Author: michael_msft

GM Microsoft for Startups APAC

What Bear Markets Look Like – AVC

~ michael_msft ~ Leave a comment

Trying to grok this. Interesting framework for thinking about it but not sure it is true.

Might be a long time to be proven right or wrong on this one.

What Bear Markets Look Like – AVC:

But those who stayed were rewarded, although it took a long time for that to happen. We didn’t see meaningful paydays in the Internet sector until the 2007-2008 period and the big paydays didn’t start coming until 2010 and beyond.

The thing to look for in the downturn is signs of life. There were little projects that turned into big ones. Blogger was started in late 1999, almost shut down many times in the next few years, and was picked up by Google in 2003. Myspace, LinkedIn, and Facebook all emerged in the 2002-2004 period, as the Internet was finally coming to life again.

So that is my framework for thinking about where we are with crypto and where we are going.

I think some crypto asset (and possibly a number of crypto assets) will have a price chart like Amazon’s current one in 18 years. But we will have to do what Amazon did, hunker down and build value and survive, for quite a while to get there. And I think things will get worse before they get better.

Facebook to send VP instead of Mark Zuckerberg to international committee – CNN

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It is so telling that he can’t even offer a video conference.

Pathetic.

Facebook to send VP instead of Mark Zuckerberg to international committee – CNN:

But Facebook declined multiple invitations to send Zuckerberg, saying in a letter to the committee last week that he is “not able to be in London.” The company also said they couldn’t make Zuckerberg available via videolink.

WeWork opens co-working ‘lab’ space in Singapore for early-stage start-ups, Business News & Top Stories – The Straits Times

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Blockpunk!

WeWork opens co-working ‘lab’ space in Singapore for early-stage start-ups, Business News & Top Stories – The Straits Times:

WeWork Labs piloted its concept for the first cohort of start-ups here in September. These included graduates of accelerator programmes and non-profit organisations. Eight start-ups participated in the pilot, including BlockPunk, which is building a next-generation anime studio.

Chief executive and co-founder Julian Lai-Hung said: “Having graduated from the Entrepreneur First Singapore incubator, we wanted to find a similar start-up-friendly culture and global community. WeWork Labs provided this and also helped in attracting new hires and kept the team happy, collaborative and productive.”

You probably won’t make it to the top – Signal v. Noise

~ michael_msft ~ 1 Comment

I don’t always agree with DHH. Sometimes I feel he just likes to say something controversial.

But I like this post.

It’s so true. When I look back on all the so called big goals I had or the roles I thought I should have or the places I thought I should live – many of my so called dreams just didn’t pan out. However it was clear that in my haste to chase stuff I wasn’t enjoying the micro leaps and I wasn’t paying attention to the smaller stuff to enjoy in life.

My 30’s was rough. Kind of a blur.

My 40’s are much better but I tend to get regretful about not accomplishing more in my 30’s – whatever the more is.

It is important to figure out your own path and to make sure that each and everyday you react and regroup accordingly.

The journey is the thing and if you don’t enjoy it you may look back and wonder what happened.

You probably won’t make it to the top – Signal v. Noise:

But you do have control over whether you’re doing a good job, as measured by your personal sense of satisfaction in the work. Over whether you’re taking the time to notice, to learn, to improve. That’s the most fulfilling part of being up there, at the top, anyway. The “being good” part. Hell, even the “becoming good” part is pretty amazing, if you play it right.

Economics in One Lesson by Henry Hazlitt

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Old but good.

Still digesting it. Had never heard of this one before.

http://www.hacer.org/pdf/Hazlitt00.pdf

The One Lesson:

From this aspect, therefore, the whole of economics can be reduced to a single lesson, and that lesson can be reduced to a single sentence. The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.

 

The end of the beginning — Benedict Evans

~ michael_msft ~ 1 Comment

The end of the beginning — Benedict Evans

This looks to be one to watch. Not always agree with him but love the data.

Nice quote:

Finally, as we think about the next decade or two, we have some new fundamental building blocks. The internet began as an open, ‘permissionless’, decentralized network, but then we got (and indeed needed) new centralised networks on top, and so we’ve spent a lot of the past decade talking about search and social. Machine learning and crypto give new and often decentralized, permissionless fundamental layers for looking at meaning, intent and preference, and for attaching value to those.