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Dropping the money OS is actually very forward looking. If you believe Jean Luc Piccard, and I do, he says that in the future the acquisition of wealth is no longer a driving force since all material want has been eliminated. Instead it's the pursuit of self-betterment that is the motivation of people in the future.
1 month, 2 weeks ago on Operating on a character driven OS
The entire attitude around HW startups will change the moment great exits start rolling in. But who are the exit equivalents for HW like Google, Yahoo, Microsoft are for SW?
2 months, 1 week ago on Hardware is the new software? Nope, says Marc Andreessen. “It’s called hardware for a reason — it is hard”
Many transactional businesses had incumbents pushed aside when technology brought the unwashed masses into their industry, through new distribution and marketplaces (print media, recorded content, broadcast, IT, news, sharing-hotel/cabs, brick&mortar retail, ...). In general, it resulted in a larger overall industry (but perhaps less total profit). The focus now is on startup investing.
A question remains whether newbie smallish investors with sudden access can stand to be in a game where they could lose their money. The popularity of Las Vegas and the stock market suggests yes. Now patience for a 10-year fund payout, maybe no - need faster solutions.
More money is usually good news.
2 months, 1 week ago on AngelList syndicates are changing seed investing, whether VCs like it or not
2 months, 3 weeks ago on Conversation @ http://www.entrepreneur.com/article/228246
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.
7 months 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.
7 months, 1 week 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.
7 months, 1 week 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.
10 months, 3 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.
10 months, 3 weeks 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
1 year ago on The last day
Training new management for NYC branch?
1 year 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.
1 year, 2 months 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?
1 year, 3 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, 7 months 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, 8 months 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, 8 months ago on Welcome to the Wild West of Suckers, Lawyers, and Snake Oil Salesmen