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Fixed Downside, High Upside Thinking

Today I'd like to introduce you to Venkat Rao. He writes Ribbonfarm, and he's mastered the difficult challenge of writing smart, novel, entertaining, eloquent, controversial, and accessible content - at the same time. Most people can't do this.

Venkat wrote an excellent reply on Quora to the question, "Is it hard to build, market and maintain a web app that makes at least $1000 a month?" Quora's TOS actually allows you to republish things in full with attribution (and some other requirements), and I thought this would be an excellent introduction to Venkat for you.

This whole reply is brilliant. He's got the orders of magnitude on money, time, and requirements basically dead-on. Extraordinarily impressive read here -

"Is it hard to build, market and maintain a web app that makes at least $1000 a month?"

This is a very interesting question, and the responses are very revealing. It is instantly clear who knows what they are talking about.

T-Mobile Might Pay for Families to Leave Competition

On Imported Blog

T-Mobile USA CEO John Legere recently got kicked out of a AT&T party, possibly causing this out of anger. Rumors are suggesting that T-Mobile may soon make it easier for customers to switch to the UnCarrier plans from rival operators.

This advertisement which briefly appeared on T-Mobiles website before it was pulled, says the company will "pay your family's termination fees when you trade in your devices," possibly attempting to lure customers from going to AT&T who is offering T-Mobile customers up to $450 to switch to it's NEXT plan.

The small print states it will accept ports from AT&T, Verizon, or Sprint for up to five lines. This initiative seems costly, but the company will make money back by requiring people switching to trade in their existing smartphones and choose new phones on it's UnCarrier plans. Expect T-Mobile to explain the amount it is willing to pay at their CES event.

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