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there definitely other verticals um that have high cash pay and highly fragmented markets that this model could apply to they typically don't have an existing Network so we would want to be able to prove that we can build our own network efficiently before you'd go after those
there definitely other verticals um that have high cash pay and highly fragmented markets that this model could apply to they typically don't have an existing Network so we would want to be able to prove that we can build our own network efficiently before you'd go after those
97% of dentists are private practices there's no corporate ownership that's partly by state laws it's also partly the nature of dentist you know they want to be there they're they're small business people you know and they they want to be independent so we don't think there's a need to do that at all people have tried that there have been a lot of these you know rollups of dental practices have generally not work particularly well
we've raised money from Mayfield this a seed and series a from Mayfield and then we raised money from Benchmark a series B
we found that people weren't willing to transact but very interested in the concept of a priced procedure
we found that that's huge percentage of the population 50% of the population um spending $45 billion a year was in the same camp as he was so that said okay well this is a really big
30 30 yes um and any Equity you give them a little taste it just straight up here's 30 dimes
if we get complaints about a particular dentist we will not show them in our display in our in our results you'll neuter them take them out
I'm not a big believer in going International till you've really figured have the model really solid here cuz it's huge distraction
we pick Dental because it's simpler General Healthcare is is really complicated and a tough entrepreneurial market so although I think that's a huge market and huge opportunity for disruption because it's desperately needed I think it's tough tough as an entrepreneur to more bureaucratic CU in the dentist you can go right to the decision maker very quick exactly that's why we picked that one
I think Facebook's just got so much inertia and momentum
I think the the new Google Google social is is pretty interesting I mean it's got some really great features to it
I'm not too worried about this because you know what if you show monetization this chart would flip radically
if you're in the search business the better you get people in and out of your service the faster you make it the lower the time spent online so for a search engine what this tells me is that the search is not growing what is growing is probably Gmail
I'm actually surprised that they're still growing at a pretty consistent rate straight through
competing against a Google YouTube kind of play
when I worked at Disney I spent 95% of my time internally as opposed to externally internally focusing on customers is when you get in a really big organization it's very hard to focus on the customers it's much you know you spend most of your time internal and that's not to me that's just not as satisfying
ironically it seems like a lot of the technology companies now are coming back to the content company saying hey we need you um it's got to feel pretty good for them to be needed again ... once you get away from text yeah and you get into video um or you get into movies I mean certainly they have the asset
they never really became a major player online ... they never really got there in terms of being a Technology based company ... a lot of defensive moves these big media companies have to make that handicap them when they're competing against a Google YouTube kind of play
that was the mistake they made is that they they didn't invest in search um they basically stopped the investment in search focused on branding Sports branding entertainment branding news with their brands
our trick to Our Success at Disney is we got a card inside The Lion King video release which sold 40 million copies worldwide and we were able to generate 400,000 subscriptions through that