Day: January 11, 2022

The Augmented Home


This post is by Robert Scoble from Scobleizer


In Silicon Valley we like to think about “first principles.”

What does this really mean? Go back and really study how things work without bringing your biases to the table and then come up with new products and services that help you do that task better.

Steve Jobs went further.

When he started the iPhone team he told the first 12 people “do not hire anyone who has ever worked on a phone before.”

Why?

He wanted a fresh look at the industry and he wanted to see how new technology and a new approach could change the game. Elon Musk recently did the same when he and team designed the Cybertruck. They threw out all our beliefs about what a truck should even look like. So many people have been polarized by that design, which shows the power and danger of taking such an approach.

As we see companies like Apple and Meta, er, the company formerly known as Facebook, try to introduce new devices into the home, that will “augment” the home in various ways, it’s useful to study what people are doing in their homes, so you can judge how much usage they will get, and how accepted they might be, or, even, for competitive analysis to see who is strongest at a specific use case in the home.

I’ve been fortunate to have been invited into people’s homes all over the world. Rich, poor, and everything in between. That let me observe what people actually do, (Read more...)

The Augmented Home


This post is by Robert Scoble from Scobleizer


In Silicon Valley we like to think about “first principles.”

What does this really mean? Go back and really study how things work without bringing your biases to the table and then come up with new products and services that help you do that task better.

Steve Jobs went further.

When he started the iPhone team he told the first 12 people “do not hire anyone who has ever worked on a phone before.”

Why?

He wanted a fresh look at the industry and he wanted to see how new technology and a new approach could change the game. Elon Musk recently did the same when he and team designed the Cybertruck. They threw out all our beliefs about what a truck should even look like. So many people have been polarized by that design, which shows the power and danger of taking such an approach.

As we see companies like Apple and Meta, er, the company formerly known as Facebook, try to introduce new devices into the home, that will “augment” the home in various ways, it’s useful to study what people are doing in their homes, so you can judge how much usage they will get, and how accepted they might be, or, even, for competitive analysis to see who is strongest at a specific use case in the home.

I’ve been fortunate to have been invited into people’s homes all over the world. Rich, poor, and everything in between. That let me observe what people actually do, (Read more...)

The Augmented Home


This post is by Robert Scoble from Scobleizer


In Silicon Valley we like to think about “first principles.”

What does this really mean? Go back and really study how things work without bringing your biases to the table and then come up with new products and services that help you do that task better.

Steve Jobs went further.

When he started the iPhone team he told the first 12 people “do not hire anyone who has ever worked on a phone before.”

Why?

He wanted a fresh look at the industry and he wanted to see how new technology and a new approach could change the game. Elon Musk recently did the same when he and team designed the Cybertruck. They threw out all our beliefs about what a truck should even look like. So many people have been polarized by that design, which shows the power and danger of taking such an approach.

As we see companies like Apple and Meta, er, the company formerly known as Facebook, try to introduce new devices into the home, that will “augment” the home in various ways, it’s useful to study what people are doing in their homes, so you can judge how much usage they will get, and how accepted they might be, or, even, for competitive analysis to see who is strongest at a specific use case in the home.

I’ve been fortunate to have been invited into people’s homes all over the world. Rich, poor, and everything in between. That let me observe what people actually do, (Read more...)

The Periodic Table of Commodity Returns (2012-2021)


This post is by Niccolo Conte from Visual Capitalist


periodic table of commodity returns (2012-2021)

The Periodic Table of Commodity Returns (2022 Edition)

For investors, 2021 was a year in which nearly every asset class finished in the green, with commodities providing some of the best returns.

The S&P Goldman Sachs Commodity Index (GSCI) was the third best-performing asset class in 2021, returning 37.1% and beating out real estate and all major equity indices.

This graphic from U.S. Global Investors tracks individual commodity returns over the past decade, ranking them based on their individual performance each year.

Commodity Prices Surge in 2021

After a strong performance from commodities (metals especially) in the year prior, 2021 was all about energy commodities.

The top three performers for 2021 were energy fuels, with coal providing the single best annual return of any commodity over the past 10 years at 160.6%. According to U.S. Global Investors, coal was also the least volatile commodity of 2021, meaning investors had a smooth ride as the fossil fuel surged in price.

Commodity2021 Returns
Coal160.61%
Crude Oil55.01%
Gas46.91%
Aluminum42.18%
Zinc31.53%
Nickel26.14%
Copper25.70%
Corn22.57%
Wheat20.34%
Lead18.32%
Gold-3.64%
Platinum-9.64%
Silver-11.72%
Palladium-22.21%

Source: U.S. Global Investors

The only commodities in the red this year were precious metals, which failed to stay positive despite rising inflation across goods and asset prices. Gold and silver had returns of -3.6% and -11.7% respectively, with platinum returning -9.6% and palladium, the worst performing commodity of 2021, at -22.2%.

Aside from the precious metals, every other (Read more...)

Visualizing Americans’ Financial Assets by Age



American's monthly credit card spending Part 1 of 3
American's monthly credit card spending Part 2 of 3
American's monthly credit card spending Part 3 of 3

The following content is sponsored by Personal Capital

Visualizing Americans’ Financial Assets by Age

What do your account balances look like? Chances are you’ll answer that question differently if you’re a new graduate versus if you’re a retiree.

As we progress through life stages and our earning power changes, our finances will naturally evolve. In this graphic from Personal Capital, we look at a breakdown of financial assets by age. It’s the second in a three-part series that explores the spending and saving of Americans.

What Are Financial Assets?

Before we take a look at the data, it’s key to understand what financial assets are. Financial assets are non-physical assets that are typically liquid. This means they can be easily exchanged for cash. They derive their value from their contractual claim on an underlying entity, such as an ownership share in a company.

Some common examples are:

  • Cash
  • Certificates of deposit
  • Bonds
  • Mutual funds
  • Stocks

They do not include physical assets such as real estate, vehicles, or commodities, which have an inherent value due to their physical attributes.

A Breakdown by Decade

We calculated the breakdown of financial assets from the anonymized data of Personal Capital users, who tend to have a higher-than-average net worth. Here are the median balances for each account type by age.

Account Type20s30s40s50s60s70s
Cash$9,233$20,485$28,684$34,347$45,662$30,784
Cryptocurrency-$13,600----
Education Savings Plans-$23,719$65,169$74,511--
ESPP/ESOP/Stock (Read more...)

Eric Yuan | How Zoom Made Video the Pandemic Star


This post is by Greylock Partners from Greymatter


In March 2020, the Covid-19 pandemic forced nearly every aspect of life online. Suddenly, everything was happening on Zoom. To the everyday consumer, Zoom might have seemed like an overnight success story. But Zoom CEO and founder Eric Yuan, who was founded the company in 2011 as an enterprise service, said they were able to meet the sudden surge in demand thanks to the company's longstanding, unwavering focus on making virtual human interaction easy and accessible for anyone regardless of location, device, or technical savviness. That consistent customer-centric approach allowed the company to grow 30-fold without compromising quality, and has made Zoom a lasting everyday part of work, school, entertainment, healthcare, and everything else. This interview by Greylock general partner Sarah Guo is part of Greylock's Iconversations speaker series. You can read a transcript of the conversation here: https://greylock.com/greymatter/zoom-eric-yuan-full-screen-ahead/ ‎

The Best Managers Don’t Fix, They Coach — Four Tools to Add to Your Toolkit



Anita Hossain Choudhry (The Grand, First Round) and Mindy Zhang (Dropbox, Oscar Health) draw on their experiences as executive coaches to unpack why managers fall into the “fixing” trap and make the case for adding coaching as a skill. They share four practical tools, sample scenarios and thoughtful questions to help managers put these concepts into practice.

A Short Note on Persistent Practices



In theory there is no difference between theory and practice. In practice there is.
- Yogi Berra

Yoga works. Meditation works. Conscious breathing works. By “works” I mean that these practices have positive effects for people who observe them. They can help build and retain strength and flexibility of both body and mind. The fact that they work shouldn’t be entirely surprising, given that these practices have been developed over thousands of years through trial and error by millions of people. The persistence of these practices by itself provides devidence of their effectiveness.

But does that mean the theories frequently cited to explain these practices are also valid? Do chakras and energy flows exist? I don’t want to rule this out – there have been various attempts to map chakras to the nervous and endocrine systems – but I think it is much more likely that these are pre-scientific explanations not unlike the phlogiston theory of combustion. I will refer to these as “internal theories,” meaning the theories that are generally associated with the practices historically.

Interestingly, we are now developing scientific theories that explain why these practices work. I will call these “external theories” as they are often developed outside the mainstream community of practitioners. For example, there is a great recent study that looks at changes in the brain from intense meditation.

Religions are another example of a practice that has a positive impact for many people in terms of giving them meaning and purpose in their (Read more...)

Investment Associate, Deep Tech Practice – Playground Global



Playground Global was founded by successful entrepreneurs who conceived, built and scaled successful tech companies before becoming venture capitalists. Playground invests in early-stage, deep tech startups – our portfolio companies are using 3D printers to build rockets, fueling carbon-free flight, building the first useful quantum computer, and much more. Our team has the technical skills and passion for digging in deep with entrepreneurs, helping them solve technical challenges to execute their vision quickly.

We are seeking an Investment Associate to join our team and help support our partners investing in next-gen compute, advanced materials, energy and next-gen manufacturing startups. Our ideal candidate is not only someone who is highly technical, but also a deep thinker and an enthusiastic self-starter. You don’t need to have investment experience, but you do need to have a strong interest in learning to be a venture investor.

Role and Responsibilities:

  • Work with Playground’s partners to help develop an investment thesis in your areas of expertise.
  • Source investment opportunities in next-gen compute, advanced materials, energy and next-gen manufacturing startups.
  • Perform technical and business due diligence.
  • Build relationships with portfolio companies and provide advice and assistance as they grow.
  • Prepare briefing documents, returns and other analysis to support important meetings and communications.

Requirements:

  • Hold a PhD in Math, Physics, Biophysics or other deep science. (Candidates with Masters or undergraduate degrees and some work experience will also be considered.)
  • Possess exceptional decision making instincts, strong analytical skills, and highly self-motivated.
  • Exhibit a high individual standard in work output.
  • (Read more...)

Venture Analyst – Playground Global



Playground Global is a venture capital firm located in Palo Alto that invests in early stage, frontier technologies that drive progress and create multi-generational impact. Our portfolio companies enable automation/AI, engineer biology, digitize infrastructure, and create the next paradigm shift in compute. We have led early-stage investments in notable companies like Relativity SpaceVirta HealthPsi QuantumFabric, and many more that are building transformational businesses.

We are looking for an Investment analyst to join our venture team. We run one of the leanest venture teams in Silicon Valley, and as our Venture Analyst, you will be a key player in driving our investment and fund operations efforts. You will interface regularly with key stakeholders, both internally and externally. Our ideal candidate has a demonstrated passion for technology and investing, and is comfortable navigating unstructured environments.

What you’ll do:

  • Assist our internal due diligence process and fund operations
  • Write investment memos and prepare briefing documents
  • Support existing portfolio companies
  • Represent Playground within the broader startup and venture ecosystem

What we’re looking for:

  • 0 to 2 years of relevant work experience, preferably in venture capital, private equity, consulting, investment banking, corporate development, or a similar area with strong finance background
  • Comfort building financial models, performing market research, and conducting due diligence
  • Demonstrated passion for investing and technology
  • Strong intellectual curiosity and willingness to learn
  • Humble self-starter with exceptional interpersonal, communication, and writing skills

If you are interested in this position, please apply here. 

The post Venture Analyst – (Read more...)