Day: July 26, 2022

Why Kylie is mad at Instagram? 


This post is by Om Malik from On my Om


Phone with social media icons next to a laptop.
Photo by Zhivko Minkov on Unsplash

The Internet has been abuzz following a post by Kylie Jenner, an influencer famous for being the sake of being a famous person. On Instagram, where 360 million Instagram accounts follow her, she said Instagram must stop trying to copy TikTok and remain Instagram so she can see cute photos of her friends. First, to be precise – the original post was created by Tati Bruening, who has 315,000 followers. 

Kylie being Jenner that she is, added “Pleaseeee” and took the attention away from the original post. Soon, family doyen Kim Kardashian and others from the clan of famous Internet people joined in. It got the headline machines humming. And the melee has become a significant news story – I mean, it’s not like we are dealing with war, climate crisis, or inflation. 

***

What has Instagram done that the Kardashians & the Jenners are so upset? Earlier in July 2022, the company decided any video under 15 minutes can and will be converted into a “Reel.” Reels, in case you were not following, are a clone of short-form TikTok videos. Recently, TikTok made it so that the videos on the service could be up to 15-minuteslong. So obviously, Facebook had to match them feature for feature. 

Instagram will take the video posted by any public account – someone like Kylie “The Crying” Jenner – and automatically push it into a recommendation algorithm, only to be shown to other accounts based on how people react to that (Read more...)

Joining the Carbon Almanac Network


This post is by Seth Godin from Seth's Blog


We’re looking for some volunteers to join us.

It’s life-changing, useful, powerful work. After taking our Almanac to #1 in the US, Italy and the Netherlands, the volunteers on this project are working to amplify our message. We connect online, from countries around the world, and we’ve built an actual social network, one with a purpose.

All the details are right here.

We’ll be inviting a select group where we think there might be a good fit, and we’d love to hear from you.

Thanks for leading and for making a difference.

When the birds go home


This post is by Om Malik from On my Om


One of the great joys of living in San Francisco is having a cool and foggy summer. This year especially, I feel grateful for the chilly weather. The entire planet seems to have been enveloped by obscene heat, which is taking its toll not only on humans but also on flora and fauna.

Early in the morning or late in the evening, I find myself on the edge of the waters, enjoying the cool air of the ocean. In the evenings, however, I am enthralled by the multiple formations of Pelicans flying over the restless waters of San Francisco Bay. I captured a few such formations using the Leica M11 camera with a Leica Summilux-M 90mm f/1.5 ASPH Lens. These are edited versions of the photos I captured with the Leica M11.

The 90-Lux lens is a beast of a lens and renders the highlights in only a Leica lens can. These images were made wide open. ISO 64. 1/2000th of a second. Aperture f/1.5. I set the lens to focus on infinity. I intentionally wanted to avoid sharpness. Instead wanted to render what my eyes were seeing and what I was feeling.

July 26, 2022. San Francisco

Ranked: The World’s Largest Container Shipping Companies


This post is by Marcus Lu from Visual Capitalist


infographic showing the largest container shipping companies

Visualizing the World’s Largest Container Shipping Companies

Did you know that 80% of the global goods trade is transported over sea? Given the scale of human consumption, this requires an enormous number of shipping containers, as well as ships to carry them.

At an industry level, container shipping is dominated by several very large firms. This includes Maersk, COSCO Shipping, and Evergreen. If you live along the coast, you’ve probably seen ships or containers with these names painted on them.

Generally speaking, however, consumers know very little about these businesses. This graphic aims to change that by ranking the 10 largest container shipping companies in the world.

Ranking the Top 10

Companies are ranked by two metrics. First is the number of ships they own, and second is their total shipping capacity measured in twenty-foot equivalent units (TEUs). A TEU is based on the volume of a twenty-foot long shipping container.

The data used in this infographic comes from Alcott Global, a logistics consultancy. Fleet sizes are as of June 2021, while TEU capacity is from January 2022.

RankCompanyCountryTEUNumber of Ships
1Maersk🇩🇰 Denmark4.3M718
1MSC (Mediterranean Shipping Company)🇨🇭 Switzerland4.3M606
3CMA CGM🇫🇷 France3.2M542
4COSCO Shipping🇨🇳 China2.9M497
5Hapag-Lloyd🇩🇪 Germany1.7M259
6Ocean Network Express🇯🇵 Japan1.5M218
7Evergreen Marine🇹🇼 Taiwan1.5M201
8HHM (Hyundai Merchant Marine)🇰🇷 South Korea0.8M79
9Yang Ming🇹🇼 Taiwan0.7M87
10Wan Hai Lines🇹🇼 Taiwan0.4M (Read more...)

Member Spotlight: BHP Ventures



Welcome to our Member Spotlight series where we profile the exciting work of our member firms. For this deep dive, we spoke to members of BHP Ventures.

From top left (L to R): Dr Brigid O’Brien, Josh Su, Natalie Cira, Alexandra Iljadica, Michael Buzzo, Susanna Campitelli, Jordan Mitchell

Tell us about your firm. What makes it different?

BHP Ventures is the in-house venture capital arm of BHP. We scour the globe to find and foster emerging, game-changing technologies with the potential to help make BHP’s global operations safer, productive, and sustainable. This complements and enhances the innovation already underway within BHP by forging new partnerships and creating fresh opportunities to strengthen our portfolio and lower our emissions.

For our partners, BHP Ventures provides the opportunity to collaborate with one of the world’s largest natural resources companies. With more than 80,000 talented people working at top-class assets across Australia and the Americas to produce premium iron ore, copper, nickel, and metallurgical coal for global customers, we have a unique vantage point to support our portfolio companies. Our products are the foundation of energy transition. We understand how to navigate the entire value chain, and we’re experts at calling capital-intensive projects to bring products to the global market.

What defines your portfolio?

BHP Ventures targets game-changing technologies and teams to support future growth for BHP in:

  1. Driving innovation in our core operations (electrifying our fleet, low/no-CO2 fuels, and site-electrification).
  2. Growing our resource base in key commodities (new exploration and extraction technologies).
  3. Exploring potential (Read more...)

Reid Hoffman | How to Decide


This post is by Greylock Partners from Greymatter


A re-broadcast of our episode focused on one of the most critical (yet often under-analyzed) aspects of entrepreneurship: decision-making. As Greylock general partner Reid Hoffman and his Blitzscaling co-author Chris Yeh discuss, there are actually many things entrepreneurs can do to improve their decision-making skills. The central skill is learning how to be quick and decisive, and to adjust your course to avoid the worst of the mines.You can read the essay based on this discussion here: https://greylock.com/greymatter/how-to-decide/

Tails, You Win


This post is by Collab Fund from Collab Fund


Steamboat Willie put Walt Disney on the map as an animator. Business success was another story. Disney’s first studio went bankrupt. Later cartoons were monstrously expensive to produce, and financed at onerous terms. By the mid-1930s Disney had produced more than 400 cartoons – most of them short, most of them liked, and most of them losing money. Disney and his studio were nearly broke.

Snow White and the Seven Dwarfs changed everything. The $8 million it earned in the first six months of 1938 was an order of magnitude higher than anything the studio earned previously. It transformed Disney Studios. All company debts were paid off. Key employees got retention bonuses. The company purchased a new state-of-the-art studio in Burbank, where it remains today. By 1938 Walt had produced several hundred hours of film. But in business terms, the 83 minutes of Snow White was pretty much all that mattered.

Long tails drive everything. They dominate business, investing, sports, politics, products, careers, everything. Rule of thumb: Anything that is huge, profitable, famous, or influential is the result of a tail event. Another rule of thumb: Most of our attention goes to things that are huge, profitable, famous, or influential. And when most of what you pay attention to is the result of a tail, you underestimate how rare and powerful they really are.


Venture capital is a tail-driven business. You’ve likely heard that. Make 100 investments, and almost all of your return will come from five of them; most (Read more...)

Tails, You Win



Steamboat Willie put Walt Disney on the map as an animator. Business success was another story. Disney’s first studio went bankrupt. Later cartoons were monstrously expensive to produce, and financed at onerous terms. By the mid-1930s Disney had produced more than 400 cartoons – most of them short, most of them liked, and most of them losing money. Disney and his studio were nearly broke.

Snow White and the Seven Dwarfs changed everything. The $8 million it earned in the first six months of 1938 was an order of magnitude higher than anything the studio earned previously. It transformed Disney Studios. All company debts were paid off. Key employees got retention bonuses. The company purchased a new state-of-the-art studio in Burbank, where it remains today. By 1938 Walt had produced several hundred hours of film. But in business terms, the 83 minutes of Snow White was pretty much all that mattered.

Long tails drive everything. They dominate business, investing, sports, politics, products, careers, everything. Rule of thumb: Anything that is huge, profitable, famous, or influential is the result of a tail event. Another rule of thumb: Most of our attention goes to things that are huge, profitable, famous, or influential. And when most of what you pay attention to is the result of a tail, you underestimate how rare and powerful they really are.


Venture capital is a tail-driven business. You’ve likely heard that. Make 100 investments, and almost all of your return will come from five of them; most (Read more...)

Upfront Ventures Raises > $650 Million for Startups and Returns > $600 Million to LPs



Photo by Scott Clark for Upfront Ventures (no, Evan is not standing on a box)

Last year marked the 25th anniversary for Upfront Ventures and what a year it was. 2021 saw phenomenal returns for our industry and it topped off more than a decade of unprecedented VC growth.

The industry has obviously changed enormously in 2022 but in many ways it feels like a “return to normal” that we have seen many times in our industry. Yves Sisteron, Stuart Lander & I (depicted in the photo below) have worked together for more than 22 years now and that has taken us through many cycles of market enthusiasm & panic. We’ve also worked with our Partner, Dana Kibler who is also our CFO for nearly 20 years.

We believe this consistency in leadership and intuition for where the markets were going in the heady days of 2019–2021 helped us to stay sane in a world that momentarily seemed to have lost its mind and since we have new capital to deploy in the years ahead perhaps I can offer some insights into where we think value will be derived.

Photo by Scott Clark for Upfront Ventures

Focus on Cash

While the headlines in 2020 & 2021 touted many massive fundraising events and heady valuations, we believed that for savvy investors it also represented an opportunity for real financial gains.

Since 2021, Upfront returned more than $600 million to LPs and returned more than $1 billion since 2018.

Considering that many of our funds are in the (Read more...)