Innovation from diversity: Silicon Valley has long been obsessed with disrupting existing but inefficient industries with new software-based tools. The future opportunities will come from creating solutions for the mass market and particularly for the underserved. This change will not just be philosophical. It will also require greater diversity in both hiring and capital distribution. Companies need to continue to bring more people in from all walks of life for all types of positions. They need to capture the talent and perspective of those that understand problems intimately and from a unique angle. Venture capitalists too will need to look outside of their typical bubble of hopeful technology stars in the Valley, usually led by white American men. … [Read more...] about Here’s how Silicon Valley can avoid Detroit’s fate
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"In a lot of ways what people were trying to look for was behaviour change which is the hardest change to make happen. Imagine ten years ago there was no Ola, Uber or Flipkart...many of these brands did not exist...you cannot imagine your daily life without them now... somebody had to subsidise their market creation," Khanna said justifying the move of VC firms who poured in millions of dollars in India. … [Read more...] about India’s startup ecosystem in a correction mode: Trifecta Capital
"The new mindset does not want to own many of these things, especially the expensive, complicated items. Renting anything which is cheap such as clothes, I don't know whether it will work or not. But anything which is complicated and expensive -- house, car, furniture, appliances etc. They will become a completely rental model ...," said Karimpana. … [Read more...] about Why this H1-B visa holder decided to start a furniture rental company
In mid-2019, UBI advocate Gisele Huff pitched the idea to Cortese, who suggested beginning with a pilot program. The foster youth population seemed ideal. The state already keeps data on them; what’s more, Cortese says they are “wards of the county” and that the state has a humanitarian, parental duty to take care of them, even as they age. “I oftentimes express to younger parents: ‘This job of parenting doesn’t end at 18 years old,'” says Cortese, who has four children of his own over the age of 20. “I think that’s true when the county is a surrogate parent, as well.” … [Read more...] about This $1000-a-month universal basic income program is designed to help foster youth survive
What if a platform suddenly has to attract and engage users based not on stoking and amplifying controversy, but by offering them something of real value? Rather than just existing as a place to complain, vent, and self-righteously judge others, successful platforms in the post-Section 230 world would have to give users more than a quick emotional jolt. Maybe it’s spiritual connection. Maybe it’s enhanced forms of remote learning. Maybe it’s providing medical care. Maybe it’s something we’ve never even thought of. This is the time to find out. … [Read more...] about Trump vs. Twitter: Is there a silver lining in the Section 230 fight?