that customer retention hasn’t been awesome and so there’s this phenomenon called subscription fatigue and in general the subscription Services tend to have a lot of churn so they don’t maintain all of last year’s subscriptions and a bunch of new ones and so there’s kind of a dirty little secret amongst the. The companies we tend to think of as subscription companies that are successful and that dirty little secret is most of them have an offering that’s not subscription-based that’s on the man ordering. And the bulk of the revenue tends to come from that on demand order so you know Stitch fix the bulk of their revenue is from. Young people that are ordering a fixes on demand rather than have a a a recurring a box coming all the time and in the. [35:22] My understanding is the BarkBox and Dollar Shave Club and Harry’s have all had like three big turn on their subscription list I think when the hair is got a choir that came to light that 80% of Harry’s Revenue was from there. Their retail deals are people walking in at Target and buying Harry’s Razors rather than being on the the the subscription program so I would say like subscriptions are really valuable thing to try to achieve and there definitely is evidence that Amazon’s program is really potent seems like chewy has a really potent program but you know you probably need to be careful about assuming it’s easy or that you’ll have great great customer retention from doing. Scot: [36:05] Yeah. I think that spot on a couple editions it it seems to work well in anything that’s replenishable I do think it’s kind of jumped the shark like I I see tons of News subscription programs for coffee and beer and wine just feels like we’re probably Pastor the subscription craze. If you’re interested in the topic that you know again one of the nerdy things I recommend is when companies go public and they file that S1. [36:36] That that is like a gold mine of data and it’s if you’re interested in these topics if you can find a company that has Nest one out there it’s really a good read because you’re you’re dealing with these companies that have managed a business cycle were talking about up to the point where it’s at a pretty good scale so so so they’re kind of on Generation 8 thinking and yeah that’s the guy you got started on Generation 1 thinking right live red and really enjoyed Stitch fix I would say you know there is a lot of negative cinnamon around Stitch fix prove the critics pretty wrong with the success they’ve had there is one is a really really good read and then when I when you read an s-1. [37:22] It’s kind of like a poop sandwich so so you know the where the bread is the poop in the good stuff’s on inside you have kind of dig in and find it the the part you want to read on this one and Skip all the way to Management’s discussion and and they’re in the Stitch fix one it’s a textbook on how they think about their cohorts and and how they fight this Trends Jason’s talking about how do you know how do you make the algorithm better and how do you also scale it with with computers instead of just people so I recommend that a good Counterpoint is Blue Apron went public and has not been successful so in a reading their ass one it’s really interesting because you know. [38:08] It’s not as strong and it’s not as clear that they’re actually getting in front of the sky turn problems so that’s a good one and then if you’re interested in the food deliveries area GrubHub is public and I find their public stuff to be very interesting as well. A good reading it going back to this one in either Coeur d’Alene updates her are so it’s hopefully that gives you something to chew on a it is hard to find a lot of like the previous couple folks asked about CAC LTV out there I like reading a case of a prospective cuz it really. Gives you an idea of how these teams are thinking about things and and I learned like a thousand things from repossessed one so I think that’s one of the best areas to go research the subscription program if you’re interested. Jason: [38:59] Yep and it just occurred to me there’s one other point we kind of touched on I’m the last person to call episode that I’ll just reiterate there’s certain segments that are much more mature and subscriptions and so that’s Professional Services and digital subscriptions Regza think Netflix Amazon Prime you know subscriptions to publishing companies Wall Street Journal newspaper all those sorts of things and if you look at how those industry of olives a couple of interesting things have happened. These aggregators have emerged because customers have subscription fatigue and their subscriptions are fragmented everywhere and it’s really annoying so you now have Amazon with a service where you do all your media subscriptions through them and they give you a single dashboard to turn on and off subscriptions and control them. [39:54] Apple just wants to be similar offering the financial institutions have noticed that people locking all the subscriptions they spend a fortune and they don’t tend to use a lot of the subscription so every budgeting tool out there like mint like a big feature that they offer is identifying all these recurring. Cost and continue to turn off all the ones that you probably aren’t using and I think that’s now a national television campaign for. Wells Fargo is they have a feature in their mobile app called control tower which is all about helping people like turn off the. [40:29] The dearth of subscriptions they signed up for not getting value from so like give you. [40:36] Use that as sort of a time machine and you let you know it’s it’s probably unlikely in the future you want a copy subscription with one vendor and a water filter subscription with another vendor and you know and have all these things coming on different schedules and on different payment periods and you know it. To me that’s one of my Amazon subscribe and save the big advantages is there started the de facto everything subscription aggregator for physical Goods. Scot: [41:04] How many active subscriptions do you have Jason. Jason: [41:08] So I’ll be honest I am not the biggest personal fan of that there is huge convenience but I do find that I waste a lot of money when I do their subscriptions and stuff tends to pile up so I’m not a huge fan my my wife does a lot of our household management and she’s way more organized than me so she uses a bunch and I I couldn’t tell you how many she has. Scot: [41:31] Is that work that has like around 20 and he has an Amazon credit card and it says so they’ve gotten every kind of replenishable thing in their house that like kids can I come from Amazon if he’s done some calculus on it and it’s like the optimal savings for a little leverage on the on the Amazon Prime card. Jason: [41:50] Side note taking a deeper dive in this answer than we intended to but the today most of these subscriptions and most Auto replenishment is what I call explicit like you go and sign up for something and you have to ask for it and pull it. And it starts coming until you get around and turning it off but I do think the future for a lot of this physical goods are implicit replenishment where. If if you do most of your spending on Amazon or you do most of your purchases on Walmart like they they just get enough. Data about your habits you proactively. Send you the stuff when you need it without you even having to ask and both Walmart and Amazon have had various packet patents on this this idea of predictive shipping in that it does seem to me that like combination of big data and artificial intelligence in this face that like their there’s going to be in near future when a lot more of this purchasing is autonomous and the reason that’s interesting to me is. You know when you never have to think about ordering toilet paper again or buying toilet paper because your your house just always has the right amount for the paper what do all the physical stores that today have an entire aisle of the grocery store dedicated to toilet paper do that space so it’s like there’s an interesting challenge for brick-and-mortar retailers in the future as Auto replenishment gets more dominant. Scot: [43:16] All right question to break comes from Parker block he always throws curve balls we appreciate that Parker this one came from LinkedIn hey Jason Scott what do you see as likely business implications of rising a Type 4 antitrust action on platforms which monetize consumer data. I think she’s just a little bit in the last episode but a lot of the platform’s especially ones with user-generated content like Facebook Twitter Google search YouTube they rely on the section of law code section 230 which essentially makes thumb the same as a utility like like a phone line if you if you say something on the phone line that could be sheet Suites or something like that you know it’s not AT&T job to monitor that so say since we say we are not a newspaper where I your you have liability around what is it libel in was written once. [44:20] Slander libel and slander you can be sued if you say the wrong thing she actually very careful with what you say that’s why they have fact-checkers they say look this is just a platform we’re just kind of here I am so happens but as they increasingly are kind of changing and and. People offer what they say it is interesting to see should they still be within section 230 so that’s one interesting area another one is Noah senior up get really aggressive with these do not follow laws gdpr and you know all these kinds of things I I do think there’s going to be increasing appetite I’m not hugely political and. The times I had to kind of watch that stuff you always shake your head like when Zuckerberg was in front of Congress and they had like no idea you know the problem is our Representatives have no idea how this stuff works so slow. Do anything that I just I’m not optimistic that it makes any sense what I shall do so I have to see. The other thing I will say is there’s a lot of people Scott Galloway is really big on this on kind of breaking up Amazon and it a lot of people kind of gunning for Amazon it’s not really in the spirit of your question which surround customer day. [45:38] I’m sure Jason has deeper thoughts on that everything about Amazon is a monopoly there has to be someone the consumer being hurt you know usually have Rising prices when you have a monopoly with like the power company or something Amazon is lowered prices so and you know if you look at it. Their ownership of retail it’s very small e-commerce store at 50% so yeah that’s pretty big but you know you have Walmart got to swing an atom if if you if you took antitrust action at Amazon you know most certainly have to Walmart because Walmart has such a big share of much bigger share of offline and I feel like Amazon’s probably be okay and I think Facebook Google Twitter are prime or in the crosshairs because of the section 230 stuff and then the fact he’s ad models are built off of tracking across internet I think they going to have double risk there that will be nurse to watch. Jason: [46:33] Yep this is the way I sort of think of it there’s a couple categories of Regulation like they’re there are business models that various government entities. [46:46] Might want to influence by writing new laws and so that’s what all this privacy stuff is right like they’re you know you’re up isn’t trying to in for some some fifty-year-old privacy law. Against Google and Facebook they wrote a new I called gdpr specifically to change the behavior about how companies collect consumer data and use it the. You know there’s lots of new laws that get proposed for you know regulating energy companies and and how they influence the Earth and all these various things so a lot of these companies have risk that that dries, countries will pass new laws so you’re up obviously passed a Big Lot in the gdpr that as meaningful impact on how I’m we all do data collection for people and personalization there is a proposed law in California called the California consumer privacy act on which is very similar to gdpr and that goes into effect, you know it it’s sort of difficult to treat customers in California wildly different than the rest of the United States in California such a big Market that it could potentially have the effect of having companies serving us consumers behaving very similar to companies that are serving. [48:07] European consumers because they they just won’t want to risk getting Sideways from the the CCPA so. I do think that the biggest impact of those kinds of regulations is companies chains self moderating the their behaviors to not make it a necessity for a legislator to pass these laws and it’s. [48:29] In a legislative bodies aren’t super efficient it’s really hard. That’s why I was frankly and so you know you wouldn’t you wouldn’t have big expectation that like the US Congress is going to you know suddenly the House and Senate are going to agree on a bunch of stuff and pass a bunch of new new regulation and so it’s it’s more that they’re going to threaten regulation in that causes companies to like somewhat moderate their behavior. It is absolutely true that Europe is more aggressive than this right in regulation right now and so like it’s more likely that you that European regulation affects us companies then. Then you know that we’re going to see a huge wave of new u.s. regulation so that’s my long-winded answer on writing new laws and then purr. Scott’s point in the case of companies that whose primary business model is selling stuff that consumers there are t. Is regulation in prokaryotes that’s called the antitrust laws at the Sherman Act and so it’s it’s a less about Congress writing a new law that would have some negative impact on Amazon and more about how the US antitrust laws affect Amazon in first God’s point but the laws are. Like arguably someone outdated you both have to be in Monopoly and despite how big amazon is there really not. [49:53] The majority of very many markets right like they might be that the largest Bookseller in the u.s. I’m so so digital books could be a potential Market. If you could get a court to agree that e-commerce is a market separate from retail then you know you could argue that they’re up for ality even then there be arguments that they really aren’t cuz even though we say they’re 50% of e-commerce that doesn’t include some. Some huge businesses like marketplaces and pouring and all these other things the and in the second prompt per Scott’s point is once you’re a monopolist you you have to do behavior that negatively affects consumers in an amp us antitrust law that behavior is you have to raise prices and so you can’t just make the argument that oh my gosh Amazon’s reducing choice and that is fundamentally bad for consumers in Europe they have antitrust laws like that and so it’s it’s frankly at the moment a lot more likely that. European Regulators like impact how Amazon can grow as they get as big in Europe as they are here than it is that us antitrust law is going to be very effective against Amazon because they just don’t look like a a monopolist and then they they don’t sort of trigger any of the hot atoms of of the Sherman Antitrust Act. Scot: [51:19] Alrighty number 9 this comes from Baxter Overman how do you put super cities within Home Delivery Services IE Walmart grocery wouldn’t drop off when the consumer is home for certain items are lockers be easier to sell. Jason: [51:36] Yeah it was so one service that just got an ounce in the last couple weeks. Involved in last couple weeks is this Walmart delivered a fridge door and that’s kind of what I think of when you asked this question and so that the principle here is hey you order milk from Walmart you don’t want that like sitting on the curb for 8 hours while you’re at work. It’s a Walmart has this offering where we’re like using an electronic lock they have permission to go in your house they go in your kitchen and they have employees that are trained. Put away your groceries for you including putting the perishables in the fridge in the. This was a big deal they made it their shareholders meeting a couple weeks ago and they had a video of Mark Lori doing the first delivery and when they first proposed this service like a year ago the idea was that they would install cameras in the customer’s home in the customer would be able to monitor the delivery guy on the camera this year what the evolution is the delivery guys wear a body Cam and so you can watch everything the delivery guys doing while he’s in your house so they had Mark Lori wearing a body body cam. [52:44] Delivering groceries to Consumers house and I do think some of those tactics like the body can can help. Instill trust like I do think there’s a major trust issue here like I don’t think the Walmart service is going to be a. A huge mainstream service I think there’s some niches where it might appeal to but I always chuckle because. In this Walmart video I’d be intent is seeing marks wearing a body cam so you can trust him so you have nothing to worry about and in my head I’m thinking Mark what is worth like two billion dollars the one guy that’s not likely to steal any of my students. [53:23] He probably didn’t need a camera at like there’s probably nothing in my house that he wants that he doesn’t already have so that that’s my my sarcastic answer. Scot: [53:33] If you hard boil a nurse problem-solve. Jason: [53:36] Yeah yeah so when it’s the. Scot: [53:38] Not enough of them. Jason: [53:39] Exactly I buy Cuban would do some deliveries. Like trust is the big impediment here in in you so you see lots of interim step so I Amazon has this very robust program called Amazon key and it both. As a version where guys can open the Smart Lock and put stuff just inside your door they put stuff inside your door as opposed to all the way in your kitchen so there it’s slightly less invasive and so maybe you press them more but the I’ve been told that the big version of chi that’s really popular is customers aren’t willing to give give Amazon delivery drivers access to their home but they’re willing to give them access to the garage so in a lot more customers have an electronic garage door opener and then have an electronic lock on the front door so there’s a lots of places where the Amazon delivery guy can deliver the packages inside your garage and that’s easier to have trust in there’s also a business-to-business component to key where Amazon installs the Lockers in. [54:42] Commercial buildings and obviously you have a lot more trust giving giving a delivery guy access to your secure Lobby than you do your individual house so I feel like they’re all these different tiers of trust but the one thing I would say is overtime as the services get more popular and more people use them and have good experiences There’s an opportunity for trust to grow and so when. Uber and Lyft first launch trust was a huge impediment I’m I going to get in some random strangers car today we all no lots of other people that successfully use Uber and so it seems less scary and and you know even more so with Airbnb as we have more people in our networks that. Regular use Airbnb and have good outcomes it feels safer to me and so in the same way if Walmart is able to find. A decent-sized niche that’s willing to do this refrigerator delivery service and I have to get out. He’ll probably share that experience with their neighbors and friends and you could see the service grow and get more trustworthy over. Scot: [55:49] Yes I don’t have a beautiful answer. Number 10 also from LinkedIn this Crumbs from Akash Gupta and what’s your favorite app that you downloaded in the last few months. Jason. Jason: [56:10] So my can’t rain answers I don’t like apps that there’s all kinds of data that we like apps have huge abandonment rate and so for most clients I’m actually advocating they build really good mobile websites that replace the functionality of a nap and that’s using a technology called Progressive web app so that’s my sort of boring work answer in my personal life the app that I recently downloaded that I had no idea existed that’s been really useful for me is it’s actually a plug-in for the mobile browsers so it’s a plug-in called screenshots and essentially What it lets me do is when I’m on a mobile web page it lets me take a screenshot of the entire webpage not just the the part that’s visible above the full and so it for work a lot I need. Screenshots of an entire entire page and sewed this was a new fine for me that I tend to be using a lot but. I’m not that can be pretty itchy. Scot: [57:12] It’s good I would say at at spiffy we use this thing called geckoboard and they just updated their app. And up so gives me all my kpi is in one what kind of screen which is nice. Jason: [57:29] What’s the app for the Star Wars experience in Disney if you like that should be our favorite app. Scot: [57:36] Play Galaxy’s Edge I don’t I don’t know if it’s a blister not you so I didn’t download the Amazon go Store app. Okay this is just a comment over on Twitter Natalie Dylan and she is at Maverick witch you like this Jason that’s the VC firm started by Howard Schultz founder of Starbucks to invest in consumer-oriented companies she mentioned just as one of her top podcast that was a typo at first but I’m pretty sure she actually meant us so wow I was speechless. Jason: [58:11] That’s very cool Natalie if you’re listening I’d like to think that I have some partially funded your child’s college education so thank you very much for that. Scot: [58:20] Did the Starbucks usage. Jason: [58:22] Exactly. Scot: [58:22] I think we’re now Pisco effectively at this question number 12 this comes from our friend Ted down in Austin he said make sure Jason talks about mixed-use retail entertainment I don’t know what that is but I’m glad you get to answer. Jason: [58:38] Yeah I mean. In general like in the 1960s when the mall was first invented the the appeal of the mall was there a bunch of sores aggregated that you all wanted to get get tune so you know we built a big building and surrounded it with a giant parking lot and and put a bunch of stores together in overtime we added things to that mall that made it even the game customers another reason to go and spend more time there so for those indoor malls that was things like ice rinks and movie theaters in food courts and as. [59:16] That the collection of the stores has become less and less appealing and it’s been less and less valuable that drive traffic just buy this assortment of stores a lot of these venues have had to get more persuasive with the non-retail things that they put them all so you know the food courts have have often been replaced or augmented with more significant fine dining and today like a mixed-use small almost certainly means like in addition to shopping and entertainment that there’s probably a residential component to and so you know you can live in an apartment building that’s like upstairs from the stores or adjacent to the stores and like I would argue even Hudson yard is a classic example of a mix you space there’s both a significant residential component of these various condo Towers that are adjacent to it like and there’s these entertainment features in it like the Skydeck in the that the stairway installation is named I’m forgetting at the moment and so in general. [1:00:28] New successful shopping destinations 10 to have the this this multi-use component and let’s focus on shopping meme only reason that you’d go visit at so I assume that’s what that’s talking about. You won’t see many new balls built that aren’t like very focused on the the other traffic generation activities on the other revenue streams besides. Scot: [1:00:53] That’s not sorry. Jason: [1:00:55] Well but we haven’t what’s the name of the. Scot: [1:00:57] The Vessel. Jason: [1:00:58] That’s all thank you. Scot: [1:00:59] Yes take a walk in the vessel okay alright Michelle Grant has a twofer one is should Amazon be worried about broken up I feel like we asked and answered that one did you want to comment on that. Jason: [1:01:14] I think we covered it pretty well right based on current US antitrust I think Amazon has very little risk like they I think potentially digital books could be in area where you can see some enforcement or like I might have said like Amazon web services is it greater risk lucky I feel I can Google and Microsoft have made enough action lately that that you know that that probably isn’t immediate in Amazon where to get as big in Europe as they are in the US it would be more interesting question. But I like I’m defending companies in the US I think Amazon has a lot less to worry about from regulation then does a Facebook or do. Scot: [1:01:57] Cool and then this is clearly in your wheelhouse cuz it’s got the O word you’re Jason what are your thoughts on pricing strategy in an omni-channel world where price transparency is high and filled with Bots to find the lowest price. Jason: [1:02:15] Yeah so there is a bunch of controversy about pricing right now like lots of omni-channel retailers don’t have Universal pricing so they might have a different price in every store the online price might be different than the store price you know a complicated retailer like Walmart there could be five prices for every item there to be a store price there to be a ship to home price there could be a ship-to-store price there could be a pickup in-store price and online grocery pick-up price and you know Walmart slogan is is everyday low prices well if they’re 5 prices for everything spoiler alert for them are not alone. [1:03:02] Inside you know most retailers today like have these fragmented pricing models and I believe that trust is such a big deal moving forward and there’s so much information and transparency available as a result of digital in the web that I feel like it’s inevitable that all retailers are going to get forced. To adopt a much more transparent pricing model which generally means so much more Universal pricing model so you’re not going to get away with. Having a different price in the stores then you do online and hoping the customer just doesn’t catch you so in general will see more Universal pricing. But you probably at the same time will see that price change a lot more based on Real World Market circumstances and so you’ll see a lot more Dynamic pricing but it won’t be secret prices that are changing without you knowing it like I think retarded you know tend to be transparent about that and into me the best example today is is Amazon they have a super Dynamic pricing model that changes all the time but if you put something in your cart and the price goes down they don’t just take that extra margin they tell you. And they lower the price of the item in your cart and when you you don’t go to their stores they now have digital prices and all the store so they can show you the same price online that they have in the store so I you know it’s. [1:04:27] It’s very difficult for retailers to make changes like this and break down silos so we’re not going to see it happen overnight but I think we’re we’re already starting to see retail shift in that direction so to me the future is. Universal transparent Dynamic pricing. Scot: [1:04:42] All right most sybaritic had a whole bunch of questions I’m going to lightning around a couple of them when is spiffy coming to Seattle. Stay tuned Ken Scott please update is Amazon scape and how has it changed unfortunately there is an inverse correlation between my time to work on the Amazon scape and your first questions to come to Seattle so position where I don’t have a ton of time to work on that it’s changed a lot so I think Amazon’s probably launched. It’s been a year old I would say two programs a month 24 to 30 programs since I did that so like the Amazon Prime wardrobe isn’t on there 4-star store is not on there there’s a lot not on there one day delivery yes those are not on there. Jason: [1:05:39] Scot I have no cars in Seattle so between those two I’m going to vote for the Amazon scape. Scot: [1:05:44] Maybe maybe I’ll find an internship this one of our many interns can help with this this should be an interesting one is Amazon going to do to Walgreens drug stores what they did to the bookstore with the axis of pill pack and private label enable the ability to sell Massey pg-propyl probably you think there’s one for the drug source. Jason: [1:06:11] I think it is I mean they’re going for everything so it is a market like that they made some Investments and they’ve already like I think had some material effects on valuations for the national companies. [1:06:25] I’m not sure like I mean there’s that Jeff has a equip that I kind of like and agree with Amazon denim put book stores out of business the internet put book stores out of business and I think the same made partly be true for retail pharmacies like I’m sure Amazon’s going to take a go after and take a chunk of the pharmacy business and that will be derogatory to traditional pharmacies but the bigger deal is we’re shifting from picking up prescriptions in store to having prescriptions delivered to our home so increasingly the old wanting majority of all the prescriptions we take R tronic, Africana conditions and returning things and the insurance companies are basically mandating that we all get shipped these bigger quantities of those prescriptions at home so as a smaller percentage of prescriptions get picked up in-store there’s less traffic in those doors the only reason people go to the stores his prescriptions they’re not good retailers if they don’t have prescriptions and so like I feel like that friends that macro-trends. Is really going to dramatically affect the retail pharmacy space now most of the retail pharmacies have already pivoted they own insurance companies and mail-order prescription services so that seems like where they’re putting their big bats well I’m sure Amazon will have some success in Pharmacy in and probably some Innovative products. [1:07:55] I’m not sure that’s why I’m wearing they’re going to capture. Huge market share super fast because there is a bunch of Regulation and Power in the hands of individual insurance companies that that you know are some institutional impediments that make it a harder Market to dominate them say books was not saying they won’t get there but it would take long. Scot: [1:08:19] Yep Mike my take on that is when I go to a drugstore I stand in line and there’s usually. More helpers than customers but there’s only one person to check out the person five people in front of me has a thousand questions and it takes me an hour to get something but she took me 5 minutes so I feel like there’s a huge customer service kind of customer experience got there that the Amazon could definitely fill in in his going to go at it because it’s very clearly something that they can make a huge Improvement. This is a good one Jason how we doing on time. Jason: [1:09:02] I think we are coming up to the end. Scot: [1:09:06] Listen to all your questions about sitting on a big one can you talk about the advertising race to grab the wallet we seen some big news lately Target in talks to buy Triad Walmart Spring advertising and house and made a key hire there where is ever

What you will learn in this audiocast (11 min 51 sec): · The European organization for regulation · Near term work programs · Regulation and the European data economy · Net neutrality: what approach does Europe take vis-a-vis other parts of the world? · Consumer contract overhaul · Regulation in the 5G era · Cooperation with Canada · Upcoming national spectrum management issues Johannes Gungl is CEO for Telecommunications and Postal Services of the Austrian Regulatory Authority for Broadcasting and Telecommunications (RTR) and he is currently chairing the Body of European Regulators for Electronic Communications (BEREC). Mr. Gungl has almost 20 years of experience in the Austrian and European telecommunications industry, working in the field of legal and regulatory affairs for several fixed-line and mobile operators. Before his appointment as CEO of RTR, Mr. Gungl served as General Counsel and Head of Legal & Regulatory Affairs for Orange Austria. Mr. Gungl holds a law degree from the University Graz and a postgraduate degree for European Law from the University of Innsbruck.

Dieses Mal geht es in einer IT-Keller Spezial-Folge um Netzneutratlität und wir haben dafür den ISPA-Präsidenten Harald Kapper eingeladen. Shownotes und Links: ISPA Internet Service Providers Austria, Geschichte der ISPA, "Ein Land geht offline ...", Amiga Xi-Paint, Internet Privatstiftung Austria (IPA), netidee, Stopline (Statistiken), Safer Internet, Kinderbuch "Der Online-Zoo", ISPA Broschüren, Netzneutralität, RTR Rundfunk & Telekom Regulierungs-GmbH, BEREC Body of European Regulators for Electronic Communications, BEREC Net Neutrality Guidlines, 5G, NAT Netzwerkadressübersetzung, IPv6, Panoptikum, epicenter.works, IT-Keller Chatbot auf Facebook Gäste: Bernhard, Harald, Stefan

Bernt Olufsen slår et slag for sponset journalistikk. EU slår ned på adblocking og står opp for nettnøytralitet. Og de yngre bryr seg lite om DAB. Troverdighet er pressens viktigste kapital og en forutsetning for at media kan utfylle sin demokratibyggende samfunnsrolle. Den tidligere VG-redaktøren og nå styreleder i Polaris Media, Bernt Olufsen har konkludert i en bloggpost at det ville vært bedre om innholdsmarkedsføring og native advertising heller var direkte sponset enn at den legges inn under ansvarsområdet til avisenes markedsavdelinger. Body of European Regulators for Electronic Communications (BEREC) har slått fast at Europeiske teleoperatører ikke får lov til å blokkere annonser i deres nettverk, men at det er helt greit at vi som forbrukere gjør det. Elektronikkbransjen omtaler DAB - til tross for at teknologien er fra 80-tallet - som en nyvinning. Normalt er det de yngste som som adopterer nyvinninger først, men i DAB-tilfellet er det de eldre som viser vei. Hans-Petter har testet... See acast.com/privacy for privacy and opt-out information.

European Regulators are about to decide whether to give big telecoms corporations the power to influence what we can (and can’t) do online. In this emergency episode of STEAL THIS SHOW, Thomas Lohninger of Save...

The EU has widened its landmark antitrust battle against Google, accusing the US technology group of abusing its dominance of the smartphone operating system Android. Ravi Mattu examines the case against Google with Murad Ahmed, the FT's European technology correspondent. Music by David Sappa See acast.com/privacy for privacy and opt-out information.

Fátima Barros is the Chair of the Board of Directors of ANACOM (Autoridade Nacional de Comunicações), the national regulatory authority for communications in Portugal. She is also the 2015 Chair of BEREC, the Body of European Regulators of Electronic Communications. She spoke with The Prospect Group about the telecom landscape in Portugal, getting ready for the Internet of Things, and infrastructure investment.

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