Posts from September 2016

The Sunk Cost Fallacy

A lot has been written about sunk costs.  It’s interesting when you see them in action.  I try to stay away from the sunk cost trap, but I admit sometimes it’s hard. If you don’t know what the Sunk Cost …

It’s Good To Remember

There will be a bunch of 9/11 remembrance posts today all over the web.  Facebook feeds will fill with photos of that terrible day and the beams of light NYC shoots into the sky to remember it. It’s good to …

The Founding Team: The Floundering Team

There has been a lot written about founding teams.  The textbook founding team has one or two technical people that can program.  They have another person that understands programming, and can create customers.  I think that too many teams check …

The New iPhone

I have a cell phone.  I am not a big “have to have the newest cutting edge” cell phone guy.  For startups, there are certainly differences in the way you have to program apps on them, and in the target …

Customer Retention is Also Everything

A while back I wrote a post about Sales is Everything.  This week, I am in California.  I was tasting wine at UNTI Vineyards and was talking to the owner.  He said, “There are three things in the wine business. …

Indexing Wins Again

A lot of folks are upset at all the money plowing into index funds on Wall Street. Most of the people that are upset earn fees from being an active trader, or managing money. But, the data shows that no …

Happy Labor Day

It’s Labor Day. In America, we started celebrating it in 1894. Unions were mostly good for American citizens in the first part of the century. Since then, they haven’t been when it comes to big companies. It was not only …

Wedding Songs

We are out in California at a family wedding. My nephew proposed, and got married to the love of his life. I love wedding celebrations. Being able to find someone you love and can spend the rest of your life …

Goin’ To California

We are headed out to California today. We will be in a few places in Northern California. Our nephew is getting married, so we decided to extend the trip. I am meeting with a few people when I am out …

VC Returns; What To Expect.

Yesterday, they published Andreessen-Horowitz venture fund returns. a16z shook up the VC world a bit when it started. They have done a lot of things differently, and other VC’s weren’t too happy. I don’t care too much about all that …

A Lot of Things Are Counter Intuitive

People try to make logical decisions and have logical opinions most of the time. Even if something they believe is illogical, they will rationalize it. I had never thought about the equal pay issue in this way before, but it …