Author: tremendousblog
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“Still, I had to accept the impossible, final truth: GO was gone. Six years, hundreds of jobs, $75 million — all gone.” Jerry Kaplan ‘It Was Pure Magic’ In 1989, GO Corporation created the first tablet computer: the PenPoint. Twenty-one years before the iPad, PenPoint took computing from clunky towers…
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As China’s economy reels, youth unemployment has hit 21% — on par with Italy. A Dollar An Hour – With a College Degree From a Financial Times report: Job opportunities scream from posters at an employment fair in central China’s Zhengzhou. “Join us for the future!” urges one advertising positions…
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The Chinese social contract is simple: give us a good economy, and we’ll stay out of politics. The problem is, that contract is breaking down. The Chinese economy has 3 pillars. Today, all 3 are under extreme stress. The 3 Pillars Meanwhile, the US, China’s biggest trading partner by far,…
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Who do you think are the largest employers in America? General Motors, McDonald’s, maybe Starbucks? Just 14 years since the launch of Uber, gig work platforms are now 3 out of the top 5 employers in the country. Here’s Forbes’ list of America’s largest employers: Let’s add gig work. The…
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“We have $20 million worth of LOI’s with major companies in the space.” Whenever I see a phrase like that, I roll my eyes. Letters of Intent (LOI’s) are one of a series of what I call “meaningless metrics.” They’re supposed to show that a startup is doing well, but…
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Seed investors are souring on AI startups. Seed funding for AI and machine learning startups is down by over 50% year over year, according to a new report by Fortune: “I think investors are growing a little bit fatigued with the seed investments they made two to six months ago…
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+ AI, Artificial Intelligence, Finance, Investing, Money, Silicon Valley, Startups, Tech, Venture Capital+
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While I was doing some Googling last week, a little box popped up. “Use generative AI?” I was skeptical…could it really compare to GPT-4? But I had to give it a shot! For the last few days, I’ve been running one query after another through the new Google Search Generative…
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Why do I love down markets? What do venture capitalists and Hasidic diamond merchants have in common? I dug into that and more at a great Q&A session recently with interns at Starta VC in NYC. Here are some of my favorite moments: 10:13: How pro rata rights work. 12:16:…
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+ Entrepreneur, Finance, Investing, Money, Silicon Valley, Small Business, Startups, VC, Venture Capital+
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Jim* had an interesting product, but I was having trouble following his pitch. He skipped from idea to idea and feature to feature, leaving me confused. Jim: “SaaSy is a sales tool for teams. Here’s the messages screen. This is where you go to book a meeting. We’re planning on…
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In 2009, a small startup called Square was raising its Series A. Andreessen Horowitz saw the deal and passed. That mistake cost them $4.8 billion. The Pitch Square (now Block) had a big idea: make it easy for small merchants to take credit cards. It had an awesome product: a…
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Tremendous 