A Quote by Bill Keller
Buying an aggregator and calling it a content play is a little like a company's announcing plans to improve its cash position by hiring a counterfeiter.
Related Quotes
Value investors look at cash flows. If a company can maintain present cash flows for 5 or 6 years, it’s a good investment. Investors then just hope that those cash flows - and thus the company’s value - don’t decrease faster than they anticipate.
Strauss Group continues to strengthen its future growth engines, improve the company's competitive position, and increase market share, while continuing streamlining processes, improvements, and carrying out organizational adjustments in the company.
I had no agenda in writing this play except expressing myself. . . . It later occurred to me that I was not only announcing things to my family; I was announcing it to the world. Of course, if the play had been a flop, only my family would have known.
Announcing your death should be like announcing that you are a lunar moth: It must be done quietly or it will not be believed.
I don't like having debts. I don't like buying anything that I can't buy in cash.
You know, I'm behind my company. My company has been a big part of my life. And it's not that I been buying a company or that my father bought a company and tried to do something out of it. You know, it's not the same thing. It's my name, it's my company, it's my signature.
Announcing your plans is a good way to hear God laugh.
One thing I never thought about in my big-company job? Cash flow. When your business has billions of dollars in revenue, you can make a lot of mistakes and still have a viable business. But in a startup, make a few hiring mistakes, and you can find yourself in real jeopardy fast.
Not many know this, but in training sessions, I like to play in the center-back position sometimes. I think I'm good at that position, and my father used to be a central defender. Some people don't realize that if you play in that position, you can better understand how the defender thinks.
My record company certainly wants me to play live, badly, but I have no such plans. My only motivation to do such a thing would be money, and I don't think that's a good reason to play live.
I've certainly learnt there's nothing more important than cash - cash flow issues are one of the biggest causes of company failures.
Startups allow technologists and scientists to take risks and change plans in a way that would be frowned upon in a big company. Having said that, big companies will play a key role in certain areas and in partnerships with little companies. Each has its strengths.
At our core, we are a content company. That content has to be the very best. You can't be a company of this size and be doing what everybody else is doing.
I think at places like 'Slate' or the magazine where I work, there was a really poor record of hiring African-American writers. It was really that simple. And I think with the proliferation of the Internet and Internet media, it has been a little harder to maintain that gatekeeper position.
An exceptional company is the one that gets all the little details right. And the people out on the front line, they know when things are not going right, and they know when things need to be improved. And if you listen to them, you can soon improve all those niggly things which turns an average company into an exceptional company.
When I ran a small IT services business in the 1990s, it had strong recurring revenues - yet I couldn't accurately forecast cash flow for even the next few quarters. Small changes in the customer base or losing/hiring a few key employees could create massive swings in cash flow.
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