Yesterday, Jack Dorsey published the below tweetstorm about Twitter's efforts to create a decentralized internet protocol for social media. What does this mean? Think along the lines of the Simple Mail Transfer Protocol (or SMTP). Some, or many, of you may not know what this is, but you almost certainly use it every day. It is fundamental to modern email communication. It is how emails get sent.
I would encourage you to click through to the entire thread. It all feels very topical. We are living in a world of recommendation algorithms and content designed to "spark controversy and outrage." Arguably, this is the result of social media companies being platforms (i.e. proprietary systems), as opposed to being based around open protocols. Twitter is trying to change that by funding a team. And that feels like a great -- and timely -- idea.
Yesterday, Jack Dorsey published the below tweetstorm about Twitter's efforts to create a decentralized internet protocol for social media. What does this mean? Think along the lines of the Simple Mail Transfer Protocol (or SMTP). Some, or many, of you may not know what this is, but you almost certainly use it every day. It is fundamental to modern email communication. It is how emails get sent.
I would encourage you to click through to the entire thread. It all feels very topical. We are living in a world of recommendation algorithms and content designed to "spark controversy and outrage." Arguably, this is the result of social media companies being platforms (i.e. proprietary systems), as opposed to being based around open protocols. Twitter is trying to change that by funding a team. And that feels like a great -- and timely -- idea.
Proposition C will be on San Francisco’s ballots this November 6th, 2018.
If approved by voters, the following additional taxes would be levied on businesses in order to create a dedicated fund to both support and prevent homelessness in the city:
For businesses that pay a gross receipts tax, an additional tax of 0.175 percent to 0.690 percent on those gross revenues in San Francisco over $50 million;
For businesses that pay the administrative office tax, an additional tax of 1.5 percent of their payroll expense in San Francisco.
Marc Benioff – the founder of Salesforce (which happens to be the city’s largest employer) – has emerged as the lead supporter of Prop C. Between personal and corporate funds, he has contributed almost $8 million to getting this passed.
But other billionaires in the Bay Area, such as Jack Dorsey of Twitter, have taken a different position, instead siding with Mayor London Breed, who does not support Prop C.
Proposition C will be on San Francisco’s ballots this November 6th, 2018.
If approved by voters, the following additional taxes would be levied on businesses in order to create a dedicated fund to both support and prevent homelessness in the city:
For businesses that pay a gross receipts tax, an additional tax of 0.175 percent to 0.690 percent on those gross revenues in San Francisco over $50 million;
For businesses that pay the administrative office tax, an additional tax of 1.5 percent of their payroll expense in San Francisco.
Marc Benioff – the founder of Salesforce (which happens to be the city’s largest employer) – has emerged as the lead supporter of Prop C. Between personal and corporate funds, he has contributed almost $8 million to getting this passed.
But other billionaires in the Bay Area, such as Jack Dorsey of Twitter, have taken a different position, instead siding with Mayor London Breed, who does not support Prop C.
The title of this post is a line from a Medium post that Biz Stone wrote back in August 2012. For those of you who might not know, Biz Stone is one of the cofounders of Twitter, as well as the cofounder of something called The Obvious Corporation.
Obvious is a “company” that I’ve been following on and off for a number of years – I’m fascinated by the model and how it has evolved. It was founded back in 2006 by Biz Stone and Ev Williams (another Twitter cofounder) as a kind of “product lab” for new ideas. But since then it has gone through a number of iterations.
Though I suspect that most people haven’t heard of Obvious, it was actually the parent company of Twitter before Twitter took off and became independent.
But even more interesting is the fact that Twitter was actually a side project for a company called Odeo (a failed podcasting startup) that in turn was owned by Obvious. So specifically, Twitter started as a side project of one of the companies within a larger “product lab.” Nobody said innovation was straightforward.
When Twitter eventually took off, their focus naturally shifted away from Obvious to it. They had a rocket ship of a company to build and run.
But in 2011, Ev and Biz, along with Jason Goldman (of Twitter), decided to “reboot Obvious.” The most notable outcome of this reboot has been the creation of writing platform Medium, which I believe still technically sits within Obvious. (Click here if you don’t know what Medium is.)
Then in December of last year (2014), Ev Williams announced the third chapter of Obvious – now called Obvious Ventures – with this post called: It’s Obvious. Again. In short, they’re a venture capital firm with an approach that they call #worldpositive:
We’re entrepreneurs. We’ve helped a lot of companies launch, grow, and generate great financial returns. A few of these companies also deliver positive social and environmental benefits with every dollar of revenue they earn. We want to fund and build more of those. That’s what we call #worldpositive venture capital.
Already they’ve publicly announced investments in 10 companies, one of which I’ve written about before on Architect This City (Flux.io).
I decided to tell this story today for 3 reasons.
It shows you how non-linear innovation and careers can be. I love the idea of #worldpositive investing. And finally, because some of the startups that Obvious Ventures has invested in – such as Flux.io and Loup – are directly related to the future of cities.
The title of this post is a line from a Medium post that Biz Stone wrote back in August 2012. For those of you who might not know, Biz Stone is one of the cofounders of Twitter, as well as the cofounder of something called The Obvious Corporation.
Obvious is a “company” that I’ve been following on and off for a number of years – I’m fascinated by the model and how it has evolved. It was founded back in 2006 by Biz Stone and Ev Williams (another Twitter cofounder) as a kind of “product lab” for new ideas. But since then it has gone through a number of iterations.
Though I suspect that most people haven’t heard of Obvious, it was actually the parent company of Twitter before Twitter took off and became independent.
But even more interesting is the fact that Twitter was actually a side project for a company called Odeo (a failed podcasting startup) that in turn was owned by Obvious. So specifically, Twitter started as a side project of one of the companies within a larger “product lab.” Nobody said innovation was straightforward.
When Twitter eventually took off, their focus naturally shifted away from Obvious to it. They had a rocket ship of a company to build and run.
But in 2011, Ev and Biz, along with Jason Goldman (of Twitter), decided to “reboot Obvious.” The most notable outcome of this reboot has been the creation of writing platform Medium, which I believe still technically sits within Obvious. (Click here if you don’t know what Medium is.)
Then in December of last year (2014), Ev Williams announced the third chapter of Obvious – now called Obvious Ventures – with this post called: It’s Obvious. Again. In short, they’re a venture capital firm with an approach that they call #worldpositive:
We’re entrepreneurs. We’ve helped a lot of companies launch, grow, and generate great financial returns. A few of these companies also deliver positive social and environmental benefits with every dollar of revenue they earn. We want to fund and build more of those. That’s what we call #worldpositive venture capital.
Already they’ve publicly announced investments in 10 companies, one of which I’ve written about before on Architect This City (Flux.io).
I decided to tell this story today for 3 reasons.
It shows you how non-linear innovation and careers can be. I love the idea of #worldpositive investing. And finally, because some of the startups that Obvious Ventures has invested in – such as Flux.io and Loup – are directly related to the future of cities.
