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6633

Startup = Growth

September 2012 A startup is a company designed to grow fast. Being newly founded does not in itself make a company a startup. Nor is it necessary for a startup to work on technology, or take venture funding, or have some sort of "exit." The only essential thing is growth. Everything else we associate with startups…

6636

What Business is Wall Street In?

The only people who know what business Wall Street is in are the high frequency and automated traders. They know what business Wall Street is in better than everyone else. To traders, whether day traders or high frequency or somewhere in between, Wall Street has nothing to do with creating capital for businesses, its…

6637

My Brush With a Patent Troll

Back when the web was only a limited affair and the most exciting thing on it in the realm of imagery was the ‘coffee pot webcam’ I came up with a way to make a real live video stream that worked in a browser. A few months earlier I’d made a very basic version of this using ftp upload of images to a server and then a…

6654

Black Swan Farming

September 2012 I've done several types of work over the years but I don't know another as counterintuitive as startup investing. The two most important things to understand about startup investing, as a business, are (1) that effectively all the returns are concentrated in a few big winners, and (2) that the best…

6659

APIs for Manufacturing

Perhaps you too remember that crayon-factory segment from Sesame Street. The one where they show dramatic shots of hot orange wax getting poured into vats and molds and eventually labeled and boxed up into neat packages of the rainbow, while Skrillex-junior music played in the background. This was my favorite segment…