Kickstarter tries to clarify what it's about

As I have written before, I believe that Kickstarter is a novel and important way of allowing innovators and information creators to ensure against some of the risks associated with upfront investment by obtaining some pre-investment signals of demand. Strictly speaking, those signals were supposed to be financial support but ultimately ended up being, for …

Apple's big mistake

Regular readers will know that I often are willing to give Apple the benefit of the doubt. But with iOS 6 released today they have actually made a mistake that makes you wonder "whether Steve would have allowed it." The mistake was to drop Google Maps and replace it with an in-house Maps app with …

'Smart' lightbulbs

I like seeing the ideas coming through Kickstarter. Some are crazy while others are pedestrian. But one just caught my eye and I thought it was worth blogging about. It is LIFX that is billed as a reinvention of light bulb. Basically, these people wondered what could happen if you put WiFi connectivity in each …

Does Piracy Harm Sales?

My last post challenged a New York Times op-ed’s view that the media industries should give up fighting piracy. Implicit in the Times editorial’s argument is the idea that piracy has little or no impact on media sales — a view shared by many in the tech community and seeming by some journalists as well. My colleague, …

Black swans and judging entrepreneurial ventures

The ever interesting Paul Graham of Y-Cominbator published another essay yesterday entitles, "Black Swan Farming."  No, it isn't about a possible Western Australian agricultural opportunity. Instead, it covers this: The two most important things to understand about startup investing, as a business, are (1) that effectively all the returns are concentrated in a few big …