What a week! Last presidential debate! Internet melted down, thanks to a devices-based bot-net. AT&T planning to buy Time Warner for about $85 billion. I mean, things are anything but boring these days. Except, to be honest, one needs to step away from the river of news, sit down and read some good stuff. And that is why I am here – to share some of the top stories I have read in recent days and are worth your time and attention. If you need to find peace and quiet, I highly recommend the Bose QC35 headphones — which are amazing. I speak personally and I made my decision to buy them after reading this fantastic review. And if you need a place to sit down, find a great coffee shop. Who knows, your city might be in this list of best US cities for coffee addicts. All set? Here we go with some recommendations: Continue reading "Worth Reading: 7 Recommended Stories"
As I’ve been musing about on Twitter, oftentimes in the current Bay Area ecosystem, I don’t understand how very early-stage companies recruit teams to join them because there are so many opportunities (which is great) and so much capital in the ecosystem. At the seed-stage, when investing in a small team, oftentimes those founders turn into near-full-time recruiters. Even when a startup approaches product-market fit or even scores a larger Series A investment (and therefore, more cash, runway, and security), teams struggle to fill their open roles because talent is so fragmented. But it’s not only human capital which is fragmented — financial capital is also fragmented. One way to sum up the current environment? Mass Fragmentation. We are currently in a state where both human and talent capital is hyper-fragmented. My bias is that, overall, I think it is bad for innovation. That said, there are some strong arguments Continue reading "A Local Fragmentation Tax: Labor, Capital, and Attention"
Entrepreneurs think differently. They go through life, see problems and try to fix them. There is a chasm that they cross. They go from being just a person, to an entrepreneur. When does that happen and do they even realize it? Another important question is what do entrepreneurs need for support?
On occasion, I have had the good fortune of purely investing in a person, usually someone I know well, usually someone I call a friend. I have happily done this with companies like Trusted and EaseCentral. And, I did the same thing with Joe Fernandez and his new company out of Los Angeles, Joymode. I first got to meet Joe because I wrote about how his previous (controversial) startup, Klout, was actually on to something counterintuitive. Klout was controversial for many reasons, the biggest being that its seemingly arbitrary ranking of social profiles seemed to fly in the face of the democratizing force of social media. It went so far to the point where influential Tech Twitterati would publicly tweet their distaste for the service, even though Joe and his team (run by friends like Don, Matt, and others) attracted institutional investment from some of the best firms on Continue reading "The Story Behind My Investment In Joymode"
Vintage cocktail art (1950′s)
Like many of my peers, I had thought that I could gently start thinking about retirement in my mid-fifties. But as my mid-fifties arrived, and as the debate about the human lifespan rages on, I’ve been confronting a new question: what if I live to 100? For more, I looked to a book by Lynda Gratton and Andrew Scott, two London Business School professors, called The 100 Year Life. Half the children born today, they say, have a 50% chance of living to 105. That’s up from only 1% a century ago. We used to have a few simple phases to existence: childhood, education, work, and retirement. Now, entirely new phases of adulthood have emerged. My son, who is in his mid-20s, is pretty typical. After graduating from college, he moved abroad to work for a start-up, first in Haiti, now in Senegal. He is at the very beginning
Continue reading "What Happens When Careers Last 20 Years Longer?"