Technology, culture, design, nature, and improving society.
That’s what’s great. There are these totally unexpected things that just go nuts. It just clicks with the Internet, people get excited and suddenly this person’s life is changed. It literally happens every day. It’s totally wild.
— Yancey Strickler talking restaurants and Kickstarter with Eater
I think that the internet is a very efficient outrage machine that is always willing to turn its ire toward anyone and anything. I hate seeing creators go through that because the act of standing up and saying you want to do something is an act that makes you vulnerable. The second that you’re vulnerable, it allows others the chance to attack. Way too many people take advantage of that and, ultimately, it has a discouraging and a chilling effect on others to even question their own ideas. That’s poisonous.
I was discussing a Series A round with some founders yesterday. We talked about what they should do with their seed investors. I encouraged them to offer the seed investors the right to participate in the round. I don’t know if their seed investors have the right or not. But regardless, I feel that the founders owe it to them because their seed investors were there for them before anyone else. It just feels like the right thing to do to me.
Icahn’s stock in trade is trading stocks. Silicon Valley’s stock in trade is creating powerful products and platforms. The former approach creates short-term returns. The latter approach creates economically productive ecosystems that spawn industries, jobs, products, and services that benefit society at large, and compounding profits for long-term shareholders.