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

Tweets

Venkatesh Rao

@vgr

Conversational account. For work follow @ribbonfarm, @breaking_smart, @artofgig. Tweets are 90% vacuous views, apathetically held. Mediocritopian. IKEA builder.

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.

      1 reply 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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      Replying to @vgr

      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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      Replying to @vgr

      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. Matt Wensing  🐙‏ @mattwensing 23 Jun 2014
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      @vgr so Yo is like NASA going to the moon? People can mock the utility of putting foot on moon but byproducts justify it?

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

      @mattwensing The point is you don't HAVE to justify it. Market-based capital allocation does not have to be justified at macro level.

      1 reply 0 retweets 1 like
    10. Matt Wensing  🐙‏ @mattwensing 23 Jun 2014
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      Replying to @vgr

      @vgr I think the "life with a view" reality means it's easy to get frustrated when your cancer-fighting biotech can't find $1mm while Yo can

      1 reply 0 retweets 0 likes
      Venkatesh Rao‏ @vgr 23 Jun 2014
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      Replying to @mattwensing

      @mattwensing yup; you have to trust mechanism anyway, just like you trust principle of free speech even if people say things you don't like.

      10:17 AM - 23 Jun 2014
      1 reply 0 retweets 0 likes
        1. Matt Wensing  🐙‏ @mattwensing 23 Jun 2014
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          @vgr "those Sons of Liberty stirring up trouble will never amount to anything!"

          0 replies 0 retweets 0 likes
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