Take a look at Capital And Main for the podcast version of this, and the original appearance of these ideas, among far more interesting ones. And to it… Whether it takes 15 years or 50, it is almost certain that self-driving cars will be on the road within my lifetime. Waymo, the Alphabet company, is at 3 million test miles driven. Uber, BMW, Cruise (in partnership with General Motors), Mercedes, Volvo, Nissan, Ford, and others […]
They call it a Cambrian moment. These days, every city worth its salt comes with a startup ecosystem: co-working spaces and accelerators mark emerging hubs across the United States and around the world. Since The Social Network, high school students have grown up with the legend of the college dorm room startup as a central narrative. From healthcare to insurance to apparel to food, it seems as though there is a startup for every piece of […]
They are the among the only lasting advantages in business – particularly in the fast-moving technology environment. And the question about how to grow one is one of the most common pain points for someone early in their career, particularly if they did not get lucky and choose the right company to work for, where the network was built-in for them. So here’s a word: most people wrongly focus on the “network” side of the equation […]
In an influential 1979 behavioral economics paper, Daniel Kahneman and his colleague Amos Tversky developed “Prospect Theory” as a way to make sense of decision-making. The summary of the paper was, if I may, that humans do not make optimal decisions, which normative (”should”) frameworks suggest, but instead have irrational aversion to certain losses, and minimize the probability of other losses. Here’s an example: Here, Kahneman (via Thinking, Fast and Slow) outlines the cases where a […]
Two anecdotes stuck out to me in Derek Thompson’s Atlantic post about “The Four-Letter Code to Selling Just About Anything.” First, the concept that people prefer the image of themselves in the mirror to that in photos. I certainly do, and often feel like I look lopsided in photos. But that makes sense, since I’m seeing the mirror image of what I’m used to seeing. I imagine the same applies to the phenomenon of hearing […]
Over the holiday I was catching up on the unread articles in my browser (time to switch to Pocket/Instapaper… there were almost 100) and I bumped into this one by Bloomberg collecting venture predictions for the most important trend of 2016. I really liked Rebecca’s comment: “2016 was the year the internet quietly sped up″ and haven’t been able to get it out of my head. In the venture community, we often credit Amazon Web Services – […]
The rise of populism, right-wing candidates, and unpredictable jingoism has been correlated in the past with financial crises (quite closely, in fact). My friend Cathy did a great job of exposing this correlation, and noting that perhaps we shouldn’t be surprised about what’s happening in Austria, in Britain, in Italy, France, Germany, and of course the United States. But the surprise, for me, lies elsewhere. A broad swath of U.S. economists would have claimed, as […]
Well, here we are. President-Elect Trump. This past week, I met with a few executives from a portfolio company to discuss the implications of a Trump Administration on the company. The conversation really struck me, particularly a few pieces: At a personal level, they felt compelled to protest and organize, to take a stand against hate and separation. They felt guilty that it seemed like a mutually exclusive choice between being effective business leaders while […]
As recently as last year, smartphone sales globally grew 14%, and while that growth has slowed this year, it is a growth rate on over a billion devices, meaning over 100 million new devices hitting the market per year. That is an extraordinary shift, invites a new paradigm for connecting our world that we are still just beginning to understand. If putting a personal computer in every home enabled the creation of the Internet economy […]
I was having a discussion with my wife this week about this topic – she is in medical training right now, so when she comes from the hospital the topics are always interesting. If you consider someone as a patient, there is a sacred, Hippocratic, oath that defines the relationship. The white coat represents more than a simple transaction, but a level of trust, honor, and responsibility that we have built into our society. As […]
Musings 