The Invention of Money
As investors, we’ve found that if the founder can’t teach us their business in an hour or less, it’s not clear they will ever be able to convince future customers or employees either.
Bird and its fellow electric scooter providers have experienced a meteoric rise because of a simple premise: a scooter you rent spontaneously for a short period of time that you don’t have to take care of or worry about when you’re not riding it. A monthly program like this, where I’m encouraged to use it every day and liable for its well-being, injects all sorts of complications. It betrays the breezy, carefree pillar of the “micromobility” trend that is, effectively, Bird’s core business.
A new study suggests that reforesting an area the size of the United States could remove from the atmosphere between one and two thirds of all the CO2 we have put there since the start of the industrial age.
The basic economics of moving human beings and stuff around the physical world at the touch of a button is not an obviously profitable enterprise.
Our work has real impact that spans beyond the pixels we put on the screen. When we help our clients to achieve their goals, we must take responsibility for the part that we’ve played, whether for better or worse.
Consumers are so used to inexpensive things being bad that mediocrity doesn’t stop them from rating them as perfect.
quand vous dépensez sur Kickstarter, ce n’est pas un achat ou une précommande, c’est un investissement.
Writing in the 18th century, Edmund Burke described patronage as “the tribute that opulence owes to genius”. Today it is the spare change millennials pay podcasters.
There’s something uniquely American about believing that with a little bit of hard work, anybody can make money fast.
Nature’s answer to those who sought to control nature through programmable machines is to allow us to build machines whose nature is beyond programmable control.
In Silicon Valley, people are allowed to be strange. In fact, they are often celebrated for it.
despite all the evidence to the contrary, the notion that stress is ‘good’ for performance is still being peddled by management textbooks
consommer un euro de numérique en 2018 induit une consommation d’énergie directe supérieure de 37% à ce qu’elle était en 2010.
As a fund manager it’s never a good day to lose LP’s money, but if you do you better not solely rely on your quarterly “newsletter” to let them know that
No boss is going to admit that on Friday nights they consume pizza and watch box sets of “Game of Thrones”. Instead they claim to meditate or read improving books. Many business profiles resemble medieval “lives of the saints”, with the subjects of the hagiographies receiving share options instead of canonisation.
According to the UN, e-waste is now the world’s most rapidly growing waste source. China generated 11.1 million tons last year and the US 10 million tons.
Silicon Valley is a place where all of us got opportunities for things we were not qualified for, so the idea that women need special training is crazy.
I think the truth criterion “convincing arguments for intuitions” has been a bad influence on AI. It conflicts with science’s better criterion “neutral tests of hypotheses.” It has repeatedly led AI into making exaggerated claims based on inadequate evidence. I’ll suggest that analytic philosophy’s dysfunctional relationship with neuroscience has misled AI as well.
Economically, AI research has been well worth the money spent on it.
But, the meaning of a word is in its use. “AI” is used to mean “complicated or hypothetical software that might be amazing, but we don’t understand why it works.” That simply isn’t engineering.
En matière fiscale, il faut éviter les débats sur le sexe des anges, être pragmatique et proposer quelque chose d’adapté à chaque usage de cette étonnante ressource numérique qu’est le bitcoin. Après tout, le fisc ne traite pas l’or de manière unique selon qu’il est dans une mine, dans une prothèse dentaire, dans une pièce de monnaie antique ou contemporaine, dans un bijou, dans une antiquité, dans un composant électronique ou dans un produit financier !
The paradox of wealth is that people tend to want it to signal to others that they should be liked and admired. But in reality those other people bypass admiring you, not because they don’t think wealth is admirable, but because they use your wealth solely as a benchmark for their own desire to be liked and admired.
the less friction present in a system, the more you see people default to an if/else decision profile. You get winner-take-all effects, or at least winner-take-most, in the ‘else’ category.
the opportunities to increase profit per employee are unprecedented in a digital economy, where intangible assets are a rich source of value. Opportunities to improve ROIC to an equal extent are hardly as plentiful.
“your return is driven by your winners, and your reputation is driven by how you handle everything else.”
Bitcoin would be majority attacked if it became sufficiently economically important — e.g., if it became a “store of value” akin to gold — which suggests that there are intrinsic economic limits to how economically important it can become in the first place.
This became a kind of cultural commons that people could draw on to understand communicating through a technology. When you called someone, if the person was there, they would pick up, they would say hello. If someone called you, if you were there, you would pick up, you would say hello. That was just how phones worked. The expectation of pickup was what made phones a synchronous medium.
Compared to those who spent one to six nights a month away from home for business travel, those who spent 14 or more nights away from home per month had significantly higher body mass index scores and were significantly more likely to report the following: poor self-rated health; clinical symptoms of anxiety, depression and alcohol dependence; no physical activity or exercise; smoking; and trouble sleeping. The odds of being obese were 92% higher for those who traveled 21 or more nights per month compared to those who traveled only one to six nights per month, and this ultra-traveling group also had higher diastolic blood pressure and lower high density lipoprotein (the good cholesterol).
Unfortunately, coyotes are too smart for their own good. They are, to use the wonderful Brit phrase, too clever by half. They are, to use a post-modern, TV reality show lingo, not good in the meta-game. And the meta-game has turned against the coyotes with a vengeance.
Felker and Wolfe also understood that the people who like to read magazine stories about status are the people who are insecure about their status. Flush economic times produce people like this, people who worry that their money is not buying them standing
Agile development approaches are not inherently harmful. Organisations attempt to incorporate values into the method. But when non-diverse teams use agile methods they often have ethical blind spots (wilful and not) that can embed harm in their invention (diversity is a competency!).
Perhaps more than anything else, what has sucked all of the joy out of the social internet in its current form is its exhortation to be useful. We have arrived at a version where everything seems to be just another version of LinkedIn. Every online space is supposed to get you a job or a partner or a stronger personal brand so you can accomplish the big, public-record goals of life.
The truth is that we totally have screwed over younger generations. And that’s a bigger story than just the social-media and tech thing, but the social-media and tech thing is a big part of it. We’ve created a scammy society where we concentrate wealth in ways that are petty and not helpful, and we’ve given them a world of far fewer options than we had.