CategoryEconomics

The flaw of GDP

Even if we act to erase material poverty, there is another greater task, it is to confront the poverty of satisfaction – purpose and dignity – that afflicts us all.  Too much and for too long, we seemed to have surrendered personal excellence and community values in the mere accumulation of material things.  Our Gross National Product, now, is over {$17 trillion} dollars a year, but...

Winning AND LOSING the war on (global) poverty

Hans Rosling has a great new talk on global poverty (with even better graphics than his first TED talks).  As always, he tells a great story.  However, in his five minutes he explains what happened over 215 years, but doesn’t provide any analysis.  Most importantly, he doesn’t point out that we are not only winning this war on global poverty, but at the same time losing. The story...

California Capitalism

What is the story with the unicorns?  Is there a tech investment bubble?  What on earth is going in in the venture investing world? The short answer is that we’re at a crux of a paradigm.  The paradigm wrapped around investing venture capital in startups. Few people I talk to know that venture capital, as practiced today, is a fairly new concept.  People instead assume...

Entrepreneurship is slowing???

We seem to be in a golden age of startups.  From my nearly quarter century view as a serial entrepreneur, it certainly seems that entrepreneurship does nothing but rise year after year. Surprisingly, the U.S. Department of Labor says otherwise.  According to the Bureau of Labor Statistics entrepreneurship has been declining. According to the same research, the death rate of small businesses is...

A hidden cause of Inequality

Income inequality has finally floated to the surface of the news.  It’s nice to see this issue being talked about, but much of what I’m seeing is focused on the symptoms, with solutions like “just pay the workers more”.  What I’d prefer are some opinions on the root causes, purposefully plural as this is not a simple issue. I believe I have uncovered one such hidden cause.  It lies down in the...

The purpose of business

Practice makes better.  The Ignite format looks simple, 20 slides, auto-forwarding every 15 seconds, making for an exactly 5 minute talk.  Hitting the timing of the slide transitions comes down to two strategies.  Either practice, practice, and practice, not skipping or adding any words to the script, or don’t even try, making the slides pure images that don’t need to be in sync with...

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