Ten Things I Think I Think – 2014

With a hat tip to Peter King, whose format I’ve used before: 1. I think 2014 was a great year for Bitcoin. # No major security failures. No systemic loss of confidence, i.e., price dropping to single digits. https://twitter.com/elidourado/status/545015760075382784 Increased merchant adoption: https://twitter.com/davidlee/status/544956822646300672 https://twitter.com/davidlee/status/543099540174155776 Healthy regulatory scrutiny: Ben Lawsky: “Four decades of slow-to-non-existent progress in …

Good Listeners

“Entrepreneurs are often given two pieces of contradictory advice: persistence and flexibility. Have a vision and pursue it through years of people telling you you’re out of your mind. Or, be flexible: look at data, iterate, and change based on the signals you’re getting. There isn’t an actual algorithm. You have an investment thesis about …

Under the Radar

I would rather be in the cycle when people underestimate us, because I would rather be underestimated. Then we can really excite and amaze people. I think a lot of people are underestimating us.-Mark Zuckerberg, Sept. 11, 2012

The Best Thing I Learned in Law School – David Boies

David Boies is one of - if not the - most brilliant lawyers in the past 20 years. He’s certainly one of the most celebrated, having argued US v. Microsoft, the landmark case that decided that Microsoft was liable as a monopolist and Bush v. Gore, which effectively decided the US 2000 Presidential election. I …

Back to the Future

The number of startups doing really hard stuff has skyrocketed recently. Bitcoin, drones, food substitutes, 3D printing, bioinformatics, deep learning. We used to see these “science fiction” or “moonshot” startups only occasionally. Now it feels like every other startup (or at least 30%) is working on something pretty wacky. These ideas are like old school …