Speaking of companies laughing at competitors they shouldn't, my father has a gr...

		apozem on Sept 1, 2018 \| parent \| context \| favorite \| on: $600 Chromebooks are a dangerous development for M... Speaking of companies laughing at competitors they shouldn't, my father has a great story from his time at IBM. He was in a meeting where they were talking about Amazon Web Services, which had just launched. He said an IBM executive called it "stupid" and asked, "Who would ever pay for a server with a credit card?" This blew my mind, because now that AWS is crushing IBM's cloud offerings, the answer to his question is tons of people.

The transaction cost of fully automatic flow and pay with credit card is unbeatable. For a big project it may not matter but for a small one it does.