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...d Five Guys didn’t just respond to customer demand; they also shaped it. As Darren Tristano, an analyst at Technomic, put it, “Consumers didn’t really know what they wanted until they could get it.” The archetype of this model is Starbucks. In 1990, the idea of spending two dollars for a cup of coffee seemed absurd to most Americans. But Starbucks changed people’s idea of what coffee tasted like and how much enjoyment could be got from it. The number of gourmet-coffee drinkers nearly quintupled between 1993 and 1999, and many of ... The Shake Shack Economy - The New Yorker

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9 years

great interview with stanley hainsworth, starbucks’s creative director.

Howard was very wise in knowing that Starbucks was not the only company in the world to make great coffee. On the contrary, there are hundreds of other companies that can make great coffee. So what’s the great differentiator? The answer is the distinction that most great brands create. There are other companies that make great running shoes or great toys or great detergent or soap, but what is the real differentiator that people keep coming back for? For Starbucks, it was creating a community, a “third place.” It was a very conscious attribute of the brand all along and impacted every decision about the experience: who the furniture was chosen for, what artwork would be on the walls, what music was going to be played, and how it would be played.

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...oped a serious interest in food and became more discriminating in their tastes—a development often called “the American food revolution.” Wine consumption jumped fifty per cent between 1991 and 2005. After the U.S.D.A. started certifying food as organic, in 1990, sales of organic food rose steadily, and stores like Whole Foods expanded across the country. The Shake Shack Economy - The New Yorker

60,346

9 years

“organic” is an interesting story itself eg it doesn’t necessarily mean a food is pesticide free, there is a list of approved “organic” pesticides. great article

In our opinion, food labeling in the U.S. is probably one of the most confusing, dysfunctional and often-misleading aspects of the food market.

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... away from home.” In the same period, affluent consumers developed a serious interest in food and became more discriminating in their tastes—a development often called “the American food revolution.” Wine consumption jumped fifty per cent between 1991 and 2005. After the U.S.D.A. started certifying food as organic, in 1990, sales of organic food rose steadily, and stores like Whole Foods expanded across the country. The Shake Shack Economy - The New Yorker

60,346

9 years

leading rise of the hipsters indicator

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In 2004, when Danny Meyer opened a burger stand named Shake Shack in Madison Square Park, it didn’t look like the foundation of a global empire. There was just one location, and Meyer was known for high-end venues like Gramercy Tavern. But the lines became legendary, and in 2008 other outlets started appearing—first in New York, then in the r... The Shake Shack Economy - The New Yorker

60,346

9 years

but it sure tasted like one!!!!

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The brothers, who received $65 million in Facebook shares and cash in 2008 after jousting with its founder, Mark Zuckerberg, have hired engineers from top hedge funds, enlisted a bank and engaged regulators with the aim of opening their exchange — named Gemini, Latin for twins — in the coming months. The exchange, which the twins have financed themselves, is a risky bet, given that the virtual currency industry has been a target of hackers and has faced existential questions about its legitimacy. ...

Winklevoss Twins Aim to Take Bitcoin Mainstream - NYTimes.com

60,346

9 years

gemini is a very classic financial firm name choice.

http://www.hedgefundnamegenerator.com/

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criticized for its slow execution, pledged a slew of features that would make the service easier to use. This is the second feature that Twitter mentioned during the meeting and has since released. In late November, Twitter enabled users to share tweets through direct messages, allowing users to more easily chat about public content in the privacy of one-to-one messages. ‘While You Were Away’: Twitter Will Show You What You Missed - WSJ

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9 years

i wonder how popular this was?

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Twitter will determine what tweets to show based on factors such as how many favorites or retweets a particular tweet received. ‘While You Were Away’: Twitter Will Show You What You Missed - WSJ

60,346

9 years

i wonder what the other factors are – i’d want to see tweets by the ppl i most interact with, often most retweeted or favorited are by a person i casually follow and likely to be totally uninteresting to me.

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