An insightful interview with Reid Hoffman, venture capitalist and founder of LinkedIn. But to my mind, Hoffman seems blase’ about Big Ideas and “deep tech” funding. I share the views of Startup Genome founder, Max Marmer, and bemoan the limited focus of VC’s on world-changing technologies, leaving it to billionaire angels. I also sense myopia about the ongoing intense debate over the distortion of the sharing economy by Uber, Airbnb, and others.
I found this important editorial opinion piece in The Guardian, the UK journal. The point of this is, […]
Hopefully this comes as no surprise to many, but for some, alas, I am afraid they have yet to get the email. It’s yet another case of the 1% versus the 99%. Only one percent of Web app developers have made any real money, the other ninety-nine percent are SOL. Forty-seven percent of those, make absolutely no money or less than $100 on their app. Not surprisingly there are now over a million apps on the Apple store, and when you add all of the other sources for apps, you can see that the problem is coming to a head. I saw this coming over two years ago and wrote about the problem on this blog, citing a New York Times story published about that time, describing the dark underbelly of the Web app development culture. In a satire of the problem, last year The Onion published a gag story about a new app called “Squander” that enabled users to “geolocate others nearby who had also wasted $2 on the same app.”
A local journal today glowingly reported that not one, but two local companies had won investment on the Dragon’s Den Canadian “reality” television show. What struck me about the two, apparently best “winning ideas” from our community, was how utterly mundane they were: an “empty beer bottle handling system” and “illuminated party clothing.” As an entrepreneur myself, I first need to give respect to the two entrepreneurs who achieved this success with the likes of Kevin O’Leary and the other investors. It is no mean feat and they should be acknowledged and congratulated for it. On the other hand, these are not the kind of ideas that are going to make a major dent in the local or Canadian economy. Meanwhile in Vancouver, two startups, D-Wave and General Fusion are working on Big Ideas that could change our lives.
Management students may ask why the title of this post claims that quantum technology is good business. So let me try to explain, and then read on to the PandoDaily post by David Holmes. The bottom line is that some basic understanding of quantum mechanics is going to be a valuable management skill going forward. Why? Read on
This article has resonated with me, and my own personal epiphany. It came to me as a university student, sitting on the grass in the university common area. I suddenly realized that I was my own boss, and I no longer cared much what other people thought of me. As the author says here, it was a sense of calm, and a moment that not everyone achieves. It is a variation on my own tag line…”The harder I work, the luckier I get.” Once again, I find that the key factor is people skills.
Real evidence of the “iTunes of education” already up and running Teachers are earning millions of dollars selling […]