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Month: July 2024

A Much-Needed Perspective on Investors

A Much-Needed Perspective on Investors

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Image by Stefan Schweihofer from Pixabay

We were in an online webinar recently, with a young investor as the guest speaker on the virtual dais. He is a former founder with several failures and one success under his belt. Given the fact that he has sat on both sides of the table, we were particularly curious about his investment approach, especially since he is a partner in a quite large fund.

While he is new to the investment side of the table, he has already developed his philosophy: if he is predisposed to investing in a company, he advises the founder to get some traction – meaning paying customers – and check back with him in a few months, whether the founder had achieved this or not. After said time, provided the founder is in the same position monetarily, he advises a pivot.

He does position himself as a very early-stage investor. Maybe not back-of-the-napkin, but fairly close. Read More...

The Odd Timing of the CrowdStrike ‘Error’

The Odd Timing of the CrowdStrike ‘Error’

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Image by Gerd Altmann from Pixabay

“In what will go down as the most spectacular IT failure the world has ever seen, a botched software update from cybersecurity firm CrowdStrike Holdings Inc. crashed countless Microsoft Windows computer systems around the world on Friday,” Yahoo!finance (and all other publications on the planet) reported. “The catastrophic failure underscores an increasingly dire threat to global supply chains: The IT systems of some of the world’s biggest and most critical industries have grown heavily dependent on a handful of relatively obscure software vendors, which are now emerging as single points of failure.

Total recovery from CloudStrike failure ‘could take weeks’ amid more flight delays, said The Independent.

Those are the facts. And then there’s CrowdStrike itself, emerging again as a problem in yet another election year, and if ever there was a company appropriately named… Read More...

The Importance of Transparency

The Importance of Transparency

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Image by OpenClipart-Vectors from Pixabay

We’ve found that in tech, founders/the tech press, etc, in many cases, have a bad habit of stretching the truth, let’s call it, or at least of altering a narrative to suit their purposes. It’s top-down and the members of the tech cabal do it constantly – often with the willing assistance of the tech media, who let’s say tend to shy away from presenting the full picture.

Last week, “Microsoft and Apple (gave) up their OpenAI board seats,” MSN reported. “Microsoft reportedly told OpenAI that it’s confident in the direction the company is taking, so its seat on the board is no longer necessary.”

That’s the snapshot, which is often as far as many readers get, and let’s not forget that MSN, or Microsoft News, is a Microsoft property. Read More...

The Chevron Doctrine Reversed: Tech Shows Its True Colors

The Chevron Doctrine Reversed: Tech Shows Its True Colors

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Image by Dmytro from Pixabay

Did you feel it? Tech’s tectonic plates shifted last week when the Supreme Court of the United States overturned the Chevron Doctrine, as it’s known, 6-3.

“Since the New Deal era, the bulk of the functioning US government is the administrative state — think the acronym soup of agencies like the EPA, FCC, FTC, FDA, and so on. Even when Capitol Hill is not mired in deep dysfunction, the speed at which Congress and the courts operate no longer seems suitable for modern life,” said The Verge, and spoken with the myopia/agenda of a true tech publication.

The same has been said of the U.S. Constitution, but never mind that for our purposes here, and which we only mention as an homage to U.S. Independence Day this week on July 4. Read More...