AR: Regulation is an expression of what the society deems valuable. With companies, typically regulations have been especially effective in trying to force companies to reckon with externalities, things that they just don’t have to deal with. So pollution is the classical example, but there’s others, like safety. I think we’re not the only ones pointing at some of the cultural damage and societal damage. That’s what you see when you see these guys marched onto Capitol Hill. People are increasingly concerned about those aspects of social media companies, misinformation, all that good stuff. We get the regulation we vote for in a sense. That’s how the system works. It’s kind of a checks and balances in my view. In the last generation, the way it’s been set up is to let the private sector rip and then deal with problems afterwards. I think we’re in a moment where that is being called into question. How much state and federal regulators and … [Read more...] about How Silicon Valley turned true innovation into an overhyped delusion
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M R Rangaswami from Indiaspora, who presented the tech-triangle (Silicon Valley-Tel Aviv and Bangalore) concept to Modi in Israel in 2017, said the beauty of this model was because technology was a commonality in the three things, all kinds of "incredible things" had come out of it. … [Read more...] about India, US, Israel collaborating in 5G tech: Official
The world’s wealthiest man hasn’t dirtied his hands by weaponizing the Post, as far as we know. But it does operate as a shield. While the left is harshly critical of Bezos, the paper’s anti-Trump orientation makes him something of a political bedfellow. It’s harder to hate the enemy of your enemy. Owning the Post has provided more oblique benefits, too. When evidence of his marital infidelity was leaked to the Trump-aligned National Enquirer, Bezos claimed that he had been hacked by the Saudi government in retaliation for the Post’s coverage of Jamal Khashoggi’s murder. Whether or not it was true, it was a good story. The tabloid scandal was replaced by geopolitical intrigue. … [Read more...] about Bezos, antitrust, and the power of media patronage
Fortunately, in some ways it is easier today to care about others, because when we are on a videoconference with someone, we are usually looking right into their homes. There are family pictures on the wall behind them, random bits of sports gear stacked in the corner, a cat, dog, toddler, or teen strolling by in the background. What would Bill do? He wouldn’t ignore the passerby or prized pictures—he would ask about them. He would invite the kid into the videoconference and chat with them. How do they like attending school from home? Are they being nice to their parents? In fact, we could envision the home tour taking over the meeting with Bill, so curious was he about the whole person. … [Read more...] about What would Bill Campbell do?
As a Latina investor at an early-stage Bay Area fund, I’ve noticed that one of these consequences is the limited type of startup that tends to receive funding. There is an element of sameness to many of the problems consumer startups were built to solve. These startups largely target one consumer: the HENRY (High Earner, Not Rich Yet) who mostly identifies as white and monocultural. That means that millions of ethnic Americans aren’t being targeted by brands, creating a massive opportunity to look beyond the problems of mainstream, white America. Startups have a chance to build consumer brands uniquely positioned to solve the problems of bicultural Americans. To me, the most intriguing minority community is what I call the Hypercultural Latinx. … [Read more...] about By ignoring this community, venture capitalists are missing out