Most people have an aversion to risk, my college economics professor told me. Which means they have to be rewarded to take on that risk. The higher the risk, the higher the possible payout has to be for people to jump.
That first company I started made a lot of money for the venture capitalists - nearly $30 million - but next to nothing for the founders. The companies I started after that varied between failures and mediocre successes. But at no point did I ever consider getting a 'real job.' That felt like a black and white world, and I wanted Technicolor.
One thing I know from personal experience, judges hate it when parties talk publicly about their cases. There are a lot of things about our criminal legal system that need to be changed, and this is just one of them. Prosecutors know how to play the press. Most defendants don't.
Leaving America means renouncing your citizenship, moving out of the country and leaving family and friends behind. You can retain your citizenship if you like, but you'll still be away from loved ones and still be paying taxes. You lose all the good stuff about America and have to keep all the bad stuff.
Some people ask why we don't just wait until we have the whole story before posting. The fact is that we sometimes can't get to the end story without going through this process... When a story is up and posted, it's amazing how many people come out of the woodwork to give us additional information... And readers love it.
Sometimes I have so many financial conflicts of interest that I can't even keep them straight.
If you really care about Facebook likes, don't just post your stuff to Twitter and then rely on it being republished automatically to Facebook. In my sample size of one, Facebook penalizes you significantly for that and shows that content to far fewer people.
I don't claim to be a journalist. I hold myself to higher standards of transparency and disclosure.
Just pick a political story at random and read the comments. There is no logic or reason on either side - only hypocrisy and hate.
America is an unsolvable problem: a nation divided and deeply in hate with itself. If it was a startup, we'd understand how unfixable the situation is; most of us would leave for a fresh start, and the company would fall apart. America is MySpace.
I live a fairly simple life, and that didn't change much after I sold TechCrunch in 2010. I didn't buy a new house or even a new car. The one thing I did splurge on was a boat. Nothing too fancy or large.
Success in Silicon Valley, most would agree, is more merit-driven than almost any other place in the world. It doesn't matter how old you are, what sex you are, what politics you support or what color you are. If your idea rocks and you can execute, you can change the world and/or get really, stinking rich.
Talking about Apple v. Microsoft without mentioning the Internet and the browser is like talking about WWII without talking about the nuke. Framing the conversation just in terms of open v. closed operating systems, the quality of the hardware or software or who the CEO was, is silly.
The payouts for starting a business are just terrible when you account for risk. A tiny minority of entrepreneurs ever get rich. And the majority of entrepreneurs would probably make far more money, and have more stable personal relationships, if they just worked for someone else.
Before the Internet, all most people cared about was Office. And Office was really the only reason anyone wanted Windows machines instead of Macs.
Everyone wants the rich to pay more in taxes.
Friendships and marriage are far more potent than financial conflicts.
I always try to find the truth in a situation. That unvarnished, pure nugget of truth at the core of every issue that I write about.
I love talking about taxes.
I'm a creature of startups. For example, I don't want government interference in the startup ecosystem.