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The American

american

Review: Just read THE AMERICAN by Henry James. What makes this novel so fascinating is that a wealthy man, who has nearly everything, is denied his true love precisely because of his good and honorable nature.

If he had been the least bit deceitful or immoral he could have obtained his prize. Unfortunately, his own goodness condemns him to a life without love. Read More...

STARTUP LESSON: Video Talks

video

STARTUP LESSON: I find myself creating a lot of videos for partners overseas. This is one where I’m talking to investors in Shanghai. I’ve done videos for conferences, signing ceremonies, startup pitches, and even weddings.

Making a video can take a lot of time, so I’ve optimized the process. I do every video in a single take, so there’s no editing. I also try to use a background that looks professional. Lighting is key. If you’re stuck in a hotel room, stand in front of the window, angel the camera upwards so the bed doesn’t show, and move your face close to the camera. Read More...

STARTUP LESSON: Eat Less, Do More!

I love eating, and I eat way too much. It’s a freaking miracle I don’t weigh 300 pounds. But I’ve learned that the less I eat, the more energy I have. When I cut my food consumption in half, I have double the energy.

I just need to start doing this on a regular basis.

The Blockchain Fintech Summit of Silicon Valley

This one-day conference seeks to bring together government, industry leaders, financial institutions, investors and academia to discuss innovative strategies and solutions to the applications of Blockchain.

Register Here

Given it is in its early stage, Blockchain still has many challenges to overcome in terms of cross-border collaboration, including technical difficulties, information asymmetry across geographies and ambiguities regarding business applications. Through actively engaging thought leaders in the field, we hope to help attendees develop a better understanding of Blockchain and its role in bringing further innovation to the economy. Read More...

Dear Leader

leader

Review: Just finished reading “Dear Leader” by Jang Jin-Sung. It’s the unbelievable true story of how a high-level government official escaped from North Korea.

The book works on many levels. It gives a vivid account of the suffering in North Korea; it’s a gripping tale of escape, with all the twists and turns of an action novel; and it’s a political and social commentary. Read More...

Yik Yak’s Troubles Are Not Its Business Model

High-flying Yik Yak, the anonymous messaging app, just laid off 60% off it employees. It raised $62 million from Sequoia Capital in 2014. As I always say, it doesn’t matter how much money you raise if you don’t have the right product.

Some bloggers claimed Yik Yak’s demise was due to a lack of business model, but this is untrue. Yik Yak has a perfectly good model. It’s the same as Facebook, SnapChat and Twitter: advertising. The problem was that growth slowed because users simply don’t value anonymous chat. Their initial growth was based on novelty, not customer need. When, in desperation, Yik Yak removed the anonymous posting feature, they lost their one unique value, further accelerating their demise.

Only products that fill a true need are sustainable. When investing in startups, you always have to look at the need over novelty.

Startup Spotlight: Exeq

ExeqFounders Space alumni, Exeq, just launched with $1.5 million in seed funding.

Exeq is the easiest way to stay on top of your finances. It helps users budget, save and invest with recommendations tailored to their lifestyles.

Exeq was started in New York City by Eli and Daniel, two business and philosophy majors trying to get a grip on their personal finances. With growing distrust for financial institutions and the banks, Eli and Daniel set out to create a banking experience our generation could understand and trust. Read More...

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