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Day 2,495

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Hello. Again. World.

I have revived my personal blog on behalf of the company, because the World needs my brain.

-Amanda

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MVP

Our content was the MVP. A long time ago.  People so uncreative these days, can’t think about anything.

Look through the content over time. It looks like it continued to adjust & change. Almost like it was reiterating based on data, while a different company of mine was pivoting around a revenue model. Just like technology does. Somehow, it amassed a bunch of users!

Then it hit high growth rates, just like a technology startup does. Why is that? Is it luck? Why was it able to grow so fast, with seemingly nothing?

Yes, this is sarcasm.

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Co-Living Concepts

I think there is a very interesting disconnect in how the tech community deciphers data and trends.

On one hand you could say co-living is a trend and startups go crazy. But the real story behind the scenes is no one actually likes co-living or being stuck at home till they’re 30; people just feel forced to do something because housing cost is so high and they’re sacked with student debt.

Perfect example. It’s one of those situations as a company, you get to make a choice between following a trend or solving a real problem.

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Buzzwords.

There are many words I can use to describe various parts- machine learning, singularity, decentralization, blockchain, etc.

Buzzwords do visions a disservice though. I don’t learn the terminology because once you do, you’ve warped your own vision. You start comparing it to definitions instead of what it actually should be.

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Ideas are worthless

Browsing Quora, I notice people that declare “no one wants to steal your idea” and “execution is everything”.

These people are stupid. 

Ideas have always been stolen. Kellogg vs Post, Jobs vs Gates…to name a few.  The McDonald’s brothers created competition by giving free tours of their new assembly line idea for food because “ideas are worthless”.  Among those ordinary folks who joined a tour?  Founders of Taco Bell and Burger King. Thank goodness Kroc wasn’t that stupid, otherwise no one would’ve made money.  I’ve successfully spawned numerous fake Plan to Start’s just by talking to measure the spread of ideas.  To understand that ideas are copied and stolen, is to understand people are unholy and choose not to think for themselves wherever possible.

KFC is supposedly a proprietary recipe that only 2 executives in the company know.  But the real secret, is it was never the recipe. In the 1950′s, it was Sander’s invention of the pressure fryer that could reduce cooking time of chicken from 40 minutes to 8 minutes.  He marketed it with a persona he developed for himself.  This was technology that had never been built before, but could easily be duplicated. So they instead attributed their success to a secret recipe as a means to deter competitors.  It worked and people then became obsessed with trying to steal and duplicate this recipe while KFC took the market.

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Me no do research.

Don’t actually analyze or research current problems, if that’s not already obvious by now. Would be like analyzing horses/buggies while you’re building cars in 1900.

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“We Hustle”

“We hustle”

Yeah sure you hustle, hustle yourself right into oblivion.

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Wage Perspectives

Second daughter’s father part-time college job (GenX) was delivering papers for law firms at $22 an hour in 1990. Which he says was a good but fairly common job for University students at that time. If a Cumulative inflation rate of 106.2% should’ve made that $45.36 per hour by now.

First daughter’s part-time college job (GenZ) in 2020 is working at CVS Health for $11 per hour. Now considered a good but fairly common job for University students (she works with several).

Same city, same university, and economic class of family.

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Accelerators vs Incubators vs Coworking vs Venture Capital

Note: I already have all the solutions and plans figured out, so this isn’t like a brainstorming session article.  This also isn’t a professional article, it’s my personal blog.  Trying to communicate some of the beginner stuff, but I’m a horrible teacher due to a subpar Broca that regulates the transition from ideas to the formation of comprehensible verbal words expressing those ideas. At least you can trust that my understanding of these ideas are actually a millions times higher then what I’m capable of telling you about.  

This area is the focus of my discovery.  So I don’t talk about it often, but wanted to highlight some differences and existing models in the market:

While both may raise money and invest, startup accelerators and incubators are run more like businesses themselves (often under the guise of “preparing companies for venture capital”). A venture capitalist is supposed to be a specialist- an investor that invests in something very special, like the next Google. Technically, these two shouldn’t even be investing in the same companies.

Most founders I’ve seen don’t understand this difference. One founder recently, for example, tweeted about their shock when they saw an incubator using their company as a PR strategy to raise money for the incubator, instead of for the company. This happens all the time, especially when the accelerator or incubator is new. Because it’s a business, and most founders don’t realize they don’t have the next Google– that means it costs money to help them and they can’t make up for it with equity.   

Equity-Based Models (In Search of the Googles)

There’s an interesting conundrum here- the question of who has the next Google and therefore actually has valuable equity to give (almost no one).

Silicon Valley is always afraid to say the ‘emperor has no clothes’.   They have witnessed something special enough to know it exists, so everything is considered special.  And because they kept all the opportunity isolated to one area- they could afford to assume everyone was special.

The rest of the World had the exact opposite problem- they aren’t tainted by their experience and similar group beliefs.  But they have never seen something special, so nothing is ever automatically assumed to be special.  In fact trying to do anything special, was usually completely hopeless because of Silicon Valley’s high concentration of venture capital.

The disparity between these two, allow both to remain ignorant in their own worlds.  Resolving that isn’t the entire solution, it’s actually only a very tiny portion, but it is the first thing that must happen.

Incubators

Most incubator models are actually just selling desk space and throw in some mentors; who then evolved into YCombinator like models propositioning themselves on a little bit of cash and resources in exchange for equity to launch a company.  The YCombinator models breaks here- the “next Google” doesn’t need to be prepared with “mentors’ and launch resources” for venture capital to begin with.  Because this REALLY just lowers value and the focus on launching takes the focus away from discovery (where Google stayed for 4 years and Standard Oil for 7).  And venture capital shouldn’t be investing in incubator companies.  But because the equity/mentor incubator biz model falls apart unless it raises follow-on VC funding for it’s companies, the ruse continues.  There is perhaps a question over the value of “middle ground” companies (what are basically “successful” lean startups), but I won’t get into that because then I can write 100 more pages.

Co-Working

If they don’t do the money and mentoring component, we also might call them co-working spaces. Again it’s the same thing- ie desk space. Coworking spaces are like incubators, but decided that mentors were difficult to get to volunteer, so peers could mentor each other.  WeWork for example fit into this real estate category, because it’s value proposition was redesigning the office space and reducing the lease terms.  We call it desk space because actual commercial leasing still involves retail storefronts, medical, warehousing, etc.

Commercial Leasing

The reason these real estate models evolved into incubators in the first place- was because commercial real estate leasing was very different then residential: commercial uses the income approach for valuation of the property. So the more successful the tenant was- the higher $ for the landlord. Instead of focusing on other metrics like vacancy rates. Most people didn’t realize that commercial leasing was always similar to investing too, because it was about picking the right businesses. Often landlords invested upfront as well in their companies to “build-to-suit”, and would loose too much money if 90% of them failed. Hense why the lease terms were often so long to begin with. But there’s a critical difference- one picks for returns because the LP is the customer, and the other is going to focus on short-term metrics to increase rents because you are the customer.

So all these models: incubators, startup accelerators, and coworking spaces are actually very unrevolutionary. They’re all pretty much the same thing. It’s easy to see why people are getting them confused, as venture capitalists are also trying to compete with each other now and have started offering more services and increasingly are loosing sight of being a specialist.