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They don't teach risk/reward in MBA school. Many VCs follow the herd. When I traded my own money in a trading pit at CME, I saw the same thing. There were a few great traders that truly did imaginative stuff and took a lot of risk-and then there were the other ones that followed them and lived off their trailblazing.
It's trite to say you have to think out of the box. But, the reality is most people don't.
1 month, 1 week ago on Dave McClure, Risk Taker
Private markets are more efficient than government run ones. They will provide access to more care at cheaper prices. The problem with government run health care is it looks at controlling "cost" which is not the same thing as "price". When you are younger, you need a different kind of health care plan than when you are older. Govt run health care is one size fits all. For example, I have to buy insurance against autism, pregnancy insurance etc-even though my wife and I are over 50. But the state mandates it for private insurance. Totally inefficient.
Younger people need less health insurance. Under Obamacare, they will be forced to subsidize older people. That's just one problem. There are far too many and while we certainly needed health care reform in the US, Obamacare did nothing to reform it so health care works better for citizens.
1 month, 2 weeks ago on Just because I don’t understand American healthcare doesn’t mean I shouldn’t provide it (Or: Screw You, Papa John)
New York taxes aren't exactly a bowl of cherries. Chicago is cheaper-and NY Cali and IL have the same pension crisis.
2 months, 3 weeks ago on Because of asset seizures, I am starting my new company outside California
Problem is the stats were manipulated. There is no real scientific evidence of global warming. The scientists won't subject assumptions or their studies to open peer review. http://pointsandfigures.com/2013/03/16/global-warming-is-bs/
3 months ago on Climate Change, Remixed: Make your own explainer with our interactive, remixable video
and I wouldn't rule out $GRPN becoming Groupon 2.0. Losing Mason must be a sign they are revamping their executive suite. They have a lot of cash on the balance sheet, and a lot of Big Data on customers.
3 months, 1 week ago on Groupon may be the ultimate goat right now, but mark my words: We’ll see a Groupon 2.0
check out walk.by
goes back to structural holes, setting up a company for brokerage or closure. She needs to revamp corp culture, and the best way to do it is bring everyone back under one tent. I blogged about it here. http://pointsandfigures.com/2013/02/28/is-marissa-mayer-against-womens-rights/
3 months, 2 weeks ago on Newsflash: Marissa Mayer isn’t a dictator. She runs one company. Shut up and let her
@Alvaro T @bgoldberg I am with Mr. Goldberg. It's a normative judgement as to what is ethical and humane, and what is not. Do you eat vegetables that have been fertilized? Some people would say that's not ethical. Most of the videos on YouTube are sensationalized. Anytime we kill an animal, most people wretch.
3 months, 3 weeks ago on Screw you, California — I ate foie gras last night. At a restaurant
@tmerrifi Yum. Fois Gras. Would eat it every day if I could afford it.
you are correct, a distraction. If you are going to check out NYC, you ought to check out Chicago. We have some tough fiscal problems but it's cheaper than both NYC and California, and we eat better too! We banned fois gras, but brought it back-so there is hope. One of these days they will legalize unpasteurized raw milk.
depends. the founders of lightbank went to law school. it creates an entrepreneurial mindset and way of thinking even if you don't practice law. going to business school is a smart idea if you choose the right business school. many kids aren't ready for the real world after high school-maturity wise or knowledge wise. college allows them to grow up-as long as they approach college with the right mindset. (I have two kids in college). The maker mentality is correct-content is king as long as it creates value. How do you know Spanish wouldn't be an asset? I would agree, majoring in a soft major like Sociology is pretty stupid and a total waste of time at college. Other softer majors like Poli Sci strike me as dumb-since governments produce nothing. I also agree this generation is screwed. But, it's not as negative as you portray.
4 months, 4 weeks ago on Young people are screwed… Here’s how to survive
here is one problem. Each individual investment is independently and identically distributed (iid). The probability that any one start up knocks it out of the park is about the same at seed stage. So, spreading bets makes a lot of sense. because of the math behind funds, hitting only singles and doubles becomes a riskier strategy than going for more home runs.
4 months, 4 weeks ago on The VC’s paradox: We can’t all be black swans
you can do similar on alltuition.com
5 months, 2 weeks ago on Attention student loan borrowers: Tuition.io opens its doors to manage your repayment
Been there done that. Very nice summation. Fortunately, my girl stayed with me.
6 months, 4 weeks ago on The last day
@chaselimousine Competition stinks doesn't it. Create something cooler. People will use it.
7 months, 2 weeks ago on Proposed Chicago Regulations to Shut Down Uber Black – We Need Your Help!
I disagree. You don't build companies just for the poor. You build companies that create value. The nerds in certain countries will build companies to solve different problems than SV. Capitalism has lifted more people out of poverty than anything else. Big government doesn't work, and big government programs don't work. Only entrepreneurs taking risk creates value for everyone. Value in product, and value in jobs.
7 months, 4 weeks ago on Why Bono is almost right about the healing powers of capitalism
Interesting. @kapowevents is doing a similar thing in a different space.
8 months, 2 weeks ago on No More Lame Fruit Baskets from Your Boss: Wantful Goes Corporate
there is a lot here, and I like it. Corporations have to be prepared to work with start ups. Big companies should actively engage with start ups, because they can create an ecosystem around the company (network effects) and because it might be cheaper to innovate outside the company than inside the company.
Additionally, your points on SV vs the rest of the country are well taken. If we are talking about it, we don't have it!
8 months, 2 weeks ago on Startups to Brands: “We’re Not Your Creative Agency”