Sita: A Novel About Women Spanning Five Generations And Two Geographies (CrowdFund)

Sita: A Novel About Women Spanning Five Generations And Two Geographies (CrowdFund)

Sita: A Novel About Women Spanning Five Generations And Two Geographies #crowdfund https://t.co/Ibusw7YuC4 Pitch in, please! @fredwilson @albertwenger @thegothamgal @aweissman @bfeld @msuster @dens @naveen @chelsa @nihalmehta @Hadley @reshmasaujani

— Paramendra Kumar Bhagat (@paramendra) April 28, 2022

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https://t.co/VEH0byPN5p

— Paramendra Kumar Bhagat (@paramendra) April 28, 2022

@fredwilson @albertwenger @thegothamgal @aweissman @bfeld @msuster @dens @naveen @chelsa @nihalmehta @Hadley @reshmasaujani https://t.co/VEH0byPN5p

— Paramendra Kumar Bhagat (@paramendra) April 28, 2022

@alexahirschfeld Can I ask you to be the first to contribute? https://t.co/8TMPQ2GrT9 Pretty please!

— Paramendra Kumar Bhagat (@paramendra) April 28, 2022

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https://t.co/Ibusw7YuC4 @alexahirschfeld Did I send the wrong link the first time? #sorry

— Paramendra Kumar Bhagat (@paramendra) April 28, 2022

Airbnb CEO Brian Chesky: Code 2018

Fred Wilson And Mark Suster Missing Out On AirBnB And Uber

Mark Suster (Photo credit: Wikipedia)

photo of Paul Graham (Photo credit: Wikipedia)

Fred Wilson (Photo credit: Wikipedia)

Fred Wilson was one of the earliest people Paul Graham reached out to as AirBnB was making its early moves. Wilson said, nah. And here is Mark Suster waxing eloquent on his missing out on Uber.

These are smart guys, well connected. They are VC bloggers I like. What happened? How did they miss out?

They say about companies, you become so good at one thing, you tend to miss out on the next thing.

AirBnB and Uber are alike in that there are physical things in their equations. There are apartments and cars involved. I think they sit on top of a mega trend where software actively interacts with the physical environment. And I feel many more large companies will get created at that intersection.

When you have stellar track records of information only kind of software plays, I guess you don't feel the love for the physical.

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Paul Graham's Black Swans

Black Swan Farming

the best ideas look initially like bad ideas ..... The total value of the companies we've funded is around 10 billion, give or take a few. But just two companies, Dropbox and Airbnb, account for about three quarters of it. ..... we are just not prepared for the 1000x variation in outcomes that one finds in startup investing. .... in purely financial terms, there is probably at most one company in each YC batch that will have a significant effect on our returns, and the rest are just a cost of doing business. ...... You need to do what you know intellectually to be right, even though it feels wrong. .... the best startup ideas seem at first like bad ideas. I've written about this before: if a good idea were obviously good, someone else would already have done it. So the most successful founders tend to work on ideas that few beside them realize are good ..... the vast majority of ideas that seem bad are bad. ..... The fact that the best ideas seem like bad ideas makes it even harder to recognize the big winners. ..... how lame Facebook sounded to me when I first heard about it. A site for college students to waste time? It seemed the perfect bad idea: a site (1) for a niche market (2) with no money (3) to do something that didn't matter. ..... When you pick a big winner, you won't know it for two years. .... fundraising is not merely a useless metric, but positively misleading. ..... We can afford to take at least 10x as much risk as Demo Day investors. ..... The best we can hope for is that when we interview a group and find ourselves thinking "they seem like good founders, but what are investors going to think of this crazy idea?" we'll continue to be able to say "who cares what investors think?" That's what we thought about Airbnb ..... if you're flying through clouds you can't tell what the attitude of the aircraft is. You could feel like you're flying straight and level while in fact you're descending in a spiral. The solution is to ignore what your body is telling you and listen only to your instruments. But it turns out to be very hard to ignore what your body is telling you. Every pilot knows about this problem and yet it is still a leading cause of accidents...... The reason Google seemed a bad idea was that there were already lots of search engines and there didn't seem to be room for another. ..... I was genuinely worried that Airbnb, for example, would not be able to raise money after Demo Day. I couldn't convince Fred Wilson to fund them

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Blogger Khosla

Image via WikipediaVinod Khosla: TechCrunch: The “Unhyped” New Areas in Internet and Mobile

a whole new world of platforms, a post-PC era, which I’d more aptly describe as the always/everywhere era, finally, and that means a whole new set of opportunities ..... the cost of experimentation has gone down dramatically ..... raw computing power is taken for granted. ..... What else new has the potential (nothing is certain!) to be truly disruptive or establish a new category in the domain of consumer Internet/mobile/services (which to me are fast becoming interchangeable)? ...... AirBnB and Instagram would be examples of companies whose categories existed prior to their entry, but they are meaningfully different. ...... I call them the “unhyped dozen” (to go with my energy investing activities, which I call the “clean dozen”) ...... (1) Data Reduction or Filters (Siri) (2) Big data or Analytics ... There will be countless new types of data streams .... Much has been written about big data and it and may be getting past the unhyped label! (3) Emotion (Foodspotting, Ness, Instagram) (4) Education 2.0 (Khan Academy) ... “Education models that dramatically reduce the cost and increase the availability of quality learning.” The puzzling question is why education has not already changed. (5) TV 2.0 (6) Social Next (7) Interest-based networks (Twitter) (8) Health 2.0 (9) Internet of Things/Universal ID/NFC/Smart sensors.... The network of things is supposedly growing faster than any other network, social or otherwise. (10) Personal Collaborative Publishing (Pinterest, Tumblr) ... Self-publishing on Amazon is becoming real, removing the gateway of traditional editors and the tax of traditional business models. Where will this lead? Books, especially non-fiction, can become more interactive, crowdsourced (ck12.org), social and collaborative. (11) Utility Apps (Siri) (12) Marketplaces & Disintermediation (Etsy) .... Why does Tom Freidman need The New York Times to get readers ................. We as investors have seen Square take off at an unprecedented rate (so far) for a payments startup, but in terms of relative scale, even Square is dwarfed by Mpesa — it is 20% of Kenya’s GDP already (using a totally different model than Square). Meanwhile in India, their UID system could remake the concept of “cash”....... Tools and services that used to be inaccessible to all but large manufacturers are now available to everyone. Foreign factories that were impenetrable before are now an email away. Design software costing thousands of dollars per seat is freely available (or very cheap). Hackers are mixing all of these elements together and re-imagining entire industries from the ground up. ..... the next industrial revolution ...... “The under 25” who don’t know what they don’t know, mostly have not worked at what traditionalists would call a “real job” and are not afraid to try new things ..... the rate of change is accelerating and the possibilities are endless!

The Clean Dozen
Artificial Intelligence
Teachers Or Algorithms

Why the Interest Graph Will Reshape Social Networks (and the Next Generation of Internet Business)

Vinod Khosla At MIT
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One House Got Trashed

Image via WikipediaIn one of the greatest novels of all time - One Hundred Years Of Solitude - there is this village that is so new that not one person has died yet. And then one day that first person to die dies. That is what I am getting reminded of with the Airbnb scandal. It is not even a scandal. Have perspective, people. It was only a matter of time before something like this happened. The important thing is the right follow up takes place. The police get to do the follow up. Airbnb does the right follow up. And next.

USA Today: Plot thickens in Airbnb vacation rental horror story: a San Francisco blogger named "EJ" wrote a riveting account of how she returned from a week-long business trip last month to find that her home had been ransacked and trashed by a paying guest she'd connected with through the online rental agency Airbnb

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• SFPD Arrests Suspect In Airbnb Rental Trashing (tech.slashdot.org)
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• Airbnb Rental Mess: Why It's Not About The "Stuff" (centernetworks.com)
• Airbnb: Is it a fad, or will it revolutionize how you travel? (slate.com)
• The Moment Of Truth For Airbnb As User's Home Is Utterly Trashed (huffingtonpost.com)
• The Airbnb horror story continues (digitaltrends.com)
• Airbnb horror story goes from bad to worse (news.cnet.com)
• Airbnb horror story goes from bad to worse (news.cnet.com)
• Airbnb users home trashed, company sorry though (gadling.com)

Some Table Tennis

(Via Joe Gebbia)