Have you been in a New York cab recently? Sometimes prompted but more often not, drivers will want to talk to you about Uber. If you're in a yellow cab or a livery car, you will hear about Uber the virus, Uber the interloper, Uber the merciless invader; if you're in an Uber cab, or an Uber-adjacent green taxi, you'll hear about Uber the inevitable, Uber the strange, Uber the great (for now). It's been a boom time for untethered drivers—a magical stretch during which they could take advantage of high fares, high demand, and low barriers to entry all at once. It was acknowledged, rarely explicitly, that the arrangement [...]
What was money?
A medium of exchange; a system by which tokens were assigned value by a central authority for use within a regulated system of commerce.
What was money for?
Acquiring things that you needed to live or believed you needed to be happy.
What happened to money?
"Uber Technologies Inc. is seeking to join the $10 billion-plus club. The San Francisco-based startup, which makes a mobile application for car-service booking, is in talks to raise new financing in a round that may value it at more than $10 billion, according to people with knowledge of the situation. That would almost triple the company’s [...]
App updates seem to come in waves. One minute you've obsessively completed updates, the next minute, your folder or app store icon on your phone has a big red "22" badge on it. Around half of all updates are minor but useful bug fixes. Sometimes they're incredibly undersold security updates, a little trick Tumblr pulled this week when they realized that they were sending passwords in plain text. (No one really went crazy about this, surprisingly, because we live in password denial: "Some company that you exchange information with is going to reveal your password to someone else.") This week's app updates cluster revealed something more interesting: lots [...]
A "serial entrepreneur" is in "stealth mode" for his "new blog" which, he reveals, is going to "target female readers," because "so much of the new media publishing focus is still on men" and "there is a massive market failure going on right now" and "so few new media properties have tried to capture the demographic ." No, I've actually cherry-picked the good sentences
I know, it's so crazy, absolutely no one has touched the market for women online, now maybe finally someone will build a web publishing company that "targets female readers" and then take it public, because what an amaaaaazingly good [...]
To be fair, there are a thousand reasons to be based in New York City: it's great, the talent is great, it's magical, all that jazz. Don't like living or working anywhere else. Plus, there's a Starbucks everywhere for when you have a cruddy office with no conference room. That is A+. Oh but wait, why would you support a non-NYC startup with coffee money? Take that meeting to, say, Gregory's Coffee. But what has the City done for you lately, besides offering terrific mass transit service and a lack of affordable rent? Mayor Bloombucks has gone on the charm offensive once more about tech startups: "New York Mayor [...]
Why don't you lazy women want to throw away your money investing in pyramid schemes startups? This man literally doubled his money by angel investing—in just eight short years. Don't you silly girls want in on this big man business?
"In an e-mail to Stickybits's investors, the pair explained Turntable and gave them a choice: They could take back what money remained or stick with them. All except one kept the faith. Chasen's announcement, made the day the staff returned from the winter holiday, was abrupt: The developers, with one exception, would cease work on Stickybits immediately. The business side would wind down client relationships. Left unsaid: All except a skeleton crew would soon leave the company." —An enjoyable story about the path to date of Turntable.fm. It's also an interesting reminder that entrepreneurs may be "job creators" but also sometimes they lay off everyone along the way.