StubHub acquired by eBay – you heard it here first…

About 7 months ago I predicted that eBay would eventually buy StubHub, the wonderful ticket marketplace. Well – looks like the day has come and eBay has acquired StubHub for $310M. From TechCrunch:

“…they are announcing the deal earlier than expected – they are acquiring San Francisco-based StubHub for $285 million plus the cash on StubHub’s books, which is about $25 million. The deal has been signed and should close in 30 days or so. eBay will be releasing a press release shortly.”

This one really had the writing on the wall… it just made too much sense, after eBay lost this important marketplace to StubHub. And as I said in my original post – in the marketplace business there is rarely place for more than 1 player and eBay cannot afford not to be the one…

More coverage on GigaOm.

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On profiling, part 2

I recently posted my thoughts about the highly effecient process for screening all those toothpaste-bombers that are roaming US airports these days.

A few random followup points:

1) Another good post about this by Tom Evslin, fellow blogger on the MyWay network. From it:

They didn’t even glance at the rat’s nest of wires and strange devices that always lives in my nerd bag, much better potential there for an explosive device but profiling made it clear that I’m not a likely mascara carrier.

2) Scott Adams (the Dilbert guy) confesses to becoming a toothpaste smuggler:

So, like millions of other travelers (I assume) I plan to become a
smuggler. I figure I can take one small tube of travel-sized toothpaste
in my pants pocket and make it through security without being busted. I
rationalize that there is no danger to the public in doing this because
I use a brand of toothpaste that rarely explodes.

(BTW – good opportunity to recommend the excellent Dilbert Blog).

3) It just occured to me that the FAA airport screening policies might be one of the biggest marketing opportunities of all time. I can just assume that the toothpaste and nail-cutter industries, for example, have shot through the roof overnight, courtesy of the US government.
How long will it be before a creative product marketing manager for say, Ray-Ban, pays some dude to get on the plane and make a small show out of concentrating sun light through his glasses and directing them to the plane’s fuel tank?

For less than $200 you get a marketing campaign that immediately moves more merchandise than being the exclusive sponsor for the superbowl for the next 10 years….

4) Reading the comments on my post and on Tom’s, it seems like the word ‘profiling’ might be a bad choice of word. It’s not about setting up a government database for tracking the religion of each passenger and screening accordingly. It’s about a simple thing – empowering the piles of security staff to actually use their brain when seeking out potential problems. The ‘god-forbid-should-we-ever-insult-anybody’ mentality that’s driving today’s brainless screening is bad for the 99.999% innocent passengers and good for the bad guys.

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Holy shit!

Terrracycle_logo This post is about one of the coolest startups I bumped into recently called TerraCycle.

A little background – My next startup, after I finish with all this web stuff, is going to be around recycling/reusing. Yup – the business I aspire to get into is – just like Tony Soprano – the waste management business.

My dream is to invent the ultimate contraption that descends upon landfills, chews up all the garbage, and spits out useful products on the other side.

That’s why I loved everything about TerraCycle, though I have to admit that I’ve never bought or used their product which is basically a fertilizer (NYC apartments are not particularly famous for their spacious backyards…).

What they do is basically release a bunch of worms on a pile of garbage, and collect the worm-shit (hmmm… not sure that’s the most scientifically accurate term…) and package it as plant fertilizer. In their words:

TerraCycle Plant Food is the first mass-produced consumer product to have a negative environmental footprint.

But obviously there are a bunch of products in the market that claim to be organic/recycled/eco-friendly/whatever. The thing is, that usually these products pay the minimal lip service needed to be able to claim eco-friendliness (for marketing purposes), and then do all the rest in some of the most eco-unfriendly ways.

Here’s an example:

Organic_milk Organic Valley produces organic milk. They claim that “Organic dairy farmers do not use any chemical pesticides or fertilizers on their land. This protects our soil, water and air resources and also protects the health of wildlife and people.”

Terracycle_bottles_2 So they get all the good will and great eco brand image, but then they go ahead and package that wonderful milk in a box that’s pretty much a disaster to the ecology (the embedded plastic cap being the icing on the eco-disaster cake…). It’s not recyclable, not reusable, and doesn’t degrade elegantly when dumped. Yuck. 

And that’s where TerraCycle gets really cool. Their product is driven by passion to be eco-friendly, not by passion to gain some PR points or appeal to amateur tree-hugger shoppers. Their whole product, end-to-end, is truly eco-friendly. The full story is on their website, but I’ll just point out one feature that I LOVED – their amazing packaging:

Take a good look at the bottles on the right (not sure what I’m talking about?.. scroll down to see the graphical explanation). I can’t give enough kudos to the product designer that made the design decisions on the TerraCycle bottles. Simply brilliant!

Terracycle_production_process

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