The Spotify Apple Issue
Many people who follow tech know that Spotify has filed a complaint with the European Commission regarding the challenges that Spotify has doing business in the iOS app store. I am very sympathetic to Spotify’s complaint. In my post last [...] Read more
Education Statistics
Julia Dahl tweeted an amazing graph showing how the number of people working in administrative roles in health care is skyrocketing: Only 9% goes to payment for physicians. The cost of physicians has not significantly increased as proportion of the [...] Read more
Education Statistics
Julia Dahl tweeted an amazing graph showing how the number of people working in administrative roles in health care is skyrocketing: Julia Dahl@jdahlmdReplying to @AnandWrites Only 9% goes to payment for physicians. The cost of physicians has not significantly increased [...] Read more
The Power and Danger of the Meme of Suppressed Truth
At dinner last night a friend in his mid 50s asked, quite genuinely: so what exactly is a meme? Our teenage son laughed about this apparent ignorance but the confusion is well founded given that many people today use the [...] Read more
Decentralized Finance
While we wait for the blockchain/crypto technology to scale to the point where it can be the foundation of mainstream consumer applications (games, social media, e-commerce, etc), there is a sector where scalability is a little less important and where [...] Read more
The Diverse Syndicate
Startups are generally not funded by just one investor. They are usually funded by a collection of investors; the angel syndicate, followed by the seed syndicate, followed by the VC syndicate. This gives the founder the opportunity to gain insights [...] Read more
Uncertainty Wednesday: Fooled by Small Numbers
The last couple of Uncertainty Wednesdays examined fallacies based on statistical phenomena such as imperfect correlation and the base rate. Another one of these has to do with small numbers. A famous example of this fallacy occurred when a study [...] Read more
Market, Team, Product
I get asked frequently whether it is better to back the team or the product (the “jockey or the horse”). It is not that simple in my view. When I think about the big wins we have had over the [...] Read more
World After Capital: Freedom from Wanting
NOTE: Today’s excerpt from World After Capital is the first subsection in the chapter on psychological freedom. It deals with freeing ourselves from wanting as a crucial part of exiting the Job Loop. With the extraordinary success of capitalism built [...] Read more
