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
Heartbleed: Social Change and Decentralized Identity
While gathering up additional data for the next post on wealth, here are some thoughts on the Heartbleed security vulnerability. At USV we sent out a notice of the issue to all the heads of engineering as well as all [...] 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
The Industrial System: Not the End of History
Francis Fukuyama’s book “The End of History and the Last Man” identifies liberal democracy in combination with capitalism as the winning way to organize society. Fukuyama wrote in 1992 at a time when the data seemed to support that conclusion. [...] Read more
Kenya: Impressions (Cont’d)
Since our trip to Africa was a family vacation and I really didn’t want business to intrude I wound up not spending time with startups in Nairobi. But I did talk to a lot of people we encountered about their [...] Read more
Kenya: Impressions
We just got back from nearly three weeks in Africa spent mostly in Kenya and a bit in Tanzania. I have tons of great photos of animals and nature which I may eventually post elsewhere but for Continuations I figured [...] Read more
Ego
Ain't lost yet, so I gotta be a winner - Paul Westerberg A number of years ago we were fundraising for betaworks. I can't remember if this was the first or second financing, 2007 or 2008, but we'd been out [...] Read more