Jul
28

Total Failure at Summer Maker Mode

July 28, 2017

On May 24th, I wrote a post titled Shifting To Maker Mode For The Summer. I had full intentions of making this shift around Memorial Day and sustaining it until Labor Day.

I have completely failed at this. While I’m managed to stay off social media and read a lot more than watch TV, I massively underestimated the amount of transactional activity I’d have this summer. On Monday mornings, when I’d look at my schedule for the week, I’d see a wall of blue through Friday, starting early in the morning and going until dinner time. My goal was to have nothing scheduled until 1 pm with an upper bound at 5 pm, but this ended up being an epic fail. And, as a bonus, I’ve had a dinner almost every night between Monday and Thursday so far this summer (that’s not a good thing.) I’ve had a few days that weren’t completely full, but they’ve ended up being catch-up days.

The next few of weeks are more of the same. So, I’ve accepted that Maker Mode is not happening this summer.

I’ve got two books in process: Give First and Startup Communities 2. I wrote 15,000 words on Give First in March but haven’t opened my Scrivener file since. I have a co-author (Ian Hathaway) work is hard at work on the first draft of Startup Communities 2, so at least he’s making progress, but I haven’t even started holding up my part of that particular bargain.

I’m am running and have committed to do the Run Crazy Horse marathon in South Dakota in October. The running has been great for my body and even better for my mental health, so that’s good.

I feel deep equanimity around this. In the past, I’d be frustrated with myself for not getting in gear. But in hindsight, it’s clear that maker mode wasn’t realistic given the other work commitments I have along with all of the episodic stuff that regularly comes up in my work life. Snoopy continues to be my guide on this particular journey.

Also published on Medium.

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Original author: Brad Feld

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Jul
28

Eero acqui-hires smart home management startup Thington

 Mesh Wi-Fi router company Eero wants to provide an easy way for consumers to connect and connect with all the smart devices in their home. As it looks to build more intelligence around how those devices interact, the company has acqui-hired the team behind smart home management app Thington. Read More

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Jul
28

Bootstrap First from Belarus, Raise Money Later from Silicon Valley: PandaDoc CEO Mikita Mikado (Part 1) - Sramana Mitra

As you know, I love stories of entrepreneurs in different parts of the world finding success through grit and creativity. Mikita’s story gives us an insight into what’s happening in Belarus, and how...

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Original author: Sramana Mitra

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Jul
28

HotelFlex lets you check in and out of a hotel at whatever time you want

 Most would agree that the worst part of traveling is timing the hotel check in. Either you get off a redeye and have to figure out what to do all day while waiting to check in, or you arrive late at night and waste money paying for a room you didn’t get to use all day. Enter HotelFlex. Part of Y Combinator’s summer 2017 batch, the startup wants to change the way hotels operate… Read More

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Jul
28

Netflix Delivers A Stellar Quarter - Sramana Mitra

Nothing appears to be blocking Netflix’s (Nasdaq: NFLX) growth as it continues to add subscriber base and deliver financial performance that outpaces market expectations. The recently reported...

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Original author: MitraSramana

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Jul
28

Bootstrapping from Finland: Vainu CEO Mikko Honkanen (Part 5) - Sramana Mitra

Sramana Mitra: How many customers do you have in all? Mikko Honkanen: A little bit more than 1,200 customers. Sramana Mitra: What has been your experience with the US? Three markets are Scandinavian...

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Original author: Sramana Mitra

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Jul
28

Mattress startup Purple merges with NY shell company in $1.1 billion deal

 Purple, a Utah-based mattress startup, announced today it will merge with Global Partner Acquisition Corp (GPAC) in a deal that would value the company at $1.1 billion. The new deal is known as a “reverse merger” and would result in Purple becoming a publicly traded company overnight, but without the formal IPO process. Read More

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Jul
27

Dropbox is reportedly inching closer to a potential IPO

 Dropbox may be taking another step in its very slow shuffle toward an IPO, and is now working with Goldman Sachs to prepare documents that could be filed as soon as this year, according to a report by Bloomberg. The company is expected to hire Goldman Sachs as the lead advisor of the IPO process, according to the report. Read More

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Jul
27

Roundtable Recap: July 27 – Slow Beginning, Steady Growth - Sramana Mitra

During this week’s roundtable, we had as our guest Hugh Massie, CEO at DNA Behavior International, a company that had a slow start and hovered in the $2-3 Million revenue range for the first six...

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Original author: Sramana Mitra

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Jul
27

Timekettle’s WT2 real-time translation earpieces enable ordinary conversation across language barriers

At TechCrunch’s event in Shenzhen last month, we had a chance to test out the WT2, a clever and ambitious device from startup TimeKettle. It’s a pair of wireless earpieces; each person in a multilingual conversation wears one, and they translate what’s said into the language spoken by each participant. Essentially it’s a Babel fish, though admittedly a rough draft of one. Read More

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Jul
26

Man and Superman: Intersubjective Realities - Sramana Mitra

By Guest Author Frank H. Levinson In the previous three segments of this series, we looked at what a singularity is and as part of evidence for the possibility of a technology singularity, we studied...

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Original author: Sramana Mitra

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Jul
26

Thought Leaders in Artificial Intelligence: Josh Sullivan, SVP and Angela Zutavern, VP of Data Sciences at Booz Allen Hamilton (Part 3) - Sramana Mitra

Sramana Mitra: Do you want to take a different example from a different vertical perhaps and illustrate more of your point of view? Angela Zutavern: We can talk about healthcare. We partnered with...

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Original author: Sramana Mitra

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Jul
26

10 Founders On How They Built Their Successful Tech Startups In Podcasts - Sramana Mitra

Since startup ideas take entrepreneurs down many different paths on the way to becoming profitable businesses, here are the stories of a wide variety of founders and CEOs on how their startup ideas...

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Original author: Sramana Mitra

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Jul
26

Money Is A Consensual Hallucination

My favorite Onion article of all time (from 2010) is U.S. Economy Grinds To Halt As Nation Realizes Money Just A Symbolic, Mutually Shared Illusion. It starts off with some Bernanke brilliance.

“Though raising interest rates is unlikely at the moment, the Fed will of course act appropriately if we…if we…” said Bernanke, who then paused for a moment, looked down at his prepared statement, and shook his head in utter disbelief. “You know what? It doesn’t matter. None of this—this so-called ‘money’—really matters at all.”

“It’s just an illusion,” a wide-eyed Bernanke added as he removed bills from his wallet and slowly spread them out before him. “Just look at it: Meaningless pieces of paper with numbers printed on them. Worthless.”

This is not a new idea. From William Gibson’s book Neuromancer, one of the most important sci-fi books ever which established the idea of cyberspace in 1984.

“Cyberspace. A consensual hallucination experienced daily by billions of legitimate operators, in every nation, by children being taught mathematical concepts… A graphic representation of data abstracted from banks of every computer in the human system. Unthinkable complexity. Lines of light ranged in the nonspace of the mind, clusters and constellations of data. Like city lights, receding…”

Back to the Onion article.

“Sen. Orrin Hatch (R-UT) finally shouted out, “Oh my God, he’s right. It’s all a mirage. All of it—the money, our whole economy—it’s all a lie!”

Now, ponder Bitcoin.

“I’ve spent 25 years in this room yelling ‘Buy, buy! Sell, sell!’ and for what?” longtime trader Michael Palermo said. “All I’ve done is move arbitrary designations of wealth from one column to another, wasting my life chasing this unattainable hallucination of wealth. What a cruel cosmic joke,” he added. “I’m going home to hug my daughter.”

Or Ethereum.

“A few U.S. banks have remained open, though most teller windows are unmanned due to a lack of interest in transactions involving mere scraps of paper or, worse, decimal points and computer data signifying mere scraps of paper.”

I just read Kenneth Rogoff’s The Curse of Cash: How Large-Denomination Bills Aid Crime and Tax Evasion and Constrain Monetary Policy. I literally have zero cash in my wallet. On a daily basis, I’m dealing with very large sums of money across multiple companies, but it has completely become a functional abstraction to me.

As I did a fairly sophisticated transaction on my computer yesterday that moved cash into a cybercurrency, I had the phrase “money is a consensual hallucination” echoing in my head. Math and computers are helping reinforce this. And the government is watching.

Also published on Medium.

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Original author: Brad Feld

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Jul
26

Billion Dollar Unicorns: Ticket Monster To Invest In Groceries - Sramana Mitra

South-Korea based mobile e-commerce marketplace Ticket Monster has the distinction of being acquired by two Billion Dollar Unicorns LivingSocial and then Groupon, both of which spun it out. Today,...

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Original author: Sramana_Mitra

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Jul
26

Bootstrapping from Finland: Vainu CEO Mikko Honkanen (Part 3) - Sramana Mitra

Sramana Mitra: You had a bunch of paying customers before building the product. How much were they paying for the annual upfront payment? How did you find these companies? Mikko Honkanen: We use our...

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Original author: Sramana Mitra

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Jul
26

Vicarious gets another $50 million to expand its research team and build smarter robots

 Elon Musk and Mark Zuckerberg might not be able to agree about much when it comes to AI these days, but the pair do seem to see the same potential in Vicarious, a startup applying unsupervised learning techniques to robots. Musk and Zuckerberg were two of the early backers of Vicarious. The startup announced that it raised an additional $50 million in financing this morning (via… Read More

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Jul
26

Momenta raises $46M Series B for its self-driving car software

 Beijing-based Momenta announced this morning that it raised a $46 million Series B round led by NIO Capital, Sequoia Capital China and Hillhouse Capital. Momenta produces self-driving car software that applies deep learning to mapping, path planning and object recognition problems. Shunwei Capital, Sinovation Ventures, Unity Ventures and Daimler also participated in the round.Quite a few U.S. Read More

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Jul
25

SEC regulators are coming after ICOs

 It looks like ICOs, shorthand for initial coin offerings, are about to undergo a lot more scrutiny.The SEC has concluded that the digital currency financing events will be regulated as securities, meaning unregistered offerings could be subject to criminal punishment. The decision was announced on Tuesday.To reach its findings, regulators evaluated an offering facilitated by “The… Read More

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Jul
25

$47 billion has been invested into ridesharing startups — here are 10 other things that money could buy

 When the ridesharing industry emerged in 2007, few would have believed it would grow into the cash-eating behemoth it is today. Dozens of companies, in hundreds of markets, have garnered just over $47 billion in equity and debt investment. To put that into perspective, we’ve put together a list of 10 things you could have bought instead. Read More

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