Correct. But the speaker industrial complex requires you to actually publish a book to get those speaking fees which is how everyone actually makes money.
@realEstateTrent
This is why—if possible—smaller buildings built with a “campus” feel will always trump large houses (for me). The other benefit: it turns the outdoors into some of the most used space
NYC hospitals moving to block birth partners and doula support for pregnant women as they try to keep OB units safe. Yes, btw, I'm expecting a baby girl in 3-5 weeks. 🙏 for rapid diagnostics in that time. Thankful my wife is stronger than I am.
It's important to remember that you really do choose your own reality. For me, I get stuck in a place of nothing ever being good enough. Sometimes it results in good work and sometimes it's just suffocating. So watching hundreds of reviews roll in like this is 😍
Getting notes from friends and acquaintances about how much joy they've gotten from cooking in their Field Skillets (often with their kids) is a real pleasure.
@asemota
If you want to get a sense for how powerful computing is in the financial world... it is literally changing the human world and people don't know. Friend of mine gave this talk in 2011:
@asemota
The other big issue is that Nigeria doesn’t have a powerful contingent (like local manufacturing or exports that are a significant chunk of gdp) that would seriously benefit from floating the currency
Kicking around Africa and frontier markets at the beginning of the crypto revolution has been eye opening— incredibly excited for all of the amazing things in front of Yele and Nestcoin.
Today marks the beginning of a new and exciting journey.
I'm pleased to introduce Nestcoin
@nestcoin
. We're building, operating and investing in simple products that make crypto accessible for everyday people in frontier markets
@signorabraham
@EghosaO
African venture has a different problem… needing funds to be a certain size to throw off enough management fees to be viable businesses… and not necessarily enough venture trajectory companies to support those sized funds
Africa is the future of youth on planet earth, worth paying attention to gerontocrats election behavior in Zambia, Uganda, etc. Can’t wait for more services delivered from space…
WhatsApp is “down” in Zambia on our General Election.
Friends in the rest of the world, please signal boost this. Pls RT. Pls share; pls get this in front of change makers.
The internet is our global commons, and everyone’s best bet at safeguarding the good of the people.
@nateliason
That's if you kept it as a loan against assets and didn't convert it to a mortgage. My understanding is a lot of people did portfolio loans to buy all cash / win competitive deals... and then hopefully rolled that quickly into a 30 year at 3%
@IAtalkspace
Think it's a little more nuanced. If you want to push a message that has real content or depth—you go local. If you want to communicate with more global capital markets, that's not the path.
@asemota
A lot of young founders (African or otherwise) that haven't worked in slightly bigger orgs don't understand the pain of a fast growing org—and wisdom of choosing highest caliber team of reasonable size you can find as a first career move.
I don’t really know why it seems to be going in this direction… but as I get older the most joy always seems to be found in doing the work. That wasn’t always the case and I’m grateful for the evolution.
@asemota
@just_norm
I think it's very likely that many of the "tech" winners in Africa end up having to pursue deep vertical integration into very non "tech" things to actually get larger scale.
@jstn
One of my favorite digital "craft" things I've ever read was someone's account of being deep in Carmack's code and all the ways they just consistently had their mind blown
I find myself trying to trace through repercussions of things happening... let's try a bit here— Sur la Table is one of the major cookware retailers (along with Williams Sonoma)
Because "synergy" is usually non-existent... and the thing that actually drives long term value is hard to pin down and decades in the making (brand). Roll-up of pay for revenue with no economies of scale...
Always thought a dominant holdco would emerge for various online DTC brands - basically have a common ad tech/CRM stack, consolidated shipping rates to benefit from scale and shared back office functions.
Has yet to happen. Curious as to why.
Today: giving a talk trying to synthesize years of thoughts on the relationship between humans, tools, materials, human craft and materials as technologies for a group of people building the foundational layers of bio manufacturing. Wish me luck.
Investors are insecure about whether they are helpful (most aren't). All they need to do to be helpful: help paint target for milestones needed for next raise. Do that clearly with good intel and stop armchair quarterbacking and you're better than 99% of all other investors.
@_SirWilliam_
To be fair, the cold blooded way this usually goes down is employee stock options expire worthless because they can’t afford to exercise within the window (standard used to be within 3 months of leaving the company)
Today, I had the pleasure of being a Kitchensurfing chef again—showing up at a friend's house fully equipped to make an amazing breakfast instead of "going out" somewhere. It was magic all over again.
Hi everyone!
I'm really excited to announce something I've been working on.
It's called Breadwinner (
@tryBreadwinner
) and it's a community for bakers.
It will help you find new recipes, log your bakes, and give your starter a home on the web:
@just_norm
@Kdenkss
Generally: global investors DD process on African startups has been terrible. Investors will still look for the trees, but expect pace to be slower and DD process to be a lot more thorough. And less trust in local VCs that have been party to big gaffs
Some good writing and thinking from
@Kdenkss
on the collision of major through lines of the 21st century: African population rising, democracy, bad leadership, AI, and a dose of optimism
@oliviercantin
@realEstateTrent
It's very property dependent, but the kinds of things that can be wonderful—
- Main house with bedrooms for nuclear family / likely large kitchen and dining area for central gatherings
- Guest houses wonderful to have friends and family visit more often vs. "in your space"...
Can we have a conversation about more inspiring choices for a running mate for Biden in a country that needs to heal? Current names don't get you there. Where's Michelle Obama?
@signorabraham
@EghosaO
But I should also declare my priors—I think the venture style of financing is a mismatch for Africa in many ways and that something that looks like a hybrid of VC / PE / would probably have much better returns.
@asemota
A career goal should be: never have to "look" for a job. Few things higher signal in recruiting (but verify!) than someone talking casually about how their previous coworkers brought them into this gig / that gig.
@asemota
😂 this has been true for 20+ years. I worked on some of the teams writing early HFT algos in the late 90s and any idiot looking at things like charts thinking he can compete with machines deserves to lose all their money
Brilliant thing about Patagonia—they do an amazing job of fierce dedication to their values without over proselytizing. It's the ultimate kind of inclusivity.
A friend recently told me he wants to spend the next decade enabling and supporting 10,000 companies like
@Patagonia
:
Values driven
Financially sustainable
Impactful
Ethical
Stakeholder focused
Long-term focused
I hope he goes after his vision. The world needs these companies.
Isn't the lesson from Soviet Russia that it's easier to send rockets into space than solve the complex coordination problem of feeding and providing basic needs for a lot of people?
@asemota
Africans that can figure out how to do that with segments of their markets and open them up to each other, other African countries, and the world will create enormous businesses that do so much for so many people
@schlaf
2/ The Hudson Valley is a misnomer as one place. It's a collection of small towns and cities (pop 4 - 25k at largest). Quality of life means reduced commute. Driving 35 min from Hudson to Kingston every day isn't quality even if drive is pretty.