Mar 07, 2016

VCs becoming more risk-averse, startups moving slower:

https://blog.ycombinator.com/fundraising-advice-for-yc-compa...

http://heidiroizen.tumblr.com/post/139377970205/dear-startup...

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Great paper that compares and contrasts the 3 industrial revolutions: 1) steam/railroads, 2) electricity/internal combustion engine/running water/chemicals/petroleum, 3) computers/phones/internet. Author reflects on likely future challenges and what we can do to get back to growth.

http://www.nber.org/papers/w18315.pdf

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Required reading for thoughts on the state of US industry, life, liberty, GEICO insurance, etc. (mostly outside of tech): http://www.berkshirehathaway.com/letters/2015ltr.pdf

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My thoughts, in response to an article about the end of Moore's Law, and the need to design more efficient software as advances in hardware slow down:

I think we're going to see this phenomenon - wringing efficiency out of what we have now - across a lot of different fields and industries in the coming years.

One example is the whole IoT movement. Most of the real (industrial, medical, automotive) applications are efficiency/cost-savings focused. The central theme is connecting devices that we have now to better monitor, analyze, and utilize what we've already built.

Another example that is a bit further removed from computers is the whole Uber/car sharing trend. At any given time 95% of the cars in the world are parked somewhere, not in use. Even if we could only bring that down by 5%, we would be utilizing billions of dollars in capital more efficiently.

I also strongly believe that we will see this reflected in living situations with growing urban cores/hubs of activity and jobs. Suburbs are no longer economically viable at the scale at which we built and inhabited them post WWII, and as the infrastructure begins to decay and inequality increases, more and more people will move to the city to take advantage of the economies of scale of living a dense, vertical lifestlye.