[VIC – 90] Lift raising capital. Paradigm shifts in computing. No mac & cheese. Camp Calm.

Business & Money

Apparently, Alphabet (Google) is batting around the idea of a $1 billion investment in Lyft. This is funny and ironic for a whole host of reasons, but I’ll leave those for another day. The thing I’m really thinking about is, what if Lyft just accelerated IPO plans and listed early as a means to raise capital, instead of relying on the private markets?
This would poor serious gasoline on the fire that is the burning chaos over at Uber. First off, I doubt Uber’s private valuation would hold up if the market had an opportunity to value its closest rival. This would lead to serious markdowns from the late stage investors and mutual funds, more board disputes, and more disgruntled employees. It also might further delay Uber from going public to give it more time to grow into its private valuation. Further, it might give Lyft the opportunity to control their own narrative instead of constantly living in Uber’s shadow.
Of course, this is all really just an interesting thought experiment. Once both companies are public, who went first won’t really matter. But it’s interesting to think about nonetheless.

Human Progress

We went from mainframes to PCs, PCs to the internet, and from the internet to mobile. But what comes after smartphones?
Apple would like to think it has something to do with the Apple Watch, and they may be on to something. At their latest Keynote, Apple announced that Watch 3 comes with built-in cellular capability, which is the beginning of the watch’s untethering from the iPhone.
If you remember, this is exactly what Apple did with the iPhone. When the original iPhone launched, it required that you had iTunes running on a computer to be able to use it. That’s how you got your music, backed up data, and installed software updates. Then the app store launched and you could download all software over the air, stream music, and do anything else that software developers could dream up.
Now with Watch 3 + Airpods, the same thing is happening. You can start to imagine a world where you don’t actually need to carry around a smartphone all the time. And as Siri continues to improve, coupled with powerful NLP technology, Apple could be ushering in the next major paradigm shift in computing.

Philosophy

One of the things I love about meditation is the mindfulness that cultivates outside the practice itself.
I went to grab my normal lunch at Dig Inn this past Friday. When I arrived, I saw the macaroni and cheese looking fresh and delicious. Despite my elimination of dairy lately, I thought “maybe I’ll have a cheat day and treat myself to some mac & cheese.” Then not even a second later, I thought “nah, that’s just a temporary craving and I don’t really want it that bad.” The craving had appeared then disappeared in my mind, just like that.
Then I got to the register and the cashier proceeded to ring up the person in line behind me as if I wasn’t even standing there. I got annoyed for a half second, then it was gone. I was in no particular rush.
Then, as I proceeded to the cutlery station to retrieve a pair of silverware, that same girl who had been rung up before me viciously cut me off to get her silverware first. I stepped back, watched her walk away, and just had a little laugh to myself. It’s so confusing to me how rude people can be, while being completely oblivious to it. Haha. No big deal. I just sat down, enjoyed a wonderful lunch, and subsequently had a wonderful day.
All of these cravings and emotional responses just rise and fall seamlessly when you recognize them for what they are, and realize that they need not upset your mindset.

My Latest Discovery

I’ve written here before about how much I love Raptitude, “a blog about getting better at being human.” David Cain, the blog’s author, also runs a virtual mediation retreat called Camp Calm. Registration for the next session opens up this week if you’d like to check it out. It’s a very lightweight introduction to mindfulness and meditation. You won’t regret it.

[VIC – 78] A master plan. The evolution of free speech. Pause and begin again. The most enjoyable book.

Business & Money: a master plan

Do you remember back in 2006 when Elon Musk posted his master plan for Tesla? In short, the steps were as follows:
1) Build a high-end electric sports car
2) Plow all of the $ from sales back into the company in order to move down market with a more affordable model
3) Make consumers “energy positive” (produce more than you consume) via electric cars + other sustainable products like solar panels.
While Elon is killing it and following his plan to a T, he’s not the only one with a master plan. Brian Armstrong, founder & CEO of Coinbase (the largest cryptocurrency exchange), published his own version this week. Brian is on a mission to “create an open financial system for the world” (aka bring digital currency to the masses). I’d recommend taking 4 minutes to read the entire post, but just in case you’re feeling lazy, I’ll summarize it for you.
1) Make it really easy for normal people to invest in digital currency via a retail exchange (Coinbase’s product in its current form).
2) Make it easy for professional traders and institutions to participate in the exchange. Professional traders = higher trading volumes = more liquidity = lower volatility.
3) Create a mass market application to allow regular people to start getting real value from the payment network. In other words, build the killer app for digital currency. (just like the web browser did in facilitating the explosion of the consumer internet)
4) Pour gasoline on the fire by building/investing in/partnering with new applications for digital currency.
I can’t wait to look back on this moment in 10 years and see where things stand. Exciting times we live in!

Human Progress: the evolution of free speech

One of my primary news sources is the Economist. In reading a European publication, and also in speaking with European friends, it seems there are still remnants of social democracy across the pond. By that I mean that there is some memory of shared public space and the public good.
By contrast, individualism reigns supreme in the American context. It’s a core tenant of liberal democracy. Free speech is an excellent example of this. Any person should be able to say anything at any time via any medium (with rare exceptions like saying “bomb” on a plane). This is all good and well. Except for when it’s not.
We now live in a time of so-called “fake news” or “alternate facts.” So, regardless of truthfulness or verifiability, anyone can post a story on social media that has the potential to reach millions in an instant.
It seems we may have arrived at a point where we need a progression or evolution of the concept of free speech. It seems we are in need of shared standards around the quality of information. And these standards should not illicit feelings of an encroachment on the first amendment. I don’t believe a commitment to high quality information and truth equates to censorship.

Philosophy: pause and begin again

I wanted to share a snippet from a guided meditation session a few days ago. (you’ll have to imagine that dreamy guided meditation type of voice)

Just to help you maintain that focus on the breath,
just silently starting to count the breaths as they pass.
One with the rising sensation.
Two with the falling sensation.
Then three, then four.
Just up to a count of 10.
When you get to 10, you can stop,
then start again at 1.
Just try that a couple of times through.
Remember to allow thoughts to come and go,
but the moment you get distracted,
just gently bring the attention back again,
to that physical sensation of the breath

It’s perfectly normal for the mind to wander off.
Remember as soon as you get distracted,
as soon as you realize that the mind has wandered off,
just gently bringing the attention back again
and just picking it up on the number you left off on.

This is such a powerful idea. Many people say that the hardest part about meditation is calming the mind. You have so many thoughts running around at any given moment. How can you possibly just sit and think about nothing?
But that’s exactly the point. It’s perfectly normal to get distracted. It’s not about being perfect, but instead just allowing the distraction to come and go. As soon as the mind wanders off, just refocus the attention and begin again.
There are so many of these moments in life. For me personally, I lose deals at work, get upset with my fiance, have disagreements with family and friends… the list is never ending.
Whenever these things happen, meditation has made it easier to simply pause, refocus, and begin again.

My Latest Discovery – the most enjoyable book

Surely You Must Be Joking Mr. Feynman is one of the most fun and enjoyable books in existence. It’s not often that I’m constantly chuckling and smiling to myself as I flip through the pages of a book.
The book is about the life of the world renowned and Nobel winning physicist Richard Feynman. It’s really just Feynman telling short stories throughout his life in very simple and informal terms. He has an unbelievable way using seemingly frivolous events to convey profound ideas. It’s truly amazing!
BUT WAIT!! If you decide to check it out, watch this video first.

It’s Feynman talking about light. Seeing his quirky mannerisms and hearing how excited he is allows you to really see and hear the stories while you read.
If you don’t laugh while reading this, leave me a comment and I will reimburse you for the cost of the book. Scouts honor!