It’s way worse than you think and way way worse than you want it to be.
Wealth Inequality in America
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It’s way worse than you think and way way worse than you want it to be.
Last week I wrote about the ancient system of Bills of Exchange and how useful they were for sellers to get paid sooner than 30, 60, or 90 days after the sale. A 21st Century systemic solution to replicate these benefits would be a marketplace that sells and trades Future Dollars (denoted as F$). A future dollar is a promise to deliver a real dollar ($) in a specific number of days. With this...
300 YEARS AGO, when the British Empire was still growing, the first wave of global trade was powered not only by the Pound Sterling, but by trades in Bills of Exchange. How did traders from London buy tea in India, porcelain in Hong Kong, or silks in Singapore? They didn’t haul cases of silver and gold in their outbound ships, trading coins for goods. They had to do that when global trade...
Naming is startup is hard. Harder than naming a baby you’ve yet to meet. Back in 2017 I posted a lesson in how to find a great name. Today (2021), Facebook shows us just how difficult it is to brand a company, especially an established company. Back in 2015, Google demonstrated the same mistakes. Mistake #1 – Naming by Committee No good name has ever been created by committee...
I keep seeing stories about a new lamp that is “powered” by salt water. The claim is that you’ll get 45 days of lighting using nothing more than half a liter of salt water… What I want to know is why none of these journalists ever check with an engineer or physicist or high school science teacher on whether such a claim is possible. If it’s not obvious to you, the...
Over at The Angel Accelerator I’ve been teaching new startup investors the history of venture capital. It’s one of those industries that feels like it’s been around forever, maybe inherited from the Roman or British Empire, but in reality, in its modern form, was created in my grandparents generation, after my parents were born, and wasn’t a mature, robust, big industry...
