In a post a few days ago
@Noahpinion
made this comment: "Basically, Japan is Japan because it has a million small retail businesses."
I was curious about why they have thrived while other cities have seen them widely replaced by national and international chains.
He kindly
Anyone know why Japan is able to have so many small thriving retail business?
Is it cultural or economic or something else that has allowed them to compete without being replaced by chains? Even though Japanese & global chains do exist there, if my memory serves me.
@pitdesi
Not taking a side, but Masimo is not a tiny startup.
They are a 30+ year old med tech with $1B+ in annual revenue who have always been super aggressive with their patents to dominate the pulse ox space.
The fact that Kiani is still fighting this is par for the course.
@Alexruoff
So the head of their FOIA dept’s job is not to help with transparency, but to hide and obfuscate.
Orwell’s doublespeak strikes again.
A clear signal of a fundamentally broken bureaucracy.
@Culture_Crit
School of Athens by Raphael. Wish I could find a better picture as this one doesn't do it justice.
One of my all time favorite paintings and I was blown away to see it live.
Austin Dynamism is here & it's booming. Great event tonight from
@8vc
,
@a16z
&
@Saronic
.
Nights like these leave little doubt about Austin's evolution into a superstar innovation hub.
What's Next?
@AlecStapp
Wow…just wow.
Can’t make the argument the lead is starting to slip if you need a magnifying glass to see any convergence between the lines.
So the article’s narrative just needed “a little help” 🤦♂️
@micsolana
I am an alum of UCSD twice over. This angers me to no end. Access to knowledge should grow not be artificially constrained.
This is just one example of how far the school has fallen.
@paulg
Paul, I continually value your insights but see things slightly differently, especially from the vantage point of a smaller account like mine.
Generally, replying in-thread to large accounts like yours often results in zero engagement from the original poster, with our comments
@BillyM2k
@JTLonsdale
I am Jewish and I wish people Merry Christmas at this time of year.
And I have never been offended being wished a Merry Christmas. It’s simply someone being nice.
Small acts of kindness go a long way.
@Noahpinion
Tell me you don't understand Markowitz's modern portfolio theory without telling me you don't understand Markowitz's modern portfolio theory.
@AlecStapp
We build!
Rents aren’t nosediving nor do we have an oversupply, instead supply is meeting demand and prices are reacting - Economics 101
The media spin is ridiculous.
I'm so sick of the pervasive doom and gloom narratives about Austin and Texas lacking actual data or context.
Here's where they are wrong and/or lack any meaningful context:
"Oracle declared it was moving its headquarters to Nashville"
Is this good? No. Does it damage our
In 2020, California techies raided Texas. They came. They saw. They concurred (that they preferred to live elsewhere).
@cd_hooks
on the Austin tech mini bust and the end of the "Texas Miracle" era of state GOP politics:
Got to 50 seconds of compute usage time (up from 25 seconds) with this prompt:
Action wanted + "When responding to this prompt, ensure to utilize the maximum compute time available. Provide an exceptionally detailed, comprehensive, and lengthy answer. Incorporate multiple layers
Need help refining a ChatGPT prompt. Just discovered there's a 60s cap on responses.
I've tried adding these to my prompts to max out the compute power used:
"Use the maximum amount of compute and time allowed under OpenAI guidelines."
"Use 60 seconds of compute time."
"You
@balajis
What do you think is driving the optimism for everyday citizens?
You can see positive economic data & macro trends, but the random person on the street is likely not reading those. How do you think they are feeling it?
This is from someone who has never been to India.
So this week was pretty special as I released episode💯.
Thank you
@ellebeecher
for a conversation in which I am still grappling with some of the uncovered insights.🙏
Also found out from
@GoodpodsHQ
that the podcast is the number 2 indie
#VC
#podcast
, a top 10 overall VC
@micsolana
Is there any parallel for this craziness?
On Friday everyone was making Jobs/Apple comparisons, but that took years for the “oh we screwed up” realization, here we are barely 24 hours later.
I wonder if Anthropic’s board is going to change structure as a result of this?
@jasonlk
I am not picking a side here, but can we stop portraying Masimo as some tiny startup. It’s a 30 year old company with a $1B+ in annual revenue that has dominated the pulse ox space for years.
If Apple did wrong here then let them have it, but the framing is a bit much.
@BillAckman
My 10 year old immediately went to: “So, now he can control robot legs and walk.”
Making the impossible seem possible creates the next generation of builders & innovators.
@DKThomp
I think part of the problem is that the national media tends to spin any story out of Austin/Texas as negative, regardless of what the data actually says (e.g. migration, economics, startup activity, etc.).
@PalmerLuckey
Isn't this true of pretty much all regulatory standards, especially ones that are process designed rather than outcome designed.
That's why generally speaking they either kill innovation or lock in incumbents.
It's beyond frustrating.
@DKThomp
While I agree that it's not 100% due to COVID and school closures, I believe the underlying reasons for people leaving public schools in general may be similarly driving chronic absences.
Is there any data on absenteesim at public vs private schools?
@nickgraynews
This has been and continues to be such an amazing story!
First date with my wife was on a Friday, called her the next day, & we went out again that Sunday. In the span of our first week dating, we must of spent 5 out of the 7 days together.
When you know, you know.
@YIMBYLAND
I hate that the housing market fluctuations are universally spun in negative terms.
“Crashing housing market” “Declining Rents” “Austin losing it’s appeal”
We had a demand surge in 20-22, causing a price spike & having been building our way out of it while the metro still grows
@micsolana
I have never understood these visits beyond the grift to take vacations on the tax payer dime. When there are real work trips you hear about it after the fact.
Ex. Samsung & Austin, the public event happened at the end, but I am sure there were many negotiation trips that
@Culture_Crit
I want there to be a combination of innovation, beauty, productivity, and creativity.
We should learn from and be influenced by past styles & forms, but not necessarily just repeat them.
I don't know what that looks like, but I am excited that we are all talking about it.
And now a conversation between
@RobertKennedyJr
& Nadine Strossen titled “The Importance of Civil Discourse, Free Speech and Debate in a Healthy Democracy”
@uaustinorg
@uaustinorg
@HonTonyAbbott
Your run of speakers is absolutely on 🔥.
It’s quite a precedent to set. Can’t wait to hear who you all are bringing to Austin next.
More amazing
#art
powered by
#technology
. This time we saw Quantum Jungle by
@Robin_B
. Art powered by Schrödinger’s Equation, we do live in interesting times.
@sxsw
#sxsw
@BillAckman
@nytimes
Fundamentally broken incentives structures.
We need new business models that create competition rather than capture and put the patient not only at the center, but in control.
@growing_daniel
Previous US peace deals put Palestinian statehood first, then broader Arab relations and none happened.
The Abraham Accords reversed this, starting with Middle East deals, and then deals actually were signed & implemented.
Why would the old strategy work now?
What is the
#Gundo
& what can be learned from it's meteoric rise into the startup zeitgeist? Joining me on the pod are
@isaiah_p_taylor
&
@johncoogan
to talk all things Gundo.
Highlights:
💡Idea > Geography
⚛️ Atoms vs. Bits
🔍 The Spotlight
🚀 Growth Lessons
⬇️ Links Below
@conorsen
I think the increase in housing supply over the last few years has a lot to do with it.
I am not sure what the outcome of the recent reg changes will be, but building more in the metro will have a stabilizing effect on price.
@Austen
The
@uaustinorg
was founded with $200M. We need people to build new!
Even with a cynical view that a person is only donating for prestige, what it is more prestigious being number 1234578 donor to Harvard or creating the next great school, scientific institution, or museum.
@KhoaVuUmn
This lives rent free in my brain. To make a drastic change in healthcare we have to create solutions & business models that move all conditions towards the top left.
Source: "The Innovator's Prescription" by Clayton Christensen.
What is current state & future for Austin's pre-seed and seed funding scene?
@krdonnelly
&
@rajivbala
give me their take from the trenches - We need more, but both are quite bullish.
Full podcast drops tomorrow - What's Next!
@LoewyLawFirm
Translation of both Harvard & Penn presidents statements:
"Now that everyone has seen how hypocritical and frankly terrible we are being, we would like to walk this back 🤫Plus we are not under oath now🤫"
In this spotlight we learn about
@CIBCInnovation
, how they are establishing a presence in Austin, and supporting and serving innovative companies across sectors.
What's next Austin?
@LoewyLawFirm
What shocks me more is the laziness & lack of creativity in the picture.
I was able to create these in about 5 minutes. You are telling me "professionals" who are clearly pushing an agenda couldn't come up with something better.
This legislative session will set the stage for the next decade plus. We dive into it with
@Texas2036
leaders
@AJRodriguez2036
&
@JohnHryhorchuk
. We talk the org's focus & the state's future in this fun dive into policy and data.
Find the episode here>>
Is it time for an Austin Museum of Innovation & the Future?
Is "museum" even the right word or would this be something new with a different purpose.
What do you think?
Here are some AI-generated versions of my vision. I'd love to see how others picture it.
What's Next?
@ATabarrok
Do you think the noncompete is explicitly priced into wages? That requires a level of 2nd order thinking that we don’t see in HR depts when determining pay bands.
Not a fan of noncompetes, especially on acceptance of a job. If someone wants to offer comp for it upon job exit,
@YIMBYLAND
Help me here. I see this specific reform talked about a lot, but unsure exactly what is and why it is being pushed as major housing reform.
Thanks for any clarification 🙏
A preview of tomorrow's episode w/Pano Kanelos President of
@uaustinorg
. We discuss the school's origin, building a new institution, how it fits in the
#innovation
ecosystem, and why
#Austin
.
It all starts though with how do we speak to each other.
🎙️ New
#AustinNext
Episode: Is Decentralized Science the Future of Discovery? 🔬
Join
@SeemayChou
,
@VincentWeisser
,
@AllisonDman
and me as we delve into the burgeoning world of decentralized science—a model promising faster breakthroughs, collaboration, and democratization.
I don’t think we are far away from the ChatGPT moment for robots.
I met “Miroka” from
@EnchantedTools
Enchanted won the
#SXSW
innovation award for product design & it’s easy to see why.
Whether it be in hospitals, mfg plants, or homes, robots are definitely What’s Next!
Can a nonprofit scale & innovate with venture?
@AlicePomponio
Managing Director of
@AmericanCancer
's VC arm joins me on Austin Next to discuss.
Episode Highlights:
🌉Bridging Discovery & Applications
💰ACS Impact
🤝Power of Partnerships
⚙Texas Accelerator
⬇️ Links below
@MattMackowiak
Definitely there are some amazing photos that look better than what I saw with my own eyes.
However there was something a bit magical and profound about experiencing the totality that the pictures don't convey. At least for me.
number of state AI legislative proposals has now blown past 700 bills.😳 And this doesn't include the huge array of local bills moving today.
Last week I released this
@RSI
essay on how, "California and Other States Threaten to Derail the AI Revolution":
✅12 workouts/13 days in 2024, thanks to my 5th attendance at
@ellebeecher
’s
@theboardtalks
. This week’s various dialogues were by far the most thought provoking.
I came to the walk with the following question: “What media has positively changed your view of a city and why?"
@ZacSolomon
@ellebeecher
I was at one of the few walks when
@ellebeecher
wasn't there and it still ran like clockwork.
And I 100% agree with your statement. The first time I attended a walk, I was blown away.
@Richard_Florida
Can't speak to Dallas or Houston, but my sense is that the Austin vacancy rate is being driven by
1) Increase in remote/hybrid so less footprint needed
2) High level of development in downtown just as CBD's losing some allure, hence all the subleasing.
Phenomenal event & this discussion by
@MichaelDell
,
@jimihendrixlive
, and
@JCHartzell
was a great way to kick off the day.
Austin’s Bio & Health ecosystem is on the rise. I can’t wait for tomorrow’s panels and firesides!
What’s Next Austin?
.
@MichaelDell
's business prowess and philanthropic generosity helped build Austin’s foundation to support what is now a burgeoning life sciences hub. On the 40th anniversary of
@Dell
's launch here on the Forty Acres,
@jimihendrixlive
and I asked Michael about what has made Dell
How does Austin look when comparing share of VC dollars across stages? The short answer: Pretty consistent with our overall position. The long answer: A surprise or two.
No shock that the Bay Area dominates from Seed to Series C, capturing between 30% and 45% of market share.
My
#SXSW
whirlwind is officially over, and I need a nap for the next week. This was my third time attending, and I definitely give this one an A+. Here’s a short recap:
My adventures began even before the official SXSW kickoff, with the 2nd Annual Life Science & Healthcare
A preview of tomorrow's episode w/
@cullumclark
of
@TheBushCenter
.
We talk the
#Texas
Triangle,
#Austin
's role, & how its model differs from other dynamic innovation regions both past and present.
What's next Austin?
@JimPethokoukis
Going to share
@whurley
's thoughts from our episode The Tech Tipping Point, that took place a few months ago.
Parallels your quote above & then supercharges it with the tools that are being created right now like
#GenAI
.
Today's guest is
@federallamm
, of
@itiscolossal
and
@form_bio
, a serial entrepreneur driven to solve the most complex challenges facing our planet. We talk about the
#Austin
Bio Sector, their distributed work model, and what's next for the region.