Seven years ago I wrote and delivered a talk about how we leave the big problems of the worlds for the philanthropists to solve, but they just don’t have enough money to do that. The 2020 update to that talk is below. Short story shorter… the total amount of money in philanthropy is less than $1 trillion, less than the value of just Microsoft alone, a tiny fraction of the total...
The standard Mercator projection maps of the world make the land at the top and bottom of the world look larger than they really are, which in turn makes land in the middle, like Africa, smaller in comparison. In reality, Africa is humongous:
Cisco and Sysco are pronounced the same. They are both public companies. Both American companies. But that is about all they have in common. Cisco is one of the tech giants, famous for powering the invisible parts of the internet, the backbone routers that send the chunks of your email, videos, and cat pictures between Google servers, Netflix servers, and Snapchat servers to your internet...
How long until the tech investors realize that winners rarely take it all? Winner takes all, Go big or go home, Move fast and break things, etc. doesn’t apply to 99.999% of startup opportunities. Memes like these harm more than they hurt. They don’t help fund great startups. They don’t help put capital to efficient use building financially sustainable companies. While tech...
