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The Mediocre Returns of Extraordinary Technologies | Frontier Economy
"technological advance quickly turns the cutting-edge into the well-known. Today’s closely guarded trade secret is tomorrow’s boring line of work, their basic principles described in an introductory physics text, and as the universe seems to provide many different ways to achieve the same effect, patents are of little use."
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technological advance quickly turns the cutting-edge into the well-known. Today’s closely guarded trade secret is tomorrow’s boring line of work, their basic principles described in an introductory physics text, and as the universe seems to provide many different ways to achieve the same effect, patents are of little use.
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in a world that generally has few truly sustainable entry barriers — most of them being specific natural resources like fissionable material or fossil fuels — prices are driven by costs, not utility.
Startups and Work: Europe vs the US
"Business-wise, I prefer the US. However, outside of that, there's a lot to be said for Europe. I also think that some of what's good about business in the US is coming to Europe, albeit slowly in some cases, in Europe. People my age here can see what's going on elsewhere, and try and copy what they like. A lot of what's good about Europe, though, might be more difficult to import into the US, especially the livability of the cities."
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Business-wise, I prefer the US. However, outside of that, there's a lot to be said for Europe. I also think that some of what's good about business in the US is coming to Europe, albeit slowly in some cases, in Europe. People my age here can see what's going on elsewhere, and try and copy what they like. A lot of what's good about Europe, though, might be more difficult to import into the US, especially the livability of the cities.
The Good Guy Behind "Don't Be Evil" and Google Mail
"The very first version of [AdSense] was actually a side project while I was working on Gmail because we had no way of making money for Gmail.... I just built it one night and released it on our internal prototype of Gmail."
A VC: We Need A New Path To Liquidity
"there is another private liquidity market under development called Opus-5. The idea behind both of these new emerging (and currently illiquid) markets is to provide a place for private equity investors to trade securities with each other."
The Mythical Business Layer
"If you’ve developed software for long enough, you’ve most certainly heard of a 'business logic layer.' .... [it] is a bad design that leads to bad software. Or at the very least, dangerously poor semantics."
Let's Get Real About Bear
"The shareholders at Bear have been essentially wiped out. Note that a third of the shares of Bear were owned by Bear employees. Many of them have seen a lifetime of work and savings wiped out, and their jobs may be at risk"
Escaping the Entrepreneurial Seizure: Interview with Michael Gerber
"Entrepreneurs invent businesses that work without them. Technicians create businesses that work because of them. The entrepreneur is liberated from what I call the “tyranny of routine,” and the technician becomes a slave to it."
Theory P: The Philosophy of Managing Programmers
"Over the last 100 years, three distinctly different theories of management have emerged: Theories "X", "Y" and "Z". All three are based on how management perceives the work force in terms of their intelligence level, motivation and attitude"
The Ebb and Flow of Movies: Box Office Receipts 1986 - 2007
Wonderful interactive timeline showing box office receipts for many movies since '86
Free! Why $0.00 Is the Future of Business
"money is not the only scarcity in the world. Chief among the others are your time and respect ... we now have a handy way to convert from reputation (PageRank) to attention (traffic) to money (ads).... and Google plays the role of central banker"
An Engineer's View of Venture Capitalists
"VCs know how to deal with engineers, but engineers don't know how to deal with VCs. [...] Engineers are getting short-changed. [...] Engineers, armed with better information about how VCs operate, can work for more equitable solutions."
A rogue trader loses £3.7bn. Further proof that the stock market is nothing more than a fantasy world | Columnists | Guardian Unlimited
"we'd better come up with some kind of replacement barter system, pronto. Let's hope it's not based on sexual favours, or a simple trip to the supermarket's going to be downright harrowing."
Are Software Patents Evil?
"By granting such an over-broad patent, the USPTO in effect slept with Amazon on the first date. Was Amazon supposed to say no?"
Microsoft and the Commoditization of Software
"It no longer fits Microsoft's business model to have many individual offerings and to innovate with new application software. Unfortunately, this is exactly where free software excels and is making inroads."
a flight across Europe for $10 is indistinguishable from magic
"Is there really such a thing as a free lunch? Actually, there sometimes is. Craigslist really is free. Wikipedia really is free. [...]. It's all thanks to a combination of the falling technology costs of Moore's Law with the Gift Economy."
An Introductory Guide to Startup Funding
Short guide to startup funding, covering Boostrapping, Love Money, Angel Financing and Series A Financing
Silicon Valley Start-Ups Awash in Dollars, Again
"Internet start-ups are drawing investment based on their ability to build an audience, not bring in revenue — the very alchemy that many say led to the inflation and bursting of the dot-com bubble."
Reading List: Fog Creek Software Management Training Program - Joel on Software
Joel Spolsky presents the first draft of the mandatory reading list for his upcoming Management Training Program, consisting of 75 of the best business books and software management books ever.
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