An example of the insightful questions that some venture capitalists must ask before they decide to shower an app with money, so much money: Robyn Exton, the founder and chief executive of Dattch, a location-based dating app aimed at lesbians, once pitched her product to a venture capitalist who asked a colleague, ">Do you think if I invest, people will think I’m gay?"
Obviously, the answer is super.
The world-altering monetary miracle and/or freakshow that is Bitcoin was on full display at the Bitcoin 2013 conference in San Jose this May. There were more than a thousand attendees, among them bankers, libertarians, conspiracy theorists, sea-preneurs, developers, scantily clad vodka models, the Winklevoss twins, Internet Archive founder Brewster Kahle, Soft Skull Press founder Sander Hicks, and a large fraction of the world's Bitcoin experts. Also, in the lobby, roaming gangs of Imperial stormtroopers and superheroes, since there was a comics convention going at the same time.
So is Bitcoin a great invention, or a trainwreck in the making? Maybe!
Because it's decentralized and no third parties such as [...]
"AppData, a service that collects data about sites and services that connect with Facebook, indicated that Airtime had just 400 users a day and 10,000 over the course of a month, but Mr. Parker and other executives at the company suggested those figures were off. Nielsen and comScore, two independent analytics firms, both said that traffic to Airtime was so small that it did not yet register on their charts." —Aggressive Facebook-harvesting startup Airtime is surely going to pivot to a dong-related market.
The first in a series about youth.
When you're a kid, there are no limits on the world—everything seems possible. When he was seven, my brother truly believed that one day he'd wake up to see a T-Rex peering at him through his bedroom. (Yes, he had just watched Jurassic Park.) He also talked about inventing a plane that could withstand the strength of a tornado enough to fly within its wind currents, for a real bird's-eye view of the storm. To find out other would-be inventions and asked an assorted group of tech- and science-minded folks, "When you were young, what did you want to invent, discover or [...]
"Having some kind of notion what line of business your fledgling company might want to pursue used to be a prerequisite to raising capital. Now, it’s a mark of hubris. You don’t tell the market what it needs; you gently offer it a series of options, which are less viable concepts than ritual sacrifices aimed at cultivating the favor of the start-up gods. It’s called 'iterating.'"
Tmrrw I'll write about my favorite ice cream flavor & then spend three days dealing with press attacks about how unethical I am.
— Michael Arrington (@arrington) February 14, 2012
If you love Internet drama—and why wouldn't you? It's so spiritually refreshing and intellectually fulfilling!—don't miss the current "Silicon Valley tech reporter/investor" throw-down happening at multiple showcases near you. Here's a pretty good entry point: "This started when Nick Bilton of the New York Times posted an item criticizing Path, which had been caught up in a firestorm when it emerged that Path had been uploading entire address books from people’s iPhones. Bilton made the legitimate point [...]