They say the first step in any journey is the hardest. Embarking on a broadband project is no exception. Before setting out, you need to get a sense of what lies ahead. This post is is not by any means a comprehensive guide to your broadband journey, it gives you some idea of what issues you’ll face and the degree of pre-planning involved before the first cable is spliced.

The winner-takes-all phenomenon in business is appealing. All entrepreneurs dream of their products being used by everyone in the market. Large tech companies such as Microsoft, Facebook, Uber, Amazon, and Netflix derive their massive valuations by dominating their respective markets. How did they achieve this dominance, and do new startups have a chance against them?

The author's analysis of Dropbox's S-1 is that they are a cash machine and possesses a magical business model. He argues that anyone who concludes otherwise doesn’t understand the difference between cash flow and GAAP and the power of negative churn.