Wall Street Journal: U.S. Business

Robert Reich

Naked Capitalism

Overcoming Bias

  • The Master and His Emissary
    I had many reasons to want to read Iain McGilchrist’s 2009 book The Master and His Emissary. Its an ambitious big-picture book, by a smart knowledgeable polymath. I love that sort of book. I’ve been meaning to learn more about … Continue readin…
    - 2 days ago, 23 Sep 18, 5:25pm -
  • My Poll, Explained
    So many have continued to ask me the same questions about my recent twitter poll, that I thought I’d try to put all my answers in one place. This topic isn’t that fundamentally interesting, so most you you may want … Continue reading →
    - 2 days ago, 23 Sep 18, 3:10pm -
  • Allow Covert Eye-Rolls
    Authorities, such as parents, teachers, bosses, and police, tend to have both dominance and prestige. Their dominance is usually clear: they can hit you, fire you, or send you to your room. Their prestige tends to be less clear, as … Continue readi…
    - 6 days ago, 19 Sep 18, 6:25pm -
  • Great Filter, 20 Years On
    Twenty years ago today, I introduced the phrase “The Great Filter” in an essay on my personal website. Today Google says 300,000 web pages use this phrase, and 4.3% of those mention my name. This essay has 45 academic citations, … Continue read…
    - 10 days ago, 15 Sep 18, 11:45pm -
  • News Accuracy Bonds
    Fake news is a type of yellow journalism or propaganda that consists of deliberate misinformation or hoaxes spread via traditional print and broadcast news media or online social media. This false information is mainly distributed by social media, bu…
    - 16 days ago, 9 Sep 18, 4:30pm -
  • Sexism Inflation
    What counts as “sexism” seems to be slowly inflating. You may recall that in 2005, Larry Summers lost his job as Harvard president for suggesting that genetically-caused ability differences contribute to women doing less well than men in science.…
    - 17 days ago, 8 Sep 18, 8:20pm -
  • Commitments Explain Gaps
    Consider trying to predict the details of unattached people’s kisses. That is, you might have data on who such people have actually kissed when, where, and how, and data on who they say they would be willing to kiss under … Continue reading →
    - 19 days ago, 6 Sep 18, 6:45pm -
  • A Coming Hypocralypse?
    Many people have been working hard for a long time to develop tech that helps to read people’s feelings. They are working on ways to read facial expressions, gazes, word choices, tones of voice, sweat, skin conductance, gait, nervous habits, … Co…
    - 22 days ago, 4 Sep 18, 4:00am -
  • Separate Top-Down, Bottom-Up Brain Credit
    Recently I decided to learn more about brain structure and organization, especially in humans. As modularity is a key concept in complex systems, a key question is: what organizing principles explain which parts are connected how strongly to which ot…
    - 25 days ago, 31 Aug 18, 3:40pm -
  • My Market Board Game
    From roughly 1989 to 1992, I explored the concept of prediction markets (which I then called “idea futures”) in part via building and testing a board game. I thought I’d posted details on my game before, but searching I couldn’t … Continue…
    - 27 days ago, 29 Aug 18, 7:30pm -

Information Arbitrage

  • Recycling: The challenge and the opportunity for a Seed stage VC
    My recent post gave rise to a host of questions around the issue of recycling. What does it mean? How do you do it? And what are the implications for venture investors? I attempted to respond in a Tweetstorm, but recycling is a complicated issue that…
    - 5 Oct 16, 8:48pm -
  • The TTD Investment and the IA Ventures Model
    A Little HistoryIA Ventures began life a little less than seven years ago, just as the world was coming out of the worst economic crisis since the Great Depression. The term “Micro VC” had yet to be coined. “Big Data” was still somewhat myste…
    - 29 Sep 16, 1:25am -
  • Welcoming John to IA
    Brad, Jesse and I are happy to announce that our friend and colleague, John Hadl, is joining IA Ventures as Venture Partner, effective immediately. We have personally gotten to know John over the past four years due to our shared investment in PlaceI…
    - 12 Mar 15, 8:29pm -
  • Crowdfunding for start-ups: A durable trend or a bull market phenomenon?
    Angel investing is red hot as is the concept of crowdfunding start up investment. Part of this phenomenon has been driven by the emergence of AngelList, the brainchild of Naval Ravikant. What started out as a way for a curated set of angels to inves…
    - 23 Nov 14, 10:44pm -
  • Financial interaction: the next generation
    I have spent over 25 years creating, processing and analyzing financial transactions. I like studying them - a lot - whether an outgrowth of my time on Wall Street helping sophisticated entities manage risks, or through IA Ventures’ investments in…
    - 25 Feb 14, 10:43pm -
  • IA Ventures: Reflections on 2013
    2013 was a very different kind of year for IA Ventures. While the years 2010-12 were characterized by 8-10 new investments per year, in 2013 we invested in only three new companies: Data Robot; Digital Ocean (DO) and Sight Machine (SM). Digital Ocean…
    - 3 Jan 14, 8:28pm -
  • “If you can’t do something willingly and joyfully, then don’t do it. If you give...
    “If you can’t do something willingly and joyfully, then don’t do it. If you give up drinking, don’t go moaning about it; go back on the bottle. Do. As. Thou. Wilt." - The late Peter O'Toole
    - 16 Dec 13, 1:05pm -
  • Venture Capital and "Innovation"
    Many have recently been critical of the role of the venture industry in financing “true innovation.” The narrative goes something like this: “VCs are like lemmings, flocking to the latest consumer wave (mobile chat, ride-sharing, etc.) in searc…
    - 16 Dec 13, 2:41am -
  • Evidence is mounting that people at the bottom are increasingly stuck without skills or pathways to...
    Evidence is mounting that people at the bottom are increasingly stuck without skills or pathways to rise. Research from the Federal Reserve Bank of Boston shows that in the 1980s, 21 percent of Americans in the bottom income quintile would rise to…
    - 15 Dec 13, 1:51pm -
  • Soft is the new Hard
    I live in a world where engineering and technical talent is valued above all others, where the Holy Grail is a “coding ninja” who can crank out oodles of elegant code at a breakneck pace. These people speak a language that is distinct and only un…
    - 14 Nov 13, 4:32am -