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It's the same math as bricks & mortar if the game you are playing is cash flows. If the game you are playing is roulette and waiting for your big win then the math is pretty simple - keep wagering until your lucky number comes up. There's just a disagreement about what the venturing game is.
4 days, 4 hours ago on It always comes down to math
Maybe there are other graduation speeches. But there is no question on which commencement address stood heads and shoulders above the others. Is their any doubt about which one will be listened to and stand the test of time as one of the greatest grad speeches given ever? The delivery and advice Steve Jobs gave was masterful. It is the only speech I can recall of his where he dropped his manipulation tools and gave a talk intended to offer his best personal advice to an audience just starting their lives out, versus serving some other agenda where he held an interest (i.e. Apple's benefit). Incredibly genuine & generous.
1 week, 4 days ago on Five tech commencement speeches from the last five years
Information and energy are siblings separated at birth (the big bang). Information without energy is ineffective and unimportant. Energy without information is purposeless. The best happens when you connect them. Each needs the other.
2 weeks, 2 days ago on The economics of energy, industry, and the Internet
Let me get this straight: investment industry overserving current market (VCs throwing boatloads of money at same fifteen rockstar startups), large underserved market below (scrappy, iffy startups). According to Disruption Theory this sounds like fertile ground for a new finance entrant with a business model targeting the underserved, and that grows up from there.
3 months, 4 weeks ago on The VC’s paradox: We can’t all be black swans
In many fields, the leaders are becoming older. In the early 1900's 60% of physics laureates did their prizewinning work before turning 40yo, at the late 1900's only 19% did. Chemistry laureates before 1905 did their seminal work at average age of 36yo, after 1985 they averaged 46yo. [ref: WSJ "The 'Eureka' Moments Happen Later"]. The critical factor seems to be if the field is brand new or has been around a long time.
4 months ago on A world safe for 39-year-olds
If there's a theme song for this, I'd pick Steely Dan's "Everything Must Go". http://www.youtube.com/watch?v=d2nbAtceHqw
5 months, 4 weeks ago on The last day
Training new management for NYC branch?
5 months, 4 weeks ago on Chris Dixon is not only joining Andreessen Horowitz; he’s leaving New York
You nailed it! The tangible world is changing so fast that it will be unrecognizable in just a few years time. For those who make it their business to look forward, heed this observation. There's a land grab underway, and the best spots in this new space are being claimed right now.
7 months, 2 weeks ago on It’s Time to Stop Saying Hardware Is a Commodity Business — Only Bad Hardware Is a Commodity
Very smart. I wonder if they are capable of doing something like this?
9 months ago on Best Buy Needs to Fund the Hardware Revolution by Launching a Kickstarter Competitor
I'd like to hear the whole interview sometime.
1 year, 1 month ago on Roger McNamee: ‘What Is Google So Afraid Of?’
Wonder if the type of companies invested in will change - or just earlier in the process with the same ones.
1 year, 1 month ago on Kleiner Perkins Partner Aileen Lee Starting a New Seed Fund
It brings new money into the system. Businesses with plans that don't match the billion dollar exit or acquihire models currently required for funding may find another opportunity. Financially viable cash-flow generating businesses, revenues in the low double digit millions, regionally-restricted products/services can find supporters. These are largely untouchable via traditional financing sources. I'm withholding judgement on this bill and hoping to see new innovations created and being pleasantly surprised.
1 year, 1 month ago on Welcome to the Wild West of Suckers, Lawyers, and Snake Oil Salesmen