In the spirit of graduation month (June), worth sinking into Reid Hoffman’s The Three Secrets of Highly Successful Graduates
“Entrepreneurs don’t need to be impulsive, head-strong, bombastic, or have operating experience,” shared Professor Irv Grousbeck in his “Last Lecture” talk with the Stanford GSB Class of 2013. Below are 5 attitudes Grousbeck believes successful entrepreneurs possess:
1. An unending…
“In a small company employees are more likely to optimize for the company rather than for themselves. This is important because employees make lots of small local decisions every day. At a small company there is a lot of social and cultural pressure, often along with direct financial incentive and intrinsic motivation to do what is best for the company. At many big companies the main incentive is to avoid getting fired and to look good, which leads to decisions that aren’t quite optimal for the company.”link >
“If other people can’t use pull-to-refresh, they can never build on top of it either.”
yes. that’s the point. software is an ecosystem. it’s like music. we should not be patenting it.
Loren Brichter -
Modern Portfolio Theory is based partly on the assumption that investors bearing risk need to be compensated in the form of higher average returns on their investments. Stocks are riskier than Treasury Bills so we expect them to have higher average returns and data shows that they do. In this TechCrunch story, Professor Paul Pfleiderer argues that Modern Portfolio Theory is the best investment methodology out there. http://stnfd.biz/kNCGG
A source close to Yahoo says that CEO Marissa Mayer believes summarization technology is “going to be huge for Yahoo” as it builds “personalized news feeds” into mobile versions of its “core experiences,” including Yahoo Finance and Yahoo Sports.
Yahoo believes summarization technology will be especially important because phones have much smaller screens than the desktop computers where Yahoo products are mostly used now.” link >
Back in August, I wrote a post teasing Mailbox, the new app from the team behind Orchestra. Today, they’re ready to reveal a bit more. The video above offers a taste, but I’ll have more thoughts to share later on.
Put simply: this is the most excited I’ve been about an app in a long time. I’ve been testing it out for a few weeks now and it’s already the app I use most often. I say this, of course, as a happy investor, but I shit you not: if you hate email, you’re going to love this app when it comes out in a few weeks. It’s fucking amazing.
“Marcus is literally gutting PayPal’s offices, removing all dividers and cubicles, enabling a more open work environment among product, design and engineering teams. The idea is for engineers, designers and product managers to be in one place. Marcus, who is a serial entrepreneur and has founded and sold multiple startups, says this way of development and operation is the only way he knows how to iterate successfully. “We’re trying to enable people to iterate and innovate and are putting more of an emphasis on A/B testing products, accelerating product buildups and more. The idea is for PayPal to function more like a startup.””link >
“Luck and skill are tightly, linked. If you get lucky early in life, you get to hang around smarter people, which makes you smarter and that process self-reinforces. If you can get connected to great networks of people those network connections similarly self-reinforces. As just one example, it is a powerful determinant of success in VC to be able to invest only in” referred deals” sent in by smart people with sound judgment. The highest quality startups with the best talent are attracted to past success of a VC and that self-reinforces success. Importantly, exposure to smarter/better startups over time actually makes VCs smarter and have better pattern recognition skills and judgment.”link >