Saturday, January 09, 2016

Paul Graham's Social Essay


The Refragmentation by Paul Graham



Though strictly speaking World War II lasted less than 4 years for the US, its effects lasted longer. Wars make central governments more powerful, and World War II was an extreme case of this. In the US, as in all the other Allied countries, the federal government was slow to give up the new powers it had acquired. Indeed, in some respects the war didn't end in 1945; the enemy just switched to the Soviet Union. In tax rates, federal power, defense spending, conscription, and nationalism the decades after the war looked more like wartime than prewar peacetime. [3] And the social effects lasted too. The kid pulled into the army from behind a mule team in West Virginia didn't simply go back to the farm afterward. Something else was waiting for him, something that looked a lot like the army. ....... John D. Rockefeller said in 1880..... The day of combination is here to stay. Individualism has gone, never to return..... He turned out to be mistaken, but he seemed right for the next hundred years............. What happens now with the Super Bowl used to happen every night. We were literally in sync. ........ In his autobiography, Robert MacNeil talks of seeing gruesome images that had just come in from Vietnam and thinking, we can't show these to families while they're having dinner. ......... the "red delicious" apples that were red but only nominally apples. And in retrospect, it was crap. .........

For most of the 20th century, working-class people tried hard to look middle class. You can see it in old photos. Few adults aspired to look dangerous in 1950.

........ But the rise of national corporations didn't just compress us culturally. It compressed us economically too, and on both ends. ........ Along with giant national corporations, we got giant national labor unions. And in the mid 20th century the corporations cut deals with the unions where they paid over market price for labor. Partly because the unions were monopolies. ......... Much of the de facto pay of executives never showed up on their income tax returns, because it took the form of perks. ....... The ultimate way to get market price is to work for yourself, by starting your own company. That seems obvious to any ambitious person now. But in the mid 20th century it was an alien concept. ........ in the mid 20th century. Starting one's own business meant starting a business that would start small and stay small. Which in those days of big companies often meant scurrying around trying to avoid being trampled by elephants. It was more prestigious to be one of the executive class riding the elephant. ......... in the 20th century there were more and more college graduates. They increased from about 2% of the population in 1900 to about 25% in 2000 ........ people in the 1950s and 60s had been even more conformist than us ...... What J. P. Morgan was to the horizontal axis, Henry Ford was to the vertical. He wanted to do everything himself. ....... if you want to solve a problem using a network of cooperating companies, you have to be able to coordinate their efforts, and you can do that much better with computers. Computers reduce the transaction costs that Coase argued are the raison d'etre of corporations. That is a fundamental change. .......... IBM itself ended up being supplanted by a supplier coming in from the side—from software, which didn't even seem to be the same business. .........

Basically, Apple bumped IBM and then Microsoft stole its wallet. That sort of thing did not happen to big companies in mid-century. But it was going to happen increasingly often in the future.

......... This didn't seem as dubious to government officials at the time as it sounds to us. They felt a two-party system ensured sufficient competition in politics. It ought to work for business too. ...... The word used for this process was misleadingly narrow: deregulation. What was really happening was de-oligopolization. It happened to one industry after another. Two of the most visible to consumers were air travel and long-distance phone service, which both became dramatically cheaper after deregulation. ........

The companies in the S&P 500 in 1958 had been there an average of 61 years. By 2012 that number was 18 years.

......... the refragmentation was driven by computers in the way the industrial revolution was driven by steam engines. ........ The new fluidity of companies changed people's relationships with their employers. Why climb a corporate ladder that might be yanked out from under you? Ambitious people started to think of a career less as climbing a single ladder than as a series of jobs that might be at different companies. More movement (or even potential movement) between companies introduced more competition in salaries. Plus as companies became smaller it became easier to estimate how much an employee contributed to the company's revenue. Both changes drove salaries toward market price. And since people vary dramatically in productivity, paying market price meant salaries started to diverge. ........ Yuppies were young professionals who made lots of money. To someone in their twenties today, this wouldn't seem worth naming. Why wouldn't young professionals make lots of money? But until the 1980s being underpaid early in your career was part of what it meant to be a professional. ....... Almost four decades later, fragmentation is still increasing. ......... With the centripetal forces of total war and 20th century oligopoly mostly gone, what will happen next? ........

The form of fragmentation people worry most about lately is economic inequality, and if you want to eliminate that you're up against a truly formidable headwind—one that has been in operation since the stone age: technology. Technology is a lever. It magnifies work. And the lever not only grows increasingly long, but the rate at which it grows is itself increasing.

......... The ambitious had little choice but to join large organizations that made them march in step with lots of other people—literally in the case of the armed forces, figuratively in the case of big corporations. ......... as long as it's possible to get rich by creating wealth, the default tendency will be for economic inequality to increase. Even if you eliminate all the other ways to get rich. You can mitigate this with subsidies at the bottom and taxes at the top, but unless taxes are high enough to discourage people from creating wealth, you're always going to be fighting a losing battle against increasing variation in productivity. ......... When Rockefeller said individualism was gone, he was right for a hundred years. It's back now, and that's likely to be true for longer....... The first big company CEOs were J. P. Morgan's hired hands ........ "Our founder" meant a photograph of a severe-looking man with a walrus mustache and a wing collar who had died decades ago. The thing to be when I was a kid was an executive. If you weren't around then it's hard to grasp the cachet that term had. The fancy version of everything was called the "executive" model. ....... it is certainly not impossible for a CEO to make 200x as much difference to a company's revenues as the average employee. Look at what Steve Jobs did for Apple when he came back as CEO. It would have been a good deal for the board to give him 95% of the company. Apple's market cap the day Steve came back in July 1997 was 1.73 billion. 5% of Apple now (January 2016) would be worth about 30 billion. And it would not be if Steve hadn't come back; Apple probably wouldn't even exist anymore. ......... Google will pay people millions of dollars a year to keep them from leaving to start or join startups.


If computers have brought about so much disruption, imagine what artificial intelligence will do, and at what speed! I just hope we get to the age of abundance fast and end up in an era of no poverty, no disease. As to the massive surpluses, I am less worried about the rich. But even there social and political innovation can happen. You can't get rich unless a lot of people can buy what you are selling. Political innovation is not happening as fast as technological innovation. And that is bad news. It does not have to be. Tech itself is partly to blame. There has not been enough direct technological innovation applied to the political sphere itself. Technology has the option to give us truly participatory democracy, but it has not done it. Technology has the option to give us rich, robust, grassroots discussions. It has not done it. The impending age of abundance means everyone can eat, there is no overpopulation, but it will not happen on its own. I think where Paul Graham falls short is in not being able to see that maybe political innovation will also happen. Unless the purchasing power of the masses goes up exponentially, we can not create the truly super rich, and we will not be a multi-planetary species. In the age of abundance, there should be a floor beneath which no human being falls. And that floor keeps rising because productivity keeps going up, and rather fast.

This essay is remarkable social and political (and economic) insight by a dude only known for tech startups.

I happen to think we have to start by creating a world government. For one, we have an existential reason to do so. There is no other way to coordinate the fight with Climate Change. And other good things follow. Only one person one vote taken to its logical, global conclusion will give us the kind of political innovation we need. Right now the political systems of the world simply do not create enough pressure. The only reason Google floats is because enough people click on its ads. Right now nobody is voting at the global level. A head of state is only one person.

Barack Obama: FDR, Lincoln And Washington

Maybe Paul Graham should put some of his Dropbox money into my Kickstarter campaign. It's only 60K. I intend to disrupt global group dynamics.

Paul Graham Asks For Disqus 2.0 Or A Disqus Disruptor
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TechStars' Geographical Advantage Over Y Combinator
Plenty Still Broken In The World
Fred Wilson And Mark Suster Missing Out On AirBnB And Uber
Greplin: The First Y Combinator Company To Get Me Excited
Dave McClure: Super Angel: Foulmouth
Me @ BBC
Robin Hood: My German Nickname
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Jessica Mah, Mark Zuckerberg
Paul Graham, Brad Feld, Me, BBC


















Stay Tuned for the Technological Transformation of Governance
Just as early waves of technological innovation in education and health care simply attempted to digitize old practices — putting an analog class into a MOOC or a patient’s file into the cloud — early forays into governmental technology involved bringing civil services online and enabling citizens to follow government protocols on websites instead of in buildings. .....

new governance technologies preparing to reroute lines of authority and change what it means to be a citizen in the 21st century.

....... Others are helping teams to build consensus and budget together, dynamically and elegantly. Still others are creating operating systems for political parties that are already winning seats in government. .....

Whether we're facing climate apocalypse on Earth or colonizing Mars, the deciding factor between human civilization being extractive and oppressive, or cooperative and generative, will be how much we as a species have practiced the skills of equitable collaboration on a day-to-day basis — hearing diverse viewpoints and synthesizing them, consciously understanding the flows of power dynamics, and designing in the key factors of human wellness.

......... Human beings have been sitting in circles listening to one another for millennia, but software and the internet allow us to scale up these practices in a way we never have before. ....... Cobudget for funding and Loomio for decision-making. ........ Many of the worst aspects of command-and-control, mechanistic, hierarchical governance are consequences of limited communications technologies. If we can make distributed cooperation just as efficient, the need for those old governance forms — which cause a lot of human suffering in the name of efficiency — could be obviated. ..... The key difference is: are you privatizing everything, or are you building the commons? The real distinguishing factor isn't the governing practices, which may be similar to a point, but the governing purpose. Are we building in service of the people and the community, deeply rooted in social values and human rights, or are we in service of private interests, which only answer to their own internal logic of profit and power? ....... Already, in our network, Enspiral, where we run businesses in service of positive social outcomes, we constantly have to 'hack' company structures to make them reflect how we actually want to work. We're sticking to the law, of course, but there's some legal gymnastics involved and we're constantly having to blaze a trail. Are we a community? A company? A charity? None of the current forms actually quite fit, and the distinctions seem contrived. ........ One of the protections against government corruption in democracies is that the moment of the vote is hidden and blind. ......

the very idea that our key moment of agency as a citizen is ticking a box every three or four years is the insane part

..... Our 'democratic' system is another example of something developed a couple hundred years ago because of very limited communications technology — election dates in the US are still determined by how long it took people to go on horseback between cities. ..... What's actually incredible is when you create a society where people not only feel safe being open about their political opinions, but they genuinely discuss them with different people, and their opinion can evolve through that interaction — they can change their minds.

When citizen deliberation is possible, that's when truly amazing solutions can emerge, from synthesizing different views.

......... What can users of SMS-enabled mobile banking in Africa teach us about how our apps could work? People in warzones and disaster areas know a ton about decentralized networks, because centralised infrastructure fails them. Activists threatened by oppressive governments have heaps to teach us about privacy, identity, and leveraging online communications tools for effective action and resistance. ....... most people in this space are running completely analog processes using technologies like neighborhood meetings and science-fair like exhibitions of citizen-generated ideas. They are willing to pound the pavement.

In The Tech News (2)

Forget Rocket Fuel: This Spaceplane Will Use Microwave Beams to Reach Orbit
We probably shouldn’t be shocked when a giant column of highly combustible material accelerates to thousands of miles an hour and explodes. ..... Escape Dynamics .. an “external propulsion” spaceplane that separates energy from propellant. Instead of volatile liquid or solid rocket fuel, the craft runs on pressurized hydrogen. A ground antenna array aims a beam of microwaves at a heat exchanger in the plane’s belly, superheats the hydrogen to 2,000 degrees kelvin, and forces it out of an exhaust nozzle to provide enough thrust to reach orbit. ......

Ultimately, they hope to build a reusable single-stage-to-orbit spaceplane that would slash launch costs for small satellite payloads and remove combustion from the equation entirely.

.... In tests, their lab-scale prototype thruster achieved efficiency higher than anything possible using chemical rockets. ..... The idea of external propulsion is by no means new. It was proposed by Konstantin Tsiolkovsky nearly a century ago, and NASA and Caltech have since toyed with the concept. ..... there is growing demand for small payloads. With powerful, miniature sensors and chips, we’re now able to pack quite a bit more tech into much lighter satellites ...... Startups like Planet Labs (the company assembling a constellation of Earth observing satellites) or Google (building out global internet infrastructure) stand to benefit from the cost savings Escape Dynamics would offer if successful...... because a spaceplane glides back to Earth, instead of the hard-to-control freefall of a rocket stage, reusability may prove an easier nut to crack. .... a lot more affordable. .... launch costs are in the ballpark of $25,000 to $50,000 per kilogram. He’s a fan of the alternative approach: “Escape Dynamics is pursuing a radical technology—one I fundamentally think is a good idea—which could massively reduce the costs for small satellite payloads.” ....... Once they start regularly flying payloads, Tseliakhovich estimates costs could eventually fall by two orders of magnitude—perhaps reaching as low as around

$150 per kilogram

. ..... Tseliakhovich hopes his company will begin flight tests of a small-scale thruster in 2017 and launch their first payload to orbit at the turn of the decade. ..... Tseliakhovich believes it will likely work alongside heavy-lifting chemical rockets and is a huge fan of current efforts to improve them by the likes of Elon Musk and SpaceX. ("One of the most remarkable efforts pursued by our civilization today.")






Scientists Connect Brain to a Basic Tablet—Paralyzed Patient Googles With Ease
eye- or head-tracking devices have allowed eye movement to act as an output system to control mouse cursors on computer screens. In some cases, the user could also perform the click function by staring intently at a single spot, known in the field as “dwell time.” .....

In contrast to eye-trackers, neural prostheses directly interface the brain with computers, in essence cutting out the middleman — the sensory organs that we normally use to interact with our environment.

..... had a 100-channel electrode array implanted into the left side of her brain in regions responsible for movement. ...... “This is a first step towards developing a fully-capable brain-controlled communication and computer interface for restoring function for people with paralysis.”
Our Solar System’s 9 Extraterrestrial Oceans in One Surprising Infographic
Not too long ago, we only suspected one ocean of liquid water beyond Earth (on Europa). Now, thanks to robotic explorers, like NASA's Dawn and Cassini missions, we're finding evidence of oceans throughout the solar system. ...... water (especially liquid water) and life go hand in hand ..... life, at least the simplest forms, may survive in more environments than once believed. Indeed, even on Earth, life is ubiquitous, from scalding volcanic vents to frozen wastes. And we may not, as it turns out, need to travel light years to find extraterrestrial oceans or observe our first alien life forms ...... news of even a few nearby alien microbes would expand the number of nooks and crannies life might inhabit throughout the galaxy.




Friday, January 08, 2016

Facebook's Out On Free Internet Could Be A Mobile Browser

The second logo for AOL, used from 2006–2009
The second logo for AOL, used from 2006–2009 (Photo credit: Wikipedia)
Facebook’s First Effort at Free Internet Is Just Another Walled Garden
With its Aquila unmanned aircraft and laser technologies, Facebook has demonstrated the ability to deliver data at a rate of tens of gigabytes per second to a target the size of a coin — from 10 miles away. This is 10 times faster than existing land-based technologies. With interconnected drones, it will, within two or three years, most likely be able to provide Internet access to the most remote regions of the world....... And then there are low-orbit microsatellites, which Oneweb, SpaceX, and now Samsung are building. These beam Internet signals by laser to ground stations. In June, Oneweb announced that it had raised $500 million to develop and launch several hundred satellites that will provide global broadband coverage. ...... Google is launching Loons in Indonesia and Sri Lanka. It was also supposed to launch them in India, but India’s defense, aviation, and telecommunications ministries raised technical and security concerns and stopped the project. When the telecom providers figure out that with unlimited, inexpensive, Internet access, their cell and data businesses will be decimated, they too will place obstacles in the way of these technologies.
Free Basics protects net neutrality
To connect a billion people, India must choose facts over fiction ..... We have collections of free basic books. They’re called libraries. They don’t contain every book, but they still provide a world of good. ..... We have free basic healthcare. Public hospitals don’t offer every treatment, but they still save lives. ..... That’s why everyone also deserves access to free basic internet services. ..... We know that for every 10 people connected to the internet, roughly one is lifted out of poverty. We know that for India to make progress, more than 1 billion people need to be connected to the internet. ...... in India and more than 30 other countries. We launched Free Basics, a set of basic internet services for things like education, healthcare, jobs and communication that people can use without paying for data. ...... More than 35 operators have launched Free Basics and 15 million people have come online. And half the people who use Free Basics to go online for the first time pay to access the full internet within 30 days. ....... Free Basics is a bridge to the full internet and digital equality. .....

more than 30 countries have recognized Free Basics as a program consistent with net neutrality

and good for consumers. ........

Instead of recognizing the fact that Free Basics is opening up the whole internet, they continue to claim – falsely – that this will make the internet more like a walled garden.

..... Instead of recognizing that Free Basics fully respects net neutrality, they claim – falsely – the exact opposite. ...... This isn’t about Facebook’s commercial interests – there aren’t even any ads in the version of Facebook in Free Basics.

I am confused. What's free basics? What does it do? How? Is it restricted? Is it like AOL? AOL was not restricted. You could go all over the Internet through AOL. Most people didn't. They spent most of their time in AOL Messenger, but that's another story. Is Zuck's Free Basics like AOL? I don't get the impression he is using drones for the purpose.

I think the solution is two-fold. One, beam high speed internet from the sky straight to the smartphone. And have a Facebook browser on that phone that has code that communicates to the Facebook Internet beam from the Gods, and lets you go online, but the browser is customized for a Facebook experience. You still can go everywhere, but it looks and feels like Facebook. And Facebook serves ads.

That way Google could be competing to provide free internet from the high and above to the same smartphone. Next thing you know they are competing on speed. My broadband is faster than yours. The next logical step after that would be free smartphones. Sundar Pichai is so smart I think he could build $20 phones. Google could earn 20 bucks from ads in, like, 20 weeks flat.

Facebook should build a mobile browser.









In The Tech News (1)

Thyroid
Thyroid (Photo credit: Wikipedia)
10 Most Exciting SciTech Advances of 2015
"Teixobactin shows how we can adopt an alternative strategy and develop compounds to which bacteria are not resistant." .... Advances in exponential technologies like synthetic biology and genomics are reinforcing the notion that previously unresolvable diseases (cancer, heart disease, Alzeimer's) are in fact resolvable. We are developing solutions to these problems at an accelerating rate, and as we usher in an era of personalized medicine, we will see a dramatic increase in the healthy human lifespan. At my company Human Longevity Inc, our mission is to

make 100 the new 60

. ...... we will soon have the tools to eliminate diseases, create hardier plants, wipe out pathogens and much, much more. ...... Making the first stage of Falcon-9 reusable is a step towards major demonetization of the space industry.
Technologies We’re Excited to See Bloom in 2016 and Beyond
Even high-speed rail systems already seem costly and cumbersome compared to the ability to summon an electric self-driving car on my phone and just be on my way. ...... It’s the idea that any contractual agreement—such as jobs, loans, insurance, and even marriage—could potentially be securely stored and automatically verified by the same technology (blockchain) that makes bitcoin work. This could eliminate the slew of people, businesses, and institutions positioned as financial and legal middlemen, along with their associated red tape. ........ The camera captures light field data simultaneously from all directions and when used for VR, viewers can move around in captured ‘real world’ space, as opposed to recreated computer-generated environments.
Printable Organs Are Closer Than Ever Thanks to Three Bioprinting Breakthroughs
You know what’s even sexier than organ donation? Bioprinting organs. ...... a world in which organ shortages will be a thing of the past....... In March of 2015, 3D Bioprinting Solutions became the first group to successfully bioprint a thyroid gland for a mouse with the intention of transplanting into living mice. Months later, the group announced they had successfully transplanted the bioprinted thyroid and reported that after 11 weeks of monitoring the subjects’ 3D printed thyroid glands, they were in working order with completely restored function. ........ Last week, Vladimir Mironov, head of 3D Bioprinting Solutions, announced his laboratory is ready to start printing a human thyroid gland after their successful experiments on mice. They also have plans to bioprint a human kidney. ...... The team used the company’s own patented bio-printing process to construct the thyroid. They began by extracting stem cells from the living organism via its fat cells. These cells are then mixed with a hydrogel and extruded layer by layer. Once the cells take shape, the hydrogel dissolves. ...... a day when new organs will be readily available for everyone.
Singularity Hub’s Most Viral Hits in Tech and Futurism From 2015

Why 3D Printing Will Be a Key Technology in the Next Space Race

Although in many industries mass production techniques still make economic sense—for the ultra-precise, almost bespoke parts in rockets? 3D printing is a great fit. ...... NASA’s latest trial shows 3D printing is set to become an even bigger part of rocket engine manufacturing ..... 3D printed components typically have fewer parts in need of joining and assembling ..... 3D printing also speeds up research and development. Engineers can design a part, print it, test it, find flaws, fix them, and repeat. It takes less time to get from initial design to final part than using traditional casting and the quality is often better. ..... Ceramics are tough materials with a high melting point. They’ve been used as heat shielding on the outside of spacecraft ..... 3D printed ceramics may be used in jet engines or to skin entire jets to withstand the high temperatures of hypersonic flight. ........

3D printing's real value to space exploration may only become clear once we leave Earth.

...... Lacking the luxury of sprawling factory assembly lines in space, 3D printers designed specially for space travel may be one of the pillars of off-Earth manufacturing. Some dream of mining raw materials on asteroids, moons, or planets and converting them into useful things like habitats, machines, and tools. For future explorers to be self-sufficient on the final frontier, they'll need to live off the land.



Tuesday, January 05, 2016

DARPA's Future

1 – Human-Machine Interface ..... for true communication and machine autonomy, Artificial Intelligence must reach a level equal to or surpassing that of humans. ..... technologies that would enable machines to collaborate with humans as partners on tasks far more complex than those we can tackle today.

2 – Mind Control ...... a world where neurotechnologies could enable users to interact with their environment and other people by thought alone.

3 – Nanotech Materials .... Artificial skin, spray-on solar cells, self-repairing architecture, invisibility cloaks, and a host of DNA-level medical applications will be able to build and re-build human beings and the environment...... building substances from the atomic or molecular level up to create “impossible” materials with previously unattainable capabilities.



DARPA’s Top 3 Predictions For The Future

Reading Up On FourSquare






Foursquare's Valuation Is Getting Chopped in Half

Once the heir apparent to Facebook and Twitter, the location app is raising a "down" funding round after years of slow growth.
If ever there was a startup that seemed like a can't-miss bet to build the next billion-dollar app, it was Foursquare. From the beginning, it was social, local, and mobile, that holy trinity of totem words parodied on Silicon Valley for being a mandatory part of every pitch deck. Its launch at SxSW in 2009 set the bar for a buzzy debut. It had the backing of blue-chip VC firms like Union Square Ventures and Andreessen Horowitz; a pedigreed founder, Dennis Crowley, who had sold his previous startup to Google; and the love of early-adopter types and journalists, the same constituencies that helped make Slack a breakout hit. ...... Foursquare will take between $20 million and $40 million at a valuation of $250 million, a haircut of more than 50 percent from the one attached to its last round of funding, in December 2013. ...... Down rounds are typically punishing for founders, reducing both the value and the size of their stakes in concert. Frequently, doing one triggers "anti-dilution" mechanisms designed to protect early investors by carving up founders' equity still more. ....... Foursquare's move primes it for an acquisition, with Microsoft, current investor, and Apple being the most likely buyers. ..... grew steadily, and now claims 55 million users, several obstacles prevented it from attaining the kind of mass popularity enjoyed by Instagram or Twitter. ...... Expecting users to "check in" everywhere they went turned out to be asking too much of them, but making check-ins an automatic process raised privacy concerns. ...... while it never escaped its early-adopter niche, Foursquare did manage to amass an enviable trove of location data.

Foursquare's location data is way more powerful than people realize
The technology that makes Crowley’s magic trick possible is a computer brain the company has been building since the early days of the iPhone called Pilgrim. According to Crowley, Pilgrim “is the thing” that separates Foursquare from not just competitors like Yelp but every other app in the App Store. And now he wants it powering every other app on your phone. .......

Foursquare is in a period of crucial transition. Since basically inventing the location check-in concept on mobile phones in 2009, the app has slowly faded into relative obscurity.

...... To date, Foursquare has raised over $120 million dollars in venture capital and reportedly turned down acquisition offers from the likes of Facebook and Yahoo. ..... A feature like Trending this Week, which collects aggregated and anonymized foot traffic data from Foursquare’s users, wouldn’t have been possible without Pilgrim. “We have this real pulse of a city now,” Foursquare head of engineering Andrew Hogue told Tech Insider in a recent interview. "We know where people are going.” ....... Since Pilgrim went online in early 2014, the company has started “finding interesting things to do with the data” it collects, Crowley says. It already licenses data to Twitter, Pinterest, Yahoo, Microsoft, and others to enhance their location features (Foursquare used to power location tagging in Instagram before it was replaced by Facebook’s own tool.) In the last year, Foursquare has started offering business analytics with its foot traffic data, which Crowley describes as “an incredibly lucrative market." ........ banks that give small business loans pay Foursquare to know if a business actually exists and isn’t a scam. .....

In September, Foursquare accurately predicted Apple would sell 13 million iPhones during the iPhone 6S opening weekend based on its foot traffic data around Apple stores.

....... “We had all these people from financial institutions saying, ‘What data do you have that we don’t have?’” Crowley says. The answer is Pilgrim. ...... “We have this superpower,” he tells me from across a conference room table in Foursquare’s New York City headquarters. "We have this awesome thing that we built, and it only lives in two apps — Foursquare and Swarm." ...... It’s an engine that runs in the background and records every time a phone with Foursquare or Swarm installed stops moving. When it stops moving, Pilgrim tries to figure out where exactly you are, if you’ve been there before, or if there’s anything going on in the area you might be interested in, like a happy hour at an oyster bar. It has to decide if you're stopped at a traffic light, walking down the street, or entering a coffee shop. Pilgrim makes these decisions millions of times per day. ..........

The biggest misconception, he says, that still exists about Foursquare is that it’s reliant on manual check-ins. Pilgrim has made it possible to check in without taking your phone out of your pocket. And Foursquare knows more about where its users are going than ever before.

........ "Can you make a game that’s different if you’re playing it in a coffee shop versus if you’re playing it in a bookstore or a bus station?” Crowley asks. "Can your exercise app be different if you went to a burger place for dinner yesterday or if you’ve been going to salad places for the last three weeks? Can the app that you use to hail a car be different if it can recognize that you’re in an unfamiliar city?" ........ Crowley says that it's this hyper-contextualized, location-aware approach that makes Foursquare different from competitors like Yelp, which still feels very much like a digital phonebook. ..... With Pilgrim, Crowley thinks Foursquare has technology that’s applicable in nearly any app. ..... "If we fast forward five years into the future, this is how apps talk to you,” he says. "The app will recognize when it’s time to tell you something about the world and it will wake up and tell you that.”





Foursquare has an amazing 'superpower' called Pilgrim that could finally let it take over your phone
Foursquare accurately predicted iPhone sales by analyzing foot traffic to Apple stores around the country.





Foursquare’s Value Will Be Cut by More Than Half in a New Funding Round
Foursquare is close to finalizing a funding round that will value the company at about $250 million — less than half of what investors thought the company was worth two years ago. .... at least one new investor will participate in this round; previous investors include DFJ Growth, Microsoft, Silver Lake Partners, Spark Capital, Union Square Ventures and Andreessen Horowitz. ........

In 2013, Foursquare raised $35 million in a round that valued the company at about $650 million.

..... a “down round,” which will reduce the value of stakes held by previous investors, as well as employees with equity. ...... last summer Crowley said the company had 50 million active users. ..... Crowley has also spent the past few years talking up the company’s data assets, accumulated via its users’ travels. That data could theoretically be valuable to a big platform company like Microsoft, which has already invested in Foursquare, or Twitter, which is already using Foursquare to power its location function. And if Foursquare forges ahead as a standalone company, it will try using that data to build up new revenue streams.
7 tech giants most likely to buy Foursquare

With word that Foursquare is reportedly raising another down round of financing, it seems logical to bet that the company is reaching some kind of end game.

..... We can assume its attempt to monetize all its location data hasn’t progressed very well, so profitability is likely a fantasy. And its IPO dreams probably died long ago. ..... Foursquare “has also talked to potential buyers” and that a deal might happen in place of a new round. ...... Microsoft uses Foursquare to power some of its location features. Microsoft has to be right at the top of any acquisition talks. ...... in the case of Google, there’s a bit of a delicious twist. Foursquare founder Dennis Crowley sold his previous location-based startup, Dodgeball, to Google in 2005. Google shut it down in 2009, and Foursquare was, in part, an attempt to show Google what an opportunity it had bungled. ....... If Facebook did make a play, it would really be for the employees. ...... The main debate around Mayer is how long she will be sticking around. And as for Yahoo, many investors would like to see it sold for parts. Even if Mayer wanted Foursquare, it seems unlikely the board would let her spend any more money on an acquisition that might create a little buzz but do nothing to enhance the bottom line. ...... Back in October, Apple Maps started pulling in Foursquare data. ... Buying Foursquare for less than $500 million would seem reasonable for a company that shelled out $3 billion to buy Beats. ...... Amazon buying Foursquare would probably make about as much sense as Jeff Bezos buying a newspaper. ...... Twitter probably has the shallowest pockets of the group.






Foursquare CEO Crowley: “We Do Location Better Than Anybody Else”

Company has evolved from a social "check-in" app to a location intelligence platform for enterprises.
Foursquare has come a long way from its early days as a social “check-in” app. Along the way, the company repositioned its app as a Yelp competitor; now the company is substantially focused on

“place insights” and “location intelligence” for enterprises

. ....... Earlier this year, Foursquare introduced its advertising platform, “Pinpoint.” Foursquare works directly with advertisers and makes media buys through exchanges (on both the desktop and mobile) and then measures offline actions (e.g., store visits) after ad exposures. This model is radically different from selling ads to local restaurants and bars — even check-in ads to brands — which is where the company began. ...... banks can use the data to determine business credit-worthiness based on foot traffic patterns. ..... Foursquare’s data is much more accurate than its competitors’ because the company has first-party data from 50+ million global users, whereas most of the location data many of Foursquare’s mobile marketing “location intelligence” platform competitors rely on comes from ad calls, which are often inaccurate. ...... “Everyone is drafting off someone else’s data,” except Foursquare. ..... the company disregards and discards “about 80 percent of the location data” it sees from exchanges because of inaccuracy and poor quality. ..... Crowley asserts that many mobile marketing companies are unable to disambiguate business locations in malls or areas of high population density (e.g., urban centers). “We’ve spent years figuring out where people are; and we can do this quickly at a high degree of precision and speed.”
Foursquare Raising Round To Capitalize On Data Business
The current investment environment has led many startups to pack on the pounds to prepare for leaner days potentially ahead. At this juncture, the rewards of getting the money you need to grow outweigh the optics of a decrease in valuation. ..... the fact that Foursquare — once one of New York’s hottest startups — is raising another financing round at a lower valuation than its previous one is significant. Down rounds tend to show both a more conservative interest in the company’s core business, and potentially slowing growth for the startup.

Foursquare, essentially, has to find a new way to impress investors with strong growth — which requires some rejiggering.

........ This isn’t the first “down round” for Foursquare. The team raised capital at a reported $650 million valuation in 2013, beneath the $760 million price tag it had in 2012. In total, the company has raised $162 million in venture financing and debt. ...... For the most part, the split appears to have been unsuccessful. ...... its Pinpoint mobile advertising service ...... it has more than 55 million people registered for its service, with more than 2 million businesses claiming locations. It has more than 170 employees based in New York, San Francisco and London ...... If it wants to spin up the data side of its business into a full-fledged empire, it’s going to take cash to craft sales teams, build products and, yes, pave runway enough to get it flying. ....... over 40% of its total revenue comes from powering other platforms’ location services. ...... Foursquare’s data contributing to the Bing platform’s location and context layers on both Windows 8 and Windows Phone. ...... any company that wants to translate GPS coordinates into an actual venue could pay Foursquare for its data. ...... Foursquare’s data could power hyperlocal advertising or marketing pointing to businesses just a few feet away. Search results, news feeds, and more could be personalized through an understanding of location. ....... As Foursquare spent its time splitting its app in two, other social networks replaced Foursquare, by making it easier to share what you’re doing in the moment. Foursquare originally powered Instagram’s location engine, but Facebook eventually made the shift to handling that itself, with locations essentially ending up a feature — not a separate application. It also removed its playful Mayor feature, and later had to re-add it to appease its user base in June this year. .......

All this distills down to a missed opportunity for Foursquare, which found itself experimenting with new kinds of social networking tools while new networks slowly chipped away at its user base. While the company was certainly experimenting, it apparently was not enough as the app slowly lost popularity. So, inevitably, Foursquare had to find a new way to show the company is valuable and get financing to grow — even if it has to shave off its valuation in the process.

Former FourSquare COO Evan Cohen Checks Into Lyft As New Director Of East Coast Operations
Cohen left his position as chief operations officer at Foursquare in June of 2014. He was one of a number of executives to exit the company over the past year and a half and did so shortly after Foursquare split its product asunder and launched the check-in app Swarm. ...... Cohen brings more than 20 years of operations experience to Lyft, according to a company blog post out today. He was the VP of strategy and operations for the social networking site Bebo (and then AOL after the acquisition) prior to his position at Foursquare. ...... Lyft recently announced it had a projected $1 billion gross run rate and said it was growing by 20 percent month-over-month – including a reported “triple market share” growth in New York City.
Foursquare dives deeper into data with new ad platform
When Foursquare decided to split its apps a year ago, followers of the location-based service scratched their collective heads. ...... A year later, with revenue growing at triple-digit growth, the privately held company knows it made the "absolutely right decision," Crowley says. ...... The split was necessitated by Pilgrim, technology introduced in August 2013 that makes it possible to "check-in" to a location without taking a smartphone out of one's pocket. The functionality was made possible when 6-year-old Foursquare passed 6 billion check-ins, allowing Foursquare software to determine the exact shapes of more than 60 million venues. ...... Pinpoint, a social-advertising platform unfurled in April 2015, took things even more forward. The platform combines Foursquare's location-intelligence technology tracking 7 billion check-ins and 55 million customers with GPS information from apps and publishers to sketch an accurate digital portrait of consumer behavior — from how often they frequent a store to affinity for certain brands. Samsung, Coors, AT&T, Jaquar Land Rover and FedEx are among Foursquare's business partners. ..... Pinpoint is available through both of Foursquare's apps, as well as 100 million other mobile users in the U.S. with non-Foursquare apps. ....... "Foursquare was ahead of its time (with location-based services), but Yelp and others came along and stole its thunder," says Hyoun Park, chief research officer at Blue Hill Research. "It has found a new niche with the combination of location and data analytics." ...... Foursquare used such an approach to accurately predict initial sales of iPhone 6S and 6S Plus, as well as revenue from Black Friday and all-day breakfast sales at a select McDonald's.













Sunday, January 03, 2016

Paul Graham Asks For Disqus 2.0 Or A Disqus Disruptor







Or how to listen when everyone is talking? This is like the email inbox problem. What is the solution? There is only solution for those who get manageable amounts of email. If you get a HUGE (Trump word) amount of email, I am not sure there is a solution. Similarly online, forget teaching people etiquette. You can restrict membership, or you can restrict comments to people who are willing to reveal their real ID, but if you are opening up the floodgates, I am sorry but we are not talking technology, we are talking human nature and human behavior. After DARPA (or Tim Berners-Lee or whoever, or maybe Paul Graham, Al Gore) invented the Internet, Julia Roberts discovered people hated her! We can improve upon it. Like Gmail has become so much better with five inboxes. But I don't see a "cure" to online flaming. Except, maybe, ignore what you don't like. See no evil, hear no evil.