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Thanks to @chamath for laying this out in Social Capital's 2018 annual letter.
I've always appreciated his outspokenness.
2/ The hardest thing for most startups today is the path to market: first finding product-market fit & a way to reach customers, then building a ruthless machine to acquire, monetize & retain them.
3/ Because of this, when the VC industry invests capital into fast growing startups today, the plurality (if not majority) of invested capital will go into user acquisition and ad spending, for better or worse— usually worse.
4/ Todays massive venture-backed advertising, sales, and user acquisition playbook has morphed into one that champions growth at any cost.
This is creating a big bill that will soon come due...
5/ Ad impressions and click-throughs are bid up to outrageous prices by startups flush with venture money, and prospective users demand more and more subsidized products to gain their initial attention.
It's all in French, but if you're up for it you can read:
• Their blog post (lacks the most interesting details): https://t.co/PHkDcOT1hy
• Their high-level legal decision: https://t.co/hwpiEvjodt
• The full notification: https://t.co/QQB7rfynha
I've read it so you needn't!
Vectaury was collecting geolocation data in order to create profiles (eg. people who often go to this or that type of shop) so as to power ad targeting. They operate through embedded SDKs and ad bidding, making them invisible to users.
The @CNIL notes that profiling based off of geolocation presents particular risks since it reveals people's movements and habits. As risky, the processing requires consent — this will be the heart of their assessment.
Interesting point: they justify the decision in part because of how many people COULD be targeted in this way (rather than how many have — though they note that too). Because it's on a phone, and many have phones, it is considered large-scale processing no matter what.
Or is it just another evil corporation strengthening it's monopoly power?
I had the misfortune of buying a 2018 Mac Mini on ebay a few days ago. Unfortunately, it had not been wiped, and it's security defaults had never been changed.
This essentially turns it into a very shiny paperweight.
And this is where everybody jumps to blame the victim. "But everybody knows you have to make sure the seller wipes the Mac."
My how the corporate overlords have trained us to be their apologists.
To be clear, I'm a software engineer. Part of my job is supporting Mac users. Where I work, people hold on to their computers for several years generally, and the T2 chips are only a couple of years old, so I hadn't run into this situation at work.
Of course, I'd read about them, but I was confident that whatever condition the computer arrived in, I'd likely be able to deal with it.
Unfortunately I hadn't read up enough to be an expert on their T2 chip and Activation lock.
So I have been studying this entire communication layer as its relevance is ever growing with more devices coming online, staying connected, and relying on real-time communication. Not that this domain under penetrated, but there is a change underway.— Ameya (@Finstor85) February 10, 2021
This thread is inspired by one of the articles I read on the-ken about #postman API & how they are transforming & expediting software product delivery & consumption, leading to enhanced developer productivity.
We all know that #Twilio offers host of APIs that can be readily used for faster integration by anyone who wants to have communication capabilities. Before we move ahead, let's get a few things cleared out.
Can anyone build the programming capability to process payments or communication capabilities? Yes, but will they, the answer is NO. Companies prefer to consume APIs offered by likes of #Stripe #twilio #Shopify #razorpay etc.
This offers two benefits - faster time to market, of course that means no need to re-invent the wheel + not worrying of compliance around payment process or communication regulations. This makes entire ecosystem extremely agile
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Market forces lead to suboptimal investments in health and education, especially social determinants of health and early learning. (Invest early, invest often for biggest rerurns.) /3
Public policy can provide the "monopolistic" investment that optimizes (at least improves) productive potential of every person in society, not discounting the potential of the poors and the marginalized. /4
This is exactly what we are going to need more of in the next few years, as the Global North ages rapidly and we are faced with dependency ratios that look like the 1960s, but with half the growth. That working are population will need all hands on deck. /5
In short, after a lifetime of being told that markets can do the job if you just get out of the way, we are entering an era where we will need more public policy interventions to optimize growth and well being./6
Let folks have their many talents, interests and gifts. Life is far more fun with variety, loves.
A lot of folks have come to know me as an activist & I’m grateful that folks care to know me at all.
But I wasn’t born in 2014. I was a whole teacher, executive, policy person, speaker, arts and culture lover, reader, writer, woman of faith, fashion and more before 4 yrs ago 🤷🏾♀️
We rightfully complain that marginalized people are not allowed to be fully human.
But we internalize and transfer our oppression daily. It’s a smog. We all breathe it in & act it out.
And then tell WoC “girl ain’t you supposed to be a _______? Why you doing ____?”
Can I live?
And don’t go reading anything personal into this-this isn’t about me necessarily and it’s no subtweet (I try hard not to do that.)
I’ve just been observing that behavior more and more lately. Especially when it comes to marginalized folks.
Evolution should be our aspiration.
“Can’t knock the hustle” should be our anthem.
As long as someone isn’t bringing active and continual harm, why can’t they explore their many sides?
I get asked for writing tips a lot. Of all the ones I’ve given, here are a few of the ones that seem to hold true and remain somewhat universal or at least mostly unobjectionable:
1. If you are a fast writer (i.e., if you compose first drafts very quickly) then you absolutely must become a slow editor. Much of what I call “writing” is really, for me, editing.
2. If you don’t read you cannot write a lot or well. Sure, maybe you can read like a maniac for a decade and then read less after that, but without some large volume of intake, there will never be a meaningful output.
2.1 I sometimes say that I feel like writing without reading is like trying to run a marathan on a cracker. And sadly I see many students struggling to write when they have simply never read enough to fuel that demand of the task at hand.
3. All writing is writing if one decides to treat it that way. If one takes some degree of intentional will when sending emails, posting on social media and writing notes and marginalia, then all of that can count as meaningful daily writing.
The court said asshole administration revoked asshole Jim Acosta's press pass without due process. WH deemed him press, gave him a press pass, then they kicked him out without even being able to say who made the decision or on what grounds.
We want hostile, combative reporters. We **want** that. **You** want that. We want that because the press secretary of every single administration is a liar. Even the ones you like. Lying is their job. They show up to avoid answering, but give the appearance of being answerable.
It shouldn't be easy for government to just refuse to be answerable. It should be hard to dodge. Hard to kick people out. Hard to control the narrative. That shouldn't be easy for the gov't. Not even your most favoritest president.
You, the American citizen, want the truth. Reporters should be there to get it. That means asking questions doggedly, demanding answers. This is not an obscure idea. It should be obvious to anyone who's experienced having a president you didn't vote for. Super rare right?