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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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      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
    2. 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
    3. 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
    4. 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
    5. 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
    6. 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

      2 replies 0 retweets 0 likes
    7. 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
    8. 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
    9. Venkatesh Rao‏ @vgr 23 Jun 2014
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      14/ Criticizing a working *mechanism* because it produces outcomes you don't like is like criticizing gravity because it sometimes kills you

      1 reply 3 retweets 2 likes
    10. Venkatesh Rao‏ @vgr 23 Jun 2014
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      15/ Criticism directed at things like Yo is ultimately about wanting your values to prevail over others. You can do 3 things in response.

      1 reply 1 retweet 0 likes
      Venkatesh Rao‏ @vgr 23 Jun 2014
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      16.1/ You could fight for higher taxes so politicians could fund your favorite things instead

      10:21 AM - 23 Jun 2014
      1 reply 0 retweets 0 likes
        1. New conversation
        2. Venkatesh Rao‏ @vgr 23 Jun 2014
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          16.2/ You could work to *deregulate* your underserved sectors so it can compete with Yos of the world for efficient capital.

          1 reply 0 retweets 0 likes
        3. Venkatesh Rao‏ @vgr 23 Jun 2014
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          16.3/ Or you could try to *regulate* innovation to prevent things like Yo from ever happening. Say an "idea licensing" bureaucracy.

          1 reply 0 retweets 0 likes
        4. 1 more reply

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