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Well that didn’t take Snap very long. Remember when Twitter seemed like the well-executed social media IPO compared to Facebook?

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The Orleans Hotel, Las Vegas NV. This is, after all, a magicians’ convention -- where everyone and everything is always fine in the end...

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It’s hard to keep up with the rapid-fire pace of depressing news coming out of the White House and the most “respected” and highly valued corners of Silicon Valley. The victim of Brock Turner’s assault has already done the hardest part.

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Brotopia is burning [0.08]

Posted on Aug. 11, 2017, 4 p.m. by Pando latest articles @ [source]

In the late 1990s, the phrase the “new economy” was coined in reaction to Internet companies that seemed to defy all the normal laws of business physics.

They could raise massive sums of capital, and go public for billions of dollars with no revenues a year later.

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These past few days, you might be forgiven for thinking we’re all living in a Chris Morris sketch. Chris Morris:Misunderstanding it certainly is.

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No category has seen a greater volume of deals in recent years than the money companies trying to “solve dinner.” Exactly two have gone public: Grubhub and Blue Apron. It will let restaurants deliver, or its network will deliver.

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This is clear when it comes to the on demand revolution that has essentially turned half of the population into lower-paid contractor workers doing the bidding of everyone else.

It’s certainly clear with the battle over diversity in Silicon Valley.

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Back in April, we predicted that the next time Uber raised capital, it’s valuation would fall so far that it would go from the highest valued startup in Silicon Valley history and the highest valued startup in the heady ride-sharing space. The Information reports that the rumored Softbank deal would come at a steep discount from Uber’s near-$70 billion valuation, valuing the company between $40 billion and $45 billion.

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Sitting at SFO at 8am last Friday morning, I was surprised to look up from my Us Weekly and discover I had been transported to an episode of Jersey Shore.

The whir of a blender.

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The iPhone company would like you to know it's about more than just the iPhone. Apple tends to make about two thirds of its revenue from the iPhone.

Apple handsets holding investors iPhone months piece revenue sold thirds

 

Walter Isaacson’s book about Steve Jobs features a scene where’s Jobs is so angry to have been ousted from Apple that he stares out his widow listening to “The Times They Are a Changin’” on vinyl over and over again. According to Re/Code, Kalanick has been telling friends he’s planning to “Steve Jobs it” and return as CEO of Uber.

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Last week, Tesla released its long awaited Model 3. I think we'll all collectively figure it out, but we don't actually have it today... ...Venture capital as it's configured today is very good at picking up science that's been developed, largely with federal funding, for 30 or 40 years, and then doing the last 2 to 5 years of applied development to get it into a commercial product.

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Twitter seems to have resumed its campaign to become the Yahoo of the post-Yahoo era.

There is one difference between Twitter and Yahoo.

Alibaba call campaign grew post quarter resumed stake Twitter years

 

If you weren’t one of the 10,000+ folks who watched Robert Scoble’s livestream of my keynote on Silicon Valley’s Morality Crash at Montreal’s Startupfest, the video was posted a few days ago and is embedded here.

Thanks so much to everyone who has been talking and Tweeting about it.

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Without Google, for example, I’ve had to find new ways to navigate unfamiliar cities -- either good old fashioned luck, or enchanting non-profit maps alternatives like OpenStreetMap. Without Amazon I’ve had to re-learn where best to buy books, electronics and other essentials.

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If entrepreneurs are so data-obsessed, why do they always talk about “luck”? Sometimes we kept the world’s most famous VCs and entrepreneurs in the hot seat for more than three hours.

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Earlier this month-- while we were all still fixated on bro-gate-- Pitchbook put out an interesting report on WeWork’s unimaginable new $20 billion valuation. Pitchbook attempted to put some perspective on just how big of a jump in valuation that was for a company that has had it’s own bro scandals and deals in the nitty gritty of hard to scale real-world office space...

bro earlier fixated gate interesting Pitchbook put Report valuation WeWork

 

Today, I have something rare for you: I am going to apologize to a wealthy, powerful man in tech.

Since September 2015, I have given Marc Benioff-- one of the industry’s most celebrated advocates for equality whether it’s LGBTQ rights or equal pay for women-- absolute shit for this interview he did with Travis Kalanick at Dreamforce.

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I realize by admitting that I’m telegraphing my privilege: My ability to buy toothbrushes willy nilly when most of America can barely afford avocado toast.

But still, as a 37 year old man who has spent almost twenty of those years as a professional writer, I have to believe I’ve earned the right to spend my fortune as I wish.

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