We’ve long been under glaring misconception that the tech uberlords are the smartest guys in the room. Is it that, or were they simply the first guys in the room? Pay attention:
Big Tech has been flexing its muscles more and more, censoring, deplatforming and demonetizing its users, not exclusively for political or ‘inappropriate’ content, or simply coming up with ‘creative’ ways to bring in more for me, but not for thee – because they can.
We know that, certainly since the Age of Social, the platform formerly known as the information superhighway has become a one-way street, but things are shifting and note to self: the cabal is starting to feel the repercussions.Read More...
The Earthquake in Chile: A Parable for a Green World
Speaking of climate, much attention has been given in the past few years to climate change. As always, important to look around, see what the problems are and find the white space. Glaringly obvious this past week were the events in Texas, when a devastating cold snap caused the windmills to freeze and the power grid to fail.Read More...
We’ve mentioned Clubhouse before and attention must be paid: it proved to be a game-changer – big time – the likes of which we haven’t seen in a while. Clubhouse has taken social media into a different direction. While Twitter and even Facebook have been something of town squares, CH is not that: it’s the corner pub or sort of unconference or coffee klatch, where people can wander in and out of ‘rooms,’ at will, and participate, or simply listen and learn.
There’s no doubt that the technology sector has become less tethered to the big cities and major tech hubs – Silicon Valley, New York City and Boston spring to mind – as a result of now long-standing Draconian lockdowns. The exodus from the Bay Area in particular has been well documented. According to The New York Times, They Can’t Leave the Bay Area Fast Enough. After all, The Times noted, “Rent was astronomical. Taxes were high. Your neighbors didn’t like you. If you lived in San Francisco, you might have commuted an hour south to your job at Apple or Google or Facebook. Or if your office was in the city, maybe it was in a neighborhood with too much street crime, open drug use and $5 coffees…But it was worth it. Living in the epicenter of a boom that was changing the world was what mattered. The city gave its workers a choice of interesting jobs and a chance at the brass ring.”
That was then. This is now and precisely to where has the sector gravitated? “They fled to states without income taxes like Texas and Florida,” said The Times.Read More...
It isn’t often that a newco launches that fairly quickly captures unicorn-level attention the way that Clubhouse has. The audio-only social network, which has amassed 2M+ users and $100M in funding in just under a year after launch, seems to have raised the bar by lowering the barrier to participation, meaning, that in most rooms, anyone can raise their hand and, in most cases (depending on the moderator), participate in the discussion. It’s still in beta, so it’s currently iPhone only and invitation only: patience.
“If you could plug into a live conversation about a topic, you’re passionate about, on demand, anywhere in the world, and have an opportunity to not only listen to some of the smartest people on the subject, but also participate with them, would you?” asked Brian Solis in Forbes (The Latest Silicon Valley Unicorn, Clubhouse Raises $100 Million And Also Raises Attention To The Importance Of Audio-Based Social Networking). “…it represents an unquenchable thirst for meaningful community and engagement, especially in light of the chaos and devastation that played out in the forms of disinformation, political theater, and divisiveness across other social networks.”Read More...
There’s no doubt that Bill Gates is considered something of a hero. With his wealth, power and influence, he has never shrunk from addressing some of the world’s most pressing problems. And he certainly has the wealth, power, influence – and hubris – to do just that.
The Microsoft Days
Back in the olden days of tech, there was a company called Microsoft, which is still around, but in the olden days, the CEO was the company’s founder – a Harvard drop out named Bill Gates, who stole his operating system from Xerox Parc (as did Steve Jobs). Back in the Bill Gates days of MSFT (before he turned the CEO spot over to Steve Ballmer no doubt due in no small part to the government’s antitrust case against the company), MSFT was known for basically three overarching things: products that didn’t work/were buggy/caused the air-sucking blue screen of death, as they were often released before their time; their predatory habits (in those days MSFT was referred to as the Evil Empire); and their desire to crush all competitors. Their charge was basically to win at all costs and if you believe that Gates has changed, here’s a must read: Bill Gates’s Philanthropic Giving Is a Racket.
Here are some of the verticals on which Gates is focused:
Education: Notes The Federalist (Bill Gates Tacitly Admits His Common Core Experiment Was A Failure), “Since 2009, the Gates Foundation’s primary U.S. activity has focused on establishing and implementing Common Core, a set of centrally mandated curriculum rules and tests for what children are to learn in each K-12 grade, with the results linked to school and teacher ratings and punitive measures for low performers. The Gates Foundation has spent more than $400 million itself and influenced $4 trillion in U.S. taxpayer funds towards this goal. Eight years later, however, Bill Gates is admitting failure on that project, and a “pivot” to another that is not likely to go any better.” Despite the fact that, according to The New York Times (The Common Core Costs Billions and Hurts Students), “It was a rush job, and the final product ignored the needs of children with disabilities, English-language learners and those in the early grades… There is nothing to show for it… Last year, (2015) average math scores on the National Assessment of Educational Progress declinedfor the first time since 1990; reading scores were flat or decreased compared with a decade earlier.”Read More...
We work with and/or coach entrepreneurs all the time, and recently realized that many founders have no idea how the VC model works, meaning how and why VCs deploy funds – and make decisions – the way they do. So we’re going to shift the perspective to help you to better understand the process.
You go to investors because you need capital in order to get your company to the next level. Time to think about VC firms as companies as well, because they are. Some of them are large companies, re have a bigger war chest of funds to deploy, but truth be told, the majority are more akin to SMBs. Where does the money come from for the funds? Family offices, high net worth individuals, strategics (eg companies/corporations aligned with the investment vertical or thesis of the fund) or institutional investors (pension funds, university endowment funds, sovereign wealth funds, etc), and the funds manage their investments. The fund’s investors invest in specific funds for various reasons: the expertise of the team, the fund’s track record, their spidey sense, alignment of focus, etc.
Like the VCs who invest in your company, those LPs expect a return on their investments. If the fund fails to do that, well, they’re going to have a harder time attracting investors themselves when they go to raise their next fund, or to put it into startup terms, their Series A, B, whatever.Read More...
Last week, Twitter removed US President Donald Trump from the platform, tweeting that “After close review of recent Tweets from the @realDonaldTrump account and the context around them we have permanently suspended the account due to the risk of further incitement of violence.” Never mind that Twitter Allows ‘Hang Mike Pence’ To Trend. Violent groups and terrorists have been using the platform for years to coordinate their activities, but we cover technology, not politics, and are more focused on the implications of Twitter’s move – as well as those of tech cabal members Google, who removed Parler from their app store, as did Apple, and Amazon, which eliminated Parler app from its servers.
2020 was a year that changed almost everything. Brick and mortars’ footprint got a lot smaller as we embraced online shopping. Not necessarily by choice: the former were shut down and/or driven out of business, especially SMBs.
Working remotely became de rigueur, but with K-12 being ‘taught’ remotely, this definitely created problems in River City. On many levels, what with parents working from home, too – or attempting to. Can young children truly learn this way? There is a difference between ‘teaching’ and ‘learning.’ If remote education is going to be the so-called new normal, the basic tenets of effective remote learning need to be seriously re-examined, or the teacher is simply another talking head.Read More...
Facebook is being sued for antitrust violations and AGs in most of the states have signed on. According to the Chicago Tribune, “Lawmakers of both major parties are also calling for stronger oversight of Facebook and other tech industry giants. They argue that the companies’ massive market power is out of control, crushing smaller competitors and endangering consumer privacy and choice. Facebook insists that its services provide useful benefits for users and that complaints about its power are misguided… The FTC and the Justice Department reportedly have been investigating Amazon and Apple, respectively…and Justice Department prosecutors are pursuing a separate antitrust case against Google, one that mirrors its case against Microsoft 20 years ago. Microsoft lost that one, although it escaped a breakup when an appellate court disagreed with the trial judge’s order.”
Om Malik published this piece (My advice to the attorney generals: It’s not about Zuck) and we agree. His point: the Microsoft case didn’t help much in reining in the company. “I would argue that they are doing what they have always done – using their market size as a moat and expanding into new markets. We don’t realize it just yet. Today, they control two major professional networks that will have as big, if not more, significant impact on society in the future — GitHub and LinkedIn…
“My view is that it is okay for these companies to continue and buy younger companies, but they should be restricted to only buying companies that enhance their core and not allowed to buy into new markets. For example, Facebook should not have been allowed to buy Instagram or WhatsApp… In a previous article for The New Yorker, I pointed out, “This loop of algorithms, infrastructure, and data is potent. Add what are called network effects to the mix, and you start to see virtual monopolies emerge almost overnight…”When it comes to Facebook, I wrote, “The more we use it, the more data we give the company, and the more it is able to control where we turn our attention.” Facebook, as a result, “thanks to this loop of algorithms, infrastructure, money, and data, is a winner-takes-all company.Read More...
