0 to 60 Hundred Million in Eight Years …. The Genius (AAARGH!!!) of Uber

When Uber released its financials, the reasons were political. But the results breathtaking, nonetheless. Uber was founded in March 2009 and in a mere eight years had revenues of $6.5B (gross bookings were $20B). For context, this is comparable to where Google was eight years after inception, and significantly higher than Amazon and Facebook. Without arguing about the nature of revenue, this is still a staggering achievement. In … Continue reading 0 to 60 Hundred Million in Eight Years …. The Genius (AAARGH!!!) of Uber

“Skinny Repeal” of Obamacare is a Bag of Lemons

The skinny repeal was to do away with the individual mandate where individuals are required to buy health insurance or face penalties. It is a bag of lemons. George Akerlov won the Nobel Prize in Economics for a paper he published in 1970 called “The Market for Lemons: Quality Uncertainty and the Market Mechanism”. In it he said that markets could collapse if one side of the … Continue reading “Skinny Repeal” of Obamacare is a Bag of Lemons

States with Greater Gender Wage Disparity Tend to Favor Donald Trump

I was just looking to see how California (home state) did when it came to women’s wages, as compared to men. Really, I was looking to see if there was a connection between women’s representation in state legislatures (a very good thing) and the wage gap. Nothing detailed, just simple armchair empiricism, which is the worst (best?) kind of empiricism. And found nothing obvious. Continue reading States with Greater Gender Wage Disparity Tend to Favor Donald Trump

Phantoms Menace – in other words Google, Facebook, Amazon …

Something you hear a lot in Silicon Valley is how hard it is for the little guy to compete against the Googles, the Facebooks, and the Amazons of the world.  They have a platform.  And, it’s hard to compete against a platform. A lot of the value of platforms is driven by data and how that data can be used to optimize business decisions.  The … Continue reading Phantoms Menace – in other words Google, Facebook, Amazon …

Will you walk in to my parlor, said the speaker … from Apple, Amazon, Google, Microsoft, Samsung

The four most valuable public companies in the world are, in order, Apple, Google, Microsoft, and Amazon. Samsung is not too shabby either. The aggregate market cap between these five companies is about the same as the combined market cap of the U.K, and exceeds that of France, Germany, and Canada.

So, what does this $2.7T of market muscle have in common? Well, possibly a bit. But, curiously, one is the purposeful push of their own voice assistant speakers. Amazon led the way in 2014. The rest of the Big 4 made announcements subsequently, and Samsung is rumored to be planning one as well. Continue reading Will you walk in to my parlor, said the speaker … from Apple, Amazon, Google, Microsoft, Samsung