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The Aereo Case

Living in New York City and having cut the cord years ago, Aereo has been a terrific service for us. Yesterday the US Supreme Court started hearing arguments over whether the service is legal. Timothy B. Lee has an outstanding [...]  Read more

More on Wealth and Randomness

Yesterday I wrote about startup wealth and randomness and got a lot of good comments. One of them led me to an important way of summarizing my argument about the role of randomness: While I wrote the post specifically about [...]  Read more

Startup Wealth and Randomness

I have been writing a lot about wealth and income inequality and I am reading Thomas Piketty’s Capital in the 21st Century (review forthcoming as soon as I am finished). So it seems appropriate to ask how I feel about [...]  Read more

Wealth and Speculation

At the moment I am writing about why I think the industrial system is breaking down as its main components are no longer functioning properly and sustaining each other. In particular I wrote about the growth and increased concentration of [...]  Read more

Writing Software Applications In-House

There is something very exciting going on in the world of software: a shift towards developing new application software in-house (as opposed to relying on third party offerings). For instance, at USV we have developed the linksharing on usv.com and [...]  Read more

Wealth and Voting

Earlier this week I started writing about wealth and financial capital as part of examining how the various components of the industrial system are beginning to break down. I will have more to say about the financial capital portion of [...]  Read more

Wealth and Financial Capital

Last week I introduced my view that the various interlocking components of the industrial system are beginning to break down. The first one I mentioned was that “financial markets have been allocating capital into vast asset bubbles instead of into [...]  Read more