(wow) Words Of Wonders Level 2004 Answers – We have done it! As you may have seen on Twitter this week, General officially hit 20,000 members. As I said last week, I couldn’t be more grateful to you all, and I’m excited for all the learning and building that lies ahead.
Since it’s unlikely we’ll see a Roblox IPO this year, I’ve shared the gaming platform’s S-1 leak as well as an annotated version of the RFS 100 fifth edition. You can find them here:
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Recent reports suggest that 2021 will start with a bang: Coinbase and UiPath both filed confidential documents with the SEC ahead of their planned IPOs. Expect a lot more.
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On that subject, this is Gen’s last email of 2020. I’ve been making some fun things for the New Year and can’t wait to show you.
I think they’re sitting in one of Judy Tiller’s sprawling stone-and-glass mansions, IAC president Jack Russell’s clone terrier sniffing the ex-Platonist’s sandy feet.
“Fortune guides the follower and drags the resister,” says Plutarch, stroking his beard. “Just kidding. I took a Time X Voyager with Alvin – two thousand years in forty-five minutes! Great food though.”
I am,” corrected Plutarch, spinning in the lamb chair and moving on. “I’m here for the long weekend. Everything I have achieved or will achieve is still in your past. “
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“Perhaps you’ve heard of me: Plutarch of Boeotia? He studies Tiller’s rosy face for recognition. “Anyway. I am at home a lot. I am writing. I teach. Now, I’m working with this baby Marcus Aurelius. Very bad.”
In his seminal 1953 essay “The Hedgehog and the Fox,” Isaiah Berlin describes the difference between the two creatures: “The fox knows many things, but the hedgehog knows one great thing.
After leaving UCLA in 1961 (he stayed only three weeks), Tiller moved from the William Morris mailroom to CEO at Paramount, then Fox. But after nearly two decades at the top of the entertainment industry, he decided it was time for a change. Tiller sets off on a cross-country odyssey with his new (and depressed) Macintosh PowerBook. His future wife, Diane von Furstenberg, described his love of technology:
He has an incredible love affair with his computer. He has broadened his horizons. His relationship with the small screen – to the dismay of everyone in the room – has undoubtedly changed his life.
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There is something very sophisticated about the image of New York at the moment. Fifty-year-old Tiller visited MIT and Microsoft as part of his quest for self-discovery, developing a vision of the future that directly incorporated future user input:
[I]n the next few years [Diller] realizes that viewers will get video on demand — they can watch it when they want it. With the click of a remote control button or phone, they call up the movie equivalent of a video jukebox.
While Tiller can see that future, he’s not sure what role he can play in it. The moment of publication came through von Furstenberg. In February 1992, the designer moved to the “Quality, Value and Convenience” headquarters in Westchester, Pennsylvania, known as QVC.
He was shocked by what he saw. He watched soap opera star Susan Lucy launch a hair care product on live television and rubbed his eyes as the phones around him rang.
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“It was amazing,” von Furstenberg told Tiller. “[Lucy] sold four hundred and fifty thousand dollars worth of hair products in one hour.”
Tiller has to see for himself. It was an important moment. He mentions what happened to Reid Hoffman.
I went on QVC and I saw something I had never seen before. It was an early integration of the telephone, television and computer. But the bottom line is that I only know about storytelling screens. Here, I saw an interactive screen. This screen was used for non-narrative purposes, and it – wow! He beat me.
Tiller outlined his next move and, most importantly, the principles that would guide him for decades to come. “Interactivity,” the interaction between media and users;
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The point was this. That same year, Tiller bought a $25 million stake in QVC, selling his stake three years later for $130 million.
It marked the end of Tiller’s time at the shopping chain, but the beginning of a new era and a new kind of company: InterActiveCorp.
In 1995, Tiller acquired 20% equity (and 70% voting control) of Silver King, a group of twelve local television stations. At the time of the acquisition, HSN was operating as an independent company after being wound up in 1992. Tiller soon corrected that, bringing HSN back to Silver King in 1996. He named the merged company HSN.
From the outside, at least, Deller appears to be following a predictable playbook, using his television experience to build a modern network to compete with ABC, NBC and former Fox fans. Took It took until the next year to see that maybe something else was going on behind the scenes. In 1997, a revamped HSN acquired a controlling interest in local event ticketing platform Ticketmaster. HSN bought the outstanding shares the following year.
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The acquisition of Ticketmaster was a sign that HSN’s ambitions extended beyond television — and the acquisition that followed — of course.
Along with online travel, hospitality, entertainment and dating, Tiller began expanding from traditional media positions, selling USA Networks assets to Univision and Vivendi. This prompted another name change in 2002 with the name of the business changing to Interactive Corp first as USA Interactive and finally in 2004 to IAC/InterActiveCorp.
Acquisitions continued, strengthening existing positions and diversifying IAC’s business lines. Hotwire, TripAdvisor, Anyway.com and entertainment publications joined the company’s travel portfolio, while uDate.com and Kiss.com joined the match. Meanwhile, real estate and home management grew as an area of interest with the acquisitions of RealEstate.com, ServiceMagic and the LendingTree mortgage discovery platform. Interest in online media and search grew, and in 2005 IAC acquired Ask Jeeves, followed by Connected Ventures (parent of College Comedy and Vimeo), and Lexico (parent of Dictionary.com).
Just as IAC apparently mastered the architecture, it used the 2000s to perfect the product. After diversifying with the above funds, Expedia emerged as an independent publicly traded company in 2005.
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If it can be difficult to keep track of it all, you’re not alone. Even Tiller struggled with it, Von Furstenberg said of her husband, “He’s got a point of view, and he doesn’t know what it is, you know . . .”
Trying to explain this hodgepodge, Tiller refers to the IAC as an “anti-corporation,” a collection of businesses that should be together but separate.
Only after a torturous 2007/8, in which IAC stock fell 44% while the S&P 500 rose 54%, did Tiller introduce a clear framework for making common deals. As part of the reorganization, Tiller split IAC into five companies, each with a different focus. IAC is divided into three distinct business lines: “Media and Advertising,” “New Industries,” and “Investments.” Tiller justified the decision, saying:
A combination of more than 60 brands provides true value to the company to the stakeholders and each brand is truly successful. For this reason, we are moving towards another product that will create five more focused companies each.
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The rough lines of that decision are still visible today, with IAC dividing itself into five divisions: “ANGI Home Services,” “Vimeo,” “Dotdash,” “Search,” and “Emerging & Other.”
Although there is some continuity in the structure under the IAC, it only shows that Tiller’s common struggle has changed once again. Big properties like Match have gone solo, Vimeo has been spun off from other affiliate projects, and acquisitions like Angie’s List and Care.com have opened up new horizons.
On its face, IAC may seem like a broad range of ideas and incentives, markets and incentives. To understand this, to understand Tiller’s understanding of meditation, we must first understand the plane of theses.
When Theseus – the legendary king and slayer of the Minotaur – returned from his adventures in Crete, the citizens of Athens pledged to protect his ship. Over the years, as the ship’s wood rotted, new trees were planted in its place. Eventually, most of the ship was restored, and no one knew what was old and what was new.
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, raised: Is this ship of Theseus still there? Even if each element is removed and replaced, is it considered the same?
A sign? Does it arise from solid, composite parts, or does it come from something else?
