Leaning In
This morning brought news of Amazon’s (via A9) acquisition of yet another innovative start-up. They bought SnapTell, the service that allows users to snap a picture of a bookcover and see pricing for that item at online stores (B&N, eBay, Amazon.com) as well as information at Google and Wikipedia.
Amazon’s continued land grab of promising book-related start-ups has a feeling of inevitability in it. Who else has the cash and the vision to buy this companies?
Processing. Processing…
I can’t think of anyone who is leaning into the changes in the industry as aggressively as Amazon is.
Ingram? They are amalgating their businesses and aren’t yet ready to buy new ones.
B&N? Perhaps too conservative. Perhaps too poor. Perhaps a culture predisposed to build and not to buy.
Indigo is the only company in the world I can think of that that is well positioned to rival Amazon in acquisitions. They are out of debt. They have direct long-term interest in this space (unlike Apple or Google). They have shown a willingness to both innovate (Shortcovers) and expand (Pistachio). And they have experience merging with another company (Chapters — whether that merger is successful however is debatable).
So what’s holding them back? Vision? Leadership? A regional mentality? My bet is there are people in the organization that could lead Indigo’s acquisition of start-ups but those people and those ideas and those companies aren’t finding their way in front of the decision maker(s). Call it a chilling effect. If you are a VP and you bring forward an idea that fails, you wear it. That is the downside of the sole-proprietor model. Shame.
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