List Archive | Startup One Stop

Fake It Till You… Meh – Scratch That

April 25, 2023 Bonnie Comments 0 Comment

Fake it till you make it has been the credo of the tech industry since the very earliest days of the industry. Make big promises and bold statements and no matter that the product may end up as shovelware of vaporware, founders were inventing the future and no matter that investors who bought into the hype were expecting big payoffs that often didn’t happen. You pay your money, you take your chances. So it goes.

Erin Griffin wrote an excellent piece in The New York Times recently entitled The End of Faking It in Silicon Valley and it’s must-read. “Faking it is over. That’s the feeling in Silicon Valley…Not only has funding dried up for cash-burning startups over the past year, but now, fraud is also in the air, as investors scrutinize startup claims more closely and a tech downturn reveals who has been taking the industry’s “fake it till you make it” ethos too far… the chorus of charges, convictions and sentences have created a feeling that the startup world’s fast and loose fakery actually has consequences.”

Gee, who’d have thought? Considering that California was basically founded on the Gold Rush, and the tech space was essentially the state’s second Gold Rush, didn’t investors realize that during that first Gold Rush, many were taken in by Fool’s Gold? History does have a way of repeating itself, and if it worked the first time… Read More...

How to Fail Spectacularly

April 18, 2023 Bonnie Comments 0 Comment

There is a place called The Museum of Failure and as the Failure Report noted, “The Museum of Failure is a collection of failed products from the United States and worldwide. They have exhibited everywhere from Sweden to Shanghai. Most products and startups fail, unfortunately, and the museum showcases these failures to provide “a fascinating learning experience.” Every item gives a unique insight into the risky business of innovation. The goal of this kitschy museum is to stimulate productive discussion about failure and consider the possibility of risk.”

The exhibit is making the rounds globally and is in New York until May.

Crystal Pepsi, anyone? Pass. Read More...

The Long Tale of the Shortcut

April 4, 2023 Bonnie Comments 0 Comment

Image by Roland Schwerdhöfer from Pixabay

Bill Gates was a college dropout. Steve Jobs quit after one semester. Mark Zuckerberg didn’t finish, either. So it was no wonder that, when the tech sector rose to prominence, kids believed that dropping out of college and starting a company was de rigueur for success in life. And to be wealthy and lionized.

The Age of Social loved tech ‘luminaries’ such as Zuck and Jack Dorsey and how convenient that their genius could be amplified on the very platforms they created. Tech founders were the rockstars of the computer age.

We know things move faster in the online world, but how did these guys get so rich and powerful in so short an amount of time? Read More...

How I Learned to Stop Worrying and Love ChatGPT

March 28, 2023 Bonnie Comments 0 Comment

The reference is to Stanley Kubrick’s Dr. Strangelove or: How I Learned to Stop Worrying and Love the Bomb.

We were a bit under the weather this past week, and unable to do our usual research due to the raging headache associated with this flu. So, it was suggested that why didn’t we use some iteration of ChatGPT to compose this week’s editorial?

Well, we did keep up with some articles, and here are just a few re Generative AIs: Read More...

Lessons from the Silicon Valley Bank Demise

March 14, 2023 Bonnie Comments 0 Comment

This begins with a tale of one of our readers who had customer support problems with three different platforms:

A payments platform – wrong bank account#, contact email, plus phone# attached to a different account.

A hosting service – the reader had a new phone and was setting up the email account. Read More...

Charge!

February 28, 2023 Bonnie Comments 0 Comment

We recall back in the day when Facebook hit the zeitgeist in a huge way, it was suggested that the company charge a nominal fee for the service, and we believe it was a dollar a month. Easily affordable in most countries, and why not to bring family and friends closer. Of course, there are countries where a dollar a month is quite steep, and the company opted for eyeballs uber payment and they’d make their money via tracking you and offering up adverts.

As a note to self and a cautionary tale to founders: best to bake in the revenue model/premium services early in the game, as did, say, LinkedIn, who, when they hit a tipping point long ago – a year or two after funding – the company did maintain a free version, but also introduced a premium model and people were willing to ante up. It seems to have worked. We do believe that the company is still around. And with multiple revenue spokes. Also a good idea.

Re Facebook. Well, times change, as has Apple’s advertising policies: the company’s anti-tracking protections cost Facebook, now Meta, some $10B in ad revenue last year. Read More...

Software Is Cheating the World

February 14, 2023 Bonnie Comments 0 Comment

For some time now, the members of the tech synod have been considered to be the smartest guys in the room. They seem to just know what’s best for the world on all fronts and never mind that there is a difference between science and computer science.

For example, a Mexico-based startup will next week launch sulfur particles into the stratosphere in a “rogue” move to create a “mini-volcano” effect it says could help cool the planet…But experts in geoengineering say the launches set a dangerous precedent for private companies or governments to interfere with the planet’s atmosphere,” MSN reported (Climate change activist goes rogue releasing ‘mini volcanoes’ to cool atmosphere (msn.com)).

Well, consider volcanoes. Massive volcanic eruptions spew billowing clouds of chemicals into the atmosphere and block out the sun, as these ‘scientists’ are attempting to do – which tends to lead to failing crops and starvation. Read More...

Web 2 Oh, It’s Not Over Yet: The Era of the Fakes

February 7, 2023 Bonnie Comments 0 Comment

Image by Clker-Free-Vector-Images from Pixabay

Despite all of the discussion about Web 3, it has been eclipsed of late by Generative AIs such as ChatGPT, which, according to many an article we’ve seen, is going to make a lot of white-collar workers redundant, as the Brits say. Artificial Intelligence Passes MBA Exam (given by a Wharton professor, FYI) and New ‘Robot’ Lawyer to Represent Defendant in US Court. ChatGPT even passed the US Medical Licensing exam. As we know, it’s also being used to write news articles, tweets and who know what else in startup land, giving new meaning to the term, ‘fake it till you make it.’

When we first got wind of the Generative AI, knowing that it was scraping the internet and well aware of the rampant censorship that has been and is being practiced by the social networks, all of whom have had a stranglehold on the conversation for quite some time, including the pre-Musk Twitter, YouTube and Facebook, we knew this would be a problem. And lest we forget, the programs tend to be written by programmers who have a certain bias, or whose C-Level has a certain bias, and in case you missed it: The damage done to the credibility of AI by ChatGPT engineers building in political bias is irreparable. The AIs will always have human biases, because it’s humans who are creating it.

Generative AI isn’t the only thing that’s faking it. Getting more sophisticated and no doubt soon to hit that same tipping point are the Deepfakes, both visual and audio. For how many years has Big Tech been capturing your face and voice? “With no barriers to creating AI-synthesized text, audio and video, the potential for misuse in identity theft, financial fraud and tarnish reputations has sparked global alarm,” the Japan Times reported. Read More...

Are We Truly Prepared for Generative AI?

January 17, 2023 Bonnie Comments 0 Comment

We’ve been postponing covering ChatGPT as it is still relatively early days, although elements of it – re AI – have been there for quite some time. OpenAI’s ChatGPT is a definite disruptor, even more than Facebook was in its day, when it heralded the Age of Social, but this time, sans Mark Zuckerberg’s ego and/or iron-fisted control. Yet, or as far as we know. But when was the last time we stopped and considered the dystopian side of the shiny new thing before we realized that, say, our privacy and personal data would be gone, perhaps forever, or worse, thanks to, say, a communications assist?

As a writer, we will tell you that, while AI may correct our typos, since we key so quickly, great. As for its grammatical suggestions or recommendations for completing a sentence or thought? AI is clearly not an original thinker and is wrong 90+% of the time – without exaggeration. Read More...