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David Semeria › Comments

David Semeria
Re: The Coming Information Age (Possible Book Outline) - http://continuations.com/post...
"I think your outline covers a lot of ground Albert. What is perhaps missing is a description of the overarching thesis. For example, I'm a fan of Darwinism as applied to many areas, not just biology. I think this was the key problem with Communism: it contained no mechanism for natural selection. If I understand your thinking correctly, you're saying the overall rules of the game will remain Darwinian, but the features necessary to prosper are undergoing very profound change. I think the reader would appreciate a simple such summary (an elevator pitch if you like) -- it's something they can keep in mind as they process the various sections of the book." - David Semeria
David Semeria
Re: Greatest GIF Ever - http://avc.com/2014...
"David Karp: Thank you, Mr. President, for inviting Tumblr to your house. President Obama: Well, it's a rental house Quality." - David Semeria
David Semeria
Re: Technology, Time Preference and the Return on Capital (Companies) - http://continuations.com/post...
"Indeed. But how can one "buy attention out of cash flow" if one needs attention to get the cash flow in the first place? I agree that attention is the scarcest resource of all, but there is a finite number of Kickstarter projects I can get organically interested in per month. After that, my attention is essentially bought..." - David Semeria
David Semeria
Re: Technology, Time Preference and the Return on Capital (Companies) - http://continuations.com/post...
"Albert, I think you're only looking at half of the equation. If it's true that it's now much cheaper to get into business, that must also be true for your competitors. In other words, the capex barrier has simply been moved from the launch to the traction phase. I would argue that bottom-up, zero SEM, initiatives like Google, Facebook and Twitter will go down in history as statistical blips. In a market as efficient as the web, access to capital -- I believe -- will represent a key advantage, simply for the exposure it can buy." - David Semeria
David Semeria
Re: This Is What Happens When You Let A Monopoly Own The Last Mile - http://avc.com/2014...
"This is remarkable and, to us Europeans at least, pretty un-American. What was the logic in allowing local communication monopolies?" - David Semeria
David Semeria
Re: Some Thoughts on iOS8 - http://avc.com/2014...
"That's very smart Fred. Even if you, like me, resent much of Apple's "control freak" DNA, a world with just one dominant mobile OS is not a nice world..." - David Semeria
David Semeria
Re: Health Care’s Inflection Point - http://avc.com/2014...
"That, as you know, is the (temporary) price one sometimes has to pay for being disciplined." - David Semeria
David Semeria
Re: Health Care’s Inflection Point - http://avc.com/2014...
"Rigor on investment thesis and rigor on price. It's remarkable how many professional investors have neither." - David Semeria
David Semeria
Re: Fun Friday: What Sports Team Would You Buy If You Could? - http://avc.com/2014...
"The Mighty Red Machine -- Liverpool Football Club" - David Semeria
David Semeria
Re: Grading Colleges? - http://avc.com/2014...
"A democratic society rests on the concept of voting our politicians. A meritocratic society is simply an extension of this idea. Good service needs to rise to the top and bad service needs to fall away. And not just universities. Post offices, banks, plumbers, you name it. I've dedicated my last three years to making this happen in a clear and open way." - David Semeria
David Semeria
Re: Passing It Down - http://avc.com/2014...
"Thanks LE. The problem is not the playing, it's the building. It took me all of Saturday to build the bloody plane, but then they spent most of Sunday playing with it. I guess they're a bit spoilt (they've got several helicopters like the one in your picture, for example)." - David Semeria
David Semeria
Re: Passing It Down - http://avc.com/2014...
"It's more of a question of attention spans: they seem decrease with every generation. Mine was a lot shorter than my father's and my kids are no different." - David Semeria
David Semeria
Re: Passing It Down - http://avc.com/2014...
"Duplicate" - David Semeria
David Semeria
Re: Passing It Down - http://avc.com/2014...
"Um, my weekend project with my boys (9 & 11) was to build this Lego plane. As usual they were in a mad rush to get it finished but I tried to explain that if you don't get the gears and cogs just right, it won't work and we'd have to dismantle it to fix it. So slow and careful was best... Yeah right. After 10 minutes they got bored and went back the instant gratification of games on their Nexus 7s. Made me think: I would have killed for a plane like that at their age...." - David Semeria
David Semeria
Re: Feature Friday: Tablet Stand - http://avc.com/2014...
"This one also looks very cool" - David Semeria
David Semeria
Re: Feature Friday: Tablet Stand - http://avc.com/2014...
"That's pretty cool..." - David Semeria
David Semeria
Re: Information Capital (in the 21st Century) - http://continuations.com/post...
"I'm guessing that's the disadvantage of replying by email -- you don't get to see the edits to the comment you're replying to. You definitely have a point though. Need to think more about this." - David Semeria
David Semeria
Re: Information Capital (in the 21st Century) - http://continuations.com/post...
"Albert, you know I'm a fan -- so please take any objections as constructive. That said, it's still not clear to me how pre-orders on Kickstater or Indiegogo cannot be viewed as capital. A web service can interpret its new orders as both information or increased working capital. But so could Henry Ford in 1903." - David Semeria
David Semeria
Re: Information Capital (in the 21st Century) - http://continuations.com/post...
"Whilst it's true that Albert is (very laudably) iterating his thinking on these issues in public, you still make a killer point. There is a fundamental tension between information being commercially useful and it being widespread -- as any insider trader will confirm. It's not clear from Albert's post whether he's measuring the "value" of information in corporate terms or social ones. The post begins with clear "factors of production" overtones, but then ends on a social note. If we're talking about predominantly non-public information (and I don't think we are) then nothing really changes -- whoever has an information advantage has a competitive advantage: same now as it ever was (cf. high-frequency trading). If, on the other hand, the information is predominantly public then clearly there is no advantage to having access to it. In this case Albert's concept of "non-rivalry" stands, but it is the ability to process the information (both in terms of knowledge and resources) that..." - David Semeria
David Semeria
Re: Options and Offer Letters - http://avc.com/2014...
"And I wouldn't hire someone who wouldn't want to work for a CEO who doesn't already know something so basic." - David Semeria
David Semeria
"Pope said thanks for the message. He added that he always tells Texans to be patient with the BBQ. "Put the meat high up and cook it slowly" were his exact words." - David Semeria
David Semeria
"Good stuff BRC. Vision is shared piecemeal with the team on a need-to-know basis. Mission is painted on the stable door in big red letters." - David Semeria
David Semeria
"Hi Mark. Yes, that's what certificates are for." - David Semeria
David Semeria
"And then there are those texts that are unintelligible even after decryption ;-)" - David Semeria
David Semeria
"The big breakthrough came with the invention of asymmetric (or public key) cryptography (link). To communicate securely, both parties needed to know a "shared secret" which is used to encrypt the messages. This raised the paradoxical question of "how do I securely communicate a shared secret with somebody over an unsecure network?" Asymmetric cryptography is the answer, and it's actually very easy to understand. I send you a small metal box which contains an open padlock. You put the secret to be shared inside the box and then close it with the padlock and sent the box back to me. Since I'm the only person with the key to the padlock, only I can see inside the box. Voilà! We have managed to securely share a secret over an unsecure network. In this analogy, the metal box is the public key and the padlock key is the private key. This is why exposing your private key (or having it cracked) is such a big deal. If that happens anyone can look inside the box. Once the shared secret is..." - David Semeria
David Semeria
"Good work Albert. Apart from the donations = surrogate_of_votes issue which you have already addressed in the comments, I don't have any nitpicks. Keep these posts coming..." - David Semeria
David Semeria
Re: Fun Friday: Hangover Cures - http://avc.com/2014...
"Morning, Bruce!" - David Semeria
David Semeria
Re: Fun Friday: Hangover Cures - http://avc.com/2014...
"Well that's a practical solution, Liad." - David Semeria
David Semeria
Re: Fun Friday: Hangover Cures - http://avc.com/2014...
"Party animal" - David Semeria
David Semeria
Re: Fun Friday: Hangover Cures - http://avc.com/2014...
"In times like these a stiff Bloody Mary is the only cure. Fight fire with fire." - David Semeria
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