Activity

The funding model for startups is venture capital. And venture capital is a hits-driven business: you expect the vast majority of your investments to fail, so the ones that succeed have to succeed on a massive scale. Venture capital is risky, and it requires a lot of money.

Until relatively rece…

I think what really shifted my thinking about my success was observing that most of the startups that are getting crazy amounts of venture capital aren't solving interesting problems. There is a lot of money going into squeezing more ad dollars out of users, and getting more attention and eyeballs.…

But acquiring our assets was also a way to justify paying us a lot. If they're only going to pay you 2x the normal salary, then that can take the form of a very nice job offer. But if they're going to pay you more like 8x or 10x, it breaks the whole idea of salary bands, which is how big companies …

The worldwide decline in corporate profitability in the last half century has led investors to chase easy sources of profit. Sometimes that leads to investment in high-growth technology firms - many of which turn out to be duds or scams, or simply elaborate schemes to lower labor costs in existing …

Elite segments of the tech sector sense that the political fissures exposed by Trump's victory are entwined with plutocratic entrenchment and diminished opportunities for the working class. So they are eager to prove that they can ease economic malaise by bringing growth to regions with very little…