Subscribe
- by rinatus (rinatus) on 500px
Today I’m thinking about extraversion and third places within cities.
As many of you I’m sure know, the idea of a third place is that after your home (first place) and your work (second place), cities have what are known as third places. This could be a coffee shop, a barber shop, or a public space (to name only a few examples).
This, of course, is not a new idea. For decades people have been arguing that third places are essential for establishing a sense of community, place, and belonging. In fact, this emphasis on third place is one of the ingredients that made Starbucks so successful.
But with the rise of the internet and freelancing, third places are becoming even more important. That’s why coffee shops have become arguably the best example of a third place in today’s cities. They’ve even become the new second place for some (many?) people.
But beyond just a place to meet and socialize, I’ve been thinking today (while I was at a third place) about the psychological benefits of these spaces.
For example:
One of the key differences between extraverts and introverts is where they draw their energy from. For introverts, they tend to draw it from within. In order to recharge, they often feel the need to retreat and be left alone. Extroverts, on the other hand, draw their energy from the outside world. They charge up by being around other people.
When I was completing my MBA at Rotman, one of the things they had us do at the beginning and at the end of the program was complete the Myers-Brigg personality test.
In both instances, I was as extroverted as they come (I am consistently what is known as an ENTJ). And from experience, I can say that I definitely feed off the energy of other people.
But the interesting thing about this – to tie both of these topics back together – is that there appears to be a clear correlation between extroversion and a preference for living in urban centers. And given what I just said, that probably makes sense to you.
So if you too classify yourself as an extroverted person, then third places are more than just a busy coffee shop or a vibrant public space. They are where you derive your energy and where you feel alive. And that’s a pretty powerful thing in my view.
Earlier this week Richard Florida published on article on CityLab talking about the relationship between tech innovation (in cities) and inequality. Specifically, the article deals with the correlation between venture capital investment and a variety of factors, such as monthly housing costs, wage and income inequality, and so on.
The intent of the piece was to address the growing backlash against tech workers – in places like San Francisco – who have become the symbol for the growing gap between the rich and poor.
The strongest correlation appears to exist between venture capital investment and housing costs. As the amount of venture capital goes up, so do housing costs – which probably shouldn’t surprise you. The rich start outbidding the poor for housing. Note: The two outlying dots at the top right, in the graph below, are Silicon Valley and San Francisco.
But when it comes to inequality, the relationship isn’t so clear. For wage inequality, there seems to be a relationship. But for the broader income inequality measure, the relationship is fairly weak. Here’s the graph:
So this is not as black and white as it might seem. Regardless, Florida ends the piece with the following statement (that I think is spot on):
It’s time to stop pointing fingers and get on with the far more important task of harnessing the urban tech revolution to create a new urban middle class and a more inclusive urbanism—one in which many more workers and residents can participate, and one from which many more can benefit.
The answer is not to stop innovating. That would be counterproductive. We should be be encouraging innovation, but at the same time figuring out how best to harness it for society as a whole.
Tomorrow, I’ll touch a bit more on how we might go about doing that. I have a post planned that I think will tie in really nicely to this discussion. So stay tuned.
Earlier this week a good friend of mine from Rotman, Frank Luengo, launched his own blog called Frank’s Vault.
Given that he has used the same theme as I have here, I like to think it was inspired by ATC :) But whatever the case may be, his mission is: “…to simplify the complicated, and to bring Bay Street and Main Street a little closer together.” In other words, it’s a finance blog. And I’m really enjoying it so far.
Last summer Frank told me that he was thinking about starting this and so I’m thrilled that he finally decided to do it. I’ve talked many times before about the benefits of personal blogging, and so I won’t repeat them here. But I did want to mention one other thing. When Frank told me he launched, one of the first things I did was congratulate him on claiming frankluengo.com.
And I did that because I’m a big proponent of owning your firstnamelastname.com. I look at internet domains as virtual real estate and I, therefore, look at firstnamelastname.com as your own piece of branded real estate on the internet. If you don’t buy it up, somebody else will. That’s obviously why I own brandondonnelly.com and why I host ATC on it.
But since I’m such a believer in real estate – both the offline and online varietals – I actually own many others. I also own brandondonnelly.co, brandondonnelly.ca, and brandondonnelly.me. The latter one links to my tumblog, and the first 2 just redirect to this site. I don’t derive much utility from having all these URLs, but I just want them so that nobody else can get them.
So if you haven’t yet thought about it, I would encourage you to think about claiming your own piece of real estate on the internet. I use Namecheap.com to buy my domains, but there are many others out there.
- by rinatus (rinatus) on 500px
Today I’m thinking about extraversion and third places within cities.
As many of you I’m sure know, the idea of a third place is that after your home (first place) and your work (second place), cities have what are known as third places. This could be a coffee shop, a barber shop, or a public space (to name only a few examples).
This, of course, is not a new idea. For decades people have been arguing that third places are essential for establishing a sense of community, place, and belonging. In fact, this emphasis on third place is one of the ingredients that made Starbucks so successful.
But with the rise of the internet and freelancing, third places are becoming even more important. That’s why coffee shops have become arguably the best example of a third place in today’s cities. They’ve even become the new second place for some (many?) people.
But beyond just a place to meet and socialize, I’ve been thinking today (while I was at a third place) about the psychological benefits of these spaces.
For example:
One of the key differences between extraverts and introverts is where they draw their energy from. For introverts, they tend to draw it from within. In order to recharge, they often feel the need to retreat and be left alone. Extroverts, on the other hand, draw their energy from the outside world. They charge up by being around other people.
When I was completing my MBA at Rotman, one of the things they had us do at the beginning and at the end of the program was complete the Myers-Brigg personality test.
In both instances, I was as extroverted as they come (I am consistently what is known as an ENTJ). And from experience, I can say that I definitely feed off the energy of other people.
But the interesting thing about this – to tie both of these topics back together – is that there appears to be a clear correlation between extroversion and a preference for living in urban centers. And given what I just said, that probably makes sense to you.
So if you too classify yourself as an extroverted person, then third places are more than just a busy coffee shop or a vibrant public space. They are where you derive your energy and where you feel alive. And that’s a pretty powerful thing in my view.
Earlier this week Richard Florida published on article on CityLab talking about the relationship between tech innovation (in cities) and inequality. Specifically, the article deals with the correlation between venture capital investment and a variety of factors, such as monthly housing costs, wage and income inequality, and so on.
The intent of the piece was to address the growing backlash against tech workers – in places like San Francisco – who have become the symbol for the growing gap between the rich and poor.
The strongest correlation appears to exist between venture capital investment and housing costs. As the amount of venture capital goes up, so do housing costs – which probably shouldn’t surprise you. The rich start outbidding the poor for housing. Note: The two outlying dots at the top right, in the graph below, are Silicon Valley and San Francisco.
But when it comes to inequality, the relationship isn’t so clear. For wage inequality, there seems to be a relationship. But for the broader income inequality measure, the relationship is fairly weak. Here’s the graph:
So this is not as black and white as it might seem. Regardless, Florida ends the piece with the following statement (that I think is spot on):
It’s time to stop pointing fingers and get on with the far more important task of harnessing the urban tech revolution to create a new urban middle class and a more inclusive urbanism—one in which many more workers and residents can participate, and one from which many more can benefit.
The answer is not to stop innovating. That would be counterproductive. We should be be encouraging innovation, but at the same time figuring out how best to harness it for society as a whole.
Tomorrow, I’ll touch a bit more on how we might go about doing that. I have a post planned that I think will tie in really nicely to this discussion. So stay tuned.
Earlier this week a good friend of mine from Rotman, Frank Luengo, launched his own blog called Frank’s Vault.
Given that he has used the same theme as I have here, I like to think it was inspired by ATC :) But whatever the case may be, his mission is: “…to simplify the complicated, and to bring Bay Street and Main Street a little closer together.” In other words, it’s a finance blog. And I’m really enjoying it so far.
Last summer Frank told me that he was thinking about starting this and so I’m thrilled that he finally decided to do it. I’ve talked many times before about the benefits of personal blogging, and so I won’t repeat them here. But I did want to mention one other thing. When Frank told me he launched, one of the first things I did was congratulate him on claiming frankluengo.com.
And I did that because I’m a big proponent of owning your firstnamelastname.com. I look at internet domains as virtual real estate and I, therefore, look at firstnamelastname.com as your own piece of branded real estate on the internet. If you don’t buy it up, somebody else will. That’s obviously why I own brandondonnelly.com and why I host ATC on it.
But since I’m such a believer in real estate – both the offline and online varietals – I actually own many others. I also own brandondonnelly.co, brandondonnelly.ca, and brandondonnelly.me. The latter one links to my tumblog, and the first 2 just redirect to this site. I don’t derive much utility from having all these URLs, but I just want them so that nobody else can get them.
So if you haven’t yet thought about it, I would encourage you to think about claiming your own piece of real estate on the internet. I use Namecheap.com to buy my domains, but there are many others out there.
Share Dialog
Share Dialog
Share Dialog
Share Dialog
Share Dialog
Share Dialog