Web 2.0 & the Economy: It’s Different This Time, Part 2

In the past month, there have been a plethora of doom and gloom articles about web 2.0, Silicon Valley, the economy, and start-ups. In this series, I address some of the major concerns, arguing that perhaps the negativity is not all warranted. Part 1 From…

Why the Web 2.0/Tech 2.0 ‘Bubble’ Refuses to Burst

In agreement with Marc Andreessen, there probably won’t be a web 2.0 correction for a long time. Right now we have interest rates still at zero, and there is so liquidity in the world right now, so much wealth. Every time web 2.0 is supposed…

Snapchat’s Huge Windfall : The State of Web 2.0

Looks like my 2014 prediction of Snapchat, originally valued at $4 billion, being worth $30 billion by 2016 is coming true. This talk of bubbles reminds me of 2007 when everyone, including all the experts, was certain Facebook was a bubble at a valuation of…

Optimism or stagnation? A case for both.

Interesting podcast Ep. 282 – Tyler Cowen: What the Future Holds: Stagnation or Innovation? Both sides are correct. Tyler is right about complacency (although there has always been a complacent class), and James is right about how such complacency either is not a big deal…

Leninism, part 2

In Biological Leninism, in response to Spandrell’s eponymously titled epic post, I end by arguing that revolution is unlikely: This probably explains why there won’t be revolution/revolt in America, because although there is a lot of wealth inequality and dissatisfaction with the status quo, basic…

How High-IQ Millennials Make Money

Among boomers and even gen-x, the correlation between wealth and IQ isn’t very strong, or at least it isn’t nearly as strong as it is with millennials and gen-z. There are plenty of rich medium and low-IQ boomers–often blue collar entrepreneurs, pensioners, real estate owners…