In the U.K. the average home is only 915 square feet. In the U.S. the average new single-family home is 2,480 square feet.
Quotes
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I saw Bill Gurley say that you can only make money by being right about something that most people think is wrong. His logic was that you can’t make money by being wrong. And you can’t make money by being right about something everyone else knows. So you have to be right about something that most people think is wrong. I really like that framework.
@fredwilson
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Over half of my emails are calendaring related…so inefficient…which startup is going to solve this problem?
– @shaig (via theinternetwishlist)
Tungle was probably the most promising.
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Globalization and new technologies have increased the returns to being smart.
Ed Glaeser
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Simply put, urban centers are no longer the poster children for decay and despair; they have, in fact, become the country’s economic engines.
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Do our computer pundits lack all common sense? The truth in no online database will replace your daily newspaper, no CD-ROM can take the place of a competent teacher and no computer network will change the way government works…. What the Internet hucksters won’t tell you is tht the Internet is one big ocean of unedited data, without any pretense of completeness. Lacking editors, reviewers or critics, the Internet has become a wasteland of unfiltered data.
Newsweek from the 90s via Chris Dixon
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As a general rule, the most successful man in life is the one who has the best information.
Benjamin Disraeli
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People say startups are risky, but for me, working at a job my entire life seemed like the worst possible outcome, so starting a company was the least risky thing I could do. I think that’s what people mean when they talk about founders being a little crazy. I realize this is an unusual personality trait.
Arram Sabeti
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An important problem in a market economy, and the one the VC attempts to solve, occurs when an entrepreneur has a good idea, but no money, while investors have money, but no good ideas.
Steven N. Kaplan & and Josh Lerner. “It Ain’t Broke: The Past, Present, and Future of Venture Capital”
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Great businesses usually start off being a little contrarian. In the first few years, people will scratch their heads and won’t understand what the business is or how it will be successful. Then a few years later, they will start to understand. Being an entrepreneur means you want to be contrarian and right. If you’re the 50th daily deals site, you won’t succeed. It’s not contrarian (it’s trendy), and you’ll likely end up being wrong.