Day: March 17, 2023
How “Payment Banks” Could Prevent the Next Bank Collapse
Silicon Valley Bank illustrates why payroll shouldn’t be stored in an institution vulnerable to bank runs.
Silicon Valley Bank’s Focus on Startups Was a Double-Edged Sword
Sector specialization comes with steep risks — and high upside.
SVB, a week later
It is hard to imagine that it has already been a week since the start of the tumultuous events that led to the FDIC taking over Silicon Valley Bank, and coming to the rescue of the depositors. The rancor that has followed the takeover has been sobering and should be a wake-up call for Silicon…
Permanent Elegance of NY’s Flatiron Building
Flatiron Building in New York is coming up for auction soon. I learned about that when I posted a photo of the Flatiron Building being constructed on a social network. It triggered a chain of thoughts about permanence in what we build as a society. The building was started in 1901 and was finished in…
Keeping Your Confidence Up During a Lengthy Job Search
It can be hard to present your best self when you’re feeling self-doubt.
To Curb Burnout, Design Jobs to Better Match Employees’ Needs
Six common mismatches that leave employees feeling cynical and disengaged.
Charging for a feature, then charging more to remove that feature… Where have I heard that before?
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Elon Musk literally reinvented the wheel, and it’s so popular he is charging his brilliant, tech-savvy customers $700 to go back to the wheel.— E.W. Niedermeyer (@Tweetermeyer) March 16, 2023 For those who think the Tesla CEO gets all of his ideas fr…
Is it possible to care at scale?
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After 25 years, I stopped using a certain credit card for business. It was easily millions of dollars worth of transactions over that period. Did anyone at the company notice? Did anyone care? I still remember losing a client in 1987. Small organizations pay attention and care very much about each and every customer. Verizon…