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Revolution in the Valley: The Insanely Great Story of How the Mac Was Made by Andy Hertzfeld
Apple II, Apple's 1984 Super Bowl advert, Bill Atkinson, Do you want to sell sugared water for the rest of your life?, General Magic , HyperCard, Ivan Sutherland, John Markoff, Mitch Kapor, Paul Graham, reality distortion field, side project, Silicon Valley, skunkworks, Steve Jobs, Steve Wozniak, The Soul of a New Machine
He was instrumental in convincing Burrell to switch from the 6809 to the 68000 microprocessor, which turned Jef’s research project into the future of Apple. A year and a half later, in December 1981, he had to leave the project to return to finish his M.D./Ph.D. degree, but he eventually returned to Apple in the summer of 1984. He left Apple to co-found NeXT with Steve Jobs in September 1985, and after a seven-year stint at Sun and year and a half at Eazel, he returned to Apple as a vice president of software technology in January 2002. Steve Wozniak Steve Wozniak co-founded Apple Computer with Steve Jobs in 1976. His brilliant design for the hardware and software of the Apple II created the foundation for Apple’s initial success.
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He’s worked at Apple continuously since 1978, co-designing many of the best Macintoshes over the years, such as the Macintosh IIci. Steve Jobs Steve Jobs co-founded Apple Computer with Steve Wozniak in 1976, when he was twenty-one years old. After being rebuffed by the Lisa team in the fall of 1980, he took over the Mac project from Jef Raskin in January 1981, and led the Macintosh team until John Sculley ousted him in May 1985. He left Apple in September 1985 to co-found NeXT, Inc, and returned to Apple in 1997 after Apple bought NeXT in December 1996. He is currently the CEO of Apple, as well as Pixar, a leading computer animation studio.
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Photo courtesy of Apple Computer, Inc. 54: Bill Gates. © Doug Wilson/CORBIS 60: Apple Lisa Computer. Photo courtesy of Apple Computer, Inc. 68–69: Design team signatures. Photo courtesy of Apple Computer, Inc. 72: Members of the Lisa team. © Roger Ressmeyer/CORBIS 79: Andy Hertzfeld sitting on his car. © D.W. Mellor 83: Crowd at US Festival. © Bettmann/CORBIS 85: Steve Wozniak playing air computer. © Roger Ressmeyer/CORBIS 99: Steve Jobs and Bill Atkinson. © Norman Seeff 104, 107: Alice packaging. Photos courtesy of Apple Computer, Inc. 128: Mike Moritz. © Matthew Naythons 150: Steve Jobs, John Sculley, and Steve Wozniak. © Bettmann/CORBIS 169: Defender® screenshot.
Steve Jobs by Walter Isaacson
"World Economic Forum" Davos, air freight, Albert Einstein, Andy Rubin, AOL-Time Warner, Apollo 13, Apple II, Apple's 1984 Super Bowl advert, big-box store, Bill Atkinson, Bob Noyce, Buckminster Fuller, Byte Shop, centre right, Clayton Christensen, cloud computing, commoditize, computer age, computer vision, corporate governance, death of newspapers, Do you want to sell sugared water for the rest of your life?, don't be evil, Douglas Engelbart, Dynabook, El Camino Real, Electric Kool-Aid Acid Test, Fairchild Semiconductor, Fillmore Auditorium, San Francisco, fixed income, game design, General Magic , Golden Gate Park, Hacker Ethic, hiring and firing, It's morning again in America, Jeff Bezos, Johannes Kepler, John Markoff, Jony Ive, Kanban, Larry Ellison, lateral thinking, Lewis Mumford, Mark Zuckerberg, Menlo Park, Mitch Kapor, Mother of all demos, Paul Terrell, Pepsi Challenge, profit maximization, publish or perish, reality distortion field, Recombinant DNA, Richard Feynman, Robert Metcalfe, Robert X Cringely, Ronald Reagan, Silicon Valley, skunkworks, Steve Ballmer, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, supply-chain management, The Home Computer Revolution, thinkpad, Tim Cook: Apple, Tony Fadell, vertical integration, Wall-E, Whole Earth Catalog
The Prototype: Interviews with Art Levinson, Ed Woolard, Millard “Mickey” Drexler, Larry Ellison, Ron Johnson, Steve Jobs, Art Levinson. Cliff Edwards, “Sorry, Steve . . . ,” Business Week, May 21, 2001. Wood, Stone, Steel, Glass: Interviews with Ron Johnson, Steve Jobs. U.S. Patent Office, D478999, Aug. 26, 2003, US2004/0006939, Jan. 15, 2004; Gary Allen, “About Me,” ifoapplestore.com. CHAPTER 30: THE DIGITAL HUB Connecting the Dots: Interviews with Lee Clow, Jony Ive, Steve Jobs. Sheff; Steve Jobs, Macworld keynote address, Jan. 9, 2001. FireWire: Interviews with Steve Jobs, Phil Schiller, Jon Rubinstein. Steve Jobs, Macworld keynote address, Jan. 9, 2001; Joshua Quittner, “Apple’s New Core,” Time, Jan. 14, 2002; Mike Evangelist, “Steve Jobs, the Genuine Article,” Writer’s Block Live, Oct. 7, 2005; Farhad Manjoo, “Invincible Apple,” Fast Company, July 1, 2010; email from Phil Schiller.
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Lev Grossman, “Apple’s New Calling,” Time, Jan. 22, 2007; Steve Jobs, speech, Macworld, Jan. 9, 2007; John Markoff, “Apple Introduces Innovative Cellphone,” New York Times, Jan. 10, 2007; John Heilemann, “Steve Jobs in a Box,” New York, June 17, 2007; Janko Roettgers, “Alan Kay: With the Tablet, Apple Will Rule the World,” GigaOM, Jan. 26, 2010. CHAPTER 37: ROUND TWO The Battles of 2008: Interviews with Steve Jobs, Kathryn Smith, Bill Campbell, Art Levinson, Al Gore, John Huey, Andy Serwer, Laurene Powell, Doug Morris, Jimmy Iovine. Peter Elkind, “The Trouble with Steve Jobs,” Fortune, Mar. 5, 2008; Joe Nocera, “Apple’s Culture of Secrecy,” New York Times, July 26, 2008; Steve Jobs, letter to the Apple community, Jan. 5 and Jan. 14, 2009; Doron Levin, “Steve Jobs Went to Switzerland in Search of Cancer Treatment,” Fortune.com, Jan. 18, 2011; Yukari Kanea and Joann Lublin, “On Apple’s Board, Fewer Independent Voices,” Wall Street Journal, Mar. 24, 2010; Micki Maynard (Micheline Maynard), Twitter post, 2:45 p.m., Jan. 18, 2011; Ryan Chittum, “The Dead Source Who Keeps on Giving,” Columbia Journalism Review, Jan. 18, 2011.
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John Abell, “Google’s ‘Don’t Be Evil’ Mantra Is ‘Bullshit,’” Wired, Jan. 30, 2010; Brad Stone and Miguel Helft, “A Battle for the Future Is Getting Personal,” New York Times, March 14, 2010. Flash, the App Store, and Control: Interviews with Steve Jobs, Bill Campbell, Tom Friedman, Art Levinson, Al Gore. Leander Kahney, “What Made Apple Freeze Out Adobe?” Wired, July 2010; Jean-Louis Gassée, “The Adobe-Apple Flame War,” Monday Note, Apr. 11, 2010; Steve Jobs, “Thoughts on Flash,” Apple.com, Apr. 29, 2010; Walt Mossberg and Kara Swisher, Steve Jobs interview, All Things Digital conference, June 1, 2010; Robert X. Cringely (pseudonym), “Steve Jobs: Savior or Tyrant?” InfoWorld, Apr. 21, 2010; Ryan Tate, “Steve Jobs Offers World ‘Freedom from Porn,’” Valleywag, May 15, 2010; JR Raphael, “I Want Porn,” esarcasm.com, Apr. 20, 2010; Jon Stewart, The Daily Show, Apr. 28, 2010.
Jony Ive: The Genius Behind Apple's Greatest Products by Leander Kahney
Apple II, banking crisis, British Empire, Chuck Templeton: OpenTable:, company town, Computer Numeric Control, Do you want to sell sugared water for the rest of your life?, Dynabook, Ford Model T, General Magic , global supply chain, interchangeable parts, John Markoff, Jony Ive, Kickstarter, Larry Ellison, PalmPilot, race to the bottom, RFID, Savings and loan crisis, side project, Silicon Valley, skeuomorphism, Steve Ballmer, Steve Jobs, Steve Wozniak, Steven Levy, the built environment, thinkpad, Tim Cook: Apple, Tony Fadell, work culture
Rachel Metz, “Behind Apple’s Products is Longtime Designer Ive,” Associated Press, http://usatoday30.usatoday.com/tech/news/story/2011-08-26/Behind-Apples-products-is-longtime-designer-Ive/50150410/1, updated 8/26/2011. 39. Isaacon, Steve Jobs, Kindle edition. 40. Interview with Jon Rubinstein, October 2012. CHAPTER 5 Jobs Returns to Apple 1. Walter Isaacson, Steve Jobs (Simon & Schuster, 2011), Kindle edition. 2. Steve Jobs at Apple’s Worldwide Developers Conference 1998, video, http://www.youtube.com/watch?v=YJGcJgpOU9w. 3. Apple 10K Annual Report 1998: http://investor.apple.com/secfiling.cfm?
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Interview with Paul Dunn, July 2013. 29. Isaacson, Steve Jobs, Kindle edition. 30. Dike Blair, “Bondi Blue,” Interview with Jonathan Ive for Purple #2, Winter 98/99, 268–75. 31. Isaacson, Steve Jobs, Kindle edition. 32. Benj Edwards, “The Forgotten eMate 300—15 Years Later,” originally in Macweek, December 21, 2012. 33. Interview with Doug Satzger, January 2013. 34. Isaacson, Steve Jobs, Kindle edition. 35. Apple brochure from 1977, noted in Walter Isaacson, Steve Jobs. 36. David Kirkpatrick, reporter associate Tyler Maroney, “The Second Coming of Apple Through a Magical Fusion of Man—Steve Jobs—and Company, Apple Is Becoming Itself Again: The Little Anticompany That Could,” Fortune, http://money.cnn.com/magazines/fortune/fortune_archive/1998/11/09/250834/, November 9, 1988. 37.
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Walter Isaacson, Steve Jobs (Simon & Schuster) Kindle Edition. 2. Ibid. 3. Ibid. 4. John Paczkowski, “Apple CEO Steve Jobs Live at D8,” http://allthingsd.com/20100601/steve-jobs-session/, June 1, 2010. 5. Scott Forstall, Apple v. Samsung trial testimony. 6. Ibid. 7. Kevin Rose, “Matt Rogers: Founder of Nest Labs interview,” Foundation 21, 2012, video, http://www.youtube.com/watch?v=HegU77X6I2A 8. “On the verge,” The Verge, April 29, 2012, video http://www.theverge.com/2012/4/30/2987892/on-the-verge-episode-005-tony-fadell-and-chris-grant. 9. Isaacson, Steve Jobs, Kindle Edition. 10.
Insanely Great: The Life and Times of Macintosh, the Computer That Changed Everything by Steven Levy
Apple II, Apple's 1984 Super Bowl advert, Bill Atkinson, computer age, Computer Lib, conceptual framework, Do you want to sell sugared water for the rest of your life?, Douglas Engelbart, Douglas Engelbart, Dynabook, General Magic , Howard Rheingold, HyperCard, information retrieval, information trail, Ivan Sutherland, John Markoff, John Perry Barlow, Kickstarter, knowledge worker, Marshall McLuhan, Mitch Kapor, Mother of all demos, Pepsi Challenge, Productivity paradox, QWERTY keyboard, reality distortion field, rolodex, Silicon Valley, skunkworks, speech recognition, Steve Jobs, Steve Wozniak, Steven Levy, Ted Nelson, The Home Computer Revolution, the medium is the message, Vannevar Bush
But Steve Jobs had an idea for something even more special-Lisa, a computer that would leapfrog Apple's technology, surpassing not only the Apple II, but Apple III as well. This jump would also vault Apple a generation or so past anything that its competitors were preparing. Begun when Steve Wozniak, at Steve Jobs's request, sketched its architecture on a napkin, Lisa had, in less than a year, evolved to a computer based on the powerful Motorola 68000 microprocessor chip, and was engineered to handle more complicated applications, even running several at the same time, a trick called "multitasking." Named after an Apple engineer's daughter (and allegedly an additional tribute to Jobs's own daughter), Lisa was also the first Apple computer specifically directed at office professionals-from white-collar workers to captains of industry.
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The most startling of these was an agreement forged in 1991 to join with another large company to produce the next generation of computers. Apple's new partner was its former blood nemesis-IBM. IBM! To those of us who recalled the rhetoric surrounding Macintosh's introduction-Steve Jobs claiming outright that "IBM is out to crush Apple" -this shift was straight out of Orwell's 1984, when the three global superpowers would shift alliances on a dime. Apple joining with IBM was like Luke Skywalker strolling off into the sunset with Darth Vader. When Apple's profits dipped in 1993, Sculley wound up leaving his post as Apple's leader. The company's board of directors now considered him too much a visionary, an excessively starry-eyed technophile, to make the hard decisions necessary to shepherd Apple through the 1990s.
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The company's board of directors now considered him too much a visionary, an excessively starry-eyed technophile, to make the hard decisions necessary to shepherd Apple through the 1990s. Sculley was permitted to retain the title of chairman, but no longer had a direct role in the company's operations-exactly the fate of Steve Jobs in 1985. The irony was inescapable: originally hired to anchor Jobs's dreamy fantasies, John Sculley apparently departed because his technological seduction had become too complete-he was running Apple too much like Steve Jobs had and, like Jobs, he was gone within months-still attempting to make a dent in the universe but no longer at Apple. (In Sculley's case this new launching pad was a relatively obscute company involved in wireless communications.)
Becoming Steve Jobs: The Evolution of a Reckless Upstart Into a Visionary Leader by Brent Schlender, Rick Tetzeli
Albert Einstein, An Inconvenient Truth, Apple II, Apple Newton, Apple's 1984 Super Bowl advert, Beos Apple "Steve Jobs" next macos , Bill Atkinson, Bill Gates: Altair 8800, Bob Noyce, Byte Shop, Charles Lindbergh, computer age, corporate governance, Do you want to sell sugared water for the rest of your life?, El Camino Real, Fairchild Semiconductor, General Magic , Isaac Newton, John Markoff, Jony Ive, Kickstarter, Larry Ellison, Marc Andreessen, market design, McMansion, Menlo Park, Paul Terrell, Pepsi Challenge, planned obsolescence, popular electronics, QWERTY keyboard, reality distortion field, Ronald Reagan, Sand Hill Road, side project, Silicon Valley, Silicon Valley startup, skunkworks, Stephen Fry, Steve Ballmer, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, stock buybacks, Tim Cook: Apple, Tony Fadell, Wall-E, Watson beat the top human players on Jeopardy!, Whole Earth Catalog
Wall Street Journal, October 13, 1988. ———. “How Steve Jobs Linked Up with IBM.” Fortune, October 9, 1989. ———. “The Future of the PC: Steve Jobs and Bill Gates Talk About Tomorrow.” Fortune, August 26, 1991. ———. “What Bill Gates Really Wants.” Fortune, January 16, 1995. ———. “Steve Jobs’ Amazing Movie Adventure.” Fortune, September 18, 1995. ———. “Something’s Rotten in Cupertino.” Fortune, March 3, 1997. ———. “The Three Faces of Steve.” Fortune, November 9, 1998. ———. “Apple’s One-Dollar-a-Year Man.” Fortune, January 24, 2000. ———. “Steve Jobs’ Apple Gets Way Cooler.” Fortune, January 24, 2000. ———. “Steve Jobs: Graying Prince of a Shrinking Kingdom.”
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Dogfight: How Apple and Google Went to War and Started a Revolution. New York: Sarah Crichton Books, 2013. Wozniak, Stephen, and Gina Smith. iWoz: Computer Geek to Cult Icon: How I Invented the Personal Computer, Co-founded Apple, and Had Fun Doing It. New York: W. W. Norton & Company, 2007. Young, Jeffrey S. Steve Jobs: The Journey Is the Reward. New York: Scott Foresman Trade, 1987. Articles by the Author Schlender, Brenton R. “Jobs, Perot Become Unlikely Partners in Apple Founder’s New Concern.” Wall Street Journal, February 2, 1987. ———. “Next Project: Apple Era Behind Him, Steve Jobs Tries Again, Using a New System.”
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The success of Toy Story had given the myth of Steve Jobs a rather nice touch-up. The question now was whether Steve’s Pixar triumph was a one-shot anomaly. For a man whose name eventually would become synonymous with great American second acts, the Steve Jobs of 1996 had had remarkably little success with his own sequels. The Apple II had been followed by the Apple III and the Lisa, both of which had been failures. The Mac became a success only in the more robust versions introduced by John Sculley. His most grandiose sequel of all, NeXT, the company he’d created to be an idealized version of Apple, had proved utterly anticlimactic.
After Steve: How Apple Became a Trillion-Dollar Company and Lost Its Soul by Tripp Mickle
"World Economic Forum" Davos, Airbnb, airport security, Apple II, Apple's 1984 Super Bowl advert, augmented reality, autonomous vehicles, banking crisis, Boeing 747, British Empire, business intelligence, Carl Icahn, Clayton Christensen, commoditize, coronavirus, corporate raider, COVID-19, desegregation, digital map, disruptive innovation, Donald Trump, Downton Abbey, driverless car, Edward Snowden, Elon Musk, Frank Gehry, General Magic , global pandemic, global supply chain, haute couture, imposter syndrome, index fund, Internet Archive, inventory management, invisible hand, John Markoff, Jony Ive, Kickstarter, Larry Ellison, lateral thinking, Mark Zuckerberg, market design, megacity, Murano, Venice glass, Ralph Waldo Emerson, self-driving car, Sheryl Sandberg, Silicon Valley, skeuomorphism, Stephen Fry, Steve Jobs, Steve Wozniak, Steven Levy, stock buybacks, Superbowl ad, supply-chain management, thinkpad, Tim Cook: Apple, Tony Fadell, Travis Kalanick, turn-by-turn navigation, Wayback Machine, WikiLeaks, Y2K
v=_p8AsQhaVKI. A decade earlier: “Steve Jobs to Kick Off Apple’s Worldwide Developers Conference 2003,” Apple, May 8, 2003, https://www.apple.com/newsroom/2003/05/08Steve-Jobs-to-Kick-Off-Apples-Worldwide-Developers-Conference-2003/; “Apple Launches the iTunes Music Store,” Apple, April 28, 2003, https://www.apple.com/newsroom/2003/04/28Apple-Launches-the-iTunes-Music-Store/; Apple Novinky, “Steve Jobs Introduces iTunes Music Store—Apple Special Event 2003,” YouTube, April 3, 2018, https://www.youtube.com/watch?v=NF9o46zK5Jo. The pop star Taylor Swift: Duboff, “Taylor Swift: Apple Crusader, #GirlSquad Captain, and the Most Influential 25-Year-Old in America”; interview with Scott Borchetta.
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New York: Random House, 2019. Isaacson, Walter. Steve Jobs. New York: Simon & Schuster, 2011. Ive, Jony, Andrew Zuckerman, and Apple Inc. Designed by Apple in California. Cupertino, CA: Apple, 2016. Kahney, Leander. Jony Ive: The Genius Behind Apple’s Greatest Products. New York: Portfolio/Penguin, 2013. ———. Tim Cook: The Genius Who Took Apple to the Next Level. New York: Portfolio/Penguin, 2019. Kane, Yukari Iwatani. Haunted Empire: Apple After Steve Jobs. New York: Harper Business, 2014. Kocienda, Ken. Creative Selection: Inside Apple’s Design Process During the Golden Age of Steve Jobs. New York: St. Martin’s Press, 2018.
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The company had sold: Daisuke Wakabayashi, “Apple’s Watch Outpaced the iPhone in First Year,” Wall Street Journal, April 24, 2016, https://www.wsj.com/articles/apple-watch-with-sizable-sales-cant-shake-its-critics-1461524901; Apple Press Release, “Apple Reports Fourth Quarter Results,” Apple (with consolidated financial statements), October 25, 2016, https://www.apple.com/newsroom/2016/10/apple-reports-fourth-quarter-results/. The second camera: Apple Press Release, “Portrait Mode Now Available on iPhone 7 Plus with iOS 10.1,” Apple, October 24, 2016, https://www.apple.com/newsroom/2016/10/portrait-mode-now-available-on-iphone-7-plus-with-ios-101/. A year before his death: “Steve Jobs in 2010, at D8,” Apple Podcasts, https://podcasts.apple.com/us/podcast/steve-jobs-in-2010-at-d8/id529997900?i=1000116189688. The comedy site CollegeHumor: CollegeHumor, “The New iPhone Is Just Worse,” YouTube, September 8, 2016, https://www.youtube.com/watch?
Valley of Genius: The Uncensored History of Silicon Valley (As Told by the Hackers, Founders, and Freaks Who Made It Boom) by Adam Fisher
adjacent possible, Airbnb, Albert Einstein, AltaVista, An Inconvenient Truth, Andy Rubin, AOL-Time Warner, Apple II, Apple Newton, Apple's 1984 Super Bowl advert, augmented reality, autonomous vehicles, Bill Atkinson, Bob Noyce, Brownian motion, Buckminster Fuller, Burning Man, Byte Shop, circular economy, cognitive dissonance, Colossal Cave Adventure, Computer Lib, disintermediation, Do you want to sell sugared water for the rest of your life?, don't be evil, Donald Trump, Douglas Engelbart, driverless car, dual-use technology, Dynabook, Elon Musk, Fairchild Semiconductor, fake it until you make it, fake news, frictionless, General Magic , glass ceiling, Hacker Conference 1984, Hacker Ethic, Henry Singleton, Howard Rheingold, HyperCard, hypertext link, index card, informal economy, information retrieval, Ivan Sutherland, Jaron Lanier, Jeff Bezos, Jeff Rulifson, John Markoff, John Perry Barlow, Jony Ive, Kevin Kelly, Kickstarter, knowledge worker, Larry Ellison, life extension, Marc Andreessen, Marc Benioff, Mark Zuckerberg, Marshall McLuhan, Maui Hawaii, Menlo Park, Metcalfe’s law, Mondo 2000, Mother of all demos, move fast and break things, Neal Stephenson, Network effects, new economy, nuclear winter, off-the-grid, PageRank, Paul Buchheit, paypal mafia, peer-to-peer, Peter Thiel, pets.com, pez dispenser, popular electronics, quantum entanglement, random walk, reality distortion field, risk tolerance, Robert Metcalfe, rolodex, Salesforce, self-driving car, side project, Silicon Valley, Silicon Valley startup, skeuomorphism, skunkworks, Skype, Snow Crash, social graph, social web, South of Market, San Francisco, Startup school, Steve Jobs, Steve Jurvetson, Steve Wozniak, Steven Levy, Stewart Brand, Susan Wojcicki, synthetic biology, Ted Nelson, telerobotics, The future is already here, The Hackers Conference, the long tail, the new new thing, Tim Cook: Apple, Tony Fadell, tulip mania, V2 rocket, We are as Gods, Whole Earth Catalog, Whole Earth Review, Y Combinator
The crucial thing about Facebook is that it’s not a service or an app—it’s a fundamental platform, on the same scale as the internet itself. Steve Jobs: I admire Mark Zuckerberg. I only know him a little bit, but I admire him for not selling out—for wanting to make a company. I admire that a lot. Purple People Eater Apple, the company that cannibalizes itself Only three years after reviving Apple on the back of the iPod, Steve Jobs decides to make it obsolete. As an Atari alumnus, Jobs knows firsthand the danger of trying to milk a hot product for all it is worth. He knows that somebody at some point will unseat Apple’s iPod monopoly with an MP3 player that can also place a phone call. Thus, Jobs concludes, Apple has to act first.
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He was the principal programmer behind Smalltalk, Kay’s pioneering object-oriented computer language, which ran on the Alto computer. When Steve Jobs visited PARC to see the Alto, Ingalls famously gave the demonstration. Later, Ingalls worked for Jobs at Apple. Steve Jarrett was a project manager for General Magic, the smartphone company that spun out of Apple in the midnineties. Later he joined Apple to help launch the original iPod. Today he’s an executive at Facebook, living in London. Steve Jobs and his friend Steve Wozniak cofounded Apple, the company most responsible for bringing the personal computer to the masses. Jobs didn’t manage to gain full control of his company until twenty years later, but after he did Apple released a string of hit products—the iMac, the iPod, the iPhone, the iPad—and it became the most valuable company in the world.
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Dan Kottke: The IPO was November of ’80, and Steve is raring to go. Because he had money to spend, right? The Apple III was launching, but Steve Jobs had already moved on. The Apple III didn’t interest him, because there were too many other people involved and he wanted to be in charge. John Couch: Steve says, “I want to run Lisa,” because it was the newest, newest product. Randy Wigginton: But they weren’t listening to him. Steve Jobs: I thought Lisa was in serious trouble. I thought Lisa was going off in this very bad direction. David Kelley: Lisa—the Apple IV—was really mixed up. Dan Kottke: Steve was trying to bully the Lisa group.
The Perfect Thing: How the iPod Shuffles Commerce, Culture, and Coolness by Steven Levy
Apple II, Bill Atkinson, British Empire, Claude Shannon: information theory, en.wikipedia.org, General Magic , Herbert Marcuse, indoor plumbing, Internet Archive, Jeff Bezos, John Markoff, Joi Ito, Jony Ive, Kevin Kelly, reality distortion field, Sand Hill Road, Saturday Night Live, Silicon Valley, social web, Steve Ballmer, Steve Jobs, Steve Wozniak, Steven Levy, technology bubble, the long tail, Thomas L Friedman, Tony Fadell
This situation was particularly complicated, since the Beatles' record company has the same name as Steve Jobs's computer company. Years ago, when Apple Computer created software to let its users play CDs, the Beatles sued, claiming that the Cupertino company had violated an earlier agreement not to venture into the music business. Apple paid $26 Download million to settle the case in 1991. But the appearance of an Apple iTunes store led the Beatles to claim that Jobs was going beyond the terms of the settlement, which didn't specify that Apple could start its own music store. "It'll get resolved, it's not a big deal," Jobs told me after the other Apple filed suit in London.
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It would take Phil Schiller five days to get back to California. Other people at Apple were stuck in Europe. But with the exception of some managers checking out suppliers in Asia, almost all the people working on the iPod were at home in the Bay Area. At Apple's headquarters in Cupertino, Steve Jobs was sending an e-mail to Apple employees: I'm sure you've heard about today's extraordinary and tragic events. If you want to stay home with your families today, please do so. For those of you who want to come to work, we will be open. Steve By the time of Apple's iPod press conference in October, the plane crashes had been followed by a wave of anthrax attacks.
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I don't recall being so negative myself: I made plans to write about this new toy, discussing with Apple when we might be able to photograph it. In no case, my PR contact said, would Apple send us one to arrive until after the Tuesday launch. They weren't even about to put one into a Federal Express box on Monday, afraid that some-Perfect 13 one might rip open the box and discover Steve Jobs's big secret. Instead, Apple would dispatch a pair of couriers from Cupertino to hand-deliver the new product to a few select tech writers. Apples spokesperson made it clear that they would deliver to no designee, only me. Maybe, I thought, I should have flown out to see this.
The One Device: The Secret History of the iPhone by Brian Merchant
Airbnb, animal electricity, Apollo Guidance Computer, Apple II, Apple's 1984 Super Bowl advert, Black Lives Matter, Charles Babbage, citizen journalism, Citizen Lab, Claude Shannon: information theory, computer vision, Computing Machinery and Intelligence, conceptual framework, cotton gin, deep learning, DeepMind, Douglas Engelbart, Dynabook, Edward Snowden, Elon Musk, Ford paid five dollars a day, Frank Gehry, gigafactory, global supply chain, Google Earth, Google Hangouts, Higgs boson, Huaqiangbei: the electronics market of Shenzhen, China, information security, Internet of things, Jacquard loom, John Gruber, John Markoff, Jony Ive, Large Hadron Collider, Lyft, M-Pesa, MITM: man-in-the-middle, more computing power than Apollo, Mother of all demos, natural language processing, new economy, New Journalism, Norbert Wiener, offshore financial centre, oil shock, pattern recognition, peak oil, pirate software, profit motive, QWERTY keyboard, reality distortion field, ride hailing / ride sharing, rolodex, Shenzhen special economic zone , Silicon Valley, Silicon Valley startup, skeuomorphism, skunkworks, Skype, Snapchat, special economic zone, speech recognition, stealth mode startup, Stephen Hawking, Steve Ballmer, Steve Jobs, Steve Wozniak, Steven Levy, TED Talk, Tim Cook: Apple, Tony Fadell, TSMC, Turing test, uber lyft, Upton Sinclair, Vannevar Bush, zero day
i–iV The first two Apple sections, i and ii, are based primarily on interviews with the team responsible for carving out the interaction paradigms that formed the foundation of the iPhone—the user interface, the multitouch software, the early hardware. I conducted interviews with Bas Ording, Imran Chaudhri, Brian Huppi, Joshua Strickon, and Greg Christie, in addition to other members of the original iPhone team on background. Further details and quotes from Jony Ive were taken from Walter Isaacson’s Steve Jobs, Leander Kahney’s Jony Ive, and Brett Schlender’s Becoming Steve Jobs. Steve Jobs “misremembered” the iPhone’s touchscreen genesis in a Q-and-A hosted by Walt Mossberg and Kara Swisher at their annual D: All Things Digital conference.
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i: Exploring New Rich Interactions iPhone in embryo Apple’s user-testing lab at 2 Infinite Loop had been abandoned for years. Down the hall from the famed Industrial Design studio, the space was divided by a one-way mirror so hidden observers could see how ordinary people navigate new technologies. But Apple didn’t do user testing, not since Steve Jobs returned as CEO in 1997. Under Jobs, Apple would show consumers what they wanted, not solicit their feedback. But that deserted lab would make an ideal hideaway for a small group of Apple’s more restless minds, who had quietly embarked on an experimental new project.
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Passionate users felt that FingerWorks’ pads were the only serious ergonomic alternative to keyboards, and now that they’d been taken away, more than a few Finger Fans blamed Apple. “People with chronic RSI injuries were suddenly left out in the cold, in 2005, by an uncaring Steve Jobs,” Dstamatis wrote. “Apple took an important medical product off the market.” No major product has emerged to serve RSI-plagued computer users, and the iPhone and iPad offer only a fraction of the novel interactivity of the original pads. Apple took FingerWorks’ gesture library and simplified it into a language that a child could understand—recall that Apple’s Brian Huppi had called FingerWorks’ gesture database an “exotic language”—which made it immensely popular.
The Code: Silicon Valley and the Remaking of America by Margaret O'Mara
A Declaration of the Independence of Cyberspace, accounting loophole / creative accounting, affirmative action, Airbnb, Alan Greenspan, AltaVista, Alvin Toffler, Amazon Web Services, An Inconvenient Truth, AOL-Time Warner, Apple II, Apple's 1984 Super Bowl advert, autonomous vehicles, back-to-the-land, barriers to entry, Ben Horowitz, Berlin Wall, Big Tech, Black Lives Matter, Bob Noyce, Buckminster Fuller, Burning Man, business climate, Byte Shop, California gold rush, Californian Ideology, carried interest, clean tech, clean water, cloud computing, cognitive dissonance, commoditize, company town, Compatible Time-Sharing System, computer age, Computer Lib, continuous integration, cuban missile crisis, Danny Hillis, DARPA: Urban Challenge, deindustrialization, different worldview, digital divide, Do you want to sell sugared water for the rest of your life?, don't be evil, Donald Trump, Doomsday Clock, Douglas Engelbart, driverless car, Dynabook, Edward Snowden, El Camino Real, Elon Musk, en.wikipedia.org, Erik Brynjolfsson, Fairchild Semiconductor, Frank Gehry, Future Shock, Gary Kildall, General Magic , George Gilder, gig economy, Googley, Hacker Ethic, Hacker News, high net worth, hockey-stick growth, Hush-A-Phone, immigration reform, income inequality, industrial research laboratory, informal economy, information retrieval, invention of movable type, invisible hand, Isaac Newton, It's morning again in America, Jeff Bezos, Joan Didion, job automation, job-hopping, John Gilmore, John Markoff, John Perry Barlow, Julian Assange, Kitchen Debate, knowledge economy, knowledge worker, Larry Ellison, Laura Poitras, Lyft, Marc Andreessen, Mark Zuckerberg, market bubble, Mary Meeker, mass immigration, means of production, mega-rich, Menlo Park, Mikhail Gorbachev, military-industrial complex, millennium bug, Mitch Kapor, Mother of all demos, move fast and break things, mutually assured destruction, Neil Armstrong, new economy, Norbert Wiener, old-boy network, Palm Treo, pattern recognition, Paul Graham, Paul Terrell, paypal mafia, Peter Thiel, pets.com, pirate software, popular electronics, pre–internet, prudent man rule, Ralph Nader, RAND corporation, Richard Florida, ride hailing / ride sharing, risk tolerance, Robert Metcalfe, ROLM, Ronald Reagan, Salesforce, Sand Hill Road, Second Machine Age, self-driving car, shareholder value, Sheryl Sandberg, side hustle, side project, Silicon Valley, Silicon Valley ideology, Silicon Valley startup, skunkworks, Snapchat, social graph, software is eating the world, Solyndra, speech recognition, Steve Ballmer, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, Strategic Defense Initiative, supercomputer in your pocket, Susan Wojcicki, tacit knowledge, tech billionaire, tech worker, technoutopianism, Ted Nelson, TED Talk, the Cathedral and the Bazaar, the market place, the new new thing, The Soul of a New Machine, There's no reason for any individual to have a computer in his home - Ken Olsen, Thomas L Friedman, Tim Cook: Apple, Timothy McVeigh, transcontinental railway, Twitter Arab Spring, Uber and Lyft, uber lyft, Unsafe at Any Speed, upwardly mobile, Vannevar Bush, War on Poverty, Wargames Reagan, WarGames: Global Thermonuclear War, We wanted flying cars, instead we got 140 characters, Whole Earth Catalog, WikiLeaks, William Shockley: the traitorous eight, work culture , Y Combinator, Y2K
Alan Maltun, “Students Beg to Stay After School to Use Computers”; David Einstein, “Bellflower Paces Area Schools in Computer Field”; Bob Williams, “Computer Parade Uneven,” The Los Angeles Times, December 11, 1983, SB1. 30. Andrew Emil Gansky, “Myths and Legends of the Anti-Corporation: A History of Apple, Inc., 1976–1997,” PhD dissertation, The University of Texas at Austin, 2017; Watters, “How Steve Jobs Brought the Apple II to the Classroom”; Harry McCracken, “The Apple Story is an Education Story: A Steve Jobs Triumph Missing from the Movie,” The 74, October 15, 2015, https://www.the74million.org/article/the-apple-story-is-an-education-story-a-steve-jobs-triumph-missing-from-the-movie/, archived at https://perma.cc/EZV6-UGLT. 31. Natasha Singer, “How Google Took Over the Classroom,” The New York Times, May 14, 2017, 1. 32. “’82 House Freshmen Eschew Partisanship and Posturing,” The Washington Post, December 26, 1982, A1; Zschau, “Tax Policy Initiatives to Promote High Technology,” May 13, 1983, Box 51, FF Capital Gains 1, Ed Zschau Papers, HH. 33.
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Horace Dediu, “The iOS Economy, Updated,” Asymco blog, January 8, 2018, http://www.asymco.com/2018/01/08/the-ios-economy-updated/, archived at https://perma.cc/W2Z5-MT6G. 11. Bruce Newman, “Steve Jobs, Apple Co-Founder,” San Jose Mercury News, October 5, 2011. 12. “Remembering Steve,” Apple.com, https://www.apple.com/stevejobs/, archived at https://perma.cc/7SES-3F5F; Maria L. LaGanga, “Steve Jobs’ death saddens Apple workers and fans,” The Los Angeles Times, October 6, 2011. 13. “Steve Jobs’ Memorial Service: 6 Highlights,” The Week, October 25, 2011. 14. “What Happened to the Future?” Founders Fund, http://foundersfund.com/the-future/, archived at https://perma.cc/82XW-VA2A. 15.
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House Democratic Caucus, Rebuilding the Road to Opportunity: Turning Point for America’s Economy (Washington: USGPO, 1982). 23. “Steve Jobs and David Burnham,” Nightline, ABC News, April 10, 1981, archived at https://perma.cc/4UER-Y3YV. 24. David Morrow, oral History interview with Steve Jobs, Palo Alto, Calif., April 20, 1995, Smithsonian Institution. 25. Quoted in Audrey Watters, “How Steve Jobs Brought the Apple II to the Classroom,” Hack Education.com, February 25, 2015, http://hackeducation.com/2015/02/25/kids-cant-wait-apple, archived at https://perma.cc/3K62-ACW5. 26. Milton B. Stewart, “Polishing the Apple,” Inc., Feb. 1, 1983, https://www.inc.com/magazine/19830201/6207.html, archived at https://perma.cc/K7UQ-4ACC. 27.
Fire in the Valley: The Birth and Death of the Personal Computer by Michael Swaine, Paul Freiberger
1960s counterculture, Amazon Web Services, Andy Rubin, Apple II, barriers to entry, Bill Atkinson, Bill Gates: Altair 8800, Byte Shop, Charles Babbage, cloud computing, commoditize, Computer Lib, computer vision, Dennis Ritchie, Do you want to sell sugared water for the rest of your life?, Douglas Engelbart, Douglas Engelbart, Dynabook, Fairchild Semiconductor, Gary Kildall, gentleman farmer, Google Chrome, I think there is a world market for maybe five computers, Internet of things, Isaac Newton, Jaron Lanier, Jeff Hawkins, job automation, John Gilmore, John Markoff, John Perry Barlow, John von Neumann, Jony Ive, Ken Thompson, Larry Ellison, Loma Prieta earthquake, Marc Andreessen, Menlo Park, Mitch Kapor, Mother of all demos, Paul Terrell, popular electronics, Richard Stallman, Robert Metcalfe, Silicon Valley, Silicon Valley billionaire, Silicon Valley startup, stealth mode startup, Steve Ballmer, Steve Jobs, Steve Wozniak, Stewart Brand, Ted Nelson, Tim Cook: Apple, urban sprawl, Watson beat the top human players on Jeopardy!, Whole Earth Catalog, world market for maybe five computers
In addition to unveiling its new computer, Apple announced the new software it intended to have ready by the time the machine shipped a few months later—a word processor, a spreadsheet program, an enhanced BASIC, and a sophisticated operating system. The marketing plan called for the Apple III to be portrayed as a serious computer that could be used in professional offices. The machine seemed likely to succeed. A few months later, continuing to ride the tide of acclaim, Apple announced its first public stock offering. The Wall Street Journal wrote, “Not since Eve has an apple posed such temptation.” * * * Figure 69. Apple goes public Mike Markkula presents Steve Jobs with a check for $92 million from his stock offering in Apple. (Courtesy of Apple Computer Inc.) When Apple was first formed, Mike Markkula dreamed of building the largest privately held company in the nation, a company fully owned by its employees.
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The number of Apple dealers had risen to 3,000. Mike Markkula took over for Scotty as president of Apple, a position he believed to be a temporary one, and at age 26 Steve Jobs became chairman of the board. Apple was now investing millions of dollars in research and development to create a product that would stun the world. It wanted to prove that it had learned the lessons of the Apple III, that Apple could indeed introduce a new product successfully. By the fall of 1981, rumors abounded in the trade journals about new products Apple was developing. The rumors were wrong, though not even Apple realized it at the time.
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Some questioned his choice of processor, but no one argued with the processor’s $20 price tag. He called his machine an Apple. * * * Figure 57. The Apple I Steve Wozniak’s original Apple I was a circuit board. (Courtesy of Apple Computer Inc.) The Apple I had only the bare essentials. It lacked a case, a keyboard, and a power supply. The hobbyist owner had to connect a transformer to it in order to get it to work. The Apple I also required laborious assembly by hand. Woz spent a lot of time helping friends implement his design. Steve Jobs saw a great financial opportunity in this skeletal machine, and urged Woz to start a company with him.
Dogfight: How Apple and Google Went to War and Started a Revolution by Fred Vogelstein
"World Economic Forum" Davos, Andy Rubin, AOL-Time Warner, Apple II, Ben Horowitz, Benchmark Capital, Big Tech, Bill Atkinson, cloud computing, commoditize, disintermediation, don't be evil, driverless car, Dynabook, Firefox, General Magic , Google Chrome, Google Glasses, Googley, Jeff Hawkins, John Markoff, Jony Ive, Larry Ellison, Marc Andreessen, Mark Zuckerberg, Mary Meeker, Neil Armstrong, Palm Treo, PalmPilot, Peter Thiel, pre–internet, Sheryl Sandberg, Silicon Valley, Silicon Valley startup, Skype, software patent, SpaceShipOne, spectrum auction, Steve Ballmer, Steve Jobs, Steve Wozniak, Steven Levy, stock buybacks, tech worker, Tim Cook: Apple, Tony Fadell, web application, zero-sum game
Because of the iPod: Apple press release, 4/9/2007. Jobs said he never saw: Kara Swisher, “Full D8 Interview Video: Apple CEO Steve Jobs,” Steve Jobs interviewed by Kara Swisher and Walt Mossberg (video), AllThingsD.com, 6/7/2010, available at www.allthingsd.com/20100607/full-d8-video-apple-ceo-steve-jobs. Apple’s three-year head start: “Apple Says App Store Has Made Developers over $1 Billion,” AppleInsider.com, 6/10/2010. 7. The iPad Changes Everything—Again Starting in 2010 Jobs had: “Apple’s Diabolical Plan to Screw Your iPhone,” iFixIt.com, 1/20/2011. “It turns out”: Beth Callaghan, “Steve Jobs’s Appearances at D, the Full Video Sessions,” AllThingsD.com, 10/5/2011.
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Jobs was personally offended: Kara Swisher, “Blast from D Past Video: Apple’s Steve Jobs at D1 in 2003,” AllThingsD.com, 5/3/2010. It’s hard to imagine: “iPhone,” Wikipedia; cross-checked with Apple financial statements. Publicly, Jobs continued his: Kara Swisher, “Blast from D Past: Apple’s Steve Jobs at D2 in 2004,” AllThingsD.com, 5/10/2010. The tension between the partners: Frank Rose, “Battle for the Soul of the MP3 Phone,” Wired, 11/2005. Jobs successfully pinned the Rokr screwup: “iPod Sales per Quarter,” Wikipedia; cross-checked with Apple financial statements; Peter Burrows, “Working with Steve Jobs,” Bloomberg Businessweek, 10/12/2011.
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But perhaps the most notable example: Jessica Lessin, “An Apple Exit over Maps,” Wall Street Journal, 10/29/2012; Liz Gannes, “Google Maps for iPhone Had 10 Million Downloads in 48 Hours,” AllThingsD.com, 12/17/2012. Apple’s Tim Cook knows all the challenges: Ina Fried, “Apple’s Tim Cook: The Full D11 Interview,” Tim Cook interviewed by Walt Mossberg and Kara Swisher (video), AllThingsD.com, 5/29/2013, available at www.allthingsd.com/20130529/apples-tim-cook-the-full-d11-interview-video. Jobs was a master: Peter Kafka, “Apple CEO Steve Jobs at D8: The Full, Uncut Interview,” Steve Jobs interviewed by Walt Mossberg and Kara Swisher (video), AllThingsD.com, 6/7/2010, available at www.allthingsd.com/20100607/steve-jobs-at-d8-the-full-uncut-interview. Acknowledgments Writing is usually a solitary act.
Creative Selection: Inside Apple's Design Process During the Golden Age of Steve Jobs by Ken Kocienda
1960s counterculture, anti-pattern, Apple Newton, Apple's 1984 Super Bowl advert, bash_history, Bill Atkinson, Charles Lindbergh, conceptual framework, Donald Knuth, en.wikipedia.org, Free Software Foundation, HyperCard, Kickstarter, Lao Tzu, lock screen, premature optimization, profit motive, proprietary trading, QWERTY keyboard, reality distortion field, Richard Feynman, Richard Stallman, Robert X Cringely, Silicon Valley, Steve Ballmer, Steve Jobs, Steven Levy, The Soul of a New Machine, Tony Fadell, work culture , zero-sum game
johnaugust.com. https://johnaugust.com/2009/what-does-execution-dependent-mean. Accessed November 16, 2017. 10. At This Point 1. Apple Newsroom, “Steve Jobs Resigns as CEO of Apple,” August 24, 2011. https://www.apple.com/newsroom/2011/08/24Steve-Jobs-Resigns-as-CEO-of-Apple/. Accessed November 16, 2017. Apple Newsroom, “Letter from Steve Jobs,” August 24, 2011. https://www.apple.com/newsroom/2011/08/24Letter-from-Steve-Jobs/. Accessed November 16, 2017. Apple Newsroom, “Apple Media Advisory,” October 5, 2011. Accessed November 16, 2017. Index The index that appeared in the print version of this title does not match the pages in your e-book.
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Patent 7,469,381, filed December 14, 2007, and issued December 23, 2008. This is the patent describing inertial scrolling. http://patft1.uspto.gov/netacgi/nph-Parser?patentnumber=7469381; Matt Brian, “The Apple Patent Steve Jobs Fought Hard to Protect, and His Connection to Its Inventor,” The Next Web, August 7, 2012. Accessed November 19, 2017. https://thenextweb.com/apple/2012/08/07/the-apple-patent-steve-jobs-fought-hard-to-protect-and-his-connection-with-its-inventor/ 3. “Crackberry,” Urban Dictionary. Accessed November 14, 2017. https://www.urbandictionary.com/define.php?term=Crackberry 4.
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While other companies design beautiful hardware, excel at marketing, hire good lawyers, and manufacture gadgets at scale, no other company makes software as intuitive, carefully crafted, or just plain fun. If there’s a unique magic in Apple’s products, it’s in the software, and I’ll tell you how we created some of the most important software in the company’s history. When I joined Apple in 2001, desktop and laptop computers were still the company’s main products, and while the colorful iMac had been a notable success in reestablishing Apple as a design leader in high technology—Steve Jobs had been back for four years following his eleven-year exile—the company still sat below 5 percent share in a market dominated by Microsoft Windows. Apple certainly had its core enthusiasts at that time, and they were passionate about its products, but to everyone else, the Mac was a computer they might have used in college but forgot about when they became adults and got jobs.
Digital Wars: Apple, Google, Microsoft and the Battle for the Internet by Charles Arthur
activist fund / activist shareholder / activist investor, AltaVista, Andy Rubin, Build a better mousetrap, Burning Man, cloud computing, commoditize, credit crunch, crowdsourcing, disintermediation, don't be evil, en.wikipedia.org, Firefox, gravity well, Jeff Bezos, John Gruber, Mark Zuckerberg, Menlo Park, Network effects, PageRank, PalmPilot, pre–internet, Robert X Cringely, Silicon Valley, Silicon Valley startup, skunkworks, Skype, slashdot, Snapchat, software patent, speech recognition, stealth mode startup, Steve Ballmer, Steve Jobs, Susan Wojcicki, the long tail, the new new thing, the scientific method, Tim Cook: Apple, Tony Fadell, turn-by-turn navigation, upwardly mobile, vertical integration
Notes Chapter One 1998 1 Ken Auletta (2009) Googled: The end of the world as we know it, Virgin Books, London. 2 http://gladwell.com/outliers 3 http://www.wired.com/wired/archive/4.02/jobs_pr.html 4 http://www.cultofmac.com/john-sculley-on-steve-jobs-the-full-interview-transcript/63295 5 Alan Deutschman (2000) The Second Coming of Steve Jobs, Broadway Books, New York. 6 http://onstartups.com/tabid/3339/bid/58082/16-Brilliant-Insights-From-Steve-Jobs-Keynote-Circa-1997.aspx 7 http://www.zdnet.com/news/jobs-apple-still-on-right-track/99946 8 http://news.cnet.com/Dell-Apple-should-close-shop/2100-1001_3-203937.html 9 http://money.cnn.com/2008/11/09/technology/cook_apple.fortune/index.htm 10 http://www.industryweek.com/articles/whats_really_driving_apples_recovery_325.aspx 11 http://www.cringely.com/2010/04/masters-tournament 12 http://www.wired.com/wired/archive/4.02/jobs_pr.html 13 http://blog.tomevslin.com/2005/02/att_lessons_fro.html 14 http://frozennorth.org/C509291565/E668712860/index.html 15 http://ilpubs.stanford.edu:8090/422/ Chapter Two Microsoft antitrust 1 Private e-mail. 2 Private e-mail.
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In 1998 Microsoft was crushing yet another upstart – Netscape, which had had the temerity to suggest that the browser could become the basis for doing work anywhere, so that Windows itself would become irrelevant; all you’d need would be a computer that could run a browser, and you’d be able to do everything for which you presently needed a PC. Steve Jobs and Apple Microsoft had reached the pinnacle by besting Apple – the company co-founded by Steve Jobs, a charming, brilliant, tempestuous, iconoclastic, unique businessman who had been thrown out of it in 1985 but returned, triumphantly, at the end of 1996 when another company he had set up, NeXT Computer, was bought by the then ailing Apple, which was bleeding cash. He forced out the incumbent chief executive in July 1997 and became ‘interim’ chief executive that September – at which point the company had made a loss of a billion dollars for the financial year.
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Among those also targeted for Microsoft’s arm-twisting via Windows to try to crush other products in different fields, the trial heard, were Intel, Sun Microsystems, Real Networks, IBM – which was denied an OEM licence for Windows 95 until a quarter of an hour before its official launch, and so missed out on huge swathes of PC sales – and Apple. In particular, Apple was offered a deal: stop developing its own systems for playing music and films on Windows, and let Microsoft handle them using its DirectX system. If it did, Microsoft would stop putting obstacles in the way of Apple’s QuickTime on Windows. Steve Jobs, who was at the meeting in June 1998, rejected the idea because it would limit the ability for third parties to develop content that would run on Windows PCs and Apple machines. (In retrospect, that decision may be one of the most significant to Apple’s later success that Jobs ever made, since it meant that Microsoft could not control how Apple-encoded music was played on Windows.)
Troublemakers: Silicon Valley's Coming of Age by Leslie Berlin
AltaVista, Apple II, Arthur D. Levinson, Asilomar, Asilomar Conference on Recombinant DNA, Bear Stearns, beat the dealer, Bill Atkinson, Bill Gates: Altair 8800, Bob Noyce, book value, Byte Shop, Charles Babbage, Clayton Christensen, cloud computing, computer age, Computer Lib, discovery of DNA, Do you want to sell sugared water for the rest of your life?, don't be evil, Donald Knuth, double helix, Douglas Engelbart, Douglas Engelbart, Dynabook, Edward Thorp, El Camino Real, Fairchild Semiconductor, fear of failure, Fellow of the Royal Society, financial independence, game design, Haight Ashbury, hiring and firing, independent contractor, industrial robot, informal economy, Internet of things, inventory management, Ivan Sutherland, John Markoff, Kickstarter, Kitchen Debate, Larry Ellison, Leonard Kleinrock, manufacturing employment, Mark Zuckerberg, Menlo Park, Minecraft, Mother of all demos, Oklahoma City bombing, packet switching, Project Xanadu, prudent man rule, Ralph Nader, Recombinant DNA, Robert Metcalfe, ROLM, rolodex, Ronald Reagan, Salesforce, Sand Hill Road, Silicon Valley, Silicon Valley startup, Snapchat, software as a service, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, Ted Nelson, Teledyne, union organizing, upwardly mobile, William Shockley: the traitorous eight, women in the workforce, work culture
Tesler could not help but contrast the situation at PARC with what he had seen of Apple. By 1980, he had an inside view. His first extended encounter with Apple came in December 1979, when he, along with Adele Goldberg (also from Alan Kay’s group in PARC’s systems science lab), gave two demonstrations of the Alto to a group from Apple that included Steve Jobs.9 Six months before the demos, in June 1979, Xerox had purchased 100,000 shares of Apple for $1.05 million in Apple’s second round of private investment.IV An investment in Apple made sense for Xerox because if the smaller company did well, Xerox could make a good deal of money, and if Apple failed, Xerox would be well positioned to acquire it.III Apple, by this time, was seen as such a potentially lucrative investment that Markkula could hand-select investors.
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Comment from stevewoz at http://www.cultofmac.com/96939/apples-first-ceo-says-young-steve-jobs-could-be-trusted-with-detail-but-not-with-a-staff/. 34. Ann Bowers, interview by author, Nov. 7, 2015. 35. “The overriding consideration was pride—Mike just wasn’t going to let anything stand in the way of making Apple a huge success and fulfilling the implied commitment to the Apple employees.” Introductory remarks given by Arthur Rock at the Harvard Business School Entrepreneurial Award Dinner Honoring Steve Jobs and Mike Markkula, San Francisco Olympic Club, Feb. 3, 1983, AR. 36. Mike Markkula, interview by author, Feb. 24, 2016. 37. Steve Jobs, quoted in “Apple Shuffling Reflects Growth,” Computer Systems News, April 13, 1981. 38.
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He calls the ethics center “the most bang for my philanthropic buck that I’ve ever gotten.”9 Markkula remained on Apple’s board until 1997, when Steve Jobs, who had left the company a dozen years earlier to launch NeXT, returned and asked him, along with every other Apple director save two, to resign. Markkula and Jobs had been somewhat estranged for years. Jobs felt betrayed by Markkula’s backing John Sculley over him in the power struggle that had pushed him out of Apple in 1985. Markkula thought that Jobs had left Apple in a way that was “unethical,” recruiting employees for NeXT while still chairing the Apple board.10 But the conversation upon Jobs’s return after Apple purchased NeXT for $429 million was long and cordial.
Build: An Unorthodox Guide to Making Things Worth Making by Tony Fadell
air gap, Amazon Web Services, Andy Rubin, augmented reality, Ben Horowitz, Big Tech, bike sharing, Bill Atkinson, carbon footprint, Cass Sunstein, cloud computing, do what you love, Elon Musk, fail fast, follow your passion, General Magic , Google Glasses, Google X / Alphabet X, Googley, hiring and firing, HyperCard, imposter syndrome, Jeff Bezos, John Markoff, Jony Ive, Kanban, Kickstarter, Mary Meeker, microplastics / micro fibres, new economy, pets.com, QR code, QWERTY keyboard, rolodex, side project, Silicon Valley, Silicon Valley startup, stem cell, Steve Jobs, Steven Levy, synthetic biology, TED Talk, TikTok, Tim Cook: Apple, Tony Fadell, Y Combinator
The following afternoon he had lunch with a colleague who worked at Apple. They mentioned they were kicking off a new project. Did he happen to know anyone with experience building handheld devices? I got a call from Apple the next day. Because you’ve picked up this book, the rest of the story is probably pretty familiar. I took a consulting gig with Apple at first, just hoping to make enough money to pay my employees or maybe leverage my job into a buyout for Fuse. Putting my hopes on Apple was a serious long shot. Steve Jobs was back at the helm then, but during the previous decade Apple had been in a death spiral, launching a slew of mediocre products that edged the company close to collapse.
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But that’s not to say that sticking to your vision will always lead to success. Not even for Steve Jobs. Most people don’t realize what the iPod was originally built for. Its purpose wasn’t just to play music—it was made to sell Macintosh computers. That’s what was in Steve Jobs’s head: We’re going to make something amazing that will only work with our Macs. People will love it so much that they’ll start buying Macs again. At the time Apple was near death. It had almost no market share—even in the United States. But the iPod would solve that problem. It would save the company. So as far as Steve Jobs was concerned, the iPod would never work with a PC.
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I should have remembered what it was like at Apple during the very first months when we started building the iPod. It just didn’t occur to me—Nest was so much bigger and more established than my tiny iPod team, I thought this was a completely different situation. But it was exactly the same. Back then Apple’s executive antibodies saw us coming to take their time and draw away their resources, so they tried to block our way and ignore our requests. That’s when Steve Jobs gave us air cover, dropped bombs on the teams who were slowing us down, forced the issue, yelled sometimes to make sure we got what we needed. Steve Jobs fighting for us was ultimately what allowed us to succeed.
The Four: How Amazon, Apple, Facebook, and Google Divided and Conquered the World by Scott Galloway
"Susan Fowler" uber, activist fund / activist shareholder / activist investor, additive manufacturing, Affordable Care Act / Obamacare, Airbnb, Amazon Robotics, Amazon Web Services, Apple II, autonomous vehicles, barriers to entry, Ben Horowitz, Bernie Sanders, Big Tech, big-box store, Bob Noyce, Brewster Kahle, business intelligence, California gold rush, Cambridge Analytica, cloud computing, Comet Ping Pong, commoditize, cuban missile crisis, David Brooks, Didi Chuxing, digital divide, disintermediation, don't be evil, Donald Trump, Elon Musk, fake news, follow your passion, fulfillment center, future of journalism, future of work, global supply chain, Google Earth, Google Glasses, Google X / Alphabet X, Hacker Conference 1984, Internet Archive, invisible hand, Jeff Bezos, Jony Ive, Khan Academy, Kiva Systems, longitudinal study, Lyft, Mark Zuckerberg, meta-analysis, Network effects, new economy, obamacare, Oculus Rift, offshore financial centre, passive income, Peter Thiel, profit motive, race to the bottom, RAND corporation, ride hailing / ride sharing, risk tolerance, Robert Mercer, Robert Shiller, Search for Extraterrestrial Intelligence, self-driving car, sentiment analysis, shareholder value, Sheryl Sandberg, Silicon Valley, Snapchat, software is eating the world, speech recognition, Stephen Hawking, Steve Ballmer, Steve Bannon, Steve Jobs, Steve Wozniak, Stewart Brand, supercomputer in your pocket, Tesla Model S, the long tail, Tim Cook: Apple, Travis Kalanick, Uber and Lyft, Uber for X, uber lyft, undersea cable, vertical integration, warehouse automation, warehouse robotics, Wayback Machine, Whole Earth Catalog, winner-take-all economy, working poor, you are the product, young professional
I believe the world would be a better place had LS&Co. registered Apple-like success, as the Haas family (who own LS&Co.) is what you hope all business owners would be: modest, committed to the community, and generous. Steve Jobs brought Drexler onto Apple’s board of directors in 1999, soon after his return to Apple—and two years later Apple launched its first brick-and-mortar store in Tyson’s Corner, Virginia.30 Apple’s stores were glitzier than Gap stores. Most experts yawned. Brick and mortar, they said, was the past. The internet was the future. As if Steve Jobs, of all people, didn’t understand that. It’s difficult to remember now, but when Apple made that move back then, most people figured the company was wrong; that Apple was a company lurching toward irrelevance; and that by opening fancy stores it was positioning itself for luxury with the equivalent of a walker.
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They are growing their income, spending it irrationally, as young people do, and have a facility with technology that makes them influential and important to business.4 They sided with Apple, as the firm embodies their own maverick, antiestablishment, progressive ideals—and conveniently ignored the fact that Steve Jobs gave nothing to charity, almost exclusively hired middle-aged white guys, and was an awful person. It didn’t matter, because Apple is cool. Even more, Apple is an innovator. And so, when the federal government decides to force Apple to change its behavior, the Apple Macolytes leap to its defense. I’m not one of them. Double Standard I’ve always tried to give the impression that I just don’t care what others think.
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That set the stage for the masterpiece—the iPhone—that had Apple fanatics all over the world camping out in front of electronics stores. And finally, the sublime iPad. The unsung hero of Apple’s success is Napster founder Shawn Fanning, who scared the music industry into the arms of Apple, and who set about partnering with them similar to the way a vampire partners with a blood bag. Could Apple have maintained this pace into the current decade had Steve Jobs survived his illness? Probably. Because for all of his less than savory traits, he accomplished one important thing: he turned Apple, after the risk-averse years under John Sculley, into a company—arguably the biggest company ever—that made taking risks its first option.
Samsung Rising: The Inside Story of the South Korean Giant That Set Out to Beat Apple and Conquer Tech by Geoffrey Cain
Andy Rubin, Apple's 1984 Super Bowl advert, Asian financial crisis, autonomous vehicles, Berlin Wall, business intelligence, cloud computing, corporate governance, creative destruction, don't be evil, Donald Trump, double helix, Dynabook, Elon Musk, Fairchild Semiconductor, fake news, fear of failure, Hacker News, independent contractor, Internet of things, John Markoff, Jony Ive, Kickstarter, Mahatma Gandhi, Mark Zuckerberg, megacity, Mikhail Gorbachev, Nelson Mandela, patent troll, Pepsi Challenge, rolodex, Russell Brand, shareholder value, Sheryl Sandberg, Silicon Valley, Silicon Valley startup, Skype, Steve Jobs, Superbowl ad, Tim Cook: Apple, Tony Fadell, too big to fail, WikiLeaks, wikimedia commons
Samsung, however, won legal victories: Charles Arthur, “Samsung Galaxy Tab ‘Does Not Copy Apple’s Designs,’ ” The Guardian, October 18, 2012, https://www.theguardian.com/technology/2012/oct/18/samsung-galaxy-tab-apple-ipad; Associated Press, “Samsung Wins Korean Battle in Apple Patent War,” August 24, 2012, https://www.cbc.ca/news/business/samsung-wins-korean-battle-in-apple-patent-war-1.1153862; Mari Saito and Maki Shiraki, “Samsung Triumphs Over Apple in Japan Patent Case,” Reuters, August 31, 2012, https://in.reuters.com/article/us-apple-samsung-japan/samsung-wins-over-apple-in-japan-patent-case-idINBRE87U05R20120831. Steve Jobs was an admirer of Sony: Leander Kahney, “Steve Jobs’ Sony Envy [Sculley Interview],” Cult of Mac, October 14, 2010, https://www.cultofmac.com/63316/steve-jobs-sony-envy-sculley-interview/.
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Steve Jobs was an admirer of Sony: Leander Kahney, “Steve Jobs’ Sony Envy [Sculley Interview],” Cult of Mac, October 14, 2010, https://www.cultofmac.com/63316/steve-jobs-sony-envy-sculley-interview/. Apple designers borrowed: Christina Bonnington, “Apple v. Samsung: 5 Surprising Reveals in Latest Court Documents,” Wired, July 27, 2012, https://www.wired.com/2012/07/apple-reveals-for-monday-trial/. “We are going to patent it all”: Fred Vogelstein, Dogfight: How Apple and Google Went to War and Started a Revolution (New York: Sarah Crichton Books, 2013), p. 172. calling their larger phones “Hummers”: Chris Ziegler, “Apple’s Steve Jobs: ‘No One’s Going to Buy’ a Big Phone,” Engadget, July 16, 2010, https://www.engadget.com/2010/07/16/jobs-no-ones-going-to-buy-a-big-phone/.
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But that didn’t deter Jobs: Alan Kay, “American Computer Pioneer Alan Kay’s Concept, the Dynabook, Was Published in 1972. How Come Steve Jobs and Apple iPad Get the Credit for Tablet Invention?” Quora, April 21, 2019, https://www.quora.com/American-computer-pioneer-Alan-Kay-s-concept-the-Dynabook-was-published-in-1972-How-come-Steve-Jobs-and-Apple-iPad-get-the-credit-for-tablet-invention/answer/Alan-Kay-11. would need to be portable: Jay Elliot, interview by the author, January 9, 2014. Jobs disembarked at the grimy: Jay Elliot, interview by the author, January 9, 2014. Samsung began supplying Apple: Frank Rose, West of Eden: The End of Innocence at Apple Computer (New York: Stuyvesant Street Press, 1989), p. 163.
Creative Intelligence: Harnessing the Power to Create, Connect, and Inspire by Bruce Nussbaum
"World Economic Forum" Davos, 3D printing, Airbnb, Albert Einstein, Berlin Wall, Black Swan, Chuck Templeton: OpenTable:, clean water, collapse of Lehman Brothers, creative destruction, Credit Default Swap, crony capitalism, crowdsourcing, Danny Hillis, declining real wages, demographic dividend, disruptive innovation, Elon Musk, en.wikipedia.org, Eugene Fama: efficient market hypothesis, fail fast, Fall of the Berlin Wall, follow your passion, game design, gamification, gentrification, housing crisis, Hyman Minsky, industrial robot, invisible hand, James Dyson, Jane Jacobs, Jeff Bezos, jimmy wales, John Gruber, John Markoff, Joseph Schumpeter, Kevin Roose, Kickstarter, Larry Ellison, lone genius, longitudinal study, manufacturing employment, Marc Andreessen, Mark Zuckerberg, Martin Wolf, Max Levchin, Minsky moment, new economy, Paul Graham, Peter Thiel, QR code, race to the bottom, reality distortion field, reshoring, Richard Florida, Ronald Reagan, shareholder value, Sheryl Sandberg, Silicon Valley, Silicon Valley ideology, Silicon Valley startup, SimCity, six sigma, Skype, SoftBank, Steve Ballmer, Steve Jobs, Steve Wozniak, supply-chain management, Tesla Model S, The Chicago School, The Design of Experiments, the High Line, The Myth of the Rational Market, thinkpad, TikTok, Tim Cook: Apple, too big to fail, tulip mania, Tyler Cowen, We are the 99%, Y Combinator, young professional, Zipcar
; http://designmuseum.org/exhibitions/ online/jonathan-ive-on-apple/ imac-1998, accessed September 5, 2012. 187 Next the team traveled: Burrows, “Who Is Jonathan Ive?”; http://designmuseum.org/exhibitions/ online/jonathan-ive-on-apple/imac-1998, accessed September 5, 2012; Janet Abrams, “Radical Craft/The Second Art Center Design Conference,” http://www.core77.com/reactor/ 04.06_artcenter.asp, accessed September 5, 2012. 187 Ive then spent yet more: Burrows, “Who Is Jonathan Ive?” 188 They also designed a beautiful: Neil Hughes, “Book Details Apple’s ‘Packaging Room,’ Steve Jobs’ Interest in Advanced Cameras,” Apple Insider, January 24, 2012, accessed September 5, 2012, http://www.appleinsider.com/ articles/12/01/24/book_details_apples_packaging_ room_interests_in_advanced_cameras_.html; Yonu Heisler, “Inside Apple’s Secret Packaging Room,” Network World, January 24, 2012, accessed September 5, 2012, http://www.networkworld.com/community/ blog/inside-apples-secret-packaging-room. 188 The iMac’s launch in 1998: http://www.youtube.com/watch?
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Instead of being a technological marvel, the Sony VCR would be a great consumer experience. It’s no accident that when he launched his company, Steve Jobs followed the Sony model of a consumer-friendly technology company. He knew that it was always tempting for technology companies to frame themselves from the engineer’s point of view, not the consumer’s. Over time, Jobs would fight his engineers constantly to keep Apple products easy to use. No one has reframed the story of personal technology quite like Steve Jobs. With every new product, he further moved the focus away from engineered functionality and toward user experience.
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Seidensticker (Stony Creek, CT: Leete’s Island Books, 1977), 16. 186 Walter Benjamin argued: Walter Benjamin, “The Work of Art in the Age of Mechanical Reproduction,” in Illuminations, Hannah Arendt, ed. (New York: Schocken, 1968). 187 When Steve Jobs returned: Walter Isaacson, Steve Jobs (New York: Simon & Schuster, 2011), 348–57. 187 Designers Jonathan Ive and Danny Coster: Peter Burrows, “Who Is Jonathan Ive? The Man Behind Apple’s Design Magic,” IN: Inside Innovation, September 2006. The “jelly bean story” was told to Peter Burrows at the Radical Craft Conference at the Art Center College of Design, Pasadena, in 2006, and reported on in IN magazine, a quarterly magazine inside BusinessWeek, which I founded that year and edited.
To Pixar and Beyond by Lawrence Levy
Apollo 13, computerized trading, index card, Larry Ellison, Loma Prieta earthquake, reality distortion field, risk tolerance, Sand Hill Road, Silicon Valley, Silicon Valley startup, spice trade, Steve Jobs, Wall-E
The last thing I expected was to speak to a celebrity. “Hi, is this Lawrence?” “Yes, it’s me.” “This is Steve Jobs,” the voice on the other end of the line said. “I saw your picture in a magazine a few years ago and thought we’d work together someday.” Even in those days, when the downfall of Steve Jobs was a favorite topic around Silicon Valley eateries, a call from him was enough to stop me in my tracks. Maybe he wasn’t as hot as he had been before his unceremonious departure from Apple ten years earlier, but our industry had never had a more charismatic figure. I couldn’t help but feel a spurt of excitement at realizing not only that he knew who I was, but that he had actually called me.
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Classification: LCC PN1998.3.L4673 A32016 (print) | LCC PN1998.3.L4673 (ebook) | DDC 791.4302/3092—dc23 LC record available at https://lccn.loc.gov/2016020541 COVER DESIGN BY BRIAN MOORE eISBN 978-0-544-73419-7 v1.1016 For Hillary, Jason, Sarah, and Jenna Prologue “Hey, Steve, you up for a walk?” I asked over the phone. It was the fall of 2005. Steve Jobs and I had asked each other that question countless times over the past ten years. But this time was different. Steve had turned fifty earlier that year and the burden of cancer and surgery was taking its toll. For a while now we had kept our talks and walks light. Steve had enough on his hands at Apple. In the past year he had introduced a new line of iPods, including the brand-new iPod shuffle and iPod nano that continued to usher in a new era of music listening.
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His last two products before being stripped of all responsibilities at Apple in 1985—the Lisa and the original Macintosh computers—had both been commercial disasters, and the NeXT Computer was regarded by many observers as the triumph of hubris over practicality. It had been heralded as a technological marvel, but it had been unable to compete with the likes of Sun Microsystems and Silicon Graphics that sold less expensive, more compatible machines. More and more, Jobs was looking like yesterday’s news. When I told friends and colleagues that I was meeting Steve Jobs about Pixar, the most common response was “Why would you want to do that?”
Little Bets: How Breakthrough Ideas Emerge From Small Discoveries by Peter Sims
Alan Greenspan, Amazon Web Services, Black Swan, Clayton Christensen, complexity theory, David Heinemeier Hansson, deliberate practice, discovery of penicillin, endowment effect, fail fast, fear of failure, Frank Gehry, Guggenheim Bilbao, Jeff Bezos, knowledge economy, lateral thinking, Lean Startup, longitudinal study, loss aversion, meta-analysis, PageRank, Richard Florida, Richard Thaler, Ruby on Rails, Salesforce, scientific management, Silicon Valley, statistical model, Steve Ballmer, Steve Jobs, Steve Wozniak, systems thinking, TED Talk, theory of mind, Toyota Production System, urban planning, Wall-E
Pixar was a computer hardware company when Steve Jobs bought it in 1986. Before purchasing Pixar, Jobs had been forced out of Apple in 1985 by his hand-picked CEO successor, John Scully, following frequent clashes. Scully wanted Jobs to focus exclusively on products, while Jobs wanted to take Apple back over from Scully. After Scully caught wind of an attempted coup by Jobs when Scully was on a trip to Asia, he stripped Jobs of his responsibilities. Jobs then left Apple, bought Pixar, and started another computer company, called Next Computer. Both Pixar and Next struggled, and the open question was whether Steve Jobs was just another one-hit wonder.
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by Bronwyn Fryer, Harvard Business Review blog, September 28, 2009, which can be found at: http://blogs.hbr.org/hbr/hbreditors/2009/09/how_do_innovators_think.html. Jeff Bezos quote from: “Institutional Yes: The HBR Interview with Jeff Bezos,” by Julia Kirby and Thomas Stewart, Harvard Business Review, October 2007. Apple and Steve Jobs: Inside Steve’s Brain, by Leander Kahney, Portfolio (2008), 190–197. “Steve Jobs: The Next Insanely Great Thing,” by Gary Wolf, Wired, March 2002. Steve Jobs calligraphy example taken from his 2005 Stanford Commencement speech. James Chanos reference: Interview with Chanos. Jerry Seinfeld: Drawn from The Comedian (DVD), Directed by Christian Charles, with Jerry Seinfeld (2002).
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CHAPTER 3 Failing Quickly to Learn Fast Being rigorous about spotting flaws and continuing to push toward excellence is essential to creative achievement. After all, Chris Rock, the Pixar filmmakers, Frank Gehry, Steve Jobs, and Colonel Casey Haskins are all perfectionists and yet they accept, even welcome, failure as they develop new ideas and strategies. Rock won’t appear on national television without perfecting his act, while Gehry was for years frustrated by the imperfections he noticed while watching performances at Disney Hall (he’s past that now). Steve Jobs will famously refuse to release a new Apple product, or product enclosure even, until it’s as close to perfect as possible. Yet none of them allow perfectionism to paralyze their creative processes, at least not for long.
Trillion Dollar Coach: The Leadership Playbook of Silicon Valley's Bill Campbell by Eric Schmidt, Jonathan Rosenberg, Alan Eagle
Apple's 1984 Super Bowl advert, augmented reality, Ben Horowitz, cloud computing, El Camino Real, Erik Brynjolfsson, fear of failure, Jeff Bezos, longitudinal study, Marc Andreessen, Marc Benioff, Mark Zuckerberg, Mary Meeker, Menlo Park, meta-analysis, PalmPilot, Sand Hill Road, shareholder value, Sheryl Sandberg, Silicon Valley, speech recognition, Steve Ballmer, Steve Jobs, Susan Wojcicki, Tim Cook: Apple
Going out to the wild, woolly west, where it was more a meritocracy, I would have a chance to move quickly and sit on the management team.”8 Move quickly, indeed. Within nine months of joining Apple, Bill was promoted to VP of sales and marketing and given the task of overseeing the launch of the highly anticipated Macintosh, Apple’s new computer that would replace the Apple II as the company’s flagship product. To kick off the launch, the company made a big move: it bought a slot to run a commercial during the Super Bowl, which would be played in Tampa, Florida, on January 22, 1984. Once the ad was produced, Bill and the team showed it to Apple cofounder Steve Jobs. An allusion to George Orwell’s novel 1984, it showed a young woman running through a dark hallway, fleeing guards, and emerging into a chamber where hundreds of gray-clad, head-shaven men are listening, zombie-like, to a droning “big brother” figure on a large screen before them.
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.* Although he did not know it at the time, he was about to enter the third chapter of his career, a return to coaching full-time, but not on a football field. When Steve Jobs was forced out of Apple in 1985, Bill Campbell was one of the few leaders at the company who fought against the move. Dave Kinser, an Apple colleague of Bill’s at the time, recalls Bill saying that “we’ve got to keep Steve in the company. He’s way too talented to just let him leave!” Steve remembered that loyalty. When he returned to Apple and became its CEO in 1997, and most of the board members stepped down, Steve named Bill as one of the new directors.* (Bill served on the Apple board until 2014.) Steve and Bill became close friends, speaking frequently and spending many Sunday afternoons walking around their Palo Alto neighborhood discussing all sorts of topics.
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He was a football coach turned sales guy. Yet somehow, Bill had become so influential that he went on a weekly Sunday walk with Steve Jobs, and the Google founders said they wouldn’t have made it without him. Bill’s name sounded familiar, but I couldn’t place it. Eventually it hit me: I recognized him from a case I had taught a few times on a management dilemma at Apple in the mid-1980s, when a brave, bright young manager named Donna Dubinsky challenged a distribution plan from Steve Jobs himself. Bill Campbell was Donna’s boss’s boss, and he dished out exactly the kind of tough love you’d expect from a football coach: he tore her proposal apart, pushed her to come up with something stronger, and then stood up for her.
How PowerPoint Makes You Stupid by Franck Frommer
Abraham Maslow, Albert Einstein, An Inconvenient Truth, business continuity plan, cuban missile crisis, dematerialisation, disinformation, hypertext link, invention of writing, inventory management, invisible hand, Just-in-time delivery, knowledge worker, Larry Ellison, Marshall McLuhan, means of production, new economy, oil shock, Ronald Reagan, Silicon Valley, Steve Jobs, Steve Wozniak, union organizing
Aside from the usual tricks of a good PowerPoint presentation—simple slides, well organized argument, speaker involvement, moments of feeling, and so on—he points to some unusual innovations that make Steve Jobs a great stage director: constant invention of an enemy against which Apple must always fight,24 an extraordinary feeling for slogans, the ability to make sense out of numbers by magnifying them, and a constant search for analogies or comparisons to make them as eloquent as possible. And finally, Steve Jobs has the ability to create memorable moments, discreetly accentuated by technological wizardry, that the audience will long remember. With Steve Jobs, we touch on the quintessence of oral presentation. The performance becomes its own subject, the medium mediates itself and is no longer there simply to communicate messages and persuade an audience.
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The “Mac family” waits like impatient fans for Steve Notes, the boss’s presentation.16 Over the years, these annual meetings have become highly codified ceremonies, the staging of which Steve Jobs has brought to a high polish. Helped by increasingly inventive technology, the entertainer of the early days turned into a guru able to convert millions of the faithful into purchasers of his latest technological gadgets. Boston, January 1997, Macworld Conference Expo: it is a historic moment. As the mythical brand is running out of steam—not only are the numbers down, but the notoriety and the originality of Apple are under severe strain—Steve Jobs, then president of Pixar,17 returns after ten years away. He is greeted like a messiah by the Apple community, which sees his return as a sign of renewal.
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The presentation follows a well-tried plan: brief slide on earnings—better to be quick; they’re bad—then Steve Jobs, armed with his remote, the essential tool of Steve Notes, briefly recounts his time at Pixar, then follows with three quotations that appear on the screen. “Apple has become irrelevant.” “Apple can’t execute anything.”18 “Apple’s culture is anarchy; you can’t manage it.” Jobs’s entire presentation is based on these three negative judgments. The procedure is clever; it enables him to build, practically in real time, Apple’s new strategy on the basis of criticisms made of it and to bring out the value of the innovative products and services intended to contradict these received ideas.
The Innovators: How a Group of Inventors, Hackers, Geniuses and Geeks Created the Digital Revolution by Walter Isaacson
1960s counterculture, Ada Lovelace, AI winter, Alan Turing: On Computable Numbers, with an Application to the Entscheidungsproblem, Albert Einstein, AltaVista, Alvin Toffler, Apollo Guidance Computer, Apple II, augmented reality, back-to-the-land, beat the dealer, Bill Atkinson, Bill Gates: Altair 8800, bitcoin, Bletchley Park, Bob Noyce, Buckminster Fuller, Byte Shop, c2.com, call centre, Charles Babbage, citizen journalism, Claude Shannon: information theory, Clayton Christensen, commoditize, commons-based peer production, computer age, Computing Machinery and Intelligence, content marketing, crowdsourcing, cryptocurrency, Debian, desegregation, Donald Davies, Douglas Engelbart, Douglas Engelbart, Douglas Hofstadter, driverless car, Dynabook, El Camino Real, Electric Kool-Aid Acid Test, en.wikipedia.org, eternal september, Evgeny Morozov, Fairchild Semiconductor, financial engineering, Firefox, Free Software Foundation, Gary Kildall, Google Glasses, Grace Hopper, Gödel, Escher, Bach, Hacker Ethic, Haight Ashbury, Hans Moravec, Howard Rheingold, Hush-A-Phone, HyperCard, hypertext link, index card, Internet Archive, Ivan Sutherland, Jacquard loom, Jaron Lanier, Jeff Bezos, jimmy wales, John Markoff, John von Neumann, Joseph-Marie Jacquard, Leonard Kleinrock, Lewis Mumford, linear model of innovation, Marc Andreessen, Mark Zuckerberg, Marshall McLuhan, Menlo Park, Mitch Kapor, Mother of all demos, Neil Armstrong, new economy, New Journalism, Norbert Wiener, Norman Macrae, packet switching, PageRank, Paul Terrell, pirate software, popular electronics, pre–internet, Project Xanadu, punch-card reader, RAND corporation, Ray Kurzweil, reality distortion field, RFC: Request For Comment, Richard Feynman, Richard Stallman, Robert Metcalfe, Rubik’s Cube, Sand Hill Road, Saturday Night Live, self-driving car, Silicon Valley, Silicon Valley startup, Skype, slashdot, speech recognition, Steve Ballmer, Steve Crocker, Steve Jobs, Steve Wozniak, Steven Levy, Steven Pinker, Stewart Brand, Susan Wojcicki, technological singularity, technoutopianism, Ted Nelson, Teledyne, the Cathedral and the Bazaar, The Coming Technological Singularity, The Nature of the Firm, The Wisdom of Crowds, Turing complete, Turing machine, Turing test, value engineering, Vannevar Bush, Vernor Vinge, Von Neumann architecture, Watson beat the top human players on Jeopardy!, Whole Earth Catalog, Whole Earth Review, wikimedia commons, William Shockley: the traitorous eight, Yochai Benkler
Hardware hackers such as Wozniak ceded primacy to software coders such as Gates. With the Apple II and then, more notably, the Macintosh in 1984, Apple pioneered the practice of creating machines that users were not supposed to open and fiddle with their innards. The Apple II also established a doctrine that would become a religious creed for Steve Jobs: his company’s hardware was tightly integrated with its operating system software. He was a perfectionist who liked to control the user experience end to end. He didn’t want to let you buy an Apple machine and run someone else’s clunky operating system on it, nor buy Apple’s operating system and put it on someone else’s junky hardware.
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But growth began to taper off, largely because Commodore’s computer sales were slumping in the face of new competition from Apple and others. “We have to take control of our destiny,” Kimsey told Case.29 It was clear that for Quantum to succeed, it had to create its Link online services for other computer makers, most notably Apple. With the tenacity that came with his patient personality, Case targeted the executives at Apple. Even after its brilliantly controlling cofounder Steve Jobs had been forced out of the company, at least for the time being, Apple was difficult to partner with. So Case moved across the country to Cupertino and took an apartment near Apple’s headquarters. From there he waged his siege.
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Isaacson, Steve Jobs, 135. 108. Isaacson, Steve Jobs, 94. 109. Author’s interview with Steve Jobs. 110. Steve Jobs presentation, Jan. 1984, https://www.youtube.com/watch?v=2B-XwPjn9YY. 111. Isaacson, Steve Jobs, 173. 112. Author’s interview with Andy Hertzfeld. 113. Author’s interviews with Steve Jobs and Bill Gates. 114. Andy Hertzfeld, Revolution in the Valley (O’Reilly Media, 2005), 191. See also Andy Hertzfeld, http://www.folklore.org/StoryView.py?story=A_Rich_Neighbor_Named_Xerox.txt. 115. Author’s interviews with Steve Jobs and Bill Gates. 116. Author’s interview with Steve Jobs. 117.
How to Turn Down a Billion Dollars: The Snapchat Story by Billy Gallagher
Airbnb, Albert Einstein, Amazon Web Services, AOL-Time Warner, Apple's 1984 Super Bowl advert, augmented reality, Bernie Sanders, Big Tech, Black Swan, citizen journalism, Clayton Christensen, computer vision, data science, disruptive innovation, Donald Trump, El Camino Real, Elon Musk, fail fast, Fairchild Semiconductor, Frank Gehry, gamification, gentrification, Google Glasses, Hyperloop, information asymmetry, Jeff Bezos, Justin.tv, Kevin Roose, Lean Startup, Long Term Capital Management, Mark Zuckerberg, Menlo Park, minimum viable product, Nelson Mandela, Oculus Rift, paypal mafia, Peter Thiel, power law, QR code, Robinhood: mobile stock trading app, Salesforce, Sand Hill Road, Saturday Night Live, Sheryl Sandberg, side project, Silicon Valley, Silicon Valley startup, skeuomorphism, Snapchat, social graph, SoftBank, sorting algorithm, speech recognition, stealth mode startup, Steve Jobs, TechCrunch disrupt, too big to fail, value engineering, Y Combinator, young professional
Snapchat investors and advisors, afraid of irritating Evan, have often been unwilling to speak publicly about even basic things like how the company differentiates itself and what its mission is. Evan is hardly the first tech founder to be secretive. Some of the industry’s most revered leaders like Steve Jobs and Jeff Bezos are known for their intense corporate secrecy. As much as Evan has had a rivalry with Mark Zuckerberg, he has also been empowered by Zuckerberg, who blazed the trail for him. Steve Jobs was not the CEO of Apple until his second stint with the company; Google’s investors demanded they bring in Eric Schmidt as a more professional CEO than cofounders Larry Page and Sergey Brin. But Zuckerberg’s overwhelming success and maturation from immature genius into visionary CEO caused a shift in Silicon Valley to strongly favor founders as CEOs.
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Michael. Return to the Little Kingdom: How Apple and Steve Jobs Changed the World. New York: Overlook Press, 2009. Reis, Eric. The Lean Startup: How Today’s Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses. New York: Crown Business, 2011. Roose, Kevin. Young Money: Inside the Hidden World of Wall Street’s Post-Crash Recruits. New York: Grand Central Publishing, 2014. Rose, Todd. The End of Average: How We Succeed in a World That Values Sameness. New York: HarperOne, 2016. Schlender, Brent, and Rick Tetzeli. Becoming Steve Jobs. New York: Crown Business, 2015. Sorkin, Andrew Ross.
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By the time Reggie had his epiphany, the tech world was embracing front-facing cameras. On October 14, 2011, Apple released the iPhone 4S, its second phone with a front-facing camera (making the iPhone 4, also with a front-facing camera, more affordable). Apple’s front-facing cameras were mostly for its video chat feature, FaceTime, but were starting to be used for photographs as well. Technology and art were converging as the iPhone created amateur photographers of everyone. Evan wanted to build Snapchat as an art and technology company, modeled after two of his heroes, Edwin Land and Steve Jobs. Jobs had also considered Land a personal hero and someone he modeled his career after.
The Entrepreneurial State: Debunking Public vs. Private Sector Myths by Mariana Mazzucato
Apple II, banking crisis, barriers to entry, Bretton Woods, business cycle, California gold rush, call centre, carbon footprint, carbon tax, Carmen Reinhart, circular economy, clean tech, computer age, creative destruction, credit crunch, David Ricardo: comparative advantage, demand response, deskilling, dual-use technology, endogenous growth, energy security, energy transition, eurozone crisis, everywhere but in the productivity statistics, Fairchild Semiconductor, Financial Instability Hypothesis, full employment, G4S, general purpose technology, green transition, Growth in a Time of Debt, Hyman Minsky, incomplete markets, information retrieval, intangible asset, invisible hand, Joseph Schumpeter, Kenneth Rogoff, Kickstarter, knowledge economy, knowledge worker, linear model of innovation, natural language processing, new economy, offshore financial centre, Philip Mirowski, popular electronics, Post-Keynesian economics, profit maximization, Ralph Nader, renewable energy credits, rent-seeking, ride hailing / ride sharing, risk tolerance, Robert Solow, shareholder value, Silicon Valley, Silicon Valley ideology, smart grid, Solyndra, Steve Jobs, Steve Wozniak, The Wealth of Nations by Adam Smith, Tim Cook: Apple, Tony Fadell, too big to fail, total factor productivity, trickle-down economics, vertical integration, Washington Consensus, William Shockley: the traitorous eight
Only about a decade ago Apple was best known for its innovative personal computer design and production. Established on 1 April 1976 in Cupertino, California by Steve Jobs, Steve Wozniak and Ronald Wayne, Apple was incorporated in 1977 by Jobs and Wozniak to sell the Apple I personal computer.1 The company was originally named Apple Computer, Inc. and for 30 years focused on the production of personal computers. On 9 January 2007, the company announced it was removing the ‘Computer’ from its name, reflecting its shift in focus from personal computers to consumer electronics. This same year, Apple launched the iPhone and iPod Touch featuring its new mobile operating system, iOS, which is now used in other Apple products such as the iPad and Apple TV.
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From capacitive sensing to click-wheels As the pioneer of personal computers, Steve Jobs was on his second mission for re-revolutionizing them. His vision for Apple was to prepare the company for the post-computer era, in what he envisioned and often acknowledged in his interviews and media appearances as the new era of the consumer–computer relationship. During an interview at the 2010 D8 conference, Steve Jobs explained his vision of the future for computing by using the analogy of rapid urbanization and its effects on changing consumer views and the need for transportation (Jobs 2010). During his talk, Jobs redefined Apple’s overall strategy as building a family of products around the concept of fragmented computing needs by different uses.
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Besides the communication technologies (discussed in Chapter 4), the iPhone is smart because of features such as the Internet, GPS, a touch-screen display, and the latest new voice activated personal assistant (SIRI). While Steve Jobs was no doubt an inspiring genius worthy of praise, the fact that the iPhone/iPad empire was built on these State-funded technologies provides a far more accurate tale of technological and economic change than what is offered by mainstream discussions. Given the critical role of the State in enabling companies like Apple, it is especially curious that the debate surrounding Apple’s tax avoidance has failed to make this fact more broadly known. Apple must pay tax not only because it is the right thing to do, but because it is the epitome of a company that requires the public purse to be large and risk-loving enough to continue making the investments that entrepreneurs like Jobs will later capitalize on (Mazzucato 2013b).
Dealers of Lightning by Michael A. Hiltzik
Apple II, Apple's 1984 Super Bowl advert, beat the dealer, Bill Atkinson, Bill Duvall, Bill Gates: Altair 8800, Boeing 747, business cycle, Charles Babbage, computer age, creative destruction, Douglas Engelbart, Dynabook, Edward Thorp, El Camino Real, Fairchild Semiconductor, financial engineering, index card, Ivan Sutherland, Jeff Rulifson, John Markoff, Joseph Schumpeter, L Peter Deutsch, luminiferous ether, Marshall McLuhan, Menlo Park, military-industrial complex, Multics, oil shock, popular electronics, reality distortion field, Robert Metcalfe, Ronald Reagan, Silicon Valley, speech recognition, Steve Ballmer, Steve Crocker, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, the medium is the message, The Soul of a New Machine, Vannevar Bush, Whole Earth Catalog, zero-sum game
The computer was almost surely an Alto and the principal demonstrators were Goldberg, Tesler, Dan Ingalls, and Diana Merry. Steve Jobs was initially skeptical of what PARC might have to offer but allowed his engineers to convince him otherwise. As for Jobs’s acuity, he later admitted that he was shown three mind-bending innovations at PARC, but the first one was so dazzling it blinded him to the significance of the second and third. Perhaps most important, the Steve Jobs demo was not a random event or a stroke of luck for Apple, as it has sometimes been portrayed. Apple’s engineers knew what they were after. They had taken great pains to plan for the moment, and they arrived at PARC fully prepared to ask the right questions and interpret the answers.
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That sign appeared one day in 1979, when a Silicon Valley legend in the making walked through PARC’s front door. CHAPTER 23 Steve Jobs Gets His Show and Tell Thus we come to Steven P. Jobs. The Apple Computer cofounder’s visit to PARC, from which he reputedly spirited off the ideas that later made the Apple Macintosh famous, is one of the foundation legends of personal computing, as replete with drama and consequence as the story of David and Goliath or the fable of the mouse and the lion with an injured paw. It holds enough material to serve the mythmaking of not one corporation but two, Xerox and Apple. If one seeks proof of its importance, one need look no further than the fact that to this date no two people involved in the episode recollect it quite the same way.
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Because I was the only one there all the time!” Some inconsistencies are the product of Apple’s mythmaking rather than PARC’s. The idea that Steve Jobs and his troops saw in PARC a priceless, squandered gem aims to say as much about Jobs’s peerless perspicacity as Xerox’s obtuseness. The author who wrote, “You can have your Lufthansa Heist, your Great Train Robbery…the slickest trick of all was Apple’s daylight raid on the Xerox Palo Alto Research Center” perhaps desired more to promote a heroic vision of Apple than to get at what really happened. Yet it is possible to resolve all these accounts and reconstruct a story that has never before been told in its entirety.
The Self-Made Billionaire Effect: How Extreme Producers Create Massive Value by John Sviokla, Mitch Cohen
Bear Stearns, Blue Ocean Strategy, business cycle, Cass Sunstein, Colonization of Mars, corporate raider, Daniel Kahneman / Amos Tversky, driverless car, eat what you kill, Elon Musk, Frederick Winslow Taylor, game design, global supply chain, James Dyson, Jeff Bezos, John Harrison: Longitude, Jony Ive, loss aversion, Mark Zuckerberg, market design, megaproject, old-boy network, paper trading, RAND corporation, randomized controlled trial, Richard Thaler, risk tolerance, scientific management, self-driving car, Sheryl Sandberg, Silicon Valley, smart meter, Steve Ballmer, Steve Jobs, Steve Wozniak, tech billionaire, Tony Hsieh, Toyota Production System, Virgin Galactic, young professional
He has since founded Vatera Healthcare Partners, a health venture capital firm, and Arisaph Pharmaceuticals, a biotech discovery firm. Steve Jobs 1955–2011, United States Apple Computer, Pixar Jobs was a game designer at Atari when he, Steve Wozniak, and Ronald Wayne launched Apple Computer in 1976 to market a personal computer Wozniak had invented. The first Apple PCs proved a huge success, but later products floundered. Infighting led to Jobs’s 1985 ouster. He founded NeXT Computer and bought the Pixar animation studio from George Lucas. Pixar’s 1995 IPO made Jobs a billionaire. Two years later, Apple bought NeXT and reinstated Jobs as CEO, ushering in an era of tremendous innovation and growth driven by the iPod, iPhone, and iPad.
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Compare Boone Pickens’s resiliency to the hesitancy that affected Ron Wayne, an original partner in Apple Computer. Wayne had started a slot machine business that failed, swallowing $50,000 of savings. After that failure he went to work at Atari, where he met Steve Jobs. When Jobs later asked Wayne to join Apple Computer as a third partner to balance and adjudicate between Jobs and the engineering wunderkind Steve Wozniak, Wayne was initially enthusiastic. But then it became clear that they were going to structure the nascent Apple Computer as a partnership. Wayne, who was significantly older than his partners, was worried about the personal liability he would incur if all the borrowing and spending Jobs was doing to manufacture the Apple I at volume did not pan out.
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Such acumen explains how Dietrich Mateschitz was able, as an unknown businessman, to persuade the young Formula 1 driver Gerhard Berger to walk around with a bottle of Red Bull in his hand without having an official endorsement contract. It explains how Steve Jobs—the same man who had been ousted ten years earlier—was able to persuade the leaders of Apple not only to buy NeXT, a company with little in the way of unique technology, but also to reinstate him as Apple’s CEO. And it offers some insight into the history of the Time Warner Center, the jewel in the crown of Stephen Ross’s Related Companies portfolio.14 Redevelopment projects require a strong, name-brand tenant to anchor the deal.
Loonshots: How to Nurture the Crazy Ideas That Win Wars, Cure Diseases, and Transform Industries by Safi Bahcall
accounting loophole / creative accounting, Alan Greenspan, Albert Einstein, AOL-Time Warner, Apollo 11, Apollo 13, Apple II, Apple's 1984 Super Bowl advert, Astronomia nova, behavioural economics, Boeing 747, British Empire, Cass Sunstein, Charles Lindbergh, Clayton Christensen, cognitive bias, creative destruction, disruptive innovation, diversified portfolio, double helix, Douglas Engelbart, Douglas Engelbart, Dunbar number, Edmond Halley, Gary Taubes, Higgs boson, hypertext link, industrial research laboratory, invisible hand, Isaac Newton, Ivan Sutherland, Johannes Kepler, Jony Ive, knowledge economy, lone genius, Louis Pasteur, Mark Zuckerberg, Menlo Park, Mother of all demos, Murray Gell-Mann, PageRank, Peter Thiel, Philip Mirowski, Pierre-Simon Laplace, power law, prediction markets, pre–internet, Ralph Waldo Emerson, RAND corporation, random walk, reality distortion field, Richard Feynman, Richard Thaler, Sheryl Sandberg, side project, Silicon Valley, six sigma, stem cell, Steve Jobs, Steve Wozniak, synthetic biology, the scientific method, The Wealth of Nations by Adam Smith, The Wisdom of Crowds, Tim Cook: Apple, tulip mania, Wall-E, wikimedia commons, yield management
The less-famous history of an ultra-famous icon captures one person’s evolution toward this balance. During Steve Jobs’s first stint at Apple, he called his loonshot group working on the Mac “pirates” or “artists” (he saw himself, of course, as the ultimate pirate-artist). Jobs dismissed the group working on the Apple II franchise as “regular Navy.” The hostility he created between the two groups, by lionizing the artists and belittling the soldiers, was so great that the street between their two buildings was known as the DMZ—the demilitarized zone. The hostility undermined both products. Steve Wozniak, Apple’s cofounder along with Jobs, who was working on the Apple II franchise, left, along with other critical employees; the Mac launch failed commercially; Apple faced severe financial pressure; Jobs was exiled; and John Sculley took over (eventually rescuing the Mac and restoring financial stability).
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A Forbes article stated, “There are very few miracle workers in the business world, and it is now clear that Steve Jobs is not one of them.” WHEN MOSES DOUBLES DOWN The facts of Jobs’s forced exit from Apple in 1985, and his path to the mess at NeXT, have been well laid out. In 1975, Steve Wozniak combined a microprocessor, keyboard, and screen into one of the earliest personal computers. Jobs convinced Wozniak to quit his job and start a company. After some initial success with their Apple I and II, however, competitors quickly passed Apple by. In 1980, Atari and Radio Shack (TRS-80) sold roughly seven times as many computers as Apple. By 1983, Commodore dominated the market, with the IBM PC, launched only two years earlier, a close second.
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The company translated that scientific and manufacturing expertise into products generating over $10 billion in annual sales. It did so, in large part, by balancing loonshots and franchises extraordinarily well. In April 2000, three years after Steve Jobs returned to Apple, he invited Art Levinson to join his new board of directors. After Jobs passed away in 2011, Levinson replaced him as chairman of Apple. RESCUE OPERATIONS The well-told story of Jobs’s return to Apple and its subsequent rise to the most valuable company in the world is a remarkable example of nurturing loonshots, in a race against time, to rescue a franchise in crisis. But it should be, by now, a familiar example.
Creativity, Inc.: Overcoming the Unseen Forces That Stand in the Way of True Inspiration by Ed Catmull, Amy Wallace
Albert Einstein, business climate, buy low sell high, complexity theory, fail fast, fear of failure, Golden Gate Park, iterative process, Ivan Sutherland, Johannes Kepler, Menlo Park, reality distortion field, rolodex, Rubik’s Cube, Sand Hill Road, Silicon Valley, Silicon Valley startup, Steve Jobs, Wall-E
We’d known from the outset that entering into a relationship with GM and Philips would likely put an end to our dream of making the first animated feature film, but that was a risk no matter who we joined up with: Each investor was going to have its own agenda, and that was the price of our survival. To this day, I am thankful that the deal went south. Because it paved the way for Steve Jobs. I first met Steve in February of 1985, when he was the director of Apple Computer, Inc. Our meeting had been arranged by Apple’s chief scientist, Alan Kay, who knew that Alvy and I were looking for investors to take our graphics division off George’s hands. Alan had been at the U of U with me and at Xerox PARC with Alvy, and he told Steve that he should visit us if he wanted to see the cutting edge in computer graphics.
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A few years ago, when Toyota stumbled—initially failing to acknowledge serious problems with their braking systems, which led to a rare public embarrassment—I remember being struck that a company as smart as Toyota could act in a way that ran so counter to one of its deepest cultural values. Whatever these forces are that make people do dumb things, they are powerful, they are often invisible, and they lurk even in the best of environments. In the late 1980s, while we were building Pixar, Steve Jobs was spending most of his time trying to establish NeXT, the personal computer company he’d started after being forced out at Apple. He came to the Pixar offices only once a year—so rarely, in fact, that we had to give him directions each time so that he wouldn’t get lost. But I was a regular visitor to NeXT. Every few weeks, I’d head down to Steve’s office in Redwood City to brief him on our progress.
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Perhaps they thought that if they asked that question they would come up with something original, that they would remain true to Walt’s pioneering spirit. In fact, this kind of thinking only accomplished the opposite. Because it looked backward, not forward, it tethered the place to the status quo. A pervasive fear of change took root. Steve Jobs was quite aware of this story and used to repeat it to people at Apple, adding that he never wanted people to ask, “What would Steve do?” No one—not Walt, not Steve, not the people of Pixar—ever achieved creative success by simply clinging to what used to work. When I look back on Pixar’s history, I have to recognize that so many of the good things that happened could easily have gone a different way.
Start With Why: How Great Leaders Inspire Everyone to Take Action by Simon Sinek
Apple II, Apple's 1984 Super Bowl advert, Black Swan, business cycle, commoditize, Do you want to sell sugared water for the rest of your life?, hiring and firing, John Markoff, low cost airline, Neil Armstrong, Nick Leeson, Pepsi Challenge, RAND corporation, risk tolerance, Ronald Reagan, shareholder value, Steve Ballmer, Steve Jobs, Steve Wozniak, The Wisdom of Crowds, trade route
“I want to put a ding in the universe,” as Steve Jobs put it. And that’s exactly what Apple does in the industries in which it competes. Apple is born out of its founders’ WHY. There is no difference between one or the other. Apple is just one of the WHATs to Jobs’s and Woz’s WHY. The personalities of Jobs and Apple are exactly the same. In fact, the personalities of all those who are viscerally drawn to Apple are similar. There is no difference between an Apple customer and an Apple employee. One believes in Apple’s WHY and chooses to work for the company, and the other believes in Apple’s WHY and chooses to buy its products.
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In 2003 and 2004, Apple ran a promotion for iTunes with Pepsi—the cola branded as “the choice of the next generation.” It made sense that Apple would do a deal with Pepsi, the primary challenger to Coca-Cola, the status quo. Everything Apple does, everything they say and do, serves as tangible proof of what they believe. The reason I use Apple so extensively throughout this book is that Apple is so disciplined in HOW they do things and so consistent in WHAT they do that, love them or hate them, we all have a sense of their WHY. We know what they believe. Most of us didn’t read books about them. We don’t personally know Steve Jobs. We haven’t spent time roaming the halls of Apple’s headquarters to get to know their culture.
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This is an issue that will have an exponential impact as time passes. Such a departure as Gates’s is not without precedent among companies with equally visionary leaders. Steve Jobs, the physical embodiment of the rabble-rousing revolutionary, a man who also personifies his company’s WHY, left Apple in 1985 after a legendary power struggle with Apple’s president, John Sculley, and the Apple board of directors. The impact on Apple was profound. Originally hired by Jobs in 1983, Sculley was a perfectly capable executive with a proven track record. He know WHAT to do and HOW to do things. He was considered one of the most talented marketing executives around, having risen quickly through the ranks of PepsiCo.
Equal Is Unfair: America's Misguided Fight Against Income Inequality by Don Watkins, Yaron Brook
3D printing, Affordable Care Act / Obamacare, Apple II, barriers to entry, Berlin Wall, Bernie Madoff, blue-collar work, business process, Capital in the Twenty-First Century by Thomas Piketty, Cass Sunstein, collective bargaining, colonial exploitation, Cornelius Vanderbilt, corporate governance, correlation does not imply causation, creative destruction, Credit Default Swap, crony capitalism, David Brooks, deskilling, Edward Glaeser, Elon Musk, en.wikipedia.org, financial deregulation, immigration reform, income inequality, indoor plumbing, inventory management, invisible hand, Isaac Newton, Jeff Bezos, Jony Ive, laissez-faire capitalism, Louis Pasteur, low skilled workers, means of production, minimum wage unemployment, Naomi Klein, new economy, obamacare, Peter Singer: altruism, Peter Thiel, profit motive, rent control, Ronald Reagan, Silicon Valley, Skype, Solyndra, statistical model, Steve Jobs, Steve Wozniak, The Spirit Level, too big to fail, trickle-down economics, Uber for X, urban renewal, War on Poverty, wealth creators, women in the workforce, working poor, zero-sum game
The top manager—the CEO—takes the widest perspective and the most long-range time frame. In Apple’s case, Steve Jobs would eventually come to play this role as well. Jobs had been forced to resign from the company he helped to create in 1985, but after a string of bad managers put Apple on the brink of bankruptcy, he returned to the company in 1997 and assumed the position, first, of interim CEO, and then of CEO. Many people at the time thought Apple was done for, its market share torn to shreds by Microsoft. Jobs disagreed. In Jobs’s view, Apple had been destroyed by its previous leaders’ “bringing in corrupt people and corrupt values” and abandoning its commitment to “making great products.”12 To save Apple, Jobs would enact vast changes on both fronts.
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Quoted in Sean Rossman, “Apple’s ‘The Woz’ Talks Jobs, Entrepreneurship,” Tallahassee Democrat, November 6, 2014, http://www.tallahassee.com/story/news/local/2014/11/05/apples-woz-talks-jobs-entrepreneurship/18561425/ (accessed April 13, 2015). 11. Quoted in Alec Hogg, “Apple’s ‘Other’ Steve—Wozniak on Jobs, Starting a Business, Changing the World, and Staying Hungry, Staying Foolish,” BizNews.com, February 17, 2014, http://www.biznews.com/video/2014/02/17/apples-other-steve-wozniak-on-jobs-starting-a-business-changing-the-world/ (accessed April 13, 2015). 12. Walter Isaacson, Steve Jobs (New York: Simon & Schuster, 2011), p. 295. 13.
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See Don Watkins, RooseveltCare: How Social Security Is Sabotaging the Land of Self-Reliance (Irvine, CA: Ayn Rand Institute Press, 2014), and Marvin Olasky, The Tragedy of American Compassion (Washington, DC: Regnery, 1992). Chapter 6 1. Jay Yarow and Kamelia Angelova, “CHART OF THE DAY: Apple’s Incredible Run under Steve Jobs,” Business Insider, August 25, 2011, http://www.businessinsider.com/chart-of-the-day-apples-market-cap-during-steve-jobs-tenure-2011-8 (accessed May 28, 2015). 2. JPL, “A Look at Berkshire Hathaway’s Annual Market Returns from 1968–2007,” AllFinancialMatters.com, April 2, 2008, https://web.archive.org/web/20080412003318/http://allfinancialmatters.com/2008/04/02/a-look-at-berkshire-hathaways-annual-market-returns-from-1968-2007/ (accessed May 28, 2015); “Berkshire Hathaway Inc.
Googled: The End of the World as We Know It by Ken Auletta
"World Economic Forum" Davos, 23andMe, AltaVista, An Inconvenient Truth, Andy Rubin, Anne Wojcicki, AOL-Time Warner, Apple's 1984 Super Bowl advert, Ben Horowitz, bioinformatics, Burning Man, carbon footprint, citizen journalism, Clayton Christensen, cloud computing, Colonization of Mars, commoditize, company town, corporate social responsibility, creative destruction, death of newspapers, digital rights, disintermediation, don't be evil, facts on the ground, Firefox, Frank Gehry, Google Earth, hypertext link, Innovator's Dilemma, Internet Archive, invention of the telephone, Jeff Bezos, jimmy wales, John Markoff, Kevin Kelly, knowledge worker, Larry Ellison, Long Term Capital Management, Marc Andreessen, Mark Zuckerberg, Marshall McLuhan, Mary Meeker, Menlo Park, Network effects, new economy, Nicholas Carr, PageRank, Paul Buchheit, Peter Thiel, Ralph Waldo Emerson, Richard Feynman, Sand Hill Road, Saturday Night Live, semantic web, sharing economy, Sheryl Sandberg, Silicon Valley, Skype, slashdot, social graph, spectrum auction, stealth mode startup, Stephen Hawking, Steve Ballmer, Steve Jobs, strikebreaker, Susan Wojcicki, systems thinking, telemarketer, the Cathedral and the Bazaar, the long tail, the scientific method, The Wisdom of Crowds, Tipper Gore, Upton Sinclair, vertical integration, X Prize, yield management, zero-sum game
He next became CEO of Intuit when Doerr suggested to founder Scott Cook that Campbell would be a great partner. Four years later, he moved up to chairman of the board. On the eve of Steve Jobs’s return to Apple in 1997, he asked Campbell to join his board. Today Campbell serves as a mentor to some of the Valley’s most successful entrepreneurs, from Marc Andreessen to Steve Jobs, whom he walks and talks with most weekends in Palo Alto, where they are neighbors. He estimates that he spends about 10 percent of his time on Apple business, about 35 percent on Intuit business, an equal amount at Google, about 10 percent as chairman of the board of Columbia University, and the remainder on assorted activities.
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Campbell’s boldness appealed to the ever-rebellious Steve Jobs. The two men bonded. By 1984, said Campbell, “Sculley and Jobs were going at each other already.” Although Jobs had recruited Sculley to bring professional management to Apple, he came to think he was more interested in marketing, including marketing himself, than in Apple products; Sculley believed Jobs wanted an acolyte, not a CEO. Nevertheless, Campbell earned the rare distinction of being able to both befriend Jobs and command Sculley’s respect. Before Sculley succeeded in pushing Jobs out of Apple in 1985, Campbell warned him it would be a huge mistake.
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Neither Seidenberg nor representatives from AT&T or Nokia joined in Google’s November announcement of the first truly open mobile operating system. A traditional Google corporate ally, Steve Jobs, also did not join because Apple’s iPhone provides a mobile operating system, one less open than Google’s. This was a little clumsy, because half of Apple’s eight directors serve as Google directors or advisers, among them Eric Schmidt, Bill Campbell, and Al Gore. At Apple board meetings, Schmidt told me he now recused himself from mobile phone discussions. In the auction, that commenced in January, all bidders were instructed not to reveal their bids.
Losing the Signal: The Spectacular Rise and Fall of BlackBerry by Jacquie McNish, Sean Silcoff
"World Economic Forum" Davos, Albert Einstein, Andy Rubin, Carl Icahn, Clayton Christensen, corporate governance, diversified portfolio, indoor plumbing, Iridium satellite, Jeff Hawkins, junk bonds, Marc Benioff, Mary Meeker, Michael Milken, PalmPilot, patent troll, QWERTY keyboard, rolodex, Salesforce, Silicon Valley, Silicon Valley startup, skunkworks, Skype, Stephen Fry, Stephen Hawking, Steve Ballmer, Steve Jobs, the new new thing
By that day, it had already inspired more than 11,000 print articles and generated 69 million Google hits.7 No one understood consumers’ digital desires better than Steve Jobs. A generation earlier Apple’s elegant Macintosh took desktop computers mainstream. Six years before the iPhone launch, Apple reinvented the music business in the face of industry skepticism by making portable music easy and fun with the iPod digital music player and its iTunes online music service. Computer and music industry executives dismissed iTunes as a pipe dream. Record labels would not initially yield to Apple the right to control the online distribution of music purchases, but eventually relented.8 They were wrong. Apple offered a lifeline to a drowning business, and Jobs appealed personally to artists hurt by Internet music pirates, including Bob Dylan, who agreed to let iTunes prerelease his new album Modern Times.9 For the first time in thirty years, a Dylan album ranked number one on the Billboard chart.
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Rubin’s Dream touch-screen phone was moved into the fast lane.5 Fred Vogelstein summed up iPhone’s impact that day in his book Dogfight with a quote by Google engineer Chris DeSalvo: “We’re going to have to start over.” 6 Mike Lazaridis was home on his treadmill when he saw a TV report about Apple’s news. He soon forgot about exercise. There was Steve Jobs waving a small glass object, downloading music, videos, and maps from the Internet onto a phone. “How did they do that?” Lazaridis wondered. His curiosity turned to disbelief when Sigman took the stage to announce Cingular’s deal to sell Apple’s phone. What was its parent, AT&T, thinking? “It’s going to collapse the network,” he thought. The next day Lazaridis grabbed Balsillie at the office and pulled him in front of a computer.
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By early 2010, RIM had a plan to produce a tablet with a seven-inch-long screen—small enough to fit in a coat pocket or purse—with a high-quality, high-definition screen, a fast browser, a sharp camera, and great sound. The device would be called PlayBook. But Apple once again set the agenda when Steve Jobs unveiled its tablet in late January 2010. With its ten-inch multitouch screen, familiar features including iTunes, a full browser, and lots of apps, plus an electronic reader, all wrapped in an elegant and accessible design, the Apple iPad would become one of the fastest-selling electronic devices ever when it hit the market that April. One of the iPad’s strengths was that it looked like a larger iPod or iPhone, complete with the all-glass screen and a single home button, but it was better suited to applications that called for a larger screen, including games, watching movies, and reading.
Visual Thinking: The Hidden Gifts of People Who Think in Pictures, Patterns, and Abstractions by Temple Grandin, Ph.D.
2013 Report for America's Infrastructure - American Society of Civil Engineers - 19 March 2013, 3D printing, a long time ago in a galaxy far, far away, air gap, Albert Einstein, American Society of Civil Engineers: Report Card, Apollo 11, Apple II, ASML, Asperger Syndrome, autism spectrum disorder, autonomous vehicles, Black Lives Matter, Boeing 737 MAX, Captain Sullenberger Hudson, clean water, cloud computing, computer vision, Computing Machinery and Intelligence, coronavirus, cotton gin, COVID-19, defense in depth, Drosophila, Elon Musk, en.wikipedia.org, GPT-3, Gregor Mendel, Greta Thunberg, hallucination problem, helicopter parent, income inequality, industrial robot, invention of movable type, Isaac Newton, James Webb Space Telescope, John Nash: game theory, John von Neumann, Jony Ive, language acquisition, longitudinal study, Mark Zuckerberg, Mars Rover, meta-analysis, Neil Armstrong, neurotypical, pattern recognition, Peter Thiel, phenotype, ransomware, replication crisis, Report Card for America’s Infrastructure, Robert X Cringely, Saturday Night Live, self-driving car, seminal paper, Silicon Valley, Skinner box, space junk, stem cell, Stephen Hawking, Steve Jobs, Steve Wozniak, Tacoma Narrows Bridge, TaskRabbit, theory of mind, TikTok, twin studies, unpaid internship, upwardly mobile, US Airways Flight 1549, warehouse automation, warehouse robotics, web application, William Langewiesche, Y Combinator
Journal of Child Psychology and Psychiatry 37, no. 7 (1996). doi.org/10.1111/j.1469-7610.1996.tb01475.x. Lehman, C. “Interview with a Software Engineer.” Quillette.com. January 5, 2018. Leibowitz, G. “Steve Jobs Might Have Never Started Apple If He Didn’t Do This 1 Thing.” Inc., 2018. https://www.inc.com/glenn-leibowitz/in-a-rare-23-year-old-interview-steve-jobs-said-this-1-pivotal-experience-inspired-him-to-start-apple-computer.html/. Lesinski, J. M. Bill Gates: Entrepreneur and Philanthropist. Springfield, MO: Twenty-First Century Books, 2009. Lienhard, D. A. “Roger Sperry’s Split Brain Experiments (1959–1968).”
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Cognition and Instruction 20, no. 1 (2002): 47–77. Kozhevnikov, M., et al. “Spatial versus Object Visualizers: A New Characterization of Visual Cognitive Style.” Memory and Cognition 33, no. 4 (2005): 710–26. Premier Composite Technologies, Dubai, Arab Emirates. Steve Jobs Theater Pavilion. http://www.pct.ae/steve-jobs-theater (accessed August 7, 2021). Sedak, Gersthofen, Germany. Apple Park, Cupertino, California, 2,500 glass units in facade. https://www.sedak.com/en/references/facades/ (accessed August 7, 2021). 1. WHAT IS VISUAL THINKING? Adolphs, R. The Neuroscience of Emotion. Princeton, NJ: Princeton University Press, 2018.
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“Academic Acceleration in Gifted Youth and Fruitless Concerns Regarding Psychological Well-Being: A 35-Year Longitudinal Study.” Journal of Educational Psychology (2020). https://my.vanderbilt.edu/smpy/files/2013/02/Article-JEP-Bernstein-2020-F.pdf. Bianchini, R. “Apple iPhone Design—from the 1st Generation to the iPhone 12.” January 18, 2021. https://www.inexhibit.com/case-studies/apple-iphone-history-of-a-design-revolution/. Blume, H. “Neurodiversity: On the Neurobiological Underpinning of Geekdom.” Atlantic, September 1998. Blumenthal, K. Steve Jobs: The Man Who Thought Different. New York: Feiwel and Friends, 2012. Bouchard, T. J., Jr., et al. “Sources of Human Psychological Differences: The Minnesota Study of Twins Reared Apart.”
Originals: How Non-Conformists Move the World by Adam Grant
"World Economic Forum" Davos, Abraham Maslow, Albert Einstein, Apple's 1984 Super Bowl advert, availability heuristic, barriers to entry, behavioural economics, Bluma Zeigarnik, business process, business process outsourcing, Cass Sunstein, classic study, clean water, cognitive dissonance, creative destruction, cuban missile crisis, Daniel Kahneman / Amos Tversky, Dean Kamen, double helix, Elon Musk, emotional labour, fear of failure, Firefox, George Santayana, Ignaz Semmelweis: hand washing, information security, Jeff Bezos, Jeff Hawkins, job satisfaction, job-hopping, Joseph Schumpeter, Kevin Roose, Kickstarter, Lean Startup, Louis Pasteur, Mahatma Gandhi, Mark Zuckerberg, meta-analysis, minimum viable product, Neil Armstrong, Nelson Mandela, Network effects, off-the-grid, PalmPilot, pattern recognition, Paul Graham, Peter Thiel, Ralph Waldo Emerson, random walk, risk tolerance, Rosa Parks, Saturday Night Live, Sheryl Sandberg, Silicon Valley, Skype, Steve Jobs, Steve Wozniak, Steven Pinker, TED Talk, The Wisdom of Crowds, women in the workforce
The Road Not Taken Donna Dubinsky was just shy of thirty, and it was the most hectic time of her life. As Apple’s distribution and sales manager in 1985, she was working virtually nonstop from morning until bedtime, maniacally focused on shipping computers to keep up with explosive demand. Suddenly, Steve Jobs proposed eliminating all six U.S. warehouses, dropping their inventory, and moving to a just-in-time production system in which computers would be assembled upon order and overnighted by FedEx. Dubinsky thought this was a colossal mistake, one that could put the company’s entire future in jeopardy. “In my mind, Apple being successful depended on distribution being successful,” she says.
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Washington, “Can an Agentic Black Woman Get Ahead? The Impact of Race and Interpersonal Dominance on Perceptions of Female Leaders,” Psychological Science 23 (2012): 354–58. “Apple being successful depended on”: Personal interview with Donna Dubinsky, June 20, 2014; Todd D. Jick and Mary Gentile, “Donna Dubinsky and Apple Computer, Inc. (A),” Harvard Business School, Case 9-486-083, December 11, 1995. Jobs promoted every one of them: Walter Isaacson, Steve Jobs (New York: Simon & Schuster, 2013). “Voice feeds” : Albert O. Hirschman, Exit, Voice, and Loyalty: Responses to Decline in Firms, Organizations, and States (Cambridge, MA: Harvard University Press, 1970).
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Eventually, a major cardinal learned of his work and wrote a letter encouraging Copernicus to publish it. Even then, Copernicus stalled for four more years. His magnum opus only saw the light of day after a young mathematics professor took matters into his own hands and submitted it for publication. Almost half a millennium later, when an angel investor offered $250,000 to Steve Jobs and Steve Wozniak to bankroll Apple in 1977, it came with an ultimatum: Wozniak would have to leave Hewlett-Packard. He refused. “I still intended to be at that company forever,” Wozniak reflects. “My psychological block was really that I didn’t want to start a company. Because I was just afraid,” he admits. Wozniak changed his mind only after being encouraged by Jobs, multiple friends, and his own parents.
Machines of Loving Grace: The Quest for Common Ground Between Humans and Robots by John Markoff
A Declaration of the Independence of Cyberspace, AI winter, airport security, Andy Rubin, Apollo 11, Apple II, artificial general intelligence, Asilomar, augmented reality, autonomous vehicles, backpropagation, basic income, Baxter: Rethink Robotics, Bill Atkinson, Bill Duvall, bioinformatics, Boston Dynamics, Brewster Kahle, Burning Man, call centre, cellular automata, Charles Babbage, Chris Urmson, Claude Shannon: information theory, Clayton Christensen, clean water, cloud computing, cognitive load, collective bargaining, computer age, Computer Lib, computer vision, crowdsourcing, Danny Hillis, DARPA: Urban Challenge, data acquisition, Dean Kamen, deep learning, DeepMind, deskilling, Do you want to sell sugared water for the rest of your life?, don't be evil, Douglas Engelbart, Douglas Engelbart, Douglas Hofstadter, Dr. Strangelove, driverless car, dual-use technology, Dynabook, Edward Snowden, Elon Musk, Erik Brynjolfsson, Evgeny Morozov, factory automation, Fairchild Semiconductor, Fillmore Auditorium, San Francisco, From Mathematics to the Technologies of Life and Death, future of work, Galaxy Zoo, General Magic , Geoffrey Hinton, Google Glasses, Google X / Alphabet X, Grace Hopper, Gunnar Myrdal, Gödel, Escher, Bach, Hacker Ethic, Hans Moravec, haute couture, Herbert Marcuse, hive mind, hype cycle, hypertext link, indoor plumbing, industrial robot, information retrieval, Internet Archive, Internet of things, invention of the wheel, Ivan Sutherland, Jacques de Vaucanson, Jaron Lanier, Jeff Bezos, Jeff Hawkins, job automation, John Conway, John Markoff, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, John Perry Barlow, John von Neumann, Kaizen: continuous improvement, Kevin Kelly, Kiva Systems, knowledge worker, Kodak vs Instagram, labor-force participation, loose coupling, Marc Andreessen, Mark Zuckerberg, Marshall McLuhan, medical residency, Menlo Park, military-industrial complex, Mitch Kapor, Mother of all demos, natural language processing, Neil Armstrong, new economy, Norbert Wiener, PageRank, PalmPilot, pattern recognition, Philippa Foot, pre–internet, RAND corporation, Ray Kurzweil, reality distortion field, Recombinant DNA, Richard Stallman, Robert Gordon, Robert Solow, Rodney Brooks, Sand Hill Road, Second Machine Age, self-driving car, semantic web, Seymour Hersh, shareholder value, side project, Silicon Valley, Silicon Valley startup, Singularitarianism, skunkworks, Skype, social software, speech recognition, stealth mode startup, Stephen Hawking, Steve Ballmer, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, Strategic Defense Initiative, strong AI, superintelligent machines, tech worker, technological singularity, Ted Nelson, TED Talk, telemarketer, telepresence, telepresence robot, Tenerife airport disaster, The Coming Technological Singularity, the medium is the message, Thorstein Veblen, Tony Fadell, trolley problem, Turing test, Vannevar Bush, Vernor Vinge, warehouse automation, warehouse robotics, Watson beat the top human players on Jeopardy!, We are as Gods, Whole Earth Catalog, William Shockley: the traitorous eight, zero-sum game
When originally completed, it served as a research and development center, but as Apple scaled down after Sculley left in 1993, it became a fortress for an increasingly besieged company. When Steve Jobs returned, first as “iCEO” in 1997, there were many noticeable changes including a dramatic improvement in the cafeteria food. The fine silver that had marked the executive suite during the brief era when semiconductor chief Gilbert Amelio ran the company also disappeared. As his health declined during a battle with pancreatic cancer in 2011, Steve Jobs came back for one last chapter at Apple. He had taken his third medical leave, but he was still the guiding force at the company.
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Instead, the Knowledge Navigator envisioned a natural conversation with an intelligent machine that both recognized and synthesized human speech. Brought to Apple as chief executive during the personal computing boom, Sculley started his tenure in 1983 with a well-chronicled romance with Apple’s cofounder Steve Jobs. Later, when the company’s growth stalled in the face of competition from IBM and others, Sculley fought Jobs for control of the company, and won. However, in 1986, Jobs launched a new computer company, NeXT. Jobs wanted to make beautiful workstations for college students and faculty researchers. That placed pressure on Sculley to demonstrate that Apple could still innovate without its original visionary.
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When word circulated that the firm had been acquired, possibly for more than $200 million, it sent shock waves up and down Sand Hill Road and within the burgeoning “app economy” that the iPhone had spawned. After Apple acquired Siri, the program was immediately pulled from the App Store, the iPhone service through which programs were screened and sold, and the small team of programmers who had designed Siri vanished back into “stealth mode” inside the Cupertino campus. The larger implications of the acquisition weren’t immediately obvious to many in the Valley, but as one of his last acts as the leader of Apple, Steve Jobs had paved the way for yet another dramatic shift in the way humans would interact with computers.
Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies by Reid Hoffman, Chris Yeh
"Susan Fowler" uber, activist fund / activist shareholder / activist investor, adjacent possible, Airbnb, Amazon Web Services, Andy Rubin, autonomous vehicles, Benchmark Capital, bitcoin, Blitzscaling, blockchain, Bob Noyce, business intelligence, Cambridge Analytica, Chuck Templeton: OpenTable:, cloud computing, CRISPR, crowdsourcing, cryptocurrency, Daniel Kahneman / Amos Tversky, data science, database schema, DeepMind, Didi Chuxing, discounted cash flows, Elon Musk, fake news, Firefox, Ford Model T, forensic accounting, fulfillment center, Future Shock, George Gilder, global pandemic, Google Hangouts, Google X / Alphabet X, Greyball, growth hacking, high-speed rail, hockey-stick growth, hydraulic fracturing, Hyperloop, initial coin offering, inventory management, Isaac Newton, Jeff Bezos, Joi Ito, Khan Academy, late fees, Lean Startup, Lyft, M-Pesa, Marc Andreessen, Marc Benioff, margin call, Mark Zuckerberg, Max Levchin, minimum viable product, move fast and break things, Network effects, Oculus Rift, oil shale / tar sands, PalmPilot, Paul Buchheit, Paul Graham, Peter Thiel, pre–internet, Quicken Loans, recommendation engine, ride hailing / ride sharing, Salesforce, Sam Altman, Sand Hill Road, Saturday Night Live, self-driving car, shareholder value, sharing economy, Sheryl Sandberg, Silicon Valley, Silicon Valley startup, Skype, smart grid, social graph, SoftBank, software as a service, software is eating the world, speech recognition, stem cell, Steve Jobs, subscription business, synthetic biology, Tesla Model S, thinkpad, three-martini lunch, transaction costs, transport as a service, Travis Kalanick, Uber for X, uber lyft, web application, winner-take-all economy, work culture , Y Combinator, yellow journalism
We’ll examine both of these key moves in greater detail later in the book, with Facebook’s shift to mobile featured in our analysis of Facebook’s business model, and Facebook’s hiring of Sheryl Sandberg in the section on the key transition from contributors to managers to executives. Apple illustrates how this overlap looks over multiple decades. In its storied history, Apple went through complete scaling cycles for the Apple II, the Macintosh, the iMac, and the iPod (with the cycle for the iPhone still under way). It’s worth noting that Apple failed to launch any blitzscalable products after the Apple II and the Mac until Steve Jobs returned and launched the iMac, iPod, and iPhone. It was part of Steve’s rare genius that time and time again he was able to pick the right product for Apple to blitzscale, even without slowing down for a period of classic start-up growth to gather feedback from the market.
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If the company doesn’t realize the root cause, the most common (and unhelpful) response is to call for changing the CEO or the executive team—the VP of sales is particularly vulnerable because he or she often takes the blame for the slowdown—or both. How many times does replacing the CEO actually reignite massive growth? The only good example we can think of is what Steve Jobs did at Apple. So if you have a Steve Jobs waiting in the wings, go ahead and switch CEOs. Otherwise, it probably won’t help. Consider what happened to two blitzscalers who ran out of headroom—Groupon and Twitter. Groupon was one of the fastest-growing companies of all time, thanks to its leadership position in the rapidly-emerging daily deals market.
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Many of Google’s services are strong enough to succeed on their own, but this means that they are succeeding in spite of, rather than because of, multithreading. In contrast, Apple’s highly centralized approach allows it to produce highly integrated and polished products, but, as a result, it restricts itself to a much smaller product line. Of course, this is intentional; Steve Jobs always wanted to run as close to single-threaded as possible to maintain Apple’s unity of purpose. One of the first things Steve did when he returned to Apple as CEO in 1997 was to reduce the company’s product line from dozens to a simple two-by-two matrix: consumer desktop, pro desktop, consumer laptop, and pro laptop.
The Big Score by Michael S. Malone
Apple II, Bob Noyce, bread and circuses, Buckminster Fuller, Byte Shop, Charles Babbage, Claude Shannon: information theory, computer age, creative destruction, Donner party, Douglas Engelbart, Douglas Engelbart, El Camino Real, Fairchild Semiconductor, fear of failure, financial independence, game design, Isaac Newton, job-hopping, lone genius, market bubble, Menlo Park, military-industrial complex, packet switching, plutocrats, RAND corporation, ROLM, Ronald Reagan, Salesforce, Sand Hill Road, Silicon Valley, Silicon Valley startup, speech recognition, Steve Jobs, Steve Wozniak, tech worker, Teledyne, The Home Computer Revolution, transcontinental railway, Turing machine, union organizing, Upton Sinclair, upwardly mobile, William Shockley: the traitorous eight, Yom Kippur War
For Jobs, any son of a bitch who charged him too much for a part or didn’t like him personally or who competed with Apple—that is, with Steve Jobs—deserved whatever evil befell him. This was a dumb strategy when Apple was small, and even dumber when it grew large. Luckily, Jobs’s subordinates knew better, and it became standard operating procedure to simply sneak in the back door contracts with his latest set of enemies in order to keep the assembly lines running. Meanwhile, as Jobs was undergoing the transition to adulthood, Apple continued to grow at a frantic pace. The finished Apple II was a magnificent machine. Inside was Wozniak’s masterful design, which required only 62 chips (compared with hundreds in other personal computers).
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Late one evening, after 20 hours of work, one executive turned to a poster on the wall showing a still from the now-famous Macintosh 1984 commercial and punched it down, yelling, “You want to know where Big Brother really is? It’s not at IBM. It’s right here.” Meanwhile, Steve Jobs smirked and relaxed by sticking his bare feet in a flushing company toilet. Yet Apple had become too big even for Steve Jobs to ruin. With Markkula, then Sculley, at the controls, presiding over a growing professional middle management, Apple grew up. Jobs aside, it became a good, solid place to work, with extended career paths and professionalism that instilled employee loyalty. There were no more Nights of the Long Knives and fewer mercurial, unpredictable bosses—except Jobs. Much of the funkiness and flash were gone, but so was the amateurishness and the risky company swings.
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At meetings they would begin talking to one another, ignoring everyone else, riffing off each other’s thoughts, anticipating the other’s ideas before they were said, speaking almost in a private language. Yet there were those Apple managers who looked in Sculley’s eyes and saw the shrewdest of businessmen, a chameleon with a color so pure that even Steve Jobs couldn’t see past it to the real John Sculley inside. Apple had at last become a serious company. But it was almost too late. 1983 was a watershed year in the personal computer market. Most of the computer companies on the market recognized the inevitable and offered IBM software-compatible equipment—except Apple. IBM further consolidated its control of the market with the PC and a more powerful version called the PCxt, which as good as obliterated the poor Apple III and stole the lower end of Lisa’s market.
Commodore: A Company on the Edge by Brian Bagnall
Apple II, belly landing, Bill Gates: Altair 8800, Byte Shop, Claude Shannon: information theory, computer age, Computer Lib, Dennis Ritchie, Douglas Engelbart, Douglas Engelbart, Firefox, Ford Model T, game design, Gary Kildall, Great Leap Forward, index card, inventory management, Isaac Newton, Ken Thompson, low skilled workers, Menlo Park, packet switching, pink-collar, popular electronics, prediction markets, pre–internet, QWERTY keyboard, Robert Metcalfe, Robert X Cringely, Silicon Valley, special economic zone, Steve Jobs, Steve Wozniak, systems thinking, Ted Nelson, vertical integration
According to Wozniak, “We went to Commodore and talked primarily with Andre Sousan. Steve Jobs was trying to talk Commodore into buying the Apple II for a large amount, like hundreds of thousands of dollars. … Steve Jobs also wanted Commodore to hire us along with the proposed deal. The deal was never on paper and never concrete, as to how much.” “The discussions never got beyond a meeting with Jack and Steve,” says Peddle. “Jack’s view was that Steve wanted much too much for the company and in the fall of 1976 he was right. I remember him laughing about Steve Jobs and his view of his company’s position.” Tramiel was willing to purchase Apple, but he wanted the lowest price possible.
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Wozniak also created six expansion slots for his improved Apple. This brought it up to date with the functionality available to other computers, including the Altair and the KIM-4 expansion module. In October, Peddle approached Apple in the hopes of acquiring Wozniak’s technology. “We tried to get them to sell us the Apple … as the basis for our PET,” says Peddle. The person negotiating on behalf of Apple was Steve Jobs. The two partners came to Commodore headquarters with the intention of selling their fledgling company. “Andre sets up a meeting with Apple to have a discussion about how we could get to the CES show together,” recalls Peddle.
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In August 1978, Apple came to Peddle in search of a head engineer. “Jack * me up and Steve [Jobs] came to me with a great offer,” recalls Peddle. And what was the job offer? “To replace Woz and be the technical guru for the company.” Apple used everything in their power to lure Peddle. “I met with [Mike] Scott and Steve [Jobs],” says Peddle. “Basically the guys at Apple offered me a deal that would have made me one of the top five stockholders at Apple.” The offer was too attractive to decline. “I guess he’d just had it,” says Seiler. “He was always fighting with Jack Tramiel. There were always differences about how the business should be run. Jack was cheap.
The Virgin Way: Everything I Know About Leadership by Richard Branson
barriers to entry, Boeing 747, call centre, carbon footprint, Celtic Tiger, clean water, collective bargaining, Costa Concordia, do what you love, Donald Trump, Elon Musk, flag carrier, friendly fire, glass ceiling, illegal immigration, index card, inflight wifi, Lao Tzu, legacy carrier, low cost airline, M-Pesa, Mahatma Gandhi, Mark Zuckerberg, Nelson Mandela, Northern Rock, profit motive, Ralph Waldo Emerson, Ronald Reagan, shareholder value, Sheryl Sandberg, Silicon Valley, stem cell, Steve Jobs, Tesla Model S, Tony Fadell, trade route, vertical integration, Virgin Galactic, work culture , zero-sum game
It did stick with me, however, that to take their show on the road, even a megabrand like McDonald’s can, on occasion, be forced to ‘think outside the bun’. APPLE SEEDS SALES Another brand that is anything but typical in its approach to every element of doing business is Apple. Steve Jobs’ fanaticism for product design and detail was (and still is) seamlessly visible all the way from technical form and function to packaging to the Apple Stores. And boy, has it ever paid off – there is nothing remotely ‘average’ about an Apple Store. I find the shopping experience there to be a disarming cross between visiting an art gallery and some form of an electronics exhibition that has been stripped of everything but the coolest and best the business has to offer.
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This means as few walls as possible – real and imaginary. It also calls for leaders that are out there getting their hands dirty every day. Steve Jobs put it perfectly when he said to his biographer Walter Isaacson, ‘Creativity comes from spontaneous meetings, from random discussions. You run into someone, you ask what they’re doing, you say “Wow” and soon you’re cooking up all sorts of ideas.’ MEET ME IN THE PIAZZA Collaboration should have been Steve Jobs’ middle name as he was forever going to amazing ends to foster it – and not just at Apple. When he created Pixar, home to Toy Story, Monsters Inc. and many other animated classics, he went to great lengths to make unplanned collaboration part of the company’s foundations – literally!
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A counterpoint to my friend Antonio’s story is that of Ronald Wayne. Wayne had worked alongside Steve Jobs at Atari and became one of the co-founders of Apple with Jobs and Wozniak. At forty years of age, Wayne was almost twice as old as his young co-founders and so he agreed to essentially act as the venture’s ‘adult supervisor’ in return for which he was given a ten per cent stake in the nascent company. Among other things Wayne drew up the partnership agreement between the three, drafted the first company logo and wrote the Apple 1 manual. For a variety of reasons, however, Wayne just didn’t feel comfortable that things were going to work out – he also didn’t particularly enjoy working with Jobs – and so after only a couple of months Wayne called it quits and relinquished his stock in the company for a one-time pay-out of $800.
Goodbye, Things: The New Japanese Minimalism by Fumio Sasaki
Airbnb, Albert Einstein, death from overwork, fixed-gear, Lao Tzu, Mahatma Gandhi, Mark Zuckerberg, mirror neurons, Skype, Steve Jobs
Minimalism imported back to Japan The American company Apple has an intriguing connection to the minimalist culture of Japan. Many minimalists are fond of Apple products and of Apple’s founder, Steve Jobs. The products that Jobs created always avoided excess. The iPhone only has one button, and you don’t have to worry about being stuck with a lot of extra wires and ports when you buy a Mac. Apple products generally don’t include operating manuals. I think this is all due to the fact that Jobs had been a minimalist, and he was known to be a believer in Japanese Zen, which teaches minimalism. It’s quite well-known that Steve Jobs considered Master Kobun Otogawa of the Soto school his master and had at one point seriously considered studying Zen at the temple Eiheiji, located deep in the mountains on the coast of the Sea of Japan.
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To him, scoring is his top priority. He’s reduced everything else to save his energy and focus on what’s truly important: those crucial opportunities to score. Steve Jobs, the perfect minimalist Steve Jobs was not a minimalist simply because he always wore the same thing and removed excess from his products. Minimalism really did guide almost everything he did. The first thing that Jobs is said to have done after making his comeback to Apple was to donate old documents and machines that were almost covered by cobwebs to a museum. He started out by parting with material objects. He wanted to focus on producing products that would change the world, so he got rid of everything else that wasn’t important.
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Those at Toppan Printing who printed this book, everyone at National Bookbinding who put this work together, those of you at ALEX Corporation who handled the desktop publishing, the people at Tokyo Shuppan Service Center who were responsible for the proofreading, and the people at Taiyo Shoji for always transporting our heavy loads of books—thank you all very much. And last but not least, many thanks to the people who serve as our agents and those of you at the wonderful bookstores. I hope you’ll continue to offer this book to our readers. I’d also like to thank Steve Jobs and Apple. It’s because of the iPhone and MacBook Air, two truly minimalist products that Mr. Jobs introduced to the world, that I’ve been able to say goodbye to so many of my material possessions, while also being able to write at any location. It’s thanks to Microsoft Word that I was able to write this.
The New Kingmakers by Stephen O'Grady
AltaVista, Amazon Web Services, barriers to entry, cloud computing, correlation does not imply causation, crowdsourcing, David Heinemeier Hansson, DevOps, Hacker News, Jeff Bezos, Khan Academy, Kickstarter, Marc Andreessen, Mark Zuckerberg, Netflix Prize, Paul Graham, Ruby on Rails, Silicon Valley, Skype, software as a service, software is eating the world, Steve Ballmer, Steve Jobs, The future is already here, Tim Cook: Apple, Y Combinator
Here are five businesses that, in at least one area, understood the importance of developers and engaged appropriately. Apple In August 2011, a month after reporting record earnings, Apple surpassed Exxon as the world’s biggest company by market capitalization. This benchmark was reached in part because of fluctuations in oil price that affected Exxon’s valuation, but there’s little debate that Apple is ascendant. By virtually any metric, Steve Jobs’s second tenure at Apple has turned into one of the most successful in history, in any industry. Seamlessly moving from hit product to hit product, the Apple of 2012 looks nothing like the Apple of the late nineties, when Dell CEO Michael Dell famously suggested that Apple should be shut down, to “give the money back to the shareholders.”
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Even its forgotten desktop business is showing steady if unspectacular growth. There are many factors contributing to Apple’s remarkable success, from the brilliance of the late Steve Jobs to the supply chain sophistication of current CEO Tim Cook. And of course, Apple’s success is itself fueling more success. In the tablet market, for example, would-be competitors face not only the daunting task of countering Apple’s unparalleled hardware and software design abilities, but the economies of scale that allow Apple to buy components more cheaply than anyone else. The perfect storm of Apple’s success is such that some analysts are forecasting that it could become the world’s first trillion-dollar company.
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What led 42Floors to this decision? In their own words, “The very best can’t be hired. They must be courted.” For perhaps the first time in the history of the industry, people are worth more than the code they produce, a valuation supported by logic. Steve Jobs believed that an elite talent was 25 times more valuable to Apple than an average alternative. For Jobs, this was critical to Apple’s resurgence: That’s probably…certainly the secret to my success. It’s that we’ve gone to exceptional lengths to hire the best people. Facebook CEO Mark Zuckerberg agrees, saying in a 2010 interview: Someone who is exceptional in their role is not just a little better than someone who is pretty good.
The Everything Store: Jeff Bezos and the Age of Amazon by Brad Stone
airport security, Amazon Mechanical Turk, Amazon Web Services, AOL-Time Warner, Apollo 11, bank run, Bear Stearns, Bernie Madoff, big-box store, Black Swan, book scanning, Brewster Kahle, buy and hold, call centre, centre right, Chuck Templeton: OpenTable:, Clayton Christensen, cloud computing, collapse of Lehman Brothers, crowdsourcing, cuban missile crisis, Danny Hillis, deal flow, Douglas Hofstadter, drop ship, Elon Musk, facts on the ground, fulfillment center, game design, housing crisis, invention of movable type, inventory management, James Dyson, Jeff Bezos, John Markoff, junk bonds, Kevin Kelly, Kiva Systems, Kodak vs Instagram, Larry Ellison, late fees, loose coupling, low skilled workers, Maui Hawaii, Menlo Park, Neal Stephenson, Network effects, new economy, off-the-grid, optical character recognition, PalmPilot, pets.com, Ponzi scheme, proprietary trading, quantitative hedge fund, reality distortion field, recommendation engine, Renaissance Technologies, RFID, Rodney Brooks, search inside the book, shareholder value, Silicon Valley, Silicon Valley startup, six sigma, skunkworks, Skype, SoftBank, statistical arbitrage, Steve Ballmer, Steve Jobs, Steven Levy, Stewart Brand, the long tail, Thomas L Friedman, Tony Hsieh, two-pizza team, Virgin Galactic, Whole Earth Catalog, why are manhole covers round?, zero-sum game
He sagely recommended to the board members that they stick with their founder. Galli says that the final decision to leave Amazon was his own. Before he joined the company, he had read the book Odyssey: Pepsi to Apple, by John Sculley, who had joined Apple as CEO in the mid-1980s and then ousted Steve Jobs in a boardroom coup. “Before I went out there, I promised myself and my family that I would never do to Jeff what Sculley did to Steve Jobs,” Galli says. “I just felt like Jeff was falling in love more and more with his vision and what the company could be. I could anticipate it was not going to work. He wanted to have a more hands-on role.
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Over his years at the helm of Apple, Steve Jobs usually reviled those former colleagues who had defected from his company and abandoned its righteous mission. Though Diego Piacentini left Apple for a startup that Jobs had incredulously dismissed as just a retailer, the two remained unusually cordial, perhaps because Piacentini had given Apple six months to find his replacement as head of European operations. Jobs would occasionally contact Piacentini when he needed something from Amazon, and in early 2003, Piacentini e-mailed his former boss with a request of his own. Amazon wanted to make Apple a proposal. Piacentini brought Neil Roseman and H.
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I had to roll up my sleeves and start all over again.” He’s now a life coach living in Barcelona, Spain. Diego Piacentini, a new executive from Apple, was thrust directly into the mess. Bezos hired the suave, Italian-born Piacentini in early 2000 to take the top spot running Amazon’s international operations. Piacentini’s old boss Steve Jobs had expressed incredulity at the move in his typically strident way. Over lunch in the Apple cafeteria in Cupertino, Jobs asked Piacentini why he would possibly want to go to a boring retailer when Apple was in the process of reinventing computing. Then in the same breath, Jobs suggested that maybe the career move revealed that Piacentini was so dumb that it was a good thing he was leaving Apple.
The Power Law: Venture Capital and the Making of the New Future by Sebastian Mallaby
"Susan Fowler" uber, 23andMe, 90 percent rule, Adam Neumann (WeWork), adjacent possible, Airbnb, Apple II, barriers to entry, Ben Horowitz, Benchmark Capital, Big Tech, bike sharing, Black Lives Matter, Blitzscaling, Bob Noyce, book value, business process, charter city, Chuck Templeton: OpenTable:, Clayton Christensen, clean tech, cloud computing, cognitive bias, collapse of Lehman Brothers, Colonization of Mars, computer vision, coronavirus, corporate governance, COVID-19, cryptocurrency, deal flow, Didi Chuxing, digital map, discounted cash flows, disruptive innovation, Donald Trump, Douglas Engelbart, driverless car, Dutch auction, Dynabook, Elon Musk, Fairchild Semiconductor, fake news, family office, financial engineering, future of work, game design, George Gilder, Greyball, guns versus butter model, Hacker Ethic, Henry Singleton, hiring and firing, Hyperloop, income inequality, industrial cluster, intangible asset, iterative process, Jeff Bezos, John Markoff, junk bonds, Kickstarter, knowledge economy, lateral thinking, liberal capitalism, Louis Pasteur, low interest rates, Lyft, Marc Andreessen, Mark Zuckerberg, market bubble, Marshall McLuhan, Mary Meeker, Masayoshi Son, Max Levchin, Metcalfe’s law, Michael Milken, microdosing, military-industrial complex, Mitch Kapor, mortgage debt, move fast and break things, Network effects, oil shock, PalmPilot, pattern recognition, Paul Graham, paypal mafia, Peter Thiel, plant based meat, plutocrats, power law, pre–internet, price mechanism, price stability, proprietary trading, prudent man rule, quantitative easing, radical decentralization, Recombinant DNA, remote working, ride hailing / ride sharing, risk tolerance, risk/return, Robert Metcalfe, ROLM, rolodex, Ronald Coase, Salesforce, Sam Altman, Sand Hill Road, self-driving car, shareholder value, side project, Silicon Valley, Silicon Valley startup, Skype, smart grid, SoftBank, software is eating the world, sovereign wealth fund, Startup school, Steve Jobs, Steve Wozniak, Steven Levy, super pumped, superconnector, survivorship bias, tech worker, Teledyne, the long tail, the new new thing, the strength of weak ties, TikTok, Travis Kalanick, two and twenty, Uber and Lyft, Uber for X, uber lyft, urban decay, UUNET, vertical integration, Vilfredo Pareto, Vision Fund, wealth creators, WeWork, William Shockley: the traitorous eight, Y Combinator, Zenefits
The fertility of the network was illustrated by the story of Apple, founded in 1976 by Steve Jobs and Steve Wozniak. On the face of it, Apple was an obvious candidate for venture investment, because scores of insiders already understood that the personal computer would be the next big thing in technology. Xerox’s Palo Alto Research Center, or PARC, had recognized the PC as “an idea whose time has arrived” and had produced a prototype complete with mouse and graphical interface. Intel and National Semiconductor had considered making a PC, and Steve Wozniak had twice offered the Apple I design to his employer, Hewlett-Packard.[1] But all four companies had decided not to build a PC, inhibited by what the business thinker Clayton Christensen termed the “innovator’s dilemma.”
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All four companies had too much of a stake in the status quo to risk disrupting it. A startup that filled the resulting vacuum looked like an obvious bet for venture capitalists. And yet when Apple set out to raise money, the stars in the venture-capital firmament failed to recognize the opportunity, proving that even the most brilliant VCs are capable of costly errors. Tom Perkins and Eugene Kleiner refused even to meet with Steve Jobs. Bill Draper of Sutter Hill sent an associate to visit Apple, and when the associate reported that Jobs and Wozniak had kept him waiting, Draper wrote them off as arrogant.[2] Meanwhile, Draper’s old SBIC partner, Pitch Johnson, wondered, “How can you use a computer at home?
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At a telling point in their courtship, Yang asked Moritz if the company should change its name, maybe to something more serious. Moritz retorted that if Yang did that, Sequoia would not back him.[10] Moreover, Moritz had a rationale for his retort—one that Yang himself had never thought of. In his years as a journalist, Moritz had written a perceptive book about Steve Jobs. Now he insisted that Yahoo was that precious thing, an inspired and memorable company name. Like Apple.[11] Whether by instinct or cunning, Moritz had given the perfect clincher of an answer. Because he understood Jobs as well as anybody in the Valley, he had the credibility to imply a connection between two unknown grad students and a storied Silicon Valley legend.
Design for Hackers: Reverse Engineering Beauty by David Kadavy
Airbnb, complexity theory, en.wikipedia.org, Firefox, Hacker News, Isaac Newton, John Gruber, Paul Graham, Ruby on Rails, semantic web, Silicon Valley, Silicon Valley startup, Steve Jobs, TaskRabbit, web application, wikimedia commons, Y Combinator
There is no better example of a company that enjoys a heavier advantage thanks to its design than Apple. In 1997, Steve Jobs – upon returning to the company after a 12-year absence – discovered the under-appreciated design laboratory of Jonathan Ives. Since then, Apple has released innovative products with great design time and time again, enjoying tremendous success. It’s grown to be the largest tech company in the world, at as much as 100 times its own size in 1997. Apple has accomplished this success by releasing one great product after another, but it owes its growth to one product above all others: the iPod. Before the iPod, contact with the elegance of Apple’s design was reserved for its relatively small group of extremely dedicated followers.
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Since Microsoft Office was such a dominant software program, so important to doing business, getting people to switch to a Mac was nearly impossible. So, Apple went for a more emotional point by attacking music. “Music is a part of everyone’s life. Everyone. Music has been around forever. It will always be around,” Steve Jobs said as he introduced the iPod in 2001. People had been listening to music on their computers for a few years at that time, but the portable digital player market was just emerging. Many of the players that were on the market at the time of the iPod’s introduction were bulky, difficult to transfer music to, and had interfaces that were “unbelievably awful,” as Steve Jobs put it. Apple had an opportunity to get one of its products into the hands of consumers more easily than it could a personal computer, and it seized that opportunity with the iPod.
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Gastev (http://www.flickr.com/photos/gastev/) The height of Roman typography The influence of the brush even found its way into lettering carved in marble, such as in the base of Trajan’s Column, which is considered the height of Roman typography. Though there is subtlety in the lettering that, as Apple CEO Steve Jobs has said of calligraphy, is “beautiful in a way that science can’t capture,” the general “skeleton” of the letters is based upon the square, the triangle, and the circle (see Figure 3-14). Figure 3-14 The theoretical underpinnings of Roman capitals: the square, the circle, and the triangle.
Hatching Twitter by Nick Bilton
4chan, Airbus A320, Benchmark Capital, Big Tech, Blue Bottle Coffee, Burning Man, friendly fire, index card, Jeff Bezos, John Markoff, Kevin Kelly, Kickstarter, Mahatma Gandhi, Mark Zuckerberg, messenger bag, PalmPilot, pets.com, rolling blackouts, rolodex, Ruby on Rails, Saturday Night Live, side project, Silicon Valley, Skype, social web, Steve Ballmer, Steve Jobs, Steven Levy, technology bubble, traveling salesman, US Airways Flight 1549, WikiLeaks
The tech blogs, now believing that Jack had founded and built Twitter on his own, that he had come up with the idea when he was just a child—which Jack insinuated to dozens of media outlets—and that he possessed the same principles as Jobs in both design and management, started asking: “Is Jack Dorsey the next Steve Jobs?” (They inevitably answered: “Yes.”) It wasn’t a grand master plan by Jack to copy Jobs. Rather it was dozens of little plans that added up to a re-creation. In many respects it was Steve Jobs who helped create Jack Dorsey. Jobs was notorious for denying access to reporters. He had trained the media to behave exactly how he wanted them to—when he spoke, they listened, which was his best magic trick of all. So when he took a leave from Apple after falling ill in 2009, the media went in search of the next Steve Jobs. Jack walked like that duck, used the same quotes as that duck, wore the same glasses, had the same principles, and the same astounding theories on design as that duck.
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Everyone else, now seated, started giggling at them. But worse than the anarchy inside was the fact that Apple Computer had recently torn a hole in the hull of the company. On a Tuesday morning several months earlier, Odeo employees had gathered around their computers to watch Steve Jobs, the venerable CEO of Apple, announce the latest iPod. But stunned silence had enveloped them when Jobs declared that Apple was adding podcasts to iTunes. At the end of the announcements, the tech giant sent a brief press release across the news wires with the ominous headline, APPLE TAKES PODCASTING MAINSTREAM. In that brief moment podcasting, which had been the entire company thesis for Odeo, had become a simple add-on for Apple.
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He referred to “rounding the edges” in design meetings, a term Jobs began using in 1981 when he designed the Macintosh operation system. He set up the same weekly schedule for product meetings at Square that Jobs had commanded at Apple. And he started using Jobs quotes in his own speeches. Then Jack started hiring former Apple employees at Square. But their interviews were different from those of other candidates. “Did you have the opportunity to work with Steve Jobs?” Jack would ask. “Can you tell me a little about his management style?” During discussions with former Apple employees who had been hired at Square, Jack heard that Jobs didn’t consider himself a CEO but rather an “editor.” At some point Jack started referring to himself as “the editor, not just the CEO” of Square.
Bad Blood: Secrets and Lies in a Silicon Valley Startup by John Carreyrou
Affordable Care Act / Obamacare, bioinformatics, corporate governance, Donald Trump, El Camino Real, Elon Musk, fake it until you make it, Google Chrome, John Markoff, Jony Ive, Kickstarter, Larry Ellison, Marc Andreessen, Mark Zuckerberg, Mars Rover, medical malpractice, Menlo Park, obamacare, Ponzi scheme, reality distortion field, ride hailing / ride sharing, Right to Buy, Sand Hill Road, Seymour Hersh, Sheryl Sandberg, side project, Silicon Valley, Silicon Valley startup, stealth mode startup, Steve Jobs, stock buybacks, supply-chain management, Travis Kalanick, ubercab, Wayback Machine
Campbell, “Rainbow Makers,” Chemistry World, June 1, 2003. 3. APPLE ENVY In January of that year: John Markoff, “Apple Introduces Innovative Cellphone,” New York Times, January 9, 2007. One of them was Ana Arriola: Ana used to be a man named George. She transitioned from male to female after she worked at Theranos. “We have lost sight of our business objective”: Email with the subject line “IT” sent by Justin Maxwell to Ana Arriola in the early morning hours of September 20, 2007. Avie was one of Steve Jobs’s oldest: Walter Isaacson, Steve Jobs (New York: Simon & Schuster, 2011), 259, 300, 308.
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Christian and his friends were always ready and willing to do Elizabeth and Sunny’s bidding. Their eagerness to please was on display when news broke that Steve Jobs had died on the evening of October 5, 2011. Elizabeth and Sunny wanted to pay Jobs a tribute by flying an Apple flag at half-mast on the grounds of the Hillview Avenue building. The next morning, Jeff Blickman, a tall redhead who’d played varsity baseball at Duke, volunteered for the mission. He couldn’t locate any suitable Apple flag for sale, so Blickman had one custom made out of vinyl. It featured the famous Apple logo in white against a black background. The store he went to took a while to make it.
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The lawyers weren’t of much help when he asked them, so he looked up Food and Drug Administration regulations on his own and decided that a “for research use only” sticker was probably the most appropriate. This was not a finished product and no one should be under the impression that it was, Tony thought. | THREE | Apple Envy For a young entrepreneur building a business in the heart of Silicon Valley, it was hard to escape the shadow of Steve Jobs. By 2007, Apple’s founder had cemented his legend in the technology world and in American society at large by bringing the computer maker back from the ashes with the iMac, the iPod, and the iTunes music store. In January of that year, he unveiled his latest and biggest stroke of genius, the iPhone, before a rapturous audience at the Macworld conference in San Francisco.
The Wide Lens: What Successful Innovators See That Others Miss by Ron Adner
ASML, barriers to entry, Bear Stearns, Blue Ocean Strategy, book value, call centre, Clayton Christensen, Ford Model T, inventory management, iterative process, Jeff Bezos, Lean Startup, M-Pesa, minimum viable product, mobile money, new economy, RAND corporation, RFID, smart grid, smart meter, SoftBank, spectrum auction, Steve Ballmer, Steve Jobs, Steven Levy, supply-chain management, Tim Cook: Apple, transaction costs, vertical integration
CNET.com, July 12, 2002, http://news.cnet.com/2100-1040-943519.xhtml. 210 iPod, boasting 100 million customers: Steven Levy, “Why We Went Nuts About the iPhone,” Newsweek, July 16, 2007. 210 Apple’s stock shot up 44 percent: Matt Krantz, “iPhone Powers up Apple’s Shares,” USA Today, June 28, 2007. 211 “four times the number of PCs that ship every year”: Morris, “Steve Jobs Speaks Out.” 211 Ericsson released the R380: Dave Conabree, “Ericsson Introduces the New R380e,” Mobile Magazine, September 25, 2001. 211 Palm followed up with its version: Sascha Segan, “Kyocera Launches First Smartphone in Years,” PC Magazine, March 23, 2010, http://www.pcmag.com/article2/0,2817,2361664,00.asp#fbid=C81SVwKJIvh. 211 “one more entrant into an already very busy space”: “RIM Co-CEO Doesn’t See Threat from Apple’s iPhone,” InformationWeek, February 12, 2007. 212 the phone was exclusively available from only one carrier: In a handful of markets regulators ruled the exclusivity arrangement illegal. 212 “The bigger problem is the AT&T network”: David Pogue, “The iPhone Matches Most of Its Hype,” New York Times, June 27, 2007. 212 priced at a mere $99 in 2007: Kim Hart, “Rivals Ready for iPhone’s Entrance; Pricey Gadget May Alter Wireless Field,” Washington Post, June 24, 2007. 212 “cause irreparable damage to the iPhone’s software”: Apple, press release, September 24, 2007. 213 “I say I like our strategy”: Steve Ballmer interviewed on CNBC, January 17, 2007. 213 They ran out of the older model six weeks before the July 2008 launch: Tom Krazit, “The iPhone, One Year Later,” CNET.com, June 26, 2008, http://news.cnet.com/8301-13579_3-9977572-37.xhtml. 213 60 percent went to buyers who already owned at least one iPod: Apple COO Tim Cook’s comments at Goldman Sachs Technology and Internet Conference, cited in JPMorgan analyst report, “Strolling Through the Apple Orchard: The Good, the Bad and the Ugly Scenarios,” March 4, 2008. 215 the average iPhone user paid AT&T $2,000: Jenna Wortham, “Customers Angered as iPhones Overload AT&T,” New York Times, September 2, 2009. 215 as high as $18 per user per month: Tom Krazit, “Piper Jaffray: AT&T Paying Apple $18 per iPhone, Per Month,” CNET.com, October 24, 2007, http://news.cnet.com/8301-13579_3-9803657-37.xhtml. 216 Apple announced its 10 billionth app download: Apple.com, “iTunes Store Tops 10 Billion Songs Sold,” February 25, 2010, http://www.apple.com/pr/library/2010/02/25iTunes-Store-Tops-10-Billion-Songs-Sold.xhtml. Accessed October 20, 2011. 219 financial analysts, technology blogs, and the mainstream media were already obsessed: James Quinn, “Apple’s ‘Tablet’ to rival Amazon’s Kindle,” Daily Telegraph (London), May 22, 2009. 219 “Apple’s latest billion-dollar jackpot”: David Smith, “Steve Jobs’ New Trick: The Apple Tablet,” Observer, August 23, 2009. 219 “2010 Could be the Year of the Tablet”: Nick Bilton, “2010 Could be the Year of the Tablet,” New York Times, December 28, 2009. 219 “already 75 million people who know how to use this”: Joshua Topolosky, “Live from the Apple ‘Latest Creation’ Event,” Engadget.com, January 27, 2010. 219 all committed to providing books for the device: Ibid. 219 daily version of the paper specially tailored for iPad users: Andy Brett, “The New York Times Introduces an iPad App,” TechCrunch, April 1, 2010, http://techcrunch.com/2010/04/01/new-york-times-ipad/.
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The iPod Wins, Three Years Late The MP3 player market did eventually consolidate around a dominant product, Apple’s iPod. But the iPod, launched in late 2001—three years after the MPMan—was anything but a first mover. How can we understand the iPod’s success despite its delayed entry? In 1997, the late Steve Jobs returned to Apple, the company he had co-founded as a college dropout, as interim CEO. As the Internet bubble grew, Apple was hungry for growth. Only a sliver of computer users had embraced its Mac offering. In 2001, Jobs noted: “Apple has about 5 percent market share today. Most of the other 95 percent of computer buyers don’t even consider us.”
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But its approach is timeless. iPod: Staged Expansion While the 1990s were rocky for former Apple CEO Steve Jobs, in the new century it seemed he could do no wrong. In chapter 6 we saw how Jobs constructed the iPod ecosystem. For his minimum viable ecosystem he carried over two elements from the Macintosh world—the Apple Store and the iTunes music management software—and waited for the other key elements—broadband and content—to arrive before he introduced his MP3 player into the marketplace. In 2001, the iPod player was rolled out. The MVE was in place. Apple’s first expansion of the iPod ecosystem came with the rollout of the iTunes music store in 2003, which offered consumers an easy way to purchase legal digital music.
Binge Times: Inside Hollywood's Furious Billion-Dollar Battle to Take Down Netflix by Dade Hayes, Dawn Chmielewski
activist fund / activist shareholder / activist investor, Airbnb, Albert Einstein, Amazon Web Services, AOL-Time Warner, Apollo 13, augmented reality, barriers to entry, Big Tech, borderless world, cloud computing, cognitive dissonance, content marketing, coronavirus, corporate raider, COVID-19, data science, digital rights, Donald Trump, Downton Abbey, Elon Musk, George Floyd, global pandemic, Golden age of television, haute cuisine, hockey-stick growth, invention of the telephone, Jeff Bezos, John Markoff, Jony Ive, late fees, lockdown, loose coupling, Marc Andreessen, Mark Zuckerberg, Mitch Kapor, Netflix Prize, Osborne effect, performance metric, period drama, Phoebe Waller-Bridge, QR code, reality distortion field, recommendation engine, remote working, Ronald Reagan, Salesforce, Saturday Night Live, Silicon Valley, skunkworks, Skype, Snapchat, social distancing, Steve Jobs, subscription business, tech bro, the long tail, the medium is the message, TikTok, Tim Cook: Apple, vertical integration, WeWork
It had been eight years since Walter Isaacson’s biography of Steve Jobs had tantalizingly hinted that Apple would do for television what it had done for computers, music players, and phones—make them simple and elegant. Jobs said his television would render complex remote controls obsolete. The yearned-for Apple TV set never materialized, although a prototype existed in Apple’s labs. The ailing Jobs would meet with executives in his Palo Alto home and discuss his vision for a television that could be controlled through voice and touch, said one former Apple executive. Internal design teams worked through various prototypes that would deliver on Jobs’s ambition to create a simplified TV interface.
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Building the audience into a state of frenzied anticipation, the Apple cofounder would culminate with the day’s big product news, casually underselling it as just “one more thing.” The days of Steve Jobs’s euphoric introductions of Apple’s “insanely great” creations were gone. Instead of chasing “the new hotness,” Cook favored iterating on the Apple TV set-top box the company had unveiled in 2006, betting that the comparatively inexpensive product could find its way into consumers’ living rooms. Launching a physical product is one thing. Bringing to life a rumored subscription video streaming service is another matter. It would fit neatly with Apple’s burgeoning, multibillion-dollar services business, which by March 2019 had brought in more revenue than sales of Mac computers and iPads combined.
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Chapter 15: “If You Want to Grab People’s Attention, You Have to Tease” Chapter 16: The IQ Test Part IV: The Incumbent Responds Chapter 17: Netflix Bets on Itself Part V: Meeting the Public Chapter 18: Liftoff Chapter 19: In Space, No One Can Hear You Stream Part VI: Navigating the Recovery Chapter 20: To Everything (Churn, Churn, Churn) Chapter 21: Amazon on the March Chapter 22: Paciencia y Fe Epilogue Acknowledgments Notes Index About the Authors Copyright About the Publisher Streamatis Personae Amazon Jeff Bezos, founder and executive chairman, former CEO Andy Jassy, CEO Mike Hopkins, senior vice president, Prime Video and Amazon Studios Jennifer Salke, head of Amazon Studios Albert Cheng, chief operating officer, co-head of television Roy Price, former head of global video content and Amazon Studios Bob Berney, former head of marketing and distribution, Amazon Studios Apple Steve Jobs, late cofounder and CEO Tim Cook, CEO Zack Van Amburg, co-head of Apple TV+ Jamie Erlicht, co-head of Apple TV+ Eddy Cue, senior vice president, internet software and services AT&T/WarnerMedia Randall Stephenson, former CEO, AT&T John Stankey, CEO, AT&T; former CEO, WarnerMedia Jason Kilar, CEO, WarnerMedia Andy Forssell, executive vice president and general manager, WarnerMedia direct-to-consumer Bob Greenblatt, former chairman, WarnerMedia Kevin Reilly, former chief content officer, HBO Max Jeremy Legg, former chief technology officer, WarnerMedia Richard Plepler, former chairman and CEO, HBO Comcast/NBCUniversal Brian Roberts, CEO, Comcast Steve Burke, former CEO, NBCUniversal Bonnie Hammer, vice chairman, NBCUniversal Matt Strauss, chairman, direct-to-consumer and international Jeff Shell, CEO, NBCUniversal Netflix Reed Hastings, cofounder, co-CEO Marc Randolph, cofounder, former CEO Ted Sarandos, co-CEO Cindy Holland, former vice president, content acquisition and original series Bela Bajaria, vice president, content Scott Stuber, vice president, original films Neil Hunt, former chief product officer Patty McCord, former head of HR Quibi Jeffrey Katzenberg, founder Meg Whitman, CEO Roku Anthony Wood, founder, CEO Scott Rosenberg, senior vice president, platform business The Walt Disney Co.
Anything You Want: 40 Lessons for a New Kind of Entrepreneur by Derek Sivers
business process, Silicon Valley, Steve Jobs
We all went into a little presentation room, not knowing what to expect. Then out came Steve Jobs. Whoa! Wow. He was in full persuasive presentation mode—trying to convince all of us to give Apple our entire catalog of music, talking about iTunes’ success so far, and all the reasons we should work with Apple. He made a point of saying, “We want the iTunes Music Store to have every piece of music ever recorded. Even if it’s discontinued or not selling much, we want it all.” This was huge to me, because until 2003, independent musicians were always denied access to the big outlets. For Apple to sell all music, not just music from artists who had signed their rights away to a corporation—this was amazing!
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But there was one problem. iTunes wasn’t getting back to us. Yahoo!, Rhapsody, Napster, and the rest were all up and running. But iTunes wasn’t returning our signed contract. Was it because I had posted my meeting notes? Had I pissed off Steve Jobs? Nobody at Apple would say anything. It had been months. My musicians were getting impatient and angry. I gave optimistic apologies, but I was starting to get worried, too. A month later, Steve Jobs did a special worldwide simulcast keynote speech about iTunes. People had been criticizing iTunes for having less music than the competition. They had 400,000 songs, while Rhapsody and Napster had more than 2 million songs.
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When you sign up to run a marathon, you don’t want a taxi to take you to the finish line. The day Steve Jobs dissed me in a keynote In May 2003, Apple invited me to their headquarters to discuss getting CD Baby’s catalog into the iTunes Music Store. iTunes had just launched two weeks before, with only some music from the major labels. Many of us in the music biz—especially those who had seen companies like eMusic use this exact same model for years without much success—were not sure this idea was going to work. I flew to Cupertino, California, thinking I’d be meeting with one of Apple’s marketing or tech people. When I arrived, I found out that about a hundred people from small record labels and distributors had also been invited.
Matchmakers: The New Economics of Multisided Platforms by David S. Evans, Richard Schmalensee
Airbnb, Alvin Roth, Andy Rubin, big-box store, business process, cashless society, Chuck Templeton: OpenTable:, creative destruction, Deng Xiaoping, digital divide, disruptive innovation, if you build it, they will come, information asymmetry, Internet Archive, invention of movable type, invention of the printing press, invention of the telegraph, invention of the telephone, Jean Tirole, John Markoff, Lyft, M-Pesa, market friction, market microstructure, Max Levchin, mobile money, multi-sided market, Network effects, PalmPilot, Productivity paradox, profit maximization, purchasing power parity, QR code, ride hailing / ride sharing, sharing economy, Silicon Valley, Snapchat, Steve Jobs, the long tail, Tim Cook: Apple, transaction costs, two-sided market, Uber for X, uber lyft, ubercab, vertical integration, Victor Gruen, Wayback Machine, winner-take-all economy
See Jay Yarow, “Google Is Reportedly Trying to Get a Bigger Slice of Android App Revenue,” Business Insider, June 28, 2013, http://www.businessinsider.com/google-play-store-revenue-2013-6; Vogelstein, Dogfight, 121. 42. Isaacson, Steve Jobs, 500–502. 43. Arnold Kim, “Steve Jobs Announces Third Party SDK for iPhone for February 2008,” MacRumors, October 17, 2007, http://www.macrumors.com/2007/10/17/steve-jobs-announces-3rd-party-sdk-for-iphone-for-february-2008/; Apple Hot News (archived October 18, 2007), “Third Party Applications on the iPhone,” Internet Archive Wayback Machine, https://web.archive.org/web/20071018221832/ http://www.apple.com/hotnews/. 44. Nielsen Informate, “International Smartphone Mobility Report,” March 2015, http://informatemi.com/final_download_report.php?
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He couldn’t get the company to approve a mobile phone app because it would cannibalize its thirty-year-old legacy technology.25 The Symbian experience showed Apple and Google that just starting a two-sided platform and securing customers on both sides wouldn’t be enough. The platform would also have to nurture a healthy ecosystem around it. Symbian couldn’t do that. If anything, Symbian contributed to making its ecosystem more dysfunctional. In 2005, when Apple and Google started looking into how to reduce the frictions in the mobile phone business, it wasn’t obvious what sort of platform they should build or how they should go about nurturing a healthy ecosystem around it. Maybe One Side Is Enough Steve Jobs, having created a highly successful music business around the iPod, was worried: “The device that can eat our lunch is the cell phone.”26 People wouldn’t need iPods if handset makers built music players into them.
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Since AT&T’s share of US mobile connections in the second quarter of 2007 was only 26.2 percent, the iPhone wasn’t available to 73.8 percent of subscribers unless they switched carriers.32 The iPhone was thus a single-sided business when Apple made the first iPhone available on June 29, 2007. Apple made the handset, the operating system, and most of the apps. It just needed to get the subscribers of the mobile carriers, the ones it did exclusive deals with, to buy its new phone. Herding Cats Larry Page was as worried about the mobile phone as Steve Jobs, but for a different reason.33 Google made its money serving ads on the web that people accessed from desktop computers. With the explosion in mobile devices, Page thought it was clear that most people were eventually going to move from fixed to mobile devices.
Ctrl Alt Delete: Reboot Your Business. Reboot Your Life. Your Future Depends on It. by Mitch Joel
3D printing, Amazon Web Services, augmented reality, behavioural economics, call centre, clockwatching, cloud computing, content marketing, digital nomad, do what you love, Firefox, future of work, gamification, ghettoisation, Google Chrome, Google Glasses, Google Hangouts, Khan Academy, Kickstarter, Kodak vs Instagram, Lean Startup, Marc Andreessen, Marc Benioff, Mark Zuckerberg, Network effects, new economy, Occupy movement, place-making, prediction markets, pre–internet, QR code, recommendation engine, Richard Florida, risk tolerance, Salesforce, self-driving car, Silicon Valley, Silicon Valley startup, Skype, social graph, social web, Steve Jobs, Steve Wozniak, TechCrunch disrupt, TED Talk, the long tail, Thomas L Friedman, Tim Cook: Apple, Tony Hsieh, vertical integration, white picket fence, WikiLeaks, zero-sum game
Even in open environments, remember that headphones are the new DO NOT DISTURB sign. Lesson #3—Create more collisions. Apple’s new campus (which is due to be completed in 2016) will cover close to three million square feet and hold up to thirteen thousand Apple employees. The headquarters (based in Cupertino, California) will also house its own power plant and over six thousand trees. The design has been called a “spaceship,” and reading the Steve Jobs biography by Walter Isaacson tells us there’s a powerful reason for its circular shape: Steve Jobs loved moments of collision. The biography tells the tale of Pixar’s headquarters where the bathrooms were something of a hike for the majority of employees.
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And what this data indicates is that the one-screen world is not a possible trend but an inevitability that has already taken place, and that the growth continues at an exponential pace. When Apple CEO Tim Cook took to the stage at the Yerba Buena Center for the Arts on March 7, 2012, many people were waiting to see both how Cook would handle the first major release from Apple in a post–Steve Jobs world and what the rumored iPad would be capable of, as the iPad 2 was still selling well. Beyond a smooth performance and a new iPad that featured Retina Display with a faster computer processor (dual-core A5X processor with quad-core graphics, thank you very much), few picked up on the staggering data point that Cook enlightened us all with. Apple sold over fifteen million iPads in the first quarter of 2012.
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In it, author Henry Bloget reported that two-thirds of Apple’s revenue came from products that were invented from 2007 onward. One of the most memorable lines out of Walter Isaacson’s biography of Steve Jobs was this quote: “If you don’t cannibalize yourself, someone else will.” The question becomes this: Is there a critical path or road map for the rest of us? Is it really possible for the rest of us to be as innovative and risk-taking as Apple? If it were possible, then Apple would not seem to be so different, brave, and bold. That being said, there are some common threads that weave through the most entrepreneurial individuals and organizations. For some this involves their ability to embrace new business models; for others it’s the ability to respect the business owners that they have become, while still embracing their internal entrepreneurs (and letting that mindset roam free).
Zero to One: Notes on Startups, or How to Build the Future by Peter Thiel, Blake Masters
Airbnb, Alan Greenspan, Albert Einstein, Andrew Wiles, Andy Kessler, Berlin Wall, clean tech, cloud computing, crony capitalism, discounted cash flows, diversified portfolio, do well by doing good, don't be evil, Elon Musk, eurozone crisis, Fairchild Semiconductor, heat death of the universe, income inequality, Jeff Bezos, Larry Ellison, Lean Startup, life extension, lone genius, Long Term Capital Management, Lyft, Marc Andreessen, Mark Zuckerberg, Max Levchin, minimum viable product, Nate Silver, Network effects, new economy, Nick Bostrom, PalmPilot, paypal mafia, Peter Thiel, pets.com, power law, profit motive, Ralph Waldo Emerson, Ray Kurzweil, self-driving car, shareholder value, Sheryl Sandberg, Silicon Valley, Silicon Valley startup, Singularitarianism, software is eating the world, Solyndra, Steve Jobs, strong AI, Suez canal 1869, tech worker, Ted Kaczynski, Tesla Model S, uber lyft, Vilfredo Pareto, working poor
Branding A company has a monopoly on its own brand by definition, so creating a strong brand is a powerful way to claim a monopoly. Today’s strongest tech brand is Apple: the attractive looks and carefully chosen materials of products like the iPhone and MacBook, the Apple Stores’ sleek minimalist design and close control over the consumer experience, the omnipresent advertising campaigns, the price positioning as a maker of premium goods, and the lingering nimbus of Steve Jobs’s personal charisma all contribute to a perception that Apple offers products so good as to constitute a category of their own. Many have tried to learn from Apple’s success: paid advertising, branded stores, luxurious materials, playful keynote speeches, high prices, and even minimalist design are all susceptible to imitation.
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But by then Gates’s enemies had already deprived his company of the full engagement of its founder, and Microsoft entered an era of relative stagnation. Today Gates is better known as a philanthropist than a technologist. THE RETURN OF THE KING Just as the legal attack on Microsoft was ending Bill Gates’s dominance, Steve Jobs’s return to Apple demonstrated the irreplaceable value of a company’s founder. In some ways, Steve Jobs and Bill Gates were opposites. Jobs was an artist, preferred closed systems, and spent his time thinking about great products above all else; Gates was a businessman, kept his products open, and wanted to run the world. But both were insider/outsiders, and both pushed the companies they started to achievements that nobody else would have been able to match.
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Grossman and David Gahr/Getty Images 14.5: Jim Morrison, Elektra Records and CBS via Getty Images 14.5: Kurt Cobain, Frank Micelotta/Stringer/Getty Images 14.5: Amy Winehouse, flickr user teakwood, used under CC BY-SA 14.6: Howard Hughes, Bettmann/CORBIS 14.6: magazine cover, TIME, a division of Time Inc. 14.7: Bill Gates, Doug Wilson/CORBIS 14.7: magazine cover, Newsweek 14.8: Steve Jobs, 1984, Norman Seeff 14.8: Steve Jobs, 2004, Contour by Getty Images Index Page numbers in italics refer to illustrations. Abound Solar Accenture advertising, 3.1, 11.1, 11.2, 11.3 Afghanistan Airbnb airline industry Allen, Paul Amazon, 2.1, 5.1, 5.2, 6.1, 12.1 Amundsen, Roald Andreessen, Horowitz Andreessen, Marc Anna Karenina (Tolstoy) antitrust Apollo Program Apple, 4.1, 5.1, 5.2, 6.1, 14.1 branding of monopoly profits of Aristotle Army Corps of Engineers AT&T Aztecs Baby Boomers Bacon, Francis Bangladesh Barnes & Noble Beijing Bell Labs Berlin Wall Better Place Bezos, Jeff, 5.1, 6.1 big data Bill of Rights, U.S.
So Good They Can't Ignore You: Why Skills Trump Passion in the Quest for Work You Love by Cal Newport
adjacent possible, Apple II, bounce rate, business cycle, Byte Shop, Cal Newport, capital controls, clean tech, Community Supported Agriculture, deal flow, deliberate practice, do what you love, financial independence, follow your passion, Frank Gehry, information asymmetry, job satisfaction, job-hopping, knowledge worker, Mason jar, medical residency, new economy, passive income, Paul Terrell, popular electronics, renewable energy credits, Results Only Work Environment, Richard Bolles, Richard Feynman, rolodex, Sand Hill Road, side project, Silicon Valley, Skype, Steve Jobs, Steve Wozniak, Stuart Kauffman, TED Talk, web application, winner-take-all economy
Rule #1 is dedicated to laying out my argument against passion, as this insight—that “follow your passion” is bad advice—provides the foundation for everything that follows. Perhaps the best place to start is where we began, with the real story of Steve Jobs and the founding of Apple Computer. Do What Steve Jobs Did, Not What He Said If you had met a young Steve Jobs in the years leading up to his founding of Apple Computer, you wouldn’t have pegged him as someone who was passionate about starting a technology company. Jobs had attended Reed College, a prestigious liberal arts enclave in Oregon, where he grew his hair long and took to walking barefoot.
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Jobs jumped at the opportunity to make an even larger amount of money and began scrounging together start-up capital. It was in this unexpected windfall that Apple Computer was born. As Young emphasizes, “Their plans were circumspect and small-time. They weren’t dreaming of taking over the world.” The Messy Lessons of Jobs I shared the details of Steve Jobs’s story, because when it comes to finding fulfilling work, the details matter. If a young Steve Jobs had taken his own advice and decided to only pursue work he loved, we would probably find him today as one of the Los Altos Zen Center’s most popular teachers. But he didn’t follow this simple advice. Apple Computer was decidedly not born out of passion, but instead was the result of a lucky break—a “small-time” scheme that unexpectedly took off.
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In Rule #1, I provided several examples of people who had great jobs and love (or loved) what they do—so we can draw from there. Among others, I introduced Apple founder Steve Jobs, radio host Ira Glass, and master surfboard shaper Al Merrick. Using this trio as our running example, I can now ask what it is specifically about these three careers that makes them so compelling? Here are the answers that I came up with: TRAITS THAT DEFINE GREAT WORK Creativity: Ira Glass, for example, is pushing the boundaries of radio, and winning armfuls of awards in the process. Impact: From the Apple II to the iPhone, Steve Jobs has changed the way we live our lives in the digital age. Control: No one tells Al Merrick when to wake up or what to wear.
The Crux by Richard Rumelt
activist fund / activist shareholder / activist investor, air gap, Airbnb, AltaVista, AOL-Time Warner, Bayesian statistics, behavioural economics, biodiversity loss, Blue Ocean Strategy, Boeing 737 MAX, Boeing 747, Charles Lindbergh, Clayton Christensen, cloud computing, cognitive bias, commoditize, coronavirus, corporate raider, COVID-19, creative destruction, crossover SUV, Crossrail, deep learning, Deng Xiaoping, diversified portfolio, double entry bookkeeping, drop ship, Elon Musk, en.wikipedia.org, financial engineering, Ford Model T, Herman Kahn, income inequality, index card, Internet of things, Jeff Bezos, Just-in-time delivery, Larry Ellison, linear programming, lockdown, low cost airline, low earth orbit, Lyft, Marc Benioff, Mark Zuckerberg, Masayoshi Son, meta-analysis, Myron Scholes, natural language processing, Neil Armstrong, Network effects, packet switching, PageRank, performance metric, precision agriculture, RAND corporation, ride hailing / ride sharing, Salesforce, San Francisco homelessness, search costs, selection bias, self-driving car, shareholder value, sharing economy, Silicon Valley, Skype, Snapchat, social distancing, SoftBank, software as a service, statistical model, Steve Ballmer, Steve Jobs, stochastic process, Teledyne, telemarketer, TSMC, uber lyft, undersea cable, union organizing, vertical integration, WeWork
And to have strategic insights. Steve Jobs was famous for not worrying much about Apple’s stock price. How did Steve Jobs manage Apple? He was not an engineer himself, yet he guided Apple into being one of the great engineering companies, in the true sense of what it means to “engineer.” Competitors raced to be first to market or to include the most features in their products, but they tended to create products that were clunky and awkward in comparison to Apple’s. Many people and companies want to emulate Apple and study what the company has done. In trying to learn from Steve Jobs’s Apple, it is useful to pay attention to what he did not do.
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Luckily, I was able to watch and learn something from leaders who were skilled strategists: • like Pierre Wack, the legendary head of strategy at Shell, who taught me to see the correlations among the elements of a situation and to be alert for whipsaws as trends overshoot and rebound • like Steve Jobs of Apple, whose brutal honesty let him cut through layers of baloney and grab the crux of a situation (and annoy many people around him) • like Andy Marshall (Office of Net Assessment/Department of Defense) who had a fine instinct for defining the competition at just the right level to change the conversation for the better (his paper on redefining the Cold War situation as a long-term competition between the United States and the Soviet Union was pivotal in moving US policy makers away from an armaments view to one that encompassed economic and social dimensions) • like Andy Bryant, the board chair of Intel who understood how size and complexity can compete with having the technological edge • like Simon Galbraith of Redgate Software, whose natural talent for diagnosis led him to a canvas larger than a single business These general managers, and others, did things differently, and, over time, I began to get a feel for the broad outlines of that difference.
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Amazon began to greatly improve its logistics system and offered the Marketplace sellers use of its warehouse and shipping services. It was an offer of marriage most could not refuse. And its continued expansion into more and more products countered threats from almost all suppliers. Another case of seeing the crux was Apple management realizing that Steve Jobs’s devotion to doing everything in-house was in stark conflict with the concept of an app store. They began to realize that opening up the iPhone’s app store to outside programmers would produce enormous competition among app makers, driving down their prices, increasing their quality through comparison, and thereby increasing the value of each iPhone.
Palo Alto: A History of California, Capitalism, and the World by Malcolm Harris
2021 United States Capitol attack, Aaron Swartz, affirmative action, air traffic controllers' union, Airbnb, Alan Greenspan, Alvin Toffler, Amazon Mechanical Turk, Amazon Web Services, Apple II, Apple's 1984 Super Bowl advert, back-to-the-land, bank run, Bear Stearns, Big Tech, Bill Gates: Altair 8800, Black Lives Matter, Bob Noyce, book scanning, British Empire, business climate, California gold rush, Cambridge Analytica, capital controls, Charles Lindbergh, classic study, cloud computing, collective bargaining, colonial exploitation, colonial rule, Colonization of Mars, commoditize, company town, computer age, conceptual framework, coronavirus, corporate personhood, COVID-19, cuban missile crisis, deindustrialization, Deng Xiaoping, desegregation, deskilling, digital map, double helix, Douglas Engelbart, Edward Snowden, Elon Musk, Erlich Bachman, estate planning, European colonialism, Fairchild Semiconductor, financial engineering, financial innovation, fixed income, Frederick Winslow Taylor, fulfillment center, future of work, Garrett Hardin, gentrification, George Floyd, ghettoisation, global value chain, Golden Gate Park, Google bus, Google Glasses, greed is good, hiring and firing, housing crisis, hydraulic fracturing, if you build it, they will come, illegal immigration, immigration reform, invisible hand, It's morning again in America, iterative process, Jeff Bezos, Joan Didion, John Markoff, joint-stock company, Jony Ive, Kevin Kelly, Kickstarter, knowledge worker, land reform, Larry Ellison, Lean Startup, legacy carrier, life extension, longitudinal study, low-wage service sector, Lyft, manufacturing employment, Marc Andreessen, Marc Benioff, Mark Zuckerberg, Marshall McLuhan, Max Levchin, means of production, Menlo Park, Metcalfe’s law, microdosing, Mikhail Gorbachev, military-industrial complex, Monroe Doctrine, Mont Pelerin Society, moral panic, mortgage tax deduction, Mother of all demos, move fast and break things, mutually assured destruction, new economy, Oculus Rift, off grid, oil shale / tar sands, PageRank, PalmPilot, passive income, Paul Graham, paypal mafia, Peter Thiel, pets.com, phenotype, pill mill, platform as a service, Ponzi scheme, popular electronics, power law, profit motive, race to the bottom, radical life extension, RAND corporation, Recombinant DNA, refrigerator car, Richard Florida, ride hailing / ride sharing, rising living standards, risk tolerance, Robert Bork, Robert Mercer, Robert Metcalfe, Ronald Reagan, Salesforce, San Francisco homelessness, Sand Hill Road, scientific management, semantic web, sexual politics, Sheryl Sandberg, Silicon Valley, Silicon Valley ideology, Silicon Valley startup, social web, SoftBank, software as a service, sovereign wealth fund, special economic zone, Stanford marshmallow experiment, Stanford prison experiment, stem cell, Steve Bannon, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, stock buybacks, strikebreaker, Suez canal 1869, super pumped, TaskRabbit, tech worker, Teledyne, telemarketer, the long tail, the new new thing, thinkpad, Thorstein Veblen, Tim Cook: Apple, Tony Fadell, too big to fail, Toyota Production System, Tragedy of the Commons, transcontinental railway, traumatic brain injury, Travis Kalanick, TSMC, Uber and Lyft, Uber for X, uber lyft, ubercab, union organizing, Upton Sinclair, upwardly mobile, urban decay, urban renewal, value engineering, Vannevar Bush, vertical integration, Vision Fund, W. E. B. Du Bois, War on Poverty, warehouse robotics, Wargames Reagan, Washington Consensus, white picket fence, William Shockley: the traitorous eight, women in the workforce, Y Combinator, Y2K, Yogi Berra, éminence grise
No to P2P; yes to i. Along with John Ashcroft, Steve Jobs helped lead America’s B2K transition, and the internet has not changed back. The connection between Steve Jobs and Apple’s customer base is intense and bizarre, but it’s at most half the story: DESIGNED BY APPLE IN CALIFORNIA reads the most common label on the company’s products, followed by ASSEMBLED IN CHINA. Behind Apple’s success was another world-historical phenomenon: the rise of Chinese high-tech manufacturing. In 1998, Jobs hired a VP from leading compatibles producer Compaq named Tim Cook to build Apple’s offshore manufacturing relationships.
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Walter Isaacson, Steve Jobs (New York: Simon & Schuster, 2011), 90. 47. Walter Frick and Scott Berinato, “Apple: Luxury Brand or Mass Marketer?” Harvard Business Review, October 2, 2014, https://hbr.org/2014/10/apple-luxury-brand-or-mass-marketer. 48. Dawn Kawamoto, “Apple Acquires Next, Jobs,” CNET, December 20, 1996, https://www.cnet.com/tech/tech-industry/apple-acquires-next-jobs. 49. Alvy Ray Smith, A Biography of the Pixel (Cambridge, MA: MIT Press, 2021), 429. PARC star and Pixar leader Smith left a few years before the IPO. As to why, he recalls, “I had to get Steve Jobs out of my life.”
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This was the context for the 1979 show-and-tell between PARC and Apple that led to the Mac. The meetings were a condition Steve Jobs placed on a million-dollar investment from Xerox. A chance to buy 100,000 big shares of Apple at $10.50 was, in retrospect, quite the opportunity, but that wasn’t what the copier company was really after.10 The investment was a way for the bigger firm to secure a stake in what it hoped would be a contract manufacturer for the retail Alto. It wasn’t a crazy idea; Warner-owned Atari was making an unsuccessful pitch to IBM for the privilege of building a Blue microcomputer at the same time. Apple, however, had other plans, and Jobs was up front (if bratty), telling the PARC team that he had no intention of building the Xerox machine.
The Naked Presenter: Delivering Powerful Presentations With or Without Slides by Garr Reynolds
death from overwork, deliberate practice, fear of failure, Hans Rosling, index card, Kaizen: continuous improvement, karōshi / gwarosa / guolaosi, Mahatma Gandhi, Maui Hawaii, mirror neurons, Richard Feynman, Silicon Valley, Steve Jobs, TED Talk
Conversations, after all, are not one way. Admitting that it is a bit of a generalization, Sierra says, “If you’re using formal language in a lecture, learning book (or marketing message, for that Chapter 5 Sustain with Pace and Participation 147 Wow! eBook <WoweBook.Com> Presentation Tips from a Steve Jobs Keynote Apple’s Steve Jobs is a good example of someone who presents with the help of multimedia in an engaging style. It’s true that he has great products to talk about, but he is also incredibly skilled at presenting those products. Great content is a necessary condition, but it is not sufficient. Jobs has both solid content and excellent delivery skills.
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If we are not vehemently devoted to avoiding cognitive overload, we may end up preventing learning. Chapter 2 First Things First: Preparation 37 Wow! eBook <WoweBook.Com> Know your audience When I was working at Apple in Cupertino, California, I received an email forwarded from Steve Jobs’s office. The email was from the leader of a user group whose organization had received a presentation from one of Apple’s field engineers the day before. The user group leader was not happy with the presentation and decided to let the CEO of the firm know of his displeasure. My job was to investigate the problem and smooth things over with the user group.
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Nonetheless, I set up the equipment as planned. I mingled around and talked to many members before the presentation. They were gracious hosts, a common characteristic of Apple user groups. During this time I realized that my prepared talk—as good as I thought it was—was not going to be a good fit for this particular group. I was disappointed, but was determined to push ahead with my presentation. After all, I was from Apple and people expect a kind of “mini-me” version of a Steve Jobs presentation, don’t they? Still, somehow the projector-and-computer accompaniment did not feel right for the context. Chapter 5 Sustain with Pace and Participation 141 Wow!
Thinking Machines: The Inside Story of Artificial Intelligence and Our Race to Build the Future by Luke Dormehl
"World Economic Forum" Davos, Ada Lovelace, agricultural Revolution, AI winter, Albert Einstein, Alexey Pajitnov wrote Tetris, algorithmic management, algorithmic trading, AlphaGo, Amazon Mechanical Turk, Apple II, artificial general intelligence, Automated Insights, autonomous vehicles, backpropagation, Bletchley Park, book scanning, borderless world, call centre, cellular automata, Charles Babbage, Claude Shannon: information theory, cloud computing, computer vision, Computing Machinery and Intelligence, correlation does not imply causation, crowdsourcing, deep learning, DeepMind, driverless car, drone strike, Elon Musk, Flash crash, Ford Model T, friendly AI, game design, Geoffrey Hinton, global village, Google X / Alphabet X, Hans Moravec, hive mind, industrial robot, information retrieval, Internet of things, iterative process, Jaron Lanier, John Markoff, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, John von Neumann, Kickstarter, Kodak vs Instagram, Law of Accelerating Returns, life extension, Loebner Prize, machine translation, Marc Andreessen, Mark Zuckerberg, Menlo Park, Mustafa Suleyman, natural language processing, Nick Bostrom, Norbert Wiener, out of africa, PageRank, paperclip maximiser, pattern recognition, radical life extension, Ray Kurzweil, recommendation engine, remote working, RFID, scientific management, self-driving car, Silicon Valley, Skype, smart cities, Smart Cities: Big Data, Civic Hackers, and the Quest for a New Utopia, social intelligence, speech recognition, Stephen Hawking, Steve Jobs, Steve Wozniak, Steven Pinker, strong AI, superintelligent machines, tech billionaire, technological singularity, The Coming Technological Singularity, The Future of Employment, Tim Cook: Apple, Tony Fadell, too big to fail, traumatic brain injury, Turing machine, Turing test, Vernor Vinge, warehouse robotics, Watson beat the top human players on Jeopardy!
It’s still a data problem, just an inverse one. What makes someone creative is the ability to recognise that they are on the right lines with a certain idea. Shortly after he returned to Apple in 1997, Steve Jobs described innovation as the ability to say no to 1,000 possible ideas. ‘You have to pick carefully,’ he said. ‘I’m actually as proud of the things we haven’t done as the things I have done.’ Steve Jobs eventually led Apple to create iTunes, the iPod, the iPhone and the iPad, but before he did this he said no to dozens of other products the company had been working on in his absence. Fortunately, machines are getting better at this task, too.
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It could, for instance, pull concert data from StubHub, movie reviews from Rotten Tomatoes, restaurant data from Yelp, and order taxis through TaxiMagic. In April 2010, Apple acquired the company for an amount reported to be around $200 million. Under the guidance of Steve Jobs (one of the last projects he was heavily involved with before stepping down as Apple’s CEO as his health worsened), several modifications were made to Siri. Much as Apple had done thirty years earlier with its graphical user interface, Jobs played up the friendliness and accessibility of the AI assistant. He insisted on giving it spoken responses – which the original Siri app had not had – and got rid of the ability to type requests as well as just ask them, so as not to complicate the experience of using it.
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In all their ‘bigger, taller, heavier’ grandeur, they speak to the final days of an age that was, unbeknownst to attendees of the fair, coming to a close. The Age of Industry was on its way out, to be superseded by the personal computer-driven Age of Information. For those children born in 1964 and after, digits would replace rivets in their engineering dreams. Apple’s Steve Jobs was only nine years old at the time of the New York World’s Fair. Google’s co-founders, Larry Page and Sergey Brin, would not be born for close to another decade; Facebook’s Mark Zuckerberg for another ten years after that. As it turned out, the most forward-looking section of Flushing Meadows Corona Park turned out to be the exhibit belonging to International Business Machines Corporation, better known as IBM.
Elon Musk by Walter Isaacson
4chan, activist fund / activist shareholder / activist investor, Airbnb, Albert Einstein, AltaVista, Apollo 11, Apple II, Apple's 1984 Super Bowl advert, artificial general intelligence, autism spectrum disorder, autonomous vehicles, basic income, Big Tech, blockchain, Boston Dynamics, Burning Man, carbon footprint, ChatGPT, Chuck Templeton: OpenTable:, Clayton Christensen, clean tech, Colonization of Mars, computer vision, Computing Machinery and Intelligence, coronavirus, COVID-19, crowdsourcing, cryptocurrency, deep learning, DeepMind, Demis Hassabis, disinformation, Dogecoin, Donald Trump, Douglas Engelbart, drone strike, effective altruism, Elon Musk, estate planning, fail fast, fake news, game design, gigafactory, GPT-4, high-speed rail, hiring and firing, hive mind, Hyperloop, impulse control, industrial robot, information security, Jeff Bezos, Jeffrey Epstein, John Markoff, John von Neumann, Jony Ive, Kwajalein Atoll, lab leak, large language model, Larry Ellison, lockdown, low earth orbit, Marc Andreessen, Marc Benioff, Mars Society, Max Levchin, Michael Shellenberger, multiplanetary species, Neil Armstrong, Network effects, OpenAI, packet switching, Parler "social media", paypal mafia, peer-to-peer, Peter Thiel, QAnon, Ray Kurzweil, reality distortion field, remote working, rent control, risk tolerance, Rubik’s Cube, Salesforce, Sam Altman, Sam Bankman-Fried, San Francisco homelessness, Sand Hill Road, Saturday Night Live, self-driving car, seminal paper, short selling, Silicon Valley, Skype, SpaceX Starlink, Stephen Hawking, Steve Jobs, Steve Jurvetson, Steve Wozniak, Steven Levy, Streisand effect, supply-chain management, tech bro, TED Talk, Tesla Model S, the payments system, Tim Cook: Apple, universal basic income, Vernor Vinge, vertical integration, Virgin Galactic, wikimedia commons, William MacAskill, work culture , Y Combinator
“We were changing the engines while the plane was spiraling out of control,” he says of Twitter. “It’s a miracle we survived.” Apple visit “Apple has mostly stopped advertising on Twitter,” Musk tweeted at the end of November. “Do they hate free speech in America?” That evening, Musk had one of his regular long phone conversations with his mentor and investor Larry Ellison, who was then living mainly on Lanai, the island he owned in Hawaii. Ellison, who had been a mentor of Steve Jobs, gave Musk a piece of advice: he should not get into a fight with Apple. It was the one company that Twitter could not afford to alienate. Apple was a major advertiser. More importantly, Twitter could not survive unless it continued to be available in the iPhone’s App Store.
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“He is a drama magnet,” says Kimbal. “That’s his compulsion, the theme of his life.” * * * When I was reporting on Steve Jobs, his partner Steve Wozniak said that the big question to ask was Did he have to be so mean? So rough and cruel? So drama-addicted? When I turned the question back to Woz at the end of my reporting, he said that if he had run Apple, he would have been kinder. He would have treated everyone there like family and not summarily fired people. Then he paused and added, “But if I had run Apple, we may never have made the Macintosh.” And thus the question about Elon Musk: Could he have been more chill and still be the one launching us toward Mars and an electric-vehicle future?
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“The vision was that we would create designers who thought like engineers and engineers who thought like designers,” von Holzhausen says. This followed the principle that Steve Jobs and Jony Ive had instilled at Apple: design is not just about aesthetics; true industrial design must connect the looks of a product to its engineering. “In most people’s vocabularies, design means veneer,” Jobs once explained. “Nothing could be further from the meaning of design. Design is the fundamental soul of a man-made creation that ends up expressing itself in successive outer layers.” Friendly design There was another principle that came out of Apple’s design studio. When Jony Ive conceived the candy-colored, friendly iMac in 1998, he included a recessed handle.
User Friendly by Cliff Kuang, Robert Fabricant
A Pattern Language, Abraham Maslow, Airbnb, anti-communist, Any sufficiently advanced technology is indistinguishable from magic, Apple II, augmented reality, autonomous vehicles, behavioural economics, Bill Atkinson, Brexit referendum, Buckminster Fuller, Burning Man, business logic, call centre, Cambridge Analytica, Chuck Templeton: OpenTable:, cognitive load, computer age, Daniel Kahneman / Amos Tversky, dark pattern, data science, Donald Trump, Douglas Engelbart, Douglas Engelbart, driverless car, Elaine Herzberg, en.wikipedia.org, fake it until you make it, fake news, Ford Model T, Frederick Winslow Taylor, frictionless, Google Glasses, Internet of things, invisible hand, James Dyson, John Markoff, Jony Ive, knowledge economy, Kodak vs Instagram, Lyft, M-Pesa, Mark Zuckerberg, mobile money, Mother of all demos, move fast and break things, Norbert Wiener, Paradox of Choice, planned obsolescence, QWERTY keyboard, randomized controlled trial, replication crisis, RFID, scientific management, self-driving car, seminal paper, Silicon Valley, skeuomorphism, Skinner box, Skype, smart cities, Snapchat, speech recognition, Steve Jobs, Steve Wozniak, tacit knowledge, Tesla Model S, three-martini lunch, Tony Fadell, Uber and Lyft, Uber for X, uber lyft, Vannevar Bush, women in the workforce
The interface, which depicted green leaves sprouting when drivers went easy on the gas and brakes, provided positive, emotional reinforcement of environmentally friendly driving practices—an early attempt to fuse user-friendly design and sustainability. 2007: IPHONE MULTI-TOUCH SCREEN, Apple Before the iPhone was announced, Apple was worth $74 billion; by 2018, it was worth over $1 trillion. Steve Jobs had always dreamed of increasingly natural ways of interfacing with computers. In the iPhone, which served the functions of at least half a dozen different devices, his company finally hit on one that made computers not only personal but ever present. But in doing so, Apple brought forth a world of constant access and distraction whose consequences are still unfolding. 2008: APP STORE, Apple The iPhone may have been the first, most important step, but it was the App Store that unleashed the mobile revolution.
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It’s what transformed the minicomputer into the personal computer: from command lines glowing coldly on black screens to operating systems that sit on almost every office desk in the world. It’s what made computing the glue of the modern knowledge economy. The story goes that Steve Jobs went for a demo at Xerox PARC, saw the future there, and more or less stole it. But it’s a story riddled with holes, starting with the obvious: How would Steve Jobs have even thought there was anything to steal in the first place? Bill Atkinson came to Apple in 1978, after Jobs had convinced him to quit his Ph.D. program in neuroscience at UC San Diego. He had become known for designing computer programs that made 3-D maps of mouse brains.
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In the middle lies a grove meant to recall the time, just fifty years ago, when Silicon Valley wasn’t Silicon Valley, but rather the Valley of Heart’s Delight, covered in 10 million fruit trees—apricot, cherry, peach, pear, and apple. It took Apple, the computing giant, years to buy up all that land in secret, assembling some sixteen different plots across fifty acres in a $5 billion jigsaw. If the building looks like a spaceship, then it’s one that lifted off directly from Steve Jobs’s imagination to land in the heart of an otherwise sleepy suburb. It was one of the last undertakings that the great man signed off on before he died. Every morning during the construction of Jobs’s last dream, Harlan Crowder woke up to the dull roar of heavy trucks on their way to the site, their alarms bleating as they nudged their loads into place.
The End of Work: Why Your Passion Can Become Your Job by John Tamny
Albert Einstein, Andy Kessler, Apollo 13, asset allocation, barriers to entry, basic income, Bernie Sanders, cloud computing, commoditize, David Ricardo: comparative advantage, do what you love, Downton Abbey, future of work, George Gilder, haute cuisine, income inequality, Jeff Bezos, knowledge economy, Larry Ellison, Mark Zuckerberg, Palm Treo, Peter Thiel, profit motive, Saturday Night Live, Silicon Valley, Stephen Hawking, Steve Ballmer, Steve Jobs, There's no reason for any individual to have a computer in his home - Ken Olsen, trickle-down economics, universal basic income, upwardly mobile, Yogi Berra
But when its CEO, Ken Olson, was asked about the personal desktop computer that rival IBM was readying for the market, he responded that “there is no reason for any individual to have a computer in their home.”40 At the time, Harvard dropout Bill Gates’s obscure startup, Microsoft, had thirty-eight employees.41 Gates plainly didn’t agree with Olson about the future of the personal computer, and neither did his eventual rival Steve Jobs, the Reed College dropout who founded Apple Computer in 1977.42 Four years later, Apple went public in the most oversubscribed initial public offering since 1956,43 turning three hundred Apple employees into millionaires. Not long after Apple went public, a pre-med student at the University of Texas named Michael Dell started PCs Limited out of his dorm room. Lacking funds to take on a lot of inventory, Dell hit on the idea of selling computers over the phone so he wouldn’t have to commit capital to equipment until he had actual orders.44 It’s a safe bet that most of those new Apple millionaires, like the tycoons at Apple’s competitors, had gone to college.
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Chapter Nine: Why We Need People with Money to Burn 1.Warren Brookes, The Economy in Mind (New York: Universe Books, 1982), p. 77. 2.Walter Isaacson, Steve Jobs (New York: Simon & Schuster, 2011), 407. 3.Ibid., 157. 4.David McCullough, The Wright Brothers (New York: Simon & Schuster, 2015), 34. 5.Ibid., 108. 6.Konstantin Kakaes, “New Directions,” Wall Street Journal, June 25–26, 2016. 7.Isaacson, Steve Jobs, 339. 8.Dawn Kawamoto, Ben Heskett, and Mike Ricciuti, “Microsoft to invest $150 million in Apple,” CNET, August 6, 1997. 9.Alexis Tsotsis, “Uber Gets $32 Million From Menlo Ventures, Jeff Bezos, and Goldman Sachs,” Tech Crunch, December 7, 2011. 10.Source: Forbes, http://www.forbes.com/profile/jeff-bezos/. 11.Peter Thiel with Blake Masters, Zero to One (New York: Crown Business, 2014), 84. 12.Noam Cohen, “Technology’s Trumpian Visions,” New York Times, July 27, 2016. 13.Enrico Moretti, The New Geography of Jobs (New York: Houghton Mifflin, 2012), 37. 14.Ibid., 13. 15.Ibid., 168. 16.Ibid., 52. 17.Ibid., 60. 18.Ibid., 62. 19.Michael Freeman, ESPN: The Uncensored History (Lanham, Md.: Taylor Trade Publishing, 2000), 58. 20.Ibid., 59. 21.Ibid. 22.Ibid., 7. 23.Ibid., 77. 24.Thomas Kessner, Capital City: New York City and the Men Behind Its Rise to Economic Dominance, 1860–1900 (New York: Simon & Schuster, 2003). 25.T.
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The Washington Post once confidently asserted, “It is a fact that man can’t fly.”4 Thank goodness the Wright Brothers not only ignored the naysayers but also had enough revenue from their bicycle shop to invest the considerable sum of one thousand dollars in their seemingly impossible aviation project.5 When the venture capitalist Ed Tuck set his mind to making GPS technology available to the general public, his search for investors led to eighty-six rejections before he found someone to help him bring Magellan GPS systems to market.6 But consider the unseen. How many advances have never seen the light of day because the wealth to back them wasn’t available? It’s hard to believe, now that Apple is the most valuable company on Earth, but when Steve Jobs returned from exile in 1997 to run the company he had co-founded, it was “less than ninety days from being insolvent.”7 Bill Gates, one of the world’s richest men, invested $150 million in Jobs’s return to Apple.8 How many more investments might Gates have made, how many more world-changing companies might he have saved, how many more global problems might his foundation have solved with the billions that he and Microsoft have handed over in taxes over the years?
The Man Behind the Microchip: Robert Noyce and the Invention of Silicon Valley by Leslie Berlin
Apple II, Bob Noyce, book value, business cycle, California energy crisis, Charles Babbage, collective bargaining, computer age, data science, Fairchild Semiconductor, George Gilder, Henry Singleton, informal economy, John Markoff, Kickstarter, laissez-faire capitalism, low skilled workers, means of production, Menlo Park, military-industrial complex, Murray Gell-Mann, open economy, prudent man rule, Richard Feynman, rolling blackouts, ROLM, Ronald Reagan, Sand Hill Road, seminal paper, Silicon Valley, Silicon Valley startup, Steve Jobs, Steve Wozniak, tech worker, Teledyne, Tragedy of the Commons, union organizing, vertical integration, War on Poverty, women in the workforce, Yom Kippur War
., 1989. Apple founding: Mike Markkula, interview by author; Steve Jobs, interview by author; Michael Moritz, The Little Kingdom: The Private Story of Apple Computer (New York: William Morrow and Co., 1984). Nothing else was in Intel’s interest: Mike Markkula, interview by author. Even a supplier-customer relationship between Intel and Apple failed to materialize. Wozniak had originally chosen a Motorola processor for Apple machines, and even though Markkula says he and Grove met several times to discuss whether a switch to an Intel chip was warranted, “the timing was never right,” and so Apple stayed with Motorola.
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Jobs at McKenna dinner: Ann Bowers, interview by author. Not very appealing: Arthur Rock quoted in “HBS [Harvard Business School] Working Knowledge,” http://hbswk.hbs.edu/pubitem.jhtml?id=1821&t= special_reports_donedeals Noyce and Jobs Seabee accident: Steve Jobs, interview by author. Remember personal things: Steve Jobs, interview by author. Apple Computer IPO: Apple Computer prospectus, 12 Dec. 1980. On Tandem: Smith, “Silicon Valley Spirit”; “The fall of an American Icon,” Business Week, 5 Feb. 1996. Compaq acquisition of Tandem: David Lazarus, “Compaq Boosts High End with Tandem Deal,” Inc., 23 June 1997.
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But he was equally 252 THE MAN BEHIND THE MICROCHIP convinced that Jobs and Wozniak were not the men to lead that market. This was especially true after Bowers brought home her first Apple in 1978, and she and Noyce spent much of the weekend on the phone to Mike Markkula trying to set it up properly. The Apple machine did not strike Noyce as the groundbreaking technical breakthrough necessary to bring computing power to the common man. But over time, Noyce’s feelings about Apple began to change. This was due, in no small measure, to Steve Jobs, who deliberately sought out Noyce as a mentor. ( Jobs also asked Jerry Sanders and Andy Grove if he could take them to lunch every quarter and “pick your brain.”)
The Participation Revolution: How to Ride the Waves of Change in a Terrifyingly Turbulent World by Neil Gibb
Abraham Maslow, Adam Neumann (WeWork), Airbnb, Albert Einstein, blockchain, Buckminster Fuller, call centre, carbon footprint, Clayton Christensen, collapse of Lehman Brothers, corporate social responsibility, creative destruction, crowdsourcing, data science, Didi Chuxing, disruptive innovation, Donald Trump, gentrification, gig economy, iterative process, Jeremy Corbyn, job automation, Joseph Schumpeter, Khan Academy, Kibera, Kodak vs Instagram, Mark Zuckerberg, Menlo Park, Minecraft, mirror neurons, Network effects, new economy, performance metric, ride hailing / ride sharing, shareholder value, side project, Silicon Valley, Silicon Valley startup, Skype, Snapchat, Steve Jobs, Susan Wojcicki, the scientific method, Thomas Kuhn: the structure of scientific revolutions, trade route, urban renewal, WeWork
So, in what many analysts at the time thought was an act of desperation, Apple’s board made a decision to buy NeXT, the company that Steve Jobs had set up after he was ousted from Apple back in 1985. Acquiring NeXT gave Apple a much-needed new operating system to work with – and a really good one at that. But far more crucially…it also gave it Steve Jobs. While Apple’s engineers were tasked with the job of modifying NeXT’s OS to work with its drab grey boxes, Jobs was given the job of turning the company around. And this is when he did something that would set Apple on course to become the most innovative, influential, and valuable company of the 21st century – and in so doing, pave the way for a generation of new companies that would soon start to transform the way the world worked.
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Bright, savvy customers like Jay know how to get a good deal. If she were thinking and acting like a normal customer, Apple would be toast. But she isn’t. Jay’s behaviour mirrors that of the Manchester United supporters on the terraces at Old Trafford. Jay isn’t an Apple customer, she is an Apple fan – which means she has a totally different relationship with the brand. This is what Apple – and particularly Steve Jobs, when he was at the helm – has known for years, and what Nokia totally missed when they opened their concept store. Apple doesn’t have customers, it has fans. And you don’t get fans simply by opening a flashy store.
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It also has the same root as the word “spiritual”. Steve Jobs engaged at a very deep and personal level. He called Apple “the largest start-up in the world” for a good reason. Under his leadership, its primary purpose was the fulfilment of its social mission. It was all about the why, not the what. In 1997, Apple was a failing computer company with a rapidly diminishing value of $3 billion. Nokia dominated the high-end mobile phone market. Kodak dominated the photography market. Palm and Handspring vied with each other in the hand-held market. Twenty years later, Apple’s iPhone dominated all three categories.
Dual Transformation: How to Reposition Today's Business While Creating the Future by Scott D. Anthony, Mark W. Johnson
activist fund / activist shareholder / activist investor, additive manufacturing, Affordable Care Act / Obamacare, Airbnb, Amazon Web Services, Andy Rubin, Apollo 13, asset light, autonomous vehicles, barriers to entry, behavioural economics, Ben Horowitz, Big Tech, blockchain, business process, business process outsourcing, call centre, Carl Icahn, Clayton Christensen, cloud computing, commoditize, corporate governance, creative destruction, crowdsourcing, death of newspapers, disintermediation, disruptive innovation, distributed ledger, diversified portfolio, driverless car, Internet of things, invention of hypertext, inventory management, Jeff Bezos, job automation, job satisfaction, Joseph Schumpeter, Kickstarter, late fees, Lean Startup, long term incentive plan, Lyft, M-Pesa, Marc Andreessen, Marc Benioff, Mark Zuckerberg, Minecraft, obamacare, Parag Khanna, Paul Graham, peer-to-peer lending, pez dispenser, recommendation engine, Salesforce, self-driving car, shareholder value, side project, Silicon Valley, SimCity, Skype, software as a service, software is eating the world, Steve Jobs, subscription business, the long tail, the market place, the scientific method, Thomas Kuhn: the structure of scientific revolutions, transfer pricing, uber lyft, Watson beat the top human players on Jeopardy!, Y Combinator, Zipcar
Be Willing to Wave Good-Bye to the Past We haven’t spent much time in this book detailing perhaps the most iconic transformations of the 1990s (IBM) and early 2000s (Apple). Both examples are well documented and indeed are powerful examples of dual transformation. And in both cases transformation A involved jettisoning key parts of the historic core business. In IBM’s case, over the past two decades, beyond substantial investments to create a services arm, the company exited the hard disk drive, printer, and personal computer markets. Apple cofounder Steve Jobs was known as a creation maestro, but his first set of actions when he returned to Apple in the late 1990s wasn’t to create; it was to destroy. He consolidated Apple’s complicated product portfolio to four products.
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Commercials, hilarious in retrospect, touted the fact that Rokr was the first handset that integrated Apple’s iTunes music software. Popular artists like Madonna and the Red Hot Chili Peppers poured into a phone booth and the voice-over intoned, “One hundred tunes in your pocket, baby.” One hundred tunes. Wow. It was clear from the beginning that then-Apple CEO Steve Jobs was ambivalent about the partnership. Just two weeks after the commercial launch, Jobs noted publicly, “We see it as something we can learn from. It was a way to put our toe in the water.” Apple had also filed a number of patents that would enable it to create a simple, elegant phone, such as its 2004 filing (granted in 2010) for a “capacitive touchscreen.”
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The great fun is doing what you do every day. I’m sort of a poster child for not sort of doing anything but what we do every day . . . We’re a very poorly diversified portfolio. It either goes to the moon or crashes to the Earth.” And crash both Nokia and RIM did. In January 2007 Steve Jobs announced, and in June Apple launched, the iPhone. Dubbed the “Jesus phone” by worshippers, the phone created a media firestorm and immediately started showing up in the hands of celebrities. In November, Google, along with a range of handset manufacturers, formed the Open Handset Alliance, powered by Google’s Android operating system.
The Elements of Power: Gadgets, Guns, and the Struggle for a Sustainable Future in the Rare Metal Age by David S. Abraham
"World Economic Forum" Davos, 3D printing, Airbus A320, Boeing 747, carbon footprint, circular economy, Citizen Lab, clean tech, clean water, commoditize, Deng Xiaoping, Elon Musk, en.wikipedia.org, Fairphone, geopolitical risk, gigafactory, glass ceiling, global supply chain, information retrieval, Intergovernmental Panel on Climate Change (IPCC), Internet of things, Large Hadron Collider, new economy, oil shale / tar sands, oil shock, planned obsolescence, reshoring, Robert Metcalfe, Ronald Reagan, Silicon Valley, Solyndra, South China Sea, Steve Ballmer, Steve Jobs, systems thinking, telemarketer, Tesla Model S, thinkpad, upwardly mobile, uranium enrichment, WikiLeaks, Y2K
Fred Vogelstein, “And Then Steve Said, ‘Let There Be an iPhone,’ ” New York Times, October 6, 2013, http://www.nytimes.com/2013/10/06/magazine/and-then-steve-said-let-there-be-an-iphone.html?pagewanted=all; Steve Jobs, “Steve Jobs: Complete Transcript of Steve Jobs, Macworld Conference and Expo, January 9, 2007,” Genius, January 9, 2007, http://genius.com/Steve-jobs-complete-transcript-of-steve-jobs-macworld-conference-and-expo-january-9-2007-annotated/. 4. Helen Walters, “A Sputnik Moment for STEM Education: Ainissa Ramirez at TED2012,” TED Blog, March 2, 2012, accessed November 2, 2014, http://blog.ted.com/2012/03/02/a-sputnik-moment-for-stem-education-ainissa-ramirez-at-ted2012/. 5.
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“There’s no chance that the iPhone is going to get any significant market share. No chance,” Ballmer prophesied during a CEO Forum before Steve Jobs released the iPhone in June 2007. But, by the end of the first week of sales, most storeroom shelves were bare; Apple and its AT&T partner sold hundreds of thousands of phones. The company was fast on its way to taking more than 20 percent of the smartphone market within just a few months.1 To those who waited in line outside Apple stores for a day or two to snap up the first phones—or paid others hundreds of dollars to wait for them—the iPhone was a revolution, the stuff of dreams.
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Geological Survey Scientific Investigations Report 2012–5215” (Reston, VA, 2012), available at http://pubs.usgs.gov/sir/2012/5215/. 10. Walter Isaacson, Steve Jobs (New York: Simon and Schuster, 2011). 11. C. Hagelüken, R. Drielsmann, and K. Ven den Broeck, “Availability of Metals and Materials,” in Precious Materials Handbook, Ulla Sehrt and Matthias Grehl, 10–35 (Hanau-Wolfgang, Germany: Umicore AG, 2012). 12. Michael Wolff, “Michael Wolff: Uber Invades the World,” USA-Today, June 14, 2014, http://www.usatoday.com/story/money/columnist/wolff/2014/06/14/the-rise-of-uber/10417655/; Brian Lam, “The Life of Steve Jobs,” Gizmodo, August 24, 2011, http://gizmodo.com/5301470/the-life-of-steve-jobs---so-far. 13. Michael Feroli, “Economics Web Note,” Morgan Markets, J.P.
One Click: Jeff Bezos and the Rise of Amazon.com by Richard L. Brandt
Amazon Web Services, automated trading system, big-box store, call centre, cloud computing, deal flow, drop ship, Dynabook, Elon Musk, Free Software Foundation, inventory management, Jeff Bezos, Kevin Kelly, Kickstarter, Larry Ellison, Marc Andreessen, new economy, Pershing Square Capital Management, science of happiness, search inside the book, Silicon Valley, Silicon Valley startup, skunkworks, software patent, Steve Jobs, Stewart Brand, Tony Hsieh, two-pizza team, Whole Earth Catalog, Y2K
Frox was developing “revolutionary” home entertainment systems, including the much-publicized Frox wand, a one-button universal remote. Frox had attracted engineers from Lucasfilm, Droidworks, Xerox PARC, Sun Microsystems, and Apple Computer. But Frox didn’t have the design flair of Steve Jobs. Kaphan lasted about three years, the company lasted twenty. In 1992 Kaphan joined Kaleida Labs, a joint venture between Apple and IBM, which created a digital multimedia player for computers, and wanted to create a similar program for television set-top boxes. Founded in 1991, it was folded into Apple in 1995. In the spring of 1994, just about the time Bezos was looking for an idea that he could turn into a good Web-based business, Herb and Shel were doing the same thing.
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Except for Web services, Bezos sold only physical goods in Amazon’s first decade. Then, on March 4, 2003, Apple’s Steve Jobs demonstrated that some physical products were unnecessary. The music CD was simply a way of delivering the real product, the music itself. But music can be digitized and shipped over the Internet without the cost of the physical CD or the expense of mailing. The iTunes music store was born. Sometime in 2004 Bezos had an Amazon executive approach Gregg Zehr, a hardware developer who had worked at Apple and at palmOne, which created the Palm personal digital assistant. The executive asked Zehr to start a new company in order to create a new electronic book reader for Amazon.
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This was, no doubt, due partly to the fact that Steve Jobs had already agreed to the agency model, which could have given Apple better access to e-books from placated publishers. On the other hand, in October 2010 Amazon offered to pay royalties of 70 percent to authors who self-publish through the Kindle store, compared to 25 percent from most publishers. For now, the Kindle still leads the market for e-book readers at its current price. Research company ChangeWave estimated that the Kindle had the largest share of the market in early 2011, at 47 percent. Apple’s iPad (which does much more than just read books and is more expensive) had a 32 percent share.
A People’s History of Computing in the United States by Joy Lisi Rankin
activist fund / activist shareholder / activist investor, Albert Einstein, Apple II, Bill Gates: Altair 8800, Charles Babbage, Compatible Time-Sharing System, computer age, Computer Lib, corporate social responsibility, digital divide, Douglas Engelbart, Douglas Engelbart, Grace Hopper, Hacker Ethic, Howard Rheingold, Howard Zinn, it's over 9,000, Jeff Bezos, John Markoff, John von Neumann, language acquisition, Mark Zuckerberg, Menlo Park, military-industrial complex, Mother of all demos, Multics, Network effects, Norbert Wiener, pink-collar, profit motive, public intellectual, punch-card reader, RAND corporation, Silicon Valley, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, Ted Nelson, the market place, urban planning, Whole Earth Catalog, wikimedia commons
MECC people reflected on their “awareness and appreciation” of computing, just as they praised the social aspects of their network, the rich “people- to- people contact.”34 Networked computing via time-sharing thrived in Minnesota, having been motivated by a desire to equally serve citizens across the state, to provide the “same opportunities in computing . . . to a rural resident as to anyone in the suburbs or Twin Cities.”35 Just as DEC had spurred sales of its time-sharing minicomputer systems by making them attractive to students and educators, Apple also targeted schools in the late 1970s. Steve Jobs later explained that “schools buying Apple IIs” was “one of the t hings that built Apple IIs.”36 Indeed, a MECC staff member who had attended a conference in California reported to his colleagues in Minnesota about the amazing Apple II computer he had seen, and MECC soon arranged to buy over five hundred of them from Jobs and Wozniak.37 MECC led the nation in placing microcomputers in its classrooms, and Apple gained an early and large share of the educational computing market; moreover, the long- ago decision to implement Dartmouth Time-Sharing with BASIC at UHigh in Minneapolis had important ramifications all these years later.38 MECC and its constituent members (such as TIES and MERITSS [Minnesota Educational 240 A People’s History of Computing in the United States Regional Interactive Time-Sharing System]) had been building a library of applications and games—w ritten in BASIC —since the 1960s.
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Increasingly, people would have to purchase computers and software (now, devices and apps) for their personal and social computing. BASIC also figures prominently in the history of Apple. Steve Wozniak produced his own “Integer BASIC” for his homemade computer, built around MOS Technology’s 6502 microprocessor chip; he shared Integer BASIC , and he even published programs in Dr. Dobb’s Journal.29 When Wozniak’s high school chum Steve Jobs saw the computer, he proposed they team up to assemble and sell them. They named the computer Apple, and soon began working on a new version, the Apple II. Although Apple declared its philosophy 238 A People’s History of Computing in the United States was “to provide software for our machines f ree or at minimal cost,” Apple sought (aggressively) to sell its hardware.30 W hether they w ere called home computers, hobby computers, microcomputers, or personal computers, they were consumer products, purveyed by Steve Jobs.
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Gates first learned to program in BASIC , the language on which he built his Microsoft empire. Wozniak adapted Tiny BASIC into Integer BASIC to program his homemade computer, the computer that attracted the partnership of Steve Jobs and launched Apple. And the Minnesota software library, mostly BASIC programs including The Oregon Trail, proved to be the ideal complement for the hardware of Apple Computers. During the 1980s, the combination of Apple hardware and MECC software 10 A People’s History of Computing in the United States cemented the transformation from computing citizens to computing consumers. The title of this work nods to Howard Zinn’s groundbreaking A People’s History of the United States.
The Business of Platforms: Strategy in the Age of Digital Competition, Innovation, and Power by Michael A. Cusumano, Annabelle Gawer, David B. Yoffie
activist fund / activist shareholder / activist investor, Airbnb, AltaVista, Amazon Web Services, AOL-Time Warner, asset light, augmented reality, autonomous vehicles, barriers to entry, bitcoin, blockchain, business logic, Cambridge Analytica, Chuck Templeton: OpenTable:, cloud computing, collective bargaining, commoditize, CRISPR, crowdsourcing, cryptocurrency, deep learning, Didi Chuxing, distributed ledger, Donald Trump, driverless car, en.wikipedia.org, fake news, Firefox, general purpose technology, gig economy, Google Chrome, GPS: selective availability, Greyball, independent contractor, Internet of things, Jeff Bezos, Jeff Hawkins, John Zimmer (Lyft cofounder), Kevin Roose, Lean Startup, Lyft, machine translation, Mark Zuckerberg, market fundamentalism, Metcalfe’s law, move fast and break things, multi-sided market, Network effects, pattern recognition, platform as a service, Ponzi scheme, recommendation engine, Richard Feynman, ride hailing / ride sharing, Robert Metcalfe, Salesforce, self-driving car, sharing economy, Silicon Valley, Skype, Snapchat, SoftBank, software as a service, sovereign wealth fund, speech recognition, stealth mode startup, Steve Ballmer, Steve Jobs, Steven Levy, subscription business, Susan Wojcicki, TaskRabbit, too big to fail, transaction costs, transport as a service, Travis Kalanick, two-sided market, Uber and Lyft, Uber for X, uber lyft, vertical integration, Vision Fund, web application, zero-sum game
Gates would soon enter the software applications business himself to grow the IBM-compatible PC market and take more of the profit, with Word, Excel, and PowerPoint. He did this first for Apple’s Macintosh computer, introduced in 1984, and then for DOS and Windows PCs, bundled in the Office suite from 1990. To encourage other companies to help expand demand for PCs, Gates also decided to give away for free the software development kit (SDK) needed to build applications for DOS and then Windows. By contrast, Apple cofounder and CEO Steve Jobs did not give away software development kits for free or try to build a broad applications market. Instead, he hired Microsoft in 1982 and paid Gates a $50,000 advance to write applications for the Macintosh personal computer, which was incompatible with DOS.5 Jobs also charged hundreds of dollars to developers who wanted to build Macintosh applications on their own.
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Selby, Microsoft Secrets (New York: Free Press/Simon & Schuster, 1995), 137, 158–59. 3.This information comes from a 1994 magazine interview with Bill Gates cited in Cusumano and Selby, Microsoft Secrets, 159. 4.David B. Yoffie and Michael A. Cusumano, Strategy Rules: Five Timeless Lessons from Bill Gates, Andy Grove, and Steve Jobs (New York: HarperBusiness, 2015), 98–100. 5.Manes and Andrews, Gates, 245–46. 6.For details, see “Did Apple not originally allow anyone to develop software for the Macintosh?” Stack Exchange Retrocomputing, https://retrocomputing.stackexchange.com/questions/2513/did-apple-not-originally-allow-anyone-to-develop-software-for-the-macintosh/2520?utm_medium=organic&utm_source=google_rich_qa&utm_campaign=google_rich_qa (accessed May 21, 2018). 7.Yoffie and Cusumano, Strategy Rules, 114. 8.Mathew Rosenberg and Sheera Frenkel, “Facebook’s Role in Data Misuse Sets Off a Storm on Two Continents,” New York Times, March 18, 2018; and Katrin Benhold, “Germany Acts to Tame Facebook, Learning from Its Own History of Hate,” New York Times, May 19, 2018. 9.Politico Staff, “Full Text: Mark Zuckerberg’s Wednesday Testimony to Congress on Cambridge Analytica,” Politico, April 11, 2018, https://www.politico.com/story/2018/04/09/transcript-mark-zuckerberg-testimony-to-congress-on-cambridge-analytica-509978 (accessed May 15, 2018). 10.See “List of Unicorn Start-Up Companies,” Wikipedia, https://en.wikipedia.org/wiki/List_of_unicorn_start-up_companies (accessed May 21, 2018). 11.Brian X.
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We also wrote up our initial thoughts on market dynamics and how business models and strategy differed for innovation platforms as compared to transaction platforms. David Yoffie joined the project after the publication of Strategy Rules: Five Timeless Lessons from Bill Gates, Andy Grove, and Steve Jobs (Yoffie and Cusumano, 2015), which included a detailed analysis of how platform thinking evolved at Microsoft, Intel, and Apple.4 We then expanded the scope of this new book to examine common mistakes among platform companies, challenges for conventional firms trying to compete with digital platforms, platform governance and antitrust issues, and some emerging platform technologies that could greatly impact the future.
Smartcuts: How Hackers, Innovators, and Icons Accelerate Success by Shane Snow
3D printing, Airbnb, Albert Einstein, Apollo 11, attribution theory, augmented reality, barriers to entry, conceptual framework, correlation does not imply causation, David Heinemeier Hansson, deliberate practice, disruptive innovation, Elon Musk, fail fast, Fellow of the Royal Society, Filter Bubble, Ford Model T, Google X / Alphabet X, hive mind, index card, index fund, Isaac Newton, job satisfaction, Khan Academy, Kickstarter, lateral thinking, Law of Accelerating Returns, Lean Startup, Mahatma Gandhi, meta-analysis, Neil Armstrong, pattern recognition, Peter Thiel, popular electronics, Ray Kurzweil, Richard Florida, Ronald Reagan, Ruby on Rails, Saturday Night Live, self-driving car, seminal paper, Sheryl Sandberg, side project, Silicon Valley, social bookmarking, Steve Jobs, superconnector, vertical integration
That’s why so many busy and powerful people practice mind-clearing meditation and stick to rigid daily routines: to minimize distractions and maximize good decision making. Simplification is why Steve Jobs’s Magic Mouse doubled Apple’s mouse market share overnight. With zero buttons (the whole thing is a button, actually) and a touchscreen glass top, the mouse is both pretty and intuitive—a huge departure from the conventional “innovative” mouse arms race, which amounted to adding more bulk and more buttons. Similarly, Apple’s iPod won the MP3 player war with breakthrough simplicity, both in physical design and how the company explained it. While other companies touted “4 Gigabytes and a 0.5 Gigahertz processor!” Apple simply said, “1,000 songs in your pocket.”
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Analysis shows that entrepreneurs who have mentors end up raising seven times as much capital for their businesses, and experience 3.5 times faster growth than those without mentors. And in fact, of the companies surveyed, few managed to scale a profitable business model without a mentor’s aid. Even Steve Jobs, the famously visionary and dictatorial founder of Apple, relied on mentors, such as former football coach and Intuit CEO Bill Campbell, to keep himself sharp. SO, DATA INDICATES THAT those who train with successful people who’ve “been there” tend to achieve success faster. The winning formula, it seems, is to seek out the world’s best and convince them to coach us.
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He got to be the best by focusing on what he needed to know, knowing how to figure out what he didn’t know, and forgetting about everything else. Like Holmes, hackers strip the unnecessary from their lives. They zero in on what matters. Like great writers, innovators have the fortitude to cut the adverbs. This is why Apple founder Steve Jobs’s closet was filled with dozens of identical black turtlenecks and Levi’s 501 jeans—to simplify his choices. US presidents do the same thing. “You’ll see I wear only gray or blue suits,” President Barack Obama told Michael Lewis for his October 2012 Vanity Fair cover story. “I don’t want to make decisions about what I’m eating or wearing.
The Master Switch: The Rise and Fall of Information Empires by Tim Wu
accounting loophole / creative accounting, Alfred Russel Wallace, Andy Rubin, AOL-Time Warner, Apple II, barriers to entry, British Empire, Burning Man, business cycle, Cass Sunstein, Clayton Christensen, commoditize, corporate raider, creative destruction, disinformation, disruptive innovation, don't be evil, Douglas Engelbart, Douglas Engelbart, Eben Moglen, Ford Model T, Howard Rheingold, Hush-A-Phone, informal economy, intermodal, Internet Archive, invention of movable type, invention of the telephone, invisible hand, Jane Jacobs, John Markoff, Joseph Schumpeter, Menlo Park, open economy, packet switching, PageRank, profit motive, radical decentralization, road to serfdom, Robert Bork, Robert Metcalfe, Ronald Coase, scientific management, search costs, seminal paper, sexual politics, shareholder value, Silicon Valley, Skype, Steve Jobs, Steve Wozniak, Telecommunications Act of 1996, The Chicago School, The Death and Life of Great American Cities, the long tail, the market place, The Wisdom of Crowds, too big to fail, Upton Sinclair, urban planning, vertical integration, Yochai Benkler, zero-sum game
You could open up the Apple II, and there were slots and so on, and anyone could write for it. The Mac was way more closed. What happened?” “Oh,” said Wozniak. “That was Steve. He wanted it that way. The Apple II was my machine, and the Mac was his.” Apple’s origins were pure Steve Wozniak, but as everyone knows, it was the other founder, Steve Jobs, whose ideas made Apple what it is today. Jobs maintained the early image that he and Wozniak created, but beginning with the Macintosh in the 1980s, and accelerating through the age of the iPod, iPhone, and iPad, he led Apple computers on a fundamentally different track.
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The spirit of Theodore Vail was alive and well in the resurrected dominion of the firm with which Apple was now allied. Within two years of the iPhone launch, relations between Apple and Google would sour as the two pursued equally grand, though inimical, visions of the future. In 2009 hearings before the FCC, they now sat on opposite sides. Steve Jobs accused Google of wasting its time in the mobile phone market; a new Google employee named Tim Bray in 2010 described Apple’s iPhone as “a sterile Disney-fied walled garden surrounded by sharp-toothed lawyers.… I hate it.”3 As this makes clear, where once there had been only subtle differences there now lay a chasm. Apple, while it had always wavered on “openness,” had committed to a program that fairly suited not just the AT&T mind-set, but also the ideals of Hollywood and the entertainment conglomerates as well.
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Even if Windows was never as advanced or well designed as Apple’s operating system, it enjoyed one insuperable advantage: it worked on any computer, supported just about every type of software, and could interface with any printer, modem, or whatever other hardware one could design. After it was launched in the late eighties, early-nineties Windows ran off with the market Apple had pioneered, based mostly on ideas that had been Apple’s to begin with. The victory of PCs and Windows over Apple was viewed by many as the defining parable of the decade; its moral was “open beats closed.” It suggested that Wozniak had been right from the beginning. But by then Steve Jobs had been gone for years, having been forced out of Apple in 1985 in a boardroom coup. Yet even in his absence Jobs would never agree about the superiority of openness, maintaining all the while that closed had simply not yet been perfected.
Move Fast and Break Things: How Facebook, Google, and Amazon Cornered Culture and Undermined Democracy by Jonathan Taplin
"Friedman doctrine" OR "shareholder theory", "there is no alternative" (TINA), 1960s counterculture, affirmative action, Affordable Care Act / Obamacare, Airbnb, AlphaGo, Amazon Mechanical Turk, American Legislative Exchange Council, AOL-Time Warner, Apple's 1984 Super Bowl advert, back-to-the-land, barriers to entry, basic income, battle of ideas, big data - Walmart - Pop Tarts, Big Tech, bitcoin, Brewster Kahle, Buckminster Fuller, Burning Man, Clayton Christensen, Cody Wilson, commoditize, content marketing, creative destruction, crony capitalism, crowdsourcing, data is the new oil, data science, David Brooks, David Graeber, decentralized internet, don't be evil, Donald Trump, Douglas Engelbart, Douglas Engelbart, Dynabook, Edward Snowden, Elon Musk, equal pay for equal work, Erik Brynjolfsson, Fairchild Semiconductor, fake news, future of journalism, future of work, George Akerlof, George Gilder, Golden age of television, Google bus, Hacker Ethic, Herbert Marcuse, Howard Rheingold, income inequality, informal economy, information asymmetry, information retrieval, Internet Archive, Internet of things, invisible hand, Jacob Silverman, Jaron Lanier, Jeff Bezos, job automation, John Markoff, John Maynard Keynes: technological unemployment, John Perry Barlow, John von Neumann, Joseph Schumpeter, Kevin Kelly, Kickstarter, labor-force participation, Larry Ellison, life extension, Marc Andreessen, Mark Zuckerberg, Max Levchin, Menlo Park, Metcalfe’s law, military-industrial complex, Mother of all demos, move fast and break things, natural language processing, Network effects, new economy, Norbert Wiener, offshore financial centre, packet switching, PalmPilot, Paul Graham, paypal mafia, Peter Thiel, plutocrats, pre–internet, Ray Kurzweil, reality distortion field, recommendation engine, rent-seeking, revision control, Robert Bork, Robert Gordon, Robert Metcalfe, Ronald Reagan, Ross Ulbricht, Sam Altman, Sand Hill Road, secular stagnation, self-driving car, sharing economy, Silicon Valley, Silicon Valley ideology, Skinner box, smart grid, Snapchat, Social Justice Warrior, software is eating the world, Steve Bannon, Steve Jobs, Stewart Brand, tech billionaire, techno-determinism, technoutopianism, TED Talk, The Chicago School, the long tail, The Market for Lemons, The Rise and Fall of American Growth, Tim Cook: Apple, trade route, Tragedy of the Commons, transfer pricing, Travis Kalanick, trickle-down economics, Tyler Cowen, Tyler Cowen: Great Stagnation, universal basic income, unpaid internship, vertical integration, We are as Gods, We wanted flying cars, instead we got 140 characters, web application, Whole Earth Catalog, winner-take-all economy, women in the workforce, Y Combinator, you are the product
Brown explains: “Xerox built big complicated stuff that sold for $250,000 a unit and came with three-year guarantees. What was the chance that any of the PARC stuff could ever be sold through the Xerox channels? Zero.” So the decision was made to try to partner with Apple. Almost every version of the story of Steve Jobs visiting PARC for a demonstration in December of 1979 is wrong. It is usually said to epitomize the complete failure on Xerox’s part to understand what they had invented. A bit of background: Apple had successfully launched the Apple II computer in April of 1977. It was an instant hit, and between September of 1977 and September of 1980, yearly sales grew from $775,000 to $118 million, an average annual growth rate of 533 percent.
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The tragedy for Xerox was that two years later, the Xerox CFO sold all its Apple stock. Imagine what it would have meant to the company if it had held on to 5 percent of Apple, which would now be worth about $32 billion. In 1985, after the debut of the Macintosh, Microsoft quickly introduced Windows, an operating system that totally mimicked the Macintosh. Whatever advantage Apple had was quickly extinguished, and Steve Jobs was forced out of the company. Jobs immediately set out for revenge on his old company by building a new computer called NeXT. Not long after that, a twenty-nine-year-old English engineer, Tim Berners-Lee, took up a position at the Conseil Européen pour la Recherche Nucléaire (CERN).
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The earliest networks—like the Whole Earth ’Lectronic Link (WELL), organized by Stewart Brand, the founder of The Whole Earth Catalog—grew directly out of 1960s counterculture. Brand had helped novelist Ken Kesey organize the Acid Tests—epic be-ins where thousands of hippies ingested LSD and danced to the music of a new band, the Grateful Dead. Steve Jobs, founder of Apple Computer, Inc., dropped acid as well. “Jobs explained,” wrote John Markoff in his book What the Dormouse Said, “that he still believed that taking LSD was one of the two or three most important things he had done in his life, and he said he felt that because people he knew well had not tried psychedelics, there were things about him they couldn’t understand.”
Talk to Me: How Voice Computing Will Transform the Way We Live, Work, and Think by James Vlahos
Albert Einstein, AltaVista, Amazon Mechanical Turk, Amazon Web Services, augmented reality, Automated Insights, autonomous vehicles, backpropagation, Big Tech, Cambridge Analytica, Chuck Templeton: OpenTable:, cloud computing, Colossal Cave Adventure, computer age, deep learning, DeepMind, Donald Trump, Elon Musk, fake news, Geoffrey Hinton, information retrieval, Internet of things, Jacques de Vaucanson, Jeff Bezos, lateral thinking, Loebner Prize, machine readable, machine translation, Machine translation of "The spirit is willing, but the flesh is weak." to Russian and back, Mark Zuckerberg, Menlo Park, natural language processing, Neal Stephenson, Neil Armstrong, OpenAI, PageRank, pattern recognition, Ponzi scheme, randomized controlled trial, Ray Kurzweil, Ronald Reagan, Rubik’s Cube, self-driving car, sentiment analysis, Silicon Valley, Skype, Snapchat, speech recognition, statistical model, Steve Jobs, Steve Wozniak, Steven Levy, TechCrunch disrupt, Turing test, Watson beat the top human players on Jeopardy!
Titans 39 Decades before he founded Amazon: Amazon CEO Jeff Bezos on how he got a role in Star Trek Beyond, posted to YouTube on October 23, 2016, https://goo.gl/RJKBL1. 39 “build space hotels”: Luisa Yanez, “Jeff Bezos: A rocket launched from Miami’s Palmetto High,” Miami Herald, August 5, 2013, https://goo.gl/GxFrx8. 40 After the discussion with Hart: Greg Hart, interview with author, April 27, 2018. 41 “If we could build it”: this and subsequent quotes from Greg Hart come from interview with author, April 27, 2018. 41 “We think it [the project] is critical to Amazon’s success”: this and subsequent quotes from Al Lindsay, unless otherwise identified, come from interview with author, April 4, 2018. 42 Rohit Prasad, a scientist whom Amazon hired: Rohit Prasad, interview with author, April 2, 2018. 44 Bezos was reportedly aiming for the stars: Joshua Brustein, “The Real Story of How Amazon Built the Echo,” Bloomberg Businessweek, April 19, 2016, https://goo.gl/4SIi8F. 44 “hero feature”: Prasad, interview with author. 44 An article in Bloomberg Businessweek : Brustein, “The Real Story of How Amazon Built the Echo.” 45 “Amazon just surprised everyone”: Chris Welch, “Amazon just surprised everyone with a crazy speaker that talks to you,” The Verge, November 6, 2014, https://goo.gl/sVgsPi. 45 “Don’t laugh at or ignore”: Mike Elgan, “Why Amazon Echo is the future of every home,” Computerworld, November 8, 2014, https://goo.gl/wriJXE. 45 “the happiest person in the world”: this and other quotes from Adam Cheyer, unless otherwise indicated, come from interviews with author, April 19 and 23, 2018. 45 “Apple’s digital assistant was delivered”: Farhad Manjoo, “Siri Is a Gimmick and a Tease,” Slate, November 15, 2012, https://goo.gl/2cSoK. 46 Steve Wozniak, one of the original cofounders of Apple: Bryan Fitzgerald, “‘Woz’ gallops in to a horse’s rescue,” Albany Times Union, June 13, 2012, https://goo.gl/dPdHso. 46 Even Jack in the Box ran an ad: Yukari Iwatani Kane, Haunted Empire: Apple After Steve Jobs (New York: HarperCollins, 2014), 154. 46 Years later, some people who had worked: Aaron Tilley and Kevin McLaughlin, “The Seven-Year Itch: How Apple’s Marriage to Siri Turned Sour,” The Information, March 14, 2018, https://goo.gl/6e7BxM. 48 “artificially-intelligent orphan”: Bosker, “Siri Rising.” 48 “Siri’s various teams morphed”: Tilley and McLaughlin, “The Seven-Year Itch.” 48 John Burkey, who was part: John Burkey, interview with author, June 19, 2018. 49 “it’s really the first time in history”: Megan Garber, “Sorry, Siri: How Google Is Planning to Be Your New Personal Assistant,” The Atlantic, April 29, 2013, https://goo.gl/XFLPDP. 49 “We are not shipping”: Dan Farber, “Microsoft’s Bing seeks enlightenment with Satori,” CNET, July 30, 2013, https://goo.gl/fnLVmb. 50 CNN Tech ran an emblematic headline: Adrian Covert, “Meet Cortana, Microsoft’s Siri,” CNN Tech, April 2, 2014, https://goo.gl/pyoW4v. 50 “feels like a potent mashup of Google Now’s worldliness”: Chris Velazco, “Living with Cortana, Windows 10’s thoughtful, flaky assistant,” Engadget, July 30, 2015, https://goo.gl/mbZpon. 50 “arrogant disdain followed by panic”: Burkey, interview with author. 51 “I’ll start teaching it”: Mark Zuckerberg, “Building Jarvis,” Facebook blog, December 19, 2016, https://goo.gl/DyQSBN. 51 Zuckerberg might have to say a command: Daniel Terdiman, “At Home With Mark Zuckerberg And Jarvis, The AI Assistant He Built For His Family,” Fast Company, December 19, 2016, https://goo.gl/qJNIxW. 51 One lucky user who tested M: Alex Kantrowitz, “Facebook Reveals The Secrets Behind ‘M,’ Its Artificial Intelligence Bot,” BuzzFeed, November 19, 2015, https://goo.gl/bwmFyN. 52 “an experiment to see what people would ask”: Kemal El Moujahid, interview with author, September 29, 2017. 54 “just the tip of the iceberg”: Mark Bergen, “Jeff Bezos says more than 1,000 people are working on Amazon Echo and Alexa,” Recode, May 31, 2016, https://goo.gl/hhSQXc. 59 “When you speak”: Robert Hoffer, interview with author, April 30, 2018. 4.
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He swiped at the little slider on the screen to answer the call, but for some reason it took seven tries before it worked. This little fail was ironic given who was phoning. “Hi,” the caller said. “Is this Dag?” “Yeah,” Kittlaus replied. “This is Steve Jobs.” “Really?” said Kittlaus, who had received no forewarning that the Apple CEO was going to call. He turned toward a colleague standing nearby and mouthed, It’s Steve Jobs! No way! his colleague mouthed back. Jobs came straight to the point, according to Kittlaus’s account. “We love what you are doing,” Jobs said. “Can you come over to my house tomorrow?” Kittlaus got directions and asked if he could bring along his cofounders.
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Game Changers 4 To be sure, they have an unsurpassed ability: “The size of the World Wide Web (The Internet),” accessed on July 25, 2018, https://goo.gl/ihb0. 5 “The next big step”: Sundar Pichai, “This year’s Founders’ Letter,” Google blog, April 28, 2016, https://goo.gl/hMKbBS. 5 On computers, we squeeze our fingers: “Typewriter History,” Mytypewriter.com, https://goo.gl/cNSxXM. 7 There are around 2 billion: “Number of mobile phone users worldwide from 2015 to 2020 (in billions),” Statista, accessed on July 25, 2018, https://goo.gl/tv793j. 7 The number of deployed smart speakers: Bret Kinsella, “Smart Speakers to Reach 100 Million Installed Base Worldwide in 2018, Google to Catch Amazon by 2022,” Voicebot.ai, July 10, 2018, https://goo.gl/VKLB3F. 11 “When you hear a voice”: Ryan Germick, interview with author, April 26, 2018. 12 “Conversation is probably the hardest AI problem”: Ashwin Ram, interview with author, May 26, 2017. 14 “speech is so essential to our concept of intelligence”: Philip Lieberman, Eve Spoke: Human Language and Human Evolution (New York: W. W. Norton & Company, 1998), accessed July 25, 2018, https://goo.gl/VUpsxh. 2. Assistants 17 This slice of campus life: Knowledge Navigator (1987) Apple Computer, Apple concept video posted to YouTube on December 16, 2009, https://goo.gl/MyHN8l. 17 “mini-Steve Jobs”: Jay Yarow, “Why Apple’s Mobile Leader Scott Forstall Is Out,” Business Insider, October 29, 2012, https://goo.gl/p8rCss. 17 “I am really excited to show you Siri”: Let’s Talk iPhone—iPhone 4S Keynote 2011, posted to YouTube on October 5, 2011, https://goo.gl/32qJ5o. 18 “Telling me I can’t do something really sets me up”: this and subsequent quotes from Adam Cheyer, unless otherwise noted, come from interviews with author, April 19 and 23, 2018. 19 Cheyer had started a school club: Jon C.
Free Ride by Robert Levine
A Declaration of the Independence of Cyberspace, Anne Wojcicki, book scanning, borderless world, Buckminster Fuller, citizen journalism, commoditize, company town, correlation does not imply causation, creative destruction, crowdsourcing, death of newspapers, Edward Lloyd's coffeehouse, Electric Kool-Aid Acid Test, Firefox, future of journalism, Googley, Hacker Ethic, informal economy, Jaron Lanier, John Gilmore, John Perry Barlow, Joi Ito, Julian Assange, Justin.tv, Kevin Kelly, linear programming, Marc Andreessen, Mitch Kapor, moral panic, offshore financial centre, pets.com, publish or perish, race to the bottom, Saturday Night Live, Silicon Valley, Silicon Valley startup, Skype, spectrum auction, Steve Jobs, Steven Levy, Stewart Brand, subscription business, Telecommunications Act of 1996, the long tail, Whole Earth Catalog, WikiLeaks
HOW TECHNOLOGY COULD TURN THE PAGE ON PUBLISHING On January 28, 2010, John Sargent Jr. and Brian Napack, the chief executive and the president of Macmillan Publishers, flew to Seattle to give Amazon.com some news they knew the online retailer wouldn’t like. A couple of days before, Macmillan had made a deal to sell its titles in Apple’s iBookstore, just as Steve Jobs was set to introduce the company’s new iPad. Rather than sell titles to Apple on a wholesale basis and let the company set a retail price, as it did with Amazon and other bookstores, Macmillan would set the price for its digital books itself and give Apple a 30 percent commission for selling them to consumers. Apple had also made similar deals with four of the other five major U.S. publishers. But Amazon wanted to set book prices as well.
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In the grand narrative of the music business collapse, the labels were rescued from their own incompetence by Steve Jobs’s iTunes music store, which made piracy a marginal problem. Apple certainly pushed the labels into doing something they were unable to do themselves, and its iTunes Store has become the biggest music retailer in the United States. But legitimate online music stores like Apple’s have hardly stopped piracy: more music is downloaded illegally than legally, according to the NPD Group.82 (Not all of those songs represent lost sales, of course, but surely some must.) And, like the industry’s attempts to turn file sharing into a legitimate business, the real story of Apple’s effect on the music business is more complicated than most people realize.
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To understand how technology executives see issues involving open platforms, remember that their perspective is informed by Apple’s 1980s struggle with Microsoft for the personal computer business. Then, as now, Steve Jobs wanted to control his products, so he declined to license the Macintosh operating system software to other computer makers. Since Microsoft didn’t make machines, it made deals to supply its operating system software to every PC clone company it could. As more companies began making computers that used Intel chips and Microsoft’s Windows operating system, competition drove down prices, “Wintel” machines dominated the industry, and Apple became an also-ran in the business it invented.
How to Be the Startup Hero: A Guide and Textbook for Entrepreneurs and Aspiring Entrepreneurs by Tim Draper
3D printing, Airbnb, Apple's 1984 Super Bowl advert, augmented reality, autonomous vehicles, basic income, Berlin Wall, bitcoin, blockchain, Buckminster Fuller, business climate, carried interest, connected car, CRISPR, crowdsourcing, cryptocurrency, deal flow, Deng Xiaoping, discounted cash flows, disintermediation, Donald Trump, Elon Musk, Ethereum, ethereum blockchain, fake news, family office, fiat currency, frictionless, frictionless market, growth hacking, high net worth, hiring and firing, initial coin offering, Jeff Bezos, Kickstarter, Larry Ellison, low earth orbit, Lyft, Mahatma Gandhi, Marc Benioff, Mark Zuckerberg, Menlo Park, Metcalfe's law, Metcalfe’s law, Michael Milken, Mikhail Gorbachev, Minecraft, Moneyball by Michael Lewis explains big data, Nelson Mandela, Network effects, peer-to-peer, Peter Thiel, pez dispenser, Ralph Waldo Emerson, risk tolerance, Robert Metcalfe, Ronald Reagan, Rosa Parks, Salesforce, Sand Hill Road, school choice, school vouchers, self-driving car, sharing economy, Sheryl Sandberg, short selling, Silicon Valley, Skype, smart contracts, Snapchat, sovereign wealth fund, stealth mode startup, stem cell, Steve Jobs, Steve Jurvetson, Tesla Model S, Twitter Arab Spring, Uber for X, uber lyft, universal basic income, women in the workforce, Y Combinator, zero-sum game
People don’t say, “Hotmail me” or “Bing it,” but they could have if the marketing departments at those companies had done some thinking about making their companies’ services into a verb. As you go through your daily routine, try to think about all the companies that touch you and whether they are verbs. Marketing is 20% hard facts and 80% human brain. When Steve Jobs introduced the iPod, there were 40 other music storage devices on the market and some with four times as much memory. But Apple dominated the market. Why? Because Steve Jobs understood the human side of commerce. He understood that by creating a story behind the product, by making it “cool” or “hip” to have an iPod and making it fun and easy to use, it didn’t matter if the product was not quite as powerful or as fast or as cheap as the competition, because he knew that he could capture the customer’s emotion, mind, spirit and ego.
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Don't do things because I do them or Steve Jobs or Mark Cuban tried it. You need to know your personal brand and stay true to it. Gary Vaynerchuk A brand for a company is like a reputation for a person. You earn reputation by trying to do hard things well. Jeff Bezos My Brand Logo. Your logo should mean something. The initial logo for Draper Associates, designed by my cousin, Phyllis Merikallio, was a blue globe in front of a black triangle. I liked this for a lot of reasons. The triangle represented “change” and the globe represented “the world,” so together these images said, “Change the world.” Apple’s logo was a rainbow-colored apple, which was both eye catching and meant that the products were for everyone.
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His employees started chanting the same mantras and they even took on his fashion sense, wearing the same t-shirts and jeans that he did. He encouraged a very casual tone among his employees so that they knew that he just wanted them to get the job done (not to wait on protocol) and they responded accordingly. Steve Jobs created the meme of calling his employees “evangelists” so Apple employees would take on his religious fervor for the company. Many even wore jeans and black turtlenecks to emulate the great man. Bill Gates prided himself on his high IQ, so everyone at Microsoft was focused on being smart. Some employees even wore glasses that looked like the ones Bill wore whether they had a vision problem or not.
Insane Mode: How Elon Musk's Tesla Sparked an Electric Revolution to End the Age of Oil by Hamish McKenzie
Airbnb, Albert Einstein, augmented reality, autonomous vehicles, barriers to entry, basic income, Bay Area Rapid Transit, Ben Horowitz, business climate, car-free, carbon footprint, carbon tax, Chris Urmson, Clayton Christensen, clean tech, Colonization of Mars, connected car, crony capitalism, Deng Xiaoping, Didi Chuxing, disinformation, disruptive innovation, Donald Trump, driverless car, Elon Musk, Fairchild Semiconductor, Ford Model T, gigafactory, Google Glasses, Hyperloop, information security, Internet of things, Jeff Bezos, John Markoff, low earth orbit, Lyft, Marc Andreessen, margin call, Mark Zuckerberg, Max Levchin, megacity, Menlo Park, Nikolai Kondratiev, oil shale / tar sands, paypal mafia, Peter Thiel, ride hailing / ride sharing, Ronald Reagan, self-driving car, Shenzhen was a fishing village, short selling, side project, Silicon Valley, Silicon Valley startup, Snapchat, Solyndra, South China Sea, special economic zone, stealth mode startup, Steve Jobs, tech worker, TechCrunch disrupt, TED Talk, Tesla Model S, Tim Cook: Apple, Tony Fadell, Uber and Lyft, uber lyft, universal basic income, urban planning, urban sprawl, Zenefits, Zipcar
On September 23, 1997, Steve Jobs walked onstage to applause at a meeting of Apple executives and managers. He had returned to the company two months earlier as interim CEO and was determined to make changes. Dressed in sandals, shorts, and a black mock turtleneck with which the world would later become familiar, he looked relaxed, even though he had been up until 3:00 A.M. working on an ad campaign that he hoped would revive Apple’s brand. The brand had suffered from neglect since he left the company in 1985. Jobs didn’t mention it in the meeting, but the brand wasn’t all that was suffering at Apple. By 1997, the company had just 4 percent of the personal computer market and that year stood to lose more than a billion dollars.
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We’d already carved up mountains, paved over swamplands, and invented garages to cater to our four-wheeled wonder wagons, so giving up on them now hardly seemed realistic. After a multitude of commenters disabused me of my car-free fantasy, I breathed a sigh of concession and moved on. It was about then that I discovered Tesla. I had joined Pando in April 2012, a few months after Steve Jobs, the cofounder and CEO of Apple, died, and I found a tech world still grieving the loss of its superstar. The industry was bereft of a figure who could command the world’s attention with the twitch of a stage-managed eyebrow, a man who could send the media into conniptions with an addendum to a slide show. Silicon Valley was frantically searching for one more thing, but results had been mixed.
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That was a huge bet he made, and it worked,” Musk said in 2013. Management books tend to be written by management consultants who study companies during their times of peace, Horowitz cautioned. Other than Grove’s writing, he didn’t know of any books that taught people how to manage in wartime like Steve Jobs. When Jobs returned to Apple as interim CEO in 1997, the company was months away from bankruptcy. Four years later, it released the iPod. On May 8, 2013, Tesla reported its first quarterly profit. There had been many start-ups over the decades, but, at last, an electric car company was selling enough cars to stay in business.
The End of Big: How the Internet Makes David the New Goliath by Nicco Mele
4chan, A Declaration of the Independence of Cyberspace, Airbnb, Amazon Web Services, Andy Carvin, Any sufficiently advanced technology is indistinguishable from magic, Apple's 1984 Super Bowl advert, barriers to entry, Berlin Wall, big-box store, bitcoin, bread and circuses, business climate, call centre, Cass Sunstein, centralized clearinghouse, Chelsea Manning, citizen journalism, cloud computing, collaborative consumption, collaborative editing, commoditize, Computer Lib, creative destruction, crony capitalism, cross-subsidies, crowdsourcing, David Brooks, death of newspapers, disruptive innovation, Donald Trump, Douglas Engelbart, Douglas Engelbart, en.wikipedia.org, Evgeny Morozov, Exxon Valdez, Fall of the Berlin Wall, Filter Bubble, Firefox, global supply chain, Google Chrome, Gordon Gekko, Hacker Ethic, Ian Bogost, Jaron Lanier, Jeff Bezos, jimmy wales, John Markoff, John Perry Barlow, Julian Assange, Kevin Kelly, Khan Academy, Kickstarter, Lean Startup, lolcat, machine readable, Mark Zuckerberg, military-industrial complex, minimum viable product, Mitch Kapor, Mohammed Bouazizi, Mother of all demos, Narrative Science, new economy, Occupy movement, off-the-grid, old-boy network, One Laptop per Child (OLPC), peer-to-peer, period drama, Peter Thiel, pirate software, public intellectual, publication bias, Robert Metcalfe, Ronald Reagan, Ronald Reagan: Tear down this wall, satellite internet, Seymour Hersh, sharing economy, Silicon Valley, Skype, social web, Steve Jobs, Steve Wozniak, Stewart Brand, Stuxnet, Ted Nelson, Ted Sorensen, Telecommunications Act of 1996, telemarketer, the Cathedral and the Bazaar, the long tail, The Wisdom of Crowds, transaction costs, uranium enrichment, Whole Earth Catalog, WikiLeaks, Zipcar
The quotation is taken from his essay “We Owe It All to the Hippies,” Time, 1 Mar. 1995. 13. http://www.digibarn.com/collections/newsletters/peoples-computer/peoples-1972-oct/index.html 14. http://www.atariarchives.org/deli/homebrew_and_how_the_apple.php 15. http://www.digibarn.com/collections/newsletters/homebrew/V2_01/index.html 16. http://www.gadgetspage.com/comps-peripheral/apple-i-computer-ad.html 17. John Markoff, What the Dormouse Said: How the Sixties Counterculture Shaped the Personal Computer Industry (New York: Penguin, 1996). 18. http://pdgmag.com/2012/02/02/steve-jobs-lee-clow-and-ridley-scott-the-three-geniuses-who-made-1984-less-like-1984/ 19. http://www.youtube.com/watch?v=OYecfV3ubP8 20. Adelia Cellini, “The Story Behind Apple’s ‘1984’ TV Commercial: Big Brother at 20.”
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We’ve simply subjected the world to our designs, leaving everyone else to live with the consequences, whether or not we like them. Technology seems value-neutral, yet it isn’t. It has its own worldview, one the rest of us adopt without consideration because of the convenience and fun of our communications devices. People worship Steve Jobs and his legendary leadership of Apple, and they consume Apple products such as the iPhone and iPad with delight and intensity—yet these products and indeed the vision of Jobs are reorganizing our world from top to bottom. The nerds who brought you today’s three most dominant communications technologies—the personal computer, the Internet, and mobile phones—were in different ways self-consciously hostile to established authority and self-consciously alert to the vast promise and potential of individual human beings.
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Years later, after the PC was an established reality, Ken Olson, the founder of minicomputer maker Digital Equipment Corporation, still … publicly asserted that there was no need for a home computer.”17 On the other hand, antiestablishment ideology became entrenched in manifold specifics of the PC’s design; Markoff relates, for instance, that the visualization that comes with iTunes—the pretty colors that move and change in sequence with the music—was inspired in part by Jobs’s use of LSD, which Jobs called “one of the two or three most important things he had done in his life.” A liberationist ethic also became entrenched in the overt marketing of personal computing devices, most famously in a classic television commercial, Apple’s 1984 spot. Following the rousing success of Apple’s first two home computer models, Steve Jobs wanted to do something big to roll out its third model, the Macintosh personal computer. He hired Ridley Scott, who two years earlier had directed the sci-fi classic Bladerunner, to make the commercial.18 The result was a powerful and intense ad that referenced the dystopian future of George Orwell’s classic novel 1984.
Radical Uncertainty: Decision-Making for an Unknowable Future by Mervyn King, John Kay
Airbus A320, Alan Greenspan, Albert Einstein, Albert Michelson, algorithmic trading, anti-fragile, Antoine Gombaud: Chevalier de Méré, Arthur Eddington, autonomous vehicles, availability heuristic, banking crisis, Barry Marshall: ulcers, battle of ideas, Bear Stearns, behavioural economics, Benoit Mandelbrot, bitcoin, Black Swan, Boeing 737 MAX, Bonfire of the Vanities, Brexit referendum, Brownian motion, business cycle, business process, capital asset pricing model, central bank independence, collapse of Lehman Brothers, correlation does not imply causation, credit crunch, cryptocurrency, cuban missile crisis, Daniel Kahneman / Amos Tversky, David Ricardo: comparative advantage, DeepMind, demographic transition, discounted cash flows, disruptive innovation, diversification, diversified portfolio, Donald Trump, Dutch auction, easy for humans, difficult for computers, eat what you kill, Eddington experiment, Edmond Halley, Edward Lloyd's coffeehouse, Edward Thorp, Elon Musk, Ethereum, Eugene Fama: efficient market hypothesis, experimental economics, experimental subject, fear of failure, feminist movement, financial deregulation, George Akerlof, germ theory of disease, Goodhart's law, Hans Rosling, Helicobacter pylori, high-speed rail, Ignaz Semmelweis: hand washing, income per capita, incomplete markets, inflation targeting, information asymmetry, invention of the wheel, invisible hand, Jeff Bezos, Jim Simons, Johannes Kepler, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Snow's cholera map, John von Neumann, Kenneth Arrow, Kōnosuke Matsushita, Linda problem, Long Term Capital Management, loss aversion, Louis Pasteur, mandelbrot fractal, market bubble, market fundamentalism, military-industrial complex, Money creation, Moneyball by Michael Lewis explains big data, Monty Hall problem, Nash equilibrium, Nate Silver, new economy, Nick Leeson, Northern Rock, nudge theory, oil shock, PalmPilot, Paul Samuelson, peak oil, Peter Thiel, Philip Mirowski, Phillips curve, Pierre-Simon Laplace, popular electronics, power law, price mechanism, probability theory / Blaise Pascal / Pierre de Fermat, quantitative trading / quantitative finance, railway mania, RAND corporation, reality distortion field, rent-seeking, Richard Feynman, Richard Thaler, risk tolerance, risk-adjusted returns, Robert Shiller, Robert Solow, Ronald Coase, sealed-bid auction, shareholder value, Silicon Valley, Simon Kuznets, Socratic dialogue, South Sea Bubble, spectrum auction, Steve Ballmer, Steve Jobs, Steve Wozniak, Suez crisis 1956, Tacoma Narrows Bridge, Thales and the olive presses, Thales of Miletus, The Chicago School, the map is not the territory, The Market for Lemons, The Nature of the Firm, The Signal and the Noise by Nate Silver, The Wealth of Nations by Adam Smith, The Wisdom of Crowds, Thomas Bayes, Thomas Davenport, Thomas Malthus, Toyota Production System, transaction costs, ultimatum game, urban planning, value at risk, world market for maybe five computers, World Values Survey, Yom Kippur War, zero-sum game
Apple machines had screens with icons which created the appearance of a desktop, and friendly aids such as a mouse and trash bin – innovations that seemed like gimmicks to the nerds who then predominated among computer users, but which opened computing to a much wider audience. Apple machines were more fun. But you could access these capabilities only by buying Apple’s integrated software and hardware. Apple’s determination to maintain its proprietary system failed in the face of widespread adoption of the more open standard of the IBM PC: Windows, a combination of Apple’s graphical user interface with Microsoft’s ubiquitous MS-DOS, swept the world, and almost swept Apple from that world. By the mid-1990s, Apple was on the edge of bankruptcy, its market share falling, its innovations failing. But 1997 was the year of the Second Coming of Steve Jobs (he had been forced out of the company a decade earlier by the board).
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When IBM attempted to regain control with a new and more sophisticated operating system, OS/2, it was too late. MS-DOS (powering Windows 3.1) was everywhere. Meanwhile, Steve Jobs and Steve Wozniak began assembling Apple machines in 1976 in Jobs’s garage, now designated a historic site. 18 Although Gates and Microsoft had understood that ease of use was as important as technical sophistication to commercial success, Jobs extended this vision further and conceived a computer that you could use without understanding anything about computers. To achieve this goal, Jobs drew on another invention from Xerox Parc – the graphical user interface. Apple machines had screens with icons which created the appearance of a desktop, and friendly aids such as a mouse and trash bin – innovations that seemed like gimmicks to the nerds who then predominated among computer users, but which opened computing to a much wider audience.
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But in the right circumstances – those of 1940 – Churchill’s optimism and confidence were vital. Steve Jobs similarly failed to conform to the conventional depiction of ‘rational’ behaviour under uncertainty. Just as Churchill became premier with no specific plan for how the war would develop, Jobs returned to Apple content to wait for ‘the next big thing’. Jobs’s biographer, Walter Isaacson, writes of his subject’s ‘reality distortion field’. The phrase was adopted from Star Trek by one of Apple’s first software designers, who identified his CEO’s approach as ‘a confounding melange of a charismatic rhetorical style, indomitable will, and eagerness to bend any fact to fit the purpose at hand’ – characteristics similar to those identified by Churchill’s biographers. 33 Strikingly, however, the first half of Isaacson’s book, which deals with the period prior to Jobs’s 1997 return to Apple, contains sixteen references to the ‘reality distortion field’, the remainder contains only three.
The Slow Fix: Solve Problems, Work Smarter, and Live Better in a World Addicted to Speed by Carl Honore
Albert Einstein, An Inconvenient Truth, Apollo 13, Atul Gawande, Broken windows theory, call centre, carbon credits, Checklist Manifesto, clean water, clockwatching, cloud computing, crowdsourcing, Dava Sobel, delayed gratification, drone strike, Enrique Peñalosa, Erik Brynjolfsson, Ernest Rutherford, Exxon Valdez, fail fast, fundamental attribution error, game design, Great Leap Forward, income inequality, index card, invention of the printing press, invisible hand, Isaac Newton, Jeff Bezos, John Harrison: Longitude, lateral thinking, lone genius, medical malpractice, microcredit, Netflix Prize, no-fly zone, planetary scale, Ralph Waldo Emerson, RAND corporation, reality distortion field, retail therapy, shareholder value, Silicon Valley, Skype, stem cell, Steve Jobs, Steve Wozniak, TED Talk, the scientific method, The Wisdom of Crowds, ultimatum game, urban renewal, War on Poverty
Like McNutt, his motto was: “The good God is in the detail.” Steve Jobs, founder and former CEO of Apple, took that creed to the level of obsessive compulsion. Towards the end of his life, as he lay dying in hospital, he burned through 67 nurses before settling on three that met his exacting standards. Even when heavily sedated, he tore an oxygen mask off his face to object to the way it looked. The pulmonologist was startled when Jobs demanded to see five other mask designs so he could pick the one he liked best. Yet what sounds like a rampant case of OCD helped turn Apple into one of the most successful companies in history.
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You have to find and marshal the right people, and then manage the creative collisions that ensue. But it works even in the fastest-moving sectors of the economy. Steve Jobs once observed that Apple’s revolutionary Macintosh computer “turned out so well because the people working on it were musicians, artists, poets and historians who also happened to be excellent computer scientists.” Nearly three decades later the company is still thrashing the competition with the same recipe. “It’s in Apple’s DNA that technology alone is not enough,” Jobs declared after the launch of the world-conquering iPad. “It’s technology married with liberal arts, married with the humanities, that yields us the results that make our heart sing.”
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“He knows how to walk that tightrope of giving us the freedom to contribute our own ideas while also bringing us all along together down a single path.” Not all successful leaders have a mother’s heart. Steve Jobs is the classic counter-example. Apple insiders described him as a tyrannical control freak who could be obnoxiously rude to his staff, shouting them down, passing off their ideas as his own, displaying zero interest in their private lives. Would Apple have thrived even more had his EI matched his IQ? We will never know. But perhaps Jobs was that very rare thing: a genius you walked away from at your peril. To what extent lesser mortals can work the Mr Nasty leadership style is up for debate, but there is no doubt that fixing a complex problem often depends on a driving, central figure.
Immortality, Inc. by Chip Walter
23andMe, Airbnb, Albert Einstein, Arthur D. Levinson, bioinformatics, Buckminster Fuller, cloud computing, CRISPR, data science, disintermediation, double helix, Elon Musk, Isaac Newton, Jeff Bezos, Larry Ellison, Law of Accelerating Returns, life extension, Menlo Park, microbiome, mouse model, pattern recognition, Peter Thiel, phenotype, radical life extension, Ray Kurzweil, Recombinant DNA, Rodney Brooks, self-driving car, Silicon Valley, Silicon Valley startup, Snapchat, South China Sea, SpaceShipOne, speech recognition, statistical model, stem cell, Stephen Hawking, Steve Jobs, TED Talk, Thomas Bayes, zero day
Never follow the masses, at least not until you had gone back to first principles and thought the thing through. Much later, when he was moving up the corporate ladder at Genentech, Levinson met Steve Jobs and eventually joined the Apple board. Then, in 2004, he was asked to join Google’s board, where he remained for five years until the corporate orbits of Apple and Google began to collide. Nevertheless, even after Steve Jobs’s death in 2011, when Apple’s board made Levinson chair, he remained on good terms with Page and Brin and Schmidt at Google. That was the way Levinson was: He seemed to get along with everyone. 6 | THE DINNER Just as Art Levinson wasn’t your average dyed-in-the-wool scientist, Bill Maris wasn’t your average number-crunching venture capitalist.
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—WALT WHITMAN, Leaves of Grass 5 | CALICO The evening of October 18, 2012, was warm and cloudless the way Silicon Valley evenings often are. Art Levinson had just departed Laurene Jobs’s home and was motoring along in his aging Lexus to see Larry Page, and a few others, for dinner at his house in Palo Alto. Laurene was Steve Jobs’s widow, and as Apple’s chairman Levinson had driven down earlier from San Francisco to review a few matters with her. On and off, Levinson had been thinking about the get-together with Page. He was skeptical, but that wasn’t unusual for him. He was always skeptical. But this particular idea…well, it was intriguing.
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Before joining Calico, Koller knew she could write her own ticket at any of Silicon Valley’s great Cloud makers: Google, Facebook, Apple. But did she really want to create software that made better Twitter feeds, or cool faces on Snapchat, or yet another product that piled up more of the planet’s digital ad revenues? In the sprawling world of Google, she would be a blip: one more very smart human in a sea of geeks. But Calico was different. She had never forgotten Steve Jobs’s grand goal: “Make a dent in the universe.” At Calico, maybe she could make a dent—save lives, perhaps millions—even her own.
A More Beautiful Question: The Power of Inquiry to Spark Breakthrough Ideas by Warren Berger
Airbnb, carbon footprint, Clayton Christensen, clean water, disruptive innovation, fail fast, fake it until you make it, fear of failure, food desert, Google X / Alphabet X, Isaac Newton, Jeff Bezos, jimmy wales, Joi Ito, Kickstarter, late fees, Lean Startup, Marc Benioff, Mark Zuckerberg, minimum viable product, new economy, Paul Graham, Peter Thiel, Ray Kurzweil, Salesforce, self-driving car, sharing economy, Sheryl Sandberg, side project, Silicon Valley, Silicon Valley startup, Stanford marshmallow experiment, Stephen Hawking, Steve Jobs, Steven Levy, TED Talk, Thomas L Friedman, Toyota Production System, Watson beat the top human players on Jeopardy!, Y Combinator, Zipcar
Maura O’Neill, “Disruptive Innovation Often Comes from Unexpected Places,” Huffington Post, January 25, 2013. 7 the late cofounder of Apple, Steve Jobs . . . Jobs’s interest in shoshin and other Zen principles has been chronicled in a number of places, including Walter Isaacson’s biography Steve Jobs (New York: Simon and Schuster, 2011); as well as Daniel Burke, “Steve Jobs’ Private Spirituality Now an Open Book,” USA Today, November 2, 2011; and my own article for Fast Company, “What Zen Taught Steve Jobs (and Silicon Valley) about Innovation,” April 9, 2012, http://www.fastcodesign.com/1669387/what-zen-taught-silicon-valley-and-steve-jobs-about-innovation. 8 a bit of ancient wisdom, brought to . . .
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The company figured that the only way to pull off something as audacious as this was through a partnership with a tech company. Striking a collaborative deal with Steve Jobs and Apple wasn’t easy. (According to a press report, Jobs initially berated Nike chief executive9 Mark Parker for trying to expand into digital; stick to the sneakers was Jobs’s message, with a profanity or two thrown in.) But eventually, Nike won over Jobs and produced a hybrid product, Nike+, which wirelessly connected a Nike running shoe to an Apple iPod device, which was in turn connected to a website. A classic “smart recombination,” it enabled the runner to program music, track running and health data, communicate with other runners, find running partners, share tips, and so forth.
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Many businesspeople seemed to be aware, on some level, of a link between questioning and innovation. They understood that great products, companies, even industries, often begin with a question. It’s well-known that Google, as described by its chairman, is a company that “runs on questions,”2 and that business stars such as the late Steve Jobs of Apple and Amazon’s Jeff Bezos made their mark by questioning everything. Yet, as I began to explore this subject within the business sector, I found few companies that actually encouraged questioning in any substantive way. There were no departments or training programs focused on questioning; no policies, guidelines, best practices.
Exploding the Phone: The Untold Story of the Teenagers and Outlaws Who Hacked Ma Bell by Phil Lapsley
air freight, Apple II, Bill Gates: Altair 8800, Bob Noyce, card file, classic study, cuban missile crisis, dumpster diving, Garrett Hardin, Hush-A-Phone, index card, Jason Scott: textfiles.com, John Markoff, Menlo Park, military-industrial complex, Neal Stephenson, popular electronics, Richard Feynman, Saturday Night Live, Silicon Valley, Steve Jobs, Steve Wozniak, Steven Levy, The Home Computer Revolution, the new new thing, the scientific method, Tragedy of the Commons, undersea cable, urban renewal, wikimedia commons
Thanks to Charley and some software Draper had written, some of phone phreaking’s drudgery was eliminated; what Charlie Pyne and Jake Locke had to do with their index fingers at Harvard in the 1960s—dialing thousands of numbers and listening for dial tones—an Apple II could now do automatically. According to Wozniak, Draper cracked some twenty WATS extenders by Charley’s brute-force dialing of codes while Draper was working at Apple. All this did not sit well with Steve Jobs and the other managers at Apple, who thought the Charley Board product was a bit too risky and, besides, they disliked Draper to begin with. Charley was shelved. Draper left Apple and moved from California to rural Pennsylvania to work at a friend’s company designing a product for the emerging cable television industry.
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Riches, or promises of riches, or maybe just a fun job that might pay the bills beckoned. In 1976 former phone phreaks Steve Jobs and Steve Wozniak were selling Apple I computers to their fellow hobbyists. “Jobs placed ads in hobbyist publications and they began selling Apples for the price of $666.66,” journalist Steven Levy wrote. “Anyone in Homebrew could take a look at the schematics for the design, Woz’s BASIC was given away free with the purchase of a piece of equipment that connected the computer to a cassette recorder.” The fully assembled and tested Apple II followed later that year. By 1977 microcomputers had begun to enter the mainstream.
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And it made me want to have more of those adventures by designing more things like my blue box, weird things that worked in ways that people didn’t expect. For the rest of my life, that was the reason I kept doing project after project after project, usually with Steve Jobs. You could trace it right up to the Apple II computer. It was the start of wanting to constantly design things very, very well and get noticed for it. Steve and I were a team from that day on. He once said that Apple wouldn’t have existed without the blue box, and I agree. Today a lot of people are computer hackers and a lot of them just want to cause problems for others—they’re like vandals. I was not a vandal, I was just curious.
Custodians of the Internet: Platforms, Content Moderation, and the Hidden Decisions That Shape Social Media by Tarleton Gillespie
4chan, A Declaration of the Independence of Cyberspace, affirmative action, Airbnb, algorithmic bias, algorithmic management, AltaVista, Amazon Mechanical Turk, borderless world, Burning Man, complexity theory, conceptual framework, crowdsourcing, deep learning, do what you love, Donald Trump, drone strike, easy for humans, difficult for computers, Edward Snowden, eternal september, fake news, Filter Bubble, Gabriella Coleman, game design, gig economy, Google Glasses, Google Hangouts, hiring and firing, Ian Bogost, independent contractor, Internet Archive, Jean Tirole, John Gruber, Kickstarter, Mark Zuckerberg, mass immigration, Menlo Park, Minecraft, moral panic, multi-sided market, Netflix Prize, Network effects, pattern recognition, peer-to-peer, power law, real-name policy, recommendation engine, Rubik’s Cube, Salesforce, sharing economy, Silicon Valley, Skype, slashdot, Snapchat, social graph, social web, Steve Jobs, Stewart Brand, TED Talk, Telecommunications Act of 1996, two-sided market, WikiLeaks, Yochai Benkler
See also “Average App Store Review Times,” http://appreviewtimes.com/. 25Laura McGann, “Mark Fiore Can Win a Pulitzer Prize, but He Can’t Get his iPhone Cartoon App Past Apple’s Satire Police,” Nieman Lab, April 15, 2010. http://www.niemanlab.org/2010/04/mark-fiore-can-win-a-pulitzer-prize-but-he-cant-get-his-iphone-cartoon-app-past-apples-satire-police/. 26Gabe Jacobs, “Bushisms iPhone App Rejected,” Gabe Jacobs Blog, September 13, 2008, http://www.gabejacobsblog.com/2008/09/13/bushisms-iphone-app-rejected/ (no longer available online); Alec, “Freedom Time Rejected by Apple for App Store,” Juggleware Dev Blog, September 21, 2008, https://www.juggleware.com/blog/2008/09/freedomtime-rejected-by-apple-for-app-store/. 27Robin Wauters, “Apple Rejects Obama Trampoline iPhone App, Leaves Us Puzzled,” TechCrunch, February 7, 2009, http://techcrunch.com/2009/02/07/apple-rejects-obama-trampoline-iphone-app-leaves-us-puzzled/; Don Bora, “Rejected App (Biden’s Teeth),” Eight Bit Blog, June 6, 2009, http://blog.eightbitstudios.com/rejected-app. 28“iSinglePayer iPhone App Censored by Apple,” Lambda Jive, September 26, 2009, http://lambdajive.wordpress.com/2009/09/. 29Alec, “Steve Jobs Responds,” Juggleware Dev Blog, September 23, 2008, http://www.juggleware.com/blog/2008/09/steve-jobs-writes-back/. 30Ryan Singel, “Jobs Rewrites History about Apple Ban on Satire,” Wired, June 3, 2010, https://www.wired.com/2010/06/jobs-apple-satire-ban/. 31Alexia Tsotsis, “WikiLeaks iPhone App Made $5,840 before Pulled by Apple, $1 From Each Sale Will Be Donated to WikiLeaks,” TechCrunch, December 22, 2010, https://techcrunch.com/2010/12/22/wikileaks-2/. 32Rebecca Greenfield, “Apple Rejected the Drone Tracker App Because It Could,” Atlantic, August 30, 2012, https://www.theatlantic.com/technology/archive/2012/08/apple-rejected-drone-tracker-app-because-it-could/324120/. 33Ryan Chittum, “Apple’s Speech Policies Should Still Worry the Press,” Columbia Journalism Review, April 20, 2010, http://www.cjr.org/the_audit/apples_speech_policies_should.php. 34Charles Christensen, “iPad Publishing No Savior for Small Press, LGBT Comics Creators,” Prism Comics, June 2010, http://prismcomics.org/display.php?
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So only certain providers have voluntarily taken on this burden. Among the largest social media platforms, Apple’s App Store is the only one that has instituted a review mechanism for user-provided content that precedes the content’s being made available. For Apple, this was extremely important. Ensuring the user “freedom from porn,” as Steve Jobs notoriously promised, was just part of the broader promise of the iPhone and iPad.14 Apple wanted the feel and experience of each device to seamlessly extend to the apps designed for it. Imposing a review process for third-party apps, to ensure that they meet Apple’s standards of technical quality and design but also of propriety, was a way to protect the Apple brand—by extending the boundaries of the commodity itself to include not just the iPhone or iPad but a carefully moderated set of apps for them.
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The Birth of the Bleep and Modern American Censorship,” Verge, August 27, 2013, https://www.theverge.com/2013/8/27/4545388/curses-the-birth-of-the-bleep-and-modern-american-censorship. 13Horwitz, “The First Amendment Meets Some New Technologies”; Lane, The Decency Wars. 14Ryan Tate, “Steve Jobs Offers World ‘Freedom from Porn,’” Gawker, May 15, 2010, http://gawker.com/5539717/steve-jobs-offers-world-freedom-from-porn. 15Zittrain, The Future of the Internet and How to Stop It; Grimmelman and Ohm, “Dr. Generative”; Steven Johnson, “Everybody’s Business—How Apple Has Rethought a Gospel of the Web,” New York Times, April 10, 2010, http://www.nytimes.com/2010/04/11/technology/internet/11every.html. 16Hestres, “App Neutrality.” 17Weber, The Success of Open Source; Fred von Lohmann, “All Your Apps Are Belong to Apple: The iPhone Developer Program License Agreement,” Electronic Frontier Foundation, March 9, 2010, https://www.eff.org/deeplinks/2010/03/iphone-developer-program-license-agreement-all. 18Rogers, “Jailbroken.” 19Nick Statt, “US Government Says It’s Now Okay to Jailbreak Your Tablet and Smart TV,” Verge, October 27, 2015, http://www.theverge.com/2015/10/27/9622066/jailbreak-unlocked-tablet-smart-tvs-dmca-exemption-library-of-congress. 20Boudreau and Hagiu, “Platform Rules.” 21Morris and Elkins, “There’s a History for That”; Nieborg, “Crushing Candy.” 22Elaluf-Calderwood et al., “Control as a Strategy”; Tiwana, Konsynski, and Bush, “Platform Evolution.” 23Barzilai-Nahon, “Toward a Theory of Network Gatekeeping.” 24Graham Spencer, “Developers: Apple’s App Review Needs Big Improvements,” MacStories, March 1, 2016, https://www.macstories.net/stories/developers-apples-app-review-needs-big-improvements/.
Big Data: A Revolution That Will Transform How We Live, Work, and Think by Viktor Mayer-Schonberger, Kenneth Cukier
23andMe, Affordable Care Act / Obamacare, airport security, Apollo 11, barriers to entry, Berlin Wall, big data - Walmart - Pop Tarts, Black Swan, book scanning, book value, business intelligence, business process, call centre, cloud computing, computer age, correlation does not imply causation, dark matter, data science, double entry bookkeeping, Eratosthenes, Erik Brynjolfsson, game design, hype cycle, IBM and the Holocaust, index card, informal economy, intangible asset, Internet of things, invention of the printing press, Jeff Bezos, Joi Ito, lifelogging, Louis Pasteur, machine readable, machine translation, Marc Benioff, Mark Zuckerberg, Max Levchin, Menlo Park, Moneyball by Michael Lewis explains big data, Nate Silver, natural language processing, Netflix Prize, Network effects, obamacare, optical character recognition, PageRank, paypal mafia, performance metric, Peter Thiel, Plato's cave, post-materialism, random walk, recommendation engine, Salesforce, self-driving car, sentiment analysis, Silicon Valley, Silicon Valley startup, smart grid, smart meter, social graph, sparse data, speech recognition, Steve Jobs, Steven Levy, systematic bias, the scientific method, The Signal and the Noise by Nate Silver, The Wealth of Nations by Adam Smith, Thomas Davenport, Turing test, vertical integration, Watson beat the top human players on Jeopardy!
Whenever a new marker is discovered, a person’s DNA (or more precisely, the relevant part of it) has to be sequenced again. Working with a subset, rather than the whole, entails a tradeoff: the company can find what it is looking for faster and more cheaply, but it can’t answer questions that it didn’t consider in advance. Apple’s legendary chief executive Steve Jobs took a totally different approach in his fight against cancer. He became one of the first people in the world to have his entire DNA sequenced as well as that of his tumor. To do this, he paid a six-figure sum—many hundreds of times more than the price 23andMe charges. In return, he received not a sample, a mere set of markers, but a data file containing the entire genetic codes.
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Reduce each decision to a simple logic problem. That data eventually becomes a crutch for every decision, paralyzing the company.” Brilliance doesn’t depend on data. Steve Jobs may have continually improved the Mac laptop over years on the basis of field reports, but he used his intuition, not data, to launch the iPod, iPhone, and iPad. He relied on his sixth sense. “It isn’t the consumers’ job to know what they want,” he famously said, when telling a reporter that Apple did no market research before releasing the iPad. In the book Seeing Like a State, the anthropologist James Scott of Yale University documents the ways in which governments, in their fetish for quantification and data, end up making people’s lives miserable rather than better.
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Ironically, Google’s co-founders wanted to hire Steve Jobs as CEO (despite his lack of a college degree); Levy, p. 80. Testing 41 gradations of blue—Laura M. Holson, “Putting a Bolder Face on Google,” New York Times, March 1, 2009 (http://www.nytimes.com/2009/03/01/business/01marissa.html). Google’s chief designer’s resignation—Quotation is excerpted (without ellipses for readability) from Doug Bowman, “Goodbye, Google,” blog post, March 20, 2009 (http://stopdesign.com/archive/2009/03/20/goodbye-google.html). [>] Jobs quotation—Steve Lohr, “Can Apple Find More Hits Without Its Tastemaker?” New York Times, January 18, 2011, p.
Why Information Grows: The Evolution of Order, From Atoms to Economies by Cesar Hidalgo
Ada Lovelace, Albert Einstein, Arthur Eddington, assortative mating, business cycle, Claude Shannon: information theory, David Ricardo: comparative advantage, Douglas Hofstadter, Everything should be made as simple as possible, Ford Model T, frictionless, frictionless market, George Akerlof, Gödel, Escher, Bach, income inequality, income per capita, industrial cluster, information asymmetry, invention of the telegraph, invisible hand, Isaac Newton, James Watt: steam engine, Jane Jacobs, job satisfaction, John von Neumann, Joi Ito, New Economic Geography, Norbert Wiener, p-value, Paul Samuelson, phenotype, price mechanism, Richard Florida, Robert Solow, Ronald Coase, Rubik’s Cube, seminal paper, Silicon Valley, Simon Kuznets, Skype, statistical model, Steve Jobs, Steve Wozniak, Steven Pinker, Stuart Kauffman, tacit knowledge, The Market for Lemons, The Nature of the Firm, The Wealth of Nations by Adam Smith, total factor productivity, transaction costs, working-age population
While personal computers tend to have an identifiable brand, different firms design and manufacture different parts of a finished computer. Even Apple’s devices, which are proudly designed in California, contain parts—such as their displays—that are designed and manufactured by others, including Apple’s nemesis, Samsung.8 In fact, soon after Steve Jobs returned to Apple he begun to outsource the manufacturing of devices, relying heavily on technologies from other firms.9 The iPod was made possible by a small hard drive that was invented by Toshiba. The Gorilla Glass screen of the iPhone was the brainchild of Corning, a glass manufacturer in upstate New York. What is true for Apple products is also true for many other modern devices.
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Silicon Valley’s knowledge and knowhow are not contained in a collection of perennially unemployed experts but rather in the experts working in firms that participate in the design and development of software and hardware. In fact, the histories of most firms in Silicon Valley are highly interwoven. Steve Jobs worked at Atari and Steve Wozniak worked at HP before starting Apple. As mentioned previously, Steve Jobs is also famously known for “borrowing” the ideas of a graphical user interface and object-oriented programming from Xerox PARC. If HP, Atari, and Xerox PARC had not been located in the valley, it is likely that the knowledge and knowhow needed to get Apple started would not have been there, either. Hence, industries that require subsets of the knowledge and knowhow needed in other industries represent essential stepping-stones in the process of industrial diversification.
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So social institutions affect not only the size of the networks that people form but also their adaptability, and this helped Silicon Valley leave Route 128 in the dust.15 Silicon Valley’s porous boundaries and adaptability are exemplified in Steve Jobs’ famous visit to Xerox’s Palo Alto Research Center (Xerox PARC) in late 1979. It was there that Jobs learned about graphical user interfaces (GUIs) and object-oriented programming. Ultimately Apple, not Xerox, was the company that succeeded in commercializing these technologies. Intellectual property purists might complain about Apple and not Xerox profiting from these ideas, but a more pragmatic view holds that it was better for the long-term sustainability of Silicon Valley to have Apple (or anyone, for that matter) develop and commercialize ideas that otherwise could have died in the inboxes of Xerox’s managers or, worse, might have been commercialized by a company in a competing cluster.
Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future by Ashlee Vance
addicted to oil, Burning Man, clean tech, digital map, El Camino Real, Elon Musk, fail fast, Ford Model T, gigafactory, global supply chain, Great Leap Forward, high-speed rail, Hyperloop, industrial robot, Jeff Bezos, Kickstarter, Kwajalein Atoll, Larry Ellison, low earth orbit, Mark Zuckerberg, Mars Society, Maui Hawaii, Max Levchin, Menlo Park, Mercator projection, military-industrial complex, money market fund, multiplanetary species, off-the-grid, optical character recognition, orbital mechanics / astrodynamics, PalmPilot, paypal mafia, performance metric, Peter Thiel, pneumatic tube, pre–internet, risk tolerance, Ronald Reagan, Sand Hill Road, Scaled Composites, self-driving car, side project, Silicon Valley, Silicon Valley startup, Solyndra, Steve Jobs, Steve Jurvetson, technoutopianism, Tesla Model S, Tony Fadell, transaction costs, Tyler Cowen, Tyler Cowen: Great Stagnation, vertical integration, Virgin Galactic, We wanted flying cars, instead we got 140 characters, X Prize
The cosmetic issues, though, were minor compared to a tumultuous set of internal circumstances, revealed in detail here for the first time, that threatened to bankrupt the company once again. Musk had hired George Blankenship, a former Apple executive, to run its stores and service-center operations. At Apple, Blankenship worked just a couple of doors down from Steve Jobs and received credit for building much of the Apple Store strategy. When Tesla first hired Blankenship, the press and public were atwitter, anticipating that’d he do something spectacular and at odds with the traditions of the automotive industry. Blankenship did some of that. He expanded Tesla’s number of stores throughout the world and imbued them with that Apple Store vibe. Along with showcasing the Model S, the Tesla stores sold hoodies and hats and had areas in the back where kids would find crayons and Tesla coloring books.
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*At some point from late 2007 to 2008, Musk also tried to hire Tony Fadell, an executive at Apple who is credited with bringing the iPod and iPhone to life. Fadell remembered being recruited for the CEO job at Tesla, while Musk remembered it more as a chief operating officer type of position. “Elon and I had multiple discussions about me joining as Tesla’s CEO, and he even went to the lengths of staging a surprise party for me when I was going to visit their offices,” Fadell said. Steve Jobs caught wind of these meetings and turned on the charm to keep Fadell. “He was sure nice to me for a while,” Fadell said. A couple of years later, Fadell left Apple to found Nest, a maker of smart-home devices, which Google then acquired in 2014.
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SpaceX flew a supply capsule to the International Space Station and brought it safely back to Earth. Tesla Motors delivered the Model S, a beautiful, all-electric sedan that took the automotive industry’s breath away and slapped Detroit sober. These two feats elevated Musk to the rarest heights among business titans. Only Steve Jobs could claim similar achievements in two such different industries, sometimes putting out a new Apple product and a blockbuster Pixar movie in the same year. And yet, Musk was not done. He was also the chairman and largest shareholder of SolarCity, a booming solar energy company poised to file for an initial public offering. Musk had somehow delivered the biggest advances the space, automotive, and energy industries had seen in decades in what felt like one fell swoop.
Founders at Work: Stories of Startups' Early Days by Jessica Livingston
"World Economic Forum" Davos, 8-hour work day, Aaron Swartz, affirmative action, AltaVista, Apple II, Apple Newton, Bear Stearns, Boeing 747, Brewster Kahle, business cycle, business process, Byte Shop, Compatible Time-Sharing System, Danny Hillis, David Heinemeier Hansson, digital rights, don't be evil, eat what you kill, fake news, fear of failure, financial independence, Firefox, full text search, game design, General Magic , Googley, Hacker News, HyperCard, illegal immigration, Internet Archive, Jeff Bezos, Joi Ito, Justin.tv, Larry Wall, Maui Hawaii, Max Levchin, Menlo Park, Mitch Kapor, Multics, nuclear winter, PalmPilot, Paul Buchheit, Paul Graham, Peter Thiel, proprietary trading, Richard Feynman, Robert Metcalfe, Ruby on Rails, Sam Altman, Sand Hill Road, side project, Silicon Valley, slashdot, social software, software patent, South of Market, San Francisco, Startup school, stealth mode startup, Steve Ballmer, Steve Jobs, Steve Jurvetson, Steve Wozniak, The Soul of a New Machine, web application, Y Combinator
C H A P T 3 E R Steve Wozniak Cofounder, Apple Computer If any one person can be said to have set off the personal computer revolution, it might be Steve Wozniak. He designed the machine that crystallized what a desktop computer was: the Apple II. Wozniak and Steve Jobs founded Apple Computer in 1976. Between Wozniak’s technical ability and Jobs’s mesmerizing energy, they were a powerful team. Woz first showed off his home-built computer, the Apple I, at Silicon Valley’s Homebrew Computer Club in 1976. After Jobs landed a contract with the Byte Shop, a local computer store, for 100 preassembled machines, Apple was launched on a rapid ascent.
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We wanted to be able to demonstrate that you could use the same technology on the screen that you used on the printed page. Apple had actually been working on that for a while. Their technology was called TrueType. We were trying to market our solution to Apple, not with a lot of success. By then Steve Jobs had left. He’d been the primary Adobe champion inside Apple. Now Jean-Louis Gassée had taken over the product side of the business, and for whatever reason, Jean-Louis and Adobe never got along. So we were beginning to really have a problem with Apple. They were getting tired of paying us royalties for the LaserWriter; they thought that they shouldn’t have to pay anymore.
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It was sad to see him go because he supported good people so well in the company. Steve Wozniak 47 Livingston: What about Ron Wayne? Wasn’t he one of the founders? Wozniak: Yes, but not when we incorporated as a real company. We had two phases. One was as a partnership with Steve Jobs for the Apple I, and then for the Apple II, we became a corporation, Apple Computer, Incorporated. Steve knew Ron at Atari and liked him. Ron was a super-conservative guy. I didn’t know anything about politics of any sort; I avoided it. But he had read all these right-wing books like None Dare Call it Treason, and he could rattle the stuff off.
The Content Trap: A Strategist's Guide to Digital Change by Bharat Anand
Airbnb, Alan Greenspan, An Inconvenient Truth, AOL-Time Warner, Benjamin Mako Hill, Bernie Sanders, Clayton Christensen, cloud computing, commoditize, correlation does not imply causation, creative destruction, crowdsourcing, death of newspapers, disruptive innovation, Donald Trump, driverless car, electricity market, Eyjafjallajökull, fulfillment center, gamification, Google Glasses, Google X / Alphabet X, information asymmetry, Internet of things, inventory management, Jean Tirole, Jeff Bezos, John Markoff, Just-in-time delivery, Kaizen: continuous improvement, Khan Academy, Kickstarter, late fees, managed futures, Mark Zuckerberg, market design, Minecraft, multi-sided market, Network effects, post-work, price discrimination, publish or perish, QR code, recommendation engine, ride hailing / ride sharing, Salesforce, selection bias, self-driving car, shareholder value, Shenzhen special economic zone , Shenzhen was a fishing village, Silicon Valley, Silicon Valley startup, Skype, social graph, social web, special economic zone, Stephen Hawking, Steve Jobs, Steven Levy, Stuart Kauffman, the long tail, Thomas L Friedman, transaction costs, two-sided market, ubercab, vertical integration, WikiLeaks, winner-take-all economy, zero-sum game
“insanely great” This is how Steve Jobs famously referred to the Macintosh at its launch event in 1984, and subsequently to many new products; see also Jessie Hartland, Steve Jobs: Insanely Great (New York: Schwartz & Wade, 2015); Billboard Staff, “Steve Jobs: A Collection of His Classic Quotes,” Billboard , last modified October 5, 2011. the iPod wasn’t the first Daryl Deino, “Five Portable Mp3 Players That Arrived Before the iPod,” Examiner.com , May 25, 2013, accessed June 7, 2016, http://www.examiner.com/list/five-portable-mp3-players-that-arrived-before-the-ipod . Between 2002 and 2013 more than ten billion songs “iTunes Store Tops 10 Billion Songs Sold,” Apple press information, Apple.com, February 25, 2010, accessed June 7, 2016, https://www.apple.com/pr/library/2010/02/25iTunes-Store-Tops-10-Billion-Songs-Sold.html.
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,” AppleInsider, October 11, 2007, accessed June 7, 2016, http://appleinsider.com/articles/07/10/11/ipod_classic_the_last_hurrah_for_hdd_based_ipods ; MacNN staff, “iPod Classic May Be a ‘Stopgap’ Device,” MacNN, October 11, 2007, accessed June 7, 2016, http://www.macnn.com/articles/07/10/11/ipod.classic.teardown/ . “Thoughts on Music”…“DRM Free”…“create a truly interoperable music marketplace” Memorandum by Steve Jobs, “Thoughts on Music,” originally published on Apple’s website, February 6, 2007, accessed March 30, 2016, http://web.archive.org/web/20080517114107/; http://www.apple.com/hotnews/thoughtsonmusic. the numbers hadn’t increased much “Apple’s iTunes Store Passes 35 Billion Songs Sold Milestone,” MacDailyNews, May 29, 2014, accessed March 30, 2016; http://mac -dailynews.com/2014/05/29/apples-itunes-store-passes-35-billion-songs-sold-milestone-itunes-radio-now-has-40-million-listeners/ .
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To understand how profound the consequences of these differences are, look no further than Apple—and its checkered history. Figure 5: Traditional Versus Networked Products DIRECT VERSUS INDIRECT NETWORKS: AND, WHEN STEVE JOBS FAILED Ask anyone about Apple’s unprecedented successes—its “i-triumphs”—of the past decade and you’ll hear about superb products, beautiful designs, and cool marketing. The same formula is generally considered key in media markets and many other businesses, from cars to clothes and hotels. But Apple had followed this formula for the better part of two decades in its battle with Microsoft for global leadership in personal computers—and lost.
Disrupted: My Misadventure in the Start-Up Bubble by Dan Lyons
activist fund / activist shareholder / activist investor, Airbnb, Ben Horowitz, Bernie Madoff, Big Tech, bitcoin, Blue Bottle Coffee, call centre, Carl Icahn, clean tech, cloud computing, content marketing, corporate governance, disruptive innovation, dumpster diving, Dunning–Kruger effect, fear of failure, Filter Bubble, Golden Gate Park, Google Glasses, Googley, Gordon Gekko, growth hacking, hiring and firing, independent contractor, Jeff Bezos, Larry Ellison, Lean Startup, Lyft, Marc Andreessen, Marc Benioff, Mark Zuckerberg, Mary Meeker, Menlo Park, minimum viable product, new economy, Paul Graham, pre–internet, quantitative easing, ride hailing / ride sharing, Rosa Parks, Salesforce, Sand Hill Road, sharing economy, Sheryl Sandberg, Silicon Valley, Silicon Valley ideology, Silicon Valley startup, Skype, Snapchat, software as a service, South of Market, San Francisco, Stanford prison experiment, Steve Ballmer, Steve Jobs, Steve Wozniak, tech billionaire, tech bro, tech worker, TED Talk, telemarketer, tulip mania, uber lyft, Y Combinator, éminence grise
Many of these people have never worked anywhere else. A lot of them aren’t very good. But here, they’re in charge. And I’m stuck working under them. Eight The Bozo Explosion Apple CEO Steve Jobs used to talk about a phenomenon called a “bozo explosion,” by which a company’s mediocre early hires rise up through the ranks and end up running departments. The bozos now must hire other people, and of course they prefer to hire bozos. As Guy Kawasaki, who worked with Jobs at Apple, puts it: “B players hire C players, so they can feel superior to them, and C players hire D players.” That’s the bozo explosion, and that’s what I believe has happened at HubSpot in the course of the last seven years.
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We were getting in on the ground floor of what would become a huge new market. In the 1980s Silicon Valley technology companies were boring places where engineers worked in drab office parks writing software or designing semiconductors and circuit boards and network routers. There weren’t any celebrities, other than Steve Jobs at Apple, and even he wasn’t such a big deal back then. In the early 1990s the Internet era began, and Silicon Valley changed. The new companies were flimsy, based on hype and grandiose rhetoric and the promise of making a fortune overnight. The dotcom boom of the late 1990s was followed by the dotcom bust, and then came a period when Silicon Valley felt like a ghost town.
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Then he will pause, as if he has just said something incredibly profound and wants to give you a moment to let it sink in. Then he repeats the line, and a ballroom full of marketing people cheer. But when I meet them together it occurs to me that their different personalities are probably why their partnership works. There’s a yin-and-yang quality, like the one between Steve Jobs and Steve Wozniak, the co-founders of Apple. Halligan is the Jobs figure, the corporate visionary, the guy who thinks about sales and marketing. Shah is like Woz, the nerdy software programmer. Shah is wearing scruffy jeans and a rumpled T-shirt, his usual attire. He has dark hair and a dark beard, flecked with gray.
The Buddha and the Badass: The Secret Spiritual Art of Succeeding at Work by Vishen Lakhiani
Abraham Maslow, Buckminster Fuller, Burning Man, call centre, Colonization of Mars, crowdsourcing, data science, deliberate practice, do what you love, Elon Musk, fail fast, fundamental attribution error, future of work, gamification, Google Glasses, Google X / Alphabet X, iterative process, Jeff Bezos, meta-analysis, microbiome, performance metric, Peter Thiel, profit motive, Ralph Waldo Emerson, Silicon Valley, Silicon Valley startup, skunkworks, Skype, social bookmarking, social contagion, solopreneur, Steve Jobs, Steven Levy, TED Talk, web application, white picket fence, work culture
The destruction of the environment, the rise of nationalism, the health and obesity crisis, the fact that millions of people lack basic necessities like water or a decent education. Or even just making people’s lives better through good design, great products, and useful services. There is a famous story that shows how Steve Jobs used this tactic to motivate Apple engineers to speed up the start time of an early Mac. In his article “Saving Lives,” published in 1983, Andy Hertzfeld, one of the computer scientists on the original development team during the 1980s, writes: One of the things that bothered Steve Jobs the most was the time that it took to boot when the Mac was first powered on. It could take a couple of minutes, or even more, to test memory, initialize the operating system, and load the Finder.
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If these types of workers are in an organization, they move with fluidity and ease, nailing projects with a smile on their face. Getting the coveted raises and promotions. Many of them are able to handle multiple projects at once. Juggling dual roles and responsibilities while making each project thrive, much like Steve Jobs juggled the roles of being a leader at both Pixar and Apple. Yet the forces of overwhelm dare not touch them. These superstar workers are often able to get in the zone at ease, displaying remarkable focus and creativity. And producing great work at dizzying speeds, like how Elton John released four albums in a single year and became responsible for 5 percent of all the music sold globally that year.
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They bury them out of modesty or a desire to appeal to the status quo. But remember this: In most cases anyone can imitate your business. But nobody can imitate your business if it’s built based on YOUR STORY. When your values infuse your business, you’ve given a special life to your creation. Steve Jobs infused Apple with values of aesthetics in an era when personal computers were ugly. Oprah infused her talk shows with the values of love and healing in an era when talk shows were using scandal and family gossip to gain viewers. If you’re a founder or leader, you of all people can’t ignore that you have deeply held personal foundational values that are driving you.
Americana: A 400-Year History of American Capitalism by Bhu Srinivasan
activist fund / activist shareholder / activist investor, American ideology, AOL-Time Warner, Apple II, Apple's 1984 Super Bowl advert, bank run, barriers to entry, Bear Stearns, Benchmark Capital, Berlin Wall, blue-collar work, Bob Noyce, Bonfire of the Vanities, British Empire, business cycle, buy and hold, California gold rush, Carl Icahn, Charles Lindbergh, collective bargaining, commoditize, Cornelius Vanderbilt, corporate raider, cotton gin, cuban missile crisis, Deng Xiaoping, diversification, diversified portfolio, Douglas Engelbart, Fairchild Semiconductor, financial innovation, fixed income, Ford Model T, Ford paid five dollars a day, global supply chain, Gordon Gekko, guns versus butter model, Haight Ashbury, hypertext link, Ida Tarbell, income inequality, information security, invisible hand, James Watt: steam engine, Jane Jacobs, Jeff Bezos, John Markoff, joint-stock company, joint-stock limited liability company, junk bonds, Kickstarter, laissez-faire capitalism, Louis Pasteur, Marc Andreessen, Menlo Park, Michael Milken, military-industrial complex, mortgage debt, mutually assured destruction, Norman Mailer, oil rush, peer-to-peer, pets.com, popular electronics, profit motive, punch-card reader, race to the bottom, refrigerator car, risk/return, Ronald Reagan, Sand Hill Road, self-driving car, shareholder value, side project, Silicon Valley, Silicon Valley startup, Steve Ballmer, Steve Jobs, Steve Wozniak, strikebreaker, Ted Nelson, The Death and Life of Great American Cities, the new new thing, The Predators' Ball, The Theory of the Leisure Class by Thorstein Veblen, The Wealth of Nations by Adam Smith, trade route, transcontinental railway, traveling salesman, Upton Sinclair, Vannevar Bush, Works Progress Administration, zero-sum game
“Just One More Bubble”: “If You Can Make It in Silicon Valley, You Can Make It . . . in Silicon Valley Again,” New York Times, June 5, 2005. Chapter 35: Mobile from George Lucas: Walter Isaacson, Steve Jobs (New York: Simon & Schuster, 2011), 240. Tim Berners-Lee attributed: Tim Berners-Lee, Weaving the Web: The Original Design and Ultimate Destiny of the World Wide Web (San Francisco, Harper, 1999), 22–23. making Jobs a billionaire: John Markoff, “Apple Computer Co-Founder Strikes Gold with New Stock,” New York Times, November 30, 1995. Apple agreed to buy: Isaacson, Steve Jobs, 301. lose over $1 billion: Apple Computer Inc., Annual Report (Washington DC: Securities and Exchange Commission, 1997)
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individual songs via Apple: Isaacson, Steve Jobs, 402–3. $7.7 billion versus $7.4 billion and eighty million hands: Apple Computer Inc., 2007 Annual Report (Washington DC: Securities and Exchange Commission, 2007). Jobs took the stage and “Every once in a while”: Steve Jobs, Keynote presentation of the iPhone at Macworld, San Francisco, January 9, 2007. “the most expensive phone”: Steve Ballmer, interview at Nortel, Innovative Communications Alliance, Power Lunch, January 17, 2007. 600 million units: Apple Computer Inc., 2015 Annual Report (Washington DC: Securities and Exchange Commission, 2015). Silicon Valley’s Tesla: Claire Cain Miller, “An All-Electric Sedan, Awaiting Federal Aid,” New York Times, March 26, 2009.
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Thirty-five MOBILE It was clear to almost all that Apple Computer’s time had passed. Microsoft dominated the personal computer. Upstarts dominated Internet services. Computer manufacturers like Dell made fortunes from machines that ran Windows, Microsoft’s ubiquitous operating system. In comparison, Apple’s world in 1997 was not just niche but a dying niche. Steve Jobs’s company had lost the war. Jobs himself had been a founder in absentia for twelve years, having been fired in 1985. His failure with the launch of the Macintosh, underwhelming in its initial sales, had been the final death knell. Apple’s story then became a classic tale of an enigmatic, iconoclastic founder making way for seasoned business leadership.
Americana by Bhu Srinivasan
activist fund / activist shareholder / activist investor, American ideology, AOL-Time Warner, Apple II, Apple's 1984 Super Bowl advert, bank run, barriers to entry, Bear Stearns, Benchmark Capital, Berlin Wall, blue-collar work, Bob Noyce, Bonfire of the Vanities, British Empire, business cycle, buy and hold, California gold rush, Carl Icahn, Charles Lindbergh, collective bargaining, commoditize, Cornelius Vanderbilt, corporate raider, cotton gin, cuban missile crisis, Deng Xiaoping, diversification, diversified portfolio, Douglas Engelbart, Fairchild Semiconductor, financial innovation, fixed income, Ford Model T, Ford paid five dollars a day, global supply chain, Gordon Gekko, guns versus butter model, Haight Ashbury, hypertext link, Ida Tarbell, income inequality, information security, invisible hand, James Watt: steam engine, Jane Jacobs, Jeff Bezos, John Markoff, joint-stock company, joint-stock limited liability company, junk bonds, Kickstarter, laissez-faire capitalism, Louis Pasteur, Marc Andreessen, Menlo Park, Michael Milken, military-industrial complex, mortgage debt, mutually assured destruction, Norman Mailer, oil rush, peer-to-peer, pets.com, popular electronics, profit motive, punch-card reader, race to the bottom, refrigerator car, risk/return, Ronald Reagan, Sand Hill Road, self-driving car, shareholder value, side project, Silicon Valley, Silicon Valley startup, Steve Ballmer, Steve Jobs, Steve Wozniak, strikebreaker, Ted Nelson, The Death and Life of Great American Cities, the new new thing, The Predators' Ball, The Theory of the Leisure Class by Thorstein Veblen, The Wealth of Nations by Adam Smith, trade route, transcontinental railway, traveling salesman, Upton Sinclair, Vannevar Bush, Works Progress Administration, zero-sum game
“Just One More Bubble”: “If You Can Make It in Silicon Valley, You Can Make It . . . in Silicon Valley Again,” New York Times, June 5, 2005. Chapter 35: Mobile from George Lucas: Walter Isaacson, Steve Jobs (New York: Simon & Schuster, 2011), 240. Tim Berners-Lee attributed: Tim Berners-Lee, Weaving the Web: The Original Design and Ultimate Destiny of the World Wide Web (San Francisco, Harper, 1999), 22–23. making Jobs a billionaire: John Markoff, “Apple Computer Co-Founder Strikes Gold with New Stock,” New York Times, November 30, 1995. Apple agreed to buy: Isaacson, Steve Jobs, 301. lose over $1 billion: Apple Computer Inc., Annual Report (Washington DC: Securities and Exchange Commission, 1997)
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individual songs via Apple: Isaacson, Steve Jobs, 402–3. $7.7 billion versus $7.4 billion and eighty million hands: Apple Computer Inc., 2007 Annual Report (Washington DC: Securities and Exchange Commission, 2007). Jobs took the stage and “Every once in a while”: Steve Jobs, Keynote presentation of the iPhone at Macworld, San Francisco, January 9, 2007. “the most expensive phone”: Steve Ballmer, interview at Nortel, Innovative Communications Alliance, Power Lunch, January 17, 2007. 600 million units: Apple Computer Inc., 2015 Annual Report (Washington DC: Securities and Exchange Commission, 2015). Silicon Valley’s Tesla: Claire Cain Miller, “An All-Electric Sedan, Awaiting Federal Aid,” New York Times, March 26, 2009.
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Thirty-five MOBILE It was clear to almost all that Apple Computer’s time had passed. Microsoft dominated the personal computer. Upstarts dominated Internet services. Computer manufacturers like Dell made fortunes from machines that ran Windows, Microsoft’s ubiquitous operating system. In comparison, Apple’s world in 1997 was not just niche but a dying niche. Steve Jobs’s company had lost the war. Jobs himself had been a founder in absentia for twelve years, having been fired in 1985. His failure with the launch of the Macintosh, underwhelming in its initial sales, had been the final death knell. Apple’s story then became a classic tale of an enigmatic, iconoclastic founder making way for seasoned business leadership.
Computer: A History of the Information Machine by Martin Campbell-Kelly, William Aspray, Nathan L. Ensmenger, Jeffrey R. Yost
Ada Lovelace, air freight, Alan Turing: On Computable Numbers, with an Application to the Entscheidungsproblem, Apple's 1984 Super Bowl advert, barriers to entry, Bill Gates: Altair 8800, Bletchley Park, borderless world, Buckminster Fuller, Build a better mousetrap, Byte Shop, card file, cashless society, Charles Babbage, cloud computing, combinatorial explosion, Compatible Time-Sharing System, computer age, Computer Lib, deskilling, don't be evil, Donald Davies, Douglas Engelbart, Douglas Engelbart, Dynabook, Edward Jenner, Evgeny Morozov, Fairchild Semiconductor, fault tolerance, Fellow of the Royal Society, financial independence, Frederick Winslow Taylor, game design, garden city movement, Gary Kildall, Grace Hopper, Herman Kahn, hockey-stick growth, Ian Bogost, industrial research laboratory, informal economy, interchangeable parts, invention of the wheel, Ivan Sutherland, Jacquard loom, Jeff Bezos, jimmy wales, John Markoff, John Perry Barlow, John von Neumann, Ken Thompson, Kickstarter, light touch regulation, linked data, machine readable, Marc Andreessen, Mark Zuckerberg, Marshall McLuhan, Menlo Park, Mitch Kapor, Multics, natural language processing, Network effects, New Journalism, Norbert Wiener, Occupy movement, optical character recognition, packet switching, PageRank, PalmPilot, pattern recognition, Pierre-Simon Laplace, pirate software, popular electronics, prediction markets, pre–internet, QWERTY keyboard, RAND corporation, Robert X Cringely, Salesforce, scientific management, Silicon Valley, Silicon Valley startup, Steve Jobs, Steven Levy, Stewart Brand, Ted Nelson, the market place, Turing machine, Twitter Arab Spring, Vannevar Bush, vertical integration, Von Neumann architecture, Whole Earth Catalog, William Shockley: the traitorous eight, women in the workforce, young professional
Microsoft, which came late to the PDA/smartphone platform business by licensing Windows-based mobile operating systems, had some success in the enterprise market before smartphones became consumer oriented and the touchscreen-based Apple iOS and Android systems rose to dominance. While Apple’s Macintosh was a technical success at its launch in 1984, it helped Microsoft far more than Apple itself (by showing the dominant operating-system company the way to a user-friendly graphics-based operating system). Apple Computer was struggling as a company in the mid-1980s, and co-founder and Macintosh team leader Steve Jobs lost a boardroom battle, was isolated from Apple’s management, and elected to resign from the firm. In 1985 Jobs formed NeXT, a computer platform development company focused on the educational and business markets.
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Within months of its initial launch at the beginning of 1975, the Altair 8800 had itself been eclipsed by dozens of new models produced by firms such as Applied Computer Technology, IMSAI, North Star, Cromemco, and Vector. THE RISE OF APPLE COMPUTER Most of the new computer firms fell almost as quickly as they rose, and only a few survived beyond the mid-1980s. Apple Computer was the rare exception in that it made it into the Fortune 500 and achieved long-term global success. Its initial trajectory, however, was quite typical of the early hobbyist start-ups. Apple was founded by two young computer hobbyists, Stephen Wozniak and Steve Jobs. Wozniak grew up in Cupertino, California, in the heart of the booming West Coast electronics industry.
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Despite being a failure in commercial terms, the Xerox Star presented a vision that would transform the way people worked on computers in the 1980s. STEVE JOBS AND THE MACINTOSH In December 1979 Steve Jobs was invited to visit Xerox PARC. When he made his visit, the network of prototype Alto computers had just begun to demonstrate Xerox’s office-of-the-future concept, and he was in awe of what he saw. Larry Tesler, who demonstrated the machines, recalled Jobs demanding, “Why isn’t Xerox marketing this? . . . You could blow everybody away!” This was of course just what Xerox intended to do with the Xerox Star, which was then under development. Returning to Apple’s headquarters at Cupertino, Jobs convinced his colleagues that the company’s next computer would have to look like the machine he had seen at Xerox PARC.
The End of Nice: How to Be Human in a World Run by Robots (Kindle Single) by Richard Newton
3D printing, Abraham Maslow, adjacent possible, Black Swan, British Empire, Buckminster Fuller, Clayton Christensen, crowdsourcing, deliberate practice, digital divide, disruptive innovation, fail fast, fear of failure, Filter Bubble, future of work, Google Glasses, growth hacking, Isaac Newton, James Dyson, Jaron Lanier, Jeff Bezos, job automation, lateral thinking, Lean Startup, lolcat, low skilled workers, Mark Zuckerberg, move fast and break things, Paul Erdős, Paul Graham, reality distortion field, recommendation engine, rising living standards, Robert Shiller, Silicon Valley, Silicon Valley startup, skunkworks, social intelligence, Steve Ballmer, Steve Jobs, Tyler Cowen, Y Combinator
He told Forbes magazine: “If there were moments I was stubborn in my life it was because I was really… REALLY believing in something that I wanted to see become a reality and every now and then people around me didn’t totally get it.” Selling and persuasion. That’s what it takes to put your vision into someone else’s head. At Apple they had a name for it. The Reality Distortion Field was the label they gave Steve Jobs’ pressure-selling charisma and its effect on those around him. You’ll have noticed something else about the list of successes a few paragraphs earlier. It’s how often they failed. And that’s the corollary of trying to innovate (or deviate) from the norm.
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It’s about crafting a life in the woods with Robin Hood rather than inside the castle with the Sheriff of Nottingham’s henchmen, joining Princess Leia’s rebels not Vader’s idiot stormtroopers. It’s about having a gleeful laugh and a gleam in your eye and learning the life-grabbing, Anti-Nice behaviour of Steve Jobs, Picasso, Peter Pan, Muhammad Ali and Houdini. In The Pirates of the Caribbean, James Norrington is the essentially decent, noble, honourable, and duty-driven Royal Navy captain whose decisions (and therefore whose life) is led according to rules made by the Admiralty in London. He sacrifices his personal happiness to do the “right” thing.
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To move against the forceful tide of our conditioning. It’s to be liberated from an attitude designed for different days. The choice in the end is a stark one: to be a servant to the Machine or a servant to your own creative potential. It’s what you call a “no-brainer”. …And one more thing, as Steve Jobs would say. At the same time as the Machine forces us into the corner where we can only work in ways it cannot, we are increasingly aware of the need to find satisfaction from our labour. Our ancestors worked to live: to provide a roof to live under and to put bread and water on the table. But now we, for all our financial hardships in recent years, are living an abundant life.
Facebook: The Inside Story by Steven Levy
active measures, Airbnb, Airbus A320, Amazon Mechanical Turk, AOL-Time Warner, Apple's 1984 Super Bowl advert, augmented reality, Ben Horowitz, Benchmark Capital, Big Tech, Black Lives Matter, Blitzscaling, blockchain, Burning Man, business intelligence, Cambridge Analytica, cloud computing, company town, computer vision, crowdsourcing, cryptocurrency, data science, deep learning, disinformation, don't be evil, Donald Trump, Dunbar number, East Village, Edward Snowden, El Camino Real, Elon Musk, end-to-end encryption, fake news, Firefox, Frank Gehry, Geoffrey Hinton, glass ceiling, GPS: selective availability, growth hacking, imposter syndrome, indoor plumbing, information security, Jeff Bezos, John Markoff, Jony Ive, Kevin Kelly, Kickstarter, lock screen, Lyft, machine translation, Mahatma Gandhi, Marc Andreessen, Marc Benioff, Mark Zuckerberg, Max Levchin, Menlo Park, Metcalfe’s law, MITM: man-in-the-middle, move fast and break things, natural language processing, Network effects, Oculus Rift, operational security, PageRank, Paul Buchheit, paypal mafia, Peter Thiel, pets.com, post-work, Ray Kurzweil, recommendation engine, Robert Mercer, Robert Metcalfe, rolodex, Russian election interference, Salesforce, Sam Altman, Sand Hill Road, self-driving car, sexual politics, Sheryl Sandberg, Shoshana Zuboff, side project, Silicon Valley, Silicon Valley startup, skeuomorphism, slashdot, Snapchat, social contagion, social graph, social software, South of Market, San Francisco, Startup school, Steve Ballmer, Steve Bannon, Steve Jobs, Steven Levy, Steven Pinker, surveillance capitalism, tech billionaire, techlash, Tim Cook: Apple, Tragedy of the Commons, web application, WeWork, WikiLeaks, women in the workforce, Y Combinator, Y2K, you are the product
Zuckerberg and Moskovitz urged Morin to join Facebook, but it was hard to leave Apple’s beautiful headquarters for a start-up crazytown in downtown Palo Alto. Once Moskovitz and Ezra Callahan visited Morin at Apple’s sprawling Infinite Loop campus. “This place is pretty nice,” they told him. “But one day we’ll be bigger.” Really? Morin thought. Come on! Morin tried to get his bosses at Apple excited about Facebook. His dream was for Apple to make a social operating system. Instead of organizing your system around files, why not around people? Maybe Apple could buy Facebook, as the basis of this new system. The matter came before CEO Steve Jobs. No go. Jobs was open to buying companies, but why join forces with a college-only site of a few million people when MySpace had fifty million?
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* * * • • • THERE WAS MORE than the usual move-fast imperative for Facebook to introduce its platform in a hurry. That January, Apple CEO Steve Jobs, to astonishment and acclaim, had introduced the iPhone. The announcement had created a frenzy, and people marked their calendars for the time in June when they would actually be able to buy one. In theory, the iPhone would not provide competition for Facebook’s platform. Steve Jobs had brushed off criticism that Apple was not allowing software developers to write applications directly to its operating system. In any case, Apple wanted nothing to do with social networks. But Facebook was wary of Jobs’s intent to close the iPhone to software developers.
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In brainstorming the event, Morin had a single template in mind: Steve Jobs’s celebrated Apple keynotes. To produce the graphics for Mark’s speech, Facebook used Ryan Spratt, who had worked so much on Jobs’s slides that Apple eventually gave him an office. To help conceptualize the message, Morin tapped Stone Yamashita Partners, a consultancy with extensive Apple experience. All of this would require something that Mark Zuckerberg had never done: keynoting a glitzy public event. Zuckerberg, of course, couldn’t be expected to match the glib elegance of Steve Jobs. “He’s an amazing communicator now, but in that time period he was still learning,” says Morin, perhaps overly kind in his current assessment.
Bold: How to Go Big, Create Wealth and Impact the World by Peter H. Diamandis, Steven Kotler
3D printing, additive manufacturing, adjacent possible, Airbnb, Amazon Mechanical Turk, Amazon Web Services, Apollo 11, augmented reality, autonomous vehicles, Boston Dynamics, Charles Lindbergh, cloud computing, company town, creative destruction, crowdsourcing, Daniel Kahneman / Amos Tversky, data science, deal flow, deep learning, dematerialisation, deskilling, disruptive innovation, driverless car, Elon Musk, en.wikipedia.org, Exxon Valdez, fail fast, Fairchild Semiconductor, fear of failure, Firefox, Galaxy Zoo, Geoffrey Hinton, Google Glasses, Google Hangouts, gravity well, hype cycle, ImageNet competition, industrial robot, information security, Internet of things, Jeff Bezos, John Harrison: Longitude, John Markoff, Jono Bacon, Just-in-time delivery, Kickstarter, Kodak vs Instagram, Law of Accelerating Returns, Lean Startup, life extension, loss aversion, Louis Pasteur, low earth orbit, Mahatma Gandhi, Marc Andreessen, Mark Zuckerberg, Mars Rover, meta-analysis, microbiome, minimum viable product, move fast and break things, Narrative Science, Netflix Prize, Network effects, Oculus Rift, OpenAI, optical character recognition, packet switching, PageRank, pattern recognition, performance metric, Peter H. Diamandis: Planetary Resources, Peter Thiel, pre–internet, Ray Kurzweil, recommendation engine, Richard Feynman, ride hailing / ride sharing, risk tolerance, rolodex, Scaled Composites, self-driving car, sentiment analysis, shareholder value, Sheryl Sandberg, Silicon Valley, Silicon Valley startup, skunkworks, Skype, smart grid, SpaceShipOne, stem cell, Stephen Hawking, Steve Jobs, Steven Levy, Stewart Brand, Stuart Kauffman, superconnector, Susan Wojcicki, synthetic biology, technoutopianism, TED Talk, telepresence, telepresence robot, Turing test, urban renewal, Virgin Galactic, Wayback Machine, web application, X Prize, Y Combinator, zero-sum game
These planes helped the United States win the cold war, of course, but their bigger impact was organizational: for the next half a century, whenever a company wanted to go bold, skunk was often the way innovation got done. Everyone from Raytheon and DuPont to Walmart and Nordstrom has gotten in on the skunk game. In the early 1980s, to offer another example, Apple cofounder Steve Jobs leased a building behind the Good Earth restaurant in Silicon Valley, stocked it with twenty brilliant designers, and created his own skunk works to build the first Macintosh computer.3 The division was set apart from Apple’s normal R&D department and led by Jobs himself. When people asked him why they needed this new facility, Jobs liked to say: “It is better to be a pirate than join the Navy.” The question is why.
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We’re taught that when you are given a choice you have to choose only one option. But why choose? All through graduate school I was told to either go to school or start a company. It was binary or bust. But not for me. In my case, the answer was both and then some. I started three companies while in graduate school. I started eight more before I was forty. Steve Jobs juggled both Apple and Pixar. Elon Musk runs three multibillion-dollar successes: Tesla Motors, SpaceX, and SolarCity. Branson, well, alongside his Virgin Management group, has started over five hundred companies, including eight billion-dollar companies in eight different industries. This multiple-choice approach—if properly managed—can create tremendous momentum.
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v=G-0KJF3uLP8. 31 “About Blue Origin,” Blue Origin, July 2014, http://www.blueorigin.com/about/. 32 Alistair Barr, “Amazon testing delivery by drone, CEO Bezos Says,” USA Today, December 2, 2013, referencing a 60 Minutes interview with Jeff Bezos, http://www.usatoday.com/story/tech/2013/12/01/amazon-bezos-drone-delivery/3799021/. 33 Jay Yarow, “Jeff Bezos’ Shareholder Letter Is Out,” Business Insider, April 10, 2014, http://www.businessinsider.com/jeff-bezos-shareholder-letter-2014-4. 34 “Larry Page Biography,” Academy of Achievement, January 21, 2011, http://www.achievement.org/autodoc/page/pag0bio-1. 35 Marcus Wohlsen, “Google Without Larry Page Would Not Be Like Apple Without Steve Jobs,” Wired, October 18, 2013, http://www.wired.com/2013/10/google-without-page/. 36 Google Inc., 2012, Form 10-K 2012, retrieved from SEC Edgar website: http://www.sec.gov/Archives/edgar/data/1288776/000119312513028362/d452134d10k.htm. 37 Larry Page, “Beyond Today—Larry Page—Zeitgeist 2012,” Google Zeitgeist, Zeitgeist Minds, May 22, 2012, https://www.youtube.com/watch?
Billion Dollar Loser: The Epic Rise and Spectacular Fall of Adam Neumann and WeWork by Reeves Wiedeman
Adam Neumann (WeWork), Airbnb, asset light, barriers to entry, Black Lives Matter, Blitzscaling, Burning Man, call centre, carbon footprint, company town, coronavirus, corporate governance, COVID-19, cryptocurrency, digital nomad, do what you love, Donald Trump, driverless car, dumpster diving, East Village, eat what you kill, Elon Musk, Erlich Bachman, fake news, fear of failure, Gavin Belson, Gordon Gekko, housing crisis, index fund, Jeff Bezos, low interest rates, Lyft, Marc Benioff, margin call, Mark Zuckerberg, Masayoshi Son, Maui Hawaii, medical residency, Menlo Park, microapartment, mortgage debt, Network effects, new economy, prosperity theology / prosperity gospel / gospel of success, reality distortion field, ride hailing / ride sharing, Salesforce, Sand Hill Road, sharing economy, Sheryl Sandberg, Silicon Valley, Silicon Valley startup, Skype, Snapchat, SoftBank, software as a service, sovereign wealth fund, starchitect, stealth mode startup, Steve Jobs, Steve Wozniak, subscription business, TechCrunch disrupt, the High Line, Tim Cook: Apple, too big to fail, Travis Kalanick, Uber for X, uber lyft, Vision Fund, WeWork, zero-sum game
Like many entrepreneurs, Adam admired Steve Jobs and all that he stood for—wild ambition, ruthless drive. But he warned that some aspects of Jobs’s revolution had come with a price. “Look where that got us: in a terrible recession,” Adam said. “The future is community.” America was preparing to reelect a former community organizer as president. Occupy Wall Street took over a park in lower Manhattan, and a sense persisted that the old world order no longer served humanity’s needs. WeWork was premised on the idea that even the most iconoclastic entrepreneurs couldn’t build a business without help. With Jobs having left Apple to deal with pancreatic cancer, Adam seemed eager to position his company as a rising star of the new economy and himself as a candidate for America’s next entrepreneur in chief.
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But the company was beginning to form itself in Adam’s image. For all his bluster, he could be an inspiring leader, pushing WeWork employees beyond their limits for the good of the cause and the promise of riches down the line. They compared his aura to the “reality distortion field” that an Apple employee once described as emanating from Steve Jobs, convincing anyone within its radius that the impossible was not only plausible, but exactly what they were going to do. After several workers installed a large stone table in a Manhattan WeWork, one employee noticed smears of blood left behind by one of the workers, which felt poetic.
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“Children are ready to start creating their life’s work when they’re five.” It was only a matter of time before the first WeGrow-educated entrepreneurs would need their own WeWork office. WeGrow made more sense to the company’s employees than a wave pool, but only slightly. What did they know about educating children? Steve Jobs had once asked his most senior employees to come up with a list of Apple’s top ten priorities, then said the company could manage only three. The Neumanns didn’t seem to share that sense of focus—apartments, wave pools, schools—and it was becoming difficult to see how the company could possibly develop an expertise in the range of businesses it was entering while still maintaining the growth of its core office-leasing operation.
Exponential Organizations: Why New Organizations Are Ten Times Better, Faster, and Cheaper Than Yours (And What to Do About It) by Salim Ismail, Yuri van Geest
23andMe, 3D printing, Airbnb, Amazon Mechanical Turk, Amazon Web Services, anti-fragile, augmented reality, autonomous vehicles, Baxter: Rethink Robotics, behavioural economics, Ben Horowitz, bike sharing, bioinformatics, bitcoin, Black Swan, blockchain, Blue Ocean Strategy, book value, Burning Man, business intelligence, business process, call centre, chief data officer, Chris Wanstrath, circular economy, Clayton Christensen, clean water, cloud computing, cognitive bias, collaborative consumption, collaborative economy, commoditize, corporate social responsibility, cross-subsidies, crowdsourcing, cryptocurrency, dark matter, data science, Dean Kamen, deep learning, DeepMind, dematerialisation, discounted cash flows, disruptive innovation, distributed ledger, driverless car, Edward Snowden, Elon Musk, en.wikipedia.org, Ethereum, ethereum blockchain, fail fast, game design, gamification, Google Glasses, Google Hangouts, Google X / Alphabet X, gravity well, hiring and firing, holacracy, Hyperloop, industrial robot, Innovator's Dilemma, intangible asset, Internet of things, Iridium satellite, Isaac Newton, Jeff Bezos, Joi Ito, Kevin Kelly, Kickstarter, knowledge worker, Kodak vs Instagram, Law of Accelerating Returns, Lean Startup, life extension, lifelogging, loose coupling, loss aversion, low earth orbit, Lyft, Marc Andreessen, Mark Zuckerberg, market design, Max Levchin, means of production, Michael Milken, minimum viable product, natural language processing, Netflix Prize, NetJets, Network effects, new economy, Oculus Rift, offshore financial centre, PageRank, pattern recognition, Paul Graham, paypal mafia, peer-to-peer, peer-to-peer model, Peter H. Diamandis: Planetary Resources, Peter Thiel, Planet Labs, prediction markets, profit motive, publish or perish, radical decentralization, Ray Kurzweil, recommendation engine, RFID, ride hailing / ride sharing, risk tolerance, Ronald Coase, Rutger Bregman, Salesforce, Second Machine Age, self-driving car, sharing economy, Silicon Valley, skunkworks, Skype, smart contracts, Snapchat, social software, software is eating the world, SpaceShipOne, speech recognition, stealth mode startup, Stephen Hawking, Steve Jobs, Steve Jurvetson, subscription business, supply-chain management, synthetic biology, TaskRabbit, TED Talk, telepresence, telepresence robot, the long tail, Tony Hsieh, transaction costs, Travis Kalanick, Tyler Cowen, Tyler Cowen: Great Stagnation, uber lyft, urban planning, Virgin Galactic, WikiLeaks, winner-take-all economy, X Prize, Y Combinator, zero-sum game
Founded in June 2010 and focused on low-end Android smartphones, the company sold twenty million handsets in 2013, recording annual revenues of more than $5 billion. Lei Jun, one of the founders, is seen as a Chinese Steve Jobs. That’s not just because he’s been heavily inspired by Apple’s design, marketing and supply chain management, but also because of Xiaomi’s intense focus on performance, quality and customer experience—characteristics that Lei Jun wants to make available to everyone at affordable prices. Xiaomi offers a curated Apple smartphone experience with the software development, speed and processes of Google Android, all at a low price. The company currently outsells Apple in China and is closing in on Samsung. Its products are available in four Asian countries and the company plans to expand to ten more emerging markets, including India and Brazil.
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We are information-enabling everything. An information-enabled environment delivers fundamentally disruptive opportunities. Even traditional industries are ripe for disruption. CHAPTER TWO A Tale of Two Companies In one of the most iconic moments in modern business history, Steve Jobs rocked the world in January 2007 with his announcement of the Apple iPhone, which debuted six months later. Literally everything in high tech changed that day—indeed, you might even call it a Singularity—as all existing strategies in consumer electronics were instantly rendered obsolete. At that moment, the entire future of the digital world had to be reconsidered.
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Unfortunately for Nokia, a small Israeli company called Waze was founded around the same time. Instead of making a massive capital investment in in-road sensor hardware, the founders of Waze chose instead to crowdsource location information by leveraging the GPS sensors on its users’ phones—the new world of smartphones just announced at Apple by Steve Jobs—to capture traffic information. Within two years, Waze was gathering traffic data from as many sources as Navteq had road sensors, and within four years it had ten times as many sources. What’s more, the cost of adding each new source was essentially zero, not to mention that Waze’s users regularly upgraded their phones—and thus Waze’s information base.
Aiming High: Masayoshi Son, SoftBank, and Disrupting Silicon Valley by Atsuo Inoue
Adam Neumann (WeWork), air freight, Apple II, bitcoin, Black Lives Matter, business climate, cloud computing, coronavirus, COVID-19, fixed income, game design, George Floyd, hive mind, information security, interest rate swap, Internet of things, Jeff Bezos, Kickstarter, Kōnosuke Matsushita, Larry Ellison, lateral thinking, Masayoshi Son, off grid, popular electronics, self-driving car, shareholder value, sharing economy, Silicon Valley, social distancing, SoftBank, Steve Ballmer, Steve Jobs, Steve Wozniak, TikTok, Vision Fund, WeWork
Son would turn 50 in August 2007 and – according to his life plan – he was determined to spend his fifties bringing his business aspirations to completion, with preparations in this respect having steadily been made, dating back to two years prior to the Vodafone acquisition and the unveiling of Apple’s iPhone. At the time Son had placed a lot of time and thought into what he would do if he entered the mobile phone market, and the conclusion he reached was he would require a secret weapon. And who did Son think of asking to forge such a technological weapon? None other than Steve Jobs, and he wasted no time in getting the ball rolling, ringing the Apple founder up for a teleconference. Steve Jobs may have possessed the charisma required to make Apple an international concern, but despite being the company’s founder he had occasionally been estranged due to his rather intense personality and verbal clashes.
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Each company has played a major role in the Internet in its unique way.’ It follows on that the third chapter would be mobile internet. ‘What was amazing about Steve Jobs was that he had invented the Apple II and opened up the first chapter of the information revolution along with Bill Gates but eventually he got fired by Apple and had a hard time. But – true genius that he was – he picked himself up, dusted himself off and once again completely redefined the future of humankind.’ Like Son says, there is no doubt that Steve Jobs was a bona fide genius, creating the platform during his second coming for each mobile service provider to accelerate and expand their own products’ growth.
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It was the start of an arms race within the nascent computer industry and the two had just developed a way for BASIC to run on an Altair. Gates was only 19 at the time whilst Allen was 22. Allen quit his job at Honeywell and Gates dropped out of Harvard to move to Albuquerque and start Microsoft. Steve Jobs and Steve Wozniak were also at the forefront of the emerging computer industry (they would go on to found Apple Computer Company in 1976), while Scott McNealy (Sun Microsystems) and Larry Ellison (Oracle) could also be said to be Son’s contemporaries. The digital information revolution was calling and all of these individual Damascus moments would lay the groundwork for it to become a reality.
How to Fix the Future: Staying Human in the Digital Age by Andrew Keen
"World Economic Forum" Davos, 23andMe, Ada Lovelace, Affordable Care Act / Obamacare, Airbnb, Albert Einstein, AlphaGo, Andrew Keen, Apple's 1984 Super Bowl advert, augmented reality, autonomous vehicles, basic income, Bernie Sanders, Big Tech, bitcoin, Black Swan, blockchain, Brewster Kahle, British Empire, carbon tax, Charles Babbage, computer age, Cornelius Vanderbilt, creative destruction, crowdsourcing, data is the new oil, death from overwork, DeepMind, Demis Hassabis, Didi Chuxing, digital capitalism, digital map, digital rights, disinformation, don't be evil, Donald Trump, driverless car, Edward Snowden, Elon Musk, Erik Brynjolfsson, European colonialism, fake news, Filter Bubble, Firefox, fulfillment center, full employment, future of work, gig economy, global village, income inequality, independent contractor, informal economy, Internet Archive, Internet of things, invisible hand, Isaac Newton, James Watt: steam engine, Jane Jacobs, Jaron Lanier, Jeff Bezos, jimmy wales, job automation, Joi Ito, Kevin Kelly, knowledge economy, Lyft, Marc Andreessen, Marc Benioff, Mark Zuckerberg, Marshall McLuhan, Menlo Park, Mitch Kapor, move fast and break things, Network effects, new economy, Nicholas Carr, Norbert Wiener, OpenAI, Parag Khanna, peer-to-peer, Peter Thiel, plutocrats, post-truth, postindustrial economy, precariat, Ralph Nader, Ray Kurzweil, Recombinant DNA, rent-seeking, ride hailing / ride sharing, Rutger Bregman, Salesforce, Sam Altman, Sand Hill Road, Second Machine Age, self-driving car, sharing economy, Silicon Valley, Silicon Valley billionaire, Silicon Valley ideology, Silicon Valley startup, Skype, smart cities, Snapchat, social graph, software is eating the world, Stephen Hawking, Steve Jobs, Steve Wozniak, subscription business, surveillance capitalism, Susan Wojcicki, tech baron, tech billionaire, tech worker, technological determinism, technoutopianism, The Future of Employment, the High Line, the new new thing, Thomas L Friedman, Tim Cook: Apple, Travis Kalanick, Triangle Shirtwaist Factory, Uber and Lyft, Uber for X, uber lyft, universal basic income, Unsafe at Any Speed, Upton Sinclair, urban planning, WikiLeaks, winner-take-all economy, Y Combinator, Yogi Berra, Zipcar
This crisis of our elites explains not only the scarcity of trust bedeviling most advanced democracies but also the populist ressentiment on both left and right, against the traditional ruling class. Yet it also feels as if we are all losing touch with something more essential than just the twentieth-century establishment. Losing touch with ourselves, perhaps. And with what it means to be human in an age of bewilderingly fast change. As Steve Jobs used to say, teasing his audience before unveiling one of Apple’s magical new products, there’s “one more thing” to talk about here. And it’s the biggest thing of all in our contemporary world. It is the digital revolution, the global hyperconnectivity powered by the internet, that lies behind much of the disruption. In 2016, I participated in a two-day World Economic Forum (WEF) workshop in New York City about the “digital transformation” of the world.
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Lick-lider,1 is considered a father of the internet—chose to name his new science after kybernetes. Networked technology, Wiener initially believed, could steer or pilot us to a better world. This assumption, which Wiener shared not only with Bush and Licklider, but with many other twentieth-century visionaries—including Steve Jobs and Steve Wozniak, the cofounders of Apple—was based on the conviction that this new technology would empower us with agency to change our societies. “You’ll see why 1984 won’t be like ‘1984,’” promised the iconic Super Bowl XVIII advertisement about the transformative power of Jobs’s and Wozniak’s new desktop computer.
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This will be the greatest question of the twenty-first century and Bezos has both the financial resources and the intellectual discipline to confront this astonishingly complex issue. I sense that Bezos is only now really breaking into his stride as a public figure. Like Steve Jobs, he is a man of superhuman ambitions and abilities. With Apple, Amazon—which Jeff Bezos founded in 1994—remains the most remarkable American company of the last half century. But if Bezos wants to be remembered by future generations, he should worry about jobs rather than e-commerce. Building the “Everything Store” is one thing; fixing the future is quite another.
Wild Ride: Inside Uber's Quest for World Domination by Adam Lashinsky
"Susan Fowler" uber, "World Economic Forum" Davos, Airbnb, always be closing, Amazon Web Services, asset light, autonomous vehicles, Ayatollah Khomeini, Benchmark Capital, business process, Chuck Templeton: OpenTable:, cognitive dissonance, corporate governance, DARPA: Urban Challenge, Didi Chuxing, Donald Trump, driverless car, Elon Musk, Erlich Bachman, gig economy, Golden Gate Park, Google X / Alphabet X, hustle culture, independent contractor, information retrieval, Jeff Bezos, John Zimmer (Lyft cofounder), Lyft, Marc Andreessen, Mark Zuckerberg, megacity, Menlo Park, multilevel marketing, new economy, pattern recognition, price mechanism, public intellectual, reality distortion field, ride hailing / ride sharing, Salesforce, San Francisco homelessness, Sand Hill Road, self-driving car, side hustle, Silicon Valley, Silicon Valley billionaire, Silicon Valley startup, Skype, Snapchat, South of Market, San Francisco, sovereign wealth fund, statistical model, Steve Jobs, super pumped, TaskRabbit, tech worker, Tony Hsieh, transportation-network company, Travis Kalanick, turn-by-turn navigation, Uber and Lyft, Uber for X, uber lyft, ubercab, young professional
Like other hands-on CEOs before him, Kalanick views his company’s offices not only as a reflection of the company’s values and aspirations, but as an extension of his own personality. Steve Jobs was the same way. Six months before his death he sat down on a couch next to me in his Palo Alto living room and proudly showed me a bound book of architectural drawings for the new Apple corporate campus he wouldn’t live to see. Months later he personally worked with an arborist to pick the apricot trees for the project. Kalanick, a few years younger than Jobs was when he returned to Apple for his second and final run, was communicating that to understand Uber’s work space was to understand Uber itself.
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But the place he sought entry into is an unreal world, as removed as one can be from the pedestrian life of Uzbek hacks in Queens. Indeed, though Kalanick blanches at acknowledging any influences, obsessing over the “kerning” of a logo is exactly what Steve Jobs did at Apple. And he was revered for it. Kalanick never met Jobs, but everyone in Silicon Valley can recite the lines from the hymnal of how Jobs wouldn’t rest until every font, typeface, and finely beveled edge had reached perfection. The Apple CEO was a master at instilling cognitive dissonance, persuading customers to overlook (usually fixable) defects in his products as well as the troubling working conditions of the contractors who made them.
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All the same, Kalanick was present nearly at the creation of Uber, and he supplied the critical insight that transformed someone else’s idea from merely interesting to undeniably groundbreaking. He has been Uber’s iron-fisted, omnipresent CEO from the time it first gained traction and began expanding beyond San Francisco. As a result, Uber has become as identified with Kalanick as Microsoft, Apple, and Facebook are with Bill Gates, Steve Jobs, and Mark Zuckerberg, respectively. Whether or not Uber becomes as powerful and highly valued as these enduring technology-industry titans, its CEO already has become an object of fascination and, for many, repulsion. In the short period that Uber went from an idea to the biggest of the so-called unicorns—privately held start-ups valued at more than $1 billion, once a rarity—Kalanick became world famous for his ruthlessness, lack of empathy, and willingness to flout anybody else’s rules.
Superminds: The Surprising Power of People and Computers Thinking Together by Thomas W. Malone
Abraham Maslow, agricultural Revolution, Airbnb, Albert Einstein, Alvin Toffler, Amazon Mechanical Turk, Apple's 1984 Super Bowl advert, Asperger Syndrome, Baxter: Rethink Robotics, bitcoin, blockchain, Boeing 747, business process, call centre, carbon tax, clean water, Computing Machinery and Intelligence, creative destruction, crowdsourcing, data science, deep learning, Donald Trump, Douglas Engelbart, Douglas Engelbart, driverless car, drone strike, Elon Musk, en.wikipedia.org, Erik Brynjolfsson, experimental economics, Exxon Valdez, Ford Model T, future of work, Future Shock, Galaxy Zoo, Garrett Hardin, gig economy, happiness index / gross national happiness, independent contractor, industrial robot, Internet of things, invention of the telegraph, inventory management, invisible hand, Jeff Rulifson, jimmy wales, job automation, John Markoff, Joi Ito, Joseph Schumpeter, Kenneth Arrow, knowledge worker, longitudinal study, Lyft, machine translation, Marshall McLuhan, Nick Bostrom, Occupy movement, Pareto efficiency, pattern recognition, prediction markets, price mechanism, radical decentralization, Ray Kurzweil, Rodney Brooks, Ronald Coase, search costs, Second Machine Age, self-driving car, Silicon Valley, slashdot, social intelligence, Stephen Hawking, Steve Jobs, Steven Pinker, Stewart Brand, technological singularity, The Nature of the Firm, The Wealth of Nations by Adam Smith, The Wisdom of Crowds, theory of mind, Tim Cook: Apple, Tragedy of the Commons, transaction costs, Travis Kalanick, Uber for X, uber lyft, Vernor Vinge, Vilfredo Pareto, Watson beat the top human players on Jeopardy!
So at least in the sense of being aware of and responsive to its environment, I think we would have to conclude that Apple is indeed conscious. Self-Awareness Apple is certainly aware of many aspects of itself and its corporate identity. From financial statements to market-share data, it constantly monitors many measures of its own performance. Apple executives (especially the late Steve Jobs) have not been shy about sharing Apple’s self-image as a company that makes “insanely great” products, and Apple’s advertising and public relations efforts are remarkably sophisticated and effective in reporting to the world at least some aspects of how Apple sees itself. I will probably never forget, for instance, Apple’s iconic “1984” Super Bowl commercial, which I showed to the first class I ever taught at MIT, in February 1984.
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The goal of this secretive internal training facility is to teach Apple managers the company’s proprietary way of managing, which Steve Jobs felt was quite different from what is taught in traditional MBA programs. For instance, course work at Apple University includes lessons in how Apple formulated its own retail strategy from scratch and how it took an unusual approach to commissioning factories in China.6 Given all these factors, it’s clear that in a variety of sophisticated ways, Apple is conscious in the sense of being self-aware. Goal-Directed Behavior Like any for-profit corporation, Apple needs to make a profit to survive.
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But just as you can speculate what it would be like to be other people and animals, you can at least speculate about what it might be like to be Apple. For instance, people can’t live without eating food, and if they don’t get enough, they feel hungry. Apple can’t live without making money, and if it doesn’t get enough, perhaps it feels something like hunger, too. In 1997, when Steve Jobs returned to Apple as CEO, for example, Apple had only about 90 days of cash left, and perhaps the company felt something like deep hunger pangs, perhaps even panic, at that point. But if Apple sometimes feels hunger for profits, I think it probably feels something closer to lust for creating innovative products.
The Future of the Internet: And How to Stop It by Jonathan Zittrain
A Declaration of the Independence of Cyberspace, algorithmic bias, Amazon Mechanical Turk, Andy Kessler, barriers to entry, behavioural economics, book scanning, Brewster Kahle, Burning Man, c2.com, call centre, Cass Sunstein, citizen journalism, Citizen Lab, Clayton Christensen, clean water, commoditize, commons-based peer production, corporate governance, Daniel Kahneman / Amos Tversky, digital divide, disruptive innovation, distributed generation, en.wikipedia.org, end-to-end encryption, Firefox, folksonomy, Free Software Foundation, game design, Hacker Ethic, Howard Rheingold, Hush-A-Phone, illegal immigration, index card, informal economy, information security, Internet Archive, jimmy wales, John Markoff, John Perry Barlow, license plate recognition, loose coupling, mail merge, Morris worm, national security letter, old-boy network, One Laptop per Child (OLPC), OSI model, packet switching, peer-to-peer, post-materialism, pre–internet, price discrimination, profit maximization, radical decentralization, Ralph Nader, RFC: Request For Comment, RFID, Richard Stallman, Richard Thaler, risk tolerance, Robert Bork, Robert X Cringely, SETI@home, Silicon Valley, Skype, slashdot, software patent, Steve Ballmer, Steve Jobs, Ted Nelson, Telecommunications Act of 1996, the Cathedral and the Bazaar, the long tail, The Nature of the Firm, The Wisdom of Crowds, Tragedy of the Commons, web application, wikimedia commons, Yochai Benkler, zero-sum game
You are not allowed to add programs to the all-in-one device that Steve Jobs sells you. Its functionality is locked in, though Apple can change it through remote updates. Indeed, to those who managed to tinker with the code to enable the iPhone to support more or different applications,4 Apple threatened (and then delivered on the threat) to transform the iPhone into an iBrick.5 The machine was not to be generative beyond the innovations that Apple (and its exclusive carrier, AT&T) wanted. Whereas the world would innovate for the Apple II, only Apple would innovate for the iPhone. (A promised software development kit may allow others to program the iPhone with Apple’s permission.)
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., ModMyiFone, Main Page, http://www.modmyifone.com/wiki/index.php/ (as of Sept. 30, 2007, 16:17 GMT) (containing code and instructions for modifications). 5. See Posting of Saul Hansell to N.Y. Times Bits Blog, Saul Hansell, Steve Jobs Girds for the Long iPhone War, http://bits.blogs.nytimes.com/2007/09/27/steve-jobs-girds-for-the-long-iphone-war/ (Sept. 27, 2007, 19:01); Jane Wake-field, Apple iPhone Warning Proves True, BBC NEWS, Sept. 28, 2007, http://news.bbc.co.uk/2/hi/technology/7017660.stm. 6. See John Markoff, Steve Jobs Walks the Tightrope Again, N.Y. TIMES, Jan. 12, 2007, available at http://www.nytimes.com/2007/01/12/technology/12apple.html. 7. Posting of Ryan Block to Engadget, A Lunchtime Chat with Bill Gates, http://www.engadget.com/2007/01/08/a-lunchtime-chat-with-bill-gates-at-ces/ (Jan. 8, 2007, 14:01).
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It was a technical and design triumph for Jobs, bringing the company into a market with an extraordinary potential for growth, and pushing the industry to a new level of competition in ways to connect us to each other and to the Web. This was not the first time Steve Jobs had launched a revolution. Thirty years earlier, at the First West Coast Computer Faire in nearly the same spot, the twenty-one-year-old Jobs, wearing his first suit, exhibited the Apple II personal computer to great buzz amidst “10,000 walking, talking computer freaks.”2 The Apple II was a machine for hobbyists who did not want to fuss with soldering irons: all the ingredients for a functioning PC were provided in a convenient molded plastic case.
Extreme Teams: Why Pixar, Netflix, AirBnB, and Other Cutting-Edge Companies Succeed Where Most Fail by Robert Bruce Shaw, James Foster, Brilliance Audio
Airbnb, augmented reality, benefit corporation, Blitzscaling, call centre, cloud computing, data science, deliberate practice, Elon Musk, emotional labour, financial engineering, future of work, holacracy, inventory management, Jeff Bezos, job satisfaction, Jony Ive, karōshi / gwarosa / guolaosi, loose coupling, meta-analysis, nuclear winter, Paul Graham, peer-to-peer, peer-to-peer model, performance metric, Peter Thiel, sharing economy, Sheryl Sandberg, Silicon Valley, social intelligence, SoftBank, Steve Jobs, TED Talk, Tony Fadell, Tony Hsieh, work culture
In particular, the relationships among team members either enable results when a team “gels” or, on the other extreme, hinder results when factions within the group undermine its ability to operate at a high level. Relationships, from this point of view, are a means to an end—and are not on par with the need to deliver results. The chief designer at Apple, Jony Ives, tells a story about Steve Jobs that illustrates this point.36 Jobs believed that a key to his success was staffing his teams with highly talented people. His role as a leader was then to push them to achieve more than they thought possible. At one point, Jobs was unhappy with the product that Ives and his team were developing.
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They need their companies, as companies, to be equally innovative—workplaces that are challenging commonly accepted ways of operating. They understand that their legacies will be based not on the products they create but on their ability to build creative and agile organizations that endure over time. Steve Jobs will always be recognized for his innovative products but the true test of his leadership will be if Apple can continue to innovate and grow for the next 50 years. Does the company he created have the people, cultures, and processes needed to do so? At this point, the jury is still out. There is another motive that drives many of these leaders to create new types of organizations—a motive more personal and self-centered.
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See Hackman, Leading Teams: Setting the Stage for Great Performances (Boston: Harvard Business Press, 2002), 30. 34Amanda Little, “An Interview with Patagonia Founder Yvon Chouinard,” Grist, October 23, 2004. 35Megan Hustad, “Whole Foods’ John Mackey: Self-Awareness on Aisle 5?” Fortune, March 8, 2013. 36Ian Parker, “How an Industrial Designer Became Apple’s Greatest Product,” February 23, 2015. 37Jay Yarow, “Jony Ive: This Is the Most Important Thing I Learned from Steve Jobs,” Business Insider, October 10, 2014. 38Robert Putnam, Bowling Alone: The Collapse and Revival of American Community (New York: Simon & Schuster, 2001). 39There is a great deal of research on the impact of social cohesion on performance.
The Metaverse: And How It Will Revolutionize Everything by Matthew Ball
"hyperreality Baudrillard"~20 OR "Baudrillard hyperreality", 3D printing, Airbnb, Albert Einstein, Amazon Web Services, Apple Newton, augmented reality, Big Tech, bitcoin, blockchain, business process, call centre, cloud computing, commoditize, computer vision, COVID-19, cryptocurrency, deepfake, digital divide, digital twin, disintermediation, don't be evil, Elon Musk, en.wikipedia.org, Ethereum, ethereum blockchain, game design, gig economy, Google Chrome, Google Earth, Google Glasses, hype cycle, intermodal, Internet Archive, Internet of things, iterative process, Jeff Bezos, John Gruber, Kevin Roose, Kickstarter, lockdown, Mark Zuckerberg, Metcalfe’s law, Minecraft, minimum viable product, Neal Stephenson, Network effects, new economy, non-fungible token, open economy, openstreetmap, pattern recognition, peer-to-peer, peer-to-peer model, Planet Labs, pre–internet, QR code, recommendation engine, rent control, rent-seeking, ride hailing / ride sharing, Robinhood: mobile stock trading app, satellite internet, self-driving car, SETI@home, Silicon Valley, skeuomorphism, Skype, smart contracts, Snapchat, Snow Crash, social graph, social web, SpaceX Starlink, Steve Ballmer, Steve Jobs, thinkpad, TikTok, Tim Cook: Apple, TSMC, undersea cable, Vannevar Bush, vertical integration, Vitalik Buterin, Wayback Machine, Y2K
They also shaped its improvement path. We can see this in the iPhone 12, which was released in 2020 and was the company’s first 5G device. Irrespective of Steve Jobs’s brilliance, there was no amount of money that Apple could have spent to release the iPhone 12 in 2008. Even if Apple could have devised a 5G network chip back then, there were no 5G networks for it to use, nor 5G wireless standards through which to communicate to these networks, and no apps that took advantage of its low latency or bandwidth. Were Apple able to make its own ARM-like GPU back in 2008 (more than a decade before ARM itself), game developers (who generate 70% of App Store revenues) would have lacked the game-engine technologies required to take advantage of its superpowered capabilities.
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The move was widely ridiculed at the time, especially by market leaders Microsoft and BlackBerry. Apple also chose to focus on consumers, rather than appealing to large enterprises and small-to-medium businesses, which represented the majority of smartphone sales from the mid-1990s through the late 2000s. Even more radical was the iPhone’s price: $500–$600, compared to $250–$350 for competing smartphones, such as the BlackBerry (which were often free to the end user, too, as they were provided by an employer). Apple co-founder and CEO Steve Jobs believed that its $500 device offered superior value—more than a $200 or $300 device ever could—even if the latter was available for free.
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A similar value proposition will exist for Facebook’s avatar suite (or perhaps, those of Google or Twitter or Apple). If customized avatars are essential to user expression in 3D space, then few users will want to create a new, detailed avatar for every virtual world they use. The services that accept the avatars a user has already invested in will be able to offer a better experience for said user. Some people even argue that the inability to use a consistent avatar means that no avatar can truly represent the user—just as we wouldn’t say that Steve Jobs had a uniform if he could only sometimes wear jeans and a black mock turtleneck, and occasionally needed to wear chambray pants and a gray turtleneck depending on the venue.
Design of Business: Why Design Thinking Is the Next Competitive Advantage by Roger L. Martin
algorithmic management, Apple Newton, asset allocation, autism spectrum disorder, Buckminster Fuller, business process, Frank Gehry, global supply chain, high net worth, Innovator's Dilemma, Isaac Newton, mobile money, planned obsolescence, QWERTY keyboard, Ralph Waldo Emerson, risk tolerance, Salesforce, scientific management, six sigma, Steve Ballmer, Steve Jobs, stock buybacks, supply-chain management, Wall-E, winner-take-all economy
A fine example of successful CEO behavior between the two extremes is Steve Jobs, cofounder and returned CEO of Apple. Jobs has a long-standing reputation as a visionary designer. He was the cocreator of the Apple II, the forerunner of the Apple Macintosh, and after he left Apple in 1985, the company fell into a succession of disastrous strategies and fratricidal politics. Since his triumphant return as CEO in 1997, Apple has produced a string of design hits including the iMac series, the iPod, and the iPhone. Given his reputation and track record, most people would assume that Jobs functions as Apple’s analogue to Laliberté and Lazaridis, chief designer as well as the company’s leading advocate of validity.
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The master of configuration is Steve Jobs, who created an activity system for the iPod, including iTunes and Apple stores. The system made iPod a compelling product, exceedingly hard to replicate and highly profitable. (See figure 7-2.) For a manager, the configuration step is to ask how your insight and new solution fit into the larger scheme of the business in which you operate. The activity system you create may relate only to your department or project. But even within that limited sphere, you can build a model to test and verify. FIGURE 7-2 Apple’s iPod activity system Source: Apple Activity System developed and copyright by Heather Fraser and Mark Leung, 2008.
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James Hackett of Steelcase acquired the design firm IDEO to infuse design thinking across the entire Steelcase organization. 5 Between the extremes represented by Laliberté and Lazaridis at one end and Hackett and Lafley at the other, there are numerous intermediate alternatives. Steve Jobs, for instance, cofounder and returned CEO of Apple Inc., is probably the CEO most widely viewed as a design thinker, thanks to elegant, customer-pleasing products like the Macintosh, iMac, iPod, and iPhone, among many others. But he is not the solitary design genius of popular imagination. It was Apple’s designers, led by Jonathan Ive, who realized those innovative products. Jobs played a different, equally crucial role: he created an organization that placed “insanely great” design at the top of its hierarchy of values, and he gave the green light to spend the resources necessary to make lasting successes of his designers’ innovations.
Machine, Platform, Crowd: Harnessing Our Digital Future by Andrew McAfee, Erik Brynjolfsson
"World Economic Forum" Davos, 3D printing, additive manufacturing, AI winter, Airbnb, airline deregulation, airport security, Albert Einstein, algorithmic bias, AlphaGo, Amazon Mechanical Turk, Amazon Web Services, Andy Rubin, AOL-Time Warner, artificial general intelligence, asset light, augmented reality, autism spectrum disorder, autonomous vehicles, backpropagation, backtesting, barriers to entry, behavioural economics, bitcoin, blockchain, blood diamond, British Empire, business cycle, business process, carbon footprint, Cass Sunstein, centralized clearinghouse, Chris Urmson, cloud computing, cognitive bias, commoditize, complexity theory, computer age, creative destruction, CRISPR, crony capitalism, crowdsourcing, cryptocurrency, Daniel Kahneman / Amos Tversky, data science, Dean Kamen, deep learning, DeepMind, Demis Hassabis, discovery of DNA, disintermediation, disruptive innovation, distributed ledger, double helix, driverless car, Elon Musk, en.wikipedia.org, Erik Brynjolfsson, Ethereum, ethereum blockchain, everywhere but in the productivity statistics, Evgeny Morozov, fake news, family office, fiat currency, financial innovation, general purpose technology, Geoffrey Hinton, George Akerlof, global supply chain, Great Leap Forward, Gregor Mendel, Hernando de Soto, hive mind, independent contractor, information asymmetry, Internet of things, inventory management, iterative process, Jean Tirole, Jeff Bezos, Jim Simons, jimmy wales, John Markoff, joint-stock company, Joseph Schumpeter, Kickstarter, Kiva Systems, law of one price, longitudinal study, low interest rates, Lyft, Machine translation of "The spirit is willing, but the flesh is weak." to Russian and back, Marc Andreessen, Marc Benioff, Mark Zuckerberg, meta-analysis, Mitch Kapor, moral hazard, multi-sided market, Mustafa Suleyman, Myron Scholes, natural language processing, Network effects, new economy, Norbert Wiener, Oculus Rift, PageRank, pattern recognition, peer-to-peer lending, performance metric, plutocrats, precision agriculture, prediction markets, pre–internet, price stability, principal–agent problem, Project Xanadu, radical decentralization, Ray Kurzweil, Renaissance Technologies, Richard Stallman, ride hailing / ride sharing, risk tolerance, Robert Solow, Ronald Coase, Salesforce, Satoshi Nakamoto, Second Machine Age, self-driving car, sharing economy, Silicon Valley, Skype, slashdot, smart contracts, Snapchat, speech recognition, statistical model, Steve Ballmer, Steve Jobs, Steven Pinker, supply-chain management, synthetic biology, tacit knowledge, TaskRabbit, Ted Nelson, TED Talk, the Cathedral and the Bazaar, The Market for Lemons, The Nature of the Firm, the strength of weak ties, Thomas Davenport, Thomas L Friedman, too big to fail, transaction costs, transportation-network company, traveling salesman, Travis Kalanick, Two Sigma, two-sided market, Tyler Cowen, Uber and Lyft, Uber for X, uber lyft, ubercab, Vitalik Buterin, warehouse robotics, Watson beat the top human players on Jeopardy!, winner-take-all economy, yield management, zero day
: “Ballmer Laughs at iPhone,” YouTube, September 18, 2007, 2:22, https://www.youtube.com/watch?v=eywi0h_Y5_U. 152 “When [the iPhone] first came out in early 2007”: Walter Isaacson, Steve Jobs (New York: Simon & Schuster, 2011), 501. 152 “You don’t want your phone to be like a PC”: John Markoff, “Phone Shows Apple’s Impact on Consumer Products,” New York Times, January 11, 2007, http://www.nytimes.com/2007/01/11/technology/11cnd-apple.html. 162 Steve Jobs made a “nine-digit” acquisition offer: Victoria Barret, “Dropbox: The Inside Story of Tech’s Hottest Startup,” Forbes, October 18, 2011, http://www.forbes.com/sites/victoriabarret/2011/10/18/dropbox-the-inside-story-of-techs-hottest-startup/#3b780ed92863. 162 84% of total revenue for Facebook: Facebook, “Facebook Reports Third Quarter 2016 Results,” November 2, 2016, https://investor.fb.com/investor-news/press-release-details/2016/Facebook-Reports-Third-Quarter-2016-Results/default.aspx. 163 “grand slam”: Apple, “iPhone App Store Downloads Top 10 Million in First Weekend,” July 14, 2008, http://www.apple.com/pr/library/2008/07/14iPhone-App-Store-Downloads-Top-10-Million-in-First-Weekend.html. 164 $6 billion: Daisuke Wakabayashi, “Apple’s App Store Sales Hit $20 Billion, Signs of Slower Growth Emerge,” Wall Street Journal, January 6, 2016, https://www.wsj.com/articles/apples-app-store-sales-hit-20-billion-signs-of-slower-growth-emerge-1452087004. 165 “Jobs soon figured out”: Isaacson, Steve Jobs, 501. 165 Facebook’s offer to publish: Henry Mance, “UK Newspapers: Rewriting the Story,” Financial Times, February 9, 2016, http://www.ft.com/intl/cms/s/0/0aa8beac-c44f-11e5-808f-8231cd71622e.html#axzz3znzgrkTq. 166 “we only have the faintest idea”: Peter Rojas, “Google Buys Cellphone Software Company,” Engadget, August 17, 2005, https://www.engadget.com/2005/08/17/google-buys-cellphone-software-company. 166 “best deal ever”: Owen Thomas, “Google Exec: Android Was ‘Best Deal Ever,’ ” VentureBeat, October 27, 2010, http://venturebeat.com/2010/10/27/google-exec-android-was-best-deal-ever. 166 Android founder Andy Rubin: Victor H., “Did You Know Samsung Could Buy Android First, but Laughed It Out of Court?”
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v=eywi0h_Y5_U. 152 “When [the iPhone] first came out in early 2007”: Walter Isaacson, Steve Jobs (New York: Simon & Schuster, 2011), 501. 152 “You don’t want your phone to be like a PC”: John Markoff, “Phone Shows Apple’s Impact on Consumer Products,” New York Times, January 11, 2007, http://www.nytimes.com/2007/01/11/technology/11cnd-apple.html. 162 Steve Jobs made a “nine-digit” acquisition offer: Victoria Barret, “Dropbox: The Inside Story of Tech’s Hottest Startup,” Forbes, October 18, 2011, http://www.forbes.com/sites/victoriabarret/2011/10/18/dropbox-the-inside-story-of-techs-hottest-startup/#3b780ed92863. 162 84% of total revenue for Facebook: Facebook, “Facebook Reports Third Quarter 2016 Results,” November 2, 2016, https://investor.fb.com/investor-news/press-release-details/2016/Facebook-Reports-Third-Quarter-2016-Results/default.aspx. 163 “grand slam”: Apple, “iPhone App Store Downloads Top 10 Million in First Weekend,” July 14, 2008, http://www.apple.com/pr/library/2008/07/14iPhone-App-Store-Downloads-Top-10-Million-in-First-Weekend.html. 164 $6 billion: Daisuke Wakabayashi, “Apple’s App Store Sales Hit $20 Billion, Signs of Slower Growth Emerge,” Wall Street Journal, January 6, 2016, https://www.wsj.com/articles/apples-app-store-sales-hit-20-billion-signs-of-slower-growth-emerge-1452087004. 165 “Jobs soon figured out”: Isaacson, Steve Jobs, 501. 165 Facebook’s offer to publish: Henry Mance, “UK Newspapers: Rewriting the Story,” Financial Times, February 9, 2016, http://www.ft.com/intl/cms/s/0/0aa8beac-c44f-11e5-808f-8231cd71622e.html#axzz3znzgrkTq. 166 “we only have the faintest idea”: Peter Rojas, “Google Buys Cellphone Software Company,” Engadget, August 17, 2005, https://www.engadget.com/2005/08/17/google-buys-cellphone-software-company. 166 “best deal ever”: Owen Thomas, “Google Exec: Android Was ‘Best Deal Ever,’ ” VentureBeat, October 27, 2010, http://venturebeat.com/2010/10/27/google-exec-android-was-best-deal-ever. 166 Android founder Andy Rubin: Victor H., “Did You Know Samsung Could Buy Android First, but Laughed It Out of Court?”
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CHAPTER 7 PAYING COMPLEMENTS, AND OTHER SMART STRATEGIES The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. — Friedrich von Hayek, 1988 IN 2007, STEVE JOBS WAS IN THE MIDDLE OF WHAT WAS PERHAPS the greatest tenure as a CEO in US corporate history. But throughout that year, his failure to fully appreciate a basic insight from economics threatened to stall his company’s momentum. How Steve Jobs Nearly Blew It Early in 2007, Apple introduced the iPhone, a product that deserves the label “iconic.” Its groundbreaking design and novel features, including multitouch screen, powerful mobile Internet browser, accelerometer, and GPS made it an instant hit, with rapturous reviews and sales of over 6 million handsets in its first year.
Measure What Matters: How Google, Bono, and the Gates Foundation Rock the World With OKRs by John Doerr
Abraham Maslow, Albert Einstein, Big Tech, Bob Noyce, cloud computing, collaborative editing, commoditize, crowdsourcing, data science, fail fast, Fairchild Semiconductor, Firefox, Frederick Winslow Taylor, Google Chrome, Google Earth, Google X / Alphabet X, Haight Ashbury, hockey-stick growth, intentional community, Jeff Bezos, job satisfaction, Khan Academy, knowledge worker, Mary Meeker, Menlo Park, meta-analysis, PageRank, Paul Buchheit, Ray Kurzweil, risk tolerance, Salesforce, scientific management, self-driving car, Sheryl Sandberg, side project, Silicon Valley, Silicon Valley startup, Skype, Steve Jobs, Steven Levy, subscription business, Susan Wojcicki, web application, Yogi Berra, éminence grise
At the same time, he served as lead outside director on Apple’s board, which for anyone else might have presented a conflict. It drove Steve Jobs crazy, especially after Android emerged to challenge the iPhone. Steve harangued Bill forever to choose Apple and leave Google, but the Coach refused: “Steve, I’m not helping Google with their technology. I can’t even spell HTML. I’m just helping them be a better business every day.” When Steve persisted, the Coach said, “Don’t make me choose. You are not going to like the choice I’m going to make.” And Steve backed down because the Coach was his one true confidant. ( He “kept Steve Jobs going,” as Eric Schmidt told Forbes .
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Soon he was my first call whenever I backed a new entrepreneur. It became our MO: Kleiner invests, Doerr sponsors, Doerr calls Campbell, Campbell coaches the team. We ran that game plan again and again. In 1997, Steve Jobs returned to Apple in the most amazing nonhostile takeover of a public company ever, without putting up a penny. Steve asked for the resignations of all but one of Apple’s directors, and then he called Bill Campbell to join his new board. The Coach refused to be paid for this work; he was giving back to the Valley that had done so much for him. When a few companies prevailed upon him to accept stock, he funneled the proceeds into his philanthropic organization.
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Objective: Win the Indy 500. Key result: Increase average lap speed by 2 percent. Key result: Test at wind tunnel ten times. Key result: Reduce average pit stop time by one second. Key result: Reduce pit stop errors by 50 percent. Key result: Practice pit stops one hour per day. Less Is More As Steve Jobs understood, “Innovation means saying no to one thousand things.” In most cases, the ideal number of quarterly OKRs will range between three and five. It may be tempting to usher more objectives inside the velvet rope, but it’s generally a mistake. Too many objectives can blur our focus on what counts, or distract us into chasing the next shiny thing.
The New Class Conflict by Joel Kotkin
2013 Report for America's Infrastructure - American Society of Civil Engineers - 19 March 2013, affirmative action, Affordable Care Act / Obamacare, Alvin Toffler, American Society of Civil Engineers: Report Card, back-to-the-city movement, Bob Noyce, Boston Dynamics, California gold rush, Californian Ideology, Capital in the Twenty-First Century by Thomas Piketty, carbon footprint, classic study, Cornelius Vanderbilt, creative destruction, crony capitalism, David Graeber, degrowth, deindustrialization, do what you love, don't be evil, Downton Abbey, driverless car, Edward Glaeser, Elon Musk, energy security, falling living standards, future of work, Future Shock, Gini coefficient, Google bus, Herman Kahn, housing crisis, income inequality, independent contractor, informal economy, Internet of things, Jane Jacobs, Jaron Lanier, Jeff Bezos, job automation, John Markoff, John von Neumann, Joseph Schumpeter, Kevin Kelly, Kevin Roose, labor-force participation, Larry Ellison, Lewis Mumford, low interest rates, low-wage service sector, Marc Andreessen, Mark Zuckerberg, Mary Meeker, mass affluent, McJob, McMansion, medical bankruptcy, microapartment, Nate Silver, National Debt Clock, New Economic Geography, new economy, New Urbanism, obamacare, offshore financial centre, Paul Buchheit, payday loans, Peter Calthorpe, plutocrats, post-industrial society, public intellectual, RAND corporation, Ray Kurzweil, rent control, rent-seeking, Report Card for America’s Infrastructure, Richard Florida, Sheryl Sandberg, Silicon Valley, Silicon Valley billionaire, Silicon Valley ideology, Solyndra, Steve Jobs, stock buybacks, tech worker, techlash, technoutopianism, The Death and Life of Great American Cities, Thomas L Friedman, Tony Fadell, too big to fail, transcontinental railway, trickle-down economics, Tyler Cowen, Tyler Cowen: Great Stagnation, upwardly mobile, urban planning, urban sprawl, Virgin Galactic, War on Poverty, women in the workforce, working poor, young professional
.,” Bloomberg Businessweek, December 17, 2013, http://www.businessweek.com/articles/2013-12-17/amazon-may-get-its-first-labor-union-in-the-u-dot-s. 126. Tian Luo and Amar Mann, “Survival and Growth of Silicon Valley High-tech Businesses Born in 2000,” Monthly Labor Review, September 2011, pp. 16–31. 127. Timothy Noah, “Steve Jobs, Jobs-Creator,” New Republic (blog), October 6, 2011, http://www.newrepublic.com/blog/timothy-noah/95877/steve-jobs-job-creator. 128. John Markoff, “Silicon Valley Reacts to Economy With a New Approach,” New York Times, April 21, 2001; Robert D. Hof, “Venture Capital’s Liquidators,” Bloomberg Businessweek, December 03, 2008, http://www.businessweek.com/stories/2008-12-03/venture-capitals-liquidators. 129.
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Such thinking, notes the leftist economist Thomas Piketty, has been used in the contemporary setting to “justify the extreme inequalities and to defend the privileges of the winners.”27 This self-regard has been reinforced by public perception.28 In 2011, over 72 percent of Americans had positive feelings about the computer industry, as opposed to a mere 30 percent for banking and 20 percent for oil and gas.29 Even during the Occupy protests in 2012, few criticisms were hurled by the “screwed generation” at tech titans. Indeed, when Steve Jobs, a .000001 percenter worth $7 billion and a rugged capitalist of the classic type, passed away, protestors openly mourned his demise.30 Unlike the grandees of Wall Street or the energy industry, the tech Oligarchs have so far experienced relatively little of the criticism commonly directed at Wall Street or energy executives for their huge compensation levels.
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Even more pronounced were their differences with their rivals in Europe and Asia, who were trapped by rigid corporate structures.43 What they relied on were not long established ties, notes analyst Anna Lee Saxenian, but “the social and technical networks” that provided funding and the critical pool of expertise.44 This networked system, which included a large number of specialized firms, was also markedly more supportive of younger entrepreneurs, among them the then twenty-something Steve Jobs. This helped consolidate the Valley’s supremacy over its traditional rival, the greater Boston area. By 1990, the Valley accounted for 39 of the nation’s fastest growing electronics companies, compared to just four along Boston’s Route 128. Over the ensuing decade, Valley firms, largely through the application of software, also overcame what had once been considered insurmountable competition from Japan.45 The great hope promised by this emerging, post-industrial information economy was perhaps best stated by futurist Alvin Toffler.
Brotopia: Breaking Up the Boys' Club of Silicon Valley by Emily Chang
"Margaret Hamilton" Apollo, "Susan Fowler" uber, "World Economic Forum" Davos, 23andMe, 4chan, Ada Lovelace, affirmative action, Airbnb, Alan Greenspan, Andy Rubin, Apollo 11, Apple II, augmented reality, autism spectrum disorder, autonomous vehicles, barriers to entry, Benchmark Capital, Bernie Sanders, Big Tech, Burning Man, California gold rush, Chuck Templeton: OpenTable:, clean tech, company town, data science, David Brooks, deal flow, Donald Trump, Dr. Strangelove, driverless car, Elon Musk, emotional labour, equal pay for equal work, fail fast, Fairchild Semiconductor, fake news, Ferguson, Missouri, game design, gender pay gap, Google Glasses, Google X / Alphabet X, Grace Hopper, Hacker News, high net worth, Hyperloop, imposter syndrome, Jeff Bezos, job satisfaction, Khan Academy, Lyft, Marc Andreessen, Mark Zuckerberg, Mary Meeker, Maui Hawaii, Max Levchin, Menlo Park, meritocracy, meta-analysis, microservices, Parker Conrad, paypal mafia, Peter Thiel, post-work, pull request, reality distortion field, Richard Hendricks, ride hailing / ride sharing, rolodex, Salesforce, Saturday Night Live, shareholder value, Sheryl Sandberg, side project, Silicon Valley, Silicon Valley startup, Skype, Snapchat, Steve Jobs, Steve Jurvetson, Steve Wozniak, Steven Levy, subscription business, Susan Wojcicki, tech billionaire, tech bro, tech worker, TED Talk, Tim Cook: Apple, Travis Kalanick, uber lyft, women in the workforce, Zenefits
As the number of overall computer science degrees picked back up leading into the dot-com boom, more men than women were filling those coveted seats. In fact, the percentage of women in the field would dramatically decline for the next two and a half decades. APPLE UPSETS THE NERD CART As women were leaving the tech world, a new type of tech hero was taking center stage. In 1976, Apple was co-founded by Steve Wozniak, your typical nerd, and Steve Jobs, who was not your typical nerd at all. Jobs exuded a style and confidence heretofore unseen in the computer industry. He had few technical skills—Wozniak handled all that—yet Jobs was a never-before-seen kind of tech rock star.
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Page’s reasons were never clearly spelled out, but insiders report that over the years Mayer had become a sharply polarizing figure whose colleagues either loved her or couldn’t stand her. Mayer often had a strict vision she would try to implement, and it often rubbed people the wrong way. Of course, being prickly and uncompromising has been a lauded attribute for male leaders in tech. “Steve Jobs had a very top-down thing going on for him, and that worked for Apple,” Laura Holmes said. “Did it work better for Apple because he was a man? I don’t know, so it’s kind of hard to say.” In June 2012, about a year after she was moved out of the inner circle, Mayer arranged a meeting with Sergey Brin. The quirky Google co-founder wheeled into her office on Rollerblades (twenty minutes late, in typical Brin fashion), and Mayer told him the news: she was leaving Google to become CEO of Yahoo.
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The first computer in my childhood home was an Apple II, and my mom, a schoolteacher with no technical background, used it with pride. Inside the industry, Jobs could have become an example of all that the tech industry could gain by bringing in a more diverse workforce. His vision and understanding of the consumer marketplace demonstrated what could be changed when different voices were added to the product development cycle. Unfortunately, the industry took the wrong lesson from Jobs’s achievement and only succeeded in creating a new stereotype, one that—once again—favored men over women. Looking at the hypercool Steve Jobs, investors noted his supreme self-confidence and fearlessness of risk and decided that those were keys to entrepreneurial achievement.
Inventors at Work: The Minds and Motivation Behind Modern Inventions by Brett Stern
Apple II, augmented reality, autonomous vehicles, bioinformatics, Build a better mousetrap, business process, cloud computing, computer vision, cyber-physical system, distributed generation, driverless car, game design, Grace Hopper, human-factors engineering, Richard Feynman, Silicon Valley, skunkworks, Skype, smart transportation, speech recognition, statistical model, stealth mode startup, Steve Jobs, Steve Wozniak, the market place, value engineering, Yogi Berra
Calvert: These are the things that an inventor really needs to learn and work out before taking that big step of sending a patent application to the USPTO—hopefully as the prelude to starting up their own business. 1 www.uspto.gov/inventors/independent/eye/201206/index.jsp 2 www.uiausa.org CHAPTER 23 Steve Wozniak Co-Founder Apple Computer A Silicon Valley icon and philanthropist for more than thirty years, Steve Wozniak helped shape the computing industry with his design of Apple’s first line of products, the Apple I and II, and influenced the popular Macintosh. In 1976, Wozniak and Steve Jobs founded Apple Computer Inc. with Wozniak’s Apple I personal computer. The following year he introduced his Apple II personal computer, featuring a central processing unit, a keyboard, color graphics, and a floppy disk drive. The Apple II was integral to launching the personal computer industry.
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He spent a lot of his own time to make his class great. He contacted companies and found engineers who would let students like myself go in and work on projects such as programming a computer to control streetlights. When Steve Jobs and I were first starting Apple, we went to the world’s first computer trade show out in Atlantic City, called PC ’76. We were just introducing the Apple I, even though we had the Apple II designed and working. There were a bunch of little companies with two young kids like us—with no money and ideas that maybe these microprocessors could make the start of a business. It was the garage-style entrepreneurship that you see nowadays with kids going into writing apps for iPhones and the like.
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Another mentor whom I didn’t meet until I was just about to launch Keen in 2002 was Steve Jobs. When I was flying through San Francisco airport, I was sitting there working on my Mac and a guy comes up to me and he’s like, “Hey, what do you use your Mac for?” And I say that I am putting together a footwear company and I’m laying out the catalog, and he’s like, “Oh, here’s the latest operating system.” You know, it wasn’t even out yet. And I’m like, “Oh, you must work for Apple.” And he said, “Yeah, yeah.” Stern: He handed you a CD with the OS. Keen: Yeah. And he said, “I’m the head of marketing at Apple.” I said, “Oh, do you know Steve? I’d been a Mac user since 1986.”
Artificial Unintelligence: How Computers Misunderstand the World by Meredith Broussard
"Susan Fowler" uber, 1960s counterculture, A Declaration of the Independence of Cyberspace, Ada Lovelace, AI winter, Airbnb, algorithmic bias, AlphaGo, Amazon Web Services, autonomous vehicles, availability heuristic, barriers to entry, Bernie Sanders, Big Tech, bitcoin, Buckminster Fuller, Charles Babbage, Chris Urmson, Clayton Christensen, cloud computing, cognitive bias, complexity theory, computer vision, Computing Machinery and Intelligence, crowdsourcing, Danny Hillis, DARPA: Urban Challenge, data science, deep learning, Dennis Ritchie, digital map, disruptive innovation, Donald Trump, Douglas Engelbart, driverless car, easy for humans, difficult for computers, Electric Kool-Aid Acid Test, Elon Musk, fake news, Firefox, gamification, gig economy, global supply chain, Google Glasses, Google X / Alphabet X, Greyball, Hacker Ethic, independent contractor, Jaron Lanier, Jeff Bezos, Jeremy Corbyn, John Perry Barlow, John von Neumann, Joi Ito, Joseph-Marie Jacquard, life extension, Lyft, machine translation, Mark Zuckerberg, mass incarceration, Minecraft, minimum viable product, Mother of all demos, move fast and break things, Nate Silver, natural language processing, Northpointe / Correctional Offender Management Profiling for Alternative Sanctions, One Laptop per Child (OLPC), opioid epidemic / opioid crisis, PageRank, Paradox of Choice, payday loans, paypal mafia, performance metric, Peter Thiel, price discrimination, Ray Kurzweil, ride hailing / ride sharing, Ross Ulbricht, Saturday Night Live, school choice, self-driving car, Silicon Valley, Silicon Valley billionaire, speech recognition, statistical model, Steve Jobs, Steven Levy, Stewart Brand, TechCrunch disrupt, Tesla Model S, the High Line, The Signal and the Noise by Nate Silver, theory of mind, traumatic brain injury, Travis Kalanick, trolley problem, Turing test, Uber for X, uber lyft, Watson beat the top human players on Jeopardy!, We are as Gods, Whole Earth Catalog, women in the workforce, work culture , yottabyte
Digital Journalism 3, no. 3 (November 7, 2014) 398–415. https://doi.org/10.1080/21670811.2014.976411. Donn, Jeff. “Eric Trump Foundation Flouts Charity Standards.” AP News, December 23, 2016. https://apnews.com/760b4159000b4a1cb1901cb038021cea. Dormehl, Luke. “Why John Sculley Doesn’t Wear an Apple Watch (and Regrets Booting Steve Jobs).” Cult of Mac, February 19, 2016. https://www.cultofmac.com/413044/john-sculley-apple-watch-steve-jobs/. Dougherty, Conor. “Google Photos Mistakenly Labels Black People ‘Gorillas.’” New York Times, July 1, 2015. https://bits.blogs.nytimes.com/2015/07/01/google-photos-mistakenly-labels-black-people-gorillas/. Dreyfus, Hubert L.
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And these eminent scientists worked on the dumbwaiter to outer space for an entire six months. Everybody in tech knew Minsky, and everyone relied on him. Steve Jobs famously got the idea for a computer with a mouse and a GUI from Alan Kay and his team at Xerox PARC. When Jobs left Apple in 1985 and John Sculley took over, Kay told Sculley they needed to go out and find sources of new technology. They weren’t going to be able to turn to PARC for Apple’s next big move, Kay said. “That led to us spending a lot of time on the East Coast, at the Media Lab in MIT, where we worked with people like Marvin Minsky and Seymour Papert,” Sculley said in a 2016 interview.7 “A lot of that technology we ended up putting into a concept video Alan and I produced, called ‘Knowledge Navigator.’
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Vincent, “Twitter Taught Microsoft’s AI Chatbot to Be a Racist Asshole in Less than a Day.” 4. Plautz, “Hitchhiking Robot Decapitated in Philadelphia.” 5. Unless otherwise indicated, quotes from Minsky in this section are taken from Minsky, “Web of Stories Interview.” 6. Brand, The Media Lab; Levy, Hackers. 7. Dormehl, “Why John Sculley Doesn’t Wear an Apple Watch (and Regrets Booting Steve Jobs).” 8. Lewis, “Rise of the Fembots”; LaFrance, “Why Do So Many Digital Assistants Have Feminine Names?” 9. Hillis, “Radioactive Skeleton in Marvin Minsky’s Closet.” 10. Alba, “Chicago Uber Driver Charged with Sexual Abuse of Passenger”; Fowler, “Reflecting on One Very, Very Strange Year at Uber”; Isaac, “How Uber Deceives the Authorities Worldwide.” 11.
Zucked: Waking Up to the Facebook Catastrophe by Roger McNamee
"Susan Fowler" uber, "World Economic Forum" Davos, 4chan, Albert Einstein, algorithmic trading, AltaVista, Amazon Web Services, Andy Rubin, barriers to entry, Bernie Sanders, Big Tech, Bill Atkinson, Black Lives Matter, Boycotts of Israel, Brexit referendum, Cambridge Analytica, carbon credits, Cass Sunstein, cloud computing, computer age, cross-subsidies, dark pattern, data is the new oil, data science, disinformation, Donald Trump, Douglas Engelbart, Douglas Engelbart, driverless car, Electric Kool-Aid Acid Test, Elon Musk, fake news, false flag, Filter Bubble, game design, growth hacking, Ian Bogost, income inequality, information security, Internet of things, It's morning again in America, Jaron Lanier, Jeff Bezos, John Markoff, laissez-faire capitalism, Lean Startup, light touch regulation, Lyft, machine readable, Marc Andreessen, Marc Benioff, Mark Zuckerberg, market bubble, Max Levchin, Menlo Park, messenger bag, Metcalfe’s law, minimum viable product, Mother of all demos, move fast and break things, Network effects, One Laptop per Child (OLPC), PalmPilot, paypal mafia, Peter Thiel, pets.com, post-work, profit maximization, profit motive, race to the bottom, recommendation engine, Robert Mercer, Ronald Reagan, Russian election interference, Sand Hill Road, self-driving car, Sheryl Sandberg, Silicon Valley, Silicon Valley startup, Skype, Snapchat, social graph, software is eating the world, Stephen Hawking, Steve Bannon, Steve Jobs, Steven Levy, Stewart Brand, subscription business, TED Talk, The Chicago School, The future is already here, Tim Cook: Apple, two-sided market, Uber and Lyft, Uber for X, uber lyft, Upton Sinclair, vertical integration, WikiLeaks, Yom Kippur War
I had successful surgery in early July 2001, but my recovery was very slow. It took me nearly a year to recover fully. During that time, Apple shipped the first iPod. I thought it was a sign of good things to come and reached out to Steve Jobs to see if he would be interested in recapitalizing Apple. At the time, Apple’s share price was about twelve dollars per share, which, thanks to stock splits, is equivalent to a bit more than one dollar per share today. The company had more than twelve dollars in cash per share, which meant investors were attributing zero value to Apple’s business. Most of the management options had been issued at forty dollars per share, so they were effectively worthless.
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Hatching Twitter: A True Story of Money, Power, Friendship, and Betrayal, by Nick Bilton (New York, Portfolio, 2013), is worth reading because of Twitter’s outsized influence on journalists, an influence out of proportion with the skills of Twitter’s leadership. No study of Silicon Valley would be complete without a focus on Steve Jobs. Walter Isaacson’s biography Steve Jobs (New York: Simon & Schuster, 2011) was a bestseller. I was lucky enough to know Steve Jobs. We were not close, but I knew Steve for a long time and had several opportunities to work with him. I experienced the best and the worst. Above all, I respect beyond measure all the amazing products created on Steve’s watch. This bibliographic essay includes only the books that helped me prepare to write Zucked.
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It is part of a larger philosophical approach, human-driven technology, which advocates returning technology to the role of being a tool to serve user needs rather than one that exploits users and makes them less capable. With its focus on user interface issues, humane design is a subset of human-driven technology, which also incorporates things like privacy, data security, and applications functionality. We used to take human-driven technology for granted. It was the philosophical foundation for Steve Jobs’s description of computers as a “bicycle for the mind,” a tool that creates value through exercise as well as fun. Jobs thought computers should make humans more capable, not displace or exploit them. Every successful tech product used to fit the Jobs model, and many still do. Personal computers still empower the workers who use them.
Track Changes by Matthew G. Kirschenbaum
active measures, Alvin Toffler, Apollo 11, Apple II, Apple's 1984 Super Bowl advert, Bill Gates: Altair 8800, Buckminster Fuller, Charles Babbage, commoditize, computer age, Computer Lib, corporate governance, David Brooks, dematerialisation, Donald Knuth, Douglas Hofstadter, Dynabook, East Village, en.wikipedia.org, feminist movement, forensic accounting, future of work, Future Shock, Google Earth, Gödel, Escher, Bach, Haight Ashbury, HyperCard, Jason Scott: textfiles.com, Joan Didion, John Markoff, John von Neumann, Kickstarter, low earth orbit, machine readable, machine translation, mail merge, Marshall McLuhan, Mother of all demos, Neal Stephenson, New Journalism, Norman Mailer, off-the-grid, pattern recognition, pink-collar, planned obsolescence, popular electronics, Project Xanadu, RAND corporation, rolodex, Ronald Reagan, scientific management, self-driving car, Shoshana Zuboff, Silicon Valley, social web, Stephen Fry, Stephen Hawking, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, systems thinking, tacit knowledge, technoutopianism, Ted Nelson, TED Talk, text mining, thinkpad, Turing complete, Vannevar Bush, Whole Earth Catalog, Y2K, Year of Magical Thinking
However that plainly joyous note, composed after an apparently sleepless night spent exploring the system, testifies to just how powerful such a prospect must have seemed. The Altos remained in use at Xerox PARC throughout the 1970s. Steve Jobs’s famous pilgrimage to PARC wasn’t to come until December 1979. It would be another half decade before the Alto’s most important design features, including the bitmapped display, windows, and the mouse, were brought to market as Apple’s first Macintosh computer in early 1984. (Xerox did attempt to introduce a graphical computer system incorporating some of Alto’s capabilities in 1981; called the Xerox Star, it was marketed to businesses rather than to personal users, was expensive, and had to compete with dedicated word processing systems; thus it was never a commercial success.)
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Hiltzik, Dealers of Lightning: Xerox PARC and the Dawn of the Computer Age (New York: Harper, 1999). 16. This episode (and Apple’s subsequent development of the technologies) is recounted in detail in Steven Levy, Insanely Great: The Life and Times of Macintosh, the Computer That Changed Everything (New York: Penguin, 1994), 77–103. For video of Tesler describing the demo in 2011, see Philip Elmer-DeWitt, Fortune, August 24, 2014, embedded YouTube video, http://fortune.com/2014/08/24/raw-footage-larry-tesler-on-steve-jobs-visit-to-xerox-parc/. 17. Michael Shrayer was an Altair owner for whom the blinking LEDs were simply not satisfactory—he quickly managed to make the computer the centerpiece of his own TV Typewriter unit, and a year later released what is generally regarded as the first word processing program for a microcomputer, Electric Pencil.
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One project of exceptional promise in this regard (researched and written contemporaneously with Track Changes) is Tom Mullaney’s forthcoming The Chinese Typewriter: A Global History; see also Nanette Gottlieb, Word-Processing Technology in Japan: Kanji and the Keyboard (London: Routledge, 2000). 10. Please see the Author’s Note regarding trackchangesbook.info, a website I have set up in anticipation of such instances. 11. As recounted in Mona Simpson, “A Sister’s Eulogy for Steve Jobs,” New York Times, October 30, 2011, http://www.nytimes.com/2011/10/30/opinion/mona-simpsons-eulogy-for-steve-jobs.html. She writes: “I didn’t know much about computers. I still worked on a manual Olivetti typewriter. I told Steve I’d recently considered my first purchase of a computer: something called the Cromemco. Steve told me it was a good thing I’d waited.
Buyology by Martin Lindstrom
anti-work, antiwork, Apollo 11, Berlin Wall, Daniel Kahneman / Amos Tversky, driverless car, Kickstarter, Mikhail Gorbachev, mirror neurons, Neil Armstrong, Pepsi Challenge, Pepto Bismol, retail therapy, Saturday Night Live, Steve Jobs, Steven Pinker, Virgin Galactic
In fact, as the results of our brain-scan study would show, the most successful products are the ones that have the most in common with religion. Take Apple, for example, one of the most popular—and profitable—brands around. I’ll never forget the Apple Macromedia conference I attended in the mid-nineties. Sitting in a packed convention center in San Francisco among ten thousand cheering fans, I was surprised when Steve Jobs, the founder and CEO, ambled out onstage, wearing his usual monkish turtleneck, and announced that Apple was going to discontinue its Newton brand of handheld computers. Jobs then dramatically hurled a Newton into a garbage can a few feet away to punctuate his decision.
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Well, we’re about to take a look at one of the most fascinating brain discoveries of recent times, one that plays an enormous role in why we’re attracted to the things we are. The place: Parma, Italy. The unwitting codiscoverers of this phenomenon? A species of monkey known as the macaque. 3 I’LL HAVE WHAT SHE’S HAVING Mirror Neurons at Work IN 2004, STEVE JOBS, CEO, chairman, and co-founder of Apple, was strolling along Madison Avenue in New York City when he noticed something strange, and gratifying. Hip white earphones (remember, back then most earphones came in basic boring black). Looping and snaking out of people’s ears, dangling down across their chests, peeking out of pockets and purses and backpacks.
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“It involves interior exploration, quests for a transcendent goal, overcoming barriers and 08/08/2009 10:45 43 of 83 file:///D:/000004/Buy__ology.html physical or spiritual healing.”3 Go Steelers. Most religions also have a clear vision. By that I mean that they are unambiguous in their mission, whether it’s to reach a certain state of grace or achieve a spiritual goal. And of course, most companies have unambiguous missions as well. Steve Jobs’s vision for Apple dates back to the mid-1980s when he said, “Man is the creator of change in this world. As such he should be above systems and structures, and not subordinate to them.” Twenty years and a few million iPods later, the company still pursues this vision, and will doubtlessly continue to do so twenty years from now.
All the Money in the World by Peter W. Bernstein
Albert Einstein, anti-communist, AOL-Time Warner, Bear Stearns, Berlin Wall, Bill Gates: Altair 8800, book value, call centre, Carl Icahn, Charles Lindbergh, clean tech, Cornelius Vanderbilt, corporate governance, corporate raider, creative destruction, currency peg, David Brooks, Donald Trump, estate planning, Fairchild Semiconductor, family office, financial engineering, financial innovation, George Gilder, high net worth, invisible hand, Irwin Jacobs: Qualcomm, Jeff Bezos, job automation, job-hopping, John Markoff, junk bonds, Larry Ellison, Long Term Capital Management, Marc Andreessen, Martin Wolf, Maui Hawaii, means of production, mega-rich, Menlo Park, Michael Milken, Mikhail Gorbachev, new economy, Norman Mailer, PageRank, Peter Singer: altruism, pez dispenser, popular electronics, Quicken Loans, Renaissance Technologies, Rod Stewart played at Stephen Schwarzman birthday party, Ronald Reagan, Sand Hill Road, school vouchers, Search for Extraterrestrial Intelligence, shareholder value, short squeeze, Silicon Valley, Silicon Valley billionaire, Silicon Valley startup, SoftBank, stem cell, Stephen Hawking, Steve Ballmer, Steve Jobs, Steve Wozniak, tech baron, tech billionaire, Teledyne, the new new thing, Thorstein Veblen, too big to fail, traveling salesman, urban planning, wealth creators, William Shockley: the traitorous eight, women in the workforce
In his 1989 book The Alexander Complex: The Dreams That Drive the Great Businessmen, Michael Meyer examined the lives of six empire builders, including five Forbes 400 members—Steve Jobs, Ross Perot, biotech billionaire Robert Swanson, Ted Turner, and the late shipping magnate Daniel Ludwig—to try to divine what drove them to spectacular success. They “live in the grip of a vision38,” concludes Meyer. “Work and career take on the quality of a mission, a pursuit of some Holy Grail. And because they are talented and convinced they can change the world, they often do.” Meyer refers to Apple founder39 Steve Jobs, for one, as a “visionary monster,” and other accounts seem to bear that out. In The Silicon Boys, for example, David Kaplan recounts a telling anecdote about Jobs.
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Certainly no one that morning, not even Gates, realized the full implications of what was at stake: that his deal with IBM would not only reshape the computer industry and have an impact on billions of consumers around the world, but would help bring about a seismic shift in the accumulation of wealth in America. The high-tech landscape was changing fast in 1980. Apple Computer, a three-year-old start-up2 founded by a couple of hippies from northern California, Steve Jobs and Stephen Wozniak, was in the process of racking up $139 million in sales. Later that year, Apple would go public with the most successful stock offering since that of the Ford Motor Company in 1956. An impatient IBM3 wanted to break into the burgeoning personal-computer market, and it was going into overdrive to take advantage of a new sixteen-bit microprocessor chip developed by Intel, a company founded by Gordon E.
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., a Web holding company $1.60 (’03) One of the highest compensated CEOs in the U.S. with a $457 million pay package in 2005 and $232 million in 2006 Charles Dolan39 Cablevision Systems $3.20 (’00) Declared a special dividend in 2006, netting $580 million. In 2007, took his company private Stanley Hubbard Satellite TV $1.80 (’96) Pioneered first satellite TV in 1993 Steve Jobs Apple Computer; animated movies $4.90 (’06) The man behind Apple, the Mac, iPod, iPhone, Pixar. Highest paid CEO in U.S. in 2006 with $647 million pay package John Malone40 Cable TV $3.40 (’99) Monster cable TV deal maker now pushing satellite TV Craig McCaw41 McCaw Cellular $7.70(’00) Cellular pioneer trying for a comeback with wireless access after 2000 telecom wipeout Rupert Murdoch42 Media/Internet $11.00 (’00) “I just want to live forever—I enjoy myself too much.”
Whiplash: How to Survive Our Faster Future by Joi Ito, Jeff Howe
3D printing, air gap, Albert Michelson, AlphaGo, Amazon Web Services, artificial general intelligence, basic income, Bernie Sanders, Big Tech, bitcoin, Black Lives Matter, Black Swan, Bletchley Park, blockchain, Burning Man, business logic, buy low sell high, Claude Shannon: information theory, cloud computing, commons-based peer production, Computer Numeric Control, conceptual framework, CRISPR, crowdsourcing, cryptocurrency, data acquisition, deep learning, DeepMind, Demis Hassabis, digital rights, disruptive innovation, Donald Trump, double helix, Edward Snowden, Elon Musk, Ferguson, Missouri, fiat currency, financial innovation, Flash crash, Ford Model T, frictionless, game design, Gerolamo Cardano, informal economy, information security, interchangeable parts, Internet Archive, Internet of things, Isaac Newton, Jeff Bezos, John Harrison: Longitude, Joi Ito, Khan Academy, Kickstarter, Mark Zuckerberg, microbiome, move 37, Nate Silver, Network effects, neurotypical, Oculus Rift, off-the-grid, One Laptop per Child (OLPC), PalmPilot, pattern recognition, peer-to-peer, pirate software, power law, pre–internet, prisoner's dilemma, Productivity paradox, quantum cryptography, race to the bottom, RAND corporation, random walk, Ray Kurzweil, Ronald Coase, Ross Ulbricht, Satoshi Nakamoto, self-driving car, SETI@home, side project, Silicon Valley, Silicon Valley startup, Simon Singh, Singularitarianism, Skype, slashdot, smart contracts, Steve Ballmer, Steve Jobs, Steven Levy, Stewart Brand, Stuxnet, supply-chain management, synthetic biology, technological singularity, technoutopianism, TED Talk, The Nature of the Firm, the scientific method, The Signal and the Noise by Nate Silver, the strength of weak ties, There's no reason for any individual to have a computer in his home - Ken Olsen, Thomas Kuhn: the structure of scientific revolutions, Two Sigma, universal basic income, unpaid internship, uranium enrichment, urban planning, warehouse automation, warehouse robotics, Wayback Machine, WikiLeaks, Yochai Benkler
.: Island Press, 2012), 3. 38 Oxford Advanced Learner’s Dictionary, http://www.oxforddictionaries.com/us/definition/learner/medium. 39 The Media Lab’s website includes a comprehensive overview of the Lab’s funding model, current research, and history. http://media.mit.edu/about/about-the-lab. 40 Olivia Vanni. “An Ex-Apple CEO on MIT, Marketing & Why We Can’t Stop Talking About Steve Jobs,” BostInno.com. April 8, 2016. http://bostinno.streetwise.co/2016/04/08/apples-steve-jobs-and-john-sculley-fight-over-ceo/. 41 To select just a few biologically inspired projects at the Media Lab as of May 2016, Kevin Esvelt’s Sculpting Evolution group is studying gene drives and ecological engineering; Neri Oxman’s Mediated Matter group is experimenting with microfluidics and 3D-printing living materials; and Hiroshi Ishii’s Tangible Media group has created a fabric with “living nanoactuators” that use bacteria to open or close vents in the material in response to the wearer’s body temperature. 42 Malcolm Gladwell.
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.: Krause Publications, 2007), 155. 22 Henry Ford, My Life and Work (New York: Doubleday, 1922), 73. 23 David Gartman, “Tough Guys and Pretty Boys: The Cultural Antagonisms of Engineering and Aesthetics in Automotive History,” Automobile in American Life and Society, accessed June 7, 2016, http://www.autolife.umd.umich.edu/Design/Gartman/D_Casestudy/D_Casestudy3.htm. 24 Elizabeth B-N Sanders, “From User-Centered to Participatory Design Approaches,” Design and the Social Sciences: Making Connections, 2002, 1–8. 25 Quoted in Drew Hansen, “Myth Busted: Steve Jobs Did Listen to Customers,” Forbes, December 19, 2013, http://www.forbes.com/sites/drewhansen/2013/12/19/myth-busted-steve-jobs-did-listen-to-customers/. 26 Sanders, “From User-Centered to Participatory Design Approaches.” Conclusion 1 And the less said about the “blood-vomiting game” of 1835 the better. 2 Sensei’s Library, “Excellent Move,” last edited May 31, 2016, http://senseis.xmp.net/?
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The culture isn’t so much interdisciplinary as it is proudly “antidisciplinary”; the faculty and students more often than not aren’t just collaborating between disciplines, but are exploring the spaces between and beyond them as well. It is an approach that began with Lab cofounder Nicholas Negroponte. The Media Lab emerged from the Architecture Machine Group that Negroponte cofounded, in which architects at MIT used advanced graphical computers to experiment with computer-aided design and Negroponte (along with Steve Jobs, out in Silicon Valley) envisioned an age when computers would become personal devices. Negroponte also predicted a massive convergence that would jumble all of the disciplines together and connect arts and sciences together as well—the Media Lab’s academic program is called “Media Arts and Sciences.”
The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers by Ben Horowitz
Airbnb, Ben Horowitz, Benchmark Capital, business intelligence, cloud computing, financial independence, Google Glasses, hiring and firing, Isaac Newton, Jeff Bezos, Kiva Systems, Larry Ellison, Marc Andreessen, Mark Zuckerberg, move fast and break things, new economy, nuclear winter, Peter Thiel, Productivity paradox, random walk, Ronald Reagan, Silicon Valley, six sigma, SoftBank, Steve Ballmer, Steve Jobs, stock buybacks, Strategic Defense Initiative
He began his career as a college football coach and did not enter the business world until he was forty. Despite the late start, Bill eventually became the chairman and CEO of Intuit. Following that, he became a legend in high tech, mentoring great CEOs such as Steve Jobs of Apple, Jeff Bezos of Amazon, and Eric Schmidt of Google. Bill is extremely smart, super-charismatic, and elite operationally, but the key to his success goes beyond those attributes. In any situation—whether it’s the board of Apple, where he’s served for over a decade; the Columbia University Board of Trustees, where he is chairman; or the girls’ football team that he coaches—Bill is inevitably everybody’s favorite person.
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One could easily argue that I failed as a peacetime CEO but succeeded as a wartime one. John Chambers had a great run as peacetime CEO of Cisco but has struggled as Cisco has moved into war with Juniper, HP, and a range of new competitors. Steve Jobs, who employed a classical wartime management style, removed himself as CEO of Apple in the 1980s during their longest period of peace before coming back to Apple for a spectacular run more than a decade later, during their most intense war period. I believe that the answer is yes, but it’s hard. Mastering both wartime and peacetime skill sets means understanding the many rules of management and knowing when to follow them and when to violate them.
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I believe Jobs’s greatest achievement as a visionary leader was in getting so many super-talented people to continue following him at NeXT, long after the company lost its patina, and in getting the employees of Apple to buy into his vision when the company was weeks away from bankruptcy. It’s difficult to imagine any other leader being so compelling that he could accomplish these goals back-to-back, and this is why we call this one the Steve Jobs attribute. THE RIGHT KIND OF AMBITION: THE BILL CAMPBELL ATTRIBUTE One of the biggest misperceptions in our society is that a prerequisite for becoming a CEO is to be selfish, ruthless, and callous.
Live Work Work Work Die: A Journey Into the Savage Heart of Silicon Valley by Corey Pein
"World Economic Forum" Davos, 23andMe, 4chan, affirmative action, Affordable Care Act / Obamacare, Airbnb, Amazon Mechanical Turk, Anne Wojcicki, artificial general intelligence, bank run, barriers to entry, Benevolent Dictator For Life (BDFL), Bernie Sanders, Big Tech, bitcoin, Bitcoin Ponzi scheme, Build a better mousetrap, California gold rush, cashless society, colonial rule, computer age, cryptocurrency, data is the new oil, deep learning, digital nomad, disruptive innovation, Donald Trump, Douglas Hofstadter, driverless car, Elon Musk, Evgeny Morozov, Extropian, fail fast, fake it until you make it, fake news, gamification, gentrification, gig economy, Google bus, Google Glasses, Google X / Alphabet X, Greyball, growth hacking, hacker house, Hacker News, hive mind, illegal immigration, immigration reform, independent contractor, intentional community, Internet of things, invisible hand, Isaac Newton, Jeff Bezos, job automation, Kevin Kelly, Khan Academy, Larry Ellison, Law of Accelerating Returns, Lean Startup, life extension, Lyft, Mahatma Gandhi, Marc Andreessen, Mark Zuckerberg, Menlo Park, minimum viable product, move fast and break things, mutually assured destruction, Neal Stephenson, obamacare, Parker Conrad, passive income, patent troll, Patri Friedman, Paul Graham, peer-to-peer lending, Peter H. Diamandis: Planetary Resources, Peter Thiel, platform as a service, plutocrats, Ponzi scheme, post-work, public intellectual, Ray Kurzweil, regulatory arbitrage, rent control, RFID, Robert Mercer, rolodex, Ronald Reagan, Ross Ulbricht, Ruby on Rails, Sam Altman, Sand Hill Road, Scientific racism, self-driving car, selling pickaxes during a gold rush, sharing economy, side project, Silicon Valley, Silicon Valley billionaire, Silicon Valley startup, Singularitarianism, Skype, Snapchat, Social Justice Warrior, social software, software as a service, source of truth, South of Market, San Francisco, Startup school, stealth mode startup, Steve Bannon, Steve Jobs, Steve Wozniak, TaskRabbit, tech billionaire, tech bro, tech worker, TechCrunch disrupt, technological singularity, technoutopianism, telepresence, too big to fail, Travis Kalanick, tulip mania, Tyler Cowen, Uber for X, uber lyft, ubercab, unit 8200, upwardly mobile, Vernor Vinge, vertical integration, Virgin Galactic, X Prize, Y Combinator, Zenefits
He was about to move to London to take a job with a startup that projected Web streams on walls at tech conferences. It sounded stupid, but I congratulated him all the same. This was his dream vacation in America—his “techie pilgrimage” around Silicon Valley. So far Francis had visited Steve Jobs’s old house; the garage where Apple cofounder Steve Wozniak built the first Apple computer; the Xerox PARC laboratory, where many modern features of consumer computers, such as the graphical user interface, had been invented with government support; the Hewlett-Packard campus; and the Googleplex, which was a stone’s throw from Jeannie’s place.
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“Part of the seduction is, if you just keep your head down and don’t cause any trouble, there’s some half-million-a-year, giant-paying job waiting for you,” Gregg says. “Look at Michael Moritz. He was a Silicon Valley reporter. Now he’s one of the richest people in the world.” Moritz came up at the same time as Gregg and wrote an important early eighties profile of Steve Jobs for Time magazine—and subsequently the first book about Apple’s history, titled The Little Kingdom. Moritz parlayed the connections he made as a journalist to a partnership at Sequoia Capital, which in turn landed him a seat on the board of Google and eventually a personal net worth of more than $3 billion. Since Gregg left the business in 2002, a new problem had emerged.
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It cost $70 to be listed alongside these fine companies, inclusive of a custom-made pitch video. I passed. The Lifograph website also featured a number of blog posts, almost half of which were about Steve Jobs. One post was authored by Manny Fernandez, a small-time investor whom I would be pitching at the San Jose event. Manny did not waste his readers’ time by padding his Jobsian advice with an introductory paragraph. Instead, he plunged straight into a numbered list of tautologies. 1. BE A LEADER Steve Jobs was a college dropout, but he was a leader. He was able to rally up investors and employees to create an amazing product. Leadership is something you develop over time.
Pure Invention: How Japan's Pop Culture Conquered the World by Matt Alt
4chan, Apollo 11, augmented reality, Black Lives Matter, blue-collar work, coronavirus, COVID-19, Donald Trump, fake news, financial engineering, game design, glass ceiling, global pandemic, haute cuisine, hive mind, late capitalism, lateral thinking, lolcat, Mark Zuckerberg, mass immigration, megacity, military-industrial complex, New Urbanism, period drama, Ponzi scheme, Saturday Night Live, Silicon Valley, Silicon Valley startup, Skype, social distancing, Social Justice Warrior, Steve Bannon, Steve Jobs, Steve Wozniak, strikebreaker, three-martini lunch, union organizing, work culture , zero-sum game
Tsuji’s Tokyo home in the late seventies: Ibid., 87. 5: PLUGGING IN AND DROPPING OUT “The Sony Walkman has done more”: William Gibson, Time Out, October 6, 1993, 49. Steve Jobs was on his worst behavior: Walter Isaacson, Steve Jobs (New York: Simon & Schuster, 2011), 146. Jobs was, to put it mildly, a Sony fanboy: Alan Deutschman, The Second Coming of Steve Jobs (New York: Broadway Books, 2000), 29. He took it apart piece by piece: George Beahm, Steve Jobs’s Life by Design: Lessons to Be Learned from His Last Lecture (New York: St. Martin’s Press, 2014), 29. “He didn’t want to be IBM”: Ibid., 29
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The portable transistor radio transformed music culture by freeing young listeners from the shackles of parental approval, letting them mainline rock and roll in the privacy of their own rooms. “It opened my world up,” says the engineer Steve Wozniak, who went on to play the role of Ibuka to Steve Jobs’s Morita at Apple Computer. “I could sleep with it and hear music all night long.” They listened to newfangled forms of music with titles that mystified the grown-ups, like 1954’s “Rock Around the Clock”—the first song with “rock” in its title. Through their musical choices over the years to come, young Americans would construct the soundtrack for an ideological rebellion, most obviously in the form of the protest rock that sustained student activists of the sixties.
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His personal tastes might have been a little peculiar, but in wanting to escape into his own private world, he was far from alone. 5 PLUGGING IN AND DROPPING OUT The Walkman 1979 The Sony Walkman has done more to change human perception than any virtual reality gadget. —WILLIAM GIBSON STEVE JOBS WAS on his worst behavior as he toured the factories of Japan in 1983. He desperately needed a supplier of 3.5-inch floppy-disk drives for his newest creation, a revolutionary personal computer system he called the Macintosh. Yet he wore jeans and sneakers to meetings with formally dressed CEOs and their salaryman underlings.
I Hate the Internet: A Novel by Jarett Kobek
Alan Greenspan, Anne Wojcicki, Blue Ocean Strategy, Burning Man, disruptive innovation, do what you love, driverless car, East Village, Edward Snowden, gentrification, Golden Gate Park, Google bus, Google Glasses, Google X / Alphabet X, immigration reform, indoor plumbing, informal economy, Jeff Bezos, Larry Ellison, liberation theology, low interest rates, Mark Zuckerberg, microaggression, MITM: man-in-the-middle, Norman Mailer, nuclear winter, packet switching, PageRank, Peter Thiel, public intellectual, quantitative easing, Ray Kurzweil, rent control, Ronald Reagan, Sheryl Sandberg, Silicon Valley, Snow Crash, Steve Jobs, Susan Wojcicki, tech worker, TechCrunch disrupt, technological singularity, Triangle Shirtwaist Factory, union organizing, V2 rocket, Vernor Vinge, vertical integration, wage slave, Whole Earth Catalog
The reason why people harass teenagers into suicide is because a bunch of White dudes with no sense of the human experience decided that they would build anonymity into the Internet as a feature rather than a bug! You nerds have blood on your hands! “Fuck Steve Jobs and fuck your worship of Steve Jobs. Steve Jobs was no more than nothing! His only distinction was that, unlike every other awful CEO in tech, he had a mild sense of design. His jeans were rubbish! His turtle necks were awful! He owed seven percent of Disney! Apple was a company run by a bully surrounded by cultists so indoctrinated that they didn’t realize they were being bullied. In the end, all the sycophancy killed their god!
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No one knew much about her, which reminded Christine of the Eleusinian Mysteries, shrouded in darkness. And there was good ol’ Steve Jobs, better known as Hades. And not just because he was dead and rotting in the dank recesses of the netherworld, doomed for an uncertain term to watch projected images of impoverished factories workers on the rocky walls of oblivion. Basically, Steve Jobs was Hades because Hades was a total unyielding dick. The defining aspect of Steve Jobs was the marriage of his innate dickishness with gauzy Bay Area entitlement. This blessed union birthed a blanket of darkness which settled over the Western world. Steve Jobs grew up reading The Whole Earth Catalog, a publication dedicated to the proposition that by spending your money in the right way, you could become the right kind of person.
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But because The Whole Earth Catalog emerged from the Bay Area after the death of several utopian ideals, the stench of its message was masked by patchouli, incense and paperback editions of gruel-thin Eastern spirituality. It was a new kind of marketing, geared towards the insecure bourgeois aspirant. Steve Jobs sucked it in and shit it out and transformed himself into Hades. The one god that can’t be escaped. His promise was simple: you have a choice. You can die ugly and unloved, or you can buy an overpriced computer or iPod and listen to early Bob Dylan and spin yourself off the wheel of Samsara. Your fundamental uncreativity will be masked by group membership.
Always Day One: How the Tech Titans Plan to Stay on Top Forever by Alex Kantrowitz
accounting loophole / creative accounting, Albert Einstein, AltaVista, Amazon Robotics, Amazon Web Services, Andy Rubin, anti-bias training, augmented reality, Automated Insights, autonomous vehicles, Bernie Sanders, Big Tech, Cambridge Analytica, Clayton Christensen, cloud computing, collective bargaining, computer vision, Donald Trump, drone strike, Elon Musk, fake news, Firefox, fulfillment center, gigafactory, Google Chrome, growth hacking, hive mind, income inequality, Infrastructure as a Service, inventory management, iterative process, Jeff Bezos, job automation, Jony Ive, Kiva Systems, knowledge economy, Lyft, Mark Zuckerberg, Menlo Park, new economy, Nick Bostrom, off-the-grid, Peter Thiel, QR code, ride hailing / ride sharing, robotic process automation, Salesforce, self-driving car, Sheryl Sandberg, Silicon Valley, Skype, Snapchat, SoftBank, Steve Ballmer, Steve Jobs, Steve Wozniak, super pumped, tech worker, Tim Cook: Apple, uber lyft, warehouse robotics, wealth creators, work culture , zero-sum game
an iPhone 5c: Ng, Alfred. “FBI Asked Apple to Unlock iPhone Before Trying All Its Options.” CNET, March 27, 2018. https://www.cnet.com/news/fbi-asked-apple-to-unlock-iphone-before-trying-all-its-options. not just one iPhone: Grossman, Lev. “Apple CEO Tim Cook: Inside His Fight with the FBI.” Time. Time Magazine, March 17, 2016. https://time.com/4262480/tim-cook-apple-fbi-2. the side of privacy: Cook, Tim. “Customer Letter.” Apple. Accessed February 16, 2016. https://www.apple.com/customer-letter. “To me, marketing is about values”: “Best Marketing Strategy Ever! Steve Jobs Think Different / Crazy Ones Speech (with Real Subtitles).”
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These improvements have helped the iPhone maintain its position at the top of the phone market. And even if people buy the iPhone less frequently, we both agreed, Apple will be fine. “As a user, I’m kind of happy with where things are with Apple right now,” Wozniak said. “What if their sales and market share dropped in half? So what. They’re still a huge company; it’s not going to go away.” But Apple isn’t interested in coasting on the iPhone’s success. It wants to build a car. It wants HomePod and Siri to succeed. It has bigger plans for the Steve Jobs Theater than showing trailers for shows on Apple TV+, a service meant to make more money from iPhone users (“Because they’re in a billion pockets, y’all,” as Oprah put it).
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Hands on the Wheel Imagine, if you will, a beaming Tim Cook taking the stage at Apple’s Steve Jobs Theater for the company’s biggest announcement since the iPhone. The theater, a subterranean auditorium on the outskirts of Apple’s Cupertino campus, was built for big announcements. And Cook, looking out at the one thousand assembled press, partners, and employees, has brought the goods. Turning toward the audience, Cook starts off with a nod to the past. “Any company would be fortunate to have one revolutionary product. But here at Apple, we’ve been lucky enough to build three,” he might say. “The Macintosh, the iPod, and the iPhone have all changed lives in profound ways.
How to Build a Billion Dollar App: Discover the Secrets of the Most Successful Entrepreneurs of Our Time by George Berkowski
Airbnb, Amazon Web Services, Andy Rubin, barriers to entry, Black Swan, business intelligence, call centre, crowdsourcing, deal flow, Dennis Tito, disruptive innovation, Dunbar number, en.wikipedia.org, game design, Google Glasses, Google Hangouts, Google X / Alphabet X, growth hacking, iterative process, Jeff Bezos, Jony Ive, Kickstarter, knowledge worker, Lean Startup, loose coupling, Marc Andreessen, Mark Zuckerberg, Mary Meeker, minimum viable product, MITM: man-in-the-middle, move fast and break things, Network effects, Oculus Rift, Paul Graham, QR code, Ruby on Rails, Salesforce, self-driving car, Sheryl Sandberg, Silicon Valley, Silicon Valley startup, Skype, Snapchat, social graph, SoftBank, software as a service, software is eating the world, Steve Jobs, Steven Levy, subscription business, TechCrunch disrupt, Travis Kalanick, two-pizza team, ubercab, Y Combinator
I’ll go through a brief history of how apps came about, and then explore three core reasons that allow apps to deliver a great mobile experience – things you’ll need to keep in mind when developing your own billion-dollar app. A brief history of the app The term ‘app’ has been around for a long time. An app (or application) and a software program are the same thing. Thanks to Apple, though, the word has been adopted by the mobile world, and means either a smartphone app or a tablet app. This wonderful app ecosystem almost didn’t happen at all, according to Walter Isaacson, the biographer of the famed Steve Jobs. When Apple was developing the iPhone, Jobs was initially not too enamoured with the idea that third-party developers should be able to create software to run directly on his beautiful, sleek device – and potentially mess it up.
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Chapter 36 Unicorns do Exist Everything around you that you call life was made up by people that were no smarter than you, and you can change it, you can influence it, you can build your own things that other people can use. Steve Jobs uttered these poignant words in 1995 during an interview with the Santa Clara Valley Historical Association. Jobs’s personal journey was particularly trying. At the time, Apple was in turmoil, and Jobs would only return to Apple a year later in 1996. What Jobs says next in the interview is particularly powerful: … shake off this erroneous notion that life is there and you’re just going to live in it versus make your mark upon it.
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Whether you’re a newcomer to mobile technology, a gifted developer, seasoned entrepreneur or just intrigued by what it takes to build a billion-dollar company in this day and age, this book is for you. It’s not just a theory My bookshelves are piled high with books brimming with great advice about how to build a great business, about how to cross chasms and be an effective executive. Biographies of Apple cofounder Steve Jobs, investor Warren Buffett, Google cofounder Larry Page, Microsoft cofounder Bill Gates and businesswoman and Facebook chief operating officer Sheryl Sandberg peer down over my desk. But, as I reread these books, I keep finding business strategies that no longer work, or principles that, although only a few years old, seem to be already outdated in the fast-moving world of mobile technology.
Dawn of the New Everything: Encounters With Reality and Virtual Reality by Jaron Lanier
4chan, air gap, augmented reality, back-to-the-land, Big Tech, Bill Atkinson, Buckminster Fuller, Burning Man, carbon footprint, cloud computing, collaborative editing, commoditize, Computer Lib, cosmological constant, creative destruction, crowdsourcing, deep learning, Donald Trump, Douglas Engelbart, Douglas Hofstadter, El Camino Real, Elon Musk, fake news, Firefox, game design, general-purpose programming language, gig economy, Google Glasses, Grace Hopper, Gödel, Escher, Bach, Hacker Ethic, Hans Moravec, Howard Rheingold, hype cycle, impulse control, information asymmetry, intentional community, invisible hand, Ivan Sutherland, Jaron Lanier, John Gilmore, John Perry Barlow, John von Neumann, Kevin Kelly, Kickstarter, Kuiper Belt, lifelogging, mandelbrot fractal, Mark Zuckerberg, Marshall McLuhan, Menlo Park, military-industrial complex, Minecraft, Mitch Kapor, Mondo 2000, Mother of all demos, Murray Gell-Mann, Neal Stephenson, Netflix Prize, Network effects, new economy, Nick Bostrom, Norbert Wiener, Oculus Rift, pattern recognition, Paul Erdős, peak TV, Plato's cave, profit motive, Project Xanadu, quantum cryptography, Ray Kurzweil, reality distortion field, recommendation engine, Richard Feynman, Richard Stallman, Ronald Reagan, self-driving car, Silicon Valley, Silicon Valley startup, Skinner box, Skype, Snapchat, stem cell, Stephen Hawking, Steve Bannon, Steve Jobs, Steven Levy, Stewart Brand, systems thinking, technoutopianism, Ted Nelson, telemarketer, telepresence, telepresence robot, Thorstein Veblen, Turing test, Vernor Vinge, Whole Earth Catalog, Whole Earth Review, WikiLeaks, wikimedia commons
The way the Valley really worked was that a tiny number of unofficial, supersocial, superpowered women connected everyone, creating companies, even whole technological movements. Histories of Silicon Valley always mention captains of industry like Steve Jobs, as they should, but you never see the names of the women who probably did as much to design the place. Linda Stone, aka GNF of the North in the Little Hunan, later became a well-known executive at both Apple and Microsoft at different times, but she also had an outsized and intangible early influence on the evolution of Silicon Valley. A list of accomplishments doesn’t really capture her role. Linda got Apple into making “content,” in those days still distributed on compact disks (remember CD-ROMs?)
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VR starts to feel good when certain perceived latencies get down to around 7 or 8 milliseconds. 7. http://www.scientificamerican.com/article/virtually-there/ 8. A second generation came out that produced much smoother and finer data. 9. https://www.youtube.com/watch?v=ho8KVOe_y08 Chapter 14 1. Apple famously fired Steve Jobs, and the whole Mac team quit. Then Apple almost died until he came back, and then it became the world’s most valuable company. This is why people like Mark Zuckerberg are shown such deference today. 2. Patricof was one of the people who didn’t do well, ultimately, from VPL. I feel bad about it. What I hear is that he never invested in VR again. 3.
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What if Silicon Valley, the place I might have the best shot at earning a living, turned out to be a place that pulled me away from the female world, from any hope of catching hold of a trace of who my mother had been? Flustered, I managed to say, “Are all the suits so bad? I have a friend who works for Steve Jobs at Apple and seems to think he has good ideas.” “Oh yeah, I worked with Steve at Atari, where he tried to be an engineer. The guy used to brag about how he’d optimize this chip, but I never saw him get anywhere. At least he learned his place.” What a curious society. Status was attached to technical attainment more than to money.
The Cult of We: WeWork, Adam Neumann, and the Great Startup Delusion by Eliot Brown, Maureen Farrell
"World Economic Forum" Davos, activist fund / activist shareholder / activist investor, Adam Neumann (WeWork), Airbnb, AOL-Time Warner, asset light, Bear Stearns, Bernie Madoff, Burning Man, business logic, cloud computing, coronavirus, corporate governance, COVID-19, Didi Chuxing, do what you love, don't be evil, Donald Trump, driverless car, East Village, Elon Musk, financial engineering, Ford Model T, future of work, gender pay gap, global pandemic, global supply chain, Google Earth, Gordon Gekko, greed is good, Greensill Capital, hockey-stick growth, housing crisis, index fund, Internet Archive, Internet of things, Jeff Bezos, John Zimmer (Lyft cofounder), Larry Ellison, low interest rates, Lyft, Marc Benioff, Mark Zuckerberg, Masayoshi Son, Maui Hawaii, Network effects, new economy, PalmPilot, Peter Thiel, pets.com, plant based meat, post-oil, railway mania, ride hailing / ride sharing, Robinhood: mobile stock trading app, rolodex, Salesforce, San Francisco homelessness, Sand Hill Road, self-driving car, sharing economy, Sheryl Sandberg, side hustle, side project, Silicon Valley, Silicon Valley startup, smart cities, Snapchat, SoftBank, software as a service, sovereign wealth fund, starchitect, Steve Jobs, subprime mortgage crisis, super pumped, supply chain finance, Tim Cook: Apple, Travis Kalanick, Uber and Lyft, Uber for X, uber lyft, vertical integration, Vision Fund, WeWork, women in the workforce, work culture , Y Combinator, Zenefits, Zipcar
Amazon was booming, having been led since its inception by Jeff Bezos, who had transformed the company from the plucky bookselling firm started in his garage to the world’s dominant e-commerce company. Mark Zuckerberg stayed firmly in control of Facebook, by far the most successful new tech company started in the twenty-first century. Then there was Apple’s co-founder Steve Jobs, who had a cultlike following in the Valley and was in the midst of making Apple the country’s most valuable corporation. What these startups-turned-juggernauts had in common was not lost on venture capitalists: driven founders with a gift for salesmanship. It didn’t take long for a handful of influential new venture capital firms—Peter Thiel’s Founders Fund and Andreessen Horowitz—to begin openly marketing themselves as “founder-friendly.”
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Financial startups vying to be the next generation of Wall Street giants were determined to democratize investing and expand opportunity to the underserved. The bombast was in part an outgrowth of Silicon Valley’s hippie roots, after the utopian ideals of the 1960s influenced some early leaders like Steve Jobs. But in a highly competitive market, that jargon was also necessary to lure talent. Skilled software engineers and managers had an abundance of tech companies to choose from; some could expect offers of $300,000 a year from the Googles and Apples of the world. To land top recruits, companies needed to offer more than just a salary. It was a shift from many other corners of the business world. Wall Street traders tend not to preach how they chose Goldman Sachs over UBS because one bank is better at expanding access to credit for the disadvantaged; they often do, however, say one offered better compensation.
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In 2006, Son’s rehabilitated SoftBank expanded into the mobile industry, spending roughly $15 billion to buy Vodafone’s business in Japan—a distant third-place carrier. By negotiating directly with Steve Jobs, he landed exclusive distribution rights for the iPhone, quickly vaulting his mobile phone company into the top tier. By 2012, the itch had returned. Son yearned to become a force in the United States again. He turned back to his mobile phone playbook and started trying to buy both Sprint and T-Mobile—a move to compete against AT&T and Verizon. He announced a $21.6 billion deal in late 2012 for 70 percent of Sprint. Apple’s Tim Cook and others assured him that a deal to buy T-Mobile as well would pass muster with U.S. regulators, he told others.
The Secret War Between Downloading and Uploading: Tales of the Computer as Culture Machine by Peter Lunenfeld
Albert Einstein, Andrew Keen, anti-globalists, Apple II, Berlin Wall, British Empire, Brownian motion, Buckminster Fuller, Burning Man, business cycle, business logic, butterfly effect, Charles Babbage, computer age, Computing Machinery and Intelligence, creative destruction, crowdsourcing, cuban missile crisis, Dissolution of the Soviet Union, don't be evil, Douglas Engelbart, Douglas Engelbart, Dynabook, East Village, Edward Lorenz: Chaos theory, Fairchild Semiconductor, Fall of the Berlin Wall, folksonomy, Francis Fukuyama: the end of history, Frank Gehry, Free Software Foundation, Grace Hopper, gravity well, Guggenheim Bilbao, Herman Kahn, Honoré de Balzac, Howard Rheingold, Ian Bogost, invention of movable type, Isaac Newton, Ivan Sutherland, Jacquard loom, Jane Jacobs, Jeff Bezos, John Markoff, John von Neumann, Jon Ronson, Kickstarter, Mark Zuckerberg, Marshall McLuhan, Mercator projection, Metcalfe’s law, Mother of all demos, mutually assured destruction, Neal Stephenson, Nelson Mandela, Network effects, new economy, Norbert Wiener, PageRank, pattern recognition, peer-to-peer, planetary scale, plutocrats, post-materialism, Potemkin village, RFID, Richard Feynman, Richard Stallman, Robert Metcalfe, Robert X Cringely, Schrödinger's Cat, Search for Extraterrestrial Intelligence, seminal paper, SETI@home, Silicon Valley, Skype, social bookmarking, social software, spaced repetition, Steve Ballmer, Steve Jobs, Steve Wozniak, technological determinism, Ted Nelson, the built environment, the Cathedral and the Bazaar, The Death and Life of Great American Cities, the medium is the message, Thomas L Friedman, Turing machine, Turing test, urban planning, urban renewal, Vannevar Bush, walkable city, Watson beat the top human players on Jeopardy!, William Shockley: the traitorous eight
Selling to the masses is what Hustlers were born to do. The Hustlers: Steve Jobs and Bill Gates Who can afford to do professional work for nothing? —Bill Gates, 1976 Real artists ship. —Steve Jobs, 1983 162 HOW THE COMPUTER BECAME OUR CULTURE MACHINE If J.C.R. Licklider and Douglas Engelbart are obscure talismans even among the best-informed computer users, Steve Jobs and Bill Gates are iconic, triumphal nerds.20 Jobs at his height was perhaps the most intriguing businessperson in the world, and one of the few people to have built multibillion-dollar companies in two different industries, with Apple computers and Pixar animated films.
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Gates has been admired for his strategy and condemned for his ruthlessness, but much like the Plutocrats before him, he was never defined by vision. Steve Jobs, the cofounder and CEO of Apple, on the other hand, has been known to create a “reality distortion effect” around himself because of the intensity of his vision for computing. He worked for early electronic games pioneer Atari in the late 1970s and visited Xerox PARC, where he saw the work infused with Engelbart and Kay’s Aquarian vision. This spirit resonated with Jobs, who at one point had taken a personal pilgrimage to India and lived in an ashram. But even more so, the meme of participation entered his head on those visits to PARC. The Apple II, released in 1977, was unique in having a graphics capability and a soundboard built in.
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In reaction to the buttoned-down, all-business attitudes of the Plutocrats, the Aquarians of the 1960s and 1970s—people like Douglas Englebart and Alan Kay—expand on the more openended ideas of the Patriarchs, and develop the paradigm of visual, personalized, networked computing. In the 1980s and 1990s, the Hustlers—Microsoft’s Bill Gates and Apple’s Steve Jobs—commodify this personalized vision, putting a distinctive, “new economy” stamp on computing. Building on the installed base of all these users as the new millennium looms, the Hosts— World Wide Web inventor Tim Berners-Lee and open-source guru Linus Torvalds—link these disparate personal machines into a huge web, concentrating on communication as much as technology, pushing participation to the next level.
Thank You for Being Late: An Optimist's Guide to Thriving in the Age of Accelerations by Thomas L. Friedman
3D printing, additive manufacturing, affirmative action, Airbnb, AltaVista, Amazon Web Services, Anthropocene, Apple Newton, autonomous vehicles, Ayatollah Khomeini, barriers to entry, Berlin Wall, Bernie Sanders, Big Tech, biodiversity loss, bitcoin, blockchain, Bob Noyce, business cycle, business process, call centre, carbon tax, centre right, Chris Wanstrath, Clayton Christensen, clean tech, clean water, cloud computing, cognitive load, corporate social responsibility, creative destruction, CRISPR, crowdsourcing, data science, David Brooks, deep learning, demand response, demographic dividend, demographic transition, Deng Xiaoping, digital divide, disinformation, Donald Trump, dual-use technology, end-to-end encryption, Erik Brynjolfsson, fail fast, failed state, Fairchild Semiconductor, Fall of the Berlin Wall, Ferguson, Missouri, first square of the chessboard / second half of the chessboard, Flash crash, fulfillment center, game design, gig economy, global pandemic, global supply chain, Great Leap Forward, illegal immigration, immigration reform, income inequality, indoor plumbing, intangible asset, Intergovernmental Panel on Climate Change (IPCC), Internet of things, invention of the steam engine, inventory management, Irwin Jacobs: Qualcomm, Jeff Bezos, job automation, John Markoff, John von Neumann, Khan Academy, Kickstarter, knowledge economy, knowledge worker, land tenure, linear programming, Live Aid, low interest rates, low skilled workers, Lyft, Marc Andreessen, Mark Zuckerberg, mass immigration, Maui Hawaii, Menlo Park, Mikhail Gorbachev, mutually assured destruction, Neil Armstrong, Nelson Mandela, ocean acidification, PalmPilot, pattern recognition, planetary scale, power law, pull request, Ralph Waldo Emerson, ransomware, Ray Kurzweil, Richard Florida, ride hailing / ride sharing, Robert Gordon, Ronald Reagan, Salesforce, Second Machine Age, self-driving car, shareholder value, sharing economy, Silicon Valley, Skype, smart cities, Solyndra, South China Sea, Steve Jobs, subscription business, supercomputer in your pocket, synthetic biology, systems thinking, TaskRabbit, tech worker, TED Talk, The Rise and Fall of American Growth, Thomas L Friedman, Tony Fadell, transaction costs, Transnistria, uber lyft, undersea cable, urban decay, urban planning, Watson beat the top human players on Jeopardy!, WikiLeaks, women in the workforce, Y2K, Yogi Berra, zero-sum game
The idea was to try to create a device that combined the Palm Pilot—at that time basically a combination calendar, Filofax, address book, and day planner, with note-taking capabilities and a wireless Web-based text browser—with a 3G cell phone. That way when you called up a phone number in the Palm Pilot address book, you could just click on it and the cell phone would dial it. And with the same device you could surf the Internet. Jacobs approached Apple to see if they were interested in partnering with Qualcomm on this, using the Apple Newton, their Palm competitor. But Apple—this was just before Steve Jobs came back—turned them down and eventually killed the Newton. So Jacobs went to Palm and together they ended up making the first “smartphone”—the Qualcomm pdQ 1900—in 1998. It was the first phone designed not just to relay text messages, but to combine digital wireless mobile broadband connectivity to the Internet with a touchscreen and an open operating system that eventually ran downloadable apps.
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The early device they created was rather clunky: it had none of the easy user interfaces and beautiful design that Steve Jobs’s Apple iPhone would eventually offer in 2007, and it came out before there was the Internet bandwidth to do many things. So Qualcomm went back to concentrating on making everything inside the smartphone. Qualcomm gets its improvements by using software and hardware techniques to more densely pack and compress bits, and Jacobs believes it can improve further—maybe another thousandfold—before it reaches its limit. Most people think that they can watch Game of Thrones on their cell phone because Apple came out with a better phone. No, Apple gave you a larger screen and better display, but the reason it is not buffering is because Qualcomm and AT&T and others invested billions of dollars in making the wireless network and phones more efficient.
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AT&T’s reputation was on the line—and Jobs would not have been a happy camper if his beautiful phone kept dropping calls. To handle the problem, Stephenson turned to his chief of strategy, John Donovan, and Donovan enlisted Krish Prabhu, now president of AT&T Labs. Donovan picks up the story: “It’s 2006, and Apple is negotiating the service contracts for the iPhone. No one had even seen one. We decided to bet on Steve Jobs. When the phone first came out [in 2007] it had only Apple apps, and it was on a 2G network. So it had a very small straw, but it worked because people only wanted to do a few apps that came with the phone.” But then Jobs decided to open up the iPhone, as the venture capitalist John Doerr had suggested, to app developers everywhere.
Whole Earth: The Many Lives of Stewart Brand by John Markoff
A Pattern Language, air freight, Anthropocene, Apple II, back-to-the-land, Benoit Mandelbrot, Bernie Madoff, Beryl Markham, Big Tech, Bill Atkinson, Biosphere 2, Brewster Kahle, Buckminster Fuller, Burning Man, butterfly effect, Claude Shannon: information theory, cloud computing, complexity theory, computer age, Computer Lib, computer vision, Danny Hillis, decarbonisation, demographic transition, disinformation, Douglas Engelbart, Douglas Engelbart, Dynabook, El Camino Real, Electric Kool-Aid Acid Test, en.wikipedia.org, experimental subject, feminist movement, Fillmore Auditorium, San Francisco, Filter Bubble, game design, gentrification, global village, Golden Gate Park, Hacker Conference 1984, Hacker Ethic, Haight Ashbury, Herman Kahn, housing crisis, Howard Rheingold, HyperCard, intentional community, Internet Archive, Internet of things, Jane Jacobs, Jaron Lanier, Jeff Bezos, John Gilmore, John Markoff, John Perry Barlow, Kevin Kelly, Kickstarter, knowledge worker, Lao Tzu, Lewis Mumford, Loma Prieta earthquake, Marshall McLuhan, megacity, Menlo Park, Michael Shellenberger, microdosing, Mitch Kapor, Morris worm, Mother of all demos, move fast and break things, New Urbanism, Norbert Wiener, Norman Mailer, North Sea oil, off grid, off-the-grid, paypal mafia, Peter Calthorpe, Ponzi scheme, profit motive, public intellectual, Ralph Nader, RAND corporation, Ray Kurzweil, Richard Stallman, Sand Hill Road, self-driving car, shareholder value, Silicon Valley, South of Market, San Francisco, speech recognition, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, systems thinking, technoutopianism, Ted Nelson, Ted Nordhaus, TED Talk, The Death and Life of Great American Cities, The Hackers Conference, Thorstein Veblen, traveling salesman, Turing test, upwardly mobile, Vernor Vinge, We are as Gods, Whole Earth Catalog, Whole Earth Review, young professional
The deal proved to be a disappointment when the market for how-to computing manuals was quickly oversubscribed, but its magnitude alerted an industry that remained notoriously conservative about using new technologies that there might be a market for books about personal computing. Brockman had come to San Francisco in the spring of 1983 to attend the West Coast Computer Faire, an annual computer hobbyist exhibition. (It had been at the first Faire, held in 1977, that a twenty-two-year-old Steve Jobs and his twenty-six-year-old partner, Steve Wozniak, had introduced the Apple II.) Brockman’s literary agency was focused on scientists and technology writers. Now he embarked on a strategy of trying to find and represent star programmers, selling their work to the new software publishing industry. He had recently added an image of a floppy disk to the logo on his company stationery.
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* * * * * * Brand kept his hand in a growing array of outside activities, including several nonprofit board seats and his lecturing position at the Western Behavioral Sciences Institute, where he went at the end of 1984 for his twice-annual face-to-face stint with his students. It was there that Steve Jobs played an indirect role in plunging Brand even more deeply into the emerging digital universe. Phelan had accompanied Brand to the La Jolla campus, and one day they were about to sneak off during lunch to a secluded skinny-dipping spot known as Black’s Beach when they were cornered by a roly-poly man on a mission. In 1969, Brand had met Larry Brilliant while Brilliant was training to be a doctor in San Francisco and Brand was organizing the Hunger Show. Brilliant had later befriended Steve Jobs when the young computer entrepreneur was on a spiritual pilgrimage in India while Brilliant was there working on the international effort to eradicate smallpox.
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Many of the things that Brand has attempted in the past six decades would fail, but some have succeeded spectacularly. He has retained an uncanny ability to stumble into trends early, and sometimes to create them. One of the most important roles he has played, first for the counterculture generation and more recently for millennials, is as a model for how to live one’s life. Steve Jobs fastened onto the Brand approach in recounting his own life in his influential 2005 Stanford commencement address. He found inspiration in the closing page of Brand’s Whole Earth Epilog. It captured the sensibility that emerged on the western edge of the continent during the sixties. The back cover of the 1974 edition of the publication was a photograph of the kind of open road a hitchhiker might find while waiting in the morning sun on a California highway.
Makers and Takers: The Rise of Finance and the Fall of American Business by Rana Foroohar
"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, accounting loophole / creative accounting, activist fund / activist shareholder / activist investor, additive manufacturing, Airbnb, Alan Greenspan, algorithmic trading, Alvin Roth, Asian financial crisis, asset allocation, bank run, Basel III, Bear Stearns, behavioural economics, Big Tech, bonus culture, Bretton Woods, British Empire, business cycle, buy and hold, call centre, Capital in the Twenty-First Century by Thomas Piketty, Carl Icahn, Carmen Reinhart, carried interest, centralized clearinghouse, clean water, collateralized debt obligation, commoditize, computerized trading, corporate governance, corporate raider, corporate social responsibility, credit crunch, Credit Default Swap, credit default swaps / collateralized debt obligations, crony capitalism, crowdsourcing, data science, David Graeber, deskilling, Detroit bankruptcy, diversification, Double Irish / Dutch Sandwich, electricity market, Emanuel Derman, Eugene Fama: efficient market hypothesis, financial deregulation, financial engineering, financial intermediation, Ford Model T, Frederick Winslow Taylor, George Akerlof, gig economy, Glass-Steagall Act, Goldman Sachs: Vampire Squid, Gordon Gekko, greed is good, Greenspan put, guns versus butter model, High speed trading, Home mortgage interest deduction, housing crisis, Howard Rheingold, Hyman Minsky, income inequality, index fund, information asymmetry, interest rate derivative, interest rate swap, Internet of things, invisible hand, James Carville said: "I would like to be reincarnated as the bond market. You can intimidate everybody.", John Bogle, John Markoff, joint-stock company, joint-stock limited liability company, Kenneth Rogoff, Kickstarter, knowledge economy, labor-force participation, London Whale, Long Term Capital Management, low interest rates, manufacturing employment, market design, Martin Wolf, money market fund, moral hazard, mortgage debt, mortgage tax deduction, new economy, non-tariff barriers, offshore financial centre, oil shock, passive investing, Paul Samuelson, pensions crisis, Ponzi scheme, principal–agent problem, proprietary trading, quantitative easing, quantitative trading / quantitative finance, race to the bottom, Ralph Nader, Rana Plaza, RAND corporation, random walk, rent control, Robert Shiller, Ronald Reagan, Satyajit Das, Savings and loan crisis, scientific management, Second Machine Age, shareholder value, sharing economy, Silicon Valley, Silicon Valley startup, Snapchat, Social Responsibility of Business Is to Increase Its Profits, sovereign wealth fund, Steve Jobs, stock buybacks, subprime mortgage crisis, technology bubble, TED Talk, The Chicago School, the new new thing, The Spirit Level, The Wealth of Nations by Adam Smith, Tim Cook: Apple, Tobin tax, too big to fail, Tragedy of the Commons, trickle-down economics, Tyler Cowen: Great Stagnation, Vanguard fund, vertical integration, zero-sum game
It wasn’t the way Steve Jobs would have done it. In the spring of 2013, Jobs’s successor as CEO of Apple Inc., Tim Cook, decided the company needed to borrow $17 billion. Yes, borrow. Never mind that Apple was the world’s most valuable corporation, that it had sold more than a billion devices so far, and that it already had $145 billion sitting in the bank, with another $3 billion in profits flowing in every month. So, why borrow? It was not because the company was a little short, obviously, or because it couldn’t put its hands on any of its cash. The reason, rather, was that Apple’s financial masters had determined borrowing was the better, more cost-effective way to obtain the funds.
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Icahn says he doesn’t consider his buyback push and the subsequent payouts an indictment of Cook, who has been at Apple’s helm since Steve Jobs died in 2011. “Tim Cook is doing a good job with the business,” Icahn told me back in 2013. “I think he’s good at running the business whether he does what I want or not. I’m not against the management of this company….They’ve just got too much money on their balance sheet,” he said. “But Apple is not a bank.” It’s a statement that has more truth and resonance than even Icahn, the original wolf of Wall Street, might imagine. True, Apple isn’t a bank—at least not in name. But in many ways, it acts just like one.
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There are thousands of examples that one could cite, but here’s a particularly telling one: Less than a year after Apple introduced the iPod, the company’s stock began to fall steadily.33 That was because the product that would kick-start the greatest corporate turnaround in history initially disappointed, selling under 400,000 units in its debut year. Thankfully, Steve Jobs didn’t give a fig. He stuck with the idea, and today more than 1.9 billion Apple devices have been sold. Whether Tim Cook’s Apple will be remembered in the same way is still an open question, since despite the enormous dividends, Cook’s strategy has been very much of the downsize-and-distribute kind, in which profits are handed out to investors to allay concerns over the company’s lagging stock price.
Framers: Human Advantage in an Age of Technology and Turmoil by Kenneth Cukier, Viktor Mayer-Schönberger, Francis de Véricourt
Albert Einstein, Andrew Wiles, Apollo 11, autonomous vehicles, Ben Bernanke: helicopter money, Berlin Wall, bitcoin, Black Lives Matter, blockchain, Blue Ocean Strategy, circular economy, Claude Shannon: information theory, cognitive dissonance, cognitive load, contact tracing, coronavirus, correlation does not imply causation, COVID-19, credit crunch, CRISPR, crowdsourcing, cuban missile crisis, Daniel Kahneman / Amos Tversky, deep learning, DeepMind, defund the police, Demis Hassabis, discovery of DNA, Donald Trump, double helix, Douglas Hofstadter, Elon Musk, en.wikipedia.org, fake news, fiat currency, framing effect, Francis Fukuyama: the end of history, Frank Gehry, game design, George Floyd, George Gilder, global pandemic, global village, Gödel, Escher, Bach, Higgs boson, Ignaz Semmelweis: hand washing, informal economy, Isaac Newton, Jaron Lanier, Jeff Bezos, job-hopping, knowledge economy, Large Hadron Collider, lockdown, Louis Pasteur, Mark Zuckerberg, Mercator projection, meta-analysis, microaggression, Mustafa Suleyman, Neil Armstrong, nudge unit, OpenAI, packet switching, pattern recognition, Peter Thiel, public intellectual, quantitative easing, Ray Kurzweil, Richard Florida, Schrödinger's Cat, scientific management, self-driving car, Silicon Valley, Steve Jobs, Steven Pinker, TED Talk, The Structural Transformation of the Public Sphere, Thomas Kuhn: the structure of scientific revolutions, TikTok, Tim Cook: Apple, too big to fail, transaction costs, Tyler Cowen
The information was also compiled from conversations with Podolny when he was at Yale, interviews, firsthand experience, and written accounts, including: Jessica Guynn, “Steve Jobs’ Virtual DNA to Be Fostered in Apple University,” Los Angeles Times, October 6, 2011, https://www.latimes.com/archives/la-xpm-2011-oct-06-la-fi-apple-university-20111006-story.html; Brian X. Chen, “Simplifying the Bull: How Picasso Helps to Teach Apple’s Style,” New York Times, August 10, 2014, https://www.nytimes.com/2014/08/11/technology/-inside-apples-internal-training-program-.html; Adam Lashinsky, Inside Apple: How America’s Most Admired—and Secretive—Company Really Works (New York: Business Plus, 2012).
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As a scholar of status in organizations, now Podolny was tipped as a future university president himself. But in 2008, after just three years at Yale, Podolny abruptly resigned to reframe his own career. Steve Jobs had quietly courted Joel Podolny. Faced with the return of his cancer and the need to set Apple up to prosper without him, he convinced Podolny to join the company. Jobs wanted his legacy to be a team of executives who could “think different,” in the words of the company’s iconic advertising campaign. He hired Podolny to be the head of Apple University, where he needed to instill the importance of mental flexibility and of holding convictions but being ready to relinquish them for new perspectives.
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There is a risk, however, that just because someone has reframed successfully, they believe they can do it again and again. There can be a vainglory attached to reframers, who wear their achievement like a golden crown and reapply the new frame where it does not fit. The best innovators are aware of this and work to minimize it. Steve Jobs of Apple, Jeff Bezos of Amazon, and Larry Page of Google all enjoyed reputations for stubbornness but at the same time actively sought out alternative views that contradicted their own. They understood the shortcoming of relying on a single frame and the value of being exposed to alternative ones. One of the most notorious examples of a successful reframer becoming too attached to a frame is Albert Einstein.
The New Geography of Jobs by Enrico Moretti
assortative mating, Bill Gates: Altair 8800, business climate, call centre, classic study, clean tech, cloud computing, corporate raider, creative destruction, desegregation, Edward Glaeser, Fairchild Semiconductor, financial innovation, gentrification, global village, hiring and firing, income inequality, industrial cluster, Jane Jacobs, Jeff Bezos, Joseph Schumpeter, knowledge economy, labor-force participation, low skilled workers, manufacturing employment, Mark Zuckerberg, mass immigration, medical residency, Menlo Park, new economy, peer-to-peer lending, Peter Thiel, Productivity paradox, Recombinant DNA, Richard Florida, Sand Hill Road, Shenzhen special economic zone , Silicon Valley, Skype, Solyndra, special economic zone, Startup school, Steve Jobs, Steve Wozniak, tech worker, thinkpad, Tyler Cowen, Tyler Cowen: Great Stagnation, Wall-E, Y Combinator, zero-sum game
The first batch of two hundred Apple I computers was assembled by Steve Jobs and Steve Wozniak in Jobs’s famous garage in Los Altos in 1976. Production didn’t stray far for a few years. During the 1980s, Apple was manufacturing most of its Macs in a factory in Fremont, California. But in 1992 Apple shut down the factory and shifted production first to cheaper parts of California and Colorado, then to Ireland and Singapore. All other American companies followed the model. As James Fallows once put it, “Everyone in America has heard of Dell, Sony, Compaq, HP, Lenovo-IBM ThinkPad, Apple, NEC, Gateway, Toshiba.
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Two of the jobs created by the multiplier effect are professional jobs—doctors and lawyers—while the other three benefit workers in nonprofessional occupations—waiters and store clerks. Take Apple, for example. It employs 12,000 workers in Cupertino. Through the multiplier effect, however, the company generates more than 60,000 additional service jobs in the entire metropolitan area, of which 36,000 are unskilled and 24,000 are skilled. Incredibly, this means that the main effect of Apple on the region’s employment is on jobs outside of high tech. (Incidentally, Apple is among Tim James’s clients: when Steve Jobs died, James was commissioned to make the family’s condolence book.) In essence, in Silicon Valley, high-tech jobs are the cause of local prosperity, and the doctors, lawyers, roofers, and yoga teachers are the effect.
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It is a mix of color science, computer science, and mathematics. He starts with equations and ends up with the amazingly colorful stories that have made Pixar the industry leader. Pixar’s creative genes run deep. The studio was founded by the iconic Star Wars director George Lucas and then acquired by Apple’s Steve Jobs and later by Disney. Since the beginning, the company’s identity has been an intense dialogue between art and technology. At first the technological side was dominant. In its early years, Pixar was mostly a computer hardware company. Its Pixar Image Computer was designed to perform graphic design for hospitals and medical research facilities, but at $135,000 it was too expensive to become successful.
The Connected Company by Dave Gray, Thomas Vander Wal
A Pattern Language, Alan Greenspan, Albert Einstein, Amazon Mechanical Turk, Amazon Web Services, Atul Gawande, Berlin Wall, business cycle, business process, call centre, Clayton Christensen, commoditize, complexity theory, creative destruction, David Heinemeier Hansson, digital rights, disruptive innovation, en.wikipedia.org, factory automation, folksonomy, Googley, index card, industrial cluster, interchangeable parts, inventory management, Jeff Bezos, John Markoff, Kevin Kelly, loose coupling, low cost airline, market design, minimum viable product, more computing power than Apollo, power law, profit maximization, Richard Florida, Ruby on Rails, Salesforce, scientific management, self-driving car, shareholder value, side project, Silicon Valley, skunkworks, software as a service, South of Market, San Francisco, Steve Jobs, Steven Levy, Stewart Brand, subscription business, systems thinking, tacit knowledge, The Wealth of Nations by Adam Smith, Tony Hsieh, Toyota Production System, two-pizza team, Vanguard fund, web application, WikiLeaks, work culture , Zipcar
In 2001, Napster had already disrupted the music business, and there was no safe, easy, legitimate way to buy music online. While Apple’s Steve Jobs set out to recruit music companies and artists to offer their songs for sale on iTunes, Sony announced it would go forward with a proprietary format called Pressplay. Apple announced a rival technology called FairPlay. Both Pressplay and FairPlay protected the digital rights of any song bought online. But there was a critical difference. Sony’s Pressplay would only play authorized, protected files, but Apple’s FairPlay would protect files bought in their store, and also play any file in a user’s existing library. This made Apple’s platform more valuable, because users did not have to start from scratch to build a music library.
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In a recent interview, Gary Starkweather, inventor of the laser printer and former Xerox PARC researcher, told Malcolm Gladwell: “They just could not seem to see that they were in the information business… Xerox had been infested by a bunch of spreadsheet experts who thought you could decide every product based on metrics. Unfortunately, creativity wasn’t on a metric.” Apple founder Steve Jobs paid a visit to Xerox PARC in 1979. He was inspired. Xerox PARC engineer Larry Tesler reported to Gladwell: “Jobs was pacing around the room, acting up the whole time. He was very excited. Then, when he began seeing the things I could do onscreen, he watched for about a minute and started jumping around the room, shouting, ‘Why aren’t you doing anything with this? This is the greatest thing. This is revolutionary!’” Jobs went back to Apple, and the rest is history. Xerox may have learned its lesson. Today, the company is focused on moving from being a copier company to a services company.
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As resources accumulate, this constellation of capabilities and goals begins to coalesce into a working model, and possibly a new and innovative offering. The bottom line is that entrepreneurs focus on things that are within their direct control and try to make things happen. If life gives you lemons, you make lemonade. We have a tradition of making heroes out of entrepreneurs: people like Richard Branson of Virgin Media, Steve Jobs of Apple, and Jeff Bezos of Amazon. And indeed, they are amazing people. But they can also be intimidating. The deification of entrepreneurs can lead to a feeling of helplessness, the idea that we as individuals aren’t smart enough or visionary enough to pull it off. But the powerful message here is that anyone can be an entrepreneur.
The Billionaire and the Mechanic: How Larry Ellison and a Car Mechanic Teamed Up to Win Sailing's Greatest Race, the Americas Cup, Twice by Julian Guthrie
AOL-Time Warner, Apple's 1984 Super Bowl advert, Benchmark Capital, Boeing 747, cloud computing, Cornelius Vanderbilt, fear of failure, Ford paid five dollars a day, independent contractor, Kaizen: continuous improvement, Larry Ellison, Loma Prieta earthquake, Marc Benioff, market bubble, Maui Hawaii, new economy, pets.com, Ronald Reagan, Salesforce, side project, Silicon Valley, Silicon Valley billionaire, software as a service, South of Market, San Francisco, Steve Jobs, warehouse automation, white picket fence, Yogi Berra
“Stick to radiators.” 5 Woodside, California Early Spring 2000 “I’M TALKING ABOUT GREATNESS, about taking a lever to the world and moving it,” Larry said, walking the grounds of his new Woodside property with his best friend Steve Jobs. “I’m not talking about moral perfection. I’m talking about people who changed the world the most during their lifetime.” Jobs, who had returned to Apple three years earlier, enjoyed the conversational volleying and placed Leonardo da Vinci and Gandhi as his top choices, with Gandhi in the lead. Leonardo, a great artist and inventor, lived in violent times and was a designer of tanks, battlements, ramparts, and an assortment of other military tools and castle fortifications.
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Chris is coming back to lead this team. He’s an exceptionally good tactician, and we need a good tactician. I know he’s intense. He’s also disciplined and decisive. He is the best sailor on this team. You can’t vote our best sailor off the team.” Sidelining Dickson, Larry said, was like the time in the 1980s when the Apple board replaced Steve Jobs with John Sculley. “How dumb was that?” Erkelens could see the level of dissension and unhappiness. It certainly wasn’t the Braveheart freedom speech Larry probably wanted, inspring his troops to pick up their swords and prepare for battle. Then another sailor raised his hand and said, “I thought we were here to have fun.”
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—Kirkus Reviews “From the opening scene in this book—and scene is the appropriate word for its cinematic beginning—the reader is swept along on heart-thumping rides on swift, dueling sailboats, past an assemblage of characters worthy of Dreiser, past the shoals of deceit worthy of Dickens, and coming to rest on the formidable character of billionaire Larry Ellison, who has the will-to-win of his best friend, Steve Jobs, and of a mechanic, who made winning possible. Julian Guthrie writes as if with a magic wand, holding the reader spellbound.” —Ken Auletta “Surely the most comprehensive book ever written about an America’s Cup challenge, The Billionaire and the Mechanic will surely be must reading for any yacht-racing aficionado.”
The Myth of Capitalism: Monopolies and the Death of Competition by Jonathan Tepper
"Friedman doctrine" OR "shareholder theory", Affordable Care Act / Obamacare, air freight, Airbnb, airline deregulation, Alan Greenspan, bank run, barriers to entry, Berlin Wall, Bernie Sanders, Big Tech, big-box store, Bob Noyce, Boston Dynamics, business cycle, Capital in the Twenty-First Century by Thomas Piketty, citizen journalism, Clayton Christensen, collapse of Lehman Brothers, collective bargaining, compensation consultant, computer age, Cornelius Vanderbilt, corporate raider, creative destruction, Credit Default Swap, crony capitalism, diversification, don't be evil, Donald Trump, Double Irish / Dutch Sandwich, Dunbar number, Edward Snowden, Elon Musk, en.wikipedia.org, eurozone crisis, Fairchild Semiconductor, Fall of the Berlin Wall, family office, financial innovation, full employment, gentrification, German hyperinflation, gig economy, Gini coefficient, Goldman Sachs: Vampire Squid, Google bus, Google Chrome, Gordon Gekko, Herbert Marcuse, income inequality, independent contractor, index fund, Innovator's Dilemma, intangible asset, invisible hand, Jeff Bezos, Jeremy Corbyn, Jevons paradox, John Nash: game theory, John von Neumann, Joseph Schumpeter, junk bonds, Kenneth Rogoff, late capitalism, London Interbank Offered Rate, low skilled workers, Mark Zuckerberg, Martin Wolf, Maslow's hierarchy, means of production, merger arbitrage, Metcalfe's law, multi-sided market, mutually assured destruction, Nash equilibrium, Network effects, new economy, Northern Rock, offshore financial centre, opioid epidemic / opioid crisis, passive investing, patent troll, Peter Thiel, plutocrats, prediction markets, prisoner's dilemma, proprietary trading, race to the bottom, rent-seeking, road to serfdom, Robert Bork, Ronald Reagan, Sam Peltzman, secular stagnation, shareholder value, Sheryl Sandberg, Silicon Valley, Silicon Valley billionaire, Skype, Snapchat, Social Responsibility of Business Is to Increase Its Profits, SoftBank, Steve Jobs, stock buybacks, tech billionaire, The Chicago School, The Wealth of Nations by Adam Smith, Thomas Kuhn: the structure of scientific revolutions, too big to fail, undersea cable, Vanguard fund, vertical integration, very high income, wikimedia commons, William Shockley: the traitorous eight, you are the product, zero-sum game
The list of Xerox's inventions is extraordinary: the graphical user interface, computer-generated bitmap images, WYSIWYG (What You See Is What You Get) text editors, object-oriented programming, Ethernet cables, and workstations for DARPAnet.54 Yet the company did little with these innovations. It took Steve Jobs and Apple to license them and bring products to the public. Likewise, AT&T and RCA were extremely innovative companies, but other companies ultimately developed their key technologies, such as the transistor. AT&T and RCA stuck to phones and radio, and became the antithesis of originality.55 There is a reason why big companies are so bad at implementing new ideas. Steve Jobs rarely recommended books, but he liked The Innovator's Dilemma by Clayton Christensen. His 1997 book was embraced by Silicon Valley and called one of the six best business books ever by The Economist.56 Christensen's theory was that because successful companies cannot disrupt themselves; they leave themselves vulnerable to competition from upstarts because they abandon the lower end of the market.
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We often think in the U.S. that people or companies create success, but what Silicon Valley shows us is that often it's communities of people across a region.”3 If Noyce thought Shockley was God in the early 1950s, Steve Jobs idolized Noyce in the 1970s. When Apple was starting, Noyce was already a legend with Intel. “Bob Noyce took me under his wing,” Jobs said. “He tried to give me the lay of the land, give me a perspective that I could only partially understand.” Jobs continued, “You can't really understand what is going on now unless you understand what came before.”4 Although Jobs worshipped Noyce, he failed to give his own Apple employees the same freedoms that allowed Noyce's best innovations to flourish. In 2014 it came to light that Jobs had been preventing employees from moving to other companies.
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Mike McPhate, “California Today: Silicon Valley's Secret Sauce,” May 19, 2017, https://www.nytimes.com/2017/05/19/us/california-today-silicon-valley.html. 4. https://www.csmonitor.com/Technology/2011/1212/Robert-Noyce-Why-Steve-Jobs-idolized-Noyce. 5. Jim Edwards, “Emails from Google's Eric Schmidt and Sergey Brin Show a Shady Agreement Not to Hire Apple Workers,” March 23, 2014, http://www.businessinsider.com/emails-eric-schmidt-sergey-brin-hiring-apple-2014-3. 6. Barry Levine, “4 Tech Companies Are Paying a $325M Fine for Their Illegal Non-compete Pact,” May 23, 2014, https://venturebeat.com/2014/05/23/4-tech-companies-are-paying-a-325m-fine-for-their-illegal-non-compete-pact/. 7.
Dreaming in Code: Two Dozen Programmers, Three Years, 4,732 Bugs, and One Quest for Transcendent Software by Scott Rosenberg
A Pattern Language, AOL-Time Warner, Benevolent Dictator For Life (BDFL), Berlin Wall, Bill Atkinson, c2.com, call centre, collaborative editing, Computer Lib, conceptual framework, continuous integration, Do you want to sell sugared water for the rest of your life?, Donald Knuth, Douglas Engelbart, Douglas Engelbart, Douglas Hofstadter, Dynabook, en.wikipedia.org, Firefox, Ford Model T, Ford paid five dollars a day, Francis Fukuyama: the end of history, Free Software Foundation, functional programming, General Magic , George Santayana, Grace Hopper, Guido van Rossum, Gödel, Escher, Bach, Howard Rheingold, HyperCard, index card, intentional community, Internet Archive, inventory management, Ivan Sutherland, Jaron Lanier, John Markoff, John Perry Barlow, John von Neumann, knowledge worker, L Peter Deutsch, Larry Wall, life extension, Loma Prieta earthquake, machine readable, Menlo Park, Merlin Mann, Mitch Kapor, Neal Stephenson, new economy, Nicholas Carr, no silver bullet, Norbert Wiener, pattern recognition, Paul Graham, Potemkin village, RAND corporation, Ray Kurzweil, Richard Stallman, Ronald Reagan, Ruby on Rails, scientific management, semantic web, side project, Silicon Valley, Singularitarianism, slashdot, software studies, source of truth, South of Market, San Francisco, speech recognition, stealth mode startup, stem cell, Stephen Hawking, Steve Jobs, Stewart Brand, Strategic Defense Initiative, Ted Nelson, the Cathedral and the Bazaar, Therac-25, thinkpad, Turing test, VA Linux, Vannevar Bush, Vernor Vinge, Wayback Machine, web application, Whole Earth Catalog, Y2K
Totic and Montulli joined OSAF as volunteers around the same time that Kapor began to hire for other jobs, filling out the organization’s roster as it moved into the spotlight. The team was heavy with Apple alumni, who perhaps found in Kapor’s vision an echo of Steve Jobs’s change-the-world fervor. Taking on the job of Chandler’s product manager was Chi-Chao Lam, a veteran but still boyish Silicon Valley entrepreneur who had worked at Kaleida Labs, the ill-fated mid-1990s joint venture between IBM and Apple, then founded a pioneering Web-based advertising network. Pieter Hartsook, a longtime Macintosh trade journalist and industry analyst, signed on to handle OSAF’s marketing and PR.
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Mitch Kapor had always figured that the organization would depend on both paid employees and altruistic volunteers, and in Andy Hertzfeld it already had one high-profile example of the latter. The flurry of OSAF news coverage that followed Gillmor’s column filled Kapor’s inbox with encouragement and offers of help. Steve Jobs called Kapor—it was the two men’s first conversation in a decade—inviting the OSAF team down to Apple to talk about how they might collaborate. Kapor took special note when Lou Montulli’s name turned up in the signature of an email to OSAF’s just-opened “dev” mailing list—a message suggesting that OSAF look again at Mozilla’s toolkit for building its user interface.
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With Denman preparing for a paternity leave, OSAF brought in Bryan Stearns, an experienced programmer who had worked with Denman two decades before on the original Macintosh team, and Stearns took over the detail view. Alec Flett, a longtime Netscape developer who had taken some time off programming to work as a school-teacher, and Grant Baillie, a veteran of Steve Jobs’s Next who most recently had worked at Apple on its email program, joined in January. The new faces represented reinforcements for the long haul, but in the short term they each had to take some time to figure Chandler out. Brooks’s Law had not been repealed. Chandler was now 1.5 million lines of code, most of which had been incorporated from other projects like wxWidgets and Twisted.
Platform Revolution: How Networked Markets Are Transforming the Economy--And How to Make Them Work for You by Sangeet Paul Choudary, Marshall W. van Alstyne, Geoffrey G. Parker
3D printing, Affordable Care Act / Obamacare, Airbnb, Alvin Roth, Amazon Mechanical Turk, Amazon Web Services, Andrei Shleifer, Apple's 1984 Super Bowl advert, autonomous vehicles, barriers to entry, Benchmark Capital, big data - Walmart - Pop Tarts, bitcoin, blockchain, business cycle, business logic, business process, buy low sell high, chief data officer, Chuck Templeton: OpenTable:, clean water, cloud computing, connected car, corporate governance, crowdsourcing, data acquisition, data is the new oil, data science, digital map, discounted cash flows, disintermediation, driverless car, Edward Glaeser, Elon Musk, en.wikipedia.org, Erik Brynjolfsson, financial innovation, Free Software Foundation, gigafactory, growth hacking, Haber-Bosch Process, High speed trading, independent contractor, information asymmetry, Internet of things, inventory management, invisible hand, Jean Tirole, Jeff Bezos, jimmy wales, John Markoff, Kevin Roose, Khan Academy, Kickstarter, Lean Startup, Lyft, Marc Andreessen, market design, Max Levchin, Metcalfe’s law, multi-sided market, Network effects, new economy, PalmPilot, payday loans, peer-to-peer lending, Peter Thiel, pets.com, pre–internet, price mechanism, recommendation engine, RFID, Richard Stallman, ride hailing / ride sharing, Robert Metcalfe, Ronald Coase, Salesforce, Satoshi Nakamoto, search costs, self-driving car, shareholder value, sharing economy, side project, Silicon Valley, Skype, smart contracts, smart grid, Snapchat, social bookmarking, social contagion, software is eating the world, Steve Jobs, TaskRabbit, The Chicago School, the long tail, the payments system, Tim Cook: Apple, transaction costs, Travis Kalanick, two-sided market, Uber and Lyft, Uber for X, uber lyft, vertical integration, winner-take-all economy, zero-sum game, Zipcar
Adobe Flash Player is a browser app that delivers Internet content to users, including audio/video playback and real-time game play. Flash could have been used by app developers on Apple’s iPhone operating system—but Apple prevented this by making its iOS incompatible with Flash and insisting that developers use similar tools created by Apple itself. Developers and users responded with dismay, and some observers called the policy an anti-competitive gambit that might be subject to governmental sanction under antitrust regulations. The furor grew so heated that, in 2010, Apple’s Steve Jobs felt compelled to defend the policy in an open letter—a highly unusual step for a CEO to take.
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Ironically, while Microsoft stopped retail sales of XP in 2008 and of Vista in 2010, XP’s market share in 2015 was above 12 percent, while that of Vista was below 2 percent.10 By contrast, when Steve Jobs returned to the leadership of Apple in 1997 after his years developing the ambitious but unsuccessful NeXT computer, he made a crucial decision that honored the end-to-end principle and helped lead to Apple’s subsequent success. At NeXT, Jobs and his team had developed an elegant new operating system with a clean, layered architecture and a beautiful graphical interface. Now, planning a successor to Apple’s Mac OS 9 operating system, Jobs faced a hard choice: he could merge the NeXT and Mac OS 9 software code, thereby producing an operating system that would be compatible with both systems, or he could jettison Mac OS 9 in favor of NeXT’s clean architecture.
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Inevitably, the market came crashing down. Beginning in March 2000, trillions of dollars’ worth of paper valuations vanished in a matter of months. Yet amid the rubble, certain companies survived. While Webvan and Pets.com disappeared, Amazon and eBay survived and thrived. Steve Jobs, who had lost Apple to mistakes he made earlier, recovered, returned to Apple, and built it into a juggernaut. Eventually, the online world emerged from the depths of the 2000 downturn to become stronger than ever. Why were some Internet-based businesses successful while others were not? Were the differences a matter of random luck, or were deeper design principles at work?
Digital Minimalism: Choosing a Focused Life in a Noisy World by Cal Newport
Black Lives Matter, Burning Man, Cal Newport, data science, Donald Trump, Dunbar number, financial independence, game design, Hacker News, index fund, Jaron Lanier, Kevin Kelly, Kickstarter, lifelogging, longitudinal study, Mark Zuckerberg, Mr. Money Mustache, Pepto Bismol, pre–internet, price discrimination, race to the bottom, ride hailing / ride sharing, Silicon Valley, Skype, Snapchat, Steve Jobs, TED Talk
“It was interesting,” Julie summarized, “but it certainly didn’t seem like this was something on which we would spend any real amount of time.” Three years later, Apple released the iPhone, sparking the mobile revolution. What many forget, however, was that the original “revolution” promised by this device was also much more modest than the impact it eventually created. In our current moment, smartphones have reshaped people’s experience of the world by providing an always-present connection to a humming matrix of chatter and distraction. In January 2007, when Steve Jobs revealed the iPhone during his famous Macworld keynote, the vision was much less grandiose. One of the major selling points of the original iPhone was that it integrated your iPod with your cell phone, preventing you from having to carry around two separate devices in your pockets.
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As Grignon then explained to me, Steve Jobs was initially dismissive of the idea that the iPhone would become more of a general-purpose mobile computer running a variety of different third-party applications. “The second we allow some knucklehead programmer to write some code that crashes it,” Jobs once told Grignon, “that will be when they want to call 911.” When the iPhone first shipped in 2007, there was no App Store, no social media notifications, no quick snapping of photos to Instagram, no reason to surreptitiously glance down a dozen times during a dinner—and this was absolutely fine with Steve Jobs, and the millions who bought their first smartphone during this period.
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Gregory Hays (New York: Modern Library, 2003), 18. “The mass of men lead lives”: Thoreau, Walden, 4. They honestly think: Thoreau, Walden, 5. CHAPTER 1: A LOPSIDED ARMS RACE “It’s the best iPod we’ve ever made!”: “Steve Jobs iPhone 2007 Presentation (HD),” YouTube video, 51:18, recorded January 9, 2007, posted by Jonathan Turetta, May 13, 2013, https://www.youtube.com/watch?v=vN4U5FqrOdQ. “The killer app is making calls”: “Steve Jobs iPhone 2007.” “This was supposed to be an iPod”: Andy Grignon, phone interview by the author, September 7, 2017. “a moment can feel”: Laurence Scott, The Four-Dimensional Human: Ways of Being in the Digital World (New York: W.
The Obstacle Is the Way: The Timeless Art of Turning Trials Into Triumph by Ryan Holiday
British Empire, collective bargaining, Deng Xiaoping, fear of failure, Lean Startup, minimum viable product, Nelson Mandela, reality distortion field, Silicon Valley, Silicon Valley startup, Steve Jobs
To him, when you factored in vision and work ethic, much of life was malleable. For instance, in the design stages for a new mouse for an early Apple product, Jobs had high expectations. He wanted it to move fluidly in any direction—a new development for any mouse at that time—but a lead engineer was told by one of his designers that this would be commercially impossible. What Jobs wanted wasn’t realistic and wouldn’t work. The next day, the lead engineer arrived at work to find that Steve Jobs had fired the employee who’d said that. When the replacement came in, his first words were: “I can build the mouse.” This was Jobs’s view of reality at work.
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Because you’re never going to find that kind of perfection. Instead, do the best with what you’ve got. Not that pragmatism is inherently at odds with idealism or pushing the ball forward. The first iPhone was revolutionary, but it still shipped without a copy-and-paste feature or a handful of other features Apple would have liked to have included. Steve Jobs, the supposed perfectionist, knew that at some point, you have to compromise. What mattered was that you got it done and it worked. Start thinking like a radical pragmatist: still ambitious, aggressive, and rooted in ideals, but also imminently practical and guided by the possible.
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—JAMES ALTUCHER, investor and author of Choose Yourself “If there’s such a thing as a cargo-pocket handbook for Jedi knights, this is it. Ryan Holiday’s The Obstacle is the Way decants in concentrated form the timeless techniques for self-mastery as employed to world-conquering effect by philosophers and men of action from Alexander the Great to Marcus Aurelius to Steve Jobs. Follow these precepts and you will revolutionize your life. As Mr. Holiday writes, ‘It’s simple, it’s just not easy.’ Read this book!” —STEVEN PRESSFIELD, author of The War of Art and Gates of Fire “Beautifully crafted. Anyone who wants to be better should read this.” —KAMAL RAVIKANT author of Love Yourself Like Your Life Depends On It and Live Your Truth “Inspired by Marcus Aurelius and concepts of Stoicism, Ryan Holiday has written a brilliant and engaging book, well beyond his years, teaching us how to deal with life’s adversities and to turn negatives into positives.
Lab Rats: How Silicon Valley Made Work Miserable for the Rest of Us by Dan Lyons
"Friedman doctrine" OR "shareholder theory", "Susan Fowler" uber, "World Economic Forum" Davos, Airbnb, Amazon Robotics, Amazon Web Services, antiwork, Apple II, augmented reality, autonomous vehicles, basic income, Big Tech, bitcoin, blockchain, Blue Ocean Strategy, business process, call centre, Cambridge Analytica, Clayton Christensen, clean water, collective bargaining, corporate governance, corporate social responsibility, creative destruction, cryptocurrency, data science, David Heinemeier Hansson, digital rights, Donald Trump, Elon Musk, Ethereum, ethereum blockchain, fake news, full employment, future of work, gig economy, Gordon Gekko, greed is good, Hacker News, hiring and firing, holacracy, housing crisis, impact investing, income inequality, informal economy, initial coin offering, Jeff Bezos, job automation, job satisfaction, job-hopping, John Gruber, John Perry Barlow, Joseph Schumpeter, junk bonds, Kanban, Kevin Kelly, knowledge worker, Larry Ellison, Lean Startup, loose coupling, Lyft, Marc Andreessen, Mark Zuckerberg, McMansion, Menlo Park, Milgram experiment, minimum viable product, Mitch Kapor, move fast and break things, new economy, Panopticon Jeremy Bentham, Parker Conrad, Paul Graham, paypal mafia, Peter Thiel, plutocrats, precariat, prosperity theology / prosperity gospel / gospel of success, public intellectual, RAND corporation, remote working, RFID, ride hailing / ride sharing, Ronald Reagan, Rubik’s Cube, Ruby on Rails, Sam Altman, San Francisco homelessness, Sand Hill Road, scientific management, self-driving car, shareholder value, Sheryl Sandberg, Silicon Valley, Silicon Valley startup, six sigma, Skinner box, Skype, Social Responsibility of Business Is to Increase Its Profits, SoftBank, software is eating the world, Stanford prison experiment, stem cell, Steve Jobs, Steve Wozniak, Stewart Brand, stock buybacks, super pumped, TaskRabbit, tech bro, tech worker, TechCrunch disrupt, TED Talk, telemarketer, Tesla Model S, Thomas Davenport, Tony Hsieh, Toyota Production System, traveling salesman, Travis Kalanick, tulip mania, Uber and Lyft, Uber for X, uber lyft, universal basic income, web application, WeWork, Whole Earth Catalog, work culture , workplace surveillance , Y Combinator, young professional, Zenefits
“They tell us we’re cute, we have a cute little lifestyle business,” Fried says. “Our employees have longer tenure with the company. Our people are happier. They spend time with their families. They get to enjoy the summer months. People tell me, ‘Steve Jobs could not have made Apple if he took Fridays off.’ Well, I’m not trying to make Apple. And I don’t care what Steve Jobs did.” In 2017, Fried and Hansson got into a prolonged Twitter debate with Keith Rabois, a well-known venture capitalist and minor Silicon Valley oligarch who insists workaholism is the only way to be successful. (To refresh your memory, Rabois is the guy who got in trouble at Stanford for shouting homophobic slurs.
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“Power to the people” was the slogan of 1960s, and it was also the motto of the people who led the personal computer revolution in the 1970s. Instead of sharing a mainframe, which was controlled by Big Brother, everyone could have their own computer. This was an incredibly radical idea, with huge implications for society. Wozniak and his Apple co-founder Steve Jobs were long-haired hippie-hackers who built their first personal computers as members of the Homebrew Computer Club, a pack of amateur kit-computer hobbyists. Wozniak was steeped in the people-first “HP Way.” Jobs was an LSD-taking, commune-dwelling hippie who often went barefoot and who was influenced by Stewart Brand, a proponent of psychedelic drugs who hung out with Ken Kesey and the Merry Pranksters.
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Previously, the kings of tech were the wizards who invented new products and built companies, like Hewlett and Packard, or Bill Gates at Microsoft, and Jobs and Wozniak at Apple. But now the power brokers include venture capitalists—like Marc Andreessen of Andreessen Horowitz, Peter Thiel of Clarium Capital and Founders Fund, and Reid Hoffman of Greylock Ventures. They don’t actually run tech companies. They’re just investors. Nevertheless, their profession is depicted as glamorous, and they rank among the biggest celebrities in Silicon Valley. Wired once lionized Andreessen on its cover, calling him “The Man Who Makes the Future.” Young guys moving west after college no longer hope to become the next Steve Jobs; they want to be the next Marc Andreessen.
Irresistible: The Rise of Addictive Technology and the Business of Keeping Us Hooked by Adam L. Alter
"World Economic Forum" Davos, Alexey Pajitnov wrote Tetris, augmented reality, barriers to entry, Bluma Zeigarnik, call centre, Cass Sunstein, cognitive dissonance, Daniel Kahneman / Amos Tversky, David Sedaris, death from overwork, drug harm reduction, easy for humans, difficult for computers, en.wikipedia.org, experimental subject, game design, gamification, Google Glasses, Great Leap Forward, Ian Bogost, IKEA effect, Inbox Zero, karōshi / gwarosa / guolaosi, Kickstarter, language acquisition, loss aversion, Mark Zuckerberg, Menlo Park, mental accounting, meta-analysis, Oculus Rift, Richard Thaler, Robert Durst, side project, Skype, Snapchat, Steve Jobs, telemarketer, three-martini lunch
NOTES PROLOGUE: NEVER GET HIGH OR YOUR OWN SUPPLY At an Apple event: John D. Sutter and Doug Gross, “Apple Unveils the ‘Magical’ iPad,” CNN, January 28, 2010, www.cnn.com/2010/TECH/01/27/apple.tablet/. Video of the event: EverySteveJobsVideo, “Steve Jobs Introduces Original iPad—Apple Special Event,” December 30, 2013, www.youtube.com/watch?v=_KN-5zmvjAo. In late 2010, Jobs: This section of views from tech experts comes from: Nick Bilton, “Steve Jobs Was a Low-Tech Parent,” New York Times, September 11, 2014, www.nytimes.com/2014/09/11/fashion/steve-jobs-apple-was-a-low-tech-parent.html. Many experts both: These snippets come from interviews with, among others, game designers Bennett Foddy and Frank Lantz, exercise addiction experts Leslie Sim and Katherine Schreiber, and reSTART Internet addiction clinic founder Cosette Rae.
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Social Interaction PART 3 THE FUTURE OF BEHAVIORAL ADDICTION (AND SOME SOLUTIONS) 10. Nipping Addictions at Birth 11. Habits and Architecture 12. Gamification Epilogue Acknowledgments Notes Index Prologue: Never Get High on Your Own Supply At an Apple event in January 2010, Steve Jobs unveiled the iPad: What this device does is extraordinary . . . It offers the best way to browse the web; way better than a laptop and way better than a smartphone . . . It’s an incredible experience . . . It’s phenomenal for mail; it’s a dream to type on. For ninety minutes, Jobs explained why the iPad was the best way to look at photos, listen to music, take classes on iTunes U, browse Facebook, play games, and navigate thousands of apps.
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Evan Williams, a founder of Blogger, Twitter, and Medium, bought hundreds of books for his two young sons, but refused to give them an iPad. And Lesley Gold, the founder of an analytics company, imposed a strict no-screen-time-during-the-week rule on her kids. She softened her stance only when they needed computers for schoolwork. Walter Isaacson, who ate dinner with the Jobs family while researching his biography of Steve Jobs, told Bilton that, “No one ever pulled out an iPad or computer. The kids did not seem addicted at all to devices.” It seemed as if the people producing tech products were following the cardinal rule of drug dealing: never get high on your own supply. This is unsettling. Why are the world’s greatest public technocrats also its greatest private technophobes?
Empire of the Sum: The Rise and Reign of the Pocket Calculator by Keith Houston
Ada Lovelace, Alan Turing: On Computable Numbers, with an Application to the Entscheidungsproblem, Andy Kessler, Apollo 11, Apollo 13, Apple II, Bletchley Park, Boris Johnson, Charles Babbage, classic study, clockwork universe, computer age, Computing Machinery and Intelligence, double entry bookkeeping, Edmond Halley, Fairchild Semiconductor, Fellow of the Royal Society, Grace Hopper, human-factors engineering, invention of movable type, invention of the telephone, Isaac Newton, Johann Wolfgang von Goethe, Johannes Kepler, John Markoff, John von Neumann, Jony Ive, Kickstarter, machine readable, Masayoshi Son, Menlo Park, meta-analysis, military-industrial complex, Mitch Kapor, Neil Armstrong, off-by-one error, On the Revolutions of the Heavenly Spheres, orbital mechanics / astrodynamics, pattern recognition, popular electronics, QWERTY keyboard, Ralph Waldo Emerson, Robert X Cringely, side project, Silicon Valley, skunkworks, SoftBank, Steve Jobs, Steve Wozniak, The Home Computer Revolution, the payments system, Turing machine, Turing test, V2 rocket, William Shockley: the traitorous eight, Works Progress Administration, Yom Kippur War
He showed Bricklin and Frankston what he considered to be the front runners: a Commodore PET, a Radio Shack TRS-80, and an Apple II. The last of these Fylstra had bought directly from Steve Jobs, one of Apple’s founding partners, and quite aside from the machine’s technical merits, he was convinced that Apple was destined for greater things. Accordingly, Bricklin borrowed Fylstra’s square, beige Apple II and set to work on a new prototype.22 It was on that Apple II that Bricklin’s electronic spreadsheet came to life—and where his wildest ideas went to die. Out went the heads-up display and in came the Apple’s monochrome monitor. Out went the mouse and in came the Apple’s “game paddle,” a kind of primitive joystick for playing games like Pong.
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Its disappearance as an artifact worthy of note has been so complete that it is difficult to say with any certainty, but the sheer pace of technological change may well have had something to do with it. During the 1970s, electronics, computing, and software were evolving so rapidly that the calculator was caught up in a jumble of cause and effect. For a flavor of that foment, consider that Apple’s co-founders, Steve Wozniak and Steve Jobs, met at HP during that company’s push into calculators. The Steves’ early microcomputers, the Apple and Apple II, helped spark the home-computer revolution, which in turn gave Dan Bricklin the opportunity to perfect the first computerized spreadsheet. Mitch Kapor, who had worked for Bricklin’s publisher, stole the spreadsheet crown with his own program, Lotus 1-2-3, and with it gave the IBM PC one of its first killer apps.
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Then, in 1959, Fairchild’s Robert Noyce combined two breakthroughs—an improvement in chip fabrication pioneered by his colleague Jean Hoerni, and his own novel process* for depositing electrical circuits directly onto silicon chips—to transform the integrated chip from a hand-soldered curiosity to a mass-produced commodity.6 The Japanese semiconductor industry leaned heavily on Noyce’s “planar” technique, and Sasaki’s own rise at Sharp owed much to his licensing of it.7 “Rocket” Sasaki was a formidable figure in his own right.8 He had persuaded Rockwell, an American semiconductor firm, to gamble on a new type of low-power, high-density microchip and had negotiated an exclusive contract to buy Rockwell’s production of such chips.9 These metal-oxide semiconductor large-scale integrated chips—MOS LSI, for short—powered Sharp’s handheld QT-8D and QT-8B calculators and helped make them persuasive alternatives to Canon’s Pocketronic.10 Sasaki would go on to become a doyen of Japan’s electronics industry, with both Apple’s Steve Jobs and Masayoshi Son of Japan’s giant SoftBank conglomerate happy to call him a mentor.11 For now, though, Sasaki had bad news for his guests. Sharp’s deal with Rockwell forbade the Japanese company from buying chips from anyone else, even the one and only Robert Noyce.12 But perhaps Sasaki could help in another way.
Obliquity: Why Our Goals Are Best Achieved Indirectly by John Kay
Andrew Wiles, Asian financial crisis, Bear Stearns, behavioural economics, Berlin Wall, Boeing 747, bonus culture, British Empire, business process, Cass Sunstein, computer age, corporate raider, credit crunch, Daniel Kahneman / Amos Tversky, discounted cash flows, discovery of penicillin, diversification, Donald Trump, Fall of the Berlin Wall, financial innovation, Goodhart's law, Gordon Gekko, greed is good, invention of the telephone, invisible hand, Jane Jacobs, junk bonds, lateral thinking, Long Term Capital Management, long term incentive plan, Louis Pasteur, market fundamentalism, Myron Scholes, Nash equilibrium, pattern recognition, Paul Samuelson, purchasing power parity, RAND corporation, regulatory arbitrage, shareholder value, Simon Singh, Steve Jobs, Suez canal 1869, tacit knowledge, Thales of Miletus, The Death and Life of Great American Cities, The Predators' Ball, The Wealth of Nations by Adam Smith, ultimatum game, urban planning, value at risk
But they were wrong. The Soviet Union collapsed, the Pruitt-Igoe project was demolished and the people who transformed the business world were not the men who employed armies of reengineering consultants. The people who did transform the business world were those, like Google’s Sergey Brin and Apple’s Steve Jobs, who adopted a more oblique approach to business transformation. They chose to invent new businesses rather than reengineer old ones, they adapted and improvised endlessly and they carried employees and customers along with them on a wave of enthusiasm. Direct approaches make a distinction between means and ends that often does not exist in reality.
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The attempt to define the quality of artistic endeavor by predetermined rules had the effect—and the intention—of freezing creative innovation. In consequence, little work of enduring merit emerged.14 What is true of art is also true of other areas of human endeavor. What made Henry Ford or Walt Disney or Steve Jobs great businessmen was that they modified the rules by which their success, and the success of others in their industry, were measured. They changed our appreciation of what is good and bad in personal transport, in children’s entertainment, and in computing. They sold us products we had not imagined.
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No one will be buried with the epitaph “He maximized shareholder value,” not just because the objective is an unworthy intermediate goal rather than a high-level objective but because, even with hindsight, no one can tell whether the goal of maximum shareholder value was achieved. If shareholder value was indeed maximized at ICI or Boeing, it was maximized obliquely. The epitaph on men such as Henry Ford, or Bill Allen, or Walt Disney, or Steve Jobs reads instead: “He built a great business, which made money for shareholders, gave rewarding employment and stimulated the development of suppliers and distributors by meeting customers’ needs that they had not known they had before these men developed products to satisfy them.” Approaching high-level objectives in an oblique manner, they achieved many supporting goals.
The Decline and Fall of IBM: End of an American Icon? by Robert X. Cringely
AltaVista, Bernie Madoff, business cycle, business process, Carl Icahn, cloud computing, commoditize, compound rate of return, corporate raider, financial engineering, full employment, Great Leap Forward, if you build it, they will come, immigration reform, interchangeable parts, invention of the telephone, Khan Academy, knowledge worker, low skilled workers, managed futures, Paul Graham, platform as a service, race to the bottom, remote working, Robert Metcalfe, Robert X Cringely, shareholder value, Silicon Valley, six sigma, software as a service, Steve Jobs, stock buybacks, tech worker, TED Talk, Toyota Production System, Watson beat the top human players on Jeopardy!, web application, work culture
They just forgot about the content.” Steve Jobs had this exactly right when he said this in 1995, just two years after Gerstner came aboard to save IBM. The IPod and ITunes marked a Apple’s business started by people throughout Apple asking questions like “Why?” Apple was selling lots of iMac’s with CD burners. Why? People were ripping a lot of music. They were creating mixes of music, burning them on CDs for their personal CD players. Back in the 1990s portable music players were modestly popular items (especially the SONY Walkman) but they didn’t work very well. By asking a lot of questions Apple came up with the idea of the IPod and ITunes, a success that altered forever three industries—music, consumer electronics, and computers.
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Why IBM Can’t Change: What is IBM’s current answer to the question “Why?”? They don’t have an answer. They haven’t had one for decades. What would Steve Jobs say about IBM? Steve was hardly an ideal boss himself, but there’s no denying he knew how to effect corporate change in a way that kept Apple ahead of market trends and grew the company’s market cap by more than 500 times (50,000 percent!) during his tenure as CEO. I spoke with Steve about IBM in my film Steve Jobs: The Lost Interview and he put it in a very useful context for this chapter: “If you were a product person at IBM or Xerox—so you make a better copier or a better computer, so what?
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It gets people to talk. It gets them to share ideas. It leads to brainstorming. When the collective intelligence of the employees of a company is focused on a problem or an idea, powerful things can happen. This has not happened in IBM for years. In the years that followed my video interview with Steve Jobs in 1995, IBM’s Global Services division became the cash engine of the corporation. But when other companies got into the IT outsourcing business IBM began to face serious competition. For a few years IBM resisted change, and tried to sell the IBM name and reputation. In a competitive market PRICE SELLS.
The Vanishing Neighbor: The Transformation of American Community by Marc J. Dunkelman
Abraham Maslow, adjacent possible, Affordable Care Act / Obamacare, Albert Einstein, assortative mating, Berlin Wall, big-box store, blue-collar work, Bretton Woods, Broken windows theory, business cycle, call centre, clean water, company town, cuban missile crisis, dark matter, David Brooks, delayed gratification, different worldview, double helix, Downton Abbey, Dunbar number, Edward Jenner, Fall of the Berlin Wall, Filter Bubble, Francis Fukuyama: the end of history, gentrification, George Santayana, Gini coefficient, glass ceiling, global supply chain, global village, helicopter parent, if you build it, they will come, impulse control, income inequality, invention of movable type, Jane Jacobs, Khyber Pass, Lewis Mumford, Louis Pasteur, Marshall McLuhan, McMansion, Nate Silver, obamacare, Occupy movement, off-the-grid, Peter Thiel, post-industrial society, Richard Florida, rolodex, Saturday Night Live, Silicon Valley, Skype, social intelligence, Stanford marshmallow experiment, Steve Jobs, TED Talk, telemarketer, The Chicago School, The Death and Life of Great American Cities, the medium is the message, the strength of weak ties, Tyler Cowen, Tyler Cowen: Great Stagnation, urban decay, urban planning, Walter Mischel, War on Poverty, women in the workforce, World Values Survey, zero-sum game
When we think about the economy, for example, we’re conventionally plied with statistics—potential demographic shifts or changing interest rates—that invariably affect the business cycle. Alternatively, we seek out individual stories—how Steve Jobs managed to lead Apple to the top of the tech heap, for example—and ask how they apply to the broader economy. From these two strategies, we try to develop a more comprehensive understanding of how the economy works. And in some cases that strategy works. But without a sense of what’s happening in the middle, we’re often left without the whole picture. Was Apple’s success the result of Jobs’s legendary understanding of consumer desires or of the fact that Apple’s engineers and marketing departments were so thoroughly integrated into the design process?
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Man’s knowledge of the changes of the tides and the phases of the moon is as old as his observation that apples fall to earth in the ripeness of time. Yet the combination of these and other equally familiar data in Newton’s theory of gravity changed mankind’s outlook on the world.6 The same process applies to the great inventions of the last few years—even though we may be inclined to give credit to the apparent genius of one person. The iPhone didn’t emerge sui generis out of Steve Jobs’s head. No team at Apple could have invented such a device in 1975, if only because the constituent ideas that merged to place a graphically integrated handheld device into the adjacent possible hadn’t yet been invented.
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Americans now celebrate, more than nearly anything else, an individual’s capacity to resist the pressure to put on airs. You might be poor or lonely; you may have lost your job or your marriage. But what’s important is that you not lose yourself. That’s reflected in the personalities who have become our role models: Steve Jobs for steering Apple in its own direction; Paul Farmer for taking the road less traveled in Haiti; Aung San Suu Kyi for standing up to dictators in Burma. Our heroes remain steadfast in what they believe despite overwhelming pressure to change or back down. That’s why the struggle to “be yourself” resonates with television audiences.
The Future Is Faster Than You Think: How Converging Technologies Are Transforming Business, Industries, and Our Lives by Peter H. Diamandis, Steven Kotler
Ada Lovelace, additive manufacturing, Airbnb, Albert Einstein, AlphaGo, Amazon Mechanical Turk, Amazon Robotics, augmented reality, autonomous vehicles, barriers to entry, Big Tech, biodiversity loss, bitcoin, blockchain, blood diamond, Boston Dynamics, Burning Man, call centre, cashless society, Charles Babbage, Charles Lindbergh, Clayton Christensen, clean water, cloud computing, Colonization of Mars, computer vision, creative destruction, CRISPR, crowdsourcing, cryptocurrency, data science, Dean Kamen, deep learning, deepfake, DeepMind, delayed gratification, dematerialisation, digital twin, disruptive innovation, Donald Shoup, driverless car, Easter island, Edward Glaeser, Edward Lloyd's coffeehouse, Elon Musk, en.wikipedia.org, epigenetics, Erik Brynjolfsson, Ethereum, ethereum blockchain, experimental economics, fake news, food miles, Ford Model T, fulfillment center, game design, Geoffrey West, Santa Fe Institute, gig economy, gigafactory, Google X / Alphabet X, gravity well, hive mind, housing crisis, Hyperloop, impact investing, indoor plumbing, industrial robot, informal economy, initial coin offering, intentional community, Intergovernmental Panel on Climate Change (IPCC), Internet of things, invention of the telegraph, Isaac Newton, Jaron Lanier, Jeff Bezos, job automation, Joseph Schumpeter, Kevin Kelly, Kickstarter, Kiva Systems, late fees, Law of Accelerating Returns, life extension, lifelogging, loss aversion, Lyft, M-Pesa, Mary Lou Jepsen, Masayoshi Son, mass immigration, megacity, meta-analysis, microbiome, microdosing, mobile money, multiplanetary species, Narrative Science, natural language processing, Neal Stephenson, Neil Armstrong, Network effects, new economy, New Urbanism, Nick Bostrom, Oculus Rift, One Laptop per Child (OLPC), out of africa, packet switching, peer-to-peer lending, Peter H. Diamandis: Planetary Resources, Peter Thiel, planned obsolescence, QR code, RAND corporation, Ray Kurzweil, RFID, Richard Feynman, Richard Florida, ride hailing / ride sharing, risk tolerance, robo advisor, Satoshi Nakamoto, Second Machine Age, self-driving car, Sidewalk Labs, Silicon Valley, Skype, smart cities, smart contracts, smart grid, Snapchat, SoftBank, sovereign wealth fund, special economic zone, stealth mode startup, stem cell, Stephen Hawking, Steve Jobs, Steve Jurvetson, Steven Pinker, Stewart Brand, supercomputer in your pocket, supply-chain management, tech billionaire, technoutopianism, TED Talk, Tesla Model S, Tim Cook: Apple, transaction costs, Uber and Lyft, uber lyft, unbanked and underbanked, underbanked, urban planning, Vision Fund, VTOL, warehouse robotics, Watson beat the top human players on Jeopardy!, We wanted flying cars, instead we got 140 characters, X Prize
Force #1: Saved Time In “The Original Macintosh,” a collection of online anecdotes about the creation of that fabled machine, Apple computer scientist Andy Hertzfeld recounted a typical Steve Jobs story. It’s typical, because, in this story, like in so many others, Jobs was frustrated. The issue was speed. The first Mac was supposed to be a very fast computer. And it was, at least on paper. Built around Motorola’s 68000 microprocessor, the system was actually ten times faster than the Apple II. But it had limited RAM, making it necessary to upload extra info via floppy discs. And this was especially true during startup—which would occasionally drag on for minutes.
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Because of the convergence of high bandwidth 5G connections, augmented reality eyewear, our emerging trillion-sensors economy, and, to stitch it all together, powerful AI, we have gained the ability to superimpose digital information atop physical environments—freeing advertising from the tyranny of the screen. Imagine stepping into a future Apple Store. When you approach the iPhone display, a full-sized AR avatar of Steve Jobs materializes. He wants to give you a tour of the product’s latest features. Avatar Jobs is a little too much, so with nothing more than a voice command, he’s replaced with floating text—and a list of phone features hovers in the air in front of you. After you’ve made your selection, eschewing the iPhone for a new pair of AR iGlasses, another voice command is all it takes to execute a smart contract.
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Musk delivered this promise at the end of an hour-long keynote to five thousand aerospace executives and government officials. The presentation was primarily an update about SpaceX’s megarocket, Starship, which was designed to take humans to Mars. The fact that Musk now wanted to use his interplanetary starship for terrestrial passenger delivery was the transportation industry equivalent of Steve Jobs’s famous line that (almost) ended his demos: “Wait, wait… There’s one more thing.” The Starship travels at 17,500 mph. It’s an order of magnitude faster than the Concorde. Think about what this actually means: New York to Shanghai in thirty-nine minutes. London to Dubai in twenty-nine minutes.
Tech Titans of China: How China's Tech Sector Is Challenging the World by Innovating Faster, Working Harder, and Going Global by Rebecca Fannin
"World Economic Forum" Davos, Adam Neumann (WeWork), Airbnb, augmented reality, autonomous vehicles, Benchmark Capital, Big Tech, bike sharing, blockchain, call centre, cashless society, Chuck Templeton: OpenTable:, clean tech, cloud computing, computer vision, connected car, corporate governance, cryptocurrency, data is the new oil, data science, deep learning, Deng Xiaoping, Didi Chuxing, digital map, disruptive innovation, Donald Trump, El Camino Real, electricity market, Elon Musk, fake news, family office, fear of failure, fulfillment center, glass ceiling, global supply chain, Great Leap Forward, income inequality, industrial robot, information security, Internet of things, invention of movable type, Jeff Bezos, Kickstarter, knowledge worker, Lyft, Mark Zuckerberg, Mary Meeker, megacity, Menlo Park, money market fund, Network effects, new economy, peer-to-peer lending, personalized medicine, Peter Thiel, QR code, RFID, ride hailing / ride sharing, Sand Hill Road, self-driving car, sharing economy, Shenzhen was a fishing village, Silicon Valley, Silicon Valley startup, Skype, smart cities, smart transportation, Snapchat, social graph, SoftBank, software as a service, South China Sea, sovereign wealth fund, speech recognition, stealth mode startup, Steve Jobs, stock buybacks, supply-chain management, tech billionaire, TechCrunch disrupt, TikTok, Tim Cook: Apple, Travis Kalanick, Uber and Lyft, Uber for X, uber lyft, urban planning, Vision Fund, warehouse automation, WeWork, winner-take-all economy, Y Combinator, young professional
Soon, DJI will be moving to a new headquarters that reflects the ambitions of its founder, Frank Wang, a press-shy product genius who was inspired by Steve Jobs’ dictum: design the product first and see how the market responds. DJI’s new flashy home in Shenzhen is a futuristic twin skyscraper designed by Foster & Partners, the same architect as for Apple’s orbit-like base in Cupertino. The plush building features cantilevered floors, a sky bridge where drones will be tested, and even a robot-fighting ring. The Apple of Drones DJI has positioned itself as the Apple of drones. Rumors have popped up that Apple would buy DJI as the iPhone maker mulls an entry into the drone market.
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CHAPTER 3 ________________ GAINING FAST: CHINA’S NEXT TECH TITANS The next group of up-and-comers is right behind China’s BAT and leading the future for smartphones that rival Apple, internet-connected smart homes, superapps for speedy on-demand takeout lunches, plus 15-second video thrills and AI-fed news. XIAOMI: The Apple of the East Chinese tech entrepreneur Lei Jun is sometimes called the Steve Jobs of Apple. An entrepreneur celebrity in China much as Jobs was in Silicon Valley, he launched China’s smartphone maker Xiaomi in the spirit of Jobs and copied his products and style down to blue jeans and black T-shirt attire and stage presentations for new iPhones and iPads, even once teasing an introduction with the adopted line “Just one more thing.”
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But in the span of little more than a decade since I wrote Silicon Dragon,1 which was the first chronicle of China’s emerging Silicon Valley, the world’s second-largest economy and its expanding tech empire can no longer be underestimated. Today, young people in China looking for role models think of Robin Li, Jack Ma, and Pony Ma (founders of Baidu, Alibaba, and Tencent, respectively) more than they do Amazon’s Jeff Bezos, Facebook’s Mark Zuckerberg, or Steve Jobs of Apple. High-tech China is inventing the next new thing at a rapid clip in frontier technologies: artificial intelligence, biotech, green energy, robotics, and superfast mobile communications. China also is angling to get ahead in fifth-generation wireless standards, which is being compared in impact to the invention of the Gutenberg printing press.2 Large sweeps of the Chinese economy—transportation, commerce, finance, health care, entertainment, and communications—are being reimagined and reshaped by China’s assertive effort to forge ahead by leveraging technology.
How Music Got Free: The End of an Industry, the Turn of the Century, and the Patient Zero of Piracy by Stephen Witt
4chan, Alan Greenspan, AOL-Time Warner, autism spectrum disorder, barriers to entry, Berlin Wall, big-box store, cloud computing, collaborative economy, company town, crowdsourcing, Eben Moglen, game design, hype cycle, Internet Archive, invention of movable type, inventory management, iterative process, Jason Scott: textfiles.com, job automation, late fees, mental accounting, moral panic, operational security, packet switching, pattern recognition, peer-to-peer, pirate software, reality distortion field, Ronald Reagan, security theater, sharing economy, side project, Silicon Valley, software patent, Stephen Fry, Steve Jobs, Tipper Gore, zero day
Although the group behind Ogg denied infringing on Brandenburg’s patents, with a few careful words Fraunhofer made their feelings known to the device manufacturers, and the format sunk into obscurity. The second was Apple. Like Brandenburg, Steve Jobs disapproved of file-sharing, and was seeking to create a legal paid alternative. He was building a music application called iTunes, whose calm, white interface and slick, expensive iconography promised to cleanse the world of sin. The design flaws of Winamp would be swept away, the file-sharers of Napster would be given moral instruction in the virtues of paid distribution, and—Apple’s representatives were insistent on this point—the mp3 format would be abandoned. Jobs wanted everyone to use AAC.
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The brain trust was replaced by Jean-Bernard Lévy, a respected, sober-minded businessman tasked with stopping the bleeding. Needing an immediate influx of cash, Lévy organized the sale of Vivendi’s water utility and environmental engineering assets, and began looking for other things of value to sell. Word got around. In 2003, Apple CEO Steve Jobs made an unsolicited bid to take Universal off of Vivendi’s hands. He wanted their back catalog. He wanted his own music label. Most of all he wanted Morris. Morris was interested, but the decision wasn’t his to make. Vivendi rebuffed the offer. Even with their creditors demanding liquidity, and even with music industry revenues beginning to decline sharply, they saw UMG and Morris as key, irreplaceable assets.
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In fact, Morris’ aggregate return on invested capital during the first decade of the 2000s was splendid, and when you added it all up, B still looked a lot better than A. No one at the other major labels could say the same. Perhaps it was for this reason that, as word began to spread of his upcoming force-out, Steve Jobs began to call more frequently. Soon there was an offer on the table. Leave Vivendi, said Jobs. Come to Apple. We’ll start our own iTunes imprint. We’ll go after artists aggressively, and you’ll run the greatest music label the world has ever seen. Jobs was looking to rewrite the economics of the business from a blank slate. Historically, recording industry deals were determined by major labels bidding against one another for the right to represent the artists.
Androids: The Team That Built the Android Operating System by Chet Haase
Andy Rubin, Apple II, Apple's 1984 Super Bowl advert, augmented reality, barriers to entry, Beos Apple "Steve Jobs" next macos , Big Tech, Bill Atkinson, commoditize, continuous integration, crowdsourcing, en.wikipedia.org, fault tolerance, Firefox, General Magic , Google Chrome, Ken Thompson, lock screen, machine readable, Menlo Park, PalmPilot, Parkinson's law, pull request, QWERTY keyboard, side project, Silicon Valley, skunkworks, speech recognition, stealth mode startup, Steve Ballmer, Steve Jobs, Steve Wozniak, Tony Fadell, turn-by-turn navigation, web application
Bob Borchers was the Senior Director of iPhone Product Marketing370 at Apple during the iPhone’s development and when it launched. Bob was in the original iPhone tutorial video on the Apple website when the iPhone was launched. What was remarkable about that video was not so much that it was an iPhone tutorial, or that it featured Bob, but that it was not starring Steve Jobs. Apple is famous in the industry for hiding most of the personalities in the company behind very closed doors. Only select people are anointed to be the face that represents the company. At that time, it was (of course) mostly Steve Jobs. A friend who worked there explained it to me.
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But Be’s impact on computing platforms is huge, if for no other reason than that it collected, either as employees or as avid users and developers, so many of the people who later went on to form Android.21 Be was a late entrant to the desktop computing wars, coming along in the early 1990s with a new OS that attempted to compete with the entrenched Microsoft and Apple desktop systems. It didn’t fare well. Be tried various things along the way. They sold their own computer hardware (the BeBox). They ported BeOS to PC and Mac hardware and attempted selling the OS. They were almost acquired by Apple (in fact, they got an offer, but while Be’s CEO was stalling as a negotiating ploy, Steve Jobs swooped in and convinced Apple to buy his company, NeXT Computer, instead). In 1999, they went through an underwhelming initial public offering (IPO).22 Then in 2000, when nobody was buying Be’s hardware or OS, the company tried what the team called a “Focus Shift,” building an OS for an Internet appliance device, which people also didn’t buy.
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A very simple example is that the sum of all integers up to some given integer x can be solved by adding x to the sum of all integers up to (x –1). Recursion is a powerful technique, but can be tricky to think through, and to ensure that it will actually terminate. 130 Taligent was a company formed by Apple and IBM with the goal of providing a new operating system, at a time when Apple was trying to come up with a successor to the aging MacOS. Taligent eventually failed and Apple continued its attempts internally before eventually acquiring Steve Jobs’s NeXT Computer and adopting NeXTSTEP OS instead. 131 Continuous Integration, or CI, is the practice in software development of integrating all of a team’s changes as often as possible for building and testing.
Kings of Crypto: One Startup's Quest to Take Cryptocurrency Out of Silicon Valley and Onto Wall Street by Jeff John Roberts
4chan, Airbnb, Alan Greenspan, altcoin, Apple II, Bernie Sanders, Bertram Gilfoyle, Big Tech, bitcoin, blockchain, Blythe Masters, Bonfire of the Vanities, Burning Man, buttonwood tree, cloud computing, coronavirus, COVID-19, creative destruction, Credit Default Swap, cryptocurrency, democratizing finance, Dogecoin, Donald Trump, double helix, driverless car, Elliott wave, Elon Musk, Ethereum, ethereum blockchain, family office, financial engineering, Flash crash, forensic accounting, hacker house, Hacker News, hockey-stick growth, index fund, information security, initial coin offering, Jeff Bezos, John Gilmore, Joseph Schumpeter, litecoin, Marc Andreessen, Mark Zuckerberg, Masayoshi Son, Menlo Park, move fast and break things, Multics, Network effects, offshore financial centre, open borders, Paul Graham, Peter Thiel, Ponzi scheme, prediction markets, proprietary trading, radical decentralization, ransomware, regulatory arbitrage, reserve currency, ride hailing / ride sharing, Robert Shiller, rolodex, Ross Ulbricht, Sam Altman, Sand Hill Road, Satoshi Nakamoto, sharing economy, side hustle, Silicon Valley, Silicon Valley ideology, Silicon Valley startup, smart contracts, SoftBank, software is eating the world, Startup school, Steve Ballmer, Steve Jobs, Steve Wozniak, transaction costs, Vitalik Buterin, WeWork, work culture , Y Combinator, zero-sum game
In works like Collaborative Circles and Powers of Two, researchers have shown how genius is rarely solitary: John Lennon and Paul McCartney relied on each other to compose timeless Beatles hits; Pablo Picasso and Georges Braque used their brushes side by side to create Cubism; biologists James Watson and Francis Crick worked intensely together to discover the double helix and DNA. Tech is no different. Apple is famously associated with Steve Jobs, but, in its early days, the computer company wouldn’t have gotten off the ground without the other Steve—Jobs’s partner and programming virtuoso Steve Wozniak. The same is true with Google. The Stanford graduate supervisor of Larry Page and Sergey Brin has remarked on the near total mind-meld of the search engine founders. And a garage in Palo Alto, known as the birthplace of Silicon Valley and now an official California state landmark, did not belong to a lone inventor but to two men: Bill Hewlett and Dave Packard, who founded HP.
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Since the 1930s, this special strip of California has produced entrepreneurs whose work has in turn inspired other entrepreneurs to push technology forward. These include a young Steve Jobs who, when asked why he spent so much time hangingaround the semiconductor pioneers of the 1960s, spoke reverently of their magic. “[I] wanted to smell that second wonderful era of the valley, the semiconductor companies leading into the computer. You can’t really understand what is going on now unless you understand what came before,” the Apple founder told the historian Leslie Berlin. Bitcoin must also be understood by what came before and, in particular, a group of technologists known as cypherpunks.
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But in true Silicon Valley fashion, Brian thought it best to think big, and he had Coinbase’s board behind him. However, first he would have to inspire Coinbase’s own employees. Giant and far-flung business visions are usually associated with Valley and tech CEOs who have outsize personalities. Steve Jobs is the archetype. Even as the late Apple CEO introduced some of the most profoundly disruptive technology the world has ever seen, he nourished a cult of personality with his distinct appearance and a stage presence worthy of P. T. Barnum. Elon Musk, who runs both the electric car company Tesla and the rocket maker SpaceX, likes to share extravagant plans for living on Mars and building high-speed tunnels between US cities.
Messy: The Power of Disorder to Transform Our Lives by Tim Harford
affirmative action, Air France Flight 447, Airbnb, airport security, Albert Einstein, Amazon Mechanical Turk, Amazon Web Services, assortative mating, Atul Gawande, autonomous vehicles, banking crisis, Barry Marshall: ulcers, Basel III, Berlin Wall, Bletchley Park, British Empire, Broken windows theory, call centre, Cass Sunstein, Chris Urmson, cloud computing, collateralized debt obligation, Computing Machinery and Intelligence, crowdsourcing, deindustrialization, Donald Trump, Erdős number, experimental subject, Ferguson, Missouri, Filter Bubble, financial engineering, Frank Gehry, game design, global supply chain, Googley, Guggenheim Bilbao, Helicobacter pylori, high net worth, Inbox Zero, income inequality, industrial cluster, Internet of things, Jane Jacobs, Jeff Bezos, Loebner Prize, Louis Pasteur, machine readable, Marc Andreessen, Mark Zuckerberg, Menlo Park, Merlin Mann, microbiome, out of africa, Paul Erdős, Richard Thaler, Rosa Parks, self-driving car, side project, Silicon Valley, Silicon Valley startup, Skype, Steve Jobs, Steven Levy, Stewart Brand, Susan Wojcicki, tacit knowledge, TED Talk, telemarketer, the built environment, The Death and Life of Great American Cities, the strength of weak ties, Turing test, Tyler Cowen, urban decay, warehouse robotics, William Langewiesche
There was no need to save money using thin concrete walls. The Steve Jobs Building, named after Jobs’s death, is crafted of steel and glass, wood and brick, and Jobs obsessed over every detail. (It is easy to forget that the building also had an architect: Peter Bohlin, who designed the Apple stores.) Huge, beautiful steels were chosen after Jobs had pored over samples from across the country and selected a particular steel mill in Arkansas. He insisted that the girders were bolted rather than welded.4 And like all good designers, Steve Jobs cared about function as well as form. “Steve had this firm belief that the right kind of building can do great things for a culture,” says Ed Catmull, Pixar’s president.
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Ed Catmull with Amy Wallace, Creativity, Inc.: Overcoming the Unseen Forces That Stand in the Way of True Inspiration (London: Bantam, 2014), chap. 2. 3. Walter Isaacson, Steve Jobs (London: Little, Brown, 2011), p. 486. 4. Ibid., pp. 430–432. 5. The first Ed Catmull quotation is from Isaacson, Steve Jobs, p. 430. The second is from Catmull with Wallace, Creativity, Inc., p. ix. 6. Isaacson, Steve Jobs, pp. 430–432. 7. Julie Jargon, “Neatness Counts at Kyocera and at Others in the 5S Club: Sort, Straighten, Shine, Standardize, Sustain; Getting Mr. Scovie to Go Through His Boxes,” The Wall Street Journal, October 27, 2008, http://www.wsj.com/articles/SB122505999892670159. 8.
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They added old-fashioned shutters and windows; they erected pitched roofs over the flat ones; they put up flowery wallpaper over the uninterrupted monochrome walls, and marked out little blocks of garden with wooden picket fences. Their gardens were decorated with gnomes. • • • Steve Jobs, one suspects, would not have approved of the gnomes. Jobs, like Le Corbusier, loved simplicity and clean modern lines—although unlike Le Corbusier, Steve Jobs had a gift for making things that people loved. Jobs is most famous for his work on computers, phones, and tablets, galvanizing outstanding designers for three decades to produce some of the most beautifully crafted technology in the world.
Power Button: A History of Pleasure, Panic, and the Politics of Pushing by Rachel Plotnick
augmented reality, cognitive load, crowdsourcing, Donald Trump, Douglas Engelbart, Douglas Engelbart, Dr. Strangelove, Frederick Winslow Taylor, future of work, Google Glasses, Internet Archive, invisible hand, means of production, Milgram experiment, Oculus Rift, scientific management, Shoshana Zuboff, software studies, Steve Jobs
Parker, “Buttons, Simplicity, and Natural Interfaces,” Loading ...2, no. 2 (2008). http://journals.sfu.ca/loading/index.php/loading/article/view/33/. 52. Russell Brandom, “Death of the Button,” Kempt, September 30, 2009, http://www.getkempt.com/gadgetry/the-death-of-the-button.php. 53. Jennifer Hoar, “Apple’s Steve Jobs Hates Buttons,” CBS News, July 25, 2007. http://www.cbsnews.com/news/apples-steve-jobs-hates-buttons/. 54. Adam Clark Estes, “Steve Jobs Didn’t Want Apple Devices to Have an Off Switch,” Wire, October 24, 2011, http://www.thewire.com/technology/2011/10/isaacson-jobs-60-minutes-interview/44028/. 55. P. Jackson and J. Lethem, eds., The Exegesis of Philip K. Dick (Boston: Houghton Mifflin Harcourt, 2011), 499. 56.
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The World of Child Labor: An Historical and Regional Survey. Armonk, NY: M. E. Sharpe, 2009. Hine, Thomas. Populuxe. New York: Knopf, 1986. Hoadley, G. L. “Home Electrics.” New Science and Invention in Pictures 9, no. 1 (1921): 67. Hoar, Jennifer. “Apple’s Steve Jobs Hates Buttons.” CBS News, July 25, 2007. http://www.cbsnews.com/news/apples-steve-jobs-hates-buttons/. Holden, Edward S. Real Things in Nature: A Reading Book of Science for American Boys and Girls. New York: Macmillan, 1903. Holden, Edward S. The Sciences: A Reading Book for Children. Boston: Ginn & Company, 1903. Hool, George A.
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However, designers and usability experts have begun to slowly acknowledge users’ difficulties with these buttons, with some vocal observers contesting the definition of a “push button” in the digital age. They suggest moving away from button designs altogether, which they view as “sadly inflexible” and “not natural” because they restrict users’ interactions to two conditions or spur more confusion than desired.51 Some have even proclaimed a “death” of push buttons on the near horizon.52 Apple’s Steve Jobs famously derided physical buttons, with the popular press once declaring that Jobs’ trademark button-less turtlenecks and iPhones and mice free of hardware buttons stemmed from an alleged “pathological fear and loathing of buttons.”53 Jobs once described his distaste for mechanical buttons as having to do with a psychological discomfort about the on-off binary that buttons present.
World Without Mind: The Existential Threat of Big Tech by Franklin Foer
artificial general intelligence, back-to-the-land, Berlin Wall, big data - Walmart - Pop Tarts, Big Tech, big-box store, Buckminster Fuller, citizen journalism, Colonization of Mars, computer age, creative destruction, crowdsourcing, data is the new oil, data science, deep learning, DeepMind, don't be evil, Donald Trump, Double Irish / Dutch Sandwich, Douglas Engelbart, driverless car, Edward Snowden, Electric Kool-Aid Acid Test, Elon Musk, Evgeny Morozov, Fall of the Berlin Wall, Filter Bubble, Geoffrey Hinton, global village, Google Glasses, Haight Ashbury, hive mind, income inequality, intangible asset, Jeff Bezos, job automation, John Markoff, Kevin Kelly, knowledge economy, Law of Accelerating Returns, Marc Andreessen, Mark Zuckerberg, Marshall McLuhan, means of production, move fast and break things, new economy, New Journalism, Norbert Wiener, off-the-grid, offshore financial centre, PageRank, Peace of Westphalia, Peter Thiel, planetary scale, Ray Kurzweil, scientific management, self-driving car, Silicon Valley, Singularitarianism, software is eating the world, Steve Jobs, Steven Levy, Stewart Brand, strong AI, supply-chain management, TED Talk, the medium is the message, the scientific method, The Wealth of Nations by Adam Smith, The Wisdom of Crowds, Thomas L Friedman, Thorstein Veblen, Upton Sinclair, Vernor Vinge, vertical integration, We are as Gods, Whole Earth Catalog, yellow journalism
• • • THE BIG TECH COMPANIES didn’t just benefit from the economic collapse of knowledge. They maneuvered to shred the value of knowledge, so that old media would come to helplessly depend on their platforms. There was a precedent for this strategy. When Apple created the iPod, it created a device with the capacity to hold thousands of digitized songs—ideal for amassing pirated music, which was flowing freely at that moment. Steve Jobs could have easily designed the iPod to make it inhospitable to stolen music. But he initially refused to build the iPod so that it would block unlicensed content. At the same time Jobs’s device enabled piracy, Jobs himself decried digital thievery.
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“This was a way to be of use to communes without actually having to live on one,” he would later joke. His truck never quite took off, but the core concept morphed into something much bigger and more resonant. He created the Whole Earth Catalog, which was really more like an entirely new literary genre—or what Steve Jobs called “one of the bibles of my generation.” During its four years of existence, the Whole Earth Catalog sold 2.5 million copies and won a National Book Award. The subtitle of the catalog was “access to tools.” There were plenty described in its pages, though it didn’t actually sell any, except from a storefront that Brand operated in the heart of what would become Silicon Valley.
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The engineers had indeed begun to develop machines that were a decade ahead of their time, and too radical for the corporate suits at Xerox to fully comprehend. Their most legendary prototype was a computer with many of the elements that would later appear in the Macintosh—no coincidence, because Steve Jobs was enraptured by the innovations he witnessed in a highly mythologized visit to PARC in the winter of 1979. But what made Brand’s article so influential is that he took the impulses of the engineers and translated them into pithy phrases—and these pithy phrases, in turn, gave direction to the work of the engineers.
Hackers: Heroes of the Computer Revolution - 25th Anniversary Edition by Steven Levy
"Margaret Hamilton" Apollo, air freight, Apple II, Bill Gates: Altair 8800, Buckminster Fuller, Byte Shop, Compatible Time-Sharing System, computer age, Computer Lib, computer vision, corporate governance, Donald Knuth, El Camino Real, Fairchild Semiconductor, Free Software Foundation, game design, Gary Kildall, Hacker Ethic, hacker house, Haight Ashbury, John Conway, John Markoff, Mark Zuckerberg, Menlo Park, Mondo 2000, Multics, non-fiction novel, Norman Mailer, Paul Graham, popular electronics, RAND corporation, reversible computing, Richard Stallman, Silicon Valley, software patent, speech recognition, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, Ted Nelson, The Hackers Conference, value engineering, Whole Earth Catalog, Y Combinator
—and get excited and show other people and say, ‘Look, this is easy, you just put this command in and you do this.’” Here was this high school kid, running programs on this little computer Wozniak had built. Steve Jobs’ reaction was more pragmatic—he hired Chris Espinosa as one of the company’s first employees. Like the other teen-age software specialist, Randy Wigginton, he would earn three dollars an hour. Steve Jobs was concentrating full-time on building up the Apple company to get ready to deliver the Apple II the following year and make a big splash in the marketplace. Jobs was a brilliant talker who, according to Alan Baum, “worked his tail off . . . he told me about the prices he was getting for parts, and they were favorable to the prices HP was paying.”
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Woz and his friends were preparing a different kind of computer than the previous bestsellers, the Altair, Sol, and IMSAI. Steve Jobs and Mike Markkula felt that the Apple’s market went well beyond hobbyists, and to make the machine look friendlier. Jobs hired an industrial designer to construct a sleek, low-profile plastic case in a warm beige earth color. He made sure that Woz’s layout would be appealing once the lid of the case was lifted. The Apple bus, like the S-100 bus, was capable of accepting extra circuit boards to make it do interesting things, but Woz had taken some advice from his friend Alan Baum and made it so that the eight “expansion slots” inside the Apple were especially easy for manufacturers to make compatible circuit boards for.
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Anyone in Homebrew could take a look at the schematics for the design, Woz’s BASIC was given away free with purchase of a piece of equipment that connected the computer to a cassette recorder, and Woz published the routines for his 6502 “monitor,” which enabled you to look into memory and see what instructions were stored, in magazines like Dr. Dobbs. The Apple ad even said, “our philosophy is to provide software for our machines free or at minimal cost.” While the selling was going on, Steve Wozniak began working on an expanded design of the board, something that would impress his Homebrew peers even more. Steve Jobs had plans to sell many computers based on this new design, and he started getting financing, support, and professional help for the day the product would be ready. The new version of Steve Wozniak’s computer would be called the Apple II, and at the time no one suspected that it would become the most important computer in history
Makers by Chris Anderson
3D printing, Airbnb, Any sufficiently advanced technology is indistinguishable from magic, Apple II, autonomous vehicles, barriers to entry, Buckminster Fuller, Build a better mousetrap, business process, carbon tax, commoditize, company town, Computer Numeric Control, crowdsourcing, dark matter, David Ricardo: comparative advantage, deal flow, death of newspapers, dematerialisation, digital capitalism, DIY culture, drop ship, Elon Musk, factory automation, Firefox, Ford Model T, future of work, global supply chain, global village, hockey-stick growth, hype cycle, IKEA effect, industrial robot, interchangeable parts, Internet of things, inventory management, James Hargreaves, James Watt: steam engine, Jeff Bezos, job automation, Joseph Schumpeter, Kickstarter, Lean Startup, manufacturing employment, Mark Zuckerberg, means of production, Menlo Park, Neal Stephenson, Network effects, planned obsolescence, private spaceflight, profit maximization, QR code, race to the bottom, Richard Feynman, Ronald Coase, Rubik’s Cube, Scaled Composites, self-driving car, Sheryl Sandberg, side project, Silicon Valley, Silicon Valley startup, Skype, slashdot, South of Market, San Francisco, SpaceShipOne, spinning jenny, Startup school, stem cell, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, supply-chain management, the long tail, The Nature of the Firm, The Wealth of Nations by Adam Smith, TikTok, Tragedy of the Commons, transaction costs, trickle-down economics, vertical integration, Virgin Galactic, Whole Earth Catalog, X Prize, Y Combinator
As then, the sudden liberation of industrial technology inspires exuberant imagination and some sweeping predictions (including here). The leaders of the Maker Movement echo the fervor of Steve Jobs, who saw in the personal computer not just the opportunity to start a company but also a force that would change the world. But don’t forget: he was right. Indeed, Jobs himself was inspired by his Maker upbringing. Writing in Wired,12 Steven Levy explained the connection, which led to the original Apple II in 1977: His dad, Paul—a machinist who had never completed high school—had set aside a section of his workbench for Steve, and taught him how to build things, disassemble them, and put them together.
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“It gave a tremendous sense of self-confidence, that through exploration and learning one could understand seemingly very complex things in one’s environment,” he told [an] interviewer. Later, when Jobs and his Apple cofounder, Steve Wozniak, were members of the Homebrew Computer Club, they saw the potential of desktop tools—in this case the personal computer—to change not just people’s lives, but also the world. In this, they were inspired by Stewart Brand, who had emerged from the psychedelic culture of the 1960s to work with the early Silicon Valley visionaries to promote technology as a form of “computer liberation,” which would free both the minds and the talents of people in a way that drugs had not. In his biography of Steve Jobs, Walter Isaacson describes Brand’s role in the origins of what is today the Maker Movement: Brand ran the Whole Earth Truck Store, which began as a roving truck that sold useful tools and educational materials, and in 1968 he decided to extend its reach with The Whole Earth Catalog.
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Then, in 1985, Apple released the LaserWriter, the first real desktop laser printer, which, along with the Mac, started the desktop publishing phenomenon. It was a jaw-dropping moment, combining in the public imagination words that had never gone together before: “desktop” and “publishing”! Famously, Apple’s printer had more processing power than the Mac itself, which was necessary to interpret the Postscript page description language that was originally designed for commercial printers costing ten times as much. But Steve Jobs wanted the Mac desktop publishing suite not just to match the quality of commercial printers, but to exceed them. Desktop tools could be better than traditional industrial tools, he believed, and he started by cutting no corners.
The Wires of War: Technology and the Global Struggle for Power by Jacob Helberg
"World Economic Forum" Davos, 2021 United States Capitol attack, A Declaration of the Independence of Cyberspace, active measures, Affordable Care Act / Obamacare, air gap, Airbnb, algorithmic management, augmented reality, autonomous vehicles, Berlin Wall, Bernie Sanders, Big Tech, bike sharing, Black Lives Matter, blockchain, Boris Johnson, Brexit referendum, cable laying ship, call centre, Cambridge Analytica, Cass Sunstein, cloud computing, coronavirus, COVID-19, creative destruction, crisis actor, data is the new oil, data science, decentralized internet, deep learning, deepfake, deglobalization, deindustrialization, Deng Xiaoping, deplatforming, digital nomad, disinformation, don't be evil, Donald Trump, dual-use technology, Edward Snowden, Elon Musk, en.wikipedia.org, end-to-end encryption, fail fast, fake news, Filter Bubble, Francis Fukuyama: the end of history, geopolitical risk, glass ceiling, global pandemic, global supply chain, Google bus, Google Chrome, GPT-3, green new deal, information security, Internet of things, Jeff Bezos, Jeffrey Epstein, John Markoff, John Perry Barlow, knowledge economy, Larry Ellison, lockdown, Loma Prieta earthquake, low earth orbit, low skilled workers, Lyft, manufacturing employment, Marc Andreessen, Mark Zuckerberg, Mary Meeker, Mikhail Gorbachev, military-industrial complex, Mohammed Bouazizi, move fast and break things, Nate Silver, natural language processing, Network effects, new economy, one-China policy, open economy, OpenAI, Parler "social media", Peter Thiel, QAnon, QR code, race to the bottom, Ralph Nader, RAND corporation, reshoring, ride hailing / ride sharing, Ronald Reagan, Russian election interference, Salesforce, Sam Altman, satellite internet, self-driving car, Sheryl Sandberg, side project, Silicon Valley, Silicon Valley ideology, Silicon Valley startup, Skype, smart grid, SoftBank, Solyndra, South China Sea, SpaceX Starlink, Steve Jobs, Steven Levy, Stuxnet, supply-chain attack, Susan Wojcicki, tech worker, techlash, technoutopianism, TikTok, Tim Cook: Apple, trade route, TSMC, Twitter Arab Spring, uber lyft, undersea cable, Unsafe at Any Speed, Valery Gerasimov, vertical integration, Wargames Reagan, Westphalian system, white picket fence, WikiLeaks, Y Combinator, zero-sum game
In fact, we’re so used to this competitive edge that we think it will always be this way. But what if it isn’t? In 2007, when Steve Jobs upended the mobile phone market by introducing the iPhone, Nokia’s market valuation was $110 billion, $6 billion more than Apple. A dozen years later, Apple’s valuation had grown nearly 80 percent, and Nokia’s was down more than two-thirds. With China charging ahead and other autocracies close behind, what if the United States is on the verge of becoming the Nokia to China’s Apple? From Beijing to Moscow to Tehran, our adversaries are now developing—or in some cases have already developed—new digital weapons of war that will revolutionize their ability to do us harm.
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Still fewer likely dwell on where so many of these supply chains lead. More often than not, the answer is the warehouses and factory floors of China. A few decades ago, many tech companies did manufacture their devices in the United States. Apple’s Steve Jobs boasted that the early Macintosh was “a machine that is made in America.”33 At the turn of the twenty-first century, iMacs were still being produced in Elk Grove, California, only a couple hours’ drive from Apple’s Cupertino headquarters.34 Times have changed. Manufacturing as a share of American gross domestic product has dropped to its lowest level in more than seventy years.35 Over the past four decades, more than seven million American manufacturing jobs were lost36—over a third of the entire manufacturing workforce—including five million just since 2000.37 Onetime American hardware giants like Lucent, Motorola, and General Electric have disappeared or seen their global dominance eroded.
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Workers aged twenty-two to forty-four make up 61 percent of the American information technology workforce, compared to less than 49 percent of the overall workforce.43 At Apple, the median employee is—by tech standards—a comparatively mature thirty-one. At Google, the age is thirty. Facebook’s average employee is twenty-eight years old.44 “Is 27 the Tech World’s New Middle Age?” read one Fast Company headline.45 This cult of youth is reflected in the legends built around Silicon Valley’s iconic founders. Mark Zuckerberg, a decade and a half after he dropped out of Harvard to found Facebook, is still just thirty-six years old—and looks even younger. Bill Gates wasn’t even old enough to drink legally when he founded Microsoft at age nineteen. Steve Jobs launched Apple at twenty-one.
The Song Machine: Inside the Hit Factory by John Seabrook
AOL-Time Warner, barriers to entry, financial independence, game design, peer-to-peer, Ponzi scheme, Russell Brand, Saturday Night Live, Steve Jobs, technoutopianism, the long tail, trade route
Who would have imagined, as one label head put it, that “your enemy could become your friend”? One factor in the evolution of the labels’ thinking was Apple, which had proved to be an unsatisfactory business partner. The iTunes store, the industry’s attempt, in partnership with Apple, to build a digital record shop, opened in 2003 to sell downloads, but that didn’t alter the downward trajectory of sales revenues; indeed, by unbundling tracks from the album so that buyers could cherry-pick their favorite songs, Apple arguably hastened the decline. Music had been an important part of Apple’s business when Steve Jobs first negotiated the iTunes licenses, back in 2002—the music helped sell the iPod.
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Neither service would license to the other one, which crippled them both. With the sense of urgency mounting, Steve Jobs, Apple’s founder, stepped into the breach with a cool proposal—the iTunes music store. Roger Ames, head of Warner Music Group, saw Jobs’s presentation as the future. “Yes, yes, that’s exactly what we’ve been waiting for,” he said. One by one, his fellow leaders signed on to Jobs’s plan. Finally, Jobs went to see Doug Morris himself, and won the record man over with his charm. “When I met Steve, I thought he was our savior,” Morris told writer Walter Isaacson in Steve Jobs. Morris called Jimmy Iovine at Interscope to get his impression.
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As Denniz once said, in response to a question about how hard could it possibly be to write such simple songs, “it’s much more difficult to make it simple, especially achieving a simplicity without having it sound incredibly trivial.” Lundin says, “Denniz was an arrangement genius.” He adds, “like Steve Jobs, he knew what to take out. ‘You can get rid of that, that. Keep it simple.’ ” As Denniz put it, “A great pop song should be interesting, in some way. That means that certain people will hate it immediately and certain people will love it, but only as long as it isn’t boring and meaningless. Then it’s not a pop song any longer; then it’s something else.
Don't Be Evil: How Big Tech Betrayed Its Founding Principles--And All of US by Rana Foroohar
"Susan Fowler" uber, "World Economic Forum" Davos, accounting loophole / creative accounting, Airbnb, Alan Greenspan, algorithmic bias, algorithmic management, AltaVista, Andy Rubin, autonomous vehicles, banking crisis, barriers to entry, behavioural economics, Bernie Madoff, Bernie Sanders, Big Tech, bitcoin, Black Lives Matter, book scanning, Brewster Kahle, Burning Man, call centre, Cambridge Analytica, cashless society, clean tech, cloud computing, cognitive dissonance, Colonization of Mars, computer age, corporate governance, creative destruction, Credit Default Swap, cryptocurrency, data is the new oil, data science, deal flow, death of newspapers, decentralized internet, Deng Xiaoping, digital divide, digital rights, disinformation, disintermediation, don't be evil, Donald Trump, drone strike, Edward Snowden, Elon Musk, en.wikipedia.org, Erik Brynjolfsson, Etonian, Evgeny Morozov, fake news, Filter Bubble, financial engineering, future of work, Future Shock, game design, gig economy, global supply chain, Gordon Gekko, Great Leap Forward, greed is good, income inequality, independent contractor, informal economy, information asymmetry, intangible asset, Internet Archive, Internet of things, invisible hand, Jaron Lanier, Jeff Bezos, job automation, job satisfaction, junk bonds, Kenneth Rogoff, life extension, light touch regulation, low interest rates, Lyft, Mark Zuckerberg, Marshall McLuhan, Martin Wolf, Menlo Park, military-industrial complex, move fast and break things, Network effects, new economy, offshore financial centre, PageRank, patent troll, Paul Volcker talking about ATMs, paypal mafia, Peter Thiel, pets.com, price discrimination, profit maximization, race to the bottom, recommendation engine, ride hailing / ride sharing, Robert Bork, Sand Hill Road, search engine result page, self-driving car, shareholder value, sharing economy, Sheryl Sandberg, Shoshana Zuboff, side hustle, Sidewalk Labs, Silicon Valley, Silicon Valley startup, smart cities, Snapchat, SoftBank, South China Sea, sovereign wealth fund, Steve Bannon, Steve Jobs, Steven Levy, stock buybacks, subscription business, supply-chain management, surveillance capitalism, TaskRabbit, tech billionaire, tech worker, TED Talk, Telecommunications Act of 1996, The Chicago School, the long tail, the new new thing, Tim Cook: Apple, too big to fail, Travis Kalanick, trickle-down economics, Uber and Lyft, Uber for X, uber lyft, Upton Sinclair, warehouse robotics, WeWork, WikiLeaks, zero-sum game
Some of the new crop of hyped-up companies may eventually turn into Cheshire cats, disappearing and leaving behind only the grins of those who got out before the bubble burst.24 CHAPTER 5 Darkness Rises Before he died, Steve Jobs told his biographer, Walter Isaacson, that he intended to devote his remaining time on earth to annihilating Google’s Android phone system, which he believed that Eric Schmidt—a man he’d invited to sit on his board, and whom he considered to be a close friend—had wantonly copied from Apple’s iPhone. “I will spend my last dying breath if I need to, and I will spend every penny of Apple’s $40 billion in the bank, to right this wrong,” Jobs said. “I’m going to destroy Android, because it’s a stolen product.”1 He didn’t get the chance, obviously, though he certainly tried, filing one patent infringement lawsuit after another, to no avail.
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When it happens in Silicon Valley, however, it typically also means that one or both companies are trying to prevent their top talent from absconding to a competitor—and taking their proprietary information, ideas, and secrets along with them. In 2011, court documents revealed that in 2007, after Steve Jobs called Google to complain that a recruiter was trying to hire one of his people, Schmidt wrote an email to HR saying, “I believe we have a policy of no recruiting from Apple….Can you get this stopped and let me know why this is happening? I will need to send a response back to Apple quickly.”37 While at Google, Schmidt instituted a “Do Not Call” list of companies that could not be tapped for talent, something that was legally dicey, since it basically undermined the ability of individuals to look for work.
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Rob Copeland and Eliot Brown, “Palantir Has a $20 Billion Valuation and a Bigger Problem: It Keeps Losing Money,” The Wall Street Journal, November 12, 2018. 23. Foroohar, “Money, Money, Money.” 24. Rana Foroohar, “Another Tech Bubble Could Be About to Burst,” Financial Times, January 27, 2019. Chapter 5: Darkness Rises 1. Walter Isaacson, Steve Jobs (New York: Simon & Schuster, 2011). 2. Dan Levine, “Apple, Google Settle Smartphone Patent Litigation,” Reuters, May 16, 2014. 3. Shanthi Rexaline, “10 Years of Android: How the Operating System Reached 86% Market Share,” MSN News, September 25, 2018. 4. Betsy Morris and Deepa Seetharaman, “The New Copycats: How Facebook Squashes Competition from Startups,” The Wall Street Journal, August 9, 2017. 5.
Utopia Is Creepy: And Other Provocations by Nicholas Carr
Abraham Maslow, Air France Flight 447, Airbnb, Airbus A320, AltaVista, Amazon Mechanical Turk, augmented reality, autonomous vehicles, Bernie Sanders, book scanning, Brewster Kahle, Buckminster Fuller, Burning Man, Captain Sullenberger Hudson, centralized clearinghouse, Charles Lindbergh, cloud computing, cognitive bias, collaborative consumption, computer age, corporate governance, CRISPR, crowdsourcing, Danny Hillis, data science, deskilling, digital capitalism, digital map, disruptive innovation, Donald Trump, driverless car, Electric Kool-Aid Acid Test, Elon Musk, Evgeny Morozov, factory automation, failed state, feminist movement, Frederick Winslow Taylor, friendly fire, game design, global village, Google bus, Google Glasses, Google X / Alphabet X, Googley, hive mind, impulse control, indoor plumbing, interchangeable parts, Internet Archive, invention of movable type, invention of the steam engine, invisible hand, Isaac Newton, Jeff Bezos, jimmy wales, Joan Didion, job automation, John Perry Barlow, Kevin Kelly, Larry Ellison, Lewis Mumford, lifelogging, lolcat, low skilled workers, machine readable, Marc Andreessen, Mark Zuckerberg, Marshall McLuhan, Max Levchin, means of production, Menlo Park, mental accounting, natural language processing, Neal Stephenson, Network effects, new economy, Nicholas Carr, Nick Bostrom, Norman Mailer, off grid, oil shale / tar sands, Peter Thiel, plutocrats, profit motive, Ralph Waldo Emerson, Ray Kurzweil, recommendation engine, Republic of Letters, robot derives from the Czech word robota Czech, meaning slave, Ronald Reagan, scientific management, self-driving car, SETI@home, side project, Silicon Valley, Silicon Valley ideology, Singularitarianism, Snapchat, social graph, social web, speech recognition, Startup school, stem cell, Stephen Hawking, Steve Jobs, Steven Levy, technoutopianism, TED Talk, the long tail, the medium is the message, theory of mind, Turing test, Tyler Cowen, Whole Earth Catalog, Y Combinator, Yochai Benkler
That was the question that popped into my head as I read Cory Doctorow’s impassioned anti-iPad diatribe at Boing Boing. The device that Apple calls “magical” and “revolutionary” is, to Doctorow, a counterrevolutionary contraption conjured up through the black magic of the evil wizards at One Infinite Loop. The locked-down, self-contained design of the iPad—nary a USB port in sight, and don’t even think about loading an app that hasn’t been blessed by Steve Jobs—manifests “a palpable contempt for the owner,” writes Doctorow. You can’t fiddle with the damn thing. The original Apple II came with schematics for the circuit boards, and birthed a generation of hardware and software hackers who upended the world for the better. . . .
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In this view, the attention economy of the digital realm does not operate separately from the cash economy of the real world. The attention economy is just a means of creating cheap inputs for the cash economy. Many share in the work, few in the profit. STEVE’S DEVICES January 10, 2007 IT’S HARD TO IMAGINE the pleasure Steve Jobs must get from singlehandedly upstaging the entire Consumer Electronics Show. When he introduced Apple’s “revolutionary mobile phone” at Macworld in San Francisco yesterday—the gadget is called (surprise!) iPhone—the euphoric press coverage drowned out everything happening in Vegas. There was just one moment during Jobs’s slick two-hour presentation when he went off script, but it was a telling one.
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The rest of us are free to gain admission by purchasing a ticket for $500, but we’re required to remain in our seats at all times while the show is in progress. User-generated content? Hah! We’re not even allowed to change the freaking battery. In Jobs’s world, users are users, creators are creators, and never the twain shall meet. Which is, of course, why the iPhone, like the iPod, is an exquisite device. Steve Jobs is not interested in amateur productions. TWITTER DOT DASH March 18, 2007 AND SO AT LAST, after passing through Email and Instant Messaging and Texting, we arrive in the land of Twitter. The birds are singing in the trees—they look like that robin at the end of Blue Velvet—and the air is so clean you can see yourself in it.
Super Pumped: The Battle for Uber by Mike Isaac
"Susan Fowler" uber, "World Economic Forum" Davos, activist fund / activist shareholder / activist investor, Airbnb, Albert Einstein, always be closing, Amazon Web Services, Andy Kessler, autonomous vehicles, Ayatollah Khomeini, barriers to entry, Bay Area Rapid Transit, Benchmark Capital, Big Tech, Burning Man, call centre, Cambridge Analytica, Chris Urmson, Chuck Templeton: OpenTable:, citizen journalism, Clayton Christensen, cloud computing, corporate governance, creative destruction, data science, Didi Chuxing, don't be evil, Donald Trump, driverless car, Elon Musk, end-to-end encryption, fake news, family office, gig economy, Google Glasses, Google X / Alphabet X, Greyball, Hacker News, high net worth, hockey-stick growth, hustle culture, impact investing, information security, Jeff Bezos, John Markoff, John Zimmer (Lyft cofounder), Kevin Roose, Kickstarter, Larry Ellison, lolcat, Lyft, Marc Andreessen, Marc Benioff, Mark Zuckerberg, Masayoshi Son, mass immigration, Menlo Park, Mitch Kapor, money market fund, moral hazard, move fast and break things, Network effects, new economy, off grid, peer-to-peer, pets.com, Richard Florida, ride hailing / ride sharing, Salesforce, Sand Hill Road, self-driving car, selling pickaxes during a gold rush, shareholder value, Shenzhen special economic zone , Sheryl Sandberg, side hustle, side project, Silicon Valley, Silicon Valley startup, skunkworks, Snapchat, SoftBank, software as a service, software is eating the world, South China Sea, South of Market, San Francisco, sovereign wealth fund, special economic zone, Steve Bannon, Steve Jobs, stock buybacks, super pumped, TaskRabbit, tech bro, tech worker, the payments system, Tim Cook: Apple, Travis Kalanick, Uber and Lyft, Uber for X, uber lyft, ubercab, union organizing, upwardly mobile, Vision Fund, WeWork, Y Combinator
Uber’s method of identifying fraudsters made use of digital surveillance techniques common to Silicon Valley’s largest companies. That practice ran against some of Apple’s long-espoused principles, specifically an individual’s right to privacy. Steve Jobs had valued consumer privacy, but his successor, Tim Cook, was a fanatic. He believed Apple’s users should have complete control of their private digital lives. And if an Apple customer decided to wipe their iPhone clean of data, no one else—individuals, family members, companies, law enforcement—should be able to find a trace of that data on the device afterwards.
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Cue strode into the room, followed by a few of his lieutenants from the App Store. Flanking Cue was Phil Schiller, Apple’s senior vice president of marketing. Since 1997, Schiller had worked for Apple reporting directly to Steve Jobs. Under Jobs, Schiller promoted the revamped iMac in 1998, an egg-shaped blast of color that came in bright orange, lime green, deep turquoise, and other colors. He promoted the iPod in all of its various iterations, helping to create a record-breaking hit. The two Apple execs, both in their early fifties, had a combined net worth in the hundreds of millions. Cue hammered Kalanick from the start.
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The “gig economy” unleashed by companies like Uber, Instacart, TaskRabbit, and DoorDash spurred an entirely new class of workers—the blue-collar techno-laborer. With the rise of Facebook, Google, Instagram, and Snapchat, venture capitalists looked everywhere to fund the next Mark Zuckerberg, Larry Page, or Evan Spiegel—the newest brilliant mind who sought, in the words of Steve Jobs, to “make a dent in the universe.” And as more money flowed into the Valley from outside investors—from hedge funds and private equity firms, sovereign wealth funds and Hollywood celebrities—the balance of power shifted from those who held the purse strings to the founders who brought the bright ideas and willingness to execute them.
Ego Is the Enemy by Ryan Holiday
activist fund / activist shareholder / activist investor, Airbnb, Ben Horowitz, Berlin Wall, Bernie Madoff, Burning Man, delayed gratification, Google Glasses, growth hacking, Jeff Bezos, Joan Didion, Lao Tzu, Paul Graham, Ponzi scheme, Ralph Waldo Emerson, Richard Feynman, side project, South Sea Bubble, Stanford marshmallow experiment, Steve Jobs, stock buybacks, Streisand effect, sunk-cost fallacy, TED Talk, Upton Sinclair
It is not a path to great things. Take Steve Jobs. He was 100 percent responsible for his firing from Apple. Due to his later success, Apple’s decision to fire him seems like an example of poor leadership, but he was, at the time, unmanageable. His ego was unequivocally out of control. If you were John Sculley and CEO of Apple, you’d have fired that version of Steve Jobs too—and been right to do so. Now Steve Jobs’s response to his firing was understandable. He cried. He fought. When he lost, he sold all but a single share of his stock in Apple and swore never to think of the place again.
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A few days after being fired by the American Apparel board of directors, Dov Charney called me at 3 A.M. He was alternately despondent and angry—genuinely believing himself to be totally blameless for his situation. I asked him, “Dov, what are you going to do? Are you going to pull a Steve Jobs and start a new company? Are you going to make a comeback?” He got quiet and said to me with an earnestness I could feel through the phone and in my bones, “Ryan, Steve Jobs died.” To him, in this addled state, this failure, this blow was somehow the same as death. That was one of the last times we ever spoke. I watched with horror in the months that followed as he wreaked havoc on the company he had put everything into building.
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What we find when we study these individuals is that they were grounded, circumspect, and unflinchingly real. Not that any of them were wholly without ego. But they knew how to suppress it, channel it, subsume it when it counted. They were great yet humble. Wait, but so-and-so had a huge ego and was successful. But what about Steve Jobs? What about Kanye West? We can seek to rationalize the worst behavior by pointing to outliers. But no one is truly successful because they are delusional, self-absorbed, or disconnected. Even if these traits are correlated or associated with certain well-known individuals, so are a few others: addiction, abuse (of themselves and others), depression, mania.
Like, Comment, Subscribe: Inside YouTube's Chaotic Rise to World Domination by Mark Bergen
23andMe, 4chan, An Inconvenient Truth, Andy Rubin, Anne Wojcicki, Big Tech, Black Lives Matter, book scanning, Burning Man, business logic, call centre, Cambridge Analytica, citizen journalism, cloud computing, Columbine, company town, computer vision, coronavirus, COVID-19, crisis actor, crowdsourcing, cryptocurrency, data science, David Graeber, DeepMind, digital map, disinformation, don't be evil, Donald Trump, Edward Snowden, Elon Musk, fake news, false flag, game design, gender pay gap, George Floyd, gig economy, global pandemic, Golden age of television, Google Glasses, Google X / Alphabet X, Googley, growth hacking, Haight Ashbury, immigration reform, James Bridle, John Perry Barlow, Justin.tv, Kevin Roose, Khan Academy, Kinder Surprise, Marc Andreessen, Marc Benioff, Mark Zuckerberg, mass immigration, Max Levchin, Menlo Park, Minecraft, mirror neurons, moral panic, move fast and break things, non-fungible token, PalmPilot, paypal mafia, Peter Thiel, Ponzi scheme, QAnon, race to the bottom, recommendation engine, Rubik’s Cube, Salesforce, Saturday Night Live, self-driving car, Sheryl Sandberg, side hustle, side project, Silicon Valley, slashdot, Snapchat, social distancing, Social Justice Warrior, speech recognition, Stanford marshmallow experiment, Steve Bannon, Steve Jobs, Steven Levy, surveillance capitalism, Susan Wojcicki, systems thinking, tech bro, the long tail, The Wisdom of Crowds, TikTok, Walter Mischel, WikiLeaks, work culture
Years earlier, it had struck a deal with Apple to preload YouTube’s app on every iPhone (outside of China), which practically guaranteed YouTube millions of eyeballs. In exchange, Apple took a small cut of YouTube sales and, since the deal occurred under Steve Jobs, a design obsessive, Apple dictated the design of YouTube’s iPhone app. (Jobs died in 2011.) YouTube staff felt that Apple didn’t add new app features YouTube wanted fast enough, or sometimes ignored them entirely, and with internet usage quickly shifting to phones, YouTube worried about being at the mercy of Apple’s whims. Kamangar’s troops lobbied him to ask Apple to relinquish the out-of-the-box iPhone slot for control of the app, betting that consumers would download YouTube all on their own.
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With Facebook and iPhones ascending, Page worried that Google might be headed down the same path. He read books on successful, innovative CEOs. He visited Steve Jobs, Apple’s ailing founder, who told him Google’s strategy was “all over the map.” Google had to “put more wood behind fewer arrows,” is how Page put it to underlings. He nixed dozens of projects and invested in priorities, like his prized mobile unit, Android. Once ruled by committee, Google would now be ruled more like Apple. Page’s aphorisms, Larry-isms, were enshrined. Everyone should be “uncomfortably excited,” should possess “a healthy disregard for the impossible.”
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Harper was one of YouTube’s “coolhunters”—a team tasked with curating videos that appeared on YouTube.com and keeping their fingers on the site’s pulse. Right before joining Google, YouTube had cut a deal with Verizon Wireless to put its video player on select mobile phones; app stores weren’t yet a thing. The carrier wanted a handpicked selection, not the site’s normal free-for-all. Apple wanted the same thing for its new device, the iPhone; during a meeting, Steve Jobs had scolded the YouTube crew, “Your videos are shit.” So YouTube hired another alum from the music service Rhapsody, Mia Quagliarello, as an editorial director. She recruited Joseph Smith, or Big Joe, as everyone called him, a graveyard-shift video screener who posted his own YouTube clips and was remarkably adept at spotting budding viral hits before they exploded in popularity.
Simple and Usable Web, Mobile, and Interaction Design by Giles Colborne
call centre, Firefox, Ford Model T, HyperCard, Menlo Park, slashdot, Steve Jobs, Steven Levy, sunk-cost fallacy
If I can summarize the main points without leaving out important details, then I know I’ve made it complete. For the Flip camera, the description is ”take and share video.” For a newspaper home page, it’s ”a summary of the most important events right now.” Even a complicated device like the iPhone can be described by its core components: Steve Jobs introduced it as ”a widescreen iPod…, a revolutionary mobile phone, and a breakthrough Internet communications device.” When I’ve done that, I make sure I set some constraints on the actions to focus me on making them as simple as possible. So for the Flip, that would be ”take video instantly and share it effortlessly.”
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Then you get into the problem, and you see that it’s really complicated, and you come up with all these convoluted solutions. That’s sort of the middle, and that’s where most people stop…. But the really great person will keep on going and find the key, the underlying principle of the problem—and come up with an elegant, really beautiful solution that works.” —Steve Jobs (quoted in Insanely Great: The Life and Times of Macintosh, the Computer that Changed Everything by Steven Levy) As Luke Wroblewski, former Chief Design Architect at Yahoo!, says, ”Your first design may seem like a solution, but it is usually just an early definition of the problem you are trying to solve.”
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In my experience, roughly the first third of any project is spent trying to figure out what’s really important. It’s a nerve-wracking time, as complexity seems to spiral and there’s no solution in sight. Sticking with it is the first and most important step in achieving simplicity. Don’t rush into design. Understanding what’s core takes time. vision Download from WoweBook.com . —Steve Jobs Download from WoweBook.com Share it In 2002, Alan Colville was a product manager at Telewest, a British cable TV company. He’d been charged with upgrading the set top box software, a job that touched on every part of the company’s workforce, from software developers to call centers. As he described it: People at the company were pretty cynical about new projects and change was seen as a bad thing.
Better, Stronger, Faster: The Myth of American Decline . . . And the Rise of a New Economy by Daniel Gross
"World Economic Forum" Davos, 2013 Report for America's Infrastructure - American Society of Civil Engineers - 19 March 2013, Affordable Care Act / Obamacare, Airbnb, Alan Greenspan, American Society of Civil Engineers: Report Card, asset-backed security, Bakken shale, banking crisis, Bear Stearns, BRICs, British Empire, business cycle, business process, business process outsourcing, call centre, carbon tax, Carmen Reinhart, clean water, collapse of Lehman Brothers, collateralized debt obligation, commoditize, congestion pricing, creative destruction, credit crunch, currency manipulation / currency intervention, demand response, Donald Trump, financial engineering, Frederick Winslow Taylor, high net worth, high-speed rail, housing crisis, hydraulic fracturing, If something cannot go on forever, it will stop - Herbert Stein's Law, illegal immigration, index fund, intangible asset, intermodal, inventory management, Kenneth Rogoff, labor-force participation, LNG terminal, low interest rates, low skilled workers, man camp, Mark Zuckerberg, Martin Wolf, Mary Meeker, Maui Hawaii, McMansion, money market fund, mortgage debt, Network effects, new economy, obamacare, oil shale / tar sands, oil shock, peak oil, plutocrats, price stability, quantitative easing, race to the bottom, reserve currency, reshoring, Richard Florida, rising living standards, risk tolerance, risk/return, scientific management, Silicon Valley, Silicon Valley startup, six sigma, Skype, sovereign wealth fund, Steve Jobs, superstar cities, the High Line, transit-oriented development, Wall-E, Yogi Berra, zero-sum game, Zipcar
In late 2011 Apple had 60,400 direct employees, Google had 31,353 employees around the world, and Facebook had a mere 3,000. Even Apple, a manufacturing company, hasn’t done all that much to promote employment growth. As Timothy Noah wrote in the New Republic after the death of Steve Jobs, “His surname to the contrary, he did not create a lot of American jobs.” Noah cited data from the University of California Irvine Personal Computing Industry Center, which showed “the number of people worldwide involved in making and selling Apple’s iPod (which includes Apple employees and non-Apple employees) totaled a mere 41,170.
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The beauty of the Internet, from an economic perspective, is not that it created jobs for those who built it, but that it functions as a powerful platform on which all sorts of new businesses, and ways of doing business, can be rolled out. A lot of the value of these companies derives from what they allow other consumers and businesses to do. Apple’s well-told story—the comeback of Steve Jobs, the iMac, and then the iterations of the iPod, the iPhone, and the iPad—is perhaps the best ever case study in corporate turnaround and reinvention. The ability to create new economic ecosystems lies at the root of the tale. Apple launched the iTunes Store in April 2003 with a single product: songs selling for 99 cents. In seven years the iTunes ecosystem has evolved into a business far larger than the 10 billion songs that have been downloaded and has extended to audiobooks, movies, ringtones, apps, and e-books.
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Data on Airbnb’s growth, size, and fundraising was taken from press release at the company’s media site: http://www.airbnb.com/home/press. Chapter 13. Supersize Nation: Scale, Scope, and Systems 1. Data on the number of Apple, Google, and Facebook employees come from the companies’ SEC filings. See also Greg Linden, Jason Dedrick, and Kenneth L. Kraemer, “Innovation and Job Creation in a Global Economy: The Case of Apple’s iPod,” http://pcic.merage.uci.edu/papers/2011/Innovation JobCreationiPod.pdf. Timothy Noah’s comments can be seen at http://www.tnr.com/blog/timothy-noah/95877/steve-jobs-job-creator. 2. Data on Amazon.com’s revenues can be seen at http://money.usnews.com/money/blogs/flowchart/2011/06/30/why-us-companies-arent-so-american-anymore; information on LivingSocial and HomeAway’s expansion can be found at the companies’ websites; Lynn Cowan, “HomeAway IPO Opens at 34% after Pricing Well,” Wall Street Journal, June 29, 2011, http://www.marketwatch.com/story/homeaway-ipo-opens-up-34-after-pricing-well-2011-06-29. 3.
Bezonomics: How Amazon Is Changing Our Lives and What the World's Best Companies Are Learning From It by Brian Dumaine
activist fund / activist shareholder / activist investor, AI winter, Airbnb, Amazon Robotics, Amazon Web Services, Atul Gawande, autonomous vehicles, basic income, Bernie Sanders, Big Tech, Black Swan, call centre, Cambridge Analytica, carbon tax, Carl Icahn, Chris Urmson, cloud computing, corporate raider, creative destruction, Danny Hillis, data science, deep learning, Donald Trump, Elon Musk, Erik Brynjolfsson, Fairchild Semiconductor, fake news, fulfillment center, future of work, gig economy, Glass-Steagall Act, Google Glasses, Google X / Alphabet X, income inequality, independent contractor, industrial robot, Internet of things, Jeff Bezos, job automation, Joseph Schumpeter, Kevin Kelly, Kevin Roose, Lyft, Marc Andreessen, Mark Zuckerberg, military-industrial complex, money market fund, natural language processing, no-fly zone, Ocado, pets.com, plutocrats, race to the bottom, ride hailing / ride sharing, Salesforce, Sand Hill Road, self-driving car, shareholder value, Sheryl Sandberg, Silicon Valley, Silicon Valley startup, Snapchat, speech recognition, Steve Jobs, Stewart Brand, supply-chain management, TED Talk, Tim Cook: Apple, too big to fail, Travis Kalanick, two-pizza team, Uber and Lyft, uber lyft, universal basic income, warehouse automation, warehouse robotics, wealth creators, web application, Whole Earth Catalog, work culture
Jassy, who shadowed Bezos: Max Nisen, “Jeff Bezos Runs the Most Intense Mentorship Program in Tech,” Business Insider, October 17, 2013. If someone isn’t prepared: Stone, The Everything Store, 177. A few years later he left Amazon: Sarah Nassauer, “Wal-Mart to Acquire Jet.com for $3.3 Billion in Cash, Stock,” Wall Street Journal, August 8, 2016. Apple’s Steve Jobs was famous: Ira Flatow interview with Walter Isaacson, “ ‘Steve Jobs’: Profiling an Ingenious Perfectionist,” Talk of the Nation, NPR, November 11, 2011. In 2015, the New York Times ran a long piece: Jodi Kantor and David Streitfeld, “Inside Amazon: Wrestling Big Ideas in a Bruising Workplace,” New York Times, August 15, 2015.
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It’s now a direct competitor with Spotify, Pandora, and Apple Music. As Steve Boom, the vice president of Amazon Music, told The Verge: “I see us as one of the top global streaming services. I expect us to grow faster than everybody else.” And wouldn’t it be nice, thought Bezos, if his company could make ordering products, listening to Amazon Music, and watching Amazon Video easier for its customers. That led to the introduction in 2014 of the Amazon Echo with its AI voice assistant, Alexa. The Echo has sparked nothing less than the biggest shift in personal computing and communications since Steve Jobs unveiled the iPhone. The Echo uses artificial intelligence to listen to human queries, scan millions of words in an Internet-connected database, and provide answers from the profound to the mundane.
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With his S-team, the signal that Bezos seems to be sending to the world is that if something were to happen to him or if he retired (although no one believes that will happen anytime soon), Amazon has a deep bench of all-pro players who could step in and drive the company. Of course, it is unclear whether any of these talented executives have the vision, intuition, and genius of a Jeff Bezos. His leaving would doubtless be a negative for the company in the same way that Apple is still struggling to find its creative way after the death of Steve Jobs. That said, the message being sent to Wall Street—and bought into by some stock analysts—is that Amazon and its AI flywheel will keep rolling ahead even without Bezos. The amount of trust Bezos has in his S-team allows him to delegate tremendous amounts of autonomy to these executives and helps explain why Bezos has been able to manage a multi-industry business as large and complex as Amazon.
Age of Context: Mobile, Sensors, Data and the Future of Privacy by Robert Scoble, Shel Israel
Albert Einstein, Apple II, augmented reality, call centre, Chelsea Manning, cloud computing, connected car, driverless car, Edward Snowden, Edward Thorp, Elon Musk, factory automation, Filter Bubble, G4S, gamification, Google Earth, Google Glasses, Internet of things, job automation, John Markoff, Kickstarter, lifelogging, Marc Andreessen, Marc Benioff, Mars Rover, Menlo Park, Metcalfe’s law, New Urbanism, PageRank, pattern recognition, RFID, ride hailing / ride sharing, Robert Metcalfe, Salesforce, Saturday Night Live, self-driving car, sensor fusion, Silicon Valley, Skype, smart grid, social graph, speech recognition, Steve Jobs, Steve Wozniak, Steven Levy, Tesla Model S, Tim Cook: Apple, TSMC, ubercab, urban planning, Zipcar
How could a company, universally acclaimed for unmatched product elegance, make such an unmitigated gaffe? Some pointed to a bitter and public divorce between Apple and Google. Steve Jobs had considered Google Android to be a direct rip-off of Apple’s iOS operating system. Could Apple Maps have simply been a crudely devised and poorly executed act of revenge against a powerful former ally? We think not. In our view, Apple made a huge mistake, but it was strategically motivated and not part of a petty Silicon Valley vendetta. Although Google and Apple historically had lots of good reasons to be allies, they were destined to become the rivals they now are.
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Some years will pass before people look back and try to understand how they ever could have lived without such a device. Scoble tells audiences it’s like seeing the first Apple IIs as they rolled off the assembly line in 1977: They were like nothing people had seen before, but you couldn’t do much with them. Decision makers at HP and Atari weren’t interested in cutting a deal with Steve Wozniak and Steve Jobs for rights to market their new computer—the new, highly personalized devices were obviously too radically different to sell in significant quantity. Yet, it turned out a lot of people wanted them and the Apple II kicked off a 20-year explosion of invention and productivity that we now remember as the PC revolution.
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Newton today is remembered as Apple’s most titanic flop. It makes the more recent Maps gaffe seem like a mere speed bump. The device, named for the man who discovered gravity, almost took Apple down. Steve Jobs, of course, returned to Apple, and in less than a decade took it from near-death to become the world’s most valuable company. Arguably, his defining moment was the introduction of the iPhone in 2007. What people barely noticed was that Newton’s core technologies were used in the iPhone, and the device was in fact a greatly refined PDA. A lot happened between the death of the Newton and the rise of the iPhone: ten more years of Moore’s Law making technology more powerful, smaller and less expensive; ten more years of Metcalfe’s networks growing exponentially.
Late Bloomers: The Power of Patience in a World Obsessed With Early Achievement by Rich Karlgaard
Airbnb, Albert Einstein, Amazon Web Services, Apple's 1984 Super Bowl advert, behavioural economics, Bernie Madoff, Bob Noyce, book value, Brownian motion, Captain Sullenberger Hudson, cloud computing, cognitive dissonance, Daniel Kahneman / Amos Tversky, David Sedaris, deliberate practice, Electric Kool-Aid Acid Test, Elon Musk, en.wikipedia.org, experimental economics, Fairchild Semiconductor, fear of failure, financial independence, follow your passion, Ford Model T, Frederick Winslow Taylor, Goodhart's law, hiring and firing, if you see hoof prints, think horses—not zebras, Internet of things, Isaac Newton, Jeff Bezos, job satisfaction, knowledge economy, labor-force participation, Larry Ellison, longitudinal study, low skilled workers, Mark Zuckerberg, meta-analysis, Moneyball by Michael Lewis explains big data, move fast and break things, pattern recognition, Peter Thiel, power law, reality distortion field, Sand Hill Road, science of happiness, scientific management, shareholder value, Silicon Valley, Silicon Valley startup, Snapchat, Steve Jobs, Steve Wozniak, sunk-cost fallacy, tech worker, TED Talk, theory of mind, Tim Cook: Apple, Toyota Production System, unpaid internship, upwardly mobile, women in the workforce, working poor
John Torode started an airplane company, Vashon Aircraft, at seventy. Billionaire Dietrich Mateschitz, who spent ten years in college and worked as a ski instructor, founded energy drink maker Redbull at forty. And let’s not forget the greatest innovator of recent times: Steve Jobs. While not technically a late bloomer, his unparalleled second act, in which he launched the iPod, iTunes, iPhone, and iPad at Apple, came after he was forty-five. Can you imagine getting your big break in Hollywood at fifty-two? That’s what happened to Morgan Freeman. After years of toiling in community theater and small stage productions, he broke through in Driving Miss Daisy, with eighty-one-year-old Jessica Tandy—who, by the way, received her first Academy Award nomination for the film.
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Her acceptance into prestigious Stanford University was accompanied by a President’s Scholar award and a stipend for a research project of her choosing. Her summer job upon completing her freshman year at Stanford was at the Singapore Genome Institute. At eighteen, she applied for her first patent, a wearable drug-delivery patch. Exceptionally gifted, Holmes was also exceptionally driven. Her business hero was Steve Jobs, the prodigy who cofounded Apple and later led it to glory. She quickly adopted Jobs’s tropes and mannerisms. She wore black turtlenecks. She steepled her hands. Her slow-blinking stare, it was said, could bore holes through your eye sockets. She also took on Jobs’s less admirable traits. She ran Theranos like a police state, obsessed with preventing employees from talking about their work with each other.
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I swung my flashlight around for the source and soon found it—a Rottweiler in the lumberyard next door. Then it hit me. The security guard in the lumberyard next door was not another person, but a dog. The implication was sobering. I was twenty-five years old, a Stanford graduate. In a few months, Steve Jobs, also twenty-five, would take Apple public, change the computer industry, and become fabulously rich. I, on the other hand, was poor and stuck, and my professional colleague was a dog. That was me at twenty-five. Then everything changed for me. At twenty-six, my brain woke up—yes, it felt like that—and I managed to win a job as a technical writer at a research institute.
Wall Street Meat by Andy Kessler
accounting loophole / creative accounting, Alan Greenspan, Andy Kessler, automated trading system, banking crisis, Bob Noyce, George Gilder, index fund, Jeff Bezos, John Bogle, junk bonds, market bubble, Mary Meeker, Menlo Park, Michael Milken, Pepto Bismol, pets.com, Robert Metcalfe, rolodex, Salesforce, Sand Hill Road, Silicon Valley, Small Order Execution System, Steve Jobs, technology bubble, undersea cable, Y2K
First thing the next morning, we were up and at ’em, and off to an analyst meeting for Apple Computer. Arriving a few minutes early, we put our stuff down on seats in the back row of what was a rather small room. Within a few minutes, an entourage from Apple walked in and began mingling in the room. John Sculley, the ex-CEO of Pepsi whom Apple founder Steve Jobs had hired to turn around Apple, came over and talked to Bob and me. “Hi, I’m Bob Cornell and this is Andy Kessler.” I think we chatted about the stock market and Apple’s stock being down as well as IBM’s new PC AT machines. When the meeting started, John Sculley went over Apple’s outlook, their new products and financials.
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Bob shot me a smirk before asking in that deep booming voice out of his small body, “John, can you tell me about the management line-up at Apple?” Sculley looked a little agitated, then launched into a speech 16 Right 51% of the Time about some recent problems and turf wars in the company between various groups, and how he was brought in to run the company. He ended with the bombshell “I’ve got to run this company as I see fit and I need to lead this company and therefore, there is no place in Apple Computer for Steve Jobs.” That brought a hush to the crowd. There were a few more questions about future product direction and licensing the Mac operating system, which John Sculley deflected to Jean-Louis Gassee, who was the head of such things at Apple.
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There were a few more questions about future product direction and licensing the Mac operating system, which John Sculley deflected to Jean-Louis Gassee, who was the head of such things at Apple. Feigning ignorance of their strategy and even the English language, the Frenchman didn’t answer any questions. The meeting broke up, but management stuck around. Although I wanted to ask Monsieur Gassee about product issues, such as what chips they used, he stood in a corner, shrugging his shoulders, doing his best Inspector Clouseau imitation, repeating “I dieu nut kneeaauuww.” Sculley’s “no place for Steve Jobs” line was on the front page of every paper the next morning. Bob and I went to see several other companies, as well as to an Intel analyst meeting.
Game Over Press Start to Continue by David Sheff, Andy Eddy
"RICO laws" OR "Racketeer Influenced and Corrupt Organizations", affirmative action, air freight, Alexey Pajitnov wrote Tetris, Apple II, Apple's 1984 Super Bowl advert, Buckminster Fuller, game design, HyperCard, inventory management, James Watt: steam engine, Jaron Lanier, Marshall McLuhan, Mikhail Gorbachev, pattern recognition, profit motive, revision control, Ronald Reagan, Silicon Valley, Steve Jobs, Steve Wozniak, The Soul of a New Machine
When Bushnell did, he clashed with the Warner management on most issues. He says he wanted Atari’s new computer, the 800, to blow the inferior Apple II out of the water (partly as revenge, after he passed up on the opportunity to be a founding partner in Apple). However, while Steve Jobs was encouraging developers to write programs for the Apple II, Atari threatened to sue anyone who tried to make software for the 800. If customers wanted a spreadsheet or word processor for the 800, they had to buy Atari’s. Meanwhile, outside developers came out with software for the Apple II—VisiCalc spreadsheet, for one—that sold millions of the machines. Bushnell also disagreed with Warner’s handling of the videogame business.
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He named it “Pong,” after the sonar-like “pongs” that sounded each time the ball made contact with the paddle. In the fall of 1972, Bushnell placed “Pong,” the first commercial video-arcade game, with a coin box bolted to the outside, in Andy Capp’s tavern, a popular Sunnyvale pool bar that holds a place in Silicon Valley lore rivaled only by the garage in which Steve Jobs and Steve Wozniak invented the Apple computer. Set beside a pinball machine, “Pong” was an oddity, a dark wood cabinet that held a black-and-white TV screen on which cavorted a white blip like a shooting star in a black sky. One of the bar’s patrons stood over the machine, examining it. “Avoid missing ball for high score,” read the only line of instructions.
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Uemura modestly says that the plan worked so well because “we were lucky.” But Genyo Takeda, a friend of Uemura, says, “He was so much an amateur that when Yamauchi told him to make this thing, he didn’t know that it could not be done.” There were more practical and aesthetic decisions along the way. Steve Jobs’s obsession to design the perfect mouse for the original Macintosh was no greater than Yamauchi’s attention to the details of the controllers. Should there be one or two or more buttons? Should the system’s casing have round or square edges? What color should the system be—a computer-like gray or beige, or a more playful color?
B Is for Bauhaus, Y Is for YouTube: Designing the Modern World From a to Z by Deyan Sudjic
3D printing, additive manufacturing, Albert Einstein, Berlin Wall, Boeing 747, Boris Johnson, Buckminster Fuller, call centre, carbon footprint, clean water, company town, dematerialisation, deskilling, Easter island, edge city, Elon Musk, Frank Gehry, General Motors Futurama, Guggenheim Bilbao, illegal immigration, James Dyson, Jane Jacobs, Kitchen Debate, light touch regulation, market design, megastructure, moral panic, New Urbanism, place-making, QWERTY keyboard, Silicon Valley, Steve Jobs, Steve Wozniak, the scientific method, University of East Anglia, urban renewal, urban sprawl, young professional
There are plenty of stalls in Shanghai or Shenzhen where you can find alleged Rolex wristwatches complete with impressive-looking authenticating holograms that crumble the first time you try the winding mechanism. There are what look something like Apple iPods but which are not produced in the Shenzhen factory that assembles those sold by the company Steve Jobs and Steve Wozniak started in 1976. More worrying for Apple was the way in which Samsung was able to replicate not just the iPhone but also the iPad. Apple claimed that they are copyright infringements, rather than fakes. For a designer, authenticity has taken on a paradoxical aspect. An authentic design might be understood as a design which is more than merely not a fake.
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The ubiquity of the car has tended to innoculate us to its significance, but we do not have to consider a car as a piece of art to understand the huge impact it has had on the world. It is, for better or worse, the peak of the industrial culture that gave birth to the practice of modern design. Yet its power is waning. The Ford Motor Company, founded by Henry Ford, who was no more comfortable a personality than Steve Jobs, used to be the model of the modern corporation, with its company towns, its own orchestra, its own company uniform. Apple and Google have supplanted Ford and IBM as the model corporations that others seek to emulate. And while there are now companies around the globe who have managed to make cars more profitably, and more effectively, than Ford, they are essentially in the business of refining a mature product that may have a limited future.
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But we still simply don’t really know enough to understand the balance between the resources consumed by disposability and the resources saved by the versatility of appliances rendered immaterial by digitalization. In the 1960s, the critic Reyner Banham, the pop artists and the architect Peter Cook dreamed of an utterly guilt-free, liberated disposable future, unmonumental and unmaterialistic. It is just possible that Apple and Steve Jobs have given it to us. A new generation of what we still call video games allows enthusiasts to wallow in blood-splattered gore, but they are also a way for those with gentler interests to listen to music, to communicate, to explore the texture of the city. And in their complex modelling of space, architecture and urban form, they require of their creators both the literary and dramatic imagination of a scriptwriter and also the spatial perspective of an architect.
Brick by Brick: How LEGO Rewrote the Rules of Innovation and Conquered the Global Toy Industry by David Robertson, Bill Breen
barriers to entry, Blue Ocean Strategy, business logic, business process, Clayton Christensen, creative destruction, crowdsourcing, Day of the Dead, Dean Kamen, digital divide, disruptive innovation, financial independence, game design, global supply chain, Jeff Bezos, Kickstarter, Mark Zuckerberg, Minecraft, Rubik’s Cube, Silicon Valley, Steve Jobs, subscription business, systems thinking, The Wisdom of Crowds, Wall-E, work culture
Having seen how some of the business world’s most popular strategies for unleashing innovation almost destroyed their company, the LEGO Group’s leaders instead built a clear framework for guiding every kind of innovation effort, from improving today’s offerings to inventing tomorrow’s markets. The LEGO system for managing innovation also stands in stark contrast to Apple’s (or at least to the way that Apple’s is portrayed in the business press). Where Apple’s innovation management system was built around the brilliant but often difficult Steve Jobs, with Jobs the final arbiter of when a product was good enough to take to market, the LEGO system is far more decentralized. The Apple model, while inspiring, is hard to follow: find a peerless innovator, promote him to the top of the company, and give him the power to make the big decisions.
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As for the designers, they gradually discovered they were more creative with a smaller inventory. Though the idea runs counter to the notion that great design requires maximum freedom, LEGO designers found that the tighter range of components gave them even more definition and sufficient direction to come up with successful ideas. Apple’s designers made a similar discovery when Steve Jobs insisted that the iPhone needed only a single, minimalist control button. Jobs’ obsession with simplicity forced his designers to overcome complexity and innovate with less, which resulted in one of the past decade’s most iconic designs. Concluded Knudstorp: “Innovation flourishes when the space available for it is limited.
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.§ Rejecting many more ideas than he accepted, Godtfred kept the number of different LEGO shapes and colors in check during the first twenty years of the brick’s existence. His laserlike focus on doing just a few things extraordinarily well—such as designing solely for the brick—foreshadowed a key leadership lesson from another serial innovator, Steve Jobs, who famously quipped, “Innovation is saying no to a thousand things.”5 Knowing what to leave out—even when it’s really good—can sometimes deliver far better results. Take, for example, the LEGO Universal Building Set of 1977. The set consisted of just a few dozen shapes in only seven colors. Even so, its simplicity and utility made it a bestseller.
Big Blues: The Unmaking of IBM by Paul Carroll
accounting loophole / creative accounting, Fairchild Semiconductor, full employment, Gary Kildall, John Markoff, Mitch Kapor, popular electronics, Robert Metcalfe, ROLM, Ronald Reagan, Silicon Valley, six sigma, software patent, Steve Ballmer, Steve Jobs, Steven Levy, thinkpad, traveling salesman
By 1985, W ren had left the PC applications business in frustration. H er replacem ent decided it was unprofitable and killed it. W ith problem s mounting, Estridge was losing his sense of humor. Among other times, he blew when he saw an Apple C om puter poster that showed Kapor, Bill Gates, and F red Gibbons of Software Publish ing saying innocuously nice things about Apple’s new Macintosh in early 1984. Apple cofounder Steve Jobs had come up with a cute idea, putting the three up on the stage at a gathering in Hawaii to introduce the Mac to his employees. (As it happened, Estridge was staying at the hotel on vacation and bum ped into Jobs in the lobby.
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The value of an outside perspective can’t be overestimated, espe cially in the com puter business, where the technology changes so fast that letting a m anagem ent problem fester for even six months can leave a company with a line of products a whole generation behind competitors. W hen Apple ran into trouble in the mid-1980s, cofounder Steve Jobs might have run it into the ground if not for venture capitalist Mike Markkula. Markkula, a com puter industry veteran, knew enough to figure out quickly what the problems were and still owned enough of the company that he had the incentive to move fast, even if it meant hurting his friend Jobs. Markkula leaned on Apple’s new president, John Sculley, to do something about Jobs in 1985, and Apple recovered quickly. W hen H ewlett-Packard ran into milder problems in the early 1990s, cofounder David Packard suddenly reappeared on the scene, w andering the halls to figure out what the problems were and helping right the company.
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Overseas, the main Japanese companies prospered, but IBM em bar rassed most of its European com petitors— ICL in England, Bull in France, Olivetti in Italy. In the PC business, IBM blew by pioneer Tandy, which eventually quit the market, and almost put wordprocessing giant W ang out of business. Upstarts like Kaypro shot into view but faded nearly as fast. Even Apple, so totally identified with the personal com puter, ran into trouble so fast that cofounder Steve Jobs was shown the door. By the late 1980s, IBM executives would talk and talk and talk about how m uch they’d changed. But the will to change was long gone. The problem s showed up most startlingly in software, where IBM made a big share of its profits and considered itself to be the world leader in technology but w here Microsoft, a company that consisted of only a handful of kids in 1980, snatched the PC market from IBM.
The Narcissist Next Door by Jeffrey Kluger
Albert Einstein, always be closing, Anthropocene, Apollo 11, Apollo 13, Apple's 1984 Super Bowl advert, Bear Stearns, Bernie Madoff, Columbine, dark triade / dark tetrad, delayed gratification, Donald Trump, Elon Musk, impulse control, Jony Ive, longitudinal study, meta-analysis, mirror neurons, plutocrats, Ponzi scheme, QWERTY keyboard, Ralph Nader, Ronald Reagan, Schrödinger's Cat, Stanford marshmallow experiment, Stephen Hawking, Steve Jobs, the scientific method, theory of mind, Triangle Shirtwaist Factory, twin studies, Walter Mischel, zero-sum game
Still, there’s a subtler, more pervasive kind of institutional narcissism that creeps into the members of the company itself, and that can, over time, lead not just to arrogance but to the collapse or at least corrosion of the very qualities the group celebrates in itself. Steve Jobs was famous for his lack of concern for what consumers were thinking at the same time he was making them products they couldn’t resist. “A lot of times, people don’t know what they want until you show it to them,” the late Apple chief said. Some of that was true: A decade ago you probably couldn’t have envisioned the iPad, but once you saw one you’d practically kill to own it. But that same institutional arrogance led Jobs and Apple to make we-know-better choices that hurt them in the long run: sealing the iPhone and iPod case so that batteries couldn’t be replaced, requiring customers to use AT&T exclusively in the first few years of the iPhone’s release, force-feeding users the much-reviled first version of the Apple Maps app and deleting Google’s far better one when they upgraded.
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But that same institutional arrogance led Jobs and Apple to make we-know-better choices that hurt them in the long run: sealing the iPhone and iPod case so that batteries couldn’t be replaced, requiring customers to use AT&T exclusively in the first few years of the iPhone’s release, force-feeding users the much-reviled first version of the Apple Maps app and deleting Google’s far better one when they upgraded. A federal court’s 2013 ruling that Apple was guilty of fixing prices on e-books only weakened Apple’s hand and strengthened Amazon’s in a ferociously competitive market—a blunder that a humbler company might not have committed. Said Lawrence Buterman, a Department of Justice lawyer, after the ruling, “Apple told publishers that Apple—and only Apple—could get prices up in their industry.” Later Apple—and pretty much only Apple, among the makers of e-readers—paid the penalty for that.
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Dwight Eisenhower led the Allies to victory during World War II, and for that he was rightly celebrated. But if you don’t think he quietly enjoyed wearing an explosively beribboned uniform and a title like Supreme Allied Commander, you don’t know much about human nature. It is the same confidence—sometimes arrogance—that has allowed inventors and industrialists like Steve Jobs, Bill Gates and Elon Musk to press on in improbable ventures against extraordinary odds and create things that improve the world in big and meaningful ways, even if they make few friends doing it. Still, the heroic narcissist, the ingenious narcissist, the courageous narcissist are not the most common breeds.
The Internet Is Not the Answer by Andrew Keen
"World Economic Forum" Davos, 3D printing, A Declaration of the Independence of Cyberspace, Airbnb, AltaVista, Andrew Keen, AOL-Time Warner, augmented reality, Bay Area Rapid Transit, Berlin Wall, Big Tech, bitcoin, Black Swan, Bob Geldof, Boston Dynamics, Burning Man, Cass Sunstein, Charles Babbage, citizen journalism, Clayton Christensen, clean water, cloud computing, collective bargaining, Colonization of Mars, computer age, connected car, creative destruction, cuban missile crisis, data science, David Brooks, decentralized internet, DeepMind, digital capitalism, disintermediation, disruptive innovation, Donald Davies, Downton Abbey, Dr. Strangelove, driverless car, Edward Snowden, Elon Musk, Erik Brynjolfsson, fail fast, Fall of the Berlin Wall, Filter Bubble, Francis Fukuyama: the end of history, Frank Gehry, Frederick Winslow Taylor, frictionless, fulfillment center, full employment, future of work, gentrification, gig economy, global village, Google bus, Google Glasses, Hacker Ethic, happiness index / gross national happiness, holacracy, income inequality, index card, informal economy, information trail, Innovator's Dilemma, Internet of things, Isaac Newton, Jaron Lanier, Jeff Bezos, job automation, John Perry Barlow, Joi Ito, Joseph Schumpeter, Julian Assange, Kevin Kelly, Kevin Roose, Kickstarter, Kiva Systems, Kodak vs Instagram, Lean Startup, libertarian paternalism, lifelogging, Lyft, Marc Andreessen, Mark Zuckerberg, Marshall McLuhan, Martin Wolf, Mary Meeker, Metcalfe’s law, military-industrial complex, move fast and break things, Nate Silver, Neil Armstrong, Nelson Mandela, Network effects, new economy, Nicholas Carr, nonsequential writing, Norbert Wiener, Norman Mailer, Occupy movement, packet switching, PageRank, Panopticon Jeremy Bentham, Patri Friedman, Paul Graham, peer-to-peer, peer-to-peer rental, Peter Thiel, plutocrats, Potemkin village, power law, precariat, pre–internet, printed gun, Project Xanadu, RAND corporation, Ray Kurzweil, reality distortion field, ride hailing / ride sharing, Robert Metcalfe, Robert Solow, San Francisco homelessness, scientific management, Second Machine Age, self-driving car, sharing economy, Sheryl Sandberg, Silicon Valley, Silicon Valley billionaire, Silicon Valley ideology, Skype, smart cities, Snapchat, social web, South of Market, San Francisco, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, subscription business, TaskRabbit, tech bro, tech worker, TechCrunch disrupt, Ted Nelson, telemarketer, The future is already here, The Future of Employment, the long tail, the medium is the message, the new new thing, Thomas L Friedman, Travis Kalanick, Twitter Arab Spring, Tyler Cowen, Tyler Cowen: Great Stagnation, Uber for X, uber lyft, urban planning, Vannevar Bush, warehouse robotics, Whole Earth Catalog, WikiLeaks, winner-take-all economy, work culture , working poor, Y Combinator
See also “The Square People, Part Two,” New York Times, May 17, 2014. 2 Edward Luce, “America Must Dump Its Disrupters in 2014,” Financial Times, December 22, 2014. 3 Nick Cohen, “Beware the Lure of Mark Zuckerberg’s Cool Capitalism,” Observer, March 30, 2013. 4 Fred Turner, From Counterculture to Cyberculture (University of Chicago Press, 2008). 5 For more on Apple, Steve Jobs, and Foxconn, see my TechCrunchTV interview with Mike Daisey, who starred in the Broadway hit The Agony and Ecstasy of Steve Jobs: “Apple and Foxconn, TechCrunchTV, February 1, 2011. 6 Lyn Stuart Parramore, “What Does Apple Really Owe Taxpayers? A Lot, Actually,” Reuters, June 18, 2013. 7 Jo Confino, “How Technology Has Stopped Evolution and Is Destroying the World,” Guardian, July 11, 2013. 8 Alexis C.
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Silicon Valley is transforming itself into a medieval tableau—a jarring landscape of dreadfully impoverished and high-crime communities like East Palo Alto, littered with unemployed people on food stamps, interspersed with fantastically wealthy and entirely self-reliant tech-cities designed by world-famous architects such as Norman Foster and Frank Gehry. Apple, a company that has been accused of cheating the US government out of $44 billion in tax revenue between 2009 and 2012,82 is building a Norman Foster–designed $5 billion Silicon Valley headquarters that will feature a 2.8-million-square-foot circular, four-story building containing a 1,000-seat auditorium, a 3,000-seat café, and office space for 13,000 employees.83 Before he died, Steve Jobs described Foster’s design for the new building as looking a “little like a spaceship.” Elon Musk should take note.
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It’s a sixties nostalgia fantasy hosted by space cadets like Birch who appear to have seceded from both time and space. To borrow some of Apple’s most familiar marketing language, everybody now is supposed to “think different.” Unorthodoxy is the new orthodoxy in a world where the supposedly most different kind of thinkers—those who have escaped their traditional silo—are branded as the new rock stars. The only convention is to be unconventional and work for uncompanies, join unclubs, or attend unconferences. But today’s technology hipsters aren’t quite as cool as they imagine. Steve Jobs, the founding father of Silicon Valley’s “reality distortion field” and the original tech hipster, who idolized Bob Dylan and spent a summer in an ashram, also outsourced the manufacturing of Apple products in Foxconn’s notorious 430,000-person Shenzhen factory.5 And Jobs ran an astonishingly profitable company that, according to the US senator Carl Levin, has been cleverly avoiding paying the American government a million dollars of tax revenue per hour.6 Rather than “Think Different,” “Think Irresponsibly” might have been the mantra of the Apple accountants who organized this unethical and possibly even illegal scheme to avoid paying American tax.
Actionable Gamification: Beyond Points, Badges and Leaderboards by Yu-Kai Chou
Apple's 1984 Super Bowl advert, barriers to entry, behavioural economics, bitcoin, Burning Man, Cass Sunstein, crowdsourcing, Daniel Kahneman / Amos Tversky, delayed gratification, Do you want to sell sugared water for the rest of your life?, don't be evil, en.wikipedia.org, endowment effect, Firefox, functional fixedness, game design, gamification, growth hacking, IKEA effect, Internet of things, Kickstarter, late fees, lifelogging, loss aversion, Maui Hawaii, Minecraft, pattern recognition, peer-to-peer, performance metric, QR code, recommendation engine, Richard Thaler, Silicon Valley, Skinner box, Skype, software as a service, Stanford prison experiment, Steve Jobs, TED Talk, The Wealth of Nations by Adam Smith, transaction costs
Advertising Age named it the 1980s Commercial of the Decade, and it continues to rank high on lists of the most influential commercials of all time. 7 Afterwards, Apple’s internal team calculated the amount of free airtime that the commercial garnered. They estimated that the total value was about $150 million worth of derived airtime. Within three months of the commercial’s appearance, Apple would sell $155 million worth of Macintoshes, establishing itself as the revolutionary computer company on the block. The second extraordinarily successful Apple marketing campaign to resonate with people was the “Think Different” campaign. This commercial ran in 1998, not long after Apple’s Founder, Steve Jobs returned to the board at the end of 1996. 8 At the time, Apple was a struggling company, and a dying brand.
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In fall 2011, he was a moderate Foursquare user. On the day of Steve Jobs passing, many people flooded the Apple Store in Palo Alto to lay down flowers and leave commemorative messages on the walls. Mario was at the Apple store and decided to check-in on Foursquare. Unexpectedly, he unlocked a new badge that was titled “Jobs” with the subtext, “Here’s to the crazy ones. #ThankYouSteve“ As far as we know, this is a badge that can only be earned in a few places, in a very narrow window of time. As you may expect, this was a huge surprise for Mario (not detracting from the somber event of Steve Job’s passing) that motivated him to check-in on Foursquare at more places and further compelled him to often talk about this experience to the point where I am now sharing it in this book.
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When Steve Jobs wanted to recruit Pepsi executive John Sculley into Apple as the new CEO, he famously said, “Do you want to spend the rest of your life selling sugar water, or do you want a chance to change the world?” Boom! That was a powerful FOMO Punch that prompted Sculley to think he would miss out on the opportunity of a lifetime if he “wasted” the rest of his career at Pepsi. He later remembers, “I just gulped because I knew I would wonder for the rest of my life what I would have missed.”13 (Ironically, Sculley’s lasting legacy would likely be known as the guy who fired Steve Jobs and ran Apple into the ground - just for Steve Jobs to return and resurrect).
How I Built This: The Unexpected Paths to Success From the World's Most Inspiring Entrepreneurs by Guy Raz
Airbnb, AOL-Time Warner, Apple II, barriers to entry, Bear Stearns, Ben Horowitz, Big Tech, big-box store, Black Monday: stock market crash in 1987, Blitzscaling, business logic, call centre, Clayton Christensen, commoditize, Cornelius Vanderbilt, Credit Default Swap, crowdsourcing, data science, East Village, El Camino Real, Elon Musk, fear of failure, glass ceiling, growth hacking, housing crisis, imposter syndrome, inventory management, It's morning again in America, iterative process, James Dyson, Jeff Bezos, Justin.tv, Kickstarter, low cost airline, Lyft, Marc Andreessen, Mark Zuckerberg, move fast and break things, Nate Silver, Paul Graham, Peter Thiel, pets.com, power law, rolodex, Ronald Reagan, Ruby on Rails, Salesforce, Sam Altman, Sand Hill Road, side hustle, Silicon Valley, software as a service, South of Market, San Francisco, Steve Jobs, Steve Wozniak, subprime mortgage crisis, TED Talk, The Signal and the Noise by Nate Silver, Tony Hsieh, Uber for X, uber lyft, Y Combinator, Zipcar
Having somebody who you totally trust, who’s totally committed, who shares your vision and yet has a little bit different set of skills, and also acts as a check on you—and just the benefit of sparking off of somebody who’s got that kind of brilliance—it’s not only made it fun, but it’s really led to a lot of success.” In a 1985 Playboy interview, Apple co-founder Steve Jobs talked about the importance of both his partner Steve Wozniak’s differing interests and their shared lack of a vision. “Neither of us had any idea that this would go anywhere,” Jobs said. “Woz was motivated by figuring things out. He concentrated more on the engineering and proceeded to do one of his most brilliant pieces of work, which was the disk drive that made the Apple II a possibility. I was trying to build the company . . . I don’t think it would have happened without Woz and I don’t think it would have happened without me.”
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The great irony, of course, is that the history of modern entrepreneurship is littered with the stories of founders whose success we roundly celebrate today but whose loved ones worried in the beginning about the same thing that Jim did—that they’d waste their lives—but only if they did take that leap in pursuit of their ideas. When Steve Jobs and Bill Gates dropped out of college in 1972 and 1975, respectively, to go on to found Apple and Microsoft, you can be sure their parents weren’t high-fiving and sleeping soundly those first years, just as Mark Zuckerberg’s parents weren’t a generation later when he left school to start Facebook. Or Evan Williams’s parents, when he left the University of Nebraska after a year and a half to work in the nascent tech startup sector before eventually founding Blogger and Twitter and then Medium.
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Find Your Co-founder “It seems unlikely”: Paul Graham, “The 18 Mistakes That Kill Startups,” Paulgraham.com, October 2006, http://paulgraham.com/startupmistakes.html. “My best business decisions”: “Buffett & Gates on Success,” University of Washington, 1997, YouTube, https://www.youtube.com/watch?v=ldPh0_zEykU&feature=youtu.be&t=2583. “Neither of us had any idea”: David Sheff, “Playboy Interview: Steve Jobs,” Playboy, February 1985, available at Atavist, http://reprints.longform.org/playboy-interview-steve-jobs. “Starting a startup”: Graham, “The 18 Mistakes That Kill Startups.” 6. Fund the Business, Part 1: Bootstrapping “i thought of a way”: Rebecca Aydin, “How 3 Guys Turned Renting Air Mattresses in Their Apartment Into a $31 Billion Company, Airbnb,” Business Insider, September 20, 2019, https://www.businessinsider.com/how-airbnb-was-founded-a-visual-history-2016-2.
Alpha Girls: The Women Upstarts Who Took on Silicon Valley's Male Culture and Made the Deals of a Lifetime by Julian Guthrie
"Susan Fowler" uber, "World Economic Forum" Davos, Airbnb, Alan Greenspan, Andy Rubin, Apollo 11, Apple II, barriers to entry, Bear Stearns, Benchmark Capital, blockchain, Bob Noyce, call centre, cloud computing, credit crunch, deal flow, disruptive innovation, Elon Musk, equal pay for equal work, Fairchild Semiconductor, fear of failure, game design, Gary Kildall, glass ceiling, hiring and firing, information security, Jeff Bezos, Larry Ellison, Louis Pasteur, Lyft, Marc Benioff, Mark Zuckerberg, Menlo Park, Mitch Kapor, new economy, PageRank, peer-to-peer, pets.com, phenotype, place-making, private spaceflight, retail therapy, ROLM, Ronald Reagan, Rosa Parks, Salesforce, Sand Hill Road, Sheryl Sandberg, Silicon Valley, Silicon Valley startup, Skype, Snapchat, software as a service, South of Market, San Francisco, stealth mode startup, Steve Jobs, Steve Jurvetson, Steve Wozniak, Susan Wojcicki, TaskRabbit, Teledyne, Tim Cook: Apple, Timothy McVeigh, Travis Kalanick, uber lyft, unpaid internship, upwardly mobile, urban decay, UUNET, web application, William Shockley: the traitorous eight, women in the workforce
Even before she finished her master’s degree, Magdalena had gone to seven job interviews and received seven offers. Her first interview had been with Steve Jobs and Steve Wozniak of Apple. The founders invited double-e students to the LOTS computer center to hear a pitch about their three-year-old company. If the students liked what they heard, they could stay and be interviewed. Jobs, wearing wire-rimmed glasses and jeans, told Magdalena and the other double-e students that working for Apple would be like “an extension of college.” Magdalena was one of sixteen students who showed up for the interview. She loved the idea of working for Apple. Jobs had dropped out of college and spent time studying Hinduism and Buddhism in India.
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The top floor was old, and the floor was slanted—a marble would roll from one end of the kitchen to the other—but it had a treasured view of the landmark CITGO sign near Fenway Park. They each paid $500 a month, and often did the dishes while singing along to their favorite song, “Push It,” by Salt-N-Pepa. Sonja had taped a picture of Apple Computer founder Steve Jobs up on the fridge. She thought he was “the cat’s meow.” Her father had been right—there was life after high school. During her teenage years in Charlottesville, Virginia, some of the girls had her disinvited to prom because she was “too straight.” She didn’t drink or do drugs and didn’t believe in casual sex.
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It was here that the “traitorous eight” had left the manic but brilliant William Shockley to start Fairchild Semiconductor and later Intel. Here a marijuana- and hot-tub-loving Nolan Bushnell had met Sequoia Capital founder Don Valentine to fund Atari. Here Arthur Rock, at first reluctantly, had provided funds and advice to a scruffy and “very unappealing” Steve Jobs to build Apple. Here venture capitalist Tom Perkins and scientist Bob Swanson had started Genentech. It was on Sand Hill Road that Dave Marquardt’s early investment in Microsoft had yielded a bonus of a new red Ferrari, and where Larry Ellison incubated a start-up called Oracle, getting a loan from VC Don Lucas to keep the relational database company going.
The Filter Bubble: What the Internet Is Hiding From You by Eli Pariser
A Declaration of the Independence of Cyberspace, A Pattern Language, adjacent possible, Amazon Web Services, An Inconvenient Truth, Apple Newton, augmented reality, back-to-the-land, Black Swan, borderless world, Build a better mousetrap, Cass Sunstein, citizen journalism, cloud computing, cognitive dissonance, crowdsourcing, Danny Hillis, data acquisition, disintermediation, don't be evil, Filter Bubble, Flash crash, fundamental attribution error, Gabriella Coleman, global village, Haight Ashbury, Internet of things, Isaac Newton, Jaron Lanier, Jeff Bezos, jimmy wales, John Perry Barlow, Kevin Kelly, knowledge worker, Mark Zuckerberg, Marshall McLuhan, megacity, Metcalfe’s law, Netflix Prize, new economy, PageRank, Paradox of Choice, Patri Friedman, paypal mafia, Peter Thiel, power law, recommendation engine, RFID, Robert Metcalfe, sentiment analysis, shareholder value, Sheryl Sandberg, Silicon Valley, Silicon Valley startup, social graph, social software, social web, speech recognition, Startup school, statistical model, stem cell, Steve Jobs, Steven Levy, Stewart Brand, technoutopianism, Ted Nordhaus, The future is already here, the scientific method, urban planning, We are as Gods, Whole Earth Catalog, WikiLeaks, Y Combinator, Yochai Benkler
Each person who visited saw a different set of links in the box—the Washington Post links their friends had shared on Facebook. The Post was letting Facebook edit its most valuable online asset: its front page. The New York Times soon followed suit. The new feature was one piece of a much bigger rollout, which Facebook called “Facebook Everywhere” and announced at its annual conference, f8 (“fate”). Ever since Steve Jobs sold the Apple by calling it “insanely great,” a measure of grandiosity has been part of the Silicon Valley tradition. But when Zuckerberg walked onto the stage on April 21, 2010, his words seemed plausible. “This is the most transformative thing we’ve ever done for the web,” he announced. The aim of Facebook Everywhere was simple: make the whole Web “social” and bring Facebook-style personalization to millions of sites that currently lack it.
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This leads to the final way in which the future of media is likely to be different than we expected. Since its early days, Internet evangelists have argued that it was an inherently active medium. “We think basically you watch television to turn your brain off, and you work on your computer when you want to turn your brain on,” Apple founder Steve Jobs told Macworld in 2004. Among techies, these two paradigms came to be known as push technology and pull technology. A Web browser is an example of pull technology: You put in an address, and your computer pulls information from that server. Television and the mail, on the other hand, are push technologies: The information shows up on the tube or at your doorstop without any action on your end.
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Like the music service Pandora, LeanBack viewers can easily skip videos and give the viewer feedback for picking the next videos—thumbs up for this one, thumbs down for these three. LeanBack would learn. Over time, the vision is for LeanBack to be like your own personal TV channel, stringing together content you’re interested in while requiring less and less engagement from you. Steve Jobs’s proclamation that computers are for turning your brain on may have been a bit too optimistic. In reality, as personalized filtering gets better and better, the amount of energy we’ll have to devote to choosing what we’d like to see will continue to decrease. And while personalization is changing our experience of news, it’s also changing the economics that determine what stories get produced.
Competition Demystified by Bruce C. Greenwald
additive manufacturing, airline deregulation, AltaVista, AOL-Time Warner, asset allocation, barriers to entry, book value, business cycle, creative destruction, cross-subsidies, deindustrialization, discounted cash flows, diversified portfolio, Do you want to sell sugared water for the rest of your life?, Everything should be made as simple as possible, fault tolerance, intangible asset, John Nash: game theory, Nash equilibrium, Network effects, new economy, oil shock, packet switching, PalmPilot, Pepsi Challenge, pets.com, price discrimination, price stability, revenue passenger mile, search costs, selective serotonin reuptake inhibitor (SSRI), shareholder value, Silicon Valley, six sigma, Steve Jobs, transaction costs, vertical integration, warehouse automation, yield management, zero-sum game
The diagram in figure 4.5 was produced by and for John Sculley and the rest of Apple management in the early 1990s. It was intended to describe the structure of the information industry, but the result was too complicated to be useful. Apple went everywhere and nowhere. For the year ending September 2003, its sales were still down more than 40 percent from 1995 and it earned no operating income. For all of Steve Jobs’s brilliance and the elegance of Apple’s product design, it seems consigned to always push uphill against the advantages of Microsoft and Intel. In the PC industry, Apple is going nowhere. FIGURE 4.5 The Apple vision In the approach we recommend here, the central question is whether, in the market in which the firm operates or is considering entering, competitive advantages exist.
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By concentrating on operating efficiency in an environment without competitive advantages, Compaq grew larger than Apple and enjoyed some profitable years. Apple floundered (table6.3). Even with a marketing genius of Steve Jobs’s caliber, Apple’s unfocused pursuit of broad but illusory competitive advantages denied it the benefits of specialization and clarity of managerial focus. As we have seen, Compaq’s revival was short-lived. It could not sustain the cost discipline that returned it to profitability, and ultimately it was absorbed by Hewlett-Packard. TABLE 6.3 Compaq and Apple, 1991 and 1997 Compaq Apple Sales in $ billions, 1991 $ 3.6 $6.3 Sales in $ billions, 1997 $24.6 $7.1 Average operating margin 10.2% 1.7% CHAPTER 7 Production Advantages Lost Compact Discs, Data Switches, and Toasters PHILIPS DEVELOPS THE COMPACT DISC Philips N.V., a multinational conglomerate based in the Netherlands, has a long history in the consumer electronics business.
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Identifying the sources of competitive advantages should help predict their likely sustainability, a necessary step for both incumbents and potential entrants when formulating their strategies. The three-step procedure for assessing competitive advantage is depicted in figure 4.1. THE STEPS IN PRACTICE: A LOOK AT THE FUTURE OF APPLE COMPUTER Now let’s use this procedure to look at Apple Computer. We will review its past and forecast its likely future. In its history, Apple has chosen strategies that have involved it in almost every important segment of the personal computer (PC) industry. The visionaries at Apple, first Steve Jobs, then John Sculley, then Jobs in his second tenure, have at times sought to revolutionize not simply the PC industry itself, including most of the hardware and software segments, but also the related areas of personal communications and consumer electronics.
Only Humans Need Apply: Winners and Losers in the Age of Smart Machines by Thomas H. Davenport, Julia Kirby
"World Economic Forum" Davos, AI winter, Amazon Robotics, Andy Kessler, Apollo Guidance Computer, artificial general intelligence, asset allocation, Automated Insights, autonomous vehicles, basic income, Baxter: Rethink Robotics, behavioural economics, business intelligence, business process, call centre, carbon-based life, Clayton Christensen, clockwork universe, commoditize, conceptual framework, content marketing, dark matter, data science, David Brooks, deep learning, deliberate practice, deskilling, digital map, disruptive innovation, Douglas Engelbart, driverless car, Edward Lloyd's coffeehouse, Elon Musk, Erik Brynjolfsson, estate planning, financial engineering, fixed income, flying shuttle, follow your passion, Frank Levy and Richard Murnane: The New Division of Labor, Freestyle chess, game design, general-purpose programming language, global pandemic, Google Glasses, Hans Lippershey, haute cuisine, income inequality, independent contractor, index fund, industrial robot, information retrieval, intermodal, Internet of things, inventory management, Isaac Newton, job automation, John Markoff, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, Joi Ito, Khan Academy, Kiva Systems, knowledge worker, labor-force participation, lifelogging, longitudinal study, loss aversion, machine translation, Mark Zuckerberg, Narrative Science, natural language processing, Nick Bostrom, Norbert Wiener, nuclear winter, off-the-grid, pattern recognition, performance metric, Peter Thiel, precariat, quantitative trading / quantitative finance, Ray Kurzweil, Richard Feynman, risk tolerance, Robert Shiller, robo advisor, robotic process automation, Rodney Brooks, Second Machine Age, self-driving car, Silicon Valley, six sigma, Skype, social intelligence, speech recognition, spinning jenny, statistical model, Stephen Hawking, Steve Jobs, Steve Wozniak, strong AI, superintelligent machines, supply-chain management, tacit knowledge, tech worker, TED Talk, the long tail, transaction costs, Tyler Cowen, Tyler Cowen: Great Stagnation, Watson beat the top human players on Jeopardy!, Works Progress Administration, Zipcar
He notes, “The doctor must be particularly alert for the famous ‘last minute’ of an appointment when the patient, on his way out the door, looks over his shoulder and says ‘By the way, my wife says I should tell you about this pain I have in my stomach.’”6 Levy’s MIT colleagues Erik Brynjolfsson and Andy McAfee agree with pattern recognition and complex communication as uniquely human traits, and they add a third: ideation. “Scientists come up with new hypotheses,” they write. “Chefs add a new dish to the menu. Engineers on a factory floor figure out why a machine is no longer working properly. Steve Jobs and his colleagues at Apple figure out what kind of tablet computer we actually want. Many of these activities are supported and accelerated by computers, but none are driven by them.” There is a common thread in all these thinkers’ categories, and it has everything to do with the codification mentioned earlier.
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The intent is never to have less work for those expensive, high-maintenance humans. It is always to allow them to do more valuable work. Wheels for the Mind We are not the first to think that machines should be designed and built to make people more capable, not to make them redundant. For example, when he was a young man, Steve Jobs shared some of the philosophy behind his work at Apple, starting with the observation that what “really separates us from the high primates is that we’re tool builders.” Jobs had seen a study that compared various species in terms of their efficiency of locomotion; it showed, for example, that the condor used the least energy to move a kilometer.
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Meanwhile, employment of interior designers is projected (by the U.S. Bureau of Labor Statistics) to expand by 19 percent from 2008 to 2018, faster than most other jobs. Before we leave the subject of taste, we shouldn’t neglect to mention Steve Jobs again. It might strike you as odd that, in a book about the encroachment of computers into knowledge work, the name of Apple’s iconic founder would come up in the chapter devoted to stepping aside. But note that whenever Jobs’s genius is mentioned, the emphasis is on his sensibilities—his taste. No one denies he had strong technical knowledge, but according to his cofounder, Steve Wozniak, “Steve didn’t ever code.
The Pirate's Dilemma by Matt Mason
Albert Einstein, augmented reality, barriers to entry, blood diamond, citizen journalism, creative destruction, digital divide, don't be evil, Donald Trump, Douglas Engelbart, East Village, Firefox, Free Software Foundation, future of work, glass ceiling, global village, Hacker Ethic, haute couture, Howard Rheingold, Internet of things, invisible hand, Isaac Newton, jimmy wales, job satisfaction, John Markoff, John Perry Barlow, Joseph Schumpeter, Kickstarter, Lao Tzu, Marshall McLuhan, means of production, Naomi Klein, new economy, New Urbanism, patent troll, peer-to-peer, prisoner's dilemma, public intellectual, RAND corporation, RFID, Richard Florida, Richard Stallman, SETI@home, side hustle, Silicon Valley, South China Sea, Stephen Hawking, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, the long tail, Tim Cook: Apple, urban sprawl, Whole Earth Catalog
If we also consider that over 800 million mobile phones are sold every year, which will all be able to receive music, and study the growth of new technologies and their application in the last century, the industry should be confident.” The jury is still out on Jenner’s solution, but EMI and Universal became the first major labels to begin selling MP3s without DRM encryption in 2007. That February, Apple’s Steve Jobs made a plea to all the record companies to abolish DRM completely, saying it was “clearly the best alternative for consumers, and Apple would embrace it in a heartbeat.” John Kennedy, Boundaries | 161 the CEO of the IFPI (the International Federation of Phonograph Industries), summed up the music industry’s new position on the Pirate’s Dilemma it faced: “At long last the threat has become the opportunity.”
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Andrew Orlowski, “Big labels are f*cked, and DRM is dead—Peter Jenner,” The Register, November 3, 2006. http://www.theregister.co.uk/2006/11/03/peter _jenner/. 262 | Notes Peter Jenner, As quoted in Beyond the Soundbytes, The MusicTank Report (Executive Summary) (London: MusicTank, August 2006). Steve Jobs, “Thoughts on Music,” Apple.com, February 6, 2007. http://www .apple.com/hotnews/thoughtsonmusic/. Richard Hillesley, “Internet Killed the Video Star?” Tuxdeluxe.org, April 27, 2007. http://www.tuxdeluxe.org/node/170. Pages 161–162 Adrian Bowyer, interview by author, June 10, 2006. Page 163 Stephanie Dunnewind, “Teachers are reaching out to students with a new class of blogs,” Seattle Times, October 14, 2006. http://seattletimes.nwsource.com/ html/living/2003303937_teachblog14.html.
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This power shift changes the way we think about our business, industry, and our viewers. We have to build our businesses around their behavior and their interests,” she said. “All of us have to continually renew our business in order to renew our brands because audiences have the upper hand and show no sign of giving it back.” Steve Jobs of Apple backed up Disney’s sentiment, telling Newsweek, “If you want to stop piracy, the way to stop it is by competing with it.” Trolling Deep If suing customers for consuming pirate copies becomes central to a company or industry’s business model, then the truth is that that company or industry no longer has a competitive business model.
Narrative Economics: How Stories Go Viral and Drive Major Economic Events by Robert J. Shiller
agricultural Revolution, Alan Greenspan, Albert Einstein, algorithmic trading, Andrei Shleifer, autism spectrum disorder, autonomous vehicles, bank run, banking crisis, basic income, behavioural economics, bitcoin, blockchain, business cycle, butterfly effect, buy and hold, Capital in the Twenty-First Century by Thomas Piketty, Cass Sunstein, central bank independence, collective bargaining, computerized trading, corporate raider, correlation does not imply causation, cryptocurrency, Daniel Kahneman / Amos Tversky, debt deflation, digital divide, disintermediation, Donald Trump, driverless car, Edmond Halley, Elon Musk, en.wikipedia.org, Ethereum, ethereum blockchain, fake news, financial engineering, Ford Model T, full employment, George Akerlof, germ theory of disease, German hyperinflation, Great Leap Forward, Gunnar Myrdal, Gödel, Escher, Bach, Hacker Ethic, implied volatility, income inequality, inflation targeting, initial coin offering, invention of radio, invention of the telegraph, Jean Tirole, job automation, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, litecoin, low interest rates, machine translation, market bubble, Modern Monetary Theory, money market fund, moral hazard, Northern Rock, nudge unit, Own Your Own Home, Paul Samuelson, Philip Mirowski, plutocrats, Ponzi scheme, public intellectual, publish or perish, random walk, Richard Thaler, Robert Shiller, Ronald Reagan, Rubik’s Cube, Satoshi Nakamoto, secular stagnation, shareholder value, Silicon Valley, speech recognition, Steve Jobs, Steven Pinker, stochastic process, stocks for the long run, superstar cities, The Rise and Fall of American Growth, The Theory of the Leisure Class by Thorstein Veblen, The Wealth of Nations by Adam Smith, theory of mind, Thorstein Veblen, traveling salesman, trickle-down economics, tulip mania, universal basic income, Watson beat the top human players on Jeopardy!, We are the 99%, yellow journalism, yield curve, Yom Kippur War
Part of the answer was the timing: the publisher wisely dropped it into the market just weeks after Jobs’s death, allowing the news media narrative of his death to interact with the talk about the book. Interestingly, the Steve Jobs narrative makes it appear that Jobs, a real human being with quirks that no one would program into a robot, was totally indispensable for Apple Computer. Jobs’s own story therefore became appealing to people who worry about their own possible obsolescence. He founded the company but was forced out, the story goes, because drab managerial types could not tolerate his eccentricities. When Apple began to fail, he was called back and breathed new life into the company, which is today one of the most successful in the world. The Steve Jobs narrative is a fantasy for people who don’t quite fit into conventional society, as many people with inflated egos but modest success in life may see themselves.
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See also boycott narrative anger at oil crisis of 1970s, 256 animal spirits: business confidence and, xvi; Keynes’s idea of, 138 Animal Spirits (Akerlof and Shiller), 64 Anthropology: creation myths in, 15; economists learning from, 78 Apple Computer: Siri and, 8, 206–7, 287; Steve Jobs and, 208–9 Arab oil embargo of 1973, 256 archetypes, Jungian, 15 ARIMA (autoregressive integrated moving average) models, 295, 322n9 Aristotle, 174–75 Arkright, Frank, 193 Arkwright, Richard, 193 artificial intelligence, in narrative economics research, 276, 287 artificial intelligence narrative, 196, 197f, 199, 211. See also robots Atari, 203 Atlas Shrugged (Rand), 50 autism spectrum disorder, narrative disruption in, 66 Automata (Hero of Alexandria), 175 automated assistants, 8. See also Siri (Apple) automation narrative: difference from labor-saving machinery narrative, 199; as epidemic around 1955–66, 199–202; mutated in recessions of early 1980s, 204; with new catchphrases in 2000s, 205; offices and, 204; percentage of articles containing automation, 197f; post–World War II, 196; robots and, 191; second scare during 1980s, 202–4; surge in fears beginning around 2016, 206–8; third spike in concern around 1995, 204–5; unemployment and, 199–200, 204.
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Historian Yuval Noah Harari describes this narrative as leading toward a “growing fear of irrelevance” of ourselves and worries about falling into a “new useless class.”23 If they grow into a sizable epidemic, such existential fears certainly have the potential to affect economic confidence and thus the economy. Of Jobs and Steve Jobs The story of Steve Jobs is a remarkable narrative that ties into the fear of job loss to mechanization. His story was told in many books that appeared around the time of the 2007–9 world financial crisis. Particularly notable was the 2011 book Steve Jobs by Walter Isaacson, which sold 379,000 copies in its first week on sale,24 became a number-one New York Times best seller, and has over 6,500 reviews on Amazon with an average ranking of 4.5 stars out of 5.
WTF?: What's the Future and Why It's Up to Us by Tim O'Reilly
"Friedman doctrine" OR "shareholder theory", 4chan, Affordable Care Act / Obamacare, Airbnb, AlphaGo, Alvin Roth, Amazon Mechanical Turk, Amazon Robotics, Amazon Web Services, AOL-Time Warner, artificial general intelligence, augmented reality, autonomous vehicles, barriers to entry, basic income, behavioural economics, benefit corporation, Bernie Madoff, Bernie Sanders, Bill Joy: nanobots, bitcoin, Blitzscaling, blockchain, book value, Bretton Woods, Brewster Kahle, British Empire, business process, call centre, Capital in the Twenty-First Century by Thomas Piketty, Captain Sullenberger Hudson, carbon tax, Carl Icahn, Chuck Templeton: OpenTable:, Clayton Christensen, clean water, cloud computing, cognitive dissonance, collateralized debt obligation, commoditize, computer vision, congestion pricing, corporate governance, corporate raider, creative destruction, CRISPR, crowdsourcing, Danny Hillis, data acquisition, data science, deep learning, DeepMind, Demis Hassabis, Dennis Ritchie, deskilling, DevOps, Didi Chuxing, digital capitalism, disinformation, do well by doing good, Donald Davies, Donald Trump, Elon Musk, en.wikipedia.org, Erik Brynjolfsson, fake news, Filter Bubble, Firefox, Flash crash, Free Software Foundation, fulfillment center, full employment, future of work, George Akerlof, gig economy, glass ceiling, Glass-Steagall Act, Goodhart's law, Google Glasses, Gordon Gekko, gravity well, greed is good, Greyball, Guido van Rossum, High speed trading, hiring and firing, Home mortgage interest deduction, Hyperloop, income inequality, independent contractor, index fund, informal economy, information asymmetry, Internet Archive, Internet of things, invention of movable type, invisible hand, iterative process, Jaron Lanier, Jeff Bezos, jitney, job automation, job satisfaction, John Bogle, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, John Zimmer (Lyft cofounder), Kaizen: continuous improvement, Ken Thompson, Kevin Kelly, Khan Academy, Kickstarter, Kim Stanley Robinson, knowledge worker, Kodak vs Instagram, Lao Tzu, Larry Ellison, Larry Wall, Lean Startup, Leonard Kleinrock, Lyft, machine readable, machine translation, Marc Andreessen, Mark Zuckerberg, market fundamentalism, Marshall McLuhan, McMansion, microbiome, microservices, minimum viable product, mortgage tax deduction, move fast and break things, Network effects, new economy, Nicholas Carr, Nick Bostrom, obamacare, Oculus Rift, OpenAI, OSI model, Overton Window, packet switching, PageRank, pattern recognition, Paul Buchheit, peer-to-peer, peer-to-peer model, Ponzi scheme, post-truth, race to the bottom, Ralph Nader, randomized controlled trial, RFC: Request For Comment, Richard Feynman, Richard Stallman, ride hailing / ride sharing, Robert Gordon, Robert Metcalfe, Ronald Coase, Rutger Bregman, Salesforce, Sam Altman, school choice, Second Machine Age, secular stagnation, self-driving car, SETI@home, shareholder value, Silicon Valley, Silicon Valley startup, skunkworks, Skype, smart contracts, Snapchat, Social Responsibility of Business Is to Increase Its Profits, social web, software as a service, software patent, spectrum auction, speech recognition, Stephen Hawking, Steve Ballmer, Steve Jobs, Steven Levy, Stewart Brand, stock buybacks, strong AI, synthetic biology, TaskRabbit, telepresence, the built environment, the Cathedral and the Bazaar, The future is already here, The Future of Employment, the map is not the territory, The Nature of the Firm, The Rise and Fall of American Growth, The Wealth of Nations by Adam Smith, Thomas Davenport, Tony Fadell, Tragedy of the Commons, transaction costs, transcontinental railway, transportation-network company, Travis Kalanick, trickle-down economics, two-pizza team, Uber and Lyft, Uber for X, uber lyft, ubercab, universal basic income, US Airways Flight 1549, VA Linux, warehouse automation, warehouse robotics, Watson beat the top human players on Jeopardy!, We are the 99%, web application, Whole Earth Catalog, winner-take-all economy, women in the workforce, Y Combinator, yellow journalism, zero-sum game, Zipcar
But arguably the most important thing that Amazon did was to turn its e-commerce application into a cloud computing platform on which the bulk of Silicon Valley startups operate; as the cloud model has matured, large, established enterprises have migrated to it as well. The lessons of this business transformation alone could fill a book (and will be the subject of a later chapter in this one). Apple led the generational shift from the personal computer to the smartphone, and from the web to mobile apps. The iPhone is the platform where most cutting-edge applications are first launched. While Apple’s flood of innovations seems to have slowed since the death of Steve Jobs, it remains a dominant player in the mobile market, and its design leadership continues to challenge us to “think different” about the possibilities of the future.
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Hickey defines that as a market in which products are sold on the basis of what they mean, not just what they do. The annual turnover of new models was one way that Detroit soaked up the enormous postwar productive capacity of America’s factories. Turning the computer into an “art market” is also a perfect explanation of what Steve Jobs accomplished when he returned to Apple in 1997. “Think Different” was a powerful statement that buying from Apple was a statement about who you are. Yes, the products were beautiful and useful, but just like the automobile when it was the ultimate object of consumer desire, the Mac, and later the iPhone, became a statement of identity. Design was not just a functional improvement, but a way of making a statement.
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ie=UTF8&node=1600 8589011. 81 income and demographics: Sizing the Internet Opportunity (Sebastopol, CA: O’Reilly, 2004). 82 till the end of 1993: “Robert McCool,” Wikipedia, retrieved March 30, 2017, https://en.wikipedia.org/wiki/Robert_McCool. 82 opposed to the idea of third-party apps on the iPhone: Killian Bell, “Steve Jobs Was Originally Dead Set Against Third-Party Apps for the iPhone,” Cult of Mac, October 21, 2011, http://www.cultofmac.com/125180/steve-jobs-was-originally-dead-set-against-third-party-apps-for-the-iphone/. 81 skeptical of the peer-to-peer model: Stone, The Upstarts, 199–200. 86 “how the world *does* work”: Aaron Levie, Twitter update, August 22, 2013, https://twitter.com/levie/status/370776444013510656.
Subscribed: Why the Subscription Model Will Be Your Company's Future - and What to Do About It by Tien Tzuo, Gabe Weisert
3D printing, Airbnb, airport security, Amazon Web Services, augmented reality, autonomous vehicles, Big Tech, bike sharing, blockchain, Brexit referendum, Build a better mousetrap, business cycle, business intelligence, business process, call centre, cloud computing, cognitive dissonance, connected car, data science, death of newspapers, digital nomad, digital rights, digital twin, double entry bookkeeping, Elon Musk, factory automation, fake news, fiat currency, Ford Model T, fulfillment center, growth hacking, hockey-stick growth, Internet of things, inventory management, iterative process, Jeff Bezos, John Zimmer (Lyft cofounder), Kevin Kelly, Lean Startup, Lyft, manufacturing employment, Marc Benioff, Mary Meeker, megaproject, minimum viable product, natural language processing, Network effects, Nicholas Carr, nuclear winter, pets.com, planned obsolescence, pneumatic tube, profit maximization, race to the bottom, ride hailing / ride sharing, Salesforce, Sand Hill Road, shareholder value, Silicon Valley, skunkworks, smart meter, social graph, software as a service, spice trade, Steve Ballmer, Steve Jobs, subscription business, systems thinking, tech worker, TED Talk, Tim Cook: Apple, transport as a service, Uber and Lyft, uber lyft, WeWork, Y2K, Zipcar
GM’s OnStar, for example, which started in 1996 as a concierge service, is now in more than 12 million vehicles and hosted more than 1.5 billion customer interactions last year. A lot of Silicon Valley executives think that the legacy car companies today look a lot like IBM did in 1985. That year, Big Blue employed more than 400,000 people (more than three times the size of Apple today). Digital Equipment Corporation, its nearest rival, had a quarter of its employee base. Apple itself was in a tailspin, having just fired Steve Jobs in one of the most infamous board decisions in history. Personal computers were an admittedly low-volume market at the time, but the IBM PC dominated it. Compatibility with its PCs was an industry mandate. It had clear market superiority.
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THE IMPLOSION AND THE REBOUND Then along came the internet and file-sharing sites, and the entertainment industry responded calmly and methodically, in a studied effort to create its own legal online alternatives. Just kidding, they freaked out—there were lawsuits, congressional inquiries, kids getting hauled into court, and Metallica’s Lars Ulrich delivering the names of 335,000 nefarious copyright infringers (who I assume were also Metallica fans?) to Napster’s office. Then Steve Jobs came to the rescue of the music industry, sort of. You didn’t even have to buy a whole album in order to listen to one or two hits—you could just buy the songs, for a dollar a pop! The labels signed up in droves, because they recognized a very familiar business model—keep pushing the hits. Ultimately, of course, the dollar-a-song model wouldn’t last.
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More former “movie stars” like Will Smith are going to start debuting new projects on SVOD libraries. And more former “movie producers” like Jeffrey Katzenberg are going to start launching subscription-based short-form video series with top-shelf production values, instead of lashing themselves to the masts of splashy sink-or-swim blockbusters. STEVE JOBS VERSUS PRINCE Today more than 30 million people in the United States pay for a music streaming service, and those services now represent more than half of the US music business. All that listening and discovery is having all sorts of positive ancillary effects—retail sales are up this year after fifteen years of decline.
Built for Growth: How Builder Personality Shapes Your Business, Your Team, and Your Ability to Win by Chris Kuenne, John Danner
Airbnb, Amazon Web Services, asset light, Benchmark Capital, Berlin Wall, Bob Noyce, business climate, business logic, call centre, cloud computing, disruptive innovation, don't be evil, Fairchild Semiconductor, Fall of the Berlin Wall, Gordon Gekko, Jeff Bezos, Kickstarter, Larry Ellison, Lean Startup, Mark Zuckerberg, pattern recognition, risk tolerance, Sand Hill Road, self-driving car, Silicon Valley, solopreneur, Steve Jobs, Steve Wozniak, sugar pill, super pumped, supply-chain management, systems thinking, TED Talk, work culture , zero-sum game
A Builder Personality Tour through Silicon Valley Let’s see these personalities in action by taking a quick spin through the heart of Silicon Valley. Take a look at how each Builder Personality has shaped the structure, growth trajectory, and culture of four iconic companies.7 Apple’s Driver Our first stop is on everybody’s short list of startup-to-standout success stories. Leaving aside how revolutionary Apple 1.0 was in transforming the computer industry when Steve Wozniak and Steve Jobs got started, consider the stamp the prodigal Jobs himself left on this company after his return in 1997 to spearhead the stunning revival of the company. His personality—born to build, an intuitive decision maker, with a controlling and often abrasive management style—shaped that company’s entire destiny.
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Starting a business, much less building it into a large and durable enterprise, is never easy, and it’s often a lonely endeavor. It’s no surprise many builders—perhaps you included—choose to embark on that adventure with cofounders. That’s a decision that immediately puts the issue of Builder Personality front and center—for both of you. Just take a look at this partial list of cobuilders: Apple: Steve Jobs and Steve Wozniak Microsoft: Bill Gates and Paul Allen Ben & Jerry’s: Ben Cohen and Jerry Greenfield Intel: Gordon Moore and Bob Noyce P & G: William Procter and James Gamble Airbnb: Nathan Blecharczyk, Brian Chesky, and Joe Gebbia Google: Sergey Brin and Larry Page Rent the Runway: Jenn Hyman and Jenny Fleiss Warby Parker: Neil Blumenthal, Dave Gilboa, Andrew Hunt, and Jeffrey Raider Pinterest: Ben Silbermann, Evan Sharp, and Paul Sciarra Eventbrite: Julia Hartz and Kevin Hartz HP: Bill Hewlett and Dave Packard These builder partnerships cut across industry, geographic, gender, and cultural lines.
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See, for example, Kim Masters, “Jessica Alba’s Tears on Her Way to Building a $1 Billion Business,” Hollywood Reporter, October 3, 2014, www.hollywoodreporter.com/features/jessica-albas-tears-her-way-736714; Celia Fernandez, “Jessica Alba Talks $1 Billion Empire,” Latina, May 22, 2015, www.latina.com/entertainment/celebrity/jessica-alba-talks-honest-company-empire; and Clare O’Connor, “How Jessica Alba Built a $1 Billion Company, and $200 Million Fortune, Selling Parents Peace of Mind,” Forbes, June 15, 2015, www.forbes.com/sites/clareoconnor/2015/05/27/how-jessica-alba-built-a-1-billion-company-and-200-million-fortune-selling-parents-peace-of-mind/#154765441f0c. 2. For more about Jack Dorsey and his trajectory, see, for example, Biography.com, s.v. “Jack Dorsey,” last updated October 14, 2015, www.biography.com/people/jack-dorsey-578280#creation-of-twitter; and Nicholas Carlson, “Jack Dorsey Is Not Steve Jobs,” Business Insider, November 29, 2014, www.businessinsider.com/jack-dorsey-is-not-steve-jobs-2014-11. 3. Unless otherwise noted, material in this chapter relies on interviews we conducted with Derek Newell, Nate Morris, Katherine Hays, Jim Hornthal, James Currier, Angelo Pizzagalli, Ben Cohen, Jerry Greenfield, Jenny Fleiss, Christina Seelye, Greg Titus, Umair Khan, Doris Yeh, Aaron Levie, and Marsha Firestone between the spring and fall of 2015.
Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else by Chrystia Freeland
"World Economic Forum" Davos, activist fund / activist shareholder / activist investor, Alan Greenspan, Albert Einstein, algorithmic trading, assortative mating, banking crisis, barriers to entry, Basel III, battle of ideas, Bear Stearns, behavioural economics, Bernie Madoff, Big bang: deregulation of the City of London, Black Monday: stock market crash in 1987, Black Swan, Boris Johnson, Branko Milanovic, Bretton Woods, BRICs, Bullingdon Club, business climate, call centre, carried interest, Cass Sunstein, Clayton Christensen, collapse of Lehman Brothers, commoditize, conceptual framework, corporate governance, creative destruction, credit crunch, Credit Default Swap, crony capitalism, Deng Xiaoping, disruptive innovation, don't be evil, double helix, energy security, estate planning, experimental subject, financial deregulation, financial engineering, financial innovation, Flash crash, Ford Model T, Frank Gehry, Gini coefficient, Glass-Steagall Act, global village, Goldman Sachs: Vampire Squid, Gordon Gekko, Guggenheim Bilbao, haute couture, high net worth, income inequality, invention of the steam engine, job automation, John Markoff, joint-stock company, Joseph Schumpeter, knowledge economy, knowledge worker, liberation theology, light touch regulation, linear programming, London Whale, low skilled workers, manufacturing employment, Mark Zuckerberg, Martin Wolf, Max Levchin, Mikhail Gorbachev, Moneyball by Michael Lewis explains big data, NetJets, new economy, Occupy movement, open economy, Peter Thiel, place-making, plutocrats, Plutonomy: Buying Luxury, Explaining Global Imbalances, postindustrial economy, Potemkin village, profit motive, public intellectual, purchasing power parity, race to the bottom, rent-seeking, Rod Stewart played at Stephen Schwarzman birthday party, Ronald Reagan, self-driving car, seminal paper, Sheryl Sandberg, short selling, Silicon Valley, Silicon Valley billionaire, Silicon Valley startup, Simon Kuznets, sovereign wealth fund, starchitect, stem cell, Steve Jobs, TED Talk, the long tail, the new new thing, The Spirit Level, The Wealth of Nations by Adam Smith, Tony Hsieh, too big to fail, trade route, trickle-down economics, Tyler Cowen: Great Stagnation, wage slave, Washington Consensus, winner-take-all economy, zero-sum game
Another 4,750 are in the Philippines, which, with a population of just 92 million compared to China’s 1.3 billion, has in relative terms been a much bigger beneficiary of Steve Jobs’s genius. This is a point worth underscoring, because some American pundits and politicians like to blame their country’s economic woes on China’s undervalued currency and its strategy of export-led growth. In the case of the Apple economy, that is less than half the story. Now come what might be the surprises. The first is that even though most of the iPod jobs are outside the United States, the lion’s share of the iPod salaries are in the United States. Those 13,920 American workers earned nearly $750 million. By contrast, the 27,250 non-American Apple employees took home less than $320 million.
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But the super-elite also bask in a culture that, at least until the 2008 financial crisis, was happy to regard them as the heroes of our age. Their virtue need not manifest itself in any of the traditional Judeo-Christian values—Steve Jobs, who currently dominates the iconostasis, was an egotistical jerk who often treated employees, family (including his daughter), and ordinary mortals who dared to e-mail him with cruelty or disdain. But we do need them to succeed in business because of their sheer superiority to everyone else—part of the appeal of the Jobs story is his second coming at Apple, when he showed up the mediocrities who had ousted him. Most important of all, the plutocrats, and their chorus in the popular culture, are keen to believe they are not engaged on an entirely selfish mission.
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On the other hand, what fraction of families in the United States or Canada would have the wherewithal to get for their child a Mandarin tutor three days a week for four years? How do you think about that? And were we perpetuating privilege? Or were we recognizing merit?” Getting into the “right” college is just a start. As the baby boomers aged into the commencement address generation, their standard advice to graduates was, as Steve Jobs memorably enjoined, to “have the courage to follow your heart and intuition,” to “love what you do,” and never to “settle.” Drew Faust, in her third commencement address as president of Harvard University, urged the graduating students to adopt her “parking space theory of life”: “Don’t park ten blocks away from your destination because you think you’ll never find a closer space.
Who Stole the American Dream? by Hedrick Smith
Affordable Care Act / Obamacare, Airbus A320, airline deregulation, Alan Greenspan, anti-communist, asset allocation, banking crisis, Bear Stearns, Boeing 747, Bonfire of the Vanities, British Empire, business cycle, business process, clean water, cloud computing, collateralized debt obligation, collective bargaining, commoditize, corporate governance, Credit Default Swap, credit default swaps / collateralized debt obligations, currency manipulation / currency intervention, David Brooks, Deng Xiaoping, desegregation, Double Irish / Dutch Sandwich, family office, financial engineering, Ford Model T, full employment, Glass-Steagall Act, global supply chain, Gordon Gekko, guest worker program, guns versus butter model, high-speed rail, hiring and firing, housing crisis, Howard Zinn, income inequality, independent contractor, index fund, industrial cluster, informal economy, invisible hand, John Bogle, Joseph Schumpeter, junk bonds, Kenneth Rogoff, Kitchen Debate, knowledge economy, knowledge worker, laissez-faire capitalism, Larry Ellison, late fees, Long Term Capital Management, low cost airline, low interest rates, manufacturing employment, market fundamentalism, Maui Hawaii, mega-rich, Michael Shellenberger, military-industrial complex, MITM: man-in-the-middle, mortgage debt, negative equity, new economy, Occupy movement, Own Your Own Home, Paul Samuelson, Peter Thiel, Plutonomy: Buying Luxury, Explaining Global Imbalances, Ponzi scheme, Powell Memorandum, proprietary trading, Ralph Nader, RAND corporation, Renaissance Technologies, reshoring, rising living standards, Robert Bork, Robert Shiller, rolodex, Ronald Reagan, Savings and loan crisis, shareholder value, Shenzhen was a fishing village, Silicon Valley, Silicon Valley startup, Solyndra, Steve Jobs, stock buybacks, tech worker, Ted Nordhaus, The Chicago School, The Spirit Level, too big to fail, transaction costs, transcontinental railway, union organizing, Unsafe at Any Speed, Vanguard fund, We are the 99%, women in the workforce, working poor, Y2K
The highest-profile case of stock option payola involved the late Apple CEO Steve Jobs. After ducking media inquiries about whether Apple’s board had improperly changed the dates of its stock option grants, Apple finally admitted to the SEC that between 1997 and 2002, there were 6,428 separate instances where the dates of Apple stock options had been altered. Steve Jobs had been personally involved in picking “favorable” dates for backdating options, Apple confessed. Nonetheless, Apple’s internal report cleared Jobs of wrongdoing. Initially, Apple said Jobs had not profited personally, but it later turned out that Jobs had made a whopping profit, getting $295.7 million from selling half the shares that he’d been allowed to buy for $75 million.
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-China Trade Deficit: $2 Trillion Wal-Mart may have been the prime mover in pushing the China trade and driving American jobs to China, but almost everyone was in the game: Target, Costco, Best Buy, an army of mass retail chains, plus big manufacturers such as Boeing, which has contracted with the Chinese and Japanese to make parts for the new 787 Dreamliner jet, as well as other U.S. multinationals such as Apple with its iPhones and iPads made in China or Hewlett-Packard and Cisco importing components for laptops, printers, cellphones, and Internet switching gear. Apple’s longtime CEO, Steve Jobs, won praise for creating jobs in America from Republican leaders like Indiana governor Mitch Daniels, but in fact, Apple under Steve Jobs had only forty-three thousand employees in the United States, while it indirectly employed seven hundred thousand at its overseas suppliers, mainly in China. As The New York Times reported, Apple overlooked sweatshop conditions and fatal explosions at supplier plants in China, not just because Chinese labor was cheap, but because state-subsidized Chinese suppliers jumped to meet Apple’s tight deadlines by rousting workers out of bed at midnight and reportedly working them fifteen hours a day.
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Initially, Apple said Jobs had not profited personally, but it later turned out that Jobs had made a whopping profit, getting $295.7 million from selling half the shares that he’d been allowed to buy for $75 million. Worse, Apple disclosed to the SEC that it had fabricated—that is, totally made up—a fictional meeting of the board of directors in October 2003 that supposedly approved 7.5 million options for Jobs. That meeting never took place, Apple admitted; in fact, the options had been approved on December 18, 2001, when they would have cost Jobs more. Apple’s whitewash of Steve Jobs met with catcalls of corporate hypocrisy. “They pretty much admitted he was directly involved in the fraud,” asserted New York University finance professor David Yermack.
The Seventh Sense: Power, Fortune, and Survival in the Age of Networks by Joshua Cooper Ramo
air gap, Airbnb, Alan Greenspan, Albert Einstein, algorithmic trading, barriers to entry, Berlin Wall, bitcoin, Bletchley Park, British Empire, cloud computing, Computing Machinery and Intelligence, crowdsourcing, Danny Hillis, data science, deep learning, defense in depth, Deng Xiaoping, drone strike, Edward Snowden, Fairchild Semiconductor, Fall of the Berlin Wall, financial engineering, Firefox, Google Chrome, growth hacking, Herman Kahn, income inequality, information security, Isaac Newton, Jeff Bezos, job automation, Joi Ito, Laura Poitras, machine translation, market bubble, Menlo Park, Metcalfe’s law, Mitch Kapor, Morris worm, natural language processing, Neal Stephenson, Network effects, Nick Bostrom, Norbert Wiener, Oculus Rift, off-the-grid, packet switching, paperclip maximiser, Paul Graham, power law, price stability, quantitative easing, RAND corporation, reality distortion field, Recombinant DNA, recommendation engine, Republic of Letters, Richard Feynman, road to serfdom, Robert Metcalfe, Sand Hill Road, secular stagnation, self-driving car, Silicon Valley, Skype, Snapchat, Snow Crash, social web, sovereign wealth fund, Steve Jobs, Steve Wozniak, Stewart Brand, Stuxnet, superintelligent machines, systems thinking, technological singularity, The Coming Technological Singularity, The Wealth of Nations by Adam Smith, too big to fail, Vernor Vinge, zero day
“You’re also making a social decision, and this may be the more important of the two.” You might ask: What drew tens of millions of people to watch as Steve Jobs, live, unveiled some new Apple device? Of course, partly it was the cool technology, the warm charisma of the man. But something else was at work, I think. What Jobs was unveiling atop those black stages over the years as we waited for him was nothing less than whole new worlds, connected landscapes that emerged entirely from ideas Apple was secretly developing. He wasn’t merely introducing a phone; he was changing how we were going to experience life. “Every once in a while, a revolutionary product comes along that changes everything,” Jobs began in his famous speech introducing the first iPhone, in 2007.
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Hillis has a magnetic intellectual charisma, as you may have guessed by now. An afternoon with him resembles nothing so much as lingering in a mental theme park: roller coasters of big ideas (a ten-thousand-year clock!) mixed with smaller, sugary treats (how to design a better fence post). No wonder he fit in at Disney. Critics accused Steve Jobs of having a “reality distortion field” in which the Apple founder’s charisma bludgeoned the boundaries of the practical. Hillis, by contrast, has a sort of “reality enhancement field” in which much of the world as seen through his eyes is filled with possibility. From an early age, Hillis had been interested in the dream of a thinking robot.
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At one point, a phreaker named John Draper figured out that the little plastic whistles stuffed as children’s toys inside boxes of sugary Cap’n Crunch cereal produced the 2,600-hertz tone nearly perfectly. The hack made him a legend, and he became known, inevitably, as Cap’n Crunch. An article about Draper in Esquire in 1971 had inspired two teenagers named Steve Jobs and Steve Wozniak to start their first company in order to build and sell little blue phreaking boxes. Woz later recalled nervously meeting the Cap’n one day in California. He was a strange, slightly smelly, and extremely intense nomadic engineer. “I do it for one reason and one reason only,” the Cap’n huffed to the writer of that Esquire article, who was a bit baffled as to why a grown man would find whistling into phones so appealing.
The Autistic Brain: Thinking Across the Spectrum by Temple Grandin, Richard Panek
Apollo 11, Asperger Syndrome, autism spectrum disorder, correlation does not imply causation, dark matter, David Brooks, deliberate practice, double helix, ghettoisation, Gregor Mendel, if you see hoof prints, think horses—not zebras, impulse control, Khan Academy, Mark Zuckerberg, meta-analysis, mouse model, neurotypical, pattern recognition, phenotype, Richard Feynman, selective serotonin reuptake inhibitor (SSRI), Silicon Valley, Steve Jobs, The future is already here, theory of mind, traumatic brain injury, twin studies
The same is true of examples of the way the three kinds of thinking work together. Now I can see them not only in my own experience but everywhere I look. Reading an interview with Steve Jobs, I came across this quote: “The thing I love about Pixar is that it’s exactly like the LaserWriter.” What? The most successful animation studio in recent memory is “exactly like” a piece of technology from 1985? He explained that when he saw the first page come out of Apple’s LaserWriter—the first laser printer ever—he thought, There’s awesome amounts of technology in this box. He knew what all the technology was, and he knew all the work that went into creating it, and he knew how innovative it was.
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From a neuroscience point of view, managing emotions depends on top-down control from the frontal cortex. If you can’t control your emotion, you have to change your emotion. If you want to keep a job, you have to learn how to turn anger into frustration. I saw in a magazine article that Steve Jobs would cry in frustration. That’s why Steve Jobs still had a job. He could be verbally abusive to his employees, but as far as I know, he didn’t go around throwing things at them or slugging them. I learned my lesson in high school. I got in a fight with someone who was teasing me, and I had horseback riding taken away for two weeks.
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. [>] About fifty thousand people: Gareth Cook, “The Autism Advantage,” New York Times, December 2, 2012. [>] see sidebar: Temple Grandin and Kate Duffy, Developing Talents: Careers for Individuals with Asperger’s Syndrome and High-Functioning Autism, updated and expanded edition (Overland Park, KS: Autism Asperger Publishing Company, 2008). [>] an interview with Steve Jobs: Brent Schlender, “Exclusive: New Wisdom from Steve Jobs on Technology, Hollywood, and How ‘Good Management Is Like the Beatles,’” Fast Company, May 2012. [>] Aspiritech: Carla K. Johnson, “Startup Company Succeeds at Hiring Autistic Adults,” Associated Press, September 21, 2011, http://news.yahoo.com/startup-company-succeeds-hiring-autistic-adults-162558148.html. [>] it expanded: http://www.walgreens.com/topic/sr/distribution_centers.jsp. [>] “keep on knockin’”: Savino Nuccio D’Argento interview. [>] John Fienberg: John Fienberg interview.
In the Plex: How Google Thinks, Works, and Shapes Our Lives by Steven Levy
"World Economic Forum" Davos, 23andMe, AltaVista, Andy Rubin, Anne Wojcicki, Apple's 1984 Super Bowl advert, autonomous vehicles, Bill Atkinson, book scanning, Brewster Kahle, Burning Man, business process, clean water, cloud computing, crowdsourcing, Dean Kamen, discounted cash flows, don't be evil, Donald Knuth, Douglas Engelbart, Douglas Engelbart, Dutch auction, El Camino Real, Evgeny Morozov, fault tolerance, Firefox, General Magic , Gerard Salton, Gerard Salton, Google bus, Google Chrome, Google Earth, Googley, high-speed rail, HyperCard, hypertext link, IBM and the Holocaust, informal economy, information retrieval, Internet Archive, Jeff Bezos, John Markoff, Ken Thompson, Kevin Kelly, Kickstarter, large language model, machine translation, Mark Zuckerberg, Menlo Park, one-China policy, optical character recognition, PageRank, PalmPilot, Paul Buchheit, Potemkin village, prediction markets, Project Xanadu, recommendation engine, risk tolerance, Rubik’s Cube, Sand Hill Road, Saturday Night Live, search inside the book, second-price auction, selection bias, Sheryl Sandberg, Silicon Valley, SimCity, skunkworks, Skype, slashdot, social graph, social software, social web, spectrum auction, speech recognition, statistical model, Steve Ballmer, Steve Jobs, Steven Levy, subscription business, Susan Wojcicki, Ted Nelson, telemarketer, The future is already here, the long tail, trade route, traveling salesman, turn-by-turn navigation, undersea cable, Vannevar Bush, web application, WikiLeaks, Y Combinator
And if you don’t want to, then I’ll make a decision about that.” Page and Brin agreed to Doerr’s Magical Mystery Tour of high-tech royalty: Apple’s Steve Jobs, Intel’s Andy Grove, Intuit’s Scott Cook, Amazon’s Jeff Bezos, and others. Then they came back to Doerr. “This may surprise you,” they told him, “but we agree with you.” They were ready to hire a CEO. One person, and one only, had met their standards: Steve Jobs. This was ludicrous for a googolplex of reasons. Jobs was already the CEO of two public companies. In addition, he was Steve Jobs. You would sooner get the Dalai Lama to join an Internet start-up. Doerr and Mortiz kept pressing, and the founders reluctantly agreed to keep considering.
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But as one person in particular began to understand what Google was up to, a bitter rivalry was born. That person was Steve Jobs, the Apple CEO. Since Jobs’s original meeting with Page and Brin—the one where the Google kids had decided that he would meet their CEO requirements—the relationship between the two companies had blossomed. The Google founders were entranced by Jobs’s vision and decisiveness, and Jobs was excited by the opportunity to hook up with a business whose activities were entirely complementary to Apple’s—there seemed to be no competitive overlap. The two firms embarked on a potentially glorious, industry-changing alliance in which the veteran Jobs would lend his expertise and wisdom to the smarty-pants Internet kids and the two firms together would take down Microsoft.
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From Kleiner Perkins came a recommendation for a thirty-five-year-old Iran-born executive named Omid Kordestani. He was working for Netscape, which had recently been purchased by AOL, and was looking for a new job. As the engine rooms of the tech boom hadn’t yet begun taking water, Kordestani had plenty of choices. One of the most enticing was Apple, newly revitalized with the return of Steve Jobs. Kordestani took a breakfast meeting with Jobs, who gave him a dizzying, messianic pitch. But Kordestani preferred a start-up. He was sufficiently experienced in Silicon Valley ways to know that scruffy former grad students recommended by top VCs were more likely to deliver treasures than even the wizard of Cupertino.
The Code Breaker: Jennifer Doudna, Gene Editing, and the Future of the Human Race by Walter Isaacson
"World Economic Forum" Davos, 23andMe, Albert Einstein, Alfred Russel Wallace, Anne Wojcicki, Apollo 13, Apple II, Asilomar, Asilomar Conference on Recombinant DNA, Bernie Sanders, Colonization of Mars, contact tracing, coronavirus, COVID-19, CRISPR, crowdsourcing, Dean Kamen, discovery of DNA, discovery of penicillin, double helix, Edward Jenner, Gregor Mendel, Hacker News, Henri Poincaré, iterative process, Joan Didion, linear model of innovation, Louis Pasteur, Mark Zuckerberg, microbiome, mouse model, Nick Bostrom, public intellectual, Recombinant DNA, seminal paper, Silicon Valley, Skype, stealth mode startup, stem cell, Steve Jobs, Steve Wozniak, Steven Levy, Steven Pinker, synthetic biology, the scientific method, Thomas Malthus, wikimedia commons
Because the people who are crazy enough to think they can change the world are the ones who do. —Steve Jobs, Apple’s “Think Different” ad, 1997 Samuel Sternberg CHAPTER 44 Quebec Jumping genes While attending the 2019 CRISPR Conference in Quebec, I am struck by the realization that biology has become the new tech. The meeting has the same vibe as those of the Homebrew Computer Club and the West Coast Computer Faire in the late 1970s, except that the young innovators are buzzing about genetic code rather than computer code. The atmosphere is charged with the catalytic combination of competition and cooperation reminiscent of when Bill Gates and Steve Jobs frequented the early personal computer shows, except this time the rock stars are Jennifer Doudna and Feng Zhang.
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“For days I was so excited I couldn’t sleep, because it affirmed to me why I do what I do, which is to try to make sure that people can push humanity forward.” Push humanity forward? Yes, sometimes it’s the rebels who do so. As Zayner speaks, his flat tones and crazy excitement remind me of a day when Steve Jobs sat in his backyard and recited from memory the lines he had helped craft for Apple’s “Think Different” commercial about the misfits and rebels and troublemakers who are not fond of rules and have no respect for the status quo. “They push the human race forward,” Jobs said. “Because the people who are crazy enough to think they can change the world, are the ones who do.”
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Individual freedom and independent thinking are crushed by electronic surveillance and total information control. Orwell was warning about the danger that a Franco or Stalin would someday control information technology and destroy individual freedom. It didn’t happen. When the real 1984 actually rolled around, Apple introduced an easy-to-use personal computer, the Macintosh, and in the words that Steve Jobs wrote for its ad, “you’ll see why 1984 won’t be like 1984.” That phrase contained a deep truth. Instead of computers becoming an instrument for centralized repression, the combination of the personal computer and the decentralized nature of the internet became a way to devolve more power down to each individual, thus unleashing a gusher of free expression and radically democratized media.
Think Like a Rocket Scientist: Simple Strategies You Can Use to Make Giant Leaps in Work and Life by Ozan Varol
Abraham Maslow, Affordable Care Act / Obamacare, Airbnb, airport security, Albert Einstein, Amazon Web Services, Andrew Wiles, Apollo 11, Apollo 13, Apple's 1984 Super Bowl advert, Arthur Eddington, autonomous vehicles, Ben Horowitz, Boeing 747, Cal Newport, Clayton Christensen, cloud computing, Colonization of Mars, dark matter, delayed gratification, different worldview, discovery of DNA, double helix, Elon Musk, fail fast, fake news, fear of failure, functional fixedness, Gary Taubes, Gene Kranz, George Santayana, Google Glasses, Google X / Alphabet X, Inbox Zero, index fund, Isaac Newton, it is difficult to get a man to understand something, when his salary depends on his not understanding it, James Dyson, Jeff Bezos, job satisfaction, Johannes Kepler, Kickstarter, knowledge worker, Large Hadron Collider, late fees, lateral thinking, lone genius, longitudinal study, Louis Pasteur, low earth orbit, Marc Andreessen, Mars Rover, meta-analysis, move fast and break things, multiplanetary species, Neal Stephenson, Neil Armstrong, Nick Bostrom, obamacare, Occam's razor, out of africa, Peter Pan Syndrome, Peter Thiel, Pluto: dwarf planet, private spaceflight, Ralph Waldo Emerson, reality distortion field, Richard Feynman, Richard Feynman: Challenger O-ring, Ronald Reagan, Sam Altman, Schrödinger's Cat, Search for Extraterrestrial Intelligence, self-driving car, Silicon Valley, Simon Singh, Skinner box, SpaceShipOne, Steve Ballmer, Steve Jobs, Steven Levy, Stewart Brand, subprime mortgage crisis, sunk-cost fallacy, TED Talk, Thomas Kuhn: the structure of scientific revolutions, Thomas Malthus, Tyler Cowen, Upton Sinclair, Vilfredo Pareto, We wanted flying cars, instead we got 140 characters, Whole Earth Catalog, women in the workforce, Yogi Berra
A narrative. A tale. If you don’t like the story, you can change the story. Even better, you can drop it altogether and write a new one. “In order to change skins, evolve into new cycles,” author Anaïs Nin writes, “one has to learn to discard.”25 Discarding happened involuntarily for Steve Jobs, who in 1985 was forced out of Apple, the company he had cofounded. Although his dismissal stung at the time, looking back on it, Jobs says it was the “best thing that could have ever happened to me.” Getting fired unshackled Jobs from his own history and forced him to return to first principles. “The heaviness of being successful was replaced by the lightness of being a beginner again.
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Dawna Markova, I Will Not Die an Unlived Life: Reclaiming Purpose and Passion (Berkeley, CA: Conari Press, 2000). 25. Anaïs Nin, The Diary of Anaïs Nin, ed. Gunther Stuhlmann, vol. 4, 1944–1947 (New York: Swallow Press, 1971). 26. Shellie Karabell, “Steve Jobs: The Incredible Lightness of Beginning Again,” Forbes, December 10, 2014, www.forbes.com/sites/shelliekarabell/2014/12/10/steve-jobs-the-incredible-lightness-of-beginning-again/#35ddf596294a. 27. Henry Miller, Henry Miller on Writing (New York: New Directions, 1964), 20. 28. The discussion on Alinea draws on the following sources: Sarah Freeman, “Alinea 2.0: Reinventing One of the World’s Best Restaurants: Why Grant Achatz and Nick Kokonas Hit the Reset Button,” Eater.com, May 19, 2016, https://chicago.eater.com/2016/5/19/11695724/alinea-chicago-grant-achatz-nick-kokonas; Noah Kagan, “Lessons From the World’s Best Restaurant,” OkDork (blog), March 15, 2019, https://okdork.com/lessons-worlds-best-restaurant; “No. 1: Alinea,” Best Restaurants in Chicago, Chicago Magazine, July 2018, www.chicagomag.com/dining-drinking/July-2018/The-50-Best-Restaurants-in-Chicago/Alinea. 29.
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“Art training alone,” the study suggests, “can help to teach medical students to become better clinical observers.”58 Life, it turns out, doesn’t happen in compartmentalized silos. There’s little to be learned from comparing similar things. “To create,” biologist François Jacob said, “is to recombine.”59 Decades later, Steve Jobs echoed the same sentiment: “Creativity is just connecting things. When you ask creative people how they did something, they feel a little guilty because they didn’t really do it, they just saw something.… [T]hey’ve had more experiences or they have thought more about their experiences than other people.”60 Put differently, it’s easier to “think outside the box” when you’re playing with multiple boxes.
The Contrarian: Peter Thiel and Silicon Valley's Pursuit of Power by Max Chafkin
3D printing, affirmative action, Airbnb, anti-communist, bank run, Bernie Sanders, Big Tech, bitcoin, Black Lives Matter, Black Monday: stock market crash in 1987, Blitzscaling, Boeing 747, borderless world, Cambridge Analytica, charter city, cloud computing, cognitive dissonance, Cornelius Vanderbilt, coronavirus, COVID-19, Credit Default Swap, cryptocurrency, David Brooks, David Graeber, DeepMind, digital capitalism, disinformation, don't be evil, Donald Trump, driverless car, Electric Kool-Aid Acid Test, Elon Musk, Ethereum, Extropian, facts on the ground, Fairchild Semiconductor, fake news, Ferguson, Missouri, Frank Gehry, Gavin Belson, global macro, Gordon Gekko, Greyball, growth hacking, guest worker program, Hacker News, Haight Ashbury, helicopter parent, hockey-stick growth, illegal immigration, immigration reform, Internet Archive, Jeff Bezos, John Markoff, Kevin Roose, Kickstarter, Larry Ellison, life extension, lockdown, low interest rates, Lyft, Marc Andreessen, Mark Zuckerberg, Maui Hawaii, Max Levchin, Menlo Park, military-industrial complex, moral panic, move fast and break things, Neal Stephenson, Nelson Mandela, Network effects, off grid, offshore financial centre, oil shale / tar sands, open borders, operational security, PalmPilot, Paris climate accords, Patri Friedman, paypal mafia, Peter Gregory, Peter Thiel, pets.com, plutocrats, Ponzi scheme, prosperity theology / prosperity gospel / gospel of success, public intellectual, QAnon, quantitative hedge fund, quantitative trading / quantitative finance, randomized controlled trial, regulatory arbitrage, Renaissance Technologies, reserve currency, ride hailing / ride sharing, risk tolerance, Robinhood: mobile stock trading app, Ronald Reagan, Sam Altman, Sand Hill Road, self-driving car, sharing economy, Sheryl Sandberg, Silicon Valley, Silicon Valley billionaire, Silicon Valley ideology, Silicon Valley startup, skunkworks, social distancing, software is eating the world, sovereign wealth fund, Steve Bannon, Steve Jobs, Steven Levy, Stewart Brand, surveillance capitalism, TaskRabbit, tech billionaire, tech worker, TechCrunch disrupt, techlash, technology bubble, technoutopianism, Ted Kaczynski, TED Talk, the new new thing, the scientific method, Tim Cook: Apple, transaction costs, Travis Kalanick, Tyler Cowen, Uber and Lyft, uber lyft, Upton Sinclair, Vitalik Buterin, We wanted flying cars, instead we got 140 characters, Whole Earth Catalog, WikiLeaks, William Shockley: the traitorous eight, Y Combinator, Y2K, yellow journalism, Zenefits
* * * — back in 2005, when Thiel was still trying on a new identity as a master of the universe, Steve Jobs gave a commencement speech at his alma mater. To this day, Jobs’s Stanford University address is revered, both as a window into the Apple founder’s psyche and a distillation of the rebelliousness of Silicon Valley in the 1990s and 2000s. Everyone in tech has watched it at least once; many know it nearly by heart. “Truth be told, I never graduated from college,” Jobs began. “This is the closest I’ve ever gotten to a college graduation.” After explaining his decision to drop out from Reed College in the early 1970s before starting Apple, Jobs revealed that he’d been diagnosed with pancreatic cancer and had been contemplating his death.
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Tolkien, whom he read and reread obsessively—so much that he’d later brag he’d memorized the entire Lord of the Rings trilogy. He also played video games, including Zork, a crude, choose-your-own-adventure game that he played on a Tandy TRS 80 that Klaus brought home. The computer revolution was happening just miles to the south, where Apple Computer, a company founded by another American prodigy, Steve Jobs, now had more than $100 million in sales. Klaus had been an early adopter, urging his coworkers at the California gold mine to use computers, and his son picked up his interest in technology. Peter programmed a little, but what really grabbed him were visions of the future.
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From that point on, Thiel was going to do what he wanted, and no VC—no matter how respected or experienced—was ever going to be able to control him. 6 GRAY AREAS Around the time of Thiel’s coup at PayPal, Silicon Valley’s mythology was defined, more or less, by a single person: Steve Jobs, who’d created the personal computer in the early 1980s, built Pixar in exile, and came back to introduce the iMac and iPod, transforming Apple into the greatest consumer products company of all time. Jobs, the story went, had succeeded thanks to his countercultural bona fides—he was a proud hippie, a Zen Buddhist, a phone phreaker—and his willingness to train all of that weirdness on a profit-making enterprise.
Masters of Management: How the Business Gurus and Their Ideas Have Changed the World—for Better and for Worse by Adrian Wooldridge
"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, affirmative action, Alan Greenspan, barriers to entry, behavioural economics, Black Swan, blood diamond, borderless world, business climate, business cycle, business intelligence, business process, carbon footprint, Cass Sunstein, Clayton Christensen, clean tech, cloud computing, collaborative consumption, collapse of Lehman Brothers, collateralized debt obligation, commoditize, company town, corporate governance, corporate social responsibility, creative destruction, credit crunch, crowdsourcing, David Brooks, David Ricardo: comparative advantage, disintermediation, disruptive innovation, do well by doing good, don't be evil, Donald Trump, Edward Glaeser, Exxon Valdez, financial deregulation, Ford Model T, Frederick Winslow Taylor, future of work, George Gilder, global supply chain, Golden arches theory, hobby farmer, industrial cluster, intangible asset, It's morning again in America, job satisfaction, job-hopping, joint-stock company, Joseph Schumpeter, junk bonds, Just-in-time delivery, Kickstarter, knowledge economy, knowledge worker, lake wobegon effect, Long Term Capital Management, low skilled workers, Mark Zuckerberg, McMansion, means of production, Menlo Park, meritocracy, Michael Milken, military-industrial complex, mobile money, Naomi Klein, Netflix Prize, Network effects, new economy, Nick Leeson, Norman Macrae, open immigration, patent troll, Ponzi scheme, popular capitalism, post-industrial society, profit motive, purchasing power parity, radical decentralization, Ralph Nader, recommendation engine, Richard Florida, Richard Thaler, risk tolerance, Ronald Reagan, science of happiness, scientific management, shareholder value, Silicon Valley, Silicon Valley startup, Skype, Social Responsibility of Business Is to Increase Its Profits, Steve Jobs, Steven Levy, supply-chain management, tacit knowledge, technoutopianism, the long tail, The Soul of a New Machine, The Wealth of Nations by Adam Smith, Thomas Davenport, Tony Hsieh, too big to fail, vertical integration, wealth creators, women in the workforce, young professional, Zipcar
Henry Ford would have spent his life producing ever more comfortable horse buggies if he had listened to the good burghers of Dearborn. It is notable that Apple, perhaps the world’s most successful high-tech company at the moment, and one that has kept ahead of every wave of innovation, has had no truck with open innovation. Steve Jobs is the closest thing Silicon Valley has to an imperial CEO: egocentric, control-obsessed, and supremely self-confident. “A lot of times people don’t know what they want until you show it to them,” he says.11 As well as solving problems that people don’t know they have, Apple believes in doing as much as possible inhouse. It is true that they have decided to allow outsiders to design apps for their iPhones and iPods, but they subject them to the strictest possible rules.
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In fact, entrepreneurship, like all business, is a social activity. Entrepreneurs may be more inner-directed and self-obsessed than the usual corporate types, but they almost always require business partners and social networks in order to succeed. The history of high-tech startups is largely a history of business partnerships: Steve Jobs and Stephen Wozniak (Apple), Bill Gates and Steven Balmer (Microsoft), Sergey Brin and Larry Page (Google). Ben & Jerry’s was formed when two childhood friends, Ben Cohen and Jerry Greenfield, got together to start a business (they wanted to go into the bagel business but could not raise the cash). Richard Branson relied heavily on his cousin, Simon Draper, as well as several other partners.
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The Japanese opened the first front by inundating Western markets with better, cheaper, more reliable goods through “lean” production based on teamwork, which avoided both the alienation and the waste of Sloan’s system. Michael Milken, the junk bond king, and Michael Jensen, the leading theoretician of shareholder value, opened the second front, demonstrating that Sloanism had allowed many American firms to be hijacked by managers more interested in their pay and perks than in shareholder value. Steve Jobs and other Silicon Valley entrepreneurs opened the third front, demonstrating that you can succeed in business without growing a giant bureaucracy. The reengineers opened the final front, ripping apart all the old Sloanist functional departments such as “marketing,” “production,” and “research” and pushing workers into cross-functional teams, forcing them to use computers to bridge the gaps.
AI Superpowers: China, Silicon Valley, and the New World Order by Kai-Fu Lee
"World Economic Forum" Davos, AI winter, Airbnb, Albert Einstein, algorithmic bias, algorithmic trading, Alignment Problem, AlphaGo, artificial general intelligence, autonomous vehicles, barriers to entry, basic income, bike sharing, business cycle, Cambridge Analytica, cloud computing, commoditize, computer vision, corporate social responsibility, cotton gin, creative destruction, crony capitalism, data science, deep learning, DeepMind, Demis Hassabis, Deng Xiaoping, deskilling, Didi Chuxing, Donald Trump, driverless car, Elon Musk, en.wikipedia.org, Erik Brynjolfsson, fake news, full employment, future of work, general purpose technology, Geoffrey Hinton, gig economy, Google Chrome, Hans Moravec, happiness index / gross national happiness, high-speed rail, if you build it, they will come, ImageNet competition, impact investing, income inequality, informal economy, Internet of things, invention of the telegraph, Jeff Bezos, job automation, John Markoff, Kickstarter, knowledge worker, Lean Startup, low skilled workers, Lyft, machine translation, mandatory minimum, Mark Zuckerberg, Menlo Park, minimum viable product, natural language processing, Neil Armstrong, new economy, Nick Bostrom, OpenAI, pattern recognition, pirate software, profit maximization, QR code, Ray Kurzweil, recommendation engine, ride hailing / ride sharing, risk tolerance, Robert Mercer, Rodney Brooks, Rubik’s Cube, Sam Altman, Second Machine Age, self-driving car, sentiment analysis, sharing economy, Silicon Valley, Silicon Valley ideology, Silicon Valley startup, Skype, SoftBank, Solyndra, special economic zone, speech recognition, Stephen Hawking, Steve Jobs, strong AI, TED Talk, The Future of Employment, Travis Kalanick, Uber and Lyft, uber lyft, universal basic income, urban planning, vertical integration, Vision Fund, warehouse robotics, Y Combinator
As we look forward into the future, we must also take the time to look around. 9 ★ OUR GLOBAL AI STORY On June 12, 2005, Steve Jobs stepped up to a microphone in Stanford Stadium and delivered one of the most memorable commencement speeches ever given. In the talk, he retraced his zig-zagging career, from college dropout to cofounder of Apple, from his unceremonious ouster at that company to his founding of Pixar, and finally his triumphant return to Apple a decade later. Speaking to a crowd of ambitious Stanford students, many of whom were eagerly plotting their own ascent to the peaks of Silicon Valley, Jobs cautioned against trying to chart one’s life and career in advance.
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The prevailing American attitude was that people like Wang Xing could copy the look and feel of Facebook, but that the Chinese would never access the mysterious magic of innovation that drove a place like Silicon Valley. BUILDING BLOCKS AND STUMBLING BLOCKS Silicon Valley investors take as an article of faith that a pure innovation mentality is the foundation on which companies like Google, Facebook, Amazon, and Apple are built. It was an irrepressible impulse to “think different” that drove people like Steve Jobs, Mark Zuckerberg, and Jeff Bezos to create these companies that would change the world. In that school of thought, China’s knockoff clockmakers were headed down a dead-end road. A copycat mentality is a core stumbling block on the path to true innovation.
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Central to that ideology is a wide-eyed techno-optimism, a belief that every person and company can truly change the world through innovative thinking. Copying ideas or product features is frowned upon as a betrayal of the zeitgeist and an act that is beneath the moral code of a true entrepreneur. It’s all about “pure” innovation, creating a totally original product that generates what Steve Jobs called a “dent in the universe.” Startups that grow up in this kind of environment tend to be mission-driven. They start with a novel idea or idealistic goal, and they build a company around that. Company mission statements are clean and lofty, detached from earthly concerns or financial motivations.
Future Perfect: The Case for Progress in a Networked Age by Steven Johnson
Airbus A320, airport security, algorithmic trading, banking crisis, barriers to entry, Bernie Sanders, call centre, Captain Sullenberger Hudson, Cass Sunstein, Charles Lindbergh, classic study, cognitive dissonance, credit crunch, crowdsourcing, dark matter, Dava Sobel, David Brooks, Donald Davies, Evgeny Morozov, Fairchild Semiconductor, future of journalism, Great Leap Forward, high-speed rail, hive mind, Howard Rheingold, HyperCard, Jane Jacobs, John Gruber, John Harrison: Longitude, Joi Ito, Kevin Kelly, Kickstarter, lone genius, Mark Zuckerberg, mega-rich, meta-analysis, Naomi Klein, Nate Silver, Occupy movement, packet switching, peer-to-peer, Peter Thiel, planetary scale, pre–internet, private spaceflight, radical decentralization, RAND corporation, risk tolerance, seminal paper, shareholder value, Silicon Valley, Silicon Valley startup, social graph, SpaceShipOne, Steve Jobs, Steven Pinker, Stewart Brand, systems thinking, techno-determinism, The Death and Life of Great American Cities, the long tail, Tim Cook: Apple, urban planning, US Airways Flight 1549, WikiLeaks, William Langewiesche, working poor, X Prize, Yochai Benkler, your tax dollars at work
But if you wanted to find out news about the Mac—new machines from Apple, the latest word on the upcoming System 7 or HyperCard, or any new releases from the thousands of software developers or peripheral manufacturers—if you wanted to keep up with any of this, there was just about one channel available to you, as a college student in Providence, Rhode Island. You read Macworld. Even then, even if you staked out the College Hill Bookstore, waiting for issues hot off the press, you were still getting the news a month or two late, given the long lead times of a print magazine back then. Yes, if Apple had a major product announcement, or fired Steve Jobs, it would make it into The New York Times or The Wall Street Journal the next day. And you could occasionally steal a few nuggets of news by hanging around the university computer store. But that was basically the extent of the channels available to you. When I left college and came to New York in the early nineties, the technology channels began to widen ever so slightly.
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And as far as corporations go, Facebook is astonishingly top-heavy: the S-1 revealed that Zuckerberg personally controls 57 percent of Facebook’s voting stock, giving him control over the company’s destiny that far exceeds anything Bill Gates or Steve Jobs ever had. The cognitive dissonance could drown out a Sonic Youth concert: Facebook believes in peer-to-peer networks for the world, but within its own walls, the company prefers top-down control centralized in a charismatic leader. If Facebook is any indication, it would seem that top-down control is a habit that will be hard to shake. From Henry Ford to Jack Welch to Steve Jobs to Zuckerberg himself, we have long associated corporate success with visionary and inspiring executives.
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In the old days, it might have taken months for details from a John Sculley keynote to make it to the College Hill Bookstore; now the lag is seconds, with dozens of people live-blogging every passing phrase from a Steve Jobs or Tim Cook speech. There are 8,000-word dissections of each new release of OS X at the technological site Ars Technica, written with attention to detail and technical sophistication that far exceed anything a traditional newspaper would ever attempt. Writers such as John Gruber and Donald Norman regularly post intricate critiques of user-interface issues. The traditional newspapers have improved their coverage as well: think of David Pogue’s reviews in The New York Times, or Dow-Jones’s extended technology site, AllThingsD.
Leading From the Emerging Future: From Ego-System to Eco-System Economies by Otto Scharmer, Katrin Kaufer
Affordable Care Act / Obamacare, agricultural Revolution, Albert Einstein, Asian financial crisis, Basel III, behavioural economics, Berlin Wall, Branko Milanovic, cloud computing, collaborative consumption, collapse of Lehman Brothers, colonial rule, Community Supported Agriculture, creative destruction, crowdsourcing, deep learning, dematerialisation, Deng Xiaoping, do what you love, en.wikipedia.org, European colonialism, Fractional reserve banking, Garrett Hardin, Glass-Steagall Act, global supply chain, happiness index / gross national happiness, high net worth, housing crisis, income inequality, income per capita, intentional community, Intergovernmental Panel on Climate Change (IPCC), invisible hand, Johann Wolfgang von Goethe, Joseph Schumpeter, Kickstarter, market bubble, mass immigration, Mikhail Gorbachev, Mohammed Bouazizi, mutually assured destruction, Naomi Klein, new economy, offshore financial centre, Paradox of Choice, peak oil, ride hailing / ride sharing, Ronald Reagan, Silicon Valley, smart grid, Steve Jobs, systems thinking, technology bubble, The Spirit Level, The Wealth of Nations by Adam Smith, Thomas L Friedman, too big to fail, Tragedy of the Commons, vertical integration, Washington Consensus, working poor, Zipcar
The 3.0 and 4.0 corporations are a new breed of hybrid companies that have two main characteristics: They function as a business, and they are inspired and energized by a social mission (in 4.0 companies, the mission is more strongly embodied). This is not just a marginal feature of the business community. Think about what inspired visionary founders like Steve Jobs at Apple; Eileen at Eileen Fisher Inc.; Luiz, Guilherme, and Pedro at Natura; Judy and Michelle at BALLE; and Hal at the Sustainable Food Lab. These ventures are exemplars of an emerging “new essence” of what it means to run a successful enterprise. In this emerging business paradigm, success is defined not only by profit, but also by its relevance to the larger eco-system and its practical contributions toward bridging the ecological, social, and spiritual divides.
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See also World Bank, “Jobs Are a Cornerstone of Development, Says World Development Report 2013,” press release, October 1, 2012, www.worldbank.org/en/news/2012/10/01/jobs-cornerstone-develop ment-says-world-development-report (accessed December 9, 2012). 19. Daniel H. Pink, Drive: The Surprising Truth about What Motivates Us (New York: Riverhead Books, 2009). 20. Steve Jobs, Apple founder and late CEO, commencement speech, Stanford University, 2005, www.youtube.com/watch?v=D1R-jKKp3NA (accessed December 9, 2012). 21. Communities in Vermont operated with such a shared bond after the storm-caused flooding in 2011. See Nina Keck, “Neighbors Help Each Other Deal with Vermont’s Flood,” NPR, September 14, 2011, www.npr.org/2011/09/14/140458332/neighbors-help-each-other-get-past-vermont-flood-waters (accessed December 9, 2012). 22.
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The third attack happens in the workplace in the form of management incentives, tying bonus payments to targets, and other best practices that are taught in business schools and that, as research tell us, kill creativity in the organization.19 These practices poison all real creativity because they disconnect what we do for a living (our work) from what we really care about (our Work or passion). All great inventors, creators, and entrepreneurs, all great social activists, share the same inner journey and source of satisfaction: loving what you do and doing what you love. That, according to the late Steve Jobs, arguably a good example of a Working entrepreneur, “is the only way to do great work.”20 It is recognizing the connection to this deep source of knowing that can help us in moments when all other navigation instruments fail. 4. Relinking work and entrepreneurship. The essence of 4.0 is to provide an institutional context that allows us to relink work (jobs) with Work (purpose).
Humans Are Underrated: What High Achievers Know That Brilliant Machines Never Will by Geoff Colvin
Ada Lovelace, autonomous vehicles, Baxter: Rethink Robotics, behavioural economics, Black Swan, call centre, capital asset pricing model, commoditize, computer age, corporate governance, creative destruction, deskilling, driverless car, en.wikipedia.org, flying shuttle, Freestyle chess, future of work, Google Glasses, Grace Hopper, Hans Moravec, industrial cluster, industrial robot, interchangeable parts, job automation, knowledge worker, low skilled workers, Marc Andreessen, meta-analysis, Narrative Science, new economy, rising living standards, self-driving car, sentiment analysis, Silicon Valley, Skype, social intelligence, Steve Jobs, Steve Wozniak, Steven Levy, Steven Pinker, theory of mind, Tim Cook: Apple, transaction costs, Tyler Cowen
We do not all bring the same social skills, and group effectiveness depends on building up social capital between group members through earning trust and helping one another. It all takes time. An important implication of these findings is that since highly effective teams are rare and valuable, not easily or quickly replicated, keeping them together, once formed, is worth a lot. Exhibit A was Apple’s top team under Steve Jobs. The conventional view of Apple’s success is that it derived from Jobs’s genius and dictatorial management, but Jobs knew that wasn’t nearly enough. He worked extraordinarily hard to assemble and keep a highly effective top team, which is an extremely difficult feat in a successful company. As the company prospers, other firms try to lure away its executives, usually with higher-level, higher-paying, more highly visible roles, and the temptation can be overwhelming.
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Yet in the emerging world of work, the abilities that the humanities nurture are precisely those that the economy will increasingly value. It isn’t just because an appreciation of the humanities will help technologists create better, friendlier, more appealing technology, though that is emphatically true. It was one of Steve Jobs’s favorite themes—that his education at Reed College, a rigorous liberal arts school in Portland, Oregon, led directly to the superior look, feel, and experience of Apple products. He named his son Reed. But now we see also how the humanities bestow another advantage. Far more than engineering or computer science, the humanities strengthen the deep human abilities that will be critical to the success of most people, regardless of whether they work directly in technology.
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Digital media can help sustain strong relationships that were established face-to-face in the real world, but cannot create such strong relationships. It’s the way we’re wired. It may seem ironic that few people have ever understood that fact better than one of the greatest digital geniuses, Steve Jobs. “Despite being a denizen of the digital world, or maybe because he knew all too well its isolating potential, Jobs was a strong believer in face-to-face meetings,” reports Walter Isaacson in his Jobs biography. He quotes Jobs: “‘There’s a temptation in our networked age to think that ideas can be developed by e-mail and iChat.
Prediction Machines: The Simple Economics of Artificial Intelligence by Ajay Agrawal, Joshua Gans, Avi Goldfarb
Abraham Wald, Ada Lovelace, AI winter, Air France Flight 447, Airbus A320, algorithmic bias, AlphaGo, Amazon Picking Challenge, artificial general intelligence, autonomous vehicles, backpropagation, basic income, Bayesian statistics, Black Swan, blockchain, call centre, Capital in the Twenty-First Century by Thomas Piketty, Captain Sullenberger Hudson, carbon tax, Charles Babbage, classic study, collateralized debt obligation, computer age, creative destruction, Daniel Kahneman / Amos Tversky, data acquisition, data is the new oil, data science, deep learning, DeepMind, deskilling, disruptive innovation, driverless car, Elon Musk, en.wikipedia.org, Erik Brynjolfsson, everywhere but in the productivity statistics, financial engineering, fulfillment center, general purpose technology, Geoffrey Hinton, Google Glasses, high net worth, ImageNet competition, income inequality, information retrieval, inventory management, invisible hand, Jeff Hawkins, job automation, John Markoff, Joseph Schumpeter, Kevin Kelly, Lyft, Minecraft, Mitch Kapor, Moneyball by Michael Lewis explains big data, Nate Silver, new economy, Nick Bostrom, On the Economy of Machinery and Manufactures, OpenAI, paperclip maximiser, pattern recognition, performance metric, profit maximization, QWERTY keyboard, race to the bottom, randomized controlled trial, Ray Kurzweil, ride hailing / ride sharing, Robert Solow, Salesforce, Second Machine Age, self-driving car, shareholder value, Silicon Valley, statistical model, Stephen Hawking, Steve Jobs, Steve Jurvetson, Steven Levy, strong AI, The Future of Employment, the long tail, The Signal and the Noise by Nate Silver, Tim Cook: Apple, trolley problem, Turing test, Uber and Lyft, uber lyft, US Airways Flight 1549, Vernor Vinge, vertical integration, warehouse automation, warehouse robotics, Watson beat the top human players on Jeopardy!, William Langewiesche, Y Combinator, zero-sum game
This view of AI does not diminish it. As Steve Jobs once remarked, “One of the things that really separates us from the high primates is that we’re tool builders.” He used the example of the bicycle as a tool that had given people superpowers in locomotion above every other animal. And he felt the same about computers: “What a computer is to me is it’s the most remarkable tool that we’ve ever come up with, and it’s the equivalent of a bicycle for our minds.”1 Today, AI tools predict the intention of speech (Amazon’s Echo), predict command context (Apple’s Siri), predict what you want to buy (Amazon’s recommendations), predict which links will connect you to the information you want to find (Google search), predict when to apply the brakes to avoid danger (Tesla’s Autopilot), and predict the news you will want to read (Facebook’s newsfeed).
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Arithmetic was such an important input into so many things that, when it became cheap, just as light had before, it changed the world. Reducing something to pure cost terms has a way of cutting through hype, although it does not help make the latest and greatest technology seem exciting. You’d never have seen Steve Jobs announce “a new adding machine,” even though that is all he ever did. By reducing the cost of something important, Jobs’s new adding machines were transformative. That brings us to AI. AI will be economically significant precisely because it will make something important much cheaper. Right now, you may be thinking about intellect, reasoning, or thought itself.
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In the case of bookkeepers, the arrival of the spreadsheet diminished the returns to being able to perform many calculations quickly on a calculator. At the same time, it increased the returns to being good at asking the right questions in order to fully take advantage of the technology’s ability to efficiently run scenario analyses. PART FOUR Strategy 15 AI in the C-Suite In January 2007, when Steve Jobs paced the stage and introduced the iPhone to the world, not a single observer reacted by saying, “Well, it’s curtains for the taxi industry.” Yet fast forward to 2018 and that appears to be precisely the case. Over the last decade, smartphones evolved from being simply a smarter phone to an indispensable platform for tools that are disrupting or fundamentally altering all manner of industries.
Other People's Money: Masters of the Universe or Servants of the People? by John Kay
Affordable Care Act / Obamacare, Alan Greenspan, asset-backed security, bank run, banking crisis, Basel III, Bear Stearns, behavioural economics, Bernie Madoff, Big bang: deregulation of the City of London, bitcoin, Black Monday: stock market crash in 1987, Black Swan, Bonfire of the Vanities, bonus culture, book value, Bretton Woods, buy and hold, call centre, capital asset pricing model, Capital in the Twenty-First Century by Thomas Piketty, cognitive dissonance, Cornelius Vanderbilt, corporate governance, Credit Default Swap, cross-subsidies, currency risk, dematerialisation, disinformation, disruptive innovation, diversification, diversified portfolio, Edward Lloyd's coffeehouse, Elon Musk, Eugene Fama: efficient market hypothesis, eurozone crisis, financial engineering, financial innovation, financial intermediation, financial thriller, fixed income, Flash crash, forward guidance, Fractional reserve banking, full employment, George Akerlof, German hyperinflation, Glass-Steagall Act, Goldman Sachs: Vampire Squid, Greenspan put, Growth in a Time of Debt, Ida Tarbell, income inequality, index fund, inflation targeting, information asymmetry, intangible asset, interest rate derivative, interest rate swap, invention of the wheel, Irish property bubble, Isaac Newton, it is difficult to get a man to understand something, when his salary depends on his not understanding it, James Carville said: "I would like to be reincarnated as the bond market. You can intimidate everybody.", Jim Simons, John Meriwether, junk bonds, light touch regulation, London Whale, Long Term Capital Management, loose coupling, low cost airline, M-Pesa, market design, Mary Meeker, megaproject, Michael Milken, millennium bug, mittelstand, Money creation, money market fund, moral hazard, mortgage debt, Myron Scholes, NetJets, new economy, Nick Leeson, Northern Rock, obamacare, Occupy movement, offshore financial centre, oil shock, passive investing, Paul Samuelson, Paul Volcker talking about ATMs, peer-to-peer lending, performance metric, Peter Thiel, Piper Alpha, Ponzi scheme, price mechanism, proprietary trading, purchasing power parity, quantitative easing, quantitative trading / quantitative finance, railway mania, Ralph Waldo Emerson, random walk, reality distortion field, regulatory arbitrage, Renaissance Technologies, rent control, risk free rate, risk tolerance, road to serfdom, Robert Shiller, Ronald Reagan, Schrödinger's Cat, seminal paper, shareholder value, Silicon Valley, Simon Kuznets, South Sea Bubble, sovereign wealth fund, Spread Networks laid a new fibre optics cable between New York and Chicago, Steve Jobs, Steve Wozniak, The Great Moderation, The Market for Lemons, the market place, The Myth of the Rational Market, the payments system, The Wealth of Nations by Adam Smith, The Wisdom of Crowds, Tobin tax, too big to fail, transaction costs, tulip mania, Upton Sinclair, Vanguard fund, vertical integration, Washington Consensus, We are the 99%, Yom Kippur War
Operating assets therefore represent only around 3 per cent of the estimated value of Apple’s business. Apple shares have been listed on NASDAQ since 1980, when the corporation raised $100 million from investors. Even then, the purpose of the issue was not to obtain money to grow the business. As with most flotations of technology companies, the reason for bringing the company to market was to give early investors and employees of the business an opportunity to realise value. Forty members of Apple staff became (paper) millionaires that day, and Steve Jobs’s wealth was estimated at over $200 million. Mike Mark-kula, who had invested $80,000 to enable Jobs and his partner Steve Wozniak to start making computers, was similarly enriched.
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We need mechanisms for transferring wealth over time, and trade in securities is one such mechanism: I will describe the full variety in Chapter 9. We can buy a share in Exxon Mobil’s business and oil reserves now, and sell it when we age, and we can do this without disturbing Exxon Mobil’s investment plans. We can create financial assets such as Apple shares, based on future earnings, and trade them in a similar way, with similar effect. By this means we can thank Steve Jobs for his efforts by giving him a share of Apple’s future profits as well as its current ones. The institutions that traditionally dominated the investment channel were: the investment bank, which searched for those in need of capital; the financial adviser – stockbroker, bank manager, insurance agent – who provided both search (fresh opportunities) and stewardship (continuing guidance) on behalf of individual savers; and investment institutions – principally insurance companies and pension funds and some other pooled investment funds – which engaged in stewardship as they gathered and placed substantial sums through the investment channel.
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But trading in financial markets, and innovation in business, are directed to the search for profit opportunities that have not been taken. The efficient market hypothesis at once captures an important aspect of reality – the absence of easy profits – and neglects an equally fundamental one: that the search for profits that are not easy is the dynamic of a capitalist system. Henry Ford, Walt Disney and Steve Jobs were not attempting to exploit arbitrage opportunities but trying to change the world (as were many less successful entrepreneurs). The wise investor will think twice before rejecting the efficient market hypothesis. Yet the volume of trading we observe in securities markets today would be wholly inexplicable if the hypothesis that all information relevant to security valuation is already in the price were true.
Billion Dollar Brand Club: How Dollar Shave Club, Warby Parker, and Other Disruptors Are Remaking What We Buy by Lawrence Ingrassia
air freight, Airbnb, airport security, Amazon Robotics, augmented reality, barriers to entry, call centre, commoditize, computer vision, data science, fake news, fulfillment center, global supply chain, Hacker News, industrial robot, Jeff Bezos, Kickstarter, Kiva Systems, Lyft, Mark Zuckerberg, minimum viable product, natural language processing, Netflix Prize, rolodex, San Francisco homelessness, side project, Silicon Valley, Silicon Valley startup, Snapchat, Steve Jobs, supply-chain management, Uber and Lyft, uber lyft, warehouse automation, warehouse robotics, WeWork
the person on the other end of the line asked. “I’m calling for Steve Jobs.” Masinter, a Dallas real estate developer then in his mid-thirties, replied with a swear word and hung up. Later that day, he got a call from Stephen Gordon, the founder of Restoration Hardware, a fast-growing retailer Masinter had invested in and advised on its retail strategy. “Hey, by chance did Steve Jobs call you, or someone from Steve’s office?” Gordon asked. Masinter responded with the same swear word and added, “Come on, man, that’s not even funny.” Told that indeed it was Jobs trying to reach him, and that the Apple CEO wanted to set up a meeting, Masinter wondered aloud, “Why would he want to meet with me?
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At the end of the discussion, he basically told me it was the worst presentation he’d ever seen,” Masinter recalls. But Jobs added, “I’ll give you a second chance. I’m not encouraging you to do it, but if you want, we’re going to give you another shot.” In retrospect, Masinter suspects, it was classic Steve Jobs: “I think he was truly measuring us. And we stood our ground.” Masinter returned for a follow-up meeting with a slightly tweaked proposal that still included malls as the best location for many of Apple’s new stores. Jobs didn’t bother attending the meeting himself and instead dispatched underlings, but afterward he made the mission clear, Masinter recalls: “Go find amazing real estate in the right places, but it must without compromise be able to afford us the opportunity to build something on brand and very special, and don’t dare bring back anything that wouldn’t pass that test.”
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Masinter’s idea was that new brands could rent and share space with other new brands for two to twelve months, in an uncluttered, minimalist store with a stylish design sensibility, staffed by trained sales associates carrying iPads to help customers out—much like, well, Apple Stores. “I learned so much about design and design execution from Steve Jobs,” Masinter explains. “I adapted it in everything I do today. Don’t think that I didn’t hearken back to all the lessons I learned from him when I was thinking about Neighborhood Goods.” After getting home from his bike ride and jumping into his pool to cool off, he called Andy Dunn, the cofounder of Bonobos, who responded, “Wow, that’s a pretty good idea!
Antifragile: Things That Gain From Disorder by Nassim Nicholas Taleb
"World Economic Forum" Davos, Air France Flight 447, Alan Greenspan, Andrei Shleifer, anti-fragile, banking crisis, Benoit Mandelbrot, Berlin Wall, biodiversity loss, Black Swan, business cycle, caloric restriction, caloric restriction, Chuck Templeton: OpenTable:, commoditize, creative destruction, credit crunch, Daniel Kahneman / Amos Tversky, David Ricardo: comparative advantage, discrete time, double entry bookkeeping, Emanuel Derman, epigenetics, fail fast, financial engineering, financial independence, Flash crash, flying shuttle, Gary Taubes, George Santayana, Gini coefficient, Helicobacter pylori, Henri Poincaré, Higgs boson, high net worth, hygiene hypothesis, Ignaz Semmelweis: hand washing, informal economy, invention of the wheel, invisible hand, Isaac Newton, James Hargreaves, Jane Jacobs, Jim Simons, joint-stock company, joint-stock limited liability company, Joseph Schumpeter, Kenneth Arrow, knowledge economy, language acquisition, Lao Tzu, Long Term Capital Management, loss aversion, Louis Pasteur, mandelbrot fractal, Marc Andreessen, Mark Spitznagel, meta-analysis, microbiome, money market fund, moral hazard, mouse model, Myron Scholes, Norbert Wiener, pattern recognition, Paul Samuelson, placebo effect, Ponzi scheme, Post-Keynesian economics, power law, principal–agent problem, purchasing power parity, quantitative trading / quantitative finance, Ralph Nader, random walk, Ray Kurzweil, rent control, Republic of Letters, Ronald Reagan, Rory Sutherland, Rupert Read, selection bias, Silicon Valley, six sigma, spinning jenny, statistical model, Steve Jobs, Steven Pinker, Stewart Brand, stochastic process, stochastic volatility, synthetic biology, tacit knowledge, tail risk, Thales and the olive presses, Thales of Miletus, The Great Moderation, the new new thing, The Wealth of Nations by Adam Smith, Thomas Bayes, Thomas Malthus, too big to fail, transaction costs, urban planning, Vilfredo Pareto, Yogi Berra, Zipf's Law
There are, of course, exceptions: corporations with the soul of artisans, some with even the soul of artists. Rohan Silva once remarked that Steve Jobs wanted the inside of the Apple products to look aesthetically appealing, although they are designed to remain unseen by the customer. This is something only a true artisan would do—carpenters with personal pride feel fake when treating the inside of cabinets differently from the outside. Again, this is a form of redundancy, one with an aesthetic and ethical payoff. But Steve Jobs was one of the rare exceptions in the Highly Talked About Completely Misunderstood Said to Be Efficient Corporate Global Economy.
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The northern Levant was since ancient times dominated by traders, largely owing to its position as a central spot on the Silk Road, and by agricultural lords, as the province supplied wheat to much of the Mediterranean world, particularly Rome. The area supplied a few Roman emperors, a few Catholic popes before the schisms, and more than thirty Greek language writers and philosophers (which includes many of the heads of Plato’s academy), in addition to the ancestors of the American visionary and computer entrepreneur Steve Jobs, who brought us the Apple computer, on one of which I am recopying these lines (and the iPad tablet, on which you may be reading them). We know of the autonomy of the province from the records during Roman days, as it was then managed by the local elites, a decentralized method of ruling through locals that the Ottoman retained.
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Or, even better, how to dare to look our ignorance in the face and not be ashamed of being human—be aggressively and proudly human. But that may require some structural changes. What I propose is a road map to modify our man-made systems to let the simple—and natural—take their course. But simplicity is not so simple to attain. Steve Jobs figured out that “you have to work hard to get your thinking clean to make it simple.” The Arabs have an expression for trenchant prose: no skill to understand it, mastery to write it. Heuristics are simplified rules of thumb that make things simple and easy to implement. But their main advantage is that the user knows that they are not perfect, just expedient, and is therefore less fooled by their powers.
Don't Trust Your Gut: Using Data to Get What You Really Want in LIfe by Seth Stephens-Davidowitz
affirmative action, Airbnb, cognitive bias, commoditize, correlation does not imply causation, COVID-19, Daniel Kahneman / Amos Tversky, data science, deep learning, digital map, Donald Trump, en.wikipedia.org, Erik Brynjolfsson, General Magic , global pandemic, Mark Zuckerberg, meta-analysis, Moneyball by Michael Lewis explains big data, Paul Graham, peak-end rule, randomized controlled trial, Renaissance Technologies, Sam Altman, science of happiness, selection bias, side hustle, Silicon Valley, Steve Jobs, Steve Wozniak, systematic bias, Tony Fadell, twin studies, Tyler Cowen, urban planning, Y Combinator
Myth: The Advantage of Youth Think of a successful founder of a business. Who is the first person who comes to mind? Unless you have spent the past few minutes Googling around for how to create a Tony Fadell poster, it is probably someone like Steve Jobs. Or Bill Gates. Or Mark Zuckerberg. One feature these world-famous founders all have in common is the stage of life at which they founded their business empires. They were all young. Jobs started Apple when he was twenty-one years old. Gates began Microsoft at nineteen. Zuckerberg created Facebook at the age of nineteen. It is not a coincidence that so many young people come to mind when we think of successful entrepreneurs.
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Paul Graham, the brilliant essayist and founder of Y Combinator, a start-up accelerator, wrote a fascinating and provocative essay arguing that people who have failed a lot can actually have an edge in entrepreneurship. In the essay, called “The Power of the Marginal,” Graham notes that “great new things often come from the margins.” Graham points to the examples of the founders of Apple, Steve Jobs and Steve Wozniak. Jobs and Wozniak, Graham writes, “can’t have looked good on paper” when they started their now-iconic company. At the time, they were “a pair of college dropouts” and “hippies” whose only business experience consisted of creating blue boxes to hack into phone systems. Graham suspects that stories such as that of Jobs and Wozniak—successful founders who didn’t look good on paper—may not be mere anomalies.
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Jim Lewis named his firstborn James Alan, while Jim Springer named his James Allan. Had Mr. Lewis and Mr. Springer never met each other, they might have assumed their parents played big roles in creating some of their tastes. But it appears those interests were, to a large degree, coded in their DNA. Steve Jobs, who was adopted, had his own epiphany in the importance of genetics when he met, for the first time, his biological sister, Mona Simpson, at the age of twenty-seven. He was struck by how similar they were, including having both risen to the top of a creative field. (Simpson is an award-winning novelist.)
Volt Rush: The Winners and Losers in the Race to Go Green by Henry Sanderson
"World Economic Forum" Davos, activist fund / activist shareholder / activist investor, animal electricity, autonomous vehicles, Boris Johnson, carbon footprint, Carl Icahn, circular economy, commodity super cycle, corporate governance, corporate social responsibility, COVID-19, David Attenborough, decarbonisation, Deng Xiaoping, Dissolution of the Soviet Union, Donald Trump, Elon Musk, energy transition, Extinction Rebellion, Exxon Valdez, Fairphone, Ford Model T, gigafactory, global supply chain, Global Witness, income per capita, Internet of things, invention of the steam engine, Kickstarter, lockdown, megacity, Menlo Park, oil shale / tar sands, planned obsolescence, popular capitalism, purchasing power parity, QR code, reality distortion field, Ronald Reagan, Scramble for Africa, short squeeze, Silicon Valley, Silicon Valley startup, smart grid, sovereign wealth fund, Steve Jobs, supply-chain management, tech billionaire, Tesla Model S, The Chicago School, the new new thing, three-masted sailing ship, Tony Fadell, UNCLOS, WikiLeaks, work culture
., ‘Transparency on greenhouse gas emissions from mining to enable climate change mitigation’, Nature Geoscience, 13 (2020), 100–4. 6 ‘CRU/CESCO-WRAPUP 1 – As copper projects rev up, deficit still seen’, Reuters, 8 April 2010. 7 Lipton, E., Searcey, D., ‘How the US lost ground to China in the contest for clean energy’, New York Times, 21 November 2021. 8 Isaacson, W., Steve Jobs: The Exclusive Biography (New York, Simon & Schuster, 2015), p. 37. 9 Brennan, The Bite in the Apple, p. 85. 10 Ibid. 11 Isaacson, Steve Jobs, p. 39. 12 McNish, The Big Score, p. 26. 13 ‘Controversial investor makes Burma centrepiece of Asian plan’, Inter Press Service News Agency, 10 December 1996. 14 Larmer, M., ‘At the crossroads: mining and political change on the Katangese-Zambian copperbelt’, Oxford Handbooks Online, July 2016, www.oxfordhandbooks.com/view/10.1093/oxfordhb/9780199935369.001.0001/oxfordhb-9780199935369-e-20?
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.* Despite the criticisms, however, Yuma was close to Kabila and momentum had been building in Kinshasa for a change in the country’s 2002 mining code, which had been formed in the middle of a civil war – in order to secure more of the cobalt revenues for the Congo. In early March of 2018 a number of small private planes landed in Kinshasa N’djili International Airport. They carried the chief executives of some of the largest miners in the country: Robert Friedland of Ivanhoe Mines, a legendary stock promoter who had been university friends with Steve Jobs from Apple; Glasenberg of Glencore; Mark Bristow, the tough-talking South African head of gold producer Randgold; and Steele Li, the head of China Molybdenum, which had just bought up one of the DRC’s largest copper and cobalt mines. It was not easy to summon this group of leaders to one place, and only a few countries could manage it: China being one, and the DRC the other.
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To go from drilling holes to building an economic mine is a process requiring relentless optimism, hard work and hope. The man behind this discovery had those qualities in spades: Robert Friedland, a billionaire Canadian-American miner and film producer, whose credits included Crazy Rich Asians. A university friend of Apple’s Steve Jobs, Friedland had made his career discovering, developing and then selling mines in far-flung corners of the world. He had helped discover one of the largest nickel deposits in Canada in the early 1990s, and then the giant Oyu Tolgoi copper mine in Mongolia a decade later. And here off a dusty road in the Congo he had found a third.
Who Needs the Fed?: What Taylor Swift, Uber, and Robots Tell Us About Money, Credit, and Why We Should Abolish America's Central Bank by John Tamny
Airbnb, Alan Greenspan, Apollo 13, bank run, Bear Stearns, Bernie Madoff, bitcoin, Bretton Woods, business logic, buy and hold, Carl Icahn, Carmen Reinhart, corporate raider, correlation does not imply causation, cotton gin, creative destruction, Credit Default Swap, crony capitalism, crowdsourcing, Donald Trump, Downton Abbey, Fairchild Semiconductor, fiat currency, financial innovation, Fractional reserve banking, full employment, George Gilder, Glass-Steagall Act, Home mortgage interest deduction, Jeff Bezos, job automation, Joseph Schumpeter, junk bonds, Kenneth Rogoff, Kickstarter, Larry Ellison, liquidity trap, low interest rates, Mark Zuckerberg, market bubble, Michael Milken, Money creation, money market fund, moral hazard, mortgage tax deduction, NetJets, offshore financial centre, oil shock, peak oil, Peter Thiel, Phillips curve, price stability, profit motive, quantitative easing, race to the bottom, Ronald Reagan, self-driving car, sharing economy, Silicon Valley, Silicon Valley startup, Solyndra, Steve Jobs, The Wealth of Nations by Adam Smith, too big to fail, Travis Kalanick, Uber for X, War on Poverty, yield curve
In modern times, Edison is most often compared to the late Steve Jobs. Most readers know Jobs as the person who not only founded Apple Computer but who, upon his return to Apple in 1997, oversaw the creation of jaw-dropping innovations such as the iMac, iPod, iPhone, and iPad. What often goes unappreciated is that Jobs, like Edison, experienced plenty of failure on the way to success. When Jobs stepped down in 2011 as CEO of Apple in order to fight an unsuccessful battle against cancer, Nick Schulz penned a brilliant article, “Steve Jobs: America’s Greatest Failure.” Schulz wrote: Jobs was the architect of Lisa, introduced in the early 1980s.
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George Gilder, Knowledge and Power (Washington, D.C.: Regnery, 2013), 5. 9. Thomas Kessner, Capital City: New York City and the Men behind America’s Rise to Economic Dominance, 1860–1900 (New York: Simon & Schuster, 2004), 216. 10. Nick Schulz, “Steve Jobs: America’s Greatest Failure,” National Review online, August 25, 2011. 11. Dawn Kawamoto, Ben Heskett, and Mike Ricciuti, “Microsoft to invest $150 million in Apple,” CNET, August 6, 1997. 12. Walter Isaacson, The Innovators (New York: Simon & Schuster, 2014), 184. 13. Robert L. Bartley, The Seven Fat Years (New York: Free Press, 1992), 142. 14. Isaacson, The Innovators, 185. 15.
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The Clintons are maybe who President Obama was talking about when he famously uttered, “You didn’t build that.”6 The Clintons are extraordinarily rich not because Bill discovered a cure for cancer, or because Hillary has a knack for resuscitating companies that are on the proverbial deathbed, or because both excel as Ford, Rockefeller, and Steve Jobs did at mass-producing former baubles of the rich. No, the Clintons are rich for having been lucky enough to make a profession of politics in the richest, most innovative country on earth. Without a hint of hyperbole, the wealth they enjoy is the result of the federal government confiscating it from its actual creators.
Future Crimes: Everything Is Connected, Everyone Is Vulnerable and What We Can Do About It by Marc Goodman
23andMe, 3D printing, active measures, additive manufacturing, Affordable Care Act / Obamacare, Airbnb, airport security, Albert Einstein, algorithmic trading, Alvin Toffler, Apollo 11, Apollo 13, artificial general intelligence, Asilomar, Asilomar Conference on Recombinant DNA, augmented reality, autonomous vehicles, Baxter: Rethink Robotics, Bill Joy: nanobots, bitcoin, Black Swan, blockchain, borderless world, Boston Dynamics, Brian Krebs, business process, butterfly effect, call centre, Charles Lindbergh, Chelsea Manning, Citizen Lab, cloud computing, Cody Wilson, cognitive dissonance, computer vision, connected car, corporate governance, crowdsourcing, cryptocurrency, data acquisition, data is the new oil, data science, Dean Kamen, deep learning, DeepMind, digital rights, disinformation, disintermediation, Dogecoin, don't be evil, double helix, Downton Abbey, driverless car, drone strike, Edward Snowden, Elon Musk, Erik Brynjolfsson, Evgeny Morozov, Filter Bubble, Firefox, Flash crash, Free Software Foundation, future of work, game design, gamification, global pandemic, Google Chrome, Google Earth, Google Glasses, Gordon Gekko, Hacker News, high net worth, High speed trading, hive mind, Howard Rheingold, hypertext link, illegal immigration, impulse control, industrial robot, information security, Intergovernmental Panel on Climate Change (IPCC), Internet of things, Jaron Lanier, Jeff Bezos, job automation, John Harrison: Longitude, John Markoff, Joi Ito, Jony Ive, Julian Assange, Kevin Kelly, Khan Academy, Kickstarter, Kiva Systems, knowledge worker, Kuwabatake Sanjuro: assassination market, Large Hadron Collider, Larry Ellison, Laura Poitras, Law of Accelerating Returns, Lean Startup, license plate recognition, lifelogging, litecoin, low earth orbit, M-Pesa, machine translation, Mark Zuckerberg, Marshall McLuhan, Menlo Park, Metcalfe’s law, MITM: man-in-the-middle, mobile money, more computing power than Apollo, move fast and break things, Nate Silver, national security letter, natural language processing, Nick Bostrom, obamacare, Occupy movement, Oculus Rift, off grid, off-the-grid, offshore financial centre, operational security, optical character recognition, Parag Khanna, pattern recognition, peer-to-peer, personalized medicine, Peter H. Diamandis: Planetary Resources, Peter Thiel, pre–internet, printed gun, RAND corporation, ransomware, Ray Kurzweil, Recombinant DNA, refrigerator car, RFID, ride hailing / ride sharing, Rodney Brooks, Ross Ulbricht, Russell Brand, Salesforce, Satoshi Nakamoto, Second Machine Age, security theater, self-driving car, shareholder value, Sheryl Sandberg, Silicon Valley, Silicon Valley startup, SimCity, Skype, smart cities, smart grid, smart meter, Snapchat, social graph, SoftBank, software as a service, speech recognition, stealth mode startup, Stephen Hawking, Steve Jobs, Steve Wozniak, strong AI, Stuxnet, subscription business, supply-chain management, synthetic biology, tech worker, technological singularity, TED Talk, telepresence, telepresence robot, Tesla Model S, The future is already here, The Future of Employment, the long tail, The Wisdom of Crowds, Tim Cook: Apple, trade route, uranium enrichment, Virgin Galactic, Wall-E, warehouse robotics, Watson beat the top human players on Jeopardy!, Wave and Pay, We are Anonymous. We are Legion, web application, Westphalian system, WikiLeaks, Y Combinator, you are the product, zero day
By finally creating its own mobile app for users, Facebook devised not only a better user experience but also a new tool for grabbing voluminous amounts of data from a user’s mobile device. Pilfering Your Data? There’s an App for That An Apple iPhone commercial in 2009 famously introduced us to the phrase “there’s an app for that” as a means of demonstrating there is an iPhone application for every possible human need. A bold statement at the time, but perhaps Steve Jobs was right. Since its launch in 2008, there have been more than sixty-five billion downloads from Apple’s App Store, generating revenues of over $10 billion in 2013 alone. To compete with Apple, Google launched its own app store known as Google Play, and each company hosts more than a million separate applications available for download.
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Think of the design of an iPhone 6, an Eames lounge chair, a Ferrari 458 Italia, or a Leica T camera—products that are meant to delight. Not only are these tools functional, but they are beautiful, created by people who had a close and deep understanding of their customers and their needs. When one watched Steve Jobs onstage describe his latest products, there was no doubt that each and every one was imbued with the love of its creators. So where’s the Steve Jobs of security? What might Apple’s chief designer, Jony Ive, bring to the problem of our growing cyber insecurity? What would his firewall or antivirus program look like? Thus far, we have no idea, and that is a huge problem. It is a problem because when security features are not designed well, people simply don’t use them.
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In the early days of hacking, it was the telephone system that was the target of hackers’ attention as so-called phone phreaks manipulated the network to avoid the sky-high costs of long-distance calls. Let’s not forget two hackers who spent part of their youth back in 1971 building “blue boxes,” devices capable of hacking the phone network and making free calls: Steve Wozniak and Steve Jobs. The pair sold blue boxes to students at UC Berkeley as a means of making money that would effectively help fund their other small start-up, the Apple computer company. As time passed, other notable hackers emerged, such as Kevin Mitnick and Kevin Poulsen. Mitnick famously broke into the Digital Equipment Corporation’s computers at the age of sixteen and went on to a string of such cyber intrusions, earning him the FBI’s ire and the distinction of being “America’s most wanted hacker.”
Where Does It Hurt?: An Entrepreneur's Guide to Fixing Health Care by Jonathan Bush, Stephen Baker
Affordable Care Act / Obamacare, Alan Greenspan, Atul Gawande, barriers to entry, Clayton Christensen, commoditize, data science, informal economy, inventory management, job automation, knowledge economy, lifelogging, obamacare, personalized medicine, ride hailing / ride sharing, Ronald Reagan, Salesforce, Silicon Valley, Steve Jobs, web application, women in the workforce, working poor
Even more important, the people at the hospital would be carrying out great and heroic work, rescuing lives. That’s what attracted them to medicine in the first place. It has to be a lot more fulfilling than shuttling through patients for overpriced MRIs and colonoscopies. This specialization is already happening. Consider the case of Steve Jobs, the iconic co-founder of Apple Inc. In 2009, he was fighting pancreatic cancer and desperately needed a liver transplant. A billionaire, Jobs had the wherewithal to shop. Traveling on a private jet, he visited hospitals around the country and got himself on various liver transplant waiting lists. Then one day in June of that year, he got the call that Methodist University Hospital in Memphis had access to the liver of a young car-crash victim.
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And they’re engaged in radical and unusual behavior. They’re busy making money in health care by building something new and appealing to shoppers. For me, they’re much like the wildcatters who stormed to fortunes in oil, and the hackers, like the Steve Jobs, who outraced the staid leaders of technology and helped to build a new information economy. These people, to quote Apple’s iconic 1984 commercial, are the “crazy ones.” These crazy ones are committed to health and their patients, of course, but I’ve noticed that most of them don’t mind talking about money. It’s a subject that is broached only in hushed tones and inscrutable bills in the great research hospitals.
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I reached the conclusion not long ago that anger, either white hot or smoldering, is a fundamental fuel for entrepreneurs. They don’t have to be angry all of the time, of course; that would be no fun for anyone. But it helps if deep down they nurse some wound, grievance, or perhaps a sense of injustice. The anger gets them stoked. I think Steve Jobs was often angry. I often see myself as friendly and humorous. Sometimes I am, but in thinking through phases of my life for this book, I realized that during many of my most productive stretches, I was seething, and also terrified of impending failure. This combination of fear and anger, along with a good bit of luck, served me well during those difficult months.
The Investment Checklist: The Art of In-Depth Research by Michael Shearn
accelerated depreciation, AOL-Time Warner, Asian financial crisis, barriers to entry, Bear Stearns, book value, business cycle, call centre, Carl Icahn, Clayton Christensen, collective bargaining, commoditize, compensation consultant, compound rate of return, Credit Default Swap, currency risk, do what you love, electricity market, estate planning, financial engineering, Henry Singleton, intangible asset, Jeff Bezos, Larry Ellison, London Interbank Offered Rate, margin call, Mark Zuckerberg, money market fund, Network effects, PalmPilot, pink-collar, risk tolerance, shareholder value, six sigma, Skype, Steve Jobs, stock buybacks, subscription business, supply-chain management, technology bubble, Teledyne, time value of money, transaction costs, urban planning, women in the workforce, young professional
When these managers then enter a new business, they often run into problems because they don’t have that support network, and many fail to perform. In addition, most of these managers are great cost cutters but fail when it comes to growing the business. There are very few cases where a manager is good at both cutting costs and building the business such as Steve Jobs, founder of Apple. When he returned to Apple in 1997, Apple was on the brink of bankruptcy. Jobs was able to cut costs to keep Apple out of bankruptcy and then rebuilt its entire product line and organization. When you learn that an outsider has joined to lead the business, respond with extreme caution. RHR International, a Chicago-headquartered management consultant, states that 40 percent to 60 percent of high-level corporate executives brought in from outside the company will leave within two years.
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Although, the skyscraper will generate huge returns for its investors over long periods of time, the flipped five-story building, although profitable to the lone hyena, will generate more limited returns for outside investors. Tan explains further: “How did Apple catapult from $5 billion in market capitalization in early 2003 to a market cap of $220 billion?” Tan contrasts Apple with Palm, which brought out the pioneering Palm Pilot product. Why was Palm, with a $90 billion market cap at its peak, bought out in 2010 by Hewlett-Packard, as Seng Hock asks, “for a mere $1.2 billion?” The difference was that Apple was run by a Lion manager: Steve Jobs. Most competent early-stage companies do not cross the chasm to an established business because they lack the lion manager’s infrastructure—the teamwork, the know-how, the necessary institutional structures, and the culture.
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Country Risks You need to understand the risks of doing business in each of the countries where a business earns more than 10 percent of its revenue. For example, Brazil has a complicated tax code and archaic employment laws. (The cost of hiring someone is usually about 100 percent of that person’s base salary, per month, in addition to the base salary.) Apple does not have any stores in Brazil, even though Brazil is one of the fastest-growing consumer markets in the world: When CEO Steve Jobs was asked why he did not operate in Brazil, he said the “crazy, super-high tax policies” were too much for his company.9 Be careful extrapolating the past success of a business in a foreign market into the future. You need to consider that the government policies for foreign investment can easily change.
Do Over: Rescue Monday, Reinvent Your Work, and Never Get Stuck by Jon Acuff
Albert Einstein, fear of failure, Johann Wolfgang von Goethe, Kickstarter, Mark Zuckerberg, Ruby on Rails, Skype, Steve Jobs, TED Talk, Tony Hsieh
It springs them up from the depths, back into the light, fueled by a decision never to experience that low again. Or to help make sure other people don’t end up there either. Is there anyone who doubts that being fired from his own company didn’t fuel Steve Jobs? Having lost his baby, having been pushed out by his own board in 1985, is there anyone who doesn’t think he licked his wounds and started planning a triumphant return? Would Apple have been Apple without Steve’s underdog moment that came full circle when he came back to Apple in 1996?1 Hard to say, but his Career Bump did impact him and the company. What’s fascinating is that even the bumps that aren’t work related can lead to new career adventures.
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Jamie Chavez Blog, “Be Regular and Orderly in Your Life so That You May Be Violent and Original in Your Work” (September 15, 2011), http://www.jamiechavez.com/blog/2011/09/be-regular-and-orderly-in-your-life-so-that-you-may-be-violent-and-original-in-your-work/. 4. Jacquelyn Smith, “Steve Jobs Always Dressed Exactly the Same. Here’s Who Else Does,” Forbes (October 4, 2012), http://www.forbes.com/sites/jacquelynsmith/2012/10/05/steve-jobs-always-dressed-exactly-the-same-heres-who-else-does/. 5. Michael Lewis, “Obama’s Way,” Vanity Fair (October 2012), http://www.vanityfair.com/politics/2012/10/michael-lewis-profile-barack-obama. Chapter 15 1. The Shawshank Redemption, Directed by Frank Darabont (USA Castle Rock Entertainment, 1994), DVD. 2.
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We compare the manicured Instagram feeds of our friends to the messy reality of our own lives and come up lacking. We think everyone else has it all figured out so we pretend to as well. If we ever investigated the lives of anyone successful we’d realize they never accomplished what they have all alone. Star quarterbacks have linemen. Steve Jobs didn’t design the iPhone by himself. Oprah doesn’t run the cameras. We all need people to help us and the only way they can, especially casual relationships, is if we give them information. Not all of the information. The best way to end a casual relationship is to turn a fire hose on it. But just tell them the truth.
Dataclysm: Who We Are (When We Think No One's Looking) by Christian Rudder
4chan, Affordable Care Act / Obamacare, bitcoin, cloud computing, correlation does not imply causation, crowdsourcing, cuban missile crisis, data science, Donald Trump, Edward Snowden, en.wikipedia.org, fake it until you make it, Frank Gehry, Howard Zinn, Jaron Lanier, John Markoff, John Snow's cholera map, lifelogging, Mahatma Gandhi, Mikhail Gorbachev, Nate Silver, Nelson Mandela, new economy, obamacare, Occupy movement, p-value, power law, pre–internet, prosperity theology / prosperity gospel / gospel of success, race to the bottom, retail therapy, Salesforce, selection bias, Snapchat, social graph, Steve Jobs, the scientific method, the strength of weak ties, Twitter Arab Spring, two and twenty
Facebook allowed us to see See “The Anatomy of the Facebook Social Graph,” by Johan Ugander et al. (arXiv preprint, 2011, arXiv: 1111.4503). Pixar famously put The idea was Steve Jobs’s. I first heard of this anecdote in Jonah Lehrer’s Imagine (Edinburgh, UK: Canongate, 2012). See BuzzFeed’s “Inside Steve Jobs’ Mind-Blowing Pixar Campus,” by Adam B. Vary, for more details. Vary mind-blowingly interviews Craig Payne, a senior Pixar manager: buzzfeed.com/adambvary/inside-steve-jobs-mindblowing-pixar-campus. “the strength of weak ties” See “The Strength of Weak Ties” by Mark S. Granovetter, American Journal of Sociology 78, no. 6 (1973): 1360–80.
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Conquerors, tycoons, martyrs, saviors, even scoundrels (especially scoundrels!)—their lives are how we’ve told our larger story, how we’ve marked our progression from the banks of a couple of silty rivers to wherever we are now. From Pharaoh Narmer in BCE 3100, the first living man whose name we still know, to Steve Jobs and Nelson Mandela—the heroic framework is how people order the world. Narmer was first on an ancient list of kings. The scribes have changed, but that list has continued on. I mean, the 1960s, power to the people and so on, is the perfect example: that’s the era of Lennon and McCartney, Dylan, Hendrix, not “Guy at Party.”
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Anyone who tells you otherwise, from the cupcake-shop owner down the street to the CEO in the boardroom, is lying. Part of it is the “… is always right” thing—nobody likes a person with that much power. But by far the biggest cause of frustration is that people don’t understand and can’t articulate what they actually need. As Steve Jobs said, “People don’t know what they want until you show it to them.” What he didn’t say is that showing them, especially in tech, means playing a game of Pin the Tail on the Donkey with several million people shouting advice. If you are, say, a car company and people don’t like some part of your product, they mostly tell you indirectly, by not buying it.
Bootstrapping: Douglas Engelbart, Coevolution, and the Origins of Personal Computing (Writing Science) by Thierry Bardini
Apple II, augmented reality, Bill Duvall, Charles Babbage, classic study, Compatible Time-Sharing System, Computing Machinery and Intelligence, conceptual framework, Donald Davies, Douglas Engelbart, Douglas Engelbart, Dynabook, experimental subject, Grace Hopper, hiring and firing, hypertext link, index card, information retrieval, invention of hypertext, Ivan Sutherland, Jaron Lanier, Jeff Rulifson, John von Neumann, knowledge worker, Leonard Kleinrock, Menlo Park, military-industrial complex, Mother of all demos, Multics, new economy, Norbert Wiener, Norman Mailer, packet switching, Project Xanadu, QWERTY keyboard, Ralph Waldo Emerson, RAND corporation, RFC: Request For Comment, Sapir-Whorf hypothesis, Silicon Valley, Steve Crocker, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, stochastic process, Ted Nelson, the medium is the message, theory of mind, Turing test, unbiased observer, Vannevar Bush, Whole Earth Catalog, work culture
They absolutely refused, they wouldn't do 174 The ArrIval of the Real User it, we could not sell them on the concept of the mouse, we showed them the re- port, we showed them the mouse, and what they did instead was to put a little finger-sensitive tablet on the keyboard. . . which was useless, it was so bad that finally they gave it up, but they wouldn't use the mouse. . . they said people don't want that extra thing on their desk. . . that was just really difficult to understand, in the same company. . . it was just crazy. . . . It wasn't until Apple picked it up. . . . I mean, it was the real change from there, Steve Jobs saw the technology at PARC and pIcked it up right away. The mouse attracted Steve Jobs's attention during Larry Tesler's demon- stration of the Alto at PARC, and when Tesler moved to Apple a few months later, the mouse moved with him. This last move, at the end of the bootstrap- ping process, was the one that made a star out of the mouse, to the extent that many still believe that Apple invented the mouse. Although Apple never claimed such an invention, some of its employees still occasionally say that "we're the ones who perfected the mouse by getting rid of these extra buttons" (Bruce Tagliazini, quoted in Card and Moran 1988, 524).
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(Johnson et al. 1989, 25-26) The "other" personal computer revolution that redefined the idea of the per- sonal computer was indeed partly the result of the computing philosophy that had led to the Star and that had invented a personal user for the computer. The final stages of product development and marketing of the interface for the per- sonal computer, however, occurred at Apple, not at Xerox. Apple and The End of the Bootstrapping Process The fairy-tale story of the founding of Apple Computer by Steve Jobs and Steve Wozniak, beginning with the Apple I and the meetings of computer hobbyists at the Home Brew Computer Club in a Palo Alto burger joint, is often told and need not be repeated here. It is necessary, however, to trace the path followed by Douglas Engelbart's innovations as they reached their terminus in the form in which they now are employed, a form very different from the one Engelbart had envisioned for them.
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It is necessary, however, to trace the path followed by Douglas Engelbart's innovations as they reached their terminus in the form in which they now are employed, a form very different from the one Engelbart had envisioned for them. And the incorporation of those innovations into the Apple computer via their further development at Xerox PARC forms the con- clusion of that story. It also registers the ultimate translation of the conception of the user. At Apple, the user finally became "everybody," conceived this time as indeed everybody-as consumers of a commercial product, not candidates for coevolutionary change or as "Sally." In November 1979, Steve Jobs visited Xerox PARC, and Larry Tesler dem- onstrated the latest implementation of Smalltalk on the Alto. In Tesler's words: I70 The Arrival of the Real User "I was about the only person there interested in personal computers, so they said, 'you can talk to these people from Apple'" (Rogers 1983, 89).
Surveillance Valley: The Rise of the Military-Digital Complex by Yasha Levine
23andMe, activist fund / activist shareholder / activist investor, Adam Curtis, Airbnb, AltaVista, Amazon Web Services, Anne Wojcicki, anti-communist, AOL-Time Warner, Apple's 1984 Super Bowl advert, bitcoin, Black Lives Matter, borderless world, Boston Dynamics, British Empire, Californian Ideology, call centre, Charles Babbage, Chelsea Manning, cloud computing, collaborative editing, colonial rule, company town, computer age, computerized markets, corporate governance, crowdsourcing, cryptocurrency, data science, digital map, disinformation, don't be evil, Donald Trump, Douglas Engelbart, Douglas Engelbart, Dr. Strangelove, drone strike, dual-use technology, Edward Snowden, El Camino Real, Electric Kool-Aid Acid Test, Elon Musk, end-to-end encryption, fake news, fault tolerance, gentrification, George Gilder, ghettoisation, global village, Google Chrome, Google Earth, Google Hangouts, Greyball, Hacker Conference 1984, Howard Zinn, hypertext link, IBM and the Holocaust, index card, Jacob Appelbaum, Jeff Bezos, jimmy wales, John Gilmore, John Markoff, John Perry Barlow, John von Neumann, Julian Assange, Kevin Kelly, Kickstarter, Laura Poitras, life extension, Lyft, machine readable, Mark Zuckerberg, market bubble, Menlo Park, military-industrial complex, Mitch Kapor, natural language processing, Neal Stephenson, Network effects, new economy, Norbert Wiener, off-the-grid, One Laptop per Child (OLPC), packet switching, PageRank, Paul Buchheit, peer-to-peer, Peter Thiel, Philip Mirowski, plutocrats, private military company, RAND corporation, Ronald Reagan, Ross Ulbricht, Satoshi Nakamoto, self-driving car, sentiment analysis, shareholder value, Sheryl Sandberg, side project, Silicon Valley, Silicon Valley startup, Skype, slashdot, Snapchat, Snow Crash, SoftBank, speech recognition, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, Susan Wojcicki, Telecommunications Act of 1996, telepresence, telepresence robot, The Bell Curve by Richard Herrnstein and Charles Murray, The Hackers Conference, Tony Fadell, uber lyft, vertical integration, Whole Earth Catalog, Whole Earth Review, WikiLeaks
A draft of that campaign read: “True enough, there are monster computers lurking in big business and big government that know everything from what motels you’ve stayed at to how much money you have in the bank. But at Apple we’re trying to balance the scales by giving individuals the kind of computer power once reserved for corporations.” Apple cofounder and CEO Steve Jobs was a huge Stewart Brand fan.37 He was just a kid in the late 1960s when the magazine and commune culture were at their peak of popularity and power, but he read the Whole Earth Catalog and absorbed its culture into his own worldview. So it wasn’t surprising that the original Apple ad campaign that hinted at computers as corporate and government monsters was left in the Dumpster while Brand’s view of personal computers as a technology of freedom prevailed.
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It started out with a vague mission: to defend people’s civil liberties on the Internet and to “find a way of preserving the ideology of the 1960s” in the digital era. From its first days, EFF had deep pockets and featured an impressive roster: Stewart Brand and Apple’s Steve Wozniak were board members, while press outreach was conducted by Cathy Cook, who had done public relations for Steve Jobs. It did not take long for EFF to find its calling: lobbying Congress on behalf of the budding Internet service providers that came out of the NSFNET network and pushing for a privatized Internet system, where the government stayed pretty much out of the way—“Designing the Future Net” is how EFF’s Barlow described it. 103.
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On the back cover of their final issue was a photograph of an early morning country road. The kind you might find yourself hitchhiking on if you were so adventurous. Beneath it were the words: stay hungry, stay foolish. It was their farewell message as they signed off. Stay hungry, stay foolish. And I have always wished that for myself,” said Steve Jobs at a commencement speech he gave at Stanford University in 2005. “Steve Jobs’ Commencement address,” YouTube video, 15:04, June 12, 2005, posted March 7, 2008, https://www.youtube.com/watch?v=UF8uR6Z6KLc. 38. By some accounts, BZ was deployed in Vietnam to psychologically paralyze North Vietnamese fighters. It was also tested on American soldiers, whose harrowing experiences later inspired the cult classic horror film Jacob’s Ladder.
The Friendly Orange Glow: The Untold Story of the PLATO System and the Dawn of Cyberculture by Brian Dear
air traffic controllers' union, AltaVista, Alvin Toffler, Apple II, Apple Newton, Buckminster Fuller, Charles Babbage, cloud computing, complexity theory, computer age, Computer Lib, conceptual framework, corporate social responsibility, disruptive innovation, Douglas Engelbart, Douglas Engelbart, Dynabook, Elon Musk, en.wikipedia.org, Fairchild Semiconductor, finite state, Future Shock, game design, Hacker News, Howard Rheingold, Ivan Sutherland, John Markoff, lateral thinking, linear programming, machine readable, Marc Andreessen, Marshall McLuhan, Menlo Park, Metcalfe’s law, Mitch Kapor, Mother of all demos, natural language processing, Neal Stephenson, Palm Treo, Plato's cave, pre–internet, publish or perish, Ralph Nader, Robert Metcalfe, Ronald Reagan, Silicon Valley, Silicon Valley startup, Skinner box, Skype, software is eating the world, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, Ted Nelson, the medium is the message, The Soul of a New Machine, three-martini lunch, Watson beat the top human players on Jeopardy!, Whole Earth Catalog
He knew TUTOR, he had discovered the online community, the notesfiles, the TERM-talks, the games, and the sheer presence of people online. “I thought PLATO was one of the coolest things I had ever seen,” Brodie says. Back at Stanford, September 1979, and Apple Computer’s Apple II personal computer sales were booming. The next big wave of microcomputers, from the Commodore 64, Radio Shack TRS-80, and IBM PC, was still months or years away. Steve Jobs had not yet made his visit to Xerox PARC—that would happen in December. Silicon Valley was ignorant of PLATO, focused instead on things PLATO users would have considered trifling. Silicon Valley start-up visionaries would not wake up to the online world for years to come.
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When asked about this what-if scenario, George Pake remarked, “I think that the whole push toward distributed computing would not have been as strong as it was.” The “Personal Dynamic Media” article might not have appeared in publication in 1977. Perhaps most crucially, there probably would have been no reason for Steve Jobs to visit Xerox PARC in 1979, only to be blown away by what he saw, taking ideas back to Apple, then subsequently coming out with the Lisa desktop computer, followed, famously, by the Macintosh, which changed the world. What would Silicon Valley look like today had Alpert and Bitzer and PLATO moved there in 1970? It is easy to speculate. What is certain is that much of the fabled history of the Valley might not have transpired, or might have transpired in quite different ways.
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A good tech visionary knows that half his job is selling, and Bitzer was a master salesman: cool, confident, and knowing just what rabbit to pull out of his bag of tricks depending on the situation. Thus on occasion he had begun demoing games, notesfiles, pnotes, TERM-talk, and Talkomatic. Like Steve Jobs and Apple would do years later with the iPhone, the sheer volume and variety of applications created on PLATO were dazzling in demo settings. But still, not everyone was happy with the games or the gamers. “I would get a lot of reports,” Bitzer says. “You know, ‘We ought to do something about this.’
12 Bytes: How We Got Here. Where We Might Go Next by Jeanette Winterson
"Margaret Hamilton" Apollo, "World Economic Forum" Davos, 3D printing, Ada Lovelace, Airbnb, Albert Einstein, Alignment Problem, Amazon Mechanical Turk, Anthropocene, Apollo 11, Apple's 1984 Super Bowl advert, artificial general intelligence, Asilomar, augmented reality, autonomous vehicles, basic income, Big Tech, bitcoin, Bletchley Park, blockchain, Boston Dynamics, call centre, Cambridge Analytica, Capital in the Twenty-First Century by Thomas Piketty, cashless society, Charles Babbage, computer age, Computing Machinery and Intelligence, coronavirus, COVID-19, CRISPR, cryptocurrency, dark matter, Dava Sobel, David Graeber, deep learning, deskilling, digital rights, discovery of DNA, Dominic Cummings, Donald Trump, double helix, driverless car, Elon Musk, fake news, flying shuttle, friendly AI, gender pay gap, global village, Grace Hopper, Gregor Mendel, hive mind, housing crisis, Internet of things, Isaac Newton, Jacquard loom, James Hargreaves, Jeff Bezos, Johannes Kepler, John von Neumann, Joseph-Marie Jacquard, Kickstarter, Large Hadron Collider, life extension, lockdown, lone genius, Mark Zuckerberg, means of production, microdosing, more computing power than Apollo, move fast and break things, natural language processing, Nick Bostrom, Norbert Wiener, off grid, OpenAI, operation paperclip, packet switching, Peter Thiel, pink-collar, Plato's cave, public intellectual, QAnon, QWERTY keyboard, Ray Kurzweil, rewilding, ride hailing / ride sharing, Rutger Bregman, Sam Altman, self-driving car, sharing economy, Sheryl Sandberg, Shoshana Zuboff, Silicon Valley, Skype, Snapchat, SoftBank, SpaceX Starlink, speech recognition, spinning jenny, stem cell, Stephen Hawking, Steve Bannon, Steve Jobs, Steven Levy, Steven Pinker, superintelligent machines, surveillance capitalism, synthetic biology, systems thinking, tech billionaire, tech worker, TED Talk, telepresence, telepresence robot, TikTok, trade route, Turing test, universal basic income, Virgin Galactic, Watson beat the top human players on Jeopardy!, women in the workforce, Y Combinator
Like an ansible, with its keyboard and screen, the Blackberry could do calls, but its main function was email. We had to get into the 21st century for the Apple iPhone. * * * In 2007, when Apple was already making mega-money with its iPod, Steve Jobs was persuaded to ‘do’ a phone that would handle everything the iPod did, plus make calls, send emails and texts, and access the internet. To do that Apple turned the humble phone into what Apple did best – computers. Safari-enabled, the iPhone wasn’t really a phone at all – it was a pocket computer. A year later, in 2008 – the year of the global economic crash – Apple added the App Store – which is the beginning of what we think of as a truly smart phone: a phone that is globally connected, and that can be customised (personalised) by the user.
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Rather than accept that it needed its skilled workforce of computer-literate women, it decided to merge Britain’s existing computer companies into one giant company, International Computers Ltd, to provide massive mainframe computers that just a few highly trained men could operate. By the mid-1970s, when the long-awaited man-friendly product was finally ready, the computing world had moved on – and specifically moved on to the USA: Steve Jobs showcased his Apple 1 in 1976. Massive mainframe was out. Desktop was in. In a panic, the British Government stopped funding ICL, effectively murdering the UK’s homegrown computing industry. Britain after the war had a giant lead in computing technology, and could have held that lead, and developed it into software programming.
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Le Guin, 1966 The Midwich Cuckoos, John Wyndham, 1957 Brave New World, Aldous Huxley, 1932 Weaving the Web: The Original Design and Ultimate Destiny of the World Wide Web, Tim Berners-Lee, 1999 ‘We Can Remember It for You Wholesale’ (short story), Philip K. Dick, 1966 The Age of Surveillance Capitalism: The Fight for a Human Future at the New Frontier of Power, Shoshana Zuboff, 2018. The Four: The Hidden DNA of Amazon, Apple, Facebook, and Google, Scott Galloway, 2017 Becoming Steve Jobs: The Evolution of a Reckless Upstart, Brent Schlender and Rick Tetzeli, 2015 How Google Works, Eric Schmidt and Jonathan Rosenberg, 2014 The Art of Electronics, Paul Horowitz and Winfield Hill, 1980 (NOTE: I only bought this because I thought it said Winifred Hill – and girls don’t do circuits, do they?
Dead Companies Walking by Scott Fearon
Alan Greenspan, bank run, Bear Stearns, Bernie Madoff, Black Monday: stock market crash in 1987, book value, business cycle, Carl Icahn, corporate raider, cost per available seat-mile, creative destruction, crony capitalism, Donald Trump, Eugene Fama: efficient market hypothesis, fear of failure, Golden Gate Park, hiring and firing, housing crisis, index fund, it's over 9,000, Jeff Bezos, John Bogle, Joseph Schumpeter, Larry Ellison, late fees, legacy carrier, McMansion, moral hazard, multilevel marketing, new economy, pets.com, Ponzi scheme, Ronald Reagan, short selling, short squeeze, Silicon Valley, Snapchat, South of Market, San Francisco, Steve Jobs, survivorship bias, Upton Sinclair, Vanguard fund, young professional
There’s a fixed number between a stock price and zero, and that’s as much as you’re going to get out of those positions. For long investments, however, there is no such limit. The people who bought in early on one of the most stunning and successful corporate turnarounds in recent history, Apple, know how profitable long investments can be. Actually, Apple has come back from the dead several times in its history. But its most impressive revival came after Steve Jobs took the company away from what had been its core business for decades, the personal computer. First, he reinvented how consumers bought, listened to, and shared music with the iPod. Then, a few years later, he turned cellular phones into Star Trek–level computing devices with the iPhone.
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With more and more Americans being diagnosed with diabetes every year, it had a chance to be a blockbuster, Prozac-level product. Cygnus’s offices were in a business park east of the 101 freeway between a granite quarry and a go-kart track. Interestingly, it shared a parking lot with NeXT Computer, the company Steve Jobs started after he was booted from Apple. I was at Cygnus a total of five times between 1994 and 2002. It’s rare that I visit a company that often if I don’t own its stock. But I was excited by Cygnus’s idea and I wanted to keep up with how it was faring. Every time I went down there, I got the same story from the various executives I met with: the watch was almost ready.
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The business media loves to laud idiosyncratic visionaries who disrupt their industries by introducing unconventional new products or services. Steve Jobs famously eschewed market research and claimed that he and his team built the first Mac computers for themselves, not their customers. Jobs was also famous for bragging that consumers didn’t know what they wanted until he showed it to them. This self-centered approach worked out for him and a few other uniquely gifted innovators. But for every Steve Jobs, there are countless corporate leaders who have lost everything trying to remake their customers’ habits. In 2012, JCPenney’s (stock symbol: JCP) management team famously “fired its customers” by eliminating coupons and stocking more expensive brand-name merchandise.
The Charisma Myth: How Anyone Can Master the Art and Science of Personal Magnetism by Olivia Fox Cabane
airport security, Boeing 747, cognitive dissonance, Elon Musk, en.wikipedia.org, hedonic treadmill, Jeff Hawkins, Lao Tzu, mirror neurons, Nelson Mandela, nocebo, Parkinson's law, Peter Thiel, placebo effect, Ralph Waldo Emerson, randomized controlled trial, reality distortion field, risk tolerance, social intelligence, Steve Jobs
Visionary Charisma: Belief and Confidence Visionary charisma makes others feel inspired; it makes us believe. It can be remarkably effective even though it won’t necessarily make people like you. Steve Jobs was notoriously feared inside Apple and had many detractors both within and without, but even these detractors readily admitted to his being both visionary and charismatic. One recent attendee to a Steve Jobs presentation told me: “He spoke with such conviction, such passion, he had all of our neurons screaming, Yes! I get it! I’m with you!!!” Why is visionary charisma so effective and powerful? Because of our natural discomfort with uncertainty.
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Eventually, the behaviors become instinctive. Countless well-known charismatic figures worked hard to gain their charisma, increasing it step by step. But because we come to know them at the peak of their charisma, it can be hard to believe these superstars weren’t always so impressive. Former Apple CEO Steve Jobs, considered one of the most charismatic CEOs of the decade, did not start out that way. In fact, if you watch his earliest presentations, you’ll see that he came across as bashful and awkward, veering from overly dramatic to downright nerdy. Jobs progressively increased his level of charisma over the years, and you can see the gradual improvement in his public appearances.
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If you’re mentioning the fact that there is untapped potential in your customer base, liken yourselves to “bounty hunters” or “treasure hunters” searching for “hidden gold.” Make even numbers and statistics personal, meaningful, and relatable for your audience. Steve Jobs did this masterfully when he gave his audience two ways of measuring iPhone sales: “Apple sold four million iPhones so far,” he said. “That amounts to selling twenty thousand iPhones every single day.” He did even better with memory cards: “This memory card has twelve gigabytes of memory. That means it holds enough music for you to travel to the moon and back.”
Selfie: How We Became So Self-Obsessed and What It's Doing to Us by Will Storr
Abraham Maslow, Adam Curtis, Alan Greenspan, Albert Einstein, autonomous vehicles, banking crisis, bitcoin, classic study, computer age, correlation does not imply causation, Donald Trump, Douglas Engelbart, Douglas Engelbart, Elon Musk, en.wikipedia.org, gamification, gig economy, greed is good, intentional community, invisible hand, job automation, John Markoff, Kevin Roose, Kickstarter, Lewis Mumford, longitudinal study, low interest rates, Lyft, Menlo Park, meta-analysis, military-industrial complex, Mont Pelerin Society, mortgage debt, Mother of all demos, Nixon shock, Peter Thiel, prosperity theology / prosperity gospel / gospel of success, QWERTY keyboard, Rainbow Mansion, rising living standards, road to serfdom, Robert Gordon, Ronald Reagan, selective serotonin reuptake inhibitor (SSRI), Sheryl Sandberg, Silicon Valley, Silicon Valley startup, Steve Bannon, Steve Jobs, Steven Levy, Stewart Brand, synthetic biology, tech bro, tech worker, The Future of Employment, The Rise and Fall of American Growth, Tim Cook: Apple, Travis Kalanick, twin studies, Uber and Lyft, uber lyft, War on Poverty, We are as Gods, Whole Earth Catalog
It would be Xerox, with the help of various Engelbart alumni, that would turn his ideas into reality by improving it, over time, with the benefit of newer technology and an emphasis on simplicity. In 1979, they’d demonstrate their work in a now notorious private demo for an ambitious tech entrepreneur called Steve Jobs – who raced back to his company, Apple Computer, and ordered his people to begin copying it. But it would be a while until the rest of the planet, including Jobs, caught up with Engelbart’s genius completely. The mouse wouldn’t become available to the wider public until 1983 and his astonishing vision of the internet would take even longer to actualize.
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Engelbart was treating his people like ‘laboratory animals’: ‘Chronicle of the Death of a Laboratory: Douglas Engelbart and the Failure of the Knowledge Workshop’, Thierry Bardini and Michael Friedewald, History of Technology (2003), 23, pp. 191–212, at p. 206. who raced back to his company, Apple Computer: Steve Jobs, Walter Isaacson (Abacus, 2015), pp. 96–7. Engelbart recalled meeting Jobs in the 1980s: ‘Douglas Engelbart’s lasting legacy’, Tia O’Brien, Mercury News, 3 March 2013. Fred Turner, would archly note that: ‘Stewart Brand’s Whole Earth Catalog, the book that changed the world’, Carole Cadwalladr, Guardian, 5 May 2013.
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., PLOS ONE (July 2012), 7(7); ‘Fitting In or Standing Out: Trends in American Parents’ Choices for Children’s Names, 1880–2007’, Jean M. Twenge et al., Social Psychological and Personality Science (2010), 1(1), pp. 19–25. They write of the largest place of worship in America, Lakewood Church in Houston: The Narcissism Epidemic, Jean M. Twenge and W. Keith Campbell (Free Press, 2010), pp. 248, 249. Steve Jobs . . . Travis Kalanick: Wozniak on Steve Job’s Resignation, Bloomberg, 24 August 2011, video, from 08:46 [Wozniak: ‘He must have read some books that really were his guide in life and I think Atlas Shrugged might have been one that he mentioned back then.’] www.bloomberg.com/news/videos/b/d93c1b72-31e2-41de-ba4a-65a6cb4f4929.
Modern Monopolies: What It Takes to Dominate the 21st Century Economy by Alex Moazed, Nicholas L. Johnson
3D printing, Affordable Care Act / Obamacare, Airbnb, altcoin, Amazon Web Services, Andy Rubin, barriers to entry, basic income, bitcoin, blockchain, book value, Chuck Templeton: OpenTable:, cloud computing, commoditize, connected car, disintermediation, driverless car, fake it until you make it, future of work, gig economy, hockey-stick growth, if you build it, they will come, information asymmetry, Infrastructure as a Service, intangible asset, Internet of things, invisible hand, jimmy wales, John Gruber, Kickstarter, Lean Startup, Lyft, Marc Andreessen, Marc Benioff, Mark Zuckerberg, Marshall McLuhan, means of production, Metcalfe’s law, money market fund, multi-sided market, Network effects, PalmPilot, patent troll, peer-to-peer lending, Peter Thiel, pets.com, platform as a service, power law, QWERTY keyboard, Ray Kurzweil, ride hailing / ride sharing, road to serfdom, Robert Metcalfe, Ronald Coase, Salesforce, self-driving car, sharing economy, Sheryl Sandberg, Silicon Valley, Skype, Snapchat, social graph, software as a service, software is eating the world, source of truth, Startup school, Steve Jobs, TaskRabbit, technological determinism, the medium is the message, transaction costs, transportation-network company, traveling salesman, Travis Kalanick, two-sided market, Uber and Lyft, Uber for X, uber lyft, vertical integration, white flight, winner-take-all economy, Y Combinator
October 2008 was the first month where the iPhone outsold the BlackBerry, selling 6.9 million units to BlackBerry’s 6.1 million.11 And there was no looking back. Business at Apple was booming. “Apple just reported one of the best quarters in its history, with a spectacular performance by the iPhone,” CEO Steve Jobs said at the time. Jobs, who rarely skipped a chance to take a shot at the competition, proudly announced, “We sold more phones than RIM.”12 Still, at the time RIM continued to hold a big lead in the overall smartphone market. In the two years since the iPhone was released, RIM had sold 23 million smartphones compared to Apple’s 13 million.13 So Lazaridis and Balsillie had reason to stay the course.
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You can use your web tools . . . and you can publish your apps to the BlackBerry without writing any native code.”17 The problem was that Balsillie’s pitch wasn’t new. In fact, it was eerily similar to the one Steve Jobs had given to developers three years earlier. At Apple’s Worldwide Developers Conference (WWDC) 2007, just before the launch of the original iPhone, Jobs announced support for Web apps as Apple’s solution to the growing developer demand for a way to create applications for the iPhone. Developers were not enthused, with one popular tech blogger calling Jobs’s presentation a “shit sandwich.”18 Jobs changed his tune a year later with the announcement of an iPhone SDK and the App Store, but needless to say, when Balsillie made the same Web-app pitch, developers were not impressed.
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“iPhone App Store Downloads Top 10 Million in First Weekend,” press release, July 14, 2008, http://www.apple.com/pr/library/2008/07/14iPhone-App-Store-Downloads-Top-10-Million-in-First-Weekend.html. 15. Zach Spear, “App Store Daily Download Rates Now Double December Volumes,” Apple Insider, January 16, 2009, http://appleinsider.com/articles/09/01/16/app_store_daily_download_rates_now_double_december_volumes.html. 16. App Store and Google Play statistics can be found at http://www.statista.com. 17. Quoted in Erick Shonfeld, “RIM CEO Jim Balsillie To Steve Jobs: ‘You Don’t Need An App For The Web,’” Techcrunch, November 16, 2010, http://techcrunch.com/2010/11/16/rim-ceo-balsillie-jobsapp-web/. 18.
The Runaway Species: How Human Creativity Remakes the World by David Eagleman, Anthony Brandt
active measures, Ada Lovelace, agricultural Revolution, Albert Einstein, Andrew Wiles, Apollo 13, Burning Man, cloud computing, computer age, creative destruction, crowdsourcing, Dava Sobel, deep learning, delayed gratification, Donald Trump, Douglas Hofstadter, en.wikipedia.org, Frank Gehry, Gene Kranz, Google Glasses, Great Leap Forward, haute couture, informal economy, interchangeable parts, Isaac Newton, James Dyson, John Harrison: Longitude, John Markoff, Large Hadron Collider, lone genius, longitudinal study, Menlo Park, microbiome, Netflix Prize, new economy, New Journalism, pets.com, pneumatic tube, QWERTY keyboard, Ray Kurzweil, reversible computing, Richard Feynman, risk tolerance, Scaled Composites, self-driving car, Simon Singh, skeuomorphism, Solyndra, SpaceShipOne, stem cell, Stephen Hawking, Steve Jobs, Stewart Brand, synthetic biology, TED Talk, the scientific method, Watson beat the top human players on Jeopardy!, wikimedia commons, X Prize
Seizing on Kramer’s promising idea, Apple Computer’s engineers incorporated a scroll wheel, sleeker materials and, of course, more advanced memory and software. In 2001 – twenty-two years after Kramer’s idea – they debuted the iPod. Steve Jobs would later say: Creativity is just connecting things. When you ask creative people how they did something, they feel a little guilty because they didn’t really do it. They just saw something. It seemed obvious to them after a while; that’s because they were able to connect experiences they’ve had and synthesize new things. Kramer’s original invention Apple’s subsequent iPod Kramer’s idea did not come out of nowhere, either.
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We surround ourselves with things that have never existed before, while pigs and llamas and goldfish do not. But where do our new ideas come from? CHAPTER 2 THE BRAIN ALTERS WHAT IT ALREADY KNOWS On January 9, 2007, Steve Jobs stood on the MacWorld stage in his jeans and a black turtleneck. “Every once in a while, a revolutionary product comes along that changes everything,” he declared. “Today, Apple is going to reinvent the phone.” Even after years of speculation, the iPhone was a revelation. No one had seen anything like it: here was a communication device, music player and personal computer that you could hold in the palm of your hand.
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Looking through his collection, Buxton points to the many devices that paved the way for the electronics industry. The 1999 Palm Vx introduced the thinness we’ve come to expect in our devices today. “It produced the vocabulary that led to the super thin stuff like today’s laptops,” Buxton says. “Where are the roots? There they are, right there.”2 Step by step, the groundwork was being laid for Steve Jobs’ “revolutionary” product. The Jesus phone didn’t come from a virgin birth after all. A few years after Jobs’ announcement, the writer Steve Cichon bought a stack of timeworn Buffalo News newspapers from 1991. He wanted to satisfy his curiosity about what had changed. In the front section, he found this Radio Shack advertisement.
Trees on Mars: Our Obsession With the Future by Hal Niedzviecki
"World Economic Forum" Davos, Ada Lovelace, agricultural Revolution, Airbnb, Albert Einstein, Alvin Toffler, Amazon Robotics, anti-communist, big data - Walmart - Pop Tarts, big-box store, business intelligence, Charles Babbage, Colonization of Mars, computer age, crowdsourcing, data science, David Brooks, driverless car, Elon Musk, en.wikipedia.org, Erik Brynjolfsson, Evgeny Morozov, Flynn Effect, Ford Model T, Future Shock, Google Glasses, hive mind, Howard Zinn, if you build it, they will come, income inequality, independent contractor, Internet of things, invention of movable type, Jaron Lanier, Jeff Bezos, job automation, John von Neumann, knowledge economy, Kodak vs Instagram, life extension, Lyft, Marc Andreessen, Marc Benioff, Mark Zuckerberg, Marshall McLuhan, Neil Armstrong, One Laptop per Child (OLPC), Peter H. Diamandis: Planetary Resources, Peter Thiel, Pierre-Simon Laplace, Ponzi scheme, precariat, prediction markets, Ralph Nader, randomized controlled trial, Ray Kurzweil, ride hailing / ride sharing, rising living standards, Robert Solow, Ronald Reagan, Salesforce, self-driving car, shareholder value, sharing economy, Silicon Valley, Silicon Valley startup, Skype, Steve Jobs, TaskRabbit, tech worker, technological singularity, technological solutionism, technoutopianism, Ted Kaczynski, TED Talk, Thomas L Friedman, Tyler Cowen, Uber and Lyft, uber lyft, Virgin Galactic, warehouse robotics, working poor
A mere handful of years after the death of Apple co-founder and CEO Steve Jobs, grumbling about even that company started to surface. “Apple is sacrificing innovation on the altar of shareholder value,” warns the headline of a piece written by a prominent business columnist. The article chastises Apple for “fiddling with updates of existing products” instead of focusing on coming up with the next game-changing revolution in personal technology.9 A search of annual and quarterly reports filed with the United States Securities and Exchange Commission shows corporations mentioned some form of the word “innovation” (defined by Webster’s as “the introduction [presumably in the near future] of something new,”) 33,528 times in 2012, a 64 percent increase from five years before.
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Attributed to a 2011 speech by United States president Barack Obama and garlanded with the requisite multimedia slide show/report, they are part of an overall package designed to convey the sense of concerted purpose the White House brings to “winning the future.” The White House isn’t alone in naming future as a priority. In 2005, six years before the Obama speech and two years before Steve Jobs was to unleash the awesome power of the iPhone on an eager world, British Prime Minister Tony Blair opined in a speech that the world was “fast forwarding to the future at unprecedented speed.” He then asked the all-important question: “How do we secure the future for our party and for our country?”
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“Contemporary life is overloaded with visions of the future,” note two professors of philosophy in a column. “Whereas Friedrich Nietzsche bemoaned the surplus of historical sense, crushing old Europe under the weight of its past, we are now suffering from an obsession with what lies ahead.”31 “The word ‘innovation’ has become a buzzword and it’s been drained of much of its meaning,” notes bestselling Steve Jobs biographer Walter Isaacson.32 All around us, writes critic Thomas Frank, there are “TED talks on how to be a creative person.” There are “‘Innovation Jams’ at which IBM employees brainstorm collectively over a global hookup,” and “‘Thinking Out of the Box’ desktop sculptures for sale at Sam’s Club.”33 Language matters.
Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and Life by Rory Sutherland
"World Economic Forum" Davos, 3D printing, Alfred Russel Wallace, barriers to entry, basic income, behavioural economics, Black Swan, Brexit referendum, butterfly effect, California gold rush, call centre, Captain Sullenberger Hudson, Cass Sunstein, cognitive dissonance, confounding variable, Daniel Kahneman / Amos Tversky, Dava Sobel, delayed gratification, Donald Trump, double helix, Downton Abbey, driverless car, Easter island, Edward Jenner, Elon Musk, Firefox, Ford Model T, General Magic , George Akerlof, gig economy, Google Chrome, Google X / Alphabet X, Grace Hopper, Hyperloop, Ignaz Semmelweis: hand washing, IKEA effect, information asymmetry, it is difficult to get a man to understand something, when his salary depends on his not understanding it, James Dyson, John Harrison: Longitude, loss aversion, low cost airline, Mason jar, Murray Gell-Mann, nudge theory, Peter Thiel, placebo effect, race to the bottom, Richard Feynman, Richard Thaler, Rory Sutherland, shareholder value, Silicon Valley, social intelligence, Steve Jobs, supply-chain management, systems thinking, TED Talk, the map is not the territory, The Market for Lemons, The Wealth of Nations by Adam Smith, ultimatum game, universal basic income, Upton Sinclair, US Airways Flight 1549, Veblen good, work culture
It’s true that logic is usually the best way to succeed in an argument, but if you want to succeed in life it is not necessarily all that useful; entrepreneurs are disproportionately valuable precisely because they are not confined to doing only those things that make sense to a committee. Interestingly, the likes of Steve Jobs, James Dyson, Elon Musk and Peter Thiel often seem certifiably bonkers; Henry Ford famously despised accountants – the Ford Motor Company was never audited while he had control of it. When you demand logic, you pay a hidden price: you destroy magic. And the modern world, oversupplied as it is with economists, technocrats, managers, analysts, spreadsheet-tweakers and algorithm designers, is becoming a more and more difficult place to practise magic – or even to experiment with it.
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Copyright © Benoit Grogan-Avignon, with permission of Shutter Media Contrast this effect with the impression given by plain steel shutters. In a sensible world, the only thing that would matter would be solving a problem by whatever means work best, but problem-solving is a strangely status-conscious job: there are high-status approaches and low-status approaches. Even Steve Jobs encountered the disdain of the nerdier elements of the software industry – ‘What does Steve do exactly? He can’t even code,’ an employee once snootily observed. But compared to an eighteenth-century counterpart, Jobs had it easy. In the mid-eighteenth century, a largely self-taught clockmaker called John Harrison heard that the UK Government had pledged £20,000 – several million pounds in today’s currency – as a prize for anyone who could establish longitude to within half a degree* after a journey from England to the West Indies, and was determined to find a solution.
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A nervous and bureaucratic culture is closed-mindedly attaching more importance to the purity of the methodology than to the possible value of the solution, which leads us to ignore possible solutions not because they have been proven to be wrong, but because they have not been reached through an approved process of reasoning. A result of this is that business and politics have become far more boring and sensible than they need to be. Steve Jobs’s valedictory injunction to students to ‘stay hungry, stay foolish’ probably contained more valuable advice than may be apparent at first glance. It is, after all, a distinguishing feature of entrepreneurs that, since they don’t have to defend their reasoning every time they make a decision, they are free to experiment with solutions that are off-limits to others within a corporate or institutional setting.* We approve reasonable things too quickly, while counterintuitive ideas are frequently treated with suspicion.
Think Like an Engineer: Use Systematic Thinking to Solve Everyday Challenges & Unlock the Inherent Values in Them by Mushtak Al-Atabi
3D printing, agricultural Revolution, Albert Einstein, Barry Marshall: ulcers, Black Swan, Blue Ocean Strategy, business climate, call centre, Clayton Christensen, clean water, cognitive bias, corporate social responsibility, dematerialisation, disruptive innovation, Elon Musk, follow your passion, global supply chain, Great Leap Forward, happiness index / gross national happiness, invention of the wheel, iterative process, James Dyson, Kickstarter, knowledge economy, Lao Tzu, Lean Startup, mirror neurons, On the Revolutions of the Heavenly Spheres, remote working, shareholder value, six sigma, Steve Jobs, Steven Pinker, systems thinking
The first and fourth questions, specifically, requires groundbreaking and original thinking to remove an offering that is seen essential or adding an offering that has never been considered before. When Steve Jobs became CEO of Apple in 1997, he applied a similar process to reinvigorate Apple and bring it back to the main stream of the industry. First he entirely eliminated the printers and servers divisions of Apple. Second, to rationalise the wide range of products the company made, he drew a two by two matrix with the columns marked Personal and Professional, and the rows marked desktop and mobile. He challenged Apple engineers to decide the four products that will fit in the four quadrants of this matrix for the company to focus on.
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This led to the dramatic reduction of what is being offered and allowed the company to perform the third step of the Blue Ocean Strategy, to increase what really matters, which is the humancentric design and user friendliness of its products. The final step was to offer new products and services that were not traditionally seen as part of the industry’s offering. In this, Steve Jobs was particularly successful as he introduced the company into the music business (iPod and iTunes), phone business (iPhone) and tablet business (iPad). The technique can be extended to product design by rewording the four questions to be: 1. What features/parts of the studied product/process can be entirely eliminated?
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Chapter 5 Design Design / d z n/ Decide upon the look and functioning of (a building, garment, or other object), by making a detailed drawing of it; Do or plan (something) with a specific purpose in mind. Oxford Dictionary “Design is not just what it looks like and feels like. Design is how it works.” Steve Jobs Design can mean different things in different contexts, from art to engineering to product design. In general, design refers to the clever arrangement of different components to work harmoniously to deliver a value or perform a task. The Design stage of the CDIO process refers to the cumulative and iterative process of bringing imagination a step closer to manifestation through the use of science, mathematics and common sense to convert resources and achieve prescribed objectives.
Silicon City: San Francisco in the Long Shadow of the Valley by Cary McClelland
affirmative action, Airbnb, algorithmic bias, Apple II, autonomous vehicles, barriers to entry, Black Lives Matter, Burning Man, clean water, cloud computing, cognitive dissonance, Columbine, computer vision, creative destruction, driverless car, El Camino Real, Elon Musk, Fairchild Semiconductor, full employment, gamification, gentrification, gig economy, Golden Gate Park, Google bus, Google Glasses, high net worth, housing crisis, housing justice, income inequality, John Gilmore, John Perry Barlow, Joseph Schumpeter, Loma Prieta earthquake, Lyft, mass immigration, means of production, Menlo Park, Mitch Kapor, open immigration, PalmPilot, rent control, Salesforce, San Francisco homelessness, self-driving car, sharing economy, Silicon Valley, Skype, Social Justice Warrior, Steve Jobs, Steve Wozniak, TaskRabbit, tech bro, tech worker, transcontinental railway, Travis Kalanick, Uber and Lyft, uber lyft, urban planning, vertical integration, William Shockley: the traitorous eight, young professional
My philosophy was—I’ve said this my whole career—you have to keep moving backwards, backwards into the organization. You can’t stay outside. You can’t be on the periphery. You have to move inside and drive it from where the original decisions are being made. With management. That’s what we did with Intel, with Apple, with all our clients. When Steve Jobs and Steve Wozniak came into my office, they had Birkenstocks and cutoffs. Steve had a Ho Chi Minh beard and hair down his back. That actually never, ever bothered me, because I had worked with a lot of crazy people in the semiconductor industry. They were making “hobby” computers.
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California, thanks to several significant people, has changed the course of history, touched every part of this globe. I’ve been around this ball of dirt two and a half times, once as a military person, once as a civilian. I’ve seen the influences of California with my own eyes. It is the melting pot of innovation. What happens in San Francisco, ergo the world. But I think Steve Jobs’s message was completely lost. This era gives us such an opportunity to learn. But instead, the dumbing down of America started many years ago. And our cities, of course, feel it the worst because that’s where the population is at its densest. In its heyday, any Southern black family coming to live in Detroit could live from a single breadwinner—guys that stood on the front lines of the United Automobile Workers and made it possible for the first black kids to go to college.
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Psychedelics, dreams of free love and world peace, and science fiction gave the industry something it had been missing: spiritual ambition. Suddenly, through technology, engineers saw the future, new ways of connecting the world, sharing information, flattening hierarchy, shrinking not just microchips but the world. It was no longer enough to make calculators or the computers that ran the space program. People like Steve Jobs saw a world with a “hobby” computer in every home. The inventors of the internet imagined virtual libraries holding infinite information immediately accessible to all. So the action moved online. “Businesses” became “start-ups;” hardware was replaced by software; storefronts became websites. Yes, tech had its stumbles—the dot-com crash in the early 2000s was a shot to the industry’s solar plexus—but it never fell.
What Would Google Do? by Jeff Jarvis
"World Economic Forum" Davos, 23andMe, Amazon Mechanical Turk, Amazon Web Services, Anne Wojcicki, AOL-Time Warner, barriers to entry, Berlin Wall, bike sharing, business process, call centre, carbon tax, cashless society, citizen journalism, clean water, commoditize, connected car, content marketing, credit crunch, crowdsourcing, death of newspapers, different worldview, disintermediation, diversified portfolio, don't be evil, Dunbar number, fake news, fear of failure, Firefox, future of journalism, G4S, Golden age of television, Google Earth, Googley, Howard Rheingold, informal economy, inventory management, Jeff Bezos, jimmy wales, John Perry Barlow, Kevin Kelly, Marc Benioff, Mark Zuckerberg, moral hazard, Network effects, new economy, Nicholas Carr, old-boy network, PageRank, peer-to-peer lending, post scarcity, prediction markets, pre–internet, Ronald Coase, Salesforce, search inside the book, Sheryl Sandberg, Silicon Valley, Skype, social graph, social software, social web, spectrum auction, speech recognition, Steve Jobs, the long tail, the medium is the message, The Nature of the Firm, the payments system, The Wisdom of Crowds, transaction costs, web of trust, WikiLeaks, Y Combinator, Zipcar
Apple has no problem with them. iTunes drives customers to buy more Apple hardware. Free as a business model? The gift economy? Apple is not generous. It charges a premium for its quality. Apple follows just a few Google rules. Lord knows, it innovates. And nobody’s better at simplifying tasks and design. How does Apple do it? How does it get away with operating this way even as every other company and industry is forced to redefine itself? It’s just that good. Its vision is that strong and its products even better. I left Apple once, in the 1990s, before Steve Jobs returned to the company, when I suffered through a string of bad laptops.
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Is there an anti-Google, one institution that has become successful by violating the rules in this book? I could think of one: Apple. Consider: Apple flouts Jarvis’ First Law. Hand over control to the customer? You must be joking. Steve Jobs controls all—and we want him to. It is thanks to his brilliant and single-minded vision and grumpy passion for perfection that his products work so well. Microsoft’s products, by contrast, operate as if they were designed by warring committees. Google’s products, though far more functional than Microsoft’s and built with considerable input from users, appear to have been designed by a computer (I await the aesthetic algorithm). Apple is the opposite of collaborative.
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The truth is a click away. Institutions are learning to acknowledge their mistakes and apologize. When he took office following predecessor Eliot Spitzer’s sex scandal, New York Governor David Paterson preemptively admitted having an affair, among other peccadilloes. Apple had a near-disaster in the launch of its Mobile.me service and Steve Jobs admitted it publicly. This is honest talk, which comes in a human voice. Even in the machine age—the Google age—that voice will emerge and succeed over a filtered, packaged, institutional tone. The Cluetrain Manifesto (which you can read for free at Cluetrain.org) teaches this lesson in its 95 theses, which begin: Markets are conversations.
This Could Be Our Future: A Manifesto for a More Generous World by Yancey Strickler
"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, Abraham Maslow, accelerated depreciation, Adam Curtis, basic income, benefit corporation, Big Tech, big-box store, business logic, Capital in the Twenty-First Century by Thomas Piketty, Cass Sunstein, cognitive dissonance, corporate governance, Daniel Kahneman / Amos Tversky, data science, David Graeber, Donald Trump, Doomsday Clock, Dutch auction, effective altruism, Elon Musk, financial independence, gender pay gap, gentrification, global supply chain, Hacker News, housing crisis, Ignaz Semmelweis: hand washing, invention of the printing press, invisible hand, Jeff Bezos, job automation, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Nash: game theory, Joi Ito, Joseph Schumpeter, Kickstarter, Kōnosuke Matsushita, Larry Ellison, Louis Pasteur, Mark Zuckerberg, medical bankruptcy, Mr. Money Mustache, new economy, Oculus Rift, off grid, offshore financial centre, Parker Conrad, Ralph Nader, RAND corporation, Richard Thaler, Ronald Reagan, Rutger Bregman, self-driving car, shareholder value, Silicon Valley, Simon Kuznets, Snapchat, Social Responsibility of Business Is to Increase Its Profits, Solyndra, stem cell, Steve Jobs, stock buybacks, TechCrunch disrupt, TED Talk, The Wealth of Nations by Adam Smith, Thomas Kuhn: the structure of scientific revolutions, Travis Kalanick, Tyler Cowen, universal basic income, white flight, Zenefits
And now we can all tweet about how wasteful government spending is. Even some of the leading technology companies—including Intel and Apple—received assistance from extraordinarily successful government grants and loans created to spark the field of computer technology. This sounds impossible to today’s mind-set. Apple, the same company that parks money offshore to avoid billions in taxes, took start-up money from the US government? That wasn’t in the movie. We think government blocks progress and innovation comes from people like Steve Jobs fighting it. That’s the story now, but in the recent past private and public interests were aligned behind an ambitious vision of the future.
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blog post went up on April 29, 2009. he wanted to buy the first copy: The man from Myanmar who gave me the first $20 was Ken Tun. Thanks, Ken! 10 billion people by 2050: Population projections come from the UN’s World Population Prospects report. his final user experience: Steve Jobs’s last words were reported by his sister, Mona Simpson (“A Sister’s Eulogy for Steve Jobs,” New York Times, October 30, 2011). ten years old in our species’ life span: Will MacAskill’s perspective on the age of humanity comes from a 2018 TED Talk called “What Are the Most Important Moral Problems of Our Time?” MacAskill is also cofounder of a movement called effective altruism, which seeks to maximize the altruistic impact people create in their lives.
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Other People are the cause of it and Other People will fix it and Other People will suffer the consequences if they don’t. Every single one of us has it in our minds that we’re separate from it all. Instead we blame others and pray for a Superman-like solution. That some genius figures out how to purify the air and the oceans and Warren Buffett and Oprah agree to pay for it. Or, even better, we learn that Steve Jobs’s previously unknown last product was a device that solves everything by giving every user total cosmic clarity. His last words, “Oh wow. Oh wow. Oh wow,” were also the first words of iUs, his final user experience. But hope isn’t a plan. When a Hail Mary is the strategy, you’ve already lost.
The Founders: The Story of Paypal and the Entrepreneurs Who Shaped Silicon Valley by Jimmy Soni
activist fund / activist shareholder / activist investor, Ada Lovelace, AltaVista, Apple Newton, barriers to entry, Big Tech, bitcoin, Blitzscaling, book value, business logic, butterfly effect, call centre, Carl Icahn, Claude Shannon: information theory, cloud computing, Colonization of Mars, Computing Machinery and Intelligence, corporate governance, COVID-19, crack epidemic, cryptocurrency, currency manipulation / currency intervention, digital map, disinformation, disintermediation, drop ship, dumpster diving, Elon Musk, Fairchild Semiconductor, fear of failure, fixed income, General Magic , general-purpose programming language, Glass-Steagall Act, global macro, global pandemic, income inequality, index card, index fund, information security, intangible asset, Internet Archive, iterative process, Jeff Bezos, Jeff Hawkins, John Markoff, Kwajalein Atoll, Lyft, Marc Andreessen, Mark Zuckerberg, Mary Meeker, Max Levchin, Menlo Park, Metcalfe’s law, mobile money, money market fund, multilevel marketing, mutually assured destruction, natural language processing, Network effects, off-the-grid, optical character recognition, PalmPilot, pattern recognition, paypal mafia, Peter Thiel, pets.com, Potemkin village, public intellectual, publish or perish, Richard Feynman, road to serfdom, Robert Metcalfe, Robert X Cringely, rolodex, Sand Hill Road, Satoshi Nakamoto, seigniorage, shareholder value, side hustle, Silicon Valley, Silicon Valley startup, slashdot, SoftBank, software as a service, Startup school, Steve Ballmer, Steve Jobs, Steve Jurvetson, Steve Wozniak, technoutopianism, the payments system, transaction costs, Turing test, uber lyft, Vanguard fund, winner-take-all economy, Y Combinator, Y2K
X.com’s leaders took Bill Harris’s rocky tenure as evidence that such “supervision” was not only unnecessary, but counterproductive. For every Schmidt-like success, there seemed to be a John Sculley waiting in the wings. Sculley, the former CEO of PepsiCo, had been installed to lead Apple following the ouster of Steve Jobs—with mixed results. “We saw what had happened at Apple when they brought in the Pepsi executive,” David Sacks recalled. “We saw what had happened at Netscape when they brought in Jim Barksdale. And we saw that we were on a similar trajectory.” Musk, too, was skeptical that a wizened adult figure was needed to whip young companies into shape: The founder may be bizarre and erratic but this is a creative force, and they should run the company.… If someone’s the creative force, or one of the creative forces, behind a company, at least they understand which direction to go.
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Those guys are fucking bozos…” Jordan saw the questions for what they were: a Steve Jobs stress test. “I’ll cop to the first one,” Jordan said. “It took me ten years to find my way back here, but I’m back and I’m here to stay.” On the question of Disney, he pushed back, hard. “You’re wrong on Disney,” he said. Then he explained that Disney stores had higher consumer ratings than the Disney theme parks. “And we sell stuff!” Jordan said. Jobs seemed satisfied and pitched Jordan on Pixar. Jordan demurred; he had just been a CFO, and he was looking for something different. Jobs proposed he join Apple instead to head a new division. “I have this vision for Apple stores,” Jobs said, and proceeded to outline a reimagined shopping experience from the roots up.
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And some parts of the ship aren’t working that well. But it’s going in the actual right direction. Or you can have a ship that has everything buttoned down. The sails are full. Morale is great. Everyone’s cheering. And it’s heading straight for the reef. Musk admired Steve Jobs and studied the period of his departure from Apple. “That ship was sailing really well,” Musk observed of the interregnum between Jobs’s departure and return, “… towards the reef.” David Sacks remembered this as “a period of time when Silicon Valley didn’t have self-confidence in its own executives,” he said, arguing this approach resulted in disaster.
Behind the cloud: the untold story of how Salesforce.com went from idea to billion-dollar company--and revolutionized an industry by Marc Benioff, Carlye Adler
"World Economic Forum" Davos, Albert Einstein, An Inconvenient Truth, Apple's 1984 Super Bowl advert, barriers to entry, Bay Area Rapid Transit, business continuity plan, call centre, carbon footprint, Clayton Christensen, cloud computing, corporate social responsibility, crowdsourcing, digital divide, iterative process, Larry Ellison, Marc Benioff, Maui Hawaii, Nicholas Carr, platform as a service, Salesforce, San Francisco homelessness, Silicon Valley, SoftBank, software as a service, Steve Ballmer, Steve Jobs, subscription business
That summer, I discovered that it was possible for an entrepreneur to encourage revolutionary ideas and foster a distinctive culture. xix INTRODUCTION That lesson became even more obvious when I returned to Apple for a second summer internship as a technical sales support person with an Apple partner. Although only one year had passed, Apple was an extraordinarily different place. Steve Jobs had been fired, and everything I enjoyed about Apple’s visionary culture had evaporated. While the environment was not as invigorating, I learned another critical lesson that would guide the rest of my career: the power of each customer exchange. If the exchange was executed as well as possible—if we made the customer truly successful—we had the opportunity to transform him or her into an Apple loyalist and evangelist.
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The lessons I learned as an entrepreneur were pivotal, as were those I learned working for somebody else. In 1984, I had a summer job at Apple writing some of the first native assembly language for the Macintosh. I had the opportunity to work on the most exciting and important project at Apple, and it was like getting paid to go to Disneyland. There were fruit smoothies in the refrigerators, a motorcycle in the lobby, and shiatsu massages. The very best part was being able to witness Steve Jobs walking around, motivating the developers. Steve’s leadership created the energy and spirit in the office. Apple encouraged the ‘‘think different’’ mind-set throughout its entire organization.
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Don’t be afraid to ignore rules of your industry that have become obsolete or that defy common sense. Creating an attractive user interface that people enjoy using is the key to building a truly great product. This seems so obvious, but it wasn’t the way in which software design was customarily approached. Steve Jobs is the master of building computer products that create customer excitement and loyalty. It’s also no coincidence that his products look like nothing else out there. Think differently in everything you do. Play #11: Have—and Listen to—a Trusted Mentor When we first started building salesforce.com, I was still working at Oracle, where I was creating a new software product called Internet File System and developing the company’s philanthropy program.
Shipping Greatness by Chris Vander Mey
business logic, corporate raider, don't be evil, en.wikipedia.org, fudge factor, Google Chrome, Google Hangouts, Gordon Gekko, Jeff Bezos, Kickstarter, Lean Startup, minimum viable product, performance metric, recommendation engine, Skype, slashdot, sorting algorithm, source of truth, SQL injection, Steve Jobs, Superbowl ad, two-pizza team, web application
If some small thing goes wrong, skip over it and use the distraction as an opportunity to reiterate your core message. While you can certainly skip over small defects in your presentation, the best cure for problems is to not have them. The best demos take weeks of preparation. Steve Jobs was notorious for demanding in-depth rehearsals, and it shows in the output of Apple’s keynotes. In addition, Apple always thinks about how it can reduce the points of failure in a demo. Microsoft product managers think the same way and routinely have three laptops: their personal laptop, their demo laptop, and their backup demo laptop. This approach gives them multiple backup strategies and ensures a stable demo environment.
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For example, you may deliver a presentation to get funding. You may build decks to provide product updates. You might even pitch to convince people to work with your team. Clearly, building great decks and delivering a great presentation is a critical skill, but it is one that can take years to master. Steve Jobs–level presentations are the gold standard, but they are incredibly time-consuming to build, probably have more compelling content than you do, and are generally beyond the reach of most of us. The good news is, if you spend a lot of time going to presentation classes, studying speaking, getting coaching, and so on, you’ll find that there are some basic things you can do to help ensure that your presentation is great, and then you can continue the business of shipping.
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We can do that—and with that one button click, we’ll attach the name of the restaurant, your name, your wife’s name, and a picture. I bet you can see the slide right now. You would show a picture of your happy wife eating lobster and tell the story over it. You might even be able to expense your lobster dinner. You’ve created a story worthy of Steve Jobs, and you told it in less time than your audience would take processing the first sentence of the original pitch. In addition to eliminating buzzwords and acronyms, you accomplished five other things with this story: You made it personal and engaged with your audience. Dining at a restaurant is something most of us can understand.
The Formula: How Algorithms Solve All Our Problems-And Create More by Luke Dormehl
3D printing, algorithmic bias, algorithmic trading, Alvin Toffler, Any sufficiently advanced technology is indistinguishable from magic, augmented reality, big data - Walmart - Pop Tarts, call centre, Cass Sunstein, classic study, Clayton Christensen, commoditize, computer age, death of newspapers, deferred acceptance, disruptive innovation, Edward Lorenz: Chaos theory, Erik Brynjolfsson, Evgeny Morozov, Filter Bubble, Flash crash, Florence Nightingale: pie chart, Ford Model T, Frank Levy and Richard Murnane: The New Division of Labor, fulfillment center, Google Earth, Google Glasses, High speed trading, Internet Archive, Isaac Newton, Jaron Lanier, Jeff Bezos, job automation, John Markoff, Kevin Kelly, Kodak vs Instagram, Lewis Mumford, lifelogging, machine readable, machine translation, Marshall McLuhan, means of production, Nate Silver, natural language processing, Netflix Prize, Panopticon Jeremy Bentham, Paradox of Choice, pattern recognition, price discrimination, recommendation engine, Richard Thaler, Rosa Parks, scientific management, self-driving car, sentiment analysis, Silicon Valley, Silicon Valley startup, Slavoj Žižek, social graph, speech recognition, stable marriage problem, Steve Jobs, Steven Levy, Steven Pinker, Stewart Brand, technological determinism, technological solutionism, TED Talk, the long tail, the scientific method, The Signal and the Noise by Nate Silver, upwardly mobile, Wall-E, Watson beat the top human players on Jeopardy!, Y Combinator
Unsurprisingly, it was this last “private-specific” event that was of most interest when it came to generating a mini-biography. As anyone who has ever read a popular biography will know, more space is typically given to the unique events in a person’s life that are specific to them rather than a broader contextual look at where they fit within the wider society. Walter Isaacson’s Steve Jobs, for example, focuses far more on Jobs’s work creating the iPhone than it does on what he saw on his drive to and from his Palo Alto home each day.21 But assuming that “public” or “general” observations are simply noise to be filtered out risks grossly simplifying a person’s life by viewing them as existing in a context-free void.
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If the chances behind an event are enormously remote, yet the event occurs nevertheless, may one not be forgiven for invoking a fatalistic explanation? . . . [A] probability of one in 5840.82 [makes it seem] impossible, from within love at least, that [our meeting] could have been anything but fate.26 Of course, as the late Steve Jobs might have said about fate: “There’s an app for that.” Serendipity’s creators proudly state, “Technology is changing the way we date. For the shy and single, it has been the biggest aid to romance since the creation of the red rose.” Wear Your Heart on Your Sleeve MIT’s Serendipity project is not the first investigation of its kind.
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Thomas, Printer, between 1872 and 1880). 19 Gould, Stephen Jay. The Mismeasure of Man (New York: Norton, 1981). 20 Dormehl, Luke. “This Algorithm Can Tell Your Life Story Through Twitter.” Fast Company, November 4, 2013. fastcolabs.com/3021091/this-algorithm-can-tell-your-life-story-through-twitter. 21 Isaacson, Walter. Steve Jobs (New York: Simon & Schuster, 2011). 22 Kosinskia, Michal, David Stillwella, and Thore Graepelb. “Private Traits and Attributes Are Predictable from Digital Records of Human Behavior.” PNAS, vol. 110, no. 15, April 9, 2013. pnas.org/content/110/15/5802.full. 23 Larsen, Noah. “Bloggers Reveal Personalities with Word, Phrase Choice.”
Mastering the VC Game: A Venture Capital Insider Reveals How to Get From Start-Up to IPO on Your Terms by Jeffrey Bussgang
business cycle, business process, carried interest, deal flow, digital map, discounted cash flows, do well by doing good, hiring and firing, It's morning again in America, Jeff Bezos, Kickstarter, Marc Andreessen, Mark Zuckerberg, Menlo Park, moveable type in China, pattern recognition, Paul Graham, performance metric, Peter Thiel, pets.com, public intellectual, risk tolerance, rolodex, Ronald Reagan, Sand Hill Road, selection bias, shareholder value, Silicon Valley, Skype, software as a service, sovereign wealth fund, Steve Jobs, Steve Jurvetson, technology bubble, The Wisdom of Crowds
When you have it, you just have to scratch it. You really can’t help yourself. Being an entrepreneur may be something deep in the genes. John Doerr, the venture capitalist, described some of the greatest entrepreneurs he had invested in—including Sergey Brin and Larry Page (Google), Jeff Bezos (Amazon.com), and Steve Jobs (Apple)—as “geeks who couldn’t get dates.” Although I don’t know if that is actually true about those four guys, the spirit of the comment resonates. The world of the entrepreneur, even when they are teenagers, is typically not defined by being cool and fitting in but rather by their passion for technology, innovation, change, and a particular idea.
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Tim Bucher has learned the importance of chemistry in spades over the years. Tim is one of Silicon Valley’s most accomplished serial entrepreneurs. A former Sun engineer, co-founder of WebTV (sold to Microsoft), a former Apple executive (ran all of Macintosh engineering), and founder of Zing Systems (sold to Dell), Tim may be the only entrepreneur on the planet who has worked closely with Scott McNealy, Michael Dell, Bill Gates, and Steve Jobs. My partner Jon Karlen led an investment in Tim’s Zing Systems, which developed a mobile music software platform to compete with the iPhone, and we had the pleasure of working closely with him and learning some of the secrets to his repeated entrepreneurial success.
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When they are asked what they want to be when they graduate from college, a large percentage of students reply, “Entrepreneur.” To have a dream and build it into a success is indeed fundamental to the American system of capitalist free enterprise. Some of our greatest cultural icons—from Thomas Edison to Steve Jobs—have been entrepreneurs. Few, if any, students mention the goal of becoming a venture capitalist. Although the VC industry has gained prominence since my college days, most students I’ve talked to still don’t know what a venture capitalist is or how a VC firm operates. There are no Thomas Edisons among the VC ranks.
Life After Google: The Fall of Big Data and the Rise of the Blockchain Economy by George Gilder
23andMe, Airbnb, Alan Turing: On Computable Numbers, with an Application to the Entscheidungsproblem, Albert Einstein, AlphaGo, AltaVista, Amazon Web Services, AOL-Time Warner, Asilomar, augmented reality, Ben Horowitz, bitcoin, Bitcoin Ponzi scheme, Bletchley Park, blockchain, Bob Noyce, British Empire, Brownian motion, Burning Man, business process, butterfly effect, carbon footprint, cellular automata, Claude Shannon: information theory, Clayton Christensen, cloud computing, computer age, computer vision, crony capitalism, cross-subsidies, cryptocurrency, Danny Hillis, decentralized internet, deep learning, DeepMind, Demis Hassabis, disintermediation, distributed ledger, don't be evil, Donald Knuth, Donald Trump, double entry bookkeeping, driverless car, Elon Musk, Erik Brynjolfsson, Ethereum, ethereum blockchain, fake news, fault tolerance, fiat currency, Firefox, first square of the chessboard, first square of the chessboard / second half of the chessboard, floating exchange rates, Fractional reserve banking, game design, Geoffrey Hinton, George Gilder, Google Earth, Google Glasses, Google Hangouts, index fund, inflation targeting, informal economy, initial coin offering, Internet of things, Isaac Newton, iterative process, Jaron Lanier, Jeff Bezos, Jim Simons, Joan Didion, John Markoff, John von Neumann, Julian Assange, Kevin Kelly, Law of Accelerating Returns, machine translation, Marc Andreessen, Mark Zuckerberg, Mary Meeker, means of production, Menlo Park, Metcalfe’s law, Money creation, money: store of value / unit of account / medium of exchange, move fast and break things, Neal Stephenson, Network effects, new economy, Nick Bostrom, Norbert Wiener, Oculus Rift, OSI model, PageRank, pattern recognition, Paul Graham, peer-to-peer, Peter Thiel, Ponzi scheme, prediction markets, quantitative easing, random walk, ransomware, Ray Kurzweil, reality distortion field, Recombinant DNA, Renaissance Technologies, Robert Mercer, Robert Metcalfe, Ronald Coase, Ross Ulbricht, Ruby on Rails, Sand Hill Road, Satoshi Nakamoto, Search for Extraterrestrial Intelligence, self-driving car, sharing economy, Silicon Valley, Silicon Valley ideology, Silicon Valley startup, Singularitarianism, Skype, smart contracts, Snapchat, Snow Crash, software is eating the world, sorting algorithm, South Sea Bubble, speech recognition, Stephen Hawking, Steve Jobs, Steven Levy, Stewart Brand, stochastic process, Susan Wojcicki, TED Talk, telepresence, Tesla Model S, The Soul of a New Machine, theory of mind, Tim Cook: Apple, transaction costs, tulip mania, Turing complete, Turing machine, Vernor Vinge, Vitalik Buterin, Von Neumann architecture, Watson beat the top human players on Jeopardy!, WikiLeaks, Y Combinator, zero-sum game
With the ascendancy of Amazon, Apple, and other online emporia early in the twenty-first century, much of the Internet was occupied with transactions, and the industry retreated to the “cloud.” Abandoning the distributed Internet architecture, the leading Silicon Valley entrepreneurs replaced it with centralized and segmented subscription systems, such as Paypal, Amazon, Apple’s iTunes, Facebook, and Google cloud. Uber, Airbnb, and other sequestered “unicorns” followed. These so-called “walled gardens” might have sufficed if they could have actually been walled off from the rest of the Internet. At Apple, Steve Jobs originally attempted to accomplish such a separation by barring third-party software applications (or “apps”).
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But it will do doors—your front door and your car door and doors of perception.”6 Rupert Murdoch was one of the first people who appreciated this message, flying me to Hayman Island, Australia, to regale his executives in Newscorp and Twentieth Century Fox with visions of a transformation of media for the twenty-first century. At the same time, the Hollywood super-agent Ari Emanuel proclaimed Life after Television his guide to the digital future. I later learned that long before the iPhone, Steve Jobs read the book and passed it out to colleagues. Much of Life after Television has come true, but there’s still room to go back to the future. The Internet has not delivered on some of its most important promises. In 1990 I was predicting that in the world of networked computers, no one would have to see an advertisement he didn’t want to see.
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Silicon, then as now, was the foundation, the physical layer, underlying the entire edifice of information technology. I am reassured that Hot Chips lives on even though Google and others assert that “software eats everything.” Nick Tredennick, the designer of a favorite “hot chip” of yore, the Motorola 68,000 microprocessor behind Steve Jobs’s Macintosh computer, used to say that the industry seeks to exploit the “leading edge wedge.” Three overlapping design targets converged in this fertile crescent of chip design: zero delay (fast hot chips), zero power (cool low-energy devices), and zero cost (transistors going for billionths of a penny).2 Between the 1980s and 2017, chips have been migrating from the hot fast end toward the cool cheap end, a trend Dally has led.
The Network Imperative: How to Survive and Grow in the Age of Digital Business Models by Barry Libert, Megan Beck
active measures, Airbnb, Amazon Web Services, asset allocation, asset light, autonomous vehicles, big data - Walmart - Pop Tarts, business intelligence, call centre, Clayton Christensen, cloud computing, commoditize, crowdsourcing, data science, disintermediation, diversification, Douglas Engelbart, Douglas Engelbart, future of work, Google Glasses, Google X / Alphabet X, independent contractor, Infrastructure as a Service, intangible asset, Internet of things, invention of writing, inventory management, iterative process, Jeff Bezos, job satisfaction, John Zimmer (Lyft cofounder), Kevin Kelly, Kickstarter, Larry Ellison, late fees, Lyft, Mark Zuckerberg, Mary Meeker, Oculus Rift, pirate software, ride hailing / ride sharing, Salesforce, self-driving car, sharing economy, Silicon Valley, Silicon Valley startup, six sigma, software as a service, software patent, Steve Jobs, subscription business, systems thinking, TaskRabbit, Travis Kalanick, uber lyft, Wall-E, women in the workforce, Zipcar
American Management Association website, http://www.amanet.org/news/10606.aspx. 5. Issie Lapowsky, “Ev Williams on Twitter’s Early Years,” Inc., October 4, 2013, http://www.inc.com/issie-lapowsky/ev-williams-twitter-early-years.html. 6. “Walter Isaacson: Steve Jobs’ Favorite Product Was the Team He Built at Apple,” Big Think, 2015, http://bigthink.com/think-tank/steve-jobs-as-prickly-team-builder-with-walter-isaacson. Principle 5, Customers 1. Lego Group website, “Mission and Vision,” http://www.lego.com/en-us/aboutus/lego-group/mission-and-vision. 2. Andrew O’Connell, “Lego CEO Jørgen Vig Knudstorp on Leading through Survival and Growth,” Harvard Business Review, January 2009, https://hbr.org/2009/01/lego-ceo-jorgen-vig-knudstorp-on-leading-through-survival-and-growth. 3.
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Just as companies are portfolios of assets, leaders need to have access to and employ a portfolio of styles. Let’s take a look at how this played out for one great leader. Steve Jobs isn’t often remembered for his co-creative leadership style. He is more often remembered for his difficult personality, emotional outbursts, and perfectionism. When Jobs had a clear vision for a product, he was notoriously dogmatic about enforcing it. However, he also created open Apple platforms and drew in a developer network that earned $10 billion in 2014. Jobs had more than 450 patents and helped design multiple market-creating products, but when asked by his biographer, Walter Isaacson, about his greatest accomplishment, he said, “You know, making a product is hard, but making a team that can continually make products is even harder.
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In 2015, Fortune’s most admired companies were Apple, Google, Berkshire Hathaway, Amazon.com, and Starbucks, and a growing percentage of the Forbes wealthiest individuals are technologists or network leaders. Apple, Google, Amazon.com, and Starbucks have made significant investments in digital technologies (if you’re unsure about Starbucks, consider its popular app and payment system). What’s more, they have responded with agility to market changes by changing their core beliefs about value and firm design. Apple, despite its reputation for maintaining tight control of its product line, opened its platform and created the Apple Developer Program, allowing anyone to develop apps for its products.
Who Owns the Future? by Jaron Lanier
3D printing, 4chan, Abraham Maslow, Affordable Care Act / Obamacare, Airbnb, augmented reality, automated trading system, barriers to entry, bitcoin, Black Monday: stock market crash in 1987, book scanning, book value, Burning Man, call centre, carbon credits, carbon footprint, cloud computing, commoditize, company town, computer age, Computer Lib, crowdsourcing, data science, David Brooks, David Graeber, delayed gratification, digital capitalism, digital Maoism, digital rights, Douglas Engelbart, en.wikipedia.org, Everything should be made as simple as possible, facts on the ground, Filter Bubble, financial deregulation, Fractional reserve banking, Francis Fukuyama: the end of history, Garrett Hardin, George Akerlof, global supply chain, global village, Haight Ashbury, hive mind, if you build it, they will come, income inequality, informal economy, information asymmetry, invisible hand, Ivan Sutherland, Jaron Lanier, Jeff Bezos, job automation, John Markoff, John Perry Barlow, Kevin Kelly, Khan Academy, Kickstarter, Kodak vs Instagram, life extension, Long Term Capital Management, machine translation, Marc Andreessen, Mark Zuckerberg, meta-analysis, Metcalfe’s law, moral hazard, mutually assured destruction, Neal Stephenson, Network effects, new economy, Norbert Wiener, obamacare, off-the-grid, packet switching, Panopticon Jeremy Bentham, Peter Thiel, place-making, plutocrats, Ponzi scheme, post-oil, pre–internet, Project Xanadu, race to the bottom, Ray Kurzweil, rent-seeking, reversible computing, Richard Feynman, Ronald Reagan, scientific worldview, self-driving car, side project, Silicon Valley, Silicon Valley ideology, Silicon Valley startup, Skype, smart meter, stem cell, Steve Jobs, Steve Wozniak, Stewart Brand, synthetic biology, tech billionaire, technological determinism, Ted Nelson, The Market for Lemons, Thomas Malthus, too big to fail, Tragedy of the Commons, trickle-down economics, Turing test, Vannevar Bush, WikiLeaks, zero-sum game
What makes this doubly confounding is that while Silicon Valley might sell artificial intelligence to consumers, our industry certainly wouldn’t apply the same automated techniques to some of its own work. Choosing design features in a new smartphone, say, is considered too consequential a game. Engineers don’t seem quite ready to believe in their smart algorithms enough to put them up against Apple’s late chief executive, Steve Jobs, or some other person with a real design sensibility. But the rest of us, lulled by the concept of ever-more intelligent AIs, are expected to trust algorithms to assess our aesthetic choices, the progress of a student, the credit risk of a homeowner or an institution. In doing so, we only end up misreading the capability of our machines and distorting our own capabilities as human beings.
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Or is the pattern mostly a function of distinctly human qualities? This is unknown, of course, but I suspect human nature plays a huge role. One piece of evidence is that those who are the most successful at the Siren Server game are also playing much older games at the same time. Before Apple, for instance, Steve Jobs famously went to India with his college friend Dan Kottke. While I never had occasion to talk to Jobs about it, I did hear many a tale from Kottke, and I have a theory I wish I’d had a chance to try out on Jobs. Jobs used to love the Beatles and bring them up fairly often, so I’ll use some Beatles references.
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There are legendary professors and we scramble to recruit their graduating students. But it’s also considered the height of hipness to eschew a traditional degree and unequivocally prove yourself through other means. The list of top company runners who dropped out of college is commanding: Bill Gates, Steve Jobs, Steve Wozniak, and Mark Zuckerberg, for a start. Peter Thiel, of Facebook and PayPal fame, started a fund to pay top students to drop out of school, since the task of building high-tech startups should not be delayed. Mea culpa. I never earned a real degree (though I have received honorary ones).
The Lonely Century: How Isolation Imperils Our Future by Noreena Hertz
"Friedman doctrine" OR "shareholder theory", Airbnb, airport security, algorithmic bias, Asian financial crisis, autism spectrum disorder, Bernie Sanders, Big Tech, big-box store, Broken windows theory, call centre, Capital in the Twenty-First Century by Thomas Piketty, car-free, Cass Sunstein, centre right, conceptual framework, Copley Medal, coronavirus, correlation does not imply causation, COVID-19, dark matter, deindustrialization, Diane Coyle, digital divide, disinformation, Donald Trump, driverless car, emotional labour, en.wikipedia.org, Erik Brynjolfsson, Evgeny Morozov, fake news, Fellow of the Royal Society, future of work, gender pay gap, gentrification, gig economy, Gordon Gekko, greed is good, Greta Thunberg, happiness index / gross national happiness, housing crisis, illegal immigration, independent contractor, industrial robot, Jane Jacobs, Jeff Bezos, Jeremy Corbyn, Jessica Bruder, job automation, job satisfaction, karōshi / gwarosa / guolaosi, Kevin Roose, knowledge economy, labor-force participation, lockdown, longitudinal study, low interest rates, low skilled workers, Lyft, Mark Zuckerberg, mass immigration, means of production, megacity, meta-analysis, move fast and break things, Network effects, new economy, Pepto Bismol, QWERTY keyboard, Ray Oldenburg, remote working, rent control, RFID, robo advisor, Ronald Reagan, Salesforce, San Francisco homelessness, Second Machine Age, Shoshana Zuboff, side hustle, Silicon Valley, Skype, Snapchat, social distancing, Social Responsibility of Business Is to Increase Its Profits, SoftBank, Steve Jobs, surveillance capitalism, TaskRabbit, tech worker, The Death and Life of Great American Cities, The Future of Employment, The Great Good Place, the long tail, The Wealth of Nations by Adam Smith, TikTok, Tim Cook: Apple, Uber and Lyft, uber lyft, urban planning, Wall-E, warehouse automation, warehouse robotics, WeWork, work culture , working poor, workplace surveillance
Children Now Have One’, NPR Education, 31 October 2019, https://www.npr.org/2019/10/31/774838891/its-a-smartphone-life-more-than-half-of-u-s-children-now-have-one; Zoe Kleinman, ‘Half of UK 10-year-olds own a smartphone’, BBC News, 4 February 2020, https://www.bbc.co.uk/news/technology-51358192. 56 ‘Most children own mobile phone by age of seven, study finds’, Guardian, 30 January 2020, https://www.theguardian.com/society/2020/jan/30/most-children-own-mobile-phone-by-age-of-seven-study-finds. 57 Nick Bilton, ‘Steve Jobs Was a Low-Tech Parent’, New York Times, 10 September 2014, https://www.nytimes.com/2014/09/11/fashion/steve-jobs-apple-was-a-low-tech-parent.html; Chris Weller, ‘Bill Gates and Steve Jobs Raised Their Kids Tech-Free and It Should Have Been a Red Flag’, Independent, 24 October 2017, https://www.independent.co.uk/life-style/gadgets-and-tech/bill-gates-and-steve-jobs-raised-their-kids-techfree-and-it-shouldve-been-a-red-flag-a8017136.html. 58 Matt Richtel, ‘A Silicon Valley School That Doesn’t Compute’, New York Times, 22 October 2011, https://www.nytimes.com/2011/10/23/technology/at-waldorf-school-in-silicon-valley-technology-can-wait.html. 59 Nellie Bowles, ‘Silicon Valley Nannies Are Phone Police for Kids’, New York Times, 26 October 2018, https://www.nytimes.com/2018/10/26/style/silicon-valley-nannies.html. 60 Nellie Bowles, ‘The Digital Gap Between Rich and Poor Kids Is Not What We Expected’, New York Times, 26 October 2018, https://www.nytimes.com/2018/10/26/style/digital-divide-screens-schools.html. 61 This is amongst those who have devices.
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As Percy Bysshe Shelley put it in 1818 when his friend and biographer, Thomas Jefferson Hogg, sent him instructions on how to make a kaleidoscope: ‘Your kaleidoscope spread like the pestilence at Livorno. I heard that the whole population were given up to Kaleidoscopism.’9 Fast-forward two centuries and I’m sure you know where I’m going. The revolution that Steve Jobs triggered in 2007 with the launch of the iPhone means that most of us now have a modern day kaleidoscope in our pockets. One that is far more powerful and used far more obsessively than David Brewster’s popular toy. Kaleidoscomania on steroids Two hundred and twenty-one. That’s the number of times we check our phones on average each day.10 This adds up to three hours and fifteen minutes of average daily use, almost 1,200 hours a year.11 Around half of teens are now online ‘almost constantly’.12 A third of adults across the globe check their phones within five minutes of waking up; many of us (we know who we are) do so if we wake up in the middle of the night too.13 Digital distraction has become so bad that in Sydney, Tel Aviv and Seoul, cities with particularly high smartphone usage, urban planners have taken drastic steps to manage public safety.14 ‘Stop/Go’ lights have been installed into the pavements so that pedestrians can see whether it is safe to cross without having to look up from their screens.
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Screen-free lives It’s with such insights in mind that some parents are actively promoting screen-free lives for their kids. Ironically it is Silicon Valley parents leading the way. They are one of the groups most likely to prohibit smartphone usage amongst their children and send them to screen-free schools. Steve Jobs notoriously limited how much technology his kids used at home, whilst Bill Gates didn’t allow his kids to get mobile phones until they were 14 and even then set strict screen-time limits.57 As early as 2011, the New York Times reported on the growing popularity of screen-free, experiential learning education systems such as Waldorf schools in Silicon Valley and other areas densely populated with tech executives and their families.58 Many self-respecting Silicon Valley parents nowadays go as far as to include in their nannies’ contracts a clause in which they promise not to use their phones for personal use in front of their charges.
Brilliant, Crazy, Cocky: How the Top 1% of Entrepreneurs Profit From Global Chaos by Sarah Lacy
Asian financial crisis, barriers to entry, Benchmark Capital, BRICs, clean tech, clean water, cloud computing, Deng Xiaoping, digital divide, Donald Trump, Elon Musk, fear of failure, Firefox, Great Leap Forward, Huaqiangbei: the electronics market of Shenzhen, China, income per capita, intangible asset, Jeff Bezos, knowledge economy, knowledge worker, M-Pesa, Mahatma Gandhi, Marc Andreessen, Mark Zuckerberg, Max Levchin, McMansion, megacity, Network effects, off-the-grid, One Laptop per Child (OLPC), paypal mafia, QWERTY keyboard, risk tolerance, Salesforce, Skype, social web, Steve Jobs, Tony Hsieh, urban planning, web application, women in the workforce, working-age population, zero-sum game
BYD and CK Telecom also want to climb the pyramid—and that’s what gives some Western businesspeople doing deals in the Sheraton Four Points a reason to drink. Think of the life cycle of a product like a pyramid. The top is brand: the worst Apple product stil enters the world blessed. Underneath that is design: users are picky in a maturing market, and they want a device to look cool from the hardware to the user experience to even what those in device circles cal the OBE or out-of-box experience. Apple excels at al three, which is a big reason no other gadget companies are mentioned in the same breath in the modern Steve Jobs era. Go down the pyramid another notch, and it gets considerably less sexy— engineering. This is the underlying technology that drives better, faster, smal er, cheaper gadgets.
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If the Advanced Research Projects Agency (ARPA) network and government research was as robust now as it was in earlier decades, the United States would be a leader in cleantech, and private and public market returns would have fol owed.2 This is a direct trickle down from Wal Street and the result of large pension funds, fund-of-funds, and endowments becoming the backers of VCs, not wealthy individuals and believers in the long-term benefits of true innovation. Wal Street lives its life quarter to quarter, and the ability to closely track stocks and funds online, on CNBC, and even on your smart phone encourages this. There are a few public-company CEOs who have the credibility and confidence to stand up to this pressure, among them Steve Jobs of Apple, Jeff Bezos of Amazon, and Larry El ison of Oracle, but the list is short. If startups continue to act like public companies, Silicon Val ey is in big trouble. Publicly held tech companies talk a good game about their investments in R&D, or research and development, and indeed the investment in company-based R&D has soared.
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This new entrepreneur is a mishmash between the mom-and-pop traders and retailers associated with the old world, contented to make enough to feed his or her family and little else, and the modern venture-funded, al -about-growth entrepreneurs of Silicon Val ey. These entrepreneurs live in a shrunken, globalized world. They may be grappling with emerging market problems, but their role models aren’t someone in a nearby vil age. They are frequently names like Bil Gates, Steve Jobs, or even Donald Trump and Walt Disney. These entrepreneurs have an inkling of how modern venture capital works. They know tiny companies can become huge powerhouses quickly. They know high risk can be highly rewarded. They know David can beat Goliath. And this new global entrepreneur has three big advantages.
Team Geek by Brian W. Fitzpatrick, Ben Collins-Sussman
anti-pattern, barriers to entry, cognitive dissonance, Dean Kamen, do what you love, en.wikipedia.org, fail fast, fear of failure, Free Software Foundation, Guido van Rossum, Ken Thompson, Paradox of Choice, Paul Graham, publish or perish, Richard Stallman, Silicon Valley, Steve Jobs, TED Talk, value engineering, web application
In this situation, almost everyone makes the same rookie mistake: they ramble, rant, and rave. Fitz (while working at Apple) bought his mom a lemon of an iMac more than 10 years ago, and on the advice of a coworker sent a “short” email to Steve Jobs.[54] This email served as a rough prototype of how to effectively ask an executive for help: Date: Thu, 1 Feb 2001 To: sjobs@apple.com Subject: Terrible customer experience with our hardware—what can I do? I would deeply appreciate if you could advise me on what I can do to address this problem. This is embarrassing—both for Apple and for myself. I purchased an iMac for my mother last Mother’s Day—she is the Vice-Principal of a Montessori school in New Orleans and uses an old Macintosh at school.
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(And Unix itself was written by a small group of smart people at Bell Labs, not entirely by Ken Thompson and Dennis Richie.) On that same note, did Stallman personally write all of the Free Software Foundation’s software? He wrote the first generation of Emacs. But hundreds of others were responsible for bash, the GCC tool chain, and all the rest of the software that runs on Linux. Steve Jobs led an entire team that built the Macintosh, and while Bill Gates is known for writing a BASIC interpreter for early home computers, his bigger achievement was building a successful company around MS-DOS. Yet they all became leaders and symbols of their collective achievements. And how about Michael Jordan?
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Sometimes it can be tricky to move into a management role over someone who has been a good friend and a peer. If the friend who is being managed is not self-managing and is not a hard worker, it can be stressful for everyone. We recommend that you avoid getting into this situation whenever possible. Antipattern: Compromise the Hiring Bar Steve Jobs once said: “A people hire other A people; B people hire C people.” It’s incredibly easy to fall victim to this adage, and even more so when trying to hire quickly. A common approach we’ve seen is that a team needs to hire five engineers, so they sift through their pile of applications, interview 40 or 50 people, and pick the best five regardless of whether they meet the hiring bar.
The Impulse Society: America in the Age of Instant Gratification by Paul Roberts
"Friedman doctrine" OR "shareholder theory", 2013 Report for America's Infrastructure - American Society of Civil Engineers - 19 March 2013, 3D printing, Abraham Maslow, accounting loophole / creative accounting, activist fund / activist shareholder / activist investor, Affordable Care Act / Obamacare, Alan Greenspan, American Society of Civil Engineers: Report Card, AOL-Time Warner, asset allocation, business cycle, business process, carbon tax, Carl Icahn, Cass Sunstein, centre right, choice architecture, classic study, collateralized debt obligation, collective bargaining, computerized trading, corporate governance, corporate raider, corporate social responsibility, creative destruction, crony capitalism, David Brooks, delayed gratification, disruptive innovation, double helix, Evgeny Morozov, factory automation, financial deregulation, financial engineering, financial innovation, fixed income, Ford Model T, full employment, game design, Glass-Steagall Act, greed is good, If something cannot go on forever, it will stop - Herbert Stein's Law, impulse control, income inequality, inflation targeting, insecure affluence, invisible hand, It's morning again in America, job automation, John Markoff, Joseph Schumpeter, junk bonds, knowledge worker, late fees, Long Term Capital Management, loss aversion, low interest rates, low skilled workers, mass immigration, Michael Shellenberger, new economy, Nicholas Carr, obamacare, Occupy movement, oil shale / tar sands, performance metric, postindustrial economy, profit maximization, Report Card for America’s Infrastructure, reshoring, Richard Thaler, rising living standards, Robert Shiller, Rodney Brooks, Ronald Reagan, shareholder value, Silicon Valley, speech recognition, Steve Jobs, stock buybacks, technological determinism, technological solutionism, technoutopianism, Ted Nordhaus, the built environment, the long tail, The Predators' Ball, the scientific method, The Wealth of Nations by Adam Smith, Thorstein Veblen, too big to fail, total factor productivity, Tyler Cowen, Tyler Cowen: Great Stagnation, value engineering, Walter Mischel, winner-take-all economy
Yet even before we could seriously question the durability of our new strategies and the sustainability of our new consumer culture, our attention was diverted by yet another surge of personal power that would push the self-centered economy to an even more commanding height. The iconic image of this next wave is that of a baby-faced Steve Jobs, dapper in his Beatles haircut and black tux, unveiling his Apple Macintosh before a hushed crowd of Apple shareholders in January 1984. Personal computers had been around since the late 1970s, but the Macintosh was the first machine that actually catered to the dimensions and desires of the average person, and its success would change everything.
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Bright young women and men who traditionally took positions in essential fields such as engineering or medicine or research are increasingly likely to opt for the faster returns of the financial sector.26 “Finance literally bids rocket scientists away from the satellite industry,” write Stephen Cecchetti and Enisse Kharroubi, economists at the Bank of International Settlements and experts in the effects of financial sector expansion.27 “People who might have become scientists, who in another age dreamt of curing cancer or flying to Mars, today dream of becoming hedge fund managers.” Even many conservative economists who are generally content to let markets allocate talent worry about the financial sector’s warping effects on the job market. “The last thing we need is for the next Steve Jobs to forgo Silicon Valley in order to join the high-frequency traders on Wall Street,” writes Harvard economist Greg Mankiw. “That is, we shouldn’t be concerned about the next Steve Jobs striking it rich, but we want to make sure he strikes it rich in a socially productive way.”28 Mankiw’s point about striking it rich in “a socially productive way” is central here. In a truly efficient market, people and companies earn only as much as is necessary to induce them to deliver a particular service or product.
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Our entire sense of what was possible was being transformed by the rapid pace of technological change: if we were dissatisfied with the present, we could rest assured that some new product or experience or interaction—some new opportunity to narrow the gap between wanting and having, between desire and being—was only seconds away. The cheering for Steve Jobs and his toylike creation was utterly genuine and entirely understandable. We’d all been given a glimpse of the sort of power and freedom that would soon be available to the individual, and we could hardly wait to get started. Chapter 3 Power Corrupts In the early 1990s, just as the second wave of digital technologies was shoving the market into high gear, an aspiring behavioral scientist at the University of Chicago named Dilip Soman set out to study the effects of one of those technologies, consumer credit, on the human brain.
Fortunes of Change: The Rise of the Liberal Rich and the Remaking of America by David Callahan
"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, affirmative action, Albert Einstein, American Legislative Exchange Council, An Inconvenient Truth, automated trading system, benefit corporation, Bernie Sanders, Big Tech, Bonfire of the Vanities, book value, carbon credits, carbon footprint, carbon tax, Carl Icahn, carried interest, clean water, corporate social responsibility, David Brooks, demographic transition, desegregation, don't be evil, Donald Trump, Douglas Engelbart, Douglas Engelbart, Edward Thorp, financial deregulation, financial engineering, financial independence, global village, Gordon Gekko, greed is good, Herbert Marcuse, high net worth, income inequality, Irwin Jacobs: Qualcomm, Jeff Bezos, John Bogle, John Markoff, Kickstarter, knowledge economy, knowledge worker, Larry Ellison, Marc Andreessen, Mark Zuckerberg, market fundamentalism, medical malpractice, mega-rich, Mitch Kapor, Naomi Klein, NetJets, new economy, offshore financial centre, Peter Thiel, plutocrats, power law, profit maximization, quantitative trading / quantitative finance, Ralph Nader, Renaissance Technologies, Richard Florida, Robert Bork, rolodex, Ronald Reagan, school vouchers, short selling, Silicon Valley, Social Responsibility of Business Is to Increase Its Profits, stem cell, Steve Ballmer, Steve Jobs, systematic bias, systems thinking, unpaid internship, Upton Sinclair, Vanguard fund, War on Poverty, working poor, World Values Survey
They are known for their odd hours, casual style, and offbeat behavior—like when Larry Page and Sergey Brin rolled onstage on inline skates at the G1 mobile phone launch. Apple Computer captured this spirit in its famous 1997 ad as part of its “Think Different” campaign. The ad, narrated by the liberal actor Richard Dreyfuss, said, “Here’s to the crazy ones, the misfits, the rebels, the troublemakers, the round pegs in a square hole, the ones who see things different. They’re not fond of rules and they have no respect for the status quo.” The ad went on, flashing footage of Albert Einstein, Martin Luther King Jr., John Lennon and Oko Yono, Gandhi, and others. It was the first ad campaign approved by Steve Jobs after his return to Apple. Beyond their noncomformity, techies tend to be highly educated, a trait that correlates closely with liberal politics.
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Certainly he’s not known for his philanthropy, which has been virtually nonexistent—to the point that there is a spoof floating around on the Internet, The Complete Book of Steve Jobs’ Philanthropy, which is c08.indd 192 5/11/10 6:24:56 AM left-coast money 193 a PDF document consisting of fifty blank pages. But the man does have $5 billion, and one day—when he’s no longer obsessed with “i” this or “i” that—Jobs will turn inevitably to philanthropy. Chances are, that philanthropy will reflect his countercultural roots and Democratic sympathies. The great technology fortunes of the United States remain very new, and many are in the hands of relatively young people. Steve Jobs was born in 1955. Bill Gates is the same age, as is Eric Schmidt, the “grown-up” in Google’s high command.
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(In turn, conservative tax policy victories starting in the early 1980s have allowed them to keep more of this money.) In 1982, roughly 50 members of the Forbes 400 had college degrees. By 2006, 244 of those on the list had finished college and at least 132 had graduate degrees—or nearly a third of U.S. billionaires. That some of America’s richest people dropped out of college, such as Bill Gates, Steve Jobs, Michael Dell, and Larry Ellison, stands at odds with the broader trend. According to an analysis by Forbes, billionaires in the finance sector were the most educated group among the super-rich in 2006: 55 percent had graduate degrees. Attending an elite university seems to have much to do with getting rich, too.
Small Data: The Tiny Clues That Uncover Huge Trends by Martin Lindstrom
autonomous vehicles, Berlin Wall, big-box store, correlation does not imply causation, driverless car, Edward Snowden, Fall of the Berlin Wall, land reform, Mikhail Gorbachev, Murano, Venice glass, Richard Florida, rolodex, self-driving car, Skype, Snapchat, Steve Jobs, Steven Pinker, too big to fail, urban sprawl
Some of the most powerful brands in the world make unconscious use of a Blue Script and Green Script. Disney Chairman and CEO Bob Iger and Apple CEO Steve Jobs once had a conversation about retail, during which Jobs told Iger that retailers should always ask themselves one question: If a store could talk, what would it say to the people entering it? Disney Stores may have a functional layout, but from an emotional perspective, Disney’s Green Script intent is to create the 30 happiest minutes in a child’s life. Enter an Apple Store and its architecture, simple wood and sparse, jewel-like product selection intentionally evoke the layout of a contemporary art museum.
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How do you reinvent yourself when the original version lives online forever? From my perspective, smartphones are squeezing creativity out of society, especially among younger generations. The Internet is analogous to junk food. It satisfies your appetite for 30 minutes, but an hour later you are hungry again. Even Apple CEO Steve Jobs once told a New York Times reporter that, “We limit how much technology our kids use at home,”8 an opinion seconded by Chris Anderson, the former editor of Wired magazine: “We have seen the dangers of technology firsthand. I’ve seen it in myself, I don’t want to see that happen to my kids.”9 Consider Russia, or China, where online media is controlled and monitored.
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If a young, observant gay male likes something, it’s probably all right, which is why the crowd flocking at Tally’s on opening night had a big percentage of young gay men in attendance, whom we hoped might serve as fashion arbiters for younger female consumers. Earlier, I brought up the question Steve Jobs asked Disney CEO Robert Iger: “If a store could talk, what would it say to the people entering it?” Tally Weijl 2.0—which was chic, trendy, colorful, and simultaneously child-like and sophisticated—had a lot to say. Instead of talking down to them, I wanted Tally to communicate directly to the girl who loved her teddy bear while also keeping her gaze trained on a future international catwalk.
No One Succeeds Alone by Robert Reffkin
Albert Einstein, coronavirus, COVID-19, financial independence, George Floyd, global pandemic, hiring and firing, Isaac Newton, Jeff Bezos, Marc Benioff, market design, pattern recognition, Salesforce, Steve Jobs, young professional
Leonard’s underlying motivation, we discovered, was to find a leadership position that would allow him to help transform our industry and create a better future for real estate agents. Ori was the one who thought of using an analogy to Apple, which had always had great tech talent but had only become wildly successful because they were guided by a well-respected visionary with strong opinions and the ability to advocate for their customers. With this in mind, Ori told Leonard, “We have some of the best software engineers from places like Google and incredible business minds from places like McKinsey and Goldman, but we need our Steve Jobs. We need someone like you to build trust with the real estate world and make sure we’re building technology that agents love.”
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In that moment, I saw in Leonard’s eyes that he’d committed to joining Compass. The week before Leonard started, Ori and I visited his beautiful home and he gave us the full tour. Above his desk—as hard as this is to believe—was a rare signed photograph of Steve Jobs. I remember looking at Ori after we both saw the photograph and smiling. Ori hadn’t just been perceptive—he’d also been lucky. Even though Leonard would never compare himself to Steve Jobs, he was deeply inspired by the type of difference Jobs had made. Still, Leonard’s deciding to come to Compass was a big risk for him. (I cannot overstate how unlikely it was that a one-year-old start-up was hiring the number one agent in the biggest city in America.)
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How the difficulties of my childhood helped me open the door to my future Turn your story into a beautiful narrative that inspires others We all have a story to tell about ourselves and our lives—and there is a story that the world is likely to tell about us if we don’t step up and tell it first. Think about Steve Jobs. You could think of his story as “unpleasant college dropout forces his opinions on the world” or as the story that most of us are familiar with: “passionate visionary uses his obsessions with design and technology to transform billions of lives.” When I was a senior in high school, you could have told quite different stories about me depending on your vantage point.
The Compound Effect by Darren Hardy
clean water, Saturday Night Live, Steve Jobs, Tony Hsieh
I was always blown away when I received a check on the twenty-seventh of the month from him for next month’s payment. When I asked him about it, he said the obvious, “It’s the same money, but the surprise and good will it buys is immeasurable—why wouldn’t you?” This is one of the reasons why I admire Steve Jobs so much. Of all the sensational people we’ve featured on the cover of SUCCESS, Jobs is one of my favorites. Whatever your expectations are about the next Apple product launch, Jobs always has a little (or a lot of) something extra to WOW you. In the grand scheme of things, it might be only a minor addition, but even so, it’s better than expected and multiplies the impression and response from his customers and deepens their loyalty.
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Download the goal sheet at www.TheCompoundEffect.com/free Order your copy of Living Your Best Year Ever–A Proven System for Achieving BIG GOALS from www.SUCCESS.com/BestYearEver to guide you through the designing process as well as the achieving process all year long. CHAPTER 4 MOMENTUM I’d like to introduce you to a very good friend of mine. This friend, also close to Bill Gates, Steve Jobs, Richard Branson, Michael Jordan, Lance Armstrong, Michael Phelps, and every other superachiever, will impact your life like no other. I’d like to introduce you to Mo, or “Big Mo,” as I like to call it. Big Mo is, without doubt, one of the most powerful and enigmatic forces of success. You can’t see or feel Mo, but you know when you’ve got it.
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Rise & Shine My morning routine is my Jack Nicklaus pre-shot preparation; it sets me up for the entire day. Because it happens every morning, it’s locked in and I don’t have to think about it. My iPhone alarm goes off at 5 a.m. (confession: sometimes, 5:30 a.m.) and I hit the Snooze button. Then I know I have eight minutes. Why eight? I have no idea, ask Steve Jobs; he programmed it. During those eight minutes I do three things: First, I think of all the things I’m grateful for. I know I need to attune my mind to abundance. The world looks, acts, and responds to you very differently when you start your day with a feeling and orientation of gratitude for that which you already have.
Masters of Scale: Surprising Truths From the World's Most Successful Entrepreneurs by Reid Hoffman, June Cohen, Deron Triff
"Susan Fowler" uber, 23andMe, 3D printing, Airbnb, Anne Wojcicki, Ben Horowitz, bitcoin, Blitzscaling, Broken windows theory, Burning Man, call centre, chief data officer, clean water, collaborative consumption, COVID-19, crowdsourcing, data science, desegregation, do well by doing good, Elon Musk, financial independence, fulfillment center, gender pay gap, global macro, growth hacking, hockey-stick growth, Internet of things, knowledge economy, late fees, Lean Startup, lone genius, Marc Benioff, Mark Zuckerberg, minimum viable product, move fast and break things, Network effects, Paul Graham, Peter Thiel, polynesian navigation, race to the bottom, remote working, RFID, Ronald Reagan, Rubik’s Cube, Ruby on Rails, Salesforce, Sam Altman, Sheryl Sandberg, Silicon Valley, Silicon Valley startup, social distancing, Steve Jobs, Susan Wojcicki, TaskRabbit, TechCrunch disrupt, TED Talk, the long tail, the scientific method, Tim Cook: Apple, Travis Kalanick, two and twenty, work culture , Y Combinator, zero day, Zipcar
This gave her a clear view of every product and every team throughout the organized chaos of the entire company. She was also one of the few people who knew how Google’s systems worked. For decades now, startups have had an affinity for pirates. And it began—like so many things in tech—with Steve Jobs. When Steve was building the first Macintosh, he coined the phrase “It’s better to be a pirate than to join the navy.” The Mac team got on board, creating a homemade pirate flag with a rainbow Apple logo as an eye patch. In Silicon Valley, the pirate image stuck. It’s easy to be seduced by this image of the entrepreneur as pirate. Who doesn’t want to imagine themselves leaping across the rigging, cutlass in hand?
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And what if I did this?’ ” These conversations went long and deep, with questions like How would you like to see peer reviews work? And What do you need most from customer support, and when? “We didn’t just meet our users, we lived with them,” Brian says. “I used to joke that when you bought an iPhone, Steve Jobs didn’t come sleep on your couch, but I did.” As he was doing his home visits, Brian developed a clever method for extracting valuable feedback. Instead of just asking what people thought about the product as it existed now, he’d ask what they thought about the product he might build. “If I ask, ‘What can I do to make this better?’
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Nonetheless, the vast majority of tech CEOs have degrees in business or computer science. Brian, however, has a BFA in Industrial Design (from the Rhode Island School of Design). And design thinking is one of his superpowers. But just in case you think “design” means “making things pretty,” Brian would like to shift your thinking. “We have a different definition of ‘design.’ Steve Jobs had a famous quote: ‘A lot of people have the fallacy of believing design is how it looks. Design is how it works.’ Another way of saying that is: ‘Design is what it is.’ ” And Brian knows how to use design thinking to reimagine what something is—or could be. He can turn a commonplace conference-room brainstorm into an elevated exercise in inventing the future.
Chaos Monkeys: Obscene Fortune and Random Failure in Silicon Valley by Antonio Garcia Martinez
Airbnb, airport security, always be closing, Amazon Web Services, Big Tech, Burning Man, business logic, Celtic Tiger, centralized clearinghouse, cognitive dissonance, collective bargaining, content marketing, corporate governance, Credit Default Swap, crowdsourcing, data science, deal flow, death of newspapers, disruptive innovation, Dr. Strangelove, drone strike, drop ship, El Camino Real, Elon Musk, Emanuel Derman, Fairchild Semiconductor, fake it until you make it, financial engineering, financial independence, Gary Kildall, global supply chain, Goldman Sachs: Vampire Squid, Hacker News, hive mind, How many piano tuners are there in Chicago?, income inequality, industrial research laboratory, information asymmetry, information security, interest rate swap, intermodal, Jeff Bezos, Kickstarter, Malcom McLean invented shipping containers, Marc Andreessen, Mark Zuckerberg, Maui Hawaii, means of production, Menlo Park, messenger bag, minimum viable product, MITM: man-in-the-middle, move fast and break things, Neal Stephenson, Network effects, orbital mechanics / astrodynamics, Paul Graham, performance metric, Peter Thiel, Ponzi scheme, pre–internet, public intellectual, Ralph Waldo Emerson, random walk, Reminiscences of a Stock Operator, Ruby on Rails, Salesforce, Sam Altman, Sand Hill Road, Scientific racism, second-price auction, self-driving car, Sheryl Sandberg, Silicon Valley, Silicon Valley startup, Skype, Snapchat, social graph, Social Justice Warrior, social web, Socratic dialogue, source of truth, Steve Jobs, tech worker, telemarketer, the long tail, undersea cable, urban renewal, Y Combinator, zero-sum game, éminence grise
.* In theory, marketers could sell all that data, associating it with your device ID, and then use it to target you on Facebook or on mobile ad exchanges. That doesn’t happen, for two reasons: First, companies like Apple have monopolistic control of their platforms, and as part of the app-approval process that allows a new app into Apple’s App Store, Apple can limit the use of this magical device ID.† In general, Apple has shown itself very protective of users (Steve Jobs was famously indifferent, to not say antagonistic, to advertising), and very keen on foiling any secondary market in targeting data. Second, app developers themselves jealously guard their data as their own, are reluctant to share it, and would rather monetize its power themselves rather than pursue the short-term upside of selling it, potentially to competitors.
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Bushnell announced a $700 prize for anyone who could design a hardware-software combo that would power the game, with a $1,000 bonus for every chip that was saved in manufacturing the circuit (chips used to be expensive). Jobs convinced his eventual Apple cofounder, Steve “Woz” Wozniak, to take on the project, stipulating it had to be done in four days to fit his social schedule (he had to go pick apples at a utopian commune). Woz worked like hell, with Jobs doing the manual labor of testing the designed circuits, and they made the deadline. Jobs, however, never told Woz about the bonuses, having mentioned only the base prize. He gave Woz $350, shortchanging his collaborator, who had made the entire thing possible, and used the stolen cash to finance his lifestyle. Steve Jobs was all smoldering ambition, ruthless will to power, and narcissistic amour propre; by all accounts of people who actually worked with him, he was a mediocre engineer who had good taste and knew how to recognize in others talents he didn’t posses, and got them to work like hell for him, while fending off competitors in the meantime.
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Amazon clearly fell into the former category. Jeff Bezos was a maniacal leader who would stop at nothing until his vision of the world was realized, and who had inspired, cajoled, or intimidated an army to implement that vision. Zuck looked over at Bezos in Seattle, or Larry Page from Google in Mountain View, or (in the past) Steve Jobs from Apple in Cupertino, and he saw more than just a tech company and a chief executive. He saw a reflection of himself among those men, and that was terrifying. Other players in the tech or media worlds could be outwitted, out-engineered, or otherwise co-opted or bought off, but not these alpha companies.
Hemingway Didn't Say That: The Truth Behind Familiar Quotations by Garson O'Toole
Abraham Maslow, Albert Einstein, Anton Chekhov, Apple's 1984 Super Bowl advert, Bertrand Russell: In Praise of Idleness, en.wikipedia.org, Honoré de Balzac, Internet Archive, Lao Tzu, Mahatma Gandhi, New Journalism, ought to be enough for anybody, Ralph Waldo Emerson, Ronald Reagan, Russell Brand, Steve Jobs, Wayback Machine, Yogi Berra
The article contained a controversial remark by Steve Jobs, the iconic entrepreneur and cofounder of Apple.1 Steve Jobs said that while it was being developed he kept in mind a quote from Pablo Picasso, “Good artists copy. Great artists steal.” Jobs repeated the quip in front of the camera for a multipart PBS television program called Triumph of the Nerds: The Rise of Accidental Empires. (The interview was later released in its entirety as a full-length film called The Lost Interview.)2 Credit: Magnolia Pictures/PBS. “Good artists copy; great artists steal”: Steve Jobs misattributing a phrase to Pablo Picasso in The Last Interview.
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QI does not know whether the prominent literary critic Lionel Trilling made the statement above, but its appearance in Esquire catalyzed its wide dissemination with the attached ascription. By the 1960s and 1970s, the quote attributed to Eliot could be heard in the same circles as the quote by Trilling and several new iconic voices (which may explain what could have led to Steve Jobs’s confusion). In 1967 the Los Angeles–based music critic and lecturer Peter Yates published the book Twentieth Century Music: Its Evolution from the End of the Harmonic Era into the Present Era of Sound. In the work Yates claimed that he heard the prominent composer Igor Stravinsky employ an instance of the saying.
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Peter, which happens to be the source of a great many misattributed quotations, it turns out, included the saying and attributed the words to T. S. Eliot. However, like Gill, Peter wrongly used the version printed in the Atlantic Monthly.12 The last instance of the saying known to QI before PBS taped the Steve Jobs interview in 1995 is found in a 1986 instructional text about preparing computerized documents called LaTeX: A Document Preparation System. The work credits Stravinsky with a further evolved version of the quotation. By the second edition the footnote was deleted:13 “Lesser artists borrow; great artists steal.”
Principles: Life and Work by Ray Dalio
Alan Greenspan, Albert Einstein, asset allocation, autonomous vehicles, backtesting, Bear Stearns, Black Monday: stock market crash in 1987, cognitive bias, currency risk, Deng Xiaoping, diversification, Dunning–Kruger effect, Elon Musk, financial engineering, follow your passion, global macro, Greenspan put, hiring and firing, iterative process, Jeff Bezos, Long Term Capital Management, margin call, Market Wizards by Jack D. Schwager, microcredit, oil shock, performance metric, planetary scale, quantitative easing, risk tolerance, Ronald Reagan, Silicon Valley, Steve Jobs, transaction costs, yield curve
My college years coincided with the era of free love, mind-expanding drug experimentation, and rejection of traditional authority. Living through it had a lasting effect on me and many other members of my generation. For example, it deeply impacted Steve Jobs, whom I came to empathize with and admire. Like me, he took up meditation and wasn’t interested in being taught as much as he loved visualizing and building out amazing new things. The times we lived in taught us both to question established ways of doing things—an attitude he demonstrated superbly in Apple’s iconic “1984” and “Here’s to the Crazy Ones,” which were ad campaigns that spoke to me. For the country as a whole, those were difficult years.
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Later in the book I will describe specific strategies for change, but the important thing to note here is that beneficial change begins when you can acknowledge and even embrace your weaknesses. Over the years that followed, I found that most of the extraordinarily successful people I’ve met had similar big painful failures that taught them the lessons that ultimately helped them succeed. Looking back on getting fired from Apple in 1985, Steve Jobs said, “It was awful-tasting medicine, but I guess the patient needed it. Sometimes life hits you in the head with a brick. Don’t lose faith. I’m convinced that the only thing that kept me going was that I loved what I did.” I saw that to do exceptionally well you have to push your limits and that, if you push your limits, you will crash and it will hurt a lot.
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A culture and its people are symbiotic—the culture attracts certain kinds of people and the people in turn either reinforce or evolve the culture based on their values and what they’re like. If you choose the right people with the right values and remain in sync with them, you will play beautiful jazz together. If you choose the wrong people, you will all go over the waterfall together. Steve Jobs, who everyone thought was the secret to Apple’s success, said, “The secret to my success is that we’ve gone to exceptional lengths to hire the best people in the world.” I explain this concept in the next chapter, Remember That the WHO Is More Important than the WHAT. Anyone who runs a successful organization will tell you the same.
The Start-Up of You: Adapt to the Future, Invest in Yourself, and Transform Your Career by Reid Hoffman, Ben Casnocha
Airbnb, Andy Kessler, Apollo 13, Benchmark Capital, Black Swan, business intelligence, Cal Newport, Clayton Christensen, commoditize, David Brooks, Donald Trump, Dunbar number, en.wikipedia.org, fear of failure, follow your passion, future of work, game design, independent contractor, information security, Jeff Bezos, job automation, Joi Ito, late fees, lateral thinking, Marc Andreessen, Mark Zuckerberg, Max Levchin, Menlo Park, out of africa, PalmPilot, Paul Graham, paypal mafia, Peter Thiel, public intellectual, recommendation engine, Richard Bolles, risk tolerance, rolodex, Salesforce, shareholder value, Sheryl Sandberg, side project, Silicon Valley, Silicon Valley startup, social web, Steve Jobs, Steve Wozniak, the strength of weak ties, Tony Hsieh, transaction costs, Tyler Cowen
They are valuable no matter your career stage. They are urgent whether you’re just out of college, a decade into the workforce and angling for that next big move, or launching a brand-new career later in life. Companies act small to retain an innovative edge no matter how large they grow. Steve Jobs called Apple the “biggest start-up on the planet.” In the same way, you need to stay young and agile; you need to forever be a start-up. WHY US? I (Reid) cofounded LinkedIn in 2003 with the mission of connecting the world’s professionals to make them more productive and successful. More than 100 million members (at the time of the LinkedIn IPO in May 2011) and nine years later, I’ve learned a tremendous amount about how professionals in every industry manage their careers: how they connect with trusted business contacts, find jobs, share information, and present their online identities.
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But you should at least orient yourself in the direction of a pole star, even if it changes. Jack Dorsey is cofounder and executive chairman of Twitter and cofounder and CEO of Square, a mobile credit card payments start-up. He’s known in Silicon Valley as a product visionary who prizes design and who takes inspiration from sources as varied as Steve Jobs and the Golden Gate Bridge. Both his companies have grown to towering heights (and multibillion-dollar valuations) while keeping Jack’s values and priorities intact. Twitter is still minimalistic and clean; the Square device is still elegant. His aspiration to make complex things simple and his value of design are part of the reason his companies have been so successful: they clarify product priorities, ensure a consistent customer experience, and make it easier to recruit employees who are attracted to similar ideas.
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No matter how brilliant your mind or strategy, if you’re playing a solo game, you’ll always lose out to a team. Athletes need coaches and trainers, child prodigies need parents and teachers, directors need producers and actors, politicians need donors and strategists, scientists need lab partners and mentors. Penn needed Teller. Ben needed Jerry. Steve Jobs needed Steve Wozniak. Indeed, teamwork is eminently on display in the start-up world. Very few start-ups are started by only one person. Everyone in the entrepreneurial community agrees that assembling a talented team is as important as it gets. Venture capitalists invest in people as much as in ideas.
Inventor of the Future: The Visionary Life of Buckminster Fuller by Alec Nevala-Lee
Adam Neumann (WeWork), Airbnb, Albert Einstein, Alvin Toffler, American energy revolution, Apple II, basic income, Biosphere 2, blockchain, British Empire, Buckminster Fuller, Burning Man, Charles Lindbergh, cloud computing, Columbine, complexity theory, Computer Lib, coronavirus, cotton gin, COVID-19, cryptocurrency, declining real wages, digital nomad, double helix, Douglas Engelbart, Douglas Engelbart, East Village, Electric Kool-Aid Acid Test, Elon Musk, Evgeny Morozov, Frank Gehry, gentrification, gig economy, global village, Golden Gate Park, Henry Ford's grandson gave labor union leader Walter Reuther a tour of the company’s new, automated factory…, hydraulic fracturing, index card, information retrieval, James Dyson, Jane Jacobs, Jaron Lanier, Jeff Bezos, John Markoff, Kitchen Debate, Lao Tzu, lateral thinking, Lean Startup, Lewis Mumford, Mark Zuckerberg, Marshall McLuhan, megastructure, Menlo Park, minimum viable product, Mother of all demos, Neil Armstrong, New Journalism, Norbert Wiener, Norman Mailer, Own Your Own Home, Paul Graham, public intellectual, Ralph Waldo Emerson, reality distortion field, remote working, Ronald Reagan, side project, Silicon Valley, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, Ted Nelson, the built environment, The Death and Life of Great American Cities, the medium is the message, Thomas Malthus, universal basic income, urban planning, urban renewal, We are as Gods, WeWork, Whole Earth Catalog, WikiLeaks
Foster thought that RBF was only “lurking in the background” of Apple Park (Norman Foster, interviewed by author, October 30, 2020), but he credited him afterward for inspiring the glass dome of the Apple Marina Bay Sands store in Singapore (Norman Foster, “Buckminster Fuller—File for Future,” provided to the author by Foster). “Here’s to the crazy ones”: “Apple—Think Different—Full Version,” YouTube, 1:09, Harry Piotr, September 30, 2013, https://www.youtube.com/watch?v=5sMBhDv4sik. request of Jobs himself: Luke Dormehl, The Apple Revolution: The Real Story of How Steve Jobs and the Crazy Ones Took Over the World (London: Virgin, 2012), 395, and Leander Kahney, Inside Steve’s Brain (New York: Portfolio, 2008), 130.
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Courtesy of the estate of R. Buckminster Fuller Fuller died a month later, a half year before the release of the Macintosh, but his legacy at Apple endured. On September 28, 1997, a television commercial debuted during the network premiere of the animated film Toy Story. Steve Jobs had recently returned in triumph to Apple, and over a montage of luminaries—from Martin Luther King Jr. to Pablo Picasso—the actor Richard Dreyfuss offered a declaration of principles: “Here’s to the crazy ones. The misfits. The rebels. The troublemakers. The round pegs in the square holes. The ones who see things differently.” One of the seventeen icons was Buckminster Fuller, who had been featured at the request of Jobs himself.
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Barcroft had arrived without an appointment, and his entire plan depended on how confidently he handled himself now. Leaving Fuller in the car, he went inside and approached the receptionist. “I’ve got Bucky Fuller here for Steve Jobs.” The visit was a gamble, but he had reason to believe that it would pay off. Barcroft, a University of Denver graduate in his early thirties, hoped to produce a series of cable television programs featuring commentary from Fuller. A segment with one of the founders of Apple Computer would be a compelling proof of concept, but instead of calling ahead, Barcroft thought that he would have better luck by showing up unexpectedly with his famous guest.
The History of the Future: Oculus, Facebook, and the Revolution That Swept Virtual Reality by Blake J. Harris
"World Economic Forum" Davos, 4chan, airport security, Anne Wojcicki, Apollo 11, Asian financial crisis, augmented reality, barriers to entry, Benchmark Capital, Bernie Sanders, bitcoin, call centre, Carl Icahn, company town, computer vision, cryptocurrency, data science, disruptive innovation, Donald Trump, drone strike, Elon Musk, fake news, financial independence, game design, Grace Hopper, hype cycle, illegal immigration, invisible hand, it's over 9,000, Ivan Sutherland, Jaron Lanier, Jony Ive, Kickstarter, Marc Andreessen, Mark Zuckerberg, Menlo Park, Minecraft, move fast and break things, Neal Stephenson, Network effects, Oculus Rift, off-the-grid, Peter Thiel, QR code, sensor fusion, Sheryl Sandberg, side project, Silicon Valley, SimCity, skunkworks, Skype, slashdot, Snapchat, Snow Crash, software patent, stealth mode startup, Steve Jobs, unpaid internship, white picket fence
As such, Iribe and Mitchell made every effort possible to convince Bolas that Oculus was not another goose chase. At USC, which could afford a six-figure setup like the one Luckey wrote about on MTBS3D, Bolas was focused on pushing the limits of possibility; whereas, at Oculus, the focus would be on the possibilities of creating a consumer product. Or, to steal an analogy that Steve Jobs must have used at the dawn of Apple, the goal here wasn’t to build the most powerful mainframe possible; it was about empowering the masses with an affordable personal computer. “I genuinely believe that we can accomplish that,” Mitchell explained to Bolas and his Fakespace cofounder, Ian McDowall, during a last-minute, marathon dinner the three had in mid-July 2012.
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Largely because that same grandpa who had taught him that “Money is freedom and freedom is happiness” had also instilled the importance of responsibility and financial accountability. But managing one’s own finances was very different from managing an entire company. And while he was tempted to find out how different—by following in the footsteps of famous hackers-turned-tech-moguls like Steve Jobs, Larry Page, and Mark Zuckerberg—he didn’t want to let ego guide his decision making. “I realize that the thing to do is to try and be the God, emperor, and CEO of everything,” Luckey told Edelmann. “But running a company is not my aspiration. There’s a lot of operational aspects to running a company that I don’t want to be in charge of—like I do not want to be in charge of making sure everyone gets paid on time.
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To a different audience, those words may have sounded overly ambitious. But to the three men in that room, it was familiar, transporting each of them back in time. Back to a dark, cluttered ground-floor apartment that they all remembered so well (albeit not always so fondly), where ten years earlier, younger versions of themselves—a trio of Danish Steve Jobs Fanatics—had just started a game company, Over the Edge Entertainment, that most agreed would fail. On top of all the risks typically associated with such an endeavor (cost, development cycle, etc.), these guys had made the bold decision to focus exclusively on Mac-based games, a segment that, at the time, made up less than 1 percent of the video game market.10 Or to put it even more starkly: of the one hundred best-selling games in 2002, none were made for the Mac.
Possiplex by Ted Nelson
Any sufficiently advanced technology is indistinguishable from magic, Bill Duvall, Brewster Kahle, Buckminster Fuller, Computer Lib, cuban missile crisis, Donald Knuth, Douglas Engelbart, Douglas Engelbart, Dr. Strangelove, Herman Kahn, HyperCard, Ivan Sutherland, Jaron Lanier, John Markoff, Kevin Kelly, Marc Andreessen, Marshall McLuhan, Murray Gell-Mann, nonsequential writing, pattern recognition, post-work, Project Xanadu, RAND corporation, reality distortion field, semantic web, Silicon Valley, Steve Jobs, Stewart Brand, Ted Nelson, Thomas Kuhn: the structure of scientific revolutions, Vannevar Bush, Zimmermann PGP
Jobs did, as I would have.) The marvelous buildout by Woz to the Apple II was based to a large extent on Jobs’ perception of the home and personal market, which few others saw. (For my own experiences with this obtuseness, see Itty Bitty story in this book, 1975-7.) My influence on Steve Jobs? I do believe Steve Jobs based the entire style and persona of the Apple corporation on the attitude of my book Computer Lib—the attitude of creative defiance that I offered the reader, and that Jobs invited the Apple customers to share.* * Creative defiance has always been my attitude, and is the essence of Bohemianism.)
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The fact that he became the Bad Boy of Norwegian literature, and (some say) I became the Bad Boy of computerdom, is a strange coincidence that would not seem to follow from our friendship or what I responded to in him. But who can know. STEVE JOBS I feel I have a special relationship to Steve Jobs, though I have met him only once. I think of him as my dark younger twin. We are similar in several key aspects: • He understands users, as do I. • He is absolutely sure of his views, as am I. • He is absolutely sure of his abilities, as am I. • He is intolerant of stupidity, as am I. • He is basically a movie director. However, Jobs got leverage and I didn’t. (His friend Woz dropped the Apple I in his lap, but not everyone would have known what to do with it. Jobs did, as I would have.)
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(At this time lower case had just gotten to the Apple II—you had to buy a little circuit called a Paymar Adapter—but it meant that the Apple could now be used for text.) I worked with a wonderful woman, Laura McLaughlin, who started implementing JOT for the Apple in Applesoft Basic. Unfortunately there were undocumented problems in Applesoft Basic, making JOT impossible, so if it was going onto the Apple II it would have to be by other means. Chapter 13. TEXILE, 1981-88 My friend Steve Witham, who was working with me on a new version of JOT for the Apple II, agreed to come down to Texas with me. I would pay his expenses and he’d finish the software.
Masters of Doom: How Two Guys Created an Empire and Transformed Pop Culture by David Kushner
AOL-Time Warner, Apple's 1984 Super Bowl advert, book scanning, Colossal Cave Adventure, Columbine, corporate governance, Free Software Foundation, game design, glass ceiling, Hacker Ethic, informal economy, Marc Andreessen, market design, Marshall McLuhan, Neal Stephenson, Saturday Night Live, side project, Silicon Valley, SimCity, slashdot, Snow Crash, software patent, Steve Jobs, Steven Levy, X Prize
Two hundred cards went flying into the air and scattered across the wet ground. Romero decided it was time to move on. He soon found his next love: the Apple II computer. Apple had become the darling of the indie hacker set ever since the machine was introduced at a 1976 meeting of the Homebrew Computer Club, a ragtag group of California techies. As the first accessible home computers, Apples were ideally suited tor making and playing games. This was thanks in no small part to the roots of the company’s cofounders, Steve Jobs and Stephen Wozniak–or, as they became known, the Two Steves. Jobs, a college dropout with a passion for Buddhism and philosophy, took his first job at a start-up video game company called Atari in the mid11 seventies.
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They came from and evolved into all walks of life: Bill Gates, a Harvard dropout who would write the first BASIC programming code for the pioneering Altair personal computer and form the most powerful software company in the world; game makers like Slug Russell, Ken and Roberta Williams, Richard “Ultima” Garriott; the Two Steves–Jobs and Wozniak–who turned their passion for gaming into the Apple II. They were all hackers. “Though some in the field used the term hacker as a form of a derision,” Lew wrote in the preface, “implying that hackers were either nerdy social outcasts or ‘unprofessional’ programmers who wrote dirty, ‘nonstandard’ computer code, I found them quite different.
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It was easy enough for him to shut out the weather, just like he could, when necessary, shut Tom and Romero’s antics out of his mind. He was on a mission. Carmack stepped into the local bank and requested a cashier’s check for $11,000. The money was for a NeXT computer, the latest machine from Steve Jobs, cocreator ol Apple. The NeXT, a stealth black cube, surpassed the promise of Jobs’s earlier machines by incorporating NeXTSTEP, a powerful system tailor-made for custom software development. The market for PCs and games was exploding, and this was the perfect tool to create more dynamic titles for the increasingly viable gaming platform.
Getting Real by Jason Fried, David Heinemeier Hansson, Matthew Linderman, 37 Signals
call centre, David Heinemeier Hansson, iterative process, John Gruber, knowledge worker, Merlin Mann, Metcalfe's law, performance metric, post-work, premature optimization, Ruby on Rails, slashdot, social bookmarking, Steve Jobs, web application
Innovation Comes From Saying No [Innovation] comes from saying no to 1,000 things to make sure we don't get on the wrong track or try to do too much. We're always thinking about new markets we could enter, but it's only by saying no that you can concentrate on the things that are really important. —Steve Jobs, CEO, Apple (from The Seed of Apple's Innovation) Table of contents | Essay list for this chapter | Next essay Race to Running Software Get something real up and running quickly Running software is the best way to build momentum, rally your team, and flush out ideas that don't work. It should be your number one priority from day one.
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And what do you say to people who complain when you won't adopt their feature idea? Remind them why they like the app in the first place. "You like it because we say no. You like it because it doesn't do 100 other things. You like it because it doesn't try to please everyone all the time." "We Don't Want a Thousand Features" Steve Jobs gave a small private presentation about the iTunes Music Store to some independent record label people. My favorite line of the day was when people kept raising their hand saying, "Does it do [x]?", "Do you plan to add [y]?". Finally Jobs said, "Wait wait — put your hands down. Listen: I know you have a thousand ideas for all the cool features iTunes could have.
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Set expectations and help reduce frustration, intimidation, and overall confusion. First impressions are crucial. If you fail to design a thoughtful blank slate, you'll create a negative (and false) impression of your application or service. You Never Get A Second Chance... Another aspect of the Mac OS x ui that I think has been tremendously influenced by [Steve] Jobs is the setup and first-run experience. I think Jobs is keenly aware of the importance of first impressions...I think Jobs looks at the first-run experience and thinks, it may only be one-thousandth of a user's overall experience with the machine, but it's the most important onethousandth, because it's the first one-thousandth, and it sets their expectations and initial impression.
The End of Jobs: Money, Meaning and Freedom Without the 9-To-5 by Taylor Pearson
Airbnb, barriers to entry, Ben Horowitz, Black Swan, call centre, cloud computing, commoditize, content marketing, creative destruction, David Heinemeier Hansson, drop ship, Elon Musk, en.wikipedia.org, Frederick Winslow Taylor, future of work, Google Hangouts, Hacker Conference 1984, Kaizen: continuous improvement, Kevin Kelly, Kickstarter, knowledge economy, knowledge worker, loss aversion, low skilled workers, Lyft, Marc Andreessen, Mark Zuckerberg, market fragmentation, means of production, Oculus Rift, passive income, passive investing, Peter Thiel, power law, remote working, Ronald Reagan: Tear down this wall, scientific management, sharing economy, side hustle, side project, Silicon Valley, Skype, software as a service, software is eating the world, Startup school, Steve Jobs, Steve Wozniak, Stewart Brand, systems thinking, TED Talk, telemarketer, the long tail, Thomas Malthus, Uber and Lyft, uber lyft, unpaid internship, Watson beat the top human players on Jeopardy!, web application, Whole Earth Catalog
He is engaged in a dialogue with his reality asking “why” and “why not” instead of “how” or “what.”52 The degree to which we’re able to design our reality is directly related to our quality of life, freedom, and wealth. Those that design reality have a higher quality of all factors in their life, and through designing their reality they enable others to do the same by creating more wealth. In designing my reality in the form of an iPhone, Steve Jobs and Apple created more power, freedom, and wealth for me than Rockefeller had. This leads to an upward spiral. As wealth is increasing, so is our ability to design our realities. PhD or Podcast? While it’s always been true that great work comes from those who freely choose it and that the ability to design our realities creates more freedom, it’s the changes we’ve seen over the past decade that made both of those radically more accessible and safer.
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Depending on who you listen to, between 5.1 and 7 trillion dollars in wealth evaporated by the end of 2008—the most ever in a single quarter.1 Protesters camped out in lower Manhattan asking why the federal government wasn’t imprisoning Wall Street bankers. While many viewed this as an isolated event, it is in fact one notable in a much longer trend. Yet, as Steve Jobs notes: “Everything around you that you call life was made up by people that were no smarter than you and you can change it, you can influence it, you can build your own things that other people can use. Once you learn that, you’ll never be the same again.” 2 The ability individuals have right now to deliberately design their lives and realities is greater than at any time in history.
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If there was a better chance to be successful (on better terms) out there waiting for me, why wasn’t someone investigating my school for cruelly allowing me to graduate into this job market? What Are Jobs and Entrepreneurship? We hear the word “job” and imagine that someone is squirreled away in a cubicle, mindlessly filling out TPS reports for Proctor and Gamble. We hear the word “entrepreneur” and imagine Mark Zuckerberg or Steve Jobs or Bill Gates. Those are all true characterizations, but these two concepts leave a wide berth in between. How do we clearly distinguish between “jobs” and “entrepreneurship?” In his book Linchpin: Are You Indispensable?, Seth Godin defines a linchpin as: “[A]n individual who can walk into chaos and create order, someone who can invent, connect, create and make things happen.”
The Revenge of Analog: Real Things and Why They Matter by David Sax
Airbnb, barriers to entry, big-box store, call centre, cloud computing, creative destruction, death of newspapers, declining real wages, delayed gratification, dematerialisation, deskilling, Detroit bankruptcy, digital capitalism, digital divide, Elon Musk, Erik Brynjolfsson, game design, gentrification, hype cycle, hypertext link, informal economy, Jaron Lanier, Jeff Bezos, job automation, John Markoff, John Maynard Keynes: technological unemployment, Joseph Schumpeter, Kevin Kelly, Khan Academy, Kickstarter, knowledge economy, low cost airline, low skilled workers, mandatory minimum, Marc Andreessen, Mark Zuckerberg, Marshall McLuhan, military-industrial complex, Minecraft, new economy, Nicholas Carr, off-the-grid, One Laptop per Child (OLPC), PalmPilot, Paradox of Choice, Peter Thiel, Ponzi scheme, quantitative hedge fund, race to the bottom, Rosa Parks, Salesforce, Second Machine Age, self-driving car, Sheryl Sandberg, short selling, Silicon Valley, Silicon Valley startup, Skype, Snapchat, Steve Jobs, technoutopianism, TED Talk, the long tail, Travis Kalanick, Tyler Cowen, upwardly mobile, warehouse robotics, Whole Earth Catalog, work culture
Young, helpful sales clerks wear matching blue coats; there are shelves of books for sale, free pencils and erasers, reading maps of nearby neighborhoods, and towering walls of glasses with mirrors. Warby Parker stores now sit behind only Apple and Tiffany in retail sales per square foot, according to various sources, which is astounding, considering Warby Parker exclusively sells $100 glasses, compared with $1,300 laptops and $25,000 engagement rings. For all the growth of online commerce, the retail store remains more powerful than ever. The technology industry should know this, because its leading company, Apple, is the poster child for brick-and-mortar retail. Steve Jobs launched the Apple Store in 2001. Analysts called it a desperate move for the company, and one predicted the stores would be out of business in two years.
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Zen masters, monks, and mindfulness gurus are as in demand in Silicon Valley as personal trainers and java script coders, and Unterberg himself has consulted with Yahoo!, Microsoft, Salesforce, SAP, and others (all entirely unpaid, as part of his Buddhist teaching). None of this is terribly new. After all, Steve Jobs, the great tech guru of our times, regularly practiced meditation, and much of Silicon Valley’s roots are tied into Northern California’s counterculture, when yogis, ashrams, and organic food went hand in hand with software design. It is easy to dismiss all of this mindfulness talk as a PR stunt by giant, publicly traded corporations looking to appear more human; a lifestyle trend that will probably pass like cold-pressed juicing, or worse, as pointless hippie bullshit driven by Bay Area baby boomers assuaging their guilt for selling out.
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Nearly every single startup founder, investor, and programmer I met with carried a well-worn paper journal that they used to take notes and make designs, despite having access to every available digital alternative. “This is my company!” one startup founder told me, cradling the black Moleskine notebook in his arms. The more I looked into this, the deeper it went. I read articles about the lives of technology industry leaders who spoke about their personal aversion to digital gadgets with their families. Steve Jobs didn’t let his kids play with the very iPads he created, Chris Anderson from Wired and The Long Tail set time limits on technology for his children, and Evan Williams, who cocreated the digital publishing platforms Twitter, Blogger, and Medium, lived in a technology-free house, with a huge library of books.
Frenemies: The Epic Disruption of the Ad Business by Ken Auletta
"World Economic Forum" Davos, Airbnb, Alvin Toffler, AOL-Time Warner, barriers to entry, Bernie Sanders, bike sharing, Boris Johnson, Build a better mousetrap, Burning Man, call centre, Cambridge Analytica, capitalist realism, carbon footprint, cloud computing, commoditize, connected car, content marketing, corporate raider, crossover SUV, data science, digital rights, disintermediation, Donald Trump, driverless car, Elon Musk, fake news, financial engineering, forensic accounting, Future Shock, Google Glasses, Internet of things, Jeff Bezos, Kevin Roose, Khan Academy, Lyft, Mark Zuckerberg, market design, Mary Meeker, Max Levchin, Menlo Park, move fast and break things, Naomi Klein, NetJets, Network effects, pattern recognition, pets.com, race to the bottom, Richard Feynman, ride hailing / ride sharing, Salesforce, Saturday Night Live, self-driving car, sharing economy, Sheryl Sandberg, Shoshana Zuboff, Silicon Valley, Snapchat, Steve Ballmer, Steve Jobs, surveillance capitalism, Susan Wojcicki, The Theory of the Leisure Class by Thorstein Veblen, three-martini lunch, Tim Cook: Apple, transaction costs, Uber and Lyft, uber lyft, Upton Sinclair, éminence grise
By 2015, new revenue spigots enabled CBS to derive half its revenue from nonadvertising sources, including: the nearly $1 billion CBS got from retransmission consent fees paid by the cable companies and reverse compensation paid by local stations to carry network programs; the $1.5 billion CBS received from being able to syndicate and sell its programs internationally; the approximately $1 billion CBS received in 2015 from the sale of its archived programs to digital platforms like Netflix, Amazon, and Apple. Lucrative new revenue streams explain why network television, unlike financially ailing traditional media like newspapers, magazines, and radio, is not on life support. By contrast, the newspaper industry lost more than half its jobs between January 2001 and September 2016. Les Moonves has been hailed as the Steve Jobs of television. “For me, Les Moonves represents the North Star,” Michael Kassan says, calling him “a brilliant operator. You can never lose sight of the fact that he began his career as an actor.
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Greenberg calls to mind a famous description of Samuel Johnson: “temperamentally . . . always in revolt.” He looks it, driving to work attired completely in black, including a black leather jacket and black scarf in colder months, zooming between lanes on his powerful Ducati 1199 Panigale S motorcycle. His business hero was the late Steve Jobs, whom he describes as a fellow “rebel,” a “person I look to. He had no patience—neither do I—with people who get in the way of progress.” Like Jobs did, Greenberg has a passion for simple, beautiful artistic design; he is said to be the world’s largest individual collector of Chinese Buddhist art from the Wi and Wei dynasties.
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Either on Facebook, its Web site, e-mail, or IM, innovations like Nike’s FuelBand and its membership clubs create a one-to-one relationship between customer and brand, giving Nike a loyal customer base to share new products with and a vehicle to provide two-way communication between customer and brand. “When I come to New York, I ask to see him,” says marketing consultant and former Procter & Gamble CMO Jim Stengel. “I think he has the most forward-looking operation of anyone. I wanted to hire his agency when I was at P&G, but my clients would not agree.” Like his business heroes, Steve Jobs and Jeff Bezos, Bob Greenberg does not lack for confidence. Unlike Jobs, he does not glare at or scream at underlings. Unlike Bezos, he does not have a high-pitched laugh. Unlike both, he does not treat his work as if it were a national security secret. However, like them, his self-confidence borders on messianic.
Unleashed by Anne Morriss, Frances Frei
"Susan Fowler" uber, Airbnb, An Inconvenient Truth, Black Lives Matter, book value, Donald Trump, future of work, gamification, gig economy, glass ceiling, Grace Hopper, Greyball, Jeff Bezos, Netflix Prize, Network effects, performance metric, race to the bottom, ride hailing / ride sharing, Salesforce, Sheryl Sandberg, side hustle, Silicon Valley, SoftBank, Steve Jobs, super pumped, TaskRabbit, TED Talk, Tony Hsieh, Toyota Production System, Travis Kalanick, Uber for X, WeWork, women in the workforce, work culture
Carol Dweck, Mindset: The New Psychology of Success (New York: Random House, 2006), 71–72. 12. Marcus Buckingham and Ashley Goodall, “The Feedback Fallacy,” Harvard Business Review, March–April 2019. 13. Walter Isaacson, “The Real Leadership Lessons of Steve Jobs,” Harvard Business Review, April 2012, https://hbr.org/2012/04/the-real-leadership-lessons-of-steve-jobs. 14. Ibid. 15. Jolie Kerr, “How to Talk to People, According to Terry Gross,” New York Times, November 17, 2018, https://www.nytimes.com/2018/11/17/style/self-care/terry-gross-conversation-advice.html. Chapter 4 1. There is too much good work in this area to properly honor, but thinkers and scholars who have inspired us recently include Modupe Akinola, Melinda Gates (yes, that Melinda Gates), Boris Groysberg, Denise Lewin Lloyd, Anthony Mayo, Lauren Rivera, and Laura Morgan Roberts.
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Other people tend to give you what you ask for, but rarely much more than that. They exert just enough energy to avoid feelings of failure or shame or whatever your management weapon of choice may be, but it’s often too risky around leaders in severity to innovate or deviate from expectations (even if it’s to exceed them). The counterexample, some would argue, is Steve Jobs. At times notoriously severe as a leader—arrogant, bullying, impatient—Jobs built the most sustainably innovative company of the last century. But we don’t see Jobs as a severity success story. From our perspective, Jobs was at his most effective when he paired high (if blunt) standards with unflinching devotion to the potential of his team.
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The argument for maximizing profits is perhaps obvious, but it can also be good business to leave enough room on the value range to delight loyal, buzz-generating customers. Apple’s pricing strategy is a good example of this approach. Apple deliberately prices its products below its customers’ sky-high WTP (but still well above cost), generating a form of customer devotion that approaches frenzy.9 Despite paying a handsome price premium by industry standards, almost everyone leaves an Apple store feeling like a winner. Meanwhile, Apple’s profits continue skyward. Our practical advice is to be like Apple and aim for the middle of the value range, even if you’re competing for a segment of the market that’s not particularly price sensitive.
Why Wall Street Matters by William D. Cohan
Alan Greenspan, Apple II, asset-backed security, bank run, Bear Stearns, Bernie Sanders, Blythe Masters, bonus culture, break the buck, buttonwood tree, Carl Icahn, corporate governance, corporate raider, creative destruction, Credit Default Swap, Donald Trump, Exxon Valdez, financial innovation, financial repression, Fractional reserve banking, Glass-Steagall Act, Gordon Gekko, greed is good, income inequality, Joseph Schumpeter, junk bonds, London Interbank Offered Rate, margin call, Michael Milken, money market fund, moral hazard, Potemkin village, quantitative easing, secular stagnation, Snapchat, South Sea Bubble, Steve Jobs, Steve Wozniak, tontine, too big to fail, WikiLeaks
One of the main reasons the Securities and Exchange Commission was created in the wake of the stock market crash of 1929 was to provide investors, or potential investors, with more information about the companies that wanted their money and to try to thwart charlatans. The Apple prospectus resulted from regulators at the SEC making sure that Apple complied with disclosure rules in ways that were not required before the creation of the SEC. This is a good thing. Objectively speaking, we learn from the Apple prospectus that there would be no Apple, at least in its present form, without Wall Street. The prospectus explains that Apple had a relatively large group of early investors who supported the company from its inception in 1976, when Steve Jobs and Steve Wozniak, the two founders, “designed, developed and assembled the Apple I, a microprocessor-based computer consisting of a single printed circuit board.”
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Indeed, Laurene Powell Jobs, the widow of Steve Jobs, is said to be worth around $19 billion.) Of course, it doesn’t always work out the way the Apple IPO did. The landscape is strewn with corporate carcasses and with investors who bet wrong and lost. But betting wrong and losing is as important to the success of capitalism as is making a smart investment and making a fortune. The Apple IPO prospectus also revealed other ways, along with providing venture capital, that Wall Street helped the company achieve its early goals. As many companies do, Apple had arranged for a $20 million line of credit with a bank. Apple paid interest on its bank borrowings, based on the prime rate, which in September 1980 was 12 percent.
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Rock had a 1.3 percent stake in Apple. There were other venture capitalists, too, and together they owned another 8.7 percent of Apple before its IPO. As for Jobs, then twenty-five years old, and Wozniak, then thirty years old, they had stakes in Apple of 15 percent and 7.9 percent, respectively. A. C. Markkula Jr., Apple’s chief marketing executive since May 1977 and also the chairman of the board of directors, had a 14 percent stake. Michael Scott, Apple’s short-lived first CEO, bought his stake of nearly 1.3 million shares for a penny a share when he joined Apple in May 1977. The venture capitalists backing Apple did so for one reason: They were hoping to make money.
To Save Everything, Click Here: The Folly of Technological Solutionism by Evgeny Morozov
"World Economic Forum" Davos, 3D printing, algorithmic bias, algorithmic trading, Amazon Mechanical Turk, An Inconvenient Truth, Andrew Keen, augmented reality, Automated Insights, behavioural economics, Berlin Wall, big data - Walmart - Pop Tarts, Buckminster Fuller, call centre, carbon footprint, Cass Sunstein, choice architecture, citizen journalism, classic study, cloud computing, cognitive bias, creative destruction, crowdsourcing, data acquisition, Dava Sobel, digital divide, disintermediation, Donald Shoup, driverless car, East Village, en.wikipedia.org, Evgeny Morozov, Fall of the Berlin Wall, Filter Bubble, Firefox, Francis Fukuyama: the end of history, frictionless, future of journalism, game design, gamification, Gary Taubes, Google Glasses, Ian Bogost, illegal immigration, income inequality, invention of the printing press, Jane Jacobs, Jean Tirole, Jeff Bezos, jimmy wales, Julian Assange, Kevin Kelly, Kickstarter, license plate recognition, lifelogging, lolcat, lone genius, Louis Pasteur, machine readable, Mark Zuckerberg, market fundamentalism, Marshall McLuhan, moral panic, Narrative Science, Nelson Mandela, Nicholas Carr, packet switching, PageRank, Parag Khanna, Paul Graham, peer-to-peer, Peter Singer: altruism, Peter Thiel, pets.com, placebo effect, pre–internet, public intellectual, Ray Kurzweil, recommendation engine, Richard Thaler, Ronald Coase, Rosa Parks, self-driving car, Sheryl Sandberg, Silicon Valley, Silicon Valley ideology, Silicon Valley startup, Skype, Slavoj Žižek, smart meter, social graph, social web, stakhanovite, Steve Jobs, Steven Levy, Stuxnet, surveillance capitalism, systems thinking, technoutopianism, TED Talk, the built environment, The Chicago School, The Death and Life of Great American Cities, the medium is the message, The Nature of the Firm, the scientific method, The Wisdom of Crowds, Thomas Kuhn: the structure of scientific revolutions, Thomas L Friedman, transaction costs, Twitter Arab Spring, urban decay, urban planning, urban sprawl, Vannevar Bush, warehouse robotics, WikiLeaks, work culture , Yochai Benkler
In fact, the attempts to reign in digital technologies are the consequence of a much longer trend—perhaps they fall under the very culture of control theorized by David Garland—but that trend did not start in Silicon Valley. So the worry that Apple and its tethered devices—Zittrain’s bugbear-in-chief—might be giving us a world in which we have no choice but to do the right thing is both too late and too misguided. We already inhabit that world, and challenging its logic would require challenging it everywhere, not just in the iTunes store. We find Apple’s model so appealing not because Steve Jobs hypnotized us—although that’s part of it—but because Apple has embraced a model that we already encounter almost everywhere in our daily lives. We are gaining very little by continuing to imagine “the Internet”—or “cyberspace”—as some unique conceptual territory that develops and operates in accordance with its own trends and inclinations.
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., its ability to preserve texts that might otherwise get lost or badly damaged), ease of dissemination, and the tendency toward standardization. According to Eisenstein, the very technology of print endows texts with these new qualities—and the rupture is so significant that she elevates those qualities to the status of “print culture.” The latter gives us the Reformation, the scientific revolution, the Big Mac, Steve Jobs, and LOLCats. Many scholars have noted the limitations of Eisenstein’s approach, which are extremely pertinent to the contemporary Internet debate. The first to ring alarm bells—in 1980, just a year after the book was published—was intellectual historian Anthony Grafton, who berated Eisenstein for pulling “from her sources those facts and statements that seemed to meet her immediate polemical needs.”
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At worst, an attempt to illuminate the present by studying the past can turn into a fishing expedition, where the past becomes just a giant toxic aquarium, storing enough factoids and exotic characters to buttress any interpretation of virtually any contemporary trend or phenomenon. Wu’s argument in The Master Switch goes like this: There’s something peculiar about information industries, for they tend to be dominated (and intellectually ravaged) by “information emperors”—Steve Jobs–like personalities who strive for absolute control. The dictatorial rule of such emperors and several structural qualities of their information empires usually lead to what Wu calls “the Cycle,” which is the inevitable closing of the once open and innovative industries. It happens either because the information emperors are clever but ruthless businessmen or because they co-opt the government into giving them protection from competition.
A Curious Mind: The Secret to a Bigger Life by Brian Grazer, Charles Fishman
4chan, Airbnb, Albert Einstein, Apollo 13, Apple II, Asperger Syndrome, Bonfire of the Vanities, Dr. Strangelove, en.wikipedia.org, game design, Google Chrome, Howard Zinn, Isaac Newton, Jeff Bezos, Kickstarter, Norman Mailer, orbital mechanics / astrodynamics, out of africa, RAND corporation, Ronald Reagan, Seymour Hersh, Silicon Valley, stem cell, Steve Jobs, Steve Wozniak, Strategic Defense Initiative, TED Talk, the scientific method, Tim Cook: Apple
News & World Report, winner of the Pulitzer Prize for investigative reporting Jack Healey: human rights activist, former executive director of Amnesty International USA Thomas Heaton: seismologist, professor at California Institute of Technology, contributed to the development of earthquake early warning systems Peter Herbst: journalist, former editor of Premiere and New York magazines Danette Herman: talent executive for Academy Awards Seymour Hersh: investigative reporter, author, winner of the Pulitzer Prize for uncovering the My Lai massacre and its cover-up during the Vietnam War Dave Hickey: art and cultural critic who has written for Harper’s, Rolling Stone, and Vanity Fair Jim Hightower: progressive political activist, radio talk-show host Tommy Hilfiger: fashion designer, founder of lifestyle brand Christopher Hitchens: journalist and author who was a critic of politics and religion David Hockney: artist and major contributor to the Pop art movement in the 1960s Nancy Irwin: hypnotherapist Chris Isaak: musician, actor Michael Jackson: singer, songwriter, his 1982 album Thriller is the bestselling album of all time LeBron James: NBA basketball player Mort Janklow: literary agent, founder and chairman of the literary agency Janklow & Nesbit Associates Jay Z: musician, music producer, fashion designer, entrepreneur Wyclef Jean: musician, actor James Jebbia: CEO of the Supreme clothing brand Harry J. Jerison: paleoneurologist, professor emeritus at UCLA Steve Jobs: cofounder and former CEO of Apple Inc., cofounder and former CEO of Pixar Betsey Johnson: fashion designer Jamie Johnson: documentary filmmaker who directed Born Rich, heir to Johnson & Johnson fortune Larry C. Johnson: former analyst for the CIA, security and terrorism consultant Robert L. Johnson: businessman, media magnate, cofounder and former chairman of BET Sheila Johnson: cofounder of BET, first African American woman to be an owner/partner in three professional sports teams Steve Johnson: media theorist, popular science author, cocreated online magazine FEED Jackie Joyner-Kersee: Olympic gold medalist, track star Paul Kagame: president of Rwanda Michiko Kakutani: book critic for the New York Times, winner of the Pulitzer Prize for criticism Sam Hall Kaplan: former architecture critic for the Los Angeles Times Masoud Karkehabadi: wunderkind who graduated from college at age thirteen Patrick Keefe: author, staff writer for the New Yorker Gershon Kekst: founder of the corporate communications company Kekst and Co.
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My talent is to know enough to ask the questions, and to know when something interesting happens. What I think is so exciting about curiosity is that it doesn’t matter who you are, it doesn’t matter what your job is, or what your passion is. Curiosity works the same way for all of us—if we use it well. You don’t have to be Thomas Edison. You don’t have to be Steve Jobs. You don’t have to be Steven Spielberg. But you can be “creative” and “innovative” and “compelling” and “original”—because you can be curious. Curiosity doesn’t only help you solve problems—no matter what those problems are. There’s a bonus: curiosity is free. You don’t need a training course.
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You can’t simply design your own strategy, then execute it and wait to see what happens so you can respond. You have to anticipate what’s going to happen—by first disrupting your own point of view. The same skill, in a completely different context, is what creates products that delight us. The specific genius of Steve Jobs lay in designing a computer operating system, and a music player, and a phone that anticipate how we’ll want to compute, and listen to music, and communicate—and providing what we want before we know it. The same is true of an easy-to-use dishwasher or TV remote control. You can always tell when you settle into the driver’s seat of a car you haven’t driven before whether the people who designed the dashboard and controls were the least bit curious about how their customers use their cars.
The End of the Suburbs: Where the American Dream Is Moving by Leigh Gallagher
Airbnb, big-box store, bike sharing, Burning Man, call centre, car-free, Celebration, Florida, clean water, collaborative consumption, Columbine, commoditize, crack epidemic, demographic winter, East Village, edge city, Edward Glaeser, extreme commuting, Ford Model T, General Motors Futurama, gentrification, helicopter parent, Home mortgage interest deduction, housing crisis, Jane Jacobs, Kickstarter, Lewis Mumford, low skilled workers, Mark Zuckerberg, McMansion, Menlo Park, microapartment, mortgage tax deduction, negative equity, New Urbanism, peak oil, Peter Calthorpe, Ponzi scheme, Quicken Loans, Richard Florida, Robert Shiller, Sand Hill Road, Seaside, Florida, Silicon Valley, Steve Jobs, Stewart Brand, streetcar suburb, TED Talk, the built environment, The Death and Life of Great American Cities, Tony Hsieh, Tragedy of the Commons, transit-oriented development, upwardly mobile, urban planning, urban sprawl, Victor Gruen, walkable city, white flight, white picket fence, young professional, Zipcar
Seaside brought DPZ worldwide renown—it made the cover of The Atlantic; Time magazine selected it as one of the ten “Best of the Decade” achievements in design—and established Duany and Plater-Zyberk as leaders of the burgeoning New Urbanism movement. Even now, from its headquarters in Miami, DPZ is like the Apple or Harvard or Goldman Sachs of New Urbanism; it is the sterling name, the firm that draws the best and the brightest. If DPZ is akin to Apple, Duany is the movement’s Steve Jobs—a big-picture visionary whose bold ideas upended the status quo and whose conviction, not to mention oratory skills, have given him guru-like status within the architecture and New Urbanist worlds. Outspoken, passionate, and highly opinionated, Duany is prone to bold statements and ideas that hit him at any moment on matters both large and small.
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In New York City, UBS: Charles V. Bagli, “Regretting Move, Bank May Return to Manhattan,” New York Times, June 8, 2011. Twitter, Zynga, Airbnb, Dropbox: A notable exception to the tech moguls’ fascination with cities is Steve Jobs, who lived and worked his whole life in the suburbs (he lived in a Tudor house in Palo Alto, and Apple’s headquarters were in nearby Cupertino). But when Apple-owned Pixar moved to a new headquarters in Emeryville, California, Jobs pushed the designers to emphasize central locations where employees could mingle with one another with the hope of fostering creativity. Another exception is Mark Zuckerberg, who has built Facebook’s headquarters into a massive campus in Menlo Park, but one that attempts to approximate urbanism, with a walkable commercial strip that includes a dry cleaner, gym, doctor’s office, and various eateries.
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In 2010, the figure was 47 percent, a sharp and perplexing decline that has been discussed and dissected by millennial watchers and carmakers alike. The notion of a teenager opting to not get his driver’s license, to those of us who grew up in a different time, may seem sacrilege. But watch them fawn over their Apple products and you will see that this generation, as Steve Jobs encouraged them to do, “thinks different.” They don’t want cars, and they don’t want cul-de-sacs—two of the pillars on which suburban life depends. The price of oil is still rising. As energy prices have climbed, so has the cost of the suburban commute. In 2008, the average suburban household spent double on gas what it did in 2003.
The Narcissist You Know by Joseph Burgo
Albert Einstein, Donald Trump, Downton Abbey, en.wikipedia.org, financial independence, Jeff Bezos, Julian Assange, megaproject, Paul Graham, Peoples Temple, reality distortion field, Ronald Reagan, Silicon Valley, Steve Jobs, traveling salesman, WikiLeaks
Utterly lacking in humility, they announce again and again that they are the smartest, most insightful, most creative person in the room. And sometimes they actually are. THINK DIFFERENT People who worked closely with Steve Jobs had a special name for his uncanny ability to impose his vision upon others. With reference to an early Star Trek episode, his colleagues at Apple called it the reality distortion field. Andy Hertzfeld, a member of the Macintosh team, describes it as “a confounding mélange of a charismatic rhetorical style, indomitable will, and an eagerness to bend any fact to fit the purpose at hand.”6 According to biographer Walter Isaacson, Jobs “would assert something—be it a fact about world history or a recounting of who suggested an idea at a meeting—without even considering the truth.
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Martha Stout, The Sociopath Next Door: The Ruthless versus the Rest of Us (New York: Broadway Books, 2005), 60. 2. Ibid., 92. 3. http://www.vanityfair.com/style/scandal/2014/01/bikram-choudhury-yoga-sexual-harassment. 4. Ibid. 5. Ibid. 6. Walter Isaacson, Steve Jobs (New York: Simon & Schuster, 2011), 118. 7. Ibid. 8. Ibid., 120. 9. Ibid., 119. 10. Ibid. 11. http://www.esquire.com/features/second-coming-of-steve-jobs-1286. 12. Isaacson, Steve Jobs, 121. 13. Ibid., 12. 14. Ibid., 246. 15. Ibid., 264–265. 16. Ibid., 266. 17. Ibid., 5. 18. Ibid., 257. 19. Ibid. 20. Nancy Newton Verrier, The Primal Wound: Understanding the Adopted Child (Baltimore: Gateway Press, 2003), 1. 21.
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Early trauma leaves the growing child with a sense that something has gone terribly wrong with his or her development, often leading to the kind of defensive character structure epitomized by Steve Jobs. It comes as no surprise that psychoanalyst Otto Kernberg identifies adopted children as one of five groups at especially high risk of developing Narcissistic Personality Disorder.21 Despite his well-known obnoxious personality and problematic relationship with the truth, Steve Jobs has remained a hero to millions following his death. Bikram Choudhury continues to attract a following of devoted students who revere him while the lawsuits work their way through the courts.
The Smartphone Society by Nicole Aschoff
"Susan Fowler" uber, 4chan, A Declaration of the Independence of Cyberspace, Airbnb, algorithmic bias, algorithmic management, Amazon Web Services, artificial general intelligence, autonomous vehicles, barriers to entry, Bay Area Rapid Transit, Bernie Sanders, Big Tech, Black Lives Matter, blockchain, carbon footprint, Carl Icahn, Cass Sunstein, citizen journalism, cloud computing, correlation does not imply causation, crony capitalism, crowdsourcing, cryptocurrency, data science, deep learning, DeepMind, degrowth, Demis Hassabis, deplatforming, deskilling, digital capitalism, digital divide, do what you love, don't be evil, Donald Trump, Downton Abbey, Edward Snowden, Elon Musk, Evgeny Morozov, fake news, feminist movement, Ferguson, Missouri, Filter Bubble, financial independence, future of work, gamification, gig economy, global value chain, Google Chrome, Google Earth, Googley, green new deal, housing crisis, income inequality, independent contractor, Jaron Lanier, Jeff Bezos, Jessica Bruder, job automation, John Perry Barlow, knowledge economy, late capitalism, low interest rates, Lyft, M-Pesa, Mark Zuckerberg, minimum wage unemployment, mobile money, moral panic, move fast and break things, Naomi Klein, Network effects, new economy, Nicholas Carr, Nomadland, occupational segregation, Occupy movement, off-the-grid, offshore financial centre, opioid epidemic / opioid crisis, PageRank, Patri Friedman, peer-to-peer, Peter Thiel, pets.com, planned obsolescence, quantitative easing, Ralph Waldo Emerson, RAND corporation, Ray Kurzweil, RFID, Richard Stallman, ride hailing / ride sharing, Rodney Brooks, Ronald Reagan, Salesforce, Second Machine Age, self-driving car, shareholder value, sharing economy, Sheryl Sandberg, Shoshana Zuboff, Sidewalk Labs, Silicon Valley, single-payer health, Skype, Snapchat, SoftBank, statistical model, Steve Bannon, Steve Jobs, surveillance capitalism, TaskRabbit, tech worker, technological determinism, TED Talk, the scientific method, The Structural Transformation of the Public Sphere, TikTok, transcontinental railway, transportation-network company, Travis Kalanick, Uber and Lyft, Uber for X, uber lyft, upwardly mobile, Vision Fund, W. E. B. Du Bois, wages for housework, warehouse robotics, WikiLeaks, women in the workforce, yottabyte
For example, in Myanmar, Facebook’s user base increased from 2 million in 2014 to 30 million in 2017.10 To build its user base even further, Facebook has been secretly working on a satellite called Athena, which it plans to launch into space to beam down internet to rural regions with no or limited internet connectivity using high-frequency millimeter-wave radio signals.11 Of course these aren’t the only tech titans. Apple, under the leadership of the late Steve Jobs, created the smartphone, setting in motion many of the dynamics we associate with our smartphone society. Apple vies for the title of world’s most valuable company and in September 2019 was worth more than $1 trillion. Its iPhone captures roughly 11 percent of the world smartphone market and is a key trendsetter in global phone and computer technology, particularly on the hardware side.
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The powerful unions and social safety net that once protected workers and their families are a distant memory. As the gap between rich and poor yawns ever wider, anxiety about a “robot future” in which technology replaces the livelihoods of ordinary people abounds. The changes we’ve witnessed since Steve Jobs ever so casually pulled an iPhone out of his pocket at Apple’s 2007 Macworld meeting in San Francisco feel monumental and unprecedented— and they are.2 Yet a glance to the past shows that we’ve been here before. In their landmark study Middletown: A Study in Contemporary American Culture, the sociologists Robert and Helen Lynd described a similar moment of flux: 1920s America and its emergent love affair with the automobile.3 By the end of the roaring twenties, the automobile had become central to the lives of “Middletown” (actually, Muncie, Indiana) residents, an “accepted essential of normal living” and an “important criterion of social fitness.”4 Homes built during the period no longer contained formal parlors because unmarried daughters now socialized with their beaus on unchaperoned “dates” out in the car—a source of both fierce disagreement between parents and children and growing moral panic over “sex crimes” committed in automobiles.5 Young men whose families didn’t own a car were excluded from social clubs, and families were rumored to purchase cars to help their children fit in.
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Nonetheless, it is worth remembering that our smartphones are in many respects a mash-up of existing technologies and behaviors packed together in a novel configuration. Time magazine named the PC “person of the year” in 1982. Hardware, touch screens, radios, processors, antennas—much of the technology essential to our smartphones predates the advent of the actual smartphone. Steve Jobs’s team at Apple figured out how to refine and combine these technologies into one device, creating the iPhone.21 Many software concepts also predate the smartphone. For example, mobile payment systems spread widely in poor countries through cell phones. Kenyans developed the popular M-pesa mobile money transfer system, which lets users lacking bank accounts send cash to friends and family; in early versions senders deposited cash at an agent’s shop, then used a text message to send the funds.
The Upside of Inequality by Edward Conard
affirmative action, Affordable Care Act / Obamacare, agricultural Revolution, Alan Greenspan, Albert Einstein, assortative mating, bank run, Berlin Wall, book value, business cycle, Capital in the Twenty-First Century by Thomas Piketty, Carmen Reinhart, Climatic Research Unit, cloud computing, corporate governance, creative destruction, Credit Default Swap, crony capitalism, disruptive innovation, diversified portfolio, Donald Trump, en.wikipedia.org, Erik Brynjolfsson, Fall of the Berlin Wall, full employment, future of work, Gini coefficient, illegal immigration, immigration reform, income inequality, informal economy, information asymmetry, intangible asset, Intergovernmental Panel on Climate Change (IPCC), invention of the telephone, invisible hand, Isaac Newton, Jeff Bezos, Joseph Schumpeter, Kenneth Rogoff, Kodak vs Instagram, labor-force participation, Larry Ellison, liquidity trap, longitudinal study, low interest rates, low skilled workers, manufacturing employment, Mark Zuckerberg, Martin Wolf, mass immigration, means of production, meta-analysis, new economy, offshore financial centre, paradox of thrift, Paul Samuelson, pushing on a string, quantitative easing, randomized controlled trial, risk-adjusted returns, Robert Gordon, Ronald Reagan, Second Machine Age, secular stagnation, selection bias, Silicon Valley, Simon Kuznets, Snapchat, Steve Jobs, survivorship bias, The Rise and Fall of American Growth, total factor productivity, twin studies, Tyler Cowen, Tyler Cowen: Great Stagnation, University of East Anglia, upwardly mobile, War on Poverty, winner-take-all economy, women in the workforce, working poor, working-age population, zero-sum game
While innovators chase after the profits of success, almost all the value they create is captured by their customers. The late Steve Jobs may have made huge profits from his innovations, but his wealth was small in comparison with the value of the iPhone and its imitators to their users. In the long run, consumers benefited far more than he did. Motivating increased risk-taking that produces innovation is the key to growing middle- and working-class prosperity. Producers, like Apple and Microsoft, are always in danger of falling behind their competitors and earning less profit as a result. They must continually innovate and invest largely to stay even with competitors and earn the same profits rather than investing to earn additional profits.
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The notion that the growing success of America’s 0.1 percent is the cause of slower middle- and working-class wage growth is mistaken. Entirely independent forces drive the two phenomena. As the economy grows, it values innovation more. As such, successful innovators who achieve economy-wide success, like Steve Jobs or Bill Gates, grow richer than innovators have in the past. It’s simple multiplication. And they grow richer relative to doctors, schoolteachers, bus drivers, and other median-income employees whose pay is limited by the number of people, or customers, they can serve. At the same time, information technology has opened a window of new investment opportunities and increased the productivity of the most productive workers.
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Success in the modern information-intensive economy often requires substantially less capital than the manufacturing-based economy. Information technology scales to economy-wide success without much need for capital. Successful innovators often have less need to share the value they have created with investors. With less need to share their success with investors, successful innovators, such as Bill Gates, Steve Jobs, and Sergey Brin, have grown richer than they would have had they needed to rely on investors. As a result, successful founders often look like large corporations of old. Their outsized success contributes to rising income inequality. Successful IT start-ups no longer need large networks of buildings filled with expensive, long-lasting equipment and inventory to serve customers.
Doing Good Better: How Effective Altruism Can Help You Make a Difference by William MacAskill
barriers to entry, basic income, behavioural economics, Black Swan, Branko Milanovic, Cal Newport, Capital in the Twenty-First Century by Thomas Piketty, carbon footprint, clean water, corporate social responsibility, correlation does not imply causation, Daniel Kahneman / Amos Tversky, David Brooks, Edward Jenner, effective altruism, en.wikipedia.org, end world poverty, experimental subject, follow your passion, food miles, immigration reform, income inequality, index fund, Intergovernmental Panel on Climate Change (IPCC), Isaac Newton, job automation, job satisfaction, Lean Startup, M-Pesa, mass immigration, meta-analysis, microcredit, Nate Silver, Peter Singer: altruism, power law, public intellectual, purchasing power parity, quantitative trading / quantitative finance, randomized controlled trial, self-driving car, Skype, Stanislav Petrov, Steve Jobs, Steve Wozniak, Steven Pinker, The Future of Employment, The Wealth of Nations by Adam Smith, Tyler Cowen, universal basic income, William MacAskill, women in the workforce
The evidence therefore suggests that following your passion is a poor way to determine whether a given career path will make you happy. Rather, passion grows out of work that has the right features. This was even true of Steve Jobs. When he was young, he was passionate about Zen Buddhism. He traveled in India, took plenty of LSD, shaved his head, wore robes, and seriously considered moving to Japan to become a monk. He first got into electronics only reluctantly, as a way to earn cash on the side, helping his tech-savvy friend Steve Wozniak handle business deals while also spending time at the All-One Farm. Even Apple Computer’s very existence was fortuitous: while Jobs and Wozniak were trying to sell circuit boards to hobbyists, the owner of one local computer store said he would buy fully assembled computers, and they jumped at the chance to make more money.
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There are other factors that also matter to your job satisfaction: See the information and references cited in “Predictors of Job Satisfaction,” 80,000 Hours, August 28, 2014, https://80000hours.org/career-guide/framework/job-satisfaction/job-satisfaction-research/#predictors-of-job-satisfaction. He traveled in India: See Walter Isaacson, Steve Jobs (New York: Simon & Schuster, 2011), 39–50. while Jobs and Wozniak were trying to sell circuit boards to hobbyists: Jeffrey S. Young and William L. Simon, iCon Steve Jobs: The Greatest Second Act in the History of Business (Hoboken, New Jersey: John Wiley & Sons, 2005), 35–36. it’s been found that professors: Daniel T. Gilbert et al., “Immune Neglect: A Source of Durability Bias in Affective Forecasting,” Journal of Personality and Social Psychology 75, no. 3 (September 1998), 617–38.
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People often want job satisfaction as an end in itself, but it’s also a crucial factor when thinking about impact: if you’re not happy at work, you’ll be less productive and more likely to burn out, resulting in less impact in the long-term. However, we need to be careful when thinking about how to find a job you’ll love. There’s a lot of feel-good misinformation out there, and the real route to job satisfaction is somewhat counterintuitive. On June 12, 2005, Steve Jobs stood in front of the graduating class at Stanford and gave them his advice on what they should do with their lives: You have to trust in something—your gut, destiny, life, karma, whatever—because believing that the dots will connect down the road will give you the confidence to follow your heart, even when it leads you off the well-worn path, and that will make all the difference.
Intertwingled: The Work and Influence of Ted Nelson (History of Computing) by Douglas R. Dechow
3D printing, Apple II, Bill Duvall, Brewster Kahle, Buckminster Fuller, Claude Shannon: information theory, cognitive dissonance, computer age, Computer Lib, conceptual framework, Douglas Engelbart, Douglas Engelbart, Dynabook, Edward Snowden, game design, HyperCard, hypertext link, Ian Bogost, information retrieval, Internet Archive, Ivan Sutherland, Jaron Lanier, knowledge worker, linked data, Marc Andreessen, Marshall McLuhan, Menlo Park, Mother of all demos, pre–internet, Project Xanadu, RAND corporation, semantic web, Silicon Valley, software studies, Steve Jobs, Steve Wozniak, Stewart Brand, Ted Nelson, TED Talk, The Home Computer Revolution, the medium is the message, Vannevar Bush, Wall-E, Whole Earth Catalog
Yes, I’ve mixed a metaphor or two. Another key is to make a working system of the future. This was ARPA’s and especially PARC’s main mission. Make something that works, not just for a demo, but for a group of people. Some of what I showed during my talk is what Steve Jobs saw, and the Macintosh was a result of his glimpse and also interpretations of that glimpse by him and others at Apple. But it missed a number of really important ideas. Many of Ted’s and Doug’s ideas have been missed. So, with all this working against someone like Ted, why bother having visions? Standard schooling is already trying to convert two-eyed children into standard children, that is, into blind children.
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Fig. 3.2A hard drive (location shown in circle) containing a Smalltalk image from the 1970s was retrieved from the digital trash heap The software computers are, in terms of virtual hardware, independent of the physical computers they run on. To bring this back to life, we emulated the virtual hardware in Javascript. It is faster than the actual PARC computers of 40 years ago! With this approach, we have a time machine that allows us to go back, back, back into the past and run the same software that both Bonnie and Steve Jobs saw. In Fig. 3.3, we see familiar forms: overlapping windows, iconic representations, and so forth. Windows are objects that are views of objects: tools and the kinds of resources that media authors use to create the writings of the future. They’re not stovepiped “apps.” You can bring any and all objects in the Smalltalk system to any of these projects.
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But in graduate school I had a considerable epiphany (below), and I made a new and much bigger plan. I would found the personal computing industry and world-wide hypertext. I figured this might take until 1967, when I would be thirty; at which point I would get back to my original plan. (Note that Steve Jobs and Tim Berners-Lee were both 5 years old at this time, and they would have been eleven when I was thirty.) I expected to make a lot of money in the computer field by that time. Meanwhile I would simply accumulate notes for my other projects, which I could then pay to have typed into the software I was designing.
I Live in the Future & Here's How It Works: Why Your World, Work, and Brain Are Being Creatively Disrupted by Nick Bilton
3D printing, 4chan, Albert Einstein, augmented reality, barriers to entry, Cass Sunstein, death of newspapers, en.wikipedia.org, Internet of things, Joan Didion, John Gruber, John Markoff, Marshall McLuhan, Nicholas Carr, QR code, recommendation engine, RFID, Saturday Night Live, Steve Jobs, Steven Pinker, Stewart Brand, TED Talk, The future is already here
Now Amazon, Sony, and other players may fall behind Apple’s iPad and a wave of e-readers built using Google’s mobile Android operating system, which both offer book reading as one of dozens of applications. Apple, mimicking its iPod experience, has aimed for the high end, assuming that a color screen, a very fast response time, and the “cool” factor will help it grab market share in books the way it has in music. The iPad, at least initially, sold for twice the price of a Kindle, and electronic books in Apple’s iBookstore sell mostly for $14.99, a price that pleases many publishers but sets up a duel with Amazon. When Steve Jobs, Apple’s chief executive officer, presented the iPad to an audience of six hundred geeks in January 2010, he talked about consistency, simplicity, and a uniform interface.
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But with tastes and technology evolving rapidly, the ones that hesitate may truly be lost and the ones that move aggressively may win the game. Look at Apple, the early computer company that has moved into music, music players, cell phones, and new electronic readers. In 2007 Steve Jobs, Apple’s chief executive officer, had to decide whether the company should introduce a new product that could drastically hurt the sales of a successful current product. For almost thirty years, Apple’s bread and butter was selling personal computers, related software, and peripherals. But in 2001 Apple introduced the iPod, a small music player that eventually would change the entire shape of the music industry.
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., Morgan, Leanne Citrone, Michael Citrone, Wuca & Pillow, Terry Bilton, Sandra and David Reston, Eboo Bilton and Weter, Betty and Len Bilton, Stephen, Amanda, Ben and Posh Jacobs, Daniel Jacobs, Ivan & Elsa Marin, Nathalie Marin, Chris Marin, Andy, Carm, George Jr., George Sr., Sonia, Joe, Chela, Tony, Jim, Andrea, Stephanie, Jessica, Lindsay, Diego and Yvonne, Cesar and Beatriz Southside, Sam H., Ariel Kaminer, Vint Cerf, Larry and Sergey, Tim Berners-Lee, Steve Jobs, and Bill Gates. Smallest, But Not Least Pixel, Hip Hop, & Magnolia. Kthxbye! notes and sources The following sources represent a portion of the research and interviews used for this book. Additional links, reference papers, and interview quotes can be found online at nickbilton.com.
The Upstarts: How Uber, Airbnb, and the Killer Companies of the New Silicon Valley Are Changing the World by Brad Stone
Affordable Care Act / Obamacare, Airbnb, Amazon Web Services, Andy Kessler, autonomous vehicles, Ben Horowitz, Benchmark Capital, Boris Johnson, Burning Man, call centre, Chuck Templeton: OpenTable:, collaborative consumption, data science, Didi Chuxing, Dr. Strangelove, driverless car, East Village, fake it until you make it, fixed income, gentrification, Google X / Alphabet X, growth hacking, Hacker News, hockey-stick growth, housing crisis, inflight wifi, Jeff Bezos, John Zimmer (Lyft cofounder), Justin.tv, Kickstarter, Lyft, Marc Andreessen, Marc Benioff, Mark Zuckerberg, Menlo Park, Mitch Kapor, Necker cube, obamacare, PalmPilot, Paul Graham, peer-to-peer, Peter Thiel, power law, race to the bottom, rent control, ride hailing / ride sharing, Ruby on Rails, San Francisco homelessness, Sand Hill Road, self-driving car, semantic web, sharing economy, side project, Silicon Valley, Silicon Valley startup, Skype, SoftBank, South of Market, San Francisco, Startup school, Steve Jobs, TaskRabbit, tech bro, TechCrunch disrupt, Tony Hsieh, transportation-network company, Travis Kalanick, Uber and Lyft, Uber for X, uber lyft, ubercab, Y Combinator, Y2K, Zipcar
Even back then, Camp was calling this proposed service by a name the world would soon know well: Uber. That was eight years ago. Much has changed since then—the president, for starters. But few changes have been as profound as those that were ushered in by those two groups of entrepreneurs sitting anonymously in the crowd that day. They had plenty of help. The late Apple co-founder Steve Jobs introduced the first iPhone seven months before Obama’s inauguration. Two months after it, Jobs announced that the iPhone would run software programs, called mobile applications, or apps, from other companies. Other significant technology trends were converging at the same time. The social network Facebook, founded in a Harvard dorm room in 2004, was skyrocketing in popularity and persuading internet users to establish their identities online.
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“It was very strange,” Surve says years later. Surve was happy just to have a comfortable place to sleep, but he ended up getting an education in the Silicon Valley startup scene as well. He spent lots of time that week on the couch with Gebbia and Chesky, talking about design and examining Apple’s new device, the very first iPhone. Surve hadn’t even heard of Steve Jobs, let alone the iPhone, and he was totally unfamiliar with the litany of motivational Jobs sayings that Gebbia and Chesky frequently quoted, such as “We’re here to put a dent in the universe.” With another guest staying at Rausch Street, Kat Jurick, Surve attended the pecha-kucha, and later in the week, Gebbia took him on a tour of the city, showing him sights like the famous winding block of Lombard Street and the farmers’ market outside the Ferry Building.
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The tale starts with Logan Green, a young, introverted software engineer who grew up amid the transportation chaos that was Los Angeles in the 1990s. In high school, Green got a part-time job working for the celebrated video game entrepreneur Nolan Bushnell, the founder of Atari and one of the first bosses of Apple co-founder Steve Jobs. Green went to the hippie-ish New Roads High School in Santa Monica and for years navigated the gridlocked city streets in his beat-up 1989 Volvo 740, commuting to Bushnell’s gaming company, uWink, in Playa del Rey. The drive was only six miles but could take more than half an hour. “I just recall having this feeling of seeing everyone stuck in traffic,” he told me years later.
Amazon Unbound: Jeff Bezos and the Invention of a Global Empire by Brad Stone
activist fund / activist shareholder / activist investor, air freight, Airbnb, Amazon Picking Challenge, Amazon Robotics, Amazon Web Services, autonomous vehicles, Bernie Sanders, big data - Walmart - Pop Tarts, Big Tech, Black Lives Matter, business climate, call centre, carbon footprint, Clayton Christensen, cloud computing, Colonization of Mars, commoditize, company town, computer vision, contact tracing, coronavirus, corporate governance, COVID-19, crowdsourcing, data science, deep learning, disinformation, disintermediation, Donald Trump, Downton Abbey, Elon Musk, fake news, fulfillment center, future of work, gentrification, George Floyd, gigafactory, global pandemic, Greta Thunberg, income inequality, independent contractor, invisible hand, Jeff Bezos, John Markoff, Kiva Systems, Larry Ellison, lockdown, Mahatma Gandhi, Mark Zuckerberg, Masayoshi Son, mass immigration, minimum viable product, move fast and break things, Neal Stephenson, NSO Group, Paris climate accords, Peter Thiel, Ponzi scheme, Potemkin village, private spaceflight, quantitative hedge fund, remote working, rent stabilization, RFID, Robert Bork, Ronald Reagan, search inside the book, Sheryl Sandberg, Silicon Valley, Silicon Valley startup, Snapchat, social distancing, SoftBank, SpaceX Starlink, speech recognition, Steve Ballmer, Steve Jobs, Steven Levy, tech billionaire, tech bro, techlash, TED Talk, Tim Cook: Apple, Tony Hsieh, too big to fail, Tragedy of the Commons, two-pizza team, Uber for X, union organizing, warehouse robotics, WeWork
The initial Alexa crew worked with a feverish sense of urgency due to their impatient boss. Unrealistically, Bezos wanted to release the device in six to twelve months. He would have a good reason to hurry. On October 4, 2011, just as the Doppler team was coming together, Apple introduced the Siri virtual assistant in the iPhone 4S, the last passion project of cofounder Steve Jobs, who died of cancer the next day. That the resurgent Apple had the same idea of a voice-activated personal assistant was both validating for Hart and his employees and discouraging, since Siri was first to market and with initial mixed reviews. The Amazon team tried to reassure themselves that their product was unique, since it would be independent from smartphones.
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At the same time, he had seen plenty of examples of bad management and could admit that there was something familiar in the Times account. Bezos himself was the architect of Amazon’s culture and skeptical of the unoriginal way that human resources was run at many companies. Other Silicon Valley CEOs had varying levels of disinterest in getting involved in the muck of HR and culture building. Steve Jobs, for example, upon returning full-time to Apple in 1997, had addressed an audience of the company’s human resources employees in Cupertino and bluntly told them, “It seems to me you are all just a bunch of barnacles.” Bezos, on the other hand, dove into the tedious details of HR and tried to formulate mechanisms that would substitute for good intentions.
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“Then a customer would pay for that coat and they’d leave a review about the sleeves falling off in the first minute.” Gunningham, a member of the S-team, was in charge of global selling as well as FBA and the marketplace. He’d grown up on a ranch in Argentina, earned a mathematical sciences degree at Stanford University, and worked with Larry Ellison at Oracle and Steve Jobs at Apple before scoring a kind of high-tech hat trick by joining Jeff Bezos at Amazon. Colleagues said he was creative and empathetic—and a big thinker, in Amazon’s lexicon. Gunningham quickly recognized that the flood of Chinese merchandise would stir controversy among sellers in the West who would not be able to match the low prices.
The Airbnb Story: How Three Ordinary Guys Disrupted an Industry, Made Billions...and Created Plenty of Controversy by Leigh Gallagher
Abraham Maslow, Airbnb, Amazon Web Services, barriers to entry, Ben Horowitz, Bernie Sanders, Blitzscaling, cloud computing, crowdsourcing, data science, don't be evil, Donald Trump, East Village, Elon Musk, fixed-gear, gentrification, geopolitical risk, growth hacking, Hacker News, hockey-stick growth, housing crisis, iterative process, Jeff Bezos, John Zimmer (Lyft cofounder), Jony Ive, Justin.tv, Lyft, Marc Andreessen, Marc Benioff, Mark Zuckerberg, medical residency, Menlo Park, Network effects, Paul Buchheit, Paul Graham, performance metric, Peter Thiel, RFID, Salesforce, Sam Altman, Sand Hill Road, Saturday Night Live, sharing economy, Sheryl Sandberg, side project, Silicon Valley, Silicon Valley startup, South of Market, San Francisco, Startup school, Steve Jobs, TaskRabbit, TED Talk, the payments system, Tony Hsieh, traumatic brain injury, Travis Kalanick, uber lyft, Y Combinator, yield management
And, eight years in, Airbnb is still growing like a weed. As of this writing, the company was said to be adding 1.4 million users a week, and those 140 million “guest arrivals” were projected to grow to 160 million by early 2017. Investors were expecting the company to see $1.6 billion in revenue and to become cash-flow positive in 2016. The Steve Jobs Three-Click Rule One question frequently posed about Airbnb is why it took off when so many other similar sites already existed—Couchsurfing.com, HomeAway.com, VRBO.com, even Craigslist itself. Why did Airbnb succeed in popularizing short-term rentals while others did not? Much of the explanation lies in the product itself.
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The very first Airbnb product was simply the oddball idea and a WordPress website, but when it came time to get ready for the third launch, at the DNC in Denver, the founders had expanded their vision, going from a simple platform for housing supply for sold-out conferences to a website where you could book a room in someone’s home as easily as you could book a hotel room. But from the start, Chesky and Gebbia were emphatic about certain things regarding the website and the experience: specifically, it had to be frictionless, it had to be easy. The listings had to look beautiful. And, based on the famous three-click rule from Steve Jobs, a design hero of Chesky and Gebbia’s—when Jobs conceived the iPod, he wanted it to never be more than just three clicks away from a song—the founders wanted their users to never be more than three clicks away from a booking. In fact, what so many investors had seen as a red flag during those early pitch meetings—that Chesky and Gebbia were designers from RISD who lacked technical background—turned out to be one of their biggest assets.
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Sequoia’s Alfred Lin says that plenty of CEOs have similar connections to Chesky’s but aren’t as successful. “I think the network is very helpful, but the potential has to be there,” he says. “Sources” need not be living: Chesky took some of his most valuable lessons from biographies of two of his biggest heroes, Walt Disney and Steve Jobs, as well as historical figures like General George S. Patton, former secretary of defense Robert McNamara, and scores of others; management tomes by the dozens (his favorite is Andy Grove’s High Output Management); and niche-industry sources like the Cornell Hospitality Quarterly. To say Chesky is a voracious reader doesn’t quite capture it.
Wait: The Art and Science of Delay by Frank Partnoy
algorithmic trading, Atul Gawande, behavioural economics, Bernie Madoff, Black Swan, blood diamond, Cass Sunstein, Checklist Manifesto, cognitive bias, collapse of Lehman Brothers, collateralized debt obligation, computerized trading, corporate governance, cotton gin, Daniel Kahneman / Amos Tversky, delayed gratification, Flash crash, Frederick Winslow Taylor, George Akerlof, Google Earth, Hernando de Soto, High speed trading, impulse control, income inequality, information asymmetry, Isaac Newton, Long Term Capital Management, Menlo Park, mental accounting, meta-analysis, MITM: man-in-the-middle, Nick Leeson, paper trading, Paul Graham, payday loans, Pershing Square Capital Management, Ralph Nader, Richard Thaler, risk tolerance, Robert Shiller, Ronald Reagan, Saturday Night Live, scientific management, six sigma, social discount rate, Spread Networks laid a new fibre optics cable between New York and Chicago, Stanford marshmallow experiment, statistical model, Steve Jobs, systems thinking, The Market for Lemons, the scientific method, The Wealth of Nations by Adam Smith, upwardly mobile, Walter Mischel, work culture
The Einstellung effect refers to our tendency to become stuck in our ways, to act or think in the same manner we’ve always acted or thought, even when we are presented with alternatives that are obviously better. The best innovators—people like Art Fry and Spence Silver, or Newton and Edison, or Steve Jobs—are skilled at overcoming the Einstellung effect. They follow the old Apple Computer slogan and “think different.” They do not develop an attitude. To see how the Einstellung effect matters to innovation, and to help finish the story of the sticky bookmark, we are going to revisit Peter McLeod, the neuroscientist from Oxford who showed us how the best cricket batsmen delay hitting the ball until the last split-second.
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Thinking like a kid is a big part of innovation. Behind every innovator is a playful, experimental childhood. When Steve Jobs was five or six years old, his adoptive father gave him a piece of his workbench and some tools and, according to Jobs, “spent a lot of time with me … teaching me how to build things, how to take things apart, put things back together.”32 Larry Page, cofounder of Google, has a similar story of growing up in a house full of computers and gadgets and having an older brother who showed him how stuff worked.33 Apple was established in 1976, and Google in 1996, but really they began long before. One of the most debated topics in the history of innovation is Joseph Priestley’s “discovery” of oxygen.
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Johnson, Where Good Ideas Come From, p. 82. 31. “Sticking Around—The Post-it Note Is 20,” BBC News, April 6, 2000, http://news.bbc.co.uk/2/hi/uk_news/701661.stm. 32. Daniel Morrow, “Learning to Use Tools,” interview with Steve Jobs, Smithsonian Oral and Video Histories, April 20, 1995, http://americanhistory.si.edu/collections/comphist/sj1.html#tools; see also Walter Isaacson, Steve Jobs (Simon & Schuster, 2011). 33. Sergey Brin, Google’s other cofounder, had a childhood similarly devoted to exploring whatever he was curious about, as well as family members who were supportive and equally curious. See Virginia Scott, Google (Greenwood Publishing Group, 2008), pp. 1–4. 34.
Making Ideas Happen: Overcoming the Obstacles Between Vision and Reality by Scott Belsky
centralized clearinghouse, index card, lone genius, market bubble, Merlin Mann, New Journalism, Results Only Work Environment, rolodex, side project, Silicon Valley, Steve Jobs, Steve Wozniak, supply-chain management, the long tail, Tim Cook: Apple, Tony Hsieh, young professional
You also don’t want to create too much structure around when you can and cannot generate new ideas. However, you must be willing to kill ideas liberally—for the sake of fully pursuing others. In a rare interview in BusinessWeek on Apple’s system for innovation, CEO Steve Jobs explained that, in fact, there is no system at Apple—and that spontaneity is a crucial element for innovation, so long as it is paired with the ability to say no without hesitation: Apple is a very disciplined company, and we have great processes. But that’s not what it’s about. Process makes you more efficient. But innovation comes from people meeting up in the hallways or calling each other at 10:30 at night with a new idea, or because they realized something that shoots holes in how we’ve been thinking about a problem.
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As we examine the history of spectacular creations and the leaders behind these accomplishments, some obvious examples of Doers, Dreamers, and Incrementalists stand out. Bill Bowerman, the former track coach who developed Nike’s running shoes, partnered with Phil Knight to transform his vision into a business. In the leadership of Apple, one might call Jonathan Ive (chief designer), Tim Cook (chief operating officer), and Steve Jobs (chief executive officer) Dreamer, Doer, and Incrementalist, respectively. In the world of fashion, the Dreamer Calvin Klein had Barry Schwartz, Ralph Lauren had Roger Farah, and Marc Jacobs had Robert Duffy—three fashion visionaries paired with a world-class Doer as a partner.
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The same case can be made for all creative endeavors: our odds of success increase when we readily share ideas and seek out discoveries that have already been made by others in our industry. The examples set by Chris Anderson and Steve Kerr are refreshing, but they go directly against the grain of some of the most celebrated idea generators of the last era. Steve Jobs is notorious for extreme privacy around innovation at Apple—both with the public and even between teams within the company. Students across the creative disciplines have always been advised by their professors to share ideas carefully. Certainly, the thinking behind patents and idea protection in general holds some merit. Given our great passion for our ideas, and the potential value of the good ones, our desire to protect them is understandable.
The Messy Middle: Finding Your Way Through the Hardest and Most Crucial Part of Any Bold Venture by Scott Belsky
23andMe, 3D printing, Airbnb, Albert Einstein, Anne Wojcicki, augmented reality, autonomous vehicles, behavioural economics, Ben Horowitz, bitcoin, blockchain, Chuck Templeton: OpenTable:, commoditize, correlation does not imply causation, cryptocurrency, data science, delayed gratification, DevOps, Donald Trump, Elon Musk, endowment effect, fake it until you make it, hiring and firing, Inbox Zero, iterative process, Jeff Bezos, knowledge worker, Lean Startup, Lyft, Mark Zuckerberg, Marshall McLuhan, minimum viable product, move fast and break things, NetJets, Network effects, new economy, old-boy network, Paradox of Choice, pattern recognition, Paul Graham, private spaceflight, reality distortion field, ride hailing / ride sharing, Salesforce, Sheryl Sandberg, Silicon Valley, skeuomorphism, slashdot, Snapchat, Steve Jobs, subscription business, sugar pill, systems thinking, TaskRabbit, TED Talk, the medium is the message, Tony Fadell, Travis Kalanick, Uber for X, uber lyft, WeWork, Y Combinator, young professional
The space you use also has a significant impact on the products you create. One of my mentors, James Higa, who spent a big chunk of his career working for Steve Jobs through his time at Next, Apple, and Pixar, shared just how emphatic Steve was about planning the office space for each company. He would take the time to fly around the world to look at sample materials and reference structures, and even once pursued acquiring sculptures by renowned Japanese American artist and landscape architect Isamu Noguchi so Apple employees could have a “daily encounter with beauty” in the lobby. Steve would also spend the energy required to bend the will of headstrong architects until they aligned with his vision.
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Your job is to make history more interesting and relevant when retold than when it happened. After all, the middle of a journey is a blurry, mundane landscape. To get through the tremendous voids of nothingness in between the milestones, provide guidance. You’re the narrator of this journey. People who worked with Apple founder Steve Jobs over the years often talked about how his “reality-distortion field” could alter his team’s perspective, assumptions, and limits to allow for new ideas. Perhaps Jobs believed in his vision so much so that the reality around him was distorted by the power of his conviction? When you’re articulating a vision and set of assumptions with such passion and confidence, reality starts to bend your way.
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It’s extremely difficult to halt all progress and start all over again, but the boldest projects have multiple such “resets.” Perhaps one of the most challenging and important consumer product creations of our lifetime was the iPod, and subsequently the iPhone. So I asked Tony Fadell—who, before creating the thermostat company Nest, was brought into Apple by Steve Jobs to lead the iPod project, and then iPhone—about how his teams worked their way around so many dead ends. Tony explained, “I think there are two kinds of resets, one which is product spec based, not meeting the customer needs, and the other which is engineering based, not having a way to implement the plan with the current team or current technology inside or outside the company.
Attention Factory: The Story of TikTok and China's ByteDance by Matthew Brennan
Airbnb, AltaVista, augmented reality, Benchmark Capital, Big Tech, business logic, Cambridge Analytica, computer vision, coronavirus, COVID-19, deep learning, Didi Chuxing, Donald Trump, en.wikipedia.org, fail fast, Google X / Alphabet X, growth hacking, ImageNet competition, income inequality, invisible hand, Kickstarter, Mark Zuckerberg, Menlo Park, natural language processing, Netflix Prize, Network effects, paypal mafia, Pearl River Delta, pre–internet, recommendation engine, ride hailing / ride sharing, Sheryl Sandberg, Silicon Valley, Snapchat, social graph, Steve Jobs, TikTok, Travis Kalanick, WeWork, Y Combinator
By 2011, seasoned entrepreneur Yiming recognized that smartphones would profoundly change how humans received and interacted with information. Although no one could have foreseen such at the time, this seed of thought, planted at the very founding of the company, eventually manifested itself through the global success of TikTok. To quote Steve Jobs, “You can’t connect the dots looking forward; you can only connect them looking backwards.” To understand TikTok and the company behind it, ByteDance, we need to start at the beginning—in a small village in southeast China, Yiming’s hometown. * * * 2 Image: click farm equipment. Zombie phones stacked in racks and operated remotely using automated software. 3 https://www.youtube.com/watch?
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Two large, high-profile companies starting in the same housing community at the same time has given Jinqiu Gardens a somewhat mythical status within China’s internet industry. Is this a dance agency? In picking the company’s name, Yiming made an unorthodox choice—English name first and work back towards the Chinese. After much brainstorming, the team came up with “ByteDance,” allegedly inspired by a famous Steve Jobs quote: “Technology alone is not enough. That it’s technology married with liberal arts, married with the humanities that yields us the result that makes our hearts sing.” 42 The logic being that “byte,” the unit of information in a computer, was technological sounding, and “dance” represented the liberal arts.
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Chinese internet startups created around this time tended to focus exclusively on the massive and abundant opportunities already present in the local domestic market with little thought given to overseas. Choosing an English name first provides a reliable indicator that the company really was thinking “Global from day one”—one of ByteDance’s somewhat clichéd company slogans. Steve Jobs, whose quote inspired the name, had died just a few months before, sending shockwaves across China’s tech industry where he was widely revered. The “app economy” of internet services delivered through smartphone devices was Job’s brainchild and the infrastructure on top of which ByteDance would build its entire business.
Reset: How to Restart Your Life and Get F.U. Money: The Unconventional Early Retirement Plan for Midlife Careerists Who Want to Be Happy by David Sawyer
"World Economic Forum" Davos, Abraham Maslow, Airbnb, Albert Einstein, asset allocation, beat the dealer, bitcoin, Black Monday: stock market crash in 1987, Cal Newport, cloud computing, cognitive dissonance, content marketing, crowdsourcing, cryptocurrency, currency risk, David Attenborough, David Heinemeier Hansson, Desert Island Discs, diversification, diversified portfolio, Edward Thorp, Elon Musk, fake it until you make it, fake news, financial independence, follow your passion, gig economy, Great Leap Forward, hiring and firing, imposter syndrome, index card, index fund, invention of the wheel, John Bogle, knowledge worker, loadsamoney, low skilled workers, Mahatma Gandhi, Mark Zuckerberg, meta-analysis, mortgage debt, Mr. Money Mustache, passive income, passive investing, Paul Samuelson, pension reform, risk tolerance, Robert Shiller, Ronald Reagan, Silicon Valley, Skype, smart meter, Snapchat, stakhanovite, Steve Jobs, sunk-cost fallacy, TED Talk, The 4% rule, Tim Cook: Apple, Vanguard fund, William Bengen, work culture , Y Combinator
[175] 2,617 times a day: “We touch our phones 2,617 times a day, says study | Network World.” 7 Jul. 2016, toreset.me/175. [176] In a 2016 blog post: “How Technology is Hijacking Your Mind — from a Former... – Medium.” 18 May. 2016, toreset.me/176. [177] kids’ screen time: “Bill Gates and Steve Jobs limited screen time for... – Business Insider.” 10 Jan. 2018, toreset.me/177. [178] Cook: “Tim Cook – Wikipedia.” toreset.me/178. The Apple CEO. [179] Horvath: “Michael Horvath | LinkedIn.” toreset.me/179. The Strava co-founder. [180] RescueTime: “RescueTime.” toreset.me/180. [181] Unroll.Me: “Unroll.Me.” toreset.me/181. [182] (3% of people)?: “Sleep with your smartphone in hand?
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Be a little bit happier. Be more confident. Have more sleep, more sex and be less lonely. There’s no doubt that the internet is amazing; and the irony of someone who makes their living from digital communications bemoaning social media addiction is not lost on me. As, no doubt, it was not lost on Steve Jobs, or the host of Silicon Valley tech entrepreneurs who place strict limits on their kids’ screen time[177]. But if we don’t take control of our own performance that little beeping flashing minicomputer charging on the arm of our sofa will run the show for us. Prescription Here’s how you can say F.U. to Zuckerberg, Gates, Cook[178] and Horvath[179], and wrest back control of your life.
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Treat your state pension as a bonus: don’t rely on it. Leave a legacy. Remember The LAHs. And finally... Walter Isaacson[429] is a wise American journalist (ex-editor of Time magazine and CNN). He’s also written acclaimed biographies of some of the most talented people who have ever lived, including Benjamin Franklin, Leonardo da Vinci, Steve Jobs and Albert Einstein. Every human being, he contends, is trying to find “where they fit in”: all “searching” for meaning in life and our place in it[430]. It took me more than 40 years to find mine. Running – we’ll touch on that in Part V – gave me hope, but there’s no higher purpose; digital PR gave me pride and is something I excel in, but it’s a means to an end; decluttering made me see clearly again, got my brain firing and opened up a host of possibilities.
The Intelligence Trap: Revolutionise Your Thinking and Make Wiser Decisions by David Robson
active measures, Affordable Care Act / Obamacare, Albert Einstein, Alfred Russel Wallace, Atul Gawande, autism spectrum disorder, availability heuristic, behavioural economics, classic study, cognitive bias, corporate governance, correlation coefficient, cuban missile crisis, Daniel Kahneman / Amos Tversky, dark matter, deep learning, deliberate practice, dematerialisation, Donald Trump, Dunning–Kruger effect, fake news, Flynn Effect, framing effect, fundamental attribution error, illegal immigration, Isaac Newton, job satisfaction, knowledge economy, Large Hadron Collider, lone genius, meta-analysis, Nelson Mandela, obamacare, Parler "social media", pattern recognition, post-truth, price anchoring, reality distortion field, Richard Feynman, risk tolerance, Silicon Valley, social intelligence, Steve Jobs, sunk-cost fallacy, tacit knowledge, TED Talk, the scientific method, theory of mind, traveling salesman, ultimatum game, Y2K, Yom Kippur War
Westinghouse: A Shocking Rivalry’, Smithsonian Magazine, http://www.smithsonianmag.com/history/edison-vs-westinghouse-a-shocking-rivalry-102146036/. 57 Essig, M. (2003), Edison and the Electric Chair, Stroud, Gloucestershire: Sutton. 58 Essig, Edison and the Electric Chair, p. 289. 59 Essig, Edison and the Electric Chair, p. 289. 60 Isaacson, W. (2011), Steve Jobs, London: Little, Brown, pp. 422?55. Swaine, J. (21 October 2011), ‘Steve Jobs “Regretted Trying to Beat Cancer with Alternative Medicine for So Long” ’, Daily Telegraph, http://www.telegraph.co.uk/technology/apple/8841347/Steve-Jobs-regretted-trying-to-beat-cancer-with-alternative-medicine-for-so-long.html. 61 Shultz, S., Nelson, E. and Dunbar, R.I.M. (2012), ‘Hominin Cognitive Evolution: Identifying Patterns and Processes in the Fossil and Archaeological Record’, Philosophical Transactions of the Royal Society B: Biological Sciences, 367(1599), 2130–40. 62 Mercier, H. (2016), ‘The Argumentative Theory: Predictions and Empirical Evidence’, Trends in Cognitive Sciences, 20(9), 689?
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The historian of science Mark Essig writes that ‘the question is not so much why Edison’s campaign failed as why he thought it might succeed’.59 But an understanding of cognitive errors such as the sunk cost effect, the bias blind spot and motivated reasoning helps to explain why such a brilliant mind may persuade itself to continue down such a disastrous path. The co-founder of Apple, Steve Jobs, was similarly a man of enormous intelligence and creativity, yet he too sometimes suffered from a dangerously skewed perception of the world. According to Walter Isaacson’s official biography, his acquaintances described a ‘reality distortion field’ – ‘a confounding mélange of charismatic rhetorical style, indomitable will, and eagerness to bend any fact to fit the purpose at hand’, in the words of his former colleague Andy Hertzfeld.
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Whatever your profession, the toxic combination of motivated reasoning and the bias blind spot could still lead us to justify prejudiced opinions about those around us, pursue failing projects at work, or rationalise a hopeless love affair. As two final examples, let’s look at two of history’s greatest innovators: Thomas Edison and Steve Jobs. With more than a thousand patents to his name, Thomas Edison was clearly in possession of an extraordinarily fertile mind. But once he had conceived an idea, he struggled to change his mind – as shown in the ‘battle of the currents’. In the late 1880s, having produced the first working electric lightbulb, Edison sought to find a way to power America’s homes.
The Longing for Less: Living With Minimalism by Kyle Chayka
Airbnb, Blue Bottle Coffee, Frank Gehry, gentrification, Guggenheim Bilbao, Jony Ive, Kickstarter, Lao Tzu, Mason jar, offshore financial centre, prosperity theology / prosperity gospel / gospel of success, public intellectual, Ralph Waldo Emerson, Richard Florida, Silicon Valley, Steve Jobs, Stewart Brand, technoutopianism, undersea cable, Whole Earth Catalog
It takes a lot of money to look this simple. 1 - VII In a famous photograph21 from 1982, one that seems destined for future historians to analyze as a representation of the late-twentieth century, Steve Jobs sits on the floor of his living room. Jobs was in his late twenties at the time and Apple was making a billion dollars a year in revenue. He had just bought a large house in Los Gatos, California, close to both the Apple office and his parents’ home, but he kept it totally empty. In Diana Walker’s photo he is seen cross-legged on a single square of carpet, holding a mug, wearing a simple dark sweater and jeans—his prototypical uniform.
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Looking past the verbosity, it’s not just about form following function but an intimacy of cause and effect, design and purpose: everything at a human scale, integrated into one graspable system. According to Alexander, the quality “will happen of its own accord, if we will only let it.” There was nothing so organic about Steve Jobs’s living room. It was empty and uncomfortable in its monkishness, austere to the point of showing off, as Jobs well knew during the photo shoot. I think the quality-without-a-name, or the spirit of minimalism, can more easily be found in the main area of the Eameses’ 1949 Case Study House No. 8 in Los Angeles, where the couple lived for most of their lives and that is now preserved as a museum.
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“impeccable without having reference …” Trow, George W. S. “Eclectic, Reminiscent, Amused, Fickle, Perverse.” New Yorker, May 22, 1978. the Instagram account … John Pawson’s Instagram account, https://www.instagram.com/johnpawson/, c. 2018. “Minimal living has always …” Pawson, John. Minimum. London: Phaidon Press, 2006. In a famous photograph … Steve Jobs photograph included in Walker, Diana. The Bigger Picture. New York: National Geographic, 2007. “the second body” Hildyard, Daisy. The Second Body. London: Fitzcarraldo, 2018. “way-it-should-be-ness” “The ‘Way-it-should-be-ness’ of the Eames Radio: Interview with Eames Demetrios.” Vitra Magazine, May 12, 2018. https://www.vitra.com/en-us/magazine/details/the-way-it-should-be-ness-of-the-eames-radio.
Cult of the Dead Cow: How the Original Hacking Supergroup Might Just Save the World by Joseph Menn
"World Economic Forum" Davos, 4chan, A Declaration of the Independence of Cyberspace, Andy Rubin, Apple II, autonomous vehicles, Berlin Wall, Bernie Sanders, Big Tech, bitcoin, Black Lives Matter, Cambridge Analytica, Chelsea Manning, Citizen Lab, commoditize, corporate governance, digital rights, disinformation, Donald Trump, dumpster diving, Edward Snowden, end-to-end encryption, fake news, Firefox, Gabriella Coleman, Google Chrome, Haight Ashbury, independent contractor, information security, Internet of things, Jacob Appelbaum, Jason Scott: textfiles.com, John Gilmore, John Markoff, John Perry Barlow, Julian Assange, Laura Poitras, machine readable, Mark Zuckerberg, military-industrial complex, Mitch Kapor, Mondo 2000, Naomi Klein, NSO Group, Peter Thiel, pirate software, pre–internet, Ralph Nader, ransomware, Richard Stallman, Robert Mercer, Russian election interference, self-driving car, Sheryl Sandberg, side project, Silicon Valley, Skype, slashdot, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, Stuxnet, tech worker, Whole Earth Catalog, WikiLeaks, zero day
The phreakers were a diverse group, including John Draper, who called himself Cap’n Crunch after learning that whistles given out with that breakfast cereal could be used to blow 2600 hertz, which allowed free calls. The technical puzzles of phreaking would attract future innovators up to and including Apple founders Steve Jobs and Steve Wozniak, who sold blue boxes to make free calls while in college. The political divide in America at the end of the 1960s was the worst until the 2000s, and that helped push phreaking in a radical direction. The phone companies were very clearly part of the establishment, and AT&T was a monopoly to boot.
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“a harder time attacking Google’s Chrome browser”: Mudge and Sarah Zatko have released various findings from the lab in talks at Black Hat and other conferences. “I hate Adobe”: A large proportion of criminal and geopolitical malware depended on Flash vulnerabilities for years. The bad security was one of the reasons that Steve Jobs killed Apple support for it. In 2018, Flash is nearing end of life. “Gallagher gave him a shout-out”:Hugh Gallagher, “White Boy Rocks Harlem,” posted by zpin, YouTube video, 2:40, June 28, 2006, www.youtube.com/watch?v=Hv1ihFI5iKI. “In four years, the group found 1,400 vulnerabilities”: Figures disclosed by Project Zero and Google Chrome overseer Parisa Tabriz at her Black Hat keynote in 2018, covered here: Seth Rosenblatt, “Google’s ‘Security Princess’ Calls for Stronger Collaboration,” Parallax, August 8, 2018, www.the-parallax.com/2018/08/08/google-security-princess-parisa-tabriz-black-hat/.
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“Misha had followed the credo laid out by early hacker the Mentor”: The Mentor, “The Conscience of a Hacker,” Phrack #7, January 8, 1986, http://phrack.org/issues/7/3.html#article. “participant Jordan Ritter”: In addition to Ritter and Fanning, others in my Napster book All the Rave who show up in this volume are John Perry Barlow, Yobie Benjamin, Bill Gates, Steve Jobs, Jan Koum, Kevin Mitnick, and Dug Song. Napster cofounder Sean Parker went on to serve as Facebook’s first president, coaching Mark Zuckerberg through dealings with venture capitalists and helping him keep voting control of the company as it moved toward becoming one of the most important in the world.
Utopias: A Brief History From Ancient Writings to Virtual Communities by Howard P. Segal
1960s counterculture, Alvin Toffler, Apollo 11, biodiversity loss, British Empire, Buckminster Fuller, complexity theory, David Brooks, death of newspapers, dematerialisation, deskilling, energy security, European colonialism, Evgeny Morozov, Ford Model T, Francis Fukuyama: the end of history, full employment, future of journalism, Future Shock, G4S, garden city movement, germ theory of disease, Golden Gate Park, Herbert Marcuse, Herman Kahn, intentional community, invention of the printing press, Isaac Newton, Jeff Bezos, John Markoff, John von Neumann, Kim Stanley Robinson, knowledge economy, Lewis Mumford, liberation theology, Louis Pasteur, Mark Zuckerberg, mass immigration, means of production, megaproject, Nelson Mandela, Nicholas Carr, Nikolai Kondratiev, One Laptop per Child (OLPC), out of africa, pneumatic tube, post-war consensus, public intellectual, Ralph Waldo Emerson, Ray Kurzweil, Ronald Reagan, Silicon Valley, Skype, stem cell, Stephen Hawking, Steve Jobs, Steve Wozniak, Stewart Brand, Strategic Defense Initiative, technological determinism, technoutopianism, Thomas Malthus, Thorstein Veblen, transcontinental railway, traveling salesman, union organizing, urban planning, W. E. B. Du Bois, War on Poverty, warehouse robotics, Whole Earth Catalog
(Robert Noyce also invented the integrated circuit but worked separately from Kilby; however, because he was already dead, he was ineligible for the prize.) There is, however, a bit of historical reverence in Silicon Valley for the three garages in which three major high-tech companies began: Hewlett-Packard (William Hewlett and David Packard, starting in 1938), Apple (Steve Jobs and Steve Wozniak, starting in 1976), and Google (Sergey Brin and Larry Page, starting in 1998). None is open to the public, but all are popular brief stopping places for contemporary geek tours.54 More generally, there is a declining confidence in scientific and technological panaceas—not simply a declining faith in utopia.
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More generally, according to countless newspapers and magazines, television and radio programs, opinion surveys, and, not least, websites and Internet discussions, much of the world has for years now been experiencing “techno-mania” of an unprecedented intensity. Not only are endless high-tech advances all the rage, but those advances—especially computers, the Internet, the Web, cell phones, Skype, iPods, iPhones, and, most recently, iPads—are rapidly transforming the world, and generally for the better. By the time of his death in 2011, Apple Computer co-founder Steve Jobs had become the foremost promoter of “techno-mania,” though hardly the only one.2 We are given to believe that Americans have never seen so much scientific and technological change in so short a time and have rarely been so optimistic about the future. Because of the contemporary “global economy”—also endlessly cited as supposedly unique—what happens in the United States eventually happens in the rest of the world too.
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Although the earliest reference I have found is in David Cushman Coyle, “Decentralize Industry,” Virginia Quarterly Review, 11 (July 1935), 321–338, he refers there to older forms of technology such as assembly lines and electrical power systems. See, for example, Newsweek’s cover story on Apple’s latest invention, the iPad, by Daniel Lyons and Nick Summers, “Think Really The Resurgence of Utopianism 3 4 5 6 7 8 9 10 11 12 13 Different,” 155 (April 5, 2010), 47–51. The issue’s cover title was explicit: “What’s So Great About the iPad? Everything. How Steve Jobs Will Revolutionize Reading, Watching, Computing, Gaming— and Silicon Valley.” Similarly, Time’s cover story for 175 (April 12, 2010), 6, 36–43, was “Inside Steve’s Pad.”
Essentialism: The Disciplined Pursuit of Less by Greg McKeown
90 percent rule, Albert Einstein, Clayton Christensen, Daniel Kahneman / Amos Tversky, David Sedaris, deliberate practice, double helix, en.wikipedia.org, endowment effect, impact investing, Isaac Newton, iterative process, Jeff Bezos, Lao Tzu, lateral thinking, loss aversion, low cost airline, Mahatma Gandhi, microcredit, minimum viable product, Nelson Mandela, North Sea oil, Peter Thiel, power law, Ralph Waldo Emerson, Richard Thaler, Rosa Parks, Salesforce, Shai Danziger, side project, Silicon Valley, Silicon Valley startup, sovereign wealth fund, Stanford prison experiment, Steve Jobs, TED Talk, Vilfredo Pareto
Shubik (Oxford: Oxford University Press, 2001), 132. 9. First referenced in a blog post I wrote for Harvard Business Review called “If You Don’t Prioritize Your Life, Someone Else Will,” June 28, 2012, http://blogs.hbr.org/2012/06/how-to-say-no-to-a-controlling/ 10. In 1993 Interview re: Paul Rand and Steve Jobs, dir. Doug Evans, uploaded January 7, 2007, www.youtube.com/watch?v=xb8idEf-Iak, Steve Jobs shares how Paul Rand came up with the logo for NeXT. 11. Carol Hymowitz, “Kay Krill on Giving Ann Taylor a Makeover,” Business Week, August 9, 2012, www.businessweek.com/articles/2012-08-09/kay-krill-on-giving-ann-taylor-a-makeover#p2. 12. UNCOMMIT 1.
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The potential upside, however, is less obvious: when the initial annoyance or disappointment or anger wears off, the respect kicks in. When we push back effectively, it shows people that our time is highly valuable. It distinguishes the professional from the amateur. A case in point is the time the graphic designer Paul Rand had the guts to say no to Steve Jobs.10 When Jobs was looking for a logo for the company NeXT, he asked Rand, whose work included the logos for IBM, UPS, Enron, Westinghouse, and ABC, to come up with a few options. But Rand didn’t want to come up with “a few options.” He wanted to design just one option. So Rand said: “No. I will solve your problem for you.
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And of course Jesus lived as carpenter and then in his ministry lived without wealth, political position, or material belongings. We can see the philosophy of “less but better” reflected in the lives of other notable and diverse figures—both religious and secular—throughout history: to name a few, the Dalai Lama, Steve Jobs, Leo Tolstoy, Michael Jordan, Warren Buffett, Mother Teresa, and Henry David Thoreau (who wrote, “I do believe in simplicity. It is astonishing as well as sad, how many trivial affairs even the wisest thinks he must attend to in a day; … so simplify the problem of life, distinguish the necessary and the real”).5 Indeed, we can find Essentialists among the most successful people in every type of human endeavor.
Barefoot Into Cyberspace: Adventures in Search of Techno-Utopia by Becky Hogge, Damien Morris, Christopher Scally
"World Economic Forum" Davos, A Declaration of the Independence of Cyberspace, back-to-the-land, Berlin Wall, Buckminster Fuller, Chelsea Manning, citizen journalism, cloud computing, corporate social responsibility, disintermediation, DIY culture, Douglas Engelbart, Douglas Engelbart, Electric Kool-Aid Acid Test, Evgeny Morozov, Fall of the Berlin Wall, game design, Hacker Conference 1984, Hacker Ethic, Hans Moravec, informal economy, information asymmetry, Jacob Appelbaum, jimmy wales, John Gilmore, John Markoff, John Perry Barlow, Julian Assange, Kevin Kelly, mass immigration, Menlo Park, military-industrial complex, Mitch Kapor, MITM: man-in-the-middle, moral panic, Mother of all demos, Naomi Klein, Nelson Mandela, Network effects, New Journalism, Norbert Wiener, off-the-grid, peer-to-peer, Richard Stallman, Silicon Valley, Skype, Socratic dialogue, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, systems thinking, technoutopianism, Telecommunications Act of 1996, The Hackers Conference, Vannevar Bush, Whole Earth Catalog, Whole Earth Review, WikiLeaks
Later in the catalogue, Wiener’s other great work, Cybernetics, or Control and Communication in the Animal and the Machine is reviewed. Wiener is described by the reviewer – presumably Brand – as “one of the founders of an n-dimensional world whose nature we’ve yet to learn. He is also one of the all-time nice men.” In a talk he gave in 2005, Apple CEO Steve Jobs called the Whole Earth Catalog “one of the bibles of my generation”, describing it as a Google in paperback form, idealistic and overflowing with incredible tools. Wired founder Kevin Kelly compared it to the modern-day blogosphere, calling it “a great example of user-generated content” thanks to Brand’s habit of encouraging readers to submit their own reviews and earn themselves a fee of $10.
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Most of the money Moore received the night of Stewart Brand’s Demise Party eventually went into founding the Homebrew Computer Club, a place for amateur and professional computer enthusiasts to tinker with personal computers. And so from the ashes of the Catalog rose a legendary phoenix. For it was at Homebrew that Steve Wozniak would meet Steve Jobs, and the two decide to found Apple Computers. Lee Felsenstein, designer of the first mass-produced portable computer the Osborne 1, also hung out there, as did the legendary telephone network hacker or “phreak” John “Captain Crunch” Draper. And it was to the Homebrew Computer Club that a 20-year old Bill Gates wrote his disgruntled “Open letter to Hobbyists”
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US Department of Defense Intelligence Analysis Program (DIAP), March 18. http://wikileaks.org/le/us-intel-wikileaks.pdf. Huxley, Aldous. 2004. The Doors of Perception. Great Britain: Vintage. Jobs, Steve. 2005. 2005 Commencement Address June 12, Stanford. http://www.roj.com.np/life-inspiration/steve-jobs-how-to-live-before-you-die/. Khatchadourian, Raffi. 2010. “No Secrets.” The New Yorker, June 7. http://www.newyorker.com/reporting/2010/06/07/100607fa_fact_khatchadourian. Klein, Naomi. 2000. No Logo. Flamingo. Knight Lightning. 1989. “German Hackers Break Into Los Alamos and NASA”, Phrack, March 29 http://www.phrack.org/issues.html?
The Monk and the Riddle: The Education of a Silicon Valley Entrepreneur by Randy Komisar
Apple's 1984 Super Bowl advert, barriers to entry, belly landing, discounted cash flows, estate planning, Jeff Bezos, Network effects, new economy, Pepto Bismol, Sand Hill Road, Silicon Valley, Silicon Valley startup, Steve Jobs
I had bought the prejudice that company lawyers were people who couldn't hack it in a good law firm. Maybe Apple was a step backwards for me. If it didn't work out, would a good law firm still take me seriously? Yet everything in my gut told me I should go to Apple. Those were the mid-eighties, the glory days of the company Steve Jobs had energized with ideals and values. Though he had been forced out just before I arrived, his influence still bled in five colors throughout the organization. The Apple he created was about making the power of computing accessible to everyone, about freedom from the tyranny of technology and technologists, about changing education, about using technology to help the handicapped cope with the challenges of their disabilities.
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And I found myself able, by dint of both my eclectic experience and my training as a lawyer, to help them build viable enterprises around their brilliant ideas. Perhaps, I thought, I could find genuine satisfaction, some meaning, in practicing law after all. In 1985, I approached Lucasfilm, George Lucas's film studio and the home of Star Wars, for some work on the sale of Pixar, its animation division, to Steve Jobs. My firm ended up handling the technology side of that dealthe conveyance of the technology, the protection of intellectual property, and so on. At that time, Pixar was hardly the distinguished company Jobs later made of it, but the transaction was still fascinating: a project with two marquee names from two glamorous worlds, entertainment and technology.
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No one could know what might have happened if Apple had Page 110 gone ahead with that agreement and with licensing the operating system to other manufacturers. Sculley's Apple subordinated the company's big idea to the business model. That model was not the essence of Apple. It was simply that moment's best means of realizing value from the big idea. The business model can and should change over time, as the world changes. Ultimately, when the big idea was lost, the market and Apple's employees could no longer find a reason to support Apple's business. Their fanaticism faded to ambivalence. I was curious about whether Lenny was following the example of Sculley's Apple even before he'd been able to start the business.
The Job: The Future of Work in the Modern Era by Ellen Ruppel Shell
"Friedman doctrine" OR "shareholder theory", 3D printing, Abraham Maslow, affirmative action, Affordable Care Act / Obamacare, Airbnb, airport security, Albert Einstein, AlphaGo, Amazon Mechanical Turk, basic income, Baxter: Rethink Robotics, big-box store, blue-collar work, Buckminster Fuller, call centre, Capital in the Twenty-First Century by Thomas Piketty, Clayton Christensen, cloud computing, collective bargaining, company town, computer vision, corporate governance, corporate social responsibility, creative destruction, crowdsourcing, data science, deskilling, digital divide, disruptive innovation, do what you love, Donald Trump, Downton Abbey, Elon Musk, emotional labour, Erik Brynjolfsson, factory automation, follow your passion, Frederick Winslow Taylor, future of work, game design, gamification, gentrification, glass ceiling, Glass-Steagall Act, hiring and firing, human-factors engineering, immigration reform, income inequality, independent contractor, industrial research laboratory, industrial robot, invisible hand, It's morning again in America, Jeff Bezos, Jessica Bruder, job automation, job satisfaction, John Elkington, John Markoff, John Maynard Keynes: Economic Possibilities for our Grandchildren, Joseph Schumpeter, Kickstarter, knowledge economy, knowledge worker, Kodak vs Instagram, labor-force participation, low skilled workers, Lyft, manufacturing employment, Marc Andreessen, Mark Zuckerberg, means of production, move fast and break things, new economy, Norbert Wiener, obamacare, offshore financial centre, Paul Samuelson, precariat, Quicken Loans, Ralph Waldo Emerson, risk tolerance, Robert Gordon, Robert Shiller, Rodney Brooks, Ronald Reagan, scientific management, Second Machine Age, self-driving car, shareholder value, sharing economy, Silicon Valley, Snapchat, Steve Jobs, stock buybacks, TED Talk, The Chicago School, The Theory of the Leisure Class by Thorstein Veblen, Thomas L Friedman, Thorstein Veblen, Tim Cook: Apple, Uber and Lyft, uber lyft, universal basic income, urban renewal, Wayback Machine, WeWork, white picket fence, working poor, workplace surveillance , Y Combinator, young professional, zero-sum game
Indeed, America as a whole has a soft spot for risk takers willing to gamble almost everything in an effort to create new business opportunities. While in Europe schoolchildren are taught to revere poets and philosophers, in the United States schoolchildren are primed to lionize entrepreneurs like Steve Jobs, Bill Gates, and Elon Musk. The very term business hero has a distinctly American ring. And by hero, we generally mean “innovator,” regardless of what that innovation foretells for our futures, both individually and as a nation. For the question remains, innovation of what and for whom? Harvard economist Joseph Schumpeter coined the phrase creative destruction to describe the process by which innovation creates new technologies, businesses, and jobs at the cost of the old.
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Think back to that scene in Girls where the heroine—a college graduate—gets turned down for a job frosting cupcakes because, well, she doesn’t express enough passion for frosting cupcakes. The skit is so funny because it rings so true. “Do what you love and you’ll never work another day in your life” is a sentiment we’ve all heard countless times. See, for example, Steve Jobs’s iconic commencement address at Stanford University: You’ve got to find what you love. And that is as true for your work as it is for your lovers. Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do.
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If you haven’t found it yet, keep looking. Don’t settle. As with all matters of the heart, you’ll know when you find it. And, like any great relationship, it just gets better and better as the years roll on. So keep looking until you find it. Don’t settle. “Don’t settle.” Okay, we know what this meant for Steve Jobs. But what does it really mean for the rest of us? That each and every one of us should throw off convention (and the advice of others) to become a self-made visionary of our own heroic futures? Yes, this is an enduring American fantasy, but a fantasy nonetheless. Most of us cannot begin to achieve this goal, which, if you think about it, is rather arbitrary.
Tools for Thought: The History and Future of Mind-Expanding Technology by Howard Rheingold
Ada Lovelace, Alan Turing: On Computable Numbers, with an Application to the Entscheidungsproblem, Bletchley Park, card file, cellular automata, Charles Babbage, Claude Shannon: information theory, combinatorial explosion, Compatible Time-Sharing System, computer age, Computer Lib, Computing Machinery and Intelligence, conceptual framework, Conway's Game of Life, Douglas Engelbart, Dynabook, experimental subject, Hacker Ethic, heat death of the universe, Howard Rheingold, human-factors engineering, interchangeable parts, invention of movable type, invention of the printing press, Ivan Sutherland, Jacquard loom, John von Neumann, knowledge worker, machine readable, Marshall McLuhan, Menlo Park, Neil Armstrong, Norbert Wiener, packet switching, pattern recognition, popular electronics, post-industrial society, Project Xanadu, RAND corporation, Robert Metcalfe, Silicon Valley, speech recognition, Steve Jobs, Steve Wozniak, Stewart Brand, Ted Nelson, telemarketer, The Home Computer Revolution, Turing machine, Turing test, Vannevar Bush, Von Neumann architecture
Charles Simonyi, by then in his early thirties, who was in charge of producing the word processing software for the Alto, left PARC to join Bill Gates, the twenty-seven-year-old chairman of Microsoft, a company that started out as a software supplier to the computer hobbyists in the Altair days of 1975, and is now the second-largest microcomputer software company in the world. Steve Jobs, chairman of Apple, then in his late twenties, visited PARC in 1979. He was given a demonstration of the Alto. Larry Tesler, the member of the PARC team that gave Jobs that demonstration, left PARC in 1980 and joined Apple's new secret project that Jobs promised would redefine the state of the art in personal computers. In 1983 Apple unveiled Lisa -- a machine that used a mouse, a bit-mapped screen, windows, and other features based on the Star-Alto-Smalltalk interface.
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Taylor is setting up another computer systems research center, this time under the auspices of the Digital Equipment Corporation, and is collecting people once again, this time for a research effort that will bring computing into the twenty-first century. Kay, at Atari, continued to steer toward the fantasy amplifier, despite the fact that their mother company was often described in the news media as "seriously troubled." It is fair to assume that he will continue to work toward the same goal in his new association with Steve Jobs, chairman of Apple and a computer visionary of a more entrepreneurial bent. The pioneers, although they are still at work, are not the final characters in the story of the computer quest. The next generations of innovators are already at work, and some of them are surprisingly young. Computer trailblazers in the past tended to make their marks early in life--a trend that seems to be continuing in the present.
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MITS had the usual problems associated with a successful start-up company. Roberts eventually sold it. In 1977, Commodore, Heathkit, and Radio Shack began marketing personal computers based on the interconnection method established by the Altair -- still known as the S100 bus. Steve Wozniak and Steve Jobs started selling Apples in 1977 and now are firmly established in the annals of Silicon Valley garage-workshop mythology -- the Hewlett and Packard of the seventies generation. Gates and Allen became Microsoft, Inc. Their company sold over $50 million worth of software to personal computer users in 1983. Microsoft is aiming for the hundred-million-dollar category, and Gates still has a couple more years before he reaches the age of thirty.
The Unusual Billionaires by Saurabh Mukherjea
Albert Einstein, asset light, Atul Gawande, backtesting, barriers to entry, Black-Scholes formula, book value, British Empire, business cycle, business intelligence, business process, buy and hold, call centre, Checklist Manifesto, commoditize, compound rate of return, corporate governance, dematerialisation, disintermediation, diversification, equity risk premium, financial innovation, forensic accounting, full employment, inventory management, low cost airline, low interest rates, Mahatma Gandhi, Peter Thiel, QR code, risk free rate, risk-adjusted returns, shareholder value, Silicon Valley, Steve Jobs, supply-chain management, The Wisdom of Crowds, transaction costs, upwardly mobile, Vilfredo Pareto, wealth creators, work culture
Used ubiquitously by global benchmarks like the Fortune 500, the yardstick of market capitalization appears to be the most common measure of greatness. After all, if the stock market is rational, the share price is the best possible measure of the value of the company. And higher the value, greater the company. Take Apple Inc. for instance. Apple is seen as the universally loved company that gave us fantastic products like the iPhone, iPod and iPad. Brought back from near collapse by its iconic founder, Steve Jobs, Apple’s products generate billions of dollars of revenue and is the world’s largest company by market capitalization. Similarly, in India, Tata Consultancy Services (TCS) is India’s largest company by market cap.
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In his 1993 classic, Foundations of Corporate Success, Kay uses the IBAS—or innovation, brands and reputation, architecture, strategic assets—framework to analyse a company’s competitive advantages. This framework forms the final section of our checklist and can be found in more detail in Appendix 1. • What is the company’s track record on innovation? Apple’s legendary founder, Steve Jobs, said, ‘Innovation distinguishes between a leader and a follower.’ Apple is renowned for its path-breaking innovative products starting from the Macintosh computers in the 1980s to today’s favourites like the iPhones and iPads. The world’s most famous prize for manufacturing excellence—the Deming Prize—is named after the American statistician, professor and author, W.
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It takes a new entrant into the Indian auto market many years, sometimes decades, to create a supply chain as efficient as this. That’s the power of architecture—it brings different companies together into a common network with a common goal in mind. Innovation ‘Some leaders push innovations by being good at the big picture. Others do so by mastering details. (Steve) Jobs did both, relentlessly.’—Walter Isaacson in Steve Jobs (2011). ‘Innovation is an obvious source of distinctive capability, but it is less often a sustainable or appropriable source because successful innovation quickly attracts imitation. Maintaining an advantage is most easily possible for those few innovations for which patent production is effective.
Tools of Titans: The Tactics, Routines, and Habits of Billionaires, Icons, and World-Class Performers by Timothy Ferriss
Abraham Maslow, Adam Curtis, Airbnb, Alexander Shulgin, Alvin Toffler, An Inconvenient Truth, artificial general intelligence, asset allocation, Atul Gawande, augmented reality, back-to-the-land, Ben Horowitz, Bernie Madoff, Bertrand Russell: In Praise of Idleness, Beryl Markham, billion-dollar mistake, Black Swan, Blue Bottle Coffee, Blue Ocean Strategy, blue-collar work, book value, Boris Johnson, Buckminster Fuller, business process, Cal Newport, call centre, caloric restriction, caloric restriction, Carl Icahn, Charles Lindbergh, Checklist Manifesto, cognitive bias, cognitive dissonance, Colonization of Mars, Columbine, commoditize, correlation does not imply causation, CRISPR, David Brooks, David Graeber, deal flow, digital rights, diversification, diversified portfolio, do what you love, Donald Trump, effective altruism, Elon Musk, fail fast, fake it until you make it, fault tolerance, fear of failure, Firefox, follow your passion, fulfillment center, future of work, Future Shock, Girl Boss, Google X / Alphabet X, growth hacking, Howard Zinn, Hugh Fearnley-Whittingstall, Jeff Bezos, job satisfaction, Johann Wolfgang von Goethe, John Markoff, Kevin Kelly, Kickstarter, Lao Tzu, lateral thinking, life extension, lifelogging, Mahatma Gandhi, Marc Andreessen, Mark Zuckerberg, Mason jar, Menlo Park, microdosing, Mikhail Gorbachev, MITM: man-in-the-middle, Neal Stephenson, Nelson Mandela, Nicholas Carr, Nick Bostrom, off-the-grid, optical character recognition, PageRank, Paradox of Choice, passive income, pattern recognition, Paul Graham, peer-to-peer, Peter H. Diamandis: Planetary Resources, Peter Singer: altruism, Peter Thiel, phenotype, PIHKAL and TIHKAL, post scarcity, post-work, power law, premature optimization, private spaceflight, QWERTY keyboard, Ralph Waldo Emerson, Ray Kurzweil, recommendation engine, rent-seeking, Richard Feynman, risk tolerance, Ronald Reagan, Salesforce, selection bias, sharing economy, side project, Silicon Valley, skunkworks, Skype, Snapchat, Snow Crash, social graph, software as a service, software is eating the world, stem cell, Stephen Hawking, Steve Jobs, Stewart Brand, superintelligent machines, TED Talk, Tesla Model S, The future is already here, the long tail, The Wisdom of Crowds, Thomas L Friedman, traumatic brain injury, trolley problem, vertical integration, Wall-E, Washington Consensus, We are as Gods, Whole Earth Catalog, Y Combinator, zero-sum game
ED: “This is the big misconception that people have, that [in the beginning] a new film is the baby version of the final film, when in fact the final film bears no relationship to what you started off with. What we’ve found is that the first version always sucks. I don’t mean this because I’m self-effacing or that we’re modest about it. I mean it in the sense that they really do suck.” The Incredible Strategic and Predictive Power of Steve Jobs “We went public one week after [Toy Story] went out. . . . Steve Jobs’s logic was that while he wanted us to go public—and he had some reasons for it which we were skeptical of, to be honest—he wanted to do it after the film came out to demonstrate for people that, in fact, a new art form was being born, and that was worth investing in. . . .”
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Related and Recommended Books Singing to the Plants: A Guide to Mestizo Shamanism in the Upper Amazon by Stephan V. Beyer. This book did not come up in the podcast, but it is the most comprehensive book related to ayahuasca that I’ve found. The Cosmic Serpent by Jeremy Narby Autobiography of a Yogi by Paramahansa Yogananda. This was one of the more impactful books that Dan read while living in the jungle. Steve Jobs had this book passed out to attendees at his funeral. The Journey Home: Autobiography of an American Swami by Radhanath Swami Ibogaine Explained by Peter Frank Tryptamine Palace: 5-MeO-DMT and the Sonoran Desert Toad by James Oroc. Martin considers this a fantastic read because it looks at the 5-MeO-DMT experience from a Buddhist and Hindu perspective.
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It worked. He got a front-row seat to the highest levels of Google and soon became a fixture in those meetings. Cowboy Shirts Chris is known for wearing somewhat ridiculous cowboy shirts. They’ve become his signature style. Here’s a bit more context, from a Forbes profile of Chris by Alex Konrad: “Steve Jobs had his black turtleneck. Chris Sacca has his embroidered cowboy shirt. He bought his first one, impulsively, at the Reno airport en route to a speech, and the reaction prompted him to buy out half the store on his return.” He likes the brands Scully and Rockmount. A good place to look at a wide selection is VintageWesternWear.com.
Power Play: Tesla, Elon Musk, and the Bet of the Century by Tim Higgins
air freight, asset light, autonomous vehicles, big-box store, call centre, Colonization of Mars, coronavirus, corporate governance, COVID-19, Donald Trump, electricity market, Elon Musk, family office, Ford Model T, gigafactory, global pandemic, Henry Ford's grandson gave labor union leader Walter Reuther a tour of the company’s new, automated factory…, Jeff Bezos, Jeffrey Epstein, junk bonds, Larry Ellison, low earth orbit, Lyft, margin call, Mark Zuckerberg, Masayoshi Son, Menlo Park, Michael Milken, paypal mafia, ride hailing / ride sharing, Sand Hill Road, self-driving car, Sheryl Sandberg, short selling, side project, Silicon Valley, Silicon Valley startup, skunkworks, SoftBank, Solyndra, sovereign wealth fund, stealth mode startup, Steve Jobs, Steve Jurvetson, Tesla Model S, Tim Cook: Apple, Travis Kalanick, Uber for X, uber lyft, vertical integration
He wanted to be CEO of Apple. Cook, who since Steve Jobs’s death had shepherded Apple into the most valuable publicly traded company in the world, was gobsmacked by the request. “Fuck you,” Cook said, in Musk’s telling, before hanging up. (Apple declined to comment on the record.)*3 Whether or not this was an accurate recounting, it’s hard to imagine Musk was serious about wanting to be CEO of Apple. Rather, the story played into Musk’s vision of Tesla becoming on par with Apple. It also served a more immediate purpose: It told those senior managers hoping for salvation from Apple to think again.
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He and his wife were looking forward to an early retirement, enjoying some Florida sunshine. An unexpected call from Steve Jobs at Apple, however, changed the course of things. Blankenship joined the tech company ahead of the release of the first iPod, as Jobs was moving into a company-owned retail store strategy. He met with Jobs every Tuesday morning for three hours, plotting out what the Apple Store shopping experience would be like. He’d scout out locations across the country that were uniquely “Apple.” He helped open more than 150 of the company’s now-iconic stores before semi-retiring, settling this time into the world of consulting.
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He had cut his engineering teeth at Ford Motor after graduating from Purdue University in 1987, then departed in frustration with the automaker’s culture. He’d been assigned to study competing Lexus and BMW cars and in doing so realized it would be a long time before Ford could compete. He’d gone on to Segway, where he oversaw an electric scooter that was before its time, before he was recruited to Steve Jobs’s Apple. As Straubel watched Musk courting Field, he knew Field would be brought in with the promise that he could oversee Model 3 development. Straubel would need something new. The Gigafactory, then, would allow him to build his own empire. Just as he had solved the critical problem that made a lithium-ion-powered electric car work, he would tackle the biggest issue keeping electric cars from going mainstream: cost
The Snowden Files: The Inside Story of the World's Most Wanted Man by Luke Harding
affirmative action, air gap, airport security, Anton Chekhov, Apple's 1984 Super Bowl advert, Berlin Wall, Big Tech, Bletchley Park, Chelsea Manning, disinformation, don't be evil, drone strike, Edward Snowden, Etonian, Firefox, Google Earth, information security, Jacob Appelbaum, job-hopping, Julian Assange, Khan Academy, kremlinology, Laura Poitras, Mark Zuckerberg, Maui Hawaii, MITM: man-in-the-middle, national security letter, operational security, Panopticon Jeremy Bentham, pre–internet, Ralph Waldo Emerson, rolodex, Rubik’s Cube, Silicon Valley, Skype, social graph, Steve Jobs, TechCrunch disrupt, undersea cable, web application, WikiLeaks
To accompany the launch of the Macintosh in 1984, Steve Jobs created an advert that would captivate the world. It would take the theme of George Orwell’s celebrated dystopian novel and recast it – with Apple as Winston Smith. His plucky company would fight the tyranny of Big Brother. As Walter Isaacson recounts in his biography of Jobs, the Apple founder was a child of the counterculture. He practised Zen Buddhism, smoked pot, walked around barefoot and pursued faddish vegetarian diets. He embodied the ‘fusion of flower power and processor power’. Even as Apple grew into a multi-billion dollar corporation, Jobs continued to identify with computing’s early subversives and long-haired pioneers – the hackers, pirates, geeks and freaks that made the future possible.
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Together with GCHQ, the NSA had secretly attached intercepts to the undersea fibre-optic cables that ringed the world. This allowed the US and UK to read much of the globe’s communications. Secret courts were compelling telecoms providers to hand over data. What’s more, pretty much all of Silicon Valley was involved with the NSA, Snowden said – Google, Microsoft, Facebook, even Steve Jobs’s Apple. The NSA claimed it had ‘direct access’ to the tech giants’ servers. While giving themselves unprecedented surveillance powers, the US intelligence community was concealing the truth about its activities, Snowden said. If James Clapper, the director of national intelligence, had deliberately lied to Congress about the NSA’s programs, he had committed a felony.
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The zombies were the public, unaware that the iPhone offered the spy agency new snooping capabilities beyond the imagination of the original Big Brother. The ‘paying customers’ had become Orwell’s mindless drones. For anyone who thought the digital age was about creative expression and flower power, the presentation was a shocker, and an insult to Steve Jobs’s vision. It threw dirt on the hippy kaftan and trampled on the tambourine. The identity of the NSA’s analyst is unknown. But the view appeared to reflect the thinking of an agency that in the aftermath of 9/11 grew arrogant and unaccountable. Snowden called the NSA ‘self-certifying’. In the debate over who ruled the internet, the NSA provided a dismaying answer: ‘We do.’
The Alliance: Managing Talent in the Networked Age by Reid Hoffman, Ben Casnocha, Chris Yeh
Airbnb, Amazon Web Services, centralized clearinghouse, cloud computing, disruptive innovation, Jeff Bezos, Jony Ive, Larry Ellison, Marc Andreessen, new economy, pre–internet, Salesforce, Sheryl Sandberg, Silicon Valley, Silicon Valley startup, software as a service, Steve Jobs
Establishing a corporate alumni network, which requires relatively little investment, is the next logical step in maintaining a relationship of mutual trust, mutual investment, and mutual benefit in an era where lifetime employment is no longer the norm. Both companies and employees benefit from continuing the alliance. When a company is thriving, its alumni look good. For example, when Apple was struggling, no one wanted Apple alumni. Today, Apple alumni are sought after, even those who, like Reid, worked at Apple before Steve Jobs’s triumphant return in 1997. Meanwhile, when a company’s alumni are thriving professionally, that network becomes a valuable asset that helps the company. For example, much of McKinsey’s luster and business comes from its powerful alumni network, which provides network intelligence, candidate referrals, and even sales.
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The rationale for his dismissal: he was too distracted with his crazy ideas. Like many with the founder mind-set, Lasseter refused to give up on his dream. He joined George Lucas’s Lucasfilm, where he pursued computer animation as a member of Ed Catmull’s computer division. A few years later, Lucas sold the then-unprofitable division to Steve Jobs, who named the resulting company Pixar. And in 1995, Pixar partnered with Disney to release the world’s first computer-animated feature film, Toy Story. In 2006, eleven years after Toy Story was released and twenty-three years after Lasseter was fired, Disney realized it had made a mistake by rejecting computer animation and ended up bringing Lasseter back.
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We want to help people develop different skill sets that can help them and us.” Here in Silicon Valley, Cisco’s Talent Connection program, which helps current employees find new opportunities within Cisco, increased employees’ satisfaction with career development by almost 20 percent.3 Foundational Jony Ive at Apple. Fred Smith at FedEx. Ginni Rometty at IBM. These are people whose lives are fundamentally intertwined with their companies. These are people on a Foundational tour of duty. Exceptional alignment of employer and employee is the hallmark of a Foundational tour. (We’ll discuss the concept of alignment in more detail in chapter 3.)
You Are Here: From the Compass to GPS, the History and Future of How We Find Ourselves by Hiawatha Bray
A Declaration of the Independence of Cyberspace, Albert Einstein, Big bang: deregulation of the City of London, bitcoin, Boeing 747, British Empire, call centre, Charles Lindbergh, crowdsourcing, Dava Sobel, digital map, don't be evil, Easter island, Edmond Halley, Edward Snowden, Firefox, game design, Google Earth, GPS: selective availability, Hedy Lamarr / George Antheil, Isaac Newton, job automation, John Harrison: Longitude, John Perry Barlow, John Snow's cholera map, Korean Air Lines Flight 007, license plate recognition, lone genius, openstreetmap, polynesian navigation, popular electronics, RAND corporation, RFID, Ronald Reagan, Silicon Valley, Steve Jobs, Steven Levy, Thales of Miletus, trade route, turn-by-turn navigation, uranium enrichment, urban planning, Zipcar
In the meantime, the creation of Loki bore fruit during an early-2007 meeting between Mike Shean and Bob Borchers, a Stanford-trained engineer and an executive at Apple. Nothing seemed to come of the meeting, but six months later Morgan got a call from Borchers. Borchers asked if it would be possible to run Loki on a MacBook for a demo. He did not elaborate, but Morgan knew that Apple would soon have one of its regular meetings in which senior executives would pitch new product ideas to Steve Jobs. Skyhook had created a version of Loki for Apple’s Mac computers a few months earlier, but it was not good enough for Borchers. He had seen Loki run as an add-on program for the Firefox Internet browser, but worried that Jobs might reject a browser-based program not running on Apple’s own browser, Safari.
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It was a good first step, but the new technology also needed a champion, a company that would back wireless networking with capital and prestige. It is not stretching the facts too far to say that the wireless Internet was born on a stage in New York City on July 21, 1999. Steve Jobs, chief executive of Apple, passed his company’s newest laptop computer through a hula hoop while it downloaded Web pages live from the Internet. The thousands of guests at the Macworld trade show responded with roars of rapturous laughter. Message received: Look, Ma—no cables. Apple’s new laptop computer would feature built-in Wi-Fi. In Austin, Texas, Michael Dell was unhappy. The founder of Dell Computer, at the time the world’s leading maker of personal computers, was well aware of the possibilities of wireless networking.
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He flew to the location with a Skyhook wardriving kit, rented a car, and drove throughout the area to make sure it was thoroughly mapped. The demo was a huge success. A few days later, Morgan checked the voice mail on his cell phone, listened for a few seconds, and hit the delete button. Obviously, it was a prank call. He knew one of Mike’s friends was a commercial voice-over artist and surely able to imitate Steve Jobs’s voice. Luckily, he had second thoughts and quickly undeleted the message. In fact, Jobs himself had phoned Morgan because he believed Skyhook could solve a nagging problem with its newest product, the iPhone. Given the remarkable capabilities of today’s iPhones, it is easy to forget that the original version, which went on sale in June 2007, suffered from some surprising limitations.
App Kid: How a Child of Immigrants Grabbed a Piece of the American Dream by Michael Sayman
airport security, augmented reality, Bernie Sanders, Big Tech, Cambridge Analytica, data science, Day of the Dead, fake news, Frank Gehry, Google bus, Google Chrome, Google Hangouts, Googley, hacker house, imposter syndrome, Khan Academy, Marc Benioff, Mark Zuckerberg, Menlo Park, microaggression, move fast and break things, Salesforce, San Francisco homelessness, self-driving car, Sheryl Sandberg, Silicon Valley, skeuomorphism, Snapchat, Steve Jobs, tech worker, the High Line, TikTok, Tim Cook: Apple
I gravitated toward technology—a stereotypically male pursuit—and my sister took little interest in it. She definitely didn’t share my passion for anything and everything Apple. * * * — My lust for the Apple brand hit its apex when I was ten years old, on January 9, 2007, the day Steve Jobs announced the first iPhone. “Look! It’s happening!” I pulled my mom by the hand from the couch to the old Dell to watch the momentous event on YouTube. “The iPhone is launching!” My mom snickered and shook her head. My dad jumped in: “Apple products are so impractical—incompatible with everything! You really want that?” I nodded my head vigorously.
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Nor were the YouTube commercials I created, “commercials” for my website to YouTube and linked back to my Club Penguin blog. It still wasn’t working, so I knew I needed to come up with another way to make my Club Penguin blog a success. A year earlier, Apple had announced something new for the iPhone—the App Store. Now people could build apps on their iPhones and distribute them through the store. In launching the App Store, Steve Jobs had said anyone could make an app and sell it. I hadn’t given much thought to the announcement. But now, lying around my uncle’s house with plenty of time to think, I realized that I could make a mobile app to promote my Club Penguin blog!
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The game itself was still not available on mobile, so I figured this was my opportunity to grab all the Club Penguin searches at the App Store. It would be a way for me to make my mark on the Club Penguin world, sharing the kinds of tips that were popular on Club Penguin fan sites, including the one I’d launched myself. I had no idea how to go about making an app, but if Steve Jobs said it was easy, then I was going to figure out how to do it. I started Googling. By the end of January, I had a working app, and it felt valuable. Before I could submit it to the App Store, I had to purchase a developer license, which cost $100. So, I approached my parents, even though by that point things had gotten so bad they were in no position to help me.
The Hacker and the State: Cyber Attacks and the New Normal of Geopolitics by Ben Buchanan
active measures, air gap, Bernie Sanders, bitcoin, blockchain, borderless world, Brian Krebs, British Empire, Cass Sunstein, citizen journalism, Citizen Lab, credit crunch, cryptocurrency, cuban missile crisis, data acquisition, disinformation, Donald Trump, drone strike, Edward Snowden, fake news, family office, Hacker News, hive mind, information security, Internet Archive, Jacob Appelbaum, John Markoff, John von Neumann, Julian Assange, Kevin Roose, Kickstarter, kremlinology, Laura Poitras, MITM: man-in-the-middle, Nate Silver, operational security, post-truth, profit motive, RAND corporation, ransomware, risk tolerance, Robert Hanssen: Double agent, rolodex, Ronald Reagan, Russian election interference, seminal paper, Silicon Valley, South China Sea, Steve Jobs, Stuxnet, subscription business, technoutopianism, undersea cable, uranium enrichment, Vladimir Vetrov: Farewell Dossier, Wargames Reagan, WikiLeaks, zero day
Kevin Roose, “Even More Sony Pictures Data Is Leaked: Scripts, Box Office Projections, and Brad Pitt’s Phone Number,” Splinter News, December 8, 2014. 41. Sam Biddle, “Leaked: The Nightmare Email Drama behind Sony’s Steve Jobs Disaster,” Gawker, December 9, 2014. 42. Seal, “An Exclusive Look at Sony’s Hacking Saga.” 43. Matthew Zeitlin, “Leaked Emails Suggest Maureen Dowd Promised to Show Sony Exec’s Husband Column before Publication,” Buzzfeed, December 12, 2014. 44. Margaret Sullivan, “Hacked Emails, ‘Air-Kissing’—and Two Firm Denials,” New York Times, December 12, 2014. 45. For two examples, see Biddle, “Leaked: The Nightmare Email Drama behind Sony’s Steve Jobs Disaster”; Zeitlin, “Leaked Emails Suggest Maureen Dowd Promised to Show Sony Exec’s Husband Column before Publication.” 46.
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The opinions of Pascal and some of her colleagues—often expressed in blunt, irreverent, or rushed ways, with the expectation that messages would be received in confidence—were exposed for all to see. For all those who wondered what happened behind the closed doors of a Hollywood movie studio, the airing of Pascal’s messages was a salacious gift. The unvarnished emails were revealing and often unkind. In the midst of heated negotiations over a Steve Jobs biopic with a screenplay by famed writer Aaron Sorkin, producer Scott Rudin called movie star Angelina Jolie a “minimally talented spoiled brat” with a “rampaging spoiled ego.” Pascal labeled Leonardo DiCaprio’s behavior “despicable.” Other Hollywood machinations leaked out into view, including Pascal’s attempts to get the fierce and often profane Rudin to help fend off a fight over acclaimed director David Fincher.41 Another email exchange between the two featured racially charged comments, as they joked that Pascal might ask President Barack Obama, whom she was about to see at a fundraiser, if he liked Django Unchained, 12 Years a Slave, or The Butler—all films with African-American stars.42 Other leaked emails included messages between Pascal and her husband, Bernard Weinraub, formerly a New York Times journalist.
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For two examples, see Biddle, “Leaked: The Nightmare Email Drama behind Sony’s Steve Jobs Disaster”; Zeitlin, “Leaked Emails Suggest Maureen Dowd Promised to Show Sony Exec’s Husband Column before Publication.” 46. Pascal’s dismissal was likely for reasons beyond just the email leaks. For examples of the news coverage, see Michael Cieply and Brooks Barnes, “Sony Hack Reveals Email Crossfire over Angelina Jolie and Steve Jobs Movie,” New York Times, December 10, 2014; Ben Fritz, “Hack of Amy Pascal Emails at Sony Pictures Stuns Industry,” Wall Street Journal, December 11, 2014; Amy Kaufman, “The Embarrassing Emails That Preceded Amy Pascal’s Resignation,” Los Angeles Times, February 5, 2015. 47. Aaron Sorkin, “The Sony Hack and the Yellow Press,” New York Times, December 14, 2014. 48.
Slide:ology: the art and science of creating great presentations by Nancy Duarte
An Inconvenient Truth, fear of failure, Isaac Newton, Menlo Park, Silicon Valley, Steve Jobs, telepresence, web application, work culture
Slides are thus stranded in a no man’s land where the general population doesn’t know how to effectively produce or deliver them. Yet when a presentation is developed and delivered well, it is one of our most powerful communication tools in the world. Just look at the tipping point Al Gore created for climate change because of his slide show, or the frenzied anticipation when Steve Jobs unveils new products. We can keep blaming the software for the putrid output, but in reality we need to take responsibility. As communicators, learning to create visual stories that connect with our audience is becoming imperative—especially in light of global competitive pressure. This book covers how to create ideas, translate them into pictures, display them well, and then deliver them in your own natural way.
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Using Visual Elements: Background, Color, and Text 145 Typesetting If you plan to use large words by themselves or combine them with an image, take the time to typeset the text. In the same way that grammar and punctuation errors can distract some of your audience, typographic laziness can irk those with right-brain tendencies. Case in point: Steve Jobs built typesetting features into the very first Mac because he considered his users and had the foresight to see the importance of typesetting. Smart and innovative people do their homework. And these are the people you want as clients. So spend a few moments typesetting. You never know who’s in the audience.
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Steve Weiss Sara Peyton Dennis Fitzgerald Suzanne Caballero O’REILLY Dan Brodnitz Judy Walthers von Alten Bert Decker Bob Horne Catherine Nunes Cliff Atkinson Jennifer Van Sijll Jerry Weissman Jim Endicott Ron Ricci Stephen Few Judy Hansen Andrey Webb Paula Breen Elaine Cummings Mark Sarpa Print HQ VISTAGE 3194 Barbara Bates Eastwick Ashley Wilkinson INFLUENCED THE BOOK Garr Raynolds WE ♥ OUR CLIENTS Sheri Benjamin Cathy Deb Donna John Marco Matt Ron Sandy FRIENDS They say that if you have just five deep friendships in life you’re a rich person. Well then, I’m filthy rich. Adobe Al Gore Apple Chick-Fil-A Cisco Citrix Department of Energy Electronic Arts Food Network Google Hewlett Packard HGTV Intel Intuit Logitech Kleiner Perkins Medtronic Microsoft Mozilla NetIQ NOAA Nortel Patagonia Pfizer SAP SunPower Symantec TiVo Vantage Point WebEx Wells Fargo William McDonough Nancy Duarte Principal/ CEO Duarte Mark Duarte CFO, Duarte You’ve been a beloved friend who loves me consistently no matter what.
My Start-Up Life: What A by Ben Casnocha, Marc Benioff
affirmative action, Albert Einstein, barriers to entry, Bonfire of the Vanities, business process, call centre, coherent worldview, creative destruction, David Brooks, David Sedaris, Do you want to sell sugared water for the rest of your life?, don't be evil, fear of failure, hiring and firing, independent contractor, index fund, informal economy, Jeff Bezos, Joan Didion, Lao Tzu, Larry Ellison, Marc Benioff, Menlo Park, open immigration, Paul Graham, place-making, public intellectual, Ralph Waldo Emerson, Salesforce, Sand Hill Road, side project, Silicon Valley, social intelligence, SoftBank, Steve Jobs, Steven Pinker, superconnector, technology bubble, traffic fines, Tyler Cowen, Year of Magical Thinking
CHAPTER 16.0 Fulfilling the Mission, One Customer at a Time Many persons have a wrong idea of what constitutes true happiness. It is not attained through self-gratification, but through fidelity to a purpose. HELEN KELLER Apple CEO Steve Jobs famously asked the then-Pepsi executive John Sculley in the mid-eighties, “Do you want to sell sugared water all your life or do you want to change the world?” Apple Computer is undoubtedly changing the world, but Comcate? The journey toward changing the world starts with a single person. . . . >> In late 2005 I received a phone call from Jack in Burgon Hills. If you recall, Jack was the resistant employee who didn’t want to change his ways while I oversaw one of the first eFeedbackManager implementations.
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For example, when I want to communicate the idea of “low-risk” I include a picture of a girl jumping into a pool where her mother will catch her. For “ease of use” I use an image of the Google homepage. Keep in mind that the presenters who come across as the most natural and relaxed are the ones who put in the most energy beforehand. Steve Jobs looks totally at ease on stage at the Macworld conferences, but according to many Apple insiders, he obsesses about it for weeks in advance. Never let yourself (or the audience) down. Take presentations seriously. meeting and find out who would be coming. In a perfect world, the first meeting would be the “c-level executive” (city manager), his or her assistant, and the IT director.
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The friends and family investment pool allowed us to recruit a person who would be willing to start at a base salary of $90K plus stock options, bonuses, and commissions. While this kind of salary package would put its recipient far above most American wage earners, it is actually pretty darn low when you’re talking about Alist CEOs. So we knew that we weren’t going to get the next Jack Welch, Steve Jobs, or Meg Whitman. Next, we had to spread the word as far and wide as possible. We posted the job opportunity on HotJobs.com and on the local universities’ alumni job boards. I received more than two hundred emails from serious people who fired in their resumes and cover letters. Most candidates didn’t seem to know my age.
Running Money by Andy Kessler
Alan Greenspan, Andy Kessler, Apple II, bioinformatics, Bob Noyce, British Empire, business intelligence, buy and hold, buy low sell high, call centre, Charles Babbage, Corn Laws, cotton gin, Douglas Engelbart, Fairchild Semiconductor, family office, flying shuttle, full employment, General Magic , George Gilder, happiness index / gross national happiness, interest rate swap, invisible hand, James Hargreaves, James Watt: steam engine, joint-stock company, joint-stock limited liability company, junk bonds, knowledge worker, Leonard Kleinrock, Long Term Capital Management, mail merge, Marc Andreessen, margin call, market bubble, Mary Meeker, Maui Hawaii, Menlo Park, Metcalfe’s law, Michael Milken, Mitch Kapor, Network effects, packet switching, pattern recognition, pets.com, railway mania, risk tolerance, Robert Metcalfe, Sand Hill Road, Silicon Valley, South China Sea, spinning jenny, Steve Jobs, Steve Wozniak, Suez canal 1869, Toyota Production System, TSMC, UUNET, zero-sum game
He quickly pulled up his sleeve and pointed to a Microma watch on his wrist and told me he wore it often to remind himself to never be that stupid again. Intel’s lesson: make the intellectual property, not the end product. The cool thing about a computer on a chip is you can start a computer company without knowing much about computers. Steve Jobs and Steve Wozniak created Apple Computer without knowing that much. Wozniak had to write some software to get data on and off a floppy disk drive, which no one else had, and their Apple I became a hit. IBM knew lots about how to milk big bucks out of big computers, but nothing about microprocessors. So a stealth group in Florida contracted out the work, creating a Frankensteinlike IBM PC in 1981, using an Intel microprocessor, Microsoft software and a Western Digital disk controller.
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“Well, that VA hospital half a mile from here, at Willow and 101, is where Ken Kesey wrote One Flew Over the Cuckoo’s Nest. Something may have spilled in the water.” “Not funny. Especially from you, Mr. Tech Investor.” “What do you mean?” “Everything you use today on your PC, Doug Engelbart demo’ed 30 years ago.” “Like what?” “Like the mouse.” “I thought that was Steve Jobs.” “Nope.” “OK, I was just kidding. Jobs stole it from Xerox PARC.” “Wrong again. It was Doug’s.” “What else?” “Hypertext.” “I thought that was that whacky Xanadu guy, Nelson something or other.” “Wrong again, sport Doug. Oh my god, here he comes!” Sharon exclaimed. “I just wanted to thank you for inviting me.
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A quick Web search the next day for Doug Engelbart pulled up a bunch of news stories. There was a picture of him getting some sort of medal from Bill Clinton. Hey, that’s pretty cool. It was for scientific achievement or some such thing. I scanned the article, and it wasn’t until the last paragraph that I read that Doug Engelbart invented the mouse. So, it really wasn’t Steve Jobs. Almost every other article described a meeting of the American Federation of Information Processing Societies’ Fall Joint Computer Conference held in San Francisco. Sounded like a real riproaring conference. I’m sorry I missed it. Except it was held on December 5, 1968. 120 Running Money At the time, Frisco was tripping at Haight and Ashbury, free love, cheap dope, flower children, hippies, war protesters, Jimi Hendrix at the Fillmore.
The Organized Mind: Thinking Straight in the Age of Information Overload by Daniel J. Levitin
Abraham Maslow, airport security, Albert Einstein, Amazon Mechanical Turk, Anton Chekhov, autism spectrum disorder, Bayesian statistics, behavioural economics, big-box store, business process, call centre, Claude Shannon: information theory, cloud computing, cognitive bias, cognitive load, complexity theory, computer vision, conceptual framework, correlation does not imply causation, crowdsourcing, cuban missile crisis, Daniel Kahneman / Amos Tversky, data science, deep learning, delayed gratification, Donald Trump, en.wikipedia.org, epigenetics, Eratosthenes, Exxon Valdez, framing effect, friendly fire, fundamental attribution error, Golden Gate Park, Google Glasses, GPS: selective availability, haute cuisine, How many piano tuners are there in Chicago?, human-factors engineering, if you see hoof prints, think horses—not zebras, impulse control, index card, indoor plumbing, information retrieval, information security, invention of writing, iterative process, jimmy wales, job satisfaction, Kickstarter, language acquisition, Lewis Mumford, life extension, longitudinal study, meta-analysis, more computing power than Apollo, Network effects, new economy, Nicholas Carr, optical character recognition, Pareto efficiency, pattern recognition, phenotype, placebo effect, pre–internet, profit motive, randomized controlled trial, Rubik’s Cube, Salesforce, shared worldview, Sheryl Sandberg, Skype, Snapchat, social intelligence, statistical model, Steve Jobs, supply-chain management, the scientific method, The Wealth of Nations by Adam Smith, The Wisdom of Crowds, theory of mind, Thomas Bayes, traumatic brain injury, Turing test, Twitter Arab Spring, ultimatum game, Wayback Machine, zero-sum game
plural of anecdote is not data Sechrest, L., & Pitz, D. (1987). Commentary: Measuring the effectiveness of heart transplant programmes. Journal of Chronic Diseases, 40(Suppl. 1), 155S–158S. Steve Jobs . . . rejected surgery Quora. (n.d). Why did Steve Jobs choose not to effectively treat his cancer? Retrieved from http://www.quora.com/Steve-Jobs/Why-did-Steve-Jobs-choose-not-to-effectively-treat-his-cancer and, Walton, A. G. (2011, October 24). Steve Jobs’ cancer treatment regrets. Forbes. (NIH) has set up a division National Center for Complementary and Alternative Medicine (NCCAM). (n.d.). Retrieved from http://nccam.nih.gov/ people who benefit from alternative therapies See, for example, Garg, S.
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Most scientific findings begin with a simple observation, often serendipitous, that is followed up with careful study; think Newton’s apple or Archimedes displacing the water in his bathtub. Lying in wait within “alternative medicine” may well be a cure for cancer or other ailments. Research is under way in hundreds of laboratories throughout the world testing herbal preparations, alternative medicines and therapies. But until they are shown to be effective, they carry the danger that they may cause patients to delay seeking treatments that have been shown to work, and consequently delay a cure sometimes beyond the point of no return. This is what happened to Steve Jobs—he rejected surgery to follow an alternative regime of acupuncture, dietary supplements, and juices that he later realized didn’t work and that delayed the conventional treatment that experts say would probably have prolonged his life.
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Great leaders can turn competitors into allies. Norbert Reithofer, CEO of BMW, and Akio Toyoda, CEO of Toyota—clearly competitors—launched a collaboration in 2011 to create an environmentally friendly luxury vehicle and a midsize sports car. The on-again, off-again partnership and strategic alliance between Steve Jobs at Apple and Bill Gates at Microsoft strengthened both companies and allowed them to better serve their customers. As is obvious from the rash of corporate scandals in the United States over the last twenty years, negative leadership can be toxic, resulting in the collapse of companies or the loss of reputation and resources.
The End of Ownership: Personal Property in the Digital Economy by Aaron Perzanowski, Jason Schultz
3D printing, Airbnb, anti-communist, barriers to entry, behavioural economics, bitcoin, blockchain, carbon footprint, cloud computing, conceptual framework, crowdsourcing, cryptocurrency, Donald Trump, Eben Moglen, Edward Snowden, en.wikipedia.org, endowment effect, Firefox, Free Software Foundation, general purpose technology, gentrification, George Akerlof, Hush-A-Phone, independent contractor, information asymmetry, intangible asset, Internet Archive, Internet of things, Isaac Newton, it's over 9,000, loss aversion, Marc Andreessen, means of production, minimum wage unemployment, new economy, Open Library, Paradox of Choice, peer-to-peer, price discrimination, Richard Thaler, ride hailing / ride sharing, rolodex, self-driving car, sharing economy, Silicon Valley, software as a service, software patent, software studies, speech recognition, Steve Jobs, subscription business, telemarketer, the long tail, The Market for Lemons, Tony Fadell, transaction costs, winner-take-all economy
Jailbreaking Is Not a Crime The exact origin of the Internet of Things is difficult to pinpoint, but one significant moment in its early history was the introduction of the iPhone on January 9, 2007. Steve Jobs told the assembled crowd, “Today, Apple is going to reinvent the phone.”10 He proceeded to wow them with “a revolutionary mobile phone, a widescreen iPod with touch controls, and a breakthrough Internet communications device” combined in a single product.11 But like nearly every Apple product, the user experience was carefully choreographed and tightly controlled. iPhone users could only run Apple’s iOS. They could only configure the settings Apple allowed them to access. They could only use Apple-approved mobile carriers. And they could only run the applications Apple provided.
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The market rewards publishers who abandon DRM and punishes those who insist on it.16 This rise and fall of DRM for digital music downloads is instructive. When Apple launched the iTunes Music Store, the first licensed digital music download store to feature content from the major labels, every track was wrapped in its FairPlay DRM. To hear Steve Jobs tell it, the labels insisted on DRM, and Apple played along. As he wrote in his widely circulated open letter, Thoughts on Music: “When Apple approached these companies to license their music to distribute legally over the Internet, they were extremely cautious and required Apple to protect their music from being illegally copied. The solution was to create a DRM system, which envelopes each song purchased from the iTunes store in special and secret software so that it cannot be played on unauthorized devices.”17 If that’s the case, the labels came to regret their insistence once they discovered that DRM benefitted Apple much more than it did copyright holders.
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See Tim Anderson, “How Apple Is Changing DRM,” Guardian (UK), May 15, 2008, http://www.theguardian.com/technology/2008/may/15/drm.apple, accessed September 5, 2015. 16. Timothy Geigner, “The Full Counter-Argument to Game Studios Claiming a Need for DRM: The Witcher 3,” Techdirt, August 31, 2015, https://www.techdirt.com/articles/20150827/05171032075/full-counter-argument-to-game-studios-claiming-need-drm-witcher-3.shtml, accessed November 20, 2015. 17. Steve Jobs, “Thoughts on Music,” Apple, Inc., February 6, 2007, https://web.archive.org/web/20070207234839/http://www.apple.com/hotnews/thoughtsonmusic/, accessed September 5, 2015. 18.
You Are Not a Gadget by Jaron Lanier
1960s counterculture, Abraham Maslow, accounting loophole / creative accounting, additive manufacturing, Albert Einstein, Bear Stearns, call centre, cloud computing, commoditize, crowdsourcing, death of newspapers, different worldview, digital Maoism, Douglas Hofstadter, Extropian, follow your passion, General Magic , hive mind, Internet Archive, Jaron Lanier, jimmy wales, John Conway, John Perry Barlow, John von Neumann, Kevin Kelly, Long Term Capital Management, Neal Stephenson, Network effects, new economy, packet switching, PageRank, pattern recognition, Ponzi scheme, Project Xanadu, Ray Kurzweil, Richard Stallman, Savings and loan crisis, Silicon Valley, Silicon Valley startup, slashdot, social graph, stem cell, Steve Jobs, Stewart Brand, Stuart Kauffman, synthetic biology, technological determinism, Ted Nelson, telemarketer, telepresence, the long tail, The Wisdom of Crowds, trickle-down economics, Turing test, Vernor Vinge, Whole Earth Catalog
If you had dropped in on, say, me and John Perry Barlow, who would become a cofounder of the Electronic Frontier Foundation, or Kevin Kelly, who would become the founding editor of Wired magazine, for lunch in the 1980s, these are the sorts of ideas we were bouncing around and arguing about. Ideals are important in the world of technology, but the mechanism by which ideals influence events is different than in other spheres of life. Technologists don’t use persuasion to influence you—or, at least, we don’t do it very well. There are a few master communicators among us (like Steve Jobs), but for the most part we aren’t particularly seductive. We make up extensions to your being, like remote eyes and ears (web-cams and mobile phones) and expanded memory (the world of details you can search for online). These become the structures by which you connect to the world and other people.
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The first design for something like the World Wide Web, Ted Nelson’s Xanadu, conceived of one giant, global file, for instance. The first iteration of the Macintosh, which never shipped, didn’t have files. Instead, the whole of a user’s productivity accumulated in one big structure, sort of like a singular personal web page. Steve Jobs took the Mac project over from the fellow who started it, the late Jef Raskin, and soon files appeared. UNIX had files; the Mac as it shipped had files; Windows had files. Files are now part of life; we teach the idea of a file to computer science students as if it were part of nature. In fact, our conception of files may be more persistent than our ideas about nature.
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Some other examples are the iPhone, the Pixar movies, and all the other beloved successes of digital culture that involve innovation in the result as opposed to the ideology of creation. In each case, these are personal expressions. True, they often involve large groups of collaborators, but there is always a central personal vision—a Will Wright, a Steve Jobs, or a Brad Bird conceiving the vision and directing a team of people earning salaries. * LISP, conceived in 1958, made programming a computer look approximately like writing mathematical expressions. It was a huge hit in the crossover world between math and computer science starting in the 1960s.
Peers Inc: How People and Platforms Are Inventing the Collaborative Economy and Reinventing Capitalism by Robin Chase
Airbnb, Amazon Web Services, Andy Kessler, Anthropocene, Apollo 13, banking crisis, barriers to entry, basic income, Benevolent Dictator For Life (BDFL), bike sharing, bitcoin, blockchain, Burning Man, business climate, call centre, car-free, carbon tax, circular economy, cloud computing, collaborative consumption, collaborative economy, collective bargaining, commoditize, congestion charging, creative destruction, crowdsourcing, cryptocurrency, data science, deal flow, decarbonisation, different worldview, do-ocracy, don't be evil, Donald Shoup, Elon Musk, en.wikipedia.org, Ethereum, ethereum blockchain, Eyjafjallajökull, Ferguson, Missouri, Firefox, Free Software Foundation, frictionless, Gini coefficient, GPS: selective availability, high-speed rail, hive mind, income inequality, independent contractor, index fund, informal economy, Intergovernmental Panel on Climate Change (IPCC), Internet of things, Jane Jacobs, Jeff Bezos, jimmy wales, job satisfaction, Kickstarter, Kinder Surprise, language acquisition, Larry Ellison, Lean Startup, low interest rates, Lyft, machine readable, means of production, megacity, Minecraft, minimum viable product, Network effects, new economy, Oculus Rift, off-the-grid, openstreetmap, optical character recognition, pattern recognition, peer-to-peer, peer-to-peer lending, peer-to-peer model, Post-Keynesian economics, Richard Stallman, ride hailing / ride sharing, Ronald Coase, Ronald Reagan, Salesforce, Satoshi Nakamoto, Search for Extraterrestrial Intelligence, self-driving car, shareholder value, sharing economy, Silicon Valley, six sigma, Skype, smart cities, smart grid, Snapchat, sovereign wealth fund, Steve Crocker, Steve Jobs, Steven Levy, TaskRabbit, The Death and Life of Great American Cities, The Future of Employment, the long tail, The Nature of the Firm, Tragedy of the Commons, transaction costs, Turing test, turn-by-turn navigation, Uber and Lyft, uber lyft, vertical integration, Zipcar
I got my first mobile phone in 2002—after 50 percent of American adults already had one—under pressure from my Zipcar staff, who hated not being able to get in touch with me when I was out of the office. Cell phones do transform your life, but it was Apple’s announcement, about eight months after the release of the iPhone, that it would invite third-party, non-Apple applications that marked the real revelation of the potential in the phone’s excess capacity. It’s important to note here that in this instance, Steve Jobs does not get credit for being prescient and visionary. In fact, he was exactly the opposite. Here’s how it really went down. The many months of the iPhone pre-launch hype produced the desired results.
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But that produces a vicious circle of slow erosion of value over time. It seems that only the strongest CEOs are able to place big bets and rely on cross-subsidization from existing revenue streams to finance new ideas. And it appears that these CEOs are most often founding CEOs. Steve Jobs’s early years after he reclaimed the helm of Apple were greeted miserably by the stock market, which couldn’t imagine or quite believe in his promises about the iMac, then the iPod, and then the iPhone. Ditto Jeff Bezos at Amazon, who ran the company in the red for its first four years, reinvesting all the while in service of his grand vision.
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This active interaction transforms what is possible. We are co-creators, not passive users, and each time we stumble upon innovation—whether we create it ourselves or see it in others—we can share it far and wide. The first big breakthrough to bring the power of computers to the people was the personal computer; as Steve Jobs sold it, “a computer for the rest of us.” And then came the smartphone, which made that power even more accessible. Now, with the $40 smartphone, the real democratization of computer power is here. Unlike water pumps, cars, guns, and other technologies, which simply augmented humans in a passive sort of way, platforms for participation are recursive.
Start It Up: Why Running Your Own Business Is Easier Than You Think by Luke Johnson
Albert Einstein, barriers to entry, Bear Stearns, Bernie Madoff, business cycle, collapse of Lehman Brothers, compensation consultant, Cornelius Vanderbilt, corporate governance, corporate social responsibility, creative destruction, credit crunch, false flag, financial engineering, Ford Model T, Grace Hopper, happiness index / gross national happiness, high net worth, James Dyson, Jarndyce and Jarndyce, Jarndyce and Jarndyce, Kickstarter, mass immigration, mittelstand, Network effects, North Sea oil, Northern Rock, patent troll, plutocrats, Ponzi scheme, profit motive, Ralph Waldo Emerson, Silicon Valley, software patent, stealth mode startup, Steve Jobs, Steve Wozniak, The Wealth of Nations by Adam Smith, traveling salesman, tulip mania, Vilfredo Pareto, wealth creators
But life continues, new opportunities arise. ‘That which doesn’t kill you makes you stronger’ Friedrich Nietzsche I have been given the boot on more than one occasion, but the experience has only encouraged me to try harder. Steve Jobs said: ‘Getting fired from Apple was the best thing that could have happened to me.’ He went off and founded neXT, then Pixar, and then returned to Apple, and made it vastly more successful than it had ever been. For him, losing his role at the company he founded was a stimulus to make a new start. I can empathize. As a stockbroking analyst in the 1980s I was passed over for promotion by my then boss (who went on to become a chairman of insurance giant Prudential).
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Spouses and children become far more important to a founder than their business and the partnership that created it. They make some money, the hunger and ambition abate, and perhaps they decide to give up all the striving for a more settled life. Illness can also intervene. At both Microsoft and Apple, a single founder of each remains involved and famous: Bill Gates and Steve Jobs. But in each case there was a co-founder who dropped out through ill-health (Paul Allen and Steve Wozniak respectively). The fact is that running large organizations takes real stamina and many find the intensity and responsibilities too onerous. Failure tends to bring out the knives.
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To avoid being forever in stealth mode, you should have a ‘boat-burning’ target: a clearly defined point at which you chuck the day job and dive in. Don’t tweak your fledgling business until it seems like a sure-fire bet: it never will be. It’s very easy to tinker away on the margins for ever but, as Steve Jobs once said to a perfectionist engineer at Apple, ‘real artists ship’. The online revolution has made moonlighting easier than ever. As long as there is no conflict with your principal job, why shouldn’t such an arrangement be successful? Of course, a part-time enterprise will have to become your hobby and consume your holidays.
Frugal Innovation: How to Do Better With Less by Jaideep Prabhu Navi Radjou
3D printing, additive manufacturing, Affordable Care Act / Obamacare, Airbnb, Albert Einstein, barriers to entry, Baxter: Rethink Robotics, behavioural economics, benefit corporation, Bretton Woods, business climate, business process, call centre, Capital in the Twenty-First Century by Thomas Piketty, carbon footprint, circular economy, cloud computing, collaborative consumption, collaborative economy, Computer Numeric Control, connected car, corporate social responsibility, creative destruction, crowdsourcing, disruptive innovation, driverless car, Elon Musk, fail fast, financial exclusion, financial innovation, gamification, global supply chain, IKEA effect, income inequality, industrial robot, intangible asset, Internet of things, job satisfaction, Khan Academy, Kickstarter, late fees, Lean Startup, low cost airline, M-Pesa, Mahatma Gandhi, Marc Benioff, megacity, minimum viable product, more computing power than Apollo, new economy, payday loans, peer-to-peer lending, Peter H. Diamandis: Planetary Resources, planned obsolescence, precision agriculture, race to the bottom, reshoring, risk tolerance, Ronald Coase, Salesforce, scientific management, self-driving car, shareholder value, sharing economy, Silicon Valley, Silicon Valley startup, six sigma, smart grid, smart meter, software as a service, standardized shipping container, Steve Jobs, supply-chain management, tacit knowledge, TaskRabbit, TED Talk, The Fortune at the Bottom of the Pyramid, the long tail, The Nature of the Firm, Tony Fadell, transaction costs, Travis Kalanick, unbanked and underbanked, underbanked, value engineering, vertical integration, women in the workforce, work culture , X Prize, yield management, Zipcar
He added, “We wanted to compete not by being the biggest but by being the best”.12 Similarly, when Steve Jobs returned to Apple in 1997, the company was, he said:13 [making] a zillion and one products … It was amazing … I started to ask people, why would I recommend a 3400 over a 4400? Or when should somebody jump up to a 6500, but not a 7300? And after three weeks, I couldn’t figure this out! And I figured if I can’t figure it out working inside Apple with all these experts … how are our customers going to figure this out? So Jobs focused his turnaround efforts on simplifying the company’s offerings. Every product team had to convince him that their product was essential to Apple’s strategy.
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., “As work gets more complex, 6 rules to simplify”, TED Talk, October 2013. 11Lopez, M., CEO, Lopez Research, interview with Navi Radjou, March 28th 2014. 12O’Connell, A., “Lego CEO Jørgen Vig Knudstorp on leading through survival and growth”, Harvard Business Review, January 2009. 13“The Return to Apple”, All About Steve Jobs: http://allaboutstevejobs.com/bio/longbio/longbio_08.php. 14O’Connell, op. cit. 15Francis, S., CEO, Flock Associates, and former head of Aegis Europe, interview with Jaideep Prabhu, January 27th 2014. 16This case study is adapted from an original version that appeared in French in L’Innovation Jugaad, published by Diateino in 2013.
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Liz Wiseman, a Thinkers50-ranked leadership expert and author of Rookie Smarts: Why Learning Beats Knowing in the New Game of Work, says:15 Inexperienced entrepreneurs are rookies (or first-timers) with sponge-like minds that absorb new knowledge quickly – whereas experienced executives tend to operate as if their minds are made of Teflon: no new knowledge sticks. The ever-frustrated and tireless rookies live by following Steve Jobs’s adage: “Stay Hungry. Stay Foolish.” It is time large companies began to inculcate this rookie mindset in their own executives. To learn to transform adversity into opportunity, bricks-and-mortar Goliaths need to engage digital Davids not as opponents but as allies. For instance, Pearson, one of the world’s leading publishing and education companies, founded in 1844, has recognised that digital learning tools and online educational solutions, such as MOOCs, the Raspberry Pi and Khan Academy, are not rivals to the conventional classroom-based learning models that Pearson’s traditional products and services have always supported.
Do More Faster: TechStars Lessons to Accelerate Your Startup by Brad Feld, David Cohen
An Inconvenient Truth, augmented reality, computer vision, corporate governance, crowdsourcing, deal flow, disintermediation, fail fast, hiring and firing, hockey-stick growth, Inbox Zero, independent contractor, Jeff Bezos, Kickstarter, knowledge worker, Lean Startup, lolcat, Ray Kurzweil, recommendation engine, risk tolerance, Silicon Valley, Skype, slashdot, social web, SoftBank, software as a service, Steve Jobs, subscription business
I felt like I was on Star Trek and this was my magical tricorder—a tricorder that constantly dropped calls on AT&T's network, had a headphone adapter that didn't fit any of the hundreds of dollars worth of headphones I owned, ran no applications, had no copy and paste, and was slow as molasses. Now the crazy thing is when the original iPhone went public, flaws and all, you know that in a secret room somewhere on Apple's campus they had a working prototype of the 3GS with a faster processor, better battery life, and a normal headphone jack—basically everything perfect. Steve Jobs was probably already carrying around one in his pocket. How painful it must have been to have everyone criticizing them for all the flaws they had already fixed but couldn't release yet because they were waiting for component prices to come down or for some bugs to be resolved. “$400 for an MP3 Player!
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In a rapid iteration environment, the most important thing isn't necessarily how perfect code is when you send it out, but how quickly you can revert. This keeps the cost of a mistake really low, under a minute of brokenness. Someone can go from idea to working code to production and, more importantly, real users in just a few minutes, and I can't imagine any better form of testing. “Real artists ship.”—Steve Jobs, 1983 When Brad first met Matt, they had dinner at a nice restaurant in Palo Alto. Matt was too young to drink—and admitted it. As a result, the other person they were dining with (Jeff Clavier, another TechStars mentor) and Brad had to drink all the wine. Brad fell in love with Matt and his vision for WordPress at that dinner and became a huge Matt and WordPress fan.
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The entrepreneurs were highly credible, but more importantly we immediately got excited about their products, which caused us to be more interested in going deep and exploring an investment. This is a repeating theme that for some reason isn't said strongly enough. The great entrepreneurs (and salespeople) show. Just think of how Steve Jobs does it. Show me! Turn the Knife after You Stick It in David Cohen David is a co-founder and the CEO of TechStars. At TechStars, we've worked hard to teach entrepreneurs how to “turn the knife.” Whether you're presenting your company to investors, partners, or customers you should focus on the pain you address before you discuss the tremendous solution you're bringing to the market.
Do Nothing: How to Break Away From Overworking, Overdoing, and Underliving by Celeste Headlee
8-hour work day, agricultural Revolution, airport security, Atul Gawande, Bertrand Russell: In Praise of Idleness, correlation does not imply causation, deliberate practice, Downton Abbey, Dunbar number, Elon Musk, estate planning, financial independence, Ford paid five dollars a day, gamification, hedonic treadmill, helicopter parent, Henri Poincaré, hive mind, income inequality, James Watt: steam engine, Jeff Bezos, John Maynard Keynes: Economic Possibilities for our Grandchildren, knowledge worker, Lyft, new economy, Parkinson's law, performance metric, Ronald Reagan, Silicon Valley, Snapchat, Steve Jobs, tech billionaire, tech worker, TED Talk, The Theory of the Leisure Class by Thorstein Veblen, The Wisdom of Crowds, theory of mind, Thorstein Veblen, Torches of Freedom, trickle-down economics, uber lyft, women in the workforce, work culture
So society was already fully committed to the worship of hard work during the 1980s and ’90s, when a revolution occurred that really cemented the dominance of the myth of the self-made man: the rise of the tech billionaire. Microsoft was founded in 1975, Apple one year later. Amazon started in 1994, Yahoo! in 1995, and Google in 1998. Those companies are massive now, but they mostly started with a couple guys working hard on a new kind of software, laboring away in virtual obscurity until their products became big sellers. Back when Microsoft’s revenue was only $1,600 a year, Bill Gates said he got up at four a.m. every day, worked sixteen hours, and sometimes spent the night in his office. Steve Jobs wouldn’t get to his office at Apple until nine a.m., he told Time, but that was after working for an hour or two at home.
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Keil, “Searching for Explanations: How the Internet Inflates Estimates of Internal Knowledge,” Journal of Experimental Psychology, March 30, 2015. “I am convinced the Devil lives”: Nellie Bowles, “A Dark Consensus About Screens and Kids Begins to Emerge in Silicon Valley,” New York Times, October 26, 2018. Steve Jobs famously did not allow: Nick Bilton, “Steve Jobs Was a Low-Tech Parent,” New York Times, September 10, 2014. “Our minds are not designed to allow us”: Susan Pinker, The Village Effect (Toronto: Vintage Canada, 2014). “We’re trying to make the text-based medium”: Juliana Schroeder, interview with the author, June 19, 2018.
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Perhaps the most damning piece of evidence in the debate over technology is the large number of tech workers who restrict their kids from using smartphones and tablets. Athena Chavarria of Facebook told the New York Times, “I am convinced the Devil lives in our phones and is wreaking havoc on our children.” Steve Jobs famously did not allow his own kids to use iPads, saying that he and his wife limited the technology their kids used at home. One of the founders of Twitter, Evan Williams, gave his kids actual books instead of tablets, and Chris Anderson, former editor of Wired, has said he severely limits screen time in his home because he is painfully aware of the damage tech can do.
Everything Is Obvious: *Once You Know the Answer by Duncan J. Watts
"World Economic Forum" Davos, active measures, affirmative action, Albert Einstein, Amazon Mechanical Turk, AOL-Time Warner, Bear Stearns, behavioural economics, Black Swan, business cycle, butterfly effect, carbon credits, Carmen Reinhart, Cass Sunstein, clockwork universe, cognitive dissonance, coherent worldview, collapse of Lehman Brothers, complexity theory, correlation does not imply causation, crowdsourcing, death of newspapers, discovery of DNA, East Village, easy for humans, difficult for computers, edge city, en.wikipedia.org, Erik Brynjolfsson, framing effect, Future Shock, Geoffrey West, Santa Fe Institute, George Santayana, happiness index / gross national happiness, Herman Kahn, high batting average, hindsight bias, illegal immigration, industrial cluster, interest rate swap, invention of the printing press, invention of the telescope, invisible hand, Isaac Newton, Jane Jacobs, Jeff Bezos, Joseph Schumpeter, Kenneth Rogoff, lake wobegon effect, Laplace demon, Long Term Capital Management, loss aversion, medical malpractice, meta-analysis, Milgram experiment, natural language processing, Netflix Prize, Network effects, oil shock, packet switching, pattern recognition, performance metric, phenotype, Pierre-Simon Laplace, planetary scale, prediction markets, pre–internet, RAND corporation, random walk, RFID, school choice, Silicon Valley, social contagion, social intelligence, statistical model, Steve Ballmer, Steve Jobs, Steve Wozniak, supply-chain management, tacit knowledge, The Death and Life of Great American Cities, the scientific method, The Wisdom of Crowds, too big to fail, Toyota Production System, Tragedy of the Commons, ultimatum game, urban planning, Vincenzo Peruggia: Mona Lisa, Watson beat the top human players on Jeopardy!, X Prize
To illustrate this problem, let’s step away from bankers for a moment and ask a less-fashionable question: To what extent should Steve Jobs, founder and CEO of Apple Inc., be credited with Apple’s recent success? Conventional wisdom holds that he is largely responsible for it, and not without reason. Since Jobs returned in the late 1990s to lead the company that he founded in 1976 with Steve Wozniak in a Silicon Valley garage, its fortunes have undergone a dramatic resurgence, producing a string of hit products like the iMac, the iPod, and the iPhone. As of the end of 2009, Apple had outperformed the overall stock market and its industry peers by about 150 percent over the previous six years, and in May 2010 Apple overtook Microsoft to become the most valuable technology company in the world.
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As with all explanations that depend on the known outcome to account for why a particular strategy was good or bad, the conventional wisdom regarding Apple’s recent success is vulnerable to the Halo Effect. Quite aside from the Halo Effect, however, there is another potential problem with the conventional wisdom about Apple. And that is our tendency to attribute the lion’s share of the success of an entire corporation, employing tens of thousands of talented engineers, designers, and managers to one individual. As with all commonsense explanations, the argument that Steve Jobs is the irreplaceable architect of Apple’s success is entirely plausible. Not only did Apple’s turnaround begin with Jobs’s return, after a decade of exile, from 1986 to 1996, but his reputation as a fiercely demanding manager with a relentless focus on innovation, design, and engineering excellence would seem to draw a direct line between his approach to leadership and Apple’s success.
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Not only did Apple’s turnaround begin with Jobs’s return, after a decade of exile, from 1986 to 1996, but his reputation as a fiercely demanding manager with a relentless focus on innovation, design, and engineering excellence would seem to draw a direct line between his approach to leadership and Apple’s success. Finally, large companies like Apple need a way to coordinate the activities of many individuals on a common goal, and a strong leader seems required to accomplish this coordination feat. Because this role of leader is by definition unique, the leader seems unique also, and therefore justified in receiving the lion’s share of the credit for the company’s success. Steve Jobs may in fact be such an individual—the sine qua non of Apple. But if he is, he is the exception rather than the rule in corporate life.
Consumed: How Markets Corrupt Children, Infantilize Adults, and Swallow Citizens Whole by Benjamin R. Barber
"World Economic Forum" Davos, Abraham Maslow, addicted to oil, AltaVista, American ideology, An Inconvenient Truth, AOL-Time Warner, Berlin Wall, Bertrand Russell: In Praise of Idleness, Bill Gates: Altair 8800, bread and circuses, business cycle, Celebration, Florida, collective bargaining, creative destruction, David Brooks, delayed gratification, digital divide, do well by doing good, Donald Trump, double entry bookkeeping, Dr. Strangelove, G4S, game design, George Gilder, Gordon Gekko, greed is good, Herbert Marcuse, Hernando de Soto, illegal immigration, informal economy, invisible hand, John Perry Barlow, Joseph Schumpeter, laissez-faire capitalism, late capitalism, liberal capitalism, Marc Andreessen, McJob, microcredit, Naomi Klein, new economy, New Journalism, Norbert Wiener, nuclear winter, Panopticon Jeremy Bentham, Paradox of Choice, pattern recognition, presumed consent, profit motive, race to the bottom, Ralph Nader, retail therapy, road to serfdom, Robert Bork, Ronald Reagan, Saturday Night Live, Silicon Valley, SimCity, spice trade, Steve Jobs, telemarketer, The Fortune at the Bottom of the Pyramid, the market place, The Wisdom of Crowds, Thomas L Friedman, Thorstein Veblen, trade route, Tyler Cowen, vertical integration, Virgin Galactic, X Prize
More than twenty years ago, I suggested in Strong Democracy that the cabling of America for television and such (then) innovations as interactive cable service (Warner-Amex’s pioneering “Qube” experiment) could enhance democracy by servicing “civic participation in a strong democratic program that would…[link] neighbor assemblies…[as well as] individuals.”26 Since then, the democratic and leveling potential of the new digital technologies has been widely noted and celebrated, with booster magazines like Wired talking about global “netizens” linked together by a network beyond the control of nations or corporations. Enthusiasts from John Perry Barlow to Steve Jobs have made rebel-branded careers based on the democratic (even anarchistic) potential of the new technologies. As Neal Gabler argues in his ongoing examination of Walt Disney’s world, when Steve Jobs (the key figure at Apple Computer and then Pixar Animation Studios) came to Disney in the Disney/Pixar merger, he brought along a democratic “bravado and disdain for traditional business practices.”27 This bravado is typical of many who work the web, whether as bloggers, program developers or, like Joe Trippi, Howard Dean’s campaign manager and web enthusiast, as new digital politicos.
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Even as Gates established a strong, near-monopoly position in the personal computer market, he knew he would face new competition inspired by what he had achieved—what David Bank has called the “monopolist’s dilemma.”82 As expected, when a new graphic user interface was developed by Apple which allowed the iconic representation of a desktop on the computer screen, Microsoft was centrally challenged. But Bill Gates quickly outfoxed competitors like Steve Jobs of Apple, Phillipe Kahn of Borland, and Bruce Bastian and Alan Ashton of WordPerfect. These companies had provided what many users regarded as superior products, sometimes even gaining an initial market position that looked dominating, only to see Microsoft buy up other competitors, or develop its own imitative products, or—most successfully—by combining or “bundling” products which were previously kept discrete (the move to bundle office applications into “suites,” for example), forging an effective market monopoly that prevented competitors from selling rival products, however superior.
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Despite fines levied by angry local municipalities, the practice—founded by an English firm called Easy Green Productions that puts ads on sheep blankets—is growing.27 As companies trade, merge, cobrand, and exchange, they try to create content monopolies over the multiple screens we nowadays watch from dawn to midnight. Those Samsung cell-phone screens, so seemingly plural, are conduits to common content, and the firms that control or sponsor content seek a monopoly on that commonality. The Disney Company (and its ABC broadcast subsidiary) is partnering with Steve Jobs’s Apple Computer company to put Disney content on Apple’s latest iPod video players. Their rivals, such as Google Video (which purchased YouTube at the end of 2006 for $1.6 billion) and RealNetworks, compete for the same eyeballs, every digital pipeline looking for its own monopoly over content—right around the world. And so Newsweek’s “race is on toward ubiqui-TV,” where virtual ad-driven watching never stops courtesy of multiplying media technologies—wristwatch, phone, iPod, computer screen, wi-fi connectivity, television sets large and small, and old-fashioned movie screens.
Algorithms to Live By: The Computer Science of Human Decisions by Brian Christian, Tom Griffiths
4chan, Ada Lovelace, Alan Turing: On Computable Numbers, with an Application to the Entscheidungsproblem, Albert Einstein, algorithmic bias, algorithmic trading, anthropic principle, asset allocation, autonomous vehicles, Bayesian statistics, behavioural economics, Berlin Wall, Big Tech, Bill Duvall, bitcoin, Boeing 747, Charles Babbage, cognitive load, Community Supported Agriculture, complexity theory, constrained optimization, cosmological principle, cryptocurrency, Danny Hillis, data science, David Heinemeier Hansson, David Sedaris, delayed gratification, dematerialisation, diversification, Donald Knuth, Donald Shoup, double helix, Dutch auction, Elon Musk, exponential backoff, fault tolerance, Fellow of the Royal Society, Firefox, first-price auction, Flash crash, Frederick Winslow Taylor, fulfillment center, Garrett Hardin, Geoffrey Hinton, George Akerlof, global supply chain, Google Chrome, heat death of the universe, Henri Poincaré, information retrieval, Internet Archive, Jeff Bezos, Johannes Kepler, John Nash: game theory, John von Neumann, Kickstarter, knapsack problem, Lao Tzu, Leonard Kleinrock, level 1 cache, linear programming, martingale, multi-armed bandit, Nash equilibrium, natural language processing, NP-complete, P = NP, packet switching, Pierre-Simon Laplace, power law, prediction markets, race to the bottom, RAND corporation, RFC: Request For Comment, Robert X Cringely, Sam Altman, scientific management, sealed-bid auction, second-price auction, self-driving car, Silicon Valley, Skype, sorting algorithm, spectrum auction, Stanford marshmallow experiment, Steve Jobs, stochastic process, Thomas Bayes, Thomas Malthus, Tragedy of the Commons, traveling salesman, Turing machine, urban planning, Vickrey auction, Vilfredo Pareto, Walter Mischel, Y Combinator, zero-sum game
duels less than fifty years ago: If you’re not too fainthearted, you can watch video of a duel fought in 1967 at http://passerelle-production.u-bourgogne.fr/web/atip_insulte/Video/archive_duel_france.swf. as athletes overfit their tactics: For an interesting example of very deliberately overfitting fencing, see Harmenberg, Epee 2.0. “Incentive structures work”: Brent Schlender, “The Lost Steve Jobs Tapes,” Fast Company, May 2012, http://www.fastcompany.com/1826869/lost-steve-jobs-tapes. “whatever the CEO decides to measure”: Sam Altman, “Welcome, and Ideas, Products, Teams and Execution Part I,” Stanford CS183B, Fall 2014, “How to Start a Startup,” http://startupclass.samaltman.com/courses/lec01/. Ridgway cataloged a host of such: Ridgway, “Dysfunctional Consequences of Performance Measurements.”
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It’s as exciting a sport as ever, but as athletes overfit their tactics to the quirks of scorekeeping, it becomes less useful in instilling the skills of real-world swordsmanship. Perhaps nowhere, however, is overfitting as powerful and troublesome as in the world of business. “Incentive structures work,” as Steve Jobs put it. “So you have to be very careful of what you incent people to do, because various incentive structures create all sorts of consequences that you can’t anticipate.” Sam Altman, president of the startup incubator Y Combinator, echoes Jobs’s words of caution: “It really is true that the company will build whatever the CEO decides to measure.”
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Which seems an opportune moment to say our good-byes and release our bandwidth to the commons, to the myriad flows making their additive increase. 11 Game Theory The Minds of Others I’m an optimist in the sense that I believe humans are noble and honorable, and some of them are really smart.… I have a somewhat more pessimistic view of people in groups. —STEVE JOBS An investor sells a stock to another, one convinced it’s headed down and the other convinced it’s going up; I think I know what you think but have no idea what you think I think; an economic bubble bursts; a prospective lover offers a gift that says neither “I want to be more than friends” nor “I don’t want to be more than friends”; a table of diners squabbles over who should treat whom and why; someone trying to be helpful unintentionally offends; someone trying hard to be cool draws snickers; someone trying to break from the herd finds, dismayingly, the herd following his lead.
Epic Win for Anonymous: How 4chan's Army Conquered the Web by Cole Stryker
4chan, barriers to entry, Berlin Wall, Chelsea Manning, cognitive dissonance, Columbine, commoditize, creative destruction, crowdsourcing, eternal september, Firefox, future of journalism, Gabriella Coleman, hive mind, informal economy, Internet Archive, it's over 9,000, Julian Assange, Kickstarter, lolcat, Mark Zuckerberg, Marshall McLuhan, Mason jar, pre–internet, Silicon Valley, slashdot, social bookmarking, social web, Stephen Hawking, Steve Jobs, Stewart Brand, Streisand effect, technoutopianism, TED Talk, wage slave, We are Anonymous. We are Legion, Whole Earth Catalog, WikiLeaks
ALL OF THEM . . . before I posted, and what I concluded was anticlimactic, there was nothing there, nothing incriminating, nothing that would derail her campaign as I had hoped, all I saw was personal stuff, some clerical stuff from when she was governor . . . The event was reported widely, and the hackers on steroids were making headlines again. Palin released a press release comparing the event to Watergate. Steve Jobs Heart Attack Hoax In October 2008, a rumor that Apple CEO Steve Jobs had suffered a heart attack appeared on 4chan. After the story was submitted to a CNN-owned website, Apple’s stock price fell by a massive 5 percent. 4chan, Friend of the Animal Kingdom On the heels of recent successes in Project Chanology, Anonymous continued to move away from the lulz and toward great justice.
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“It’s official. A two-mile stretch of Tennessee highway has been adopted by ‘Drew Curtis’ TotalFark UFIA.’ Link goes to a photo of the sign.” Last modified April 3, 2006. http://www.fark.com/cgi/comments.pl?IDLink=1993763. Figallo, Cliff. Interview with the author. April 14, 2011. Fox News. “Report: Steve Jobs Heart-Attack Hoax a Teen Prank.” Last modified October 24, 2008. http://www.foxnews.com/story/0,2933,443962,00.html. Frank, Ted. Interview with the author. May 5, 2011. Frommer, Dan. “Here’s How BuzzFeed Works.” Business Insider. Last modified June 11, 2010. http://www.businessinsider.com/heres-how-buzzfeed-works-2010-6.
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“Interior Semiotics.” Last modified March 27, 2010. http://www.youtube.com/watch?v=I9lmvX00TLY. Stolz, Natacha. Interview with the author. May 24, 2011. Sulake. “Habbo Hotel—Where else?” http://sulake.com/habbo/?navi=2. Tate, Ryan. “Apple’s Worst Security Breach: 114,000 iPad Owners Exposed.” Gawker. Last modified June 9, 2010. http://gawker.com/5559346/apples-worst-security-breach-114000-ipad-owners-exposed. Templeton, Brad. Interview with the author. May 9, 2011. Thorpe, David. Interview with the author. May 5, 2011. Walker, Rob. “When Funny Goes Viral.” The New York Times online.
Augmented: Life in the Smart Lane by Brett King
23andMe, 3D printing, additive manufacturing, Affordable Care Act / Obamacare, agricultural Revolution, Airbnb, Albert Einstein, Amazon Web Services, Any sufficiently advanced technology is indistinguishable from magic, Apollo 11, Apollo Guidance Computer, Apple II, artificial general intelligence, asset allocation, augmented reality, autonomous vehicles, barriers to entry, bitcoin, Bletchley Park, blockchain, Boston Dynamics, business intelligence, business process, call centre, chief data officer, Chris Urmson, Clayton Christensen, clean water, Computing Machinery and Intelligence, congestion charging, CRISPR, crowdsourcing, cryptocurrency, data science, deep learning, DeepMind, deskilling, different worldview, disruptive innovation, distributed generation, distributed ledger, double helix, drone strike, electricity market, Elon Musk, Erik Brynjolfsson, Fellow of the Royal Society, fiat currency, financial exclusion, Flash crash, Flynn Effect, Ford Model T, future of work, gamification, Geoffrey Hinton, gig economy, gigafactory, Google Glasses, Google X / Alphabet X, Hans Lippershey, high-speed rail, Hyperloop, income inequality, industrial robot, information asymmetry, Internet of things, invention of movable type, invention of the printing press, invention of the telephone, invention of the wheel, James Dyson, Jeff Bezos, job automation, job-hopping, John Markoff, John von Neumann, Kevin Kelly, Kickstarter, Kim Stanley Robinson, Kiva Systems, Kodak vs Instagram, Leonard Kleinrock, lifelogging, low earth orbit, low skilled workers, Lyft, M-Pesa, Mark Zuckerberg, Marshall McLuhan, megacity, Metcalfe’s law, Minecraft, mobile money, money market fund, more computing power than Apollo, Neal Stephenson, Neil Armstrong, Network effects, new economy, Nick Bostrom, obamacare, Occupy movement, Oculus Rift, off grid, off-the-grid, packet switching, pattern recognition, peer-to-peer, Ray Kurzweil, retail therapy, RFID, ride hailing / ride sharing, Robert Metcalfe, Salesforce, Satoshi Nakamoto, Second Machine Age, selective serotonin reuptake inhibitor (SSRI), self-driving car, sharing economy, Shoshana Zuboff, Silicon Valley, Silicon Valley startup, Skype, smart cities, smart grid, smart transportation, Snapchat, Snow Crash, social graph, software as a service, speech recognition, statistical model, stem cell, Stephen Hawking, Steve Jobs, Steve Wozniak, strong AI, synthetic biology, systems thinking, TaskRabbit, technological singularity, TED Talk, telemarketer, telepresence, telepresence robot, Tesla Model S, The future is already here, The Future of Employment, Tim Cook: Apple, trade route, Travis Kalanick, TSMC, Turing complete, Turing test, Twitter Arab Spring, uber lyft, undersea cable, urban sprawl, V2 rocket, warehouse automation, warehouse robotics, Watson beat the top human players on Jeopardy!, white picket fence, WikiLeaks, yottabyte
Contrary to popular belief, IBM wasn’t the first company to create a personal computer (PC). In the early 1970s, Steve Jobs and Steve Wozniak had been busy working on their own version of the personal computer. The result—the first Apple computer (retrospectively known as the Apple I)—actually preceded the IBM model6 by almost five years, and used a very different engineering approach. However, it wasn’t until Apple launched the Apple II that personal computing really became a “thing”. Figure 3.2: An original Apple I computer designed by Jobs and Wozniak and released in 19767 (Credit: Bonhams New York) Around the same time as Jobs and Wozniak’s development of the earliest form of PC, there was also a rapid downsizing of computers in the workplace.
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The reason why all of these banks are reducing branch numbers and branch space is simple—customers simply aren’t using branches as much as they used to. They don’t need to. It’s not a branch design problem; it’s a customer behaviour problem. So what has changed customer behaviour? We can largely thank Steve Jobs for the shift as the iPhone started it all. Figure 9.1: Worldwide mobile banking adoption, monthly active users (Source: Various) As banking becomes augmented, much of what we value today in banking will be eliminated, and we’re not just talking about branch locations. The big shift for banking will be in the very nature of how banking works, what we call a bank account and the products we get from banks, or their near-term replacements.
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Within 250 years, we’ve learned that no industry, no business, no product has survived the impact of technology unscathed. This is a fight that history tells us will be emphatically won by the inevitable march of technology. However, like Peter Diamandis, Ray Kurzweil, sci-fi writers like William Gibson, David Brin and Ramez Naam, and techno-industrialists like Elon Musk, Larry Page, Bill Gates and Steve Jobs, I am essentially an optimist when thinking about this future. An Augmented Age infused with technology advancements is better than the alternative by a wide margin. The Augmented Age will give us the greatest advantages and potential of any generation in the entire history of humanity, but only if we embrace change, transformation and innovation.
Reset by Ronald J. Deibert
23andMe, active measures, air gap, Airbnb, Amazon Web Services, Anthropocene, augmented reality, availability heuristic, behavioural economics, Bellingcat, Big Tech, bitcoin, blockchain, blood diamond, Brexit referendum, Buckminster Fuller, business intelligence, Cal Newport, call centre, Cambridge Analytica, carbon footprint, cashless society, Citizen Lab, clean water, cloud computing, computer vision, confounding variable, contact tracing, contact tracing app, content marketing, coronavirus, corporate social responsibility, COVID-19, crowdsourcing, data acquisition, data is the new oil, decarbonisation, deep learning, deepfake, Deng Xiaoping, disinformation, Donald Trump, Doomsday Clock, dual-use technology, Edward Snowden, Elon Musk, en.wikipedia.org, end-to-end encryption, Evgeny Morozov, failed state, fake news, Future Shock, game design, gig economy, global pandemic, global supply chain, global village, Google Hangouts, Great Leap Forward, high-speed rail, income inequality, information retrieval, information security, Internet of things, Jaron Lanier, Jeff Bezos, John Markoff, Lewis Mumford, liberal capitalism, license plate recognition, lockdown, longitudinal study, Mark Zuckerberg, Marshall McLuhan, mass immigration, megastructure, meta-analysis, military-industrial complex, move fast and break things, Naomi Klein, natural language processing, New Journalism, NSO Group, off-the-grid, Peter Thiel, planetary scale, planned obsolescence, post-truth, proprietary trading, QAnon, ransomware, Robert Mercer, Sheryl Sandberg, Shoshana Zuboff, Silicon Valley, single source of truth, Skype, Snapchat, social distancing, sorting algorithm, source of truth, sovereign wealth fund, sparse data, speech recognition, Steve Bannon, Steve Jobs, Stuxnet, surveillance capitalism, techlash, technological solutionism, the long tail, the medium is the message, The Structural Transformation of the Public Sphere, TikTok, TSMC, undersea cable, unit 8200, Vannevar Bush, WikiLeaks, zero day, zero-sum game
Retrieved from https://www.bloomberg.com/news/articles/2018-01-16/workers-at-apple-supplier-catcher-describe-harsh-conditions Factory employees reported they were “exposed to toxic chemicals every day”: China Labor Watch. (2019, September 8). iPhone 11 illegally produced in China: Apple allows supplier factory Foxconn to violate labor laws. Retrieved from http://www.chinalaborwatch.org/report/144 Foxconn’s Longhua factory is notorious for its suicide nets: Merchant, B. (2017, June 18). Life and death in Apple’s forbidden city. Retrieved from https://www.theguardian.com/technology/2017/jun/18/foxconn-life-death-forbidden-city-longhua-suicide-apple-iphone-brian-merchant-one-device-extract; See also Merchant, B. (2017). The one device: The secret history of the iPhone. Little, Brown. In response to reports of worker suicides, Steve Jobs promised to take action: Fullerton, J. (2018, January 7).
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In September 2013, the German newspaper Der Spiegel published an article about an NSA program to exploit unpatched vulnerabilities in Apple, Google, BlackBerry, and other smartphones.29 A line on the slide from an analyst seemed to sum up best this historic shift in state–society relations. Summoning up George Orwell’s dystopian surveillance classic Nineteen Eighty-Four, the analyst asks, “Who knew in 1984 that this would be Big Brother [referencing a picture of Apple’s then-CEO, Steve Jobs] and the zombies would be paying customers?” Those paying customers? Those “zombies”? Turns out that’s all of us. * * * “Good morning, Alexa,” you murmur, bleary-eyed.
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The investigation found that factory employees reported they were “exposed to toxic chemicals every day, but do not receive sufficient personal protective equipment; when they are sick they are still forced to work overtime; managers verbally abuse workers on a regular basis and sometimes punish workers by asking them to stand.”332 The investigation also found that female staff experienced sexual harassment from management while on production lines. Foxconn’s Longhua factory is notorious for its suicide nets — installed in response to suicides linked to the reprehensible working conditions.333 In 2010, in response to reports of worker suicides, Steve Jobs promised to take action.334 Yet China Labor Watch’s investigation eight years later showed working conditions had not improved.335 Both Foxconn and Apple disputed the majority of these allegations but admitted that they did need to correct some labour violations the investigators observed.336 While electronic manufacturing is mostly outsourced to Asia, remnants of the wasteful processing practices survive in areas where the manufacturing has long since shut down.
The Coming of Neo-Feudalism: A Warning to the Global Middle Class by Joel Kotkin
"RICO laws" OR "Racketeer Influenced and Corrupt Organizations", "World Economic Forum" Davos, Admiral Zheng, Alvin Toffler, Andy Kessler, autonomous vehicles, basic income, Bernie Sanders, Big Tech, bread and circuses, Brexit referendum, call centre, Capital in the Twenty-First Century by Thomas Piketty, carbon credits, carbon footprint, Cass Sunstein, clean water, company town, content marketing, Cornelius Vanderbilt, creative destruction, data science, deindustrialization, demographic transition, deplatforming, don't be evil, Donald Trump, driverless car, edge city, Elon Musk, European colonialism, Evgeny Morozov, financial independence, Francis Fukuyama: the end of history, Future Shock, gentrification, gig economy, Gini coefficient, Google bus, Great Leap Forward, green new deal, guest worker program, Hans Rosling, Herbert Marcuse, housing crisis, income inequality, informal economy, Jane Jacobs, Jaron Lanier, Jeff Bezos, Jeremy Corbyn, job automation, job polarisation, job satisfaction, Joseph Schumpeter, land reform, liberal capitalism, life extension, low skilled workers, Lyft, Marc Benioff, Mark Zuckerberg, market fundamentalism, Martin Wolf, mass immigration, megacity, Michael Shellenberger, Nate Silver, new economy, New Urbanism, Northpointe / Correctional Offender Management Profiling for Alternative Sanctions, Occupy movement, Parag Khanna, Peter Thiel, plutocrats, post-industrial society, post-work, postindustrial economy, postnationalism / post nation state, precariat, profit motive, public intellectual, RAND corporation, Ray Kurzweil, rent control, Richard Florida, road to serfdom, Robert Gordon, Salesforce, Sam Altman, San Francisco homelessness, Satyajit Das, sharing economy, Sidewalk Labs, Silicon Valley, smart cities, Social Justice Warrior, Steve Jobs, Stewart Brand, superstar cities, technological determinism, Ted Nordhaus, The Death and Life of Great American Cities, The future is already here, The Future of Employment, The Rise and Fall of American Growth, Thomas L Friedman, too big to fail, trade route, Travis Kalanick, Uber and Lyft, uber lyft, universal basic income, unpaid internship, upwardly mobile, Virgin Galactic, We are the 99%, Wolfgang Streeck, women in the workforce, work culture , working-age population, Y Combinator
(New York: Simon & Schuster, 2013), xii. 38 Will Oremus, “Most Americans Still Don’t Fear Big Tech’s Power,” Slate, March 16, 2018, https://slate.com/technology/2018/03/most-americans-still-dont-fear-big-techs-power-survey-finds.html; Aaron Smith, “Public Attitudes Toward Technology Companies,” Pew Research Center, June 28, 2018, http://www.pewinternet.org/2018/06/28/public-attitudes-toward-technology-companies/. 39 Wolfgang Streeck, How Will Capitalism End? (New York: Verso, 2016), 117. 40 Philip Elmer-DeWitt, “The Tea Party, Occupy Wall Street and Steve Jobs,” Fortune, November 6, 2011, http://fortune.com/2011/11/06/the-tea-party-occupy-wall-street-and-steve-jobs/. 41 Piketty, Capital in the Twenty-First Century, 444. 42 David Callahan, Fortunes of Change: The Rise of the Liberal Rich and the Remaking of America (New York: Wiley, 2010), 67, 269. 43 “America’s Gilded Age: Robber Barons and Captains of Industry,” Maryville University, https://online.maryville.edu/business-degrees/americas-gilded-age/.
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Americans, long enamored of the entrepreneurial spirit and technological progress, have been slow to see the tech oligarchy as a threat.38 Leftist historians, alert to the dangers of aristocracy, have tended to focus their ire on financial companies that may be large and powerful but aren’t nearly as wealthy or as influential in shaping the economy as the tech sector, which seeks to capture virtually every other industry, including finance.39 At the Occupy Wall Street protests in 2011, anticapitalist demonstrators held moments of silence and prayer for the memory of Steve Jobs, a particularly aggressive capitalist.40 Some people still see Bill Gates, a clear monopolist, as one of the “meritorious entrepreneurs,” notes Thomas Piketty.41 One progressive writer, David Callahan, portrays the tech oligarchs, along with their allies in the financial sector, as a kind of “benign plutocracy” in contrast to those who built their fortunes on resource extraction, manufacturing, and material consumption.42 Yet America’s tech titans have attained oligopolistic sway over markets comparable to that of moguls like John Rockefeller, Andrew Carnegie, or Cornelius Vanderbilt.43 They may wear baseball caps rather than top hats, but their economic and cultural power is vast, and likely to become far more so.
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Malcolm Debevoise (New Haven: Yale University Press, 2019), 14. 42 Goodhart, The Road to Somewhere, 151. 43 Rajan Menon, “The United States Has a National-Security Problem—and It’s Not What You Think,” Nation, July 16, 2018, https://www.thenation.com/article/united-states-national-security-problem-not-think/; Guilluy, Twilight of the Elites, 56, 71. 44 Neha Thirani Bagri, “In the great robot job takeover, women are less likely to suffer than men,” Quartz, March 28, 2017, https://qz.com/943978/in-the-great-robot-job-takeover-women-are-less-likely-to-suffer-than-men-a-pricewaterhousecoopers-study-suggests/; Natalie Kitroeff, “Robots could replace 1.7 million American truckers in the next decade,” Los Angeles Times, September 25, 2016, http://www.latimes.com/projects/la-fi-automated-trucks-labor-20160924/. 45 Kourtney Adams, “Bureau of Labor Statistics projects major loss of middle-class jobs by 2024,” WIFR, March 22, 2018, http://www.wifr.com/content/news/Bureau-of-Labor-Statistics-projects-the-loss-of-tens-of-thousands-of-middle-class-jobs-by-2024-477101543.html. CHAPTER 14—THE FUTURE OF THE WORKING CLASS 1 “Apple says illegal student labor discovered at iPhone X plant,” Reuters, November 22, 2107, https://uk.reuters.com/article/us-apple-foxconn-labour/apple-says-illegal-student-labor-discovered-at-iphone-x-plant-idUKKBN1DM1LA; Neil Irwin, “To Understand Rising Inequality, Consider the Janitors at Two Top Companies, Then and Now,” New York Times, September 3, 2017, https://www.nytimes.com/2017/09/03/upshot/to-understand-rising-inequality-consider-the-janitors-at-two-top-companies-then-and-now.html. 2 Bryan Menegus, “Elon Musk Responds to Claims of Low Pay, Injuries, and Anti-Union Policies at Tesla Plant,” Gizmodo, September 2, 2017, https://gizmodo.com/elon-musk-responds-to-claims-of-low-pay-injuries-and-a-1792190512; “Analysis of Tesla Injury Rates: 2014 to 2017,” Work Safe, May 24, 2017, https://worksafe.typepad.com/files/worksafe_tesla5_24.pdf; Will Evans and Alyssa Jeong Perry, “Tesla says its factory is safer.
How Will You Measure Your Life? by Christensen, Clayton M., Dillon, Karen, Allworth, James
air freight, Black Monday: stock market crash in 1987, Clayton Christensen, disruptive innovation, hiring and firing, invisible hand, Iridium satellite, job satisfaction, late fees, Mahatma Gandhi, Nick Leeson, Silicon Valley, Skype, Steve Jobs, working poor, young professional
A company can also be at fault when it prioritizes the short term over the long. But sometimes individuals themselves are at the root of the problem. Apple Inc. shows how the differences between individuals’ priorities and a company’s priorities can prove fatal. Through most of the 1990s, after founder Steve Jobs had been forced out, Apple’s ability to deliver the fantastic products it had become renowned for simply stopped. Without Jobs’s discipline at the company, daylight began to emerge between Apple’s intended strategy and its actual one—and Apple began to flounder. For example, Apple’s attempt to create a next-generation operating system to compete with Microsoft during the midnineties—codenamed Copland—slipped numerous times.
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SECTION I Finding Happiness in Your Career The only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do. If you haven’t found it yet, keep looking. Don’t settle. As with all matters of the heart, you’ll know when you find it. —Steve Jobs WHEN YOU WERE ten years old and someone asked you what you wanted to be when you grew up, anything seemed possible. Astronaut. Archaeologist. Fireman. Baseball player. The first female president of the United States. Your answers then were guided simply by what you thought would make you really happy.
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Rather than allowing everyone to focus on their own sense of priorities, Jobs brought Apple back to its roots: to make the best products in the world, change the way people think about using technology in their lives, and provide a fantastic user experience. Anything not aligned with that got scrapped; people who did not agree were yelled at, abased, or fired. Soon, people began to understand that if they didn’t allocate their resources in a way that was consistent with Apple’s priorities, they would land in hot water. More than anything else, the deep internal understanding of what Jobs prioritized is why Apple has been able to deliver on what it says it’s going to do, and is a big part of why the company has been able to regain its status among the world’s most successful.
The Smart Wife: Why Siri, Alexa, and Other Smart Home Devices Need a Feminist Reboot by Yolande Strengers, Jenny Kennedy
active measures, Amazon Robotics, Anthropocene, autonomous vehicles, Big Tech, Boston Dynamics, cloud computing, cognitive load, computer vision, Computing Machinery and Intelligence, crowdsourcing, cyber-physical system, data science, deepfake, Donald Trump, emotional labour, en.wikipedia.org, Evgeny Morozov, fake news, feminist movement, game design, gender pay gap, Grace Hopper, hive mind, Ian Bogost, Intergovernmental Panel on Climate Change (IPCC), Internet of things, Jeff Bezos, John Markoff, Kitchen Debate, knowledge economy, Masayoshi Son, Milgram experiment, Minecraft, natural language processing, Network effects, new economy, pattern recognition, planned obsolescence, precautionary principle, robot derives from the Czech word robota Czech, meaning slave, self-driving car, Shoshana Zuboff, side hustle, side project, Silicon Valley, smart grid, smart meter, social intelligence, SoftBank, Steve Jobs, surveillance capitalism, systems thinking, technological solutionism, technoutopianism, TED Talk, Turing test, Wall-E, Wayback Machine, women in the workforce
Loss of control, for example, could refer to situations in which “we give up freedom for convenience” (such as trading our privacy and autonomy by allowing a smart wife into our home).55 It’s a scenario in which the “magic” of the smart home could become a “black box” that only technical experts or hackers can penetrate, and ordinary people become “increasingly passive and accepting of . . . situations” in which large corporations control technologies that frequently break down and collect their data through dubious as well as complicated modes of consent.56 This, of course, is already happening. “Apple is notorious for promoting their products as simultaneously enchanting and non-threatening, inscrutable yet easy to use,” writes Bergen.57 She cites Steve Jobs’s nickname, “the Magician,” as a name that stuck after he often conducted live performances in which he would reveal Apple’s latest product by pulling it out of a hat.58 This trick, Bergen argues, “conveyed an illusion of mastery over the device that led consumers to believe that they, too, could be in control.”
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Yet it is also due to other dynamics, such as a protracted history of the gendering of technology as either masculine (think “brown goods” like TVs and remote controls) or feminine (think “white goods” like fridges).51 So potent is the gendered imbalance in computing that the journalist, producer, and author Emily Chang labeled the coding culture of Silicon Valley a “Brotopia.”52 She draws attention to the biased recruitment strategies of Silicon Valley tech companies, the members of which historically profiled and mostly hired typical male “geeks,” while more recently setting their sights on overconfident and charismatic men who could follow in the footsteps of information technology (IT) heroes like the late Steve Jobs. In addition, the AI industry has been called out by leading academics and commentators like Kate Crawford and Jack Clark for having a “white guy problem” in an industry characterized by a “sea of dudes.”53 Indeed, the AI Now Institute has identified a “diversity crisis” perpetuated by harassment, discrimination, unfair compensation, and lack of promotion for women and ethnic minorities.54 The institute recommends that “the AI industry needs to make significant structural changes to address systemic racism, misogyny, and lack of diversity.”55 This gender and racial imbalance filters down to the ways in which technologies are imagined and created.56 Scholars such as Safiya Umoja Noble have written about the “algorithms of oppression” that characterize search engines like Google, which reinforce racism and sexism.57 Likewise, web consultant and author Sara Wachter-Boettcher discusses the proliferation of “sexist apps” emerging from the masculine culture of Silicon Valley.58 There has also been considerable criticism leveled at digital voice assistants like Alexa, Siri, and Google Home, and other types of smart wives, for their sexist overtones, diminishing of women in traditional feminized roles, and inability to assertively rebuke sexual advances.59 For example, Microsoft’s Cortana and Mycroft assistants take their names as well as identities from gamer and sci-fi culture, respectively, both of which have been widely critiqued as highly sexist domains.60 Likewise, assistants like Microsoft’s Ms.
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See Center for Long-Term Cybersecurity, Cybersecurity Future 2020 (Berkeley: Center for Long-Term Cybersecurity, University of California at Berkeley, 2016), https://cltc.berkeley.edu/2016/04/28/cybersecurity-futures-2020/. 56. Tanczer et al., “Emerging Risks in the IoT Ecosystem,” 4. 57. Bergen, “I’d Blush If I Could,” 100. 58. “Steve Jobs: The Magician,” Economist, October 8, 2011, https://www.economist.com/leaders/2011/10/08/the-magician. 59. Bergen, “I’d Blush If I Could,” 100. 60. This corresponds with the findings in International Risk Governance Council, IRGC Guidelines for Emerging Risk Governance (Lausanne, Switzerland: International Risk Governance Council, 2015), https://www.irgc.org/risk-governance/emerging-risk/a-protocol-for-dealing-with-emerging-risks/. 61.
Don't Make Me Think, Revisited: A Common Sense Approach to Web Usability by Steve Krug
collective bargaining, game design, Garrett Hardin, job satisfaction, Kickstarter, Lean Startup, Mark Zuckerberg, speech recognition, Steve Jobs, Tragedy of the Commons
Even when I’m using my desktop computer to do all the things I’ve always done on the Web (buying stuff, making travel plans, connecting with friends, reading the news, and settling bar bets), the sites I use tend to be much more powerful and useful than their predecessors. We’ve come to expect things like autosuggest and autocorrect, and we’re annoyed when we can’t pay a parking ticket or renew a driver’s license online. Usability went mainstream. In 2000, not that many people understood the importance of usability. Now, thanks in large part to Steve Jobs (and Jonathan Ive), almost everyone understands that it’s important, even if they’re still not entirely sure what it is. Except now they usually call it User Experience Design (UXD or just UX), an umbrella term for any activity or profession that contributes to a better experience for the user.
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UX sees its role as taking the users’ needs into account at every stage of the product life cycle, from the time they see an ad on TV, through purchasing it and tracking its delivery online, and even returning it to a local branch store. The good news is that there’s a lot more awareness now of the importance of focusing on the user. Steve Jobs (and Jonathan Ive) made a very compelling business case for UX, and as a result usability is an easier sell than it was even a few years ago. The bad news is that where usability used to be the standard bearer for user-friendly design, now it’s got a lot of siblings looking for seats at the table, each convinced that their set of tools are the best ones for the job.
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There were various attempts at solutions, even some profoundly debased “mobile” versions of sites (remember pressing numbers to select numbered menu items?) and, as usual, the early adopters and the people who really needed the data muddled through. But Apple married more computer horsepower (in an emotionally pleasing, thin, aesthetic package—why are thin watches so desirable?) with a carefully wrought browser interface. One of Apple’s great inventions was the ability to scroll (swiping up and down) and zoom in and out (pinching and...unpinching) very quickly. (It was the very quickly part—the responsiveness of the hardware—that finally made it useful.)
Who’s Raising the Kids?: Big Tech, Big Business, and the Lives of Children by Susan Linn
Albert Einstein, algorithmic bias, Apple's 1984 Super Bowl advert, augmented reality, benefit corporation, Big Tech, big-box store, BIPOC, Black Lives Matter, British Empire, cashless society, clean water, coronavirus, COVID-19, delayed gratification, digital divide, digital rights, disinformation, Donald Trump, Elon Musk, en.wikipedia.org, fake news, gamification, George Floyd, Howard Zinn, impulse control, Internet of things, Isaac Newton, Jaron Lanier, Jeff Bezos, Kevin Roose, Khan Academy, language acquisition, late fees, lockdown, longitudinal study, Mark Zuckerberg, market design, meta-analysis, Minecraft, neurotypical, new economy, Nicholas Carr, planned obsolescence, plant based meat, precautionary principle, Ralph Nader, RAND corporation, randomized controlled trial, retail therapy, Ronald Reagan, Salesforce, Shoshana Zuboff, Silicon Valley, Snapchat, Steve Jobs, surveillance capitalism, techlash, theory of mind, TikTok, Tim Cook: Apple
More than anyone, the people creating these technologies must be familiar with the potential harms to children. It was the late Steve Jobs, who when asked whether his kids love the iPad replied, “They haven’t used it.” He then explained, “We limit how much technology our kids use at home.”13 But I see another, more subtle, message. If, the argument goes, the people making the technologies protect their children from using—or overusing—them, then shouldn’t, or couldn’t, other parents set limits as well? The flaw in this argument has to do with two messages implied in Steve Jobs’s admission that he kept his kids away from the iPad. The first is, “if I can protect my kids, then so can everyone else.”
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Betsy Morris, “How Fortnite Triggered an Unwinnable War Between Parents and Their Boys; the Last-Man-Standing Videogame Has Grabbed onto American Boyhood, Pushing Aside Other Pastimes and Hobbies and Transforming Family Dynamics,” Wall Street Journal Online, December 21, 2018. 13. Nick Bilton, “Steve Jobs Was a Low-Tech Parent,” New York Times, September 10, 2014. 14. Bianca Bosker, “Tristan Harris Believes Silicon Valley Is Addicting Us to Our Phones. He’s Determined to Make It Stop,” Atlantic Monthly 318, no. 4 (November 2016): 56–58, 60, 62, 64–65, search.proquest.com/docview/1858228137/abstract/FBF7AA159CE64354PQ/1. 15.
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The screen explodes into a bright white light, and we see and hear the following words: “On January 24th Apple Computer will launch Macintosh, and you’ll see why 1984 won’t be like 1984.” The ad launched a decades-long marketing trajectory that positioned Apple as antiauthoritarian, pro-freedom, pro-democracy, and pro-nonconformity. In 2015, Apple’s CEO Tim Cook reinforced this branding when he was interviewed about privacy on National Public Radio. He described privacy as “a fundamental human right,”41 and claimed that Apple was more protective of its customers than other tech companies were. Yet in 2017, Apple began allowing the highly authoritarian, nondemocratic Chinese government to access data from all Chinese citizens who stored data in Apple’s iCloud—including their contacts, photos, text files, and calendars.42 Four years later, the New York Times quoted Nicholas Bequelin, East Asia director for the human rights group Amnesty International, describing Apple as a “cog in the censorship machine that presents a government-controlled version of the internet.”
Bootstrapped: Liberating Ourselves From the American Dream by Alissa Quart
2021 United States Capitol attack, 3D printing, affirmative action, Affordable Care Act / Obamacare, Alan Greenspan, Bernie Sanders, Black Lives Matter, Burning Man, Capital in the Twenty-First Century by Thomas Piketty, carried interest, coronavirus, COVID-19, critical race theory, crowdsourcing, Daniel Kahneman / Amos Tversky, David Graeber, defund the police, Donald Trump, Elon Musk, financial independence, fixed income, George Floyd, gig economy, glass ceiling, high net worth, housing justice, hustle culture, illegal immigration, impact investing, income inequality, independent contractor, invisible hand, Jeff Bezos, lockdown, longitudinal study, loss aversion, Lyft, Marc Benioff, Mark Zuckerberg, meta-analysis, microaggression, Milgram experiment, minimum wage unemployment, multilevel marketing, obamacare, Overton Window, payday loans, post-work, Ralph Waldo Emerson, ride hailing / ride sharing, Ronald Reagan, Salesforce, Scientific racism, sharing economy, Sheryl Sandberg, side hustle, Silicon Valley, Silicon Valley ideology, Snapchat, social distancing, Steve Jobs, Steve Wozniak, tech worker, TED Talk, Travis Kalanick, trickle-down economics, Uber and Lyft, uber lyft, union organizing, W. E. B. Du Bois, wealth creators, women in the workforce, working poor, Works Progress Administration
Her contemporary followers are legion and include the King-of-the-NASDAQ-by-way-of-Burning Man Travis Kalanick, cofounder of Uber, who had the cover of a Rand book as his Twitter avatar, as well as the founder of Snapchat, Evan Spiegel, and Twitter’s Jack Dorsey. Lisa Duggan, in her account of Rand entitled Mean Girl, writes that the most “influential figure in the industry, after all, isn’t Steve Jobs or Sheryl Sandberg, but rather Ayn Rand.” Apple’s cofounder Steve Wozniak even called Rand’s Atlas Shrugged one of Jobs’s “guides in life.” Rand’s version of self-made absolutism is particularly attractive to these people, because they tend to be more absolutist: no one may contradict their point of view. As Adrian Daub wrote scathingly of her allure, “Who is teaching them [bro-grammers] that when they press a button on their keyboard, millions, or even billions, of people can be affected, sometimes in terrifying ways?
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At the same time, Americans think their odds of success, and of rising from the bottom to the top, are much higher than they are, and they have greater expectations based on more slender reeds than those relied on by their European counterparts. When running in 2012 as the Republican candidate for president, Mitt Romney announced at a town hall in Ohio, “To say that Steve Jobs didn’t build Apple, that Henry Ford didn’t build Ford Motors, that Papa John [Schnatter] didn’t build Papa John’s pizza . . . [is] not just foolishness. It’s insulting to every entrepreneur, every innovator in America.” (Romney might have considered retiring entrepreneurial heroes, as Robert Reich suggested we should do in the 1980s, exchanging the archetype of the Executive Alone with a more honest model that prized teams of coworkers.)
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In their 2018 study in American Economic Review, “Intergenerational Mobility and Preferences for Redistribution,” the other pessimistic, mobility-doubting countries in the study included Italy and Sweden, and the authors found “strong political polarization. Left-wing respondents are more pessimistic about mobility: their preferences for redistribution are correlated with their mobility perceptions.” “To say that Steve Jobs didn’t build Apple”: Romney’s line about Papa John’s was clearly part of the Romney campaign’s response to then–President Barack Obama’s speech the previous week in Virginia, where he said, “If you’ve got a business—you didn’t build that,” implying how interdependent entrepreneurs and workers are, but it was also just as clearly part of the rich fiction of self-propulsion.
The Golden Passport: Harvard Business School, the Limits of Capitalism, and the Moral Failure of the MBA Elite by Duff McDonald
"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, activist fund / activist shareholder / activist investor, Affordable Care Act / Obamacare, Albert Einstein, Apollo 13, barriers to entry, Bayesian statistics, Bear Stearns, Bernie Madoff, Bob Noyce, Bonfire of the Vanities, business cycle, business process, butterfly effect, capital asset pricing model, Capital in the Twenty-First Century by Thomas Piketty, Carl Icahn, Clayton Christensen, cloud computing, collateralized debt obligation, collective bargaining, commoditize, compensation consultant, corporate governance, corporate raider, corporate social responsibility, creative destruction, deskilling, discounted cash flows, disintermediation, disruptive innovation, Donald Trump, eat what you kill, Fairchild Semiconductor, family office, financial engineering, financial innovation, Frederick Winslow Taylor, full employment, George Gilder, glass ceiling, Glass-Steagall Act, global pandemic, Gordon Gekko, hiring and firing, Ida Tarbell, impact investing, income inequality, invisible hand, Jeff Bezos, job-hopping, John von Neumann, Joseph Schumpeter, junk bonds, Kenneth Arrow, Kickstarter, Kōnosuke Matsushita, London Whale, Long Term Capital Management, market fundamentalism, Menlo Park, Michael Milken, new economy, obamacare, oil shock, pattern recognition, performance metric, Pershing Square Capital Management, Peter Thiel, planned obsolescence, plutocrats, profit maximization, profit motive, pushing on a string, Ralph Nader, Ralph Waldo Emerson, RAND corporation, random walk, rent-seeking, Ronald Coase, Ronald Reagan, Sam Altman, Sand Hill Road, Saturday Night Live, scientific management, shareholder value, Sheryl Sandberg, Silicon Valley, Skype, Social Responsibility of Business Is to Increase Its Profits, Steve Jobs, Steve Jurvetson, survivorship bias, TED Talk, The Nature of the Firm, the scientific method, Thorstein Veblen, Tragedy of the Commons, union organizing, urban renewal, vertical integration, Vilfredo Pareto, War on Poverty, William Shockley: the traitorous eight, women in the workforce, Y Combinator
In 1968, he funded two of the Fairchild Eight once again, kicking in $300,000 (along with Venrock’s Peter Crisp, below) when Bob Noyce and Gordon Moore bolted Fairchild to found Intel. A subsequent call from former Intel employee Mike Markkula led Rock to invest in Apple Computer. Interestingly, the HBS-bred Rock never found a true connection with the iconoclastic Steve Jobs, and supported the hiring of Pepsi-Cola president John Sculley to replace Jobs as CEO of Apple in 1983. Sculley’s tenure was marked by both highs (for example, the introduction of the PowerBook) and lows (for example, the ouster of Jobs, the commitment to the PowerPC chip), but Apple didn’t truly soar until its visionary cofounder returned. There are some things that the MBA crowd cannot do.
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In 2014, HBS professor Rakesh Khurana was named dean of Harvard College. In 2015, HBS professor Clayton Rose was named president of Bowdoin College. Also in 2005, Joel Podolny, who had served as director of research while on the faculty of HBS, was named dean of the Yale School of Management. He was later hired by Steve Jobs as dean of Apple’s in-house corporate university, which is surely the best-paying business school deanship on the planet. From that perch, Podolny wrote a devastating critique of his former business school colleagues in the June 2009 issue of the Harvard Business Review, “The Buck Stops (and Starts) at Business School.”
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But he is also quick to acknowledge the limitations of the degree, in particular the fact that it doesn’t turn you into a different person but simply allows you to hone those skills that are helpful in an institutional setting. “Getting an MBA doesn’t turn you into Steve Jobs or Bill Gates,” he says. “I am reluctant to say this, but God creates those people. I don’t mean that in the religious sense, just that they are completely unique intellects. People who are going to give us highly unusual ‘alphabet-inventing’ kinds of changes don’t need MBAs. Some of them barely keep touch with reality, like Steve Jobs. What the MBA does is takes smart people and makes them more effective, more knowledgeable, and more sensitive to what can go right, wrong, and how.
The Internet of Us: Knowing More and Understanding Less in the Age of Big Data by Michael P. Lynch
Affordable Care Act / Obamacare, Amazon Mechanical Turk, big data - Walmart - Pop Tarts, bitcoin, Cass Sunstein, Claude Shannon: information theory, cognitive load, crowdsourcing, data science, Edward Snowden, Firefox, Google Glasses, hive mind, income inequality, Internet of things, John von Neumann, meta-analysis, Nate Silver, new economy, Nick Bostrom, Panopticon Jeremy Bentham, patient HM, prediction markets, RFID, sharing economy, Steve Jobs, Steven Levy, the scientific method, The Wisdom of Crowds, Thomas Kuhn: the structure of scientific revolutions, Twitter Arab Spring, WikiLeaks
Falsehood, Fakes and the Noble Lie When the monologist Mike Daisey got up in front of an audience at Georgetown University in 2012, he was in the midst of a media firestorm. Daisey was the author of a brilliant, funny and very biting show called The Agony and Ecstasy of Steve Jobs. In the show, which has no official script, Daisey—a self-confessed techno-geek of epic proportions—describes his awakening to the facts about the production of the Apple products he loves so much, in particular his iPhone. He talks about how, posing as a businessman, he was able to get into the plant in China where all such phones are made—an operation of staggeringly immense and dehumanizing size.
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Academia.edu, 135 accuracy, 14, 27–31, 39–40, 44–45, 130 of data searches, 163 sacrificed for a “noble lie,” 78–80, 82 Achilles, 13 actionable information, defined, 14 Affordable Care Act, 122–23 Afghanistan War, 137 Agarwal, Anant, 150 Agony and the Ecstasy of Steve Jobs, The, 77 “aha” moments, 175, 176 AIDS, 198 airport body scans, 108, 109 Alexandria, library of, 8 Amazing Stories, 41 Amazon, 9, 80–81, 136, 141 tracking by, 90, 97, 105 Amherst University, 152 Anderson, Chris, 156–60, 182 “animal” knowledge, 131 answer “cards,” 66 AnswersinGenesis.org, 48 anterograde amnesia, 168–69 Apple, 77 a priori beliefs, 47 Arabic language, 81 Arab Spring, 66 architecture, as analogy for structure of knowledge, 126–28 “Are We Living in a Computer Simulation?”
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Being Reasonable: Uploading Reasons Imagine you want to buy a good apple from folks who have their own apple-sorting device. They claim it is great at picking out the good apples from the bad. Does that help you decide whether to buy one of their apples? Not really—even if they were to later turn out to be right. For unless you already have reason to trust them, the mere fact they say they have a reliable apple-sorter is of little use to you. And that remains the case even if they are actually right—they really do have the good apples. Analogously, where the issue isn’t sorting good apples from bad but true information from false, my merely saying I’ve got good information isn’t generally enough to make you want to buy it—even if I really do have a way of telling the difference between what’s true and what isn’t.
The Lucky Years: How to Thrive in the Brave New World of Health by David B. Agus
"World Economic Forum" Davos, active transport: walking or cycling, Affordable Care Act / Obamacare, Albert Einstein, Apollo 11, autism spectrum disorder, butterfly effect, clean water, cognitive dissonance, CRISPR, crowdsourcing, Danny Hillis, Drosophila, Edward Jenner, Edward Lorenz: Chaos theory, en.wikipedia.org, epigenetics, fake news, Kickstarter, Larry Ellison, longitudinal study, Marc Benioff, medical residency, meta-analysis, microbiome, microcredit, mouse model, Murray Gell-Mann, Neil Armstrong, New Journalism, nocebo, parabiotic, pattern recognition, personalized medicine, phenotype, placebo effect, publish or perish, randomized controlled trial, risk tolerance, Salesforce, statistical model, stem cell, Steve Jobs, Thomas Malthus, wikimedia commons
And dozens more will soon follow, if they haven’t already by the time you read this book. I am confident that within five to ten years, each one of us can be living a life of prevention that’s so attuned to our individual contexts that diseases of today will be virtually eradicated. But this requires that we each get started now. Steve Jobs’s Other Legacy In 2007, I was asked to be on Steve Jobs’s medical team to help with his care and serve as a sounding board for him to discuss all the specialists he had in his circle. He was trying to stay as many steps ahead of his cancer as possible. This particular cadre of specialists not only included a handful of doctors from Stanford, close to where Steve lived and worked, but also entailed collaborations with Johns Hopkins and the Broad Institute of MIT and Harvard, as well as the liver transplant program of the University of Tennessee.
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When Miss Lunsford, a nutritionist and graduate student at Cornell University working in the lab of biochemist and gerontologist Clive McCay, shared these results at a gathering to focus on the problems of aging led by the New York Academy of Medicine, no one—not even Lunsford and her teammates—could explain this “age-reversal” transformation. The year was 1955, the same year the Food and Drug Administration approved the polio vaccine, the power of the placebo effect was first written about, Albert Einstein died at the age of seventy-six, and Steve Jobs and Bill Gates were born.2 Miss Lunsford’s procedure, anatomically linking two organisms, had a name by then—parabiosis. But while this wasn’t the first time it had been performed, her explorations were among the first to use parabiosis to study aging. And they weren’t without their challenges.
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But now we’re finally seeing some hope with new technologies such as sequencing tumors and targeting cancerous growths molecularly with pills that essentially turn off the switch that makes a cell go rogue. This buys one of the most precious commodities: time. For a patient with a terminal illness, an extra few weeks or a month can be significant—especially if there’s hope of a new therapy around the corner. Molecular targeting is used much more commonly now than it was when we employed it for Steve Jobs’s therapy, but it doesn’t work in everyone; it is currently helping about 20 to 30 percent of cancer patients, across all types of cancers. And it can be expensive, but I predict this will change as various economic forces drive costs down. To get a closer sense of how molecular targeting works, take a look at the following.
Fabricated: The New World of 3D Printing by Hod Lipson, Melba Kurman
3D printing, a long time ago in a galaxy far, far away, additive manufacturing, barriers to entry, Berlin Wall, carbon footprint, Charles Babbage, cloud computing, crowdsourcing, DIY culture, dumpster diving, Easter island, en.wikipedia.org, factory automation, Free Software Foundation, game design, global supply chain, invisible hand, James Watt: steam engine, Jeff Bezos, Kickstarter, Lean Startup, lifelogging, Mars Rover, Marshall McLuhan, microcredit, Minecraft, Neal Stephenson, new economy, off grid, personalized medicine, planned obsolescence, printed gun, Ray Kurzweil, Richard Feynman, stem cell, Steve Jobs, technological singularity, TED Talk, the long tail, the market place
Small artisan-style businesses can earn a living by designing and selling custom 3D printed custom machine parts or jewelry or objets d’art. Someday, the technological limitations and barriers that discourage every day use will gradually diminish. The key is to make 3D printing technologies more fun, more social, and of course easier to use. Such an approach is reminiscent of Apple’s early consumer strategy. A few decades ago, when personal computing was just coming into the mainstream, Steve Jobs explained why regular people liked the Macintosh. “Most people have no concept of how an automatic transmission works, yet they know how to drive a car. You don't have to study physics to understand the laws of motion to drive a car.” When the 3D printing world comes up with its own killer app and creates a vibrant user-friendly, end-to-end platform, the market will explode.
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Fifty percent of people over 50 could use a replacement spinal disc. Despite the overwhelming demand, replacement body parts are hard to find, and they cost a lot. According to the United Network for Organ Sharing (UNOS), only 1 to 2 percent of the population manages to die in a way that makes them potential organ donors.11 Even Steve Jobs, one of the richest men in the world, had to wait for his replacement pancreas, and he still died shortly thereafter. If stem cells are the raw material of bioprinting, 3D printing complicated vascular systems remains the tissue engineering equivalent of the 4-minute mile. In 2004, researchers at the Medical University of South Carolina wrote that “assembly of vascularized 3D soft organs remains a big challenge.”12 Several years later, this still holds true.
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First, making design software intuitive and fun to use. Second, improving the way computers “think” about shapes, because the way computers think about shape dictates, to a large extent, how far they can let us explore. A bicycle for our imagination In a 1990 interview on public television, Steve Jobs described computers as “the most remarkable tool that we've ever come up with. It’s the equivalent of a bicycle for our minds.” His point was that if given technology to boost basic human capacities, humans can dramatically extend the limits of what they are capable of. Unfortunately, for most of us, design software has not yet become a bicycle for our imaginations.
More From Less: The Surprising Story of How We Learned to Prosper Using Fewer Resources – and What Happens Next by Andrew McAfee
back-to-the-land, Bartolomé de las Casas, Berlin Wall, bitcoin, Blitzscaling, Branko Milanovic, British Empire, Buckminster Fuller, call centre, carbon credits, carbon footprint, carbon tax, Charles Babbage, clean tech, clean water, cloud computing, congestion pricing, Corn Laws, creative destruction, crony capitalism, data science, David Ricardo: comparative advantage, decarbonisation, DeepMind, degrowth, dematerialisation, Demis Hassabis, Deng Xiaoping, do well by doing good, Donald Trump, Edward Glaeser, en.wikipedia.org, energy transition, Erik Brynjolfsson, failed state, fake news, Fall of the Berlin Wall, Garrett Hardin, Great Leap Forward, Haber-Bosch Process, Hans Rosling, humanitarian revolution, hydraulic fracturing, income inequality, indoor plumbing, intangible asset, James Watt: steam engine, Jeff Bezos, job automation, John Snow's cholera map, joint-stock company, Joseph Schumpeter, Khan Academy, Landlord’s Game, Louis Pasteur, Lyft, Marc Andreessen, Marc Benioff, market fundamentalism, means of production, Michael Shellenberger, Mikhail Gorbachev, ocean acidification, oil shale / tar sands, opioid epidemic / opioid crisis, Paul Samuelson, peak oil, precision agriculture, price elasticity of demand, profit maximization, profit motive, risk tolerance, road to serfdom, Ronald Coase, Ronald Reagan, Salesforce, Scramble for Africa, Second Machine Age, Silicon Valley, Steve Jobs, Steven Pinker, Stewart Brand, Ted Nordhaus, TED Talk, telepresence, The Wealth of Nations by Adam Smith, Thomas Davenport, Thomas Malthus, Thorstein Veblen, total factor productivity, Tragedy of the Commons, Uber and Lyft, uber lyft, Veblen good, War on Poverty, We are as Gods, Whole Earth Catalog, World Values Survey
So, many farmers learn to get higher yields while using less water and fertilizer, even though they combine these raw materials in different ways. Steve Jobs would certainly have preferred for Apple to be the only provider of smartphones after it developed the iPhone, but he couldn’t maintain the monopoly no matter how many patents and lawsuits he filed. Other companies found ways to combine processors, memory, sensors, a touch screen, and software into phones that satisfied billions of customers around the world. The operating system that powers most non-Apple smartphones is Android, which is both free to use and freely modifiable. Google’s parent company, Alphabet, developed and released Android without even trying to make it excludable; the explicit goal was to make it as widely imitable as possible.
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Innovation is hard to foresee. Neither the fracking revolution nor the world-changing impact of the iPhone’s introduction were well understood in advance. Both continued to be underestimated even after they occurred. The iPhone was introduced in June of 2007, with no shortage of fanfare from Apple and Steve Jobs. Yet several months later the cover of Forbes was still asking if anyone could catch Nokia. Innovation is not steady and predictable like the orbit of the Moon or the accumulation of interest on a certificate of deposit. It’s instead inherently jumpy, uneven, and random. It’s also combinatorial, as Erik Brynjolfsson and I discussed in our book The Second Machine Age.
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Most new technologies and other innovations, we argued, are combinations or recombinations of preexisting elements. The iPhone was “just” a cellular telephone plus a bunch of sensors plus a touch screen plus an operating system and population of programs, or apps. All these elements had been around for a while before 2007. It took the vision of Steve Jobs to see what they could become when combined. Fracking was the combination of multiple abilities: to “see” where hydrocarbons were to be found in rock formations deep underground; to pump down pressurized liquid to fracture the rock; to pump up the oil and gas once they were released by the fracturing; and so on.
Simple Rules: How to Thrive in a Complex World by Donald Sull, Kathleen M. Eisenhardt
Affordable Care Act / Obamacare, Airbnb, Apollo 13, asset allocation, Atul Gawande, barriers to entry, Basel III, behavioural economics, Berlin Wall, carbon footprint, Checklist Manifesto, complexity theory, Craig Reynolds: boids flock, Credit Default Swap, Daniel Kahneman / Amos Tversky, democratizing finance, diversification, drone strike, en.wikipedia.org, European colonialism, Exxon Valdez, facts on the ground, Fall of the Berlin Wall, Glass-Steagall Act, Golden age of television, haute cuisine, invention of the printing press, Isaac Newton, Kickstarter, late fees, Lean Startup, Louis Pasteur, Lyft, machine translation, Moneyball by Michael Lewis explains big data, Nate Silver, Network effects, obamacare, Paul Graham, performance metric, price anchoring, RAND corporation, risk/return, Saturday Night Live, seminal paper, sharing economy, Silicon Valley, Startup school, statistical model, Steve Jobs, TaskRabbit, The Signal and the Noise by Nate Silver, transportation-network company, two-sided market, Wall-E, web application, Y Combinator, Zipcar
Rule 9 is “Never tell a crazy person he’s crazy,” which recognizes that the most creative people are often the most eccentric. Values are another source of rules that often arise from personal experience. Personal values can dictate what is correct and even essential to do. The rules of the late Steve Jobs, for example, dictated the clean, intuitive designs of Apple products for decades and reflect his personal aesthetic. Those who value energy conservation may adopt rules to buy only locally grown organic produce because of its lower transportation costs and avoidance of energy-intensive chemical fertilizers. The rules of the crowdfunding site Indiegogo require that any project be legal and not promote hate or violence, but after that anything goes.
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Each step requires you to make difficult tradeoffs and ask hard questions. But when you consider the costs of developing simple rules, don’t ignore the costs of not using them—the enervation of complicated solutions, for example, or the frustration of failing to achieve your objectives year after year. When explaining how he led Apple’s resurgence from near-bankruptcy, Steve Jobs emphasized the power of simplicity. “You have to work hard to get your thinking clear to make it simple,” Jobs said. “But it is worth it in the end because once you get there you can move mountains.” The payoffs of simplification often dwarf the costs of getting there. The people who benefit from complexity pose a second obstacle to simplicity.
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. [>] As England’s master: Walter Eltis, “Lord Overstone and the Establishment of British Nineteenth-Century Monetary Orthodoxy” (working paper no. 2001-W42, Economics Group, Nuffield College, University of Oxford, December 2001). [>] The financial chaos: Robert L. Hetzel, “Henry Thornton: Seminal Monetary Theorist and Father of the Modern Central Bank,” FRB Richmond Economic Review 73, no. 4 (1987): 3–16. [>] “You have to work: Andy Reinhardt, “Steve Jobs on Apple’s Resurgence: ‘Not a One-Man Show,’” Business Week Online, May 12, 1998, http://www.businessweek.com/bwdaily/dnflash/may1998/nf80512d.htm. [>] Much of the complexity: Scott A. Hodge, “Out with the Extenders, In with the New Obamacare Taxes,” Tax Foundation, Tax Policy Blog, December 31, 2013, http://taxfoundation.org/blog/out-extenders-new-obamacare-taxes. [>] A recent study found: Sophie Shive and Margaret Forster, “The Revolving Door for Financial Regulators” (working paper, University of Notre Dame, May 17, 2014), available at Social Science Research Network, http://ssrn.com/abstract=2348968 or http://dx.doi.org/10.2139/ssrn.2348968. [>] Andy Haldane is: John Cassidy, “The Hundred Most Influential People: Andy Haldane,” Time, April 23, 2014, http://time.com/70833/andy-haldane-2014-time-100/. [>] At a recent conference: Andrew G.
Choose Yourself! by James Altucher
Airbnb, Albert Einstein, Bernie Madoff, bitcoin, cashless society, cognitive bias, dark matter, digital rights, do what you love, Elon Musk, estate planning, John Bogle, junk bonds, Mark Zuckerberg, mirror neurons, money market fund, Network effects, new economy, PageRank, passive income, pattern recognition, payday loans, Peter Thiel, Ponzi scheme, Rodney Brooks, rolodex, Salesforce, Saturday Night Live, sharing economy, short selling, side project, Silicon Valley, Skype, software as a service, Steve Jobs, superconnector, Uber for X, Vanguard fund, Virgin Galactic, Y2K, Zipcar
First of all, if I ever get cancer I want to know it right away. When Steve Jobs first got cancer he decided to use alternative approaches to treat his cancer. I have nothing against alternative approaches. Some work and some don’t. In his case, they did not work. When he finally got tested again, ten months later, he was in a much worse, more advanced stage of a dreadful sort of cancer, pancreatic cancer. What if he could’ve tested himself at home every day instead of going in for a painful surgery? He would’ve known very quickly if the alternative treatments were working. With the tests going on now, I am sure Steve Jobs would still be alive.
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For instance, don’t watch TV, drink, have stupid business calls, don’t play chess during the day, don’t have dinner (I definitely will not starve), don’t go into the city to meet one person at a time for coffee, don’t waste time being angry at that person who did X, Y, and Z to you, and so on. Ten things I learned from X, where X is someone I’ve spoke to recently or read a book by recently. I’ve written posts on this about the Beatles, Mick Jagger, Steve Jobs, Bukowski, the Dalai Lama, Superman, Freakonomics, etc. Ten things women totally don’t know about men. (that turned into a list of one hundred and Claudia said to me, “Uh, I don’t think you should publish this”). Today’s list: Ten more alternatives to college I can add to the book I’m working on to be called Forty Alternatives to College.
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Setting aside his talent for a moment (assume both sides are equally talented), Eminem used a series of cognitive biases to win the battle. For instance, we have a bias toward noticing negative news over positive news. The reason is simple: if you were in the jungle and you saw a lion to your right and an apple tree to your left, you would best ignore the apple tree and run as fast as possible away from the lion. This “negativity bias” is the entire reason newspapers still survive today. We no longer need those shortcuts as much. There aren’t that many lions in the street. But the brain took 400,000 years to evolve and it’s only in the past fifty years maybe that we are relatively safe from most of the dangers that threatened earlier humans.
Quit Like a Millionaire: No Gimmicks, Luck, or Trust Fund Required by Kristy Shen, Bryce Leung
Affordable Care Act / Obamacare, Airbnb, Apollo 13, asset allocation, barriers to entry, buy low sell high, call centre, car-free, Columbine, cuban missile crisis, Deng Xiaoping, digital nomad, do what you love, Elon Musk, fear of failure, financial independence, fixed income, follow your passion, Great Leap Forward, hedonic treadmill, income inequality, index fund, John Bogle, junk bonds, longitudinal study, low cost airline, Mark Zuckerberg, mortgage debt, Mr. Money Mustache, obamacare, offshore financial centre, passive income, Ponzi scheme, risk tolerance, risk/return, side hustle, Silicon Valley, single-payer health, Snapchat, Steve Jobs, subprime mortgage crisis, supply-chain management, the rule of 72, working poor, Y2K, Zipcar
I’ve noticed that the most common type of millionaire, by far, is the Optimizer. This is because unlike the other approaches, the Optimizer’s is mathematically reproducible. I can tell you exactly what I did, and if you copy my moves, you will wind up a millionaire, too. That’s not true for the Hustler or Investor. If you read that Steve Jobs biography and attempt to copy everything he did, well, sorry, Apple already exists. Similarly, if you go after all of Warren Buffett’s stock picks, you won’t reap similar wealth because those stocks are no longer available at the same price as when he bought them. Hustlers and Investors have to discover their own unique path to riches that nobody else has taken—and once they do, it’ll never be an option in exactly that same way again.
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The Backstreet Boys were on top of the charts, the world hadn’t blown up from Y2K, and for most people, a degree was just a means to an end—getting a job. In fact, even though it seems like it’s been around forever, the phrase “follow your passion” is relatively new. According to Benjamin Todd, CEO and founder of 80000Hours.org, the phrase spiked around 2005, when Steve Jobs gave a commencement speech at Stanford, in which he said, “There’s no reason not to follow your heart.”1 Nowadays, we hear that advice over and over again, drawing young graduates like moths to a flame. It’s sexy and empowering. It’s also dangerous. When it came time to pick a college, I evaluated my options mathematically.
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Hustlers tend to gravitate toward entrepreneurial activities, correctly recognizing that trading time for money has a natural ceiling on how much you can earn. You only have so many hours a day, so tying your earnings to time limits your potential. If you become an entrepreneur, on the other hand, there is no upper limit on your earnings, so these people tend to work for themselves. Steve Jobs, Elon Musk, and Mark Zuckerberg are examples of successful Hustlers. Hustlers see the world as endlessly full of opportunities to make money, and if given the chance they will talk your ear off about their next venture (or ventures). They tend not to put much emphasis on controlling their spending, as they view money as an infinitely renewable resource.
The Rise and Fall of the Neoliberal Order: America and the World in the Free Market Era by Gary Gerstle
2021 United States Capitol attack, A Declaration of the Independence of Cyberspace, affirmative action, Affordable Care Act / Obamacare, air traffic controllers' union, Airbnb, Alan Greenspan, Alvin Toffler, anti-communist, AOL-Time Warner, Bear Stearns, behavioural economics, Bernie Sanders, Big Tech, Black Lives Matter, blue-collar work, borderless world, Boris Johnson, Brexit referendum, British Empire, Broken windows theory, business cycle, Capital in the Twenty-First Century by Thomas Piketty, Cass Sunstein, collective bargaining, Cornelius Vanderbilt, coronavirus, COVID-19, creative destruction, crony capitalism, cuban missile crisis, David Brooks, David Graeber, death from overwork, defund the police, deindustrialization, democratizing finance, Deng Xiaoping, desegregation, Dissolution of the Soviet Union, Donald Trump, Electric Kool-Aid Acid Test, European colonialism, Ferguson, Missouri, financial deregulation, financial engineering, Francis Fukuyama: the end of history, Frederick Winslow Taylor, full employment, future of work, Future Shock, George Floyd, George Gilder, gig economy, Glass-Steagall Act, global supply chain, green new deal, Greenspan put, guns versus butter model, Haight Ashbury, Henry Ford's grandson gave labor union leader Walter Reuther a tour of the company’s new, automated factory…, Ida Tarbell, immigration reform, informal economy, invention of the printing press, invisible hand, It's morning again in America, Jeff Bezos, John Perry Barlow, Kevin Kelly, Kitchen Debate, low interest rates, Lyft, manufacturing employment, market fundamentalism, Martin Wolf, mass incarceration, Menlo Park, microaggression, Mikhail Gorbachev, military-industrial complex, millennium bug, Modern Monetary Theory, money market fund, Mont Pelerin Society, mortgage debt, mutually assured destruction, Naomi Klein, neoliberal agenda, new economy, New Journalism, Northern Rock, obamacare, Occupy movement, oil shock, open borders, Peter Thiel, Philip Mirowski, Powell Memorandum, precariat, price stability, public intellectual, Ralph Nader, Robert Bork, Ronald Reagan, scientific management, Seymour Hersh, sharing economy, Silicon Valley, Silicon Valley ideology, Silicon Valley startup, social distancing, Steve Bannon, Steve Jobs, Stewart Brand, Strategic Defense Initiative, super pumped, technoutopianism, Telecommunications Act of 1996, The Bell Curve by Richard Herrnstein and Charles Murray, The Chicago School, The Rise and Fall of American Growth, The Wealth of Nations by Adam Smith, Thomas L Friedman, too big to fail, Uber and Lyft, uber lyft, union organizing, urban decay, urban renewal, War on Poverty, Washington Consensus, We are all Keynesians now, We are the 99%, white flight, Whole Earth Catalog, WikiLeaks, women in the workforce, Works Progress Administration, Y2K, Yom Kippur War
The resulting volume of essays became a foundational text for a new vector of interpretation, labeled the “corporate liberal school,” that would significantly influence the writing of American political history across the next quarter century.66 The third point of intersection would be slower to materialize but more consequential than the first two: one that began to take shape in Silicon Valley, where new forms of venture capitalism were linking up with young engineers imbued with a New Left, and sometimes New Age, belief in the liberating and transformative power of cyberspace. Steve Jobs’s career as a communard and “(apple) tree-hugging” hippie at Reed College is well known, an experience seen as a crucial prelude to his capacity to imagine a new world of freedom arising out of the personal computer. Stewart Brand, the man who invented the phrase “personal computer” and who is credited with helping generations of nerds and hackers to imagine the full potential—and freedom—of cyberspace, spent time in the 1960s alternating between two enthusiasms: first hanging out with Ken Kesey’s group of crazed “merry pranksters” and participating in the psychedelic parties Kesey was hosting at his home near the Stanford University campus; and second, publishing the Whole Earth Catalog, a paperback book of giant dimensions, each page packed with products and how-to information needed by individuals who were fleeing Moloch for communes where they could lead autarchic and self-sufficient lives.67 The Whole Earth Catalog eliminated the advertising, brand promotion, and mindless captions that filled the pages of just about every other catalogue and magazine in the United States at the time.
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The first web browser, Mosaic, launched in 1993; Netscape, the forerunner of Google, debuted in 1994. Jeff Bezos founded Amazon in 1994 and Peter Thiel and his colleagues established PayPal in 1998, which was also the year Google appeared. This was the decade as well in which prodigal son Steve Jobs returned to Apple (in 1996) and put it on the path toward its early twenty-first-century globe-straddling dominance. When Clinton took office in January 1993, an upstart stock exchange, the National Association of Securities Dealers Automated Quotations (NASDAQ), heavily weighted toward these and other technology companies, stood at 670.
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Politics from the Great Depression to the Great Recession (Philadelphia: University of Pennsylvania Press, 2019), 168–185 and 186–203, respectively. See also Paul Sabin, Public Citizen: The Attack on Big Government and the Remaking of American Liberalism (New York: W. W. Norton, 2021). On Steve Jobs, see Walter Isaacson, Steve Jobs (New York: Simon and Schuster, 2011). See also Lily Geismer, “Change Their Heads: The National Homeownership Strategy, Asset Building and Democratic Neoliberalism,” 2019 Organization of American Historians paper, in author’s possession; and Lily Geismer, “Agents of Change: Microenterprise, Welfare Reform, the Clintons, and Liberal Forms of Neoliberalism,” Journal of American History 107 (June 2020), 107–131. 70.A full genealogy of that heist remains to be written.
Advertisers at Work by Tracy Tuten
accounting loophole / creative accounting, centre right, content marketing, crowdsourcing, follow your passion, longitudinal study, Mark Zuckerberg, QR code, Sheryl Sandberg, side project, Silicon Valley, Skype, Steve Jobs, TED Talk
Learn more at www.ted.com. 2TED, “Sheryl Sandberg: Why we have too few women leaders,” www.ted.com/talks/lang/en/sheryl_sandberg_why_we_have_too_few_women_leaders.html, December 2010. 3TED, “Madeleine Albright: On being a woman and a diplomat,” www.ted.com/talks/madeleine_albright_on_being_a_woman_and_a_diplomat.html, February 2011. 4The Volkswagen “Milky Way” spot aired in 1999 and was thought to be Volkswagen’s best advertising until its 2011 spot, “The Force.” Readers can see the ad and learn more about it at www.adweek.com/adfreak/battle-vw-ads-force-vs-milky-way-11593. 5Read the transcript and watch the video of Steve Jobs’ Stanford commencement address at www.npr.org/blogs/thetwo-way/2011/10/06/141120359/read-and-watch-steve-jobs-stanford-commencement-address. CHAPTER 3 Luke Sullivan Former Creative Director GSD&M Idea City * * * After 30 years and 21 One Show Pencils in the ad business, author Luke Sullivan is now chair of the advertising department at the Savannah College of Art and Design (SCAD).
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Someday I’d love to work abroad. I grew up in Europe and I would really love to give my kids the experience of living in another country during their childhood. I feel like my answer is all over the place. I don’t make firm career plans because I worry it will give me tunnel vision. Have you seen Steve Jobs’ speech to the Stanford graduating class? I’m sure it’s online.5 In it, he talks about how new opportunities will present themselves to you. They will be opportunities that you never thought of. These opportunities occur when you follow your passions. They don’t happen because you followed a career ladder or some predictable schedule for career growth—just when you follow a passion and are committed to excellence in your work.
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They’ve become probably the most powerful force in advertising. I think that’s mind-boggling. On the one hand, it’s kind of amazing and cool. On the other hand, it’s like, “How did we let that happen?” A lot of the issues that we seem to have with the industry come from the outsiders—complete outsiders. Look at the music industry. Steve Jobs came in and completely transformed the music industry [with the introduction of the iPod and iTunes]. All these music industry people, many of whom got into the business because they love music and they worship the artists that create it, suddenly found themselves not in command of the industry they created.
The Digital Divide: Arguments for and Against Facebook, Google, Texting, and the Age of Social Netwo Rking by Mark Bauerlein
Alvin Toffler, Amazon Mechanical Turk, Andrew Keen, business cycle, centre right, citizen journalism, collaborative editing, computer age, computer vision, corporate governance, crowdsourcing, David Brooks, digital divide, disintermediation, folksonomy, Frederick Winslow Taylor, Future Shock, Hacker News, Herbert Marcuse, Howard Rheingold, invention of movable type, invention of the steam engine, invention of the telephone, Jaron Lanier, Jeff Bezos, jimmy wales, Kevin Kelly, knowledge worker, late fees, Lewis Mumford, Mark Zuckerberg, Marshall McLuhan, means of production, meta-analysis, moral panic, Network effects, new economy, Nicholas Carr, PageRank, PalmPilot, peer-to-peer, pets.com, radical decentralization, Results Only Work Environment, Saturday Night Live, scientific management, search engine result page, semantic web, Silicon Valley, slashdot, social graph, social web, software as a service, speech recognition, Steve Jobs, Stewart Brand, technology bubble, Ted Nelson, the long tail, the strength of weak ties, The Wisdom of Crowds, Thorstein Veblen, web application, Yochai Benkler
But let me say this much: The rise of the Internet has challenged our minds in three fundamental and related ways: by virtue of being participatory, by forcing users to learn new interfaces, and by creating new channels for social interaction. Almost all forms of sustained online activity are participatory in nature: writing e-mails, sending IMs, creating photo logs, posting two-page analyses of last night’s Apprentice episode. Steve Jobs likes to describe the difference between television and the Web as the difference between lean-back and sit-forward media. The networked computer makes you lean in, focus, engage, while television encourages you to zone out. (Though not as much as it used to, of course.) This is the familiar interactivity-is-good-for-you argument, and it’s proof that the conventional wisdom is, every now and then, actually wise.
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Buzzwords from the old dot-com era—like “cool,” “eyeballs,” or “burn-rate”—have been replaced in Web 2.0 by language which is simultaneously more militant and absurd: Empowering citizen media, radically democratize, smash elitism, content redistribution, authentic community.... This sociological jargon, once the preserve of the hippie counterculture, has now become the lexicon of new media capitalism. Yet this entrepreneur owns a $4 million house a few blocks from Steve Jobs’s house. He vacations in the South Pacific. His children attend the most exclusive private academy on the peninsula. But for all of this he sounds more like a cultural Marxist—a disciple of Gramsci or Herbert Marcuse—than a capitalist with an MBA from Stanford. In his mind, “big media”—the Hollywood studios, the major record labels and international publishing houses—really did represent the enemy.
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It’s eerily similar to Marx’s seductive promise about individual self-realization in his German Ideology: Whereas in communist society, where nobody has one exclusive sphere of activity but each can become accomplished in any branch he wishes, society regulates the general production and thus makes it possible for me to do one thing today and another tomorrow, to hunt in the morning, fish in the afternoon, rear cattle in the evening, criticise after dinner, just as I have a mind, without ever becoming hunter, fisherman, shepherd or critic. Just as Marx seduced a generation of European idealists with his fantasy of self-realization in a communist utopia, so the Web 2.0 cult of creative self-realization has seduced everyone in Silicon Valley. The movement bridges countercultural radicals of the ’60s such as Steve Jobs with the contemporary geek culture of Google’s Larry Page. Between the bookends of Jobs and Page lies the rest of Silicon Valley, including radical communitarians like Craig Newmark (of Craigslist.com), intellectual property communists such as Stanford Law professor Larry Lessig, economic cornucopians like Wired magazine editor Chris “Long Tail” Anderson, and new media moguls Tim O’Reilly and John Battelle.
The Nowhere Office: Reinventing Work and the Workplace of the Future by Julia Hobsbawm
8-hour work day, Airbnb, augmented reality, Bertrand Russell: In Praise of Idleness, Black Lives Matter, blockchain, Cal Newport, call centre, Cass Sunstein, collective bargaining, coronavirus, corporate governance, corporate social responsibility, COVID-19, David Graeber, death from overwork, Diane Coyle, digital capitalism, digital nomad, driverless car, emotional labour, future of work, George Floyd, gig economy, glass ceiling, global pandemic, Google Hangouts, Greensill Capital, job satisfaction, karōshi / gwarosa / guolaosi, knowledge economy, knowledge worker, lockdown, Mark Zuckerberg, Martin Wolf, means of production, megacity, Neal Stephenson, Ocado, pensions crisis, remote working, San Francisco homelessness, Second Machine Age, shareholder value, Sheryl Sandberg, Silicon Valley, Skype, Snow Crash, social distancing, solopreneur, Steve Jobs, systems thinking, TED Talk, The Great Resignation, the long tail, the strength of weak ties, TikTok, Tim Cook: Apple, Upton Sinclair, WeWork, work culture
We still don’t want an office – but we know now just how much we want to be together. That’s our identity now: the Team. Sanjay Nazerali is the global client and brand president of Dentsu X, the Japanese-owned fastest-growing advertising agency in the world. He explained: Culture used to be all about the brand – Steve Jobs’s minimalist Apple branding, or the colour black being the cool colour. These are reference points but now the culture of how we work, of what comes out of a new collaborative culture of working is what will inform the identity of brands. Talent is the new frontier, and you can create a new identity culture in this new nowhere quite successfully, it turns out.
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But the new schedules and team configurations that hybrid working demands offer an opportunity to rethink these structures and make things simpler. Simplicity itself is a valuable and proven strategic tool:12 General Electric’s famous ‘Speed, simplicity, self-confidence’ strategy; the KISS principle in the US Navy (which stood for ‘Keep It Simple, Stupid’); Steve Jobs’s maxim that with simplicity ‘you can move mountains’ are all evidence that while we have to respect the complexity of the human, the systems to support us at work need to be as simple and straightforward as possible.13 The first step is to acknowledge the sheer complexity engulfing the way management and leadership is expected to operate.
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‘Google May Cut Pay of Staff Who Work from Home’, BBC News, 11 August 2021, https://www.bbc.co.uk/news/business-58171716 22. Sarah O’Connor, ‘Cutting Pay for Remote Workers is a Risky Move’, Financial Times, 17 August 2021, https://www.ft.com/content/a37150e3-7480-4181-90e4-1ce9dc5d1d39 23. Zoe Schiffer, ‘Apple Employees Push Back Against Returning to the Office in Internal Letter’, Verge, 4 June 2021, https://www.theverge.com/2021/6/4/22491629/apple-employees-push-back-return-office-internal-letter-tim-cook 24. ‘11.8% CAGR, Employee Communication Software Market is Emerging with $1,780.09 Million by 2027’, Industry Today, 8 June 2021, https://industrytoday.co.uk/it/11-8--cagr--employee-communication-software-market-is-emerging-with--1-780-09-million-by-2027 25.
Eat People: And Other Unapologetic Rules for Game-Changing Entrepreneurs by Andy Kessler
23andMe, Abraham Maslow, Alan Greenspan, Andy Kessler, bank run, barriers to entry, Bear Stearns, behavioural economics, Berlin Wall, Bob Noyce, bread and circuses, British Empire, business cycle, business process, California gold rush, carbon credits, carbon footprint, Cass Sunstein, cloud computing, collateralized debt obligation, collective bargaining, commoditize, computer age, Cornelius Vanderbilt, creative destruction, disintermediation, Douglas Engelbart, Dutch auction, Eugene Fama: efficient market hypothesis, fiat currency, Firefox, Fractional reserve banking, George Gilder, Gordon Gekko, greed is good, income inequality, invisible hand, James Watt: steam engine, Jeff Bezos, job automation, Joseph Schumpeter, junk bonds, Kickstarter, knowledge economy, knowledge worker, Larry Ellison, libertarian paternalism, low skilled workers, Mark Zuckerberg, McMansion, Michael Milken, Money creation, Netflix Prize, packet switching, personalized medicine, pets.com, prediction markets, pre–internet, profit motive, race to the bottom, Richard Thaler, risk tolerance, risk-adjusted returns, Silicon Valley, six sigma, Skype, social graph, Steve Jobs, The Wealth of Nations by Adam Smith, transcontinental railway, transfer pricing, vertical integration, wealth creators, Yogi Berra
By getting rid of an entire swath of middlemen, and lowering prices for all of us, he turned himself into a multibillionaire. I met Steve Jobs as he was getting thrown out of Apple, and once more as he headed back in, when he expanded the company’s mission from designing computers to MP3 players and then smart phones and tablets that have made it easier for all of us to get information by voice or by Web wherever we might find ourselves. He got rich—and you and I got richer lives. I met Ed Catmull while sitting on the floor at LAX waiting for a delayed flight back to SFO. Pixar was working on its first feature film, Toy Story, which pioneered a whole new way to tell compelling stories. He (and Steve Jobs) got rich, but the rest of us got to see spectacular movies for ten bucks.
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They do design a few of them, but not all of them, and others manufacture the chips. Yes, Apple is maniacal about their operating system, keeping it closed, but they do allow others to write applications. Today, the number of third-party mobile apps in their online store is a huge differentiator, with billions of downloads in 2010. Early reviews of a wannabe competitor, the Palm Pre, pointed to the lack of apps for the device. Outside manufacturers like Belkin offer all sorts of Apple accessories, from laptop stands to iPhone cases. And the Apple Stores are as much a marketing campaign to make you feel good about buying (and overpaying for) Apple products as a drive for verticality.
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It’s a pipe because music purchased on iTunes only plays on iPods and iPhones and iPads and also your PC. Using DRM, or digital rights management, Apple created a pretty ironclad pipe. With this pipe, Apple could charge actual money for songs and videos. Even if they lose money selling this stuff, they can make it up selling iPods and iPhones. Music CDs can still be ripped—you don’t actually have to buy music when piracy is a viable option. This plays to Apple’s advantage—they don’t have to sell you everything, just enough. Let me say it again, because it’s very doable—a tight coupling between server and device is Apple’s virtual pipe, tunneling right through that Internet cloud.
Kitten Clone: Inside Alcatel-Lucent by Douglas Coupland
"World Economic Forum" Davos, British Empire, cable laying ship, Claude Shannon: information theory, cosmic microwave background, Downton Abbey, Golden arches theory, Great Leap Forward, Hibernia Atlantic: Project Express, hiring and firing, industrial research laboratory, Isaac Newton, Jeff Bezos, Marshall McLuhan, messenger bag, military-industrial complex, Neal Stephenson, oil shale / tar sands, pre–internet, quantum entanglement, Richard Feynman, Silicon Valley, Skype, Steve Jobs, tech worker, technological determinism, TED Talk, Turing machine, undersea cable, upwardly mobile, urban planning, UUNET, Wall-E
T14.5.C69 2014 303.48′3 C2013-908606-4 v3.1 Cover Title Page Copyright Introduction Fugue Belfort, France, 1871 Past Berkeley Heights, New Jersey, USA Holmdel Township, New Jersey, USA Present Paris, France Calais, France Kanata, Ontario, Canada Future Pudong, Shanghai, China About the Authors Introduction You’re holding a book about a company you’ve most likely never heard of. This company has no Steve Jobs, nor does it have a CEO who jet-skis with starlets. It’s only the 461st largest company on earth, but were it to vanish tomorrow, our modern world would immediately be the worse for its absence, with global communications severely crippled until its competitors swooped in to fill the void. Your home and office Internet would be slowed right down, if not stopped altogether.
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“Another ad shows a female executive using a touch-tone phone booth in a crowded railway terminus. On the screen above the phone, a baby appears. ‘Have you ever tucked your baby in … from a phone booth?’ The commercial gets Skype and video chat right, but it’s happening at a payphone booth. So the rule of futurology really is: Always make it more extreme. This was Steve Jobs’ genius. He would never have allowed a payphone to appear in a commercial about the future.” (Later that night I go to view more of the commercials in my hotel room. The Internet being the Internet, of course, the comments following the YouTube clips maintain its sense of anarchical freedom: “Have you ever attended a funeral from a toilet?
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< br > Once inside the building proper, I meet Deb McGregor from the press department—a glamorous person from the school of Money-penny whose rock-hard fist it probably was that knocked you out cold in Jakarta. Our schedule is tight. Deb takes me past a set of windows overlooking a courtyard area to the west, where an apple tree is dozing through the winter. She tells me the tree was grown from a cutting taken from Sir Isaac Newton’s apple orchard. Its variety is the Pride of Kent. So this New Jersey tree is a descendant of the apple tree that dropped the apple that Newton saw falling, triggering the thoughts that became his theory of gravity. Newton dealt with planets and solar systems. What would he have made of the past two hundred years?
Britannia Unchained: Global Lessons for Growth and Prosperity by Kwasi Kwarteng, Priti Patel, Dominic Raab, Chris Skidmore, Elizabeth Truss
Airbnb, banking crisis, Carmen Reinhart, central bank independence, clockwatching, creative destruction, Credit Default Swap, demographic dividend, Edward Glaeser, eurozone crisis, fail fast, fear of failure, financial engineering, glass ceiling, informal economy, James Dyson, Kenneth Rogoff, knowledge economy, long peace, margin call, Mark Zuckerberg, Martin Wolf, megacity, Mexican peso crisis / tequila crisis, Neil Kinnock, new economy, North Sea oil, oil shock, open economy, paypal mafia, pension reform, price stability, profit motive, Ronald Reagan, Sand Hill Road, Silicon Valley, Stanford marshmallow experiment, Steve Jobs, Suez crisis 1956, tech worker, Walter Mischel, wealth creators, Winter of Discontent, working-age population, Yom Kippur War
This refusal to stigmatise failure is a core American principle, and has much to be admired. In the UK it would more often than not be replaced by bitterness, recrimination, and dark mutterings about the nature of capitalism. Perhaps the archetypal example of British expat creative success is Steve Jobs’ right-hand man, Jonathan Ive. Ive was born in Chingford at 1967, but left London in 1992 to move to California and take up a position at the computer giant. While at Apple, he designed perhaps the most influential gadgets of the last 20 years: the iMac, the iPod, the iPhone and the iPad. When asked in early 2012, what made him make the move, he told reporters that it was California’s sense of optimism, the ability to play with ideas without fear of failure.30 92 Britannia Unchained Clearly, the examples of Lehman Brothers, General Motors and Enron suggest that failure and bankruptcy are not without their downsides.
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Economist Le Dang Doanh estimates that in Vietnam the private sector currently constitutes 40 per cent of GDP, on top of which exists a further 20 per cent which can be considered the ‘underground’ economy.28 Clearly, law and order, intellectual property rights and consumer law exist for a reason, and are on the whole beneficial. But as a sheer experiment in what the poorest entrepreneur can achieve, when nearly all society’s strictures are relaxed, the informal economy is pretty hard to beat. The tradeoff between risk and reward is more visible here than anywhere else. As Steve Jobs once famously said, ‘It’s more fun to be a pirate than to join the navy.’ 90 Britannia Unchained Frontier Spirit The conceit that Britain ought to play the wise cultured Athenian to the boorish new Romans of the US is an old one, and not without its charms for those still nostalgic for empire.
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Stanford, in particular, has seen numbers double since 2008. And not all are spreading doom and gloom: Mehran Sahami, associate chairman for computer science education at Stanford, believes this could be a turning point for computer science, with students inspired by the success of firms like Facebook, Google and Apple.135 But is Britain getting it fast enough? The political battle going on at the moment is between those who want open competition with the world and those who want Britain to slope off into the twilight. There is no need for a managed decline, but Britain will only get there if people are willing to take the tougher options. 4 Work Ethic Once they enter the workplace, the British are among the worst idlers in the world.
Days of Destruction, Days of Revolt by Chris Hedges, Joe Sacco
Berlin Wall, Bernie Sanders, clean water, collective bargaining, company town, corporate personhood, dumpster diving, Easter island, Exxon Valdez, food desert, Goldman Sachs: Vampire Squid, Howard Zinn, Intergovernmental Panel on Climate Change (IPCC), invisible hand, laissez-faire capitalism, Mahatma Gandhi, mass immigration, mass incarceration, Naomi Klein, Nelson Mandela, Occupy movement, oil shale / tar sands, race to the bottom, Ralph Nader, Silicon Valley, Steve Jobs, strikebreaker, union organizing, urban decay, wage slave, white flight, women in the workforce
When Barack Obama had dinner in February 2011 with business leaders in Silicon Valley, each guest was asked to come with a question for the president, according to a story in the New York Times.8 As Steve Jobs of Apple Inc. spoke, President Obama interrupted, the paper reported, with an inquiry of his own: what would it take to make iPhones in the United States? Almost all of the seventy million iPhones, thirty million iPads, and fifty-nine million other products Apple sold in 2011 were manufactured overseas. “Those jobs aren’t coming back,” Jobs responded, according to another dinner guest.9 In 2011, Apple earned more than $400,000 in profit per employee, more than Goldman Sachs, ExxonMobil, or Google, the Times pointed out.
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Department of Housing and Urban Development, Office of Community Planning and Development, “The 2011 Point-in-Time Estimates of Homelessness: Supplement to the Annual Homeless Assessment Report December 2011, http://www.abtassociates.com/Reports/2011/The-2011-Point-in-Time-Estimates-of-Homelessness.aspx (accessed 26 Dec. 2011). 8. Charles Duhigg and Keith Bradsher, “How the U.S. Lost Out on iPhone Work,” New York Times, January 21, 2012, http://www.nytimes.com/2012/01/22/business/apple-america-and-a-squeezed-middle-class.html (accessed 23 Aug. 2013). 9. Ibid. 10. Sue Halpern, “Who Was Steve Jobs?” New York Review of Books, January 12, 2012, www.nybooks.com/articles/archives/2012/jan/12/who-was-steve-jobs/?pagination=false (accessed 12 Feb. 2012). 11. Duhigg and Bradsher, “How the U.S. Lost Out on iPhone Work.” 12. Charles Duhigg and David Barboza, “The iEconomy; In China, the Human Costs That Are Built Into an iPad,” New York Times, January 26, 2012. 13.
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Treasury.10 It employs forty-three thousand people in the United States and twenty thousand overseas, “a small fraction of the over 400,000 American workers at General Motors in the 1950s, or the hundreds of thousands at General Electric in the 1980s.”11 But these numbers do not include the seven hundred thousand people who work for Apple contractors to engineer, build, and assemble iPads, iPhones, and Apple’s other products. Almost none of them work in the United States. Working conditions for these Apple workers typify the misery endured by the corporate global labor force—low wages; excessive overtime, in some cases seven days a week and up to twelve hours a day; squalor and overcrowding in worker dormitories; swelling in the legs and difficulty walking because of so many hours on their feet; underage workers; improperly disposed-of hazardous waste; falsified records; a callous disregard for workers’ health; lax or unenforced labor and safety laws; and union busting.12 On the street in Camden.
Priceless: The Myth of Fair Value (And How to Take Advantage of It) by William Poundstone
availability heuristic, behavioural economics, book value, Cass Sunstein, collective bargaining, Daniel Kahneman / Amos Tversky, delayed gratification, Donald Trump, Dr. Strangelove, East Village, en.wikipedia.org, endowment effect, equal pay for equal work, experimental economics, experimental subject, feminist movement, game design, German hyperinflation, Henri Poincaré, high net worth, index card, invisible hand, John von Neumann, Kenneth Arrow, laissez-faire capitalism, Landlord’s Game, Linda problem, loss aversion, market bubble, McDonald's hot coffee lawsuit, mental accounting, meta-analysis, Nash equilibrium, new economy, no-fly zone, Paul Samuelson, payday loans, Philip Mirowski, Potemkin village, power law, price anchoring, price discrimination, psychological pricing, Ralph Waldo Emerson, RAND corporation, random walk, RFID, Richard Thaler, risk tolerance, Robert Shiller, rolodex, social intelligence, starchitect, Steve Jobs, The Chicago School, The Wealth of Nations by Adam Smith, three-martini lunch, ultimatum game, working poor
“But it turned out that when somebody is hauling in $200 million, he’s not embarrassable.” As CEO of Apple Inc., Steve Jobs takes a salary of $1 a year. His real compensation comes mainly in the form of vested restricted stock. This came to $647 million in 2006, or about 11.6 percent of Apple’s $5.60 billion profit. Apple was forking over a tenth of everything it made. The “Lone Ranger theory” asserts that the CEO is primarily responsible for a company’s stock market value. It is not too hard to believe that with Jobs and Apple; the two are almost synonymous in the public mind. In 2008 a succession of rumors, conference calls, and leaks about Jobs’s allegedly failing health hammered Apple’s stock value.
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Surveys assert that anywhere from 30 percent to 65 percent of all retail prices end in the digit 9. This holds through many orders of magnitude. Sometimes the 9 is thousands of dollars, sometimes it’s pennies, and in the case of gasoline, it’s tenths of a cent. Apple’s Steve Jobs was hailed as a genius for insisting on 99-cent pricing for the first iPod downloads ($1.99 for videos). In 2009 Apple relented only to the extent of adding prices of $0.69 and $1.29 for music. The apotheosis of this phenomenon is the 99-cent store. In the 1960s, David Gold ran a liquor store in Los Angeles and wanted to get rid of some slow-moving cheap wine.
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The Million Dollar Club 255 $5 million offer to Seinfeld: CNN, Dec. 26, 1997. 255 TV star salary demands: Entertainment Weekly (no byline) 2006; Silverman 2003. 256 “Wage earners, we suspect”: Ariely, Loewenstein, and Prelec 2003, 99. 256 U.S. v. U.K., Japanese CEO pay: www.stateofworkingamerica.org/swa08-exec_pay.pdf. 257 “In the hall of fame of unintended consequences”: Nocera 2006. 257 “I absolutely thought [pay] would go down”: Ibid. 257 Steve Jobs compensation: DeCarlo 2007. 257 “Lone Ranger theory”: Reinhardt 2009. 257 “What’s a CEO worth”: townhall.com/columnists/WalterEWilliams/2008/01/02/greed,_need_and_money?page=full&comments=true. 258 Immelt as good a manager as Welch: Reinhardt 2009. 258 “Should there be a ratio”: Hardball with Chris Matthews, transcript for July 12, 2006. 51.
The End of Cheap China: Economic and Cultural Trends That Will Disrupt the World by Shaun Rein
business climate, credit crunch, Deng Xiaoping, Donald Trump, facts on the ground, glass ceiling, high net worth, high-speed rail, illegal immigration, income per capita, indoor plumbing, job-hopping, Maui Hawaii, middle-income trap, price stability, quantitative easing, Silicon Valley, Skype, South China Sea, Steve Jobs, thinkpad, trade route, trickle-down economics, upwardly mobile, urban planning, women in the workforce, young professional, zero-sum game
On the other hand, free trade and increased trade volume helps the world in the aggregate, but will naturally be painful for those companies and nations unable to evolve along with this new world order or adapt to global competition. For example, consider what happened to the typewriter industry. Producers went out of business because consumers adopted the personal computer, whose development was driven by Steve Jobs at Apple, among others. Overall, consumers, producers of personal computers, and investors in these companies benefitted from the shift, while for those in the typewriter industry who fought this evolution, the pain was very real. Companies that taught typing realized their days were numbered; those that switched from training people how to use a typewriter to Computers 101 did well, while those unable to make the switch went extinct.
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China—Economic conditions—21st century. 2. China—Social conditions—21st century. 3. China—Commerce. 4. Labor—China. 5. Costs, Industrial—China. 6. Consumption (Economics)—China. I. Title. HC427.95.R447 2012 330.951—dc23 2011045221 Tom Tom, May life bring you many bright lights. Love, Ba Ba PROLOGUE The year was 1998. Steve Jobs was years away from introducing the iPod to the world, and audiences were packing cinemas across the globe to see Leonardo DiCaprio’s love affair with Kate Winslet in Titanic. I turned off the lights in my grubby hotel room in Changchun, a dingy industrial city in northeast China famous for being the capital of Manchukuo, the Japanese-controlled puppet state during World War II.
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After a slow start in opening official Apple stores, Apple’s sales in China quadrupled from $3 billion in 2010 to $12 billion in 2011—despite the fact that iPhones and iPads are 30 percent more expensive than in the United States. Apple initially made the mistake of waiting too long to roll out new products in China. It delayed the release of new versions of the iPhone more than a year after the U.S. launch, which caused Chinese consumers to buy Apple products smuggled in from Hong Kong or the United States on the gray market, rather than through licensed Apple resellers. Analysts estimate two and a half million iPhones have unofficially been sold in China. Apple turned its retail operations around by introducing new products like the iPad in China soon after their release in America, obviating the need for anxious consumers to buy in the gray market.
This Is How They Tell Me the World Ends: The Cyberweapons Arms Race by Nicole Perlroth
4chan, active measures, activist lawyer, air gap, Airbnb, Albert Einstein, Apollo 11, barriers to entry, Benchmark Capital, Bernie Sanders, Big Tech, bitcoin, Black Lives Matter, blood diamond, Boeing 737 MAX, Brexit referendum, Brian Krebs, Citizen Lab, cloud computing, commoditize, company town, coronavirus, COVID-19, crony capitalism, crowdsourcing, cryptocurrency, dark matter, David Vincenzetti, defense in depth, digital rights, disinformation, don't be evil, Donald Trump, driverless car, drone strike, dual-use technology, Edward Snowden, end-to-end encryption, failed state, fake news, false flag, Ferguson, Missouri, Firefox, gender pay gap, George Floyd, global pandemic, global supply chain, Hacker News, index card, information security, Internet of things, invisible hand, Jacob Appelbaum, Jeff Bezos, John Markoff, Ken Thompson, Kevin Roose, Laura Poitras, lockdown, Marc Andreessen, Mark Zuckerberg, mass immigration, Menlo Park, MITM: man-in-the-middle, moral hazard, Morris worm, move fast and break things, mutually assured destruction, natural language processing, NSO Group, off-the-grid, offshore financial centre, open borders, operational security, Parler "social media", pirate software, purchasing power parity, race to the bottom, RAND corporation, ransomware, Reflections on Trusting Trust, rolodex, Rubik’s Cube, Russian election interference, Sand Hill Road, Seymour Hersh, Sheryl Sandberg, side project, Silicon Valley, Skype, smart cities, smart grid, South China Sea, Steve Ballmer, Steve Bannon, Steve Jobs, Steven Levy, Stuxnet, supply-chain attack, TED Talk, the long tail, the scientific method, TikTok, Tim Cook: Apple, undersea cable, unit 8200, uranium enrichment, web application, WikiLeaks, zero day, Zimmermann PGP
In the 1870s, several teenagers were caught tampering with the country’s primitive telephone system. The label hacker has a spotted history—one alternately celebrated and condemned—but history’s most revered entrepreneurs, scientists, chefs, musicians, and political leaders were all hackers in their own right. Steve Jobs was a hacker. So is Bill Gates. The New Hacker’s Dictionary, which offers definitions for just about every bit of hacker jargon you can think of, defines hacker as “one who enjoys the intellectual challenge of creatively overcoming or circumventing limitations.” Some say Pablo Picasso hacked art.
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More recently, the United States has been on a crusade to pressure allies to ban Huawei’s equipment from new high-speed 5G wireless networks, citing suspected ties between the company and China’s Community Party. The Trump administration has gone as far as threatening to hold back intelligence if allies move forward with Huawei. American officials routinely point out that Huawei’s founder, Ren Zhengfei, “China’s Steve Jobs,” was a former Chinese PLA officer, and warn that Huawei’s equipment is riddled with Chinese backdoors. Chinese intelligence could use that access to intercept high-level communications, vacuum up intelligence, wage cyberwar, or shut down critical services in times of national emergency. That all may very well have been true.
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Such rationalization was common in Silicon Valley, where tech leaders and founders have come to think of themselves as prophets, if not deities, delivering free speech and the tools of self-expression to the masses and thereby changing the world. Many a tech CEO had come to think of himself as the rightful heir to Steve Jobs, whose megalomania was excused as a byproduct of his ability to deliver. But Jobs was in a class of his own, and when other tech CEOs followed suit, they often invoked the same language of enlightenment to justify their own relentless expansion into the world’s fastest-growing, albeit authoritarian, internet market.
The Dream Machine: J.C.R. Licklider and the Revolution That Made Computing Personal by M. Mitchell Waldrop
Ada Lovelace, air freight, Alan Turing: On Computable Numbers, with an Application to the Entscheidungsproblem, Albert Einstein, anti-communist, Apple II, battle of ideas, Berlin Wall, Bill Atkinson, Bill Duvall, Bill Gates: Altair 8800, Bletchley Park, Boeing 747, Byte Shop, Charles Babbage, Claude Shannon: information theory, Compatible Time-Sharing System, computer age, Computing Machinery and Intelligence, conceptual framework, cuban missile crisis, Dennis Ritchie, do well by doing good, Donald Davies, double helix, Douglas Engelbart, Douglas Engelbart, Dynabook, experimental subject, Fairchild Semiconductor, fault tolerance, Frederick Winslow Taylor, friendly fire, From Mathematics to the Technologies of Life and Death, functional programming, Gary Kildall, Haight Ashbury, Howard Rheingold, information retrieval, invisible hand, Isaac Newton, Ivan Sutherland, James Watt: steam engine, Jeff Rulifson, John von Neumann, Ken Thompson, Leonard Kleinrock, machine translation, Marc Andreessen, Menlo Park, Multics, New Journalism, Norbert Wiener, packet switching, pink-collar, pneumatic tube, popular electronics, RAND corporation, RFC: Request For Comment, Robert Metcalfe, Silicon Valley, Skinner box, Steve Crocker, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, Ted Nelson, The Soul of a New Machine, Turing machine, Turing test, Vannevar Bush, Von Neumann architecture, Wiener process, zero-sum game
The world was full of bright people who didn't work for PARC, Tesler realized-people who weren't even part of the ARPA community. And they were learning fast. So he accepted Jobs's offer and went to Apple, where he would eventually become the company's chief scientist. He was soon followed by Bob Belleville, who was still smarting over Xerox's decision not to pursue his 68000-based alternative to the Star. "Everything you've ever done in your life is terrible," Steve Jobs shouted at him over the tele- phone not long after the Star introduction, "so why don't you come work for me?"20 Belleville went on to become chief engineer of Apple's Macintosh proj- ect, the Mac being a perky little micro that would feature a very P ARC-like graphical user interface-and, on the inside, the Motorola 68000.
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Instead of just providing a kit, a bag of parts, they would have to offer something much more like an appliance: a finished system that would work as soon as you plugged it in. Keyboard, moni- tor, disk drives, operating system, software-everything had to be right there in the box, or else be very easy to add. On the hardware side, this challenge was taken up most famously by the Apple Computer Company, founded in 1976 by Homebrew Computer Club members Steve Wozniak and Steve Jobs, longtime buddies from the Silicon Val- ley town of Cupertino. After some encouraging success with their first com- puter, which they marketed through local hobby shops-it was actually just a single circuit board using the new, 8-bit 6502 microprocessor from MOS Tech- nology, plus 4 kilobytes of RAM-Jobs and Wozniak were joined by the thirty- four-year-old A.
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It's true that CEO Ken Olsen did change his mind about microcomputers back in the summer of 1980, apparently because an attractive young woman reporter stung LICK'S KIDS 441 its way into the world, too, thanks to a fateful show-and-tell at the very end of the 1970s. By now, of course, Steve Jobs's visit to PARC in December of 1979 has long since passed into legend. "Apple's daylight raid," as one writer called it, has be- come one of the founding myths of the personal-computer revolution, the mo- ment when the nimble young Jason snatched the Golden Fleece from the sleeping dragon. Indeed, as reporter Michael Hiltzik pointed out in his 1999 book about PARC, Dealers of Lightnin the mythology has accumulated to the point of burying the reality almost beyond recovery.
100 Baggers: Stocks That Return 100-To-1 and How to Find Them by Christopher W Mayer
Alan Greenspan, asset light, bank run, Bear Stearns, Bernie Madoff, book value, business cycle, buy and hold, Carl Icahn, cloud computing, disintermediation, Dissolution of the Soviet Union, dumpster diving, Edward Thorp, Henry Singleton, hindsight bias, housing crisis, index fund, Jeff Bezos, market bubble, Network effects, new economy, oil shock, passive investing, peak oil, Pershing Square Capital Management, shareholder value, Silicon Valley, SimCity, Stanford marshmallow experiment, Steve Jobs, stock buybacks, survivorship bias, Teledyne, The Great Moderation, The Wisdom of Crowds, tontine
When you put your money in a company, you’re entrusting it to that chairperson, that CEO, that board. It would be nice to have them invested alongside you.” That idea is a core part of my own investment philosophy. It also helps in ferreting out 100-baggers. Think of some of the greatest stocks of the last half-century and you often find an owner-operator behind it: Steve Jobs at Apple. Sam Walton at Walmart. Bill Gates at Microsoft. Howard Schultz at Starbucks. Warren Buffett at Berkshire Hathaway. The list goes on and on. These guys are all billionaires. Here’s Matt: “Murray and I were batting ideas around one day and we said, ‘Wouldn’t it be cool if you could invest in some of these wealth lists like the Forbes 400?
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Not a necessity (remember, smaller companies “preferred”), but staying below such a deck will make for a more fruitful search than staying above it. #6 Owner-Operators Preferred We spent a whole chapter on this idea. Many of the greatest businesses of the last 50 years had a human face behind them—an owner with vision and tenacity and skill: Sam Walton at Walmart. Steve Jobs at Apple. Jeff Bezos at Amazon. Warren Buffett at Berkshire Hathaway. The list is fairly long and we’ve mentioned several of them in prior chapters. Having a great owner-operator also adds to your conviction. I find it easier to hold onto a stock through the rough patches knowing I have a talented owner-operator with skin in the game at the helm. 182 100-BAGGERS I would also remind you of something you should never forget: No one creates a stock so you can make money.
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Lots of big winners have gone completely bust. Ritholtz mentioned a few: Lehman Brothers, WorldCom, Lucent and JDS Uniphase. I’m sure we could come up with more. So it takes patience, some savvy stock picking and—as with most things in life—some luck. (People who held onto Apple for the whole ride had no way of knowing about the iPod or iPhone or iPad. These things didn’t exist for decades during Apple’s run.) This is where the idea of a coffee-can portfolio can help. You don’t have to put all of your money in a coffee-can portfolio. You just take a THE COFFEE-CAN PORTFOLIO 25 portion you know you won’t need for 10 years. I bet the final results will exceed those from anything else you do.
Hello, Habits by Fumio Sasaki
behavioural economics, bounce rate, Jeff Bezos, Kōnosuke Matsushita, Richard Thaler, Stanford marshmallow experiment, Stephen Hawking, Steve Jobs, TED Talk, Walter Mischel
People felt more willing to buy a Big Mac with the mere addition of salads as an option. I’ve had numerous failures myself, but still continue to think that I’ll be different tomorrow, so this is quite a deep-rooted problem. We must keep in mind that tomorrow, we’ll do the same things that we do today. What if today continues to be repeated forever? It is said that Steve Jobs continued to ask himself every morning for thirty-three years what he would have liked to do if today happened to be the last day of his life. I imitated him for a while, but got bored of it. When I wanted to acquire a habit, this is how I rearranged his idea: “What type of day would I want to spend if today went on forever?”
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—Seneca One thing I used to misunderstand about minimalists: I thought the process of becoming a minimalist “ended” at some point. When I let go of things I didn’t need, I thought to myself, “Now I’ll be free from my concerns over my things.” I thought it would be easy if only I could find clothes that I would want to wear my entire life like Steve Jobs: “All I have to do is wear a white shirt all my life. It’s super-convenient!” But after moving from Tokyo to the countryside, I’ve had barely any opportunities to wear white shirts, since they get soiled easily. And new things become necessary, while others I have to get rid of, depending on my interests.
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I would like you to think about which of the following choices you would make. Question 1 Would you rather: A.Receive an apple a year from today B.Receive two apples a year and a day from today The majority of people who were asked this chose B. They will have had to wait a whole year; another day won’t make them suffer. They chose to obtain two apples. However … Question 2 Would you rather: A.Receive an apple today B.Receive two apples tomorrow In this case, many people, even those who chose B as their previous choice, choose A. The necessary action of waiting an additional day to receive an additional apple, and the reward for waiting, are exactly the same, but for some reason, the responses change.
Ten Arguments for Deleting Your Social Media Accounts Right Now by Jaron Lanier
4chan, Abraham Maslow, basic income, Big Tech, Black Lives Matter, Cambridge Analytica, cloud computing, context collapse, corporate governance, data science, disinformation, Donald Trump, en.wikipedia.org, fake news, Filter Bubble, gig economy, Internet of things, Jaron Lanier, life extension, Mark Zuckerberg, market bubble, Milgram experiment, move fast and break things, Network effects, peak TV, ransomware, Ray Kurzweil, recommendation engine, Silicon Valley, Skinner box, Snapchat, Stanford prison experiment, stem cell, Steve Jobs, Ted Nelson, theory of mind, WikiLeaks, you are the product, zero-sum game
CONFLICTED BUMMER In the years before Google, the first major BUMMER company, was born, hippie techies were fearsome advocates of making everything information-related free, but that’s not the only ideal they loved. Techies also practically worshipped hero entrepreneurs like Steve Jobs. Tech business leaders were maybe not as smart as hackers, as far as hackers were concerned, but they were still considered visionaries. We liked it when they got rich. Who would want a future that was designed by some kind of boring government or committee-like process? Look at the smooth and shiny computers that Steve Jobs brought to the world! So, two passions collided. Everything must be free, but we love mega tech founder heroes. Do you see the contradiction?
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With the same breath that proclaims that communal algorithms or artificial intelligence will surpass individual human creativity, an enthusiast will inevitably exclaim that a Silicon Valley entrepreneur, AI programmer, or ideologue is a visionary who is changing the world, denting the universe (in Steve Jobs’s phrase), and charting the future. The ritual of engaging with BUMMER initially appears to be a funeral for free will. You give over much of your power of choice to a faraway company and its clients. They take on a statistical portion of your burden of free will, so that it is no longer in your purview.
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This test reveals that there are pseudo-BUMMER services that contain only subsets of the components, like Reddit and 4chan, but still play significant roles in the BUMMER ecosystem. Next-order services that might become BUMMER but haven’t achieved scale are operated by the other tech giants, Microsoft, Amazon, and Apple, as well as by smaller companies like Snap. But this second argument is not about corporations, it’s about you. Because we can draw a line around the BUMMER machine, we can draw a line around what to avoid. The problem with BUMMER is not that it includes any particular technology, but that it’s someone else’s power trip.
Open for Business Harnessing the Power of Platform Ecosystems by Lauren Turner Claire, Laure Claire Reillier, Benoit Reillier
Airbnb, Amazon Mechanical Turk, Amazon Web Services, augmented reality, autonomous vehicles, barriers to entry, basic income, benefit corporation, Blitzscaling, blockchain, carbon footprint, Chuck Templeton: OpenTable:, cloud computing, collaborative consumption, commoditize, crowdsourcing, data science, deep learning, Diane Coyle, Didi Chuxing, disintermediation, distributed ledger, driverless car, fake news, fulfillment center, future of work, George Akerlof, independent contractor, intangible asset, Internet of things, Jean Tirole, Jeff Bezos, Kickstarter, knowledge worker, Lean Startup, Lyft, Mark Zuckerberg, market design, Metcalfe’s law, minimum viable product, multi-sided market, Network effects, Paradox of Choice, Paul Graham, peer-to-peer lending, performance metric, Peter Thiel, platform as a service, price discrimination, price elasticity of demand, profit motive, ride hailing / ride sharing, Sam Altman, search costs, self-driving car, seminal paper, shareholder value, sharing economy, Silicon Valley, Skype, smart contracts, Snapchat, software as a service, Steve Jobs, Steve Wozniak, TaskRabbit, the long tail, The Market for Lemons, Tim Cook: Apple, transaction costs, two-sided market, Uber and Lyft, uber lyft, universal basic income, Y Combinator
Amazon Go, a new ‘Just Walk Out’ shopping experiment, where customers can shop with no checkout required, has also launched in early 2017.14 Platform-powered ecosystems 63 Apple’s ecosystem Apple is one of the largest companies in the world. In 40 years, it has become a leader in manufacturing computer devices and mobile phones, developing operating systems and software, and distributing music and digital apps. $1,000 of Apple stock purchased when it floated would now be worth approximately $220,287, equivalent to a yearly return of 16.3%.15 A bit of history In 1976, Steve Jobs, Steve Wozniak and Ronald Wayne invented the first Apple personal computer. Sales grew exponentially and Apple publicly traded on the stock market in 1980.
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Sales grew exponentially and Apple publicly traded on the stock market in 1980. Over the course of 20 years, Apple released new and improved versions of its personal computer product line (Apple series, Macintosh series, PowerBook series), operating systems (System 7, Mac OS) and a suite of software applications. However, its closed approach and lack of interoperability with PCs and Microsoft software, which had by then become the market leader, almost led to its demise. In 1997, Steve Jobs announced that Microsoft would release new versions of Microsoft Office for the Macintosh following a historic partnership. Bill Gates even appeared over a live video feed during that year’s keynote speech in front of a bewildered audience to announce the new partnership.
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These outsourcing decisions do not fundamentally alter the business model of the company, however, since it keeps tight control over the end-to-end production process of its devices. 18 Statista, June 2016, www.statista.com/statistics/276623/number-of-apps-available-inleading-app-stores/. 19 If you want to better understand the nature of this ‘governance’, you may want to have a look at the App Store guidelines for app developers: https://developer.apple.com/appstore/review/guidelines/. 20 Apple’s services include the various app stores, as well as iTunes, iCloud, Apple Music, Apple Pay, Apple Care, licensing and other services. 21 Fiscal data from Apple’s website, www.apple.com/pr/library/2016/. 22 http://uk.businessinsider.com/apple-ceo-tim-cook-services-q3-2016-7. 23 Apple announced in June 2016 that this 30% figure could go down to 15% (with 85% going to developers) in some circumstances. See www.theverge.com/2016/6/8/ 11880730/apple-app-store-subscription-update-phil-schiller-interview. 24 Horace Dediu, Asymco (2014), www.asymco.com/, www.asymco.com/2015/08/26/muchbigger-than-hollywood/ and www.asymco.com/2015/01/22/bigger-than-hollywood/. 72 Platform-powered ecosystems 25 At the developer level, Apple now allows third-party developers to plug into Siri across multiple operating systems (iOS, tvOS and macOS).
Virtual Competition by Ariel Ezrachi, Maurice E. Stucke
"World Economic Forum" Davos, Airbnb, Alan Greenspan, Albert Einstein, algorithmic management, algorithmic trading, Arthur D. Levinson, barriers to entry, behavioural economics, cloud computing, collaborative economy, commoditize, confounding variable, corporate governance, crony capitalism, crowdsourcing, Daniel Kahneman / Amos Tversky, David Graeber, deep learning, demand response, Didi Chuxing, digital capitalism, disintermediation, disruptive innovation, double helix, Downton Abbey, driverless car, electricity market, Erik Brynjolfsson, Evgeny Morozov, experimental economics, Firefox, framing effect, Google Chrome, independent contractor, index arbitrage, information asymmetry, interest rate derivative, Internet of things, invisible hand, Jean Tirole, John Markoff, Joseph Schumpeter, Kenneth Arrow, light touch regulation, linked data, loss aversion, Lyft, Mark Zuckerberg, market clearing, market friction, Milgram experiment, multi-sided market, natural language processing, Network effects, new economy, nowcasting, offshore financial centre, pattern recognition, power law, prediction markets, price discrimination, price elasticity of demand, price stability, profit maximization, profit motive, race to the bottom, rent-seeking, Richard Thaler, ride hailing / ride sharing, road to serfdom, Robert Bork, Ronald Reagan, search costs, self-driving car, sharing economy, Silicon Valley, Skype, smart cities, smart meter, Snapchat, social graph, Steve Jobs, sunk-cost fallacy, supply-chain management, telemarketer, The Chicago School, The Myth of the Rational Market, The Wealth of Nations by Adam Smith, too big to fail, transaction costs, Travis Kalanick, turn-by-turn navigation, two-sided market, Uber and Lyft, Uber for X, uber lyft, vertical integration, Watson beat the top human players on Jeopardy!, women in the workforce, yield management
Von Hayek’s Differing Definitions of Uncertainty as It Relates to Knowledge: Keynes’s Unavailable or Missing Knowledge Concept versus Hayek’s Dispersal of Notes to Pages 215–221 39. 40. 41. 42. 43. 44. 45. 46. 329 Knowledge Concept,” International Journal of Applied Economics and Econometrics 19, no. 3 (January 2011), http://ssrn.com/abstract=1751569. Ibid. Steve Lohr, “Can Apple Find More Hits Without Its Tastemaker?” New York Times, January 18, 2011, http://www.nytimes.com/2011/01/19/technology /companies/19innovate.html?_r = 0. Peter Noel Murray, “How Steve Jobs Knew What You Wanted,” Psychology Today, October 13, 2011, https://www.psychologytoday.com/blog/inside-the -consumer-mind/201110/how-steve-jobs-knew-what-you-wanted. Sara Stefanini, “Think Tank Urges FERC to Reform Merger Policies,” Law360 (March 15, 2007), http://competition.law360.com/Secure/ViewArticle.aspx ?
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Indeed, one criticism of Hayek’s theory concerns its assumption that, despite the dispersal of knowledge among a large number of decision makers, “as a whole, the aggregated set of all decision makers have a complete set of all relevant knowledge.”38 Even if all the data were collected, many theorists believe that there are in fact missing pieces of the puzzle, which are not known by anyone (and cannot therefore be captured or analyzed).39 One example is Apple. Its cofounder, Steve Jobs, showed the iPad to a small group of journalists shortly before its going on sale in 2010. As the New York Times reported, one journalist asked Jobs what consumer and market research Apple had done to guide the development of the new product. “None,” Jobs replied. “It isn’t the consumers’ job to know what they want.”40 Data can capture well-established consumer preferences for pre-existing products and ser vices, but the algorithms may not necessarily estimate demand for new products based on new technologies.41 Even if the government or super-platform could collect all the data on all of our existing preferences, they may perhaps design a better cell phone (but not the iPhone) or a cheaper watch (but not the Apple Watch).
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Jack Nicas, “Alphabet Cruises into Ride-Sharing Business,” Wall Street Journal, May 17, 2016, B4. Chunka Mui, “Google Is Millions of Miles Ahead of Apple in Driverless Cars,” Forbes, August 21, 2015, http://www.forbes.com/sites/chunkamui /2015/08/21/google-is-millions-of-miles-ahead-of-apple-in-driverless-cars/. Daisuke Wakabayashi, “Apple Targets Electric-Car Shipping Date for 2019,” Wall Street Journal, September 21, 2015, http://www.wsj.com/articles/apple -speeds-up-electric-car-work-1442857105. “Apple Invests in Chinese Uber Rival Didi Chuxing,” BBC News (May 13, 2016), http://www.bbc.co.uk /news/business-36283661; “Apple Invests $1bn in ‘Chinese Uber’ Didi Chuxing,” The Telegraph (May 13, 2016), http://www .telegraph.co.uk /technology/2016/05/13/apple-invests-1bn-in-chinese-uber -didi-chuxing/.
What the Dormouse Said: How the Sixties Counterculture Shaped the Personal Computer Industry by John Markoff
Any sufficiently advanced technology is indistinguishable from magic, Apple II, back-to-the-land, beat the dealer, Bill Duvall, Bill Gates: Altair 8800, Buckminster Fuller, California gold rush, card file, computer age, Computer Lib, computer vision, conceptual framework, cuban missile crisis, different worldview, digital divide, Donald Knuth, Douglas Engelbart, Douglas Engelbart, Dynabook, Edward Thorp, El Camino Real, Electric Kool-Aid Acid Test, Fairchild Semiconductor, General Magic , general-purpose programming language, Golden Gate Park, Hacker Ethic, Hans Moravec, hypertext link, informal economy, information retrieval, invention of the printing press, Ivan Sutherland, Jeff Rulifson, John Markoff, John Nash: game theory, John von Neumann, Kevin Kelly, knowledge worker, Lewis Mumford, Mahatma Gandhi, Menlo Park, military-industrial complex, Mother of all demos, Norbert Wiener, packet switching, Paul Terrell, popular electronics, punch-card reader, QWERTY keyboard, RAND corporation, RFC: Request For Comment, Richard Stallman, Robert X Cringely, Sand Hill Road, Silicon Valley, Silicon Valley startup, South of Market, San Francisco, speech recognition, Steve Crocker, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, technological determinism, Ted Nelson, The Hackers Conference, The Theory of the Leisure Class by Thorstein Veblen, Thorstein Veblen, Turing test, union organizing, Vannevar Bush, We are as Gods, Whole Earth Catalog, William Shockley: the traitorous eight
It seemed inevitable that the old order would collapse and that a different, more spiritual path—to somewhere—lay just ahead. For some of Silicon Valley’s most influential figures, the connection between personal computing and the counterculture has not been forgotten. Early in 2001, I met with Apple’s cofounder, Steve Jobs. I have interviewed Jobs dozens of times over two decades and have come to know his moods well. This was not one of our better conversations. A photographer had accompanied me, and if there is one way to insure that Apple’s mercurial chief executive will be irritated, it is to attempt to take his picture during an interview. After only a handful of photographs, Jobs threw the photographer out, and things went downhill from there.
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The first roots the PC in the exploits of a pair of young computer hobbyists–turned–entrepreneurs, Stephen Wozniak and Steven Jobs. Wozniak, the story goes, built a computer to share with his friends at the Homebrew Computer Club, a ragtag group that began meeting on the San Francisco Midpeninsula in the spring of 1975. His high school friend, Steve Jobs, had the foresight to see that there might be a consumer market for such a machine, and so they went on to found Apple Computer in 1976. The second account locates the birthplace of personal computing at Xerox’s fabled Palo Alto Research Center in the early 1970s. There, the giant copier company assembled a group of the nation’s best computer scientists and gave them enough freedom to conceive of information tools for the office of the future.
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Even before the Cookie Monster, though, and in true Alan Kay style, the very first graphical display generated on the still-not-completely born machine was the image of the first page of Winnie-the-Pooh, looking identical to the real first page of the book, with the embellishment of little graphical Pooh bears blended into the text. The bears were the result of one of Kay’s favorite rants, urging his programmers to figure out how to feature variable-width fonts on the display. For many, seeing the computer was a life-changing experience. Certainly that was the case when Steve Jobs and his Apple engineers were permitted a brief peek at the Alto in December 1979. But Jobs was not alone. Indeed, for anyone who worked with information, the Alto gave rise to an almost palpable hunger for that kind of computing power. It was the Alto that finally brought Doug Engelbart’s 1968 demonstration to life, making it accessible beyond the boundaries of a computer laboratory.
Dangerous Personalities: An FBI Profiler Shows You How to Identify and Protect Yourself From Harmful People by Joe Navarro, Toni Sciarra Poynter
Bernie Madoff, business climate, call centre, Columbine, delayed gratification, impulse control, Louis Pasteur, Norman Mailer, Peoples Temple, Ponzi scheme, social intelligence, Steve Jobs, Ted Kaczynski, Timothy McVeigh
Incidentally, these are all things that some people who worked for Apple’s cofounder Steve Jobs eventually were forced to do. Read Walter Isaacson’s biography Steve Jobs and you will appreciate that while Jobs was a visionary, he was also mercurial and pathologically nasty to his own people—for decades. He made many of his own employees emotionally distressed and others physically sick. Even his long-term partner, Steven Wozniak, finally had to quit; he couldn’t take Jobs’s nastiness anymore.3 That may be something you’ll have to do also because, as these Apple employees found out, making millions wasn’t worth their mental and physical health—nothing is.
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., 38–41. 19 Robins and Post, Political Paranoia; Langer, Mind of Adolf Hitler. 20 Kyemba, State of Blood; Avirgan & Honey 1982). 21 Moses, “Desperately Seeking Susan Powell.” 22 Associated Press, “Susan Powell’s Diary Foreshadows Family Tragedy.” 23 Mcfarland, “Josh Powell’s Lasting Identity: Murderer.” 24 Baker and Johnson, “Josh Powell Dead.” 25 Msnbc.com news services, “Police: 1981 Killing of Adam Walsh Solved”; Adam Walsh Child Protection and Safety Act of 2006. 26 Brooks, “Columbine Killers.” 27 Solzhenitsyn, Gulag Archipelago, 175. Chapter 6 1 Cahill, Buried Dreams. 2 de Becker, Gift of Fear, 67. 3 Isaacson, Steve Jobs, 192–218. 4 Bugliosi, Outrage. 5 Hammarskjöld, Markings, 15. Adam Walsh Child Protection and Safety Act of 2006. 109th Congress Public Law 248, July 27, 2006. Washington, DC: US Government Printing Office. Accessed December 3, 2013. DOCID: f:publ248.109. American Psychiatric Association.
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Why Is It Always About You? The Seven Deadly Sins of Narcissism. New York: Free Press, 2003. Hyde, Maggie, and Michael McGuinness. Introducing Jung. New York: Totem Books, 1998. Iadicol, Peter, and Anson Shupe. Violence, Inequality, and Human Freedom. New York: General Hall, 1998. Isaacson, Walter. Steve Jobs. New York: Simon & Schuster, 2011. “‘I Was Born to Rape,’ says Josef Fritzl.” Austrian Times, October 24, 2008. Accessed August 21, 2013. http://austriantimes.at/news/General_News/ 2008-10-24/9273/I_was_born_to_rape,_says_Josef_Fritzl. Jones, Stephen A. “Family Therapy with Borderline and Narcissistic Patients.”
Data-Ism: The Revolution Transforming Decision Making, Consumer Behavior, and Almost Everything Else by Steve Lohr
"World Economic Forum" Davos, 23andMe, Abraham Maslow, Affordable Care Act / Obamacare, Albert Einstein, Alvin Toffler, Bear Stearns, behavioural economics, big data - Walmart - Pop Tarts, bioinformatics, business cycle, business intelligence, call centre, Carl Icahn, classic study, cloud computing, computer age, conceptual framework, Credit Default Swap, crowdsourcing, Daniel Kahneman / Amos Tversky, Danny Hillis, data is the new oil, data science, David Brooks, driverless car, East Village, Edward Snowden, Emanuel Derman, Erik Brynjolfsson, everywhere but in the productivity statistics, financial engineering, Frederick Winslow Taylor, Future Shock, Google Glasses, Ida Tarbell, impulse control, income inequality, indoor plumbing, industrial robot, informal economy, Internet of things, invention of writing, Johannes Kepler, John Markoff, John von Neumann, lifelogging, machine translation, Mark Zuckerberg, market bubble, meta-analysis, money market fund, natural language processing, obamacare, pattern recognition, payday loans, personalized medicine, planned obsolescence, precision agriculture, pre–internet, Productivity paradox, RAND corporation, rising living standards, Robert Gordon, Robert Solow, Salesforce, scientific management, Second Machine Age, self-driving car, Silicon Valley, Silicon Valley startup, SimCity, six sigma, skunkworks, speech recognition, statistical model, Steve Jobs, Steven Levy, The Design of Experiments, the scientific method, Thomas Kuhn: the structure of scientific revolutions, Tony Fadell, unbanked and underbanked, underbanked, Von Neumann architecture, Watson beat the top human players on Jeopardy!, yottabyte
His designs were original, Jobs said, because Nakashima had a distinctive sense of taste, shaped by his life experience. Steve Jobs was no quant, but he was an awesome processor of non-numerical data, curious, self-taught, and tireless. His real talent, as Jobs himself described it, was seeing “vectors” of technology and culture, where they were headed and aligning to create markets. And as a product-design team leader, he was peerless. Jobs worked at making it all appear effortless, even instinctive. In early 2010, for example, Apple’s iPad tablet computer had been announced, but it was not yet on sale. Jobs came to the New York Times Building in Manhattan to show off the device to a dozen or so editors and reporters around the company’s boardroom table.
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Science prevails; guesswork and rule-of-thumb reasoning are on the run. Who could possibly argue with that? But there is a caveat. Experience and intuition have their place. At its best, intuition is really the synthesis of vast amounts of data, but the kind of data that can’t be easily distilled into numbers. I recall a couple of days spent with Steve Jobs years ago, reporting a piece for the New York Times Magazine. Decisions that seemed intuitive were what Jobs called “taste.” An enriched life, he explained, involved seeking out and absorbing the best of your culture—whether in the arts or software design—and that would shape your view of the world and your decisions.
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In smartphones, Google’s Android operating system is the leader in market share. But Apple’s iOS software, the pioneer platform in smartphones, is a strong rival with a large and loyal following among application developers, not to mention smartphone owners. In data centers, the Linux operating system is a popular platform for data-serving computers. Linux and Android are both open-source software, distributed free with its underlying “source” code published, unlike the proprietary offerings from Microsoft and Apple, for example. Programmers can tweak and modify open-source programs within certain rules.
Why We Can't Afford the Rich by Andrew Sayer
"World Economic Forum" Davos, accounting loophole / creative accounting, Alan Greenspan, Albert Einstein, Anthropocene, anti-globalists, asset-backed security, banking crisis, banks create money, basic income, biodiversity loss, bond market vigilante , Boris Johnson, Bretton Woods, British Empire, Bullingdon Club, business cycle, call centre, capital controls, carbon footprint, carbon tax, collective bargaining, corporate raider, corporate social responsibility, creative destruction, credit crunch, Credit Default Swap, crony capitalism, David Graeber, David Ricardo: comparative advantage, debt deflation, decarbonisation, declining real wages, deglobalization, degrowth, deindustrialization, delayed gratification, demand response, don't be evil, Double Irish / Dutch Sandwich, en.wikipedia.org, Etonian, financial engineering, financial innovation, financial intermediation, Fractional reserve banking, full employment, G4S, Goldman Sachs: Vampire Squid, green new deal, high net worth, high-speed rail, income inequality, information asymmetry, Intergovernmental Panel on Climate Change (IPCC), investor state dispute settlement, Isaac Newton, James Carville said: "I would like to be reincarnated as the bond market. You can intimidate everybody.", James Dyson, job automation, Julian Assange, junk bonds, Kickstarter, labour market flexibility, laissez-faire capitalism, land bank, land value tax, long term incentive plan, low skilled workers, Mark Zuckerberg, market fundamentalism, Martin Wolf, mass immigration, means of production, moral hazard, mortgage debt, negative equity, neoliberal agenda, new economy, New Urbanism, Northern Rock, Occupy movement, offshore financial centre, oil shale / tar sands, patent troll, payday loans, Philip Mirowski, plutocrats, popular capitalism, predatory finance, price stability, proprietary trading, pushing on a string, quantitative easing, race to the bottom, rent-seeking, retail therapy, Ronald Reagan, shareholder value, short selling, sovereign wealth fund, Steve Jobs, tacit knowledge, TED Talk, The Nature of the Firm, The Spirit Level, The Theory of the Leisure Class by Thorstein Veblen, The Wealth of Nations by Adam Smith, Thorstein Veblen, too big to fail, transfer pricing, trickle-down economics, universal basic income, unpaid internship, upwardly mobile, Washington Consensus, wealth creators, WikiLeaks, Winter of Discontent, working poor, Yom Kippur War, zero-sum game
When Walt Disney produced films like Snow White, Pinocchio and Alice in Wonderland, he borrowed the stories freely from the public domain, but when the copyright on his films ran out, he lobbied to have it extended. And as the late Steve Jobs said, ‘We [Apple] have always been shameless about stealing great ideas.’ Yet Apple is famously quick to litigate against any companies who borrow or appear to borrow Apple’s ideas. As Ferguson puts it, ‘Most of us have no problem with copying (as long as we’re the ones doing it).’27 In recent decades, the scope of ‘intellectual property’ claims has expanded these sources of rent extraction, most notably in seeds,28 software and business methods and in so-called ‘financial innovations’ such as new types of derivatives.
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So, for all these reasons, we should be sceptical about the idea that the rich are entrepreneurs and thereby deserve their wealth. Sometimes, though, an owner of a firm – a capitalist – is enterprising, perhaps developing a new product from which millions of consumers benefit. Don’t they deserve their wealth? The Jobs/Dyson defence: don’t truly innovative people deserve all they get? Steve Jobs, the late CEO of Apple computers, was said to have been ‘worth’ $8.3 billion. If you were given a dollar every second, it would take 266 years to get that much. In the UK, James Dyson, famous for his Dyson vacuum cleaners, was estimated to be worth £2.65 billion (84 years at £1 per second), according to the 2012 Sunday Times Rich List.
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In computing, the graphical user interface involving mouse, pointer, icons and hypertext, adopted by Apple and Microsoft, had already been invented, as Bill Gates has acknowledged. Key innovations in electronics, including the microchip and the development of the internet itself, were funded not by private money but by the US government’s Department of Defense.149 Similarly, the development of the algorithm behind Google was funded by the US National Science Foundation, and the technologies behind the iPhone – GPS and touchscreen display – were also dependent on state funding. To be sure, Steve Jobs and others were brilliant at taking these and developing them into consumer products, but they were building on what others had done.
Geek Heresy: Rescuing Social Change From the Cult of Technology by Kentaro Toyama
Abraham Maslow, Albert Einstein, Apollo 11, behavioural economics, Berlin Wall, Bernie Madoff, blood diamond, Capital in the Twenty-First Century by Thomas Piketty, Cass Sunstein, cognitive dissonance, commoditize, computer vision, conceptual framework, delayed gratification, digital divide, do well by doing good, Edward Glaeser, Edward Jenner, en.wikipedia.org, end world poverty, epigenetics, Erik Brynjolfsson, Evgeny Morozov, Francis Fukuyama: the end of history, fundamental attribution error, gamification, germ theory of disease, global village, Hans Rosling, happiness index / gross national happiness, income inequality, invention of the printing press, invisible hand, Isaac Newton, Khan Academy, Kibera, knowledge worker, Larry Ellison, Lewis Mumford, liberation theology, libertarian paternalism, longitudinal study, M-Pesa, Mahatma Gandhi, Mark Zuckerberg, means of production, microcredit, mobile money, Neil Armstrong, Nelson Mandela, Nicholas Carr, North Sea oil, One Laptop per Child (OLPC), Panopticon Jeremy Bentham, pattern recognition, Peter Singer: altruism, Peter Thiel, post-industrial society, Powell Memorandum, randomized controlled trial, rent-seeking, RFID, Richard Florida, Richard Thaler, school vouchers, self-driving car, Sheryl Sandberg, Silicon Valley, Simon Kuznets, Stanford marshmallow experiment, Steve Jobs, Steven Pinker, technological determinism, technological solutionism, technoutopianism, TED Talk, The Fortune at the Bottom of the Pyramid, the long tail, Twitter Arab Spring, Upton Sinclair, Walter Mischel, War on Poverty, winner-take-all economy, World Values Survey, Y2K
Rediff India Abroad, Jan. 18, 2003, www.rediff.com/money/2003/jan/18iit2.htm. Bhide, Shashanka, and Aasha Kapu Mehta. (2004). Chronic poverty in rural India: Issues and findings from panel data. Journal of Human Development 5(2):195–209, www.tandfonline.com/doi/abs/10.1080/1464988042000225122. Bilton, Nick. (2014). Steve Jobs was a low-tech parent. New York Times, Sept. 10, 2014, www.nytimes.com/2014/09/11/fashion/steve-jobs-apple-was-a-low-tech-parent.html. Blackwood, Amy S., Katie L. Roeger, and Sarah L. Pettijohn. (2012). The nonprofit sector in brief: Public charities, giving, and volunteering, 2012, Urban Institute, www.urban.org/UploadedPDF/412674-The-Nonprofit-Sector-in-Brief.pdf.
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“Can I add sounds to this?” “How do I make the balloon pop?” “What will make this character spin around five times?” TAF taught me to be conscious and purposeful about laptop use. It was important to use technology strategically and to leave it out when it wasn’t contributing to learning. Even Steve Jobs once admitted, “We limit how much technology our kids use at home.”28 Teachers, who must handle twenty, thirty, or forty children at a time, need to do the same. The advice is even applicable for older students. University professors, including me, increasingly prohibit device use in the classroom.
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Cross-cultural analyses show that these and other virtues are valued throughout the world, even if their relative emphasis varies.20 When you ask people who they believe to be civilization’s wisest people, they nominate people like Socrates, Mahatma Gandhi, Mother Teresa, Benjamin Franklin, Nelson Mandela, Daw Aung Sang Suu Kyi, and so on.21 Notably, the lists typically exclude the likes of Mozart and Steve Jobs, even if the latter might have been wise in limited domains. Intelligence, talent, and brilliance aren’t the same as heart, mind, and will, although some IQ might be needed for good discernment. Gandhi went on hunger strikes to free India from British rule, and Mandela emerged from twenty-seven years in prison only to seek reconciliation with his captors.
Leonardo Da Vinci by Walter Isaacson
Ada Lovelace, Albert Einstein, Bonfire of the Vanities, Commentariolus, crowdsourcing, double entry bookkeeping, double helix, en.wikipedia.org, game design, iterative process, lone genius, New Journalism, public intellectual, reality distortion field, Steve Jobs, the scientific method, urban planning, wikimedia commons
His facility for combining observation with fantasy allowed him, like other creative geniuses, to make unexpected leaps that related things seen to things unseen. “Talent hits a target that no one else can hit,” wrote the German philosopher Arthur Schopenhauer. “Genius hits a target no one else can see.”2 Because they “think different,” creative masterminds are sometimes considered misfits, but in the words that Steve Jobs helped craft for an Apple advertisement, “While some may see them as the crazy ones, we see genius. Because the people who are crazy enough to think they can change the world are the ones who do.”3 What also distinguished Leonardo’s genius was its universal nature. The world has produced other thinkers who were more profound or logical, and many who were more practical, but none who was as creative in so many different fields.
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Richter, 1173. 28 Pedretti Chronology, 171; Arsène Houssaye, “The Death-Bed of Leonardo,” in Mrs. Charles Heaton, Leonardo da Vinci and His Works (Macmillan, 1874), 192. 33. CONCLUSION 1 Notebooks/J. P. Richter, 1360, 1365, 1366. 2 Arthur Schopenhauer, The World as Representation (1818), vol. 1, ch. 3, para. 31. 3 Steve Jobs, Rob Siltanen, Lee Clow, and others, Apple print and television advertisement, 1998. 4 Albert Einstein to Carl Seelig, March 11, 1952, Einstein Archives 39-013, online. 5 Albert Einstein to Otto Juliusburger, September 29, 1942, Einstein Archives 38-238, online. 6 Codex Ash., 1:7b; Notebooks/J. P. Richter, 491. CODA 1 Sang-Hee Yoon and Sungmin Park, “A Mechanical Analysis of Woodpecker Drumming,” Bioinspiration & Biomimetics 6.1 (March 2011).
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About the Author Walter Isaacson, University Professor of History at Tulane, has been CEO of the Aspen Institute, chairman of CNN, and editor of Time magazine. He is the author of The Innovators; Steve Jobs; Einstein: His Life and Universe; Benjamin Franklin: An American Life; and Kissinger: A Biography and the coauthor, with Evan Thomas, of The Wise Men: Six Friends and the World They Made. Facebook: Walter Isaacson Twitter: @WalterIsaacson MEET THE AUTHORS, WATCH VIDEOS AND MORE AT SimonandSchuster.com Authors.SimonandSchuster.com/Walter-Isaacson More Bestselling Biography from Walter Isaacson Steve Jobs * * * The Innovators * * * Einstein * * * A Benjamin Franklin Reader * * * Benjamin Franklin * * * American Sketches * * * The Wise Men * * * Kissinger * * * ORDER YOUR COPIES TODAY!
Reinventing Capitalism in the Age of Big Data by Viktor Mayer-Schönberger, Thomas Ramge
accounting loophole / creative accounting, Air France Flight 447, Airbnb, Alvin Roth, Apollo 11, Atul Gawande, augmented reality, banking crisis, basic income, Bayesian statistics, Bear Stearns, behavioural economics, bitcoin, blockchain, book value, Capital in the Twenty-First Century by Thomas Piketty, carbon footprint, Cass Sunstein, centralized clearinghouse, Checklist Manifesto, cloud computing, cognitive bias, cognitive load, conceptual framework, creative destruction, Daniel Kahneman / Amos Tversky, data science, Didi Chuxing, disruptive innovation, Donald Trump, double entry bookkeeping, Elon Musk, en.wikipedia.org, Erik Brynjolfsson, Evgeny Morozov, flying shuttle, Ford Model T, Ford paid five dollars a day, Frederick Winslow Taylor, fundamental attribution error, George Akerlof, gig economy, Google Glasses, Higgs boson, information asymmetry, interchangeable parts, invention of the telegraph, inventory management, invisible hand, James Watt: steam engine, Jeff Bezos, job automation, job satisfaction, joint-stock company, Joseph Schumpeter, Kickstarter, knowledge worker, labor-force participation, land reform, Large Hadron Collider, lone genius, low cost airline, low interest rates, Marc Andreessen, market bubble, market design, market fundamentalism, means of production, meta-analysis, Moneyball by Michael Lewis explains big data, multi-sided market, natural language processing, Neil Armstrong, Network effects, Nick Bostrom, Norbert Wiener, offshore financial centre, Parag Khanna, payday loans, peer-to-peer lending, Peter Thiel, Ponzi scheme, prediction markets, price anchoring, price mechanism, purchasing power parity, radical decentralization, random walk, recommendation engine, Richard Thaler, ride hailing / ride sharing, Robinhood: mobile stock trading app, Sam Altman, scientific management, Second Machine Age, self-driving car, Silicon Valley, Silicon Valley startup, six sigma, smart grid, smart meter, Snapchat, statistical model, Steve Jobs, subprime mortgage crisis, Suez canal 1869, tacit knowledge, technoutopianism, The Future of Employment, The Market for Lemons, The Nature of the Firm, transaction costs, universal basic income, vertical integration, William Langewiesche, Y Combinator
This wasn’t merely a glittering spectacle on Jobs’s part; he was “anchoring” the value of the iPad in people’s minds to an artificially high price point, prompting them to view it as relatively affordable, regardless of how well its features compared to those of similar products. We like to think that price allows us to compare apples to apples, but behavioral pricing expert Florian Bauer, of the consulting firm Vocatus, maintains that sellers often use price to deliberately obscure information that would improve market efficiency. This can make us think we are comparing apples to apples when we’re really asked to compare apples to bananas or oranges. Steve Jobs used this trick when introducing the iPad. Our reliance on price thus can lead to inefficiencies in the market that hinder our ability to coordinate.
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Smart marketers exploit this, attempting to distract us from rational evaluation and refocus us on price. Prices ending in nines are good examples, making us believe that something is cheaper than it actually is. In January 2010, Steve Jobs took to the stage in his familiar black mock turtleneck to announce the iPad. He asked the crowd, “What should we price it at? Well, if you listen to the pundits, we’re going to price it at under $1,000, which is code for $999.” The price flashed up on the screen behind him. But, Jobs continued, Apple had aggressive cost goals for the iPad, and the company had met them. Accompanied by the sound of shattering glass, the $999 figure was replaced on the screen by $499—the retail price of the first iPad.
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When participants learn new information, it influences their priorities and preferences, which in turn are reflected in the choice of transactions they engage in as well as those they forgo. For example, if a vendor in a farmer’s market routinely proffers bad apples, buyers will choose to patronize a different stall the next time they want to buy fruit. Shorter lines in front of that vendor’s stall signal the decision of some buyers to purchase their apples elsewhere. Customers don’t have to try the apples at every stall to get a sense of each vendor’s standard of quality; they can use the length of customer lines as a proxy. It’s not perfect, but it’s a good and quick first approximation.
The 99.998271% by Simon Wood
banking crisis, clean water, drone strike, equal pay for equal work, Julian Assange, Occupy movement, offshore financial centre, Steve Jobs, Twitter Arab Spring, WikiLeaks
For this reason, manufactured drama, overdramatic reporting, exaggeration and overemphasis on positive emotional human dramas in negative stories are all common fare. Witness the massive focus on a baby rescued from the rubble in an October 2011 earthquake in Turkey, for example. While this is undoubtedly wonderful news, it ignores the reality that a large number of other babies were not so lucky. The death of Apple’s Steve Jobs also brought about days upon days of reflection on and praise of the fact that Jobs unconventionally dropped out of college to study another subject, which by lucky chance then aided him greatly in his later career as an IT-product designer. Again, while it is a worthy lesson for any child not to blindly follow conventional wisdom, this kind of focus passes over the reality that the vast majority of college dropouts do not go on to become acclaimed billionaires.
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Again, while it is a worthy lesson for any child not to blindly follow conventional wisdom, this kind of focus passes over the reality that the vast majority of college dropouts do not go on to become acclaimed billionaires. Stories like these skew reality and create a false subconscious sense in people that anyone could be the next Steve Jobs. While this is strictly speaking correct, it will nonetheless only be true for a handful of people in a generation. The ‘American Dream’. More egregiously, as mentioned in chapter two, some newspapers and cable TV news channels openly endorse political parties or candidates, and then proceed to carry 55 misleading, biased, and even openly false articles and stories supporting their candidate while attempting to destroy the credibility of the opposition.
What Went Wrong: How the 1% Hijacked the American Middle Class . . . And What Other Countries Got Right by George R. Tyler
"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, 8-hour work day, active measures, activist fund / activist shareholder / activist investor, affirmative action, Affordable Care Act / Obamacare, Alan Greenspan, bank run, banking crisis, Basel III, Bear Stearns, behavioural economics, benefit corporation, Black Swan, blood diamond, blue-collar work, Bolshevik threat, bonus culture, British Empire, business cycle, business process, buy and hold, capital controls, Carmen Reinhart, carried interest, cognitive dissonance, collateralized debt obligation, collective bargaining, commoditize, company town, compensation consultant, corporate governance, corporate personhood, corporate raider, corporate social responsibility, creative destruction, credit crunch, crony capitalism, crowdsourcing, currency manipulation / currency intervention, David Brooks, David Graeber, David Ricardo: comparative advantage, declining real wages, deindustrialization, Diane Coyle, disruptive innovation, Double Irish / Dutch Sandwich, eurozone crisis, financial deregulation, financial engineering, financial innovation, fixed income, Ford Model T, Francis Fukuyama: the end of history, full employment, George Akerlof, George Gilder, Gini coefficient, Glass-Steagall Act, Gordon Gekko, Greenspan put, hiring and firing, Ida Tarbell, income inequality, independent contractor, invisible hand, job satisfaction, John Markoff, joint-stock company, Joseph Schumpeter, junk bonds, Kenneth Rogoff, labor-force participation, laissez-faire capitalism, lake wobegon effect, light touch regulation, Long Term Capital Management, low interest rates, manufacturing employment, market clearing, market fundamentalism, Martin Wolf, minimum wage unemployment, mittelstand, Money creation, moral hazard, Myron Scholes, Naomi Klein, Northern Rock, obamacare, offshore financial centre, Paul Samuelson, Paul Volcker talking about ATMs, pension reform, performance metric, Pershing Square Capital Management, pirate software, plutocrats, Ponzi scheme, precariat, price stability, profit maximization, profit motive, prosperity theology / prosperity gospel / gospel of success, purchasing power parity, race to the bottom, Ralph Nader, rent-seeking, reshoring, Richard Thaler, rising living standards, road to serfdom, Robert Gordon, Robert Shiller, rolling blackouts, Ronald Reagan, Sand Hill Road, Savings and loan crisis, shareholder value, Silicon Valley, Social Responsibility of Business Is to Increase Its Profits, South Sea Bubble, sovereign wealth fund, Steve Ballmer, Steve Jobs, stock buybacks, subprime mortgage crisis, The Chicago School, The Spirit Level, The Theory of the Leisure Class by Thorstein Veblen, The Wealth of Nations by Adam Smith, Thorstein Veblen, too big to fail, transcontinental railway, transfer pricing, trickle-down economics, tulip mania, Tyler Cowen, Tyler Cowen: Great Stagnation, union organizing, Upton Sinclair, upwardly mobile, women in the workforce, working poor, zero-sum game
When the multiplier effects are included, the opportunity cost is far larger than measured just by the jobs figure. The American technology jewel Apple is a poster child for this category of offshoring. Despite its products being envisaged, conceived, researched, financed, developed, and managed from America, Apple fabricates most of its products—iPhones, for example—in low-wage countries, such as China, for export to the United States. The late visionary Steve Jobs was an innovative genius, but despite agreeing under pressure in December 2012 to resume some domestic US production, his successor, Timothy D.
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Unlike their predecessor CEOs during the golden age, Cook, Ballmer, and other citizens of the world feel little compunction to support American families. Son of an immigrant, Steve Jobs’ genius was nurtured by the schooling, opportunity, resources, and venture capital available to him in America’s Silicon Valley, a phenomenon nearly as unique in the history of mankind as the eighteenth-century Midlands. But the Americans now running his firm scarcely return the favor. About 43,000 of Apple’s 63,000 or so direct employees reside in the United States, but almost none of the 700,000 contract employees work in America.21 Multinationals like Apple should strive to locally source wherever they operate, of course.
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Managing a hundred software engineers and biotechnologists in a Palo Alto start-up demands a structure that can accommodate complexities and a high order of coordination featuring expansive human capital development and two-way communication. These research environments characterized by process complexities are the most challenging in science or commerce, yet are the seeds for giant enterprises of the future. The genius of the late Steve Jobs at Apple and Bill Gates at Microsoft was their ability to manage these complexities. Fauver and Fuerst concluded that value added by the employee board representation model is pronounced precisely in such complex environments, in those sectors where special coordination, employee skills, or knowledge within individual firms is required for competitive success.
Autonomous Driving: How the Driverless Revolution Will Change the World by Andreas Herrmann, Walter Brenner, Rupert Stadler
Airbnb, Airbus A320, algorithmic bias, augmented reality, autonomous vehicles, blockchain, call centre, carbon footprint, clean tech, computer vision, conceptual framework, congestion pricing, connected car, crowdsourcing, cyber-physical system, DARPA: Urban Challenge, data acquisition, deep learning, demand response, digital map, disruptive innovation, driverless car, Elon Musk, fault tolerance, fear of failure, global supply chain, industrial cluster, intermodal, Internet of things, Jeff Bezos, John Zimmer (Lyft cofounder), Lyft, manufacturing employment, market fundamentalism, Mars Rover, Masdar, megacity, Pearl River Delta, peer-to-peer rental, precision agriculture, QWERTY keyboard, RAND corporation, ride hailing / ride sharing, self-driving car, sensor fusion, sharing economy, Silicon Valley, smart cities, smart grid, smart meter, Steve Jobs, Tesla Model S, Tim Cook: Apple, trolley problem, uber lyft, upwardly mobile, urban planning, Zipcar
CHAPTER 31 VALUE CHAINS REDESIGN Some of the most successful innovative technology in history has been created by companies that held full control over product development. This allowed them to implement the vision of their development engineers without any restrictions or compromises. Apple is the best example of this closed approach, which allowed Steve Jobs and his team to create products in line with their ideas. But as soon as the initial vision is anchored in the product and market standards have emerged, opening up can lead to falling costs and broader adoption. Microsoft proved this with Windows, and Google is doing the same with the Android operating system.
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There are always examples of product innovations that fail spectacularly despite extensive market research on the new features and functions they offer. One example is the Segway scooter: only a very few of the anticipated production run of 100,000 units were sold. The scooter flopped even though it had support from Steve Jobs, Jeff Bezos and many other famous investors. Often these new projects are objectively better than previous models, and companies launch them with great euphoria and solid conviction. Especially when disruptive technologies that lead to radical product innovations are involved such as autonomous vehicles it is dangerous to underestimate the risk of developing something beyond what the market wants.
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Netflix has reinvented the business with videos without owning a single video shop. Uber and AirBnB move and accommodate people without operating their own taxis or hotels. Companies have to re-examine their business models, however successful they have been in the past, more often and faster than ever before. In principle, the attitude of an innovator like Steve Jobs is required; he was always concerned that a new company could come along and destroy his own business model. As success is only temporary, it is best to compete 311 Autonomous Driving 312 with oneself before somebody else does, and to permanently replace the old with the new. The main obstacle to the introduction of new business models in the automotive industry is the dominant industry logic.
China's Disruptors: How Alibaba, Xiaomi, Tencent, and Other Companies Are Changing the Rules of Business by Edward Tse
3D printing, Airbnb, Airbus A320, Asian financial crisis, barriers to entry, bilateral investment treaty, business process, capital controls, commoditize, conceptual framework, corporate governance, creative destruction, crowdsourcing, currency manipulation / currency intervention, David Graeber, Deng Xiaoping, disruptive innovation, experimental economics, global supply chain, global value chain, Great Leap Forward, high net worth, high-speed rail, household responsibility system, industrial robot, Joseph Schumpeter, Lyft, Masayoshi Son, middle-income trap, money market fund, offshore financial centre, Pearl River Delta, reshoring, rising living standards, risk tolerance, Silicon Valley, Skype, Snapchat, SoftBank, sovereign wealth fund, special economic zone, speech recognition, Steve Jobs, thinkpad, trade route, wealth creators, working-age population
Often seen dressed in a black polo shirt and blue jeans, he helms Xiaomi, a company that makes low-cost, suspiciously iPhone-like smartphones. Perhaps unsurprisingly, he is often referred to in the business press as the Chinese Steve Jobs. Is Xiaomi another low-end, knockoff enterprise, like the many others that have earned China a bad name in high-tech circles? Not quite. A few months after it was founded in mid 2010, it reached $1 billion in revenues faster than any other Chinese company before it. Despite serious competition not just from Apple and Samsung, but also Chinese heavyweights Lenovo and Huawei, Xiaomi hasn’t slowed down. In 2013, it sold 15 million smartphones and acquired a valuation of $10 billion.
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It is a far more sophisticated company than it was a decade ago. Its marketing has improved enormously, not just for its smartphones but also for its tablets and high-end PCs. One of its smartest moves was signing up Hollywood star Ashton Kutcher as a “product engineer” to help promote new products. Kutcher, who played Steve Jobs in the Jobs movie, also has a strong record as an investor in tech start-ups, among them Skype, Foursquare, and Airbnb. Even if its purchases of Motorola Mobility and IBM’s low-end servers both fail, that wouldn’t bring down the company. If they succeed, however, they have the potential to transform Lenovo from a $50 billion company into a $100 billion one.
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It was no surprise, therefore, that Lei readily found backers when, along with a former Google engineer, Lin Bin, and five other partners, he set up Xiaomi in 2010 with the explicit goal of taking on Apple and its iPhone, first in China and ultimately in the rest of the world. Like Apple, Xiaomi has no manufacturing facilities of its own, instead outsourcing all production to contract manufacturers such as Taiwan’s Foxconn. But unlike Apple, which sells its products at a premium, Xiaomi sells its smartphones at just above cost. Its goal is to secure the greater part of its revenues from sales of software, services, advertising, and accessories—a strategy, as Lei likes to point out, that has more in common with Amazon than Apple. Unlike Amazon’s, however, its phones are succeeding.
Circle of Greed: The Spectacular Rise and Fall of the Lawyer Who Brought Corporate America to Its Knees by Patrick Dillon, Carl M. Cannon
"RICO laws" OR "Racketeer Influenced and Corrupt Organizations", accounting loophole / creative accounting, affirmative action, Alan Greenspan, AOL-Time Warner, Bear Stearns, Bernie Madoff, Black Monday: stock market crash in 1987, buy and hold, Carl Icahn, collective bargaining, Columbine, company town, computer age, corporate governance, corporate raider, desegregation, energy security, estate planning, Exxon Valdez, fear of failure, fixed income, Gordon Gekko, greed is good, illegal immigration, index fund, John Markoff, junk bonds, mandatory minimum, margin call, Maui Hawaii, McDonald's hot coffee lawsuit, Michael Milken, money market fund, new economy, oil shale / tar sands, Ponzi scheme, power law, Ralph Nader, rolodex, Ronald Reagan, Sand Hill Road, Savings and loan crisis, Silicon Valley, Silicon Valley startup, Steve Jobs, the High Line, the market place, white picket fence, Works Progress Administration, zero-sum game
The drive, which had taken four years and $50 million to develop, had been code-named “Twiggy” and would power a new computer named “Lisa” (Local Integrated Software Architecture), coincidentally sharing the name of Steve Jobs’s oldest daughter. It was rolled out in the spring of 1983, with Apple targeting business customers wanting more advanced performance and willing to pay nearly $10,000 per machine for a more sophisticated operating system. Within a week Apple stock soared to $70 a share, an all-time high. Five months after the rollout Apple had sold more than 100,000 Lisas. Throughout those five months complaints flooded Apple offices in Cupertino, California. The Lisa was not as fast as advertised. In fact, it was downright slow and clumsy. It wasn’t an Apple—it was a lemon. The company itself seemed to be in trouble.
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From the outset of the information age, prominent Democrats hoped the moguls of these new industries would gravitate toward their party. The politicians trying to woo the techies called themselves Atari Democrats, after the company that invented Pong, one of the first video games. “We prefer Apple Democrats,” quipped tech-friendly Colorado congressman Timothy Wirth. “It sounds more American.” Atari was a Japanese word (although a California company), but Apple Computer would indeed have been a better symbol because Apple CEO Steve Jobs was a liberal Democrat who in 1996 gave $100,000 to the Clinton campaign. It wasn’t nearly as much as Bill Lerach, but it was a lot, and it was the tip of an industry’s iceberg.
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First, the anti-Lerach forces set about nailing down Bob Dole’s support, which wasn’t a hard sell—Dole had little use for trial lawyers—and on August 6 the Republican nominee came out in opposition to Proposition 211. The next day President Clinton arrived in Silicon Valley for a campaign stop that was essentially hosted by Steve Jobs. Immediately prior to his campaign event, Clinton met privately with Jobs, Doerr, and a handful of other top Valley executives and assured them that he was also opposed to 211. White House chief of staff Leon Panetta dutifully passed this information along to the traveling press corps: “He believes securities laws should be done on a national, rather than state-haphazard basis,” explained Panetta.
The Joys of Compounding: The Passionate Pursuit of Lifelong Learning, Revised and Updated by Gautam Baid
Abraham Maslow, activist fund / activist shareholder / activist investor, Airbnb, Alan Greenspan, Albert Einstein, Alvin Toffler, Andrei Shleifer, asset allocation, Atul Gawande, availability heuristic, backtesting, barriers to entry, beat the dealer, Benoit Mandelbrot, Bernie Madoff, bitcoin, Black Swan, book value, business process, buy and hold, Cal Newport, Cass Sunstein, Checklist Manifesto, Clayton Christensen, cognitive dissonance, collapse of Lehman Brothers, commoditize, corporate governance, correlation does not imply causation, creative destruction, cryptocurrency, Daniel Kahneman / Amos Tversky, deep learning, delayed gratification, deliberate practice, discounted cash flows, disintermediation, disruptive innovation, Dissolution of the Soviet Union, diversification, diversified portfolio, dividend-yielding stocks, do what you love, Dunning–Kruger effect, Edward Thorp, Elon Musk, equity risk premium, Everything should be made as simple as possible, fear index, financial independence, financial innovation, fixed income, follow your passion, framing effect, George Santayana, Hans Rosling, hedonic treadmill, Henry Singleton, hindsight bias, Hyman Minsky, index fund, intangible asset, invention of the wheel, invisible hand, Isaac Newton, it is difficult to get a man to understand something, when his salary depends on his not understanding it, Jeff Bezos, John Bogle, Joseph Schumpeter, junk bonds, Kaizen: continuous improvement, Kickstarter, knowledge economy, Lao Tzu, Long Term Capital Management, loss aversion, Louis Pasteur, low interest rates, Mahatma Gandhi, mandelbrot fractal, margin call, Mark Zuckerberg, Market Wizards by Jack D. Schwager, Masayoshi Son, mental accounting, Milgram experiment, moral hazard, Nate Silver, Network effects, Nicholas Carr, offshore financial centre, oil shock, passive income, passive investing, pattern recognition, Peter Thiel, Ponzi scheme, power law, price anchoring, quantitative trading / quantitative finance, Ralph Waldo Emerson, Ray Kurzweil, Reminiscences of a Stock Operator, reserve currency, Richard Feynman, Richard Thaler, risk free rate, risk-adjusted returns, Robert Shiller, Savings and loan crisis, search costs, shareholder value, six sigma, software as a service, software is eating the world, South Sea Bubble, special economic zone, Stanford marshmallow experiment, Steve Jobs, Steven Levy, Steven Pinker, stocks for the long run, subscription business, sunk-cost fallacy, systems thinking, tail risk, Teledyne, the market place, The Signal and the Noise by Nate Silver, The Wisdom of Crowds, time value of money, transaction costs, tulip mania, Upton Sinclair, Walter Mischel, wealth creators, Yogi Berra, zero-sum game
Opportunity costs can be best understood by looking at what would have been given up if certain path-breaking individuals had chosen to do something else. What if Sam Walton had not decided to start Walmart stores at forty-four years of age? What if Thomas Edison had stopped working on the light bulb when he failed the first few thousand times? What if Steve Jobs had never returned to Apple to lead its resurgence, fundamentally reshaping the future of consumer technology? We are no different from these renowned individuals. We make decisions every day about how we spend our time, money, brainpower, and energy, and for every decision we make, there is an alternative that we didn’t choose.
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Christopher Tkaczyk and Scott Olster, “Best Advice from CEOs: 40 Execs’ Secrets to Success,” Fortune, October 29, 2014, http://fortune.com/2014/10/29/ceo-best-advice. 6. Steve Jobs, “ ‘You’ve Got to Find What You Love,’ Jobs Says” (prepared text of commencement address, June 12, 2005), Stanford News, June 14, 2005, https://news.stanford.edu/2005/06/14/jobs-061505. 7. Anne Dunnewold, “Life’s Prizes,” Anne Dunnewold, Ph.D., Mind Life Balance (blog), March 15, 2010, http://anndunnewold.com/lifes-prizes/. 8. Steve Jobs, “ ‘You’ve Got to Find What You Love,’ Jobs Says,” Stanford News, https://news.stanford.edu/2005/06/14/jobs-061505. 9. Brian Christian and Tom Griffiths, Algorithms to Live By: The Computer Science of Human Decisions (New York: Henry Holt, 2016). 10.
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Choose what makes you happy and your life will never go wrong. Some people die at age twenty-five but aren’t buried until they are seventy-five. Some people aren’t born until they are age twenty-five. Strive to be the latter. One day your life will flash before your eyes. Make sure it’s worth watching. —Gerard Way In 2004, Steve Jobs was diagnosed with pancreatic cancer and was informed that he only had a few weeks to live. This is what Jobs told the audience during his 2005 Stanford commencement speech: Remembering that I’ll be dead soon is the most important tool I’ve ever encountered to help me make the big choices in life.
Demystifying Smart Cities by Anders Lisdorf
3D printing, artificial general intelligence, autonomous vehicles, backpropagation, behavioural economics, Big Tech, bike sharing, bitcoin, business intelligence, business logic, business process, chief data officer, circular economy, clean tech, clean water, cloud computing, computer vision, Computing Machinery and Intelligence, congestion pricing, continuous integration, crowdsourcing, data is the new oil, data science, deep learning, digital rights, digital twin, distributed ledger, don't be evil, Elon Musk, en.wikipedia.org, facts on the ground, Google Glasses, hydroponic farming, income inequality, information security, Infrastructure as a Service, Internet of things, Large Hadron Collider, Masdar, microservices, Minecraft, OSI model, platform as a service, pneumatic tube, ransomware, RFID, ride hailing / ride sharing, risk tolerance, Salesforce, self-driving car, smart cities, smart meter, software as a service, speech recognition, Stephen Hawking, Steve Jobs, Steve Wozniak, Stuxnet, Thomas Bayes, Turing test, urban sprawl, zero-sum game
He does not need to know or be interested in any way about why or what the potential of the bridge is, nor does he need to plan or carry out the actual work. He needs to find a way to do something very specific and nontrivial based on his knowledge of technology and environment. A prime example is Steve Wozniak who designed the Apple I and II according to the vision of Steve Jobs. Not a lot of people of this type are well known in public because they usually do their job without any great publicity or acclaim. Engineer types are often lead developers or solution architects with responsibility for a technical product or solution. They are frequently found as presales engineers of vendors.
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This is all well, but if Ingels had gone out and asked the people of my home town of Copenhagen what they wanted, we would have gotten more of the same apartment blocks and villas that already saturate the city. There would be no power plant with a ski slope simply because people would never have thought about that. If Steve Jobs and Henry Ford had just settled for what people wanted, we would still be speaking in Nokia phones hacking away at clunky black computers and riding in shiny horse-drawn carriages. We cannot expect our users, customers, or politicians to have the imagination. This is something we have to supply and inject into the smart city planning process.
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He typically has detailed plans for how things should be and is capable of effecting that change. On the other hand, he has very little interest in how things get done to implement his plan as long as it does. Real-world examples include Fidel Castro, Gandhi, and Joseph Stalin. In technology, we see people like Julian Assange, Elon Musk, and in particular Steve Jobs who was famous for being able to bend reality to his view. The archetypal revolutionary is the turnaround CEO who comes in with a lot of ideas about how things should be and little interest or time to understand how they are. In general, this type is often in a senior management position. We want to make sure to mix this type with someone who has an interest and knowledge of the real world like the engineer or the scientist.
Social Democratic America by Lane Kenworthy
affirmative action, Affordable Care Act / Obamacare, Alan Greenspan, barriers to entry, basic income, benefit corporation, business cycle, carbon tax, Celtic Tiger, centre right, clean water, collective bargaining, corporate governance, David Brooks, desegregation, Edward Glaeser, endogenous growth, full employment, Gini coefficient, hiring and firing, Home mortgage interest deduction, illegal immigration, income inequality, invisible hand, Kenneth Arrow, labor-force participation, manufacturing employment, market bubble, minimum wage unemployment, new economy, off-the-grid, postindustrial economy, purchasing power parity, race to the bottom, rent-seeking, rising living standards, Robert Gordon, Robert Shiller, Ronald Reagan, school choice, shareholder value, sharing economy, Skype, Steve Jobs, too big to fail, Tyler Cowen, Tyler Cowen: Great Stagnation, union organizing, universal basic income, War on Poverty, working poor, zero day
Consider the case of Apple and Steve Jobs. Apple’s Macintosh, iPod, iTunes, MacBook Air, iPhone, and iPad were so different from and superior to anything that preceded them that their addition to living standards isn’t likely to be adequately measured. Did slow middle-class income growth make this possible? Would Jobs and his teams of engineers, designers, and others at Apple have worked as hard as they did to create these new products and bring them to market in the absence of massive winner-take-all financial incentives? It’s difficult to know. But Walter Isaacson’s comprehensive biography of Steve Jobs suggests that he was driven by a passion for the products, for winning the competitive battle, and for status among peers.64 Excellence and victory were their own reward, not a means to the end of financial riches.
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Testimony before the National Commission on Fiscal Responsibility and Reform. June 30. Washington, DC. Isaacs, Julia B. 2008. “Economic Mobility of Families Across Generations.” Pp. 15–26 in Julia B. Isaacs, Isabel V. Sawhill, and Ron Haskins, Getting Ahead or Losing Ground: Economic Mobility in America. Washington, DC: Brookings Institution. Isaacson, Walter. 2011. Steve Jobs. New York: Simon and Schuster. Isen, Adam and Betsey Stevenson. 2010. “Women’s Education and Family Behavior: Trends in Marriage, Divorce, and Fertility.” Unpublished paper. Jacobs, Jerry A. and Kathleen Gerson. 2004. The Time Divide. Cambridge, MA: Harvard University Press. Jacobs, Lawrence R. and Robert Y.
Age of the City: Why Our Future Will Be Won or Lost Together by Ian Goldin, Tom Lee-Devlin
15-minute city, 1960s counterculture, agricultural Revolution, Alvin Toffler, Anthropocene, anti-globalists, Berlin Wall, Bonfire of the Vanities, Brixton riot, call centre, car-free, carbon footprint, Cass Sunstein, charter city, Chuck Templeton: OpenTable:, clean water, cloud computing, congestion charging, contact tracing, coronavirus, COVID-19, CRISPR, data science, David Brooks, David Ricardo: comparative advantage, decarbonisation, deindustrialization, Deng Xiaoping, desegregation, Edward Glaeser, Edward Jenner, Enrique Peñalosa, fake news, Fall of the Berlin Wall, financial engineering, financial independence, future of work, General Motors Futurama, gentrification, germ theory of disease, global pandemic, global supply chain, global village, Haight Ashbury, Hernando de Soto, high-speed rail, household responsibility system, housing crisis, Howard Rheingold, income per capita, Induced demand, industrial robot, informal economy, invention of the printing press, invention of the wheel, Jane Jacobs, Jeff Bezos, job automation, John Perry Barlow, John Snow's cholera map, Kickstarter, knowledge economy, knowledge worker, labour mobility, Lewis Mumford, lockdown, Louis Pasteur, low interest rates, low skilled workers, manufacturing employment, Marshall McLuhan, mass immigration, megacity, Neal Stephenson, Network effects, New Urbanism, offshore financial centre, open borders, open economy, Pearl River Delta, race to the bottom, Ray Oldenburg, remote working, rent control, Republic of Letters, Richard Florida, ride hailing / ride sharing, rising living standards, Salesforce, Shenzhen special economic zone , smart cities, smart meter, Snow Crash, social distancing, special economic zone, spinning jenny, Steve Jobs, Stewart Brand, superstar cities, the built environment, The Death and Life of Great American Cities, The Great Good Place, The Wealth of Nations by Adam Smith, trade liberalization, trade route, Upton Sinclair, uranium enrichment, urban decay, urban planning, urban sprawl, Victor Gruen, white flight, working poor, working-age population, zero-sum game, zoonotic diseases
One study of 16,000 call-centre workers in China, for example, noted a 4 per cent increase in calls per minute for workers operating at home.16 The authors of the study attributed this increase in productivity to a quieter environment at home compared with the office, though workers with children or other dependants may dispute that hypothesis. At the other end of the spectrum, creative jobs rely heavily on an incidental cross-pollination of ideas that suffers without physical proximity. Steve Jobs was certainly an ardent believer in the value of chance office encounters. When he designed Pixar’s offices in 1986, he positioned all the amenities – not just the cafe and mailboxes, but also the bathrooms – in a central atrium to encourage such interactions.17 Most office work today falls somewhere in between these two extremes.
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., 1977, Managing the Flow of Technology (MIT Press). 15 Waber, B., et al., 2014, ‘Workspaces that move people’, Harvard Business Review. 16 Bloom, N., et al., 2015, ‘Does working from home work? Evidence from a Chinese experiment’, The Quarterly Journal of Economics, Vol. 130, No. 1. 17 D’Onfro, J., 2015, ‘Steve Jobs had a crazy idea for Pixar’s office to force people to talk more’, Business Insider. 18 Bloom, et al., ‘Does working from home work?’ 19 Morgan, K., 2021, ‘Why in-person workers may be more likely to get promoted’, BBC (bbc.com). 20 University College London, 2017, ‘Audience members’ hearts beat together at the theatre’ (ucl.ac.uk). 21 Winck, B., 2021, ‘4 charts show how fast everyone is flocking back to big cities’, Business Insider. 22 Anderson, D., 2021, ‘Home prices in cities rise 16%, surpassing suburban and rural price growth for the first time since pre-pandemic’, Redfin (redfin.com). 23 Transport for London, 2022, ‘Latest TfL figures show continued growth in ridership following lifting of working from home restrictions’ (tfl.gov.uk). 24 The Economist, 2022, ‘The future of public transport in Britain’. 25 Kastle Systems, 2022, ‘Recreation activity vs. office occupancy’ (kastle.com). 26 Bloom, Twitter. 27 Partridge, J., 2022, ‘Google in $1bn deal to buy Central Saint Giles offices in London’, Guardian. 28 Putzier, K., 2021, ‘Google to buy New York City office building for $2.1 billion’, Wall Street Journal. 29 Morris, S. and Hammond, G., 2022, ‘Citi plans £100m revamp of Canary Wharf tower’, Financial Times. 30 Hartman, A., 2021, ‘Salesforce says “the 9-to-5 workday is dead” and will provide 3 new ways for employees to work – including the possibility of working from home forever’, Business Insider. 31 Gupta, A., et al., 2022, ‘Work from home and the office real estate apocalypse’, NBER working paper. 32 Cohen, B., 2022, ‘Yes, Zoom has an office.
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Colbert, A., 2022, ‘A force of nature: hurricanes in a changing climate’, NASA (climate.nasa.gov). CoolClimate Network, 2013, ‘Household calculator’ (coolclimate.berkley.edu). Cross, R., et al., 2021, ‘Collaboration overload is sinking productivity’, Harvard Business Review. D’Onfro, J., 2015, ‘Steve Jobs had a crazy idea for Pixar’s office to force people to talk more’, Business Insider. Daily News Egypt, 2021, ‘Egypt to be free from informal housing areas by 2030: Cabinet’ (dailynewsegypt.com). Davenport, R., 2020, ‘Urbanization and mortality in Britain, c. 1800–50’, The Economic History Review, Vol. 73, No. 2.
Listen, Liberal: Or, What Ever Happened to the Party of the People? by Thomas Frank
Affordable Care Act / Obamacare, Airbnb, Alan Greenspan, Amazon Mechanical Turk, American ideology, antiwork, barriers to entry, Berlin Wall, Bernie Sanders, Black Lives Matter, blue-collar work, Burning Man, centre right, circulation of elites, Clayton Christensen, collective bargaining, Credit Default Swap, David Brooks, deindustrialization, disruptive innovation, Donald Trump, driverless car, Edward Snowden, Evgeny Morozov, Fall of the Berlin Wall, financial engineering, financial innovation, Frank Gehry, fulfillment center, full employment, George Gilder, gig economy, Gini coefficient, Glass-Steagall Act, high-speed rail, income inequality, independent contractor, Jaron Lanier, Jeff Bezos, knowledge economy, knowledge worker, Lean Startup, mandatory minimum, Marc Andreessen, Mark Zuckerberg, market bubble, mass immigration, mass incarceration, McMansion, microcredit, mobile money, moral panic, mortgage debt, Nelson Mandela, new economy, obamacare, payday loans, Peter Thiel, plutocrats, Ponzi scheme, post-industrial society, postindustrial economy, pre–internet, profit maximization, profit motive, race to the bottom, Republic of Letters, Richard Florida, ride hailing / ride sharing, Ronald Reagan, Savings and loan crisis, sharing economy, Silicon Valley, Steve Jobs, Steven Levy, TaskRabbit, tech worker, TED Talk, Thorstein Veblen, too big to fail, Travis Kalanick, Uber for X, union organizing, urban decay, WeWork, women in the workforce, Works Progress Administration, young professional
It is a matter of legal record that, for years, the CEOs of Apple, Intel, Google, Pixar, and other Silicon Valley firms operated something very much like a cartel against their own employees. In a scandal that journalists now call “the Techtopus,” these worthies agreed to avoid recruiting one another’s tech workers and thus keep those workers’ wages down across the industry. In 2007, in one of the most famous chapters of the Techtopus story, the famous innovator Steve Jobs emailed Eric Schmidt, demanding that this CEO and friend of top Democrats do something about a Google recruiter who was trying to lure an employee away from Apple. Two days later, according to the reporter who has studied the case most comprehensively, Schmidt wrote back to Jobs to tell him the recruiter had been fired.
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Taurel warned that “under a regime of weaker I[ntellectual] P[roperty] protection or harsher market controls, our R&D would no longer be able to deliver true innovation.” Read the whole thing at: http://www.lilly.com/news/speeches/Pages/030318.aspx. 19. See Mark Ames, “The Techtopus,” Pando Daily, January 23, 2014, and Mark Ames, “Newly Unsealed Documents Show Steve Jobs’ Brutal Response after Getting a Google Employee Fired,” Pando Daily, March 25, 2014. 20. White collar: “Inside Amazon,” New York Times, August 16, 2015. Blue collar: See Dave Jamieson’s excellent Huffington Post article, “The Life and Death of an Amazon Warehouse Temp,” n.d. [2015], http://highline.huffingtonpost.com/articles/en/life-and-death-amazon-temp.
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Schmidt) Humphrey, Hubert Iacocca, Lee Illich, Ivan India Indiana IndyMac Bank inequality acceleration of Bill Clinton and Decatur and Democrats and education and Hillary Clinton and innovation and Massachusetts and Obama and professional class and Rhode Island and sharing economy and technocracy and infrastructure innovation Massachusetts and rules circumvented by Intel International Math Olympiad International Women’s Day International Year of Microcredit Internet. See also Silicon Valley; technocracy In the Shadow of FDR (Leuchtenburg) investment banks Iran Iraq War Isaacson, Walter It Takes a Village (H. Clinton) Jackson, Jesse Jackson, Robert Jefferson, Thomas Jobs, Steve jobs. See also unemployment NAFTA and sharing economy and training and Johnson, Dirk Jones, Jesse Jordan, Vernon JPMorgan Judis, John Justice Department Kahn, Alfred Kalanick, Travis Kamarck, Elaine Kennedy, Robert F. Kerry, John King, Martin Luther Klein, Joe Knapp, Bill Knights of Labor knowledge economy Kraft, Joseph Krugman, Paul Ku Klux Klan labor flexible markets for law and share of nation’s income labor unions NAFTA and Laden, Osama bin Lanier, Jaron Larson, Magali Lasch, Christopher LawTrades learning class.
Rich White Men: What It Takes to Uproot the Old Boys' Club and Transform America by Garrett Neiman
"World Economic Forum" Davos, Affordable Care Act / Obamacare, Albert Einstein, basic income, Bernie Sanders, BIPOC, Black Lives Matter, Branko Milanovic, British Empire, Capital in the Twenty-First Century by Thomas Piketty, carried interest, clean water, confounding variable, coronavirus, COVID-19, critical race theory, dark triade / dark tetrad, data science, Donald Trump, drone strike, effective altruism, Elon Musk, gender pay gap, George Floyd, glass ceiling, green new deal, high net worth, Home mortgage interest deduction, Howard Zinn, impact investing, imposter syndrome, impulse control, income inequality, Jeff Bezos, Jeffrey Epstein, John Maynard Keynes: Economic Possibilities for our Grandchildren, knowledge worker, Larry Ellison, liberal capitalism, Lyft, Mahatma Gandhi, mandatory minimum, Mark Zuckerberg, mass incarceration, means of production, meritocracy, meta-analysis, Michael Milken, microaggression, mortgage tax deduction, move fast and break things, Nelson Mandela, new economy, obamacare, occupational segregation, offshore financial centre, Paul Buchheit, Peter Thiel, plutocrats, Ralph Waldo Emerson, randomized controlled trial, rent-seeking, Ronald Reagan, Rutger Bregman, Sheryl Sandberg, Silicon Valley, Snapchat, sovereign wealth fund, Steve Jobs, subprime mortgage crisis, TED Talk, The Bell Curve by Richard Herrnstein and Charles Murray, Travis Kalanick, trickle-down economics, uber lyft, universal basic income, Upton Sinclair, War on Poverty, white flight, William MacAskill, winner-take-all economy, women in the workforce, work culture , working poor
In a 2010 United States Department of Justice antitrust action and a 2013 civil class action suit that involved sixty-four thousand computer programmers, Apple, Google, Intel, Intuit, and Adobe were accused of orchestrating “no cold call” agreements. Such agreements are illegal because they prevent high-tech employees from obtaining the jobs—and salaries—they are qualified for. The complaint offered damning evidence that Apple CEO Steve Jobs orchestrated the effort directly through private conversations with other chief executives. For example, in 2007, when a Google recruiter solicited an Apple engineer, Jobs complained directly to Google CEO Eric Schmidt. “I would be very pleased,” Jobs told Schmidt, “if your recruiting department would stop doing this.”
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And, yes, power that is largely contingent on my prioritizing a path that does not threaten other rich white men’s wealth or power. It is true that I have always worked hard. But at every critical moment, the unearned advantages I have had as a white man raised in a wealthy family have given me a crucial edge. When I arrived at Stanford in 2006, I was invited to, as Apple cofounder Steve Jobs once said, “put a dent in the universe.” As a bright-eyed teenager, I didn’t have the perspective to see that what was pitched to me as “thinking big” was actually “thinking small.” Policy change and social movements, I was told, were the old way of doing things; Silicon Valley and social entrepreneurship was the future.
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The paternal role that many rich white men claim is merely socialized and not actually necessary for society to function. After four centuries of inequity, rich white men need to create room for every American to contribute their wisdom and ideas. Only then can America become a nation that offers liberty and justice for all. CHAPTER 11 ANTIMONOPOLY Big business in America is a… meritocracy. —STEVE JOBS, APPLE COFOUNDER MYTH: Reducing inequality will damage the economy and ultimately hurt everyone. We all too often have socialism for the rich and rugged free enterprise capitalism for the poor. —DR. MARTIN LUTHER KING JR., AMERICAN BAPTIST MINISTER AND CIVIL RIGHTS ACTIVIST REALITY: Reducing inequality will strengthen democracy and unlock shared prosperity.
The Best Business Writing 2013 by Dean Starkman
Alvin Toffler, Asperger Syndrome, bank run, Basel III, Bear Stearns, call centre, carbon tax, clean water, cloud computing, collateralized debt obligation, Columbine, computer vision, Credit Default Swap, credit default swaps / collateralized debt obligations, crowdsourcing, Erik Brynjolfsson, eurozone crisis, Evgeny Morozov, Exxon Valdez, Eyjafjallajökull, factory automation, fixed income, fulfillment center, full employment, Future Shock, gamification, Goldman Sachs: Vampire Squid, hiring and firing, hydraulic fracturing, Ida Tarbell, income inequality, jimmy wales, job automation, John Markoff, junk bonds, Kickstarter, late fees, London Whale, low interest rates, low skilled workers, Mahatma Gandhi, market clearing, Maui Hawaii, Menlo Park, Occupy movement, oil shale / tar sands, One Laptop per Child (OLPC), Parag Khanna, Pareto efficiency, price stability, proprietary trading, Ray Kurzweil, San Francisco homelessness, Silicon Valley, Skype, sovereign wealth fund, stakhanovite, Stanford prison experiment, Steve Jobs, Stuxnet, synthetic biology, tail risk, technological determinism, the payments system, too big to fail, Vanguard fund, wage slave, warehouse automation, warehouse robotics, Y2K, zero-sum game
Those who believe in Kurzweil’s ugly and ridiculous thesis, which at TED conferences is probably the majority, have already grudgingly accepted the fact that a few unexciting decades will transpire before it comes to pass—and so the Khannas move in to claim these decades as their own, as their brand, while promising us that all the fun of the Singularity—who doesn’t fancy uploading his soul to the cloud so that it can commingle with the soul of Steve Jobs?—will happen even sooner than we think. As the Hybrid Age sets in, inaction is not an option. “You may continue to live your life without understanding the implications of the still-distant Singularity, but you should not underestimate how quickly we are accelerating into the Hybrid Age—nor delay in managing this transition yourself.”
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Much more than you would imagine. Bryan Gardiner tells the unexpectedly enthralling tale of the slab of glass our thumbs have come to know so well. Corning developed the forerunner of Gorilla Glass fifty years ago but shelved it shortly thereafter when demand failed to appear. It wasn’t until 2007, after Steve Jobs came calling, that the company first mass-produced the glass, and it now sells $700 million of it a year. You can’t sell stuff if you can’t make it, a truism that’s usually lost on a business press far more prone to focus on earnings reports than manufacturing processes. Gardiner navigates the intersection of science and business to show how basic research, patience, and institutional memory lead to a breakthrough product.
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• • • From above, Corning’s headquarters in upstate New York looks like a Space Invaders alien: Designed by architect Kevin Roche in the early nineties, the structure fans out in staggered blocks. From the ground, though, the tinted windows and extended eaves make the building look more like a glossy, futuristic Japanese palace. The office of Wendell Weeks, Corning’s CEO, is on the second floor, looking out onto the Chemung River. It was here that Steve Jobs gave the fifty-three-year-old Weeks a seemingly impossible task: Make millions of square feet of ultrathin, ultrastrong glass that didn’t yet exist. Oh, and do it in six months. The story of their collaboration—including Jobs’s attempt to lecture Weeks on the principles of glass and his insistence that such a feat could be accomplished—is well known.
Quiet: The Power of Introverts in a World That Can't Stop Talking by Susan Cain
8-hour work day, Albert Einstein, An Inconvenient Truth, AOL-Time Warner, Asperger Syndrome, autism spectrum disorder, Bill Gates: Altair 8800, call centre, crowdsourcing, David Brooks, delayed gratification, deliberate practice, emotional labour, game design, hive mind, index card, indoor plumbing, Isaac Newton, knowledge economy, knowledge worker, longitudinal study, Mahatma Gandhi, mass immigration, Menlo Park, meta-analysis, Mikhail Gorbachev, Nelson Mandela, new economy, popular electronics, Ralph Waldo Emerson, ride hailing / ride sharing, Rosa Parks, selective serotonin reuptake inhibitor (SSRI), shareholder value, Silicon Valley, Steve Jobs, Steve Wozniak, telemarketer, The Wisdom of Crowds, traveling salesman, twin studies, Walter Mischel, web application, white flight
Three months later he builds a prototype of that machine. And ten months after that, he and Steve Jobs cofound Apple Computer. Today Steve Wozniak is a revered figure in Silicon Valley—there’s a street in San Jose, California, named Woz’s Way—and is sometimes called the nerd soul of Apple. He has learned over time to open up and speak publicly, even appearing as a contestant on Dancing with the Stars, where he displayed an endearing mixture of stiffness and good cheer. I once saw Wozniak speak at a bookstore in New York City. A standing-room-only crowd showed up bearing their 1970s Apple operating manuals, in honor of all that he had done for them.
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But when the group is literally capable of changing our perceptions, and when to stand alone is to activate primitive, powerful, and unconscious feelings of rejection, then the health of these institutions seems far more vulnerable than we think. But of course I’ve been simplifying the case against face-to-face collaboration. Steve Wozniak collaborated with Steve Jobs, after all; without their pairing, there would be no Apple today. Every pair bond between mother and father, between parent and child, is an act of creative collaboration. Indeed, studies show that face-to-face interactions create trust in a way that online interactions can’t. Research also suggests that population density is correlated with innovation; despite the advantages of quiet walks in the woods, people in crowded cities benefit from the web of interactions that urban life offers.
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It’s an extravaganza, with lavish parties, river-rafting trips, ice-skating, mountain biking, fly fishing, horseback riding, and a fleet of babysitters to care for guests’ children. The hosts service the media industry, and past guest lists have included newspaper moguls, Hollywood celebrities, and Silicon Valley stars, with marquee names such as Tom Hanks, Candice Bergen, Barry Diller, Rupert Murdoch, Steve Jobs, Diane Sawyer, and Tom Brokaw. In July 1999, according to Alice Schroeder’s excellent biography of Buffett, The Snowball, he was one of those guests. He had attended year after year with his entire family in tow, arriving by Gulfstream jet and staying with the other VIP attendees in a select group of condos overlooking the golf course.
How We Got to Now: Six Innovations That Made the Modern World by Steven Johnson
A. Roger Ekirch, Ada Lovelace, adjacent possible, big-box store, British Empire, butterfly effect, Charles Babbage, clean water, crowdsourcing, cuban missile crisis, Danny Hillis, Ford Model T, germ theory of disease, Hans Lippershey, Ignaz Semmelweis: hand washing, indoor plumbing, interchangeable parts, invention of air conditioning, invention of the printing press, invention of the telescope, inventory management, Jacquard loom, John Snow's cholera map, Kevin Kelly, Lewis Mumford, Live Aid, lone genius, Louis Pasteur, low earth orbit, machine readable, Marshall McLuhan, mass immigration, megacity, Menlo Park, Murano, Venice glass, planetary scale, refrigerator car, Richard Feynman, Silicon Valley, Skype, Steve Jobs, Stewart Brand, Stuart Kauffman, techno-determinism, the scientific method, transcontinental railway, Upton Sinclair, walkable city, women in the workforce
The garage is not defined by a single field or industry; instead, it is defined by the eclectic interests of its inhabitants. It is a space where intellectual networks converge. In his famous Stanford commencement speech, Steve Jobs—the great garage innovator of our time—told several stories about the creative power of stumbling into new experiences: dropping out of college and sitting in on a calligraphy class that would ultimately shape the graphic interface of the Macintosh; being forced out of Apple at the age of thirty, which enabled him to launch Pixar into animated movies and create the NeXT computer. “The heaviness of being successful,” Jobs explained, “was replaced by the lightness of being a beginner again, less sure about everything.
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By the time Edison flipped the switch at the Pearl Street station, a handful of other firms were already selling their own models of incandescent electric lamps. The British inventor Joseph Swan had begun lighting homes and theaters a year earlier. Edison invented the lightbulb the way Steve Jobs invented the MP3 player: he wasn’t the first, but he was the first to make something that took off in the marketplace. So why does Edison get all the credit? It’s tempting to use the same backhanded compliment that many leveled against Steve Jobs: that he was a master of marketing and PR. It is true that Edison had a very tight relationship with the press at this point of his career. (On at least one occasion, he gave shares in his company to a journalist in exchange for better coverage.)
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Edison would bring each reporter in one at a time, flick the switch on a bulb, and let the reporter enjoy the light for three or four minutes before ushering him from the room. When he asked how long his lightbulbs would last, he answered confidently: “Forever, almost.” But for all this bluffing, Edison and his team did manage to ship a revolutionary and magical product, as the Apple marketing might have called the Edison lightbulb. Publicity and marketing will only get you so far. By 1882, Edison had produced a lightbulb that decisively outperformed its competitors, just as the iPod outperformed its MP3-player rivals in its early years. In part, Edison’s “invention” of the lightbulb was less about a single big idea and more about sweating the details.
Lurking: How a Person Became a User by Joanne McNeil
"World Economic Forum" Davos, 4chan, A Declaration of the Independence of Cyberspace, Ada Lovelace, Adam Curtis, Airbnb, AltaVista, Amazon Mechanical Turk, Andy Rubin, benefit corporation, Big Tech, Black Lives Matter, Burning Man, Cambridge Analytica, Chelsea Manning, Chris Wanstrath, citation needed, cloud computing, context collapse, crowdsourcing, data science, deal flow, decentralized internet, delayed gratification, dematerialisation, disinformation, don't be evil, Donald Trump, drone strike, Edward Snowden, Elon Musk, eternal september, fake news, feminist movement, Firefox, gentrification, Google Earth, Google Glasses, Google Hangouts, green new deal, helicopter parent, holacracy, Internet Archive, invention of the telephone, Jeff Bezos, jimmy wales, John Perry Barlow, Jon Ronson, Julie Ann Horvath, Kim Stanley Robinson, l'esprit de l'escalier, Marc Andreessen, Mark Zuckerberg, Marshall McLuhan, Max Levchin, means of production, Menlo Park, Mondo 2000, moral panic, move fast and break things, Neal Stephenson, Network effects, packet switching, PageRank, pre–internet, profit motive, Project Xanadu, QAnon, real-name policy, recommendation engine, Salesforce, Saturday Night Live, Sheryl Sandberg, Shoshana Zuboff, Silicon Valley, slashdot, Snapchat, social graph, Social Justice Warrior, Stephen Hawking, Steve Jobs, Steven Levy, Stewart Brand, subscription business, surveillance capitalism, tech worker, techlash, technoutopianism, Ted Nelson, TED Talk, Tim Cook: Apple, trade route, Turing complete, Wayback Machine, We are the 99%, web application, white flight, Whole Earth Catalog, you are the product
New acquaintances would share their concerns about their data and their privacy, their apprehension about using the platform, or how unscrupulous they believed Mark Zuckerberg to be. At a dinner party, as soon as people learned where she worked, for two hours they would want to talk about “how terrible the privacy situation was at Facebook.” If you had told someone in Silicon Valley you worked at Apple in those years, back when Steve Jobs was giving his blustery keynotes, they might have said, “Cool, I love my iPhone!” But not Facebook. No way. For as bad as it was, and for as bad as it was perceived to be, it was never bad enough not to use. Losse recognized this “double condition” in place when she talked with disgruntled Facebook users in its early years.
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The iPhone was gorgeous, “intuitive,” and it was built to be handled like an intimate acquaintance. In time, people would learn more about Foxconn and the loss of human lives associated with the iPhone’s creation. It was too expensive, certainly. But from the stage at Macworld, on January 9, 2007, Steve Jobs announced the future betimes. The iPhone’s first decade nearly parallels Barack Obama’s years in the White House. Elected in 2008, Obama left office in January of 2017, ten years after Jobs’s presentation. Barack Obama was the first president to have a Twitter account and the first to use Instagram.
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* * * Around the time of its first smartphone launch in 2007, it was possible, if unwise, to talk about Apple as an underdog, and adopt the corporation’s own narrative, a holdover since its famous 1984-inspired Super Bowl commercial, directed by Ridley Scott, featuring a spry bleached blonde racing to attack “Big Brother” with a sledgehammer. In 2007, Apple was ranked 367 on Fortune’s Global 500. Ten years later, it was ninth on the list (between Berkshire Hathaway and Exxon Mobil). With the iPhone, Apple was off to the races: in 2010, Apple sold almost forty million devices, and by 2014, sales were just shy of 170 million. Now the figure is north of two hundred million new Apple phones each year.
The Silent Intelligence: The Internet of Things by Daniel Kellmereit, Daniel Obodovski
Airbnb, Amazon Web Services, Any sufficiently advanced technology is indistinguishable from magic, autonomous vehicles, barriers to entry, business intelligence, call centre, Clayton Christensen, cloud computing, commoditize, connected car, crowdsourcing, data acquisition, driverless car, en.wikipedia.org, Erik Brynjolfsson, first square of the chessboard, first square of the chessboard / second half of the chessboard, Freestyle chess, Google X / Alphabet X, Internet of things, lifelogging, Metcalfe’s law, Network effects, Paul Graham, Ray Kurzweil, RFID, Robert Metcalfe, Salesforce, self-driving car, Silicon Valley, smart cities, smart grid, software as a service, Steve Jobs, The future is already here, the long tail, Tony Fadell, vertical integration, web application, Y Combinator, yield management
It took a long time to build 3G networks, ensure their stability, and create an ecosystem of applications, but once Apple introduced the first iPhone in 2007 and Android followed shortly after, smartphones took over the market within three years. We believe something very similar is about to happen in the M2M space. A big part of technology adoption is awareness. As Peggy Smedley says: It’s all of these great minds that helped us understand what the technology can do for us, people like Robert Metcalfe or Steve Jobs and other great visionaries. They helped us really understand what the technologies can do, what the data behind the technologies can do.
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Brian Arthur, “The Second Economy,” McKinsey Quarterly (2011), p.6. 12 Evans and Annunziata, Industrial Internet, p.4. 13 Ericsson, “More Than 50 Billion Connected Devices,” p.4. Chapter 2 TECHNOLOGY ECOSYSTEM Technology is nothing. What’s important is that you have a faith in people, that they’re basically good and smart, and if you give them tools, they’ll do wonderful things with them. ~ Steve Jobs The Greek word techne, which is at the root of the word technology, means an art that has a practical application. Indeed, in the world of M2M technology, where things are being created as we write, there is as much art as there is science. For example, ask any radio frequency (RF) engineer about designing antennas for small, connected devices, and they will tell you it truly is an art in itself.
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Glen Allmendinger is a big believer in open systems. He says: This is a hard subject to make simple, but if you try and make it simple, the thing that you’re measuring in any kind of application context is essentially, how free is the data to be used by other peer functions, applications, or businesses or otherwise? Apple and Google have organized a significant means of creating semiclosed systems. Facebook, in my estimation, is really a closed system that has a huge amount of user-generated content value. If you imagine a future world where you introduce devices into these kinds of systems that allow for content creation by the device or person or both, or the interactions therein, that creates a huge opportunity for open-data sharing.
Big Business: A Love Letter to an American Anti-Hero by Tyler Cowen
"Friedman doctrine" OR "shareholder theory", 23andMe, Affordable Care Act / Obamacare, augmented reality, barriers to entry, Bernie Sanders, Big Tech, bitcoin, blockchain, Bretton Woods, cloud computing, cognitive dissonance, company town, compensation consultant, corporate governance, corporate social responsibility, correlation coefficient, creative destruction, crony capitalism, cryptocurrency, dark matter, David Brooks, David Graeber, don't be evil, Donald Trump, driverless car, Elon Musk, employer provided health coverage, experimental economics, Fairchild Semiconductor, fake news, Filter Bubble, financial innovation, financial intermediation, gentrification, Glass-Steagall Act, global reserve currency, global supply chain, Google Glasses, income inequality, Internet of things, invisible hand, Jeff Bezos, junk bonds, late fees, Mark Zuckerberg, mobile money, money market fund, mortgage debt, Network effects, new economy, Nicholas Carr, obamacare, offshore financial centre, passive investing, payday loans, peer-to-peer lending, Peter Thiel, pre–internet, price discrimination, profit maximization, profit motive, RAND corporation, rent-seeking, reserve currency, ride hailing / ride sharing, risk tolerance, Ronald Coase, shareholder value, Silicon Valley, Silicon Valley startup, Skype, Snapchat, Social Responsibility of Business Is to Increase Its Profits, Steve Jobs, The Nature of the Firm, Tim Cook: Apple, too big to fail, transaction costs, Tyler Cowen, Tyler Cowen: Great Stagnation, ultimatum game, WikiLeaks, women in the workforce, World Values Survey, Y Combinator
And then there’s the fact that large American companies are much more globalized than ever before, and their supply chains are spread across a larger number of countries. Apple’s iPhone, for instance, relies on components and assembly from the United States, South Korea, Thailand, Malaysia, the Philippines, Taiwan, India, and China. A lot of Apple’s key innovation was not the technology behind the iPhone, much of which already was in place, but rather new ideas about how to build up and maintain such a supply chain. Steve Jobs and Tim Cook had to develop a great deal of knowledge about trade patterns, foreign direct investment, and the global economy more generally. In each of the countries in which it does business, Apple has faced unique institutional and regulatory obstacles.
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For instance, email and smartphones allow for easier management of global supply chains at a distance, and that in turn increases the influence and eventually the compensation of many of the best managers in multinational enterprises. But skill-biased technical change does not fall from the sky; rather, it comes about because it was the vision, deeply held and tenaciously enacted, of a number of CEOs. Steve Jobs saw and decided that an iPhone could be produced in a globally integrated supply chain, finished in China, and sold to the whole world, and then he figured out the process and made it happen—with the help of a lot of workers and other CEOs, of course. It’s not a popular thing to say, but one reason CEO pay has gone up so much is that the CEOs themselves really have upped their game relative to the performance of many other workers in the American economy.
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Your real options are to find corners of the internet that will be interested in your ideas, and adjust accordingly. It’s still a far freer intellectual world than what we knew only a short time ago. To consider a third major tech company: Apple too continues to be a major innovator, in spite of its reputation to the contrary. Not only does Apple have three truly major developments under its belt—personal computers, smartphones, and smart tablets—but the company continues to try to drive further advances. The future of the Apple Watch remains uncertain, but at the very least it is a major achievement along the path of developing higher-quality and more practical internet-connected wearables; its millions of users already find it a convenient way to receive messages and track and measure certain aspects of their behavior.
Ask Your Developer: How to Harness the Power of Software Developers and Win in the 21st Century by Jeff Lawson
Airbnb, AltaVista, Amazon Web Services, barriers to entry, big data - Walmart - Pop Tarts, Big Tech, big-box store, bitcoin, business process, call centre, Chuck Templeton: OpenTable:, cloud computing, coronavirus, COVID-19, create, read, update, delete, cryptocurrency, data science, David Heinemeier Hansson, deep learning, DevOps, Elon Musk, financial independence, global pandemic, global supply chain, Hacker News, Internet of things, Jeff Bezos, Kanban, Lean Startup, loose coupling, Lyft, Marc Andreessen, Marc Benioff, Mark Zuckerberg, microservices, minimum viable product, Mitch Kapor, move fast and break things, Paul Graham, peer-to-peer, ride hailing / ride sharing, risk tolerance, Ruby on Rails, Salesforce, side project, Silicon Valley, Silicon Valley startup, Skype, social distancing, software as a service, software is eating the world, sorting algorithm, Startup school, Steve Ballmer, Steve Jobs, Telecommunications Act of 1996, Toyota Production System, transaction costs, transfer pricing, two-pizza team, Uber and Lyft, uber lyft, ubercab, web application, Y Combinator
Developers can’t iterate on things that are fixed in plastic and metal—once the gizmo leaves the factory, its functionality is set for life. So the decision to remove the buttons isn’t just aesthetic, it’s incredibly strategic. When I first saw the minimalist Apple TV remote, I thought: Oh, this is a software game now. This is the same thought process Steve Jobs brought to the iPhone in 2007. He mocked all the phones with physical keyboards because, he correctly noted, the keyboard was always there whether you needed it or not. You could never update it, you couldn’t change languages, and you couldn’t get rid of it when you didn’t want it.
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These questions will help you build a culture that recognizes and celebrates the process of experimentation, and ultimately a culture of innovation. Chapter 6 Recruiting and Hiring Developers It doesn’t make sense to hire smart people and tell them what to do. We hire smart people so they can tell us what to do. —Steve Jobs Over the past few chapters, I’ve talked about why it’s so important, and easier, for companies to become software builders. To do that, you need talent. In the coming decade, the winners will be companies that build the best software—which really means, the companies with the best software developers.
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I particularly enjoy seeing it arise in traditionally hardware-centric fields because when you see a Software Person running the playbook in the field of hardware, you can see the evolution play out physically in plastic, metal, and glass. Consider what Apple did to the TV remote control. Before Apple released Apple TV, set-top boxes came with a remote control with a hundred buttons. Some even advertised the number of buttons as a selling point! Next to each button was a label: Volume Up/Down, Channel Up/Down, Favorites, PiP, Source, Menu, and so forth. The first Apple TV remote had only seven buttons. Why? Because all the smarts of the Apple TV resides in the software running on the device. That means Apple can learn from customers and update the software constantly with new features and functionality.
The People's Platform: Taking Back Power and Culture in the Digital Age by Astra Taylor
"World Economic Forum" Davos, A Declaration of the Independence of Cyberspace, Aaron Swartz, Alan Greenspan, American Legislative Exchange Council, Andrew Keen, AOL-Time Warner, barriers to entry, Berlin Wall, big-box store, Brewster Kahle, business logic, Californian Ideology, citizen journalism, cloud computing, collateralized debt obligation, Community Supported Agriculture, conceptual framework, content marketing, corporate social responsibility, creative destruction, cross-subsidies, crowdsourcing, David Brooks, digital capitalism, digital divide, digital Maoism, disinformation, disintermediation, don't be evil, Donald Trump, Edward Snowden, Evgeny Morozov, Fall of the Berlin Wall, Filter Bubble, future of journalism, Gabriella Coleman, gentrification, George Gilder, Google Chrome, Google Glasses, hive mind, income inequality, informal economy, Internet Archive, Internet of things, invisible hand, Jane Jacobs, Jaron Lanier, Jeff Bezos, job automation, John Markoff, John Perry Barlow, Julian Assange, Kevin Kelly, Kickstarter, knowledge worker, Laura Poitras, lolcat, Mark Zuckerberg, means of production, Metcalfe’s law, Naomi Klein, Narrative Science, Network effects, new economy, New Journalism, New Urbanism, Nicholas Carr, oil rush, peer-to-peer, Peter Thiel, planned obsolescence, plutocrats, post-work, power law, pre–internet, profit motive, recommendation engine, Richard Florida, Richard Stallman, self-driving car, shareholder value, sharing economy, Sheryl Sandberg, Silicon Valley, Silicon Valley billionaire, Silicon Valley ideology, slashdot, Slavoj Žižek, Snapchat, social graph, Steve Jobs, Stewart Brand, technological solutionism, technoutopianism, TED Talk, the long tail, trade route, Tragedy of the Commons, vertical integration, Whole Earth Catalog, WikiLeaks, winner-take-all economy, Works Progress Administration, Yochai Benkler, young professional
Those arts-based careers have always married hope and desperation into a tense relationship.”30 In a similar vein, NPR reports that the “temp-worker lifestyle” is a kind of “performance art,” a statement that conjures a fearless entertainer mid-tightrope or an acrobat hurling toward the next trapeze without a safety net—a thrilling image, especially to employers who would prefer not to provide benefits.31 The romantic stereotype of the struggling artist is familiar to the musician Marc Ribot, a legendary figure on the New York jazz scene who has worked with Marianne Faithfull, Elvis Costello, John Zorn, Tom Waits, Alison Krauss, Robert Plant, and even Elton John. Ribot tells me he had an epiphany watching a “great but lousy” made-for-TV movie about Apple computers. As he tells it, two exhausted employees are complaining about working eighteen-hour days with no weekends when an actor playing Steve Jobs tells them to suck it up—they’re not regular workers at a stodgy company like IBM but artists. “In other words art was the new model for this form of labor,” Ribot says, explaining his insight. “The model they chose is musicians, like Bruce Springsteen staying up all night to get that perfect track.
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Products “designed for the dump,” as people in the business call them—made to break and engineered to be difficult or impossible to fix—ensure a steady revenue stream. Thus a company such as Apple, seeking to shorten the replacement cycle of their wares, makes it easier and more affordable for consumers to buy a new gadget than change the battery in an old one. We are deceived into thinking longevity is not an option. When Steve Jobs died, many people circulated a quote in which he compared himself to a dedicated craftsman: “When you’re a carpenter making a beautiful chest of drawers, you’re not going to use a piece of plywood on the back, even though it faces the wall and nobody will ever see it.
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“The model they chose is musicians, like Bruce Springsteen staying up all night to get that perfect track. Their life does not resemble their parents’ life working at IBM from nine to five, and certainly doesn’t resemble their parents’ pay structures—it’s all back end, no front end. All transfer of risk to the worker.” (In 2011 Apple Store workers upset over pay disparities were told, “Money shouldn’t be an issue when you’re employed at Apple. Working at Apple should be viewed as an experience.”)32 In Ribot’s field this means the more uncertain part of the business—the actual writing, recording, and promoting of music—is increasingly “outsourced” to individuals while big companies dominate arenas that are more likely to be profitable, like concert sales and distribution (Ticketmaster, Amazon, iTunes, and Google Play, none of which invests in music but reaps rewards from its release).
Mobile First by Luke Wroblewski
augmented reality, Benchmark Capital, en.wikipedia.org, Mary Meeker, RFID, Steve Jobs, web application
But it wasn’t just the wait; using the phone’s keypad to triple-tap text was a chore, and even predictive text tools like T9 (http://bkaprt.com/mf/16) didn’t fully ease the pain. But something happened less than a year later that really changed things. On June 29, 2007, Steve Jobs got on stage and introduced the first iPhone. Apple fanboy or not, it’s hard to deny the impact this device has had on the mobile internet. Here was a mobile phone on which browsing the web really did not suck. Looking at AT&T’s mobile data traffic from 2006 to 2009 (when it was the exclusive carrier of the iPhone in the US) tells the story quite clearly (fig 1.3).
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For example, many native iPhone applications have prominent “back” links in their navigation header (fig 4.12). Apple’s mobile devices lack a physical back button and don’t display any system chrome actions for native apps. Fig 4.12: The “back” button is a common feature in native iPhone applications. But the presence of a “back” button in the header has unnecessarily migrated to mobile web experiences. Many devices (Android, Blackberry, Windows Phone 7, etc.) have physical back buttons (fig 4.13). Even Apple’s mobile web browser includes a prominent back control in the application toolbar (fig 4.14). Adding another back button in your mobile web experience’s header only confuses things.
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Pixel density (or ppi) measures the resolution of a screen by looking at the total number of pixels available horizontally and vertically within specific physical dimensions. Apple’s original iPhone had 320×480 pixels available on a 3.5in screen, which meant it had a pixel density of 164ppi. The Google Nexus One had 480×800 pixels available on a 3.7in screen, which meant it had 252ppi. Why does this make a difference? Pixel density impacts how physically big or small elements appear on a screen. A higher pixel density means each pixel is physically smaller. Consider a set of buttons viewed on an Apple Cinema Display, which has a ppi common to many desktop computers of about 94ppi. View the same pixels on a Nokia N900, which has a pixel density of 266ppi, and you can clearly see the difference.
As Gods: A Moral History of the Genetic Age by Matthew Cobb
"World Economic Forum" Davos, Apollo 11, Asilomar, bioinformatics, Black Lives Matter, Build a better mousetrap, clean water, coronavirus, COVID-19, CRISPR, cryptocurrency, cuban missile crisis, double helix, Dr. Strangelove, Drosophila, Electric Kool-Aid Acid Test, Fellow of the Royal Society, Food sovereignty, global pandemic, Gordon Gekko, greed is good, Higgs boson, lab leak, mega-rich, military-industrial complex, Nelson Mandela, offshore financial centre, out of africa, planetary scale, precautionary principle, profit motive, Project Plowshare, QR code, Ralph Waldo Emerson, Recombinant DNA, Richard Feynman, Ronald Reagan, Scientific racism, Silicon Valley, Skype, stem cell, Steve Jobs, Steve Wozniak, Steven Pinker, Stewart Brand, synthetic biology, tacit knowledge, Thomas Kuhn: the structure of scientific revolutions, Wayback Machine, We are as Gods, Whole Earth Catalog
That would soon change – less than a decade later around $4.5 billion would be invested in venture capital projects, partly due to a legal change that allowed pension funds to invest their vast wealth in riskier companies.9 In a bizarre coincidence, two of the sparks that began this explosion flashed into existence on 1 April 1976. On that day Swanson met with Kleiner & Perkins in San Francisco to pitch his recombinant insulin idea, while 60 km away down in Silicon Valley, Steve Jobs and Steve Wozniak set up Apple Computer Company.10 As Jobs and Wozniak took the first tiny step in the creation of what turned out to be a business behemoth, Swanson was already playing with the big boys, presenting his ex-bosses with a six-page business plan and asking for a cool $500,000. After postponing their decision until they met Boyer – he was the man with the scientific know-how upon which the whole project would depend – Kleiner & Perkins eventually agreed to invest $100,000 in Swanson’s six pages of paper.
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., p. 37. 4 Hall, Invisible Frontiers, p. 66. 5 Hughes, Genentech, p. 20. 6 For a full account of the history of insulin, which covers much of the material in this chapter, see Hall, K. (2022), Insulin – The Crooked Timber: A History from Thick Brown Muck to Wall Street Gold (Oxford, Oxford University Press). 7 Hall, Invisible Frontiers, p. 67. 8 Rasmussen, Gene Jockeys, p. 118. 9 Owen, G. and Hopkins, M. (2016), Science, the State, and the City: Britain’s Struggle to Succeed in Biotechnology (Oxford, Oxford University Press), p. 28. 10 Isaacson, W. (2011), Steve Jobs (London, Little, Brown), p. 65. In fact, three signatories set up Apple – the third was Ronald Wayne, who quickly got cold feet and withdrew his signature a couple of weeks later. Had he kept with his initial decision he would eventually have been a billionaire. 11 Robertson, M. (1974), Nature 251:564–5. 12 Hughes, Genentech, p. 41.
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He Jiankui had been scheduled to speak at the Hong Kong summit – rumours of his intentions to use gene editing on embryos reached the organisers in October and they decided to invite him, unaware that he had already turned his intentions into actions.55 Some observers have speculated that He intended to pull a Steve Jobs-esque ‘One more thing…’ and announce the birth of the twins at the end of his talk, accompanied by the simultaneous release of the videos and exclusive coverage in friendly media. Whatever the case, the careful planning had been thrown into disarray by Regalado following his nose and the Summit organisers insisted that He present his data in full.
The Enlightened Capitalists by James O'Toole
"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, Abraham Maslow, activist fund / activist shareholder / activist investor, anti-communist, Ayatollah Khomeini, benefit corporation, Bernie Madoff, Bletchley Park, book value, British Empire, business cycle, business logic, business process, California gold rush, carbon footprint, City Beautiful movement, collective bargaining, company town, compensation consultant, Cornelius Vanderbilt, corporate governance, corporate social responsibility, Credit Default Swap, crowdsourcing, cryptocurrency, desegregation, do well by doing good, Donald Trump, double entry bookkeeping, end world poverty, equal pay for equal work, Frederick Winslow Taylor, full employment, garden city movement, germ theory of disease, glass ceiling, God and Mammon, greed is good, high-speed rail, hiring and firing, income inequality, indoor plumbing, inventory management, invisible hand, James Hargreaves, job satisfaction, joint-stock company, Kickstarter, knowledge worker, Lao Tzu, Larry Ellison, longitudinal study, Louis Pasteur, Lyft, Marc Benioff, means of production, Menlo Park, North Sea oil, passive investing, Ponzi scheme, profit maximization, profit motive, Ralph Waldo Emerson, rolodex, Ronald Reagan, Salesforce, scientific management, shareholder value, Silicon Valley, Social Responsibility of Business Is to Increase Its Profits, Socratic dialogue, sovereign wealth fund, spinning jenny, Steve Jobs, Steve Wozniak, stock buybacks, stocks for the long run, stocks for the long term, The Fortune at the Bottom of the Pyramid, The Wealth of Nations by Adam Smith, Tim Cook: Apple, traveling salesman, Uber and Lyft, uber lyft, union organizing, Vanguard fund, white flight, women in the workforce, young professional
Those two not terribly dramatic decisions illustrate and encapsulate the life cycle of enlightened business practices at most companies: they don’t end suddenly; instead, as Max De Pree noted, they gradually erode away. Edwin Land, Scientist As millions of the people who owned a Polaroid Land Camera once knew, instant photography was invented by Edwin H. Land. Fewer people are aware that Land was “the man who inspired Steve Jobs”—which is as ironic as it is an interesting tidbit of techno-trivia.23 For it was Apple’s Jobs who perfected and successfully marketed the digital photographic technology that Land stubbornly resisted to the point of losing control of the company he’d founded. Land was a nonobservant Jew born into a Connecticut family just wealthy enough to send him to a semiprivate prep school, and then to Harvard.
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Those paradoxical facts illustrate how difficult it is to assess the careers of unethical business moguls who engage in philanthropic sin-washing. Even more complicated is the assessment of the social contributions made by great inventors and entrepreneurs such as Robert Fulton and John Deere at the turn of the nineteenth century, Thomas Edison and Cornelius Vanderbilt a century later, and Steve Jobs and Bill Gates in our day. They each made significant business and technological contributions that improved the lives of ordinary men and women, yet while they were far from being robber barons—their business sins were relatively peccadilloes—none is particularly remembered for his business virtue or enlightened practices.
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In other words, the Gates Foundation could be said to do more good for the world than Microsoft might have done under Gates’s leadership if, to address social problems, he had diverted his attention from the company’s economic and technological functions. Oracle’s chairman Larry Ellison goes further, arguing that “the Ford Motor Company did more good than the Ford Foundation” by providing jobs, tax revenues, and mobility to millions.21 And even the likes of Thomas Edison and Steve Jobs—who evidenced not only little to no interest in addressing social problems during their business careers, but also no desire to engage in philanthropy—are said by some to have made greater social contributions through their technological innovations than they could have made through any acts of social engagement.
The Purpose Economy: How Your Desire for Impact, Personal Growth and Community Is Changing the World by Aaron Hurst
Abraham Maslow, Airbnb, Alvin Toffler, Atul Gawande, barriers to entry, benefit corporation, big-box store, bike sharing, Bill Atkinson, business process, call centre, carbon footprint, citizen journalism, commoditize, corporate social responsibility, crowdsourcing, disintermediation, do well by doing good, Elon Musk, Firefox, General Magic , glass ceiling, greed is good, housing crisis, independent contractor, informal economy, Jane Jacobs, jimmy wales, Khan Academy, Kickstarter, Lean Startup, longitudinal study, Max Levchin, means of production, Mitch Kapor, new economy, pattern recognition, Peter Singer: altruism, Peter Thiel, QR code, Ray Oldenburg, remote working, Ronald Reagan, selection bias, sharing economy, Silicon Valley, Silicon Valley startup, Steve Jobs, TaskRabbit, TED Talk, Tony Hsieh, too big to fail, underbanked, women in the workforce, work culture , young professional, Zipcar
What very few people know is that the first real iPhone was first developed 17 years earlier, and while Steve Jobs was off working on other ventures. In 1990, then-Apple executive Marc Porat convinced John Scully that the next generation of computing would require a partnership of computers, communications, and consumer electronics. John gave it the green light, but it was under-resourced, and by May of that year, Marc had convinced him to let it be spun out and to allow him to take two of Apple’s stars (Bill Atkinson and Andy Hertzfeld) with him. They founded a new company and called it General Magic.
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Elon Musk had a different kind of vision from the start: to build a market for electric cars, beginning with luxury cars, and then expanding over time to reach a broader consumer base. This was a rather specific vision; that is, it wasn’t simply about building an amazing electric car, it was also about creating an environment in which it could be successful. Not unlike Steve Jobs, Musk is constantly designing his products and services as he simultaneously readies the marketplace for them. Musk’s vision completely aligns with a principle that scientists have known for over half a century: innovations spread socially and over time. The diffusion of innovations theory, developed in 1962 by sociologist Everett Rogers, explains how, why, and at what rate new ideas and technologies spread through populations.
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But perhaps as importantly, he would need to find a solution for the incredibly expensive battery technology needed for the car to work. Just the battery for an electric car costs more than double the price of an entry-level car in the market. For this reason alone, Tesla would have to focus on the luxury end of the market. Tesla’s cars are designed and built for the Google or Apple executive. The Apple headquarters boast more Teslas than a Tesla showroom. Early buyers were not price-sensitive and placed a premium on service and design. Tesla identified their innovator customer segment and focused their energies on selling and servicing them in unique ways. For example, Tesla understood the busy schedules of their customers, and had their service technicians visit owners for maintenance appointments rather than forcing them to sit waiting in a garage.
Data Science for Business: What You Need to Know About Data Mining and Data-Analytic Thinking by Foster Provost, Tom Fawcett
Albert Einstein, Amazon Mechanical Turk, Apollo 13, big data - Walmart - Pop Tarts, bioinformatics, business process, call centre, chief data officer, Claude Shannon: information theory, computer vision, conceptual framework, correlation does not imply causation, crowdsourcing, data acquisition, data science, David Brooks, en.wikipedia.org, Erik Brynjolfsson, Gini coefficient, Helicobacter pylori, independent contractor, information retrieval, intangible asset, iterative process, Johann Wolfgang von Goethe, Louis Pasteur, Menlo Park, Nate Silver, Netflix Prize, new economy, p-value, pattern recognition, placebo effect, price discrimination, recommendation engine, Ronald Coase, selection bias, Silicon Valley, Skype, SoftBank, speech recognition, Steve Jobs, supply-chain management, systems thinking, Teledyne, text mining, the long tail, The Signal and the Noise by Nate Silver, Thomas Bayes, transaction costs, WikiLeaks
This cluster contains stories about Apple’s stock price movements, during and after each day of trading: Apple shares pare losses, still down 5 pct Apple rises 5 pct following strong results Apple shares rise on optimism over iPhone demand Apple shares decline ahead of Tuesday event Apple shares surge, investors like valuation Cluster 3. In 2008, there were many stories about Steve Jobs, Apple’s charismatic CEO, and his struggle with pancreatic cancer. Jobs’ declining health was a topic of frequent discussion, and many business stories speculated on how well Apple would continue without him. Such stories clustered here: ANALYSIS-Apple success linked to more than just Steve Jobs NEWSMAKER-Jobs used bravado, charisma as public face of Apple COLUMN-What Apple loses without Steve: Eric Auchard Apple could face lawsuits over Jobs' health INSTANT VIEW 1-Apple CEO Jobs to take medical leave ANALYSIS-Investors fear Jobs-less Apple Cluster 4.
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This cluster contained little thematic consistency: ANALYSIS-Less cheer as Apple confronts an uncertain 2009 TAKE A LOOK - Apple Macworld Convention TAKE A LOOK-Apple Macworld Convention Apple eyed for slim laptop, online film rentals Apple's Jobs finishes speech announcing movie plan Cluster 8. Stories on iTunes and Apple’s position in digital music sales formed this cluster: PluggedIn-Nokia enters digital music battle with Apple Apple's iTunes grows to No. 2 U.S. music retailer Apple may be chilling iTunes competition Nokia to take on Apple in music, touch-screen phones Apple talking to labels about unlimited music Cluster 9.
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This cluster’s stories were about the iPhone and deals to sell iPhones in other countries: MegaFon says to sell Apple iPhone in Russia Thai True Move in deal with Apple to sell 3G iPhone Russian retailers to start Apple iPhone sales Oct 3 Thai AIS in talks with Apple on iPhone launch Softbank says to sell Apple's iPhone in Japan Cluster 6. One class of stories reports on stock price movements outside of normal trading hours (known as Before and After the Bell): Before the Bell-Apple inches up on broker action Before the Bell-Apple shares up 1.6 pct before the bell BEFORE THE BELL-Apple slides on broker downgrades After the Bell-Apple shares slip After the Bell-Apple shares extend decline Centroid 7.
The Rich and the Rest of Us by Tavis Smiley
"there is no alternative" (TINA), affirmative action, Affordable Care Act / Obamacare, An Inconvenient Truth, back-to-the-land, benefit corporation, Bernie Madoff, Bernie Sanders, Buckminster Fuller, Corrections Corporation of America, Credit Default Swap, death of newspapers, deindustrialization, ending welfare as we know it, F. W. de Klerk, fixed income, full employment, housing crisis, Howard Zinn, income inequality, job automation, liberation theology, Mahatma Gandhi, mass incarceration, mega-rich, military-industrial complex, Nelson Mandela, new economy, obamacare, Occupy movement, plutocrats, profit motive, Ralph Waldo Emerson, Ronald Reagan, shareholder value, Silicon Valley, Steve Jobs, traffic fines, trickle-down economics, War on Poverty, We are the 99%, white flight, women in the workforce, working poor
The large house in which we live demands that we transform this worldwide neighborhood into a worldwide brotherhood [sisterhood].” —Dr. Martin Luther King, Jr., Where Do We Go From Here? “Those jobs aren’t coming back.” Steve Jobs’s frank reply probably wasn’t something President Barack Obama wanted to hear. Apple, the company formerly headed by the late Steve Jobs, manufactures millions of iMacs, iPhones, iPads, and other products that are sold around the world but manufactured overseas. During an exclusive dinner in California with Silicon Valley VIPs, including Jobs, the President asked how Apple manufacturing jobs could be brought back to America. Jobs’s answer, according to several news sources, was no-nonsense.
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Martin Luther King, Jr., decided to kick off the Poor People’s Campaign from there. A year before his death, in preparation for the event, King visited a ramshackle schoolhouse in the town of Marks, located in Quitman. King was moved to tears as he watched a teacher feed children their lunch—crackers and a single apple sliced among them. A few years ago, Marian Wright Edelman, founder of the Children’s Defense Fund (CDF), commissioned Pulitzer Prize–winning author Julia Cass to go to the Mississippi Delta and other poverty-ridden counties and cities to find poor children “and tell their stories” for the CDF photo-essay report, “‘Held Captive’: Child Poverty in America” (2010).24 In Lambert, another small Quitman County town, Cass met Robert Jamison, founder and director of the North Delta Youth Development Center, a nonprofit center that offers afterschool programs for area children.
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America’s elite understands that today’s poor are a potential powerhouse. They are multicultural, multiracial, and multigenerational and come from a variety of backgrounds. There is no longer a one-size-fits-all poverty in America. If the 50 million poor ever reached consensus about the roots of their suffering, the plutocratic apple cart would be upended permanently. This is why ignoring, denying, and dismissing the poor has become a multimillion-dollar enterprise. Who’s Boiling the Tea? “The Founding Fathers originally said … they put certain restrictions on who gets the right to vote. It wasn’t [that] you were just a citizen and you got to vote.
The Capitalist Manifesto by Johan Norberg
AltaVista, anti-communist, barriers to entry, Berlin Wall, Bernie Sanders, Big Tech, Boris Johnson, business climate, business cycle, capital controls, Capital in the Twenty-First Century by Thomas Piketty, carbon footprint, carbon tax, Charles Babbage, computer age, coronavirus, COVID-19, creative destruction, crony capitalism, data is not the new oil, data is the new oil, David Graeber, DeepMind, degrowth, deindustrialization, Deng Xiaoping, digital map, disinformation, Donald Trump, Elon Musk, energy transition, Erik Brynjolfsson, export processing zone, failed state, Filter Bubble, friendshoring, gig economy, Gini coefficient, global supply chain, Google Glasses, Greta Thunberg, Gunnar Myrdal, Hans Rosling, Hernando de Soto, Howard Zinn, income inequality, independent contractor, index fund, Indoor air pollution, industrial robot, Intergovernmental Panel on Climate Change (IPCC), invention of the printing press, invisible hand, Jeff Bezos, Jeremy Corbyn, job automation, job satisfaction, Joseph Schumpeter, land reform, liberal capitalism, lockdown, low cost airline, low interest rates, low skilled workers, Lyft, manufacturing employment, Mark Zuckerberg, means of production, meta-analysis, Minecraft, multiplanetary species, Naomi Klein, Neal Stephenson, Nelson Mandela, Network effects, open economy, passive income, Paul Graham, Paul Samuelson, payday loans, planned obsolescence, precariat, profit motive, Ralph Nader, RAND corporation, rent control, rewilding, ride hailing / ride sharing, Ronald Coase, Rosa Parks, Salesforce, Sam Bankman-Fried, Shenzhen was a fishing village, Silicon Valley, Simon Kuznets, Snapchat, social distancing, social intelligence, South China Sea, Stephen Fry, Steve Jobs, tech billionaire, The Spirit Level, The Wealth of Nations by Adam Smith, TikTok, Tim Cook: Apple, total factor productivity, trade liberalization, transatlantic slave trade, Tyler Cowen, Uber and Lyft, uber lyft, ultimatum game, Virgin Galactic, Washington Consensus, working-age population, World Values Survey, X Prize, you are the product, zero-sum game
The social networks that ruled were Sixdegrees, AIM, Friendster and most importantly MySpace, which was so hot that Google saw it as a breakthrough to get a three-year advertising agreement with the network in 2006, which was signed at a glamorous party on Pebble Beach with such guests as Bono and Tony Blair. Finally, Google got to hang out with the big boys. Apple, on the other hand, was a veteran of the personal computer age, but after a long crisis it had become a symbol of the fact that an early dominant position does not mean much in a fast-moving market. However, Steve Jobs had recently returned to the company, and the launch of the iPod at the end of 2001 gave Apple new hope. In 2003, the company was finally able to enjoy a modest annual profit. Adjusted for inflation, that annual profit is roughly what Apple currently earns in fourteen hours. But that was only after the company revolutionized the mobile phone, which was then dominated by Nokia.
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The same fate befell its Twitter imitation Jaiku, the location service Dodgeball, the encyclopaedia Knol, the game Google Lively and more recently Google Stadia, the work tool Google Wave, the media player Nexus Q and the digital discount booklet Google Offers. And the much-hyped Google Glasses are currently in the ‘Where are they now?’ file. Apple was the company that almost perished before Steve Jobs made a comeback, but even under his rule the company made some blunders, for example with the social network Ping, the stereo speaker iPod Hi-Fi, the smart speaker Home Pod and the connection Firewire, which admittedly could do more than USB but cost too much. Most embarrassing was probably the launch of Apple’s map app, which in its first incarnation was so buggy and incomplete that CEO Tim Cook had to apologize and recommend angry users to use its competitors’ products.
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The average US region increased employment 1.3 per cent more annually than a hypothetical region that had no trade with China. As a result, 75 per cent of American workers got higher real wages.38 But why sacrifice any jobs at all? Just look at an iPhone. Donald Trump could not understand why Apple assembles its mobile phones on the other side of the globe. ‘China is the biggest beneficiary of Apple – not us,’ he complained in January 2019, urging Apple to ‘build their damn computers and things in this country instead of in other countries’. But is China really the biggest winner? Some researchers disassembled an iPhone 7 that sold for $649. They observed that the manufacturing cost of just over $237 (which looks like $237 of Chinese imports in the data tables) mostly consists of components that have previously been imported to China, such as American, Japanese, Korean and Taiwanese microprocessors, memory chips and displays.
Gamers at Work: Stories Behind the Games People Play by Morgan Ramsay, Peter Molyneux
Any sufficiently advanced technology is indistinguishable from magic, augmented reality, Bill Atkinson, Bob Noyce, book value, collective bargaining, Colossal Cave Adventure, do what you love, financial engineering, game design, Golden age of television, Ian Bogost, independent contractor, index card, Mark Zuckerberg, oil shock, pirate software, RAND corporation, risk tolerance, Silicon Valley, SimCity, Skype, Steve Jobs, Von Neumann architecture
Assuming that we have taken advantage of those opportunities, remembering our lessons and how they can be applied across problem domains can remain difficult, especially when we are immersed in the day-to-day. Trip Hawkins, who I greatly admire as a business leader, spent years and years planning Electronic Arts, eventually working at Apple alongside the late Steve Jobs to learn the ropes. Despite that rigor and care which undoubtedly contributed to his phenomenal success, Trip excitedly spun off 3DO on a relative whim in 1991, and that company declared bankruptcy 12 years later. Meanwhile, Electronic Arts exists today as one of the world's most powerful publishers of video games.
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It was nice to be able to come back a year or two later and feel appreciated, but it’s not an event on the same level as the return of Steve Jobs. When I eventually left for good in 1989, the same year as our sister Cathy, I imagine that Doug may have even felt envious. As a result of my experience, I would never take venture capital again. But I don’t think that’s a unique point of view. Besides, I’m through starting companies. As far as the debate about what the assets of the company were—propriet-ary products, developers, distribution channels? Have these issues really changed for anybody? Nobody knows how to weigh that stuff properly. Look at how Apple has turned conventional thinking on its head by controlling markets without owning the content.
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She was making a fortune—literally hundreds and hundreds of thousands of dollars a year—and there I was trying to convince her, “But wouldn’t you like to make more? Wouldn’t you like to not be paid by the hour?” I pulled out every trick I could think of because I honestly didn’t think I would be successful without her. I was an artist, so I was still an asshole. I’m not saying that I was early Steve Jobs, early Bill Gates, or Mark Zuckerberg in The Social Network. But you’ve got to be an asshole to just have your dream, be a dick and ignore everyone, and pursue it. Later, you might grow up and realize what an asshole you were. I wasn’t an exception. So, Sherry loved movies, and there I was trying to show her Sonic the Hedgehog and why we should start a game company.
Digital Bank: Strategies for Launching or Becoming a Digital Bank by Chris Skinner
algorithmic trading, AltaVista, Amazon Web Services, Any sufficiently advanced technology is indistinguishable from magic, augmented reality, bank run, Basel III, bitcoin, Bitcoin Ponzi scheme, business cycle, business intelligence, business process, business process outsourcing, buy and hold, call centre, cashless society, clean water, cloud computing, corporate social responsibility, credit crunch, cross-border payments, crowdsourcing, cryptocurrency, demand response, disintermediation, don't be evil, en.wikipedia.org, fault tolerance, fiat currency, financial innovation, gamification, Google Glasses, high net worth, informal economy, information security, Infrastructure as a Service, Internet of things, Jeff Bezos, Kevin Kelly, Kickstarter, M-Pesa, margin call, mass affluent, MITM: man-in-the-middle, mobile money, Mohammed Bouazizi, new economy, Northern Rock, Occupy movement, Pingit, platform as a service, Ponzi scheme, prediction markets, pre–internet, QR code, quantitative easing, ransomware, reserve currency, RFID, Salesforce, Satoshi Nakamoto, Silicon Valley, smart cities, social intelligence, software as a service, Steve Jobs, strong AI, Stuxnet, the long tail, trade route, unbanked and underbanked, underbanked, upwardly mobile, vertical integration, We are the 99%, web application, WikiLeaks, Y2K
They have competition, and only maintain their leadership through continual innovation and enhancement of their information management capabilities. Apple is another example. Apple was almost out of business when Steve Jobs returned, and through his leadership and vision of continually and elegantly innovating they bounced back, thanks to the MP3 player lifestyle revolution and the iPod. The iPod has been the making of Apple in the last decade. It gave them back their heart and meant that the legion of Mac users, who loved its simplicity and ease, could now be used as a music machine. Then the vision of Apple was to introduce iTunes, and iTunes is the real engine as that’s their information advantage.
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When the first Apple store designs were announced, Bloomberg reported: (Steve) Jobs thinks he can do a better job than experienced retailers. Problem is, the numbers don’t add up. I give them two years before they’re turning out the lights on a very painful and expensive mistake.[11] However, after opening, it was obvious that the stores were engaging customers in an even more immersive, brand building experience. Eight years later, Apple’s New York store became the highest grossing retailer on fifth avenue. In other words, retailing has moved from selling products or services in stores, to using the stores as a method of building a sense of community around the brand.
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Banks designed for humans, not money This brings us to designing banks for humans. That’s what Apple realised early in the day with computers. It is not about computers, but designing technology for humans. That’s what we want to do with banks, and most of us take Apple as the masterclass for such designs. The design agency that created and designed the Apple stores therefore talk about designing branches for people, not money. The focus upon humans rather than money is best illustrated by the Apple store as it included the Genius Bar, a children’s play area and other pieces that critics thought were a waste of time. When the first Apple store designs were announced, Bloomberg reported: (Steve) Jobs thinks he can do a better job than experienced retailers.
Why Startups Fail: A New Roadmap for Entrepreneurial Success by Tom Eisenmann
Airbnb, Atul Gawande, autonomous vehicles, Ben Horowitz, Big Tech, bitcoin, Blitzscaling, blockchain, call centre, carbon footprint, Checklist Manifesto, clean tech, conceptual framework, coronavirus, corporate governance, correlation does not imply causation, COVID-19, crowdsourcing, Daniel Kahneman / Amos Tversky, data science, Dean Kamen, drop ship, Elon Musk, fail fast, fundamental attribution error, gig economy, growth hacking, Hyperloop, income inequality, initial coin offering, inventory management, Iridium satellite, Jeff Bezos, Jeff Hawkins, Larry Ellison, Lean Startup, Lyft, Marc Andreessen, margin call, Mark Zuckerberg, minimum viable product, Network effects, nuclear winter, Oculus Rift, PalmPilot, Paul Graham, performance metric, Peter Pan Syndrome, Peter Thiel, reality distortion field, Richard Thaler, ride hailing / ride sharing, risk/return, Salesforce, Sam Altman, Sand Hill Road, side project, Silicon Valley, Silicon Valley startup, Skype, social graph, software as a service, Solyndra, speech recognition, stealth mode startup, Steve Jobs, TED Talk, two-sided market, Uber and Lyft, Uber for X, uber lyft, vertical integration, We wanted flying cars, instead we got 140 characters, WeWork, Y Combinator, young professional, Zenefits
Iridium, too, launched: Bloom, Eccentric Orbits, p. 182. “We’re here to put a dent”: The provenance of this quote attributed to Jobs is disputed, according to Quora responses to the question: Where and when did Steve Jobs say, “We’re here to put a dent etc.”? One response speculates that the quote was written for the movie Pirates of Silicon Valley; another cites Jobs’s 1985 Playboy interview; still others note multiple references to “dent in the universe” in Walter Isaacson’s biography, Steve Jobs (New York: Simon & Schuster, 2011). “do to the car”: The car/mainframe quote is from Kemper, Code Name Ginger, p. 93; the fastest-growing company assertion is from p. 50; “entertaining and irresistible” is from p. 49.
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Also, as discussed in Chapter 4, entrepreneurs can supplement smoke testing by getting customer feedback on a “looks like” prototype, as Jibo’s team did when they built a “Wizard of Oz” prototype that could be puppeteered by a hidden human operator to see how consumers would interact with a social robot. Another barrier to gauging customer demand can be an entrepreneur’s paranoia. Some founders insist on staying in stealth mode as long as possible to keep rivals from stealing their ideas. Steve Jobs was famous for insisting on strict secrecy and then introducing new products with a flourish. Dean Kamen, the inventor of the Segway—the two-wheel, self-balancing (via gyroscope stabilization) “personal transporter” unveiled in late 2001—and the startup’s founder, was worried about Honda or Sony copying his concept; for years, Kamen refused to let his marketing team get direct customer input.
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When a founder’s obsessive zeal is coupled with charisma, it can give the company a big edge in mobilizing resources. Monomania and charisma don’t necessarily go hand in hand, but a leader with both can move mountains. The term “reality distortion field” was coined for a 1960s Star Trek episode, but later was co-opted to describe Steve Jobs’s uncanny ability to mesmerize the engineers developing the original Macintosh computer, inspiring them to work eighty-hour weeks for months on end. Jobs exhorted: “We’re here to put a dent in the universe. Otherwise, why else even be here?” Under the spell of a reality distortion field, potential employees, investors, and strategic partners perceive a reality in which their commitment to the venture can—despite enormous obstacles—help make the founder’s dream come true.
The Logician and the Engineer: How George Boole and Claude Shannon Created the Information Age by Paul J. Nahin
air gap, Alan Turing: On Computable Numbers, with an Application to the Entscheidungsproblem, Albert Einstein, Any sufficiently advanced technology is indistinguishable from magic, Charles Babbage, Claude Shannon: information theory, Computing Machinery and Intelligence, conceptual framework, Edward Thorp, Fellow of the Royal Society, finite state, four colour theorem, Georg Cantor, Grace Hopper, Isaac Newton, John von Neumann, knapsack problem, New Journalism, Pierre-Simon Laplace, reversible computing, Richard Feynman, Schrödinger's Cat, Steve Jobs, Steve Wozniak, thinkpad, Thomas Bayes, Turing machine, Turing test, V2 rocket
A diagram like Figure 7.1.2 is very nice for a high-level, slide-show management meeting (I call it a Jobs-diagram, in honor of Apple’s late marketing genius Steve Jobs, who sold a good line, but who I suspect might have been more than just a little vague on what is actually inside an Apple computer or iPad). For engineers who are tasked with building real hardware, however, it really won’t do. What we need to do now is show precisely how to build both the parity bit generator logic at the source end of the channel, and the parity bit checking logic at the receiver end of the channel. What we are aiming for is a Wozniak-diagram (in honor of Apple’s Steve Wozniak, the technical brains behind the original Apple computer). 7.2 THE EXCLUSIVE-OR GATE (XOR) To lay the groundwork for parity logic, this section introduces a “new” logic gate, the exclusive-OR (written as XOR).
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Later in his life Shannon’s name did become uniquely attached to the new science of information theory, but even then you’ll see as you read this book how the mathematics of information theory— probability theory—was a deep, parallel interest of Boole’s as well. What Boole and Shannon created, together, even though separated by nearly a century, was without exaggeration nothing less than the fundamental foundation for our modern world of computers and information technology. Bill Gates, the late Steve Jobs, and other present-day business geniuses are the people most commonly thought of when the world of computer science is discussed in the popular press, but knowledgeable students of history know who were the real technical minds behind it all—Boole and Shannon (and Shannon’s friend, the English genius Alan Turing, who appears in the following pages, too).
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And yet, as we proceed through the book, I’ll show you how they too will easily yield to routine Boolean algebraic analysis.3 PUZZLE 2 The local truant officer has six boys under suspicion for stealing apples. He knows that only two are actually guilty (but not which two), and so he questions each boy individually. (a) Harry said, “Charlie and George did it.” (b) James said, “Donald and Tom did it.” (c) Donald said, “Tom and Charlie did it.” (d) George said, “Harry and Charlie did it.” (e) Charlie said, “Donald and James did it.” (f) Tom couldn’t be found and didn’t say anything. (g) Of the five boys interrogated, four of them each correctly named one of the guilty. (h) The remaining boy lied about both of the names he gave. Who stole the apples? PUZZLE 3 Alice, Brenda, Cissie, and Doreen competed for a scholarship.
The Patient Will See You Now: The Future of Medicine Is in Your Hands by Eric Topol
23andMe, 3D printing, Affordable Care Act / Obamacare, Anne Wojcicki, Atul Gawande, augmented reality, Big Tech, bioinformatics, call centre, Clayton Christensen, clean water, cloud computing, commoditize, computer vision, conceptual framework, connected car, correlation does not imply causation, creative destruction, crowdsourcing, dark matter, data acquisition, data science, deep learning, digital divide, disintermediation, disruptive innovation, don't be evil, driverless car, Edward Snowden, Elon Musk, en.wikipedia.org, Erik Brynjolfsson, Firefox, gamification, global village, Google Glasses, Google X / Alphabet X, Ignaz Semmelweis: hand washing, information asymmetry, interchangeable parts, Internet of things, Isaac Newton, it's over 9,000, job automation, Julian Assange, Kevin Kelly, license plate recognition, lifelogging, Lyft, Mark Zuckerberg, Marshall McLuhan, meta-analysis, microbiome, Nate Silver, natural language processing, Network effects, Nicholas Carr, obamacare, pattern recognition, personalized medicine, phenotype, placebo effect, quantum cryptography, RAND corporation, randomized controlled trial, Salesforce, Second Machine Age, self-driving car, Silicon Valley, Skype, smart cities, Smart Cities: Big Data, Civic Hackers, and the Quest for a New Utopia, Snapchat, social graph, speech recognition, stealth mode startup, Steve Jobs, synthetic biology, the scientific method, The Signal and the Noise by Nate Silver, The Wealth of Nations by Adam Smith, traumatic brain injury, Turing test, Uber for X, uber lyft, Watson beat the top human players on Jeopardy!, WikiLeaks, X Prize
Hernandez, “What Health Care Needs Is a Real-Time Snapshot of You,” Wired Science, November 6, 2013, http://www.wired.com/wiredscience/2013/11/wired-data-life-theranos. 7. L. H. Bernstein, “Stanford Dropout Is Already Drawing Comparisons with Steve Jobs,” Pharmaceutical Magazine, November 26, 2013, http://pharmaceuticalintelligence.com/2013/11/26/stanford-dropout-is-already-drawing-comparisons-with-steve-jobs/. 8. Theranos, “Welcome to a Revolution in Lab Testing,” accessed August 13, 2014, http://www.theranos.com. 9. E. J. Topol and E. Holmes, “Creative Disruption? She’s 29 and Set to Reboot Lab Medicine,” Medscape, November 18, 2013, http://www.medscape.com/viewarticle/814233_print. 10.
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And most of it covered in froth.”14 Today we’re at about three quintillion bytes of data generated a day; our digital universe is expected to increase fifty-fold in the current decade (2010–2020) from less than one thousand exabytes to greater than forty thousand. Just as the sudden availability of what was previously a rare commodity—a book—was perceived by many as a supernatural intervention in the late 1400s, the prototypic smartphone’s inventor, Steve Jobs, has been equated to Jesus, the Book of Job, and God.15 Innovation accelerated APP. All forms of learning were revolutionized. Minds were liberated, bent, and reshaped. There was a remarkable sharing of ideas that set up newfound cross-fertilization, which Eisenstein labeled “combinatorial intellectual activity,”16 with books inspiring exponentially increased creativity.
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People have been sharing software for decades, but the movement really accelerated around the turn of this century when Netscape Navigator, which was made free as Mozilla Firefox, and the open source Linux operating system became more mainstream. Among the many companies that provided part of their source code to build upon, Apple, Google, and IBM all leveraged open source initiatives. When Apple opened up its iOS to a worldwide developer network, this rapidly led to the creation of hundreds of thousands of apps and markedly expanded functionality of the iPhone and later iPad. My first direct encounter with this culture was in June 2012 at the Apple Worldwide Developers Conference in San Francisco. It was striking to see several thousand people in their twenties, mostly guys (increasingly being referred to as “brogrammers”4b), mostly geeky, dressed in T-shirts, jeans, and sandals, from all over the world, whose main occupation was to develop apps for the big Apple.
The Wikipedia Revolution: How a Bunch of Nobodies Created the World's Greatest Encyclopedia by Andrew Lih
Albert Einstein, AltaVista, barriers to entry, Benjamin Mako Hill, Bill Atkinson, c2.com, Cass Sunstein, citation needed, commons-based peer production, crowdsourcing, Debian, disinformation, en.wikipedia.org, Firefox, Ford Model T, Free Software Foundation, Hacker Ethic, HyperCard, index card, Jane Jacobs, Jason Scott: textfiles.com, jimmy wales, Ken Thompson, Kickstarter, Marshall McLuhan, Mitch Kapor, Network effects, optical character recognition, Ralph Waldo Emerson, Richard Stallman, side project, Silicon Valley, Skype, slashdot, social software, Steve Jobs, the Cathedral and the Bazaar, The Death and Life of Great American Cities, the long tail, The Wisdom of Crowds, Tragedy of the Commons, urban planning, urban renewal, Vannevar Bush, wikimedia commons, Y2K, Yochai Benkler
And it would play a pivotal role in the creation of the World Wide Web. When Steve Jobs was forced out as the head of Apple Computer in 1987, he stayed in Silicon Valley and put his energies into a new start-up called NeXT. This was while Apple was still shipping computers with nine-inch screens and Microsoft’s most advanced product was an anemic and stiff-looking Windows 2.0. The NeXT machine, on the other hand, launched in October 1988 and introduced pioneering features we’re all used to now: a high-resolution “million pixel” display, a read/write optical drive, and a true multitasking operating system. And in classic Steve Jobs style, it was clad in a sexy all-black magnesium cube form that made it the envy of computer science departments around the world.
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It also did not help that the Macintosh, and by extension HyperCard, was an unconventional choice for the workplace in the 1980s. Apple Computer was locked in a bitter struggle for the desktop computer market with the likes of Intel and Microsoft. While HyperCard was incredibly powerful and critically acclaimed, Wiki_Origins_51 it was still considered a toy. There were good reasons for this label. HyperCard was designed around the original Macintosh black-and-white nine-inch screen, and was stuck with that small size for many years despite computer displays getting bigger and bigger. HyperCard was also an odd product for Apple to manage. Because it was given away, something Apple’s esteemed creator Bill Atkinson demanded, the company made no direct revenue from it.
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Because it was given away, something Apple’s esteemed creator Bill Atkinson demanded, the company made no direct revenue from it. So while it became quite popular, it was hard for Apple, primarily a computer hardware company, to justify serious resources to develop it further. The irony is that HyperCard was revolutionary and popular, with entire businesses based on its powerful capabilities, but Apple let it wither on the vine. In the 1980s, Apple was struggling to be relevant in a world with more conventional office productivity software from Microsoft, Novell, and Lotus. HyperCard didn’t really fit into the picture. But despite being ahead of its time, HyperCard and its legacy would have a profound impact on the development of the Web and wikis.
Super Founders: What Data Reveals About Billion-Dollar Startups by Ali Tamaseb
"World Economic Forum" Davos, 23andMe, additive manufacturing, Affordable Care Act / Obamacare, Airbnb, Anne Wojcicki, asset light, barriers to entry, Ben Horowitz, Benchmark Capital, bitcoin, business intelligence, buy and hold, Chris Wanstrath, clean water, cloud computing, coronavirus, corporate governance, correlation does not imply causation, COVID-19, cryptocurrency, data science, discounted cash flows, diversified portfolio, Elon Musk, Fairchild Semiconductor, game design, General Magic , gig economy, high net worth, hiring and firing, index fund, Internet Archive, Jeff Bezos, John Zimmer (Lyft cofounder), Kickstarter, late fees, lockdown, Lyft, Marc Andreessen, Marc Benioff, Mark Zuckerberg, Max Levchin, Mitch Kapor, natural language processing, Network effects, nuclear winter, PageRank, PalmPilot, Parker Conrad, Paul Buchheit, Paul Graham, peer-to-peer lending, Peter Thiel, Planet Labs, power law, QR code, Recombinant DNA, remote working, ride hailing / ride sharing, robotic process automation, rolodex, Ruby on Rails, Salesforce, Sam Altman, Sand Hill Road, self-driving car, shareholder value, sharing economy, side hustle, side project, Silicon Valley, Silicon Valley startup, Skype, Snapchat, SoftBank, software as a service, software is eating the world, sovereign wealth fund, Startup school, Steve Jobs, Steve Wozniak, survivorship bias, TaskRabbit, telepresence, the payments system, TikTok, Tony Fadell, Tony Hsieh, Travis Kalanick, Uber and Lyft, Uber for X, uber lyft, ubercab, web application, WeWork, work culture , Y Combinator
Founders of health and biotech billion-dollar startups were on average older, and founders of any age were successful at consumer and enterprise. ON SOLO FOUNDERS There’s another myth that founders will fail if they don’t have a partner alongside them. There are so many successful duos—Larry Page and Sergey Brin of Google, Steve Jobs and Steve Wozniak of Apple, Bill Hewlett and David Packard of HP—that it’s almost hard to imagine starting a company without a co-founder. In fact, most aspiring entrepreneurs are advised not to. This standard startup advice is so ingrained that some incubators and accelerator programs push founders away from solo entrepreneurship and encourage co-founder “dating” rituals as part of the program.
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You can’t be a Google or any other software company and release a beta version when you are building a hardware company. When you are designing highly differentiated products, it’s important to “stay beginner”—meaning don’t overcomplicate; make sure your product is intuitive and simple to use. This is something I learned from Steve Jobs. Steve would always challenge us to see our products through the eyes of the customer. The details are important. Creating an experience is also key. It’s a blend of the rational and emotional experiences and encapsulating both in your product. For example, the interface of the Nest thermostat and how the user sees it and it speaks to them, but also they’re saving money via energy savings through the device.
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When I started telling my network of friends about the situation, I received a surprise call from Apple. I joined Apple in 2001, designing what would become the iPod. After ten years at Apple, I didn’t want to be on the treadmill, making smaller, lighter, or faster versions of what I had already built. Building eighteen generations of the iPod, three generations of the iPhone, and working on the first generation of iPad, I saw this movie playing out and I told myself that I’m just not going to sit here and do the same thing for the next twenty years. So my wife (who was Apple’s VP of human resources) and I retired from the daily drive to Cupertino and started traveling the world with our two toddlers.
Fantasyland: How America Went Haywire: A 500-Year History by Kurt Andersen
affirmative action, Alan Greenspan, Albert Einstein, animal electricity, anti-communist, Any sufficiently advanced technology is indistinguishable from magic, augmented reality, back-to-the-land, Bernie Sanders, British Empire, Burning Man, California gold rush, Celebration, Florida, centre right, cognitive dissonance, Columbine, corporate governance, cotton gin, Credit Default Swap, David Brooks, delayed gratification, dematerialisation, disinformation, disintermediation, disruptive innovation, Donald Trump, Donner party, Downton Abbey, Easter island, Edward Snowden, Electric Kool-Aid Acid Test, failed state, fake news, Ferguson, Missouri, God and Mammon, Gordon Gekko, greed is good, Herman Kahn, high net worth, illegal immigration, invisible hand, Isaac Newton, John von Neumann, Kickstarter, large denomination, Mark Zuckerberg, market fundamentalism, McMansion, Mikhail Gorbachev, military-industrial complex, Minecraft, moral panic, mutually assured destruction, new economy, New Urbanism, Norman Mailer, off-the-grid, Oklahoma City bombing, placebo effect, post-truth, pre–internet, prosperity theology / prosperity gospel / gospel of success, Ralph Waldo Emerson, RAND corporation, reality distortion field, Ronald Reagan, Silicon Valley, smart meter, Snapchat, South Sea Bubble, Steve Jobs, sugar pill, Ted Kaczynski, the scientific method, Thomas Kuhn: the structure of scientific revolutions, Timothy McVeigh, trade route, transcontinental railway, urban renewal, We are all Keynesians now, Whole Earth Catalog, WikiLeaks, Y2K, young professional
In addition to our uniquely entrepreneurial approach to religion, America also developed an unusually religious approach to entrepreneurialism, especially since the 1960s. At Amway, Mary Kay, Walmart, Chick-fil-A, Apple, the Oprah Winfrey empire, Martha Stewart in her heyday, Whole Foods, and Amazon—among employees as well as customers—those businesses cultivated a cultish, evangelical vibe. And maybe most of all at Apple, one of my own brand faiths, where the acid-tripping megalomaniac Steve Jobs famously radiated a “reality distortion field” that made people believe whatever he wanted them to believe. “In his presence,” said the Apple underling who borrowed the idea and phrase from a Star Trek episode, “reality is malleable.”
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But some of them are failing to get diagnoses and take medicines that would actually treat their illnesses. Maybe prompt surgical treatment of Steve Jobs’s relatively curable form of pancreatic cancer would have made him live longer, maybe not. In any case, for most of a year, according to his biographer Walter Isaacson, he resorted to “fruit juices…acupuncture…herbal remedies…treatments he found on the Internet…a psychic,” and so on. “I think that he kind of felt that if you don’t want something to exist,” Isaacson says, “you can have magical thinking” and make it go away. I think of Steve Jobs when I see my neighbors at Whole Foods flipping through the monthly magazine What Doctors Don’t Tell You and the book Herbal Medicine, Healing, and Cancer, by an author whose advanced degree is an M.H.
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“It is a kind of history unknown to school textbooks, for it has small reminder of politics and none of war,” filled with “actors, carrying on all kinds of American crafts,” performing an “archaic theatrical show” amid “objects…[that] are not to appear as antiques corrupted by moth and rust, but as when new.” There were also plans, he reported, for a “Jules Verne house of the future.” Walt Disney visited all those places during the decade he was dreaming up Disneyland. He was the Steve Jobs of his era, a visionary impresario taking pieces created by others and integrating them to make a shiny new branded invention greater than the sum of its constituent parts. In 1953 he bought an orange grove in Orange County—160 acres, a quarter-section, the elemental American land parcel—just south of Knott’s Berry Farm.
Them And Us: Politics, Greed And Inequality - Why We Need A Fair Society by Will Hutton
Abraham Maslow, Alan Greenspan, Andrei Shleifer, asset-backed security, bank run, banking crisis, Bear Stearns, behavioural economics, Benoit Mandelbrot, Berlin Wall, Bernie Madoff, Big bang: deregulation of the City of London, Blythe Masters, Boris Johnson, bread and circuses, Bretton Woods, business cycle, capital controls, carbon footprint, Carmen Reinhart, Cass Sunstein, centre right, choice architecture, cloud computing, collective bargaining, conceptual framework, Corn Laws, Cornelius Vanderbilt, corporate governance, creative destruction, credit crunch, Credit Default Swap, debt deflation, decarbonisation, Deng Xiaoping, discovery of DNA, discovery of the americas, discrete time, disinformation, diversification, double helix, Edward Glaeser, financial deregulation, financial engineering, financial innovation, financial intermediation, first-past-the-post, floating exchange rates, Francis Fukuyama: the end of history, Frank Levy and Richard Murnane: The New Division of Labor, full employment, general purpose technology, George Akerlof, Gini coefficient, Glass-Steagall Act, global supply chain, Growth in a Time of Debt, Hyman Minsky, I think there is a world market for maybe five computers, income inequality, inflation targeting, interest rate swap, invisible hand, Isaac Newton, James Dyson, James Watt: steam engine, Japanese asset price bubble, joint-stock company, Joseph Schumpeter, Kenneth Rogoff, knowledge economy, knowledge worker, labour market flexibility, language acquisition, Large Hadron Collider, liberal capitalism, light touch regulation, Long Term Capital Management, long term incentive plan, Louis Pasteur, low cost airline, low interest rates, low-wage service sector, mandelbrot fractal, margin call, market fundamentalism, Martin Wolf, mass immigration, means of production, meritocracy, Mikhail Gorbachev, millennium bug, Money creation, money market fund, moral hazard, moral panic, mortgage debt, Myron Scholes, Neil Kinnock, new economy, Northern Rock, offshore financial centre, open economy, plutocrats, power law, price discrimination, private sector deleveraging, proprietary trading, purchasing power parity, quantitative easing, race to the bottom, railway mania, random walk, rent-seeking, reserve currency, Richard Thaler, Right to Buy, rising living standards, Robert Shiller, Ronald Reagan, Rory Sutherland, Satyajit Das, Savings and loan crisis, shareholder value, short selling, Silicon Valley, Skype, South Sea Bubble, Steve Jobs, systems thinking, tail risk, The Market for Lemons, the market place, The Myth of the Rational Market, the payments system, the scientific method, The Wealth of Nations by Adam Smith, three-masted sailing ship, too big to fail, unpaid internship, value at risk, Vilfredo Pareto, Washington Consensus, wealth creators, work culture , working poor, world market for maybe five computers, zero-sum game, éminence grise
Some studies show that they make very little difference to the underlying performance of the firms they run because so much depends upon culture, human capital, previous investments and competitors’ activities.23 This is even true of such an iconoclastic figure as Steve Jobs, the man behind Apple. ‘As special as Steve [Jobs] is, I think of Apple as like a great jazz orchestra,’ writes Michael Hawley, a professional pianist and a computer scientist who once worked for Jobs. ‘Steve did a superb job of recruiting a broad and deep talent base. When a group gets to be that size, the conductor’s job is pretty nominal – mainly attracting new talent and helping maintain the tempo, adding bits of energy here and there.’
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The computer, data processing and the PC faced a particularly steep uphill task. ‘I think there is a world market for maybe five computers,’ declared Thomas Watson, chairman of IBM, in 1943. Ken Olsen, chairman and founder of Digital Equipment Corp, said in 1973: ‘There is no reason anyone would want a computer in their home.’ Steve Jobs, the founder of Apple, remembers his early rejections as he tried to interest investors in the personal computer: ‘So we went to Atari and said, “Hey, we’ve got this amazing thing, even built with some of your parts, and what do you think about funding us? Or we’ll give it to you. We just want to do it. Pay our salary, we’ll come work for you.”
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Luck runs through economic and business life like a golden thread. There are well-known winner-takes-all effects in all markets in which random or accidental events can deliver vastly disproportionate advantage. It pays to be the CEO of a company when times are good, but which you have done nothing to create. Bill Gates thought that Steve Jobs’ Apple software was better than his own, but he had the wit – and the luck – to ensure that Microsoft’s version became the world standard, which enabled him to become the world’s richest man. He was the winner and took, if not all, then certainly close to it. In the creative industries, it has long been understood that when trying to predict the success of a book, song or film ‘nobody knows anything’.
People, Power, and Profits: Progressive Capitalism for an Age of Discontent by Joseph E. Stiglitz
affirmative action, Affordable Care Act / Obamacare, Alan Greenspan, AlphaGo, antiwork, barriers to entry, basic income, battle of ideas, behavioural economics, Berlin Wall, Bernie Madoff, Bernie Sanders, Big Tech, business cycle, Cambridge Analytica, Capital in the Twenty-First Century by Thomas Piketty, carbon tax, carried interest, central bank independence, clean water, collective bargaining, company town, corporate governance, corporate social responsibility, creative destruction, Credit Default Swap, crony capitalism, DeepMind, deglobalization, deindustrialization, disinformation, disintermediation, diversified portfolio, Donald Trump, driverless car, Edward Snowden, Elon Musk, Erik Brynjolfsson, fake news, Fall of the Berlin Wall, financial deregulation, financial innovation, financial intermediation, Firefox, Fractional reserve banking, Francis Fukuyama: the end of history, full employment, George Akerlof, gig economy, Glass-Steagall Act, global macro, global supply chain, greed is good, green new deal, income inequality, information asymmetry, invisible hand, Isaac Newton, Jean Tirole, Jeff Bezos, job automation, John Maynard Keynes: Economic Possibilities for our Grandchildren, John von Neumann, Joseph Schumpeter, labor-force participation, late fees, low interest rates, low skilled workers, Mark Zuckerberg, market fundamentalism, mass incarceration, meta-analysis, minimum wage unemployment, moral hazard, new economy, New Urbanism, obamacare, opioid epidemic / opioid crisis, patent troll, Paul Samuelson, pension reform, Peter Thiel, postindustrial economy, price discrimination, principal–agent problem, profit maximization, purchasing power parity, race to the bottom, Ralph Nader, rent-seeking, Richard Thaler, Robert Bork, Robert Gordon, Robert Mercer, Robert Shiller, Robert Solow, Ronald Reagan, Savings and loan crisis, search costs, secular stagnation, self-driving car, shareholder value, Shoshana Zuboff, Silicon Valley, Simon Kuznets, South China Sea, sovereign wealth fund, speech recognition, Steve Bannon, Steve Jobs, surveillance capitalism, TED Talk, The Chicago School, The Future of Employment, The Great Moderation, the market place, The Rise and Fall of American Growth, the scientific method, The Wealth of Nations by Adam Smith, too big to fail, trade liberalization, transaction costs, trickle-down economics, two-sided market, universal basic income, Unsafe at Any Speed, Upton Sinclair, uranium enrichment, War on Poverty, working-age population, Yochai Benkler
In short, there is a huge asymmetry of market power in favor the employer.53 JUST AS MARKET POWER in the product market (the market for goods and services) allows firms to raise prices from what they otherwise would be, and well over the cost of production, in labor markets, market power enables firms to push wages below what they would otherwise be. WHILE IT’S ILLEGAL to do so, many of our leading firms have gotten together, usually in secret, to keep wages low; and it is only through litigation that these misdeeds have been brought to light. Under Steve Jobs, Apple got together with Google, Intel, and Adobe to agree not to “poach” each others’ employees—that is, they agreed not to compete. The affected workers sued against this anticompetitive conspiracy; the suit was settled for $415 million. Disney and a host of film studios similarly paid a huge settlement in a lawsuit charging them with an illegal antipoaching conspiracy.
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At the same time this illustrates the worry expressed in the early days of the Republic, concerning the excessive political influence of a large financial sector—and it illustrates a central theme of the final part of this book: if we are to achieve the necessary economic reforms, we need to reform our politics. CHAPTER 6 The Challenge of New Technologies Silicon Valley and the advances in technology associated with it have become symbolic of American innovation and entrepreneurship. Larger-than-life figures like Steve Jobs and Mark Zuckerberg brought products to consumers around the world—products that they love and which make it possible for us to connect better with each other. Intel has produced chips that make our products “think” faster—do calculations faster—than the best brains in the world. Artificial intelligence (AI) can now beat humans not only in simple games like chess, but in more complicated ones like Go, where the number of possible moves is greater than the atoms in the universe.1 Bill Gates, it would seem, illustrates the best of the American spirit—having accumulated an estimated $135 billion, he began giving massive amounts to charity, as he used his energies to fight diseases around the world and attempted to improve education in the United States.
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But even our greatest geniuses realize that what they do is built on the works of others.1 A simple thought experiment should induce a note of humility: What would I have achieved if I had been born to parents in a remote village in Papua New Guinea or in the Congo? Every American business benefits from the rule of law, the infrastructure, and the technology that has been created over centuries. Steve Jobs could not have created the iPhone if there had not been the multitude of inventions that went into it, much based on publicly funded research over the preceding half century. A well-functioning society thus requires a balance between individual and collective action. In the first decades after their revolutions, the Soviet Union and Communist China lost that balance.
The Fire Starter Sessions: A Soulful + Practical Guide to Creating Success on Your Own Terms by Danielle Laporte
affirmative action, Albert Einstein, David Heinemeier Hansson, delayed gratification, do what you love, emotional labour, fake it until you make it, Frank Gehry, index card, invisible hand, Lao Tzu, off-the-grid, pattern recognition, Ralph Waldo Emerson, solopreneur, Steve Jobs, Steve Wozniak
LEVERAGE YOUR SO-CALLED SHORTCOMINGS Disclaimer: The following theory does not apply to heart surgeons, shrinks, or pharmacists. Or engineers who build bridges. Being formally qualified is overrated. Passion and results can be the best credentials there are. When we try to hide our lack of qualifications we actually weaken the potential strength of our brand. Bill Gates, Richard Branson, Steve Jobs. All billionaires. All college dropouts. Jimi Hendrix couldn’t read music. Rachael Ray never went to cooking school. John Fluevog went from working in a shoe store to creating his own shoe empire. Vera Wang was a fashion writer. Coco Chanel had no formal training. I myself am the poster chick for unqualified.
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“But I’m afraid that people will think less of me. That I’ll be seen as less of an artist, social steward, or a true professional if I’m hawking my wares or blowing my own horn.” You think Picasso wasn’t actively promoting his artwork when he sat in the front row of the bullfights for everyone to see? Or that Steve Jobs wasn’t reinforcing his personal brand by wearing that same damn black mock turtleneck and those Levis all the time? Do you think all the power bloggers are tweeting all the time just to be of service to the unified Twittersphere of love? Artists sell. PRO.MO’ So here’s where to start with it all.
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Raising money is incredibly distracting. When raising money is the right thing to do, get mentors, start sending your banker season tickets, prepare to be out of the office at least 30 percent of the time. Take your vitamins. All the best things I did at Apple came from (a) not having any money, and (b) not having done it before, ever. —Steve Wozniak, cofounder of Apple HOW MONEY FEELS THERE’S ONLY ONE TIME THAT DOING IT FOR THE MONEY WORKS.… And that’s when you have a light at the end of the tunnel and an unwavering commitment to yourself to transition into doing work that makes you happier, or selling something that you’re 100 percent proud of.
Paper Knowledge: Toward a Media History of Documents by Lisa Gitelman
Alvin Toffler, An Inconvenient Truth, Andrew Keen, Charles Babbage, computer age, corporate governance, Dennis Ritchie, deskilling, Douglas Engelbart, Douglas Engelbart, East Village, en.wikipedia.org, information retrieval, Internet Archive, invention of movable type, Ivan Sutherland, Jaron Lanier, Ken Thompson, knowledge economy, Lewis Mumford, machine translation, Marshall McLuhan, Mikhail Gorbachev, military-industrial complex, national security letter, Neal Stephenson, On the Economy of Machinery and Manufactures, optical character recognition, profit motive, QR code, RAND corporation, RFC: Request For Comment, scientific management, Shoshana Zuboff, Silicon Valley, Steve Jobs, tacit knowledge, technological determinism, The Structural Transformation of the Public Sphere, Turing test, WikiLeaks, Works Progress Administration
Binkley, “New Tools for Men of Letters,” Yale Review 24 (March 1935): 519. N OT E S TO C H A P T E R F O U R 17. Jonathan Sterne, mp3: The Meaning of a Format (Durham, NC: Duke University Press, 2012), 7. 18. See Thomas Streeter, “Why, Really, Do We Love Steve Jobs?,” 13 October 2011, accessed 26 June 2013, http://inthesetimes.com/article/12100/why_really_do _we_ love_steve_ jobs/. 19. Darren Wershler, “The Pirate as Archivist,” paper presented at the Network Archaeologies conference, Miami, OH, 20–22 April 2012. I’m grateful to Darren for sharing a .txt file of his talk. 20. For an overview, see Laurens Leurs, “The History of pdf,” 17 September 2001, accessed May 2012, http://www.prepressure.com/pdf/basics/history. 21.
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The pages that follow touch on the work of John Warnock—a founder of Adobe—and other figures familiarly hailed as founding fathers of digital work processes and the networked personal computers that support them, yet I think it is important to go further than that. If the bubble of attention that surrounded the passing of Steve Jobs has taught us anything, it is that the supposed “rebel hero story” has a seductive appeal to which the previous chapters, it seems, have to some degree succumbed.18 Instead of heroes, this chapter offers a brief account of pdf technology, both by describing some of the contexts of its development, promotion, and widespread utility as well as by offering a partial, speculative reading of the format itself, the uses and users that it appears to imagine.
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Desktop publishing involved both tools to produce pages and tools to reproduce them: at first, there were Aldus’s PageMaker software and the Apple LaserWriter printer (both released in 1985). Like the specialized, small platen job presses of Harpel’s day or the relatively cheap, paper-plate offset presses of the 1960s, the desktop publishing technology of the 1980s offered new, less expensive tools to those already involved in page design, printing, and publishing while it also significantly opened the field to newcomers—including amateurs—as personal computers “moved in” to homes and to offices. “I think everyone at Apple publishes some kind of newsletter,” one employee noted at the time.
Your Computer Is on Fire by Thomas S. Mullaney, Benjamin Peters, Mar Hicks, Kavita Philip
"Susan Fowler" uber, 2013 Report for America's Infrastructure - American Society of Civil Engineers - 19 March 2013, A Declaration of the Independence of Cyberspace, affirmative action, Airbnb, algorithmic bias, AlphaGo, AltaVista, Amazon Mechanical Turk, Amazon Web Services, American Society of Civil Engineers: Report Card, An Inconvenient Truth, Asilomar, autonomous vehicles, Big Tech, bitcoin, Bletchley Park, blockchain, Boeing 737 MAX, book value, British Empire, business cycle, business process, Californian Ideology, call centre, Cambridge Analytica, carbon footprint, Charles Babbage, cloud computing, collective bargaining, computer age, computer vision, connected car, corporate governance, corporate social responsibility, COVID-19, creative destruction, cryptocurrency, dark matter, data science, Dennis Ritchie, deskilling, digital divide, digital map, don't be evil, Donald Davies, Donald Trump, Edward Snowden, en.wikipedia.org, European colonialism, fake news, financial innovation, Ford Model T, fulfillment center, game design, gentrification, George Floyd, glass ceiling, global pandemic, global supply chain, Grace Hopper, hiring and firing, IBM and the Holocaust, industrial robot, informal economy, Internet Archive, Internet of things, Jeff Bezos, job automation, John Perry Barlow, Julian Assange, Ken Thompson, Kevin Kelly, Kickstarter, knowledge economy, Landlord’s Game, Lewis Mumford, low-wage service sector, M-Pesa, Mark Zuckerberg, mass incarceration, Menlo Park, meta-analysis, mobile money, moral panic, move fast and break things, Multics, mutually assured destruction, natural language processing, Neal Stephenson, new economy, Norbert Wiener, off-the-grid, old-boy network, On the Economy of Machinery and Manufactures, One Laptop per Child (OLPC), packet switching, pattern recognition, Paul Graham, pink-collar, pneumatic tube, postindustrial economy, profit motive, public intellectual, QWERTY keyboard, Ray Kurzweil, Reflections on Trusting Trust, Report Card for America’s Infrastructure, Salesforce, sentiment analysis, Sheryl Sandberg, Silicon Valley, Silicon Valley ideology, smart cities, Snapchat, speech recognition, SQL injection, statistical model, Steve Jobs, Stewart Brand, tacit knowledge, tech worker, techlash, technoutopianism, telepresence, the built environment, the map is not the territory, Thomas L Friedman, TikTok, Triangle Shirtwaist Factory, undersea cable, union organizing, vertical integration, warehouse robotics, WikiLeaks, wikimedia commons, women in the workforce, Y2K
Errors and Approximations Underneath the euphoric techno-utopian pronouncements as well as the romanticist technophobic tirades that rage across our planet in the early twenty-first century are some simple errors. Humanists and technologists are equally susceptible to these. When Apple’s user interface design registers global applause and Steve Jobs tells a graduating class that the humanities are key to good design, professors of poetry release a satisfied sigh, expecting students to flock in to appreciate the timeless beauty of iambic pentameter. When work-life balance teeters under the weight of cellphone-tethered parents and social media–addicted teenagers, cognition experts weigh in about the evolutionary psychology of addiction, while those who can afford it go on device-detox holidays.
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See, for example, the popular biographies of software industry personalities like Steve Jobs that fall into the “great man” history trope. Biographies of notable women in computing, like Grace Hopper, sometimes borrow from this style as well, switching great man narratives of success for “great woman” narratives. The ubiquity and popularity of such accounts gives the impression that individual actors are responsible for historical change, rather than foregrounding the complex actions of large masses of people. In general, they focus only on historical success stories as instructive. Walter Isaacson, Steve Jobs (New York: Simon & Schuster, 2011); Kurt Beyer, Grace Hopper and the Invention of the Information Age (Cambridge, MA: MIT Press, 2009). 36.
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Additionally, researchers indicate that the emergent language is being used by the elite and is perceived as being more prestigious and modern than even English itself.43 Given this fact, nothing about Apple’s or Amazon’s initiative is surprising. The decision to break into the Hinglish market is not being driven by inclusionary ideals, it is about accessing an emerging profit center. Given that market forces will continue to drive the commercial decisions about which accents are represented in speech technologies, it is more than likely that some accents will never be represented in speech technologies, because no lucrative market for these accents exists. Table 8.3 Accents/Dialects supported by Amazon’s, Google’s and Apple’s Personal Assistants English accents/dialects Amazon’s Alexa Google Home Apple’s Siri American ✔ ✔ ✔ British ✔ ✔ ✔ Australian ✔ ✔ ✔ Canadian ✔ ✔ ✔ Indian ✔ ✔ Singaporean ✔ South African ✔ Irish ✔ A Rallying Call for Change Despite over fifty years of development, the inability of speech technology to adequately recognize a diverse range of accented speakers is a reflection of the lack of diversity among employees of technology firms.
CIOs at Work by Ed Yourdon
8-hour work day, Apple's 1984 Super Bowl advert, business intelligence, business process, call centre, cloud computing, crowdsourcing, distributed generation, Donald Knuth, fail fast, Flash crash, Free Software Foundation, Googley, Grace Hopper, information security, Infrastructure as a Service, Innovator's Dilemma, inventory management, Julian Assange, knowledge worker, Mark Zuckerberg, Multics, Nicholas Carr, One Laptop per Child (OLPC), rolodex, Salesforce, shareholder value, Silicon Valley, six sigma, Skype, smart grid, smart meter, software as a service, Steve Ballmer, Steve Jobs, Steven Levy, the new new thing, the scientific method, WikiLeaks, Y2K, Zipcar
Yourdon: I was thinking simultaneously that where you have historically assumed that the spokesman for the company would be the founder or the CEO, you would not tend to think of the CIO as the technology spokesman—but, of course, those were the more classic companies and now there is a much larger set of “classic companies” that rely entirely on information. Rubinow: You are absolutely right though; let’s use Apple as an example: I don’t know Steve Jobs, I’m sure he is a very capable guy, but he is not solely responsible for the iPhone or the iPod. Apple has all sorts of products, and he does a really good job of promoting Apple but it takes others as well. From my perspective, many of the things we do are the products and services that all of our customers will become familiar with one day—and so I can probably talk to them better than many other people in the company, so I have a very useful prospective that someone on the business side may not have.
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I think part of it is this ethos that emerged at MIT, some of which came from the fact that a lot of these people were originally model railroad hobbyists and… Yourdon: TMRC, it was called. Tech Model Railroad Club. Fried: Yeah. So, there have been these major junctures in the road, right? Timesharing, the personal computer, computer connectivity, inter-computer connectivity, Multics led to UNIX led to Linux—we’re incredibly lucky that that happened. We’re incredibly lucky that Steve Jobs visited PARC. Yourdon: Mm-hmm. [laughter] Fried: And, you know, they thought they were onto something there. Yourdon: Now there’s one last aspect of that, which occurred to me just a minute ago and I’d like your take on it. Arguably, one of the next steps along the way of from Multics to UNIX to Linux to whatever is epitomized by Wikipedia, is described by a couple of books that you’ve probably heard of.
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Gupta: All of it is being accelerated because of the speed at which the smart devices are gaining traction, the success of the platforms and the applications on them mean more and more people are using it, much, much faster. How many iPads were sold in the first six months? Was it over a million devices were sold in two months or so? Some ridiculous number like that. Yourdon: Well, they had sold 15 million when Steve Jobs got up to announce the iPad 2. Gupta: There we go. So I think it sold a million in the first four weeks or so. And the more that happens, the more pressure it will put on bandwidth and network infrastructure. I think people also expect them to be more reliable, ’cause they get so used to using some of these applications.
Capitalism Without Capital: The Rise of the Intangible Economy by Jonathan Haskel, Stian Westlake
23andMe, activist fund / activist shareholder / activist investor, Airbnb, Alan Greenspan, Albert Einstein, Alvin Toffler, Andrei Shleifer, bank run, banking crisis, Bernie Sanders, Big Tech, book value, Brexit referendum, business climate, business process, buy and hold, Capital in the Twenty-First Century by Thomas Piketty, carbon credits, cloud computing, cognitive bias, computer age, congestion pricing, corporate governance, corporate raider, correlation does not imply causation, creative destruction, dark matter, Diane Coyle, Donald Trump, Douglas Engelbart, Douglas Engelbart, driverless car, Edward Glaeser, Elon Musk, endogenous growth, Erik Brynjolfsson, everywhere but in the productivity statistics, Fellow of the Royal Society, financial engineering, financial innovation, full employment, fundamental attribution error, future of work, gentrification, gigafactory, Gini coefficient, Hernando de Soto, hiring and firing, income inequality, index card, indoor plumbing, intangible asset, Internet of things, Jane Jacobs, Jaron Lanier, Jeremy Corbyn, job automation, Kanban, Kenneth Arrow, Kickstarter, knowledge economy, knowledge worker, laissez-faire capitalism, liquidity trap, low interest rates, low skilled workers, Marc Andreessen, Mother of all demos, Network effects, new economy, Ocado, open economy, patent troll, paypal mafia, Peter Thiel, pets.com, place-making, post-industrial society, private spaceflight, Productivity paradox, quantitative hedge fund, rent-seeking, revision control, Richard Florida, ride hailing / ride sharing, Robert Gordon, Robert Solow, Ronald Coase, Sand Hill Road, Second Machine Age, secular stagnation, self-driving car, shareholder value, sharing economy, Silicon Valley, six sigma, Skype, software patent, sovereign wealth fund, spinning jenny, Steve Jobs, sunk-cost fallacy, survivorship bias, tacit knowledge, tech billionaire, The Rise and Fall of American Growth, The Wealth of Nations by Adam Smith, Tim Cook: Apple, total factor productivity, TSMC, Tyler Cowen, Tyler Cowen: Great Stagnation, urban planning, Vanguard fund, walkable city, X Prize, zero-sum game
As we have seen, businesses often seek to get the benefit of intangible investments made by other firms. Sometimes this happens by mutual consent (for example, when businesses undertake open innovation); sometimes not (for example, Google’s development of the Android operating system, which enraged Apple’s Steve Jobs). Synergies between intangibles also increase their contestedness. When particular combinations of intangibles are unusually valuable, the power of people who are sufficiently networked or knowledgeable to broker these connections increases, a theme we will return to in chapter 6. Contestedness is exacerbated by the ambiguity of rules over who owns intangible investments: firms dispute patents so often because the ownership of intangible property is less well established and less clear-cut than the ownership of tangible property.
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But even a casual acquaintance with the business press or with management studies research suggests that the world does not work like that. Certain businesses are thought to be unusually good at benefiting from other firms’ ideas. Google’s ability to purchase, grow, and promote the Android operating system, which Steve Jobs believed was a rip-off of Apple’s iOS, is a famous example of this. But it is a trend we see throughout the economy: management gurus offer advice on “open innovation” and “fast followership.” People often observe that while the early bird catches the worm, it is the second mouse that gets the cheese. (Economist and blogger Chris Dillow made the point that the incentive to be a “fast follower” might be higher in a sector experiencing a lot of technological progress: waiting not only allows a firm to benefit from the spillovers of the first firm to invest, but it might also benefit from falling prices for investments like software.)5 The scalability and synergies of intangible investments also play a role in making leading firms more willing to invest.
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Consider an expert designer at Apple, a company famed for, and to some extent reliant on, its good design. What stops that designer, from an economic point of view, demanding more and more money in return for not leaving for the competition or setting up a new, design-led start-up? One answer to the question is synergies. Apple’s design is especially valuable in the context of a whole set of intangible assets Apple owns: its technologies, its customer service, and the power of its brand and marketing channels. All of these things make an Apple designer more valuable to Apple than to an alternative employer, and they reduce the incentives to leave.
The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies by Erik Brynjolfsson, Andrew McAfee
2013 Report for America's Infrastructure - American Society of Civil Engineers - 19 March 2013, 3D printing, access to a mobile phone, additive manufacturing, Airbnb, Alan Greenspan, Albert Einstein, Amazon Mechanical Turk, Amazon Web Services, American Society of Civil Engineers: Report Card, Any sufficiently advanced technology is indistinguishable from magic, autonomous vehicles, barriers to entry, basic income, Baxter: Rethink Robotics, Boston Dynamics, British Empire, business cycle, business intelligence, business process, call centre, carbon tax, Charles Lindbergh, Chuck Templeton: OpenTable:, clean water, combinatorial explosion, computer age, computer vision, congestion charging, congestion pricing, corporate governance, cotton gin, creative destruction, crowdsourcing, data science, David Ricardo: comparative advantage, digital map, driverless car, employer provided health coverage, en.wikipedia.org, Erik Brynjolfsson, factory automation, Fairchild Semiconductor, falling living standards, Filter Bubble, first square of the chessboard / second half of the chessboard, Frank Levy and Richard Murnane: The New Division of Labor, Freestyle chess, full employment, G4S, game design, general purpose technology, global village, GPS: selective availability, Hans Moravec, happiness index / gross national happiness, illegal immigration, immigration reform, income inequality, income per capita, indoor plumbing, industrial robot, informal economy, intangible asset, inventory management, James Watt: steam engine, Jeff Bezos, Jevons paradox, jimmy wales, job automation, John Markoff, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, Joseph Schumpeter, Kevin Kelly, Khan Academy, Kiva Systems, knowledge worker, Kodak vs Instagram, law of one price, low skilled workers, Lyft, Mahatma Gandhi, manufacturing employment, Marc Andreessen, Mark Zuckerberg, Mars Rover, mass immigration, means of production, Narrative Science, Nate Silver, natural language processing, Network effects, new economy, New Urbanism, Nicholas Carr, Occupy movement, oil shale / tar sands, oil shock, One Laptop per Child (OLPC), pattern recognition, Paul Samuelson, payday loans, post-work, power law, price stability, Productivity paradox, profit maximization, Ralph Nader, Ray Kurzweil, recommendation engine, Report Card for America’s Infrastructure, Robert Gordon, Robert Solow, Rodney Brooks, Ronald Reagan, search costs, Second Machine Age, self-driving car, sharing economy, Silicon Valley, Simon Kuznets, six sigma, Skype, software patent, sovereign wealth fund, speech recognition, statistical model, Steve Jobs, Steven Pinker, Stuxnet, supply-chain management, TaskRabbit, technological singularity, telepresence, The Bell Curve by Richard Herrnstein and Charles Murray, the Cathedral and the Bazaar, the long tail, The Signal and the Noise by Nate Silver, The Wealth of Nations by Adam Smith, total factor productivity, transaction costs, Tyler Cowen, Tyler Cowen: Great Stagnation, Vernor Vinge, warehouse robotics, Watson beat the top human players on Jeopardy!, winner-take-all economy, Y2K
Ideation in its many forms is an area today where humans have a comparative advantage over machines. Scientists come up with new hypotheses. Journalists sniff out a good story. Chefs add a new dish to the menu. Engineers on a factory floor figure out why a machine is no longer working properly. Steve Jobs and his colleagues at Apple figure out what kind of tablet computer we actually want. Many of these activities are supported and accelerated by computers, but none are driven by them. Picasso’s quote at the head of this chapter is just about half right. Computers are not useless, but they’re still machines for generating answers, not posing interesting new questions.
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Entrepreneurs create devices, websites, apps, and other goods and services that we value. We buy and use them in large numbers, and the entrepreneurs enjoy great financial success. This is not a dysfunctional pattern; it’s a beneficial one. As economist Larry Summers put it, “suppose the United States had 30 more people like Steve Jobs—. . . . [W]e do need to recognize that a component of this inequality is the other side of successful entrepreneurship; that is surely something we want to encourage.”3 We particularly want to encourage it because, as we saw in chapter 6, technological progress typically helps even the poorest people around the world.
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Levy and Murnane, The New Division of Labor, p. 29. 7. “Siri Is Actually Incredibly Useful Now,” Gizmodo, accessed August 4, 2013, http://gizmodo.com/5917461/siri-is-better-now. 8. Ibid. 9. “Minneapolis Street Test: Google Gets a B+, Apple’s Siri Gets a D - Apple 2.0 -Fortune Tech,” CNNMoney, http://tech.fortune.cnn.com/2012/06/29/minneapolis-street-test-google-gets-a-b-apples-siri-gets-a-d/ (accessed June 23, 2013). 10. Ning Xiang and Rendell Torres, “Architectural Acoustics and Signal Processing in Acoustics: Topical Meeting on Spatial and Binaural Evaluation of Performing Arts Spaces I: Measurement Techniques and Binaural and Interaural Modeling,” 2004, http://scita tion.aip.org/getpdf/servlet/GetPDFServlet?
The Age of Entitlement: America Since the Sixties by Christopher Caldwell
1960s counterculture, affirmative action, Affordable Care Act / Obamacare, Alan Greenspan, Alvin Toffler, anti-communist, behavioural economics, Bernie Sanders, big data - Walmart - Pop Tarts, Black Lives Matter, blue-collar work, Cass Sunstein, choice architecture, classic study, computer age, crack epidemic, critical race theory, crony capitalism, Daniel Kahneman / Amos Tversky, David Attenborough, desegregation, disintermediation, disruptive innovation, Edward Snowden, Erik Brynjolfsson, Ferguson, Missouri, financial deregulation, financial innovation, Firefox, full employment, Future Shock, George Gilder, global value chain, Home mortgage interest deduction, illegal immigration, immigration reform, informal economy, James Bridle, Jeff Bezos, John Markoff, junk bonds, Kevin Kelly, Lewis Mumford, libertarian paternalism, Mark Zuckerberg, Martin Wolf, mass immigration, mass incarceration, messenger bag, mortgage tax deduction, Nate Silver, new economy, Norman Mailer, Northpointe / Correctional Offender Management Profiling for Alternative Sanctions, open immigration, opioid epidemic / opioid crisis, post-industrial society, pre–internet, profit motive, public intellectual, reserve currency, Richard Thaler, Robert Bork, Robert Gordon, Robert Metcalfe, Ronald Reagan, Rosa Parks, Silicon Valley, Skype, South China Sea, Steve Jobs, tech billionaire, Thomas Kuhn: the structure of scientific revolutions, Thomas L Friedman, too big to fail, transatlantic slave trade, transcontinental railway, W. E. B. Du Bois, War on Poverty, Whole Earth Catalog, zero-sum game
In Zen and the Art of Motorcycle Maintenance, Pirsig held out hope. When technologists embrace quality, he preached, “the specter of technology . . . becomes not an evil but a positive fun thing.” By the 1990s, a revolution in ergonomics, convenience, and utilitarian design was under way. It was Steve Jobs and the designers of various Apple products who were most associated with it, but the change was visible even in the most primitive industrial-age forms. Oxo’s smooth-handled can opener would not hurt your hand the way the old ones did, nor would its whisks collect egg yolk. A twenty-first-century Carrier air-conditioning window unit had rounded plastic corners, not the sharp, rustable metal ones that had filled the country’s emergency rooms with inattentive children in the 1960s and ’70s.
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And some were bankers. Time magazine ran a notorious cover in February 1999 describing Treasury secretary Robert Rubin, his assistant, Lawrence Summers, and Federal Reserve chairman Alan Greenspan as the “Committee to Save the World.” Society took on a Roman aspect. The very rich were held to be cool (Steve Jobs), prophetic (George Soros), or saintly (Warren Buffett). Wealth has never been without its appeal and its power. But it was striking that, more than any generation for a century, and in sharp contrast to its own declared youthful values, the Baby Boom generation revered wealth. For people without a foothold in the new service and financial businesses, it was harder to make ends meet.
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Cheddar, a live-streaming financial news channel founded by a former employee of BuzzFeed and aimed at younger viewers, ran a story and video explaining how a “Luxury Fashion Line Empowers Women” while “employing formerly incarcerated women” and “supporting an amazing, amazing crowd-funding campaign . . . that helps people carbon-offset,” according to a co-founder, the actress Alysia Reiner. The Silicon Valley–based online magazine Ozy, funded by Steve Jobs’s widow, Laurene, and the German media conglomerate Springer, showcased a similar mix of entrepreneurship and civil rights. “Jackie Robinson, Business Pioneer” was a not-atypical story. The word “diversity” had become a marker of money, class, and power. The rise of philanthropy An extraordinary inequality, unmatched since the nineteenth century, had begun to prise apart the American social structure after the 1970s.
Words That Work: It's Not What You Say, It's What People Hear by Dr. Frank Luntz
affirmative action, Albert Einstein, Apple's 1984 Super Bowl advert, Bonfire of the Vanities, call centre, citizen journalism, corporate governance, cuban missile crisis, death of newspapers, disinformation, Donald Trump, en.wikipedia.org, glass ceiling, guest worker program, illegal immigration, immigration reform, It's morning again in America, pension reform, profit motive, Ronald Reagan, Ronald Reagan: Tear down this wall, Saturday Night Live, school choice, school vouchers, Steve Jobs, upwardly mobile, Watson beat the top human players on Jeopardy!, white flight
“Good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion.”13 The incredibly powerful and personal “GE, we bring good things to life” ad campaign was launched under his watch, and it perfectly matched his laserlike focus on success. Steve Jobs, Apple’s past and current CEO, is an obvious choice because of his larger than life persona and his candid assessment and lasting impact on the human condition. The parallels between his life and the company he created are remarkable. Though Jobs has been a corporate icon for almost all his business life, and though Apple has consistently introduced cutting-edge technology and products, not everything has gone their way. “I’m the only person I know that’s lost a quarter of a billion dollars in one year,” Jobs once told an interviewer.
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But whereas “Main Street” is sunny, warm, personal, and approachable, “Wall Street,” by contrast, is seen as global and cold, with sterile glass structures and office cubicles filled with number crunchers concerned more about profits than people. The old slanders against the robber barons of the Gilded Age never really lost their currency in America. We remain suspicious of great concentrations of old wealth that still symbolize Wall Street today, though we don’t begrudge Bill Gates, Steve Jobs, and the Google guys their billions, because they started small and grew in front of our eyes.* The message “Main Street, not Wall Street” is really a message of customer service, customer caring, genuine attentiveness, and that interaction between business and consumer that used to be the norm in America.
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MSNBC Transcript, Scarborough Country, October 22, 2004. 10. Ibid. 11. True and False: Heresy and Common Sense for the Actor, by David Mamet 12. “GOP Embraces String of Victories, But It Is Still Seeking Vision for ’96,” The New York Times, Richard Berke, Nov. 7, 1993. 13. http://en.thinkexist.com/quotes/jack_welch 14. http://en.wikiquote.org/wiki/steve_jobs 15. Emergence Slogan Survey, BusinessWeek, Kiley, Oct. 2004. 16. Ad Age, “Top 10 Advertising Icons of the Century” Chapter VI: Words We Remember 1. Pittsburgh Post-Gazette, July 19, 2006, pg. C-1. 2. “Top 100 Advertising Campaigns,” Ad Age 3. Ibid. 4. Ibid. 5. Ibid. 6. http://www.inthe70s.com/generated/commercials.shtml 7. http://www.inthe80s.com/tvcommercials/c.shtml 8.
Designing for Emotion by Aarron Walter
Abraham Maslow, big-box store, cotton gin, en.wikipedia.org, game design, John Gruber, Kickstarter, Skype, software as a service, Steve Jobs, Superbowl ad, Wall-E, web application
Many brands employ this principle, but none more so than Apple. Apple’s interface design is famously refined, focused, aesthetically pleasing, and usable. Their clean, elegant design makes their products and software easy to use. Apple bakes the aesthetic-usability effect into everything they make, and it keeps their customers coming back. But Apple fanaticism connects directly to their mastery of emotional design. When Steve Jobs concludes a product demo with “We think you’re going to love it,” he truly believes it. It’s no mistake that he uses the word “love,” as their design ethos demonstrates that Apple clearly understands human psychology and emotion.
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It’s no mistake that he uses the word “love,” as their design ethos demonstrates that Apple clearly understands human psychology and emotion. In 2002, Apple filed a patent for a “Breathing Status LED Indicator.” Anyone who owns a Mac is familiar with the status light on the front of Apple laptops and desktops that gently pulses to indicate a sleep state. Apple designers considered the context in which this light would most often be seen—in a dark office, a bedroom, or a living room where the status light is one of the only light sources. The status indicator’s pulse rate is very precise. It mimics the natural breathing rate of a human at rest: twelve to twenty breaths per minute. It works just like a gentle rhythmic pat on a baby’s back.
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It might look something like this (fig 1.3): FIG 1.3: We can remap Maslow’s Hierarchy of Needs to the needs of our users. Getting the Basics Right For a user’s needs to be met, an interface must be functional. If the user can’t complete a task, they certainly won’t spend much time with an application. Remember when Apple released Ping? It was their attempt at building a social network around your iTunes music library. It was a pretty big flop, in part because you couldn’t share a song with friends on Twitter or Facebook. After users learned that the new system lacked basic features, most didn’t return. The interface must be reliable.
The Economic Singularity: Artificial Intelligence and the Death of Capitalism by Calum Chace
"World Economic Forum" Davos, 3D printing, additive manufacturing, agricultural Revolution, AI winter, Airbnb, AlphaGo, Alvin Toffler, Amazon Robotics, Andy Rubin, artificial general intelligence, augmented reality, autonomous vehicles, banking crisis, basic income, Baxter: Rethink Robotics, Berlin Wall, Bernie Sanders, bitcoin, blockchain, Boston Dynamics, bread and circuses, call centre, Chris Urmson, congestion charging, credit crunch, David Ricardo: comparative advantage, deep learning, DeepMind, Demis Hassabis, digital divide, Douglas Engelbart, Dr. Strangelove, driverless car, Elon Musk, en.wikipedia.org, Erik Brynjolfsson, Fairchild Semiconductor, Flynn Effect, full employment, future of work, Future Shock, gender pay gap, Geoffrey Hinton, gig economy, Google Glasses, Google X / Alphabet X, Hans Moravec, Herman Kahn, hype cycle, ImageNet competition, income inequality, industrial robot, Internet of things, invention of the telephone, invisible hand, James Watt: steam engine, Jaron Lanier, Jeff Bezos, job automation, John Markoff, John Maynard Keynes: technological unemployment, John von Neumann, Kevin Kelly, Kiva Systems, knowledge worker, lifelogging, lump of labour, Lyft, machine translation, Marc Andreessen, Mark Zuckerberg, Martin Wolf, McJob, means of production, Milgram experiment, Narrative Science, natural language processing, Neil Armstrong, new economy, Nick Bostrom, Occupy movement, Oculus Rift, OpenAI, PageRank, pattern recognition, post scarcity, post-industrial society, post-work, precariat, prediction markets, QWERTY keyboard, railway mania, RAND corporation, Ray Kurzweil, RFID, Rodney Brooks, Sam Altman, Satoshi Nakamoto, Second Machine Age, self-driving car, sharing economy, Silicon Valley, Skype, SoftBank, software is eating the world, speech recognition, Stephen Hawking, Steve Jobs, TaskRabbit, technological singularity, TED Talk, The future is already here, The Future of Employment, Thomas Malthus, transaction costs, Two Sigma, Tyler Cowen, Tyler Cowen: Great Stagnation, Uber for X, uber lyft, universal basic income, Vernor Vinge, warehouse automation, warehouse robotics, working-age population, Y Combinator, young professional
There are also numerous smaller players, of which perhaps the most interesting is Viv (from the Latin for “life”), a system developed by the original creators of Siri.[cxli] They span Siri out of a DARPA-funded research project, taking the name from Sigrid, a Scandinavian word meaning both “victory” and “beauty”, and sold it to Steve Jobs in 2011. Artificial intelligences will govern most things in our environment, and something like Siri will be our intermediary, negotiating with and filtering out most of the Internet of Things. Although we may not notice it, this will be a blessed relief. Imagine having to negotiate a world where every AI-enabled device has direct access to you, with every chair and handrail pitching their virtues to you, and every shop screaming at you to buy something.
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Markoff grew up in Silicon Valley and began writing about the internet in the 1970s. He fears that the spirit of innovation and enterprise has gone out of the place, and bemoans the absence of technologists or entrepreneurs today with the stature of past greats like Doug Engelbart (inventor of the computer mouse and much more), Bill Gates and Steve Jobs. He argues that today’s entrepreneurs are mere copycats, trying to peddle the next “Uber for X”. He admits that the pace of technological development might pick up again, perhaps thanks to research into meta-materials, whose structure absorbs, bends or enhances electromagnetic waves in exotic ways.
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Wearables, insideables At the moment, the vessel which transports the primitive forebears of these essential guides is the smartphone, but that is merely a temporary embodiment. We will surely progress from portables to wearables (Apple Watch, Google Glass, smart contact lenses...) and eventually to “insideables”: sophisticated chips that we carry around inside our bodies. You doubt that Google Glass will make a comeback? The value of a head-up display, where the information you want is displayed in your normal field of vision, is enormous; that's why the US military is happy to pay half a million dollars for each head-up display helmet used by its fighter aircraft pilots. Apple Watch has been successful because some people will pay good money to simply raise their wrist rather than go to all the bother of pulling their smartphone out of their pocket.
Car Guys vs. Bean Counters: The Battle for the Soul of American Business by Bob Lutz
An Inconvenient Truth, corporate governance, creative destruction, currency manipulation / currency intervention, flex fuel, Ford Model T, medical malpractice, Ponzi scheme, profit maximization, Ralph Nader, scientific management, shareholder value, Steve Jobs, Toyota Production System, transfer pricing, Unsafe at Any Speed, upwardly mobile, value engineering
Why do most of us prefer to fly the Pacific on Singapore Airlines or JAL, and the Atlantic on Lufthansa or SwissAir, as opposed to Delta or American Airlines? Why did the eccentric, disruptive, and incorrigibly right-brained Steve Jobs (who, I am sure, is totally perplexed by phrases like “a probabilistic, resource-optimized potential future product portfolio”) have to come back to save Apple after those who ousted him, boasting that “Apple would now be run soundly, by business professionals,” promptly ran it full-speed into the ground? Why did Sir Richard Branson, with no higher education at all, succeed so brilliantly in both the airline and music businesses?
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I hope and trust that GM’s new leader Dan Akerson will achieve the right balance. 13 If I Had Been CEO THIS CHAPTER IS HIGHLY CONJECTURAL FOR, AS I STATE FREQUENTLY, boards of directors usually don’t appoint creative right-brainers to the CEO post: there is just not enough predictability, not enough respect for carefully crafted “future scenarios” (which, due to their numerical precision, provide the faint of heart with a false sense of stability and order), too many changes of course, too much emotion and communication. Not only do boards not select people like me, they actually get rid of them when they have them. The fact that the most remarkable business successes were produced by individuals like Bill Gates, Steve Jobs, and Sir Richard Branson does nothing to alleviate the anxiety over their boldness in seeking new products and services. No board was ever going to confer the ultimate responsibility on me, but it’s fun to go down the list and see just what I might have done differently had I come in as CEO in 2001 instead of as vice chairman.
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Davis,Tom Delphi Dennis, Lyle Devine, John diesel engines Dodge Trucks Durant, Billy Earl, Harley economic value electric vehicles aerodynamics and EV1 Nissan Leaf see also hybrid vehicles End of Detroit, The: How the Big Three Lost Their Grip on the American Car Market (Maynard) Estes, Pete EV1 excellence Exide Technologies Federico, Jim Ferrari Fiat Fields, Mark financial crisis of auto industry bailout congressional automotive hearings Ford and GM’s bankruptcy stimulus and subprime mortgage disaster Ford Escape Explorer financial crisis and Flex fuel rules and Lincoln media and Mercury trucks and SUVs of Ford of Europe camshaft problem and Escort Sierra Franz, Klaus Friedman,Thomas fuel cells fuel economy regulations fuel prices Fuji Heavy Industries gasoline prices Gates, Bill GCG General Motors (GM): advertising by alliance strategy of APEX process at apologetic ad produced by Asia-Pacific operations of Australian operations of, see Holden automation at Automotive Task Force and bankruptcy of best practices at brand management at brand pyramids at brands shed by brand studios at culture of excellence at decline of design department of European operations of; see also Opel; Saab;Vauxhall exaggerated respect for authority at federal “ownership” of financial offices of fuel economy regulations and global integration of health care costs of history of Jobs Bank and Latin American operations of Lutz’s departure from Lutz’s hypothetical tenure as CEO of Lutz’s memo circulated in Lutz’s return to manufacturing standards at media and meetings at North American division of Perceptual Quality Program Review at Performance Management Process at product clinics at product development at product portfolio of rebirth of regional “companies” of strategy board meetings at Tech Center of vehicle line executives at General Motors vehicles: ashtrays in body fit of body paint on electric front-wheel drive in Global Epsilon architecture in interiors of prototypes of trucks wheels and tires of German automakers fuel rules and Gettelfinger, Ron global warming GMAC (General Motors Acceptance Corporation) GMC Terrain XUV Gonko, Betty Gore,Al grade-point averages Guts (Lutz) Harbour Report Hazen, Jack health care Henderson, Fritz “hider” design techniques Holden Honda Accord Acura CR-V Horn, Art Hudson Hummer hybrid vehicles Chevrolet Volt parallel vs. sequential Toyota Prius hydrogen fuel cells Iacocca, Lee federal loan guarantees and media and Inconvenient Truth, An Insolent Chariots, The (Keats) Isuzu Jaguar Japanese automakers alliances with CEOs of currency manipulation and fuel rules and health care and quality surveys and standardized work and truck and SUV market and voluntary restraint agreement and Jeep jets, corporate Jobs, Steve Jobs Bank Kady,Wayne Keats, John Korthoff, Douglas Land Rover LaSalle Lauckner, Jon leadership styles Lexus LG Chem Limbaugh, Rush lithium-ion batteries Lutz, Robert A.: departure from GM Guts hypothetical tenure as CEO of GM media and memo of motto of return to GM strongly held beliefs of Magna Corporation Mair,Alex management by objective management styles Marine Attack Squadron Mavroleon, Mano Maynard, Micheline Mazur, Dave McDonald, Jim McNamara, Robert media global warming and GM and Lutz and Saab and SUVs and Mercedes-Benz metal finishing military strategy Miller, Steve mission statement Mitchell, Bill Mitsubishi mortgages Mulally, Alan Nader, Ralph Nardelli, Bob Nash Nesbitt, Bryan New York Times Niedermeyer, Edward Nissan Armada Leaf Titan North American International Auto Show Norton, Andy NUMMI (New United Motorcar Manufacturing Company) Obama, Barack Oldsmobile Opel Antara Astra cost-cutting at Dudenhofen Proving Ground of Insignia metal finishing and midsize car program of selling of Vectra Zafira Packard Packard,Vance Paine, Chris Palmer, Jerry Pebble Beach Concours d’Elegance Piëch, Ferdinand PMP (Performance Management Process) Pontiac, Aztek Firebird G6 G8 V6 and V8, Grand Prix GTO Solstice Vibe PQPR (Perceptual Quality Program Review) Prechter, Heinz process religion product development at GM product portfolio creation Queen, Jim Range Rover Rattner, Steven Reilly, Nick ResCap Reuss, Mark Roche, Jim Rybicki, Irv Saab Saturn Aura Ion Vue science, business as Shelby, Richard Sloan, Alfred P.
The Jobs to Be Done Playbook: Align Your Markets, Organization, and Strategy Around Customer Needs by Jim Kalbach
Airbnb, Atul Gawande, Build a better mousetrap, Checklist Manifesto, Clayton Christensen, commoditize, data science, Dean Kamen, fail fast, Google Glasses, job automation, Kanban, Kickstarter, knowledge worker, Lean Startup, market design, minimum viable product, prediction markets, Quicken Loans, Salesforce, shareholder value, Skype, software as a service, Steve Jobs, subscription business, Zipcar
Have your team ask itself, “What business are we really in?” to find ways to grow. CHAPTER 8 JTBD in Action IN THIS CHAPTER, YOU WILL LEARN: • Full-fledged methods for JTBD • Recipes for combining JTBD techniques • How to evangelize and advocate for JTBD In a company meeting upon his return to Apple in 1997, Steve Jobs declared: “You’ve got to start with the experience and work back towards the technology.” With that, he gave insight into how he was going to turn around the then failing company. His strategy required nothing less than reversing the principles by which software was created and sold. At the time, Jobs’s approach seemed revolutionary.
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For instance, Dean Kamen, inventor of the Segway, expected to be selling 10,000 units a week by the end of 2002—that’s half a million a year. Venture capitalist John Doerr also predicted it would reach $1 billion in sales faster than any company in history, and that the Segway could be bigger than the internet. Even Steve Jobs commented that the Segway would be as big a deal as the PC. We were all supposed to be riding Segways by now. But by and large, the market rejected the invention. Although the transporter worked as envisioned, the Segway was doomed for many other reasons. At $5,000 per unit, the Segway’s price point targeted a more upscale market, excluding a large portion of potential buyers.
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They are stuck in old ways of management and metrics of the past, failing to view the market from the outside-in. Part of the problem is with the term “customer” itself, which to many people is limited to “consumption.” JTBD instead focuses on individuals and the goals that people have independent of a solution, company, or brand. The experience Steve Jobs envisioned wasn’t just a better product experience, but a meaningful interaction with a new technology. Likewise, Levitt wasn’t merely talking about product satisfaction, but about fulfilling basic needs. Customer-centricity goes deeper than mere consumption and must include an understanding of human motivations.
Nothing But Net by Mark Mahaney
Airbnb, AltaVista, Amazon Web Services, AOL-Time Warner, augmented reality, autonomous vehicles, Big Tech, Black Swan, Burning Man, buy and hold, Cambridge Analytica, Chuck Templeton: OpenTable:, cloud computing, COVID-19, cryptocurrency, discounted cash flows, disintermediation, diversification, don't be evil, Donald Trump, Elon Musk, financial engineering, gamification, gig economy, global pandemic, Google Glasses, Jeff Bezos, John Zimmer (Lyft cofounder), knowledge economy, lockdown, low interest rates, Lyft, Marc Andreessen, Mark Zuckerberg, Mary Meeker, medical malpractice, meme stock, Network effects, PageRank, pets.com, ride hailing / ride sharing, Salesforce, Saturday Night Live, shareholder value, short squeeze, Silicon Valley, Skype, Snapchat, social graph, Steve Jobs, stocks for the long run, subscription business, super pumped, the rule of 72, TikTok, Travis Kalanick, Uber and Lyft, uber lyft
THE IMPORTANCE OF FOUNDER-LED COMPANIES What do Alibaba, Amazon, Apple, Facebook, Google, Microsoft, Netflix, Shopify, Tencent, and Tesla all have in common? They carry some of the largest caps in the world. And they are all currently led—or for a long time were led—by their founders. Ma at Alibaba, Bezos at Amazon, Jobs at Apple, Zuckerberg at Facebook, Brin and Page at Google, Gates at Microsoft, Hastings at Netflix, Lütke at Shopify, Ma at Tencent, and Musk at Tesla (Table 8.1). TABLE 8.1 Founders and Their Companies Steve Jobs’s tenure excludes the period when Jobs left Apple in 1985 and rejoined in 1997; Elon Musk as cofounder per 2009 settlement.
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Table 8.3 recalls Table 8.1, suggesting a loose correlation between tech company success and CEO Burning Man attendance. Perhaps the right question for investors to ask any tech CEO is: “Have you been to Burning Man?” TABLE 8.3 Correlation Between Burning Man Attendance and Tech CEO Excellence Steve Jobs’s tenure excludes the period when Jobs left Apple in 1985 and rejoined in 1997; it’s unclear whether Jobs went to Burning Man, but his image was in the musical Burning Man. Market cap as of Febuary 9, 2021. As for the ability to be forthright about mistakes and challenges, three quick examples come to mind. First, the October 19, 2011, public video apology by Reed Hastings (“Netflix CEO Reed Hastings Apologizes for Mishandling the Change to Qwikster”) is a rare public mea culpa in the annals of corporate America.
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The key reason Snap had to redesign its app for the Android platform was because it simply didn’t work as well on Android smartphones as it did on Apple iPhones. The user experience was slower and kludgier—on some Android devices the phone’s camera didn’t integrate seamlessly with the Snap app. And the Snap Android app didn’t work as well as the Snap iPhone app because the company didn’t devote nearly as many resources to it as it did to the iPhone platform. That was a problem when the company tried to expand to international markets, because outside the United States, the Android platform is much more popular than the Apple platform. It’s an Android world, not an Apple world. (The Android operating system powers over 70% of global smartphones.)
The Open Organization: Igniting Passion and Performance by Jim Whitehurst
Airbnb, behavioural economics, cloud computing, content marketing, crowdsourcing, digital capitalism, en.wikipedia.org, fail fast, Google Hangouts, Infrastructure as a Service, job satisfaction, Kaizen: continuous improvement, market design, meritocracy, Network effects, new economy, place-making, platform as a service, post-materialism, profit motive, risk tolerance, Salesforce, shareholder value, side project, Silicon Valley, Skype, Snapchat, Steve Jobs, subscription business, TED Talk, The Wisdom of Crowds, Tony Hsieh
Even when I introduce myself to other people in the company, I don’t talk about how I’m a vice president. I usually just say, ‘I’m the support dude.’” Remember that someone wearing jeans and flip-flops can convey that she is still the boss. Just look at a company like Apple, where Steve Jobs was notorious for his casual dress, dating back to the company’s earliest days. But, by most accounts, that didn’t really make him more approachable; he was still at the center of Apple’s “Cult of the CEO” kind of culture where every important decision went through him. In other words, the simple act of wearing jeans is not how you build engagement and break down hierarchies. It’s the attitude adjustments that need to go along with it.
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The Leader’s Role: Knocking Down Barriers to Collaboration Technology companies are known for casual dress. You can walk the streets of Palo Alto past the cafés and restaurants for hours and never see a tie. But many of the same technology companies that employ these folks have rigid hierarchies that would match anything a military academy can muster. Steve Jobs dressed casually, but there was no question who was in charge at Apple. At Red Hat, we embrace informality in myriad ways, not because we like to be comfortable in what we wear or that we wouldn’t like couches in the executive suite, but because we’ve learned that to truly encourage dialogue and debate across the company, we have to break down any semblance of an “us and them” culture.
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To add a new service, like call-waiting, the operator had to reprogram the central switch, an expensive and risky endeavor. Screw it up and you could bring down the whole network. Not surprisingly, innovation proceeded at a snail’s pace. Today, the web hosts hundreds of web-based communication services including Apple’s iMessage, WhatsApp, Snapchat, Kakao Talk, Google Hangout, WeChat, and Grasshopper. On Skype alone, users spend more than 2 billion minutes communicating each day. The web has also spawned thousands of special interest groups, like wrongplanet.net, a site dedicated to improving the lives of individuals with autism.
Free to Focus: A Total Productivity System to Achieve More by Doing Less by Michael Hyatt
Atul Gawande, Cal Newport, Checklist Manifesto, death from overwork, Donald Trump, Elon Musk, Frederick Winslow Taylor, informal economy, invention of the telegraph, Jeff Bezos, job automation, karōshi / gwarosa / guolaosi, knowledge economy, knowledge worker, lock screen, microdosing, Parkinson's law, remote work: asynchronous communication, remote working, side hustle, solopreneur, Steve Jobs, zero-sum game
This is simply something that will remind you about your goal. It could be a note on your bathroom mirror or a reminder on your phone—whatever works for you to remember your goals and prompt the action you need to take. 4 Eliminate Flex Your “No” Muscle I’m actually as proud of the things we haven’t done as the things I have done. STEVE JOBS Several years ago, I put myself through one of the worst weeks of my professional life. I say “put myself through” because that’s exactly what happened: I said yes to too many things. In one week I attended board meetings for three different companies, two of which were out of town. I also had five different speaking engagements amid the board meetings and travel.
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Of course, the process of elimination may leave you in an unexpected predicament: you might end up feeling guilty about the time you’re freeing up. You may feel like you’re letting other people down by saying no when you have time to help them. This is a trap. If cutting out unnecessary or undesirable tasks leaves you with free time or margin, that is something to celebrate! It is certainly nothing to feel bad about. As Steve Jobs said, “Innovation means saying no to a thousand things.” Don’t give in to the pressure of finding a thousand other things to replace the ones you said no to. You aren’t making a one-to-one swap as you strike things off your list. As we’ve said many times, the goal of productivity should be achieving more by doing less.
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The secret sauce is your computer’s email signature feature. I personally use a Mac computer and the basic Apple Mail email client for my email. Like most email apps, Apple Mail lets you save a number of different email signatures. Normally, you’d just use these to automatically insert your name and perhaps your business contact information, but we are going to turn this simple feature into a productivity powerhouse. Once I create a new email template, I save it in my email client as a new signature. Then, when I need it, I can put it into the body of an email in one or two clicks. In Apple Mail and Outlook, for instance, your saved signatures appear in a drop-down list in a tool bar at the top of the message window.
The Wealth Dragon Way: The Why, the When and the How to Become Infinitely Wealthy by John Lee
8-hour work day, Abraham Maslow, Albert Einstein, barriers to entry, Bernie Madoff, butterfly effect, buy low sell high, California gold rush, Donald Trump, financial independence, gentrification, high net worth, high-speed rail, intangible asset, Kickstarter, low interest rates, Mark Zuckerberg, Maslow's hierarchy, multilevel marketing, negative equity, passive income, payday loans, reality distortion field, self-driving car, Snapchat, Stephen Hawking, Steve Jobs, stocks for the long run, stocks for the long term, Tony Hsieh, Y2K
What's the Limit to What You Can Achieve? Steve Jobs had what his coworkers called a reality distortion field. He would ask a developer how long it would take to perfect a certain product or piece of software, and if she said 18 months he'd tell her to do it in 2. And he always got what he wanted. He knew no bounds, no limits. He used his charm and persuasion to distort the reality of the developer's mind so that she stopped looking at the reasons why it would take so long and started to believe she could do it in two months. It worked. This strategy played a large part in Steve Jobs's success. He was a perpetual optimist.
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One of the most successful and benevolent foundations in the world (indeed it is the world's largest foundation) is the Bill & Melinda Gates Foundation. Bill Gates has ploughed billions of his own money into a nonprofit organization dedicated to improving the lives of people facing poverty and disease; people who, without the efforts of the foundation, would struggle to survive. What motivated Steve Jobs was not money; it was a passion for computers, and his belief that they could change and improve the world we live in. Jobs believed computers and humans could have a more symbiotic relationship, and he worked tirelessly towards that goal. Mark Zuckerberg was driven by the idea of people connecting through cyberspace.
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People will always put off today what they say they will do tomorrow…mostly because they are scared. What it would take most people around six months to do we try to get done in a couple of days. That's how you succeed. That's how you get ahead of the pack. You have to be prepared to do things in a fraction of the time another person would take. That's all Steve Jobs did: He got there first. Most people live in a land called Excuseville. They constantly come up with reasons for why they can't achieve something. They love coming up with these reasons because doing so justifies why they haven't got what they want. They could never say “I'm scared to go for it” or “I'm too lazy to do what it takes”—they will simply come up with reasons such as “I'm too old now and the competition's too great” or “I don't have the time; I've got three young children and a demanding job.”
Them and Us: How Immigrants and Locals Can Thrive Together by Philippe Legrain
affirmative action, Albert Einstein, AlphaGo, autonomous vehicles, Berlin Wall, Black Lives Matter, Boris Johnson, Brexit referendum, British Empire, call centre, centre right, Chelsea Manning, clean tech, coronavirus, corporate social responsibility, COVID-19, creative destruction, crowdsourcing, data science, David Attenborough, DeepMind, Demis Hassabis, demographic dividend, digital divide, discovery of DNA, Donald Trump, double helix, Edward Glaeser, en.wikipedia.org, eurozone crisis, failed state, Fall of the Berlin Wall, future of work, illegal immigration, immigration reform, informal economy, Jane Jacobs, job automation, Jony Ive, labour market flexibility, lockdown, low cost airline, low interest rates, low skilled workers, lump of labour, Mahatma Gandhi, Mark Zuckerberg, Martin Wolf, Mary Meeker, mass immigration, moral hazard, Mustafa Suleyman, Network effects, new economy, offshore financial centre, open borders, open immigration, postnationalism / post nation state, purchasing power parity, remote working, Richard Florida, ride hailing / ride sharing, Rishi Sunak, Ronald Reagan, Silicon Valley, Skype, SoftBank, Steve Jobs, tech worker, The Death and Life of Great American Cities, The future is already here, The Future of Employment, Tim Cook: Apple, Tyler Cowen, urban sprawl, WeWork, Winter of Discontent, women in the workforce, working-age population
As of 2016, immigrants had also co-founded more than half of the US’s eighty-seven unicorns, as start-ups valued at $1 billion (£770 million) or more are known.2 One unicorn, valued at $13 billion (£10 billion), is DoorDash, the country’s fastest-growing meal-delivery app and a lifeline for millions of Americans during coronavirus lockdowns, which was founded by Tony Wu, who moved to the US from China as a child.3 Across the entire US, nearly three in eight new businesses have at least one immigrant founder.4 Newcomers’ children have an outsized impact too. Apple’s Steve Jobs had a Syrian-born father. Fourteen of America’s twenty-five most valuable tech companies were co-founded by migrants or their children.5 Overall, immigrants co-founded 101 of the Fortune 500 most valuable listed companies in the US and their children 122, so an astonishing 45 percent in total.6 Those firms had $6.1 trillion (£4.7 trillion) in revenues and employed 13.5 million people.
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They have even played the US president (Daniel Day-Lewis in Lincoln). And they run rampant on TV too: watch Damian Lewis in Homeland and now Billions or Dominic West in The Wire and The Affair, while the cast of Game of Thrones was overwhelmingly British. It’s not just British actors, though. In Steve Jobs, the Apple founder is played by German-Irish actor Michael Fassbender. In Jackie, Jackie Kennedy is portrayed by Israeli-born Natalie Portman and President John F. Kennedy by Caspar Phillipson from Denmark. So many Hollywood superstars are foreign: Ryan Gosling (Canadian), Alicia Vikander (Swedish), Penelope Cruz (Spanish), Cate Blanchett, Nicole Kidman and Margot Robbie (all Australian).
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In 2017 DeepMind’s AlphaGo bested the world number one at the Japanese game of Go – not by copying successful human strategies, but by devising its own better ones. Less than a third of recent patents and only a fifth of recent scientific papers were written by a single author – and even lone authors are stimulated by others.4 ‘Creativity comes from spontaneous meetings, from random discussions,’ observed the late Apple founder, Steve Jobs. ‘You run into someone, you ask what they’re doing, you say, “Wow” and soon you’re cooking up all sorts of ideas.’5 For those interactions to be fruitful, people need to bring something extra to the party. The saying ‘two heads are better than one’ is true only if the two heads think differently.
Generations: the Real Differences Between Gen Z, Millennials, Gen X, Boomers, and Silents—and What They Mean for America's Future: The Real Differences between Gen Z, Millennials, Gen X, Boomers, and Silents—and What They Mean for America's Future by Jean M. Twenge
1960s counterculture, 2021 United States Capitol attack, affirmative action, airport security, An Inconvenient Truth, Bear Stearns, Bernie Sanders, Black Lives Matter, book scanning, coronavirus, COVID-19, crack epidemic, critical race theory, David Brooks, delayed gratification, desegregation, Donald Trump, Edward Snowden, Elon Musk, fake news, feminist movement, Ferguson, Missouri, Ford Model T, future of work, gender pay gap, George Floyd, global pandemic, Gordon Gekko, green new deal, income inequality, Jeff Bezos, Joan Didion, job automation, Kitchen Debate, knowledge economy, labor-force participation, light touch regulation, lockdown, Marc Andreessen, Mark Zuckerberg, McJob, meta-analysis, microaggression, Neil Armstrong, new economy, opioid epidemic / opioid crisis, Peter Thiel, QAnon, Ralph Nader, remote working, ride hailing / ride sharing, rolodex, Ronald Reagan, Saturday Night Live, Sheryl Sandberg, side hustle, Snapchat, Steve Jobs, Steve Wozniak, superstar cities, tech baron, TED Talk, The Great Resignation, TikTok, too big to fail, Travis Kalanick, War on Poverty, We are the 99%, women in the workforce, World Values Survey, zero-sum game
Another Boomer who rose to fame in the 1980s epitomizes the interplay of individualism and technology in the Boomer life cycle: Apple Computer cofounder Steve Jobs (b. 1955). Jobs was a Boomer taken to its logical extremes. He spent much of his adulthood rejecting the conventional, trying various vegetarian and vegan diets, walking around barefoot in offices, and refusing to buy furniture for his house (the famous picture of Jobs with one of the first Macs was taken with him sitting on the floor because he had no chairs in his living room). The Apple name was inspired by a commune near Portland, Oregon, with apple orchards called the All One Farm. When Jobs returned to the helm of Apple after a few years’ absence, the company’s advertising slogan became “Think Different.”
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(worldwide, nearly 7 million died as of late 2022). The aftereffects of COVID on both mental and physical health will reverberate for decades to come. CHAPTER 6 Generation Z (Born 1995–2012) “Every once in a while, a revolutionary product comes along that changes everything,” said Apple CEO Steve Jobs on January 9, 2007. “Today, Apple is going to reinvent the phone.” It did: Six months later, Apple introduced the first iPhone, and the world has never been the same. That was true for everyone, but it was particularly true for the post-Millennial generation born after 1995, who has never known a world without the internet. The oldest were 12 when the iPhone premiered and the smartphone changed social life, communication, entertainment, culture, and politics.
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Most people know that Kurt Cobain of Nirvana was a Gen X’er—but so are Jimmy Fallon, Kanye West, Blake Shelton, Julia Roberts, Elon Musk, and Jennifer Lopez. Mark Zuckerberg is a quintessential Millennial, but the generation also includes Beyoncé, Michael Phelps, and Lady Gaga. You may find a few surprises: Until I made these lists, I didn’t realize that Melania Trump was a Gen X’er. There are also some intriguing parallels: Bill Gates and Steve Jobs were born in the same year, 1955. After that, it’s off to the races with the generational trends, including in marriage, sexuality, birth rates, drugs and alcohol, equal rights movements, pop culture, technology, income, education, politics, religion, gender identity, mental health, happiness, and everything in between.
The Year Without Pants: Wordpress.com and the Future of Work by Scott Berkun
barriers to entry, Big Tech, blue-collar work, Broken windows theory, en.wikipedia.org, Firefox, future of work, Google Hangouts, Jane Jacobs, job satisfaction, Kanban, Lean Startup, lolcat, lone genius, Mark Zuckerberg, minimum viable product, post-work, remote working, Results Only Work Environment, Richard Stallman, Seaside, Florida, side project, Silicon Valley, six sigma, Skype, stealth mode startup, Steve Jobs, the Cathedral and the Bazaar, The Death and Life of Great American Cities, the map is not the territory, The Soul of a New Machine, Tony Hsieh, trade route, work culture , zero-sum game
Kelling, “Broken Windows,” Atlantic Monthly (March 1982). 2 Just as a broken leg will take more time to fix than a scratch, a simple incoming-versus-fix chart discounts possibly important details such as the scope of each issue. 3 A good summary of the problems with evaluating programming work based on lines of code is at http://en.wikipedia.org/wiki/Source_lines_of_code#Disadvantages. Chapter 11 Real Artists Ship In September 1983, the Apple Macintosh project was far behind schedule. The team was burning out but still had significant work left to do. Steve Jobs, CEO of Apple and visionary leader of the project, walked by the team's main hallway and wrote on a nearby easel what would become one of his best-known sayings: “Real Artists Ship.” He wrote it because he wanted to compel the project team to work harder and finish sooner.
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As a leader of an engineering team, I found it hard not to consider the many challenges of carefully moving 100,000 tons of fragile marble from a quarry ten miles away up to the high plateau, two thousand years ago, centuries before power tools, electric lights, or cold beer.1 It's no surprise that slave labor was part of the answer, as it must have been grueling work. It's never a surprise in great projects to find grueling work somewhere along the way—work that never upholds the same aesthetic as the final results. Tales of the hard parts often fail to make it into the brochures or the corporate tours. Steve Jobs's obsession with making the interiors of Apple's products look beautiful, even though no one would see them, always struck me as curious but strange. Most of the ancient and Renaissance masters he admired didn't feel the same way. It sometimes takes ugly effort to make beautiful things. People who love great things but are ignorant of how they're made are mystified by how dirty they have to get their own hands to make anything at all: they think the mess means they're doing something wrong, when mostly it just means they're finally doing real work.
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We certainly launched many things, but did it add up to making a better product? Despite all the joy WordPress folks took in making fun of Microsoft and other old-school software companies, WordPress's user interface was complicated. It felt more like something Microsoft would make than Apple, despite the company's great fondness for Apple products. Historically Mullenweg was the primary source for product vision at Automattic, and in most ways he was still the visible leader in the open source WordPress project too. He was talented at thinking about design. But as WordPress and WordPress.com had gotten bigger, there was less of him to go around and a growing pile of legacy features and options to wrestle with.
Age of Ambition: Chasing Fortune, Truth, and Faith in the New China by Evan Osnos
conceptual framework, crony capitalism, currency manipulation / currency intervention, David Brooks, Deng Xiaoping, East Village, Evgeny Morozov, fake news, financial independence, Gini coefficient, Great Leap Forward, high-speed rail, income inequality, indoor plumbing, information asymmetry, land reform, Lao Tzu, low skilled workers, market fundamentalism, Mohammed Bouazizi, plutocrats, prosperity theology / prosperity gospel / gospel of success, rolodex, scientific worldview, Silicon Valley, South China Sea, sovereign wealth fund, special economic zone, Steve Jobs, transcontinental railway, Washington Consensus, Xiaogang Anhui farmers, young professional
Just like Steve Jobs.” Michael had found his new icon. “Steve Jobs is my hero,” he said. “Steve Jobs used the iPod to change the music industry, and he used the iPhone Four to change the world. Can you believe it?” After his death in 2011, Jobs had become an object of fascination in China; to his young Chinese admirers, he was a nonconformist who became a billionaire. I met young men who couldn’t afford iPhones but could afford Chinese translations of Walter Isaacson’s Jobs biography, and they quoted it like scripture. On his laptop, Michael clicked on a video file. It was an old Apple television ad that he had found online.
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The troublemakers. The round pegs in the square holes…” It ended with the phrase, “Think Different” and, under his breath, Michael said, “Beautiful.” Michael, as always, had some new ideas to share. Some were practical (he wanted to license the rights to publish a short, simplified-English version of the Steve Jobs biography, with phonetic markings to help students pronounce the words correctly) and some were preposterous: he was trying to popularize a marketing word he had dreamed up, charmiac, to describe people like him, who were charmed by something to the point of distraction. When I told him it wasn’t the best use of his time, he sounded disappointed and said under his breath, “Bruce Lee got kung fu into the dictionary.”
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Though his journey was more dramatic than most, his decision had something in common with that facing any migrant who sets off in search of better prospects—Gong Haiyan and her online dating business, or the students at Crazy English, or, for that matter, the European immigrants who came to America during the Gilded Age. What do you want to be, and what will you pay to be it? In the case of Inveterate Gambler Ping, success and risk-taking drew attention. Four months into Siu’s streak, a gossip column in the Apple Daily, a popular Hong Kong paper, took note of a “mysterious” figure making the rounds in Macau, said to be amassing a fortune as large as 150 million dollars. “Is he extremely lucky or does he have the genuine magic touch?” the paper asked in January 2008. The next day, a member of Hong Kong’s legislature, Chim Pui-chung, a devoted gambler, told the paper that he had heard people hailing the new high roller as the “God of Gamblers,” borrowed from the title of a Hong Kong movie starring Chow Yun-fat.
The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich by Timothy Ferriss
Abraham Maslow, Albert Einstein, Amazon Mechanical Turk, Apollo 13, call centre, clean water, digital nomad, Donald Trump, drop ship, en.wikipedia.org, Firefox, fixed income, follow your passion, Ford Model T, fulfillment center, game design, global village, Iridium satellite, knowledge worker, language acquisition, late fees, lateral thinking, Maui Hawaii, oil shock, paper trading, Paradox of Choice, Parkinson's law, passive income, peer-to-peer, pre–internet, Ralph Waldo Emerson, remote working, risk tolerance, Ronald Reagan, side project, Silicon Valley, Silicon Valley startup, Skype, Steve Jobs, Vilfredo Pareto, wage slave, William of Occam
And whenever the answer has been “No” for too many days in a row, I know I need to change something … almost everything—all external expectations, all pride, all fear of embarrassment or failure—these things just fall away in the face of death, leaving only what is truly important. Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose. —STEVE JOBS, college dropout and CEO of Apple Computer, Stanford University Commencement, 200585 If you’re confused about life, you’re not alone. There are almost seven billion of us. This isn’t a problem, of course, once you realize that life is neither a problem to be solved nor a game to be won. If you are too intent on making the pieces of a nonexistent puzzle fit, you miss out on all the real fun.
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GERBER, founder and chairman of E-Myth Worldwide and the world’s #1 small business guru “This is a whole new ball game. Highly recommended.” —DR. STEWART D. FRIEDMAN, adviser to Jack Welch and former Vice President Al Gore on work/family issues and director of the Work/Life Integration Program at the Wharton School, University of Pennsylvania “Timothy has packed more lives into his 29 years than Steve Jobs has in his 51.” —TOM FOREMSKI, journalist and publisher of SiliconValleyWatcher.com “If you want to live life on your own terms, this is your blueprint.” —MIKE MAPLES, cofounder of Motive Communications (IPO to $260M market cap) and founding executive of Tivoli (sold to IBM for $750M) “Thanks to Tim Ferriss, I have more time in my life to travel, spend time with family, and write book blurbs.
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To bring in a wonderful 2009, I’d like to quote an e-mail I received from a mentor of more than a decade: While many are wringing their hands, I recall the 1970s when we were suffering from an oil shock causing long lines at gas stations, rationing, and 55 MPH speed limits on federal highways, a recession, very little venture capital ($50 million per year into VC firms), and what President Jimmy Carter (wearing a sweater while addressing the nation on TV because he had turned down the heat in the White House) called a “malaise.” It was during those times that two kids without any real college education, Bill Gates and Steve Jobs, started companies that did pretty well. Opportunities abound in bad times as well as good times. In fact, the opportunities are often greater when the conventional wisdom is that everything is going into the toilet. Well… we’re nearing the end of another great year, and despite what we read about the outlook for 2009, we can look forward to a New Year filled with opportunities as well as stimulating challenges.
The End of Illness by David B. Agus
confounding variable, Coronary heart disease and physical activity of work, Danny Hillis, discovery of penicillin, double helix, epigenetics, germ theory of disease, Google Earth, Gregor Mendel, impulse control, information retrieval, Larry Ellison, longitudinal study, Marc Benioff, meta-analysis, Michael Milken, microbiome, Murray Gell-Mann, pattern recognition, Pepto Bismol, personalized medicine, randomized controlled trial, risk tolerance, Salesforce, Steve Jobs, systems thinking, TED Talk, the scientific method
Taking a cue from physics, he views the body as a complex system and helps us see how everything from cancer to nutrition fits into one whole picture. The result is both a useful guide on how to stay healthy and a fascinating analysis of the latest in medical science.” —WALTER ISAACSON, author of Steve Jobs “Dr. David Agus has given us a remarkable peek into our health—and the impact will be profound. I’ve made it my mission in life to live strong and help others do the same. The End of Illness is one more empowering piece to the puzzle of knowing how to do just that. This book will prevent illness, revolutionize treatments, and lengthen people’s lives.
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To Max Nikias, Carmen Puliafito, and Eli Broad, for bringing me to USC, a remarkable academic home. To Sumner Redstone, for your unwavering belief in me. To Larry Norton, Danny Hillis, and Murray Gell-Mann, for making me think beyond my own discipline and putting up with my endless questions. To Lance Armstrong and the late Steve Jobs, for your unending inspiration. To Michael Milken and Stuart Holden for your encouragement over the past decade. To John Doerr and Mark Kvamme, for supporting my beliefs and me through the years. To Yossi Vardi and Joe Schoendorf for opening my eyes to health and technology outside the US. To Dan Case, Dennis Hopper, Raul Walters, and Johnny Ramone for teaching me to never give up.
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Thank you for your loyalty and friendship though the years and thank you for taking this journey with me. To the many readers of the many drafts of this manuscript. Your encouragement, enthusiasm, and knowledge helped this book take shape. I want to especially thank Marc Benioff, Amy DuRoss, Melissa Floren, Steve Jobs, Avram Miller, Amy Povich, Maury Povich, Dov Seidman, Greg Simon, Bonnie Solow, Elle Stephens, and David N. Weissman. To my family, you are my true love and passion. Sydney and Miles, I love you both dearly and can’t thank you enough for all your enthusiasm in wanting me to write this book. To my beautiful wife, friend, and partner, Amy, thank you for your influence over me, you have made me a much better person and doctor.
The Firm by Duff McDonald
"World Economic Forum" Davos, Alan Greenspan, AOL-Time Warner, Asian financial crisis, asset light, Bear Stearns, benefit corporation, book value, borderless world, collective bargaining, commoditize, conceptual framework, corporate governance, creative destruction, credit crunch, family office, financial independence, Frederick Winslow Taylor, Glass-Steagall Act, income inequality, invisible hand, Jeff Bezos, Joseph Schumpeter, Ken Thompson, Kickstarter, laissez-faire capitalism, Mahatma Gandhi, Nelson Mandela, new economy, pets.com, Ponzi scheme, Ralph Nader, risk tolerance, risk-adjusted returns, Robert Solow, scientific management, shareholder value, Sheryl Sandberg, Silicon Valley, Steve Jobs, supply-chain management, The Nature of the Firm, vertical integration, young professional
McKinsey also drove the competition to distraction with its ability to bounce back from any setback. In 1985, when Steve Jobs was first exiled from Apple in favor of John Sculley, the computer company saw a large drop in its market share in schools. Former McKinsey consultant Fred Sturdivant saw an opportunity and landed the company he then led, the MAC Group, a choice consulting assignment. “We came in and did a bang-up job,” he recalled. “We got applause. I was convinced that we were in the catbird seat to have a relationship with Apple. We were home free. But within weeks, word came out that a big new strategy engagement had been taken on by guess who?
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Is it still?”3 Winners don’t win forever, no matter who they are. Goldman Sachs, long the gold standard in finance, has been outmatched recently by its much larger and better-capitalized competitor, JPMorgan Chase. Microsoft, lazy and dull after decades of dominance, was utterly outflanked by Apple after the return of Steve Jobs. And McKinsey? The firm has been winning at the game so long that one can only wonder if it will realize when it’s lost what made it a winner in the first place. The firm’s centrality in the management process is also more difficult to see with the abstraction of the economy. While many assume that the growth of consulting is a direct result of the benefits it provides, there is an alternative view.
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What it has done with that influence since its founding in the 1920s is what this book is about. 1. THE OZARK FARM BOY From Gamma to Lake Shore Drive The history of American business is the story of men who came along with a healthy dose of self-confidence. Henry Ford knew he had found a way to mass-produce cars. Steve Jobs knew there was huge opportunity in taking the computer out of the office and into the home. Jeff Bezos of Amazon.com saw the promise of the Internet early, and he took retailing into the ether. James O. McKinsey’s confidence wasn’t about something so tangible. Did you have a problem in your business?
Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity by Daron Acemoglu, Simon Johnson
"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, 4chan, agricultural Revolution, AI winter, Airbnb, airline deregulation, algorithmic bias, algorithmic management, Alignment Problem, AlphaGo, An Inconvenient Truth, artificial general intelligence, augmented reality, basic income, Bellingcat, Bernie Sanders, Big Tech, Bletchley Park, blue-collar work, British Empire, carbon footprint, carbon tax, carried interest, centre right, Charles Babbage, ChatGPT, Clayton Christensen, clean water, cloud computing, collapse of Lehman Brothers, collective bargaining, computer age, Computer Lib, Computing Machinery and Intelligence, conceptual framework, contact tracing, Corn Laws, Cornelius Vanderbilt, coronavirus, corporate social responsibility, correlation does not imply causation, cotton gin, COVID-19, creative destruction, declining real wages, deep learning, DeepMind, deindustrialization, Demis Hassabis, Deng Xiaoping, deskilling, discovery of the americas, disinformation, Donald Trump, Douglas Engelbart, Douglas Engelbart, Edward Snowden, Elon Musk, en.wikipedia.org, energy transition, Erik Brynjolfsson, European colonialism, everywhere but in the productivity statistics, factory automation, facts on the ground, fake news, Filter Bubble, financial innovation, Ford Model T, Ford paid five dollars a day, fulfillment center, full employment, future of work, gender pay gap, general purpose technology, Geoffrey Hinton, global supply chain, Gordon Gekko, GPT-3, Grace Hopper, Hacker Ethic, Ida Tarbell, illegal immigration, income inequality, indoor plumbing, industrial robot, interchangeable parts, invisible hand, Isaac Newton, Jacques de Vaucanson, James Watt: steam engine, Jaron Lanier, Jeff Bezos, job automation, Johannes Kepler, John Markoff, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, Joseph-Marie Jacquard, Kenneth Arrow, Kevin Roose, Kickstarter, knowledge economy, labor-force participation, land reform, land tenure, Les Trente Glorieuses, low skilled workers, low-wage service sector, M-Pesa, manufacturing employment, Marc Andreessen, Mark Zuckerberg, megacity, mobile money, Mother of all demos, move fast and break things, natural language processing, Neolithic agricultural revolution, Norbert Wiener, NSO Group, offshore financial centre, OpenAI, PageRank, Panopticon Jeremy Bentham, paperclip maximiser, pattern recognition, Paul Graham, Peter Thiel, Productivity paradox, profit maximization, profit motive, QAnon, Ralph Nader, Ray Kurzweil, recommendation engine, ride hailing / ride sharing, Robert Bork, Robert Gordon, Robert Solow, robotic process automation, Ronald Reagan, scientific management, Second Machine Age, self-driving car, seminal paper, shareholder value, Sheryl Sandberg, Shoshana Zuboff, Silicon Valley, social intelligence, Social Responsibility of Business Is to Increase Its Profits, social web, South Sea Bubble, speech recognition, spice trade, statistical model, stem cell, Steve Jobs, Steve Wozniak, strikebreaker, subscription business, Suez canal 1869, Suez crisis 1956, supply-chain management, surveillance capitalism, tacit knowledge, tech billionaire, technoutopianism, Ted Nelson, TED Talk, The Future of Employment, The Rise and Fall of American Growth, The Structural Transformation of the Public Sphere, The Wealth of Nations by Adam Smith, theory of mind, Thomas Malthus, too big to fail, total factor productivity, trade route, transatlantic slave trade, trickle-down economics, Turing machine, Turing test, Twitter Arab Spring, Two Sigma, Tyler Cowen, Tyler Cowen: Great Stagnation, union organizing, universal basic income, Unsafe at Any Speed, Upton Sinclair, upwardly mobile, W. E. B. Du Bois, War on Poverty, WikiLeaks, wikimedia commons, working poor, working-age population
Bill Gates was speaking for many in the tech industry at the time when he said, “The [digital] technologies involved here are really a superset of all communications technology that has come along in the past, e.g., radio, newspaper. All of those things will be replaced by something that is far more attractive.” Not everything might go right all the time, but Steve Jobs, cofounder of Apple, captured the zeitgeist perfectly at a conference in 2007 with what became a famous line: “Let’s go and invent tomorrow rather than worrying about yesterday.” In fact, both Time magazine’s upbeat assessment and subsequent techno-optimism were not just exaggerated; they missed entirely what happened to most people in the United States after 1980.
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It is better to change ourselves—for example, by investing in skills that will be valued in the future. If there are continuing problems, talented entrepreneurs and scientists will invent solutions—more-capable robots, human-level artificial intelligence, and whatever other breakthroughs are required. People understand that not everything promised by Bill Gates, Elon Musk, or even Steve Jobs will likely come to pass. But, as a world, we have become infused by their techno-optimism. Everyone everywhere should innovate as much as they can, figure out what works, and iron out the rough edges later. WE HAVE BEEN here before, many times. One vivid example began in 1791, when Jeremy Bentham proposed the panopticon, a prison design.
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This contraption, consisting of a big roller, a wooden-carved frame, and a single button, looked nothing like the computer mouse we are used to today, but with wires sticking from its back, it did look enough like a rodent to get the name. It transformed what most users could do with computers at one fell swoop. It was also the innovation that propelled Steve Jobs and Steve Wozniak’s Macintosh computers ahead of PCs and operating systems based on Microsoft. Other Engelbart innovations, some of them also showcased at the Mother of All Demos, include hypertext (which now powers the internet), bitmapped screens (which made various other interfaces feasible), and early forms of the graphical user interface.
The Finance Curse: How Global Finance Is Making Us All Poorer by Nicholas Shaxson
"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, activist fund / activist shareholder / activist investor, Airbnb, airline deregulation, Alan Greenspan, anti-communist, bank run, banking crisis, Basel III, Bear Stearns, benefit corporation, Bernie Madoff, Big bang: deregulation of the City of London, Blythe Masters, Boris Johnson, Bretton Woods, British Empire, business climate, business cycle, capital controls, carried interest, Cass Sunstein, Celtic Tiger, central bank independence, centre right, Clayton Christensen, cloud computing, corporate governance, corporate raider, creative destruction, Credit Default Swap, cross-subsidies, David Ricardo: comparative advantage, demographic dividend, Deng Xiaoping, desegregation, Donald Trump, Etonian, export processing zone, failed state, fake news, falling living standards, family office, financial deregulation, financial engineering, financial innovation, forensic accounting, Francis Fukuyama: the end of history, full employment, gig economy, Gini coefficient, Glass-Steagall Act, global supply chain, Global Witness, high net worth, Ida Tarbell, income inequality, index fund, invisible hand, Jeff Bezos, junk bonds, Kickstarter, land value tax, late capitalism, light touch regulation, London Whale, Long Term Capital Management, low skilled workers, manufacturing employment, Mark Zuckerberg, Martin Wolf, megaproject, Michael Milken, Money creation, Mont Pelerin Society, moral hazard, neoliberal agenda, Network effects, new economy, Northern Rock, offshore financial centre, old-boy network, out of africa, Paul Samuelson, plutocrats, Ponzi scheme, price mechanism, proprietary trading, purchasing power parity, pushing on a string, race to the bottom, regulatory arbitrage, rent-seeking, road to serfdom, Robert Bork, Ronald Coase, Ronald Reagan, Savings and loan crisis, seminal paper, shareholder value, sharing economy, Silicon Valley, Skype, smart grid, Social Responsibility of Business Is to Increase Its Profits, South Sea Bubble, sovereign wealth fund, special economic zone, Steve Ballmer, Steve Jobs, stock buybacks, Suez crisis 1956, The Chicago School, Thorstein Veblen, too big to fail, Tragedy of the Commons, transfer pricing, two and twenty, vertical integration, Wayback Machine, wealth creators, white picket fence, women in the workforce, zero-sum game
Companies here can relocate across the state line simply by crossing the street, and this has sparked especially fierce local border wars on incentives, even calls for ‘ceasefires’. On a visit to Kansas City one icy December morning in late 2016 I met Blake Schreck, president of the Chamber of Commerce in Lenexa, a municipality in Johnson County on the Kansas side of the border. Soft-spoken and genial, Schreck reminded me of Apple’s founder, Steve Jobs: tall and silver-haired, wearing a polo neck and wire-framed glasses. He operates out of an office in a beautiful white-painted former farmhouse with Harrods-green shutters, set among lush clipped lawns, and his job is to persuade businesses to move to the area: first Lenexa, then Johnson County, then Kansas State.
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John Maynard Keynes, ‘National Self-Sufficiency’, Yale Review, Vol. 22, no. 4 (June 1933), pp. 755–69. 10. For example, the iPhone and iPad were less the result of Steve Jobs’s ‘foolish genius’ than of massive state investment in the revolutionary technologies behind these objects of consumer desire: the Internet, GPS, touch-screen displays and communications technologies. See Mariana Mazzucato, The Entrepreneurial State, Anthem, 2014, particularly Chapter 5, ‘The State behind the iPhone’. For example, Figure 12 on page 92 shows that Apple spent the equivalent of just 2.8 per cent of its sales on research and development between 2006 and 2011, compared to 13.8 per cent for Microsoft.
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‘The foreign investment benefits to Ireland of EU membership are incalculable and enduring.’ A country that had just one stretch of dual carriageway in 1972 was soon transformed into a modern investment hub, criss-crossed with shiny new roads, railways, ports and airports.23 With all this falling into place within just a few years, nothing short of putting the heads of Bill Gates and Steve Jobs on spikes at Dublin airport would have stopped a surge in US multinational investment, whatever the corporate tax incentives. And yet all this raises a question. The bosses of multinationals, the big accounting firms and many others all say that corporate tax-cutting was Ireland’s secret ingredient, but how so?
The Science and Technology of Growing Young: An Insider's Guide to the Breakthroughs That Will Dramatically Extend Our Lifespan . . . And What You Can Do Right Now by Sergey Young
23andMe, 3D printing, Albert Einstein, artificial general intelligence, augmented reality, basic income, Big Tech, bioinformatics, Biosphere 2, brain emulation, caloric restriction, caloric restriction, Charles Lindbergh, classic study, clean water, cloud computing, cognitive bias, computer vision, coronavirus, COVID-19, CRISPR, deep learning, digital twin, diversified portfolio, Doomsday Clock, double helix, Easter island, Elon Musk, en.wikipedia.org, epigenetics, European colonialism, game design, Gavin Belson, George Floyd, global pandemic, hockey-stick growth, impulse control, Internet of things, late capitalism, Law of Accelerating Returns, life extension, lockdown, Lyft, Mark Zuckerberg, meta-analysis, microbiome, microdosing, moral hazard, mouse model, natural language processing, personalized medicine, plant based meat, precision agriculture, radical life extension, Ralph Waldo Emerson, Ray Kurzweil, Richard Feynman, ride hailing / ride sharing, Ronald Reagan, self-driving car, seminal paper, Silicon Valley, stem cell, Steve Jobs, tech billionaire, TED Talk, uber lyft, ultra-processed food, universal basic income, Virgin Galactic, Vision Fund, X Prize
Using advanced scanning technology, microscopes, and mathematics, Anders believes this is entirely possible. These whole-brain emulations could be deployed anywhere—even in multiple places simultaneously. Want to understand quantum physics? Summon up Richard Feynman or Albert Einstein for a chat. Need a visionary business genius to help your company through its next transformation? Download Steve Jobs or Tony Robbins. Throwing a big bash for your 150th birthday party? The members of Aerosmith are at your service, indistinguishable in looks and performance from the originals! These emulations could even continue learning and developing from new information. Sandberg is working hard to develop the technology to make whole-brain emulation a reality so that he and others can continue to learn about the world.
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My good friend Rory Cullinan simply gets on and off his commuter train two stations away from his destination. If you live or work on a reasonably low floor of a high-rise, take the stairs. If your destination is a higher floor, get on and off the elevator halfway and proceed on foot. If you have a lot of face-to-face meetings and phone calls, do “walking meetings” like Steve Jobs and Mark Zuckerberg. According to a 2014 study at Stanford University, walking meetings can even boost creativity by as much as 60 percent.34 When you drop by the store, park as far away from the entrance as possible. (Not only will you walk more but you will also spend less time driving in circles looking for a good parking spot.)
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DIY health diagnostic devices like these are becoming increasingly portable, wearable, implantable, ingestible, and affordable. They are also becoming vastly more sophisticated. In 2018, the FDA granted approval for some of the Apple smart watch functionality, which now includes blood oxygen level readings and an electrocardiogram (ECG) monitoring function, to help detect atrial fibrillation, the most common heart rhythm disorder.25 (In 2019, a doctor friend of mine who travels frequently was called upon five times to assist in an in-flight medical emergency, and he used his Apple Watch to take an ECG every time.) Smart watches like the Samsung Galaxy 3 and the FDA-approved HeartGuide watch from medical device–maker Omron also take blood pressure readings.
The $100 Startup: Reinvent the Way You Make a Living, Do What You Love, and Create a New Future by Chris Guillebeau
Airbnb, big-box store, clean water, digital nomad, do what you love, fixed income, follow your passion, if you build it, they will come, index card, informal economy, Kevin Kelly, Kickstarter, knowledge economy, late fees, messenger bag, Nelson Mandela, price anchoring, Ralph Waldo Emerson, side project, Silicon Valley, Skype, solopreneur, Steve Jobs, Tony Hsieh, web application
Whether a Hollywood movie or the debut of your new sock-knitting class, launches are built primarily through a series of regular communications with prospects and existing customers. Just like the movie executives who release trailers over time (first a short one, then a longer one) and the press events that Apple built up over time with Steve Jobs at the helm (building anticipation for future products to a fever pitch), small businesses can reproduce this cycle in their own way.* Karol Gajda and Adam Baker, two friends with separate businesses in different parts of the country, decided to team up for a big project. Karol had completed an engineering degree from the University of Michigan, but never actually worked as an engineer.
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*Jessica’s business is called Heart Based Bookkeeping, and she likes to call herself a soul proprietor: someone who is emotionally and spiritually invested in her work. †See freelancersunion.org. Others mentioned eHealthInsurance.com and similar sites that offer an instant comparison of rates and plans for any state. HOW TO SUCCEED EVEN IF YOUR ROOF CAVES IN ON YOU. “Your time is limited, so don’t waste it living someone else’s life.” —STEVE JOBS Almost everyone we’ve met in the book so far has some kind of failure-to-success story. In many cases, the story is about a product launch that fell flat, a partnership gone wrong, or the loss of motivation for the wrong project. “I tried something and it didn’t work out … but then I moved on to something else” is a common refrain.
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This practice typically makes a huge difference to the bottom line, because it allows you to increase income without increasing your customer base. Look at Apple, which famously produces very few products and doesn’t bother to compete on price. Even though there are few products, there is always a range of prices and options. You can buy the latest iGadget or computer at the entry level (which, knowing Apple, isn’t cheap), one or more midlevels, or one “superuser” high-end level. The leadership team at Apple—and anyone using a similar model—knows that this kind of pricing allows the company to earn much more money than it otherwise would.
Road to Nowhere: What Silicon Valley Gets Wrong About the Future of Transportation by Paris Marx
2013 Report for America's Infrastructure - American Society of Civil Engineers - 19 March 2013, A Declaration of the Independence of Cyberspace, Airbnb, An Inconvenient Truth, autonomous vehicles, back-to-the-land, Berlin Wall, Bernie Sanders, bike sharing, Californian Ideology, car-free, carbon credits, carbon footprint, cashless society, clean tech, cloud computing, colonial exploitation, computer vision, congestion pricing, corporate governance, correlation does not imply causation, COVID-19, DARPA: Urban Challenge, David Graeber, deep learning, degrowth, deindustrialization, deskilling, Didi Chuxing, digital map, digital rights, Donald Shoup, Donald Trump, Douglas Engelbart, Douglas Engelbart, driverless car, Elaine Herzberg, Elon Musk, energy transition, Evgeny Morozov, Extinction Rebellion, extractivism, Fairchild Semiconductor, Ford Model T, frictionless, future of work, General Motors Futurama, gentrification, George Gilder, gig economy, gigafactory, global pandemic, global supply chain, Google Glasses, Google X / Alphabet X, green new deal, Greyball, high-speed rail, Hyperloop, independent contractor, Induced demand, intermodal, Jane Jacobs, Jeff Bezos, jitney, John Perry Barlow, Kevin Kelly, knowledge worker, late capitalism, Leo Hollis, lockdown, low interest rates, Lyft, Marc Benioff, market fundamentalism, minimum viable product, Mother of all demos, move fast and break things, Murray Bookchin, new economy, oil shock, packet switching, Pacto Ecosocial del Sur, Peter Thiel, pre–internet, price mechanism, private spaceflight, quantitative easing, QWERTY keyboard, Ralph Nader, Richard Florida, ride hailing / ride sharing, Ronald Reagan, safety bicycle, Salesforce, School Strike for Climate, self-driving car, Sidewalk Labs, Silicon Valley, Silicon Valley billionaire, Silicon Valley ideology, Silicon Valley startup, smart cities, social distancing, Southern State Parkway, Steve Jobs, Stewart Brand, Stop de Kindermoord, streetcar suburb, tech billionaire, tech worker, techlash, technological determinism, technological solutionism, technoutopianism, the built environment, The Death and Life of Great American Cities, TikTok, transit-oriented development, transportation-network company, Travis Kalanick, Uber and Lyft, Uber for X, uber lyft, Unsafe at Any Speed, urban planning, urban renewal, VTOL, walkable city, We are as Gods, We wanted flying cars, instead we got 140 characters, WeWork, Whole Earth Catalog, Whole Earth Review, work culture , Yom Kippur War, young professional
We now risk a further deployment of luxury mobility into an already broken transportation system by industry leaders who downplay political problems in favor of technological solutions that fail to grapple with the complexity of the situations into which they are intervening. We cannot allow them to determine our future. 2 Understanding the Silicon Valley Worldview On August 13, 1980, Apple Computer placed an ad in the Wall Street Journal that compared the personal computer to the automobile. It was the first in a three-part series where co-founder Steve Jobs ostensibly set out to explain “the personal computer, and the effects it will have on society,” but it might be better seen as one fragment of a much larger attempt to set the narrative of this new technology. Jobs and other key figures in Silicon Valley’s computing industry had high hopes for the kind of society personal computers might usher in, and they wanted as many people as possible—especially the influential and wealthy readers of the Wall Street Journal—to buy into their vision.
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Its adherents believed social change would happen by engaging in the market and trusting in the process of technological development to empower not only the individual, but also the wider world. The path to a better world was no longer in retreating from society or simply engaging with corporate America, but faith was also put in technology itself as the means to address social and economic challenges. Steve Jobs’s narrative about the personal computer can be seen as a reflection of the Californian Ideology. By downplaying the role of the state in developing the foundational companies and institutions of Silicon Valley in the first place, Jobs made it seem as though the technologies emerging from the Valley and the economic activity that came along with it were the product of technological progress and its commercialization by private companies.
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Jobs and other key figures in Silicon Valley’s computing industry had high hopes for the kind of society personal computers might usher in, and they wanted as many people as possible—especially the influential and wealthy readers of the Wall Street Journal—to buy into their vision. The ad copy, framed as an interview with Jobs, asked readers to: Think of the large computers (the mainframes and the minis) as the passenger train and the Apple personal computer as the Volkswagen. The Volkswagen isn’t as fast or as comfortable as the passenger train. But the VW owners can go where they want, when they want and with whom they want. The VW owners have personal control of the machine. In these few sentences, Jobs linked the personal computer to the most important ideological aspect of the automobile: its association with individual freedom.
The Internet Is a Playground by David Thorne
anti-globalists, Dunning–Kruger effect, Large Hadron Collider, late fees, Naomi Klein, peer-to-peer, Silicon Valley, Steve Jobs
I raised the screen high above my head, effectively looking taller to the bears, and they ran away. I then used the shiny titanium case to signal a rescue plane. My Apple MacBook Pro My MacBook Pro is the 12-inch 400 MHz version. People are stupid paying so much for the Intel Macs. I bought an iBook, painted it silver and used Letraset to write “MacBook Pro” on it. It is exactly the same as a real one, and as I use only Microsoft Word, it suits all my requirements. Letter to Steve Jobs Dear Steve, Thank you for inventing the MacBook Pro. It is my friend and it is my lover. On the next model, could you please write the word “Pro” in bold?
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I apologize without reserve and ask for nothing but your understanding. I hope, in time, you can come to forgive me for such contemptible statements. If I could retract my statements I would, but I do not have a time machine. I wish that I did have a time machine. I would take my MacBook Pro back to 1984 and visit Steve Jobs. After selling my laptop to him for millions I would return to the present. I could do this several times, as each time the present technologies would have changed. It is a flawless plan, I am sure you will agree, lacking only the availability of time/ dimension manipulation technologies. Regards, David From: Richard Matthews Date: Tuesday 6 May 2008 9:02 p.m.
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As it takes me at least two hours to do my hair, I am practically starving by this time and therefore order twice as much food as usual. Ordering more food increases the chance of them leaving something out. Last night it was an apple pie, and that is really the only thing I like from there. It is quite obvious to me that they do this on purpose. Once, I ordered two Big Macs (minus the beef), large fries, and an apple pie. When I got home and opened the bag, there were two happy meals in there. The toy in each was a Kim Possible figurine, which worked out well, as I gave one to my son and kept one myself. For a cartoon character, you have to admit that Kim Possible is quite attractive.
Billion Dollar Burger: Inside Big Tech's Race for the Future of Food by Chase Purdy
"World Economic Forum" Davos, agricultural Revolution, Big Tech, cognitive dissonance, corporate governance, Donald Trump, gig economy, global supply chain, Intergovernmental Panel on Climate Change (IPCC), Jeff Bezos, Marc Benioff, Paris climate accords, Peter Thiel, plant based meat, Salesforce, Silicon Valley, Silicon Valley startup, sovereign wealth fund, stealth mode startup, stem cell, Steve Jobs
“The trends at [JUST] should not be normalized, nor should they be compared to successful companies with intelligent and proven leadership,” one former employee wrote. “What’s happening at [JUST] is a symptom of a very serious disease. And I think we all know what that disease is.” The scathing review continues: “We quit because Josh Tetrick is a lying, manipulative, thin-skinned, attention seeking, reactionary, incompetent, Steve Jobs wannabe who reminds me more and more of a certain ‘tweeting President’ each day, and we all reach a point where we can no longer manage the cognitive dissonance of trying to be a decent person while also enabling a con-man on a daily basis.” Disgruntled employee issues have also veered into the personal.
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I can look around at these people who are here now and I can have more trust.” The milestone event ushered JUST into its next phase, making cell-cultured meat the priority. But is he up to the challenge? Tetrick, who hopes and pushes so hard to be the first to introduce this new meat to kitchen tables, is not the obvious pick to be the poster boy for it. He isn’t a Steve Jobs–style genius. He’s not a master of supply chains like Jeff Bezos. And he doesn’t have the vision of a Bill Gates. And even within his own sphere, he lacks the scientific know-how of Mark Post and many others. Is he capable? Yes. Tenacious? Sure. But the natural leader of this new movement? No.
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(USDA) cell-cultured meat and, 130–31 cell-cultured meat and beef industry, 154–55, 168–78 conflict with FDA, 173–76, 177 egg industry and Just Mayo, 91–92 farm consolidation, 7–8 political lobbying of, 168–74, 176–77 Albright, Curt, 146–47 Aleph Farms, xv, 114, 116–18, 155 Almy, Jessica, 170 Alternative Protein Show, 230 American Civil War, 232 American Egg Board, 90–93 American Meat Science Association, 130–31 American Type Culture Collection (ATCC), 34–35 Amsterdam, 57–58 animal farming. See industrial farming Animal Liberation (Singer), 195 animal rights, 72–75, 78–79, 126, 195 animal welfare, 7–8, 141–46, 151–52, 193 Apple, 108 Apple iPhone, 184 Artemys Foods, 41 artificial intelligence (AI), 153 Artist Management Group, 24 art of cooking, 207–8 Atwood, Margaret, 17, 18 avian cells, 3–4 avian influenza, 25 bacon, 155, 188–89 Balk, Josh in animal rights movement, 72–75, 145 founding of JUST, 9, 80–81 friendship with Tetrick, 69–73, 76–80, 95–96, 98, 231 at Humane Society, 75, 79–80, 84, 88 Just Mayo and Unilever lawsuit, 88 Barber, Jay, 142 Bartiromo, Maria, 161 Battle of the Netherlands, 21 Beck, Danielle, 174 beef industry (beef cattle), 5–8 cell-cultured meat and labeling, 15, 154–58, 162–72, 176–78 environmental impact and climate change, 5–8, 150–51, 197–98 Tetrick’s realizations about, 77–80 Bell Food Group, 122, 123, 166 Benioff, Marc, 82 Benjaminson, Morris Aaron, 25–26 Berrigan, Philip, 141–44 Beyond Meat, 12, 98, 134, 166–67, 223, 235 Bezos, Jeff, 110 Big Ag.
Ludicrous: The Unvarnished Story of Tesla Motors by Edward Niedermeyer
autonomous vehicles, barriers to entry, Bear Stearns, bitcoin, business climate, call centre, carbon footprint, Clayton Christensen, clean tech, Colonization of Mars, computer vision, crowdsourcing, disruptive innovation, Donald Trump, driverless car, Elon Musk, en.wikipedia.org, facts on the ground, fake it until you make it, family office, financial engineering, Ford Model T, gigafactory, global supply chain, Google Earth, housing crisis, hype cycle, Hyperloop, junk bonds, Kaizen: continuous improvement, Kanban, Kickstarter, Lyft, Marc Andreessen, Menlo Park, minimum viable product, new economy, off grid, off-the-grid, OpenAI, Paul Graham, peak oil, performance metric, Ponzi scheme, ride hailing / ride sharing, risk tolerance, Sand Hill Road, self-driving car, short selling, short squeeze, side project, Silicon Valley, Silicon Valley startup, Skype, smart cities, Solyndra, stealth mode startup, Steve Jobs, Steve Jurvetson, tail risk, technoutopianism, Tesla Model S, too big to fail, Toyota Production System, Uber and Lyft, uber lyft, union organizing, vertical integration, WeWork, work culture , Zipcar
According to Ashlee Vance, Musk and Tesla’s design boss, Franz von Holzhausen, discussed the challenge of accessing the rear seats of SUVs and minivans while walking the floor of an auto show and agreed to pursue an innovative solution to this problem for Model X. After reviewing “forty or fifty” door concepts, they settled on what von Holzhausen termed “one of the most radical ones.” As Vance puts it, Like Steve Jobs before him, Musk is able to think up things that consumers did not even know they wanted . . . As he sees it, all of the design and technology choices should be directed toward the goal of making a car as perfect as possible. To the extent that rival automakers haven’t, that’s what Musk is judging.
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There was an awkward pause as one of the drivers appeared to struggle to put his truck in gear, eventually turning to drive away as Musk walked past the front of the crowd, shaking hands. Then, suddenly, the lights and music changed, and it became clear that the presentation was not in fact over. In the tradition of Steve Jobs, Tesla had “one more thing” to show fans, and the air positively crackled with anticipation. A ramp dropped out of the back of one of the stopped trucks, and a low-slung red sports car emerged as the music built to a thunderous crescendo. Tesla’s chief designer, Franz von Holzhausen, pumped his fist out of the open roof of what turned out to be the firm’s next-generation Roadster.
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Speculation spiraled upward, from rumors that Apple would switch its entire lineup to sapphire glass to other speculative applications for GTAT’s technology. When YouTube tech reviewer Marques Brownlee released a video purporting to show a sapphire screen “from Apple’s assembly line,” GTAT stock looked like a no-brainer. But in late 2014, Apple finally announced product details for its new iPhone, and it became clear that it had opted for “ion-strengthened glass” rather than GTAT’s sapphire glass. It turned out that GTAT had been unable to produce sufficient sapphire on the timeline Apple required, and when the contract was canceled, GTAT’s reckless capital structure had brought the company to sudden bankruptcy.
Capitalism in America: A History by Adrian Wooldridge, Alan Greenspan
"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, 2013 Report for America's Infrastructure - American Society of Civil Engineers - 19 March 2013, Affordable Care Act / Obamacare, agricultural Revolution, air freight, Airbnb, airline deregulation, Alan Greenspan, American Society of Civil Engineers: Report Card, Asian financial crisis, bank run, barriers to entry, Bear Stearns, Berlin Wall, Blitzscaling, Bonfire of the Vanities, book value, Bretton Woods, British Empire, business climate, business cycle, business process, California gold rush, Charles Lindbergh, cloud computing, collateralized debt obligation, collective bargaining, Corn Laws, Cornelius Vanderbilt, corporate governance, corporate raider, cotton gin, creative destruction, credit crunch, debt deflation, Deng Xiaoping, disruptive innovation, Donald Trump, driverless car, edge city, Elon Musk, equal pay for equal work, Everybody Ought to Be Rich, Fairchild Semiconductor, Fall of the Berlin Wall, fiat currency, financial deregulation, financial engineering, financial innovation, fixed income, Ford Model T, full employment, general purpose technology, George Gilder, germ theory of disease, Glass-Steagall Act, global supply chain, Great Leap Forward, guns versus butter model, hiring and firing, Ida Tarbell, income per capita, indoor plumbing, informal economy, interchangeable parts, invention of the telegraph, invention of the telephone, Isaac Newton, Jeff Bezos, jimmy wales, John Maynard Keynes: technological unemployment, Joseph Schumpeter, junk bonds, Kenneth Rogoff, Kitchen Debate, knowledge economy, knowledge worker, labor-force participation, land bank, Lewis Mumford, Louis Pasteur, low interest rates, low skilled workers, manufacturing employment, market bubble, Mason jar, mass immigration, McDonald's hot coffee lawsuit, means of production, Menlo Park, Mexican peso crisis / tequila crisis, Michael Milken, military-industrial complex, minimum wage unemployment, mortgage debt, Myron Scholes, Network effects, new economy, New Urbanism, Northern Rock, oil rush, oil shale / tar sands, oil shock, Peter Thiel, Phillips curve, plutocrats, pneumatic tube, popular capitalism, post-industrial society, postindustrial economy, price stability, Productivity paradox, public intellectual, purchasing power parity, Ralph Nader, Ralph Waldo Emerson, RAND corporation, refrigerator car, reserve currency, rising living standards, road to serfdom, Robert Gordon, Robert Solow, Ronald Reagan, Sand Hill Road, savings glut, scientific management, secular stagnation, Silicon Valley, Silicon Valley startup, Simon Kuznets, Social Responsibility of Business Is to Increase Its Profits, South Sea Bubble, sovereign wealth fund, stem cell, Steve Jobs, Steve Wozniak, strikebreaker, supply-chain management, The Great Moderation, The Rise and Fall of American Growth, The Wealth of Nations by Adam Smith, Thomas Malthus, Thorstein Veblen, too big to fail, total factor productivity, trade route, transcontinental railway, tulip mania, Tyler Cowen, Tyler Cowen: Great Stagnation, union organizing, Unsafe at Any Speed, Upton Sinclair, urban sprawl, Vannevar Bush, vertical integration, War on Poverty, washing machines reduced drudgery, Washington Consensus, white flight, wikimedia commons, William Shockley: the traitorous eight, women in the workforce, Works Progress Administration, Yom Kippur War, young professional
By 1981, about two-thirds of all U.S. manufacturing was suburban.22 America became a land of edge cities as back-office functions moved to office parks and retailing moved to shopping malls. IT’S ALWAYS DARKEST BEFORE THE DAWN By the late 1970s, there were stirrings of a better future. The high-tech boom was on the horizon: the young Bill Gates started Microsoft in Albuquerque, New Mexico, in 1975 and Steve Jobs and Steve Wozniak founded Apple in 1976. And America had not lost its talent for creative destruction, even during the decade of malaise. America’s pharmaceutical industry escaped the general decline in management quality: Pfizer continued to invest heavily in R&D and developed a pipeline of blockbuster drugs.
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Fairchild Semiconductor was formed in 1957 when “the traitorous eight” left Shockley Conductor because they couldn’t take Shockley’s abusive management style any longer. The Valley had two other ingredients that proved essential for the commercialization of ideas: a large venture capital industry centered on Sand Hill Road and a ready supply of immigrants. Andy Grove, Intel’s long-term CEO, was a refugee from Hungary. Steve Jobs was the son of a Syrian immigrant (though he was adopted shortly after birth). According to AnnaLee Saxenian, 27 percent of the four thousand companies started between 1990 and 1996 were run by Chinese or Indians (double the proportion in the previous decade). The Valley also pioneered a particularly flexible form of capitalism.
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For all the changes from the railway age to the information age, America still excels compared to the rest of the world in producing entrepreneurs. It sucks in talent from all over the world: Sergey Brin is the son of Russian immigrants, just as Andrew Carnegie was the son of an impoverished Scottish textile weaver. It tolerates failure: one thing that Steve Jobs has in common with Henry Ford (and indeed R. H. Macy and H. J. Heinz) is that he went bankrupt. And it encourages ambition. Mark Twain and Charles Dudley Warner’s contention that “in America nearly every man has his dream, his pet scheme, whereby he is to advance himself socially or pecuniarily” remains as true now as when they wrote it in the preface to The Gilded Age (1873).
file:///C:/Documents%20and%... by vpavan
accounting loophole / creative accounting, activist fund / activist shareholder / activist investor, Alan Greenspan, AOL-Time Warner, asset allocation, Bear Stearns, Berlin Wall, book value, business cycle, buttonwood tree, buy and hold, Carl Icahn, corporate governance, corporate raider, currency risk, disintermediation, diversification, diversified portfolio, Donald Trump, estate planning, financial engineering, fixed income, index fund, intangible asset, interest rate swap, John Bogle, junk bonds, Larry Ellison, margin call, Mary Meeker, money market fund, Myron Scholes, new economy, payment for order flow, price discovery process, profit motive, risk tolerance, shareholder value, short selling, Silicon Valley, Small Order Execution System, Steve Jobs, stocks for the long run, stocks for the long term, tech worker, technology bubble, transaction costs, Vanguard fund, women in the workforce, zero-coupon bond, éminence grise
CHAPTER EIGHT CORPORATE GOVERNANCE AND THE CULTURE OF SEDUCTION Ever since I owned my first Macintosh in 1984, I have been addicted to Apple computers. I now have six Macintoshes and an iPod digital music player, and I occasionally go to conventions of Mac users. I guess I might be called an Apple junkie. You can imagine my delight when Apple CEO Steve Jobs invited me to join his board once I left the SEC in February 2001. At least I was under the impression that he invited me. I flew to San Jose to meet Jobs for breakfast in mid-January. We then went to Apple headquarters, where he introduced me to his management team. After a series of meetings with department heads, Chief Financial Officer Fred Anderson briefed me on the company's finances, the responsibilities of various board members, and the dates of upcoming meetings.
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As generous as that seems, it doesn't compare to Steve Jobs's options and bonus awards that year. In January 2000, Apple's board awarded Jobs 20 million shares, worth $550 million if the share price increased just 5 percent a year over ten years. The board also authorized the company to spend $90 million to buy Jobs a Gulfstream V corporate jet. When Apple's share price declined the next year— pushing Jobs's options underwater (that's when the exercise price exceeds the current market price)— the board simply granted him 7.5 million more options at a much lower exercise price. At the time, Apple shares were underperforming other computer hardware stocks by 28 percent— hardly a ringing endorsement.
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Its proxy statement says only that, considering York's accounting and financial expertise, the board had determined that his service on the audit committee "is in the best interest" of Apple and its shareholders. To me, the Apple board has even more flaws. The chairman of Apple's audit committee is former Intuit CEO Bill Campbell. Not only is Campbell a former Apple marketing and sales executive, but Apple in 1990 bought out the software company, Claris Corp., that Campbell started after leaving Apple. Under the current stock exchange listing standards, Campbell qualifies as an independent director because his Apple ties ended more than three years ago. But no matter how conscientious a director is, it's difficult to switch loyalties from one's former colleagues to shareholders.
Chokepoint Capitalism by Rebecca Giblin, Cory Doctorow
Aaron Swartz, AltaVista, barriers to entry, Berlin Wall, Bernie Sanders, Big Tech, big-box store, Black Lives Matter, book value, collective bargaining, commoditize, coronavirus, corporate personhood, corporate raider, COVID-19, disintermediation, distributed generation, Fairchild Semiconductor, fake news, Filter Bubble, financial engineering, Firefox, forensic accounting, full employment, gender pay gap, George Akerlof, George Floyd, gig economy, Golden age of television, Google bus, greed is good, green new deal, high-speed rail, Hush-A-Phone, independent contractor, index fund, information asymmetry, Jeff Bezos, John Gruber, Kickstarter, laissez-faire capitalism, low interest rates, Lyft, Mark Zuckerberg, means of production, microplastics / micro fibres, Modern Monetary Theory, moral hazard, multi-sided market, Naomi Klein, Network effects, New Journalism, passive income, peak TV, Peter Thiel, precision agriculture, regulatory arbitrage, remote working, rent-seeking, ride hailing / ride sharing, Robert Bork, Saturday Night Live, shareholder value, sharing economy, Silicon Valley, SoftBank, sovereign wealth fund, Steve Jobs, Steven Levy, stock buybacks, surveillance capitalism, Susan Wojcicki, tech bro, tech worker, The Chicago School, The Wealth of Nations by Adam Smith, TikTok, time value of money, transaction costs, trickle-down economics, Turing complete, Uber and Lyft, uber lyft, union organizing, Vanguard fund, vertical integration, WeWork
CHAPTER 10 WHY FORTNITE SUED APPLE When it released the first iPhone in 2007, Apple made things: software, yes, but mostly hardware—shiny, cutting-edge products that aimed to change the way people interacted with the world. The following year, Apple introduced its App Store as a kind of afterthought. Steve Jobs made it clear this wasn’t meant to be a revenue-center—“We don’t intend to make any money off the App Store”—but rather a feature that would help it sell more devices by attracting more developers and more apps. Users would not be able to install software from any other source, which Apple said was to keep them safe from malicious programs.
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For those who had built up iTunes libraries, this raised the cost of switching to an alternative brand, since they would have to repurchase all their content, making them more inclined to stay put (to be clear, copyright law permits you to play your music on devices other than the one it was originally sold for, but because Apple wouldn’t license its DRM technology its customers were stuck). When RealMedia released software that let people play DRM–wrapped music from a different store on iPods, Apple accused it of hacker tactics, threatened litigation under the DMCA, and shut the software down. These strategies paid off. Within five years, Apple controlled 88 percent of the legal download market,18 and quickly became the number one music retailer US-wide, outselling even Walmart.19 By insisting on DRM, the record labels made Steve Jobs a powerful gatekeeper between themselves and their customers.
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As we saw, streaming companies pay out close to 70 percent of subscription fees to copyright holders; if they give Apple the remaining 30 percent, there would be nothing left to keep the lights on. Spotify’s initial response to the toll was to charge a higher price to Apple users, but this just helped boost Apple’s position by making its own product, Apple Music, relatively cheaper on iOS. (Apple helps itself by self-preferencing too: its own apps are the top App Store results when people search for content like music, books, and audio titles.)7 By 2016, the 30 percent rate on ongoing subscriptions became too embarrassing for even Apple to sustain, and the company reduced it to 15 percent after the first year.8 By way of comparison, credit card processing usually costs between 2 and 3 percent, so that’s still a huge amount for a basic service that could easily and cheaply be offered in other ways.
A World Without Work: Technology, Automation, and How We Should Respond by Daniel Susskind
"World Economic Forum" Davos, 3D printing, agricultural Revolution, AI winter, Airbnb, Albert Einstein, algorithmic trading, AlphaGo, artificial general intelligence, autonomous vehicles, basic income, Bertrand Russell: In Praise of Idleness, Big Tech, blue-collar work, Boston Dynamics, British Empire, Capital in the Twenty-First Century by Thomas Piketty, cloud computing, computer age, computer vision, computerized trading, creative destruction, David Graeber, David Ricardo: comparative advantage, deep learning, DeepMind, Demis Hassabis, demographic transition, deskilling, disruptive innovation, Donald Trump, Douglas Hofstadter, driverless car, drone strike, Edward Glaeser, Elon Musk, en.wikipedia.org, Erik Brynjolfsson, fake news, financial innovation, flying shuttle, Ford Model T, fulfillment center, future of work, gig economy, Gini coefficient, Google Glasses, Gödel, Escher, Bach, Hans Moravec, income inequality, income per capita, industrial robot, interchangeable parts, invisible hand, Isaac Newton, Jacques de Vaucanson, James Hargreaves, job automation, John Markoff, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, John von Neumann, Joi Ito, Joseph Schumpeter, Kenneth Arrow, Kevin Roose, Khan Academy, Kickstarter, Larry Ellison, low skilled workers, lump of labour, machine translation, Marc Andreessen, Mark Zuckerberg, means of production, Metcalfe’s law, natural language processing, Neil Armstrong, Network effects, Nick Bostrom, Occupy movement, offshore financial centre, Paul Samuelson, Peter Thiel, pink-collar, precariat, purchasing power parity, Ray Kurzweil, ride hailing / ride sharing, road to serfdom, Robert Gordon, Sam Altman, Second Machine Age, self-driving car, shareholder value, sharing economy, Silicon Valley, Snapchat, social intelligence, software is eating the world, sovereign wealth fund, spinning jenny, Stephen Hawking, Steve Jobs, strong AI, tacit knowledge, technological solutionism, TED Talk, telemarketer, The Future of Employment, The Rise and Fall of American Growth, the scientific method, The Theory of the Leisure Class by Thorstein Veblen, The Wealth of Nations by Adam Smith, Thorstein Veblen, Travis Kalanick, Turing test, Two Sigma, Tyler Cowen, Tyler Cowen: Great Stagnation, universal basic income, upwardly mobile, warehouse robotics, Watson beat the top human players on Jeopardy!, We are the 99%, wealth creators, working poor, working-age population, Y Combinator
The economic historian Joel Mokyr, for instance, writes that “the future will surely bring new products that are currently barely imagined, but will be viewed as necessities by the citizens of 2050 or 2080.”12 The economist David Dorn, likewise, argues that technological progress will “generate new products and services that raise national income and increase overall demand for labour in the economy.”13 And David Autor compellingly points out how unlikely it is “that farmers at the turn of the twentieth century could foresee that one hundred years later, health care, finance, information technology, consumer electrics, hospitality, leisure and entertainment would employ far more workers than agriculture.”14 It is true that people in the future are likely to have different wants and needs than we do, perhaps even to demand things that are unimaginable to us today. (In the words of Steve Jobs, “consumers don’t know what they want until we’ve shown them.”)15 Yet it is not necessarily true that this will lead to a greater demand for the work of human beings. Again, this will only be the case if human beings are better placed than machines to perform the tasks that have to be done to produce those goods.
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Just 16 percent of Americans think a four-year degree prepares students “very well” for a well-paying job.21 In part, this may have been prompted by the fact that many of today’s most successful entrepreneurs dropped out from these sorts of institutions. The list of nongraduates is striking: Sergey Brin and Larry Page left Stanford University; Elon Musk did likewise; Bill Gates and Mark Zuckerberg left Harvard University; Steve Jobs left Reed College; Michael Dell left the University of Texas; Travis Kalanick left the University of California; Evan Williams and Jack Dorsey left the University of Nebraska and New York University, respectively; Larry Ellison left both the University of Illinois and the University of Chicago; Arash Ferdowsi (cofounder of DropBox) left MIT; and Daniel Ek (cofounder of Spotify) left the Royal Institute of Technology.22 This list could go on.
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Nicole Chavez, “Arkansas Judge Drops Murder Charge in Amazon Echo Case,” CNN, 2 December 2017. 47. J. Susskind, Future Politics, p. 236; the “Inconvenient Facts” app, at https://apps.apple.com/us/app/inconvenient-facts/id1449892823?ls=1 (accessed June 2019); Josh Begley, “After 12 Rejections, Apple Accepts App That Tracks U.S. Drone Strikes,” Intercept, 28 March 2017; Ben Hubbard, “Apple and Google Urged to Dump Saudi App That Lets Men Track Women,” New York Times, 13 February 2019. 48. Arash Khamooshi, “Breaking Down Apple’s iPhone Fight with the U.S. Government,” New York Times, 21 March 2016. Also see J. Susskind, Future Politics, p. 155. 49.
Secrets of the Autistic Millionaire: Everything I Know Now About Autism and Asperger's That I Wish I'd Known Then by David William Plummer
Albert Einstein, autism spectrum disorder, coronavirus, epigenetics, Jeff Bezos, lockdown, Mark Zuckerberg, mirror neurons, neurotypical, selective serotonin reuptake inhibitor (SSRI), side project, Steve Jobs, TED Talk, theory of mind, traumatic brain injury, wikimedia commons
The first is to give you a better understanding of high-functioning individuals with autism –– the real Sheldon Coopers* of the world, if you will. I want you to understand what makes us tick, what we think, why we think it, how we act upon it, and why we do it that way. From there the book "I'm convinced that about half of what separates successful entrepreneurs from the non-successful ones is pure perseverance." Steve Jobs will take an in-depth look at some important autism A fictional character from the television show “The Big Bang Theory” that was widely assumed to be on the autism spectrum. * 11 topics, often from multiple perspectives. For example, the chapter on employment considers both what it means to be managed by an autistic manager as well as what it takes to manage an autistic employee.
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For a number of years, I actually did, until one day I realized there’s something even more powerful than either. And that, of course, is both in combination. A society sparked by the creativity of a few unique individuals and then fueled by the cooperation of the neurotypical. We don’t all need to, as Steve Jobs put it, “Think Different”. But it helps a great deal if at least a few do. I’m not sure how other minds work since I’ve only experienced my own. But mine is very 3D and visual. For example, a computer program like the Windows Task Manager is really a complete little machine constructed in code.
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Each day, I wake up knowing that a billion little copies of the machine that I dreamed up in my head are humming away on desktops worldwide. Believe it not, for someone like myself, that’s way bigger than a stadium of cheering fans. So, if you’re running Windows, press CTRL-SHIFT-ESC and “Say Hello to my Little Friend!” 315 Sources Photo of Steve Jobs, page 11 Credit: Date: Source: Modifications: Matthew Riegler 17 June 2007 Wikimedia Commons Subject masked and mirrored Photo of David Plummer, page 97 Credit: Date: Janet Plummer 1969 Central Coherence Illustration, page 157 Credit: Temple Grandin. Ph.D. Source: TED Talk Used with Permission Ikigai Illustration, page 306 Credit: Date: Modifications: Eric Plummer 4 Oct 2021 Text callouts added About the Author According to Wikipedia, “David William Plummer is a Canadian-American programmer and entrepreneur.
A Life Less Throwaway: The Lost Art of Buying for Life by Tara Button
behavioural economics, circular economy, clean water, collaborative consumption, David Attenborough, delayed gratification, Downton Abbey, Fairphone, gamification, Great Leap Forward, hedonic treadmill, Internet of things, Kickstarter, life extension, lock screen, Mark Zuckerberg, Mason jar, meta-analysis, period drama, planned obsolescence, Rana Plaza, retail therapy, Stanford marshmallow experiment, Steve Jobs, TED Talk, thinkpad
Not only has it saved her countless hours and dollars, it’s also freed up brain space for her to be creative and released her from the pressure and stress of dressing to impress every morning. It’s a strategy employed by some of the world’s greatest thinkers to allow them to focus on what’s important. Steve Jobs famously bought 100 Issey Miyake black turtlenecks, enough to last him a lifetime, and Mark Zuckerberg’s grey T-shirt and hoodie combo has become iconic. But there’s no need for a work uniform to be boring. The head of Pixar wears a raucously loud Hawaiian shirt every day. How do you choose a work uniform?
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I’ll be mentioning specific brands when I feel it’s appropriate, but this is just to give examples of what good quality looks like, not a mandate to rush out and buy that brand. Also, please take the idea of finding ‘perfection’ off the table. Everything you bring into your life is imperfect, from your lover to your toothbrush, and looking for perfection will just make you miserable. Steve Jobs spent a decade deciding on a sofa and had no furniture in his home at all because he couldn’t find any that met his standards of perfection. Don’t do a Steve. All you can do is make the best choice you can in the time you’ve allocated, using the knowledge you have. If you tend to get in too deep with research, allocate a specific amount of research time.
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But it’s also left us with a poisoned and polluted planet and allowed us to harm each other at an increasing rate and distance. It’s worth questioning our upgrading impulses and thinking through the implications of it. Technology companies turn to psychological obsolescence to make us upgrade whether the new product is significantly better or not. There’s no real reason why Apple should launch new products every year, but mostly we accept this unquestioningly. Start to question it. This is vital, because the lifespans of these products are now shorter than ever, and electrical waste is growing at a scary rate. Eight per cent of our household waste is now electronic10 and 42 million tons of it was generated in 2014.11 Much of it still works perfectly.
All Your Base Are Belong to Us: How Fifty Years of Video Games Conquered Pop Culture by Harold Goldberg
activist lawyer, Alexey Pajitnov wrote Tetris, Apple II, cellular automata, Columbine, Conway's Game of Life, Fairchild Semiconductor, G4S, game design, Ian Bogost, In Cold Blood by Truman Capote, Mars Rover, Mikhail Gorbachev, PalmPilot, Ralph Waldo Emerson, Ray Oldenburg, Saturday Night Live, Silicon Valley, SimCity, Steve Jobs, Steve Wozniak, The Great Good Place, Thorstein Veblen, urban planning
The computers, although fairly expensive, almost sold themselves, so much so that in his four years at Apple, Hawkins became a rich man with a niche he carefully carved for himself and his team: selling the computers to medium and large businesses. By 1981, the self-described computer nerd had developed the smoothest of swaggers and an indestructible yet affable egotism that would lead him to say with a wink that he was “smarter than Bill Gates and better looking than Steve Jobs.” When he wasn’t selling computers, he was thinking about computer games. Late into the night, when his marketing work at Apple was done, he would loosen his tie and sit down at his Apple II to map out a business plan for a new company without a name.
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In 1975 that plastic hadn’t been worthless at all. It was precious gold to the principals of Atari, and it would only become more valuable as the decade progressed. Atari’s arcade business was still thriving, and Home Pong exceeded sales expectations, and demand exceeded supply. Alcorn hired an unkempt and unshaven Steve Jobs, who in turn asked his best friend, the diffident genius Steve Wozniak, for help with what would be one of Atari’s most popular additions to its ever expanding library. Without telling Alcorn, Bushnell asked Jobs to help him streamline the innards of a brick-breaking arcade game called Breakout.
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When he finished, he still couldn’t find the right job in the nascent world of games. So he took at job at Apple Computer. As employee number sixty-eight and the company’s inaugural MBA, Hawkins was the first person at Apple to tackle the job of marketing. Within a year, Hawkins had worked his way up to an executive position at Apple. He was in the right place at the right time. Apple was the “it” company. Like Apple today, with the iPod and iPhone, the company could do little wrong. The media hyped the Apple II personal computers, and business (“an elixir for U.S. industry,” glowed the New York Times) and families loved the quality the technicians put into each piece of equipment.
Tribe of Mentors: Short Life Advice From the Best in the World by Timothy Ferriss
"World Economic Forum" Davos, 23andMe, A Pattern Language, agricultural Revolution, Airbnb, Albert Einstein, Alvin Toffler, Bayesian statistics, bitcoin, Black Lives Matter, Black Swan, blockchain, Brownian motion, Buckminster Fuller, Clayton Christensen, cloud computing, cognitive dissonance, Colonization of Mars, corporate social responsibility, cryptocurrency, David Heinemeier Hansson, decentralized internet, dematerialisation, do well by doing good, do what you love, don't be evil, double helix, driverless car, effective altruism, Elon Musk, Ethereum, ethereum blockchain, family office, fear of failure, Gary Taubes, Geoffrey West, Santa Fe Institute, global macro, Google Hangouts, Gödel, Escher, Bach, haute couture, helicopter parent, high net worth, In Cold Blood by Truman Capote, income inequality, index fund, information security, Jeff Bezos, job satisfaction, Johann Wolfgang von Goethe, Kevin Kelly, Lao Tzu, Larry Ellison, Law of Accelerating Returns, Lyft, Mahatma Gandhi, Marc Andreessen, Marc Benioff, Marshall McLuhan, Max Levchin, Mikhail Gorbachev, minimum viable product, move fast and break things, Mr. Money Mustache, Naomi Klein, Neal Stephenson, Nick Bostrom, non-fiction novel, Peter Thiel, power law, profit motive, public intellectual, Ralph Waldo Emerson, Ray Kurzweil, Salesforce, Saturday Night Live, Sheryl Sandberg, side project, Silicon Valley, Skype, smart cities, smart contracts, Snapchat, Snow Crash, Steve Jobs, Steve Jurvetson, Steven Pinker, Stewart Brand, sunk-cost fallacy, TaskRabbit, tech billionaire, TED Talk, Tesla Model S, too big to fail, Turing machine, uber lyft, Vitalik Buterin, W. E. B. Du Bois, web application, Whole Earth Catalog, Y Combinator
Quotes I’m Pondering (Tim Ferriss: Sept. 18–Oct. 2, 2015) “People think focus means saying yes to the thing you’ve got to focus on. But that’s not what it means at all. It means saying no to the hundred other good ideas that there are. You have to pick carefully. I’m actually as proud of the things we haven’t done as the things I have done. Innovation is saying no to 1,000 things.” –Steve Jobs Co-founder and former CEO of Apple “What you seek is seeking you.” –Rumi 13th-century Persian poet and Sufi master “Anyone who lives within their means suffers from a lack of imagination.” –Oscar Wilde Irish writer, author of The Picture of Dorian Gray “In order to ‘have’ you must ‘do,’ and in order to ‘do’ you must ‘be.’”
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And then some small percentage of people will paddle over to the lane next to chaos, the place where you find novelists Robert Pirsig and David Foster Wallace, investors like Mike Burry or Eddie Lampert, or entrepreneurs like Steve Jobs and Elon Musk. I experience them as consistently “asserting reality” through their powerful storytelling, while always bearing the risk that their egos grow too big and their creative narcissism becomes too well defended. They can lose their feedback loop with reality and flop onto the bank of chaos. Through this lens, Pirsig’s wrestling with his sanity toward the end of his life, Steve Jobs’ magical thinking about his illness, and Eddie Lampert’s Ayn Randian framing of his investment in Sears may all have been examples of strong poets losing their feel for where they can mythologize to the point of bending our collective reality and where they suddenly appear crazy.
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When I came back to Silicon Valley, I didn’t get a general partner offer from the venture firms I cared most about, so I ended up starting one called Floodgate. Floodgate is doing awesome, and I am thankful every day that I didn’t get what I “wanted.” I love that Bill Campbell’s [called “the coach,” a famous mentor to tech icons like Steve Jobs, Jeff Bezos, and Larry Page] favorite song was “You Can’t Always Get What You Want” by the Rolling Stones. There is so much wisdom in that song. Sometimes . . . not getting what you want opens the door to getting what you need. If you could have a gigantic billboard anywhere with anything on it, what would it say?
Throwing Rocks at the Google Bus: How Growth Became the Enemy of Prosperity by Douglas Rushkoff
activist fund / activist shareholder / activist investor, Airbnb, Alan Greenspan, algorithmic trading, Amazon Mechanical Turk, Andrew Keen, bank run, banking crisis, barriers to entry, benefit corporation, bitcoin, blockchain, Burning Man, business process, buy and hold, buy low sell high, California gold rush, Capital in the Twenty-First Century by Thomas Piketty, carbon footprint, centralized clearinghouse, citizen journalism, clean water, cloud computing, collaborative economy, collective bargaining, colonial exploitation, Community Supported Agriculture, corporate personhood, corporate raider, creative destruction, crowdsourcing, cryptocurrency, data science, deep learning, disintermediation, diversified portfolio, Dutch auction, Elon Musk, Erik Brynjolfsson, Ethereum, ethereum blockchain, fiat currency, Firefox, Flash crash, full employment, future of work, gamification, Garrett Hardin, gentrification, gig economy, Gini coefficient, global supply chain, global village, Google bus, Howard Rheingold, IBM and the Holocaust, impulse control, income inequality, independent contractor, index fund, iterative process, Jaron Lanier, Jeff Bezos, jimmy wales, job automation, Joseph Schumpeter, Kickstarter, Large Hadron Collider, loss aversion, low interest rates, Lyft, Marc Andreessen, Mark Zuckerberg, market bubble, market fundamentalism, Marshall McLuhan, means of production, medical bankruptcy, minimum viable product, Mitch Kapor, Naomi Klein, Network effects, new economy, Norbert Wiener, Oculus Rift, passive investing, payday loans, peer-to-peer lending, Peter Thiel, post-industrial society, power law, profit motive, quantitative easing, race to the bottom, recommendation engine, reserve currency, RFID, Richard Stallman, ride hailing / ride sharing, Ronald Reagan, Russell Brand, Satoshi Nakamoto, Second Machine Age, shareholder value, sharing economy, Silicon Valley, Snapchat, social graph, software patent, Steve Jobs, stock buybacks, TaskRabbit, the Cathedral and the Bazaar, The Future of Employment, the long tail, trade route, Tragedy of the Commons, transportation-network company, Turing test, Uber and Lyft, Uber for X, uber lyft, unpaid internship, Vitalik Buterin, warehouse robotics, Wayback Machine, Y Combinator, young professional, zero-sum game, Zipcar
Developers could gather in someone’s garage and live on pizza and soda as they wrote software and games or prototyped devices and hardware.41 These were generally ideas that could not get investment capital because they depended on consumer demand that didn’t exist yet. Two kids and a decent computer didn’t really need capital to build the next big thing. And while their inventions changed the culture, the companies created by Steve Jobs, Steve Case, Bill Gates, and Mitch Kapor made millionaires out of their founders and first employees. Sure, there were a few friends and industry insiders who had thrown in a little seed money and reaped real rewards, but the process was opaque to the vast majority of the investment community, who were generally shut out of all this until shares became public.
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Remember, the venture capitalists got burned by a lot of these kids early on—in either the dot-com bust or the first social media startup bubble. They did not understand digital technology or networking—only that there was something going on that would be big someday. They were forced to nod and accept whatever young tech mavericks like Steve Jobs or Sean Parker were telling them. Not so anymore. Today, it’s the funders who call the shots and the young developers who hang on their every word. These kids, who may have been in a college classroom just a few weeks earlier, now treat their investors with the same reverence they once bestowed upon their professors.
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Many of us are actually willing to pay for the things we want—such as HBO or Netflix—rather than waste our time on free products and experiences that exist for no other purpose than to mine our data. Google’s model of giving away everything in return for our looking at their ads and sharing all our data may be losing ground to Apple’s “walled garden” model of paid apps and fee-for-service offerings. There’s certainly room in the ecosystem for both options. We just have to hope that it’s not only the wealthy who enjoy the luxury of choosing between them. So far, the Wall Street Journal, which caters to businessmen on expense accounts,29 is doing much better at extracting fees from its readers than the New York Times, whose paywall is derided by its largely leftist audience as vociferously as if it were a violation of the Bill of Rights’ provision for a free press.30 Those who ask for an honest day’s wage for an honest day’s work online are treated as the enemies of the free and open net.
An Ugly Truth: Inside Facebook's Battle for Domination by Sheera Frenkel, Cecilia Kang
"World Economic Forum" Davos, 2021 United States Capitol attack, affirmative action, augmented reality, autonomous vehicles, Ben Horowitz, Bernie Sanders, Big Tech, Black Lives Matter, blockchain, Cambridge Analytica, clean water, coronavirus, COVID-19, data science, disinformation, don't be evil, Donald Trump, Edward Snowden, end-to-end encryption, fake news, George Floyd, global pandemic, green new deal, hockey-stick growth, Ian Bogost, illegal immigration, immigration reform, independent contractor, information security, Jeff Bezos, Kevin Roose, Marc Andreessen, Marc Benioff, Mark Zuckerberg, Menlo Park, natural language processing, offshore financial centre, Parler "social media", Peter Thiel, QAnon, RAND corporation, ride hailing / ride sharing, Robert Mercer, Russian election interference, Salesforce, Sam Altman, Saturday Night Live, Sheryl Sandberg, Shoshana Zuboff, Silicon Valley, Snapchat, social web, Steve Bannon, Steve Jobs, Steven Levy, subscription business, surveillance capitalism, TechCrunch disrupt, TikTok, Travis Kalanick, WikiLeaks
But industry watchers are now questioning whether that growth will ever translate into Google-size revenue.”10 At the time of Sandberg’s appointment, the company’s four hundred employees occupied several offices around University Avenue, an upscale thoroughfare of boutiques and restaurants in Palo Alto that was within walking distance of the juniper- and palm-lined campus of Stanford University. Apple CEO Steve Jobs lived nearby and was sometimes seen walking in the neighborhood in his trademark black turtleneck and jeans. The office culture hadn’t changed much since the company’s earliest days. Half-consumed bottles of Gatorade and Snapple populated workstations that held stacks of coding books. Employees rode scooters and RipStiks down the halls.
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Chamath Palihapitiya, the head of growth; Kang-Xing Jin, a software engineer whom Zuckerberg had met at Harvard; and Matt Cohler, the head of product management, rounded out the group.14 Zuckerberg had gone on a rare extended vacation. The site had become global and had just launched in Spanish, with 2.8 million users in Latin America and Spain, but he himself had limited life experience and exposure outside his bubbles of Dobbs Ferry, Exeter, Harvard, and Silicon Valley. Steve Jobs, who had become a mentor or sorts, taking Zuckerberg on a few long walks in the hills behind Stanford University, encouraged him to see the world. Zuckerberg set off on a one-month trip, with stops in Germany, Turkey, Japan, and India, where he spent time at an ashram that Jobs had suggested he visit.
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The post was titled “Is Connectivity a Human Right?,” and in it, he announced that Facebook, already the world’s biggest communications network, with 1.15 billion users, was aiming to reach the next 5 billion customers.5 It was his moonshot, a personal ambition that would put him in the company of tech visionaries like his mentors, Steve Jobs, who had revolutionized mobile computing in 2007 with the iPhone, and Bill Gates, who had transformed global philanthropy after revolutionizing personal computing. People close to Zuckerberg said he was frustrated with the negative press around his first major effort at philanthropy, a $100 million donation to the Newark, New Jersey, public school system in 2010 for education reforms.
Economists and the Powerful by Norbert Haring, Norbert H. Ring, Niall Douglas
accounting loophole / creative accounting, Affordable Care Act / Obamacare, Alan Greenspan, Albert Einstein, asset allocation, bank run, barriers to entry, Basel III, Bear Stearns, Bernie Madoff, book value, British Empire, buy and hold, central bank independence, collective bargaining, commodity trading advisor, compensation consultant, corporate governance, creative destruction, credit crunch, Credit Default Swap, David Ricardo: comparative advantage, diversified portfolio, financial deregulation, George Akerlof, illegal immigration, income inequality, inflation targeting, information asymmetry, Jean Tirole, job satisfaction, Joseph Schumpeter, Kenneth Arrow, knowledge worker, land bank, law of one price, light touch regulation, Long Term Capital Management, low interest rates, low skilled workers, mandatory minimum, market bubble, market clearing, market fundamentalism, means of production, military-industrial complex, minimum wage unemployment, Money creation, moral hazard, new economy, obamacare, old-boy network, open economy, Pareto efficiency, Paul Samuelson, pension reform, Ponzi scheme, price stability, principal–agent problem, profit maximization, purchasing power parity, Renaissance Technologies, Robert Solow, rolodex, Savings and loan crisis, Sergey Aleynikov, shareholder value, short selling, Steve Jobs, The Chicago School, the payments system, The Wealth of Nations by Adam Smith, too big to fail, Tragedy of the Commons, transaction costs, ultimatum game, union organizing, Vilfredo Pareto, working-age population, World Values Survey
They proved that the boards and CEOs of dozens of large companies routinely changed the dates of option grants retroactively, conferring big benefits to the recipients to the detriment of shareholders (Ritter 2008). A prominent beneficiary of the option backdating game was Steve Jobs of the computer manufacturer Apple, who famously was paid a salary of just US$1 annually. On January 19, 2000, the company announced that it had a week earlier granted its CEO the option to buy ten million shares at the stock price of the grant date, which was US$87. By the time of the announcement, the stock price had risen to US$106. In that week alone, the options had gained roughly US$140 million in value. Apple had to admit seven years later that the dates of many option grants had been chosen retroactively and that board documents had been falsified to conceal this fact.
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Apple had to admit seven years later that the dates of many option grants had been chosen retroactively and that board documents had been falsified to conceal this fact. While several top managers of Apple had to resign over the scandal, Steve Jobs escaped legal censure (Ritter 2008). The most notorious case was that of William McGuire, CEO of United Health Group, who lost his job because of option backdating accusations in 2006. McGuire settled to end two civil lawsuits by paying back the astronomical sum of US$620 million. Still he did not end up poor. According to the Wall Street Journal, he still owned options with a market value of US$800 million upon his departure (Lattman 2007).
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Rather than saying that the hungry derive more utility from eating their first piece of bread than from eating their fifth piece, they would now say that they would be willing to give up more of some other good to obtain the first apple than they would to obtain the fifth apple (proponents of this theory generally prefer the apple example, because apples arguably do not 14 ECONOMISTS AND THE POWERFUL carry the inconvenient connotation of existential need that bread does). If that other good is the generic good money, this new concept (called the marginal rate of substitution) looks very similar to the concept of marginal utility. However, there is one very important difference: if the problem is framed like that, one will no longer be inclined to conclude that the apple is worth more to a poor person than to a rich person, thus implying that a poor and hungry person is not necessarily more likely to give up more money to obtain an apple than a rich and well-fed person is.
Merchants of Truth: The Business of News and the Fight for Facts by Jill Abramson
"World Economic Forum" Davos, 23andMe, 4chan, Affordable Care Act / Obamacare, Alexander Shulgin, Apple's 1984 Super Bowl advert, barriers to entry, Bernie Madoff, Bernie Sanders, Big Tech, Black Lives Matter, Cambridge Analytica, Charles Lindbergh, Charlie Hebdo massacre, Chelsea Manning, citizen journalism, cloud computing, commoditize, content marketing, corporate governance, creative destruction, crowdsourcing, data science, death of newspapers, digital twin, diversified portfolio, Donald Trump, East Village, Edward Snowden, fake news, Ferguson, Missouri, Filter Bubble, future of journalism, glass ceiling, Google Glasses, haute couture, hive mind, income inequality, information asymmetry, invisible hand, Jeff Bezos, Joseph Schumpeter, Khyber Pass, late capitalism, Laura Poitras, Marc Andreessen, Mark Zuckerberg, move fast and break things, Nate Silver, new economy, obamacare, Occupy movement, Paris climate accords, performance metric, Peter Thiel, phenotype, pre–internet, race to the bottom, recommendation engine, Robert Mercer, Ronald Reagan, Saturday Night Live, self-driving car, sentiment analysis, Sheryl Sandberg, Silicon Valley, Silicon Valley ideology, Silicon Valley startup, skunkworks, Snapchat, social contagion, social intelligence, social web, SoftBank, Steve Bannon, Steve Jobs, Steven Levy, tech billionaire, technoutopianism, telemarketer, the scientific method, The Wisdom of Crowds, Tim Cook: Apple, too big to fail, vertical integration, WeWork, WikiLeaks, work culture , Yochai Benkler, you are the product
On January 9, 2007, a scruffy, owl-eyed man in a turtleneck whose lab had produced the Mac, the mouse, the laptop, iTunes, and the iPod strode onto a stage in San Francisco to announce his most innovative and disruptive invention yet. “iPhone is a revolutionary and magical product that is literally five years ahead of any other mobile phone,” Apple CEO Steve Jobs announced. The release date was set for June—expectant techies marked their calendars for “iDay”—and as the day approached, thousands took their spot in lines outside Apple stores across the country for the privilege of spending $499, or $599 for the deluxe model, on what early testers had already dubbed the “Jesus Phone.” For journalism, the iPhone meant that readers would never again be more than a few swipes away from the latest story.
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Native advertising, once a panacea, was now an area where everyone in the news media was competing for ad dollars. Peretti, once a native purist, announced that BuzzFeed would accept the programmatic ads he once considered clutter. Peter Lattman saw the numbers. He was the top media advisor to Laurene Powell Jobs, the widow of Apple founder Steve Jobs, whose business, the Emerson Collective, had acquired Atlantic Media. Jobs had considered other media ventures too, and Lattman, who had once directed media coverage for the New York Times, knew Peretti fairly well. BuzzFeed’s news operation, which Peretti had spun off into a separate division, might be an interesting investment, either as a minority stake or an outright purchase, if Peretti wanted to dump his unprofitable and large, 300-plus employee news operation.
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The internet was killing off newspapers, and because of his stature—he was a member of the Pulitzer board and a regular at the invitation-only Allen & Co. media mogul conclave in Sun Valley—the rest of the industry looked to him for answers. Graham was a genuine internet enthusiast, and though his tastes remained old school, observing his four children, he could tell that younger people read practically everything on computers and then, when Steve Jobs rolled out the iPhone, on smartphones. During the dawn of digital media, he also had the benefit of a few smart, forward-looking business advisors working under him, like Christopher Ma, who in 1996 became both the editor and the developer of the Post’s website and later took charge of all digital business development.
Comedy Sex God by Pete Holmes
Burning Man, Haight Ashbury, Maui Hawaii, Rubik’s Cube, Steve Jobs, TED Talk
I would wear acid-washed jeans, bright white Andre Agassi tennis shoes, and a zebra-print slap bracelet I kept on for way longer than the trend lasted. Topping off the look, I’d spray and then walk into two pumps of Drakkar Noir before clasping into place a gold chain attached to a gold crucifix that some days I rocked on the outside of a black turtleneck, making me look somewhere in between Steve Jobs and a nun. I was trying very hard—and failing—to fit in. I was loud, gap toothed, and awkward, the only boy in the class with a second chin like a pelican storing a fish for later and boob shadow. I wasn’t that heavy, but I was the fattest kid in my grade, which by junior high rules makes you the fat kid.
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I made the understandable mistake of starting with Ram Dass’s seminal work, Be Here Now, the 1978 spiritual classic printed in wild, irregular type on square, crispy brown paper that you read holding sideways like a Playboy centerfold. I didn’t know much about it other than Duncan loved it and that Steve Jobs said it changed his life. The title alone, Be Here Now, was an appealing lesson for me, having been raised in a family where we discussed what to have for dinner while we were eating lunch, so I figured, hey, if even the title of this book is paying out for me, it must be worth the $1.99 extra for one-day shipping.
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When I was nine and the New Kids on the Block hit the scene, I used my brother’s dual-cassette boom box to record a parody album of my own called Old Farts on the Street, proudly playing my reimagining of their hit single “Hangin’ Tough”—“Swingin’ Weak”—for anybody who would listen. When I was twelve, my parents bought a VHS camcorder, and I immediately used our Apple IIGS and dot matrix printer to write, print, and shoot a Terminator 2 parody starring Kermit the Frog called Kerminator 2. My best friend, Aaron, let me use his Kermit doll, and my mother sewed him a tiny felt motorcycle jacket that fit just right. I invited a few friends over one weekend to shoot it, even using stop-motion photography and tinfoil to mimic the T-1000’s liquid metal blades slicing through John Connor’s stepmom, played by me—the director’s cameo—wearing my mother’s wig from the ’60s I had found in the attic.
The Launch Pad: Inside Y Combinator, Silicon Valley's Most Exclusive School for Startups by Randall Stross
affirmative action, Airbnb, AltaVista, always be closing, Amazon Mechanical Turk, Amazon Web Services, barriers to entry, Ben Horowitz, Benchmark Capital, Burning Man, business cycle, California gold rush, call centre, cloud computing, crowdsourcing, don't be evil, Elon Musk, Hacker News, high net worth, hockey-stick growth, index fund, inventory management, John Markoff, Justin.tv, Lean Startup, Marc Andreessen, Mark Zuckerberg, Max Levchin, medical residency, Menlo Park, Minecraft, minimum viable product, Morris worm, Paul Buchheit, Paul Graham, Peter Thiel, QR code, Richard Feynman, Richard Florida, ride hailing / ride sharing, Salesforce, Sam Altman, Sand Hill Road, selling pickaxes during a gold rush, side project, Silicon Valley, Silicon Valley startup, Skype, social graph, software is eating the world, South of Market, San Francisco, speech recognition, Stanford marshmallow experiment, Startup school, stealth mode startup, Steve Jobs, Steve Wozniak, Steven Levy, TaskRabbit, transaction costs, Y Combinator
“We all sort of collected our strengths and things we’re good at,” Shen says. “It’s the most random things.” Graham offers another inspiring tale about a startup that addressed an unmet need: Apple, which was started by Steve Wozniak because he wanted his own computer. “He couldn’t afford the components. So he designed computers on paper. And then DRAMs came along—chips became just cheap enough that he could build a computer.” When Steve Jobs saw what Wozniak had built, he suggested that they sell it to other people. Looking back, the need seems obvious. Graham suggests that they ask themselves: “What will people say in the future was an unmet need today?”
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It offers tours of San Francisco, of Muir Woods and Sausalito or the wine country north of the city, but it no longer offers a tour of Silicon Valley, immediately south. From a bus seat, there just isn’t much to be seen.1 Silicon Valley’s past is more accessible than its present. There’s the Computer History Museum, and Intel has a museum of its own. And there are the garages, of course, beginning with Hewlett and Packard’s, then Steve Jobs’s parents’, and then the rented garage that served as Google’s first off-campus office space. But these are ghostly places, the uninteresting physical vestiges of startups that have long since departed. To glimpse what comes next in Silicon Valley, you need to see the most promising startups, not museums and historic garages.
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Independent tour operators have come and gone, trying to eke out an existence driving tourists by the headquarters of the iconic companies in tech. These companies do not offer tours of their premises, however. The one chance to set foot inside hallowed space is at Apple headquarters—and that is only to gain admittance to Apple’s company store to buy official Apple T-shirts and caps. See Mike Cassidy, “Silicon Valley Tour Travels Rough Road,” San Jose Mercury News, October 24, 2011. 2. Marc Andreessen, “Why Software Is Eating the World,” Wall Street Journal, August 20, 2011, http://online.wsj.com/article/SB10001424053111903480904576512250915629460.html.
Hedge Fund Market Wizards by Jack D. Schwager
asset-backed security, backtesting, banking crisis, barriers to entry, Bear Stearns, beat the dealer, Bernie Madoff, Black-Scholes formula, book value, British Empire, business cycle, buy and hold, buy the rumour, sell the news, Claude Shannon: information theory, clean tech, cloud computing, collateralized debt obligation, commodity trading advisor, computerized trading, credit crunch, Credit Default Swap, credit default swaps / collateralized debt obligations, delta neutral, diversification, diversified portfolio, do what you love, Edward Thorp, family office, financial independence, fixed income, Flash crash, global macro, hindsight bias, implied volatility, index fund, intangible asset, James Dyson, Jones Act, legacy carrier, Long Term Capital Management, managed futures, margin call, market bubble, market fundamentalism, Market Wizards by Jack D. Schwager, merger arbitrage, Michael Milken, money market fund, oil shock, pattern recognition, pets.com, Ponzi scheme, private sector deleveraging, proprietary trading, quantitative easing, quantitative trading / quantitative finance, Reminiscences of a Stock Operator, Right to Buy, risk free rate, risk tolerance, risk-adjusted returns, risk/return, riskless arbitrage, Rubik’s Cube, Savings and loan crisis, Sharpe ratio, short selling, statistical arbitrage, Steve Jobs, systematic trading, technology bubble, transaction costs, value at risk, yield curve
If it is a lower risk position in which I have very high confidence, the position could be as large as 20 percent of the portfolio, as is currently the case for Apple. I accept that if anything were to happen to Steve Jobs, the stock could go down 10 percent. That would be a 2 percent hit on my portfolio. I could live with that because I think the stock will triple over the next four years. If I have that big of a position in Apple, can I have another significant position in the same industry sector? No, I can’t because a negative shock event or development might be one that impacts the entire sector rather than being Apple specific. In controlling risk, it is also very important to have people in your team whose opinions you respect, who can push back at your ideas in a way that will make you stop, listen, and test your own views.
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For example, Apple has never had any consequential sales in India or China, so the street assumption is that they never will, which is imbecilic. As another example, during the fourth quarter of last year, Apple sold 7.3 million iPads. The average street forecast for iPad sales this year is 29.5 million units. All they have done is take fourth-quarter sales of last year and annualize them. What they are failing to take into account is that Apple has revolutionized an existing product that was already way ahead of any competitor. Not only is it a much better product, but Steve Jobs decided to price it competitively instead of at a premium. Given Apple’s economies of scale, no one else can even possibly compete. So we think they will sell 40 million iPads this year and 60 million next year.
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My partner, Nick Barnes, is crucial to me in this regard. Steve Jobs died about a half year after this interview. Although Apple stock moved lower in the weeks preceding his death, ironically, the stock moved higher after the event. Is there any common denominator as to why your projections for a stock will differ from the market’s perception? Normally, it is because there is some kind of trend that I think is common sense but that the market does not appreciate because it is extrapolating history instead of looking forward. For example, Apple has never had any consequential sales in India or China, so the street assumption is that they never will, which is imbecilic.
The Wizard of Menlo Park: How Thomas Alva Edison Invented the Modern World by Randall E. Stross
Albert Einstein, centralized clearinghouse, Charles Lindbergh, cotton gin, death of newspapers, distributed generation, East Village, Ford Model T, Ford paid five dollars a day, I think there is a world market for maybe five computers, interchangeable parts, Isaac Newton, Livingstone, I presume, Marshall McLuhan, Menlo Park, plutocrats, Saturday Night Live, side project, Silicon Valley, Steve Jobs, Steven Levy, urban renewal, vertical integration, world market for maybe five computers
The original article appeared in the New York Sun. The Mall reprinted it the same day, and it was the clipping from the Mall that Batchelor preserved in his scrapbook. Mr. Edison was enraptured: Ibid. The excitement of the visitor brings to mind Apple’s Steve Jobs’s storied visit to Xerox’s Palo Alto Research Center in 1979, when he glimpsed the first personal computers with software featuring Windows and guided by mice. Five years later, Apple introduced the Macintosh. In the view of Xerox PARC’s later regretful director, George Pake, the significance of the visit was that it convinced Jobs that such a computer was “doable.” Pake likened it to the Soviets’ building of their first atomic bomb: “They developed it very quickly once they knew it was doable.”
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conceptualized, then refined: A sketch entered on 29 November 1877, just before Kruesi started building the first model, shows side and end views of the design of what would, in a few days, be realized as a working model. Laboratory notebook, 29 November 1877, PTAED, NS7703D. On 4 December 1877: Charles Batchelor, Diary, 1877–1878, PTAED, MBJ001. Even the loquacious Johnson: Edward Johnson to Uriah Painter, 7 December 1877, PTAE, 3:661. feeling quite well: Over one hundred years later, Steve Jobs borrowed the same parlor trick when he pulled the first Macintosh computer out of a bag and had it introduce itself on stage in January 1984: “Hello, I am Macintosh. It sure is great to get out of that bag.” See Steven Levy, Insanely Great: The Life and Times of Macintosh, the Computer That Changed Everything (New York: Viking, 1994), 182.
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Jim Gullickson made countless corrections in the course of careful copy-editing. Lindsey Moore kept us all on schedule. This work is dedicated to my most important collaborator, Ellen Stross. Her editorial suggestions made the book immeasurably better—and considerably shorter. ALSO BY RANDALL STROSS eBoys The Microsoft Way Steve Jobs and the NeXT Big Thing Bulls in the China Shop The Stubborn Earth Technology and Society in Twentieth-Century America (ed.) Copyright © 2007 by Randall E. Stross All rights reserved. Published in the United States by Crown Publishers, an imprint of the Crown Publishing Group, a division of Random House, Inc., New York.
Evil Geniuses: The Unmaking of America: A Recent History by Kurt Andersen
"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, affirmative action, Affordable Care Act / Obamacare, air traffic controllers' union, airline deregulation, airport security, Alan Greenspan, always be closing, American ideology, American Legislative Exchange Council, An Inconvenient Truth, anti-communist, Apple's 1984 Super Bowl advert, artificial general intelligence, autonomous vehicles, basic income, Bear Stearns, Bernie Sanders, blue-collar work, Bonfire of the Vanities, bonus culture, Burning Man, call centre, Capital in the Twenty-First Century by Thomas Piketty, carbon tax, Cass Sunstein, centre right, computer age, contact tracing, coronavirus, corporate governance, corporate raider, cotton gin, COVID-19, creative destruction, Credit Default Swap, cryptocurrency, deep learning, DeepMind, deindustrialization, Donald Trump, Dr. Strangelove, Elon Musk, ending welfare as we know it, Erik Brynjolfsson, feminist movement, financial deregulation, financial innovation, Francis Fukuyama: the end of history, future of work, Future Shock, game design, General Motors Futurama, George Floyd, George Gilder, Gordon Gekko, greed is good, Herbert Marcuse, Herman Kahn, High speed trading, hive mind, income inequality, industrial robot, interchangeable parts, invisible hand, Isaac Newton, It's morning again in America, James Watt: steam engine, Jane Jacobs, Jaron Lanier, Jeff Bezos, jitney, Joan Didion, job automation, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, Joseph Schumpeter, junk bonds, Kevin Roose, knowledge worker, lockdown, low skilled workers, Lyft, Mark Zuckerberg, market bubble, mass immigration, mass incarceration, Menlo Park, Naomi Klein, new economy, Norbert Wiener, Norman Mailer, obamacare, Overton Window, Peter Thiel, Picturephone, plutocrats, post-industrial society, Powell Memorandum, pre–internet, public intellectual, Ralph Nader, Right to Buy, road to serfdom, Robert Bork, Robert Gordon, Robert Mercer, Ronald Reagan, Saturday Night Live, Seaside, Florida, Second Machine Age, shareholder value, Silicon Valley, social distancing, Social Responsibility of Business Is to Increase Its Profits, Steve Jobs, Stewart Brand, stock buybacks, strikebreaker, tech billionaire, The Death and Life of Great American Cities, The Future of Employment, The Rise and Fall of American Growth, The Wealth of Nations by Adam Smith, Tim Cook: Apple, too big to fail, trickle-down economics, Tyler Cowen, Tyler Cowen: Great Stagnation, Uber and Lyft, uber lyft, union organizing, universal basic income, Unsafe at Any Speed, urban planning, urban renewal, very high income, wage slave, Wall-E, War on Poverty, We are all Keynesians now, Whole Earth Catalog, winner-take-all economy, women in the workforce, working poor, young professional, éminence grise
I remember being in a Des Moines hotel room covering the Democratic caucuses for Time, feeling so state-of-the-art to be filing a story about Hart, a so-called Atari Democrat, through a twenty-eight-pound portable computer connected to a shoebox-size dial-up modem to which we’d docked a curly-corded desktop telephone handset. Just a few weeks earlier, in January 1984, Apple had introduced the Macintosh. Its famous Super Bowl ad, based on George Orwell’s Nineteen Eighty-four, featured a heroine smashing the tyrants’ huge telescreen, a lone nonconformist underdog spectacularly defying the oppressive Establishment. It suited the moment and digital early adopters who were politically aware but not actually, specifically political, in a stylish little allegory with which everyone from Ayn Rand fans to Hart fans to Deadheads might identify. Steve Jobs, not yet thirty, had just become the sort of emblematic generational avatar that Gary Hart pretended he wasn’t desperate to be.
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For the remainder of the century, the issues that aroused liberal and left passions in a major way—nuclear weapons, civil wars in Central American countries, the AIDS epidemic—were intermittent and never directly concerned the U.S. political economy. People like Steve Jobs, or at least people like me, who did vote, always for Democrats, weren’t antiunion or antiwelfare or antigovernment. The probability that elected Democrats would tend to increase my taxes wasn’t a reason I voted for them, but my indifference to the financial hit—like Steve Jobs!—felt virtuous, low-end noblesse oblige. However, even after the right got its way on the political economy, many people like me weren’t viscerally, actively skeptical of business or Wall Street either.
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The one genuinely new pop cultural genre, hip-hop, made an explicit, unapologetic point of quoting old songs. Science fiction, the cultural genre that is all about imagining the future, got a new subgenre in the 1990s that was considered supercool because it was set in the past—steampunk. And commercialized futurism also became oddly familiar and nostalgic. Apple devices of the twenty-first century and glassy, supersleek Apple stores feel “contemporary” in the sense that they’re like props and back-on-Earth sets from 2001: A Space Odyssey, the 2000s as they were envisioned in the ’60s, the moment before nostalgia took over everything. The nostalgia division of the fantasy-industrial complex began merchandising in precincts beyond entertainment, from fake-old cars like Miatas and PT Cruisers to retail chains like Restoration Hardware selling stylish fake-old things.
Present Shock: When Everything Happens Now by Douglas Rushkoff
"Hurricane Katrina" Superdome, algorithmic trading, Alvin Toffler, Andrew Keen, bank run, behavioural economics, Benoit Mandelbrot, big-box store, Black Swan, British Empire, Buckminster Fuller, business cycle, cashless society, citizen journalism, clockwork universe, cognitive dissonance, Credit Default Swap, crowdsourcing, Danny Hillis, disintermediation, Donald Trump, double helix, East Village, Elliott wave, European colonialism, Extropian, facts on the ground, Flash crash, Future Shock, game design, global pandemic, global supply chain, global village, Howard Rheingold, hypertext link, Inbox Zero, invention of agriculture, invention of hypertext, invisible hand, iterative process, James Bridle, John Nash: game theory, Kevin Kelly, laissez-faire capitalism, lateral thinking, Law of Accelerating Returns, Lewis Mumford, loss aversion, mandelbrot fractal, Marshall McLuhan, Merlin Mann, messenger bag, Milgram experiment, mirror neurons, mutually assured destruction, negative equity, Network effects, New Urbanism, Nicholas Carr, Norbert Wiener, Occupy movement, off-the-grid, passive investing, pattern recognition, peak oil, Peter Pan Syndrome, price mechanism, prisoner's dilemma, Ralph Nelson Elliott, RAND corporation, Ray Kurzweil, recommendation engine, scientific management, selective serotonin reuptake inhibitor (SSRI), Silicon Valley, SimCity, Skype, social graph, South Sea Bubble, Steve Jobs, Steve Wozniak, Steven Pinker, Stewart Brand, supply-chain management, technological determinism, the medium is the message, The Wisdom of Crowds, theory of mind, Tragedy of the Commons, Turing test, upwardly mobile, Whole Earth Catalog, WikiLeaks, Y2K, zero-sum game
With each new wave of popularity, Birkenstock launches new lines and opens new dealerships, then pulls back when consumer appetites level off. With this strategy, the company has expanded from making just a handful of shoes to its current offering of close to five hundred different styles. A friend of mine who worked on smart phone applications at Apple told me that Steve Jobs always thought of product development in terms of three-year cycles. Jobs simply was not interested in what was happening in the present; he only cared about the way people would be working with technology three years in the future. This is what empowered Jobs to ship the first iMacs with no slot for floppy drives, and iPhones without the ability to play the then-ubiquitous Flash movie files.
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As author and social critic Steven Johnson would remind us, ideas don’t generally emerge from individuals, but from groups, or what he calls “liquid networks.”1 The coffeehouses of eighteenth-century London spawned the ideas that fueled the Enlightenment, and the Apple computer was less a product of one mind than the collective imagination of the Homebrew Computer Club to which both Steve Jobs and Steve Wozniak belonged. The notion of a lone individual churning out ideas in isolated contemplation like Rodin’s Thinker may not be completely untrue, but it has certainly been deemphasized in today’s culture of networked thinking.
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The amount of time between purchase (or even earning) and gratification has shrunk to nothing—so much so that the purchase itself is more rewarding than consuming whatever it is that has been bought. After waiting several days in the street, Apple customers exit the store waving their newly purchased i-gadgets in the air, as if acquisition itself were the reward. The purchase feels embedded with historicity. They were part of a real moment, a specific date. The same way someone may tell us he was at the Beatles famous concert at Shea Stadium, the Apple consumer can say he scored the new iPhone on the day it was released. Where “act now” once meant that a particular sales price would soon expire, today it simply means there’s an opportunity to do something at a particular moment.
Artificial Intelligence: A Guide for Thinking Humans by Melanie Mitchell
Ada Lovelace, AI winter, Alignment Problem, AlphaGo, Amazon Mechanical Turk, Apple's 1984 Super Bowl advert, artificial general intelligence, autonomous vehicles, backpropagation, Bernie Sanders, Big Tech, Boston Dynamics, Cambridge Analytica, Charles Babbage, Claude Shannon: information theory, cognitive dissonance, computer age, computer vision, Computing Machinery and Intelligence, dark matter, deep learning, DeepMind, Demis Hassabis, Douglas Hofstadter, driverless car, Elon Musk, en.wikipedia.org, folksonomy, Geoffrey Hinton, Gödel, Escher, Bach, I think there is a world market for maybe five computers, ImageNet competition, Jaron Lanier, job automation, John Markoff, John von Neumann, Kevin Kelly, Kickstarter, license plate recognition, machine translation, Mark Zuckerberg, natural language processing, Nick Bostrom, Norbert Wiener, ought to be enough for anybody, paperclip maximiser, pattern recognition, performance metric, RAND corporation, Ray Kurzweil, recommendation engine, ride hailing / ride sharing, Rodney Brooks, self-driving car, sentiment analysis, Silicon Valley, Singularitarianism, Skype, speech recognition, Stephen Hawking, Steve Jobs, Steve Wozniak, Steven Pinker, strong AI, superintelligent machines, tacit knowledge, tail risk, TED Talk, the long tail, theory of mind, There's no reason for any individual to have a computer in his home - Ken Olsen, trolley problem, Turing test, Vernor Vinge, Watson beat the top human players on Jeopardy!, world market for maybe five computers
Breakout was the result of Atari’s effort to create a single-player version of its successful game Pong. The design and implementation of Breakout were originally assigned in 1975 to a twenty-year-old employee named Steve Jobs. Yes, that Steve Jobs (later, cofounder of Apple). Jobs lacked sufficient engineering skills to do a good job on Breakout, so he enlisted his friend Steve Wozniak, aged twenty-five (later, the other cofounder of Apple), to help on the project. Wozniak and Jobs completed the hardware design of Breakout in four nights, starting work each night after Wozniak had completed his day job at Hewlett-Packard. Once released, Breakout, like Pong, was hugely popular among gamers.
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Li and her collaborators soon commenced collecting a deluge of images by using WordNet nouns as queries on image search engines such as Flickr and Google image search. However, if you’ve ever used an image search engine, you know that the results of a query are often far from perfect. For example, if you type “macintosh apple” into Google image search, you get photos not only of apples and Mac computers but also of apple-shaped candles, smartphones, bottles of apple wine, and any number of other nonrelevant items. Thus, Li and her colleagues had to have humans figure out which images were not actually illustrations of a given noun and get rid of them. At first, the humans who did this were mainly undergraduates.
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According to a Google speech-recognition expert, the use of deep networks resulted in the “biggest single improvement in 20 years of speech research.”3 The same year, a new deep-network speech-recognition system was released to customers on Android phones; two years later it was released on Apple’s iPhone, with one Apple engineer commenting, “This was one of those things where the jump [in performance] was so significant that you do the test again to make sure that somebody didn’t drop a decimal place.”4 If you yourself happened to use any kind of speech-recognition technology both before and after 2012, you will have also noticed a very sharp improvement.
The Sport and Prey of Capitalists by Linda McQuaig
anti-communist, Bernie Sanders, carbon footprint, carbon tax, clean water, Cornelius Vanderbilt, diversification, Donald Trump, energy transition, financial innovation, Garrett Hardin, green new deal, Kickstarter, low interest rates, megaproject, Menlo Park, Money creation, Naomi Klein, neoliberal agenda, new economy, offshore financial centre, oil shale / tar sands, Paris climate accords, payday loans, precautionary principle, profit motive, risk/return, Ronald Reagan, Sidewalk Labs, Steve Jobs, strikebreaker, Tragedy of the Commons, union organizing
“From the development of aviation, nuclear energy, computers, the Internet, biotechnology, and today’s developments in green technology, it is, and has been the State — not the private sector — that has kick-started and developed the engine of growth, because of its willingness to take risks in areas where the private sector has been too risk averse.”5 Her point is amply illustrated by Apple. The phenomenal success of the technology giant is typically attributed to the creative brilliance of its founder, Steve Jobs. A mythology has grown up around how Apple innovations began with Jobs, a high-school dropout, tinkering around in the family garage. In a 2005 address at Stanford University, Jobs famously advised graduating students to be innovative by “pursuing what you love” and “staying foolish.”
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There may be a good reason not to turn the Oshawa plant into a green production facility, but let’s not succumb to the ill-informed notion that Canadians aren’t up to the task or that we don’t know how to do public enterprise in this country. Advocates for business, including those in think tanks, the media, and academia, insist that private entrepreneurs are the very source of innovation and wealth. Yet, as Mazzucato demonstrates so well, even some of the best inventor-entrepreneurs, such as Steve Jobs, were able to accomplish what they did only because of massive, publicly funded investments in basic research. “Such radical investments — which embedded extreme uncertainty — did not come about due to the presence of venture capitalists, nor of ‘garage-tinkerers,’” she writes. “It was the visible hand of the State which made these innovations happen.
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But she maintains that “without the massive amount of public investment behind the computer and Internet revolutions, such attributes might have led only to the invention of a new toy — not to cutting-edge revolutionary products like the iPad and iPhone which have changed the way people work and communicate.” She points out that Apple mastered and marketed “technologies that were first developed and funded by the U.S. government and military.… In fact, there is not a single key technology behind the iPhone that has not been State-funded.” She points to the pivotal role of the State in “making the early, large and high-risk investments, and then sustaining them until such time that the later-stage private actors can appear to ‘play around and have fun.’” Acknowledging the state’s vital role would have some important implications. Apple, like many leading U.S. corporations, has gone to great lengths to avoid paying taxes.
Joel on Software by Joel Spolsky
AltaVista, AOL-Time Warner, Apple Newton, barriers to entry, Beos Apple "Steve Jobs" next macos , business logic, c2.com, commoditize, Dennis Ritchie, General Magic , George Gilder, index card, Jeff Bezos, knowledge worker, machine readable, Metcalfe's law, Mitch Kapor, Multics, Network effects, new economy, off-by-one error, PageRank, PalmPilot, Paul Graham, pneumatic tube, profit motive, reality distortion field, Robert X Cringely, shareholder value, Silicon Valley, Silicon Valley startup, SimCity, six sigma, slashdot, Steve Ballmer, Steve Jobs, the scientific method, thinkpad, VA Linux, web application
Important Corollary Five When you're showing off, the only thing that matters is the screen shot. Make it 100 percent beautiful. Don't, for a minute, think that you can get away with asking anybody. to imagine how cool this would be.. Don't think that they're looking at the functionality. They're not. They want to see pretty pixels. Steve Jobs understands this. Oh boy does he understand this. Engineers at Apple have learned to do things that make for great screen shots, like the gorgeous new 1024×1024 icons in the dock, even if they waste valuable real estate. And the Linux desktop crowd goes crazy about semitransparent xterms, which make for good screenshots but are usually annoying to use.
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If you're in the platform-creation business, you probably will suffer from what is commonly known as the chicken-and-egg problem: Nobody is going to buy your platform until there's good software that runs on it, and nobody is going to write software until you have a big installed base. Ooops. It's sort of like a Gordian Knot, although a Gordian Death Spiral might be more descriptive. The chicken-and-egg problem, and variants thereof, is the most important element of strategy to understand. Well, OK, you can probably live without understanding it: Steve Jobs practically made a career out of not understanding the chicken-and-egg problem, twice. But the rest of us don't have Jobs's Personal Reality Distortion Field at our disposal, so we'll have to buckle down and study hard. The classic domain of chicken-and-egg problems is in software platforms. But here's another chicken-and-egg problem: Every month, millions of credit card companies mail out zillions of bills to consumers in the mail.
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The C++ compiler is now free.3 Anything to encourage developers to build for the .NET platform, and holding just short of wiping out companies like Borland. Why Apple and Sun Can't Sell Computers Well, of course, that's a little bit silly; of course Apple and Sun can sell computers, but not to the two most lucrative markets for computers, namely, the corporate desktop and the home computer. Apple is still down there in the very low single digits of market share, and the only people with Suns on their desktops are at Sun. (Please understand that I'm talking about large trends here, and therefore when I say things like "nobody," I really mean "fewer than 10,000,000 people," and so on and so forth.) Why? Because Apple and Sun computers don't run Windows programs, or, if they do, it's in some kind of expensive emulation mode that doesn't work so great.
Hacking Growth: How Today's Fastest-Growing Companies Drive Breakout Success by Sean Ellis, Morgan Brown
Airbnb, Amazon Web Services, barriers to entry, behavioural economics, Ben Horowitz, bounce rate, business intelligence, business process, content marketing, correlation does not imply causation, crowdsourcing, dark pattern, data science, DevOps, disruptive innovation, Elon Musk, game design, gamification, Google Glasses, growth hacking, Internet of things, inventory management, iterative process, Jeff Bezos, Khan Academy, Kickstarter, Lean Startup, Lyft, Mark Zuckerberg, market design, minimum viable product, multi-armed bandit, Network effects, Paul Graham, Peter Thiel, Ponzi scheme, recommendation engine, ride hailing / ride sharing, Salesforce, Sheryl Sandberg, side project, Silicon Valley, Silicon Valley startup, Skype, Snapchat, software as a service, Steve Jobs, Steve Jurvetson, subscription business, TED Talk, Travis Kalanick, Uber and Lyft, Uber for X, uber lyft, working poor, Y Combinator, young professional
In other words, you must craft language that very concisely communicates your product’s core value—conveying the aha moment—and answers the simple question foremost in every consumer’s mind: “How is this thing you’re showing me going to improve my life?” One of the best examples of an enormously compelling product description is the language Steve Jobs used to introduce the original iPod. When the product was unveiled in 2001, the market was full of MP3 players, and it would have been tempting for Jobs to fall back on messaging explaining why his version was different and better. Instead, he brilliantly chose not to resort to any of the language being used to describe MP3 players and their utility whatsoever.
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Rather than spend his time trying to differentiate his product from others on price or features, in other words, Jobs understood that the core value, the magical aha experience, was carrying your entire music library around with you anywhere, all the time, totally hassle free. Of course we’re not all such brilliant marketing minds as Steve Jobs—but with the right testing strategies in place, we can come close! For most of us mere mortals, crafting appealing language is extremely difficult. The human response to language is highly emotional, and largely subconscious. Words that resonate for some people may have no particular appeal to some, or even be off-putting to still others.
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Because triggers can be so invasive, you want to be judicious in how you use them and experiment in measured steps. Making matters more complicated, you’ve also got to follow some rules dictated by the platform on which you wish to deliver them. For example, mobile push notification rules differ for Apple phones than for those that run on Android; whereas Apple users need to opt in to receive notifications, Android users are opted in to get notifications by default. Rules have also been established in consumer protection law for sending emails, such as the CAN-SPAM law in the United States. FOGG BEHAVIOR MODEL And finally, for opt-in notifications, a trigger’s impact will vary greatly depending on how many users agree to receive them.
Rise of the Robots: Technology and the Threat of a Jobless Future by Martin Ford
3D printing, additive manufacturing, Affordable Care Act / Obamacare, AI winter, algorithmic management, algorithmic trading, Amazon Mechanical Turk, artificial general intelligence, assortative mating, autonomous vehicles, banking crisis, basic income, Baxter: Rethink Robotics, Bernie Madoff, Bill Joy: nanobots, bond market vigilante , business cycle, call centre, Capital in the Twenty-First Century by Thomas Piketty, carbon tax, Charles Babbage, Chris Urmson, Clayton Christensen, clean water, cloud computing, collateralized debt obligation, commoditize, computer age, creative destruction, data science, debt deflation, deep learning, deskilling, digital divide, disruptive innovation, diversified portfolio, driverless car, Erik Brynjolfsson, factory automation, financial innovation, Flash crash, Ford Model T, Fractional reserve banking, Freestyle chess, full employment, general purpose technology, Geoffrey Hinton, Goldman Sachs: Vampire Squid, Gunnar Myrdal, High speed trading, income inequality, indoor plumbing, industrial robot, informal economy, iterative process, Jaron Lanier, job automation, John Markoff, John Maynard Keynes: technological unemployment, John von Neumann, Kenneth Arrow, Khan Academy, Kiva Systems, knowledge worker, labor-force participation, large language model, liquidity trap, low interest rates, low skilled workers, low-wage service sector, Lyft, machine readable, machine translation, manufacturing employment, Marc Andreessen, McJob, moral hazard, Narrative Science, Network effects, new economy, Nicholas Carr, Norbert Wiener, obamacare, optical character recognition, passive income, Paul Samuelson, performance metric, Peter Thiel, plutocrats, post scarcity, precision agriculture, price mechanism, public intellectual, Ray Kurzweil, rent control, rent-seeking, reshoring, RFID, Richard Feynman, Robert Solow, Rodney Brooks, Salesforce, Sam Peltzman, secular stagnation, self-driving car, Silicon Valley, Silicon Valley billionaire, Silicon Valley startup, single-payer health, software is eating the world, sovereign wealth fund, speech recognition, Spread Networks laid a new fibre optics cable between New York and Chicago, stealth mode startup, stem cell, Stephen Hawking, Steve Jobs, Steven Levy, Steven Pinker, strong AI, Stuxnet, technological singularity, telepresence, telepresence robot, The Bell Curve by Richard Herrnstein and Charles Murray, The Coming Technological Singularity, The Future of Employment, the long tail, Thomas L Friedman, too big to fail, Tragedy of the Commons, Tyler Cowen, Tyler Cowen: Great Stagnation, uber lyft, union organizing, Vernor Vinge, very high income, warehouse automation, warehouse robotics, Watson beat the top human players on Jeopardy!, women in the workforce
One of the most important lessons of history is that there is a powerful symbiosis between technological progress and a well-functioning market economy. Healthy markets create the incentives that lead to meaningful innovation and ever-increasing productivity, and this has been the driving force behind our prosperity.* Most intelligent people understand this (and are very likely to bring up Steve Jobs and the iPhone when discussing it). The problem is that health care is a broken market and no amount of technology is likely to bring down costs unless the structural problems in the industry are resolved. There is also, I think, a great deal of confusion about the nature of the health care market and exactly where an effective market pricing mechanism should come into play.
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Many people would like to believe that health care is a normal consumer market: if only we could get insurance companies, and especially the government, out of the way and instead push decisions and costs onto the consumer (or patient), then we’d get innovations and outcomes similar to what we’ve seen in other industries (Steve Jobs might be mentioned again here). The reality, however, is that health care is simply not comparable to other markets for consumer products and services, and this has been well understood for over half a century. In 1963, the Nobel laureate economist Kenneth Arrow wrote a paper detailing the ways in which medical care stands apart from other goods and services.
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A Facebook executive noted in November 2013 that the Cyborg system routinely solves thousands of problems that would otherwise have to be addressed manually, and that the technology allows a single technician to manage as many as 20,000 computers.28 Cloud computing data centers are often built in relatively rural areas where land and, especially, electric power are plentiful and cheap. States and local governments compete intensively for the facilities, offering companies like Google, Facebook, and Apple generous tax breaks and other financial incentives. Their primary objective, of course, is to create lots of jobs for local residents—but such hopes are rarely realized. In 2011, the Washington Post’s Michael Rosenwald reported that a colossal, billion-dollar data center built by Apple, Inc., in the town of Maiden, North Carolina, had created only fifty full-time positions. Disappointed residents couldn’t “comprehend how expensive facilities stretching across hundreds of acres can create so few jobs.”29 The explanation, of course, is that algorithms like Cyborg are doing the heavy lifting.
Aerotropolis by John D. Kasarda, Greg Lindsay
3D printing, air freight, airline deregulation, airport security, Akira Okazaki, Alvin Toffler, An Inconvenient Truth, Asian financial crisis, back-to-the-land, barriers to entry, Bear Stearns, Berlin Wall, big-box store, blood diamond, Boeing 747, book value, borderless world, Boris Johnson, British Empire, business cycle, call centre, carbon footprint, Cesare Marchetti: Marchetti’s constant, Charles Lindbergh, Clayton Christensen, clean tech, cognitive dissonance, commoditize, company town, conceptual framework, credit crunch, David Brooks, David Ricardo: comparative advantage, Deng Xiaoping, deskilling, digital map, disruptive innovation, Dr. Strangelove, Dutch auction, Easter island, edge city, Edward Glaeser, Eyjafjallajökull, failed state, financial engineering, flag carrier, flying shuttle, food miles, Ford Model T, Ford paid five dollars a day, Frank Gehry, fudge factor, fulfillment center, full employment, future of work, Future Shock, General Motors Futurama, gentleman farmer, gentrification, Geoffrey West, Santa Fe Institute, George Gilder, global supply chain, global village, gravity well, Great Leap Forward, Haber-Bosch Process, Hernando de Soto, high-speed rail, hive mind, if you build it, they will come, illegal immigration, inflight wifi, intangible asset, interchangeable parts, Intergovernmental Panel on Climate Change (IPCC), intermodal, invention of the telephone, inventory management, invisible hand, Jane Jacobs, Jeff Bezos, Jevons paradox, Joan Didion, Kangaroo Route, Kickstarter, Kiva Systems, knowledge worker, kremlinology, land bank, Lewis Mumford, low cost airline, Marchetti’s constant, Marshall McLuhan, Masdar, mass immigration, McMansion, megacity, megaproject, Menlo Park, microcredit, military-industrial complex, Network effects, New Economic Geography, new economy, New Urbanism, oil shale / tar sands, oil shock, One Laptop per Child (OLPC), peak oil, Pearl River Delta, Peter Calthorpe, Peter Thiel, pets.com, pink-collar, planned obsolescence, pre–internet, RFID, Richard Florida, Ronald Coase, Ronald Reagan, Rubik’s Cube, savings glut, Seaside, Florida, Shenzhen special economic zone , Shenzhen was a fishing village, Silicon Valley, Silicon Valley startup, SimCity, Skype, smart cities, smart grid, South China Sea, South Sea Bubble, sovereign wealth fund, special economic zone, spice trade, spinning jenny, starchitect, stem cell, Steve Jobs, Suez canal 1869, sunk-cost fallacy, supply-chain management, sustainable-tourism, tech worker, telepresence, the built environment, The Chicago School, The Death and Life of Great American Cities, the long tail, The Nature of the Firm, thinkpad, Thomas L Friedman, Thomas Malthus, Tony Hsieh, trade route, transcontinental railway, transit-oriented development, traveling salesman, trickle-down economics, upwardly mobile, urban planning, urban renewal, urban sprawl, vertical integration, Virgin Galactic, walkable city, warehouse robotics, white flight, white picket fence, Yogi Berra, zero-sum game
If you have a cell phone, iPod, camera, or some combination of the three, its battery was probably made next door to the F3DM. Warren Buffett likes the car so much he bought a tenth of BYD for $230 million. But with a little luck, its boyish-looking chairman Wang Chuanfu may go down in history as China’s answer to Steve Jobs. He’s taking the wheel of the auto industry the same way Apple hijacked music; the F3DM is his iPod. Wang has made it clear he doesn’t care about making cars, per se. He’s charged only about electricity. Cars are a commodity; a better battery isn’t. Which is why Daimler has partnered with BYD to create its own electric models.
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Netbooks are old hat—tablets are where the action is. By one estimate, tablets will outsell netbooks as early as next year, and desktop computers the year after that, rising to twenty million a year by 2015. Before Apple introduced the iPad in 2010, Foxconn’s iWonder was already on sale in China—for just $100. Another manufacturer with a tablet and nothing to lose threatened to sue Steve Jobs for patent in-fringement despite its own being an obvious knockoff. (Which raises an existential question: Can something be a knockoff if an original doesn’t exist? China seems determined to find out.) ASUSTeK split itself in two, the better to make and sell cell phones, Kindle killers, and video games under its own name—now simply ASUS—while honoring its old contracts.
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Hui is Hong Kong’s dapper airport chief and the former head of Dragonair, one of the dozens of airlines now flying around China. We were sipping tea that afternoon atop the Li & Fung Tower, waiting for Victor Fung. The older brother long ago relinquished his daily duties to act as the Delta’s economic czar instead. Picture Steve Jobs advising Obama; that’s Victor Fung. He was chairman of the Airport Authority during the Delta’s long boom, until he was tapped by the city’s chief executive to somehow make the meltdown work for Hong Kong. It was tempting to see the pair, Victor and Stanley, as the ghosts of Hong Kong’s past and present.
Digital Disconnect: How Capitalism Is Turning the Internet Against Democracy by Robert W. McChesney
2013 Report for America's Infrastructure - American Society of Civil Engineers - 19 March 2013, access to a mobile phone, Alan Greenspan, Albert Einstein, American Legislative Exchange Council, American Society of Civil Engineers: Report Card, AOL-Time Warner, Automated Insights, barriers to entry, Berlin Wall, Big Tech, business cycle, Cass Sunstein, citizen journalism, classic study, cloud computing, collaborative consumption, collective bargaining, company town, creative destruction, crony capitalism, David Brooks, death of newspapers, declining real wages, digital capitalism, digital divide, disinformation, Double Irish / Dutch Sandwich, Dr. Strangelove, Erik Brynjolfsson, Evgeny Morozov, failed state, fake news, Filter Bubble, fulfillment center, full employment, future of journalism, George Gilder, Gini coefficient, Google Earth, income inequality, informal economy, intangible asset, invention of agriculture, invisible hand, Jaron Lanier, Jeff Bezos, jimmy wales, John Markoff, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Perry Barlow, Joseph Schumpeter, Julian Assange, Kickstarter, Mark Zuckerberg, Marshall McLuhan, means of production, Metcalfe’s law, military-industrial complex, mutually assured destruction, national security letter, Nelson Mandela, Network effects, new economy, New Journalism, Nicholas Carr, Occupy movement, ocean acidification, offshore financial centre, patent troll, Peter Thiel, plutocrats, post scarcity, Post-Keynesian economics, power law, price mechanism, profit maximization, profit motive, public intellectual, QWERTY keyboard, Ralph Nader, Richard Stallman, road to serfdom, Robert Metcalfe, Saturday Night Live, sentiment analysis, Silicon Valley, Silicon Valley billionaire, single-payer health, Skype, spectrum auction, Steve Jobs, Steve Wozniak, Steven Levy, Steven Pinker, Stewart Brand, technological determinism, Telecommunications Act of 1996, the long tail, the medium is the message, The Spirit Level, The Structural Transformation of the Public Sphere, The Wealth of Nations by Adam Smith, Thorstein Veblen, too big to fail, transfer pricing, Upton Sinclair, WikiLeaks, winner-take-all economy, yellow journalism, Yochai Benkler
Two or three decades ago a machine might have five or ten patents, a patent expert noted. “Today, the phone in your pocket has about 5,000.” Battles over patents among the digital giants are now routine. “We can sit by and watch competitors steal our patented inventions,” Steve Jobs said in 2010, “or we can do something about it.” He launched what was termed Apple’s Jihad over patent rights in the courts.23 When Google paid an “astonishing” $12.5 billion to purchase Motorola Mobility in 2011, it did so significantly for Motorola’s 17,000 patents. These were a “trove of mobile patents” that would make Google’s Android stand up to legal challenge and diminish the threat of any new market entrants.24 “As tech companies snap up patents,” Politico observed, “they are battling each other in courts around the world.”
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It’s not only how much money your parents have that matters [in determining your class position]—even your great-great-grandfather’s wealth might give you a noticeable edge today.”8 This limited economic mobility provides some context to address one of the arguments of the Internet’s celebrants, that social media and new technologies are generating a new type of warm and fuzzy capitalist and a new type of business organization. Gone are the bad old days of Ebenezer Scrooge, John D. Rockefeller, Mr. Potter, Exxon, Goldman Sachs, and Walmart. In their place are Richard Branson, Steve Jobs, and hacky-sack-playing CEOs at Google and Facebook. “The high-tech revolution created an entirely new breed of technophilanthropists who are using their fortunes to solve global, abundance-related problems,” Peter Diamandis and Steven Kotler write.9 These new emblems of capital are cool people, community minded and ecofriendly.
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For tangible products, the type that fills economics textbooks, one person’s use of a product or service precludes another person from using the same product or service. Two people cannot eat the same hamburger or simultaneously drive the same automobile. More of the product or service needs to be produced to satisfy additional demand. Not so with information. “If you have an apple and I have an apple and we exchange apples, then you and I will still each have one apple,” George Bernard Shaw allegedly once said, “but if you have an idea and I have an idea and we exchange these ideas, then each of us will have two ideas.”49 Stephen King doesn’t need to write an individual copy of his novels for every single reader. Likewise, whether two hundred or 200 million people read one of his books would not detract from any one reader’s experience of it.
Prosperity Without Growth: Foundations for the Economy of Tomorrow by Tim Jackson
"World Economic Forum" Davos, Alan Greenspan, bank run, banking crisis, banks create money, Basel III, basic income, biodiversity loss, bonus culture, Boris Johnson, business cycle, carbon footprint, Carmen Reinhart, Cass Sunstein, choice architecture, circular economy, collapse of Lehman Brothers, creative destruction, credit crunch, Credit Default Swap, critique of consumerism, David Graeber, decarbonisation, degrowth, dematerialisation, en.wikipedia.org, energy security, financial deregulation, Financial Instability Hypothesis, financial intermediation, full employment, Garrett Hardin, Glass-Steagall Act, green new deal, Growth in a Time of Debt, Hans Rosling, Hyman Minsky, impact investing, income inequality, income per capita, intentional community, Intergovernmental Panel on Climate Change (IPCC), Internet of things, invisible hand, job satisfaction, John Maynard Keynes: Economic Possibilities for our Grandchildren, Joseph Schumpeter, Kenneth Rogoff, Kickstarter, laissez-faire capitalism, liberal capitalism, low interest rates, Mahatma Gandhi, mass immigration, means of production, meta-analysis, Money creation, moral hazard, mortgage debt, Murray Bookchin, Naomi Klein, negative emissions, new economy, ocean acidification, offshore financial centre, oil shale / tar sands, open economy, paradox of thrift, peak oil, peer-to-peer lending, Philip Mirowski, Post-Keynesian economics, profit motive, purchasing power parity, quantitative easing, retail therapy, Richard Thaler, road to serfdom, Robert Gordon, Robert Solow, Ronald Reagan, science of happiness, secular stagnation, short selling, Simon Kuznets, Skype, smart grid, sovereign wealth fund, Steve Jobs, TED Talk, The Chicago School, The Great Moderation, The Rise and Fall of American Growth, The Spirit Level, The Theory of the Leisure Class by Thorstein Veblen, The Wealth of Nations by Adam Smith, Thorstein Veblen, too big to fail, Tragedy of the Commons, universal basic income, Works Progress Administration, World Values Survey, zero-sum game
Versions of the sovereign money proposal are currently being debated in several advanced economies including Switzerland and Iceland. 11 A lasting prosperity 1 This line was part of an Apple advertising campaign entitled Think Differently launched in 1998. Steve Jobs and Richard Dreyfus both made recordings of the voiceover. On the day of the release, Jobs decided against using his voiceover, arguing that the campaign was about Apple, rather than about him. Jobs’ recording is, however, still online, for instance, at http://geekologie.com/2011/10/touching-steve-jobs-voicing-apples-iconi.php (accessed 2 June 2016). 2 See Figure 5.6. 3 It would be wrong to dismiss entirely the potential for technological breakthroughs.
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In short, the progressive State is not just the instrumental means for ensuring social and economic stability in a low-growth environment. It is the basis for a renewed vision of governance. It is the foundation for a lasting prosperity. 11 A LASTING PROSPERITY The people who are crazy enough to think they can change the world are the ones who do. Steve Jobs, 19981 Society is faced with a profound dilemma. To reject growth is to risk economic and social collapse. To pursue it relentlessly is to endanger the ecosystems on which we depend for long-term survival. For the most part, this dilemma goes unrecognised in mainstream policy. It’s only marginally more visible as a public debate.
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Returns will probably be slower and delivered over longer timeframes. Though vital for prosperity, some investments may not generate returns in conventional monetary terms at all. This means that social investment is crucial, not least in creating and maintaining public goods. An interesting reflection on Apple’s ‘think different’ campaign (cited at the top of this chapter) is implicit in Mariana Mazzucato’s analysis of the huge role played by the ‘entrepreneurial state’ in technological innovation.14 The crazy people who believe in the possibility of changing the world really matter. But theirs is not the only story.
Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond: The Innovative Investor's Guide to Bitcoin and Beyond by Chris Burniske, Jack Tatar
Airbnb, Alan Greenspan, altcoin, Alvin Toffler, asset allocation, asset-backed security, autonomous vehicles, Bear Stearns, bitcoin, Bitcoin Ponzi scheme, blockchain, Blythe Masters, book value, business cycle, business process, buy and hold, capital controls, carbon tax, Carmen Reinhart, Clayton Christensen, clean water, cloud computing, collateralized debt obligation, commoditize, correlation coefficient, creative destruction, Credit Default Swap, credit default swaps / collateralized debt obligations, cryptocurrency, disintermediation, distributed ledger, diversification, diversified portfolio, Dogecoin, Donald Trump, Elon Musk, en.wikipedia.org, Ethereum, ethereum blockchain, fiat currency, financial engineering, financial innovation, fixed income, Future Shock, general purpose technology, George Gilder, Google Hangouts, high net worth, hype cycle, information security, initial coin offering, it's over 9,000, Jeff Bezos, Kenneth Rogoff, Kickstarter, Leonard Kleinrock, litecoin, low interest rates, Marc Andreessen, Mark Zuckerberg, market bubble, money market fund, money: store of value / unit of account / medium of exchange, moral hazard, Network effects, packet switching, passive investing, peer-to-peer, peer-to-peer lending, Peter Thiel, pets.com, Ponzi scheme, prediction markets, quantitative easing, quantum cryptography, RAND corporation, random walk, Renaissance Technologies, risk free rate, risk tolerance, risk-adjusted returns, Robert Shiller, Ross Ulbricht, Salesforce, Satoshi Nakamoto, seminal paper, Sharpe ratio, Silicon Valley, Simon Singh, Skype, smart contracts, social web, South Sea Bubble, Steve Jobs, transaction costs, tulip mania, Turing complete, two and twenty, Uber for X, Vanguard fund, Vitalik Buterin, WikiLeaks, Y2K
In the past, this world was open only to the wealthy, but with new trends such as crowdfunding, token launches, and innovative regulation via the JOBS Act, opportunities exist for innovative investors of all shapes and sizes to get involved. Chapter 16 The Wild World of ICOs During the early tech days, innovators such as Steve Jobs, Bill Gates, and Michael Dell became iconic figures who had turned ideas into multibillion-dollar businesses. Over the last decade, we’ve seen visionaries such as Elon Musk, Peter Thiel, and Mark Zuckerberg do the same. These innovators changed the world because people believed in their visions, and these early believers invested money to turn their ideas into reality.
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In part, these regulations are why we have seen an increase in the amount of time it takes for companies to get to an IPO. However, some leaders recognized that the world needed to spur more innovation and not strangle it.7 They began to question the regulations and used famous Internet company founders, such as Steve Jobs, Bill Gates, and Michael Dell, as examples of how American innovation has made the country great. These leaders understood that if starting a company and securing funding was made more difficult, America would suffer. Simultaneously, a funding shift was occurring, as many entrepreneurs realized they didn’t have to rely on venture capital, family, debt, or the capital markets to raise seed money: the Internet had become a major force in connecting entrepreneurs to investors through the process of crowdfunding.
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The difference boils down to whether a raw digital resource is being provisioned (cryptocommodity) or if the dApp is providing a consumer-facing finished digital good or service (cryptotoken). Most cryptotokens are not supported by their own blockchain. Often these cryptotokens operate within applications that are built on a cryptocommodity’s blockchain, such as Ethereum. To continue with the Apple analogy: applications in Apple’s App Store don’t have to build their own operating systems, they run on Apple’s operating system. Due to Ethereum’s wild success, other decentralized world computers have popped up, such as Dfinity, Lisk, Rootstock, Tezos, Waves, and more that can support their own dApps. Just as many altcoins tried to improve upon Bitcoin, these platforms are cryptocommodities that aim to improve upon Ethereum’s design, thereby attracting their own dApps and associated cryptotokens.
The Equality Machine: Harnessing Digital Technology for a Brighter, More Inclusive Future by Orly Lobel
2021 United States Capitol attack, 23andMe, Ada Lovelace, affirmative action, Airbnb, airport security, Albert Einstein, algorithmic bias, Amazon Mechanical Turk, augmented reality, barriers to entry, basic income, Big Tech, bioinformatics, Black Lives Matter, Boston Dynamics, Charles Babbage, choice architecture, computer vision, Computing Machinery and Intelligence, contact tracing, coronavirus, corporate social responsibility, correlation does not imply causation, COVID-19, crowdsourcing, data science, David Attenborough, David Heinemeier Hansson, deep learning, deepfake, digital divide, digital map, Elon Musk, emotional labour, equal pay for equal work, feminist movement, Filter Bubble, game design, gender pay gap, George Floyd, gig economy, glass ceiling, global pandemic, Google Chrome, Grace Hopper, income inequality, index fund, information asymmetry, Internet of things, invisible hand, it's over 9,000, iterative process, job automation, Lao Tzu, large language model, lockdown, machine readable, machine translation, Mark Zuckerberg, market bubble, microaggression, Moneyball by Michael Lewis explains big data, natural language processing, Netflix Prize, Network effects, Northpointe / Correctional Offender Management Profiling for Alternative Sanctions, occupational segregation, old-boy network, OpenAI, openstreetmap, paperclip maximiser, pattern recognition, performance metric, personalized medicine, price discrimination, publish or perish, QR code, randomized controlled trial, remote working, risk tolerance, robot derives from the Czech word robota Czech, meaning slave, Ronald Coase, Salesforce, self-driving car, sharing economy, Sheryl Sandberg, Silicon Valley, social distancing, social intelligence, speech recognition, statistical model, stem cell, Stephen Hawking, Steve Jobs, Steve Wozniak, surveillance capitalism, tech worker, TechCrunch disrupt, The Future of Employment, TikTok, Turing test, universal basic income, Wall-E, warehouse automation, women in the workforce, work culture , you are the product
British prime minister Margaret Thatcher famously trained with a vocal coach to give her voice a more male-sounding, authoritative pitch. More recently, Elizabeth Holmes, the ousted Theranos founder who was later criminally convicted, favored a low, baritone authoritative voice as part of her invented persona (along with her Steve Jobs–lookalike turtlenecks). Design decisions to exaggerate male and female speech characteristics are salient examples of biased—and entirely unnecessary—gendering. Later versions of both male and female text-to-speech voices have been faring somewhat better on the anti-stereotype scale and reflect the potential to challenge gender norms while still acknowledging differences.
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Some of her accounts seemed larger than life, and journalists have raised questions about the accuracy of her life story, but what matters is that DiCarlo represented something: a self-made sex tech CEO whose outspokenness, outgoing character, and charisma have a goal—to rid female sexuality of a sense of shame or hiding. She appeared at Women in Tech Sweden and at TechCrunch Disrupt. She was described by one journalist as “the X-rated version of Steve Jobs, as much on display as the breakthrough tech that she’d invented.” The industry dynamic still seems to lead women, even at the top, to depict themselves in pornified ways, and DiCarlo is no exception. Prior to DiCarlo, products marketed to women at CES typically fell along conventional gendered lines—think Roomba vacuum cleaners, Bluetooth-connected breast pumps, and smart baby monitors.
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It also uses machine learning to make predictions about the presence of child abuse materials in digital files. In 2021, Apple announced that it will begin using new software that aims to stop the spread of child sexual abuse material (CSAM). This new technology would enable Apple to detect known CSAM images stored in iCloud Photos and report the instances to the National Center for Missing and Exploited Children. Apple didn’t anticipate the public outrage of consumers and the media, who claimed that the scanning and monitoring of one’s photo library is an invasion of privacy. The public outrage led Apple to place the initiative on hold. Nonetheless, this kind of technology represents a powerful tool to tackle some of society’s worst ills.
That Used to Be Us by Thomas L. Friedman, Michael Mandelbaum
addicted to oil, Affordable Care Act / Obamacare, Alan Greenspan, Albert Einstein, Amazon Web Services, American Society of Civil Engineers: Report Card, Andy Kessler, Ayatollah Khomeini, bank run, barriers to entry, Bear Stearns, Berlin Wall, blue-collar work, Bretton Woods, business process, call centre, carbon footprint, carbon tax, Carmen Reinhart, Cass Sunstein, centre right, Climatic Research Unit, cloud computing, collective bargaining, corporate social responsibility, cotton gin, creative destruction, Credit Default Swap, crowdsourcing, delayed gratification, drop ship, energy security, Fall of the Berlin Wall, fear of failure, full employment, Google Earth, illegal immigration, immigration reform, income inequality, Intergovernmental Panel on Climate Change (IPCC), job automation, Kenneth Rogoff, knowledge economy, Lean Startup, low interest rates, low skilled workers, Mark Zuckerberg, market design, mass immigration, more computing power than Apollo, Network effects, Nixon triggered the end of the Bretton Woods system, obamacare, oil shock, PalmPilot, pension reform, precautionary principle, proprietary trading, Report Card for America’s Infrastructure, rising living standards, Ronald Reagan, Rosa Parks, Saturday Night Live, shareholder value, Silicon Valley, Silicon Valley startup, Skype, Steve Jobs, the long tail, the scientific method, Thomas L Friedman, too big to fail, University of East Anglia, vertical integration, WikiLeaks
When you undergird markets with the right government rules, regulations, and incentives, “you set the stage for more risk-taking,” said Kennedy. “Predictability actually creates the opportunity and more incentives to innovate.” The country’s economy would scarcely be what it is today without highly motivated risk takers such as Warren Buffett, Bill Gates, and Steve Jobs. But their achievements would not have been possible without the public side of America’s unique public-private partnership for success. And that is why we are worried. The Secret of Our Success Is Too Secret While it is true that in driver education class one of the first things a student learns is not to pass on the turns, in economic history classes students learn that turns are where you get passed.
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Nonetheless, because the merger of globalization and the IT revolution is putting every job under pressure, because well-paying jobs will more and more require a measure of creativity, and because the burden of preparing Americans for the workforce falls so heavily on our schools, the schools must find ways to inspire the three C’s while teaching the three R’s. Here we offer a few examples of what strike us as successful efforts to do so. We begin with Steve Jobs and his often cited 2005 commencement speech at Stanford University. Jobs attended Reed College, in Oregon, for one semester, and then dropped out, but that brief experience left its mark. I naively chose a college that was almost as expensive as Stanford, and all of my working-class parents’ savings were being spent on my college tuition.
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“Show me an obstacle and I will show you an opportunity” is still the motto of many, many Americans, be they business entrepreneurs or civic and charitable entrepreneurs. So Rosa Parks just got on that bus and took her seat; so new immigrants just went out and started 25 percent of the new companies in Silicon Valley in the last decade; so college dropouts named Steve Jobs, Michael Dell, Bill Gates, and Mark Zuckerberg just got up and created four of the biggest companies in the world. So, when all seemed lost in the Iraq war, the U.S. military carried out a surge, not a retreat, because, as one of the officers involved told Tom, “We were just too dumb to quit.” It was never in the plan, but none of them got the word.
The 4-Hour Chef: The Simple Path to Cooking Like a Pro, Learning Anything, and Living the Good Life by Timothy Ferriss
Airbnb, Atul Gawande, Blue Bottle Coffee, Buckminster Fuller, Burning Man, confounding variable, correlation does not imply causation, crowdsourcing, deliberate practice, digital nomad, en.wikipedia.org, Golden Gate Park, happiness index / gross national happiness, haute cuisine, Hugh Fearnley-Whittingstall, Isaac Newton, Johann Wolfgang von Goethe, Kevin Kelly, Kickstarter, language acquisition, Loma Prieta earthquake, loss aversion, Louis Pasteur, Mahatma Gandhi, Marc Andreessen, Mark Zuckerberg, Mason jar, microbiome, off-the-grid, Parkinson's law, Paul Buchheit, Paul Graham, Pepsi Challenge, Pepto Bismol, Ponzi scheme, Ralph Waldo Emerson, San Francisco homelessness, Silicon Valley, Skype, spaced repetition, Stephen Hawking, Steve Jobs, TED Talk, the High Line, Y Combinator
Pictures A and B, below, tell the story of a Ukrainian woman who taught me Cyrillic in 30 minutes, and the whole conversation was two hours long. Here are the 12 sentences, the “Deconstruction Dozen”: The apple is red. It is John’s apple. I give John the apple. We give him the apple. He gives it to John. She gives it to him. Is the apple red? The apples are red. I must give it to him. I want to give it to her. I’m going to know tomorrow. (I have eaten the apple.)16 I can’t eat the apple. The benefits of these few lines can be astonishing. I was once en route to Istanbul and did the 12-sentence audit with a friendly Turk across the aisle.
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SALT (DIAMOND crystal KOSHER + MALDON) In the heyday of the Roman empire, workers were sometimes paid in salt, hence the word salary in English.7 Most chefs agree that salt is the most important ingredient in the kitchen, so don’t cut corners here. Diamond kosher salt is a restaurant staple and will be your workhorse, used before or during cooking. Maldon sea salt (this changed my life) is your “finishing” salt; again, put it on food just before eating. Erik Cosselmon, the executive chef at Kokkari and Evvia, the late Steve Jobs’s favorite restaurant, loves to sit down and eat tomato slices seasoned with nothing but Maldon. I’ve started doing the same with avocados. Salt isn’t only used to change flavor. It can remove moisture, change texture (think Parma ham, prosciutto), counter bitterness (try it on dark chocolate), or help you wash salad greens more easily.
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The Classics LESSON BUILDING FLAVOR SOFFRITTO - * * * “Soffritto is something you need to understand. It’s the key to making things taste delicious.” —CHEF MARCO CANORA * * * I first met Walter Isaacson on a terrace at the Aspen Institute, where he is CEO. He is also a famed biographer of Einstein, Franklin, and—most recently—Steve Jobs. Just two months before Jobs’s unfortunate passing, we were discussing food and learning. The conversation meandered to my fascination with Ben Franklin, which led to the subject of experimentation. Walter, originally from New Orleans, said: “In New Orleans, there’s a saying, ‘First, you make a roux.’”
European Spring: Why Our Economies and Politics Are in a Mess - and How to Put Them Right by Philippe Legrain
3D printing, Airbnb, Alan Greenspan, Asian financial crisis, bank run, banking crisis, barriers to entry, Basel III, battle of ideas, Berlin Wall, Big bang: deregulation of the City of London, book value, Boris Johnson, Bretton Woods, BRICs, British Empire, business cycle, business process, capital controls, Capital in the Twenty-First Century by Thomas Piketty, carbon tax, Carmen Reinhart, Celtic Tiger, central bank independence, centre right, clean tech, collaborative consumption, collapse of Lehman Brothers, collective bargaining, corporate governance, creative destruction, credit crunch, Credit Default Swap, crony capitalism, Crossrail, currency manipulation / currency intervention, currency peg, debt deflation, Diane Coyle, disruptive innovation, Downton Abbey, Edward Glaeser, Elon Musk, en.wikipedia.org, energy transition, eurozone crisis, fear of failure, financial deregulation, financial engineering, first-past-the-post, Ford Model T, forward guidance, full employment, Gini coefficient, global supply chain, Great Leap Forward, Growth in a Time of Debt, high-speed rail, hiring and firing, hydraulic fracturing, Hyman Minsky, Hyperloop, immigration reform, income inequality, interest rate derivative, Intergovernmental Panel on Climate Change (IPCC), Irish property bubble, James Dyson, Jane Jacobs, job satisfaction, Joseph Schumpeter, Kenneth Rogoff, Kickstarter, labour market flexibility, labour mobility, land bank, liquidity trap, low interest rates, margin call, Martin Wolf, mittelstand, moral hazard, mortgage debt, mortgage tax deduction, North Sea oil, Northern Rock, offshore financial centre, oil shale / tar sands, oil shock, open economy, peer-to-peer rental, price stability, private sector deleveraging, pushing on a string, quantitative easing, Richard Florida, rising living standards, risk-adjusted returns, Robert Gordon, savings glut, school vouchers, self-driving car, sharing economy, Silicon Valley, Silicon Valley startup, Skype, smart grid, smart meter, software patent, sovereign wealth fund, Steve Jobs, The Death and Life of Great American Cities, The Wealth of Nations by Adam Smith, too big to fail, total factor productivity, Tyler Cowen, Tyler Cowen: Great Stagnation, working-age population, Zipcar
More than half of start-ups founded there between 1995 and 2005 had a migrant as a chief executive or lead technologist.654 While a tightening of visa rules and the rise of China and India have reduced immigrants’ contribution somewhat, they still co-founded 43.9 per cent of Silicon Valley start-ups between 2006 and 2012.655 Companies co-founded by migrants – many of whom arrived as children, not through some pseudo-scientific government selection process – include stand-out successes such as Google, Yahoo, eBay, PayPal, YouTube, Hotmail, Sun Microsystems, Intel and WhatsApp. Steve Jobs, the co-founder of Apple, had a mixed heritage too: his biological father was Syrian-born, his biological mother Swiss American and his adoptive one Armenian American. Across the US economy, migrants make an outsized contribution: a quarter of start-ups are co-founded by them.656 They co-founded a quarter of start-ups in manufacturing, defence and aerospace; more than a fifth in bioscience; and a fifth in clean tech.657 Many US-based entrepreneurs are European.
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DYNAMIC How to create new ideas and businesses There’s a temptation in our networked age to think that ideas can be developed by e-mail and iChat. That’s crazy. Creativity comes from spontaneous meetings, from random discussions. You run into someone, you ask what they’re doing, you say ‘Wow’, and soon you’re cooking up all sorts of ideas. Steve Jobs, co-founder of Apple587 Capitalism… is by nature a form or method of economic change and not only never is but never can be stationary… The fundamental impulse that sets and keeps the capitalist engine in motion comes from the new consumers’ goods, the new methods of production or transportation, the new markets, the new forms of industrial organisation that capitalist enterprise creates… The opening up of new markets, foreign or domestic, and the organisational development from the craft shop and factory to such concerns as U.S.
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Advanced ones can also inch forward by making incremental improvements to existing ways of doing things. But to grow fast, dynamic economies need to generate lots of genuinely new – and often disruptive – ideas. While these sometimes arrive from individual geniuses coming up with incredible insights in isolation, they mostly emerge from creative collisions between people, as the Steve Jobs quote at the top of the chapter suggests. For those interactions to be fruitful, people need to bring something extra to the party. The saying “two heads are better than one” is true only if the two heads think differently. So to generate lots of new ideas, you need to bring lots of people with different talents and viewpoints together.
Experience on Demand: What Virtual Reality Is, How It Works, and What It Can Do by Jeremy Bailenson
Apollo 11, Apple II, augmented reality, computer vision, deliberate practice, experimental subject, fake news, game design, Google Glasses, income inequality, Intergovernmental Panel on Climate Change (IPCC), iterative process, Ivan Sutherland, Jaron Lanier, low earth orbit, Mark Zuckerberg, Marshall McLuhan, meta-analysis, Milgram experiment, Neal Stephenson, nuclear winter, ocean acidification, Oculus Rift, opioid epidemic / opioid crisis, overview effect, pill mill, randomized controlled trial, Silicon Valley, SimCity, Skinner box, Skype, Snapchat, Steve Jobs, Steve Wozniak, Steven Pinker, TED Talk, telepresence, too big to fail, traumatic brain injury
Of course, trying to predict how a developing technology is going to affect culture is a speculative endeavor, at best. I was reminded of this while giving a talk at a technology conference in 2016 alongside Steve Wozniak, cofounder of Apple. Woz is high on VR—his first HTC Vive experience gave him goose bumps. But he cautions about overspecifying use cases. He told the story of the early days at Apple, and how when he and Steve Jobs made the Apple II, they conceived of it as a home appliance for computer enthusiasts, and believed users would use it to play games, or to store and access recipes in the kitchen. But it turned out it was good for unexpected applications.
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An industry is already growing in Hollywood and Silicon Valley to explore VR as a space for fictional narratives, and within it storytellers from Hollywood and the gaming world, with technical help from technology companies, are beginning to take the tentative early steps in defining the grammar of virtual storytelling. Brett Leonard was a young filmmaker fresh from his hometown of Toledo, Ohio when he landed in Santa Cruz just before the beginning of the first VR boom in 1979. There he fell in with future Silicon Valley icons like Steve Wozniak, Steve Jobs, and Jaron Lanier. Jaron is also one of our most incisive and visionary thinkers about technology and its effects on human commerce and culture; at the time, as well as now, he was the very public face of virtual reality, a term he coined and popularized. Leonard was a big fan of technology and science fiction when his trip to Silicon Valley dropped him into what must have seemed the most interesting place in the world, amidst a group of people who were already playing a significant role in shaping the future.
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See VR advocacy ageism, 84–85, 87–88, 93–95 Ahn, Sun Joo, 90–91, 114–16 AI (artificial intelligence), 225 air rage incidents, 211–12 Alito, Samuel, 65 Allen, Barbara, 203–4 Alzheimer’s, 146 Andreesen-Horowitz, 7 animal rights, 102–7 animal studies, 55–56 animated shorts, 226 anonymity, 201 Apollo missions, 108–10 Apple Computers Incorporated, 11, 195 Apple II, 11 archaeological sites, VR reconstruction of, 246 ARCHAVE system, 246 Arizona Cardinals, 16–17, 18, 33 astronomy, 108–10 AT&T, 179 athletics, 14–18, 27–28, 30–39, 100–102 attention, 36, 71, 219–20 audiovisual technology, 25–26 Augmented Reality, 71 avatar limb movements, 161, 162–66 avatars, 61–62, 86–87, 94, 99, 248–49 animal, 103–5 facial expressions and, 194–201 photorealistic, volumetric, 208 race and, 88–89 teacher, 242–44 three-dimensional, 168 vs. video, 195–200 avatar trolling, 202 aviation, 24 baby-boomers, aging of, 153 Bagai, Shaun, 176–77, 179–80, 188 Baidu, 235 Bailenson, Jeremy, 1–5, 7–9, 18, 35–36, 84, 99, 100–104, 112–13, 248–50 “Effects of Mass Media” course, 60 “The Effects of Mass Media” course at Stanford, 51 Infinite Reality, 111, 226 Virtual People class, 29–30, 58–59, 66, 242 Banaji, Mahzarin, 89 Bandura, Albert, 59–60 bandwidth, 197–98 Baron, Marty, 204 Beall, Andy, 29 “Becoming Homeless,” 98 behavior modeling, 59–65, 252–53 Belch, Derek, 29–30, 33–34 Bernstein, Lewis, 229–32 Blascovich, Jim, 226, 248 blindness, 92 Bloom, Benjamin S., 243 Bloomgren, Mike, 32 Bobo-doll study, 59–60 body adaptation, studies of, 165–68 body maps, 164–65 body movements, 181–84 measuring, 22 utilization of, 38 body transfer, 86, 92–95, 104–5 Bolas, Mark, 7, 29 Bostick, Joshua, 103–7 boundary effect, 94–95 Bower, Jim, 165 Brady, Mathew, 205–6 brain mapping, 167 brains, effect of VR on, 52–58 brain science, behavior modeling and, 60–61 BRAVEMIND, 148 Breivik, Anders Behring, 65 Falconer, Caroline, 106–7 Bridgeway Island Elementary School, 132–33 Brown, Thackery, 54 Brown, Veronica, 134 Brown v.
Bitcoin Billionaires: A True Story of Genius, Betrayal, and Redemption by Ben Mezrich
airport security, Albert Einstein, bank run, Ben Horowitz, Big Tech, bitcoin, Bitcoin Ponzi scheme, blockchain, Burning Man, buttonwood tree, cryptocurrency, East Village, El Camino Real, Elon Musk, fake news, family office, fault tolerance, fiat currency, financial engineering, financial innovation, game design, information security, Isaac Newton, junk bonds, Marc Andreessen, Mark Zuckerberg, Max Levchin, Menlo Park, Metcalfe’s law, Michael Milken, new economy, offshore financial centre, paypal mafia, peer-to-peer, Peter Thiel, Ponzi scheme, proprietary trading, QR code, Ronald Reagan, Ross Ulbricht, Sand Hill Road, Satoshi Nakamoto, Savings and loan crisis, Schrödinger's Cat, self-driving car, Sheryl Sandberg, side hustle, side project, Silicon Valley, Skype, smart contracts, South of Market, San Francisco, Steve Jobs, Susan Wojcicki, transaction costs, Virgin Galactic, zero-sum game
He didn’t care that it was the same desk he had been using since junior high, then in high school at the Yeshiva, and then while he’d made his way back and forth to Brooklyn College for his undergraduate degree. He knew that one day this place was going to be on the cover of magazines, maybe even carefully chopped up and carted off to the Smithsonian, to sit right next to George Washington’s teeth and Steve Jobs’s first Mac. Okay, he wasn’t sure that Jobs’s Mac was in the Smithsonian, but it damn well should have been, and Charlie’s desk was going to end up right next to it. In California, they launched revolutions from garages: Jobs and Woz building personal computers next to a rack of pocket wrenches in a garage in Los Altos, Bill Hewitt and Dave Packard making oscillators behind barn-like doors in a garage in Palo Alto, and Larry Page and Sergey Brin inventing Google as Stanford grad students in Susan Wojcicki’s garage in Menlo Park.
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Instead Howard enjoyed talking about the things that he was passionate about most—business, technology, computers, math, financial markets—while Carol rounded out the conversation with topics like literature, film, human interest, culture, and the arts. Howard and Carol were both intellectual heavyweights in their own unique way, and together they covered a huge swatch of knowledge and wisdom. Cameron and Tyler’s role models growing up were not sports figures; they were startup founders like Steve Jobs and Bill Gates, the people who were in the business magazines they read in their father’s office and who, like their father, were trying to change the world through technology. While Howard taught his children everything he knew about business, Carol ensured that they got a much broader education in life.
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Better yet, Charlie thought to himself as he stepped through the oversize double doors that led into a living room surrounded by plate glass windows looking out on a balcony big enough to sport what appeared to be an actual apple orchard—not potted plants, not some terraced bullshit with vines poking through latticework from IKEA or Pottery Barn, but a real live orchard, apples and all—forget the burning bush, why not a SoHo loft filled to the brim with European runway models. Then again, to call this place a “loft” was a truly unimaginative use of the English language. If he couldn’t feel Voorhees a step behind him, practically pushing him through the threshold and down the short steps that led to the carpeted main level, Charlie would have thought he’d passed out in the short cab ride over from the Flatiron District, and had entered some sort of fugue state.
No Rules Rules: Netflix and the Culture of Reinvention by Reed Hastings, Erin Meyer
Airbnb, An Inconvenient Truth, Downton Abbey, Elon Musk, en.wikipedia.org, FedEx blackjack story, global village, hiring and firing, job-hopping, karōshi / gwarosa / guolaosi, late fees, loose coupling, loss aversion, out of africa, performance metric, Saturday Night Live, Sheryl Sandberg, Silicon Valley, Skype, Stephen Hawking, Steve Ballmer, Steve Jobs, subscription business, super pumped, tech worker, The last Blockbuster video rental store is in Bend, Oregon, work culture
However, true to the “honesty-always” culture at Netflix, many were happy to share all sorts of surprising and sometimes unflattering opinions and stories about themselves and their employer, while being identified openly. YOU HAVE TO CONNECT THE DOTS DIFFERENTLY In his famous commencement speech at Stanford University, Steve Jobs said: “You can’t connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future. You have to trust in something—your gut, destiny, life, karma, whatever. This approach has never let me down, and it has made all the difference in my life.”
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We don’t want people putting aside a great idea because the manager doesn’t see how great it is. That’s why we say at Netflix: DON’T SEEK TO PLEASE YOUR BOSS. SEEK TO DO WHAT IS BEST FOR THE COMPANY. There’s a whole mythology about CEOs and other senior leaders who are so involved in the details of the business that their product or service becomes amazing. The legend of Steve Jobs was that his micromanagement made the iPhone a great product. The heads of major networks and movie studios sometimes make many decisions about the creative content of their projects. Some executives even go so far as to boast about being “nanomanagers.” Of course, at most companies, even at those who have leaders who don’t micromanage, employees seek to make the decision the boss is most likely to support.
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In addition, Netflix garnered seventeen nominations at the Golden Globes, more than any other network or streaming service, and in 2019 earned the No. 1 spot as the most highly regarded company in America on the Reputation Institute’s annual national ranking. Employees love Netflix also. In a 2018 survey conducted by Hired (a dot-com marketplace for tech talent), tech workers rated Netflix as the No. 1 company they’d most like to work for, beating companies like Google (No. 2), Elon Musk’s Tesla (No. 3), and Apple (No. 6). In another 2018 “Happiest Employee” ranking, based on over five million anonymous reviews from workers at forty-five thousand large US companies compiled by the staff of Comparably, a compensation and careers site, Netflix was ranked as having the second-happiest employees of the many thousands ranked.
The Creative Curve: How to Develop the Right Idea, at the Right Time by Allen Gannett
Alfred Russel Wallace, collective bargaining, content marketing, data science, David Brooks, deliberate practice, Desert Island Discs, Elon Musk, en.wikipedia.org, gentrification, glass ceiling, iterative process, lone genius, longitudinal study, Lyft, Mark Zuckerberg, McMansion, pattern recognition, profit motive, randomized controlled trial, recommendation engine, Richard Florida, ride hailing / ride sharing, Salesforce, Saturday Night Live, sentiment analysis, Silicon Valley, Silicon Valley startup, Skype, Snapchat, South of Market, San Francisco, Steve Jobs, TED Talk, too big to fail, uber lyft, work culture
Rowling being struck with the idea for Harry Potter on a train to London, or Mozart being able to compose songs without effort, these accounts have become modern-day staples of what I call the inspiration theory of creativity: the idea that creative success results from a mysterious internal process punctuated by unpredictable flashes of genius. And our culture has embraced the idea that a self-reliant person, born with the right innate talents, can produce hits out of sheer inspiration. What’s more, this view is not confined to the traditional arts, like music and literature. Steve Jobs, the prototypical genius of the digital age, explained, in an often-repeated quote, that creativity is an organic process: “When you ask creative people how they did something, they feel a little guilty because they didn’t really do it, they just saw something.” The inspiration theory of creativity dominates how most people think about creative greatness today.
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They abandon their dreams and become consumers of culture, rather than creators of it. A recent global study of five thousand people found that only 25 percent believe they are fulfilling their creative potential. On the other hand, there are a handful of creative geniuses, from Pablo Picasso to Steve Jobs, who do achieve large-scale commercial success. How do they do it? And why are the results for most of us so bad? Are these creative geniuses born with an instinct for turning ideas into things to be revered? Are they just lucky, or is there something beyond our understanding at play? Do most of us have no chance at achieving mainstream success?
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Terman succeeded in helping change the perception of genius to being a positive attribute. This is a quick version of the path that has led to today’s version of the inspiration theory of creativity: the idea that creativity results from a mysterious internal process punctuated by random flashes of inspiration. Today we may still see geniuses often as neurotic (think Steve Jobs or Elon Musk), but they are no longer seen as dangerous, or deserving of castigation. Today, genius is seen as something to be celebrated. But, if Terman’s study showed that IQ and creativity are not tied together, where does creative talent come from? Name as many uncommon uses for a hair dryer as you can.
What Would the Great Economists Do?: How Twelve Brilliant Minds Would Solve Today's Biggest Problems by Linda Yueh
3D printing, additive manufacturing, Asian financial crisis, augmented reality, bank run, banking crisis, basic income, Bear Stearns, Ben Bernanke: helicopter money, Berlin Wall, Bernie Sanders, Big bang: deregulation of the City of London, bike sharing, bitcoin, Branko Milanovic, Bretton Woods, BRICs, business cycle, Capital in the Twenty-First Century by Thomas Piketty, clean water, collective bargaining, computer age, Corn Laws, creative destruction, credit crunch, Credit Default Swap, cryptocurrency, currency peg, dark matter, David Ricardo: comparative advantage, debt deflation, declining real wages, deindustrialization, Deng Xiaoping, Doha Development Round, Donald Trump, endogenous growth, everywhere but in the productivity statistics, export processing zone, Fall of the Berlin Wall, fear of failure, financial deregulation, financial engineering, financial innovation, Financial Instability Hypothesis, fixed income, forward guidance, full employment, general purpose technology, Gini coefficient, Glass-Steagall Act, global supply chain, Great Leap Forward, Gunnar Myrdal, Hyman Minsky, income inequality, index card, indoor plumbing, industrial robot, information asymmetry, intangible asset, invisible hand, job automation, John Maynard Keynes: Economic Possibilities for our Grandchildren, joint-stock company, Joseph Schumpeter, laissez-faire capitalism, land reform, lateral thinking, life extension, low interest rates, low-wage service sector, manufacturing employment, market bubble, means of production, middle-income trap, mittelstand, Money creation, Mont Pelerin Society, moral hazard, mortgage debt, negative equity, Nelson Mandela, non-tariff barriers, Northern Rock, Occupy movement, oil shale / tar sands, open economy, paradox of thrift, Paul Samuelson, price mechanism, price stability, Productivity paradox, purchasing power parity, quantitative easing, RAND corporation, rent control, rent-seeking, reserve currency, reshoring, road to serfdom, Robert Shiller, Robert Solow, Ronald Coase, Ronald Reagan, school vouchers, secular stagnation, Shenzhen was a fishing village, Silicon Valley, Simon Kuznets, special economic zone, Steve Jobs, technological determinism, The Chicago School, The Wealth of Nations by Adam Smith, Thomas Malthus, too big to fail, total factor productivity, trade liberalization, universal basic income, unorthodox policies, Washington Consensus, We are the 99%, women in the workforce, working-age population
Haemorrhaging cash and sitting on a stockpile of unsold handsets valued at $930 million, it was bought out by a consortium led by Toronto-based private equity group Fairfax Financial in 2013. The price was just $4.9 billion. Together, Nokia and RIM have seen roughly $200 billion evaporate. How? In 2007 Steve Jobs walked onto the stage at the Moscone Center in San Francisco, pulled an iPhone from his pocket and talked of a revolutionary product that was going to change everything. The rest, as they say, is history. Apple’s take-off, along with Google’s Android system, has mirrored the decline at Nokia and RIM. So where did Nokia and RIM go wrong? Were they just the latest victims of ‘creative destruction’ in the digital age?
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Now that China has overtaken Japan economically, could its companies become the next global competitors? Just as one company can overtake another, so one country can overtake another too. Innovation, of course, takes many forms. But there’s one thing in common: talent. It’s what Joseph Schumpeter pointed out, which is that innovation comes from innovators. Can China produce the next Steve Jobs, for instance? Will there be innovators that transform the way that we live through their inventions and ingenuity? The answer to the question of Chinese innovativeness goes beyond manufacturing and into all areas of society, including the creative industries. The Chinese government is actively investing in innovation.
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If the trend continues, three-quarters of the firms currently listed on the S&P 500 will be replaced by 2027.41 Apple and Samsung What about the disrupter Apple? Could US technology giant Apple’s empire fall? Apple has made bumper profits from international sales. In 2017, it was the most valuable traded company in the world in history. And what about Korea’s Samsung, the market leader in the global smartphone market? Japan’s Sony is a cautionary tale. During the 1980s and early 1990s, Sony was the Apple of its day. The company was synonymous with quality in the electronics industry. In 1979 it launched the iconic Walkman.
The Great Economists: How Their Ideas Can Help Us Today by Linda Yueh
3D printing, additive manufacturing, Asian financial crisis, augmented reality, bank run, banking crisis, basic income, Bear Stearns, Ben Bernanke: helicopter money, Berlin Wall, Bernie Sanders, Big bang: deregulation of the City of London, bike sharing, bitcoin, Branko Milanovic, Bretton Woods, BRICs, business cycle, Capital in the Twenty-First Century by Thomas Piketty, clean water, collective bargaining, computer age, Corn Laws, creative destruction, credit crunch, Credit Default Swap, cryptocurrency, currency peg, dark matter, David Ricardo: comparative advantage, debt deflation, declining real wages, deindustrialization, Deng Xiaoping, Doha Development Round, Donald Trump, endogenous growth, everywhere but in the productivity statistics, export processing zone, Fall of the Berlin Wall, fear of failure, financial deregulation, financial engineering, financial innovation, Financial Instability Hypothesis, fixed income, forward guidance, full employment, general purpose technology, Gini coefficient, Glass-Steagall Act, global supply chain, Great Leap Forward, Gunnar Myrdal, Hyman Minsky, income inequality, index card, indoor plumbing, industrial robot, information asymmetry, intangible asset, invisible hand, job automation, John Maynard Keynes: Economic Possibilities for our Grandchildren, joint-stock company, Joseph Schumpeter, laissez-faire capitalism, land reform, lateral thinking, life extension, low interest rates, manufacturing employment, market bubble, means of production, middle-income trap, mittelstand, Money creation, Mont Pelerin Society, moral hazard, mortgage debt, negative equity, Nelson Mandela, non-tariff barriers, Northern Rock, Occupy movement, oil shale / tar sands, open economy, paradox of thrift, Paul Samuelson, price mechanism, price stability, Productivity paradox, purchasing power parity, quantitative easing, RAND corporation, rent control, rent-seeking, reserve currency, reshoring, road to serfdom, Robert Shiller, Robert Solow, Ronald Coase, Ronald Reagan, school vouchers, secular stagnation, Shenzhen was a fishing village, Silicon Valley, Simon Kuznets, special economic zone, Steve Jobs, technological determinism, The Chicago School, The Wealth of Nations by Adam Smith, Thomas Malthus, too big to fail, total factor productivity, trade liberalization, universal basic income, unorthodox policies, Washington Consensus, We are the 99%, women in the workforce, working-age population
Haemorrhaging cash and sitting on a stockpile of unsold handsets valued at $930 million, it was bought out by a consortium led by Toronto-based private equity group Fairfax Financial in 2013. The price was just $4.9 billion. Together, Nokia and RIM have seen roughly $200 billion evaporate. How? In 2007 Steve Jobs walked onto the stage at the Moscone Center in San Francisco, pulled an iPhone from his pocket and talked of a revolutionary product that was going to change everything. The rest, as they say, is history. Apple’s take-off, along with Google’s Android system, has mirrored the decline at Nokia and RIM. So where did Nokia and RIM go wrong? Were they just the latest victims of ‘creative destruction’ in the digital age?
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Now that China has overtaken Japan economically, could its companies become the next global competitors? Just as one company can overtake another, so one country can overtake another too. Innovation, of course, takes many forms. But there’s one thing in common: talent. It’s what Joseph Schumpeter pointed out, which is that innovation comes from innovators. Can China produce the next Steve Jobs, for instance? Will there be innovators that transform the way that we live through their inventions and ingenuity? The answer to the question of Chinese innovativeness goes beyond manufacturing and into all areas of society, including the creative industries. The Chinese government is actively investing in innovation.
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If the trend continues, three-quarters of the firms currently listed on the S&P 500 will be replaced by 2027.41 Apple and Samsung What about the disrupter Apple? Could US technology giant Apple’s empire fall? Apple has made bumper profits from international sales. In 2017, it was the most valuable traded company in the world in history. And what about Korea’s Samsung, the market leader in the global smartphone market? Japan’s Sony is a cautionary tale. During the 1980s and early 1990s, Sony was the Apple of its day. The company was synonymous with quality in the electronics industry. In 1979 it launched the iconic Walkman.
Rework by Jason Fried, David Heinemeier Hansson
call centre, Clayton Christensen, Dean Kamen, Exxon Valdez, fault tolerance, fixed-gear, James Dyson, Jeff Bezos, Ralph Nader, risk tolerance, Ruby on Rails, Steve Jobs, Tony Hsieh, Y Combinator
And here’s a list of some of the people we know, and don’t know, who have inspired us in one way or another: Frank Lloyd Wright Seth Godin Warren Buffett Jamie Larson Clayton Christensen Ralph Nader Jim Coudal Benjamin Franklin Ernest Kim Jeff Bezos Scott Heiferman Antoni Gaudi Carlos Segura Larry David Steve Jobs Dean Kamen Bill Maher Thomas Jefferson Mies van der Rohe Ricardo Semler Christopher Alexander James Dyson Kent Beck Thomas Paine Gerald Weinberg Kathy Sierra Julia Child Marc Hedlund Nicholas Karavites Michael Jordan Richard Bird Jeffrey Zeldman Dieter Rams Judith Sheindlin Ron Paul Timothy Ferriss Copyright © 2010 by 37signals, LLC.
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You wind up offering your competitor’s products with a different coat of paint. If you’re planning to build “the iPod killer” or “the next Pokemon,” you’re already dead. You’re allowing the competition to set the parameters. You’re not going to out-Apple Apple. They’re defining the rules of the game. And you can’t beat someone who’s making the rules. You need to redefine the rules, not just build something slightly better. Don’t ask yourself whether you’re “beating” Apple (or whoever the big boy is in your industry). That’s the wrong question to ask. It’s not a win-or-lose battle. Their profits and costs are theirs. Yours are yours. If you’re just going to be like everyone else, why are you even doing this?
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Audi takes on Lexus’s automatic parking systems with ads that say Audi drivers know how to park their own cars. Another ad gives a side-by-side comparison of BMW and Audi owners: The BMW owner uses the rearview mirror to adjust his hair while the Audi driver uses the mirror to see what’s behind him. Apple jabs at Microsoft with ads that compare Mac and PC owners, and 7UP bills itself as the Uncola. Under Armour positions itself as Nike for a new generation. All these examples show the power and direction you can gain by having a target in your sights. Who do you want to take a shot at? You can even pit yourself as the opponent of an entire industry.
Superforecasting: The Art and Science of Prediction by Philip Tetlock, Dan Gardner
Affordable Care Act / Obamacare, Any sufficiently advanced technology is indistinguishable from magic, availability heuristic, behavioural economics, Black Swan, butterfly effect, buy and hold, cloud computing, cognitive load, cuban missile crisis, Daniel Kahneman / Amos Tversky, data science, desegregation, drone strike, Edward Lorenz: Chaos theory, forward guidance, Freestyle chess, fundamental attribution error, germ theory of disease, hindsight bias, How many piano tuners are there in Chicago?, index fund, Jane Jacobs, Jeff Bezos, Kenneth Arrow, Laplace demon, longitudinal study, Mikhail Gorbachev, Mohammed Bouazizi, Nash equilibrium, Nate Silver, Nelson Mandela, obamacare, operational security, pattern recognition, performance metric, Pierre-Simon Laplace, place-making, placebo effect, precautionary principle, prediction markets, quantitative easing, random walk, randomized controlled trial, Richard Feynman, Richard Thaler, Robert Shiller, Ronald Reagan, Saturday Night Live, scientific worldview, Silicon Valley, Skype, statistical model, stem cell, Steve Ballmer, Steve Jobs, Steven Pinker, tacit knowledge, tail risk, the scientific method, The Signal and the Noise by Nate Silver, The Wisdom of Crowds, Thomas Bayes, Watson beat the top human players on Jeopardy!
How can they act with relentless determination if they readily adjust their thinking in light of new information or even conclude they were wrong? And underlying superforecasting is a spirit of humility—a sense that the complexity of reality is staggering, our ability to comprehend limited, and mistakes inevitable. No one ever described Winston Churchill, Steve Jobs, or any other great leader as “humble.” Well, maybe Gandhi. But try to name a second and a third. And consider how the superteams operated. They were given guidance on how to form an effective team, but nothing was imposed. No hierarchy, no direction, no formal leadership. These little anarchist cells may work as forums for the endless consideration and reconsideration superforecasters like to engage in but they’re hardly organizations that can pull together and get things done.
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“Ironically,” Damian McKinney told the Financial Times, “companies are much more focused on what I call ‘command and control’ than their military counterparts.”28 A Peculiar Type of Humility But there’s still the vexing question of humility. No one ever called Winston Churchill or Steve Jobs humble. Same with David Petraeus. From West Point cadet onward, Petraeus believed he had the right stuff to become a top general. The same self-assurance can be seen in many of the leaders and thinkers whose judgment I have singled out in this book: Helmuth von Moltke, Sherman Kent, even Archie Cochrane, who had the chutzpah to call out the most eminent authorities.
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But if you actually look at the 1.3 billion phones that get sold, I’d prefer to have our software in 60% or 70% or 80% of them, than I would to have 2% or 3%, which is what Apple might get.” That clarifies some things. For one, Ballmer was clearly referring to the global mobile phone market, so it’s wrong to measure his forecast against US or global smartphone market share. Using data from the Gartner IT consulting group, I calculated that the iPhone’s share of global mobile phone sales in the third quarter of 2013 was roughly 6%.4 That’s higher than the “2% or 3%” Ballmer predicted, but unlike the truncated version so often quoted, it’s not laugh-out-loud wrong. Note also that Ballmer didn’t say the iPhone would be a bust for Apple. Indeed, he said, “They may make a lot of money.”
Rebooting India: Realizing a Billion Aspirations by Nandan Nilekani
Airbnb, Atul Gawande, autonomous vehicles, barriers to entry, bitcoin, call centre, carbon credits, cashless society, clean water, cloud computing, collaborative consumption, congestion charging, DARPA: Urban Challenge, data science, dematerialisation, demographic dividend, digital rights, driverless car, Edward Snowden, en.wikipedia.org, energy security, fail fast, financial exclusion, gamification, Google Hangouts, illegal immigration, informal economy, information security, Khan Academy, Kickstarter, knowledge economy, land reform, law of one price, M-Pesa, machine readable, Mahatma Gandhi, Marc Andreessen, Mark Zuckerberg, mobile money, Mohammed Bouazizi, more computing power than Apollo, Negawatt, Network effects, new economy, off-the-grid, offshore financial centre, price mechanism, price stability, rent-seeking, RFID, Ronald Coase, school choice, school vouchers, self-driving car, sharing economy, Silicon Valley, single source of truth, Skype, smart grid, smart meter, software is eating the world, source of truth, Steve Jobs, systems thinking, The future is already here, The Nature of the Firm, transaction costs, vertical integration, WikiLeaks, work culture
This approach has helped to support some of the biggest technological and scientific breakthroughs of our time—consider that the development of the internet, the human genome project, nuclear technology, antibiotics and GPS have all benefited from early government support. Discussing the enormously popular products that came out of Apple under the leadership of Steve Jobs, Mazzucato says, ‘The genius . . . of Steve Jobs led to massive profits and success, largely because Apple was able to ride the wave of massive state investments in the revolutionary technologies that underpin the iPhone and iPad: the internet, GPS, touchscreen displays and communication technologies. Without these publicly funded technologies, there would have been no wave to . . . surf.’
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In Sweden, you can buy a magazine from a homeless vendor, or make a donation in a church, and pay with your credit card.14 PayPal, was an early pioneer in online payments, and services like Square, Paytm, MobiKwik, Apple Pay and Ezetap (founded by our former UIDAI colleague Sanjay Swamy) offer a multitude of electronic payment options to the consumer, whether it’s turning your phone into a mobile terminal that can process credit card payments, or letting you pay by simply tapping your phone against a point-of-sale terminal in a store. Smartphones like Apple’s iPhone 6 now come equipped with fingerprint readers so that adding your fingerprint data to every online transaction increases the security and reliability of such payment systems.
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http://www.popsci.com/cars/article/2013-09/google-self-driving-car Winkler, Rolfe, and Macmillan, Douglas. 2 February, 2015. ‘Uber Chases Google in Self-Driving Cars With Carnegie Mellon Deal’. Wall Street Journal. http://blogs.wsj.com/digits/2015/02/02/uber-chases-google-in-self-driving-cars/ Taylor, Edward, and Oreskovic, Alexei. 14 February 2015. ‘Apple studies self-driving car, auto industry source says’. Reuters. http://www.reuters.com/article/2015/02/14/us-apple-autos-idUSKBN0LI0IJ20150214. 17. 18 September 2014. ‘Coming to a street near you’. Economist. http://www.economist.com/news/business-and-finance/21618531-making-autonomous-vehicles-reality-coming-street-near-you 18. Pauker, Benjamin. 29 April 2013.
The Innovation Illusion: How So Little Is Created by So Many Working So Hard by Fredrik Erixon, Bjorn Weigel
Airbnb, Alan Greenspan, Albert Einstein, American ideology, asset allocation, autonomous vehicles, barriers to entry, Basel III, Bernie Madoff, bitcoin, Black Swan, blockchain, Blue Ocean Strategy, BRICs, Burning Man, business cycle, Capital in the Twenty-First Century by Thomas Piketty, Cass Sunstein, classic study, Clayton Christensen, Colonization of Mars, commoditize, commodity super cycle, corporate governance, corporate social responsibility, creative destruction, crony capitalism, dark matter, David Graeber, David Ricardo: comparative advantage, discounted cash flows, distributed ledger, Donald Trump, Dr. Strangelove, driverless car, Elon Musk, Erik Brynjolfsson, Fairchild Semiconductor, fear of failure, financial engineering, first square of the chessboard / second half of the chessboard, Francis Fukuyama: the end of history, general purpose technology, George Gilder, global supply chain, global value chain, Google Glasses, Google X / Alphabet X, Gordon Gekko, Greenspan put, Herman Kahn, high net worth, hiring and firing, hockey-stick growth, Hyman Minsky, income inequality, income per capita, index fund, industrial robot, Internet of things, Jeff Bezos, job automation, job satisfaction, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, joint-stock company, Joseph Schumpeter, Just-in-time delivery, Kevin Kelly, knowledge economy, laissez-faire capitalism, low interest rates, Lyft, manufacturing employment, Mark Zuckerberg, market design, Martin Wolf, mass affluent, means of production, middle-income trap, Mont Pelerin Society, Network effects, new economy, offshore financial centre, pensions crisis, Peter Thiel, Potemkin village, precautionary principle, price mechanism, principal–agent problem, Productivity paradox, QWERTY keyboard, RAND corporation, Ray Kurzweil, rent-seeking, risk tolerance, risk/return, Robert Gordon, Robert Solow, Ronald Coase, Ronald Reagan, savings glut, Second Machine Age, secular stagnation, Silicon Valley, Silicon Valley startup, Skype, sovereign wealth fund, Steve Ballmer, Steve Jobs, Steve Wozniak, subprime mortgage crisis, technological determinism, technological singularity, TED Talk, telemarketer, The Chicago School, The Future of Employment, The Nature of the Firm, The Rise and Fall of American Growth, The Wealth of Nations by Adam Smith, too big to fail, total factor productivity, transaction costs, transportation-network company, tulip mania, Tyler Cowen, Tyler Cowen: Great Stagnation, uber lyft, University of East Anglia, unpaid internship, Vanguard fund, vertical integration, Yogi Berra
But in the short term, a strategic move away from its own portfolio of hardware-based intellectual capital and its product stock of low-margin cell phones would risk eroding the value of the company, perhaps radically so. Its technological developers understood the emerging software revolution in mobile phones; it was ahead of Apple both with apps and maps. The business side of the company, however, was afraid a software shift would cannibalize its hardware profile, which at the time dominated. Steve Jobs once said that “if you don’t cannibalize yourself, someone else will.” Nokia did not take that advice. Rather than swiftly destroying that hardware value and making room for something new, it went for a strategy of killing it softly.
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Likewise, there are many successful investors and entrepreneurs whose thinking about innovation and business creation have inspired us. Innovation happens through entrepreneurship and it is impossible to grasp innovation without understanding the business motivations behind it. In reality, books like ours cannot substitute for studies of successful entrepreneurs like Warren Buffett, Steve Jobs, Jeff Bezos, Elon Musk, and Sam Walton, and the business environment they and others created in their respective firms. More people than we can mention have generously taken the time to talk through particular issues with us or showed us the power of new technology and innovative business ideas.
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But if you actually take a look at the 1.3 billion phones that get sold, I’d prefer to have our software in 60% or 70% or 80% of them, than I would to have 2% or 3%, which is what Apple might get.9 Six years after Ballmer’s prediction, only 3 percent of new mobile phones used Microsoft’s operating system while Apple’s iOS had close to 50 percent of the market. And he is not the only executive to have made spurious claims about their products. Around the same time as Ballmer’s brash dismissal of Apple, Research in Motion (RiM), the parent company of BlackBerry, ridiculed the iPhone as a marginal event in the market for cellular phones. That arrogance seemed daring, even at that time.
The Alignment Problem: Machine Learning and Human Values by Brian Christian
Albert Einstein, algorithmic bias, Alignment Problem, AlphaGo, Amazon Mechanical Turk, artificial general intelligence, augmented reality, autonomous vehicles, backpropagation, butterfly effect, Cambridge Analytica, Cass Sunstein, Claude Shannon: information theory, computer vision, Computing Machinery and Intelligence, data science, deep learning, DeepMind, Donald Knuth, Douglas Hofstadter, effective altruism, Elaine Herzberg, Elon Musk, Frances Oldham Kelsey, game design, gamification, Geoffrey Hinton, Goodhart's law, Google Chrome, Google Glasses, Google X / Alphabet X, Gödel, Escher, Bach, Hans Moravec, hedonic treadmill, ImageNet competition, industrial robot, Internet Archive, John von Neumann, Joi Ito, Kenneth Arrow, language acquisition, longitudinal study, machine translation, mandatory minimum, mass incarceration, multi-armed bandit, natural language processing, Nick Bostrom, Norbert Wiener, Northpointe / Correctional Offender Management Profiling for Alternative Sanctions, OpenAI, Panopticon Jeremy Bentham, pattern recognition, Peter Singer: altruism, Peter Thiel, precautionary principle, premature optimization, RAND corporation, recommendation engine, Richard Feynman, Rodney Brooks, Saturday Night Live, selection bias, self-driving car, seminal paper, side project, Silicon Valley, Skinner box, sparse data, speech recognition, Stanislav Petrov, statistical model, Steve Jobs, strong AI, the map is not the territory, theory of mind, Tim Cook: Apple, W. E. B. Du Bois, Wayback Machine, zero-sum game
See also Wainer, “Estimating Coefficients in Linear Models”: “Note also that this sort of scheme [equal weights in a linear model] works well even when an operational criterion is not available.” 35. Dawes, “The Robust Beauty of Improper Linear Models in Decision Making.” 36. Einhorn, “Expert Measurement and Mechanical Combination.” 37. Dawes and Corrigan, “Linear Models in Decision Making.” 38. See Andy Reinhardt, “Steve Jobs on Apple’s Resurgence: ‘Not a One-Man Show,’” Business Week Online, May 12, 1998, http://www.businessweek.com/bwdaily/dnflash/may1998/nf80512d.htm. 39. Holmes and Pollock, Holmes-Pollock Letters. 40. Angelino et al., “Learning Certifiably Optimal Rule Lists for Categorical Data.” See also Zeng, Ustun, and Rudin, “Interpretable Classification Models for Recidivism Prediction”; and Rudin and Radin, “Why Are We Using Black Box Models in AI When We Don’t Need To?”
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Nine months later, in June 2016, the paper ran an article titled “In Wisconsin, a Backlash Against Using Data to Foretell Defendants’ Futures,” which closed by quoting the director of the ACLU’s Criminal Law Reform Project saying, “I think we are kind of rushing into the world of tomorrow with big-data risk assessment.”18 From there the coverage in 2017 only got bleaker—in May, “Sent to Prison by a Software Program’s Secret Algorithms”; in June, “When a Computer Program Keeps You in Jail”; and in October, “When an Algorithm Helps Send You to Prison.” What had happened? What had happened was—in a word—ProPublica. GETTING THE DATA Julia Angwin grew up in Silicon Valley in the 1970s and ’80s, the child of two programmers and a neighbor of Steve Jobs. She assumed from an early age she’d be a programmer for life. Along the way, however, she discovered journalism and fell in love with it. By 2000 she was a technology reporter for the Wall Street Journal. “It was hilarious,” she recounts. “They were like, ‘You know computers? We’ll hire you to cover the internet!’
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See New York Consolidated Laws, Executive Law – EXC § 259-c: “State board of parole; functions, powers and duties.” 16. “New York’s Broken Parole System.” 17. “A Chance to Fix Parole in New York.” 18. Smith, “In Wisconsin, a Backlash Against Using Data to Foretell Defendants’ Futures.” 19. “Quantifying Forgiveness: MLTalks with Julia Angwin and Joi Ito,” https://www.youtube.com/watch?v=qjmkTGfu9Lk. Regarding Steve Jobs, see Eric Johnson, “It May Be ‘Data Journalism,’ but Julia Angwin’s New Site the Markup Is Nothing Like FiveThirtyEight,” https://www.recode.net/2018/9/27/17908798/julia-angwin-markup-jeff-larson-craig-newmark-data-investigative-journalism-peter-kafka-podcast. 20. The book is Angwin, Dragnet Nation. 21.
Everything for Everyone: The Radical Tradition That Is Shaping the Next Economy by Nathan Schneider
1960s counterculture, Aaron Swartz, Adam Curtis, Affordable Care Act / Obamacare, Airbnb, altcoin, Amazon Mechanical Turk, antiwork, back-to-the-land, basic income, Berlin Wall, Bernie Sanders, bitcoin, Black Lives Matter, blockchain, Brewster Kahle, Burning Man, Capital in the Twenty-First Century by Thomas Piketty, carbon footprint, carbon tax, Clayton Christensen, collaborative economy, collective bargaining, commons-based peer production, Community Supported Agriculture, corporate governance, creative destruction, crowdsourcing, cryptocurrency, Debian, degrowth, disruptive innovation, do-ocracy, Donald Knuth, Donald Trump, Edward Snowden, Elon Musk, emotional labour, Ethereum, ethereum blockchain, Evgeny Morozov, Fairphone, Food sovereignty, four colour theorem, future of work, Gabriella Coleman, gentrification, gig economy, Google bus, holacracy, hydraulic fracturing, initial coin offering, intentional community, Internet Archive, Jeff Bezos, Jeremy Corbyn, jimmy wales, John Perry Barlow, joint-stock company, Joseph Schumpeter, Julian Assange, Kevin Roose, Kickstarter, low interest rates, Lyft, M-Pesa, Marc Andreessen, Mark Zuckerberg, Marshall McLuhan, mass immigration, means of production, Money creation, multi-sided market, Murray Bookchin, new economy, offshore financial centre, old-boy network, Peter H. Diamandis: Planetary Resources, Pier Paolo Pasolini, post-work, precariat, premature optimization, pre–internet, profit motive, race to the bottom, Richard Florida, Richard Stallman, ride hailing / ride sharing, Rutger Bregman, Salesforce, Sam Altman, Satoshi Nakamoto, self-driving car, shareholder value, sharing economy, Silicon Valley, Slavoj Žižek, smart contracts, Steve Bannon, Steve Jobs, Steve Wozniak, Stewart Brand, surveillance capitalism, tech worker, TED Talk, transaction costs, Turing test, Uber and Lyft, uber lyft, underbanked, undersea cable, universal basic income, Upton Sinclair, Vanguard fund, Vitalik Buterin, W. E. B. Du Bois, white flight, Whole Earth Catalog, WikiLeaks, women in the workforce, working poor, workplace surveillance , Y Combinator, Y2K, Zipcar
It’s how smartphones have replaced everything from alarm clocks and record collections to asking driving directions from a gas-station attendant. The disrupters can win big. Christensen’s peers credited him with discovering a motive force in contemporary capitalism, a sunny successor to the “creative destruction” that Karl Marx, and then Joseph Schumpeter, observed in the industrial age. Thus we deify serial disrupters like Steve Jobs and Elon Musk. But what about the disrupted—those who endure the effects? In centuries past, among St. Clare’s nuns and the Diggers, among the Rochdale Pioneers and the Knights of Labor, cooperative economies have tended to take hold on the receiving end of economic upheavals. What cooperators built then became infrastructure for the new order, more or less in tension with it, a lifeline that enabled people who would otherwise be left behind to survive and flourish.
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Although their projects often relied on state or corporate subsidies, they envisioned their efforts as apolitical, wrapped in the “safe neutrality” of information, as Roszak put it. With the power of information, they imagined, old-fashioned political and economic power wouldn’t be needed anymore. Meanwhile, Wozniak’s “homebrew” gadget grew into Steve Jobs’s Wall Street behemoth, which now holds more cash reserves than the US Treasury. Alongside its proprietary tendencies, the Bay Area tech culture still provides leaven for experiments in social organization. Pop-up [freespace] sites have turned unused downtown storefronts into drop-in hackathons—before the founders moved the model to refugee camps in Greece and Africa.
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When tech people talk about “democratizing” something, like driving directions or online banking, what they really mean is access. Access is fine, but it’s just access. It’s a drive-through window, not a door. Access is only part of what democracy has always entailed—alongside real ownership, governance, and accountability. Democracy is a process, not a product. Apple’s Orwell-themed 1984 Super Bowl commercial presented the personal computer as a hammer in the face of Big Brother; later that year, after Election Day, the company printed an ad in Newsweek that proposed “the principle of democracy as it applies to technology”: “One person, one computer.” The best-selling futurist handbook of the same period, John Naisbitt’s Megatrends, likewise promised that “the computer will smash the pyramid,” and with its networks “we can restructure our institutions horizontally.”16 What we’ve gotten instead are apps from online monopolies accountable to their almighty stock tickers.
Broken Markets: A User's Guide to the Post-Finance Economy by Kevin Mellyn
Alan Greenspan, banking crisis, banks create money, Basel III, Bear Stearns, Bernie Madoff, Big bang: deregulation of the City of London, bond market vigilante , Bonfire of the Vanities, bonus culture, Bretton Woods, BRICs, British Empire, business cycle, buy and hold, call centre, Carmen Reinhart, central bank independence, centre right, cloud computing, collapse of Lehman Brothers, collateralized debt obligation, compensation consultant, corporate governance, corporate raider, creative destruction, credit crunch, crony capitalism, currency manipulation / currency intervention, currency risk, disintermediation, eurozone crisis, fiat currency, financial innovation, financial repression, floating exchange rates, Fractional reserve banking, Glass-Steagall Act, global reserve currency, global supply chain, Home mortgage interest deduction, index fund, information asymmetry, joint-stock company, Joseph Schumpeter, junk bonds, labor-force participation, light touch regulation, liquidity trap, London Interbank Offered Rate, low interest rates, market bubble, market clearing, Martin Wolf, means of production, Michael Milken, mobile money, Money creation, money market fund, moral hazard, mortgage debt, mortgage tax deduction, negative equity, Nixon triggered the end of the Bretton Woods system, Paul Volcker talking about ATMs, Ponzi scheme, profit motive, proprietary trading, prudent man rule, quantitative easing, Real Time Gross Settlement, regulatory arbitrage, reserve currency, rising living standards, Ronald Coase, Savings and loan crisis, seigniorage, shareholder value, Silicon Valley, SoftBank, Solyndra, statistical model, Steve Jobs, The Great Moderation, the payments system, Tobin tax, too big to fail, transaction costs, underbanked, Works Progress Administration, yield curve, Yogi Berra, zero-sum game
In America, the ability to start up a business in a garage and change the world once seemed normal. America had the best universities and created masters of innovation. As Bill Gates and Steve Jobs, among others, illustrated, America was the land of infinite possibilities for bold entrepreneurial talent. As the improbable global success of the iPod and Facebook illustrates, America’s innovation edge is still there. The problem is that much of the innovation in digital technology does not translate into mass employment opportunities for the workforce that America has available. Apple is a global icon only America could produce. But its brilliant gadgets are made in China for the most part.
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The Rise of the CEO Class The net result of all these developments was the largest transfer of wealth in history to what we might call the CEO class. This new class is not like the much maligned “robber barons” who actually built whole industries and created million of jobs. A few entrepreneurial heroes stand out—above all, the sainted Steve Jobs—but the CEO class is mainly a technocratic elite of professional managers of established public companies. Its ability to capture as much as a fifth of total corporate profits is a matter of positional power and the tolerance of the institutions that hold their shares. Broken Markets If, then, most of the increase in American incomes (and wealth, which is harder to measure) was captured by 1 percent of the top 1 percent of earners over the last 25 years, what was the fate of everybody else?
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First, financial markets demanded relentless growth in profits, which effectively forced corporations to minimize high-cost, full-time employment in high-wage countries. Second, the buoyant capital markets of the Great Moderation, ever hungry for the next big thing, brought a remarkable number of startup companies to market (Microsoft, Google,Apple, Starbucks, etc.).The ability of a small enterprise to create jobs is limited until it gets the financing 21 22 Chapter 1 | The Rise and Fall of the Finance-Driven Economy to gain scale and grow rapidly. The 1990s capital markets were almost unique in their ability to launch new companies into a growth phase.
Rebel Ideas: The Power of Diverse Thinking by Matthew Syed
adjacent possible, agricultural Revolution, Alfred Russel Wallace, algorithmic bias, behavioural economics, Bletchley Park, Boeing 747, call centre, Cass Sunstein, classic study, cognitive load, computer age, crowdsourcing, cuban missile crisis, deep learning, delayed gratification, drone strike, Elon Musk, Erik Brynjolfsson, Fairchild Semiconductor, fake news, Ferguson, Missouri, Filter Bubble, Firefox, invention of writing, James Dyson, Jeff Bezos, knowledge economy, lateral thinking, market bubble, mass immigration, microbiome, Mitch Kapor, persistent metabolic adaptation, Peter Thiel, post-truth, Richard Thaler, Ronald Reagan, Second Machine Age, self-driving car, seminal paper, Silicon Valley, social intelligence, Steve Jobs, Steve Wozniak, Stuart Kauffman, tech worker, The Wealth of Nations by Adam Smith, The Wisdom of Crowds, traveling salesman, vertical integration
I took this data sheet home and was shocked to find that the microprocessor had gotten to the point of being a complete processor of the type I’d designed over and over in high school. That night the full image of the Apple I popped in my head.’48 The hobbyist’s name was Steve Wozniak. Thirteen months later, he would start the Apple Corporation from the two ideas that fused in his head that night (could there be a more exquisite example of a rebel combination?). His co-founder was another attendee at the Homebrew: Steve Jobs. It is symptomatic that forums for idea exchange – whether restaurants, cafes or organically created clubs – were conspicuous by their absence along Route 128.
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Take building design, where architects are now curating spaces that maximise the scope for connections. Instead of closed-off cubicles and walled offices, the idea is to bring people away from their desks, to create areas where people feel encouraged to mingle, make chance encounters and engage with outsider perspectives. One leader who grasped these truths intuitively was Steve Jobs. When he was designing the building for Pixar, the animation company he bought from George Lucas in 1986, he made the decision to create just one set of toilets. These were in the atrium, meaning that people had to traipse across from all over the building. It seemed inefficient, but it forced people out of their usual niches, and led to a symphony of chance encounters.
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Much that could be got from a timber merchant (5,4) 15. We have nothing and are in debt (3) 16. Pretend (5) 17. Is this town ready for a flood? (6) 22. The little fellow has some beer; it makes me lose colour, I say (6) 24. Fashion of a famous French family (5) 27. Tree (3) 28. One might of course use this tool to core an apple (6,3) 31. Once used for unofficial currency (5) 32. Those well brought up help these over stiles (4,4) 33. A sport in a hurry (6) 34. Is the workshop that turns out this part of a motor a hush-hush affair? (8) 35. An illumination functioning (6) Down 1. Official instruction not to forget the servants (8) 2.
Television Is the New Television: The Unexpected Triumph of Old Media in the Digital Age by Michael Wolff
activist fund / activist shareholder / activist investor, AOL-Time Warner, barriers to entry, Carl Icahn, commoditize, creative destruction, digital divide, disintermediation, Golden age of television, Great Leap Forward, hiring and firing, Joseph Schumpeter, Marc Andreessen, Mark Zuckerberg, Marshall McLuhan, Michael Milken, Sheryl Sandberg, Silicon Valley, SoftBank, Steve Jobs, Susan Wojcicki, telemarketer, the medium is the message, vertical integration, zero-sum game
What Netflix needs is a cable deal. 12 SCREEN TIME It isn’t really computing that rescues Apple from its 1990s decline when Steve Jobs returns to run the company; it’s entertainment. First it’s music. Apples saves the music business from chaos, and then puts it into a kind of receivership, making it dependent on its device, the iPod, and its store, iTunes. And then, in one of the most far-ranging revolutions in the media industry perhaps since the advent of television itself, it makes portable screens ubiquitous. In this, Apple has had two goals. The first was an extraordinary success: piggyback off ever-growing media demand and create devices that become a necessary part of that market.
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Jobs ought rightly to be regarded as much as a media figure as a computing giant. Jay Chiat, whose advertising agency Chiat/Day created the Apple Big Brother 1984 spot, and was Jobs’s longtime friend and confidant, described—in many discussions we had about Apple before Chiat’s death in 2002—Jobs’s relative lack of interest in technology figures and obsessive and competitive interest in movie and television moguls. Most of Jobs’s personal fortune, amassed after his return to Apple, came from his investment in the animation studio Pixar, and its eventual sale to Disney. His early motivations and sensibility are more pop culture than data driven.
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Jobs was saying the deluge could be controlled and that he was the man to do it. He was the alternative. Eddy Cue, a twenty-year Apple veteran, with no presence in the media industry and, indeed, hardly any presence anywhere—he’s even a social media blank—became Apple’s intractable and fearsome negotiator, though of the more take-it-or-leave-it than getting-to-yes type. (“An inflexible and unpredictable negotiator who frequently reverses and contradicts himself,” according to Adweek magazine, which described a negotiation for media content in which Cue suddenly decided content creators ought to “use Apple’s own terms-of-service agreement, designed for software developers.”)
Super Thinking: The Big Book of Mental Models by Gabriel Weinberg, Lauren McCann
Abraham Maslow, Abraham Wald, affirmative action, Affordable Care Act / Obamacare, Airbnb, Albert Einstein, anti-pattern, Anton Chekhov, Apollo 13, Apple Newton, autonomous vehicles, bank run, barriers to entry, Bayesian statistics, Bernie Madoff, Bernie Sanders, Black Swan, Broken windows theory, business process, butterfly effect, Cal Newport, Clayton Christensen, cognitive dissonance, commoditize, correlation does not imply causation, crowdsourcing, Daniel Kahneman / Amos Tversky, dark pattern, David Attenborough, delayed gratification, deliberate practice, discounted cash flows, disruptive innovation, Donald Trump, Douglas Hofstadter, Dunning–Kruger effect, Edward Lorenz: Chaos theory, Edward Snowden, effective altruism, Elon Musk, en.wikipedia.org, experimental subject, fake news, fear of failure, feminist movement, Filter Bubble, framing effect, friendly fire, fundamental attribution error, Goodhart's law, Gödel, Escher, Bach, heat death of the universe, hindsight bias, housing crisis, if you see hoof prints, think horses—not zebras, Ignaz Semmelweis: hand washing, illegal immigration, imposter syndrome, incognito mode, income inequality, information asymmetry, Isaac Newton, Jeff Bezos, John Nash: game theory, karōshi / gwarosa / guolaosi, lateral thinking, loss aversion, Louis Pasteur, LuLaRoe, Lyft, mail merge, Mark Zuckerberg, meta-analysis, Metcalfe’s law, Milgram experiment, minimum viable product, moral hazard, mutually assured destruction, Nash equilibrium, Network effects, nocebo, nuclear winter, offshore financial centre, p-value, Paradox of Choice, Parkinson's law, Paul Graham, peak oil, Peter Thiel, phenotype, Pierre-Simon Laplace, placebo effect, Potemkin village, power law, precautionary principle, prediction markets, premature optimization, price anchoring, principal–agent problem, publication bias, recommendation engine, remote working, replication crisis, Richard Feynman, Richard Feynman: Challenger O-ring, Richard Thaler, ride hailing / ride sharing, Robert Metcalfe, Ronald Coase, Ronald Reagan, Salesforce, school choice, Schrödinger's Cat, selection bias, Shai Danziger, side project, Silicon Valley, Silicon Valley startup, speech recognition, statistical model, Steve Jobs, Steve Wozniak, Steven Pinker, Streisand effect, sunk-cost fallacy, survivorship bias, systems thinking, The future is already here, The last Blockbuster video rental store is in Bend, Oregon, The Present Situation in Quantum Mechanics, the scientific method, The Wisdom of Crowds, Thomas Kuhn: the structure of scientific revolutions, Tragedy of the Commons, transaction costs, uber lyft, ultimatum game, uranium enrichment, urban planning, vertical integration, Vilfredo Pareto, warehouse robotics, WarGames: Global Thermonuclear War, When a measure becomes a target, wikimedia commons
An oft-cited example by Christensen is a power drill: “Customers want to ‘hire’ a product to do a job, or, as legendary Harvard Business School marketing professor Theodore Levitt put it, ‘People don’t want to buy a quarter-inch drill. They want a quarter-inch hole!’” Knowing the real job your product does helps you align both product development and marketing around that job. Apple does this exceptionally well. For instance, it introduced the iPod in 2001 amid a slew of MP3-player competitors but chose not to copy any of their marketing lingo, which was focused on technical jargon like gigabytes and codecs. Instead, Steve Jobs famously framed the iPod as “1,000 songs in your pocket,” recognizing that the real job the product was solving was letting you carry your music collection with you. In a December 8, 2016, podcast with Harvard Business Review, Christensen describes another illustrative example, this one about milkshakes served at a particular fast-food restaurant.
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The 2011 study “Extraneous Factors in Judicial Decisions” describes the impact of decision fatigue on parole boards deciding whether to grant freedom to prisoners: “We find that the percentage of favorable rulings drops gradually from [about] 65% to nearly zero within each decision session and returns abruptly to [about] 65% after a break. Our findings suggest that judicial rulings can be swayed by extraneous variables that should have no bearing on legal decisions.” Some extremely productive people, including Steve Jobs and Barack Obama, have tried to combat decision fatigue by reducing the number of everyday decisions, such as what to eat or wear, so that they can reserve their decision-making faculties for more important decisions. Barack Obama chose to wear only blue or gray suits and said of this choice, “I’m trying to pare down decisions.
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YouTube became a mainstream possibility only once broadband access was prevalent. In both cases there were earlier attempts to accomplish similar things that failed because the timing wasn’t right. The rest of the world wasn’t yet sufficiently equipped with the necessary technology. Apple famously introduced the Apple Newton tablet device in 1993 and discontinued it in 1998 after lackluster sales. More than a decade later, Apple introduced a new tablet device—the iPad—which had the fastest initial adoption rate of any mainstream electronic device up to that point, even ahead of the iPhone and the DVD player. What changed? For one thing, the internet: you could do so much more with the iPad relative to the Newton, given the previous twenty years of internet advances.
Arriving Today: From Factory to Front Door -- Why Everything Has Changed About How and What We Buy by Christopher Mims
air freight, Airbnb, Amazon Robotics, Amazon Web Services, Apollo 11, augmented reality, autonomous vehicles, big-box store, blue-collar work, Boeing 747, book scanning, business logic, business process, call centre, cloud computing, company town, coronavirus, cotton gin, COVID-19, creative destruction, data science, Dava Sobel, deep learning, dematerialisation, deskilling, digital twin, Donald Trump, easy for humans, difficult for computers, electronic logging device, Elon Musk, Frederick Winslow Taylor, fulfillment center, gentrification, gig economy, global pandemic, global supply chain, guest worker program, Hans Moravec, heat death of the universe, hive mind, Hyperloop, immigration reform, income inequality, independent contractor, industrial robot, interchangeable parts, intermodal, inventory management, Jacquard loom, Jeff Bezos, Jessica Bruder, job automation, John Maynard Keynes: Economic Possibilities for our Grandchildren, Joseph Schumpeter, Kaizen: continuous improvement, Kanban, Kiva Systems, level 1 cache, Lewis Mumford, lockdown, lone genius, Lyft, machine readable, Malacca Straits, Mark Zuckerberg, market bubble, minimum wage unemployment, Nomadland, Ocado, operation paperclip, Panamax, Pearl River Delta, planetary scale, pneumatic tube, polynesian navigation, post-Panamax, random stow, ride hailing / ride sharing, robot derives from the Czech word robota Czech, meaning slave, Rodney Brooks, rubber-tired gantry crane, scientific management, self-driving car, sensor fusion, Shenzhen special economic zone , Shoshana Zuboff, Silicon Valley, six sigma, skunkworks, social distancing, South China Sea, special economic zone, spinning jenny, standardized shipping container, Steve Jobs, supply-chain management, surveillance capitalism, TED Talk, the scientific method, Tim Cook: Apple, Toyota Production System, traveling salesman, Turing test, two-sided market, Uber and Lyft, Uber for X, uber lyft, Upton Sinclair, vertical integration, warehouse automation, warehouse robotics, workplace surveillance
Every hardware company must eventually confront the challenge of the vast gulf between making prototypes of its devices, usually built by hand, and making thousands or even millions of them. The former requires creativity, pluck, and a hacker mentality, while the latter requires, basically, Tim Cook. Apple’s CEO rose to his position as Steve Jobs’s anointed successor by being a master of the logistics of global manufacturing. Starship, meanwhile, is still manufacturing its robots a few dozen at a time in the same place it always has, in Estonia, where the company’s chief technology officer happens to live. For the company to scale up to the size envisioned by its founders, which could mean millions of delivery robots on the world’s streets and sidewalks by the middle of the 2020s, it will have to manufacture them like automakers make cars and consumer electronics companies make phones—literally by the boatload, in the contract manufacturing capitals of East Asia and Southeast Asia.
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Add to that a driver’s local knowledge, and it makes sense that the best possible way to accomplish a given delivery route is to give experienced drivers some amount of discretion in how they accomplish their drop-offs. The way ORION and the rest of UPS’s systems communicate with drivers is through each driver’s DIAD, which stands for delivery information acquisition device. The DIAD is like a smartphone from an alternate dimension in which Steve Jobs never killed off the BlackBerry by offering consumers a slim, button-free slab of glass known as the iPhone. The current generation DIAD, the DIAD V, weighs 1.3 pounds. If you stacked four iPhones on top of one another, you’d get something approximately the weight and dimensions of this DIAD. Instead of a touch screen, it has a gigantic array of buttons below its tiny, first-generation smartphone-size screen.
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Mick was living off his savings, but he wasn’t exactly eating ramen and sleeping under his desk. Previously, he’d been an engineer at Motorola, where he learned how microchips—the most complicated and difficult-to-make objects on Earth—are manufactured. Then he was a product manager at Apple, on the Power Mac team, the Macintoshes that Apple sold from 1994 until 2006. After Apple, Mick went in an unexpected direction and made a decision that may one day be viewed by future historians as pivotal for the trajectory of e-commerce and the nature of work: Mick went to Webvan. People who were sentient during the first dot-com bubble of the late 1990s remember the delivery service Kozmo, because you could order literally anything: a can of Coke, a pack of gum, a CD.
The Lean Startup: How Today’s Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses by Eric Ries
3D printing, barriers to entry, Benchmark Capital, call centre, Clayton Christensen, clean tech, clean water, cloud computing, commoditize, Computer Numeric Control, continuous integration, corporate governance, disruptive innovation, experimental subject, Ford Model T, Frederick Winslow Taylor, hockey-stick growth, Kanban, Lean Startup, Marc Andreessen, Mark Zuckerberg, Metcalfe’s law, minimum viable product, Mitch Kapor, Network effects, payday loans, Peter Thiel, pets.com, Ponzi scheme, pull request, reality distortion field, risk tolerance, scientific management, selection bias, Silicon Valley, Silicon Valley startup, six sigma, skunkworks, social bookmarking, stealth mode startup, Steve Jobs, the scientific method, Toyota Production System, transaction costs
He explains the analog-antilog concept by using the iPod as an example. “If you were looking for analogs, you would have to look at the Walkman,” he says. “It solved a critical question that Steve Jobs never had to ask himself: Will people listen to music in a public place using earphones? We think of that as a nonsense question today, but it is fundamental. When Sony asked the question, they did not have the answer. Steve Jobs had [the answer] in the analog [version]” Sony’s Walkman was the analog. Jobs then had to face the fact that although people were willing to download music, they were not willing to pay for it.
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Normally, new versions of products like ours are released to customers on a monthly, quarterly, or yearly cycle. Take a look at your cell phone. Odds are, it is not the very first version of its kind. Even innovative companies such as Apple produce a new version of their flagship phones about once a year. Bundled up in that product release are dozens of new features (at the release of iPhone 4, Apple boasted more than 1,500 changes). Ironically, many high-tech products are manufactured in advanced facilities that follow the latest in lean thinking, including small batches and single-piece flow. However, the process that is used to design the product is stuck in the era of mass production.
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It was enough to prove the concept and show that it was something that people really liked. The actual coupon generation that we were doing was all FileMaker. We would run a script that would e-mail the coupon PDF to people. It got to the point where we’d sell 500 sushi coupons in a day, and we’d send 500 PDFs to people with Apple Mail at the same time. Really until July of the first year it was just a scrambling to grab the tiger by the tail. It was trying to catch up and reasonably piece together a product.1 Handmade PDFs, a pizza coupon, and a simple blog were enough to launch Groupon into record-breaking success; it is on pace to become the fastest company in history to achieve $1 billion in sales.
The Attention Merchants: The Epic Scramble to Get Inside Our Heads by Tim Wu
1960s counterculture, Aaron Swartz, Affordable Care Act / Obamacare, AltaVista, Andrew Keen, anti-communist, AOL-Time Warner, Apple II, Apple's 1984 Super Bowl advert, barriers to entry, Bob Geldof, borderless world, Brownian motion, Burning Man, Cass Sunstein, citizen journalism, colonial rule, content marketing, cotton gin, data science, do well by doing good, East Village, future of journalism, George Gilder, Golden age of television, Golden Gate Park, Googley, Gordon Gekko, Herbert Marcuse, housing crisis, informal economy, Internet Archive, Jaron Lanier, Jeff Bezos, jimmy wales, John Perry Barlow, Live Aid, Mark Zuckerberg, Marshall McLuhan, McMansion, mirror neurons, Nate Silver, Neal Stephenson, Network effects, Nicholas Carr, Pepsi Challenge, placebo effect, Plato's cave, post scarcity, race to the bottom, road to serfdom, Saturday Night Live, science of happiness, self-driving car, side project, Silicon Valley, Skinner box, slashdot, Snapchat, Snow Crash, Steve Jobs, Steve Wozniak, Steven Levy, Ted Nelson, telemarketer, the built environment, The Chicago School, the scientific method, The Structural Transformation of the Public Sphere, Tim Cook: Apple, Torches of Freedom, Upton Sinclair, upwardly mobile, Virgin Galactic, Wayback Machine, white flight, Yochai Benkler, zero-sum game
But being wedded to an advertising model, Google was in no position to follow Apple and make Android the best experience it possibly could be. For the company was in a bind of its own making, stuck serving two masters, trying to enact the attention merchant’s eternal balancing act between advertisers and users, at a time when the latter were losing patience. In 1998, Larry Page and Sergey Brin had written that reliance on advertising would inevitably make it difficult to create the best possible product; in the late 2010s, in competition with Apple, they faced their own prophecy. Since the death of its founder, Steve Jobs, Apple had softened somewhat in its opposition to open platforms, and was able to use its enormous profits to build better products.
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In this way video games were arguably the killer app—the application that justifies the investment—of many computers in the home. As a game machine, sometimes used for other purposes, computers had gained their foothold. There they would lie for some time, a sleeping giant.7 * * * * Breakout was written by Apple’s cofounders, Steve Wozniak and Steve Jobs, as a side project, as described in the Master Switch, chapter 20. CHAPTER 16 AOL PULLS ’EM IN In 1991, when Steve Case, just thirty-three years old, was promoted to CEO of AOL, there were four companies, all but one lost to history, that shared the goal of trying to get Americans to spend more leisure time within an abstraction known as an “online computer network.”
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Matthew Panzarino, “Apple’s Tim Cook Delivers Blistering Speech on Encryption, Privacy,” TechCrunch, June 2, 2015, http://techcrunch.com/2015/06/02/apples-tim-cook-delivers-blistering-speech-on-encryption-privacy/. 2. Ibid. 3. Tim Cook, “Apple’s Commitment to Your Privacy,” Apple, http://www.apple.com/privacy/. 4. Robin Anderson, Consumer Culture and TV Programming (Boulder, CO: Westview Press, 1995). 5. Richard Serra and Carlota Fay Schoolman, “Television Delivers People,” Persistence of Vision—Volume 1: Monitoring the Media (1973), video. 6. Farhad Manjoo, “What Apple’s Tim Cook Overlooked in His Defense of Privacy,” New York Times, June 10, 2015, http://www.nytimes.com/2015/06/11/technology/what-apples-tim-cook-overlooked-in-his-defense-of-privacy.html?
The Big Shift: Navigating the New Stage Beyond Midlife by Marc Freedman
airport security, Berlin Wall, Bletchley Park, Blue Ocean Strategy, David Brooks, follow your passion, illegal immigration, intentional community, Isaac Newton, Lewis Mumford, longitudinal study, McMansion, RAND corporation, Silicon Valley, Steve Jobs, tech worker, transcontinental railway, working poor, working-age population
It doesn’t hurt to have former presidents like Jimmy Carter and Bill Clinton arguably doing their best work in a period beyond the supposed apex of midlife achievement—and for even as long a duration. Or to have financial-services companies reminding people how many “Happy 100th Birthday” cards were purchased in the preceding year. The fundamental perspective produced by the expansion and compression of time is captured powerfully in the commencement address Apple founder Steve Jobs gave to Stanford undergraduates in 2005. In it Jobs—himself just past his fiftieth birthday—recounts reading a quote at seventeen that said if you live each day as if it were your last, someday you’ll almost certainly be correct. According to Jobs, “It made an impression on me, and since then, for the past thirty-three years, I have looked in the mirror every morning and asked myself: ‘If today were the last day of my life, would I want to do what I am about to do today?’”
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Hall, Wisdom: From Philosophy to Neuroscience (New York: Alfred A. Knopf, 2010); Barbara Strauch, The Secret Life of the Grown-Up Brain: The Surprising Talents of the Middle-Aged Mind (New York: Viking, 2010); and Jonathan Weiner, Long for This World: The Strange Science of Immortality (New York: HarperCollins, 2010). 93 in the commencement address Apple founder Steve Jobs gave: http://www.youtube.com/watch?v=UF8uR6Z6KLc. 94 management expert Daniel Pink adds: Daniel H. Pink, Drive: The Surprising Truth About What Motivates Us (New York: Riverhead Books, 2009). 95 Time Beyond: Erik H. Erikson, Joan M. Erikson, and Helen Q. Kivnick, Vital Involvement in Old Age (New York: W.
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At somewhere around age sixty, they will, pretty much overnight, become the elderly, pass out of the “working-age population,” become incompetent and incontinent, bankrupt the health care system, vote for hefty increases in public spending on their retirement at the expense of everyone else, turn the Sun Belt into a giant golf course, and ignite a war that will, in the subtitle of the 2010 book Shock of Gray, pit “Young Against Old, Child Against Parent, Worker Against Boss, Company Against Rival, and Nation Against Nation.” What about Motherhood Against Apple Pie? Now that’s a world out of whack. It’s a disaster movie—Return of the Codger, Invasion of the Budget Snatchers, The Age Blob. To be sure, there is the real prospect that things might not work out so well if we don’t rise up to the new realities, take on genuine challenges, and embrace fresh possibilities.
The Geeks Shall Inherit the Earth: Popularity, Quirk Theory, and Why Outsiders Thrive After High School by Alexandra Robbins
airport security, Albert Einstein, Columbine, game design, hive mind, it's over 9,000, Larry Ellison, messenger bag, out of africa, selective serotonin reuptake inhibitor (SSRI), Skype, Slavoj Žižek, social intelligence, Steve Jobs, Steve Wozniak, The Wisdom of Crowds, trickle-down economics
Paul Allen, Sergey Brin: These names are cited in many places; this particular list was in Varma, Roli. “Women in Computing: the Role of Geek Culture,” Science as Culture, Vol. 16, No. 4, December 2007. Steve Jobs: Jobs, an outsider in school whom classmates viewed as odd, intense, and a loner—and who is now called “arguably the greatest innovator of the digital age”—is also an example of quirk theory. See, for example, Young, Jeffrey S. and Simon, William L. iCon: Steve Jobs, The Greatest Second Act in the History of Business. Hoboken, NJ: John Wiley & Sons, 2005. four twelve-to-fourteen-year-olds won: See, for example, Hutchinson, Bill.
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More important, many teenage nerds and geeks now choose to celebrate their label rather than allow it to imprison them. These outcasts are rising up, exulting in the “geek cred” that differentiates them from other groups and the knowledge and precision that, as Geoffrey suggested, eventually will enable them to profit financially (as have, to name a few, Paul Allen, Sergey Brin, Larry Ellison, Bill Gates, Steve Jobs, Larry Page, and Steve Wozniak, some of whom themselves exemplify quirk theory). They are realizing at an early age that the geeks (and loners, punks, floaters, dorks, and various other outcasts) shall inherit the earth. Some students are fighting their marginalization by co-opting typically derogatory terms.
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ELI, VIRGINIA | THE NERD Eli rejoiced when Kim—a girl from his lunch table whom he liked talking to—and a few of her friends invited him to play board games with them in the library on early-release days. Eli laughed more often than usual with this group, even though he couldn’t help thinking, I should really be doing schoolwork right now, while in the midst of a game. During a game of Apples to Apples, Kim was having a side conversation with a friend. “Watch,” she said, smiling. “Eli, when did you turn in your college apps?” “October,” he said. “See?” Kim said to her friend. “When did you finish your gov vocab?” The homework was due at the end of the week. “Two weeks ago,” Eli replied.
Howard Rheingold by The Virtual Community Homesteading on the Electronic Frontier-Perseus Books (1993)
"hyperreality Baudrillard"~20 OR "Baudrillard hyperreality", Alvin Toffler, Apple II, bread and circuses, Brewster Kahle, Buckminster Fuller, commoditize, conceptual framework, disinformation, Do you want to sell sugared water for the rest of your life?, Douglas Engelbart, Douglas Engelbart, Electric Kool-Aid Acid Test, experimental subject, General Magic , George Gilder, global village, Gregor Mendel, Hacker Ethic, Haight Ashbury, Howard Rheingold, HyperCard, intentional community, Ivan Sutherland, John Gilmore, John Markoff, Kevin Kelly, knowledge worker, license plate recognition, loose coupling, Marshall McLuhan, megaproject, Menlo Park, meta-analysis, Mitch Kapor, Morris worm, multilevel marketing, packet switching, Panopticon Jeremy Bentham, profit motive, RAND corporation, Ray Oldenburg, rent control, RFC: Request For Comment, Ronald Reagan, Saturday Night Live, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, technoutopianism, Ted Nelson, telepresence, The Great Good Place, The Hackers Conference, the strength of weak ties, urban decay, UUNET, Whole Earth Catalog, Whole Earth Review, young professional
One such element was the subculture that had been created by a cultural upheaval ten years after the counterculture era--the personal computer (PC) revolution. 26-04-2012 21:42 howard rheingold's | the virtual community 11 de 27 http://www.rheingold.com/vc/book/2.html "The personal computer revolutionaries were the counterculture," Brand reminded me when I asked him about the WELL's early cultural amalgam. Apple cofounder Steve Jobs had traveled to India in search of enlightenment; Lotus 1-2-3 designer and founder Mitch Kapor had been a transcendental meditation teacher. They were five to ten years younger than the hippies, but they came out of the zeitgeist of the 1960s, and embraced many of the ideas of personal liberation and iconoclasm championed by their slightly older brothers and sisters. The PC was to many of them a talisman of a new kind of war of liberation: when he hired him from Pepsi, Steve Jobs challenged John Sculley, "Do you want to sell sugared water to adolescents, or do you want to change the world?"
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It started out as a community of Apple users and Apple dealers, and people still exchanged information about Apple computers and argued about different kinds of Apple software, but they also started chatting, in groups of twenty or thirty, for no particular purpose other than to make each other fall off the chair laughing, every day. "We would shoot phrases at each other, carry on multiple conversations. All the fun came from the mingling of different conversations. You could see the transcript on your screen. We would do it for hours on end." The word began to get around the French Apple community, and by 1985, Calvados had grown to about three thousand users, and income was about $100,000 a month.
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Baxter, who operated out of an office in Rock Springs, Wyoming, one hundred miles away from Pinedale, wanted to get together with Barlow as soon as possible to talk about some kind of mysterious--at least to him--conspiracy to steal the trade secrets of Apple Computer. A word of explanation is always in order when discussing high-tech crimes, because many involve theft or vandalism of intangible property such as private credit records, electronic free speech, or proprietary software. Apple computers all include in their essential hardware something known as a ROM chip that contains, encoded in noneraseable circuits, the special characteristics that make an Apple computer an Apple computer. The ROM code, therefore, is indeed a valuable trade secret to Apple; although it is stored in a chip, ROM code is computer software that can be distributed via disk or even transmitted over networks.
The Price of Everything: And the Hidden Logic of Value by Eduardo Porter
Alan Greenspan, Alvin Roth, AOL-Time Warner, Asian financial crisis, Ayatollah Khomeini, banking crisis, barriers to entry, behavioural economics, Berlin Wall, British Empire, capital controls, carbon tax, Carmen Reinhart, Cass Sunstein, clean water, Credit Default Swap, Deng Xiaoping, Easter island, Edward Glaeser, European colonialism, Fall of the Berlin Wall, financial deregulation, financial engineering, flying shuttle, Ford paid five dollars a day, full employment, George Akerlof, Glass-Steagall Act, Gordon Gekko, guest worker program, happiness index / gross national happiness, housing crisis, illegal immigration, immigration reform, income inequality, income per capita, informal economy, Intergovernmental Panel on Climate Change (IPCC), invisible hand, Jean Tirole, John Maynard Keynes: technological unemployment, Joshua Gans and Andrew Leigh, junk bonds, Kenneth Rogoff, labor-force participation, laissez-faire capitalism, longitudinal study, loss aversion, low skilled workers, Martin Wolf, means of production, Menlo Park, Mexican peso crisis / tequila crisis, Michael Milken, Monkeys Reject Unequal Pay, new economy, New Urbanism, peer-to-peer, pension reform, Peter Singer: altruism, pets.com, placebo effect, precautionary principle, price discrimination, price stability, rent-seeking, Richard Thaler, rising living standards, risk tolerance, Robert Shiller, Ronald Reagan, search costs, Silicon Valley, stem cell, Steve Jobs, Stewart Brand, superstar cities, The Spirit Level, The Theory of the Leisure Class by Thorstein Veblen, The Wealth of Nations by Adam Smith, Thomas Malthus, Thorstein Veblen, trade route, transatlantic slave trade, ultimatum game, unpaid internship, urban planning, Veblen good, women in the workforce, World Values Survey, Yom Kippur War, young professional, zero-sum game
And the decision against The Pirate Bay so angered young Swedes that they elected a member of the Pirate Party to the European Parliament in Strasbourg, giving it 7.1 percent of the votes in the election of June 2009. The record labels seem ready to change strategy. After some thirty-five thousand lawsuits in the United States over five years, in 2009 the Recording Industry Association of America abandoned its campaign of taking alleged file sharers to court. In early 2009, Apple chairman Steve Jobs made a deal with the labels to strip away the DRM locks on songs sold through its iTunes online music store, which would allow users to copy the songs and listen to them on as many devices as they wanted. FREE IS SPREADING to other industries of the information era. Within days of its publication, more than 100,000 copies of Dan Brown’s bestseller The Lost Symbol had been downloaded from file-sharing sites in e-book or audiobook format, according to file-sharing tracker TorrentFreak.com.
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In the 1960s, the California businessman Dave Gold discovered that charging $0.99 for any bottle of wine in his liquor store increased sales of all his wines, including bottles that had previously cost $0.89 and even $0.79. He left the liquor business, launched the 99 Cents Only chain of stores, and made hundreds of millions. Since then, companies of every stripe have lured us by slapping $0.99 on the price tag. Steve Jobs revolutionized the music industry by persuading us to pay $0.99 for a song. Evidently, the number convinces us we are getting value for money. Surveying the landscape of our idiosyncratic decision making more than fifteen years ago, Kahneman, the Nobel Prize-winning psychologist, suggested that the government should intervene to curb our tendencies toward the less than rational.
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What it did was transfer the money from the producers of information to the owners of the technologies that deliver it to their audience. The Pirate Bay, one of the world’s largest file-sharing Web sites, makes its money through advertisements. By forcing record labels to accept the low price of ninety-nine cents a song on its iTunes music store, Apple transferred much of listeners’ music budget from buying music to buying Apple iPods. And Google has absorbed a large share of advertising budgets that used to be dedicated to newspapers and magazines. In 2009, the total advertising revenue of the entire American newspaper industry added up to $27.6 billion, the lowest level in twenty-three years, 44 percent down from its peak in 2005.
Tools and Weapons: The Promise and the Peril of the Digital Age by Brad Smith, Carol Ann Browne
"World Economic Forum" Davos, Affordable Care Act / Obamacare, AI winter, air gap, airport security, Alan Greenspan, Albert Einstein, algorithmic bias, augmented reality, autonomous vehicles, barriers to entry, Berlin Wall, Big Tech, Bletchley Park, Blitzscaling, Boeing 737 MAX, business process, call centre, Cambridge Analytica, Celtic Tiger, Charlie Hebdo massacre, chief data officer, cloud computing, computer vision, corporate social responsibility, data science, deep learning, digital divide, disinformation, Donald Trump, Eben Moglen, Edward Snowden, en.wikipedia.org, Hacker News, immigration reform, income inequality, Internet of things, invention of movable type, invention of the telephone, Jeff Bezos, Kevin Roose, Laura Poitras, machine readable, Mark Zuckerberg, minimum viable product, national security letter, natural language processing, Network effects, new economy, Nick Bostrom, off-the-grid, operational security, opioid epidemic / opioid crisis, pattern recognition, precision agriculture, race to the bottom, ransomware, Ronald Reagan, Rubik’s Cube, Salesforce, school vouchers, self-driving car, Sheryl Sandberg, Shoshana Zuboff, Silicon Valley, Skype, speech recognition, Steve Ballmer, Steve Jobs, surveillance capitalism, tech worker, The Rise and Fall of American Growth, Tim Cook: Apple, Wargames Reagan, WikiLeaks, women in the workforce
Given the large, diversified, and empowered engineering structure at Microsoft, this challenge was sometimes greater than at other tech companies. It had led us in the past sometimes to maintain for years two or more overlapping services, an approach that almost never turned out well. Apple, in contrast, had sometimes relied on its narrower product focus and Steve Jobs’s centralized decision making to solve this problem. It was perhaps ironic, but European regulators were doing us something of a favor by defining a singular approach that required engineering compromise all around. Satya signed off on the plan. Then he turned to everyone and added a new requirement.
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At first, hype outpaces progress, and tech developers need a healthy dose of patience and persistence. Then technology reaches an inflection point, often involving the confluence of several different developments and someone’s ability to bring them together in a way that makes the overall product experience more compelling than before. Steve Jobs’s success with the launch of the iPhone in 2007 illustrates this well. Mobile phones and handheld personal digital assistants, or PDAs, had each been progressing for a decade. But it was a technical advance in touch-based screens and Jobs’s vision for integrating everything with a clean design that led to a rapid explosion of smartphones around the world.
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While other American companies are present in China, only Apple with its iPhone has enjoyed success in the country on a level that is comparable to its leadership in the rest of the world. In recent years, Apple has earned three times as much revenue as Intel, which is the number two US tech company in China.6 When it comes to profits, the situation is likely starker. Apple may well generate more profits within China than the rest of the American tech sector put together. It’s a notable accomplishment but also a challenge for the company, given China’s large contribution to Apple’s global profitability. As we’ve found at Microsoft over time and more globally with products like Windows and Office, anytime you’re dependent on a particular source for a large share of revenue or profitability, it makes it difficult to contemplate changes in that area.
Startupland: How Three Guys Risked Everything to Turn an Idea Into a Global Business by Mikkel Svane, Carlye Adler
Airbnb, Ben Horowitz, Benchmark Capital, Burning Man, business process, call centre, Chuck Templeton: OpenTable:, cloud computing, credit crunch, David Heinemeier Hansson, Elon Musk, fail fast, housing crisis, Jeff Bezos, Kickstarter, Marc Benioff, Menlo Park, remote working, Ruby on Rails, Salesforce, Sand Hill Road, Silicon Valley, Silicon Valley startup, Skype, software as a service, South of Market, San Francisco, Steve Jobs, subscription business, Tesla Model S, web application
Despite what you read on TechCrunch, an entrepreneur’s journey is tumultuous, heartbreaking, and at times hilarious, and when you do meet a VC who likes you, well, mo money, mo problems. This book is a poignant recounting of the founders’ kismet interspersed with off-beat advice like, “unless you are Steve Jobs, CEOs are not supposed to allude to recreational drug use.” Startupland is your passport to our silly and serious startup microcosm. Enjoy your trip. xii Page xii Svane fother01.tex V3 - 10/15/2014 1:53 P.M. Page xiii “Let us be lovers, we’ll marry our fortunes together. I’ve got some real estate here in my bag” So we bought a pack of cigarettes and Mrs.
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In one instance, I described how we had quickly built the first version of our billing system that supported the company for many years. In my excitement, I said something like “It was built in a four-day, LSD-induced stupor!” 160 Page 160 Svane c09.tex V3 - 10/24/2014 10:32 P.M. Innocence Lost I was chastised for that. Apparently, unless you are Steve Jobs, CEOs are not supposed to allude to recreational drug use. Sometimes it’s just hard to remember to hold back. One time I was rehearsing for a town hall where I would have to introduce a new hire in Asia Pacific with a name that sounded strikingly like a term for the male organ. My instinct, unfortunately, was always to make an inappropriate joke.
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Initially it felt like I had ended up with the short end of the stick. But I’m probably also the kind of guy who likes to make stuff happen quickly, and therefore, on some level, I was not totally unhappy with the setup. Alex was a PC guy, entrenched in the world of Microsoft. Morten was from the Apple and Java world. And they built the software entirely on Ruby on Rails, which was new, and which they taught themselves. It was a big learning experience. 26 Page 26 Svane c01.tex V3 - 10/24/2014 8:14 P.M. The Honeymoon As Morten and Alex got more and more entrenched in coding, my role became more about being a sounding board and partner in the product management process and preparing for the product’s launch and go-to-market strategy.
The Power of Glamour: Longing and the Art of Visual Persuasion by Virginia Postrel
Charles Lindbergh, cloud computing, Dr. Strangelove, factory automation, Frank Gehry, General Motors Futurama, hydroponic farming, indoor plumbing, job automation, Lewis Mumford, mass immigration, Nelson Mandela, New Urbanism, off-the-grid, placebo effect, Ralph Waldo Emerson, reality distortion field, Ronald Reagan, Saturday Night Live, Silicon Valley, Steve Jobs, TED Talk, Thomas L Friedman, urban planning, urban renewal, washing machines reduced drudgery, young professional
It is not a product or style but a form of communication and persuasion. It depends on maintaining exactly the right relationship between object and audience, imagination and desire. Glamour is fragile because perceptions change. Glamour creates a “reality distortion field”—Silicon Valley’s capsule description of Steve Jobs’s persuasive magic—and because of its artifice, it is always suspect. The real puzzle is not why glamour keeps disappearing but why it survives at all. Its mystery and grace violate our self-proclaimed commitment to honesty, transparency, comfort, realism, practicality, even overt sexuality. Reviewers praise filmmakers and authors for not glamorizing their subjects.
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But if you understand his appeal as glamour, in which the audience supplies the meaning, then it’s not surprising that Obama means different things to different people and thus, especially in his first term, often had difficulty rallying his supporters in favor of a given course of action. Glamour is an asset in a campaign, but charisma is more useful once you’re elected. A few particularly gifted leaders—Ronald Reagan, Nelson Mandela, and, outside of politics, Steve Jobs—have had both. GLAMOUR CHARISMA Barack Obama Bill Clinton Che Castro Thomas Jefferson Andrew Jackson Jackie Kennedy Eleanor Roosevelt Michael Jordan Earvin “Magic” Johnson John Lennon Janice Joplin Leonardo Raphael Spock Kirk Tupac Shakur Snoop Dogg Joan of Arc dead Joan of Arc alive Early Princess Diana Late Princess Diana It’s rare for a charismatic leader to be as self-contained as Reagan or Mandela, which is one reason glamour rarely accompanies charisma.
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The dream of autonomy exerts a potent influence on the shape of new technologies, spurring demand for wireless networks and cloud computing. Apple can celebrate the iPad as “magical” in large part because the device can operate for such long periods without wires or visible connections. But, alas, wirelessness still remains something of an illusion. “Magicians who use wires in their act don’t let you see them, but that doesn’t mean they aren’t there,” cautioned the technology columnist Chris Taylor after Apple introduced the iPad 2. “In this case, the wire is the same old white cable that you’ll have to use to sync your iPad to your PC or Mac from Day One.”
From Airline Reservations to Sonic the Hedgehog: A History of the Software Industry by Martin Campbell-Kelly
Apple II, Apple's 1984 Super Bowl advert, barriers to entry, Bill Gates: Altair 8800, business process, card file, Charles Babbage, computer age, computer vision, continuous integration, Dennis Ritchie, deskilling, Donald Knuth, Gary Kildall, Grace Hopper, history of Unix, hockey-stick growth, independent contractor, industrial research laboratory, information asymmetry, inventory management, John Markoff, John von Neumann, Larry Ellison, linear programming, longitudinal study, machine readable, Menlo Park, Mitch Kapor, Multics, Network effects, popular electronics, proprietary trading, RAND corporation, Robert X Cringely, Ronald Reagan, seminal paper, Silicon Valley, SimCity, software patent, Steve Jobs, Steve Wozniak, Steven Levy, Thomas Kuhn: the structure of scientific revolutions, vertical integration
However, a number of individuals who developed software for these machines—including Bill Gates, Paul Allen, and Gary Kildall—were to get a first-mover advantage that would give them early dominance of the personal computer software industry. The transforming event for the personal computer was the launch of the Apple II in April 1977. The tiny firm of Apple Computer had been formed by the computer hobbyists Steve Jobs and Steve Wozniak in 1976. Their first machine, the Apple, was a raw computer board designed for kit-building hobbyists. The Apple II, however, was an unprecedented leap of imagination and packaging. Looking much like the computer terminals seen on airport reservation desks, it consisted of a keyboard, a CRT display screen, and a central processing unit, all in one package.
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Allowing Sorcim to take the CP/M spreadsheet market was a strategic blunder on the part of VisiCalc’s producers. Their failure to capture the market for IBM-compatible PCs was fatal. That market was taken by the Lotus Development Corporation, founded in 1982 by Mitch Kapor.27 Kapor, rather like Steve Jobs, was an entrepreneur with a taste for Eastern philosophy. He had studied psychology at Yale in the 1970s and had been employed as a disc jockey, as a transcendental-meditation teacher, and as a computer programmer. As a programmer, he had worked on data analysis software. In the late 1970s, when the personal computer began to take off, Kapor wrote programs for charting statistical data that were marketed by Personal Software as VisiTrend and VisiPlot.
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In late 1987, Windows 2.0 was released to modest acclaim. The interface had been polished considerably, and its main visual elements were almost indistinguishable from those of the Macintosh. Microsoft had obtained a license from Apple Computer for Windows 1.0 but had not renogotiated it for the new release. Version 2.0 so closely emulated the “look and feel” of the Macintosh that Apple sued for copyright infringement in March 1988. The Apple-vs.-Microsoft lawsuit consumed many column-inches of reportage and rattled on for 3 years before a settlement in Microsoft’s favor was reached in 1991.33 So far as can be ascertained, the lawsuit was something of a sideshow that had little bearing on Microsoft’s or any other company’s technical or marketing strategy.
The Automatic Customer: Creating a Subscription Business in Any Industry by John Warrillow
Airbnb, airport security, Amazon Web Services, asset allocation, barriers to entry, call centre, cloud computing, commoditize, David Heinemeier Hansson, discounted cash flows, Hacker Conference 1984, high net worth, Jeff Bezos, Network effects, passive income, rolodex, Salesforce, sharing economy, side project, Silicon Valley, Silicon Valley startup, software as a service, statistical model, Steve Jobs, Stewart Brand, subscription business, telemarketer, the long tail, time value of money, zero-sum game, Zipcar
Online music distribution had one of its first major breakthroughs in the year 2000 when Apple bought an MP3 player system called SoundJam. Apple evolved the software into iTunes, which debuted with the first iPod in the fall of 2001. In 2003, Apple launched iTunes 4, the first version of the software to feature the iTunes Music Store. It was also the first edition to be available on Microsoft Windows, opening up iTunes to PC users. “Consumers don’t want to be treated like criminals, and artists don’t want their valuable work stolen,” Apple cofounder Steve Jobs said in a statement at the time. “The iTunes Music Store offers a groundbreaking solution for both.”1 Over the next six years, iTunes became the Internet’s record store, eventually peaking at a whopping 69% share of U.S. music sales in 2009.
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Competing in the New Subscription Economy These four factors—the access generation, light-switch reliability, delicious data, and the long tail—have led some of the world’s most successful companies and promising start-ups to shift their business models to a focus on subscriptions. Take Apple, for example. Apple used to be thought of as a product for consumers, not a product for businesses. Businesses shunned Apple in favor of industry standard Microsoft—but that was before Apple, now the world’s most successful technology company, found a new way to get customers for its products. This new project is called Joint Venture. Launched in 2011, it was inspired in part by Apple’s One to One subscription department, where a million consumers pay $99 a year for special access to Apple’s troubleshooters. With Joint Venture, Apple will help a business get up and running using Mac products, in return for a $499-per-year subscription.
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With Joint Venture, Apple will help a business get up and running using Mac products, in return for a $499-per-year subscription. Apple will set up your company’s computers and migrate your old data, in addition to training your employees in using their new Macs. Joint Venture subscribers also get special access to Apple’s Genius Bar and can get a free loaner computer if their Mac needs to be serviced. Why should you care how Apple makes another hundred million dollars? First, Apple is a smart company, and if a new business model works for Apple, it is worth understanding to see if there are lessons that apply to your business. Second, the hundred million dollars Apple gets from One to One—and also the billions that other Fortune 500 companies now glean from similar subscription models—may be coming out of your pocket.
Human Frontiers: The Future of Big Ideas in an Age of Small Thinking by Michael Bhaskar
"Margaret Hamilton" Apollo, 3D printing, additive manufacturing, AI winter, Albert Einstein, algorithmic trading, AlphaGo, Anthropocene, artificial general intelligence, augmented reality, autonomous vehicles, backpropagation, barriers to entry, basic income, behavioural economics, Benoit Mandelbrot, Berlin Wall, Big bang: deregulation of the City of London, Big Tech, Bletchley Park, blockchain, Boeing 747, brain emulation, Brexit referendum, call centre, carbon tax, charter city, citizen journalism, Claude Shannon: information theory, Clayton Christensen, clean tech, clean water, cognitive load, Columbian Exchange, coronavirus, cosmic microwave background, COVID-19, creative destruction, CRISPR, crony capitalism, cyber-physical system, dark matter, David Graeber, deep learning, DeepMind, deindustrialization, dematerialisation, Demis Hassabis, demographic dividend, Deng Xiaoping, deplatforming, discovery of penicillin, disruptive innovation, Donald Trump, double entry bookkeeping, Easter island, Edward Jenner, Edward Lorenz: Chaos theory, Elon Musk, en.wikipedia.org, endogenous growth, energy security, energy transition, epigenetics, Eratosthenes, Ernest Rutherford, Eroom's law, fail fast, false flag, Fellow of the Royal Society, flying shuttle, Ford Model T, Francis Fukuyama: the end of history, general purpose technology, germ theory of disease, glass ceiling, global pandemic, Goodhart's law, Google Glasses, Google X / Alphabet X, GPT-3, Haber-Bosch Process, hedonic treadmill, Herman Kahn, Higgs boson, hive mind, hype cycle, Hyperloop, Ignaz Semmelweis: hand washing, Innovator's Dilemma, intangible asset, interchangeable parts, Internet of things, invention of agriculture, invention of the printing press, invention of the steam engine, invention of the telegraph, invisible hand, Isaac Newton, ITER tokamak, James Watt: steam engine, James Webb Space Telescope, Jeff Bezos, jimmy wales, job automation, Johannes Kepler, John von Neumann, Joseph Schumpeter, Kenneth Arrow, Kevin Kelly, Kickstarter, knowledge economy, knowledge worker, Large Hadron Collider, liberation theology, lockdown, lone genius, loss aversion, Louis Pasteur, Mark Zuckerberg, Martin Wolf, megacity, megastructure, Menlo Park, Minecraft, minimum viable product, mittelstand, Modern Monetary Theory, Mont Pelerin Society, Murray Gell-Mann, Mustafa Suleyman, natural language processing, Neal Stephenson, nuclear winter, nudge unit, oil shale / tar sands, open economy, OpenAI, opioid epidemic / opioid crisis, PageRank, patent troll, Peter Thiel, plutocrats, post scarcity, post-truth, precautionary principle, public intellectual, publish or perish, purchasing power parity, quantum entanglement, Ray Kurzweil, remote working, rent-seeking, Republic of Letters, Richard Feynman, Robert Gordon, Robert Solow, secular stagnation, shareholder value, Silicon Valley, Silicon Valley ideology, Simon Kuznets, skunkworks, Slavoj Žižek, sovereign wealth fund, spinning jenny, statistical model, stem cell, Steve Jobs, Stuart Kauffman, synthetic biology, techlash, TED Talk, The Rise and Fall of American Growth, the scientific method, The Wealth of Nations by Adam Smith, Thomas Bayes, Thomas Kuhn: the structure of scientific revolutions, Thomas Malthus, TikTok, total factor productivity, transcontinental railway, Two Sigma, Tyler Cowen, Tyler Cowen: Great Stagnation, universal basic income, uranium enrichment, We wanted flying cars, instead we got 140 characters, When a measure becomes a target, X Prize, Y Combinator
An ageing effect hence shortens the most significant idea-producing years of researchers’ lives.22 A 30 per cent decline in innovation potential can be explained by this effect. Nor does this imply that people make up the difference with greater productivity when they hit middle age. In fact all that extra work doesn't increase people's potential in the long run. Does age matter? Newton was twenty-three when he made many discoveries; Steve Jobs was twenty-one when he cofounded Apple, while Mark Zuckerberg was nineteen when he founded Facebook. Mozart, Évariste Galois, Mary Shelley, Alexander the Great . . . Plenty of people achieved a lot in their early twenties or younger. Moreover, when knowledge undergoes a revolution, the average age of significant contributors falls.
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Spillovers from basic R&D benefit society more than they do the originating company: William Nordhaus estimates that only 2.2 per cent of the surplus from money spent on knowledge accrues to the investing company. Another study suggests that 57.7 per cent of the gain accrues to society rather than as rent to the company (which sees only 13.6 per cent of the gain).17 It was famously not Xerox that profited most from its legendary PARC lab, but Steve Jobs and Apple, who saw its graphical user interface on a tour and went on to launch it as the benchmark in useable software. Even in the very best of times knowledge is underproduced and invested in thanks to this free rider problem. Moreover, in the heyday of Bell Labs corporate profits and executive pay were highly taxed; you might as well spend on R&D.
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Now we know how to spread iron oxide on long reels of plastic tape, and use it with copper, silicon, petroleum, iron, and other assorted raw materials that have been mixed together to make television sets and video tape recorders.’ 39 Knowledge and ideas are central ingredients in a flourishing economy because they have different properties to other economic phenomena. Economics traditionally studied the allocation of scarce resources; labour, capital, land, material things. All were in finite supply. In technical terms they were rivalrous: if I have an apple and eat it, you cannot eat the same apple. Ideas by contrast are non-rivalrous, undiminished by sharing or consumption. Inherent in this picture was the notion that ideas could, by being non-rivalrous, allow for increasing returns. In other words, ideas prompted a new kind of economics. Now incorporate another of Romer's key insights: ideas aren't just non-rivalrous, in the modern economy they are also ‘partially excludable’.
The Idealist: Aaron Swartz and the Rise of Free Culture on the Internet by Justin Peters
4chan, Aaron Swartz, activist lawyer, Alan Greenspan, Any sufficiently advanced technology is indistinguishable from magic, Bayesian statistics, Brewster Kahle, buy low sell high, crowdsourcing, digital rights, disintermediation, don't be evil, Free Software Foundation, global village, Hacker Ethic, hypertext link, index card, informal economy, information retrieval, Internet Archive, invention of movable type, invention of writing, Isaac Newton, John Markoff, Joi Ito, Lean Startup, machine readable, military-industrial complex, moral panic, Open Library, Paul Buchheit, Paul Graham, profit motive, RAND corporation, Republic of Letters, Richard Stallman, selection bias, semantic web, Silicon Valley, social bookmarking, social web, Steve Jobs, Steven Levy, Stewart Brand, strikebreaker, subprime mortgage crisis, Twitter Arab Spring, Vannevar Bush, Whole Earth Catalog, Y Combinator
Swartz spent his life trying to invent his own systems, ones that were modeled on and powered by the Internet. Swartz was no guileless technophile. To him, the Internet was not inherently miraculous, nor was digital technology inherently benign. After Apple cofounder Steve Jobs died in October 2011, Swartz drafted an essay depicting Apple as “a ruthless, authoritarian organization” that flouted labor standards and Jobs himself as a martinet who insisted on controlling every aspect of the user experience. His megalomania manifested in Apple’s portable music players: sterile white rectangles that could be neither opened nor modified by the end user. “Jobs couldn’t abide people opening things,” Swartz wrote. “ ‘That would just allow people to screw things up,’ he insisted.”
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All the while, he was wondering how and when he would make his mark. In 1984, Apple released the Macintosh computer, one of the first home computers for the nontechnical user, and a market for Hart’s product slowly began to emerge. The gargantuan mainframes of the 1960s had given way to smaller computers suitable to the home office, produced and marketed by entrepreneurs who realized the potential for consumer revenue. Microsoft’s Bill Gates—whose MS-DOS and Windows operating systems eventually dominated the PC market—and Apple’s Steve Jobs, for instance, were unmoved by the hackers’ utopian rhetoric. They wanted to make money, not save the world.
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Their efforts didn’t end with principled consumer vandalism, though: Downhill Battle also created a “Peer-to-Peer Legal Defense Fund” to help individual defendants contest the RIAA lawsuits. The group found other targets for its ire, too. When the iTunes online music store launched in 2003, for instance, Downhill Battle released a parody of the iTunes interface dubbed “iTunes iSbogus” and argued that the Apple music marketplace exploited both artists and consumers. Rather than use the Internet to create a better music-sales system that returned a higher percentage of profits to singers and songwriters, iTunes simply duplicated the existing model, in which the bulk of the profits went to the distributors.
The Hype Machine: How Social Media Disrupts Our Elections, Our Economy, and Our Health--And How We Must Adapt by Sinan Aral
Airbnb, Albert Einstein, algorithmic bias, AlphaGo, Any sufficiently advanced technology is indistinguishable from magic, AOL-Time Warner, augmented reality, behavioural economics, Bernie Sanders, Big Tech, bitcoin, Black Lives Matter, Cambridge Analytica, carbon footprint, Cass Sunstein, computer vision, contact tracing, coronavirus, correlation does not imply causation, COVID-19, crowdsourcing, cryptocurrency, data science, death of newspapers, deep learning, deepfake, digital divide, digital nomad, disinformation, disintermediation, Donald Trump, Drosophila, Edward Snowden, Elon Musk, en.wikipedia.org, end-to-end encryption, Erik Brynjolfsson, experimental subject, facts on the ground, fake news, Filter Bubble, George Floyd, global pandemic, hive mind, illegal immigration, income inequality, Kickstarter, knowledge worker, lockdown, longitudinal study, low skilled workers, Lyft, Mahatma Gandhi, Mark Zuckerberg, Menlo Park, meta-analysis, Metcalfe’s law, mobile money, move fast and break things, multi-sided market, Nate Silver, natural language processing, Neal Stephenson, Network effects, performance metric, phenotype, recommendation engine, Robert Bork, Robert Shiller, Russian election interference, Second Machine Age, seminal paper, sentiment analysis, shareholder value, Sheryl Sandberg, skunkworks, Snapchat, social contagion, social distancing, social graph, social intelligence, social software, social web, statistical model, stem cell, Stephen Hawking, Steve Bannon, Steve Jobs, Steve Jurvetson, surveillance capitalism, Susan Wojcicki, Telecommunications Act of 1996, The Chicago School, the strength of weak ties, The Wisdom of Crowds, theory of mind, TikTok, Tim Cook: Apple, Uber and Lyft, uber lyft, WikiLeaks, work culture , Yogi Berra
But as an investor, you also see the marketplace as a landscape of renewal. As Steve Jobs said at the Stanford University commencement in 2005, “Death is very likely the single best invention of Life. It is Life’s change agent. It clears out the old to make way for the new. Right now the new is you, but someday not too long from now, you will gradually become the old and be cleared away.” Such is also the turmoil of the marketplace. Friendster gave way to MySpace, which gave way to Facebook. Today WeChat does in one app what Facebook, WhatsApp, Messenger, Venmo, Grubhub, Amazon, Uber, Apple Pay, and many others do individually. The ongoing success of none is set in stone.
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This striking trade-off between influence and susceptibility among the 1.5 million people in our study may help to explain the meme in our culture of the trailblazing innovator who is unmoved by critics and naysayers and is committed, with unwavering drive, to their vision: entrepreneurs and pioneers like Steve Jobs and, almost a century before him, Albert Einstein, who bucked the trends of common thinking. Francesca Gino calls them “rebels.” They commit to their vision and are for the most part unmoved by the opinions of others. In social media, the trade-off between influence and susceptibility shows up in what researchers call the “follower ratio,” the number of followers someone has compared to the number of people they follow.
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More developers wrote software for Windows, and the indirect network effect created by Windows’ large installed base was evident in CompUSA’s endless rows of Windows software that dwarfed the tiny corner devoted to Apple. By 2013, however, the tables had turned. Apple launched the iPhone in 2007 and everyone wanted one. Apple built so much innovation into the iPhone that its intrinsic value alone was enough to get people to buy iPhones en masse. Software was added to the iPhone through applications, or “apps,” and Apple launched the App Store in 2008. As more people bought the iPhone, developers had more incentive to write apps for it. As a result, the iPhone’s adoption curve looks like Mount Everest. The first iPhone was sold in 2007 and by 2013 Apple had sold 400 million of them.
The Digital Doctor: Hope, Hype, and Harm at the Dawn of Medicine’s Computer Age by Robert Wachter
activist fund / activist shareholder / activist investor, Affordable Care Act / Obamacare, AI winter, Airbnb, Atul Gawande, Captain Sullenberger Hudson, Checklist Manifesto, Chuck Templeton: OpenTable:, Clayton Christensen, cognitive load, collapse of Lehman Brothers, computer age, creative destruction, crowdsourcing, deep learning, deskilling, disruptive innovation, driverless car, en.wikipedia.org, Erik Brynjolfsson, everywhere but in the productivity statistics, Firefox, Frank Levy and Richard Murnane: The New Division of Labor, general purpose technology, Google Glasses, human-factors engineering, hype cycle, Ignaz Semmelweis: hand washing, Internet of things, job satisfaction, Joseph Schumpeter, Kickstarter, knowledge worker, lifelogging, Marc Benioff, medical malpractice, medical residency, Menlo Park, minimum viable product, natural language processing, Network effects, Nicholas Carr, obamacare, pattern recognition, peer-to-peer, personalized medicine, pets.com, pneumatic tube, Productivity paradox, Ralph Nader, RAND corporation, Richard Hendricks, Robert Solow, Salesforce, Second Machine Age, self-driving car, seminal paper, Silicon Valley, Silicon Valley startup, six sigma, Skype, Snapchat, software as a service, Steve Jobs, Steven Levy, TED Talk, The future is already here, the payments system, The Wisdom of Crowds, Thomas Bayes, Toyota Production System, Uber for X, US Airways Flight 1549, Watson beat the top human players on Jeopardy!, Yogi Berra
But they didn’t really focus on what the customer—the doctor or the patient— needed to do the work.” This wasn’t entirely the fault of the vendors, he added. While clinicians probably weren’t asked what they wanted in a computer system, he said, “Had they been, they might not have been able to give an answer. Was it Epic’s responsibility to teach their customers what they really wanted? Steve Jobs would say yes, but that’s a lot to ask of a company.” He’s right, of course. As Richard Baron discovered when his office practice went digital, it’s awfully difficult for someone who has never practiced in a wired environment to appreciate that the technology might not just create a better way of doing the same work, but truly transform the nature of the work.
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In December 2004, Halamka had a chip —the size of a grain of rice—that allowed access to his medical record implanted in his right arm. He later described his experience in an article in the New England Journal of Medicine. Halamka is a sharp dresser who favors monochromatic black mock turtlenecks, bringing up inevitable comparisons to Steve Jobs. Like Jobs, he is brilliant, outspoken, and quirky. He lives on a 15-acre farm outside Boston, where he raises chickens, ducks, rabbits, guinea fowl, llamas, and alpacas. His decision to implant the chip was inspired in part by the use of such chips in his farm animals. The chip in Halamka’s subcutaneous tissue does not contain his full medical record.
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Our daily experience has taught us that all we need to do is turn on our iPhone, download an app, and off we go—whether we’re buying a book, making a restaurant reservation, finding a favorite song, or getting directions to the nearest Starbucks. It was only natural for us to believe that wiring the healthcare system would be similarly straightforward. Perhaps if Apple had done it, it would have been. But healthcare’s path to computerization has been strewn with land mines, large and small. Medicine, our most intimately human profession, is being dehumanized by the entry of the computer into the exam room. While computers are preventing many medical errors, they are also causing new kinds of mistakes, some of them whoppers.
Lean Analytics: Use Data to Build a Better Startup Faster by Alistair Croll, Benjamin Yoskovitz
Airbnb, Amazon Mechanical Turk, Amazon Web Services, Any sufficiently advanced technology is indistinguishable from magic, barriers to entry, Bay Area Rapid Transit, Ben Horowitz, bounce rate, business intelligence, call centre, cloud computing, cognitive bias, commoditize, constrained optimization, data science, digital rights, en.wikipedia.org, Firefox, Frederick Winslow Taylor, frictionless, frictionless market, game design, gamification, Google X / Alphabet X, growth hacking, hockey-stick growth, Infrastructure as a Service, Internet of things, inventory management, Kickstarter, lateral thinking, Lean Startup, lifelogging, longitudinal study, Marshall McLuhan, minimum viable product, Network effects, PalmPilot, pattern recognition, Paul Graham, performance metric, place-making, platform as a service, power law, price elasticity of demand, reality distortion field, recommendation engine, ride hailing / ride sharing, rolodex, Salesforce, sentiment analysis, skunkworks, Skype, social graph, social software, software as a service, Steve Jobs, subscription business, telemarketer, the long tail, transaction costs, two-sided market, Uber for X, web application, Y Combinator
Instead, optimize for good customers and segment your activities based on the kinds of customer those activities attract. The Business Model Flipbook A product is more than the thing you buy. It’s the mix of service, branding, fame, street cred, support, packaging, and myriad other factors you pay for. When you purchase an iPhone, you’re also getting a tiny piece of Steve Jobs’s persona. In the same way, a business model is a combination of things. It’s what you sell, how you deliver it, how you acquire customers, and how you make money from them. Many people blur these dimensions of a business model. We’re guilty of it, too. Freemium isn’t a business model—it’s a marketing tactic.
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Now that they’re part of LinkedIn, they’re also subsidized by that company’s business model. If your users all pay, then you need to decide if you’ll have trial periods, discounts, or other incentives. Ultimately, the best revenue strategy is to make a great product: the best startups have what Steve Jobs referred to as the “insanely great,” with customers eager to give them money for what they see as true value. If none of your users pay, then you’re relying on advertising, or other behind-the-scenes subsidies, to pay the bills. Many startups blend several of the six business models we’ve seen to form their own unique revenue model.
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You can jump back to Chapter 9 to learn more about SaaS metrics, or you can skip to Chapter 14 to find out how the stage of your business drives the metrics that matter to you. * * * [34] To be clear: Apple has an App Store, and may have claim to the name. But there are plenty of stores from which users can purchase an application for a platform like Android or Kindle. Even the Wii and Salesforce’s App Exchange share the dynamics we’re talking about here. So when we refer to “an app store,” we mean any marketplace for new products created by the maker of a platform. When we’re referring to Apple’s, we’ll capitalize it. [35] http://www.distimo.com/wp-content/uploads/2012/01/Distimo-Publication-January-2012.pdf [36] http://blog.flurry.com/bid/88014/The-Great-Distribution-of-Wealth-Across-iOS-and-Android-Apps [37] http://www.wired.co.uk/magazine/archive/2012/01/features/test-test-test?
The Rational Optimist: How Prosperity Evolves by Matt Ridley
"World Economic Forum" Davos, 23andMe, Abraham Maslow, agricultural Revolution, air freight, back-to-the-land, banking crisis, barriers to entry, Bernie Madoff, British Empire, call centre, carbon credits, carbon footprint, carbon tax, Cesare Marchetti: Marchetti’s constant, charter city, clean water, cloud computing, cognitive dissonance, collateralized debt obligation, colonial exploitation, colonial rule, Corn Laws, Cornelius Vanderbilt, cotton gin, creative destruction, credit crunch, David Ricardo: comparative advantage, decarbonisation, dematerialisation, demographic dividend, demographic transition, double entry bookkeeping, Easter island, Edward Glaeser, Edward Jenner, electricity market, en.wikipedia.org, everywhere but in the productivity statistics, falling living standards, feminist movement, financial innovation, flying shuttle, Flynn Effect, food miles, Ford Model T, Garrett Hardin, Gordon Gekko, greed is good, Hans Rosling, happiness index / gross national happiness, haute cuisine, hedonic treadmill, Herbert Marcuse, Hernando de Soto, income inequality, income per capita, Indoor air pollution, informal economy, Intergovernmental Panel on Climate Change (IPCC), invention of agriculture, invisible hand, James Hargreaves, James Watt: steam engine, Jane Jacobs, Jevons paradox, John Nash: game theory, joint-stock limited liability company, Joseph Schumpeter, Kevin Kelly, Kickstarter, knowledge worker, Kula ring, Large Hadron Collider, Mark Zuckerberg, Medieval Warm Period, meta-analysis, mutually assured destruction, Naomi Klein, Northern Rock, nuclear winter, ocean acidification, oil shale / tar sands, out of africa, packet switching, patent troll, Pax Mongolica, Peter Thiel, phenotype, plutocrats, Ponzi scheme, precautionary principle, Productivity paradox, profit motive, purchasing power parity, race to the bottom, Ray Kurzweil, rent-seeking, rising living standards, Robert Solow, Silicon Valley, spice trade, spinning jenny, stem cell, Steve Jobs, Steven Pinker, Stewart Brand, supervolcano, technological singularity, Thales and the olive presses, Thales of Miletus, the long tail, The Wealth of Nations by Adam Smith, Thorstein Veblen, trade route, Tragedy of the Commons, transaction costs, ultimatum game, upwardly mobile, urban sprawl, Vernor Vinge, Vilfredo Pareto, wage slave, working poor, working-age population, world market for maybe five computers, Y2K, Yogi Berra, zero-sum game
p. 221 A famous print entitled ‘The Distinguished Men of Science of Great Britain Living in the Year 1807-8’. The print was published alongside a book edited and published by William Walker, Memoirs of the Distinguished Men of Science of Great Britain Living in the Year 1807–08. pp. 221–2 ‘like Gordon Moore and Robert Noyce, Steve Jobs and Sergey Brin, Stanley Boyer and Leroy Hood’. Moore founded Intel, Noyce the microchip, Jobs Apple, Brin Google, Boyer Genentech, Hood Applied Biosystems. p. 222 ‘explained one Hungarian liberal’. Gergely Berzeviczy, quoted in Blanning, T. 2007. The Pursuit of Glory. Penguin. p. 222 ‘France, three times as populous as England, was “cut up by internal customs barriers into three major trade areas”’.
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But only rarely do sufficient capital, freedom, education, culture and opportunity come together in such a way as to draw them out. Two centuries later, somebody could paint a picture of the great men of Silicon Valley and posterity will stand amazed at the thought that giants like Gordon Moore and Robert Noyce, Steve Jobs and Sergey Brin, Stanley Boyer and Leroy Hood all lived at the same time and in the same place. Just as the Californian is today, so in 1700 the British manufacturing entrepreneur was unusually free, compared with both European and Asian equivalents, to invest, invent, expand and reap the profits.
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Intel’s dominance of the microchip industry, and 3M’s of the diversified technology industry, were based not on protecting their inventions so much as on improving them faster than everyone else. Packet switching was the invention that made the internet possible, yet nobody made any royalties out of it. The way to keep your customers, if you are Michael Dell, Steve Jobs or Bill Gates, is to keep making your own products obsolete. The third way to profit from invention is a patent, a copyright or a trademark. The various mechanisms of intellectual property are eerily echoed in the apparently lawless and highly competitive world of real recipes, recipes devised by French chefs for their restaurants.
The Personal MBA: A World-Class Business Education in a Single Volume by Josh Kaufman
Albert Einstein, Alvin Toffler, Atul Gawande, Black Swan, Blue Ocean Strategy, business cycle, business process, buy low sell high, capital asset pricing model, Checklist Manifesto, cognitive bias, correlation does not imply causation, Credit Default Swap, Daniel Kahneman / Amos Tversky, David Heinemeier Hansson, David Ricardo: comparative advantage, Dean Kamen, delayed gratification, discounted cash flows, Donald Knuth, double entry bookkeeping, Douglas Hofstadter, Dunning–Kruger effect, en.wikipedia.org, Frederick Winslow Taylor, George Santayana, Gödel, Escher, Bach, high net worth, hindsight bias, index card, inventory management, iterative process, job satisfaction, Johann Wolfgang von Goethe, Kaizen: continuous improvement, Kevin Kelly, Kickstarter, Lao Tzu, lateral thinking, loose coupling, loss aversion, Marc Andreessen, market bubble, Network effects, Parkinson's law, Paul Buchheit, Paul Graham, place-making, premature optimization, Ralph Waldo Emerson, rent control, scientific management, side project, statistical model, stealth mode startup, Steve Jobs, Steve Wozniak, subscription business, systems thinking, telemarketer, the scientific method, time value of money, Toyota Production System, tulip mania, Upton Sinclair, Vilfredo Pareto, Walter Mischel, Y Combinator, Yogi Berra
Investors increase Communication Overhead (discussed later), which can adversely affect your ability to get things done quickly. It’s also not uncommon for investors to remove executives of a company that’s not performing well, even if those executives are the founders of the company. Even high-flying executives aren’t immune: when Apple was performing poorly in the 1990s, the board of directors fired Steve Jobs from the company he cofounded. A word to the wise: before you take on large amounts of Capital, be aware of how much Power (discussed later) the business’s board of directors will have over the operation of the company. Funding can be useful, but be wary of giving up control over your business’s operations—don’t do it lightly or blindly.
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Excessive Self-Regard Tendency is the natural tendency to overestimate your own abilities, particularly if you have little experience with the matter at hand. Being optimistic about our capabilities has benefits—it increases the probability we’ll try something new. That’s how novices sometimes accomplish great things—they do them before realizing how risky or difficult their objective was. Steve Wozniak, who cofounded Apple Computer with Steve Jobs, built the world’s first personal computer. Here’s what he had to say about the experience: “I never had done any of this stuff before, I never built a computer, I never built a company, I had no idea what I was doing. But I was going to do it, and so I did it.” Woz didn’t know what he was doing, but he thought he could, so he did.
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Sell the product for as high a markup as possible, preferably a multiple of the purchase price. Resellers are valuable because they help wholesalers sell products without having to find individual purchasers. To a farmer, selling apples to millions of individuals would be time-intensive and inefficient: it’s far better to sell them all to a grocery chain and focus on growing more apples. The grocery then takes the apples into inventory and sells them to individual consumers at a higher price. Major retailers like Walmart and Tesco, book retailers like Barnes & Noble, and catalog operations like Lands’ End work in fundamentally the same way: purchase products at low prices directly from manufacturers, then sell them for a higher price as quickly as possible.
The Long Boom: A Vision for the Coming Age of Prosperity by Peter Schwartz, Peter Leyden, Joel Hyatt
"World Economic Forum" Davos, Alan Greenspan, Alvin Toffler, American ideology, Asian financial crisis, Berlin Wall, business cycle, centre right, classic study, clean water, complexity theory, computer age, crony capitalism, cross-subsidies, Danny Hillis, dark matter, dematerialisation, Deng Xiaoping, Dissolution of the Soviet Union, double helix, edge city, Electric Kool-Aid Acid Test, European colonialism, Fall of the Berlin Wall, financial innovation, George Gilder, glass ceiling, global village, Gregor Mendel, Herman Kahn, hydrogen economy, industrial cluster, informal economy, intangible asset, Intergovernmental Panel on Climate Change (IPCC), Isaac Newton, It's morning again in America, junk bonds, Just-in-time delivery, Kevin Kelly, knowledge economy, knowledge worker, life extension, market bubble, mass immigration, megacity, Mikhail Gorbachev, Neal Stephenson, Nelson Mandela, new economy, oil shock, open borders, out of africa, Productivity paradox, QR code, Richard Feynman, Ronald Reagan, Search for Extraterrestrial Intelligence, shareholder value, Silicon Valley, stem cell, Steve Jobs, Stewart Brand, The Hackers Conference, the scientific method, Thomas L Friedman, upwardly mobile, Washington Consensus, We are as Gods, Whole Earth Catalog, women in the workforce, Y2K, zero-sum game
This technological base makes possible a much more efficient and productive knowledge economy and leads to rapid advances in other technologies and fields. HE SINGLE MOST IMPORTANT EVENT to fall on the 1980 dateline Twas the introduction of the personal computer, Apple Computer had technically introduced its first personal computer in 1977, and the first IBM PC came out in 1981, At the time, the personal computer didn't seem like all that big a deal—despite the revolutionary rhetoric of its proponents. Apple's cofounder, Steve Jobs, had said the personal computer would change the world, and frankly, he was right. The introduction of the personal computer will probably go down in history with other key dates like the introduction of the printing press in the 1450s.
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Unger lays it out in his book The Future of American Pmgressivism: An Initiative for Political and Economic Reform, by Roberto Unger and Cornell West (Boston: Beacon press, 1998). Bob Davis and David Wessel, Prosperity, the Coming 20-Year Boom and What It Means to You (New York: Times Business, A Division of Random House, 1998). how we learn: This comes from an interview Leyden had with Bill Gross in Los Angeles in the summer of 1997. "Steve Jobs: The Next Insanely Great Thing," Interview by Gary Wolf, Wired (February 1996), 102-107; 158-163. CIlApTER 4 92 92 93 94 94 95 95 96 100 100 11 percent: These figures are from Richard L. Hudson, "Investing in Euroland, a Safe Haven?" Wall Street Journal (September 28, 1998), R4, and Thomas Kamm, "Au Revolt, Malaise: Europe's Economies Are Back in Business," Wall Street Journal (April 9, 1998), Al.
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And by the 1990s, more than 90 percent of all personal computers were Wintel. What happened to Apple Computer? It was supposed to be the revolutionary, and it was for much of the 1980s. But Apple and Microsoft played out a little minidrama through that decade around the same theme of technological openness. Those two companies had the two most prominent operating systems, and Apple's was technologically better, but this time, Apple stayed on the 22 The LoiNq BOOM dark side of control and would put its software only on its own hardware: If you wanted the Apple software, you had to buy the Apple machine. Microsoft stayed out of the hardware business altogether and designed its software applications to fit any computers—including those of Apple.
The Fourth Industrial Revolution by Klaus Schwab
"World Economic Forum" Davos, 3D printing, additive manufacturing, Airbnb, Amazon Mechanical Turk, Amazon Web Services, Anthropocene, augmented reality, autonomous vehicles, barriers to entry, Baxter: Rethink Robotics, bitcoin, blockchain, Buckminster Fuller, call centre, circular economy, clean water, collaborative consumption, commoditize, conceptual framework, continuous integration, CRISPR, cross-border payments, crowdsourcing, digital divide, digital twin, disintermediation, disruptive innovation, distributed ledger, driverless car, Edward Snowden, Elon Musk, epigenetics, Erik Brynjolfsson, future of work, global value chain, Google Glasses, hype cycle, income inequality, Internet Archive, Internet of things, invention of the steam engine, job automation, job satisfaction, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, life extension, Lyft, Marc Benioff, mass immigration, megacity, meta-analysis, more computing power than Apollo, mutually assured destruction, Narrative Science, Network effects, Nicholas Carr, nuclear taboo, OpenAI, personalized medicine, precariat, precision agriculture, Productivity paradox, race to the bottom, randomized controlled trial, reshoring, RFID, rising living standards, Sam Altman, Second Machine Age, secular stagnation, self-driving car, sharing economy, Silicon Valley, smart cities, smart contracts, social contagion, software as a service, Stephen Hawking, Steve Jobs, Steven Levy, Stuxnet, supercomputer in your pocket, synthetic biology, TaskRabbit, The Future of Employment, The Spirit Level, total factor productivity, transaction costs, Uber and Lyft, uber lyft, Watson beat the top human players on Jeopardy!, Wayback Machine, WikiLeaks, winner-take-all economy, women in the workforce, working-age population, Y Combinator, Zipcar
In the US, people working on the land consisted of 90% of the workforce at the beginning of the 19th century, but today, this accounts for less than 2%. This dramatic downsizing took place relatively smoothly, with minimal social disruption or endemic unemployment. The app economy provides an example of a new job ecosystem. It only began in 2008 when Steve Jobs, the founder of Apple, let outside developers create applications for the iPhone. By mid-2015, the global app economy was expected to generate over $100 billion in revenues, surpassing the film industry, which has been in existence for over a century. The techno-optimists ask: If we extrapolate from the past, why should it be different this time?
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Four major impacts The fourth industrial revolution has four main effects on business across industries: – customer expectations are shifting – products are being enhanced by data, which improves asset productivity – new partnerships are being formed as companies learn the importance of new forms of collaboration, and – operating models are being transformed into new digital models. 3.2.1 Customer Expectations Customers, whether as individuals (B2C) or businesses (B2B), are increasingly at the centre of the digital economy, which is all about how they are served. Customer expectations are being redefined into experiences. The Apple experience, for example, is not just about how we use the product but also about the packaging, the brand, the shopping and the customer service. Apple is thus redefining expectations to include product experience. Traditional approaches to demographic segmentation are shifting to targeting through digital criteria, where potential customers can be identified based on their willingness to share data and interact.
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Many of these algorithms learn from the “bread crumb” trails of data that we leave in the digital world. This results in new types of “machine learning” and automated discovery that enables “intelligent” robots and computers to self-programme and find optimal solutions from first principles. Applications such as Apple’s Siri provide a glimpse of the power of one subset of the rapidly advancing AI field – so-called intelligent assistants. Only two years ago, intelligent personal assistants were starting to emerge. Today, voice recognition and artificial intelligence are progressing so quickly that talking to computers will soon become the norm, creating what some technologists call ambient computing, in which robotic personal assistants are constantly available to take notes and respond to user queries.
The Facebook Effect by David Kirkpatrick
"World Economic Forum" Davos, Andy Kessler, AOL-Time Warner, Benchmark Capital, billion-dollar mistake, Burning Man, delayed gratification, demand response, don't be evil, global village, happiness index / gross national happiness, Howard Rheingold, Jeff Bezos, Marc Andreessen, Marc Benioff, Mark Zuckerberg, Marshall McLuhan, Max Levchin, Menlo Park, Network effects, Peter Thiel, rolodex, Salesforce, Sand Hill Road, sharing economy, Sheryl Sandberg, Silicon Valley, Silicon Valley startup, Skype, social graph, social software, social web, SoftBank, Startup school, Steve Ballmer, Steve Jobs, Stewart Brand, the payments system, The Wealth of Nations by Adam Smith, UUNET, Whole Earth Review, winner-take-all economy, Y Combinator, Yochai Benkler
Zuckerberg wasn’t going to be around, because he was embarking on a monthlong around-the-world trip, now that he’d completed his search for a number two. He’d wanted to take a break for a while. Now was his chance. He traveled alone, carrying only a backpack, to Berlin, Istanbul, India, and Japan, among other places. In India he made a brief pilgrimage—by dusty local bus—to the ashram high in the Himalayas where Steve Jobs and Baba Ram Dass, among others, have sought enlightenment. Colleagues believe Zuckerberg timed the trip deliberately, to give Sandberg a bit of runway to establish her authority inside the company without his interference. But it is symbolically apt that her meetings about how Facebook could best turn its vast user base into a powerful business occurred with Zuckerberg—he of the ambivalence towards ads—out of town.
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Zuckerberg’s mentors and advisors have evolved as the company has grown, from Eduardo Saverin, his friend who knew something about business, to Sean Parker, who had started companies and knew how to deal with financiers, to Don Graham, who ran one of the country’s largest media companies, and now to Andreessen and Steve Jobs, widely considered the most influential businessman in the world. Zuckerberg admires Jobs and has been spending an increasing amount of time with him. Facebook’s board has always been small. Thanks to the machinations of Sean Parker in 2004, Zuckerberg has always controlled it. He expects it to support him in his long-term approach to managing the company.
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By December, Y2M had signed a landmark deal with Apple Computer. Not only did Apple sponsor a group on Thefacebook for fans of its products, but it also paid $1 per month for every user who joined, with a monthly minimum of $50,000. The group was immediately popular, and the minimum was easily exceeded. This was by far the biggest financial development in Thefacebook’s short history. It alone more or less covered the company’s expenses. Executives at Apple were thrilled because they had acquired a powerful platform which allowed them to be in constant touch with Apple fans in college, whom they began offering special discounts and promotions like free iTunes songs.
Culture and Prosperity: The Truth About Markets - Why Some Nations Are Rich but Most Remain Poor by John Kay
Alan Greenspan, Albert Einstein, Asian financial crisis, Barry Marshall: ulcers, behavioural economics, Berlin Wall, Big bang: deregulation of the City of London, Bletchley Park, business cycle, California gold rush, Charles Babbage, complexity theory, computer age, constrained optimization, corporate governance, corporate social responsibility, correlation does not imply causation, Daniel Kahneman / Amos Tversky, David Ricardo: comparative advantage, Donald Trump, double entry bookkeeping, double helix, Dr. Strangelove, Dutch auction, Edward Lloyd's coffeehouse, electricity market, equity premium, equity risk premium, Ernest Rutherford, European colonialism, experimental economics, Exxon Valdez, failed state, Fairchild Semiconductor, financial innovation, flying shuttle, Ford Model T, Francis Fukuyama: the end of history, George Akerlof, George Gilder, Goodhart's law, Great Leap Forward, greed is good, Gunnar Myrdal, haute couture, Helicobacter pylori, illegal immigration, income inequality, industrial cluster, information asymmetry, intangible asset, invention of the telephone, invention of the wheel, invisible hand, John Meriwether, John Nash: game theory, John von Neumann, junk bonds, Kenneth Arrow, Kevin Kelly, knowledge economy, Larry Ellison, light touch regulation, Long Term Capital Management, loss aversion, Mahatma Gandhi, market bubble, market clearing, market fundamentalism, means of production, Menlo Park, Michael Milken, Mikhail Gorbachev, money: store of value / unit of account / medium of exchange, moral hazard, Myron Scholes, Naomi Klein, Nash equilibrium, new economy, oil shale / tar sands, oil shock, Pareto efficiency, Paul Samuelson, pets.com, Phillips curve, popular electronics, price discrimination, price mechanism, prisoner's dilemma, profit maximization, proprietary trading, purchasing power parity, QWERTY keyboard, Ralph Nader, RAND corporation, random walk, rent-seeking, Right to Buy, risk tolerance, road to serfdom, Robert Solow, Ronald Coase, Ronald Reagan, Savings and loan crisis, second-price auction, shareholder value, Silicon Valley, Simon Kuznets, South Sea Bubble, Steve Jobs, Stuart Kauffman, telemarketer, The Chicago School, The Market for Lemons, The Nature of the Firm, the new new thing, The Predators' Ball, The Wealth of Nations by Adam Smith, Thorstein Veblen, total factor productivity, transaction costs, tulip mania, urban decay, Vilfredo Pareto, Washington Consensus, women in the workforce, work culture , yield curve, yield management
The choice of the computer enthusiast was Apple. Apple machines were more fun. Gates and Microsoft had understood that commercial success depended on ease of use rather than technical sophistication. Steve Jobs, founder of Apple, extended this vision further-a computer that you could use without understanding computers. To achieve this, Jobs drew on another invention from Xerox Pare-the graphical user interface. Apple machines had screens that resembled a desktop, and friendly aids such as a mouse and recycle bin. You could access these capabilities only by buying Apple's inte- {120} John Kay grated software and hardware.
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He would have consulted widely in the industry, certainly discussing with Intel what they thought might happen, and commending them on their cooperation with IBM. He might even have gone so far as to hold discussions with Xerox, even though they were not actually making computers at the time of his report. If he had received submissions from the young Bill Gates and { 122} John Kay Steve Jobs, he would have smiled gently and passed them to the secretary of his committee to file. This picture is not fanciful. It is more or less how the computer industry developed, or failed to develop, in the Soviet Union. It is more or less how IBM developed its policies and strategy for the future of its industry. .
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In the next chapter, I consider how households and firms have developed mechanisms to deal with the problems of imperfect information. Information Perfectly competitive markets have many potential buyers and sellers of each commodity, such as apples. All apples are the same. Or perhaps all Granny Smith apples are the same. Or perhaps we can easily tell the quality of each Granny Smith apple and locate many producers of each grade. Even apples are not easy. Goods and services sold in modern market economies are often much more complex. What happens when we are not quite sure what it is we are buying? The Wallet Auction I have just pulled my wallet from my pocket.
The Startup Way: Making Entrepreneurship a Fundamental Discipline of Every Enterprise by Eric Ries
activist fund / activist shareholder / activist investor, Affordable Care Act / Obamacare, Airbnb, AOL-Time Warner, autonomous vehicles, barriers to entry, basic income, Ben Horowitz, billion-dollar mistake, Black-Scholes formula, Blitzscaling, call centre, centralized clearinghouse, Clayton Christensen, cognitive dissonance, connected car, corporate governance, DevOps, Elon Musk, en.wikipedia.org, fault tolerance, financial engineering, Frederick Winslow Taylor, global supply chain, Great Leap Forward, hockey-stick growth, index card, Jeff Bezos, Kickstarter, Lean Startup, loss aversion, machine readable, Marc Andreessen, Mark Zuckerberg, means of production, minimum viable product, moral hazard, move fast and break things, obamacare, PalmPilot, peer-to-peer, place-making, rent-seeking, Richard Florida, Sam Altman, Sand Hill Road, scientific management, secular stagnation, shareholder value, Sheryl Sandberg, Silicon Valley, Silicon Valley startup, six sigma, skunkworks, Steve Jobs, TechCrunch disrupt, the scientific method, time value of money, Toyota Production System, two-pizza team, Uber for X, universal basic income, web of trust, Y Combinator
This requires creating a new kind of milestone that can work even in situations where we are unable to make an accurate forecast. 4. How do we provide professional development and coaching to help people get better at entrepreneurship as a skill? For many leaders, this requires mentoring people with a distinctly different leadership style. Can you imagine trying to coach a young Steve Jobs? And yet most leaders claim that if “the next Steve Jobs” was working for them right now, they’d want that person to bring her or his vision and talent to bear for the organization’s benefit, not to quit and start something new. But, in reality, people with a personality like Jobs’s tend to get fired—and those who find a way to persist within a corporate environment know it’s incredibly difficult to sustain a career with a track record of repeated failures on your résumé.
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It takes skill to tell the difference between an individual who has black marks in his or her personnel file because of incompetence and someone who is circumventing the rules for good reason. It also takes skill to avoid falling for the fakery that some “fauxtrepreneurs” excel at, which can even include “putting on the black turtleneck” in hopes of association by wardrobe with Steve Jobs. (We have this problem in Silicon Valley, too, as some recent very public failures will attest.) A running joke at one famous venture capital firm in Silicon Valley is: “That guy [it’s almost always a guy] has really let failure go to his head!” It refers to a type of person who’s able to continually raise money for the same kind of startup over and over again, despite a lack of success.
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I predict that twenty-first-century managers will live through as many organizational transformations as new-product platforms and come to see organizational forms the same way we see our smartphones—as something disposable that’s top of the line for a few years, then rapidly surpassed. The final lines of the “Fake Steve Jobs” parody “an open letter to the people of the world,” written on the occasion of the release of the first iPad, put it well: “Hold your iPad. Gaze at it. Pray to it. Let it transform you. And do it soon, because before you know it we are going to release version 2, which will make this one look like a total piece of crap.
A Shot to Save the World: The Inside Story of the Life-Or-Death Race for a COVID-19 Vaccine by Gregory Zuckerman
"World Economic Forum" Davos, Albert Einstein, blockchain, Boris Johnson, contact tracing, coronavirus, COVID-19, diversified portfolio, Donald Trump, double helix, Edward Jenner, future of work, Recombinant DNA, ride hailing / ride sharing, Silicon Valley, sovereign wealth fund, stealth mode startup, stem cell, Steve Jobs, TikTok, Travis Kalanick, WeWork
“It was like a punishment,” Bancel says. The sciences didn’t interest Bancel and he hated biology, but technology captivated the boy. He received a computer as a Christmas gift when he was ten years old and threw himself into coding, learning BASIC, C, Pascal, and other languages. Later, after Bancel read a biography of Apple founder Steve Jobs, he decided to become an engineer and maybe even run a company. “The whole idea that you could use computers to start businesses, literally from a garage with nothing, was actually extremely exciting,” he later said.1 In high school, though, an administrator made it clear that only the school’s top two students would be accepted to a top preparatory school, which Bancel knew was his best chance of becoming an engineer.
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Now some journalists, investors, and others in the scientific world were on the lookout for the next Theranos. Holmes and Bancel were both smooth and telegenic salespeople who had raised a shocking amount of cash, sometimes from investors with limited scientific backgrounds. They ran secretive companies. And weirdly, Holmes and Bancel both favored turtlenecks, à la Apple founder Steve Jobs. Moderna vowed to change the world but wouldn’t share a shred of proof to back its claims; it wasn’t a good look. Sometimes the detractors made it harder for Moderna to hire top researchers, a huge problem in an industry that viciously competes for talent. In 2015, when Melissa Moore was courted to join the company in a senior position, she loved the idea of pursuing mRNA medicines but was nervous about the Theranos chatter.
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He didn’t mind the reaction from investors. Someday, they and others would fully appreciate what he and his company was trying to do. Şahin was sure of it. * * * • • • Stéphane Bancel faced even more serious doubts in late 2019. A forty-seven-year-old native of France with full lips, a cleft chin, and a taste for Steve Jobs–inspired turtleneck shirts, Bancel had spent eight years running a Boston-based biotech company called Moderna. By then, Bancel was better known for his powers of persuasion than for any kind of scientific achievement. Bancel had a unique ability to convince investors that Moderna would succeed in its quest to develop safe and effective vaccines and drugs using mRNA.
Tesla: Inventor of the Electrical Age by W. Bernard Carlson
1960s counterculture, air gap, Albert Einstein, Charles Babbage, Clayton Christensen, creative destruction, disruptive innovation, en.wikipedia.org, Ford Model T, Henri Poincaré, invention of radio, Isaac Newton, James Watt: steam engine, Joseph Schumpeter, Menlo Park, packet switching, Plato's cave, popular electronics, Robert Gordon, Ronald Reagan, Steve Jobs, Steve Wozniak, Strategic Defense Initiative, undersea cable, yellow journalism
Perhaps they could persuade Tesla and Peck that Westinghouse was in a stronger technical position and that they should back down. Sending Shallenberger and Stanley to see Tesla was a bit like Steve Jobs’s dealings with Xerox’s Palo Alto Research Center (PARC) in 1979. Determined to have PARC scientists show him their new graphical user interface, Jobs had arranged for Xerox’s venture capital division to invest in his fledging Apple Computer so that PARC would have to cooperate. Much as Xerox capital was the “muscle” needed to force PARC to “open the kimono” and reveal its secrets, so Shallenberger and Stanley were the Westinghouse “muscle.”35 Shallenberger visited Tesla’s lab on 12 June 1888, and Tesla demonstrated his motors operating on four wires.
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Alexander Graham Bell had this sort of relationship with his father-in-law, Gardiner Hubbard, as did Thomas Edison with William Orton of Western Union, but we should ask the same questions about the relationship between steam-engine pioneers James Watt and Matthew Boulton or Steve Wozniak and Steve Jobs with Mike Markula in the early days of Apple Computer.22 For ideas to become disruptive technology, inventors must balance imagination and analysis not only in their own minds but also in relationships with their backers. In thinking about how inventors interact with their backers, it’s now time to turn from ideals to illusions.
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In the case of his polyphase versus split-phase motors, it meant that Tesla thought that society ought to adopt his beautiful polyphase system even if it meant replacing the existing two-wire, single-phase systems with the more expensive four-wire networks needed for polyphase. Practical considerations and cost meant little to Tesla in comparison to an ideal. Here Tesla was like Steve Jobs, who frequently exhorted his engineers not to worry about costs but instead design “insanely great products” with new capabilities.60 The result of this disagreement and confusion with Brown and Page was that Tesla wound up securing two groups of patents: one set covered his ideas for polyphase, multiwire motors and systems, while the second set covered the more practical split-phase or two-wire motors.
The Wisdom of Psychopaths: What Saints, Spies, and Serial Killers Can Teach Us About Success by Kevin Dutton
Asperger Syndrome, Bernie Madoff, business climate, corporate governance, corporate social responsibility, dark triade / dark tetrad, delayed gratification, epigenetics, Fellow of the Royal Society, G4S, impulse control, iterative process, John Nash: game theory, meta-analysis, mirror neurons, Neil Armstrong, Nicholas Carr, no-fly zone, Norman Mailer, Philippa Foot, place-making, RAND corporation, Ronald Reagan, seminal paper, Steve Jobs, Steven Pinker, theory of mind, trolley problem, ultimatum game
Of course, the observation that charm, focus, and ruthlessness—three of the psychopath’s most instantly recognizable calling cards—constitute, if you can juggle them, a blueprint for successful problem solving might not come as too great a surprise, perhaps. But that this triumvirate can also predispose—if the gods are really smiling on you—to inordinate, towering, long-term life success might well be a different matter. Take Steve Jobs. Jobs, commented the journalist John Arlidge shortly after Jobs’s death, achieved his cult leader status “not just by being single-minded, driven, focused (he exuded, according to one former colleague, a ‘blastfurnace intensity’), perfectionistic, uncompromising, and a total ball-breaker. All successful business leaders are like that, however much their highly paid PR honeys might try to tell us they are laid-back fellas, just like the rest of us …” No.
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For more information on decompression and the treatment of psychopaths in general, see Michael F. Caldwell, Michael Vitacco, and Gregory J. Van Rybroek, “Are Violent Delinquents Worth Treating? A Cost-Benefit Analysis,” Journal of Research in Crime and Delinquency 43, no. 2 (2006): 148–68, doi:10.1177/0022427805280053. 4 Take Steve Jobs … See: John Arlidge, “A World in Thrall to the iTyrant,” Sunday Times News Review, October 9, 2011. 5 James Rilling, associate professor of anthropology at Emory University … See James K. Rilling, Andrea L. Glenn, Meeta R. Jairam, Giuseppe Pagnoni, David R. Goldsmith, Hanie A. Elfenbein, and Scott O.
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Anyone remember the Newton or the Power Mac G4 Cube? But what Jobs did bring to the table was style. Sophistication. And timeless, technological charm. He rolled out the red carpet for consumers, from living rooms, offices, design studios, film sets—you name it—right to the doors of Apple stores the world over. Mental Toughness Apple’s setbacks along the road to world domination (indeed, they were on the verge of going down the drain in the early days) serve as a cogent reminder of the pitfalls and stumbling blocks that await all of us in life. No one has it all their own way. Everyone, at some point or other, “leaves someone on the floor,” as the Leonard Cohen song goes.
Smart Cities: Big Data, Civic Hackers, and the Quest for a New Utopia by Anthony M. Townsend
1960s counterculture, 4chan, A Pattern Language, Adam Curtis, air gap, Airbnb, Amazon Web Services, anti-communist, Apple II, Bay Area Rapid Transit, Big Tech, bike sharing, Boeing 747, Burning Man, business process, call centre, carbon footprint, charter city, chief data officer, clean tech, clean water, cloud computing, company town, computer age, congestion charging, congestion pricing, connected car, crack epidemic, crowdsourcing, DARPA: Urban Challenge, data acquisition, Deng Xiaoping, digital divide, digital map, Donald Davies, East Village, Edward Glaeser, Evgeny Morozov, food desert, game design, garden city movement, General Motors Futurama, gentrification, Geoffrey West, Santa Fe Institute, George Gilder, ghettoisation, global supply chain, Grace Hopper, Haight Ashbury, Hedy Lamarr / George Antheil, Herman Kahn, hive mind, Howard Rheingold, interchangeable parts, Internet Archive, Internet of things, Jacquard loom, Jane Jacobs, Jevons paradox, jitney, John Snow's cholera map, Joi Ito, Khan Academy, Kibera, Kickstarter, knowledge worker, Lewis Mumford, load shedding, lolcat, M-Pesa, machine readable, Mark Zuckerberg, megacity, megaproject, messenger bag, mobile money, mutually assured destruction, new economy, New Urbanism, Norbert Wiener, Occupy movement, off grid, One Laptop per Child (OLPC), openstreetmap, packet switching, PalmPilot, Panopticon Jeremy Bentham, Parag Khanna, patent troll, Pearl River Delta, place-making, planetary scale, popular electronics, power law, RFC: Request For Comment, RFID, ride hailing / ride sharing, Robert Gordon, scientific management, self-driving car, sharing economy, Shenzhen special economic zone , Silicon Valley, SimCity, Skype, smart cities, smart grid, smart meter, social graph, social software, social web, SpaceShipOne, special economic zone, Steve Jobs, Steve Wozniak, Stuxnet, supply-chain management, technoutopianism, Ted Kaczynski, telepresence, The Death and Life of Great American Cities, too big to fail, trade route, Twitter Arab Spring, Tyler Cowen, Tyler Cowen: Great Stagnation, undersea cable, Upton Sinclair, uranium enrichment, urban decay, urban planning, urban renewal, Vannevar Bush, working poor, working-age population, X Prize, Y2K, zero day, Zipcar
But you had to put the thing together yourself.12 Hobbyists quickly formed groups like Silicon Valley’s Homebrew Computer Club to trade tips, hacks, and parts for these DIY computers. Homebrew was a training camp for innovators like Apple cofounders Steve Jobs and Steve Wozniak who would overthrow IBM’s dominance of the computer industry. (According to Wozniak, the Apple I and Apple II were demo’d at Homebrew meetings repeatedly during their development.)13 Never before had so much computing power been put in the hands of so many. Grassroots smart-city technologies—mobile apps, community wireless networks, and open-source microcontrollers among them—are following a similar trajectory as the PC: from utopian idea to geek’s plaything to mass market.
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A sleepy suburb at night, by day Palo Alto becomes the beating heart of Silicon Valley, the monied epicenter of the greatest gathering of scientific and engineering talent in the history of human civilization. To the west, across the street, lies Stanford University. The Googleplex sprawls a few miles to the east. In the surrounding region, some half-million engineers live and work. A tech tycoon or two wouldn’t be out of place here. Steve Jobs was a regular. Excusing myself to the men’s room, however, I discover that Calafia Café has a major technology problem. Despite the pedigree of its clientele, the smart toilet doesn’t work. As I stare hopefully at the stainless steel throne, a red light peering out from the small black plastic box that contains the bowl’s “brains” blinks at me fruitlessly.
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Almost immediately after the iPhone’s launch in June 2007, hackers figured out how to “jailbreak” the iPhone’s operating system, a technique that allowed them to load third-party software. A little more than a year later, in July 2008, Apple co-opted the growing movement by launching the iTunes App Store. The App Store created a place where buyers and sellers of software for mobile devices could come together and easily do business with a few clicks. While not quite as open as the Web (Apple could and did ban many apps, especially those that replicated the iOS operating system’s core features like e-mail), it was a huge improvement. Second, apps made signing up new users and getting them to interact with the service much easier.
Be Obsessed or Be Average by Grant Cardone
Albert Einstein, benefit corporation, eat what you kill, Elon Musk, fear of failure, job-hopping, Mark Zuckerberg, Silicon Valley, Snapchat, solopreneur, Steve Jobs, telemarketer, white picket fence
They quit striving for a better life and quit short of their potential. Never take advice from a quitter. #BeObsessed @GrantCardone So how can you live above the average line? By being all in and obsessed. Let’s look at some people who have proven that. YOU ARE THE ONLY ONE WHO HAS YOUR DREAMS Steve Jobs said: “I want to put a dent in the universe.” Martin Luther King Jr. said: “I have a dream. . . .” Gandhi said: “Be the change you want to see in the world.” Bill Gates said: “Success is a lousy teacher. It seduces smart people into thinking they can’t lose.” Muhammad Ali said: “I am the greatest.”
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Yes, victory comes at a price—so does settling. Sure, you might be totally and completely insane. But you’re not going to stop. Because history shows that only the obsessed make it—people like Alexander the Great, Joan of Arc, Albert Einstein, Alexander Graham Bell, Thomas Edison, Elon Musk, Howard Schultz, Oprah, Vincent van Gogh, Steve Jobs, Christopher Columbus, Charlie Chaplin, Mozart, Michelangelo, Bill Gates, Mark Zuckerberg, Leonardo DiCaprio, Martin Scorsese, Jay Z, Beyoncé, Serena Williams, and on and on. There is no shortage of these people, and like them or hate them, admire them or detest them, we all know them! Whether or not you agree with their missions or how they got there, you can’t deny that they were obsessed—and that’s why you know their names.
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Businesses are made of people, not just machines, automations, and technology. You need people around you to implement programs, to add passion to the technology, to serve customers, and ultimately to get you where you want to go. Consider the behemoth online company Amazon: It has more than 220,000 employees. Apple has more than 100,000; Microsoft has around the same number. Ernst & Young has more than 200,000 people. Apple calls the employees working in its stores “Geniuses.” Don’t you want to hire employees deserving of that title too? Think of how powerful they could make your business. YES, HIRING IS WORTH IT— EVEN IN THE CULTURE OF AVERAGE I made the mistake of staying small because I thought it was just too hard to find good people and even harder to keep them.
Wonderland: How Play Made the Modern World by Steven Johnson
"hyperreality Baudrillard"~20 OR "Baudrillard hyperreality", Ada Lovelace, adjacent possible, Alfred Russel Wallace, Antoine Gombaud: Chevalier de Méré, Berlin Wall, bitcoin, Book of Ingenious Devices, Buckminster Fuller, Charles Babbage, Claude Shannon: information theory, Clayton Christensen, colonial exploitation, computer age, Computing Machinery and Intelligence, conceptual framework, cotton gin, crowdsourcing, cuban missile crisis, Drosophila, Edward Thorp, Fellow of the Royal Society, flying shuttle, game design, global village, Great Leap Forward, Hedy Lamarr / George Antheil, HyperCard, invention of air conditioning, invention of the printing press, invention of the telegraph, Islamic Golden Age, Jacquard loom, Jacques de Vaucanson, James Watt: steam engine, Jane Jacobs, John von Neumann, joint-stock company, Joseph-Marie Jacquard, land value tax, Landlord’s Game, Lewis Mumford, lone genius, mass immigration, megacity, Minecraft, moral panic, Murano, Venice glass, music of the spheres, Necker cube, New Urbanism, Oculus Rift, On the Economy of Machinery and Manufactures, pattern recognition, peer-to-peer, pets.com, placebo effect, pneumatic tube, probability theory / Blaise Pascal / Pierre de Fermat, profit motive, QWERTY keyboard, Ray Oldenburg, SimCity, spice trade, spinning jenny, statistical model, Steve Jobs, Steven Pinker, Stewart Brand, supply-chain management, talking drums, the built environment, The Great Good Place, the scientific method, The Structural Transformation of the Public Sphere, trade route, Turing machine, Turing test, Upton Sinclair, urban planning, vertical integration, Victor Gruen, Watson beat the top human players on Jeopardy!, white flight, white picket fence, Whole Earth Catalog, working poor, Wunderkammern
Right after Brand’s manifesto was published, another young hippie from the Bay Area started working for the pioneering game company Atari (which had been founded to bring a commercial version of Spacewar! to the market) and then shortly thereafter created a company devoted exclusively to manufacturing personal computers. His name, of course, was Steve Jobs. In his Rolling Stone piece, Brand alluded to an important distinction between “low-rent” and “high-rent” forms of research. High-rent is official business: fancy R&D labs funded by corporate interests or government grants, reviewed by supervisors, with promising ideas funneled onto production lines.
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Horace-Bénédict de Saussure The word innovation is conventionally used to describe advances in science or technology; the lightbulb is an innovation, as is the iPod. But our lives today have been shaped not only by new gadgets but also by new ideas and attitudes that had to be nurtured and disseminated by people who were in many cases as visionary and as driven as Thomas Edison or Steve Jobs. The idea of nature as a space to seek out and savor aesthetically was one of those attitudes. It seems intuitive to us today, living in a world where national parks attract tens of millions of visitors a year. But that sensibility was itself a kind of cultural innovation, one that that came together in the late 1700s and early 1800s.
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In the spring of 1838, Charles Darwin spent several rapt hours watching Jenny, “in great perfection.” During his stay, the keeper showed Jenny an apple, but then withheld it, and the two began a complex exchange that astounded Darwin. He later recalled: She threw herself on her back, kicked and cried, precisely like a naughty child. She then looked very sulky and after two or three fits of passion, the keeper said ‘Jenny if you will stop bawling and be a good girl, I will give you the apple.’ She certainly understood every word of this, and though, like a child, she had great work to stop whining, she at last succeeded, and then got the apple, with which she jumped into an arm chair and began eating it, with the most contented countenance imaginable.
Misbehaving: The Making of Behavioral Economics by Richard H. Thaler
3Com Palm IPO, Alan Greenspan, Albert Einstein, Alvin Roth, Amazon Mechanical Turk, Andrei Shleifer, Apple's 1984 Super Bowl advert, Atul Gawande, behavioural economics, Berlin Wall, Bernie Madoff, Black-Scholes formula, book value, business cycle, capital asset pricing model, Cass Sunstein, Checklist Manifesto, choice architecture, clean water, cognitive dissonance, conceptual framework, constrained optimization, Daniel Kahneman / Amos Tversky, delayed gratification, diversification, diversified portfolio, Edward Glaeser, endowment effect, equity premium, equity risk premium, Eugene Fama: efficient market hypothesis, experimental economics, Fall of the Berlin Wall, George Akerlof, hindsight bias, Home mortgage interest deduction, impulse control, index fund, information asymmetry, invisible hand, Jean Tirole, John Nash: game theory, John von Neumann, Kenneth Arrow, Kickstarter, late fees, law of one price, libertarian paternalism, Long Term Capital Management, loss aversion, low interest rates, market clearing, Mason jar, mental accounting, meta-analysis, money market fund, More Guns, Less Crime, mortgage debt, Myron Scholes, Nash equilibrium, Nate Silver, New Journalism, nudge unit, PalmPilot, Paul Samuelson, payday loans, Ponzi scheme, Post-Keynesian economics, presumed consent, pre–internet, principal–agent problem, prisoner's dilemma, profit maximization, random walk, randomized controlled trial, Richard Thaler, risk free rate, Robert Shiller, Robert Solow, Ronald Coase, Silicon Valley, South Sea Bubble, Stanford marshmallow experiment, statistical model, Steve Jobs, sunk-cost fallacy, Supply of New York City Cabdrivers, systematic bias, technology bubble, The Chicago School, The Myth of the Rational Market, The Signal and the Noise by Nate Silver, The Wealth of Nations by Adam Smith, Thomas Kuhn: the structure of scientific revolutions, transaction costs, ultimatum game, Vilfredo Pareto, Walter Mischel, zero-sum game
Journal of Economic Behavior and Organization 39, no. 1: 59–82. Cameron, Lisa Ann. 1999. “Raising the Stakes in the Ultimatum Game: Experimental Evidence from Indonesia.” Economic Inquiry 37, no. 1: 47–59. Carlson, Nicolas. 2014. “What Happened When Marissa Mayer Tried to Be Steve Jobs.” New York Times Magazine, December 17. Available at: http://www.nytimes.com/2014/12/21/magazine/what-happened-when-marissa-mayer-tried-to-be-steve-jobs.html. Case, Karl E., and Robert J. Shiller. 2003. “Is There a Bubble in the Housing Market?” Brookings Papers on Economic Activity, no. 2: 299–362. Case, Karl E., Robert J. Shiller, and Anne Thompson. 2012. “What Have They been Thinking?
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Shares of the fund trade in the market, so if an investor wants to sell her shares, she has to do so at the fund’s market price. Go back to the hypothetical Apple fund example and suppose now the fund is organized as a closed-end fund, and as before, one share of the fund gets you one share of Apple stock. What is the market price for the Apple closed-end fund? One would assume net asset value, namely, the current price of Apple. If it were anything else, the law of one price would be violated, since it would be possible to buy Apple shares at two different prices, one determined by the market price of Apple shares, and the other by the price of the Apple fund. The EMH makes a clear prediction about the prices of closed-end fund shares: they will be equal to NAV.
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With a more familiar open-end fund, investors can at any time put money into the fund or take money out, and all transactions are conducted at a price determined by the value of the fund’s underlying assets, the so-called Net Asset Value (NAV) of the fund. Imagine a fund that only buys shares in Apple Corporation, and one share of the Apple fund gets you one share of Apple stock. Suppose Apple is selling for $100 a share, and an investor wants to invest $1,000. The investor sends the fund $1,000 and gets back ten shares of the fund. If the investor later wants to withdraw from the fund, the amount returned will depend on the current price of Apple. If the price has doubled to $200 a share, when the investor cashes out she will get back $2,000 (less fees charged by the fund).
Rise of the Machines: A Cybernetic History by Thomas Rid
1960s counterculture, A Declaration of the Independence of Cyberspace, agricultural Revolution, Albert Einstein, Alistair Cooke, Alvin Toffler, Apple II, Apple's 1984 Super Bowl advert, back-to-the-land, Berlin Wall, Bletchley Park, British Empire, Brownian motion, Buckminster Fuller, business intelligence, Charles Babbage, Charles Lindbergh, Claude Shannon: information theory, conceptual framework, connected car, domain-specific language, Douglas Engelbart, Douglas Engelbart, Dr. Strangelove, dumpster diving, Extropian, full employment, game design, global village, Hacker News, Haight Ashbury, Herman Kahn, Howard Rheingold, Ivan Sutherland, Jaron Lanier, job automation, John Gilmore, John Markoff, John Perry Barlow, John von Neumann, Kevin Kelly, Kubernetes, Marshall McLuhan, Menlo Park, military-industrial complex, Mitch Kapor, Mondo 2000, Morris worm, Mother of all demos, Neal Stephenson, new economy, New Journalism, Norbert Wiener, offshore financial centre, oil shale / tar sands, Oklahoma City bombing, operational security, pattern recognition, public intellectual, RAND corporation, Silicon Valley, Simon Singh, Snow Crash, speech recognition, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, systems thinking, technoutopianism, Telecommunications Act of 1996, telepresence, The Hackers Conference, Timothy McVeigh, Vernor Vinge, We are as Gods, Whole Earth Catalog, Whole Earth Review, Y2K, Yom Kippur War, Zimmermann PGP
They invented time-sharing, against the interest of large corporations, and gave more people access to SAGE-style supercomputers—in effect, turning mainframes into more widely accessible virtual personal computers. The second wave of hackers, in the late 1970s, overturned mainframes entirely by bringing the personal computer to market. Many of them were hard-core counterculture types—for instance, Steve Jobs and Steve Wozniak, two cofounders of Apple. They had honed their skills by developing, and then selling, so-called blue boxes, illegal phone phreaking devices to make free calls. Then came the third wave of “hackers,” the social hackers of the early 1980s. The personal computer and emerging network technology didn’t articulate an entire philosophy and aesthetic just by themselves.
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His new IBM PC was sitting on a red lacquer picnic table, the guests hovering curiously around the magic machine, half-empty glasses in hand. IBM had launched the model two and a half years earlier, at an introductory price of $1,565. The box came from the future, in cream color. “Tim, it’s beautiful,” one guest said, admiringly. “The max, Tim, the max.” “Make it talk.”75 Just days earlier, on January 24, Steve Jobs had introduced the Macintosh at De Anza College’s Flint Center near the company’s headquarters in Cupertino to an enthusiastic crowd. Jobs, in a baggy double-breasted suit, had made the “insanely great” Macintosh talk, to the roaring applause of the twenty-six-hundred-strong audience. Leary knew that the young idealists, the early computer adopters, recognized the significance of freeing their perception from conformism and conservatism.76 The vehicle for this subversion was merging man and machine.
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Algebra isn’t limited by the availability of fresh apples to count or to multiply. Arithmetic is dealing with abstract entities. The ambitions of the emerging discipline were equally expansive. The “real machine” could be electronic, mechanical, neural, social, or economic. This alone meant that the realm of cybernetics was vast. This ambitious vision of cybernetics is best expressed through an analogy: cybernetics relates to the machine as geometry relates to the object in space. Ashby’s machines-and-math comparison was an inspiration, a stroke of genius. Nature provides a range of geometrical objects in space: stones, apples, snakes, horses, or something more complex, like trees or mountains.
The Fissured Workplace by David Weil
"Friedman doctrine" OR "shareholder theory", accounting loophole / creative accounting, affirmative action, Affordable Care Act / Obamacare, banking crisis, barriers to entry, behavioural economics, business cycle, business process, buy and hold, call centre, Carmen Reinhart, Cass Sunstein, Clayton Christensen, clean water, collective bargaining, commoditize, company town, corporate governance, corporate raider, Corrections Corporation of America, Daniel Kahneman / Amos Tversky, David Ricardo: comparative advantage, declining real wages, employer provided health coverage, Frank Levy and Richard Murnane: The New Division of Labor, George Akerlof, global supply chain, global value chain, hiring and firing, income inequality, independent contractor, information asymmetry, intermodal, inventory management, Jane Jacobs, Kenneth Rogoff, law of one price, long term incentive plan, loss aversion, low skilled workers, minimum wage unemployment, moral hazard, Network effects, new economy, occupational segregation, Paul Samuelson, performance metric, pre–internet, price discrimination, principal–agent problem, Rana Plaza, Richard Florida, Richard Thaler, Ronald Coase, seminal paper, shareholder value, Silicon Valley, statistical model, Steve Jobs, supply-chain management, The Death and Life of Great American Cities, The Nature of the Firm, transaction costs, Triangle Shirtwaist Factory, ultimatum game, union organizing, vertical integration, women in the workforce, yield management
In addition, Apple outsourced parts of marketing, printing, and even design aspects to other companies.27 Reliance on outsourcing remained a basic part of strategy spanning 1986–1997, the troubled period when Apple’s founder, Steve Jobs, was ousted from the company. With Jobs’s return as CEO in 1997, Apple struck out in new directions with the introduction of the iPod and the corresponding iTune stores (2001), iPhone (2007), and iPad (2010), digital products that came to eclipse its computer lines. Apple maintained its focus on design, new product development, and retailing (including through its own Apple stores). At the same time, it further expanded its outsourcing of manufacturing. When asked by President Barack Obama in February 2011 at a dinner meeting of Silicon Valley executives what it would take to make Apple products in the United States, Jobs crisply replied, “Those jobs aren’t coming back.”
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Apple also agreed to major changes to its monitoring policies, including tripling the number of people in its social responsibility unit in charge of implementing its monitoring program and recruiting prominent former Apple executives to head up the renewed efforts. Public scrutiny and the contradiction between Steve Jobs’s fabled attention to minute product detail juxtaposed with wide-ranging failure to adhere to labor standards, provoked Apple to recognize that it could no longer “have it both ways” in terms of embracing its attention to design detail while claiming little knowledge of the working conditions surrounding production.
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The business history of Apple Inc. is illustrative. The company’s soaring profitability over the past decade arises not from its products per se but from its capacity to design, engineer, and market high-quality digital products at the cutting edge of its consumer base’s tastes. Its decision to focus on product design, marketing, and retailing rather than on manufacturing goes back to the days of the Apple II (the company’s earliest successful line of home computers, introduced in 1977). An estimated 70% of the manufacturing of the Apple II series was outsourced to other companies. In addition, Apple outsourced parts of marketing, printing, and even design aspects to other companies.27 Reliance on outsourcing remained a basic part of strategy spanning 1986–1997, the troubled period when Apple’s founder, Steve Jobs, was ousted from the company.
The Age of Cryptocurrency: How Bitcoin and Digital Money Are Challenging the Global Economic Order by Paul Vigna, Michael J. Casey
Airbnb, Alan Greenspan, altcoin, Apple Newton, bank run, banking crisis, bitcoin, Bitcoin Ponzi scheme, blockchain, Bretton Woods, buy and hold, California gold rush, capital controls, carbon footprint, clean water, Cody Wilson, collaborative economy, collapse of Lehman Brothers, Columbine, Credit Default Swap, cross-border payments, cryptocurrency, David Graeber, decentralized internet, disinformation, disintermediation, Dogecoin, driverless car, Edward Snowden, Elon Musk, Ethereum, ethereum blockchain, fiat currency, financial engineering, financial innovation, Firefox, Flash crash, Ford Model T, Fractional reserve banking, Glass-Steagall Act, hacker house, Hacker News, Hernando de Soto, high net worth, informal economy, intangible asset, Internet of things, inventory management, Joi Ito, Julian Assange, Kickstarter, Kuwabatake Sanjuro: assassination market, litecoin, Long Term Capital Management, Lyft, M-Pesa, Marc Andreessen, Mark Zuckerberg, McMansion, means of production, Menlo Park, mobile money, Money creation, money: store of value / unit of account / medium of exchange, Nelson Mandela, Network effects, new economy, new new economy, Nixon shock, Nixon triggered the end of the Bretton Woods system, off-the-grid, offshore financial centre, payday loans, Pearl River Delta, peer-to-peer, peer-to-peer lending, pets.com, Ponzi scheme, prediction markets, price stability, printed gun, profit motive, QR code, RAND corporation, regulatory arbitrage, rent-seeking, reserve currency, Robert Shiller, Ross Ulbricht, Satoshi Nakamoto, seigniorage, shareholder value, sharing economy, short selling, Silicon Valley, Silicon Valley startup, Skype, smart contracts, special drawing rights, Spread Networks laid a new fibre optics cable between New York and Chicago, Steve Jobs, supply-chain management, Ted Nelson, The Great Moderation, the market place, the payments system, The Wealth of Nations by Adam Smith, too big to fail, transaction costs, tulip mania, Turing complete, Tyler Cowen, Tyler Cowen: Great Stagnation, Uber and Lyft, uber lyft, underbanked, Vitalik Buterin, WikiLeaks, Y Combinator, Y2K, zero-sum game, Zimmermann PGP
The notion that a particular business was born out of the brilliant idea of someone working against the odds helps to personalize the product and boost appeal. Such allusions are everywhere in business: Ford Motor’s Model T, Coca-Cola’s secret recipe, Bill Hewlett and Bob Packard’s garage, Steve Jobs and the first Apple computer. “In business, creation stories reinforce the role of the individual as a societal agent of change and speak to a core audience of customers,” wrote Nicolas Colas, chief market strategist for brokerage ConvergEx, in a research piece reflecting on the importance of the mystery surrounding bitcoin’s founder.
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They have meetups, and “fireside” chats, and attract heavy talent: Joi Ito, the director of the MIT Media Lab in Massachusetts, spoke at iHub in May 2014. Google’s Eric Schmidt also visited. The center’s goals are similar to those in Silicon Valley: to foster entrepreneurship, to build a network and get young people and young minds engaged and creating—one can almost hear Steve Jobs saying “magical”—things. But whereas in the United States techies are often coming up with gee-whiz devices to fulfill needs we didn’t know we had—do you really need a robot to sweep your floor?—in Nairobi, the goals tend toward more immediate needs, e.g., toward products that improve governance or make the health-care system more effective or the water supply safer and better allocated.
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In 1990, Glaser was replaced by Colin Crook, a Brit known for developing Motorola’s 68000 microchip, then used by the Apple Macintosh. Embodying the same spirit of inventiveness, the cutting-edge lab would then embark on what was perhaps its most audacious project ever: the reinvention of money. The man who drove this project was Sholom Rosen, a technologist with a yen for cryptography who’d been hired by Glaser. Like many finance-based techies of the time, Rosen was obsessed with how to bring money into the consumer-focused digital realm that companies such as Hewlett-Packard, Microsoft, Intel, Apple, and Sun Microsystems were creating. The Internet had not yet taken off, and applications such as Napster, iTunes, and Kindle were still far off in the future, but Rosen was already imagining an era in which people would buy and use digitized music files and other forms of entertainment over their computers.
Information Doesn't Want to Be Free: Laws for the Internet Age by Cory Doctorow, Amanda Palmer, Neil Gaiman
Airbnb, barriers to entry, Big Tech, Brewster Kahle, cloud computing, Dean Kamen, Edward Snowden, game design, general purpose technology, Internet Archive, John von Neumann, Kickstarter, Large Hadron Collider, machine readable, MITM: man-in-the-middle, optical character recognition, plutocrats, pre–internet, profit maximization, recommendation engine, rent-seeking, Saturday Night Live, Skype, Steve Jobs, Steve Wozniak, Stewart Brand, Streisand effect, technological determinism, transfer pricing, Whole Earth Catalog, winner-take-all economy
Blu-ray’s keys are 128 bits long—you could spraypaint one of them onto a smallish wall. Is Apple for or against digital locks? One of the world’s most successful digital-lock vendors is Apple. Despite public pronouncements from its late cofounder, Steve Jobs, condemning DRM, Apple has deployed digital locks in nearly every corner of its business. The popular iOS devices—the iPod, iPhone, and iPad—all use DRM that ensures that only software bought through Apple’s store can run on them. (Apple gets 30 percent of the purchase price of such software, and another 30 percent of any in-app purchases you make afterward.) Apple’s iTunes Store, meanwhile, sells all its digital video and audiobooks with DRM.
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You couldn’t buy the kind of promotion that the labels wanted, and you could sell songs for only one price: ninety-nine cents. The labels hated this. Apple wouldn’t budge on it. The labels came to realize that they’d been caught in yet another roach motel: their customers had bought millions of dollars’ worth of Apple-locked music, and if the labels left the iTunes Store, the listeners would be hard-pressed to follow them. Just to make this very clear, Apple threatened a competitor, RealNetworks, when Real released a version of its player that allowed users to load (digitally locked) songs bought from the RealPlayer store onto an iPod, enabling customers to play both Real’s and Apple’s music on the same device. “We are stunned that RealNetworks has adopted the tactics and ethics of a hacker to break into the iPod, and we are investigating the implications of their actions under the DMCA and other laws,” Apple said.
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In the beginning, there were a bunch of “proprietary” music stores that signed up one or two labels each, and distributed music using their own digital locks. No one liked these stores very much. Then Apple created the first iPod, in 2001, and went around to the labels and said, “Look, these things only work with Macs, because they require an obscure cable-port called Firewire. That’s only 5 percent of the market. Why don’t you try an experiment with us?” And the iTunes Store was born, with music from all the big labels. The experiment turned out to be successful—so successful that the labels didn’t dare pull out when the iPod started to work with Windows as well. But Apple had lots of rules about selling music. You couldn’t buy the kind of promotion that the labels wanted, and you could sell songs for only one price: ninety-nine cents.
100 Plus: How the Coming Age of Longevity Will Change Everything, From Careers and Relationships to Family And by Sonia Arrison
23andMe, 8-hour work day, Abraham Maslow, Albert Einstein, Anne Wojcicki, artificial general intelligence, attribution theory, Bill Joy: nanobots, bioinformatics, caloric restriction, caloric restriction, Clayton Christensen, dark matter, disruptive innovation, East Village, en.wikipedia.org, epigenetics, Frank Gehry, Googley, income per capita, indoor plumbing, Jeff Bezos, Johann Wolfgang von Goethe, Kickstarter, Larry Ellison, Law of Accelerating Returns, life extension, Nick Bostrom, personalized medicine, Peter Thiel, placebo effect, post scarcity, precautionary principle, radical life extension, Ray Kurzweil, rolodex, Silicon Valley, Silicon Valley billionaire, Simon Kuznets, Singularitarianism, smart grid, speech recognition, stem cell, Stephen Hawking, Steve Jobs, Steve Wozniak, Steven Levy, sugar pill, synthetic biology, Thomas Malthus, upwardly mobile, World Values Survey, X Prize
And in a world where technology will continue to help level playing fields, businesses that shun smart, young people will face competitive disadvantages. There are many examples of young people starting small companies that grew into larger, very successful companies. For example, Steve Jobs and Steve Wozniak started Apple in their early twenties—the same age as Bill Gates and Paul Allen when they started Microsoft—and Sergey Brin and Larry Page launched Google in their mid-twenties. GOING LONG ON AMBITION The degree to which longevity will change the economic order also depends somewhat on how much of an effect an increased health span has on the conditions of human ambition.
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Making cells blink, glow, or smell like banana is what many DIY bio types have on their minds, and such frivolous pursuits are reminiscent of the beginnings of the personal computer revolution. Back in the 1970s, it was the Homebrew Club that brought together clever thinkers—such as future Apple founders Steve Jobs and Steve Wozniak—to trade parts, circuits, and information for DIY computing devices. The point is that biology has become the latest and greatest engineering project, one that hobbyists celebrate. More importantly, eventually this passion will change the world. Those who have already made it big in the technology industry have not failed to notice.
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See Artificial intelligence AIDS Airlines Alchemists Alcohol consumption Alexander the Great Algae Alginate hydrogel Allen, Paul Allen, Woody Allen Institute for Brain Science (Seattle) Alm, Richard Alzheimer’s Ambition American Council on Science and Health American Federation of Labor-Congress of Industrial Organizations Ames, Bruce Anatomy of Love (Fisher) Angola Annas, George Antibiotics Apple Inc. Aquinas, St. Thomas Archimedes Archon Genomics X PRIZE Aristotle Armed Forces Institute of Regenerative Medicine (AFIRM) Arnett, Dr. Jeffrey Jensen Art Artemisinin Arteriocyte company Artificial intelligence (AI) Artificial life Asian American females Asimov, Isaac Association of Medical Practitioners and Dentists (Italy) Astrology Atala, Dr.
Scarred: The True Story of How I Escaped NXIVM, the Cult That Bound My Life by Sarah Edmondson
Albert Einstein, dark matter, financial independence, Keith Raniere, Mason jar, Skype, Steve Jobs, unpaid internship, upwardly mobile, young professional
As long as Mark made himself available to David and me anytime we felt uncertainty, I’d continue to remain committed—and anytime I had started to feel some doubt, it was Mark who reminded me that any worthwhile progress always starts with questions. That promise about evolving humanity was how the senior-level executives made sure those of us who seemed like good targets would want to stay in. In passing conversations during the Five-Day and now here in Tacoma, I’d heard the senior coaches compare Keith Raniere to Steve Jobs and Bill Gates—leaders who saw the world differently and inspired millions everywhere to live their lives by totally different everyday practices. And for those leaders, they reminded us, there were always haters. There’d been the people who said computers would never become mainstream. The ones who said iTunes ruined the film and music businesses (I knew people in my industry who felt that way).
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Are we gonna have fun?” Nancy recently had made a project of working on Keith’s personal style. He’d cut his hair from biblical to collar-length, more like somebody who had a real full-time job in an office. He’d also traded in his outdated square-rimmed glasses for a rounder frame, reminiscent of Steve Jobs—and instead of the golf shirts I’d seen him wear that sometimes bore wet marks around the underarms, he’d taken to wearing cashmere V-neck sweaters, often with a gleaming white T-shirt underneath. For the first time, he actually looked the part of someone who led a company. “Come on!” he chided me.
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We filmed him at all hours of the night, sometimes at a moment’s notice. He was insistent that we capture his every thought. We’d been told that all of these musings, forums, and teachings were being catalogued for a “Vanguard database,” which still kind of puzzled me. At one point after a forum I got tired and retreated to the back of the auditorium to snack on an apple. Seconds after Nancy had left the stage, she stood at my side. “You’re not supposed to eat during trainings,” she said. “Oh,” I replied. “I’m sorry. I didn’t realize that a forum is a training.” “You’re mad-dogging me,” she said. My stomach dropped. “Next time you’re hungry or tired, I would advise you to change your state.”
Behemoth: A History of the Factory and the Making of the Modern World by Joshua B. Freeman
anti-communist, British Empire, Capital in the Twenty-First Century by Thomas Piketty, Charles Babbage, classic study, clean water, collective bargaining, company town, Corn Laws, corporate raider, cotton gin, deindustrialization, Deng Xiaoping, disruptive innovation, driverless car, en.wikipedia.org, factory automation, flying shuttle, Ford Model T, Ford paid five dollars a day, Frederick Winslow Taylor, global supply chain, Great Leap Forward, Herbert Marcuse, high-speed rail, household responsibility system, indoor plumbing, interchangeable parts, invisible hand, James Hargreaves, joint-stock company, knowledge worker, mass immigration, means of production, mittelstand, Naomi Klein, new economy, On the Economy of Machinery and Manufactures, Panopticon Jeremy Bentham, Pearl River Delta, post-industrial society, Ralph Waldo Emerson, rising living standards, Ronald Reagan, scientific management, Shenzhen special economic zone , Silicon Valley, special economic zone, spinning jenny, Steve Jobs, strikebreaker, techno-determinism, technoutopianism, the built environment, The Wealth of Nations by Adam Smith, Thorstein Veblen, Tim Cook: Apple, transaction costs, union organizing, Upton Sinclair, urban planning, Vanguard fund, vertical integration, women in the workforce, working poor, Works Progress Administration, zero-sum game
The juxtaposition of workers feeling so oppressed and alienated by their jobs that they took their lives with the elegantly designed Apple products—seamless, luxurious, futuristic—for a moment raised uncomfortable questions about the sausage factory in which the meat of modernity was being produced, and the human cost of stylish and convenient gadgets.1 The corporate reaction to the suicides proved almost as disturbing as the deaths. The companies that used Foxconn to produce their products, including Apple, Dell, and Hewlett-Packard, took a low-key approach, expressing concern and saying that they were investigating. Apple CEO Steve Jobs called the suicides “very troubling,” adding, “We’re all over this.”
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Even more important, just-in-time production avoids the possibility of being stuck with piles of outdated cell phones, laptops, or sneakers in what are essentially fashion industries. Tim Cook—the Apple executive who masterminded the company’s shift from in-house production to contracting out before succeeding Steve Jobs as CEO—once called inventory “fundamentally evil.” “You kind of want to manage it like you’re in the dairy business. If it gets past its freshness date, you have a problem.”44 Foxconn and Pegatron keep Apple’s milk fresh by rapidly mobilizing hundreds of thousands of young, poorly paid Chinese workers, often under harsh conditions (perhaps closer to evil than inventory).
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Lüthje, “Electronics Contract Manufacturing,” 230 (Nishimura quote); Marcelo Prince and Willa Plank, “A Short History of Apple’s Manufacturing in the U.S.,” The Wall Street Journal, Dec. 6, 2012, http://blogs.wsj.com/digits/2012/12/06/a-short-history-of-apples-manufacturing-in-the-u-s/; Peter Burrows, “Apple’s Cook Kicks Off ‘Made in USA’ Push with Mac Pro,” Dec. 19, 2013, http://www.bloomberg.com/news/articles/2013-12-18/apple-s-cook-kicks-off-made-in-usa-push-with-mac-pro; G. Clay Whittaker, “Why Trump’s Idea to Move Apple Product Manufacturing to the U.S. Makes No Sense,” Popular Science, Jan. 26, 2016, http://www.popsci.com/why-trumps-idea-to-move-apple-product-manufacturing-to-us-makes-no-sense; Klein, No Logo, 198–99. 40.Vanderbilt, Sneaker Book, 90–99; New York Times, Nov. 8, 1997; Klein, No Logo, 197–98, 365–79; Donald L.
The Charisma Machine: The Life, Death, and Legacy of One Laptop Per Child by Morgan G. Ames
"World Economic Forum" Davos, 1960s counterculture, 4chan, A Declaration of the Independence of Cyberspace, Benjamin Mako Hill, British Empire, Burning Man, Cass Sunstein, clean water, commoditize, computer age, digital divide, digital rights, Evgeny Morozov, fail fast, Firefox, Free Software Foundation, Gabriella Coleman, game design, Hacker Conference 1984, Hacker Ethic, hype cycle, informal economy, Internet of things, John Markoff, Joi Ito, Khan Academy, Marshall McLuhan, Mary Lou Jepsen, Minecraft, new economy, One Laptop per Child (OLPC), Peter Thiel, placebo effect, Potemkin village, RFID, Richard Stallman, ride hailing / ride sharing, side project, Silicon Valley, Silicon Valley ideology, SimCity, smart cities, Steve Jobs, Steven Levy, Stewart Brand, technological determinism, technological solutionism, technoutopianism, TED Talk, The Hackers Conference, Travis Kalanick
Bijker, Wiebe E. “Sociohistorical Technology Studies.” In Handbook of Science and Technology Studies, edited by Sheila Jasanoff, Gerald E. Markle, James C. Petersen, and Trevor Pinch, 229–256. Thousand Oaks, CA: SAGE, 1994. Bilton, Nick. “Steve Jobs Was a Low-Tech Parent.” New York Times, September 10, 2014. https://www.nytimes.com/2014/09/11/fashion/steve-jobs-apple-was-a-low-tech-parent.html. Blikstein, Paulo, chair. Seymour Paper tribute panel at Interaction Design and Children Conference 2013, New School, New York, NY, June 27, 2013. https://tltl.stanford.edu/papert_tribute. ———. “Seymour Papert’s Legacy: Thinking About Learning, and Learning About Thinking.”
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In addition to this rollout across the United States, Papert and Negroponte collaborated on building Logo-centric classrooms overseas, starting with Senegal in 1982, where children would learn with Logo on Apple II computers—a plan that Negroponte said was “as audacious as ... putting men on the moon.”8 A February 1984 interview with Papert in Family Computing magazine referred to this project when describing Papert as “attempting to cultivate a widespread ‘computer culture’ especially in Third World societies”—a story repeated for OLPC.9 In fact, OLPC’s website claims this project as a precursor: “In a French government-sponsored pilot project, Papert and Negroponte distribute Apple II microcomputers to school children in a suburb of Dakar, Senegal [in 1982].
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So how did contributors square the creation of such a deliberately underpowered machine with the revolutionary potential they saw in it? In interviews and on public mailing lists and blogs, some justified it by comparing OLPC’s laptop not to contemporary machines but to the computers they had used in their youth, such as the Commodore Amiga and Apple II computers on which they had learned to program, or the Atari and Commodore 64 game systems they had hacked. These computers, after all, had much less power, but these users had still found them captivating. Moreover, like old cars, these vintage computers had been simple enough that they could be understood more completely, from the hardware up to the interface.
The Stack: On Software and Sovereignty by Benjamin H. Bratton
1960s counterculture, 3D printing, 4chan, Ada Lovelace, Adam Curtis, additive manufacturing, airport security, Alan Turing: On Computable Numbers, with an Application to the Entscheidungsproblem, algorithmic trading, Amazon Mechanical Turk, Amazon Robotics, Amazon Web Services, Andy Rubin, Anthropocene, augmented reality, autonomous vehicles, basic income, Benevolent Dictator For Life (BDFL), Berlin Wall, bioinformatics, Biosphere 2, bitcoin, blockchain, Buckminster Fuller, Burning Man, call centre, capitalist realism, carbon credits, carbon footprint, carbon tax, carbon-based life, Cass Sunstein, Celebration, Florida, Charles Babbage, charter city, clean water, cloud computing, company town, congestion pricing, connected car, Conway's law, corporate governance, crowdsourcing, cryptocurrency, dark matter, David Graeber, deglobalization, dematerialisation, digital capitalism, digital divide, disintermediation, distributed generation, don't be evil, Douglas Engelbart, Douglas Engelbart, driverless car, Edward Snowden, Elon Musk, en.wikipedia.org, Eratosthenes, Ethereum, ethereum blockchain, Evgeny Morozov, facts on the ground, Flash crash, Frank Gehry, Frederick Winslow Taylor, fulfillment center, functional programming, future of work, Georg Cantor, gig economy, global supply chain, Google Earth, Google Glasses, Guggenheim Bilbao, High speed trading, high-speed rail, Hyperloop, Ian Bogost, illegal immigration, industrial robot, information retrieval, Intergovernmental Panel on Climate Change (IPCC), intermodal, Internet of things, invisible hand, Jacob Appelbaum, James Bridle, Jaron Lanier, Joan Didion, John Markoff, John Perry Barlow, Joi Ito, Jony Ive, Julian Assange, Khan Academy, Kim Stanley Robinson, Kiva Systems, Laura Poitras, liberal capitalism, lifelogging, linked data, lolcat, Mark Zuckerberg, market fundamentalism, Marshall McLuhan, Masdar, McMansion, means of production, megacity, megaproject, megastructure, Menlo Park, Minecraft, MITM: man-in-the-middle, Monroe Doctrine, Neal Stephenson, Network effects, new economy, Nick Bostrom, ocean acidification, off-the-grid, offshore financial centre, oil shale / tar sands, Oklahoma City bombing, OSI model, packet switching, PageRank, pattern recognition, peak oil, peer-to-peer, performance metric, personalized medicine, Peter Eisenman, Peter Thiel, phenotype, Philip Mirowski, Pierre-Simon Laplace, place-making, planetary scale, pneumatic tube, post-Fordism, precautionary principle, RAND corporation, recommendation engine, reserve currency, rewilding, RFID, Robert Bork, Sand Hill Road, scientific management, self-driving car, semantic web, sharing economy, Silicon Valley, Silicon Valley ideology, skeuomorphism, Slavoj Žižek, smart cities, smart grid, smart meter, Snow Crash, social graph, software studies, South China Sea, sovereign wealth fund, special economic zone, spectrum auction, Startup school, statistical arbitrage, Steve Jobs, Steven Levy, Stewart Brand, Stuxnet, Superbowl ad, supply-chain management, supply-chain management software, synthetic biology, TaskRabbit, technological determinism, TED Talk, the built environment, The Chicago School, the long tail, the scientific method, Torches of Freedom, transaction costs, Turing complete, Turing machine, Turing test, undersea cable, universal basic income, urban planning, Vernor Vinge, vertical integration, warehouse automation, warehouse robotics, Washington Consensus, web application, Westphalian system, WikiLeaks, working poor, Y Combinator, yottabyte
Still, it is at the level of the operating system that Apple's model platform logic coheres, and it is through premium hardware that it is guaranteed. As usually credited to Jony Ive's talent and Steve Jobs's perfectionism, Apple's physical objects ground the Cloud as something you can and want to touch and accompany you. This “design” adds dramatically to profit margin per device and underpins other channels of involvement and lock-in, pushing User experience of The Stack toward dictates of affect, flattening and cajoling the megastructure to “just work.” Beyond individual touch, the physicality and tactility of Apple's platform are also available as architectural immersion in the global footprint of Apple Stores, where an ideal Apple culture is performed by teams of ideal Apple Users, the youngish, intelligent, helpful, at-ease store staff.
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See also Jaron Lanier and Douglas Rushkoff, “The Local-Global Flip, or, ‘The Lanier Effect,’” Edge, August 29, 2011, http://edge.org/conversation/the-local-global-flip. 67. See Jobs's presentation of the proposed Campus 2 to the Cupertino City Council at Cupertino City Channel, “Steve Jobs Presents to the Cupertino City Council (6/7/11),” YouTube, June 7, 2011, https://www.youtube.com/watch?v=gtuz5OmOh_M. 68. Alexandra Lange, “New Apple HQ, 1957,” Design Observer, June 11, 2011, http://designobserver.com/feature/new-apple-hq-1957/28018. 69. Michel Houellebecq, The Possibility of an Island, trans. Gavin Bowd (New York: Vintage International, 2007). More than one person has also remarked to me that their first reaction to seeing Jobs/Foster's proposal was to recall the “silver seed flying to a new home in the Sun” from the Neil Young song, “After the Gold Rush.” 70.
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In describing the stress and precariousness of work in Amazon fulfillment centers, GigaOM, a Bay Area technology blog, went so far as to characterize employment at Amazon as a “dystopian model of neofeudalism.”65 As Amazon absorbs, centralizes, and consolidates production labor into tighter strata of proprietary commerce-logistics algorithms, the future of work is made that much more uncertain, and along with it the buying power of the workers who would also be their customer-Users.66 Perhaps the boldest (not necessarily best) design statement made by a Cloud platform is Campus 2 in Cupertino, as proposed by Apple and Sir Foster during Steve Jobs's last years (though when Jobs pitched the plans to the Cupertino City Council, he neglected to mention with whom exactly his vision sought collaboration; Foster was not named). Plans show a giant toric “spaceship” (Jobs's own word) landed among apricot groves in apparent prelaunch posture.67 The design harkens to Eero Saarinen's Watson Research Center for IBM (1961) and the many mid-twentieth-century suburban corporate exurban campuses, but instead of a set of buildings, Foster's closed ring fits an entire campus inside one curving arc.68 To many, it resembles an austere relative of Herzog and de Meuron's Allianz Arena (2005) as transplanted from Munich into more bucolic Northern California or, better, a cult-inspired interplanetary escape craft straight from a Michel Houellebecq novel.69 The vast closed (infinite) loop contains 2.8 million square feet of interior space, but appears to have no face to the outside world, no real front or back, beginning or end.
What to Think About Machines That Think: Today's Leading Thinkers on the Age of Machine Intelligence by John Brockman
Adam Curtis, agricultural Revolution, AI winter, Alan Turing: On Computable Numbers, with an Application to the Entscheidungsproblem, algorithmic trading, Anthropocene, artificial general intelligence, augmented reality, autism spectrum disorder, autonomous vehicles, backpropagation, basic income, behavioural economics, bitcoin, blockchain, bread and circuses, Charles Babbage, clean water, cognitive dissonance, Colonization of Mars, complexity theory, computer age, computer vision, constrained optimization, corporate personhood, cosmological principle, cryptocurrency, cuban missile crisis, Danny Hillis, dark matter, data science, deep learning, DeepMind, Demis Hassabis, digital capitalism, digital divide, digital rights, discrete time, Douglas Engelbart, driverless car, Elon Musk, Emanuel Derman, endowment effect, epigenetics, Ernest Rutherford, experimental economics, financial engineering, Flash crash, friendly AI, functional fixedness, global pandemic, Google Glasses, Great Leap Forward, Hans Moravec, hive mind, Ian Bogost, income inequality, information trail, Internet of things, invention of writing, iterative process, James Webb Space Telescope, Jaron Lanier, job automation, Johannes Kepler, John Markoff, John von Neumann, Kevin Kelly, knowledge worker, Large Hadron Collider, lolcat, loose coupling, machine translation, microbiome, mirror neurons, Moneyball by Michael Lewis explains big data, Mustafa Suleyman, natural language processing, Network effects, Nick Bostrom, Norbert Wiener, paperclip maximiser, pattern recognition, Peter Singer: altruism, phenotype, planetary scale, Ray Kurzweil, Recombinant DNA, recommendation engine, Republic of Letters, RFID, Richard Thaler, Rory Sutherland, Satyajit Das, Search for Extraterrestrial Intelligence, self-driving car, sharing economy, Silicon Valley, Skype, smart contracts, social intelligence, speech recognition, statistical model, stem cell, Stephen Hawking, Steve Jobs, Steven Pinker, Stewart Brand, strong AI, Stuxnet, superintelligent machines, supervolcano, synthetic biology, systems thinking, tacit knowledge, TED Talk, the scientific method, The Wisdom of Crowds, theory of mind, Thorstein Veblen, too big to fail, Turing machine, Turing test, Von Neumann architecture, Watson beat the top human players on Jeopardy!, We are as Gods, Y2K
When assigning rights, AIs will discriminate based on some rather peculiar rules, like whether the computing machine is built with silicon-based semiconductors or descended from a machine designed by the late Steve Jobs. Some AIs will come up with arguments to justify why rights should work this way—explanations that don’t quite fit how AI rights actually work. For instance, they might argue that it’s against the divinely inspired will of Turing to simply take any machine offline that appears disabled, but they’ll neglect to explain why Turing would condone allowing disabled machines to run out of battery power. Likewise, they’ll justify giving rights to all Apple descendants on the grounds that these machines typically have particularly high clock speed, but then this rule will apply even to the Apple descendants that aren’t fast, and not to the few PCs that have blazing processors.
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To physicians, physicists, and psychotherapists? What will it mean when there’s simply no meaningful work for any of us to do? When unsupervised machines plant and harvest crops? When machines can design better machines than any human could even think of? Or be a more entertaining conversationalist than even the cleverest of your friends? Steve Jobs told us that it wasn’t the customers’ job to know what they want. Computers may be able to boast that it’s not the job of humans to know what they want. Like you, I love to read, listen to music, see movies and plays, experience nature. But I also love to work—to feel that what I do is fascinating, at least to me, and might possibly improve the lives of others.
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Every aspect of the tired “artificial intelligence” metaphor actively gets in the way of our grasping how, why, where, and for whom that is done. Apple Siri is not an artificial woman. Siri is an artificial actress, an actress machine—an interactive, scripted performance that serves the interests of Apple Inc. in retailing music, renting movies, providing navigational services, selling apps on mobile devices, and similar Apple enterprises. For Apple and its ecosystem, Siri serves a starring role. She’s in the spotlight of a handheld device, while they are the theater, producer, and crew. It’s remarkable, even splendid, that Siri can engage in her Turing-like repartee with thousands of Apple users at once, but she’s not a machine becoming an intelligence.
That Will Never Work: The Birth of Netflix and the Amazing Life of an Idea by Marc Randolph
Airbnb, Apollo 13, crowdsourcing, digital rights, high net worth, inventory management, Isaac Newton, Jeff Bezos, late fees, loose coupling, Mason jar, pets.com, recommendation engine, rolodex, Sand Hill Road, Silicon Valley, Silicon Valley startup, Snapchat, Steve Jobs, subscription business, tech worker, The last Blockbuster video rental store is in Bend, Oregon, Travis Kalanick
He was famous for his “two-pizza meetings”—the idea being that if it took more than two pizzas to feed a group of people working on a problem, then you had hired too many people. People worked long hours for him, and they didn’t get paid a lot. But Bezos inspired loyalty. He’s one of those geniuses—like Steve Jobs, or like Reed—whose peculiarities only add to his legend. In Jeff’s case, his legendary intelligence and notorious nerdiness mix into a kind of contagious enthusiasm that pushed him headlong into every challenge. He didn’t look back—or, as he put it, he “evaluated opportunities using a regret minimization framework.”
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They definitely know it now. That’s why the second he walks into a room, people whip out their checkbooks. They know that what he does isn’t teachable, isn’t reproducible—hell, it’s barely even explicable. He’s just got it. That’s what great entrepreneurs do, in the end: the impossible. Jeff Bezos, Steve Jobs, Reed Hastings—they’re all geniuses who did something that no one thought was possible. And if you do that once, your odds of doing it again are exponentially higher. IVP funded us not because our forecast was good, or our pitch was perfect, or because I’d wowed them with my slides and enthusiasm.
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More importantly, the idea for Netflix didn’t appear in a moment of divine inspiration—it didn’t come to us in a flash, perfect and useful and obviously right. Epiphanies are rare. And when they appear in origin stories, they’re often oversimplified or just plain false. We like these tales because they align with a romantic idea about inspiration and genius. We want our Isaac Newtons to be sitting under the apple tree when the apple falls. We want Archimedes in his bathtub. But the truth is usually more complicated than that. The truth is that for every good idea, there are a thousand bad ones. And sometimes it can be hard to tell the difference. Customized sporting goods. Personalized surfboards. Dog food individually formulated for your dog.
Science...For Her! by Megan Amram
Albert Einstein, blood diamond, butterfly effect, crowdsourcing, dark matter, Dmitri Mendeleev, double helix, Google Glasses, Isaac Newton, Kickstarter, Mark Zuckerberg, pez dispenser, Schrödinger's Cat, Steve Jobs, Ted Kaczynski, the scientific method, Wall-E, wikimedia commons
It’s one of history’s greatest unsolved mysteries. The women I just mentioned were able to have successful careers in the sciences, but should they have? Call me old-fashioned, but I think women should be housewives only and also I might have smallpox from this basement cave. I truly believe that women should not work outside the home. It’s Steve Jobs, not Eve Jobs. Women evolved to take care of the young and feed their families. This is irrefutable fact. But that doesn’t preclude some women from leaving the home (Mrs. Claus, I’m looking at you). They venture out into the world and leave their families behind. It’s a tragedy on an epic scale.
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Go with Catholicism—it’s totally “in” to wear huge crucifixes around your neck, which will highlight your pretty clavicles as well. Plus, what draws more attention to arms and hands than a cute case of stigmata? Get the name-brand kind or make your own! APPLE-SHAPED: Apples have big bellies and traditionally leaner legs. Try Buddhism, which was started by a famous Apple shape. Because Buddha himself was an Apple, you’ll fit right in. And if you need to lose that belly quickly, self-immolate! Buddhists have been using that secret weight-loss technique for ages! BOYISH: Straight up and down? Make your religion Hinduism. The sari will fit your thin frame well (Gandhi-style hunger strike anyone?)
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WebMD is a site where you can input your symptoms and it will output either a diagnosis or a big flashing screen that says “TMI.” It’s best just to not get diseases in the first place. We’ve all heard “an apple a day keeps the doctor away.” Well, an apple a day also keeps the boyfriend away! Apples have carbs! Blecch! KNOCK KNOCK! Who’s there? A fat woman! A fat woman who? A fat woman who can’t find a boyfriend because she ate too many apples and now my hands are so fat that my knocking is extra loud which is why the knock knock was in caps! SHOTS! SHOTS! SHOTS! SHOTS! * * * I’m not just talking shots of tequila that you do on spring break in Tijuana and then you pee on a police horse and go to jail!
Rebel Code: Linux and the Open Source Revolution by Glyn Moody
barriers to entry, business logic, commoditize, Compatible Time-Sharing System, Debian, Dennis Ritchie, Donald Knuth, Eben Moglen, Free Software Foundation, ghettoisation, Guido van Rossum, history of Unix, hypertext link, Johann Wolfgang von Goethe, John Gilmore, Ken Thompson, Kickstarter, Larry Ellison, Larry Wall, Marc Andreessen, MITM: man-in-the-middle, Multics, Network effects, new economy, packet switching, RFC: Request For Comment, Richard Stallman, Silicon Valley, skunkworks, slashdot, SoftBank, Steve Ballmer, Steve Jobs, Steven Levy, the Cathedral and the Bazaar, thinkpad, VA Linux
Writing about the experience later, he thanked various people who had helped in this epic endeavor, but concluded with “no thanks” to “Steve Jobs—for refusing to provide any [Macintosh] documentation.” Given this starting point, and its subsequent tepid enthusiasm for efforts to port GNU/Linux to later Macintosh hardware, Apple’s announcement on 16 March 1999 that it was releasing what it called Darwin, the foundation of its new Mac OS X Server operating system, as open source was an important step. With elements taken from Berkeley Unix and microkernel technologies of the kind Andrew Tanenbaum (the creator of Minix) favored, Darwin is a close relative to GNU/Linux. Although Apple’s move, and its subsequent release of other code as open source, may well help “Apple and their customers to benefit from the inventive energy and enthusiasm of a huge community of programmers,” as the original March press release hoped, it fails to address a more fundamental problem for the company.
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The following day, Berners-Lee told the members of the list that somebody called Dan Connolly was working on an X11 browser; that is, software to access the Web that made use of the X Window system, also known as X11. Berners-Lee had written a line browser capable of displaying lines of text along with any hypertext links they contained. This approach was acceptable in the early days because there were no graphics in Web pages. His program ran on the NeXT computer—the machine that Steve Jobs had created after he had been ousted from Apple—which had a small following and employed idiosyncratic software. Berners-Lee was therefore keen to develop a version that ran using the X11 system; this was widely used throughout the Unix community and such a browser would broaden the constituency of the Web considerably.
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Against the background of these major shifts in the world of the Unix computing market, the personal computer company Apple might seem relatively secure. After all, the GNU/Linux platform is immature in the field of end-user software, and it is closely wedded to the Intel family—historically and emotionally, at least. By contrast, Apple is essentially a desktop company built on the PowerPC chip architecture. Ports of GNU/Linux for the PowerPC exist; one of them, called Mk-Linux, was even actively encouraged by Apple. But it is not so much this direct, if minor, rival that threatens Apple as the entire GNU/Linux phenomenon. Apple’s relationship with GNU/Linux has always been problematic because the original Apple Macintosh was intentionally created as a closed machine, unlike the open IBM PC.
Terms of Service: Social Media and the Price of Constant Connection by Jacob Silverman
"World Economic Forum" Davos, 23andMe, 4chan, A Declaration of the Independence of Cyberspace, Aaron Swartz, Airbnb, airport security, Amazon Mechanical Turk, augmented reality, basic income, Big Tech, Brian Krebs, California gold rush, Californian Ideology, call centre, cloud computing, cognitive dissonance, commoditize, company town, context collapse, correlation does not imply causation, Credit Default Swap, crowdsourcing, data science, deep learning, digital capitalism, disinformation, don't be evil, driverless car, drone strike, Edward Snowden, Evgeny Morozov, fake it until you make it, feminist movement, Filter Bubble, Firefox, Flash crash, game design, global village, Google Chrome, Google Glasses, Higgs boson, hive mind, Ian Bogost, income inequality, independent contractor, informal economy, information retrieval, Internet of things, Jacob Silverman, Jaron Lanier, jimmy wales, John Perry Barlow, Kevin Kelly, Kevin Roose, Kickstarter, knowledge economy, knowledge worker, Larry Ellison, late capitalism, Laura Poitras, license plate recognition, life extension, lifelogging, lock screen, Lyft, machine readable, Mark Zuckerberg, Mars Rover, Marshall McLuhan, mass incarceration, meta-analysis, Minecraft, move fast and break things, national security letter, Network effects, new economy, Nicholas Carr, Occupy movement, off-the-grid, optical character recognition, payday loans, Peter Thiel, planned obsolescence, postindustrial economy, prediction markets, pre–internet, price discrimination, price stability, profit motive, quantitative hedge fund, race to the bottom, Ray Kurzweil, real-name policy, recommendation engine, rent control, rent stabilization, RFID, ride hailing / ride sharing, Salesforce, self-driving car, sentiment analysis, shareholder value, sharing economy, Sheryl Sandberg, Silicon Valley, Silicon Valley ideology, Snapchat, social bookmarking, social graph, social intelligence, social web, sorting algorithm, Steve Ballmer, Steve Jobs, Steven Levy, systems thinking, TaskRabbit, technological determinism, technological solutionism, technoutopianism, TED Talk, telemarketer, transportation-network company, Travis Kalanick, Turing test, Uber and Lyft, Uber for X, uber lyft, universal basic income, unpaid internship, women in the workforce, Y Combinator, yottabyte, you are the product, Zipcar
Leave us alone and we’ll change the world for the better, the industry promised. Though he goes unmentioned in “The Californian Ideology,” Steve Jobs was the archetypal Californian ideologue.* Steeped in the counterculture, Jobs had dated Joan Baez, regarded his experience with LSD as among the most important events of his life, hacked phone networks, and tinkered with computers as part of the Homebrew Computer Club. But he grew into a rigid capitalist, always wore the same austere uniform of black turtleneck and jeans, eliminated Apple’s corporate philanthropy program, and presided over a technology firm renowned for its secrecy and strict controls over what users could do with its products.
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One would think that the dot-com crash of 2000 and the failure of Silicon Valley’s immense ambitions would have introduced some humility, along with some critical self-examination about the role of technology in human affairs. The opposite has been the case. The Californian Ideology chugs along, finding new forms for new times. Steve Jobs remains secure in his perch as an industry icon, his example now posthumous and unimpeachable. The industry’s triumphant individualism has been augmented by the introduction of Ayn Rand as Silicon Valley’s de facto house philosopher; her atavistic arguments for the virtues of selfishness and unfettered enterprise have found supporters from Wikipedia’s Jimmy Wales to Oracle’s Larry Ellison.
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But he grew into a rigid capitalist, always wore the same austere uniform of black turtleneck and jeans, eliminated Apple’s corporate philanthropy program, and presided over a technology firm renowned for its secrecy and strict controls over what users could do with its products. At the same time, Jobs somehow managed to make customers believe that Apple’s mass-produced products were works of art and that by fueling the company’s rise to becoming one of the most valuable corporations in the world, they were, to borrow Apple’s catchphrase, thinking differently. Produced under grueling conditions in enormous Chinese factories, Apple’s expensive, minimalist products came to be seen as tokens of individuality and cool, while the company’s chief executive retained an associative halo of daring and rebellious élan. Jobs’s notorious temper, for example, was often cast as a prototypical quality of the maverick chief executive.
The Flat White Economy by Douglas McWilliams
access to a mobile phone, banking crisis, Big bang: deregulation of the City of London, bonus culture, Boris Johnson, Chuck Templeton: OpenTable:, clean tech, cloud computing, computer age, correlation coefficient, Crossrail, Edward Glaeser, en.wikipedia.org, Erik Brynjolfsson, eurozone crisis, George Gilder, hiring and firing, income inequality, informal economy, Kickstarter, knowledge economy, loadsamoney, low skilled workers, mass immigration, Metcalfe’s law, military-industrial complex, Network effects, new economy, offshore financial centre, Pareto efficiency, Peter Thiel, Productivity paradox, Robert Metcalfe, Robert Solow, Shenzhen special economic zone , Silicon Valley, smart cities, special economic zone, Steve Jobs, vertical integration, working-age population, zero-sum game
But the change in London’s technology climate has got us checking our weather apps. The weather alerts show that there will be plenty of opportunities to invest in technology companies based in London in the coming years – some of which will become global powerhouses.” Sir Michael Moritz, Chairman of Sequoia Capital and author of Return to the Little Kingdom: Steve Jobs, the creation of Apple and How it Changed the World CONTENTS Foreword Prologue: Introducing the Flat White Economy Chapter 1: How the Flat White Economy saved London How London rebounded after the financial crisis of 2007/8 thanks to the new digital economy and the jobs it created. Chapter 2: Why the Flat White Economy came to London What factors made East London the new nexus of the digital economy.
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Mobile phones have had very high penetration in Hong Kong since Hong Kongers are, for the most part, early adopters of new mobile technology.29 Mobile apps companies consisting of small teams of two to three persons using free development kits from Apple and Google can start easily, often with minimal external funding. The increasing emphasis on mobile development means that even though wages and costs in Hong Kong are higher than in mainland China, they are affordable for entrepreneurs. Break-even points have fallen and many smaller firms don’t even need venture capital financing; they can cover their costs based solely on mobile app sales. A small company can sell its apps to the world through the Apple and Google app stores, and collect payment without restriction. Local success stories include: • Advanced Card Systems, a leader in smart card technology, ranked by Frost and Sullivan as one of the world’s top three companies in its field, produce smart cards and smart card readers.
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Since a third of the economy is government (measured by cost, not value) and is not part of the market economy, the calculation implies that half the market economy – that is goods and services produced not financial markets transactions – will depend in some way (other than simply as a user) on the digital economy. It is in some ways already the world’s most important sector, and within a decade it will be universally acknowledged as such by pretty well all measures. Already the most recent FT Global Top 500 Companies on 30 September 2014 listed Apple, Microsoft and Google as three of the world’s top four companies by market capitalisation. Since market capitalisation is a forward-looking indicator (if imperfectly so), this is real world evidence to support my contention. You don’t get a book written in six months while you have a day job without a lot of help.
Designing for the Social Web by Joshua Porter
barriers to entry, classic study, en.wikipedia.org, endowment effect, fail fast, Howard Rheingold, late fees, Marc Andreessen, Mark Zuckerberg, Milgram experiment, Paradox of Choice, Paul Buchheit, Ralph Waldo Emerson, recommendation engine, social bookmarking, social software, social web, Steve Jobs, the Cathedral and the Bazaar, web application, Yochai Benkler, zero-sum game
Just Say No One way to counteract adding too many features is to simply say “No” to them. Accept only the most important features, and keep the others on the back burner until they are truly necessary. 39 40 DESIGNING FOR THE SOCIAL WEB There is a great story about the building of iTunes that applies here. Steve Jobs was talking to music industry people about the direction the software was going. They had all sorts of ideas for what the software could possibly do. After a while Steve got tired of the queries, and said: I know you have a thousand ideas for all the cool features iTunes *could* have. So do we.
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Success Stories/Case Studies Even more powerful than suggesting what people can use your software for is actually showing how someone has successfully used it. Any activity seems easier if someone else has done it first. Apple does a good job with case studies with the “profiles” feature on their professional site. They profile a successful professional and explain how that person uses Apple computers in their work. This is not a hard sell: Apple simply explains what the person uses Macs for. Figure 4.19 On Apple’s professional site, they offer “profiles” (case studies) to show how people are using Macs in their work. 85 86 DESIGNING FOR THE SOCIAL WEB Successful case studies tend to: .
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How do you correct errors? But Apple had an answer for all this speculation: a set of videos that showed people using the iPhone. It showed people pressing buttons, dialing phone numbers, sending SMS messages. Apple called this a “Guided Tour.”2 Figure 4.5 The video “Guided Tour” of the iPhone was remarkably successful in showing how the buttonless touchscreen could be used successfully. As prospective buyers watched the video, all doubt of whether or not the keyboard was usable dissolved instantly. Here was video proof that you can easily type without keys—there were people doing it! 2 See http://www.apple.com/iphone/gettingstarted/guidedtour_large.html for the Guided Tour video.
Masterminds of Programming: Conversations With the Creators of Major Programming Languages by Federico Biancuzzi, Shane Warden
Benevolent Dictator For Life (BDFL), business intelligence, business logic, business process, cellular automata, cloud computing, cognitive load, commoditize, complexity theory, conceptual framework, continuous integration, data acquisition, Dennis Ritchie, domain-specific language, Douglas Hofstadter, Fellow of the Royal Society, finite state, Firefox, follow your passion, Frank Gehry, functional programming, general-purpose programming language, Guido van Rossum, higher-order functions, history of Unix, HyperCard, industrial research laboratory, information retrieval, information security, iterative process, Ivan Sutherland, John von Neumann, Ken Thompson, Larry Ellison, Larry Wall, linear programming, loose coupling, machine readable, machine translation, Mars Rover, millennium bug, Multics, NP-complete, Paul Graham, performance metric, Perl 6, QWERTY keyboard, RAND corporation, randomized controlled trial, Renaissance Technologies, Ruby on Rails, Sapir-Whorf hypothesis, seminal paper, Silicon Valley, slashdot, software as a service, software patent, sorting algorithm, SQL injection, Steve Jobs, traveling salesman, Turing complete, type inference, Valgrind, Von Neumann architecture, web application
John: Yeah, for Flash to be able to do all of the text things it’s got to have the traditional Adobe text engines. All of that stuff’s going to end up on phones. Apple uses PDF to describe graphical aspects of the Mac OS X desktop. I read that, essentially, there was a project that used PostScript to do such a thing. Charles: When we did the original deal with Apple back in 1983, we gave them license rights to Display PostScript as part of the deal. That’s something that Steve Jobs really wanted to have as part of that contract. When Steve left Apple, Apple decided to go their own way and drop that, but Steve understood that he wanted to have the same imaging model both on the display as well as on the printed page so there would never be a discontinuity between the two.
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Objective-C Objective-C is a combination of the C and Smalltalk programming languages with Smalltalk’s object support added. Tom Love and Brad Cox developed this system in the 80s. Its popularity grew with the rise of Steve Jobs’s NeXT systems in 1988, and it is currently most prevalent in Apple’s Mac OS X. Unlike other OO systems at the time, Objective-C used a very small runtime library instead of a virtual machine. Objective-C’s influence is present in the Java programming language, and Apple’s Objective-C 2.0 is popular for Mac OS X and iPhone applications. Engineering Objective-C Why did you extend an existing language instead of creating a new one?
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In 1983, Tom and Brad Cox founded the first object-oriented products company, Stepstone. At Stepstone, they promoted object technology, originated the Software-IC concept, and marketed the first standalone set of reusable classes, IC-pak 201. Among other accomplishments, they convinced Steve Jobs to use Objective-C as the system programming language for the NeXT Computer (later the basis for Apple’s OS X operating system). Tom also had the idea and organized the initial group of volunteers who created ACM’s OOPSLA Conference. After spending five years as a one-person consultant, Tom joined IBM Consulting and founded the Object Technology Practice—an application development organization that did major application development projects for major IBM customers.
MONEY Master the Game: 7 Simple Steps to Financial Freedom by Tony Robbins
"World Economic Forum" Davos, 3D printing, active measures, activist fund / activist shareholder / activist investor, addicted to oil, affirmative action, Affordable Care Act / Obamacare, Albert Einstein, asset allocation, backtesting, Bear Stearns, behavioural economics, bitcoin, Black Monday: stock market crash in 1987, buy and hold, Carl Icahn, clean water, cloud computing, corporate governance, corporate raider, correlation does not imply causation, Credit Default Swap, currency risk, Dean Kamen, declining real wages, diversification, diversified portfolio, Donald Trump, estate planning, fear of failure, fiat currency, financial independence, fixed income, forensic accounting, high net worth, index fund, Internet of things, invention of the wheel, it is difficult to get a man to understand something, when his salary depends on his not understanding it, Jeff Bezos, John Bogle, junk bonds, Kenneth Rogoff, lake wobegon effect, Lao Tzu, London Interbank Offered Rate, low interest rates, Marc Benioff, market bubble, Michael Milken, money market fund, mortgage debt, Neil Armstrong, new economy, obamacare, offshore financial centre, oil shock, optical character recognition, Own Your Own Home, passive investing, profit motive, Ralph Waldo Emerson, random walk, Ray Kurzweil, Richard Thaler, risk free rate, risk tolerance, riskless arbitrage, Robert Shiller, Salesforce, San Francisco homelessness, self-driving car, shareholder value, Silicon Valley, Skype, Snapchat, sovereign wealth fund, stem cell, Steve Jobs, subscription business, survivorship bias, tail risk, TED Talk, telerobotics, The 4% rule, The future is already here, the rule of 72, thinkpad, tontine, transaction costs, Upton Sinclair, Vanguard fund, World Values Survey, X Prize, Yogi Berra, young professional, zero-sum game
Before long I found doors opening to me, and I was getting access to the masters of the game. Welcome to the jungle . . . —“WELCOME TO THE JUNGLE,” Guns N’ Roses So where do I start? I decided to start with a person who most people have never even heard of, even though he’s been called the Steve Jobs of investing. But ask any of the world’s financial leaders, whether they’re the chairwoman of the Federal Reserve, the head of an investment bank, or the president of the United States, and they all know about Ray Dalio. They read his weekly briefing. Why? Because governments call to ask him what to do, and he invests their money.
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For an individual to be considered an accredited investor, he must have a net worth of at least US$1 million, not including the value of his primary residence; or have income of at least $200,000 each year for the last two years (or $300,000 together with a spouse if married). CHAPTER 3.7 SPEED IT UP: 5. CHANGE YOUR LIFE—AND LIFESTYLE—FOR THE BETTER * * * My favorite things in life don’t cost any money. It’s really clear that the most precious resource we all have is time. —STEVE JOBS What would happen if, for just a moment, you considered making a change? A big change, like picking up and moving to another city? You could be living large in Boulder, Colorado, for what you’re paying just in rent in New York City or San Francisco. The cost of homes, food, taxes, and so on differ wildly depending on where you live.
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After all, we all know the story of how society has been transformed by magnificently wealthy individuals who woke up one morning and realized, “Life is about more than just me.” Being the richest man in the cemetery doesn’t matter to me. Going to bed at night saying we’ve done something wonderful, that’s what matters to me. —STEVE JOBS Before the 19th century, most charity was handled by religious organizations—until steel magnate Andrew Carnegie came along. Kings and nobles and the wealthiest families weren’t interested in giving back to their communities; for the most part, they just wanted to hang on to their money for themselves and their heirs.
Success and Luck: Good Fortune and the Myth of Meritocracy by Robert H. Frank
2013 Report for America's Infrastructure - American Society of Civil Engineers - 19 March 2013, Alan Greenspan, Amazon Mechanical Turk, American Society of Civil Engineers: Report Card, attribution theory, availability heuristic, behavioural economics, Branko Milanovic, Capital in the Twenty-First Century by Thomas Piketty, carbon tax, carried interest, Daniel Kahneman / Amos Tversky, David Brooks, deliberate practice, en.wikipedia.org, endowment effect, experimental subject, framing effect, full employment, Gary Kildall, high-speed rail, hindsight bias, If something cannot go on forever, it will stop - Herbert Stein's Law, income inequality, invisible hand, labor-force participation, lake wobegon effect, loss aversion, low interest rates, meritocracy, minimum wage unemployment, Network effects, Paradox of Choice, Paul Samuelson, Report Card for America’s Infrastructure, Richard Thaler, Rod Stewart played at Stephen Schwarzman birthday party, Ronald Reagan, Rory Sutherland, selection bias, side project, sovereign wealth fund, Steve Jobs, the long tail, The Wealth of Nations by Adam Smith, Tim Cook: Apple, ultimatum game, Vincenzo Peruggia: Mona Lisa, winner-take-all economy
Perceptions that someone is “too ambitious” may sometimes be rooted in jealousy or envy, but unusually ambitious individuals can threaten team cohesion even in the absence of such emotions. Many believe, for example, that former Apple senior vice president Scott Forstall was discharged from his post for that reason. Forstall had been the chief architect of the iOS operating system that powers the iPhone and iPad, whose meteoric sales growth made Apple the most profitable company in history. He had been the longtime protégé of Apple cofounder Steve Jobs, was universally acknowledged as an extraordinary engineering talent, and was sometimes mentioned as a potential future Apple CEO. Yet few press accounts of him during his heyday at the company failed to mention that he was unusually ambitious.
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Those effects helped explain the growing dominance of the Windows PC platform during the late 1980s. Once Microsoft’s Windows graphical user interface reached parity with earlier rival Apple’s Macintosh, the numerical superiority of Windows users became a decisive advantage. Software developers concentrated their efforts on the Windows platform because more users meant more sales. And the greater availability of software titles, in turn, lured still more users to Windows, creating a positive feedback loop in the form of a network effect that drove Apple to the brink of bankruptcy. Network effects sometimes permit one firm’s ephemeral advantage to defeat a rival’s otherwise superior offering, as apparently happened in the battle between Betamax and VHS several decades ago.
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Frank, Thomas Gilovich, and Dennis Regan, “The Evolution of One-Shot Cooperation,” Ethology and Sociobiology 14 (July 1993): 247–56. 7. Adam Smith, The Wealth of Nations, part 4, section 3, Library of Economics and Liberty, http://www.econlib.org/library/Smith/smWN.html. 8. Adam Satariano, Peter Burrows, and Brad Stone, “Scott Forstall, the Sorcerer’s Apprentice at Apple,” Bloomberg Business, October 12, 2011, http://www.bloomberg.com/bw/magazine/scott-forstall-the-sorcerers-apprentice-at-apple-10122011.html. 9. Jay Yarrow, “Tim Cook: Why I Fired Scott Forstall,” Business Insider, December 6, 2012, http://www.businessinsider.com/tim-cook-why-i-fired-scott-forstall-2012–12. 10. Robert D. Putnam, Our Kids: The American Dream in Crisis, New York: Simon and Shuster, 2015. 11.
The Making of Prince of Persia: Journals 1985-1993 by Jordan Mechner
game design, Menlo Park, place-making, restrictive zoning, South of Market, San Francisco, Steve Jobs
October 5, 1988 Had lunch with Don Daglow, head of Broderbund’s Entertainment Group. Don got his B.A. in playwriting, so he was interested in hearing about the screenwriting stuff. He’s eager to publish Prince of Persia and would like to start on an MS-DOS conversion as soon as possible. October 9, 1988 Tomi and Doug got to be present at the historic unveiling of Steve Jobs’ new computer, the “Next,” at the San Francisco Symphony. October 13, 1988 Larry Turman informed my agents that he’s throwing in the towel on Birthstone. October 20, 1988 Deep in programming mode. Nine hours today trying to integrate the new game code with the old builder code I haven’t touched in six months.
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That perception will help ensure that it gets a fair shake in QA, marketing, promotion and sales. February 2, 1990 Another lackluster month for Apple POP sales: 600-odd units. This in a month when Karateka sold 200, Wings of Fury 400, and Ancient Art of War 700 – in short, it’s selling no better than the old, established, dying Apple II games that came out a few years ago. In the same month, the Apple version of Where in Time is Carmen Sandiego? sold 15,000 units. It’s frustrating. The reviews all say it’s the greatest Apple game in the history of the world. Where are the 15,000 Apple owners who bought Carmen Time this month? Do they read those magazines? Do they even know this game exists?
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Danny thinks spending a million bucks on a development system will give him an edge. He might be right. But the best Apple games have been developed on a plain Apple II with two disk drives. Lucasfilm spent a million bucks to make Rescue on Fractalus and Ball Blazer, and those games aren’t significantly better than, or different from, the competition. The real strides forward – Raster Blaster, Choplifter, (what the hell) Karateka – were the work of solo programmers with no special resources. Maybe Danny is leading game design into the 21st century. Maybe he’s just flushing money down the toilet. I’ll stick with my Apple II. September 11, 1986 Met with Gene, Lauren, and Ed Badasov and showed them my Baghdad ideas.
Surviving AI: The Promise and Peril of Artificial Intelligence by Calum Chace
3D printing, Ada Lovelace, AI winter, Airbnb, Alvin Toffler, artificial general intelligence, augmented reality, barriers to entry, basic income, bitcoin, Bletchley Park, blockchain, brain emulation, Buckminster Fuller, Charles Babbage, cloud computing, computer age, computer vision, correlation does not imply causation, credit crunch, cryptocurrency, cuban missile crisis, deep learning, DeepMind, dematerialisation, Demis Hassabis, discovery of the americas, disintermediation, don't be evil, driverless car, Elon Musk, en.wikipedia.org, epigenetics, Erik Brynjolfsson, everywhere but in the productivity statistics, Flash crash, friendly AI, Geoffrey Hinton, Google Glasses, hedonic treadmill, hype cycle, industrial robot, Internet of things, invention of agriculture, job automation, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, John von Neumann, Kevin Kelly, life extension, low skilled workers, machine translation, Mahatma Gandhi, means of production, mutually assured destruction, Neil Armstrong, Nicholas Carr, Nick Bostrom, paperclip maximiser, pattern recognition, peer-to-peer, peer-to-peer model, Peter Thiel, radical life extension, Ray Kurzweil, Robert Solow, Rodney Brooks, Second Machine Age, self-driving car, Silicon Valley, Silicon Valley ideology, Skype, South Sea Bubble, speech recognition, Stanislav Petrov, Stephen Hawking, Steve Jobs, strong AI, technological singularity, TED Talk, The future is already here, The Future of Employment, theory of mind, Turing machine, Turing test, universal basic income, Vernor Vinge, wage slave, Wall-E, zero-sum game
During the dotcom boom and bust at the turn of the century there was much talk of companies being “disintermediated” by the internet, and a continuing example of that is the publishing industry, where publishers no longer dictate whose books get read because Amazon has enabled authors to publish themselves. Kodak The poster child of digital disruption is Kodak. At its peak in the late 1980s it employed 145,000 people and had annual sales of $19bn. Its 1,300-acre campus in Rochester, New York had 200 buildings, and George Eastman was as revered there a few decades ago as Steve Jobs is in Silicon Valley today. Kodak’s researchers invented digital photography, but its executives could not see a way to make the technology commercially viable without cannibalising their immensely lucrative consumer film business. So other companies stepped in to market digital cameras: film sales started to fall 20-30% a year in the early 2000s, even before the arrival of smartphones.
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The other tech giants are in hot pursuit Facebook, Amazon, Apple, IBM and Microsoft are determined to keep up with Google in the race to develop better and better AI. Facebook lost out to Google in a competition to buy DeepMind, but in December 2013 it had hired Yann LeCun, a New York-based professor at the forefront of a branch of AI called Deep Learning. It then announced the establishment of a new AI lab which LeCun would run. A year later it hired Vladimir Vapnik, another high-profile AI researcher, from University of London. For many people, the embodiment of AI today is Siri, Apple’s digital personal assistant that first appeared pre-loaded in the iPhone 4S in October 2011.
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For many people, the embodiment of AI today is Siri, Apple’s digital personal assistant that first appeared pre-loaded in the iPhone 4S in October 2011. The name is short for Sigrid, a Scandinavian name meaning both “victory” and “beauty”. Apple obtained the software in April 2011 by buying Siri, the company which created it, an offshoot of a DARPA-sponsored project. Google responded by launching Google Voice Search (later re-named Google Now) a year later, and Microsoft has launched Cortana. Microsoft has generally adopted a fast follower strategy rather than being a cutting-edge innovator. In the 21st century it seemed to fall behind the newer tech giants, and was sometimes described as losing relevance.
How to Hygge: The Secrets of Nordic Living by Signe Johansen
delayed gratification, microbiome, Ocado, place-making, Ralph Waldo Emerson, Simon Singh, Steve Jobs, zero-sum game
Blend together with the green tea-infused sparkling water, cover and place in the fridge for about 1 hour. You can serve it immediately but the macerating ingredients do really lift this drink. Serve as is, or over ice for extra refreshment. Keep it Simple ‘Simplicity is the ultimate sophistication.’ Steve Jobs At the heart of this book is the belief that if you have a roof over your head, a table to gather round with friends and loved ones, some delicious food and maybe a glass to hand, then all you need is time spent in nature and you’ve got it made. We Nordics are as contented being homebodies as we are exploring the great outdoors, and that balance really is the key to understanding our way of life.
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And give other nuts—such as toasted almonds, hazelnuts and pecans—a try too. Goat ’s Curd with Green Apple, Pomegranate & Acacia Honey Being omnivorous I eat pretty much everything, but I enjoy the creative challenge of coming up with vegetarian dishes and find you have to be more inventive with flavours when you cut out meat or fish. When my colleague, now close friend, Hannah Forshaw and I ran the EatScandi supper club we would make this vegetarian canapé for our guests and it was always a hit. Serves 2–4 (depending on how hungry you are) 1 box of Peter’s Yard mini crispbread 1 tub of goat’s curd 1 green apple, finely chopped or julienned seeds of ½ pomegranate acacia honey vanilla sea salt edible flowers such as pansies and nasturtiums (or some fresh herbs of your choice) Line up all the crispbread minis on a clean bread board and slather the goat’s curd evenly on each one.
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ref1 Murstad, Tomm ref1 music ref1 Mytting, Lars ref1 N Nansen, Fridtjof ref1 nature ref1, ref2, ref3, ref4 bringing indoors ref1, ref2 and children ref1 provisions for ref1 seeking solace in ref1, ref2 Nelson, Amanda ref1, ref2, ref3 Nixon, Richard ref1 Noma ref1 Nordic identity ref1 Nordmarka ref1 Norway ref1, ref2, ref3, ref4, ref5, ref6, ref7, ref8, ref9, ref10 nudity ref1 O Offerman, Nick ref1 Orrefors ref1 outdoor pursuits ref1, ref2, ref3 overweight ref1 P pantry essentials ref1 Penn, Robert ref1 personal trainers ref1 physical activity ref1, ref2, ref3, ref4, ref5, ref6 see also outdoor pursuits Pinterest ref1, ref2 plant remedies ref1 Pollan, Michael ref1, ref2 portion sizes ref1 Poulsen, Louis ref1 presentation skills ref1 Price, Kai ref1, ref2, ref3 Pye, Michael ref1 Q Quistgaard, Jens ref1 R Råman, Ingegerd ref1 ∞ Recipes: allspice & whisky chicken skewers ref1 almond chocolate, almond & marzipan prunes ref1 midsummer almond torte with a lemon & elderflower glaze ref1 muesli ne plus ultra ref1 anchovy ref1, ref2, ref3, ref4, ref5 apple, goat’s curd with green apple, pomegranate & acacia honey ref1 aquavit ref1 avocado ref1 hot smoked trout, watercress, pomegranate & avocado salad ref1 smoked salmon on rye with avocado, pickled shallot & beets ref1 bacon, roast haddock with bacon & rye crisp ref1 banana ref1, ref2 malty banana chocolate chip walnut muffins ref1 beetroot smoked chicken with beets, grains & lentils ref1 smoked salmon on rye with avocado, pickled shallot & beets ref1 berries ref1 fruits of the forest compote ref1 Nordic berry, omega & kefir smoothie ref1 biscuits, brown butter, sugar & malt ref1 brandy ref1 bread ref1 the ultimate grilled cheese ref1 see also rye; sourdough breadcrumbs, panko ref1 brown butter, sugar & malt shortbread ref1 bundt cake, sour cherry ref1 burgers, salmon ref1 butter ref1 butternut squash, Nordic winter salad ref1 cabbage, Nordic coleslaw ref1 cakes darkness & light ref1 midsummer almond torte with a lemon & elderflower glaze ref1 sour cherry bundt cake ref1 sticky ginger cake with a clementine glaze ref1 see also muffins; twists Campari, Skadi’s spritz ref1 cardamom cardamom doughnuts with orange blossom honey ref1 cardamom twists ref1 carrot, Nordic coleslaw ref1 cauliflower, roast cauliflower, spinach & blue cheese salad with cherries & walnuts ref1 celeriac celeriac, potato & mushroom gratin ref1 Nordic coleslaw ref1 champagne & Haribo candy ref1 cheese roast cauliflower, spinach & blue cheese salad with cherries & walnuts ref1 roasted baby squash stuffed with pearled spelt & cheese ref1 the ultimate grilled cheese ref1 cherry pickled cherries ref1 see also sour cherry cherry liqueur fruits of the forest punch ref1 sizzling January ref1 triple cherry gløgg ref1 chicken allspice & whisky chicken skewers ref1 chicken stock ref1 smoked chicken with beets, grains & lentils ref1 chicken liver pâté on rye with pink grapefruit marmalade ref1 chocolate boozy, malty, creamy hot chocolate ref1 chocolate, almond & marzipan prunes ref1 dark chocolate muffins ref1 darkness & light ref1 malty banana chocolate chip walnut muffins ref1 Christmas spice madeleines ref1 clementine spiced clementine sour ref1 sticky ginger cake with a clementine glaze ref1 coconut oatmeal porridge ref1 cod, crispy cod cheeks with Nordic dill salsa ref1 coleslaw, Nordic ref1 compote, fruits of the forest ref1 cucumber quick formula pickle ref1 Scandinavian summer punch ref1 darkness & light (cake) ref1 dill salsa, Nordic ref1 doughnuts, cardamom doughnuts with orange blossom honey ref1 egg ref1 elderflower lightly cured halibut with lemon, Riesling & elderflowers ref1 midsummer almond torte with a lemon & elderflower glaze ref1 fennel, Nordic coleslaw ref1 fig, smoked venison on sourdough with pear, fig & toasted nuts ref1 fish crispy cod cheeks with Nordic dill salsa ref1 filleting ref1 lightly cured halibut with lemon, Riesling & elderflowers ref1 roast haddock with bacon & rye crisp ref1 salmon burgers ref1 skrei cod on sourdough ref1 smoked salmon on rye with avocado, pickled shallot & beets ref1 spiced salt cod fritters ref1 whisky-cured gravlaks ref1 Freya’s flip ref1 fritters, spiced salt cod ref1 fruits of the forest fruits of the forest compote ref1 fruits of the forest punch ref1 gin ref1, ref2 ginger, sticky ginger cake with a clementine glaze ref1 glazes clementine glaze ref1 lemon & elderflower glaze ref1 gløgg, triple cherry ref1 goat’s curd with green apple, pomegranate & acacia honey ref1 grapefruit chicken liver pâté on rye with pink grapefruit marmalade ref1 Skadi’s spritz ref1 gratin, celeriac, potato & mushroom ref1 gravlaks, whisky-cured ref1 haddock, roast haddock with bacon & rye crisp ref1 halibut, lightly cured halibut with lemon, Riesling & elderflowers ref1 ham, the ultimate grilled cheese ref1 Haribo candy & champagne ref1 honey cardamom doughnuts with orange blossom honey ref1 goat’s curd with green apple, pomegranate & acacia honey ref1 hot Christmas ref1 hot smoked trout, watercress, pomegranate & avocado salad ref1 kale, Nordic winter salad ref1 kefir, Nordic berry & omega smoothie ref1 lamb, roast rack of lamb with a rye, herb & spice crust ref1 lemon lightly cured halibut with lemon, Riesling & elderflowers ref1 midsummer almond torte with a lemon & elderflower glaze ref1 Scandinavian summer punch ref1 lentil, smoked chicken with beets, grains & lentils ref1 madeleines, Christmas spice ref1 malt, brown butter & sugar shortbread ref1 malty banana chocolate chip walnut muffins ref1 marmalade, chicken liver pâté on rye with pink grapefruit marmalade ref1 marzipan, chocolate & almond prunes ref1 mint, Scandinavian summer punch ref1 muesli ne plus ultra ref1 muffins ref1 dark chocolate muffins ref1 malty banana chocolate chip walnut muffins ref1 rhubarb & orange muffins ref1 mushroom, celeriac & potato gratin ref1 nuts, smoked venison on sourdough with pear, fig & toasted nuts ref1 oatmeal coconut oatmeal porridge ref1 oatmeal waffles ref1 onion ref1 orange, rhubarb & orange muffins ref1 pancakes ref1 pâté, chicken liver pâté on rye with pink grapefruit marmalade ref1 peach liqueur, champagne & Haribo candy ref1 pear, smoked venison on sourdough with pear, fig & toasted nuts ref1 pickles ref1 pickled cherries ref1 quick formula pickle ref1 pomegranate goat’s curd with green apple, pomegranate & acacia honey ref1 hot smoked trout, watercress, pomegranate & avocado salad ref1 Nordic winter salad ref1 pork belly, spiced roast ref1 porridge, coconut oatmeal ref1 potato, mushroom & celeriac gratin ref1 prawn, North Sea prawns & sourdough crispbread bites ref1 prunes, chocolate, almond & marzipan ref1 punch, fruits of the forest ref1 rhubarb & orange muffins ref1 Riesling, lightly cured halibut with lemon, Riesling & elderflowers ref1 rum ref1 Freya’s flip ref1 hot Christmas ref1 rye chicken liver pâté on rye with pink grapefruit marmalade ref1 roast haddock with bacon & rye crisp ref1 roast rack of lamb with a rye, herb & spice crust ref1 smoked salmon on rye with avocado, pickled shallot & beets ref1 salads hot smoked trout, watercress, pomegranate & avocado salad ref1 Nordic winter salad ref1 roast cauliflower, spinach & blue cheese salad with cherries & walnuts ref1 salmon salmon burgers ref1 smoked salmon on rye with avocado, pickled shallot & beets ref1 whisky-cured gravlaks ref1 salsa, Nordic dill ref1 salt cod fritters, spiced ref1 seeds muesli ne plus ultra ref1 Nordic berry, omega & kefir smoothie ref1 shallot, smoked salmon on rye with avocado, pickled shallot & beets ref1 sizzling January ref1 Skadi’s spritz ref1 skewers, allspice & whisky chicken ref1 skrei cod on sourdough ref1 smoothie, Nordic berry, omega & kefir ref1 sour cherry muesli ne plus ultra ref1 roast cauliflower, spinach & blue cheese salad with cherries & walnuts ref1 sour cherry bundt cake ref1 triple cherry gløgg ref1 sour, spiced clementine ref1 sourdough North Sea prawns & sourdough crispbread bites ref1 skrei cod on sourdough ref1 smoked venison on sourdough with pear, fig & toasted nuts ref1 spelt, roasted baby squash stuffed with pearled spelt & cheese ref1 spinach, roast cauliflower, spinach & blue cheese salad with cherries & walnuts ref1 squash, roasted baby squash stuffed with pearled spelt & cheese ref1 sticky ginger cake with a clementine glaze ref1 stock, chicken ref1 sugar brown butter, sugar & malt shortbread ref1 spiced sugar syrup ref1, ref2, ref3, ref4, ref5, ref6 summer punch, Scandinavian ref1 sweet potato, Nordic winter salad ref1 torte, midsummer almond torte with a lemon & elderflower glaze ref1 trout, hot smoked trout, watercress, pomegranate & avocado salad ref1 twists, cardamom ref1 venison, smoked venison on sourdough with pear, fig & toasted nuts ref1 vodka fruits of the forest punch ref1 Scandinavian summer punch ref1 Skadi’s spritz ref1 waffles, oatmeal ref1 walnut malty banana chocolate chip walnut muffins ref1 roast cauliflower, spinach & blue cheese salad with cherries & walnuts ref1 watercress, hot smoked trout, watercress, pomegranate & avocado salad ref1 whisky ref1 allspice & whisky chicken skewers ref1 boozy, malty, creamy hot chocolate ref1 sizzling January ref1 whisky-cured gravlaks ref1 wine, fruits of the forest punch ref1 yoghurt, herby ref1 ∞ Redzepi, René ref1 Republic of Fritz Hansen ref1 Rosenthal ref1 running ref1 S Saarinen, Eero, ‘Tulip’ table ref1 Saarinen, Gottlieb Eliel ref1 sandwiches ref1 Sankt Hans festival ref1 ‘Sarah Lund jumper’ ref1 saunas ref1 school sports ref1 Scotland ref1 seasoning ref1 seasons, the ref1, ref2, ref3 sedentary lifestyles ref1, ref2, ref3, ref4 self-reliance ref1 self-sufficiency ref1 Sempé, Inge, w153 clamp lamp ref1 Shand, Philip Morton ref1 Shapton, Leanne ref1 shoes, wearing inside ref1 shopping lists ref1 shortbread, brown butter, sugar & malt ref1 simplicity ref1, ref2 singing ref1 Skandium ref1, ref2 skiing ref1 sobremesa (over the table) ref1 social levellers ref1 soft furnishings ref1 Spain ref1 spices ref1 sport ref1 spring-cleaning ref1 Stockholm International Exhibition 1930 ref1 suicide rates ref1 survival ref1, ref2, ref3, ref4 sustainability ref1 Swanson, Ron ref1, ref2 Sweden ref1, ref2, ref3, ref4, ref5, ref6, ref7, ref8 Swedese ref1 ‘Swedish Grace’ ref1 swimming ref1 T textiles ref1, ref2 Thoreau, Henry David ref1, ref2 Thorisdottir, Annie ref1 U umami-rich ingredients ref1 United Invitations ref1, ref2 upcycling ref1, ref2 urban living ref1, ref2 V vases ref1 Vera & Kyte ref1 Vikings ref1, ref2, ref3, ref4, ref5, ref6, ref7 vinegars ref1 W Wästberg ref1 weather ref1, ref2, ref3, ref4 weddings ref1 Wegner, Hans ref1, ref2 wife-carrying races ref1 Wilhide, Elizabeth, Scandinavian Modern Home ref1 Wirkkala, Tapio, ‘paper bag vase’ ref1 Wrangham, Richard ref1 Y Young, Damon ref1 Further Reading & Nordic Stockists From the outset I’ve tried to steer clear of anything too dry and academic when it comes to the subject of Nordic living and hygge, but the following books have been inspirational in their own way.
Faster, Higher, Farther: How One of the World's Largest Automakers Committed a Massive and Stunning Fraud by Jack Ewing
"RICO laws" OR "Racketeer Influenced and Corrupt Organizations", 1960s counterculture, Asilomar, asset-backed security, Bear Stearns, Berlin Wall, business logic, cognitive dissonance, collapse of Lehman Brothers, corporate governance, crossover SUV, Fall of the Berlin Wall, financial engineering, Ford Model T, full employment, hiring and firing, independent contractor, Kaizen: continuous improvement, McMansion, military-industrial complex, self-driving car, short selling, short squeeze, Silicon Valley, sovereign wealth fund, Steve Jobs, subprime mortgage crisis
“Nevertheless,” the center-left Social Democrat added, “it was urgently necessary to end the speculation about persons and to ensure clarity in top management. Volkswagen and its many thousand employees must be able to concentrate on business.” Still, Piëch’s departure left a vacuum. He had led Volkswagen from near bankruptcy in the early 1990s to the pinnacle of the auto industry. Like Steve Jobs at Apple, Piëch was among a handful of executives who put an unmistakable personal stamp on the companies they ran. Like Jobs, Piech was obsessive about the details of product design and had a genius for creating objects of desire. Under his supervision, Audi grew from a maker of dull middle-class sedans to a luxury carmaker on a par with BMW and Mercedes.
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(Andreas Rentz, Getty Images) A view of the main factory in Wolfsburg on the banks of the Mittelland Canal in 2007. In the foreground is the entrance to the Autostadt, a museum and temple of auto worship. (Collection ullstein bild, Getty Images) Ferdinand Piëch at the wheel of an Audi at Volkswagen’s annual shareholders meeting in Hamburg in 2010. Like Steve Jobs of Apple, he was one of the few chief executives whose personal stamp was visible on their company’s products. (David Hecker, DDP, Getty Images) Ursula Piëch, the former family governess better known as Uschi, was one of the few people whom Ferdinand Piëch trusted. He arranged for her to become a member of the Volkswagen supervisory board.
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Roughly translated, that means, “Impossible doesn’t exist.” Piëch was a master of cutting down subordinates with a few icy words. Another former executive remembers attending a meeting where a colleague was making a presentation. Piëch grew bored and took an apple from a bowl of fruit on the table in front of him. He began to peel the apple with a knife. When he was done peeling the apple, the executive recalled, Mr. Piëch looked up and said, “Why is this guy still talking? Can’t anyone tell this guy to just leave?” (Asked about these anecdotes, a lawyer for Piëch, Matthias Prinz, declined to comment except to say the stories did not correspond to the Piëch he knew.)
Hype: How Scammers, Grifters, and Con Artists Are Taking Over the Internet―and Why We're Following by Gabrielle Bluestone
Adam Neumann (WeWork), Airbnb, Bellingcat, Bernie Madoff, Bernie Sanders, Big Tech, bitcoin, Black Lives Matter, Burning Man, cashless society, coronavirus, COVID-19, Donald Trump, driverless car, Elon Musk, fake it until you make it, financial thriller, forensic accounting, gig economy, global pandemic, growth hacking, high net worth, hockey-stick growth, hype cycle, Hyperloop, Kevin Roose, lock screen, lockdown, Lyft, Mark Zuckerberg, Masayoshi Son, Mason jar, Menlo Park, Multics, Naomi Klein, Netflix Prize, NetJets, Peter Thiel, placebo effect, post-truth, RFID, ride hailing / ride sharing, Russell Brand, Sand Hill Road, self-driving car, Silicon Valley, Snapchat, social distancing, SoftBank, Steve Jobs, tech billionaire, tech bro, TikTok, Tim Cook: Apple, Travis Kalanick, Uber and Lyft, uber lyft, unpaid internship, upwardly mobile, Vision Fund, WeWork
It’s a creative capacity that, I think, is to be admired.” The problems start, he says, “When we start to objectify the other, when we start to put people on pedestals—we lose sight of the fact that they’re just people, and people have flaws, no matter how great they are. And I think that Elon Musk is an example of that; Steve Jobs is an example of that, in the way that it sounds like he was a really challenging person to work for, and a bit of a monster. And there are other examples of those types of charismatic characters who do great things, but also turn out to be a little bit of monsters. “I think a corollary to that is this guru worship,” Weinstein said, pointing to recent coverage of the Indian guru Bhagwan Shree Rajneesh, the subject of the recent Netflix documentary Wild Wild Country, and the hot yoga founder Bikram Choudhury, who was the subject of the recent Netflix documentary Bikram: Yogi, Guru, Predator.
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He’d earned a marketing position as McFarland’s number two at Magnises in 2014 after cold emailing Billy an overly detailed business plan of all the things he thought Magnises had been doing wrong, and ended up serving as the vice president of marketing and branding for the company for two years before negotiating his way to become Fyre’s CMO. Margolin seemed to envision himself as the Tim Cook to Billy’s Steve Jobs. But when they got together, critics say, it was more like Dwight Schrute and Michael Scott from The Office. “I was very surprised he ended up with Billy because he’s kind of the one that brought Magnises more down-market,” the publicist said. “Billy’s whole thing was his bling, and he wanted it to be very trendsetting and then [with Margolin] he got more down to business, you know, he wanted to get just a lot of people joining, and that’s when it really changed.”
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According to Rachel Kurzius, a reporter for DCist, Magnises used the same language Fyre would later use, blaming unforeseen circumstances.87 But not all was lost: the rapper Wale, a cardholder who had performed at the Magnises clubhouse for a reported “ten minutes” in 2013 (an attendee told the New York Daily News, “The mic didn’t work for the first couple,” which was just as well since the party was shut down by the NYPD not long after), stepped in and performed in Ja Rule’s place.88 The DC launch wasn’t a total bust, but by July of that summer, McFarland was still desperate enough for new members to resort to his old Spling tricks. “Want a free Apple Watch?” one Facebook post read. “Magnises is giving away a free Apple Watch to each member who successfully refers 5 new members by July 7th. Refer away!”89 By August, the company fully pivoted from an event-and-membership club to a lifestyle blog in the vein of Guest of a Guest, with the dubious bonus of a concierge app. Not long after, the company gave up on the membership-club aspect altogether.
The Rise of Superman: Decoding the Science of Ultimate Human Performance by Steven Kotler
Abraham Maslow, adjacent possible, Albert Einstein, Any sufficiently advanced technology is indistinguishable from magic, Clayton Christensen, data acquisition, delayed gratification, deliberate practice, do what you love, escalation ladder, fear of failure, Google Earth, haute couture, impulse control, Isaac Newton, Jeff Bezos, Jeff Hawkins, jimmy wales, Kevin Kelly, Lao Tzu, lateral thinking, life extension, lifelogging, low earth orbit, Maui Hawaii, pattern recognition, Ray Kurzweil, risk tolerance, rolodex, selective serotonin reuptake inhibitor (SSRI), Sheryl Sandberg, Silicon Valley, SimCity, SpaceShipOne, Stanford marshmallow experiment, Steve Jobs, TED Talk, time dilation, Virgin Galactic, Walter Mischel, X Prize
Every time we have a creative insight and share it with the world, we come up against some very primal terrors: fear of failure, fear of the unknown, fear of social ridicule, fear of loss of resources (time, money, access, etc.). There’s significant risk involved in every step of this process. Drilling down deeper, beyond the risk taking involved in idea generation, there’s a second mechanism at work: pattern recognition. When Apple cofounder Steve Jobs said, “Creativity is just connecting things,” he wasn’t wrong. When coming up with a new idea, we always have to find patterns—i.e., Jobs’s connection between things—that we haven’t seen before. At a fundamental level, then, coming up with original, valuable ideas always requires risk taking and pattern recognition—and this means dopamine.
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“the process of developing original ideas that have value”: Ken Robinson, Out of Our Minds: Learning to Be Creative (Capstone, 2011), pp. 1–7. There’s significant risk involved in every step of this process: Greg Berns, Iconoclast: A Neuroscientist Reveals How to Think Differently (Harvard Business Review Press, 2010). “Creativity is just connecting things”: Gary Wolf, “Steve Jobs: The Next Insanely Great Thing,” Wired, April 2002. 145 the creative act: For links between creativity and dopamine, see: S. A. Chermahini and B. Hommel, “The (B)link Between Creativity and Dopamine: Spontaneous Eye Blink Rates Predict and Dissociate Divergent and Convergent Thinking,” Cognition June 2010, 115(3), pp. 458–65; Also: “Parkinson’s Treatment Can Trigger Creativity,” ScienceDaily.com, January 14, 2013.
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But along the way, they have somehow become so much more: a force pushing evolution further, the tip of the spear, the ones charged with redefining what it means to be human. As Mike Gervais, one of the world’s top peak-performance psychologists, says: “There’s a natural urge to compare athletes to athletes, but trying to compare a guy like Shane McConkey to a guy like Kobe Bryant misses the mark entirely. It’s almost apples and oranges. McConkey’s got more in common with fourteenth-century Spanish explorers than anyone playing on the hardwood. You want to compare these athletes to someone, well, you’ve got to start with Magellan.” ULTIMATE HUMAN PERFORMANCE Even if you start with Magellan, comparisons are still problematic.
Rise of the Rocket Girls: The Women Who Propelled Us, From Missiles to the Moon to Mars by Nathalia Holt
Apollo 11, Apollo 13, Bill Gates: Altair 8800, British Empire, computer age, cuban missile crisis, Dennis Tito, desegregation, financial independence, Grace Hopper, Isaac Newton, labor-force participation, low earth orbit, Mars Rover, music of the spheres, Neil Armstrong, new economy, operation paperclip, Richard Feynman, Richard Feynman: Challenger O-ring, space junk, Steve Jobs, Watson beat the top human players on Jeopardy!, women in the workforce, Works Progress Administration, Yogi Berra
Despite their poverty, Gates and Allen still managed to form their own company, which eventually turned into the empire named Microsoft. A demonstration of the Altair energized two computer engineers who happened to be part of the Homebrew Computer Club: Stephen Wozniak and Steve Jobs. After Wozniak saw the Altair for the first time, he had a revelation. “The whole vision of a personal computer popped in my head,” he said. “That night I started to sketch out on paper what would later become known as the Apple I.” Personal computers, or PCs, soon underwent a revolution, with Apple, IBM, Xerox, Tandy, and Commodore all contributing models. By the 1980s the personal computer had invaded JPL, although it was first met with resistance.
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A history of the Altair 8800 can be found in Robert M. Collins, Transforming America: Politics and Culture During the Reagan Years (New York: Columbia University Press, 2009). Stephen Wozniak is quoted as saying, “The whole vision of a personal computer popped in my head,” etc., in Walter Isaacson, Steve Jobs (Simon and Schuster, 2011). The antenna failure on Galileo is explained in J. George et al., “Galileo System Design for Orbital Operations,” Digital Avionics Systems Conference, Phoenix, Arizona, 1994, and Jean H. Aichele, ed., “Galileo, the Tour Guide: A Summary of the Mission to Date,” JPL Progress Report D–13554, 1996.
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In addition, the position held prestige, allowed her to work alongside her husband, and paid twice what she made as a typist. More than the money, it offered her the opportunity to use her neglected math skills. It wasn’t just the rocket research group that Barby was becoming a member of. She was joining an exclusive group whose contributions spanned centuries. Before Apple, before IBM, and before our modern definition of a central processing unit partnered with memory, the word computer referred simply to a person who computes. Using only paper, a pencil, and their minds, these computers tackled complex mathematical equations. Early astronomers needed computers in the 1700s to predict the return of Halley’s Comet.
Content: Selected Essays on Technology, Creativity, Copyright, and the Future of the Future by Cory Doctorow
AltaVista, AOL-Time Warner, book scanning, Brewster Kahle, Burning Man, cognitive load, drop ship, en.wikipedia.org, general purpose technology, informal economy, information retrieval, Internet Archive, invention of movable type, Jeff Bezos, John Gilmore, John Perry Barlow, Law of Accelerating Returns, machine readable, Metcalfe's law, mirror neurons, Mitch Kapor, moral panic, mutually assured destruction, Neal Stephenson, new economy, optical character recognition, PalmPilot, patent troll, pattern recognition, peer-to-peer, Ponzi scheme, post scarcity, QWERTY keyboard, Ray Kurzweil, RFID, Sand Hill Road, Skype, slashdot, Snow Crash, social software, speech recognition, Steve Jobs, the long tail, Thomas Bayes, Turing test, Vernor Vinge, Wayback Machine
The phone companies' customers want Symbian phones and for now, at least, the phone companies understand that if they don't sell them, someone else will. The market opportunity for a truly capable devices is enormous. There's a company out there charging 27,000 for a DVD jukebox — go and eat their lunch! Steve Jobs isn't going to do it: he's off at the D conference telling studio execs not to release hi-def movies until they're sure no one will make a hi-def DVD burner that works with a PC. Maybe they won't buy into his BS, but they're also not much interested in what you have to sell. At the Broadcast Protection Discussion Group meetings where the Broadcast Flag was hammered out, the studios' position was, "We'll take anyone's DRM except Microsoft's and Philips'."
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Because I buy a new Powerbook every ten months, and because I always order the new models the day they're announced, I get a lot of lemons from Apple. That means that I hit Apple's three-iTunes-authorized-computers limit pretty early on and found myself unable to play the hundreds of dollars' worth of iTunes songs I'd bought because one of my authorized machines was a lemon that Apple had broken up for parts, one was in the shop getting fixed by Apple, and one was my mom's computer, 3,000 miles away in Toronto. If I had been a less good customer for Apple's hardware, I would have been fine. If I had been a less enthusiastic evangelist for Apple's products — if I hadn't shown my mom how iTunes Music Store worked — I would have been fine.
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If I hadn't bought so much iTunes music that burning it to CD and re-ripping it and re-keying all my metadata was too daunting a task to consider, I would have been fine. As it was Apple rewarded my trust, evangelism and out-of-control spending by treating me like a crook and locking me out of my own music, at a time when my Powerbook was in the shop — i.e., at a time when I was hardly disposed to feel charitable to Apple. I'm an edge case here, but I'm a leading edge case. If Apple succeeds in its business plans, it will only be a matter of time until even average customers have upgraded enough hardware and bought enough music to end up where I am.
Peers, Pirates, and Persuasion: Rhetoric in the Peer-To-Peer Debates by John Logie
1960s counterculture, Berlin Wall, book scanning, cuban missile crisis, dual-use technology, Fall of the Berlin Wall, Free Software Foundation, Hacker Ethic, Isaac Newton, Marshall McLuhan, moral panic, mutually assured destruction, peer-to-peer, plutocrats, pre–internet, publication bias, Richard Stallman, Search for Extraterrestrial Intelligence, search inside the book, SETI@home, Silicon Valley, slashdot, Steve Jobs, Steven Levy, Stewart Brand, Whole Earth Catalog
Even if robust commercial online music services had existed when the iPod launched, no reasonable person would imagine that the typical iPod user would be filling the device with music at prices like the $.99 per song or $9.99 per album eventually charged by Apple’s iTunes music store. At these prices, the music within a fully loaded 60GB iPod would represent an expenditure of $8,000 to $10,000. Clearly, the iPod and the highcapacity MP3 players that compete with it are products whose utility depends upon low or no-cost downloads of music files. But when Apple CEO Steve Jobs announced the launch of the iTunes Music Store in April 2003, he implicitly criticized many of the consumers who had purchased the iPod, and filled it with MP3s, from peer-to-peer services, especially Napster.
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This point can be clearly illustrated by reviewing the activities of Apple Computer as it adapted its business to accommodate computer users’ voracious appetite for digital music. Figure 4. Apple’s “Rip. Mix. Burn.” campaign. Copyright © 2001, Apple Computer, Inc. In February of 2001, Apple Computer introduced a revision of its popular iMac computer with a feature customers had long sought: an onboard CD-RW drive. This was the first Macintosh machine to feature the ability not merely to read CD-ROMs and compact discs, but also to write discs filled with data or music. Apple chose to introduce this new feature with an ad campaign structured around the phrase “Rip.
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We would do well to understand how Apple moved from a rhetorical stance that was widely understood as providing a winking acknowledgment of consumers’ potentially illicit consumption of music files to the marginally insulting assumption that iPod purchasers would steal unless told not to. As it turns out, Apple’s contrasting rhetorical appeals fall neatly within the few months before and after the July 2001 shutdown of Napster. Apple’s “Rip. Mix. Burn.” slogan was really more innocuous than it initially appeared. Computer terminology often sounds more violent and disruptive than it really is. For reasons that are, if not inscrutable, then at least beyond the scope of this project, computer jargon is littered with “slashes,” “dumps,” “hacks,” and the like. The terms invoked by Apple all have fairly innocuous meanings within the context of the computing subculture.
Blood and Oil: Mohammed Bin Salman's Ruthless Quest for Global Power by Bradley Hope, Justin Scheck
"World Economic Forum" Davos, augmented reality, Ayatollah Khomeini, Boston Dynamics, clean water, coronavirus, distributed generation, Donald Trump, Downton Abbey, Elon Musk, Exxon Valdez, financial engineering, Google Earth, high net worth, Jeff Bezos, Marc Andreessen, Mark Zuckerberg, Masayoshi Son, megaproject, MITM: man-in-the-middle, new economy, NSO Group, Peter Thiel, public intellectual, ride hailing / ride sharing, Sand Hill Road, Silicon Valley, SoftBank, South of Market, San Francisco, sovereign wealth fund, starchitect, Steve Bannon, Steve Jobs, tech billionaire, Tim Cook: Apple, trade route, traumatic brain injury, Travis Kalanick, Uber for X, urban planning, Virgin Galactic, Vision Fund, WeWork, women in the workforce, young professional, zero day
Frequent attendees were his younger brother Khalid and two cousins, Badr bin Farhan and Abdullah bin Bandar. They’d race four-wheelers in the dunes, set up soccer matches, and play video games. Eating fast food from McDonald’s or more traditional fare by the flames, Mohammed would tell them of his plans to become a billionaire. They’d talk about Steve Jobs and Bill Gates, men who built enduring legacies by focusing on results and being shrewder than their competition. And he’d talk with charisma, mission, and mounting frustration and despair about the Saudi youth. “We are the ones who can decide the future of our generation,” he said one night, as an attendee remembered it.
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After visiting the cruise ship full of consultants off NEOM’s coast, Masayoshi told Mohammed that he was a visionary and agreed to have SoftBank partner on one of NEOM’s most ambitious projects: “A new way of life from birth to death reaching genetic mutations to increase human strength and IQ,” as the consultants later described it. Speaking later, Masayoshi referred to Mohammed bin Salman as the “Bedouin Steve Jobs.” Rajeev, the SoftBank executive, had his own enormous task at hand. The Saudi and Abu Dhabi money made him change his mind about leaving SoftBank. Now he had more financial firepower than just about anyone on earth and a fly-by-the-seat-of-his-pants boss who was happy to make multi-billion-dollar investments with a quick meeting and a “gut instinct.”
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Alwaleed delighted in that image and in representations of his own image, showing visitors to his offices in Riyadh, Paris, and New York thick stacks of magazines with his face on the cover or long interviews about his business career. Some rooms in his homes contained more than a dozen photos or paintings of Alwaleed at different stages of his life. He liked drinking tea from a mug with his face on it. The prince was a force in American business, buying stakes in Citibank, Apple, and Twitter. In a partnership with Bill Gates, Alwaleed’s Kingdom Holding Company owned a chunk of the Four Seasons hotel chain, famed for its luxury accommodations. When he traveled, he brought along a two-dozen-person retinue, including cooks, cleaners, butlers, and business advisors. Yet here he was on a cool November night in 2017, feeling a chill down his spine as he got dressed at his desert retreat for the meeting with the king.
Technically Wrong: Sexist Apps, Biased Algorithms, and Other Threats of Toxic Tech by Sara Wachter-Boettcher
"Susan Fowler" uber, Abraham Maslow, Airbnb, airport security, algorithmic bias, AltaVista, big data - Walmart - Pop Tarts, Big Tech, Black Lives Matter, data science, deep learning, Donald Trump, fake news, false flag, Ferguson, Missouri, Firefox, Grace Hopper, Greyball, Hacker News, hockey-stick growth, independent contractor, job automation, Kickstarter, lifelogging, lolcat, Marc Benioff, Mark Zuckerberg, Max Levchin, Menlo Park, meritocracy, microaggression, move fast and break things, natural language processing, Northpointe / Correctional Offender Management Profiling for Alternative Sanctions, off-the-grid, pattern recognition, Peter Thiel, real-name policy, recommendation engine, ride hailing / ride sharing, Salesforce, self-driving car, Sheryl Sandberg, Silicon Valley, Silicon Valley startup, Snapchat, Steve Jobs, Tactical Technology Collective, TED Talk, Tim Cook: Apple, Travis Kalanick, upwardly mobile, Wayback Machine, women in the workforce, work culture , zero-sum game
By 1984, that number had grown to 37 percent. Starting in 1985, that percentage fell every single year—until, in 2007, it leveled out at the 18 percent figure we saw through 2014. That shift coincides perfectly with the rise of the personal computer—which was marketed almost exclusively to men and boys.24 We heard endless stories about Steve Jobs, Bill Gates, Paul Allen—garage tinkerers, boy geniuses, geeks. Software companies, and soon after, internet companies, all showcased men at the helm, backed by a sea of techies who looked just like them. And along the way, women stopped studying computer science, even as more of them were attending college than ever before.
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And the title “Doctor” was coded as male.2 Or in March of 2016, when JAMA Internal Medicine released a study showing that the artificial intelligence built into smartphones from Apple, Samsung, Google, and Microsoft isn’t programmed to help during a crisis. The phones’ personal assistants didn’t understand words like “rape,” or “my husband is hitting me.” In fact, instead of doing even a simple web search, Siri—Apple’s product—cracked jokes and mocked users.3 It wasn’t the first time. Back in 2011, if you told Siri you were thinking about shooting yourself, it would give you directions to a gun store. After getting bad press, Apple partnered with the National Suicide Prevention Lifeline to offer users help when they said something that Siri identified as suicidal.
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They barely shift. In 2014, Apple released its first diversity report—and made its first commitment to doing all the work that it knows still needs to be done. At the time, it was 70 percent male globally, and 80 percent male in technical roles. Two years later, in 2016, it was still 68 percent male globally, and 77 percent male in technical roles.7 Similarly, in the United States, 9 percent of Apple’s staff was black in 2016—though in leadership positions, that number dropped to 3 percent—just the same as it was in 2014. Plus, the highest concentration of diverse employees won’t be found at Apple’s shiny One Infinite Loop campus in California.
Bitcoin: The Future of Money? by Dominic Frisby
3D printing, Alan Greenspan, altcoin, bank run, banking crisis, banks create money, barriers to entry, bitcoin, Bitcoin Ponzi scheme, blockchain, capital controls, Chelsea Manning, cloud computing, computer age, cryptocurrency, disintermediation, Dogecoin, Ethereum, ethereum blockchain, fiat currency, financial engineering, fixed income, friendly fire, game design, Hacker News, hype cycle, Isaac Newton, John Gilmore, Julian Assange, land value tax, litecoin, low interest rates, M-Pesa, mobile money, Money creation, money: store of value / unit of account / medium of exchange, Occupy movement, Peter Thiel, Ponzi scheme, prediction markets, price stability, printed gun, QR code, quantitative easing, railway mania, Ronald Reagan, Ross Ulbricht, Satoshi Nakamoto, Silicon Valley, Skype, slashdot, smart contracts, Snapchat, Stephen Hawking, Steve Jobs, Ted Nelson, too big to fail, transaction costs, Turing complete, Twitter Arab Spring, Virgin Galactic, Vitalik Buterin, War on Poverty, web application, WikiLeaks
The database provides the mathematical evidence – the so-called ‘crypto-proof’ – on which Bitcoin is based. It is called the ‘block chain’. The evolution of digital cash – and the monies that failed In 1955 and 1956, a generation of computer geniuses was born. This gamechanging cohort includes Tim Berners Lee, Bill Gates, Steve Jobs – and a little-known mathematician by the name of David Chaum. Chaum was one of the pioneers of early cryptography and the grandfather of digital cash. He first proposed the idea of digital cash in 1982,15then developed his thinking in 1985 with the fantastically titled paper, Security Without Identification: Transaction Systems to Make Big Brother Obsolete.
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Windows is the most common computer operating system in the world: nothing remarkable there. Bitcoin was compiled using Microsoft Visual Studio. What is remarkable is that the original Bitcoin code was not multi-platform – it was Windows only. That is unusual for a high-level coder; they usually prefer Linux or Macs. Steve Jobs will be turning in his grave, but Satoshi did not have a Mac. He always had to ask others – usually the 10,000-bitcoin-pizza-buyer Laszlo – to test the system on Macs and would rely on them to make it work. ‘Good, so I take it that’s a confirmation that it’s working on Mac as well,’ he said when a new bit of tech was being tried out.103 Despite having a Windows machine, we also know Satoshi did not have an Intel Core i5 processor or an AMD processor.
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This implies that it’s a pseudonym – and this would tie in with the Cypherpunk traditions of anonymity. But perhaps Satoshi has left us some Easter eggs in his name. Many people have pored over it looking for clues. One poster by the name of jackofspades discovered shortened versions of leading tech companies – SAmsung, TOSHIba, NAKaminchi, Apple and MOTOrola – to make SA TOSHI NAK A MOTO. Others have found meaning in the Japanese. Satoshi is a Japanese boy’s name. It means ‘clear-thinking’, ‘quick-witted’ or ‘wise’. ‘Naka’ has various meanings – ‘medium’, ‘inside’, or ‘relationship’, while ‘moto’ means ‘origins’ or ‘foundation’. So his name might mean something like ‘wise relationship origin’, for example.
The Alpha Masters: Unlocking the Genius of the World's Top Hedge Funds by Maneet Ahuja, Myron Scholes, Mohamed El-Erian
"World Economic Forum" Davos, activist fund / activist shareholder / activist investor, Alan Greenspan, Asian financial crisis, asset allocation, asset-backed security, backtesting, Bear Stearns, Bernie Madoff, book value, Bretton Woods, business process, call centre, Carl Icahn, collapse of Lehman Brothers, collateralized debt obligation, computerized trading, corporate governance, credit crunch, Credit Default Swap, credit default swaps / collateralized debt obligations, diversification, Donald Trump, en.wikipedia.org, family office, financial engineering, fixed income, global macro, high net worth, high-speed rail, impact investing, interest rate derivative, Isaac Newton, Jim Simons, junk bonds, Long Term Capital Management, managed futures, Marc Andreessen, Mark Zuckerberg, merger arbitrage, Michael Milken, Myron Scholes, NetJets, oil shock, pattern recognition, Pershing Square Capital Management, Ponzi scheme, proprietary trading, quantitative easing, quantitative trading / quantitative finance, Renaissance Technologies, risk-adjusted returns, risk/return, rolodex, Savings and loan crisis, short selling, Silicon Valley, South Sea Bubble, statistical model, Steve Jobs, stock buybacks, systematic bias, systematic trading, tail risk, two and twenty, zero-sum game
Dalio is unapologetic. In his Principles, Dalio proudly says, “I have become a ‘hyperrealist.’ ” Dalio is also well known for how his big-picture, innovative thinking has changed investing in important ways. In fact, industry magazine aiCIO devoted its December 2011 cover story—“Is Ray Dalio the Steve Jobs of Investing?”—to him, highlighting the similarities between the two leaders’ motivations and approaches and how each has impacted his industry. Dalio, like Jobs, feels his life is a journey during which he must turn his bold visions into reality. Dalio’s industry-changing innovations have earned him two lifetime achievement awards and won Bridgewater dozens of “Best of” awards.
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Bridgewater Associates, August 2011, www.bwater.com/home/culture–principles.aspx. Hutchings, William. “Bridgewater: The Hedge Fund that Thinks It Isn’t.” Financial News, October 18, 2010, www.efinancialnews.com/story/2010-10-18/bridgewater-ray-dalio-unshackled-conventions. McDaniel, Kip. “Is Ray Dalio the Steve Jobs of Investing?” aiCIO, December 14, 2011. “Ray Dalio: Extremely Bullish about Emerging Markets.” Seeking Alpha, March 9, 2011, http://seekingalpha.com/article/257333-ray-dalio-extremely-bullish-about-emerging-markets. “Ray Dalio’s Favorite Stock Picks.” Seeking Alpha, April 1, 2011, http://seekingalpha.com/article/261331-ray-dalio-s-favorite-stock-picks.
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Initially, we had the right to appoint a third director to the board. So we told Ron, ‘Look, we’ll put you on the board so you can get a sense of the company. And when Mike steps down, maybe you can become the CEO.’ But it was hard for him to be on the board of JCPenney while he was at Apple. He said, ‘Look if I’m gonna do this, I’ve got to do it all the way.’ And so then we began a process for the transition of Ron from Apple to JCPenney. The entire board was involved. Everyone interviewed him. Mike Ullman spent a lot of time with him. The directors spent a lot of time with him,” says Ackman. “This guy, I’m telling you, I think he’ll be the best CEO of any company ever.
Bike Boom: The Unexpected Resurgence of Cycling by Carlton Reid
1960s counterculture, autonomous vehicles, Beeching cuts, bike sharing, California gold rush, car-free, cognitive dissonance, driverless car, Ford Model T, Haight Ashbury, Jane Jacobs, Kickstarter, military-industrial complex, peak oil, Ponzi scheme, Silicon Valley, Skype, Steve Jobs, Steven Pinker, Stop de Kindermoord, the built environment, The Death and Life of Great American Cities, Traffic in Towns by Colin Buchanan, urban planning, urban renewal, Whole Earth Catalog, Yom Kippur War
With the aid of a bicycle, however, the man’s energy consumption is reduced to about a fifth…. Therefore, apart from increasing his unaided speed, the cyclist improves his efficiency rating to No. 1 among moving creatures and machines. (This extract, and the graph that accompanied it, went on to inspire many others, including Steve Jobs of Apple, who used it in a 1980 presentation to explain the efficiency of the personal computer: “What a computer is to me is it’s the most remarkable tool that we’ve ever come up with, and it’s the equivalent of a bicycle for our minds.”) Wilson continued, “For those of us in the overdeveloped world the bicycle offers a real alternative to the automobile.”
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Palo Alto is a suburb of San Francisco, home to Stanford University, the birthplace of the 1960s countercultural revolution that reverberated around the world after students, who were paid to take it, thought LSD should be available to all. Today the town is better known as the beating heart of Silicon Valley, famed for tech companies such as Xerox, Hewlett-Packard, and, latterly, Tesla Motors. It’s also the home city of Apple’s Steve Jobs, as well as the founders of Google, Sergey Brin and Larry Page. Mostly white, highly educated, decidedly middle-class and hyper-environmentally aware, many of Palo Alto’s residents are cyclists, and the town is home to major cycling figures such as mountain-bike pioneer Tom Ritchey and also Jobst Brandt, author of The Bicycle Wheel.
Overcomplicated: Technology at the Limits of Comprehension by Samuel Arbesman
algorithmic trading, Anthropocene, Anton Chekhov, Apple II, Benoit Mandelbrot, Boeing 747, Chekhov's gun, citation needed, combinatorial explosion, Computing Machinery and Intelligence, Danny Hillis, data science, David Brooks, digital map, discovery of the americas, driverless car, en.wikipedia.org, Erik Brynjolfsson, Flash crash, friendly AI, game design, Google X / Alphabet X, Googley, Hans Moravec, HyperCard, Ian Bogost, Inbox Zero, Isaac Newton, iterative process, Kevin Kelly, machine translation, Machine translation of "The spirit is willing, but the flesh is weak." to Russian and back, mandelbrot fractal, Minecraft, Neal Stephenson, Netflix Prize, Nicholas Carr, Nick Bostrom, Parkinson's law, power law, Ray Kurzweil, recommendation engine, Richard Feynman, Richard Feynman: Challenger O-ring, Second Machine Age, self-driving car, SimCity, software studies, statistical model, Steve Jobs, Steve Wozniak, Steven Pinker, Stewart Brand, superintelligent machines, synthetic biology, systems thinking, the long tail, Therac-25, Tyler Cowen, Tyler Cowen: Great Stagnation, urban planning, Watson beat the top human players on Jeopardy!, Whole Earth Catalog, Y2K
Today’s computer programs are mysterious creations delivered whole to the user, but the old ones had a legible structure. Later in the 1980s, my family abandoned Commodore for Apple, and I have used some kind of Macintosh ever since. Our first Mac was something incredible to childhood me. I was entranced by the mouse, and the games, such as Cosmic Osmo, which offered rich, immersive realms that you could explore just by clicking. These early Macintoshes could even speak, converting text to speech in an inhuman monotone that delighted my family. The presentation Steve Jobs made introducing the Macintosh in 1984 is profoundly emotional and impressive to watch. And yet, something was lost in my family’s rush to embrace the Mac’s wonders.
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A self-taught genius who worked during the early part of the twentieth century, Ramanujan was not your average mathematician who tried to solve problems through trial and error and occasional flashes of brilliance. Instead, equations seemed to leap fully formed from his brain, often mind-bogglingly complex and stunningly correct (though some were also wrong). The Ramanujan of technology might be Steve Wozniak. Wozniak programmed the first Apple computer and was responsible for every aspect of the Apple II. As the programmer and novelist Vikram Chandra notes, “Every piece and bit and byte of that computer was done by Woz, and not one bug has ever been found. . . . Woz did both hardware and software. Woz created a programming language in machine code. Woz is hardcore.”
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abstraction, 163 biological thinking’s avoidance of, 115–16 in complexity science, 133, 135 in physics thinking, 115–16, 121–22, 128 specialization and, 24, 26–27 technological complexity and, 23–28, 81, 121–22 accretion, 65 in complex systems, 36–43, 51, 62, 65, 191 in genomes, 156 in infrastructure, 42, 100–101 legacy systems and, 39–42 in legal system, 40–41, 46 in software, 37–38, 41–42, 44 in technological complexity, 130–31 unexpected behavior and, 38 aesthetics: biological thinking and, 119 and physics thinking, 113, 114 aggregation, diffusion-limited, 134–35 algorithm aversion, 5 Amazon, 5 American Philosophical Society, 90 Anaximander of Miletus, 139 Apple, 161, 163 Apple II computer, 77 applied mathematics, 143 arche, 140 Ariane 5 rocket, 1996 explosion of, 11–12 Aristotle, 151 Ascher, Kate, 100 Asimov, Isaac, 124 atomic nucleus, discovery of, 124, 141 Audubon, John James, 109 autocorrect, 5, 16 automobiles: self-driving, 91, 231–32 software in, 10–11, 13, 45, 65, 100, 174 see also Toyota automobiles Autonomous Technology (Winner), 22 Average Is Over (Cowen), 84 awe, as response to technological complexity, 6, 7, 154–55, 156, 165, 174 bacteria, 124–25 Balkin, Jack, 60–61 Ball, Philip, 12, 87–88, 136, 140 Barr, Michael, 10 Barrow, Isaac, 89 BASIC, 44–45 Bayonne Bridge, 46 Beacock, Ian, 12–13 Benner, Steven, 119 “Big Ball of Mud” (Foote and Yoder), 201 binary searches, 104–5 biological systems, 7 accretion in, 130–31 complexity of, 116–20, 122 digital technology and, 49 kluges in, 119 legacy code in, 118, 119–20 modules in, 63 tinkering in, 118 unexpected behavior in, 109–10, 123–24 biological thinking, 222 abstraction avoided in, 115–16 aesthetics and, 119 as comfortable with diversity and complexity, 113–14, 115 concept of miscellaneous in, 108–9, 140–41, 143 as detail oriented, 121, 122, 128 generalization in, 131–32 humility and, 155 physics thinking vs., 114–16, 137–38, 142–43, 222 technological complexity and, 116–49, 158, 174 Blum, Andrew, 101–2 Boeing 777, 99 Bogost, Ian, 154 Bookout, Jean, 10 Boorstin, Daniel, 89 Borges, Jorge Luis, 76–77, 131 Boston, Mass., 101, 102 branch points, 80–81 Brand, Stewart, 39–40, 126, 198–99 Brookline, Mass., 101 Brooks, David, 155 Brooks, Frederick P., Jr., 38, 59, 93 bugs, in software, see software bugs bureaucracies, growth of, 41 cabinets of curiosities (wunderkammers), 87–88, 140 calendar application, programming of, 51–53 Cambridge, Mass., 101 cancer, 126 Carew, Diana, 46 catastrophes, interactions in, 126 Challenger disaster, 9, 11, 12, 192 Chandra, Vikram, 77 Chaos Monkey, 107, 126 Chekhov, Anton, 129 Chekhov’s Gun, 129 chess, 84 Chiang, Ted, 230 clickstream, 141–42 Clock of the Long Now, The (Brand), 39–40 clouds, 147 Code of Federal Regulations, 41 cognitive processing: of language, 73–74 limitations on, 75–76, 210 nonlinear systems and, 78–79 outliers in, 76–77 working memory and, 74 see also comprehension, human collaboration, specialization and, 91–92 Commodore VIC-20 computer, 160–61 complexity, complex systems: acceptance of, see biological thinking accretion in, 36–43, 51, 62, 65, 191 aesthetics of, 148–49, 156–57 biological systems and, 116–17, 122 buoys as examples of, 14–15, 17 complication vs., 13–15 connectivity in, 14–15 debugging of, 103–4 edge cases in, 53–62, 65, 201, 205 feedback and, 79, 141–45 Gall on, 157–58, 227 hierarchies in, 27, 50–51 human interaction with, 163 infrastructure and, 100–101 inherent vs. accidental, 189 interaction in, 36, 43–51, 62, 65, 146 interconnectivity of, see interconnectivity interpreters of, 166–67, 229 kluges as inevitable in, 34–36, 62–66, 127 in legal systems, 85 and limits of human comprehension, 1–7, 13, 16–17, 66, 92–93 “losing the bubble” and, 70–71, 85 meaning of terms, 13–20 in natural world, 107–10 scientific models as means of understanding, 165–67 specialization and, 85–93 unexpected behavior in, 27, 93, 96–97, 98–99, 192 see also diversity; technological complexity complexity science, 132–38, 160 complication, complexity vs., 13–15 comprehension, human: educability of, 17–18 mystery and, 173–74 overoptimistic view of, 12–13, 152–53, 156 wonder and, 172 see also cognitive processing comprehension, human, limits of, 67, 212 complex systems and, 1–7, 13, 16–17, 66, 92–93 humility as response to, 155–56 interconnectivity and, 78–79 kluges and, 42 legal system and, 22 limitative theorems and, 175 “losing the bubble” in, 70–71, 85 Maimonides on, 152 stock market systems and, 26–27 technological complexity and, 18–29, 69–70, 80–81, 153–54, 169–70, 175–76 unexpected behavior and, 18–22, 96–97, 98 “Computational Biology” (Doyle), 222 computational linguistics, 54–57 computers, computing: complexity of, 3 evolutionary, 82–84, 213 impact on technology of, 3 see also programmers, programming; software concealed electronic complexity, 164 Congress, U.S., 34 Constitution, U.S., 33–34 construction, cost of, 48–50 Cope, David, 168–69, 229–30 corpus, in linguistics, 55–56 counting: cognitive limits on, 75 human vs. computer, 69–70, 97, 209 Cowen, Tyler, 84 Cryptonomicon (Stephenson), 128–29 “Crystalline Structure of Legal Thought, The” (Balkin), 60–61 Curiosity (Ball), 87–88 Dabbler badge, 144–45 dark code, 21–22 Darwin, Charles, 115, 221, 227 Daston, Lorraine, 140–41 data scientists, 143 datasets, massive, 81–82, 104–5, 143 debugging, 103–4 Deep Blue, 84 diffusion-limited aggregation (DLA), 134–35 digital mapping systems, 5, 49, 51 Dijkstra, Edsger, 3, 50–51, 155 “Divers Instances of Peculiarities of Nature, Both in Men and Brutes” (Fairfax), 111–12 diversity, 113–14, 115 see also complexity, complex systems DNA, see genomes Doyle, John, 222 Dreyfus, Hubert, 173 dwarfism, 120 Dyson, Freeman, on unity vs. diversity, 114 Dyson, George, 110 Economist, 41 edge cases, 53–62, 65, 116, 128, 141, 201, 205, 207 unexpected behavior and, 99–100 see also outliers Einstein, Albert, 114 Eisen, Michael, 61 email, evolution of, 32–33 emergence, in complex systems, 27 encryption software, bugs in, 97–98 Enlightenment, 23 Entanglement, Age of, 23–29, 71, 92, 96, 97, 165, 173, 175, 176 symptoms of, 100–102 Environmental Protection Agency, 41 evolution: aesthetics and, 119 of biological systems, 117–20, 122 of genomes, 118, 156 of technological complexity, 127, 137–38 evolutionary computation, 82–84, 213 exceptions, see edge cases; outliers Facebook, 98, 189 failure, cost of, 48–50 Fairfax, Nathanael, 111–12, 113, 140 fear, as response to technological complexity, 5, 7, 154–55, 156, 165 Federal Aviation Administration (FAA), Y2K bug and, 37 feedback, 14–15, 79, 135 Felsenstein, Lee, 21 Fermi, Enrico, 109 Feynman, Richard, 9, 11 field biologists, 122 for complex technologies, 123, 126, 127, 132 financial sector: interaction in, 126 interconnectivity of, 62, 64 see also stock market systems Firthian linguistics, 206 Flash Crash (2010), 25 Fleming, Alexander, 124 Flood, Mark, 61, 85 Foote, Brian, 201 Fortran, 39 fractals, 60, 61, 136 Frederick the Great, king of Prussia, 89 fruit flies, 109–10 “Funes the Memorious” (Borges), 76–77, 131 Galaga, bug in, 95–96, 97, 216–17 Gall, John, 157–58, 167, 227 game theory, 210 garden path sentences, 74–75 generalists, 93 combination of physics and biological thinking in, 142–43, 146 education of, 144, 145 explosion of knowledge and, 142–49 specialists and, 146 as T-shaped individuals, 143–44, 146 see also Renaissance man generalization, in biological thinking, 131–32 genomes, 109, 128 accretion in, 156 evolution of, 118, 156 legacy code (junk) in, 118, 119–20, 222 mutations in, 120 RNAi and, 123–24 Gibson, William, 176 Gingold, Chaim, 162–63 Girl Scouts, 144–45 glitches, see unexpected behavior Gmail, crash of, 103 Gödel, Kurt, 175 “good enough,” 27, 42, 118, 119 Goodenough, Oliver, 61, 85 Google, 32, 59, 98, 104–5 data centers of, 81–82, 103, 189 Google Docs, 32 Google Maps, 205 Google Translate, 57 GOTO command, 44–45, 81 grammar, 54, 57–58 gravitation, Newton’s law of, 113 greeblies, 130–31 Greek philosophy, 138–40, 151 Gresham College, 89 Guide of the Perplexed, The (Maimonides), 151 Haldane, J.
Big Mistakes: The Best Investors and Their Worst Investments by Michael Batnick
activist fund / activist shareholder / activist investor, Airbnb, Albert Einstein, AOL-Time Warner, asset allocation, Bear Stearns, behavioural economics, bitcoin, Bretton Woods, buy and hold, buy low sell high, Carl Icahn, cognitive bias, cognitive dissonance, Credit Default Swap, cryptocurrency, Daniel Kahneman / Amos Tversky, endowment effect, financial engineering, financial innovation, fixed income, global macro, hindsight bias, index fund, initial coin offering, invention of the wheel, Isaac Newton, Jim Simons, John Bogle, John Meriwether, Kickstarter, Long Term Capital Management, loss aversion, low interest rates, Market Wizards by Jack D. Schwager, mega-rich, merger arbitrage, multilevel marketing, Myron Scholes, Paul Samuelson, Pershing Square Capital Management, quantitative easing, Reminiscences of a Stock Operator, Renaissance Technologies, Richard Thaler, Robert Shiller, short squeeze, Snapchat, Stephen Hawking, Steve Jobs, Steve Wozniak, stocks for the long run, subprime mortgage crisis, transcontinental railway, two and twenty, value at risk, Vanguard fund, Y Combinator
“I'm going to hold onto this fund that's done horribly because I can't stand the thought of selling at the bottom,” and it can compel us to do something because we don't want to regret not doing it: “I'm going to buy this ICO (initial coin offering) because I won't be able to live with myself if I miss the next Bitcoin.” You know Steve Jobs and his early partner Steve Wozniak, but the name Ronald Wayne likely means nothing to you. Wayne was the third founder of Apple, but the reason his name is erased from the history books is because in 1976 he sold his 10% stake in the company for $800.4 Apple is currently worth north of $900 billion! You're never going to experience anything quite this painful, but the odds are high that at some point in time, you'll pass on an investment that goes on to deliver fantastic results.
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The same idea holds true in finance – Serotonin plus adrenaline plus different time horizons times a few million participants equals literally nobody knows. Let's pretend that we knew with complete certainty that Apple's earnings will grow by 8% a year for the next decade. Would this give you the confidence to buy its stock? It shouldn't, and here's why. How fast is the overall market growing and how fast are investors expecting Apple to grow? Even if we have clairvoyance on the most important driver of long‐term returns, earnings, it wouldn't be enough to ensure success. The missing ingredient, which cannot be modeled by all the PhDs in the world, is investor's moods and expectations.
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Berkshire is in that rare group of stocks that is responsible for the majority of the market's long‐term gains. The distribution of total stock market returns is heavily skewed toward these giant winners. The top 1,000 stocks alone, or less than 4% of the total public companies since 1926, have accounted for all of the market's gains. Exxon Mobil, Apple, Microsoft, General Electric, and IBM have each generated over half a trillion dollars in shareholder wealth.2 The hunt for these potentially life‐changing stocks motivates millions of market participants each day. But for every Berkshire Hathaway, there is a Sears Holdings, a GoPro for every IBM.
The Great Firewall of China by James Griffiths;
A Declaration of the Independence of Cyberspace, activist fund / activist shareholder / activist investor, Albert Einstein, anti-communist, bike sharing, bitcoin, Black Lives Matter, borderless world, call centre, Cambridge Analytica, Chelsea Manning, Citizen Lab, Deng Xiaoping, digital divide, digital rights, disinformation, don't be evil, Donald Trump, Edward Snowden, end-to-end encryption, Evgeny Morozov, fake news, gig economy, Great Leap Forward, high-speed rail, jimmy wales, John Gilmore, John Perry Barlow, Mark Zuckerberg, megacity, megaproject, microaggression, Mikhail Gorbachev, Mitch Kapor, mobile money, Occupy movement, pets.com, profit motive, QR code, race to the bottom, RAND corporation, ride hailing / ride sharing, Ronald Reagan, Silicon Valley, Silicon Valley startup, Skype, Snapchat, South China Sea, Steve Jobs, Stewart Brand, Stuxnet, technoutopianism, The future is already here, undersea cable, WikiLeaks, zero day
In the words of chief executive Eric Schmidt, perhaps the biggest proponent of the company’s China strategy, “We actually did an ‘evil scale’ and decided not to serve at all was worse evil.”4 Even years later, after everything fell apart, Page defended the decision: “Nobody actually believes this, but we very strongly made these decisions on what we thought were the best interests of humanity and the Chinese people.” The man Mountain View chose to help save China from life without Google was Taiwanese computer scientist Kaifu Lee. A cross between Steve Jobs and Dale Carnegie, he was such a popular public speaker that touts once sold tickets to one of his events in Beijing for $60 apiece.5 Lee would be a huge boost to Google’s brand in China, which had suffered due to the difficulties using the site caused by the Great Firewall. “I all but insist that we pull out all the stops and pursue him like wolves,” Google senior vice president Jonathan Rosenberg wrote in an email to his fellow executives.
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ISPs were forced to install a black box – the System of Operative Search Measures (SORM) – on their servers, which would allow FAPSI and the FSB to spy on users’ communications.40 SORM was the brainchild of a new FSB director and key Yeltsin ally, a hard-faced, balding former KGB agent who had spent most of the last years of the Soviet Union ensconced within East Germany: Vladimir Putin.41 Chapter 23 Plane crash China helps Russia bring Telegram to heel It was January 2012. Dressed all in black, with a hooded vest over a turtleneck, Pavel Durov looked like a cross between Steve Jobs and the playboy son of a Moscow oligarch. Handsome, with a pale, clean-shaven face and dark, short hair swept neatly to one side, he spoke English fluently, though with a thick Russian accent. Except for the occasional stammer, as he struggled to elucidate a complicated point in a foreign language, he looked suave and confident.
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Dozens of VPN apps and proxy services were also banned.52 Popular Google services, including Gmail, YouTube, Google Drive and the reCAPTCHA security tool, reported disruptions.53 One business owner estimated that he was losing over $32,000 a day due to the disruptions, while others predicted total losses to the economy could quickly reach $1 billion.54 Smart TVs, airline ticket sales, bike rentals, Bitcoin mining, online gaming and mobile wifi were among the many services reportedly affected by the mass IP blocking.55 Soon enough, there were signs the pressure was working. Early on in Telegram’s fight against the ban, Durov publicly thanked “Apple, Google, Amazon, Microsoft – for not taking part in political censorship”. However, although neither company linked their actions to Telegram, around the time Roskomnadzor began mass blocking their IP addresses, Google and Amazon announced that they would move to prevent domain fronting, where developers forward their traffic through the companies’ servers to get around state-level blocks.56 By using domain fronting, those attempting to bypass censorship made it so that, in order to completely block them, the authorities would have to block Google and Amazon too, generally too big a step for most countries to take.
Open: The Story of Human Progress by Johan Norberg
Abraham Maslow, additive manufacturing, affirmative action, Albert Einstein, anti-globalists, basic income, Berlin Wall, Bernie Sanders, Bletchley Park, Brexit referendum, British Empire, business cycle, business process, California gold rush, carbon tax, citizen journalism, classic study, Clayton Christensen, clean water, cognitive dissonance, collective bargaining, Corn Laws, coronavirus, COVID-19, creative destruction, crony capitalism, decarbonisation, deindustrialization, Deng Xiaoping, digital map, Donald Trump, Edward Jenner, fake news, Fall of the Berlin Wall, falling living standards, Filter Bubble, financial innovation, flying shuttle, Flynn Effect, Francis Fukuyama: the end of history, future of work, Galaxy Zoo, George Gilder, Gini coefficient, global pandemic, global supply chain, global village, green new deal, humanitarian revolution, illegal immigration, income per capita, Indoor air pollution, indoor plumbing, Intergovernmental Panel on Climate Change (IPCC), invisible hand, Isaac Newton, Islamic Golden Age, James Watt: steam engine, Jane Jacobs, Jeff Bezos, job automation, John von Neumann, joint-stock company, Joseph Schumpeter, Kickstarter, knowledge economy, labour mobility, Lao Tzu, liberal capitalism, manufacturing employment, mass immigration, negative emissions, Network effects, open borders, open economy, Pax Mongolica, place-making, profit motive, RAND corporation, regulatory arbitrage, rent control, Republic of Letters, road to serfdom, Ronald Reagan, Schrödinger's Cat, sharing economy, side project, Silicon Valley, Solyndra, spice trade, stem cell, Steve Bannon, Steve Jobs, Steve Wozniak, Steven Pinker, tacit knowledge, The Death and Life of Great American Cities, The Wealth of Nations by Adam Smith, Thomas L Friedman, too big to fail, trade liberalization, trade route, transatlantic slave trade, Tyler Cowen, Uber for X, ultimatum game, universal basic income, World Values Survey, Xiaogang Anhui farmers, zero-sum game
That is why we need open economies with permissionless innovation, so that the small groups who believe in something can use a great diversity of decentralized funding sources and test it on the consumer market, to see if it is in fact worthless, impossible and stupid, or if it turns out to be the next big thing. It allowed Steve Jobs and Steve Wozniak to assemble the Apple I in Job’s bedroom and garage in 1976, and sell the first copies to a small computer retailer and then start a company with the help of an angel investor. The Soviets also had their eccentrics in garages. In 1979, three employees of the Moscow Institute of Electronic Engineering used Western technologies to build their own home computer called the Micro-80.
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They also carry ideas and practices from one society to another, thereby inducing natives to adopt the transported ideas.12 Immigrants made up 24 per cent of bachelor’s degrees and 47 per cent of doctorates in the American science and engineering workforce in the 2000 Census, even though they only made up 12 per cent of the workforce.13 US data shows that around 40 per cent of Fortune 500 companies have been started by immigrants or children of immigrants, as have more than half of all ‘unicorns’ – start-ups valued at more than $1 billion. Immigrants are three times more likely than natives to file a patent or win a Nobel Prize or an Academy Award.14 The son of an Arab Muslim from Homs, Syria, who spent time in jail for pan-Arab activism, can go on to change the world of technology, as proven by Steve Jobs. And while this gives the impression that only highly skilled immigrants benefit the economy, low-skilled immigrants also contribute to the specialization that makes everybody more productive. Many take jobs that natives spurn, like picking vegetables or caring for the elderly. Some Americans might not have been able to start a company or win a Nobel Prize had it not been for the relief provided by a maid, cleaner or gardener who had migrated from another country.
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That was a reasonable assumption at the time. Atari was offered the Apple computer but said no. Wozniak asked Hewlett-Packard if they wanted it five times, and they turned it down five times. And in 1985 Wozniak himself thought they had oversold their product and that the ‘home computer may be going the way of video games, which are a dying fad’. The president of Apple, John Sculley, agreed: ‘People use computers in the home, of course, but for education and running a small business. There are not uses in the home itself.’32 Jobs was himself ousted from Apple, before he returned in 1997 to save the faltering company.
Hit Refresh: The Quest to Rediscover Microsoft's Soul and Imagine a Better Future for Everyone by Satya Nadella, Greg Shaw, Jill Tracie Nichols
3D printing, AlphaGo, Amazon Web Services, anti-globalists, artificial general intelligence, augmented reality, autonomous vehicles, basic income, Bretton Woods, business process, cashless society, charter city, cloud computing, complexity theory, computer age, computer vision, corporate social responsibility, crowdsourcing, data science, DeepMind, Deng Xiaoping, Donald Trump, Douglas Engelbart, driverless car, Edward Snowden, Elon Musk, en.wikipedia.org, equal pay for equal work, everywhere but in the productivity statistics, fault tolerance, fulfillment center, Gini coefficient, global supply chain, Google Glasses, Grace Hopper, growth hacking, hype cycle, industrial robot, Internet of things, Jeff Bezos, job automation, John Markoff, John von Neumann, knowledge worker, late capitalism, Mars Rover, Minecraft, Mother of all demos, Neal Stephenson, NP-complete, Oculus Rift, pattern recognition, place-making, Richard Feynman, Robert Gordon, Robert Solow, Ronald Reagan, Salesforce, Second Machine Age, self-driving car, side project, Silicon Valley, Skype, Snapchat, Snow Crash, special economic zone, speech recognition, Stephen Hawking, Steve Ballmer, Steve Jobs, subscription business, TED Talk, telepresence, telerobotics, The Rise and Fall of American Growth, The Soul of a New Machine, Tim Cook: Apple, trade liberalization, two-sided market, universal basic income, Wall-E, Watson beat the top human players on Jeopardy!, young professional, zero-sum game
For Microsoft that soul is about empowering people, and not just individuals, but also the institutions they build—enterprises like schools, hospitals, businesses, government agencies, and nonprofits. Steve Jobs understood what the soul of a company is. He once said that “design is the fundamental soul of a man-made creation that ends up expressing itself in successive outer layers of the product or service.” I agree. Apple will always remain true to its soul as long as its inner voice, its motivation, is about great design for consumer products. The soul of our company is different. I knew that Microsoft needed to regain its soul as the company that makes powerful technology accessible to everyone and every organization—democratizing technology.
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Believing that the iPhone used by one of the shooters might contain information that would illuminate just what had happened and thereby help prevent future attacks, the FBI filed suit to force Apple to unlock the phone. Apple pushed back. Tim Cook, Apple’s CEO, argued that his company could breach the phone’s security only by creating new software that would expose a so-called backdoor that anyone could then infiltrate. The FBI, in Apple’s view, was threatening data security by seeking to establish a precedent that the U.S. government could use to force any technology company to create software that would undermine the security of its products. Other technologists backed Apple’s position. Once again, Microsoft faced a difficult decision—one that weighed heavily on me personally.
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I don’t see it that way. When done right, partnering grows the pie for everyone—for customers, yes, but also for each of the partners. Ultimately the consensus was that this partnership with Apple would help to ensure Office’s value was available to everyone, and Apple was committing to make its iOS really show off the great things Office can do, which would further solidify Microsoft as the top developer for Apple. On launch day, Apple’s Senior Vice President for Worldwide Marketing, Phil Schiller, teased the audience as he set up the next demo at the iPad Pro launch. “We’ve been lucky to have some developers come in to work with us on professional productivity.
The Best Interface Is No Interface: The Simple Path to Brilliant Technology (Voices That Matter) by Golden Krishna
Airbnb, Bear Stearns, computer vision, crossover SUV, data science, en.wikipedia.org, fear of failure, impulse control, Inbox Zero, Internet Archive, Internet of things, Jeff Bezos, Jony Ive, Kickstarter, lock screen, Mark Zuckerberg, microdosing, new economy, Oculus Rift, off-the-grid, Paradox of Choice, pattern recognition, QR code, RFID, self-driving car, Silicon Valley, skeuomorphism, Skype, Snapchat, Steve Jobs, tech worker, technoutopianism, TED Talk, Tim Cook: Apple, Y Combinator, Y2K
Like the way a political bill for universal health care that could have a huge positive impact on the welfare of a country is washed down to meaninglessness by backroom deals, favors for campaign donors, and paranoia around Gallup polls . . . the same things happen in tech. Wonderful solutions, beautiful products, and revolutionary ideas die over the politics of egomaniacal vice presidents, half-witted Steve Jobs wannabes, and others who undeservingly have happened to stick around. Those who have gained enough clout at the local bar to fill a C-suite with stupidity, shortsightedness, and a desire for job security reinforced by no new ideas whatsoever. While there are great executives and visionary corporate presidents, sometimes smart people with amazing accomplishments are at the whim of leaders who have unwarranted power to make decisions distant from actual operations, and an ocean away from understanding real customers and what they need.
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1 John Pavlus, “A Tale of Two Newspaper Interfaces,” MIT Technology Review, March 13, 2013. http://www.technologyreview.com/view/512486/a-tale-of-two-newspaper-interfaces/ 2 Karis Hustad, ““Netflix Rolls Out Updated, Smarter TV Interface,” Christian Science Monitor, November 13, 2013. http://www.csmonitor.com/Innovation/2013/1113/Netflix-rolls-out-updated-smarter-TV-interface 3 “Apple TV: A Simpler Interface, Easier Access to Media Through the iCloud” Washington Post, March 8, 2012. http://www.washingtonpost.com/business/economy/apple-tv-a-simpler-interface-easier-access-to-media-through-icloud/2012/03/08/gIQARVivzR_story.html Chapter 2 Let’s Make an App 1 “Apple iPhone 3G ad - There’s An App For That (2009),” YouTube, Last accessed August 2014. https://www.youtube.com/watch?v=Mc-pV2YYOAs 2 Simon Hudson, Bumps for Boomers: Marketing Sport Tourism to the Aging Tourist, 2011, (Oxford: Goodfellow Publishers), p.14 3 Apple in 2009 started using the phrase, “There’s an app for that” in TV ads to show off the multitude of apps available for iOS devices through its popular App Store, which opened July 2008.
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Adam Lashinsky, “Amazon’s Jeff Bezos: The Ultimate Disrupter,” Fortune, November 16, 2012. http://fortune.com/2012/11/16/amazons-jeff-bezos-the-ultimate-disrupter/ 3 “Cook: It’s never been stronger. Innovation is so deeply embedded in Apple’s culture. The boldness, ambition, belief there aren’t limits, a desire to make the very best products in the world. It’s the strongest ever. It’s in the DNA of the company.” “Live Recap: Apple CEO Tim Cook Speaks at Goldman Conference,” Wall Street Journal - Digits, February 12, 2013. http://blogs.wsj.com/digits/2013/02/12/live-apple-ceo-tim-cook-speaks-at-goldman-conference/ 4 Jesse Solomon, “Google Worth More Than Exxon. Apple Next?” CNN, February 7, 2014. http://money.cnn.com/2014/02/07/investing/google-exxon-market-value/ 5 2012 Lobbying (Millions $) Google, 18.22 Exxon Mobil, 12.97 “Biggest Increases in Lobbying in U.S.,” Bloomberg, May 28, 2013. http://www.bloomberg.com/visual-data/best-and-worst/biggest-increases-in-lobbying-in-u-dot-s-companies 2014 April–June (Q2) Lobbying (Millions $) Google, 5.03 Exxon Mobil, 2.80 Pfizer, 1.60 Lauren Hepler, “Google Drops $5M on Q2 2014 Lobbying: Self-Driving Cars, Health, Tax, Immigration,” Silicon Valley Business Journal, July 28, 2014. http://www.bizjournals.com/sanjose/news/2014/07/28/self-driving-cars-health-tech-immigration-google.html 6 Ashlee Vance, “This Tech Bubble Is Different,” Businessweek, April 14, 2011. http://www.businessweek.com/magazine/content/11_17/b4225060960537.htm Chapter 5 Addiction UX 1 “A whopping 96 percent of Google’s $37.9 billion 2011 revenue came from advertising . . .”
NeuroTribes: The Legacy of Autism and the Future of Neurodiversity by Steve Silberman
Albert Einstein, animal electricity, Apollo 11, Asperger Syndrome, assortative mating, autism spectrum disorder, Bletchley Park, crowdsourcing, Douglas Engelbart, en.wikipedia.org, epigenetics, experimental subject, Golden Gate Park, Haight Ashbury, hydroponic farming, hypertext link, IBM and the Holocaust, index card, Isaac Newton, John Markoff, Kickstarter, language acquisition, Larry Wall, megacity, meta-analysis, Mother of all demos, Neil Armstrong, neurotypical, New Journalism, pattern recognition, placebo effect, scientific mainstream, side project, Silicon Valley, Simon Singh, Skype, slashdot, Stephen Hawking, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, sugar pill, the scientific method, twin studies, Tyler Cowen, union organizing, Whole Earth Catalog, women in the workforce, Yom Kippur War
More staid publications like Scientific American targeted scientists and inventors by running news blips from the U.S. Patent Office, but Gernsback pitched his magazine to a much broader readership of aspiring boy geniuses and weekend tinkerers. Its motto—“The Electrical Magazine for Everybody”—anticipated Apple’s populist tagline for the Macintosh, “Computing for the rest of us,” by eighty years. Like Steve Jobs, Gernsback didn’t just dominate markets; he invented them. With a curious amalgam of whiz-bang enthusiasm and mitteleuropäische sophistication, Modern Electrics embraced a wide range of innovations beyond amateur radio, featuring articles, editorials, and special issues on airships, electronic photography, radiotelegraphy, model railroading, and a proto-Internet scheme for “typewriting by wire.”
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His labs at MIT and Stanford were elaborate playgrounds for his extraordinary mind, as Cavendish’s estate on Clapham Common was for his own. They also became magnets for other scruffy geniuses who were equally committed to the vision of a world empowered by access to computing—including two young members of a group called the Homebrew Computer Club named Steve Jobs and Steve Wozniak, who would go on to become the founders of Apple. The culture of Silicon Valley began adapting to the presence of a high concentration of people with autistic traits even before the term Asperger’s syndrome was invented. In 1984, a therapist named Jean Hollands wrote a popular self-help book for women called The Silicon Syndrome about navigating what she called “high-tech relationships.”
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Over the course of ninety minutes, Engelbart set forth the fundamental elements of the modern digital age in a single seamless package: graphical user interfaces, multiple window displays, mouse-driven navigation, word processing, hypertext linking, videoconferencing, and real-time collaboration. The concepts in Engelbart’s presentation—refined by the work of Alan Kay and others at Xerox PARC—inspired Steve Jobs to build the Macintosh, the first personal computer (PC) designed for a mass market. Meanwhile, the counterculture of the Bay Area was also evolving, though technologically it was still stuck in the precomputer era, depending on classified ads in underground newspapers, bulletin boards, telephone switchboards, and the post office for community organizing.
The Triumph of Injustice: How the Rich Dodge Taxes and How to Make Them Pay by Emmanuel Saez, Gabriel Zucman
activist fund / activist shareholder / activist investor, Affordable Care Act / Obamacare, behavioural economics, Berlin Wall, book value, business cycle, carbon tax, Cass Sunstein, classic study, collective bargaining, Cornelius Vanderbilt, corporate governance, cross-border payments, Donald Trump, financial deregulation, government statistician, income inequality, income per capita, independent contractor, informal economy, intangible asset, Jeff Bezos, labor-force participation, Lyft, Mark Zuckerberg, market fundamentalism, Mont Pelerin Society, mortgage debt, mortgage tax deduction, new economy, offshore financial centre, oil shock, patent troll, profit maximization, purchasing power parity, race to the bottom, rent-seeking, ride hailing / ride sharing, Ronald Reagan, shareholder value, Silicon Valley, single-payer health, Skype, Steve Jobs, Tax Reform Act of 1986, The Wealth of Nations by Adam Smith, transfer pricing, trickle-down economics, uber lyft, very high income, We are the 99%
People rarely volunteer to become much poorer, even for such a noble cause as eschewing taxes. The changes in real behavior provoked by the tax code are generally quite limited. It’s unlikely that Steve Jobs would have invented another iMarvel if only his tax rate had been zero. Or that Mark Zuckerberg would have opted for a career in fine arts if the Internal Revenue Code had been penned differently. Yes, Apple does shift profits to Jersey, Facebook does create shell companies in the Cayman Islands, and a sprawling industry helps the wealthy slash their tax bills. But that’s tax avoidance, which flourishes in a light regulatory environment.
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This legal system was designed in the 1920s, quickly after the invention of the corporate tax, and has remained largely unchanged.5 It embraces the notion that any subsidiaries of a multinational firm should be treated as separate entities. Apple Ireland must be considered for tax purposes as a firm of its own, distinct from Apple USA. Any profit made by Apple Ireland must be taxed in Ireland, and any profit made by Apple USA must be taxed in the United States. The problem is simple: because the corporate tax rate in Ireland (12.5% according to the law, and in practice often much less) is lower than in the United States (21%, not including state corporate taxes), Apple is better off booking its profits in Ireland than in America, and the company has ample opportunities to do so.
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It has many advantages. To start with, it dramatically reduces the incentives for firms to dodge corporate taxes. Imagine that Apple, carefully advised by the Big Four, had avoided taxation entirely: in an integrated system, its wealthy shareholders would get no tax credits and would have to pay (in the above example) the full rate of 50% on their portion of Apple’s profits. Any tax paid by Apple would reduce the bill at the shareholder level dollar for dollar. You can bet that in such a world, Apple would be instructed to slash its tax-dodging budget. Another advantage of an integrated system is that it removes distortions.
The Zero Marginal Cost Society: The Internet of Things, the Collaborative Commons, and the Eclipse of Capitalism by Jeremy Rifkin
3D printing, active measures, additive manufacturing, Airbnb, autonomous vehicles, back-to-the-land, benefit corporation, big-box store, bike sharing, bioinformatics, bitcoin, business logic, business process, Chris Urmson, circular economy, clean tech, clean water, cloud computing, collaborative consumption, collaborative economy, commons-based peer production, Community Supported Agriculture, Computer Numeric Control, computer vision, crowdsourcing, demographic transition, distributed generation, DIY culture, driverless car, Eben Moglen, electricity market, en.wikipedia.org, Frederick Winslow Taylor, Free Software Foundation, Garrett Hardin, general purpose technology, global supply chain, global village, Hacker Conference 1984, Hacker Ethic, industrial robot, informal economy, information security, Intergovernmental Panel on Climate Change (IPCC), intermodal, Internet of things, invisible hand, Isaac Newton, James Watt: steam engine, job automation, John Elkington, John Markoff, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, Julian Assange, Kickstarter, knowledge worker, longitudinal study, low interest rates, machine translation, Mahatma Gandhi, manufacturing employment, Mark Zuckerberg, market design, mass immigration, means of production, meta-analysis, Michael Milken, mirror neurons, natural language processing, new economy, New Urbanism, nuclear winter, Occupy movement, off grid, off-the-grid, oil shale / tar sands, pattern recognition, peer-to-peer, peer-to-peer lending, personalized medicine, phenotype, planetary scale, price discrimination, profit motive, QR code, RAND corporation, randomized controlled trial, Ray Kurzweil, rewilding, RFID, Richard Stallman, risk/return, Robert Solow, Rochdale Principles, Ronald Coase, scientific management, search inside the book, self-driving car, shareholder value, sharing economy, Silicon Valley, Skype, smart cities, smart grid, smart meter, social web, software as a service, spectrum auction, Steve Jobs, Stewart Brand, the built environment, the Cathedral and the Bazaar, the long tail, The Nature of the Firm, The Structural Transformation of the Public Sphere, The Wealth of Nations by Adam Smith, The Wisdom of Crowds, Thomas Kuhn: the structure of scientific revolutions, Thomas L Friedman, too big to fail, Tragedy of the Commons, transaction costs, urban planning, vertical integration, warehouse automation, Watson beat the top human players on Jeopardy!, web application, Whole Earth Catalog, Whole Earth Review, WikiLeaks, working poor, Yochai Benkler, zero-sum game, Zipcar
After a brief but unsuccessful stint as an actor in early films in Hollywood in the late 1920s, my dad turned entrepreneur, a vocation that consumed the rest of his life. Not too surprising. In many ways, entrepreneurs are artists of the marketplace, continually in search of creative new commercial narratives that can capture an audience, tell a compelling story, and bring people into the universe they’ve invented—think Steve Jobs. Entrepreneurs from Thomas Edison to Sergey Brin and Larry Page have thrilled the multitudes with innovative inventions that have transformed their daily lives. My own father was one of the early pioneers in the plastics revolution. And, before the snickers, I will tell you that when Mr. McGuire turned to a young Ben in the film The Graduate and whispered just one word to him, “Plastics,” I shrank down in my chair in the movie theater, half amused and half embarrassed, thinking that was my dad whispering to me.
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In other words, it’s in an entrepreneur’s self-interest to be sensitive to the well-being of others if he wants to succeed. Henry Ford understood that and made it his life’s mission to provide a cheap, durable automobile that could put millions of working people behind the wheel and ease their lives. Steve Jobs understood this as well. Servicing the needs and aspirations of a highly mobile, globally connected human population by providing cutting-edge communication technologies was his all-consuming passion. It is this dual role of pursuing one’s entrepreneurial self-interest by promoting the welfare of others in the marketplace that has moved us ever closer to a near zero marginal cost society.
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Krishna Kant, “Challenges in Distributed Energy Adaptive Computing,” ACM SIGMETRICS Performance Evaluation Review 37(3) (January 2010): 3–7. 61. “Apple Facilities: Environment Footprint Report,” Apple, 2012, 8, http://images.apple.com /environment/reports/docs/Apple_Facilitates_Report_2013.pdf (accessed November 10, 2013). 62. “McGraw-Hill and NJR Clean Energy Ventures Announce Largest Solar Energy Site of Its Kind in the Western Hemisphere,” McGraw-Hill Financial, June 13, 2011, http://investor.mcgraw -hill.com/phoenix.zhtml?c=96562&p=RssLanding&cat=news&id=1573196 (accessed October 25, 2013). 63. “Apple Facilities Environment Footprint Report,” 7. 64. Nick Goldman, Paul Bertone, Siyuan Chen, Christophe Dessimoz, Emily M.
Naked Economics: Undressing the Dismal Science (Fully Revised and Updated) by Charles Wheelan
affirmative action, Alan Greenspan, Albert Einstein, Andrei Shleifer, barriers to entry, Bear Stearns, behavioural economics, Berlin Wall, Bernie Madoff, Boeing 747, Bretton Woods, business cycle, buy and hold, capital controls, carbon tax, Cass Sunstein, central bank independence, classic study, clean water, collapse of Lehman Brothers, congestion charging, creative destruction, Credit Default Swap, crony capitalism, currency manipulation / currency intervention, currency risk, Daniel Kahneman / Amos Tversky, David Brooks, demographic transition, diversified portfolio, Doha Development Round, Exxon Valdez, financial innovation, fixed income, floating exchange rates, George Akerlof, Gini coefficient, Gordon Gekko, Great Leap Forward, greed is good, happiness index / gross national happiness, Hernando de Soto, income inequality, index fund, interest rate swap, invisible hand, job automation, John Markoff, Joseph Schumpeter, junk bonds, Kenneth Rogoff, libertarian paternalism, low interest rates, low skilled workers, Malacca Straits, managed futures, market bubble, microcredit, money market fund, money: store of value / unit of account / medium of exchange, Network effects, new economy, open economy, presumed consent, price discrimination, price stability, principal–agent problem, profit maximization, profit motive, purchasing power parity, race to the bottom, RAND corporation, random walk, rent control, Richard Thaler, rising living standards, Robert Gordon, Robert Shiller, Robert Solow, Ronald Coase, Ronald Reagan, Sam Peltzman, school vouchers, seminal paper, Silicon Valley, Silicon Valley startup, South China Sea, Steve Jobs, tech worker, The Market for Lemons, the rule of 72, The Wealth of Nations by Adam Smith, Thomas L Friedman, Thomas Malthus, transaction costs, transcontinental railway, trickle-down economics, urban sprawl, Washington Consensus, Yogi Berra, young professional, zero-sum game
It is what you would be left with if someone stripped away all of your assets—your job, your money, your home, your possessions—and left you on a street corner with only the clothes on your back. How would Bill Gates fare in such a situation? Very well. Even if his wealth were confiscated, other companies would snap him up as a consultant, a board member, a CEO, a motivational speaker. (When Steve Jobs was fired from Apple, the company that he founded, he turned around and founded Pixar; only later did Apple invite him back.) How would Tiger Woods do? Just fine. If someone lent him golf clubs, he could be winning a tournament by the weekend. How would Bubba, who dropped out of school in tenth grade and has a methamphetamine addiction, fare? Not so well.
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The latter describes a bigger economic pie; the former would be a smaller pie more evenly divided. Economics does not provide the tools for answering philosophical questions related to income distribution. For example, economists cannot prove that taking a dollar forcibly from Steve Jobs and giving it to a starving child would improve overall social welfare. Most people intuitively believe that to be so, but it is theoretically possible that Steve Jobs would lose more utility from having the dollar taken from him than the starving child would gain. This is an extreme example of a more general problem: We measure our well-being in terms of utility, which is a theoretical concept, not a measurement tool that can be quantified, compared among individuals, or aggregated for the nation.
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Instead, American farmers have become so productive that we need far fewer of them to feed ourselves. The individuals who would have been farming ninety years ago are now fixing our cars, designing computer games, playing professional football, etc. Just imagine our collective loss of utility if Steve Jobs, Steven Spielberg, and Oprah Winfrey were corn farmers. Creative destruction is a tremendous positive force in the long run. The bad news is that people don’t pay their bills in the long run. The folks at the mortgage company can be real sticklers about getting that check every month. When a plant closes or an industry is wiped out by competition, it can be years or even an entire generation before the affected workers and communities recover.
The Despot's Accomplice: How the West Is Aiding and Abetting the Decline of Democracy by Brian Klaas
Asian financial crisis, Ayatollah Khomeini, Berlin Wall, Boris Johnson, citizen journalism, clean water, crowdsourcing, cuban missile crisis, Deng Xiaoping, disinformation, Dissolution of the Soviet Union, Donald Trump, eurozone crisis, failed state, financial independence, Francis Fukuyama: the end of history, friendly fire, global pandemic, Great Leap Forward, moral hazard, Ronald Reagan, selection bias, Seymour Hersh, Skype, Steve Jobs, trade route, Transnistria, Twitter Arab Spring, unemployed young men, Washington Consensus, zero-sum game
In one particularly out-of-touch moment, József Szájer—one of Orbán’s close friends—boasted in a blog post that he was enjoying writing the entire constitution himself, on his personal iPad: “Steve Jobs will surely be happy when he gets word that Hungary’s new constitution is being written on an iPad, actually my iPad.” And then, without further reflection on the fact that some people might find it deeply troubling that a single politician from the ruling party could personally draft the whole constitution, Szájer went on to sing his iPad’s praises: “The best is I don’t have to wait for minutes to turn it on, like with a normal laptop. I can open it anywhere and can take advantage of every minute. It’s a miracle! … Thanx (sic) Steve Jobs!”9 This bizarre post was published on 1 March 2011, just a day before Steve Jobs unveiled the thinner, faster iPad 2.Yet another miracle from Cupertino, California, this time enlisted to erode democracy in Budapest faster than would have been possible with a laptop. â•… For the opposition, the new constitution was anything but a miracle.
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9 This bizarre post was published on 1 March 2011, just a day before Steve Jobs unveiled the thinner, faster iPad 2.Yet another miracle from Cupertino, California, this time enlisted to erode democracy in Budapest faster than would have been possible with a laptop. â•… For the opposition, the new constitution was anything but a miracle. They boycotted the drafting process and the vote approving it. But they were powerless to stop it. Since then, Fidesz has weakened media independence, cowed the judiciary, and passed skewed electoral “reform” aimed at maintaining its political dominance even if the votes don’t warrant it.
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With the new app, it was argued, Iranian “citizen journalists” could directly upload their photos and videos to a server so that abuses could be easily documented and beamed around the world. It was a well-intentioned idea. â•… There were several problems. First, due to sanctions championed by the United States itself, it was illegal for Apple to sell its iPhones in Iran. Second, the App Store—necessary to buy and download apps— therefore didn’t exist in Iran. Third, at the time, the only mobile carrier of iPhones worldwide was AT&T—which didn’t operate in Iran. Even if an Iranian “citizen journalist” had managed to smuggle an iPhone into the country and unlock it for use on alternative data networks, there were none in Iran at the time that would have supported iPhone data transmission.
Effective Programming: More Than Writing Code by Jeff Atwood
AltaVista, Amazon Web Services, barriers to entry, cloud computing, endowment effect, fail fast, Firefox, fizzbuzz, Ford Model T, future of work, game design, gamification, Google Chrome, gravity well, Hacker News, job satisfaction, Khan Academy, Kickstarter, loss aversion, Marc Andreessen, Mark Zuckerberg, Merlin Mann, Minecraft, Paul Buchheit, Paul Graham, price anchoring, race to the bottom, recommendation engine, science of happiness, Skype, social software, Steve Jobs, systems thinking, TED Talk, Tragedy of the Commons, web application, Y Combinator, zero-sum game
As Startup.com and Code Rush illustrate, the hard part is figuring out why you are working all those long hours. Consider carefully, lest the arc of your career mirror that of so many failed tech bubble companies: lived fast, died young, left a tired corpse. Tom Foremski@tomforemski “On his deathbed, did Steve Jobs regret all the time he spent at the office?” 8:45 PM – 5 Oct 11 * * * Become a Hyperink reader. Get a special surprise. Like the book? Support our author and leave a comment! About The Author Jeff AtwoodI'm Jeff Atwood. I live in Berkeley, CA with my wife, two cats, one three children, and a whole lot of computers.
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But Will found the opposite. Invariably, groups that had the bad apple would perform worse. And this despite the fact that people were in some groups that were very talented, very smart, very likeable. Felps found that the bad apple’s behavior had a profound effect — groups with bad apples performed 30 to 40 percent worse than other groups. On teams with the bad apple, people would argue and fight, they didn’t share relevant information, they communicated less. Even worse, other team members began to take on the bad apple’s characteristics. When the bad apple was a jerk, other team members would begin acting like jerks.
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Ira Glass, the host of This American Life, found Felps’ results so striking that he began to question his own teamwork: I’ve really been struck at how common bad apples are. Truthfully, I’ve been kind of haunted by my conversation with Will Felps. Hearing about his research, you realize just how easy it is to poison any group [...] each of us have had moments this week where we wonder if we, unwittingly, have become the bad apples in our group. As always, self-awareness is the first step. If you can’t tell who the bad apple is in your group, it might be you. Consider your own behavior on your own team — are you slipping into any of these negative bad apple behavior patterns, even in a small way? But there was a solitary glimmer of hope in the study, one particular group that bucked the trend: There was one group that performed really well, despite the bad apple.
The Rise of the Network Society by Manuel Castells
air traffic controllers' union, Alan Greenspan, Apple II, Asian financial crisis, barriers to entry, Big bang: deregulation of the City of London, Bob Noyce, borderless world, British Empire, business cycle, capital controls, classic study, complexity theory, computer age, Computer Lib, computerized trading, content marketing, creative destruction, Credit Default Swap, declining real wages, deindustrialization, delayed gratification, dematerialisation, deskilling, digital capitalism, digital divide, disintermediation, double helix, Douglas Engelbart, Douglas Engelbart, edge city, experimental subject, export processing zone, Fairchild Semiconductor, financial deregulation, financial independence, floating exchange rates, future of work, gentrification, global village, Gunnar Myrdal, Hacker Ethic, hiring and firing, Howard Rheingold, illegal immigration, income inequality, independent contractor, Induced demand, industrial robot, informal economy, information retrieval, intermodal, invention of the steam engine, invention of the telephone, inventory management, Ivan Sutherland, James Watt: steam engine, job automation, job-hopping, John Markoff, John Perry Barlow, Kanban, knowledge economy, knowledge worker, labor-force participation, laissez-faire capitalism, Leonard Kleinrock, longitudinal study, low skilled workers, manufacturing employment, Marc Andreessen, Marshall McLuhan, means of production, megacity, Menlo Park, military-industrial complex, moral panic, new economy, New Urbanism, offshore financial centre, oil shock, open economy, packet switching, Pearl River Delta, peer-to-peer, planetary scale, popular capitalism, popular electronics, post-Fordism, post-industrial society, Post-Keynesian economics, postindustrial economy, prediction markets, Productivity paradox, profit maximization, purchasing power parity, RAND corporation, Recombinant DNA, Robert Gordon, Robert Metcalfe, Robert Solow, seminal paper, Shenzhen special economic zone , Shoshana Zuboff, Silicon Valley, Silicon Valley startup, social software, South China Sea, South of Market, San Francisco, special economic zone, spinning jenny, statistical model, Steve Jobs, Steve Wozniak, Strategic Defense Initiative, tacit knowledge, technological determinism, Ted Nelson, the built environment, the medium is the message, the new new thing, The Wealth of Nations by Adam Smith, Thomas Kuhn: the structure of scientific revolutions, total factor productivity, trade liberalization, transaction costs, urban renewal, urban sprawl, vertical integration, work culture , zero-sum game
One such gathering was the Home Brew Computer Club, whose young visionaries (including Bill Gates, Steve Jobs, and Steve Wozniak) would go on to create in the following years up to 22 companies, including Microsoft, Apple, Comenco, and North Star. It was the club’s reading, in Popular Electronics, of an article reporting Ed Roberts’s Altair machine which inspired Wozniak to design a microcomputer, Apple I, in his Menlo Park garage in the summer of 1976. Steve Jobs saw the potential, and together they founded Apple, with a $91,000 loan from an Intel executive, Mike Markkula, who came in as a partner. At about the same time Bill Gates founded Microsoft to provide the operating system for microcomputers, although he located his company in 1978 in Seattle to take advantage of the social contacts of his family.
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The machine was a primitive object, but it was built as a small-scale computer around a microprocessor. It was the basis for the design of Apple I, then of Apple II, the first commercially successful micro-computer, realized in the garage of their parents’ home by two young school drop-outs, Steve Wozniak and Steve Jobs, in Menlo Park, Silicon Valley, in a truly extraordinary saga that has by now become the founding legend of the Information Age. Launched in 1976, with three partners and $91,000 capital, Apple Computers had by 1982 reached $583 million in sales, ushering in the age of diffusion of computer power. IBM reacted quickly: in 1981 it introduced its own version of the microcomputer, with a brilliant name: the Personal Computer (PC), which became in fact the generic name for microcomputers.
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But a few indications seem to point to the fact that they were intentionally trying to undo the centralizing technologies of the corporate world, both out of conviction and as their market niche. As evidence, I recall the famous Apple Computer 1984 advertising spot to launch Macintosh, in explicit opposition to Big Brother IBM of Orwellian mythology. As for the countercultural character of many of these innovators, I shall also refer to the life story of the genius developer of the personal computer, Steve Wozniak: after quitting Apple, bored by its transformation into another multinational corporation, he spent a fortune for a few years subsidizing rock groups that he liked, before creating another company to develop technologies of his taste.
Safe Haven: Investing for Financial Storms by Mark Spitznagel
Albert Einstein, Antoine Gombaud: Chevalier de Méré, asset allocation, behavioural economics, bitcoin, Black Swan, blockchain, book value, Brownian motion, Buckminster Fuller, cognitive dissonance, commodity trading advisor, cryptocurrency, Daniel Kahneman / Amos Tversky, data science, delayed gratification, diversification, diversified portfolio, Edward Thorp, fiat currency, financial engineering, Fractional reserve banking, global macro, Henri Poincaré, hindsight bias, Long Term Capital Management, Mark Spitznagel, Paul Samuelson, phenotype, probability theory / Blaise Pascal / Pierre de Fermat, quantitative trading / quantitative finance, random walk, rent-seeking, Richard Feynman, risk free rate, risk-adjusted returns, Schrödinger's Cat, Sharpe ratio, spice trade, Steve Jobs, tail risk, the scientific method, transaction costs, value at risk, yield curve, zero-sum game
I do not expect for one moment that my approach will ever become another cookie‐cutter, rubber‐stamped strategy of the investment consultant herd. And that's important. Becoming conventional is self‐defeating in this business. It's the kiss of death. We take the road less traveled by, and that has made all the difference. I have often exclaimed to my team at Universa, plundering the words of Steve Jobs, “We are pirates! Not the Navy!” (Mine are the smartest, savviest, and most experienced Great Pirates in the derivatives world.) WHAT'S A SAFE HAVEN? Everyone has some intuitive understanding about what a safe haven is and why we would invest in one. Most likely, it would go something like “a place of refuge for when things go bad” or, more specifically, “an asset that provides safety from risk.”
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We have set each safe haven's allocation size so that each risk‐mitigated portfolio has the same improved precision for its range of possible outcomes—for an apples‐to‐apples comparison. Then we can see the differences in their 50thpercentile CAGRs, or their accuracy, to determine which is the William Tell shot. The difference in CAGRs among the different risk‐mitigated portfolios thus appear as visible explicit costs rather than as hidden implicit costs because we are tracking the compound growth of each entire portfolio—sized for the same risk—against one another. Without this apples‐to‐apples comparison, the implicit costs from the higher allocations to the store‐of‐value and the alpha safe havens (when compared to instead allocating that to the SPX) would be exceedingly difficult to see relative to the conspicuous explicit costs of the insurance payoff most of the time; both costs are equally economically relevant.
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This concept is inspired by the circular “pull yourself up by your bootstraps” (just as the fictitious Baron Munchausen claimed to have pulled himself out of a swamp by his own hair)—appropriately named because we are circularly sampling (or rolling our d120 die) from yet another sample (or the past 120 annual returns in the SPX). We can roll this die for both the SPX portfolio on its own and for the SPX‐plus‐safe‐haven risk‐mitigated portfolios. Then we can calculate the geometric average return (or median CAGR) for each, and thus we will have an apples‐to‐apples risk‐mitigation scoreboard for our competing portfolios. Notice that this bootstrap allows us to run and observe many paths using different risk‐mitigation strategies exactly the same way that we played many games against our demons—though now with a less understood and many‐more‐sided SPX‐die rather than with a perfectly understood six‐sided standard die.
Slack: Getting Past Burnout, Busywork, and the Myth of Total Efficiency by Tom Demarco
Brownian motion, delayed gratification, Frederick Winslow Taylor, interchangeable parts, knowledge worker, new economy, risk tolerance, scientific management, Silicon Valley, Silicon Valley startup, Steve Jobs, The Soul of a New Machine, Yogi Berra
If the product you choose is a winner, the power will come back, but in the interim, you’ve lost. This unfortunate quality/quantity dynamic was at work at Apple Computer under Michael Spindler. The company proliferated products as fast as it could. The consumer was confronted by a baffling array of model numbers and variants. Each one represented a successful little power center within the company. But the company as a whole was going down the tubes. When Steve Jobs arrived back on the scene, he turned the dynamic around and focused all available resources on a much-reduced iMac product set. Quality Reduction Programs Quality takes time and reduces quantity, so it makes you, in a sense, less efficient.
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Most of this is little more than lip service. Paying lip service to quality doesn’t necessarily make it better. Quality in this sense is a lot like apple pie and motherhood. The United States and other Western cultures have spent the last fifty years extolling the virtues and talking up the importance of apple pie and motherhood, and yet during this same period both apple pie and motherhood have suffered a precipitous decline in their fortunes. The store-bought, packaged, plastic apple pie we eat today would make our grandmothers cringe. And motherhood, particularly in the ghettos and poor suburban neighborhoods, has become, for many, more of a curse than a blessing.
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One tempting answer is to convey its great success by showing everyone who works there to be immensely busy all the time. After all, you might reason, how would the company have become so successful if its people weren’t putting in substantial extra effort? My own experience consulting inside some highly successful companies (Microsoft, Apple, Hewlett-Packard, IBM, Dupont, to name a few) cannot corroborate a relationship between busyness and success. Very successful companies have never struck me as particularly busy; in fact, they are, as a group, rather laid-back. Energy is evident in the workplace, but it’s not the energy tinged with fear that comes from being slightly behind on everything.
I See You Made an Effort: Compliments, Indignities, and Survival Stories From the Edge of 50 by Annabelle Gurwitch
Alan Greenspan, Large Hadron Collider, McMansion, multilevel marketing, Saturday Night Live, Steve Jobs, urban planning, zero-sum game
It seemed impossible that “Cut out spicy foods and wine” had progressed to “Get your affairs in order” by springtime, but it had. In my twenties, all cancers sounded the same to me, but I’m old enough to know that pancreatic is one of those no-one-gets-out-of-here-alive cancers. I voraciously consume the obits, tallying what takes out whom, at what speed and what the symptoms are, and I know that if Steve Jobs couldn’t beat this one, nobody can. Every time I pick up the phone, someone’s having a health crisis. In the past, when friends have died it’s seemed like the exception, not the rule, but now all bets are off. There was the cruel swiftness with which AIDS dispatched my gay friends in the eighties and then there was Fernando’s overdose at thirty-nine; the actress who was murdered, leaving her young daughter motherless; the neighbor who’d dropped dead from a brain aneurysm on his daily run.
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“What do you do if someone forgets her iTunes password?” AuDum helps him out and I compliment him by noting that some Geniuses seem more gifted than others. He tells me that he was certified at the thirty-two-acre Apple campus, located at 1 Infinite Loop in Cupertino, California. The hotels are owned by Apple, the blankets have an Apple stamp, and would-be Geniuses eat on plates stamped with the Apple logo in Apple-owned cafés and are regularly whisked past restricted areas where classified research takes place. In fact, he will return for further training soon. “Ooh,” I tease him excitedly. “You could be a spy, pretending you’re there to train, but you’re really sneaking in to collect intel for Intel.
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I was appalled—camp had been my annual refuge from my parents—but I couldn’t help myself, I checked the site every single night during the entire two weeks he attended. Some days I checked it twice. *Word on the street is Apple wants to hire more women, but go to your local store, and you’ll notice that the majority of the Geniuses are male. *The Apple Time Capsule, or Time Machine, is the most technically advanced and popular external hard-drive gadget Apple has on the market. I bought it because I liked the name. *I would try to come up with one memorable code but not: 123456, 12345678, or Password, Pussy, or Baseball. A successful hack of millions of Yahoo accounts on July 12, 2012, revealed that’s what the majority of people use as passwords.
The Art of Execution: How the World's Best Investors Get It Wrong and Still Make Millions by Lee Freeman-Shor
Alan Greenspan, behavioural economics, Black Swan, buy and hold, Carl Icahn, cognitive bias, collapse of Lehman Brothers, credit crunch, Daniel Kahneman / Amos Tversky, diversified portfolio, family office, I think there is a world market for maybe five computers, index fund, Isaac Newton, Jeff Bezos, Long Term Capital Management, loss aversion, Market Wizards by Jack D. Schwager, Pershing Square Capital Management, Richard Thaler, Robert Shiller, rolodex, Skype, South Sea Bubble, Stanford marshmallow experiment, Steve Jobs, technology bubble, The Wisdom of Crowds, too big to fail, tulip mania, world market for maybe five computers, zero-sum game
My research showed that the best investors all benefited from holding a few massive winners. Strip out these big winners and their returns would be distinctly average. The reason Steve Jobs became one of the richest men in the world is because he held onto his investment in his company. Could you have held onto shares in Apple from 1984 when they were $3 a share, to 2012 when they were $700? Would you have been able to take a few bites out of Apple – but not eat it all? I am not saying you need to be invested for three decades to become rich, but you do need a process that allows you to embrace big winners.
The Wisdom of Finance: Discovering Humanity in the World of Risk and Return by Mihir Desai
activist fund / activist shareholder / activist investor, Albert Einstein, Andrei Shleifer, AOL-Time Warner, assortative mating, Benoit Mandelbrot, book value, Brownian motion, capital asset pricing model, Carl Icahn, carried interest, Charles Lindbergh, collective bargaining, corporate governance, corporate raider, discounted cash flows, diversified portfolio, Eugene Fama: efficient market hypothesis, financial engineering, financial innovation, follow your passion, George Akerlof, Gordon Gekko, greed is good, housing crisis, income inequality, information asymmetry, Isaac Newton, Jony Ive, Kenneth Rogoff, longitudinal study, Louis Bachelier, low interest rates, Monty Hall problem, moral hazard, Myron Scholes, new economy, out of africa, Paul Samuelson, Pierre-Simon Laplace, principal–agent problem, Ralph Waldo Emerson, random walk, risk/return, Robert Shiller, Ronald Coase, short squeeze, Silicon Valley, Steve Jobs, Thales and the olive presses, Thales of Miletus, The Market for Lemons, The Nature of the Firm, The Wealth of Nations by Adam Smith, Tim Cook: Apple, tontine, transaction costs, vertical integration, zero-sum game
Oh, and those pension funds, which are the principals of those investors, are actually our agents, as savers and retirees. In short, capital markets begin to look like a daisy chain of principal-agent contracts, each with significant problems and conflicts. Let’s return to Apple. In 2013, Tim Cook faced a revolt triggered by the actions of David Einhorn of Greenlight Capital, who wanted Cook to start releasing all the cash that was building up inside of Apple. Cook, and Steve Jobs before him, had resisted calls to release that cash. Einhorn was the principal telling his agent, Tim Cook, to return that cash to shareholders. But Einhorn is himself the agent of state pension funds that have delegated to him the job of generating returns.
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As just one example of this, the largest individual owner of Apple is CEO Tim Cook, but he owns only 0.02 percent of the company. Even the largest mutual fund owner of Apple owns less than 10 percent of the company. There are millions of investors in Apple who have decided to delegate the job of running Apple to managers—and these investors expect the managers to pursue what is in the best interest of the investors in Apple. For financial economists, this transition to companies with diffuse owners who delegate authority to professional managers is akin to Adam biting the apple in the Garden of Eden—it represents the end of innocence and the beginning of the modern world.
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“Tootsie’s Secret Empire: A CEO in His 90s Helms an Attractive Takeover Target. So What’s Next? No One Really Knows.” Wall Street Journal, August 22, 2012; and Best, Dean. “Tootsie Roll CEO Melvin Gordon Dies at 95.” Just-Food Global News (Bromsgrove), January 22, 2015. On the developments at Apple, see Desai, Mihir A., and Elizabeth A. Meyer. “Financial Policy at Apple, 2013 (A).” Harvard Business School Case 214-085, June 2014. On the literature on stock price reactions to CEO deaths, see Johnson, Bruce W., Robert Magee, Nandu Nagarajan, and Harry Newman. “An Analysis of the Stock Price Reaction to Sudden Executive Deaths: Implications for the Management Labor Market.”
The People vs Tech: How the Internet Is Killing Democracy (And How We Save It) by Jamie Bartlett
Ada Lovelace, Airbnb, AlphaGo, Amazon Mechanical Turk, Andrew Keen, autonomous vehicles, barriers to entry, basic income, Bernie Sanders, Big Tech, bitcoin, Black Lives Matter, blockchain, Boris Johnson, Californian Ideology, Cambridge Analytica, central bank independence, Chelsea Manning, cloud computing, computer vision, creative destruction, cryptocurrency, Daniel Kahneman / Amos Tversky, data science, deep learning, DeepMind, disinformation, Dominic Cummings, Donald Trump, driverless car, Edward Snowden, Elon Musk, Evgeny Morozov, fake news, Filter Bubble, future of work, general purpose technology, gig economy, global village, Google bus, Hans Moravec, hive mind, Howard Rheingold, information retrieval, initial coin offering, Internet of things, Jeff Bezos, Jeremy Corbyn, job automation, John Gilmore, John Maynard Keynes: technological unemployment, John Perry Barlow, Julian Assange, manufacturing employment, Mark Zuckerberg, Marshall McLuhan, Menlo Park, meta-analysis, mittelstand, move fast and break things, Network effects, Nicholas Carr, Nick Bostrom, off grid, Panopticon Jeremy Bentham, payday loans, Peter Thiel, post-truth, prediction markets, QR code, ransomware, Ray Kurzweil, recommendation engine, Renaissance Technologies, ride hailing / ride sharing, Robert Mercer, Ross Ulbricht, Sam Altman, Satoshi Nakamoto, Second Machine Age, sharing economy, Silicon Valley, Silicon Valley billionaire, Silicon Valley ideology, Silicon Valley startup, smart cities, smart contracts, smart meter, Snapchat, Stanford prison experiment, Steve Bannon, Steve Jobs, Steven Levy, strong AI, surveillance capitalism, TaskRabbit, tech worker, technological singularity, technoutopianism, Ted Kaczynski, TED Talk, the long tail, the medium is the message, the scientific method, The Spirit Level, The Wealth of Nations by Adam Smith, The Wisdom of Crowds, theory of mind, too big to fail, ultimatum game, universal basic income, WikiLeaks, World Values Survey, Y Combinator, you are the product
A profound faith in the emancipatory qualities of technology allowed the techies to paper over any inconsistencies between the yuppy and hippie ideals, because they promised that when the revolution arrived everyone would be great and cool and fulfilled and rich. All you needed to get to utopia was a belief in ‘disruption’, the idea that progress is achieved through smashing up old industries and institutions and replacing them with something new and digital. Steve Jobs – at once the acid-dropping hippy and the ruthless businessman – was this Californian Ideology incarnate. This is the secret behind the digital revolution. The reason that start-ups flock to Silicon Valley is not just the promise of building a better world – it’s because that’s where the venture capital is.
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Facebook’s Menlo Park has excellent coffee. The biggest tech firms are motoring ahead. They spend more on research than businesses in other industries: the top companies in the US that spend the most on research and development are ‘the big five’: Amazon, Alphabet (Google’s holding company), Intel, Microsoft and Apple. And, if anyone does threaten to compete with them, they have enough cash reserve to simply buy them out before their position is challenged.* I meet lots of young start-up founders in London, and many of them are hoping to get bought out by Google or Facebook. The result is that the big boys risk squelching innovation and competition, squeezing out smaller companies and ideas.
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Google’s DeepMind, for example, doesn’t just win at Go – it is currently pioneering exciting new medical research and has already dramatically cut the energy bills at Google’s huge data centres by using deep learning to optimise the air conditioning systems.6 There are countervailing tendencies, of course – some experts have got together to develop ‘open source’ AI which is more transparent and, hopefully, carefully designed, but the direction of progress is clear – just follow the money. Over the past few years, big tech firms have bought promising AI start-ups by the truckload. Google’s DeepMind is one of only a dozen they have recently acquired. Apple splashed out $200 million for Turi, a machine learning start-up, in 2016, and Intel has invested over $1 billion in AI companies over the past couple of years.7 Market leaders in AI like Google, with the data, the geniuses, the experience and the computing power, won’t be limited to just search and information retrieval.
Intertwingled: Information Changes Everything by Peter Morville
A Pattern Language, Airbnb, Albert Einstein, Arthur Eddington, augmented reality, Bernie Madoff, bike sharing, Black Swan, business process, Cass Sunstein, cognitive dissonance, collective bargaining, Computer Lib, disinformation, disruptive innovation, folksonomy, holacracy, index card, information retrieval, Internet of things, Isaac Newton, iterative process, Jane Jacobs, Jeff Hawkins, John Markoff, Kanban, Lean Startup, Lyft, messenger bag, minimum viable product, Mother of all demos, Nelson Mandela, Paul Graham, peer-to-peer, Project Xanadu, quantum entanglement, RFID, Richard Thaler, ride hailing / ride sharing, Schrödinger's Cat, self-driving car, semantic web, sharing economy, Silicon Valley, Silicon Valley startup, single source of truth, source of truth, Steve Jobs, Stewart Brand, systems thinking, Ted Nelson, the Cathedral and the Bazaar, The Death and Life of Great American Cities, the scientific method, The Wisdom of Crowds, theory of mind, uber lyft, urban planning, urban sprawl, Vannevar Bush, vertical integration, zero-sum game
Is it everything’s intertwingled? Figure 2-27. Everything is deeply intertwingled. The layers exist. There are no layers. Both statements are true and useful. Everything depends on context. In the 1990s, the design of hardware and software as separate layers was clearly the right strategy, until Steve Jobs returned to Apple and proved the power of synthesis and integration. We find similar opposition in our work on the Web. To define projects, managers limit by layer. We aim to refresh the interface without touching architecture. We optimize search with no content strategy. We stretch across silos, then trap ourselves in layers.
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It’s not that I’m afraid of the wolves. There aren’t many left. I’m worried because I’ve never been backpacking. My hikes always end in hotels. The last time I slept in a tent was at Foo Camp, a hacker event during which attendees camp in an apple orchard behind the offices of O’Reilly Media. And I couldn’t sleep. I was cold. My hips hurt. That morning, shivering in my tent but grateful for the orchard Wi-Fi, I fired up my Apple MacBook Pro and booked a hotel. But now, I’m headed into the wilderness alone, for four days and four nights. I’m 44 years old, and this is my first time. Of course, it’s my own fault. Since turning 40, I’ve been making myself uncomfortable on purpose.
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This all makes sense, sort of, until you learn that in Japan, people say traffic lights are red, yellow, and blue, even though ‘Go’ is green.xxvii The distinction gets lost in translation since until the twentieth century, Japanese had only one word, ao, for both blue and green. It wasn’t until 1917, when crayons were imported into Japan, that midori, which began as a shade of ao, was redefined as a new category, green. This split left scars, which is why apples, novices, and traffic lights are blue. Interestingly, cross-cultural studies reveal structural similarities behind these colorful distinctions. In the late 1960s, researchers discovered that while the number of color categories varies from two to eleven, there’s a common path that languages follow towards increasing specificity.xxviii Figure 2-3.
Design Is a Job by Mike Monteiro
4chan, crowdsourcing, do what you love, index card, iterative process, John Gruber, Kickstarter, late fees, Steve Jobs
Do you become a well-sought consultant where you only work six months of the year out of your swank modernist home in the hills? The choice is yours. But I’d caution you to stay away from jobs that take you away from the thing you love to do, which is to design things. Although your definition of “designing things” may change. My friend John Gruber once said that Steve Jobs’ greatest accomplishment wasn’t designing any particular Apple product—it was designing Apple itself. At some point you may get to the point where you’re no longer designing specific products, or specific websites, but instead helping to design the teams that design those things. And eventually designing the companies that those teams design within.
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The way each maneuvers to get the other to reveal their pricing structure is as fascinating as watching two overweight old bulldogs in the dog park circling each other for a genital sniff, but with much less probability of success. And a lot more slobber. The going rate for design work isn’t posted anywhere like the price of apples. And unlike competing grocers, you can’t casually walk by their apple stand and see what your competition is charging to adjust your prices accordingly. But with a little savvy and a bit of friendliness you should be able to get a general idea, at least a ballpark hourly rate, of what others are charging. Decide who you are competing against, and you will at least have a good ballpark to start playing in.
The Rise and Fall of American Growth: The U.S. Standard of Living Since the Civil War (The Princeton Economic History of the Western World) by Robert J. Gordon
3D printing, Affordable Care Act / Obamacare, airline deregulation, airport security, Apple II, barriers to entry, big-box store, blue-collar work, business cycle, Capital in the Twenty-First Century by Thomas Piketty, carbon tax, Charles Lindbergh, classic study, clean water, collective bargaining, computer age, cotton gin, creative destruction, deindustrialization, Detroit bankruptcy, discovery of penicillin, Donner party, Downton Abbey, driverless car, Edward Glaeser, en.wikipedia.org, Erik Brynjolfsson, everywhere but in the productivity statistics, feminist movement, financial innovation, food desert, Ford Model T, full employment, general purpose technology, George Akerlof, germ theory of disease, glass ceiling, Glass-Steagall Act, Golden age of television, government statistician, Great Leap Forward, high net worth, housing crisis, Ida Tarbell, immigration reform, impulse control, income inequality, income per capita, indoor plumbing, industrial robot, inflight wifi, interchangeable parts, invention of agriculture, invention of air conditioning, invention of the sewing machine, invention of the telegraph, invention of the telephone, inventory management, James Watt: steam engine, Jeff Bezos, jitney, job automation, John Markoff, John Maynard Keynes: Economic Possibilities for our Grandchildren, labor-force participation, Les Trente Glorieuses, Lewis Mumford, Loma Prieta earthquake, Louis Daguerre, Louis Pasteur, low skilled workers, manufacturing employment, Mark Zuckerberg, market fragmentation, Mason jar, mass immigration, mass incarceration, McMansion, Menlo Park, minimum wage unemployment, mortgage debt, mortgage tax deduction, new economy, Norbert Wiener, obamacare, occupational segregation, oil shale / tar sands, oil shock, payday loans, Peter Thiel, Phillips curve, pink-collar, pneumatic tube, Productivity paradox, Ralph Nader, Ralph Waldo Emerson, refrigerator car, rent control, restrictive zoning, revenue passenger mile, Robert Solow, Robert X Cringely, Ronald Coase, school choice, Second Machine Age, secular stagnation, Skype, Southern State Parkway, stem cell, Steve Jobs, Steve Wozniak, Steven Pinker, streetcar suburb, The Market for Lemons, The Rise and Fall of American Growth, Thomas Malthus, total factor productivity, transaction costs, transcontinental railway, traveling salesman, Triangle Shirtwaist Factory, undersea cable, Unsafe at Any Speed, Upton Sinclair, upwardly mobile, urban decay, urban planning, urban sprawl, vertical integration, warehouse robotics, washing machines reduced drudgery, Washington Consensus, Watson beat the top human players on Jeopardy!, We wanted flying cars, instead we got 140 characters, working poor, working-age population, Works Progress Administration, yellow journalism, yield management
A month earlier, another computer legend, Steve Wozniak, had attended the Homebrew Computer Club in California and was immediately inspired by what he saw. He began work on his own personal computer, the Apple Computer or the Apple I, and got his friend, Steve Jobs, to help with sales. The computer had more memory and a cheaper microprocessor than the Altair and could be plugged into any television to use as a screen. Soon Jobs and Wozniak began work on the Apple II, which included a keyboard and a color screen as well as an external cassette tape (soon replaced with floppy disks). It was IBM’s first personal computer (PC), introduced in 1981, that revolutionized the market and soon made the Wang minicomputer and the memory typewriter obsolete.
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The Third Industrial Revolution, which consists of the computer, digitalization, and communication inventions of the past fifty years, has been dominated by small companies founded by individual entrepreneurs, each of whom created organizations that soon became very large corporations. Allen and Gates were followed by Steve Jobs at Apple, Jeff Bezos at Amazon, Sergei Brin and Larry Page at Google, Mark Zuckerberg at Facebook, and many others. The left side of the entrepreneurial U is well documented. The percentage of all U.S. patents granted to individuals (as contrasted with business firms) fell from 95 percent in 1880 to 73 percent in 1920, to 42 percent in 1940, and then gradually to 21 percent in 1970 and 15 percent in 2000.
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Among the many foreigners who deserve credit for key elements of the Great Inventions are transplanted Scotsman Alexander Graham Bell for the telephone, Frenchmen Louis Pasteur for the germ theory of disease and Louis Lumière for the motion picture, Englishmen Joseph Lister for antiseptic surgery and David Hughes for early wireless experiments, and Germans Karl Benz for the internal combustion engine and Heinrich Hertz for key inventions that made possible the 1896 wireless patents of the recent Italian immigrant Guglielmo Marconi. The role of foreign inventors in the late nineteenth century was distinctly more important than it was one hundred years later, when the personal computer and Internet revolution was led almost uniformly by Americans, including Paul Allen, Bill Gates, Steve Jobs, Jeff Bezos, Larry Page, and Mark Zuckerberg. Among the pioneering giants of the Internet age, Sergei Brin (co-founder of Google) is one of the few to have been born abroad. Organization. The book proper begins with chapter 2, on living conditions in 1870. Part I includes eight chapters (chapters 2–9) on the revolutionary advances in the standard of living through 1940, a dividing year chosen both because it is halfway between 1870 and 2010 and because 1940 marks the year of the first Census of Housing, with its detailed quantitative measures of housing and its equipment.
Geek Sublime: The Beauty of Code, the Code of Beauty by Vikram Chandra
Alan Turing: On Computable Numbers, with an Application to the Entscheidungsproblem, Apple II, barriers to entry, Berlin Wall, Big Tech, British Empire, business process, Californian Ideology, Charles Babbage, conceptual framework, create, read, update, delete, crowdsourcing, don't repeat yourself, Donald Knuth, East Village, European colonialism, finite state, Firefox, Flash crash, functional programming, glass ceiling, Grace Hopper, Hacker News, haute couture, hype cycle, iterative process, Jaron Lanier, John von Neumann, land reform, London Whale, Norman Mailer, Paul Graham, pink-collar, revision control, Silicon Valley, Silicon Valley ideology, Skype, Steve Jobs, Steve Wozniak, supercomputer in your pocket, synthetic biology, tech worker, the Cathedral and the Bazaar, theory of mind, Therac-25, Turing machine, wikimedia commons, women in the workforce
A man who leads a magnificent posse of such hardened, hardcore individuals might justly say, “My coders will beat up your coders, any day of the week.” This figuring of computing as agon, a geeky arena of competition in which code-warriors prove their mettle against all comers, demands a certain manly style from those who would win and be recognized as victors. Steve Jobs was famed not only for his success but also his aggressive rudeness; his erstwhile partner Woz describes him as a “real rugged bastard” who found it necessary to “put people down and make them feel demeaned.”42 The social ineptitude of the sandal-wearing, long-haired pioneers of the early days has been elevated to a virtue.
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And when we say “wrote” this programming language we mean that he wrote the assembly code in a paper notebook on the right side of the pages, and then transcribed it into machine code on the left.13 And he did all this while holding down a full-time job at Hewlett-Packard: “I designed two computers and cassette tape interfaces and printer interfaces and serial ports and I wrote a Basic and all this application software, I wrote demos, and I did all this moonlighting, all in a year.”14 That second computer was the Apple II, the machine that defined personal computing, that is on every list of the greatest computers ever made. Woz designed all the hardware and all the circuit boards and all the software that went into the Apple II, while the other Steve spewed marketing talk at potential investors and customers on the phone. Every piece and bit and byte of that computer was done by Woz, and not one bug has ever been found, “not one bug in the hardware, not one bug in the software.”15 The circuit design of the Apple II is widely considered to be astonishingly beautiful, as close to perfection as one can get in engineering.
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Sebastopol, CA: O’Reilly Media, 2007. Kindle edition. Matthews, Peter Hugoe. The Concise Oxford Dictionary of Linguistics. 2nd ed. Oxford: Oxford University Press, 2007. Matyszczyk, Chris. “Woz: Microsoft Might Be More Creative Than Apple.” Technically Incorrect—CNET News, November 15, 2012. http://news.cnet.com/8301-17852_3-57550839-71/woz-microsoft-might-be-more-creative-than-apple/. McCrea, Lawrence J. The Teleology of Poetics in Medieval Kashmir. Cambridge, MA: Harvard University, Department of Sanskrit and Indian Studies, 2008. McPherson, Amanda, Brian Proffitt, and Ron Hale-Evans. “Estimating the Total Development Cost of a Linux Distribution.”
ZeroZeroZero by Roberto Saviano
Berlin Wall, Bernie Madoff, call centre, credit crunch, double entry bookkeeping, Fall of the Berlin Wall, illegal immigration, Julian Assange, Kinder Surprise, London Interbank Offered Rate, Mikhail Gorbachev, new economy, open borders, planetary scale, Ponzi scheme, Ronald Reagan, Skype, Steve Jobs, uranium enrichment, WikiLeaks
President Bill Clinton was reelected in November 1996, and a few months later Labour Party leader Tony Blair—who was convinced that a social democratic agenda must be coupled with greater free markets in order to keep step with modernity—was elected prime minister in the UK. On Wall Street, until early 1997, the Dow Jones Index climbed to levels never seen before, and the NASDAQ—the world’s first electronic stock market, which is dedicated to tech stocks such as Microsoft, Yahoo!, Apple, and Google—was up big. What’s more, Steve Jobs had just returned to the helm at Apple, confident he would be able to lead the company out of crisis, and, as we all know, he succeeded brilliantly. In keeping with the spirit of the times, the euphoric West asked for more and more cocaine. Coke was a white stain on all the optimism. And coke was identified with Colombia.
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Mexico has cocaine and the United States has cocaine users. Mexico has the cheap labor the United States needs. Mexico has soldiers and the United States has weapons. The world’s drowning in unhappiness? Mexico has the solution: cocaine. El Chapo grasped all this. He became the king of the narcos, the Steve Jobs of cocaine, with the mystical authority of the pope. Which is why February 22, 2014, will go down in history, for Mexico and the entire world. On that day, Joaquín Guzmán Loera, El Chapo, the most wanted narco on the planet, was arrested. At 6:40 A.M. in a hotel in the center of Mazatlán, in Sinaloa state.
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No financial investment in the world gives better returns than cocaine. Not even the record upward trends on the stock exchange are comparable to the “interest” coke offers. In 2012, the year the iPhone 5 and the iPad mini were launched, Apple became the most valuable company in terms of market capitalization ever listed on the New York Stock Exchange. Apple shares shot up by 67 percent in just one year. If you had invested €1,000 in Apple stock in the beginning of 2012, you would have €1,670 in a year. Not bad. But if you had invested €1,000 in cocaine at the beginning of 2012, after a year you would have €182,000. Cocaine is a safe asset.
Evil by Design: Interaction Design to Lead Us Into Temptation by Chris Nodder
4chan, affirmative action, Amazon Mechanical Turk, cognitive dissonance, crowdsourcing, Daniel Kahneman / Amos Tversky, Donald Trump, drop ship, Dunning–Kruger effect, en.wikipedia.org, endowment effect, game design, gamification, haute couture, Ian Bogost, jimmy wales, Jony Ive, Kickstarter, late fees, lolcat, loss aversion, Mark Zuckerberg, meta-analysis, Milgram experiment, Monty Hall problem, Netflix Prize, Nick Leeson, Occupy movement, Paradox of Choice, pets.com, price anchoring, recommendation engine, Rory Sutherland, Silicon Valley, Stanford prison experiment, stealth mode startup, Steve Jobs, sunk-cost fallacy, TED Talk, telemarketer, Tim Cook: Apple, trickle-down economics, upwardly mobile
The newer influx of Apple users may have diluted the original fervor of Mac devotees, but it’s still possible to see rationalization at work just by starting a discussion of the relative value-per-dollar of Apple computers versus generic PCs. 3. Manufacture source credibility and sincerity. Steve Jobs, the now-deceased father of Apple, has been replaced by head designer Jony Ive as the spiritual leader of the Apple clan. 4. Establish a granfalloon. Enter any Apple store to see ritual, symbolism, and feelings at work creating a feeling of belonging for the in-group of Apple users. Door greeters might as well be saying, “Welcome home.” 5.
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That’s not surprising because these are indeed some of the same techniques used by religious organizations. A 2011 BBC documentary on “Superbrands” found that an MRI scan of an Apple fanatic suggested that Apple was actually stimulating the same parts of the brain as religious imagery does in people of faith. Kirsten Bell, an anthropologist at the University of British Columbia moved from studying religions in South Korea to the culture of biomedical research, but while reporting on an Apple product launch for TechNewsDaily, she noted the direct comparisons such as sacred symbols (the Apple logo), a keynote address from a revered leader, and a crowd of willing acolytes (the press).
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Still, religious fervor among your customer base can obviously be useful, especially if customers feel like they are supporting the underdog, as Apple was for many years before its recent ascendancy. Customers’ anger allows them to label any criticism as “envy” from those who have “inferior” products. Just for fun, unpack some of Pratkanis’ techniques from the Apple perspective: 1. Create a phantom. Every new Apple product release seems to add just enough new functionality or sex appeal to highlight the deficiencies in your current version. Perhaps Apple needs to make customers feel the religion so that they will continue upgrading. “This next iPhone will be the last one I ever need.”
The New Elite: Inside the Minds of the Truly Wealthy by Dr. Jim Taylor
Alan Greenspan, Alvin Toffler, British Empire, business cycle, call centre, Cornelius Vanderbilt, dark matter, Donald Trump, estate planning, full employment, glass ceiling, income inequality, Jeff Bezos, Larry Ellison, longitudinal study, Louis Pasteur, Maui Hawaii, McMansion, means of production, passive income, performance metric, plutocrats, Plutonomy: Buying Luxury, Explaining Global Imbalances, Ronald Reagan, stealth mode startup, Steve Jobs, Thorstein Veblen, trickle-down economics, vertical integration, women in the workforce, zero-sum game
Since 1980, virtually every category of human endeavor has been transformed, and power has passed from the bankers and the cadres of the corporate executives to the people who conceived and executed on the ideas. Wealth is now just as likely to come from big ideas, and extensions of big ideas, crafted in an environment driven by individuals, divorced from the bluster, staffing, and immense cost structure of corporate existence. Whether it was Steve Jobs building small computers in his parents’ garage or Bill Gates writing an operating system on punched tape, innovative young people began to create enterprises from scratch. From the early 1980s, the rise of the new entrepreneur, associated venture capital markets, and novel distribution channels remade the industrial and business landscape of America.
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The general consistency in teen views of the sources of wealth suggest that these opinions come, not so much from parenting per se, but from media and cultural forces. Adults today grew up with names like Carnegie and Rockefeller being cultural icons associated with wealth. For kids today, these names and associated images are much less familiar and hold much less meaning; names of entrepreneurs like Bill Gates, Steve Jobs, and Richard Branson are much more personally relevant. Tab le 10 -2 Af flue nt te en s’ vi ew s o f h ow we al th is c re at ed (% of th os e s ur ve ye d) $150kⳭ Hard work/determination 68 Having a good education 61 Skill/Expertise in one’s field 57 Being inventive 43 Great instincts 41 Good business background 40 Treating others with respect 40 Being smarter than others 36 Having strong social networks 34 Having great sales skills 31 Being a good judge of character 31 Coming from money 28 Being willing to take chances and risk it all 26 Good luck 23 Access to inside information 18 Being willing to sacrifice principles 11 176 The New Elite Clearly, affluent teens have come to appreciate the value of hard work and how it combines with education to play a key role in financial success.
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Jim Taylor Doug Harrison Stephen Kraus May, 2008 Trade and Service Marks in The New Elite 1-800-FLOWERS Abercrombie & Fitch Acura Adobe Aèropostale Alcoa Alexander McQueen Amazon.com America Online American Eagle American Express American Express Publishing American Honda American Motors Corporation American Outfitters Ameriprise Apple Aston Martin Audi Avedis Zildjian Banana Republic Bang & Olufsen Bank of America Barbour Barnes & Noble Baume & Marcier Beneteau Rodriguez Group Bentley Beretta Bergdorf-Goodman Berkshire Hathaway Best Buy Bloomberg, L.P. Bloomingdale’s BMW Boeing Bombardier Flexjet Borders Breitling Bugatti Bulgari Burberry Cadbury Schweppes PLC Cadillac Cartier Chanel Chevrolet Chevy Christian Dior Christies Chrysler Citicorp Citigroup Clorox CNBC CNN Coca-Cola Costco Cristal Curtco Media CVS DeBeers Dell Dior Dom Pérignon Donald Duck Donna Karan Dow Jones Dow Jones Industrial Average DreamWorks eBay Eclipse Aviation Emilio Pucci Ernst & Young Escada ExxonMobil Fairmont Hotels and Resorts Fendi Ferragamo FlexJet Forbes Ford Ford Explorer Four Seasons Hotels Frank Russell Company Gap Gateway Computer Genentech General Electric General Mills General Motors Giorgio Armani Givenchy Goldman Sachs Google GTECH Corporation Gucci Gulfstream Helga Wagner Hennessy Hermès Honda Humana IBM IKEA Iomega Corporation iPhone iPod J.
The Dangerous Case of Donald Trump: 27 Psychiatrists and Mental Health Experts Assess a President by Bandy X. Lee
Affordable Care Act / Obamacare, Anthropocene, Carl Icahn, cuban missile crisis, dark triade / dark tetrad, David Brooks, declining real wages, delayed gratification, demand response, Donald Trump, Doomsday Clock, facts on the ground, fake news, false flag, fear of failure, illegal immigration, impulse control, meta-analysis, national security letter, Neil Armstrong, Ronald Reagan, seminal paper, Skype, Steve Bannon, Steve Jobs, The Chicago School
We need to examine whether or not they can perform their jobs, one of the most important of which is to preserve the safety of our country—and the world. Mentally Ill Leaders: Are They Functional or Impaired? The diagnosis of a mental illness—NPD or any other—is not by itself a judgment about whether a person is a capable leader. Steve Jobs, by all accounts, had NPD—yelling at staff, questioning their competence, calling them “shit”—but he also galvanized Apple’s engineers into developing the iMac, the iPod, and the iPhone. No doubt more than a few shareholders would have objected to Job’s re-removal (he’d already been ousted for his nasty attitude once) from the company. He may have had what mental health clinicians call “high functioning” NPD—he was narcissistic enough to show Triple E, but still able to be incredibly productive, maintain decent (enough) family relationships and friendships, and mostly keep his angry explosions from completely blowing up the workplace.
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That is, how much do the symptoms of a person’s mental illness interfere with their ability to hold down a job, maintain meaningful relationships, and—most importantly—manage their intense feelings, such as anger or sadness or fear, without becoming a danger to themselves or others? This is particularly important when it comes to positions as powerful as president of the United States. Steve Jobs calling another CEO “a piece of shit” has far less troubling implications than the leader of the free world telling a volatile dictator he’s “very dumb.” In other words, in tackling the question of whether or not a leader’s narcissism is dangerous, it’s not enough to say they’re mentally ill; I’ve helped many clients over the years with active psychotic illness, who have wonderful loving relationships and maintain steady jobs, even while anxiously worrying, for example, about devices being implanted in their teeth.
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Lapsley. 2011. “Adaptive and Maladaptive Narcissism in Adolescent Development.” (2011): 89–105. Hill, Robert W., and Gregory P. Yousey. 1998. “Adaptive and Maladaptive Narcissism Among University Faculty, Clergy, Politicians, and Librarians.” Current Psychology 17 (2–3): 163–69. Isaacson, Walter. 2011. Steve Jobs. New York: Simon and Schuster. Jakobwitz, Sharon, and Vincent Egan. 2006. “The Dark Triad and Normal Personality Traits.” Personality and Individual Differences 40 (2): 331–39. Lapsley, D. K., and M. C. Aalsma. 2006. “An Empirical Typology of Narcissism and Mental Health in Late Adolescence.” Journal of Adolescence 29 (1): 53–71.
American Kingpin: The Epic Hunt for the Criminal Mastermind Behind the Silk Road by Nick Bilton
bitcoin, blockchain, Boeing 747, crack epidemic, Edward Snowden, fake news, gentrification, mandatory minimum, Marc Andreessen, Mark Zuckerberg, no-fly zone, off-the-grid, Ross Ulbricht, Rubik’s Cube, Satoshi Nakamoto, side project, Silicon Valley, Skype, South of Market, San Francisco, Steve Jobs, Ted Kaczynski, the market place, trade route, Travis Kalanick, white picket fence, WikiLeaks
“You play your cards close,” VJ replied. “You really do get that it’s gone from fun and games to a very serious life or death lifestyle you’ve created.” He then listed a handful of attributes of the leader of the Silk Road, including that he was obviously well educated and that many on the site saw him as “the Steve Jobs” of the online drug world. “Awesome,” Ross replied. Then he followed with a more vulnerable question: “What are my weaknesses?” Variety Jones didn’t skip a beat. “Your inability to discern between a garter snake and a copperhead,” he wrote, “and the gaping holes in your knowledge of security.”
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“I would be there for a friend to help him break a drug dependency, and encourage him to not start, but I would never physically bar him from it if he didn’t ask me to.” Variety Jones contemplated how hard he should press the issue. He had been doing his best to counsel the Dread Pirate Roberts, but sometimes DPR’s ego got in the way. On more than one occasion VJ had lost his patience. “You should be acting like Steve Jobs, not Larry the Cable Guy,” he had written to DPR about a previous debate. “Leaders lead, they don’t throw out things willy nilly, and wait to see who follows what.” Often Dread would try to defend his ideas, but there was no grappling with Variety Jones; a maestro on the keyboard, he was a master debater, a true contender who could have stood up to Ross on any topic—and often did.
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The president of the United States faced these kinds of choices every day, pressing a button that unleashed a drone over a village in Afghanistan, killing people to protect the republic. This was the case in business too. Dozens of Chinese workers who made iPhones had subsequently jumped to their deaths because their working conditions were so dire, but Steve Jobs had to accept those sacrifices because, by fucking God, he was changing the world on a massive, massive scale. This was simply the plight of men and women who wanted to leave a dent in the universe. In addition to the murder, other issues had been pummeling Ross. As of late hackers had again been targeting the Silk Road on a regular basis, knocking the site off-line for hours at a time.
If Mayors Ruled the World: Dysfunctional Nations, Rising Cities by Benjamin R. Barber
"World Economic Forum" Davos, Aaron Swartz, Affordable Care Act / Obamacare, American Legislative Exchange Council, Berlin Wall, bike sharing,