Watch Where the Puck Is Going, Not Where It Has Been

Watch Where the Puck Is Going, Not Where It Has Been

The World Wide Web turned 30 this past week. Web creator Tim Berners-Lee marked the occasion by noting that the web is now dysfunctional with ‘perverse’ incentives, while Facebook founder and CEO Mark Zuckerberg seems to have marked it by announcing Facebook’s new pivot to privacy. Trust us, he did not suddenly have a come to Jesus moment. The only pivot here in his manifesto is away from Facebook’s current town square format into one focused more on the ability to have private messages among people and groups, which is the way that Facebook users had been going anyway.

“I believe the future of communication will increasingly shift to private, encrypted services where people can be confident what they say to each other stays secure and their messages and content won’t stick around forever. This is the future I hope we will help bring about,” said Zuckerberg in his manifesto. Read More...

Was Net Neutrality Truly Neutral? Here’s the Score Card

Was Net Neutrality Truly Neutral? Here’s the Score Card

The number of IPOS, pre and post Net Neutrality, from Statista

There’s currently a push on to reinstate Net Neutrality (U.S. Democrats unveil legislation to reinstate net neutrality rules). “The bill mirrors an effort last year to reverse the FCC’s December 2017 order that repealed rules approved in 2015 that barred providers from blocking or slowing internet content or offering paid “fast lanes,” says the Yahoo piece.

The stated promise of Net Neutrality was a “free and open internet” and maintaining “the last mile.” That’s their story, and they’re sticking to it.

In case you haven’t noticed, with the reversal of Net Neutrality in 2017, we haven’t witnessed “blocking or slowing down of internet traffic” by ISPs. Read More...

With the Series A Crunch, Product Market Fit Is the New Black

With the Series A Crunch, Product Market Fit Is the New Black

Marc Michel spoke at one of our recent investor breakfasts. Marc is founder and Managing Director of Runway Ventures.

In this case, runway has nothing to do with fashion. Read More...

The Fine Line Between Culture and Cult

The Fine Line Between Culture and Cult

Erin Griffin recently wrote an excellent piece in The New York Times entitled Why Are Young People Pretending to Love Work? “Never once at the start of my workweek…have I paused, looked to the heavens and whispered: #ThankGodIt’sMonday,” writes Griffin. Yet that is the culture that’s being bred, most explicitly at WeWork (now the We Company), where “Neon signs demand they “Hustle harder,” and murals spread the gospel of T.G.I.M. Even the cucumbers in WeWork’s water coolers have an agenda. “Don’t stop when you’re tired…

“It’s not difficult to view hustle culture as a swindle. After all, convincing a generation of workers to beaver away is convenient for those at the top.” Read More...

Amazon to NYC: Drop Dead!

Amazon to NYC: Drop Dead!

What happens when business and politics meet

The big announcement recently was that Amazon is pulling out of its deal to have New York City become HQ2. A huge loss to the city, in terms of job creation and the benefits that come with a tech giant coming in with its huge and high profile footprint. Of course, NY offered some $3B in incentives to the behemoth. The downside of Amazon’s withdrawal is that New York will lose the taxes that Amazon would eventually pay, and for those of us who have been following the math, Amazon Will Pay a Whopping $0 in Federal Taxes on $11.2 Billion Profits, according to Yahoo Finance. Read More...

Invaluable Lessons Startups Can Learn from Trader Joe’s, a Food Retailer Who Created a Whole New Category

Invaluable Lessons Startups Can Learn from Trader Joe’s, a Food Retailer Who Created a Whole New Category

Ah, Trader Joe’s!

Ever notice the lines at TJ’s? We’re not talking about the ones at check-out. We’re talking about the ones that often spiral around the block, just to get into the store. You’d think that there was a celebrity inside perusing the avocados. Read More...

Surveillance Capitalism: We Are Definitely the Product

Surveillance Capitalism: We Are Definitely the Product

The tech cartel has been labeled many things. “Attention Merchants” being one of them. In her new book, The Age of Surveillance Capitalism: The Fight for a Human Future at the New Frontier of Power, Shoshana Zuboff has designated a new category for them: Surveillance Capitalists. “Surveillance capitalism,” she writes, “unilaterally claims human experience as free raw material for translation into behavioural data.

The Business of the Internet

“When the security expert Bruce Schneier wrote that “surveillance is the business model of the internet,” The Guardian reports, “he was really only hinting at the reality that Zuboff has now illuminated. The combination of state surveillance and its capitalist counterpart means that digital technology is separating the citizens in all societies into two groups: the watchers (invisible, unknown and unaccountable) and the watched. This has profound consequences for democracy because asymmetry of knowledge translates into asymmetries of power. But whereas most democratic societies have at least some degree of oversight of state surveillance, we currently have almost no regulatory oversight of its privatised counterpart. This is intolerable.” Read More...

Is Web 3.0 the Age of Consent?

Is Web 3.0 the Age of Consent?

Web 1.0 was built on smoke and mirrors.

Web 2.0 was built with the user as the product. Read More...

140 Characters Who Helped Shape the Tech World

140 Characters Who Helped Shape the Tech World

It was Peter Thiel who said, “We were promised flying cars. Instead we got 140 characters.” It looks like flying cars may be slowly rolling out, with Singapore’s flying taxi trial set to begin in the second half of 2019, but who the hell are those 140 characters to whom Theil might have been referring? As a co-founder of PayPal and an early investor in Facebook, LinkedIn, Yelp and Quora, he certainly knows what sorts of characters tech can breed.

We’ve been involved in the tech world since the nascent days of Web 1.0 in New York City – with monthly trips to Silicon Valley at the time, as well – and over the years, have encountered many of those characters, upfront and personal, for better or for worse. Of course we have stories to tell, but that’s for a later date and a much longer opus.

Some were true innovators who created platforms and software and devices that forged an entirely new industry. You may not be familiar with their names, but their contributions should never be forgotten. Some forgot their original drivers, whether it was to not be evil or to connect the world, tracked the world’s population in ways and to an extent to which it had never been tracked before, storing it and parsing out that information to the highest and/or any and all bidders, and paying no heed to the concept that we might have the right to be forgotten. Read More...

Web 2.0 Is Now Correction 2.0

Web 2.0 Is Now Correction 2.0

i2clipart.com

Apple announced a downturn in expected revenue, and the market choked. Which followed on the heels of the Facebook stock plunge as a result of its myriad privacy issues.

What happened? Let’s look at the Apple playbook: for years, Apple has released a new iOS ahead of the sales of a new phone. The new iOS slows down older phones, in order to induce people to buy the new one. Which might have a few new features, but not enough to warrant the purchase of a new phone, save that the older models are now artificially slower.

Planned obsolescence. Read More...

Social media & sharing icons powered by UltimatelySocial
%d bloggers like this: