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Crypto/Blockchain Safe Harbor
Albert Wenger – Feb 21, 2018
During the initial growth of the Internet, the United States enacted a variety of Safe Harbors, such as the DMCA, that allowed new innovation to unfold. We now need a similar approach to crypto tokens in order to help build [...] Read more
Hiring New Analysts (Update 1)
Albert Wenger – Feb 19, 2018
A quick update on our analyst hiring process. We received 326 applications. Andy and I have so far reviewed 190 of those and plan to complete that initial review by the end of next weekend. We will contact everyone with next steps the week of February 26th. Read more
The Power of Continued Innovation: MongoDB Adds Transactions
Albert Wenger – Feb 16, 2018
Yesterday I did a fireside chat at our portfolio company Shippo and someone asked the question how a company can continue to be successful and grow over a long period of time. My answer was: continue to innovate. A company [...] Read more
Algorand
Albert Wenger – Feb 15, 2018
We have been writing about the importance of decentralized protocols going back to 2013. Since then a lot has happened, including a run up in the price of Bitcoin (and eventually other crypto currencies), the launch of Ethereum, the rise of ICOs and with them the funding of many new projects. And yet it feels to us that we are still in what Carlota Perez calls the “Installation Phase” of a new technology. That’s the period when a market attracts a lot of capital to help build out the necessary infrastructure. Read more
Uncertainty Wednesday: Spurious Correlation (Part 3)
Albert Wenger – Feb 14, 2018
So the last two Uncertainty Wednesday posts have been about spurious correlation. Today, I want to give an example of easy it is to observe spurious correlation. To that end I wrote a little Python program which I will show [...] Read more
World After Capital: Digital Technology (Zero Marginal Cost)
Albert Wenger – Feb 12, 2018
NOTE: Last week’s blog post was the current introduction to my book World After Capital. Today’s post covers the first half of the chapter on Digital Technology, which discusses how zero marginal cost is unlike anything found in the analog [...] Read more
Velocity by Code Climate
Albert Wenger – Feb 7, 2018
Today our portfolio company Code Climate is launching its new “Velocity” product into public beta. The product provides teams with data driven insights into the speed of their development process. It answers important questions, such as where in the process do engineers have to wait (e.g. long continuous integration times or long wait for code to be reviewed)? Or, how much work in progress is accumulating (and how much risk does that contain)? For more examples of the types of insights provided by Velocity, you can see the product launch page. Read more
Uncertainty Wednesday: Spurious Correlation (Cont’d)
Albert Wenger – Feb 7, 2018
Last Uncertainty Wednesday, I introduced the topic of spurious correlation. Since then I have discovered a site that gives some fantastic examples of (potentially) spurious correlations. Here is one: The coefficient of correlation is 0.9926, i.e. almost 1 (which would [...] Read more
World After Capital: Introduction
Albert Wenger – Feb 5, 2018
NOTE: This is the current state of the introduction for World After Capital. It provides an overview of the key ideas from the book. In case you missed it, last week’s blog post has the work in progress note and [...] Read more