Hi. I'm Rick. I write, advise, and invest.
When we started the company we wanted to build something for the long term and sustainable,” he told interviewer David Rowan of Wired. “It’s not hard to sell a company, but if you look at [leading online] companies today like Facebook, Google, Yahoo and Twitter, they didn’t sell. They stuck around and built a great offering for users.” Koum acknowledged that these are all built on advertising, while WhatsApp is not, but the main idea remains: “For us it’s about [building] a company that is here to stay.
What a difference 21 days make. And $16 billion, I guess.
I was having lunch with my friend Mike Brillstein [a.k.a. L.A. DJ Thee Mike B] on our way to play golf. This guy came in and started talking to Mike, asking him what he’s up to. He said, “Oh, I just did a remix for the new Afghan Whigs album my friend here made.” I turn around, and it’s Bob Odenkirk! I loved Mr. Show and Breaking Bad. Then he asked me, “So, a new Afghan Whigs record, huh? It’s been a long time!” Bob then took a picture of the two of us together — me looking like a deer in the headlights in my golf shirt, not my finest hour — and said, “I’m going to tweet this. People are going to freak out!” I started saying he shouldn’t, that the label wants to announce it first. But then he did it anyway, said, “Okay, Greg! Good luck!” — then split. It was hilarious — such a Saul Goodman moment!
How it came to pass that Bob Odenkirk announced the new Afghan Whigs album.
An incredible political and economic experiment is playing out within San Francisco and its metropolitan area. The tech boom and the hyper-gentrification associated with it are testing the resolve and character of the city in a way the city or any other major American city has never experienced…
We could end up witnessing a San Francisco that reflexively tightens up its tenant protections and votes overwhelmingly against condominium development projects… On the other end, the city could become a Manhattan-esque playground for the rich of haute cafes that serve $4 toast, a place where community development centers get evicted and replaced by fusion restaurants catering to the whims of the latest food trends.
I’m not advocating one solution or another, but NY’s building boom is probably THE ONE THING bloomberg allowed that made this stupidly expensive city affordable at all. Zillions of people are moving into SF. There aren’t that many places to move in to. What was going to happen other than send prices through the roof and make it unaffordable.
The same thing happened to Seattle. They build. Lots. And it stayed relatively affordable. And quite a nice place, to boot.
I know I don’t live there anymore, but i don’t think people are advocating tearing down the wonderful old painted ladies and whatnot. But as small as that city is, there are plenty of places to more apartments if they wanted to.
What is ‘work’, anymore? In context of capitalism/communism (and the old industrial economy), ‘work’ had basically meant a ‘worker’ getting paid to do some tangible, quantifiable task. E.g. I pay you $5 to move those 100 widgets. Or, maybe you get a loaf of bread if you move those 100 widgets.
But, in terms of the modern, knowledge economy, work means something different. I don’t need someone to move widgets. What I need is more content, better design, more aesthetics, more culture, more entertainment, more research and development. None of these are quantifiable or fungible.
My Star Trek Economics piece blew up on Hacker News today. Some of the comments are wonderful. You could write a whole essay just on this comment about the migration of work from producing widgets to producing knowledge - something that most economic models just skip over.
"We live in a world where losing your phone is more dramatic than losing your virginity"
Um ok but I don’t recall my virginity having 16 GB of memory with all my contacts, music, photos, calendars, and apps or costing over $200.
my phone is an expensive and important material object and not a useless social construct put in place to shame and commodify women
Plus I remember where I lost my virginity.
And it wasn’t in the back of a cab. TWICE.
rachelfershleiser should make this happen!
A phone app that shows you what ebooks people nearby are reading and you just swipe yes or no. We can call it Kinder.
In Rachel’s defense, she did try once!
BUT THE DREAM LIVES ON.