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Hanging up my spurs

lowercasecapital.com

81–90 of 195 posts

Re: Hanging up my spurs

#81
post #38
post #34

Earlier quoted context omitted.

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.

The vast majority of the products we'd associate with those companies were made long after they could be considered startups.

Re: Hanging up my spurs

#82

Chris Sacca is one of the few VCs that people outside of the SV bubble and even the tech world know and associate with the valley. He, along with Mark Cuban & potentially a few others will likely be part of the few of this era remembered many decades from now when history gets consolidated into a few figures, much like Gordon Moore of Intel & William Shockley of the Mountain View of the 1950's.

Mark Cuban got rich of one deal that probably shouldn't have happened in the first place. He got very lucky.

Anyone can get it. The hard part is keeping it. Cuban has made solid choices.

Re: Hanging up my spurs

#83
post #29

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.

Well, perhaps. But Sacca is great at it. Ferriss pulled out because he's no good at it. (Easier to be a charlatan in books rather than investing).

Re: Hanging up my spurs

#84

Earlier quoted context omitted.

Mark Cuban got rich of one deal that probably shouldn't have happened in the first place. He got very lucky.

Anyone can get it. The hard part is keeping it. Cuban has made solid choices.

That's true. But the effects of leverage and as they say in Dutch 'the devil shitting on the larger heap' (meaning: that once you have money it becomes a lot easier to make more of it) should not be underestimated.

Re: Hanging up my spurs

#85
post #60

Earlier quoted context omitted.

It's not a strawman opposition when you see people you work with unable to re-enter the country, environmental leadership questioning the human role in global warming (or even the role of CO2 in warming!), members of organizations that openly identify with the Nazi movement as first tier advisors to the president, etc... This is not a strawman, this is real and it's worth fighting. So are the other things you mention…

Everyone is free to pick their fight, sure, but when people have accumulated great power there is great responsibility, no? And if these people come from a philosophical and cultural and political monoculture, I think it's reasonable to be suspicious about them. FWIW, I feel the same way about the energy execs and crooked politicians--except in the case of at least Trump, there is at least a mandate of government gra…

"except in the case of at least Trump, there is at least a mandate of government granted by the people that voted for him."

More people voted for Not Trump than voted for Trump.

Re: Hanging up my spurs

#86
post #26
post #18

He's in the extremely privileged position to fund ten thousand people's potentially world-changing dreams. Instead, he's going to squander it podcasting in his pajamas. We need someone with the ambition Paul Graham had when he launched Y Combinator. Silicon Valley is still not a meritocracy. There are still tens of thousands of ambitious people not receiving funding. There's still no way for the early users of massiv…

> He's in the extremely privileged position... When you achieve a position by working very hard and risking nearly everything you have, I wouldn't consider that a "privilege". He earned the right to do whatever he wants.

I can easily find a dozen or so people who work just as hard, and are nowhere near as successful. While I won't discount what he achieved, privilege is definitely the right word.

Re: Hanging up my spurs

#87
A very nice write up ruined by very partisan ramblings in the end. There is nothing wrong in believing in liberal cause, but to consider the other side as devil incarnate is a bit disturbing.

Re: Hanging up my spurs

#88
post #87

A very nice write up ruined by very partisan ramblings in the end. There is nothing wrong in believing in liberal cause, but to consider the other side as devil incarnate is a bit disturbing.

I don't understand the logic that just cause someone is in a political party doesn't mean they can be evil and subsequently vilified.

Re: Hanging up my spurs

#89

Earlier quoted context omitted.

Mark Cuban got rich of one deal that probably shouldn't have happened in the first place. He got very lucky.

Anyone can get it. The hard part is keeping it. Cuban has made solid choices.

> Anyone can get it.

Please get me a couple billion dollars if it's so easy. Thanks.

Re: Hanging up my spurs

#90

So smart money is leaving startup/VC/SV...it'd be interesting to see who's been swimming naked all these years when the bubble bursts this Fall edit: oooh, definitely a touchy subject around here ;)

I thought the bubble was going to 'burst' in 2012. I also thought the Vancouver RE market was going to burst 10 years ago too in 2007. And it still hasn't burst, it just flatlined and then kept on going.

Bubble prediction is a difficult game to play.

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