One simple thing that media entities could do to improve trust is to publicly declare exactly who finances them, and then in turn declare their backers. This would hold true for privately-owned companies; trusts; crowdfunded publications; new kinds of media companies operating on the blockchain and funded with ICOs.
VC-funded media companies - like Facebook, which is a media company - would declare which entities own how much of them. As it happens, Facebook is publicly-traded, so must already do this. But it's rare for VC firms to talk about their Limited Partners - the people and organizations who put money into them. We have no idea who might have an interest in the organizations on Facebook's cap table.
This is important because LPs decide which funds to invest in based on their goals and strategy. It's clear that an LP's financial interests may be represented through a fund that they invest in, but it's equally plausible for their political and other strategic interests to be represented as well.
To be specific, we know that socially-minded LPs invest in double bottom line impact funds that strive to make measurable societal change as well as a financial return. It seems reasonable, then, that some LPs might seek to promote significantly more conservative goals. In the current climate, imagine what a Kremlin-connected Russian oligarch might want to achieve as an LP in a US fund. Or a multinational oil company, the NRA, or In-Q-Tel.
The same goes for crowdfunded ventures. What happens if a contributor to a blockchain-powered media startup is the Chinese government, for example? Or organized criminals? It would be hard to tell from the blockchain itself, but understanding who made significant contributions to a publisher is an important part of assessing its trustworthiness.
While it's fairly easy to figure out which venture firms have invested in a media company, those same firms usually have a duty of privacy to their LPs, so it's rare that we get to know who they are. We know that media is the bedrock of democracy. In order to determine who is shaping the stories we hear that inform how we act as an electorate, I think we need to start following the money - and wearing our influences on our sleeves.
There's a lot going on.
I won't rehash it all here, but the President of the United States is possibly the worst there's ever been, voted in by an electorate filled with racial anxiety after eight years of an African American leader. I had my quibbles with Obama too (eg surveillance, drone strikes, deportations) but they pale compared to everything we've experienced over the last eighteen months. Amy Siskind's Weekly List is a good summary and also completely emotionally overwhelming in every way.
This description of a 10 year old Honduran child's experience in US captivity is haunting:
A 10-year-old from Honduras describes her experience in federal custody (from a court filing) pic.twitter.com/4zsPEOujVy
— Emma Platoff (@emmaplatoff) July 19, 2018
Meanwhile, in the country I grew up in, the xenophobic desire to depart from Europe has led to some really dark places. Britons are preparing to return to rations-era food choices, and the prevailing government has proven itself to be every bit as draconian and brutal as Trump's. This Twitter thread, about an asylum seeker in Glasgow whose support was stopped with 24 hours notice, culminates in the most disgusting statement by the UK Home Office possible:
And then - i don't know if i can type this because i am shaking - the interviewers said:
"But 98% of the people in your country do FGM. Why is this a problem?"
It took me several minutes to understand. UK HOME OFFICE AGENTS ASKED HIM WHY HAVING HIS DAUGHTER CUT WAS AN ISSUE.
— Cllr Kim Long (@CaptainKim) July 19, 2018
When asylum officers are arguing that female genital mutilation isn't an issue, using a racist, made-up statistic, I think it's fair to say that the world has taken a hard right turn from normal. We should all be outraged - but in a world where there's something new that we should be outraged about every single day, it's easy to fall into resigned inaction. Outrage on a continuous, ongoing basis is exhausting, and the danger is that it will just give way.
Meanwhile, I have an appointment next week that is the precursor to a DNA test that will determine the probability of my dying young. Four members of my family have so far developed pulmonary fibrosis as a side effect of dyskeratosis congenita, a 1-in-a-million genetic disorder that affects, among other things, the length of your telomeres. Three out of four sadly passed away; the fourth, my mother, has beaten the odds after a double lung transplant. There's no cure, although it's possible that a gene therapy will emerge before the symptoms would start to show in me (potentially 6-8 years from now, based on other members of my family).
My sister, who is highly allergic to bee stings, has nearly died twice so far while working in the field at her ecological restoration and conservation job. (Edit: she tells me she “only” really nearly died once.)
And there is more going on in my personal and work life that I can't talk about, that is no less stressful, although definitely less existentially terrifying. Things I used to worry about - I'm almost 40, and am unmarried with no family of my own, and not because of a deliberate personal choice; is there something wrong with me? And why haven't I been more financially successful? - have fallen into insignificance.
There's a lot going on. There are not very many points of light in the darkness. And it can be dizzying.
Stress can lead to bad decision-making, which in turn can lead to more stress. My friend Tantek Çelik passed this piece onto me this morning, which contains some wisdom and context:
[...] The good news is that we seem to be able to train our intuition to get better. This is what Dr. Pearson plans to research next.
It's certainly possible to deal with all of this - and, frankly, there are so many people out there who have to deal with far worse. A friend of mine had to go into hiding from a stalker recently. Another has had to deal with an attempt on a parent's life. My own mother's journey through her illness and lung transplant has been an inspiration.
You have to find beauty where you can. It's been a real privilege to be at Matter for the last eighteen months and meet people - hundreds and hundreds of people - who are all trying to make the world a better place in meaningful, empathetic ways. And I'm constantly awed by my own family, the friends I'm lucky to have, and the love I see between people. People are amazing. I'm convinced that humanist values will prevail in the world, and I know that love and support between family and friends will help weather the interpersonal issues we all face.
So while I'm overwhelmed and distracted, I also think there's so much to live for, and fight for. It's not hopeless. And while we might make small gains that aren't anything like what we really want the world to be like, or anything like what we want our own lives to be like, it's important to hold onto that vision, and the hope that lies behind it. And if enough of our visions coincide, and there's enough love and acceptance between us, maybe we can make the world a little bit better, and find more points of life in our lives, too.
Anyway, that's what I'm holding onto.
According to the Department of Housing and Urban Development, a family of four earning $117,000 in San Francisco now qualifies as "low income". (In NYC, it's $83,450; Los Angeles, $77,500.) It's insanely expensive to live here. And it means that the people who found and fund new technology businesses are predominantly upper to upper middle class.
I was able to co-found my first startup because I lived in Edinburgh, a city with very low living costs (there "low income" is the equivalent of around $20,000), socialized healthcare and adequate public transit. Had I been based in the Bay Area, it's highly likely that I would have followed a traditional engineering path, taken a reasonable salary, and rode out my career as an employee. Nothing else would have been possible for me - and I'm very lucky that I would have had that option.
There's one exception: I might have worked on a startup or other project in my spare time until it became viable. That's not a given: I would have needed to break my Proprietary Information and Inventions Agreement with an employer in order to do so, which could result in me losing my job or, in a worst case scenario, being sued by that employer further down the line.
The trouble is, most investors see not having quit your day job yet as a sign of lack of commitment. In their minds, you're hedging your bets - when in fact, you may just be trying to financially survive. Sure, one could argue that it's riskier to invest in someone for whom financial survival is an issue; but if we accept that, we accept that we should only really invest in rich people. That signficantly limits our pool of potential investments, and would have precluded people like Steve Jobs from ever having found support.
To be fair, I might also have saved money for years in order to build up a year of personal runway - but this likely isn't enough time or money, and frankly, I would have been much smarter to use it for a downpayment on a home, or for a pension, or both. A lot of people just don't have that option.
And I'm hardly who we should be worrying about. Honestly, who cares whether past Ben could found a startup in San Francisco or not? I have a lot of comparative privilege. Women and people of color in tech are still paid less on average, and the average wealth for families of color is one seventh that of white families, which means that their financial opportunity to found something here are even slimmer. And we need their voices; we need their insights; and frankly, we need their businesses. As the Center for Global Policy Solutions reported in 2016:
Although the number of minority-owned businesses is increasing dramatically, America is currently forgoing an estimated 1.1 million businesses owned by people of color because of past and present discrimination in American society. These missing businesses could produce an estimated 9 million more jobs and boost our national income by $300 billion. Thus, expanding entrepreneurship among people of color is an essential strategy for moving the country toward full employment for all.
If we care about inclusion in the technology industry - and we should, for both social and financial reasons - we can't limit our investments to people who don't have to worry about their own financial viability. That means we can't penalize people who create their startups in their spare time, and won't go full-time without financial backing. It means we can't penalize people who choose to build their businesses in cheaper parts of the world (i.e., literally anywhere else). It also means that we have to stop pattern matching for previous success. Otherwise we build ourselves an ever smaller pool of people with the freedom to innovate, and dramatically shrink the gene pool of ideas. For an industry that's supposed to be building the future, that would be suicide.
I want to continue the thought I started earlier this week:
The technology industry is meant to be inventing the future. That requires keeping an open mind: it's not a given that something new will work - or won't. Everything is an experiment, and sometimes the technologies and ideas that change the world are half a nudge away from something that didn't work at all. That means that neuroplasticity, a sense of play, and optimism are all key skills.
Unfortunately, it's really easy to let them slip, both on the business and the technology side. And the more we let go of this, the more we fall into the trap of thinking that the world is going to stay more or less the same.
While conservatism certainly rears its head in the shape of failing to engage with new business models, engineers and developers often fall into the trap of rejecting new technologies out of hand. It seems counterintuitive given that understanding technology is a large part of their jobs, but many of us look back on a slice of the past as being a golden technological era.
For example, I loved the utopian promise of the web fifteen years or so ago. For the first time, anybody could publish and be heard - something that seems completely commonplace and mundane today. Back then, it was still revolutionary, and many of us honestly thought it would lead to freedom from economic gatekeepers, and even world peace.
Of course, it didn't work out that way. We got new gatekeepers, and platforms built on the web became tools used to undermine global democracy.
For us former utopians, it's tempting to go back to the point where the social web began to cluster into large social networking platforms and try another path - as in, literally going back in time to that point and iterating web technology from there. From a technology standpoint, that means cutting back to human-editable HTML, shunning a lot of the last decade's advances in front-end and back-end engineering, and pretending that apps don't have a user experience advantage. It likely also means dismissing entirely new technologies like blockchain out of hand.
Which is why utopian technologists are disrupted again and again and again. Companies like Facebook don't care about the same principles - they just care about building something that works enough for users that it can grow and make money. Because they have a simpler need, and are willing to embrace any technology that can get it done better, they usually beat mission-driven technologists to the punch. They disrupt the status quo.
The classic definition of disruptive innovation, described by Clayton Christiensen, is as follows:
“Disruption” describes a process whereby a smaller company with fewer resources is able to successfully challenge established incumbent businesses. Specifically, as incumbents focus on improving their products and services for their most demanding (and usually most profitable) customers, they exceed the needs of some segments and ignore the needs of others. Entrants that prove disruptive begin by successfully targeting those overlooked segments, gaining a foothold by delivering more-suitable functionality—frequently at a lower price. Incumbents, chasing higher profitability in more-demanding segments, tend not to respond vigorously. Entrants then move upmarket, delivering the performance that incumbents’ mainstream customers require, while preserving the advantages that drove their early success. When mainstream customers start adopting the entrants’ offerings in volume, disruption has occurred.
Although disruptive innovation was defined for business models, we can apply it to technologies with relatively little effort. Here, incumbents - established technologists - concentrate on the ideas and paradigms that have brought them success. They're dismissive of new developments - proprietary app stores, node, AR, blockchain - that threaten those technologies. Newcomers are able to find success using those new technologies by satisfying use cases for people who were unsatisfied by the existing ones. To begin with, this new technology is objectively not fantastic - but over time it improves to the point where it can challenge and then exceed the capabilities of the existing stack. At that point it begins to take over. Call it disruptive engineering.
In The Innovator's Solution, his follow-up to the more widely-known The Innovator's Dilemma, Christiensen outlines some ways that incumbents can remain competitive. When applied to technology practitioners, the message is simple: we should all be disruptors. Our role isn't just to create sustaining innovation - which "improves the product for existing customers, giving them better features, better performance, more options, and so on" - but disruptive innovation. We should constantly be developing and embracing technologies that could replace the existing ones.
In doing so, we make ourselves resilient to ventures that don't have the same values, and we make our utopian ideals more likely to translate into real-world progress. It's not about the technologies themselves; we shouldn't need to protect HTML at all costs or want to freeze HTTP in aspic. It's about the underlying principles that we want to underly the products and technologies that everybody uses. The priority, ultimately, must be the users - and if we let go of that, we lose.
The technology industry is meant to be inventing the future. That requires keeping an open mind: it's not a given that something new will work - or won't. Everything is an experiment, and sometimes the technologies and ideas that change the world are half a nudge away from something that didn't work at all. That means that neuroplasticity, a sense of play, and optimism are all key skills.
Unfortunately, it's really easy to let them slip, both on the business and the technology side. And the more we let go of this, the more we fall into the trap of thinking that the world is going to stay more or less the same.
On the business side, we've been thinking about funding technology in terms of startups for quite some time. Startups can be great: my job is to find and fund mission-driven ventures, and it's the most rewarding thing I've ever done. Of course, startups can also be harmful or deceptive (think Uber or Theranos); they're a tool that can be used for good or ill. The mechanisms we use to fund them are also tools: equity investment, convertible notes, and SAFE.
It would be easy to think, this is how I need to fund my business, or this is just how it's done. And it's certainly true that there's a lot of funding out there - more than ever before, in fact - that follows these standard models. Each has roughly the same, simple mechanism at its heart: investors make money through an exit event (an acquisition by another company, or, less commonly, an IPO). The literature makes clear that this is the most established route, and it is.
But that doesn't mean it's the only route by any means, or that it will remain the dominant route in the future. For all its popularity, there are clear drawbacks in the venture investment model. Exit events are relatively rare, and for investors and founders to make a significant return, there is an implied incentive to grow quickly - sometimes unhealthily so. "Unicorns" - startups that quickly grow to be worth $1B or more - are not always supportive places to work, or beneficial to their surrounding communities.
I've seen a lot of interest in revenue sharing investment, as popularized by Indie.vc. Here, investors are paid back through a dividend based on real revenue made by the company, usually with a capped multiple on the original investment. The zebra movement - one of the most exciting things to have happened in startups for decades - advocates for models along these lines, and I strongly agree with a lot of their manifesto. When you dig into the details, there's a lot that still needs to be worked out in order to make the model truly viable - but I know from first-hand experience that it's possible to get there.
Another route is crowdfunding investment. The local news site Berkeleyside raised $1M through a Direct Public Offering - a type of crowdfunding that offers shares directly to the public. Matter's portfolio company RadioPublic has an open crowdfunding campaign right now using something called a crowd safe: an adaptation of a SAFE note that gives equity to a community. (The crowdfunding site Republic lists many such offerings.)
Another is, of course, an ICO. I've been personally skeptical of these - over half die within four months of raising money - but there have been significant success stories. Holo raised a little over 30,000 ETH, which at the time was valued at around $20M. The sector is rife with scammers and even more serious criminals, but if you're building a decentralized platform for the right reasons, it's possible to raise significant funds quickly.
It seems likely to me that we'll see more innovation in the space - and that some iteration on crowdfunding or ICOs (or both together) will eventually take off like wildfire. The point is, the investment tools that we commonly use are convention, not hard-set rules, and conventions change. They should change. We should be experimenting, while remembering a core set of guiding principles:
1. Many (but not all) ventures require investment at multiple, different points in their lives.
2. Most startups fail, because they are experiments, and they need to be able to do this without recrimination.
3. Founders should retain control of their ventures, and no investment should put the founders or the venture in jeopardy.
4. Investors need to see a potential return on their investment in order to have motivation to invest, and usually have financial models that require them to return a multiple on their total investment dollars.
I'd also hazard to add a fifth, newer idea: startups should do no harm.
On the technology side, technoconservatism is rampant, and even easier to see. When you care about a platform enough, as many of us do about the web and the internet as a whole, it's easy to get trapped in a kind of nostalgia bubble. Rather than seeing the internet as an interconnected set of networks of people, the trap here is to see it as a set of protocols and technologies that must be preserved.
Falling into this trap opens the playing field for exploitation by bad actors - which is something I'll go into in my next post.
Lately I've increasingly encountered arguments for "equality of opportunity vs equality of outcome", which is usually shorthand for a bunch of nastier opinions held by people who don't think we should be aiming for a more inclusive society. As far as I can tell, this is largely due to the rising popularity of Jordan Petersen, a conservative pseudointellectual who is fast becoming the voice of unreconstructed dudes who like to complain about feminism.
A good example of a distinction made between the two goes as follows:
Equality of opportunity provides in a sense that all start the race of life at the same time. Equality of outcome attempts to ensure that everyone finishes at the same time.
Painted as such, equality of outcome is an oppressive, Harrison Bergeron idea. Everyone must be completely equal! That means we must suppress achievement! We must make everybody the same!
Of course, nobody wants that at all. It's a disingenuous argument designed to avoid talking about systemic inequalities, and to thwart efforts to correct the balance. In this fictitious world, for example, highly-qualified male software engineers are being overlooked in favor of less-qualified women engineers. And by using diversity and inclusion metrics to measure progress, we're erroneously baking in discrimination against highly-qualified straight, white men.
At best, it's a half-understanding of reality. At worst, it's a deliberate subversion of reality in order to maintain the status quo.
The reality is that women and people from underrepresented backgrounds are being discriminated against. Sometimes this is overt and intentional: open racism and sexism exist in depressingly large numbers. Beyond that, it's got a lot to do with who has traditionally had power and privilege. When 80-85% of jobs are landed through networking, the people whose networks contain more people with the ability to hire win. In venture capital, it's considered bad form to reach out to an investor cold (a practice that I believe needs to change - please do pitch me cold!); the people with more investors in their network will win.
Who is going to do better from those systems: people whose ancestors were sold into slavery, who suffered racial oppression, who were persecuted for political reasons, who fled their countries, who hid aspects of their identities in order to survive - or people whose communities have enjoyed relative privilege for generations?
"Ah," the dudes will argue. "You're talking about white male privilege. But white male privilege is a myth." And lo and behold, we see the same stats about university admission statistics, and wage differentials between young men and women. For example, we'll likely hear an argument that the 79 cents women earn for every dollar earned by me is a myth because "women choose different jobs".
Choose. Sure. Okay.
Back in reality, the racial differential statistics are hard to argue with. And the idea of women choosing different sets of jobs - perhaps that they're biologically more suited for, if you want to throw in an extra layer of bigotry (without, of course, interrogating why those jobs are less highly-valued) - is not supported by research. As Catherine Pearson notes in the Huffington Post:
Sure, many women choose to stay home or cut back their hours after having children. But many others don’t opt out. They’re forced out because they cannot afford child care, or find a full-time job that affords them any kind of flexibility. And, culturally, Americans remain ambivalent about women working outside of the home. A little more than 30 percent of Americans still believe women should stay home full-time to care for young children. These biases, which play out both in the workplace and outside of it, affect how much “choice” some women feel they actually have, and speaks to the types of judgments women face for making said choices. Plus, women face a well-known “motherhood penalty.” They’re less likely to be hired for jobs once they have children — unlike men, whose prospects improve.
Fairly or not, I find myself thinking that many of the complaints come from people who are bitter that the attention isn't on them. Maybe they feel like life is hard for them and it's unfairly portrayed as being easy. Rest assured, disgruntled dudes: the overall balance is still very much in your favor. And you're in no danger of having less than equal opportunity. But when you've enjoyed outsized privilege for so long, any reduction is going to feel like oppression. And you should know that however hard you find life, people from other backgrounds are likely to find it harder.
From my perspective as a former business owner and current investor, systemic bias presents an important opportunity. There are all these amazingly talented people who unfortunately haven't had the same opportunities. As an investor, I get to back them, and because diverse companies outperform industry norms and companies with women in leadership roles do better, I'm more likely to do well out of the deal. The same goes if I'm hiring. Your loss, bigots! As well as being the right thing to do societally, it's a great business decision. Inclusion isn't altruism - although I also think it would be okay if it was.
Over time, as more women and people from underrepresented backgrounds - who venture capital superhero Arlan Hamilton calls underestimated founders - become present at all levels of hierarchy within our networks of power, the system will become more equitous. Until then, seeking out these founders and employees and proactively providing opportunities is the right thing to do.
Obviously, there is huge diversity within every broadly-defined demographic group. But people are discriminated against based on the superficial labels they carry, whether we like it or not. Measuring progress against those labels is one way to determine whether we're bucking trends when it comes to discrimination. That doesn't absolve us from thinking hard about intersectional issues. For example, neurodiversity is still not spoken about enough, but is an important part of inclusion. And I strongly believe that if I only invest in people who grew up wealthy, I've failed.
People often complain that "SJWs" ("social justice warriors", as if there's anything inherently wrong with wanting social justice) are loud and angry. Sure. They should be, and there's a long history of this. During the civil rights movement, people described activists then in similar terms. When your voice hasn't traditionally been heard, you need to raise it. And one way to help is to amplify those underheard voices.
So, back to equality of outcome. While we're not trying to create that Harrison Bergeron universe, outcomes do matter, and are logically inseparable from opportunities. Because we're talking about network effects and a society heavily based on who you know, the more diverse the networks, the better the opportunities for diverse individuals. And because we're talking about generational inequalities, the outcomes in one generation will affect opportunities in the next.
But outcomes also matter for another, even more fundamental reason. I strongly believe we should care about disadvantaged people in society. It's not enough to say that the market will take care of it when people are living on the street, or when the people of one nation are oppressed by the army of another to meet capitalist needs. Compassion for others is a core part of basic human decency.
The question of what happens to the person at the bottom genuinely matters. Whether you want to phrase that in terms of the gap between the bottom and the top—inequality, as such—or simply look at the absolute condition of the people at the bottom, you can’t escape the conclusion that outcomes matter, and not just in terms of procedural fairness. Today, even poor people are able to take advantage of things like electricity and antibiotics that were rare or nonexistent 100 years ago. That’s the kind of opportunity that matters—the opportunity for everyone to enjoy a better life.
If you're against that - well, then, I don't know if there's anything we can talk about.
When we're conducting interviews at Matter, we start every day by reminding ourselves of common biases to avoid. One of those is pattern matching: using what amounts to stereotyping, rather than data and insights on the specific founder you're evaluating, to make decisions. For example, investing in a founder because they remind you of Mark Zuckerberg is pattern matching.
Similarly, evaluating one company based on another's performance - rather than the characteristics of the business on its own merits - is harmful. Just because one company failed, that doesn't necessarily mean that another, superficially similar company will too. It might, but the devil is in the detail. There could have been a hundred reasons, like market timing or team dynamics, that led to the startup's failure.
Which is something I'm struggling with as I think about the emerging marketplace for decentralized apps.
For most of my career, before I became an investor, I was concerned with overcentralization of the internet. It seemed harmful to me - and a community of others - that most of our private information and highly personal communications were being stored and processed by a very small number of for-profit corporations. It also seemed counter to the vision of the web as a platform that nobody owned and anybody could contribute to.
In 2004, this was not a mainstream opinion to hold. So while I signed the Bill of Rights for the Social Web, built an open source social networking platform that could be self-hosted, and advocated for user-centered development for years, my efforts were met with questions like, "why wouldn't I use Facebook?" and comments like, "I've got nothing to hide." Impressive decentralized efforts like the DiSo Project and StatusNet never quite found a solid footing, although both led to advances in the space that are still being used today.
This ongoing community continues to meet, including at the upcoming Decentralized Web Summit, but it's uncanny to see the same arguments being used by a new generation of decentralized developers - and investors. Take this statement by Joel Monegro at Union Square Ventures:
The combination of shared open data with an incentive system that prevents “winner-take-all” markets changes the game at the application layer and creates an entire new category of companies with fundamentally different business models at the protocol layer. Many of the established rules about building businesses and investing in innovation don't apply to this new model and today we probably have more questions than answers.
Not only is this kind of institutional, utopian talk about decentralization a departure from the conversations we'd seen for the previous decade, it flies in the face of how many people think about venture capital, which has been tightly associated with "winner-take-all" markets.
The language and arguments are so similar that I have to fight to disassociate them with earlier attempts at decentralization. The real questions are: What makes blockchain different? Why is now a better time than ten years ago? What will these new technologies enable? And who are they for?
Today's decentralization has to be evaluated on its own merits, and not through the lens of the things that were built and tried previously. Hypertext existed before HTML, but the web was the thing that made it mainstream. I'm doing my best to drop my cynicism and better understand what the potential for these new technologies are - and as I do so, and squint beyond the greedy coin speculation and the ugly Libertarian ideals, the more I see to like. The web is a good analogy, because the utopian ideals that built that platform are present here too. And while web business models defaulted to monopoly, we're seeing something very different emerge here.
Over the last ten years, GitHub has become the central hub for most developers. Although open source projects can use it for free, and therefore are the most visible use of the platform, many companies of different sizes use it to manage their private code, too. Git, the underlying technology that powers the whole thing, is open source, and GitHub have been pretty good stewards.
For this reason, I think it's good news that it made money. It started out bootstrapped, but over time took around $350M in venture funding. Microsoft is buying it for $7.5B in an all-stock deal - which, given that GitHub was valued at $1.5-2B not all that long ago, is a pretty good return for shareholders.
I was pretty public about my approval on Twitter, and since then I've had a few conversations about how venture capital extracted value from open source communities. I worked in open source for over a decade in total, including founding two large projects, so please understand that I love openness and the four freedoms when I say that I don't think this is true in this case. Git remains open and decentralized; projects have the ability to take their code anywhere; and I genuinely think GitHub added value over the top, through innovations like pull requests. GitHub doesn't extract value from the labor of open source contributors. It adds value to their work and makes it more discoverable, while also making the process of open source collaboration more efficient.
Do I wish GitHub was open source and community-owned in itself? Sure I do. Do I think that's a necessity for it to add value to open source communities? No. Do I think GitHub needed its $350M venture funding given its $66M loss in 2016? Yes; I do, and I also think open source communities need to come to terms with the idea that the platform it uses was made possible with this kind of funding. There's a parallel universe where GitHub continued to bootstrap, but the service would look markedly different.
Finally, I also think the funding makes further investment in open source tooling more possible, which is good news for everyone. Microsoft's stewardship will ensure its continued existence - it may or may not screw it up, but that would also be true for any incoming CEO (which the company has been on the hunt for).
In short, I'm bullish. Let's see if I'm right.
There's rightly been a lot of discussion over the last few weeks about GDPR and its companion, the ePrivacy Directive. Internally, tech companies are scrambling: the architecture changes needed to support these changes need to affect every single user. Although they might provide related user-facing features only to people in the EU, the underlying data layers don't have meaningful differentiation between users from different countries, so the changes need to apply to everyone.
This is great news for proponents of individual privacy here in the US. I definitely count myself in that number.
One requirement making waves beneath the hood is the need for users to have their data completely deleted from a service. This isn't as easy as it might sound: a user's personal information typically isn't stored in one spot in a database, and isn't discrete from other users' information. Finding it and then ensuring it is removed without harming anyone else's experience is non-trivial in large systems, so perhaps understandably, most developers simply deactivate a user instead, leaving their data trail largely intact (but publicly inaccessible). That's not enough under this legislation.
The same may apply to files. Some years ago, researchers discovered that photos deleted from Facebook were lingering on their servers. It can be easier and cheaper just to remove access to a file than to actually physically remove it from disk. Content Delivery Networks also pose a problem: these are widely employed to optimize download speeds for content like photos and videos. This involves making copies of those files at "edge" locations that are geographically close to users around the world - so if you're accessing from Australia, you'll probably download it from an Australian node on the CDN. Sometimes, those copies linger long after those files are deleted.
Engineers are incentivized to provide fast, reliable implementations of required features and move onto the next thing. Storage is incredibly cheap, while processing time is less so. That means, in general, that they're likely to take the cheap, easy path and simply deactivate access to content rather than removing it. That's fine from a user experience perspective, but not from a user privacy and data rights perspective. GDPR, ePrivacy, and related legislation provide a much-needed stick to make content deletion do what the user expects it to do.
I've always struggled with resumés.
The paper, career-orientated version of my life is one-dimensional at best. Here's what it looks like, more or less:
Built one of the first local classifieds websites. Graduated with an honors degree in Computer Science. Worked in educational technology at the University of Edinburgh. Co-founded a startup and an influential open source community. Worked for the Saïd Business School at the University of Oxford. Was CTO at Latakoo, a video transfer startup for newsrooms. Became Geek in Residence at the Edinburgh Festivals. Co-founded a startup and an open source publishing platform. Worked in engineering at Medium. Became Director of Investments (San Francisco) at Matter Ventures.
I'm proud of those things, for sure, but none of this really describes who I am. Even if I added clubs, programs, or volunteering, it would remain a very transactional list. I don't think the people who know me best would even recognize me in it. Where is the human behind the jobs?
That's what I wonder every time I look at a LinkedIn profile or receive a resumé as part of a hiring process.
Traditional resumés also do a grave disservice to people who have had a more eclectic journey. It's often seen as negative if you've tried a bunch of things that aren't quite a linear career progression. I don't think that's the owner's fault: everyone walks their own journey, which is a combination of luck, opportunities, creativity, and highly emotional decisions that are a product of their circumstances. But those factors, that underlying humanity, is completely lost on the page.
I wish resumés told a story. I want to know the narrative of a person. The why is often more important than the where. Not why did I take this job?, but why do I make the decisions I do? What motivates me?
And most of all: what am I really proud of? For me, it runs the gamut:
I'm proud of moving to California to be closer to my mother when she got sick, and having to be kicked out of the ICU because I wouldn't leave her side. I'm proud of building an online community that was a safe space for teenagers to come out. I'm proud of not being money-driven. I'm proud of financially supporting social justice organizations like Planned Parenthood and the SPLC. I'm proud of a short story I wrote a couple of years ago. I'm proud of cooking my Oma's Indonesian recipes and helping them live on. I'm proud of refusing to fall into the trap of traditional masculinity. I'm proud of always working mission-driven jobs. I'm proud of my fundamental belief that everybody is connected. I'm proud of my terrible puns.
All of these things are much more me. They don't fit on a resumé, but they also don't fit on a social media profile. They're also not just things I've made or organized; some are just characteristics, positions, or actions. But, together with the work I've done and other things I've made, they form a more three dimensional picture.
I wish there was a place where I could read the story of a person. Everybody's journey is so different and beautiful; each one leads to who we are. It would be the anti-LinkedIn. And because you wouldn't "engage with brands", it would be the anti-Facebook, too. Instead, it would be a record of the beauty and diversity of humanity, and a thing to point to when someone asks, "who are you?"
I started looking at blockchain from a position of extreme skepticism. Over time, mostly thanks to friends like Julien Genestoux and the amazing team over at DADA, I've come to a better understanding.
I've always been interested in decentralization as a general topic, of course - the original vision of Elgg had federation at its core, which is something I experimented with in Known as well. I'm also an active Mastodon supporter. It just took me a lot longer than it should have to see the implications in blockchain to actually bring those ideas about - mostly because of the very broey, Wall Street veneer of that scene. I don't need to be associated with the modern day Gordon Gekkos of the world; that's not what I went into technology to do.
What I did go into technology to do is empower people. I want to connect people together and amplify underrepresented communities. I want to help people speak truth to power. And I want to help create a fairer, more peaceful world. Speak to many founders from the early era of the web and they'll say the same thing.
By decoupling communications from central, controlling authorities, decentralization has the potential to do that. For example, the drag community was kicked off Facebook en masse because they weren't using their government-sanctioned names; that couldn't happen in a decentralized system. On the other hand, it's almost impossible to flag problematic content in such a system, so it could also allow marginalized voices to become even more marginalized with no real recourse.
But ICOs are really interesting. There is a well documented demographic bias in venture capital: it's significantly easier for well-connected, upper middle class, straight white men to receive funding. That's because most funding comes via existing connections; reaching out to investors cold is frowned upon and rarely works. The result is that only people who have connections get funding (except at places like Matter and Backstage that explicitly have an open application policy).
ICOs might be a different story. They are (theoretically) legal crowdfunding mechanisms that allow anyone to raise money, potentially from anyone - without diluting ownership of the company. Assuming you can pull it off (which is likely also dependent on having the right connections), you could potentially raise tens of millions of dollars without having to prostate yourself to Sand Hill Road. It's potentially very liberating.
But I need help understanding some of the mechanics - and I suspect the community in general does, too.
In a traditional venture relationship, investors don't just bring money. They also bring expertise, connections, ideas, and sometimes even a shoulder to cry on. Your investors almost become like cofounders, and you build a relationship that lasts for many years.
In an ICO relationship, it seems to me that the incentive is for investors to dump their tokens almost immediately. You put your money into a presale, you wait for the price to go up, and then you immediately sell, because you don't know what's going to happen in the future. The good news is that you have your presale takings, but the potential for the post-ICO dump to irreversibly crash the price of your tokens seems high - which would effectively prevent you from being able to raise money in this way again. Not to mention the fact that you don't really have any kind of relationship with any of these investors. It's dumb, fickle money.
Equity is scary - you're giving away part of your company. But it also aligns investors with your mission. You're in the same boat: if you succeed, they succeed. At the extreme end, there's potential for certain kinds of investors to push you into unhealthy growth so they can see a return (sometimes employing toxic practices like installing their own HR team), but in general, I do believe that most investors are in it for the right reasons, and want to see companies succeed on their terms. I don't see an equivalent to the non-monetary side of the equation in the ICO world, and I worry that teams will suffer as a result.
But potentially I just don't understand. Just as a my friends helped me get my head into blockchain, I'd love some help with this, too.
The IndieWeb has long promoted the idea of POSSE: Publish on your Own Site, Syndicate Elsewhere. In the wake of the Cambridge Analytica scandal, lots of platforms are re-evaluating their API policies.
This is kind of rearranging the deck chairs on the privacy Titanic, because the problem was that all this data was collected in one place, not that there was an API that allowed third party apps to publish on a user’s behalf. (To be fair, the publish API possibly enabled algorithmic propaganda / marketing campaigns to operate more efficiently.)
Still, here we are. I think this is a good opportunity to reconsider how the independent social web thinks of itself. I’ve long stopped syndicating posts to Twitter, and instead just post there directly. But I do try and post anything of substance on my blog.
POSSE requires participation from the networks. I think it might be more effective to move all the value away: publish on your own site, and use independent readers like Woodwind or Newsblur to consume content. Forget using social networks as the conduit. Let’s go full indie.
The effect of independence is practical, not just ideological: if you publish on your own site, your words are much more likely to stand the test of time and still be online years later. Social networks come and go, adjust their policies, etc. And there’s a business value to being able to point to a single space online that holds your body of thought and work.
Back when I was working on Known, investors would ask about the supplier risk of being so heavily dependent on third party APIs to provide a lot of the core value. They were right. Time to stop trying to integrate, and to double down on helping people own their own identities online in a way that helps them achieve their goals.
I come from open source communities and bootstrapped my first startup for the first few years. I've also been heavily involved in the ethics of data collection and the implications of high-growth models. Although I am one today (albeit at what I consider to be an ethican firm), I understand why people choose to avoid VC.
I'm worried, though, that some people have decided that venture investment is wrong for reasons that don't hold up.
I often see this from first-time founders who are used to having a paid salary that allows them to build product all day. Often, they would like to continue to do the same thing, but on a product that they control. It's a nice idea: frankly, I'd like that too. I'd love to be fully in control of a product I spend all day making.
But there's literally no model that allows you to do this as a full-time founder.
Whether you're bootstrapping, doing an ICO, taking venture investment, crowdfunding or soliciting donations, you still have to do the hard work of actually building a business. The same is true whether you want to make a multi billion dollar business, or whether you want to create something sustainable that pays for you to live well (the dreaded "lifestyle business", which is actually a perfectly fine and honorable thing to build). It's also true, for what it's worth, if you're building a non-profit: how are you going to keep getting enough donations on an ongoing basis so you can make a profit and grow when you need to?
It forces you into some uncomfortable positions - particularly if you've never run a business before. Data-driven testing barely makes sense when you're starting out (how do you get to statistical significance?), but that's what most developers seem to want to do; in fact, a whole bunch of qualitative, real world understanding is required before you write even a line of code. And then you need to keep doing it, while you figure out your growth strategy, your pricing, what your user journey looks like, how you retain users, and so on.
Those aren't things that VC businesses need to work on. That's something every internet business needs to figure out. If you're sitting and building code all day, as fun as that would be, you're doing it wrong. The code exists in service to the business. You need to figure out your core risks and address them: your user risk, your business and financial risk, and finally, your technology risk. You need to be able to build something that people want and which will viably make money - with the time, resources, and expertise at your disposal.
Investors can give you not just the financial runway to figure that out, but also the expertise. They've seen most of this before; they can connect you to people who can help you. The wrong investors will absolutely lead your company to horrible places, but the right ones, who interact with you with a service mindset, will help you achieve your goals - whatever they are.
If you're doing something good, you need to make it sustainable so you can keep doing it. Smart, ethical investment can help with the money, and it can help with the network and skills to actually build your business. Sitting and building product all day absolutely won't.
In 2001, I built viral personality tests that for a while were the most shared content online. In 2016, this same mechanism was used as a backdoor to democracy.
I wrote a piece over on Medium about how Cambridge Analytica created psychographic profiles for 50 million users:
Elections have become information warfare battlegrounds, fought using all of our personal details without our consent. Here, the weapons are vast data silos like Facebook and Twitter, alongside open, anonymous marketplaces for highly targeted advertising.
When I talk to former colleagues about my life at Matter, and in particular how much of my day I spend talking to people. As an engineer, maybe I had three meetings a week; these days it's often eight a day. And I love it: as a former founder, I'm excited to meet with hundreds of people who are all working on things they care deeply about - and I'm excited to find them.
This is what yesterday looked like for me:
7am: I finished a blog post draft that will be published on Thursday. I'm excited about intelligent assistants and the shift to ambient computing, and I was able to back up my piece with sources from an internal investment trend document I wrote.
8am: Headed into work, listening to On the Media, my favorite podcast.
9am: Caught up with email. I'm still figuring out a process for this: I get more than I can really handle, and I don't feel good about sending one-line responses.
9:30am: A standup with the team, talking about the day, and any new developments.
10am: I welcomed a group of foreign journalists who were interested in Matter. We talked for an hour about new trends, how we think about products vs teams (hint: we invest in teams), and whether there's still a future for print.
11am and 11:30am: I jumped on the phone with some founders who wanted to learn more about Matter, and whether it would be a good fit for their companies.
12pm: More email, including outreach to some startups that I'm hoping will apply. There are a lot of people out there who don't think of themselves as working on a media startup, but who are exactly what we're looking for, and who could be substantially helped by the Matter program.
1pm: I joined in on a workshop with our Matter Eight teams, thinking about how to pin down the top-down trends that make their startups good investments. Key question: why is now the right time for this venture? Our Directors of Program are, frankly, geniuses at helping people think their way through these kinds of questions, and I'm always excited to learn from them.
2pm: I sat down with the CEOs of one of our portfolio companies to give them some feedback on how they're describing their venture to investors.
3pm: I spoke to another founder who didn't join Matter, but wanted to give me an update about where they were. It's always exciting to hear about how a team has progressed.
3:30pm: I took an audit of our application process on the web. Some applicants drop off while they're filling in the form, and I wanted to know where that might be happening. At the same time, I did some SEO work on the website. (SEO work follows me in every role, wherever I go.)
4pm: I have a personal goal of reaching out to at least five startups a day - so I spent more time doing research and uncovering both communities to visit and events to attend, as well as individual startups that I would love to see join the program.
5pm: Facilitated introductions for some portfolio founders who wanted to meet certain investors. I always do double blind introductions, asking the investors first if they want to connect. Then I turned to going over our applicants, reading through their decks, and doing some research on their markets and founders.
7pm: I went home to eat.
8pm: I caught up on my RSS subscriptions, reading about the various industries and founders I'm interested in.
There's no time for coding anymore - but there's a lot to do, and I couldn't be happier to support these amazing founders. If that's you, applications are open now.
I've been thinking a little bit about repurposing of software. One line I've always said I won't cross - inspired by one of the original investors in Elgg, who said the same thing - is that I won't build software that will be used directly or indirectly to kill people. That rules out working on defense contracts, or anything involving weaponry.
The trouble is, software can be repurposed. You could write an algorithm that identifies objects in photographs in order to improve search results, for example, and come into work one day to discover that it could be used for drone targeting. Algorithms can be used for evil. (I would argue that drones, at anybody's hand, fit the definition of "evil".)
I mentioned this on Twitter this morning, and Julien Genestoux made a really important point:
Not "can". will. I am sure there is a ton of OSS code in a lot of the military. Some of it likely used to kill people. we just do not know about it.
— Julien Genestoux (@julien51) March 8, 2018
Open source software can be used by anyone for anything, as long as the four freedoms are adhered to:
The freedom to run the program as you wish, for any purpose (freedom 0).
The freedom to study how the program works, and change it so it does your computing as you wish (freedom 1). Access to the source code is a precondition for this.
The freedom to redistribute copies so you can help your neighbor (freedom 2).
The freedom to distribute copies of your modified versions to others (freedom 3). By doing this you can give the whole community a chance to benefit from your changes. Access to the source code is a precondition for this.
There is nothing to prevent unethical use of the software. This is a real gap: while I applaud the principles of freedom at work in open source licensing, I would be appalled if Elgg or Known or anything else I'd written were used to cause harm to others. I want no part in that.
Specific modifications to open source licenses exist to achieve certain goals. For example, if software is released under the GNU Affero Public License, running it on a server for people to use counts as redistribution, and any modifications to the code must be made public.
So what if there was a version that refused use for military / defense applications? That would allow software to continue to be used freely, but would deny the license to anyone directly working for, or contracted by, military or defense organizations. Those parties would need to negotiate a specific license, allowing the softare vendor to make decisions on a case by case basis.
The license wouldn't be universal - not everyone has the same objections I do. But for developers like me, it would provide some peace of mind.
Applications for Matter Nine are open. It's my job - together with my New York City counterpart, Josh Lucido - to run the process, source candidates, and find the twelve teams that will walk through our San Francisco garage door on August 13.
We get many hundreds of applications for every class, which almost all arrive via our website. The trick is to ensure that everyone is handled fairly, robustly, and with transparency internally to the team. Nothing happens based on a whim, and nobody can fall through the cracks.
Inspired by Nick Grossman's piece about how Union Square Ventures ran their analyst application process, I thought it might be interesting to show off how we're using a collection of tools to drive our Matter accelerator application process.
The application form
The entire application to our accelerator takes place on a single form. We don't ask for a video, although we do want to see links to external resources like your website - and we definitely want to see a deck.
We've used Typeform to power our application form for years. The interface is both simple and pleasant to use. For a while, we had it embedded on our site, but a few users reported that the embed didn't work well on mobile devices, so I decided to link directly to the form instead.
Although the form is designed to be quick to fill in, we ask for a lot of information that will be useful to us as we make our decisions. (It's early stage, so these answers are more than likely imperfect, and that's fine.) Do you know who your user is? Who is the team, and can you execute? What is the mission, and why is that important? What are the trends that make this the right time to start this venture? How do you think you'll make money? We also ask diversity and inclusion questions to help us track our progress on our goal to build a more diverse and inclusive kind of startup community.
All of this data is used to make decisions in the sourcing process individually. It's also used in aggregate to examine trends in the startups that apply to us, and to help us figure out where the gaps in our sourcing might be, as well as how to iterate our process.
So storing it in a way that can be analyzed easily is vital. I don't have time to write my own scripts, and the investments team shouldn't need to have a computer science degree or know how to code in order to do this.
Luckily, AirTable exists.
AirTable looks like a spreadsheet (at least, by default), but is much more like a database. Datasets are split up into "bases", which each contain "tables". Each table in a base can reference each other. And while a traditional database might have field types like text and integers, AirTable adds file-sharing, images, tagging, spreadsheet-style formulae, and a lot more.
Our ecosystem base has two core tables: People and Companies. These contain all the people and all the companies in Matter's ecosystem; not just those who have come through the application process.
To that, we add Applications and Assessments. Almost every question from our form is represented here. For example, we use a tag field (technically a "multi-select") for the areas of focus for the venture, a text field for a link to the deck, and long-text for the qualitative questions.
Our form asks about each member of the team, and these are represented in the People table. Similarly, the startup itself is added to the Company table. Each Application links to a Company, which in turn links to several People. That way, if a company applies to several classes, we can easily see each of them, and see how the company has evolved from one application to the next.
Because AirTable allows us to view a table using a Kanban view, we can easily create a view that starts applications in Inbox, allows us to drag them to Under Consideration, Invite for Pitch, and so on. It looks like this (I've hidden our actual applicants, and there are closer to 15 statuses in total):
For every single startup that applies, we assess the applicant using a special set of questions that we also use in our Design Reviews throughout the program itself. The answers to these questions get stored in the Assessment table, which links to the Application table. AirTable lets us structure this as a form, which I keep linked from my browser bookmarks tab:
(This is a subset of the questions.)
So to assess an incoming application, and at each stage of the application process, each reviewer's feedback is captured on the form, which is them recorded in AirTable. The investment team meets every week to decide who to advance through the process, based on the feedback.
Connecting Typeform to AirTable (and letting us know about it)
I built a Zapier zap to automatically translate incoming applications from Typeform into AirTable (as well as to notify us in a special investments-incoming channel in Slack).
It looks at the company in the application; if it doesn't already exist in AirTable, it builds a new entry in Companies. Otherwise, it updates the existing one.
It looks at each individual in the startup; if they don't already exist in AirTable, it builds new entries in our People table. Otherwise, it updates the existing ones.
And finally, it always creates a new Application entry, sets the Status to Inbox, and sends a summary of the information to Slack, so we're immediately notified that something new has come in.
We can now track every application for every company, including all our assessment notes, from a simple interface that also allows us to perform operations on the quantifiable information we capture. From this, we could theoretically create live dashboards that chart our process; we can (and do) also create static summaries of how our applications pool breaks down across themes, stages, team skills, intersectional diversity and inclusion statistics, and more.
I wish some of these steps were easier (for example, if AirTable's own forms were prettier, we might not need to use Zapier etc at all). And there are definitely things we could improve. Still, it's a robust process that allows us to run a very competitive application process in a data-driven way using a small team.
In the future, this structure will allow us to add new interfaces - for example, why not apply to Matter with a conversational chatbot? - that talk to this AirTable back-end. We can also easily perform experiments with the application process to make it more streamlined, brand application forms for specific events or partnerships, or better support certain communities.
In particular, I've been incredibly impressed with AirTable, and I've started recommending it to everyone. I'd love to hear your experiences.
And of course: Applications are open. Join Matter Nine today.
I'm doing a lot more writing on my own blog this year. Writing has always helped me think through a problem space and socialize ideas; it's a good way to get feedback on something you're thinking about early. Unlike an article or a project, a blog is deliberately imperfect, and it works best if you do it regularly.
I'm not a lone blogger. There's something nice about reading my news feed away from the noise of social media (and on a reverse-chronological stream rather than somebody's algorithm), and I find myself learning about things I never would have otherwise discovered. It's a struggle - social media absolutely is addictive - but it's really worth it.
Here's my reading stack:
I use NewsBlur to power my subscriptions. It's $36 a year, and absolutely worth it. One great feature is that it allows you to subscribe to email newsletters: you can create a Gmail filter to forward your newsletters to a special address, and essentially keep them confined to a special inbox.
Because the reader ecosystem is pretty open, a few native apps are available. I've settled on Reeder for my Mac and iPhone; it's slick and gets out of my way. (The mobile app is $4.99 and the desktop app is $9.99.)
I'm trying my best to only follow individuals for now, but I expect I'll start adding some particularly insightful corporate / startup blogs over time. I'd love to hear recommendations.
Finally, I've noticed that Fred Wilson (who has blogged every single day for years) also allows readers to subscribe to his posts via email. If I'm going to continue to write on a regular basis, this seems like a pretty good idea; sadly the RSS ecosystem, as wonderful as it is, is very far from being mainstream at this point. He uses Feedblitz, and I'm thinking of giving that a try too. I'd love to hear whether you'd find that useful.
It's clear at this point that intelligent assistants - and more broadly, ambient computing devices that you interact with naturally, rather than holding like a smartphone or laptop - are going to play an important part in our digital future.
Of the platforms doing the rounds at the moment, I'm most excited by Alexa, because of its relative openness: Amazon has made it available as an operating system for manufacturers, so it'll start showing up in cars and offices, and they've treated their product line-up as a series of proofs of concept. Nice.
Still, you need to plug Alexa Skills (their name for apps) through their APIs in a relatively closed way. Back-end deals need to be done for new functionality, and so on.
What if that didn't need to be the case? Picture this:
1. I'm using my favorite web service. It lets me know that I can install its functionality into my WebSkills-compatible intelligent assistant, either using UI on the site itself, or through a strip at the top of the page, a bit like how Safari on the iPhone tells you about relevant apps. I push the button, because I'd love to be able to talk to this service whenever I need.
2. My device prompts me to make sure I want to authenticate with this skill and install it in my assistant. Sure I do.
3. What's actually happening is that an endpoint, referenced in the website's HTML through a
<link rel="webskill" href="..." trigger="service name"> tag, is being registered with my device. (No,
trigger isn't a valid
link propertt right now, but bear with me.) The trigger is the unique service word that can be used to trigger the request. For example, if the trigger was "Wolfram Alpha", the request to the assistant might be of the form, "Alexa, ask Wolfram Alpha what is the GDP of Bhutan?"
4. When a request is made, the intelligent assistant looks to see if the trigger word has been registered. It then calls the associated URL from the link tag using a GET request with a q property that contains the full text of the request.
5. The endpoint returns either text to be read out, or the contents of a WAV or MP3 audio file. The intelligent assistant dutifully plays this out.
This is one example of a simple mechanism that would allow any provider on the internet to add intelligent assistant skills in a cross-platform way. It's unsophisticated, but it would allow a thousand intelligent assistant platforms to bloom, with the web at their core, rather than a few monopolistic platforms.
I'd love feedback! It's easy to talk about these kinds of projects, but talk is cheap, so my next plan is to build a proof of concept.
I'm starting to more closely follow developments over at Stellar. The platform forked from Ripple a few years ago, and while the former has made hard connections to a bunch of traditional banks (Santander, UBS, American Express are all partners), the latter is trying to create a genuine platform that can be used to underpin a variety of real services that allow people to quickly move funds in a decentralized way, including across borders.
As a result, one of its areas of interest is helping to support the underbanked. That absolutely piques my interest: if services can be built to lift people out of poverty in a non-predatory way (that last part is key), it's a genuine good for the world. LALA, which helps migrants send funds back to their unbanked families, is one such service that just announced it'll be using the platform.
Open Garden is another: a way for people to share internet connections with each other. You share your internet via your phone's wifi hotspot, and earn value that can in turn be traded to use someone else's bandwidth while you're on the move. Theoretically, this should prevent people from taking without also contributing to the network.
A lot has been made of its partnerships with IBM and Deloitte; Stripe is also on the list - and has been since the beginning - which implies some interesting payment integration possibilities in the future. Of course, it might also just be watching the market.
But what's most exciting to me is the advisory board: the founders of WordPress and Stripe are both represented, as is the Director of the Apache Software Foundation, and Sam Altman from Y Combinator. That's a solid combination of platform builders, openness experts, and startup supporters.
I do have a small number of Lumens (840 at the time of writing; my only cryptocurrency holding), because I decided I wanted to learn more about the space. I'm very turned off about speculative cryptocurrency investments; it's just not something that's interesting to me, in the same way that hedge fund trading is not in any way my bag. What I've always cared about is open platforms that have a positive societal impact, and I think that's what Stellar has the potential to be. Once the Wall-Street-like crypto buzz has died down, these are the things that will matter.
I sometimes tell the story of the three places where I’ve been involved in founding startups.
in Edinburgh, the cost of living was low, and I never worried about healthcare. I don’t think I would have founded a startup, or entered this world, without these kinds of democratic socialist protections. But at the same time, everybody told me it would never work and that I should get a real job. And although it’s changed since, in 2003 there was absolutely no infrastructure for starting this kind of business: precious little money or expertise.
in Austin, there was a lot of enthusiasm; very little “get a real job”. But with the exception of certain pockets, my perception is that investors were primed for more traditional businesses, and didn’t quite have the risk appetite or the value-add in terms of expertise they could offer. (This is changing rapidly, too.)
In San Francisco, there’s money and expertise everywhere. You can get funded and have coffee with people who have been on the journey many times before. Sometimes, you bump into those people in the burrito line. It’s a completely different universe. But, correspondingly, the cost of living is much higher and it’s harder to stand out, because there are a million other startups vying for everybody’s attention.
It’s not quite Goldilocks and the Three Bears, but it’s not three even choices, either.
I don’t think it’s possible to build a technology business and not at least visit the Bay Area regularly. Should you live here full time? I’m actually not sure - although you’re maximizing your opportunities for serendipitous meetings, the whole area is absolutely beautiful, and everyone’s really just a short walk away, you’re also meaningfully shortening your runway. There are lots of people here who don’t work in startups, so it’s absolutely possible to stay grounded, but some people only travel in those circles, and that’s an existential danger, too. And obviously there are the people who are only in it for the hope of VC money, absolutely everywhere.
Like everything, I think you’ve got to work out what’s best for you, your team, and your mission. But start with the individuals. What nourishes you? What kind of place will make you feel supported even when things are going wrong? Where does your joy come from, and where can you be in a place that makes you feel passionate about something, where you feel like being human is beautiful and not something flawed that needs to be improved? Where will you not just work best, but live best?
I’ve found that here, but it’s different for everyone. Start there and work backwards.
It’s easier than ever to understand how the Holocaust happened. As many have said, it doesn’t start with concentration camps and gas chambers; it starts with scapegoating, labeling certain groups as inferior, and reducing their rights. It starts with bigotry. And standing by in silence, which is a quiet bigotry all of its own.
The Holocaust was legal. It’s the clearest example of how justice isn’t the same as the law, and how standing up for what’s right is not the same as upholding what is legally allowed.
The people who were silent were patriots. They believed in their country. They believed they were putting Germany first. They didn’t question their leaders because they believed in the greatness of their nation. Or, worse, they just didn’t want to care about “politics”.
After the war, principles were established. If you don’t question authority - even as a soldier - you are complicit. If you’re asked to be part of a war crime, or if a war crime is the path of least resistance, you must refuse. Everyone has agency and you don’t get to hide behind superiors. Soldiers have commanding officers; civilians have peer pressure and social norms.
It’s worth asking, in 2018, what you would do if you saw any group marginalized in the way people of Jewish descent were in Germany in 1933. What would you say? Where would you march? To what lengths would you go to preserve democracy and equality?
Because it’s up to all of us. It always is.
For 71 years, the Bulletin of the Atomic Scientists has used a clock to represent how close we are to armageddon. Midnight represents the end of human civilization. And today they brought it closer to midnight than it's ever been: just two minutes away.
In the United States, Russia, and elsewhere around the world, plans for nuclear force modernization and development continue apace. The Trump administration’s Nuclear Posture Review appears likely to increase the types and roles of nuclear weapons in US defense plans and lower the threshold to nuclear use. In South Asia, emphasis on nuclear and missile capabilities grows. Conventional force imbalances and destabilizing plans for nuclear weapons use early in any conflict continue to plague the subcontinent.
This is closer than during the Cuban Missile Crisis or any moment in the Cold War since 1947 - which sounds surreal, or melodramatic, even. But here we are.
Somehow we've moved away from global peace and diplomacy to a world full of posturing, inequality, and isolationism. The only way to turn back the clock is to bridge divides and create a more inclusive, empathetic society once again: one where everybody has the ability to prosper and the emphasis is on the global human experience, not the exceptionalism of just one nation.
Turning back the clock is all of our jobs.
By opening up Stories to the web, Snap envisions a way for content on its platform to go more broadly viral — the way Twitter and Instagram posts have captured real-time news and cultural events. News organizations, for example, could link to Snapchat Stories on the web, while celebrities will be able to share their personal Snaps outside of the app.
This is exactly why every social app will eventually allow users to share to the web. A crucial part of every user journey is discovery: that touch point where someone discovers your service for the first time. Building something slick and assuming users will just show up is a massive mistake: they simply won't.
In the name of growth, and because it's a genuinely useful feature, every social service eventually allows you to share content with people who haven't signed up yet. And when you do share to someone who doesn't have the app installed yet, there are really two possibilities:
1. They get a page telling them to install the app.
2. They get a preview of the content that they would experience using the app.
Speaking for myself, I would never randomly install an app from a share - or at least, the barrier is much, much higher. Most people carefully guard what they install on their phones. But if I click through and see some great, personal content without needing to install the app - and then I see more and more of it over time, perhaps via Twitter or Facebook, but potentially sent to me via IM or email - I'm much more likely to install the app and sign up myself. That's the growth story for Instagram. A version of it was the growth story for YouTube. And even Twitter, back in the old days, had amazing web embeds that started to show up on peoples' blogs.
Sharing an experience without asking you to install software is something only the web can do.
It's a sign that Snapchat wants to grow faster and build a much larger audience. It's also a sign that it's growing up beyond what was an exclusive, and slightly obtuse, social network into something it wants everybody to use. Such is the path of every social network.