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Has anyone else noticed that a bunch of people leaving the investing scene/liquidizing in the past year are part of the same circle? Specifically Sacca, Tim Ferriss, and Richard Branson? I'm certain there might be more people.
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Yes, I believe in this whole technology "koolaid" thing. I'm sure you don't use anything created by startups in your daily life, like products from Google, Apple, Microsoft, Facebook, Twitter, Reddit, YouTube, Tesla, Ford, Amazon, etc.
Apple and Google are startups now? Only in the sense that pretty much every company in existence was a startup (in the broadest sense of the word) once.
Has anyone else noticed that a bunch of people leaving the investing scene/liquidizing in the past year are part of the same circle? Specifically Sacca, Tim Ferriss, and Richard Branson? I'm certain there might be more people.
Leaving the investing scene and liquidating their positions aren't the same thing, and Chris didn't say anything about selling his stock.
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Apple and Google are startups now? Only in the sense that pretty much every company in existence was a startup (in the broadest sense of the word) once.
Considering Ford is on the list is sounds like he's more of a corporatist.
https://en.wikipedia.org/wiki/Ford_Model_T
"It is generally regarded as the first affordable automobile, the car that opened travel to the common middle-class American; some of this was because of Ford's efficient fabrication, including assembly line production instead of individual hand crafting."
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Considering Ford is on the list is sounds like he's more of a corporatist.
How about technologist? https://en.wikipedia.org/wiki/Ford_Model_T "It is generally regarded as the first affordable automobile, the car that opened travel to the common middle-class American; some of this was because of Ford's efficient fabrication, including assembly line production instead of individual hand crafting."
If you don't think every major corporation doesn't have quite a few technological gems hidden up their sleeves you're fooling yourself.
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No, he's not squandering anything. He's placing a higher value on time with his kids and wife than on time with an "ambitious" founder. No one deserves anything or is required to do anything.
Yes, of course it's his right to do whatever he wants. I'm just suggesting there's a moral imperative to do something when you can. "With great power comes great responsibility." "To whom much is given, much is required." That kind of thing. It's amazing how few people in Silicon Valley make a billion dollars and then go on to do anything useful with it at all. This criticism applies to the ten thousand people, like…
Chris Sacca's background story is little known and he talks about it at length with Jason Calacanis. The part about him losing millions while still at university is as shocking as his recovery from the setback is amazing. Check out https://www.youtube.com/watch?v=6VOQnK7O2To
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Apple and Google are startups now? Only in the sense that pretty much every company in existence was a startup (in the broadest sense of the word) once.
Yes, exactly. You don't get the output of a big Apple or Google without them existing initially as startups. Mark Markkula funded Apple. Andy Bechtolsheim funded Google. These didn't happen by accident. They weren't inevitable.
But now you're just arguing that companies build the products we use and companies start small which, while overwhelmingly true, is hardly a statement about the output of technology startups specifically.
>no better way to create technology than startups How did the Koolaid taste? You certainly must have drunk enough of it.
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Leaving the investing scene and liquidating their positions aren't the same thing, and Chris didn't say anything about selling his stock.
I'm not saying they're the same thing. But there is the appearance that they are effectively "getting out of the game". Not mentioning he is selling stock doesn't mean he hasn't sold some of it. Especially considering Sacca has a lot of Twitter stock and he's ridden the rise and fall from $90+ down to its current levels.