The impending Age Of Abundance was prophecied in the scriptures thousands of years ago.
Sunday, April 03, 2011
Jessica Mah: The Most Promising 19 Year Old Tech Entrepreneur In America
Or maybe she is 20 now. But still. Daniel Gross and Jessica Mah you have you to watch out for. Jessica's InDinero, the Mint.com for businesses, is headed for a hundred million plus kind of exit in a few years. Daniel will be swimming in the billion dollar range, if only because his product, Greplin, is just more fundamental. But Jessica has started by monetizing from day one. Three years from now they will not be by the roadside, a has been. They will be bigger than anything we can imagine right now.
Mike Yavonditte: An Hour Of Video
Okay so it is not an hour of Mike. When you have Jason Calacanis doing the interviewing, the guy feels like he is half the guest himself, and so this is 30 minutes of Jason and 30 minutes of Mike. But it's a good interview. Jason being an entrepreneur himself has really been able to bring out the story from Mike. It was an hour well spent for me.
Anup Kaphle: Cricket Is Not Baseball, Stop Comparing
"Understanding cricket is not that difficult — just stop comparing it to baseball."
- Anup Kaphle
India Beats Sri Lanka To Win Cricket World Cup
- Anup Kaphle
India Beats Sri Lanka To Win Cricket World Cup
Technology And Social Justice
Technology, on its own, ends up magnifying the status quo of social inequality. That was a comment I made to a post by The Gotham Gal a few days back.
Owning Equity, Owning House
Image via CrunchBaseChris Dixon: Eric Ries: a downturn will come in the next few years (most likely not a true revenue/profit downturn but early stage valuation + coolness downturn) ..... one of the worst things happening now is that companies lie to employees and only tell them the # of shares they own and not the % they own ...... the 21st century will be about convincing people that they should think about owning part of their employer the same way people in the 20th century wanted to own their house ...... the idea of creating a stock exchange where when you bought stocks you were force to hold them 4-5 years ...... he was probably the smartest and most interesting person I've heard in years ...... us "liberals" (me, Eric, Fred Wilson) who believe that hedge fund managers should pay the same tax rate as firefighters who run into burning buildings are in radical agreement about increasing the carried interest tax. Unfortunately every other VC seems to disagree with us. Looks like we lost this one and so need to move on. +1 for aristocrats. ..... ) being more scientific about how to help these companies succeed on less capitalChris Dixon does not think we are in a bubble. Neither do I. But I was surprised to learn he also thinks we are a few years from a downturn, what I have called a mini bubble burst. It will not be like 2000 when it looked like the entire industry collapsed. But there will be plenty of winnowing out.
A Surprising Blog Post From Fred Wilson
Image via WikipediaFred Wilson: Going Out On Top: Then, at the top of their game, LCD decided to call it quits. They played four shows this past week at Terminal 5, and then played their last show ever at The Garden last night. It's over now. As we watched the band put on a fantastic show last night, I was thinking about going out on top. So few manage to do it. Shaq is warming the bench in Boston. ..... The money and the burning desire to "win another one" drives the great ones to stick around too long. ..... I look at Warren Buffett and Rupert Murdoch and I see individuals still enjoying the work and delivering for their shareholders and investors into their 80s. ..... But I also look around the venture capital business and I see investors who were at the top of their games in the 90s struggling to remain relevant. ...... How do you know when you've done your last great startup? How do you know when you've done your last great investment? How do you know when you don't have the drive, hunger, and insights to keep delivering top performance? ...... Right now, coming off two weeks of totally relaxing vacation with my family, I find myself up early, thinking, writing, and planning. I don't sense it is yet time to hang up my cleats or walk of the stage like James Murphy did last night. But the thought is in my mind and I want it to stay there. The investment business is not easy. You are only as good as your last trade, fund, or year. And the venture capital business is particulary tricky. All the returns in the business accrue to the top ten or, at best, twenty percent of investors. When you lose your edge, your performance suffers, often badly. But it can take a decade for the rest of the world to notice because there is so much latency in the venture capital business.My favorite solo blogger just surprised me like never before. The thought of "going out on top" seems to have crossed his mind.
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