A company's earnings before interest, taxes, depreciation, and amortization (commonly abbreviated EBITDA,[1] pronounced /iːbɪtˈdɑː/,[2] /əˈbɪtdɑː/,[3] or /ˈɛbɪtdɑː/[4]) is a measure of a company's profitability of the operating business only, thus before any effects of indebtedness, state-mandated payments, and costs required to maintain its asset base. It is derived by subtracting from revenues all costs of the operating business (e.g. wages, costs of raw materials, services ...) but not decline in asset value, cost of borrowing, lease expenses, and obligations to governments. Though often shown on an income statement, it is not considered part of the Generally Accepted Accounting Principles (GAAP) by the SEC[5] and the SEC hence requires that companies registering securities with it (and when filing its periodic reports) reconcile EBITDA to net income. https://en.wikipedia.org/wiki/Earnings_before_interest,_taxes,_depreciation_and_amortization (more)
aka profit
Customer Development focused instead of Product-Driven Auteur Theory? Peter Drucker: There is only one valid definition of business purpose: to create a customer. (more)
Venkatesh Rao: So You Think You're Customer-Driven? I've made no secret of my strongly partisan belief that being product-driven is a far superior stance than being customer-driven, but I've never properly unpacked why I think that. Here's the main reason: To be product-driven you merely have to be a talented person in a specific narrow and easily testable way. But to be genuinely customer-driven, you have to be a better person in a hard-to-test way. Add to that my priors that talent is common, but genuine good character is rare, and you'll understand why I have the bias I do. (more)
When a businesses priorities/culture and growth are focused on product management for customer success. (more)
big-business guru, early work was based on years of research with General Motors, "created" Management by Objectives" (more)
Burn It The F* Down
Periods where different strategies made sense (more)
Ash Maurya: How to Achieve Breakthrough by Embracing Constraints. In its early days, Southwest Airlines had to sell one of their planes or face bankruptcy (more)
It's Design Week, so the Cooper Hewitt museum is free all week. There's an interesting-sounding exhibit on Urban Development in China. (more)
A limiting/gating factor/attribute. Could be a law of physics, could be a game-rule (culture), could be a side-effect of other decisions. The Theory of Constraints says that a business usually has 1 primary constraint, its Bottleneck.
Taylor Pearson on The Truth about How Creativity Really Works. John Boyd was a fighter pilot.. (more)
Bob Sproull: The Goal Tree Part 1: A complaint I have heard many times is that a full TP (Logical Thinking Process) analysis typically takes several days to complete and let’s face it, a regular executive team simply doesn’t have that kind of time to spend on this. (more)
iykyk
Who voted for Donald Trump? Why? (more)
Timothy Ferriss Physical Fitness book. ISBN:0307463656. I have 2 semi-self-contradictory criticisms of this book. It preaches from a Self Experimentation (Quantified Self) perspective, but: (more)
This is the publicly-readable WikiLog Digital Garden (20k pages, starting from 2002) of Bill Seitz (a Product Manager and CTO). (You can get your own pair of garden/note-taking spaces from FluxGarden.)
My Calling: Reality Hacking to accelerate Evolution by increasing Freedom, Agency, and Leverage of Free Agents and smaller groups (SmallWorld) via D And D of Thinking Tools (software and Games To Play).
See Intro Page for space-related goals, status, etc.; or Wiki Node for more terse summary info.
Beware the War On The Net!
Current:
- head of product for an early-stage boot-strapped company
- founder FluxGarden for Digital Garden hosting
- wrote Hack Your Life With A Private Wiki Notebook Getting Things Done And Other Systems ASIN:B00HHJA5JS
My Coding for fun.
Past:
- Director Product Managment, NCSA Sports
- CTO/Product Manager at a series of startups: MedScape, then Axiom Legal, then Living Independently, then DailyLit, then AEP...
- founded Family Financial Future, personal-financial-planning nagware for parents
- consulting
- founded Teamflux.com, a hosting service for wiki-based collaboration spaces.
- founded Wikilogs.com, a hosting service for WikiLog-s (wiki-based weblogs).
Agile Product Development, Product Management from MVP to Product-Market Fit, Adding Product To Your Startup Team, Agility, Context, and Team Agency, (2022-10-12) Accidental Learnings of a Journeyman Product Manager
Big Levers, Theory of Change, Change the World, (2020-06-27) Ways To Nudge Future; Network Enlightenment, Optimistic Near Future Vision; Huge Invention; Alternatives To A College Degree; Credit Crisis 2008; Economic Transition; Network Economy; Making A Living; Varieties Of Info Technology Jobs; Generative Schooling; Product Oriented Unschooling; Reality Hacker; A 20th Century Economic Theory
FluxGarden; Network Enlightenment Ecosystem; ThinkingTools Interaction as Medium; Hypermedia Pattern Language; Everyone Needs Their Own ThinkingSpace; Digital Garden; Virtual ThinkingSpace; Thinking Tools Companies; Webs Of Thinkers And Thoughts; My CollaborationWare History; Wiki Proliferation; Portal Collaboration Roadmap; Wiki For GroupWare, Overlapping Scopes Of Collaboration, Email Discussion Beside Wiki, Wiki For CollaborationWare, Collaboration Roadmap; Sister Sites; Wiki Hack
Personal Cloud; 2018-11-29-NextOpenInfrastructure, 2018-11-15-BooksVsTweets; Stream/Flow Vs Garden/Stock
Social Warrens; Culture War; 2017-02-15-MindmapCultureWarSocialMediaEconomy; Cultural Pluralism
Fractally Generative Pattern Language, Small Tribe, SimplestThing, Becoming A Reality Hacker, Less-Bullshit Living, The Craft; Games To Play; Evolution, Hack Your Life With A Private Wiki Notebook, Getting Things Done, And Other Systems
Digital Therapeutics, (2021-05-26) Pondering a Mental Health space, CoachBot; Inside-Out Markov Chain