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vgr's profile
Venkatesh Rao
Venkatesh Rao
Venkatesh Rao
@vgr

Tweets

Venkatesh Rao

@vgr

This is my conversational account. For my work follow @ribbonfarm, @breaking_smart, @artofgig. Tweets are 90% vacuous views, apathetically held. Mediocritopian.

Los Angeles, CA
venkateshrao.com
Joined August 2007

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    1. Venkatesh Rao‏ @vgr 23 Jun 2014
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      1/ WaPo title, "Come on, Silicon Valley, you can do better than this" gets at the root of what non-SVers don't get: there's no there there.

      2 replies 0 retweets 2 likes
    2. Venkatesh Rao‏ @vgr 23 Jun 2014
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      Replying to @vgr

      2/ Even if Yo turns out to have been an elaborate long troll dreamed up by stoners and drunk VCs, it is, miraculously, *still* legit. Why?

      1 reply 0 retweets 1 like
    3. Venkatesh Rao‏ @vgr 23 Jun 2014
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      3/ Efficient markets are about the right to disagree about what is important. Even if some decide the most imp. use of $1mm is a joke.

      2 replies 2 retweets 0 likes
    4. Venkatesh Rao‏ @vgr 23 Jun 2014
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      4/ Which is not to say Yo is a joke. But even if it was intended as one, market which made it a viral hit is smarter than those behind it.

      1 reply 0 retweets 1 like
    5. Venkatesh Rao‏ @vgr 23 Jun 2014
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      5/ Unless you can predict the *precise* future course of something like Yo, the market knows things you don't.

      3 replies 1 retweet 1 like
    6. Venkatesh Rao‏ @vgr 23 Jun 2014
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      6/ Worst case is better than you think: $1mm gets recycled fast, a couple of kids learn marketing, ecosystem gets smarter about virality

      1 reply 0 retweets 0 likes
    7. Venkatesh Rao‏ @vgr 23 Jun 2014
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      7/ Upside could be much bigger than you think: social dynnamics behind a Twitter-sized one-bit messaging layer gets discovered.

      3 replies 0 retweets 1 like
    8. Venkatesh Rao‏ @vgr 23 Jun 2014
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      8/ So sure, make fun of it, evangelize your own pet entrepreneurial foci more, but don't assume this is a sign of SV being broken.

      2 replies 0 retweets 0 likes
    9. Venkatesh Rao‏ @vgr 23 Jun 2014
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      9/ In fact, the fact that old economy ONLY does plausibly justifiable things chosen by committees of wise graybeards should arouse suspicion

      1 reply 2 retweets 5 likes
    10. Venkatesh Rao‏ @vgr 23 Jun 2014
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      10/ What do you think is more likely: planned soviet style capital allocation by graybeards is *actually* wiser or a theater of wisdom?

      1 reply 1 retweet 1 like
      Venkatesh Rao‏ @vgr 23 Jun 2014
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      11/ Those who'd rather see $ go to "real" problems *especially* don't get it. $ doesn't go there *because* graybeards in charge screwing up

      10:05 AM - 23 Jun 2014
      2 replies 0 retweets 0 likes
        1. New conversation
        2. Venkatesh Rao‏ @vgr 23 Jun 2014
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          12/ This is actually why top-down attempts to "catalyze" innovation or worse "harness" it for a specific cause usually fails imo.

          1 reply 0 retweets 1 like
        3. Venkatesh Rao‏ @vgr 23 Jun 2014
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          13/ Innovation is about sidelining graybeards who claim they know better, enabling *mechanism* that might produce things like Yo.

          2 replies 0 retweets 1 like
        4. 6 more replies
        1. jonathanjoseph.eth‏ @jonathanjoseph 23 Jun 2014
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          @vgr it's not a zero sum game. Criticizing it does not mean I want to see greybeards running DCF analyses.

          0 replies 0 retweets 0 likes
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