Image by César Poyatos via Flickr (Creative Commons License)
Welcome to the app economy.
Apple coined the term ‘there’s an app for that.‘ Since Apple opened its app store in July 10, 2008, the number of apps downloaded from the store reached 10 billion downloads in January 2011.
From then on the app makers industry has grown exponentially and no longer exclusive to digital media companies.
Today, app makers could come from any industry that you know of, food, insurance, banking, photography, design, transportation, and more.
BY THE NUMBERS
#1. Smartphone Subscriptions
There are 3.4 billion smartphone subscription in the world. In 2015, around 45% of all mobile subscription associated with smartphones, compared to 40% in 2014, according to Ericsson Mobility Report. And this number could grow to 6.4 billion by 2021.
#2. The Number of Apps on App Stores
The fact that mobile apps are relatively easier to create than computer apps, as well as their considerable lower price has translated into a growing industry which produces every year more and more.
The number of apps available in leading app stores, as of November 2015, according to data on Statista (subscription, if you want to read details):
- 1.8 million apps available on Google Play.
- 1.5 million apps available on iOS (June 2015).
- Apps from the Apple App Store were downloaded a cumulative 100 billion times (June 2015).
- 400,000 apps on Amazon Appstore.
- 340,000 apps on Windows Phone.
- 130,000 apps on Blackberry.
#3. Apps Eating Web’s Lunch
Continue reading “The App Economy in 4 Charts”
Charity Water is a non-profit founded in September 2006, with mission to bring clean and safe drinking water to people in the developing nations.
In 2012 alone, Charity: Water raised $33 million with 100% of proceeds to fund water projects. By then, the total fund raised reach $93 million, funded 8,208 projects, and giving 3,223,000 people access to clean water. This kind of track record is very impressive, considering that they get to this milestone in less than 10 years!
When you think that there is more than 1.4 million nonprofits out there competing for resources, how could Charity Water created a league of its own in a very short time?
For one, Charity Water runs the organization like a startup: innovative, efficient, and continue to reinvent along the way. They embrace the power of technology and social media and use it to inspire and empower its supporters – from the get go.
Transparency breaks down barriers between an organization and its supporters to create openness that never before exist.
How Openness Empowered Its Supporters
#1. Business model: 100% donations go to projects
Any donors would love to see how their donations made a difference. So for a young organization that decided early on to embrace a business model where 100% of public donations goes directly to fund its water projects, transparency has to be at the core of their operational DNA.
By showing impact of supporters’ donations and sharing this information online, they gained the trust from people, especially those who may not be familiar with the organization and its mission at first.
Continue reading “How Being Transparent Actually Help This Nonprofit Empowered Its Supporters”
Note: This interview was conducted few years ago at Social Good Summit in NYC. With all the changes going on, the idea of doing little bets to find your best idea still true to this day. It’s even more so now than before, as more people talk about failures and what they can learn from it.
I recently had the opportunity to chat with Peter Sims, the author of “Little Bets,” at the Social Good Summit. Peter is also a co-founder of Fuse Corps, a social enterprise that partner up with government, mayors, etc. to help tackle the nation’s most pressing problems. This is part of his little bets.
Little bets are a way to explore and develop new possibilities. The idea is to start small experiment to discover big things. You have to go through the process to discover bigger and better ideas. There is no shortcut for that.
For example, comedian Chris Rock would practice (read: experiment) with his lines at small comedy clubs around where he lives – before he uses those lines (that worked) for the big stage.
The same is true with VCs, how they would invest in a number of different companies. Not all companies would succeed (if it works out 100% success ratio, it would be a dream!), however, from the companies they invest one of two would grow big and give multiple times payback to investors.
So before you dive in to the conversation, here are some the things you can learn from this conversation:
- where Peter finds his inspiration
- that it’s okay to fail
Continue reading “How Little Bets Can Help Discover Your Big Ideas”
Yes, I kid you not. It took me four years to start blogging seriously again. You see back when blogging was still in its infancy, I started a business blog focusing on real estate. I wrote about things I see and experience working on the trenches. Some 1500+ articles later, the content produced help built my reputation as a Realtor blogger and business in the process.
Then something happened.
My mom passed on in 2007. I felt guilty about how the last year she was here visiting me, I didn’t spend enough time with her. Instead, I spent my time working at the office, or at Starbucks, blogging for that matter, because I had no Internet connection at home. I tried to revive my love for blogging a few times, writing sporadically, somehow because it’s not consistent- this didn’t last long.
Losing someone close to you could change your life. It did change my life.
What changed? My perspective about life. Because you never know when the time comes to leave this world and that every single day is a gift. So spend time with your loved ones. Every minute counts. When one’s gone, is gone. Nothing we can do about it. We can only celebrate the memories we had.
All the forces in the world are not so powerful as an idea whose time has come. ~Victor Hugo
When I had this idea to share the learning experience with the world, it was 2011. I wanted to put all the websites where we all can learn about something for free. Because there literally thousands organizations in the world are giving away their research for nothing. The only thing requires is our motivation to learn. That’s it.
Now is 2016. Finally the time has come. Time for me to start sharing a little bit that I learn with the world.
This. Is. It. World.