February 2012
27 posts
“He pleaded guilty to conspiracy to commit tax fraud and violation of the...”
– Online poker middleman pleads guilty in NYC-WSJ
Just make it legal and tax it. Online gambling is not hurting anyone and is obviously something that people want to do. The fact that a 37 year old is going to go to jail because he helped people process payments for thhis is shameful.
nycgov:
Mining of the cavern that will house the Second Avenue Subway’s 72nd Street Station. Photo by Metropolitan Transportation Authority (MTAPhotos via Flickr)
I love the NYC Tumblr.
“Startups don’t compete with airlines by purchasing a bunch of planes, hiring a...”
– Some entrepreneur meeting with BRYCE DOT VC: The Problem With “Innovation”
I might have to put this quote up in the EdisonJr office.
5 Reasons to Keep the Accredited Investor Laws
Last night I re-blogged a post about the accredited investor laws. Not surprisingly a few people felt that I was wrong in wanting to keep the current law in place.
Here are 5 things that quickly come to mind as to why they should not be changed:
1. Poor Returns- Overall the “startup” asset class sucks. Repealing accredited law is not about allowing the “working man”...
“If you don’t have $1 million in assets or $200,000 in annual income, you don’t...”
– Dominic Basulto (via soupsoup)
Letting everyone invest in companies will be a really bad thing. For every Facebook (which is what keeps most angels investing) there is the money sucking black hole. And even worse then investing in a bad business is the amount of fraud that will happen when less...
“You shouldn’t get attached to a feature set. You should get attached to a...”
– Caterina Fake (via entrepreneurwisdom) HEART (via msg)
“GitHub wasn’t supposed to be a startup or a company. GitHub was just a tool that...”
– @defunkt (via brycedotvc)
Awesome quote
the understatement: “It’s A Brick” – Tesla Motors’... →
Interesting read on the Tesla. I wonder why they can not put in a kill switch to just stop the draw the car is taking off the battery, especially when the consequences of draining the thing all the way is so severe.
Anyway interesting read and I am sure they will solve it in time.
understatementblog:
Tesla Motors’ lineup of all-electric vehicles — its existing Roadster, almost certainly its...
“Do things that don’t scale,” Chesky says, a sentiment that would be...”
– Brian Chesky, CEO of AirBNB in Fast Companies 50 Most Innovative Companies
I picked up a copy of Fast Company and read this quote on one of my flights last week. The sad reality is that a lot of businesses that you start this way do not end up scaling. However I do like the approach and it is the...
““My daughter got this in the mail!” he said. “She’s still in high school, and...”
– How Target Figured Out A Teen Girl Was Pregnant Before Her Father Did
Well at least the name now fits the strategy.
Too Good for your Customers?
I usually do not rant but this is one of those things that kills me. I bought a product for a few thousand dollars from a small company that is delayed in being delivered. So yesterday I got a email from the CEO saying he was sorry it was delayed and that they are going slow to make sure the product is perfect. Which by itself is great.
However if you hit reply to the CEO’s email it goes to...
How to Build a Pirate
Yesterday I watched the below video of Fred Wilson speaking on a panel about the PIPA/SOPA issues.
Like Fred I think that content holders rights are important but the problem is that they are fixing their problem ass backwards. Instead of first focussing on giving consumers legal abilities to get content, they want to make tougher laws to prevent them from stealing. Except the problem is...
“There’s an education bubble, which is, like the others, psychosocial. There’s a...”
– i don’t always agree with Peter but he’s spot on about education
A Conversation with Peter Thiel - The American Interest Magazine (via pegobry)
“It is not, as it turns out, necessary to be a micromanaging psychopath with...”
– A VC: The Management Team - Guest Post From Joel Spolsky
Pretty much my sentiments exactly.
(via buzz)
Thirded.
(via rickwebb)
Spot on
“If you’re a smart Ph.D. from MIT, you’d never go to Wall Street now,” says a...”
– Is This the End of Wall Street As They Knew It? — New York Magazine (via david-noel)
I hope this is true.
“The real lesson may be that companies have to be careful about building too much...”
– Lessons from TeachStreet, folding into Amazon
via Daryn
“It sounds subtle, but these are the only days where I find myself getting...”
– Start every day as a producer, not a consumer - Journal - Daniel Howells
/via @eric_wvgg
(via pieratt)
“Critical thinking is difficult to do in large groups. Criticizing in a group...”
– one of many reasons that a small venture capital partnership is a good venture capital partnership
Cooper Journal: The eye of the brainstorm (via soxiam)