Tuesday, July 28, 2009

"Health Care Mythology"

Excellent post by Cliff Asness that it deserves its own spot on my blog :)

Health Care Mythology
By Clifford Asness

What We Know That Ain't So


Will Rogers famously said, "It isn't what we don't know that gives us trouble, it's what we know that ain't so."[1] So it is with the health care debate in this country. Quite a few "facts" offered to the public as truth are simply wrong and often intentionally misleading. It seems clear that no truly productive solution will emerge when these false facts represent our common starting point. So, this essay takes on the modest task of simply disabusing its readers of some untrue notions about health care.

I do not take on the harder task of prescribing how we should (and if we should) reform health care, though I offer a few thoughts. Important work must be done here by those who understand, far better than I, the details of health care provision. However, no details are necessary for this essay, and no animals (though perhaps some egos) were harmed in its creation. The fallacies I present are basic and it takes only a rational economic framework to expose them... (full post)

Related news:
"CBO deals new blow to health plan" Politico

"Dean: ‘What’s the point of having a 60 vote majority’ if you can’t pass health reform?" ThinkProgress

TEDTalk: Alain de Botton: A Kinder, Gentler Philosophy of Success

"Alain de Botton examines our ideas of success and failure -- and questions the assumptions underlying these two judgments. Is success always earned? Is failure? He makes an eloquent, witty case to move beyond snobbery to find true pleasure in our work."

This presentation was at last week's TEDGlobal conference held at Oxford, UK.




Alain's reference to St. Augustine's City of God was excellent because whether you believe in a God, gods or no gods, such thinking puts you in a certain perspective. I believe much of what we have achieved is by grace or what others would call luck. I am not disregarding personal and professional development, but believe that the starting point in life is a huge driving factor of "success" or comfort in life.

If I was not blessed to be born into a stable family with loving parents and a modest amount of wealth, life would have been very different today than if I was born into poverty. I still remember the children from Alex Kotlowitz's There Are No Children Here who never assumed adulthood was a given.

"If I grow up, I want to be a bus driver..."

It's not just about wealth. It's a blessing to grow up healthy without a major accident or disability. Or a difficult family situation. These are all factors into the development of relational success, financial success and professional success.

If you accept the premise of a supreme being or a force far greater than yourself, then your personal ego or idol of self becomes smaller and you accept the uncertainty of success, failure and everything in between.

Monday, July 27, 2009

News & Links List

"Skilled Immigrants on Why They're Leaving the U.S.
A long wait for a green card, coupled with the soft U.S. economy, is prompting an exodus of some of the best and brightest"
BusinessWeek

"Stealth Search Engine Blekko Raises $11.5 Million" TechCrunch

"Why corporations must return to investing in venture capital" VentureBeat

"Bill Gates: My 1979 Memories" Gizmodo

"John Battelle: Sell as little as possible
Founder of Federated Media and The Industry Standard shares lessons as an entrepreneur"
VatorNews (video)

"Goldman and JPMorgan -- The Two Winners When The Rest of America is Losing" Robert Reich

"The Most Misunderstood Man in America
Joseph Stiglitz predicted the global financial meltdown. So why can't he get any respect here at home?"
Newsweek
HatTip to Patrick P.

"CNN: Paul Kagame talks about Dead Aid and China"

CNBC: Power of Social Networking

"Social media is leading the biggest transformation in communication and advertising since e-mail. CNBC's Julia Boorstin takes a look at the power in social networking for companies and individuals." (embed code from their site is off since there is so much space here)











MiLi Pro: iPhone, iPod Video Projector

Very cool iPhone accessory launching in September 2009:

Announcing the PhoneSuit MiLi Pro...
The MiLi Pro is a breakthrough in iPhone and iPod accessory technology. It's an iPhone / iPod compatible, rechargeable, micro video projector. The power of the PhoneSuit MiLi Battery has been coupled with the convenience of a portable video projector and speaker system. Watch all of your movies, video clips, podcasts and more with ease! Now you can carry your own personal movie theater with you, anywhere you travel.

Innovative Micro Projector Technology

The MiLi Pro incorporates the latest in technology, an LCOS, LED driven micro projector. This ultra-compact projector fits in the palm of your hand. It has the capability to display 640x480 high resolution images on most any viewing surface. Use the focus wheel to fine tune your image quality. Scale your iPhone's video up to a 40 inch for screen for eye strain free, relaxed viewing.

Friday, July 24, 2009

Clayton Christensen's Free-market Solution to Healthcare

Over at BigThink, Clayton Christensen, Harvard Business School Professor and author of The Innovator’s Dilemma, discusses how government should be hands off in healthcare reform.

Berkeley Ventures, A New Startup Accelerator

Another startup accelerator has launched and finally one where its HQ is in the Bay Area.
Berkeley Ventures
seems to follow the mold of Y Combinator and Techstars which is helpful for a good segment of entrepreneurs.

They will seed an idea with $5,000 to $10,000 and take 3% to 9% of the company. More from their site:


Berkeley Ventures
is an accelerator which helps serious entrepreneurs bring their innovations to the world. We are focused on helping startups in sectors including, but not limited to, internet, software, mobile, clean energy, and gaming. We offer access to mentors and advisers, introductions to investors, incubator space, connections to local talent/resources, and a year round program to help these companies grow.

We are currently accepting applications for companies that are seeking mentorship and seed funding.

Wednesday, July 22, 2009

News & Links List

"Amazon Buys Zappos; The Price is $920m., not $847m" TechCrunch

"Zappos CEO Wanted To Stay Independent, Sequoia Wanted Liquidity—Sources" peHUB

"Bill Gates offers the world a physics lesson" CNET

"Laid Off? It's Good for You and Good for the Tech Industry" WIRED

"Ex-Goldman Exec Proves You Can Run a Nasty Blog About Your Former Employer" BNET

"Khosla Bucks VC Fundraising Drought" Forbes

"Top 5 mistakes people make while creating web-based social software" Tekriti

"A Farewell to Harms
Palin was bad for the Republicans—and the republic."
by Peggy Noonan

"Black America's New Reality" Washington Post, Eugene Robinson

"The Case for Convergence: Things have changed (but not completely)" InsideWork, Brett Johnson

"Woods needs to clean up his act" ESPN, Rick Reilly

"International Religious Freedom Advocacy: A Guide to Organizations, Law, and NGOs"

International Religious Freedom Advocacy: A Guide to Organizations, Law, and NGOs is a new book by H. Knox Thames, Chris Seiple, and Amy Rowe. Here's an overview:

"A unique guidebook for engagement, providing helpful insights into the tangled web of international organizations, international law, and non-governmental organizations that work to advance religious freedom worldwide. This handbook focuses on the practical; it is neither an exhaustive encyclopedia nor an academic treatise debating the "theology" of religious freedom. It is a user-friendly, straightforward tool for empowering would-be advocates to effectively promote religious freedom."

Some praise for the book:

"Drawing on a wealth of first-hand experience, Chris Seiple, Knox Thames, and Amy Rowe have produced a serious, systematic guide to the complex world of international religious freedom advocacy. From the UN to the EU to the African Union, International Religious Freedom Advocacy offers individual religious freedom advocates a unique ‘how-to’ manual to the daunting task of navigating multinational organizations and global NGOs. This book is an important contribution to the field."
— Walter Russell Mead, Henry A. Kissinger Senior Fellow for U.S. Foreign Policy at the Council on Foreign Relations

"A long overdue work of practical scholarship for policymakers and advocates alike. It is certain to become a standard in the classroom and in the field."
— Madeleine K. Albright, former U.S. Secretary of State

"This Handbook outlines practical and clear strategies for advocates of religious freedom. As Pope Benedict XVI reminded us on his visit to the United States: 'The task of upholding religious freedom is never completed.' This Handbook will help advocates to uphold religious freedom and by so doing promote justice and peace in the world."
— Cardinal Theodore E. McCarrick, Archbishop Emeritus of Washington

Tuesday, July 21, 2009

Craziness of Christine Ahn and the Korea Policy Institute

Once in a while you come across such an outlier perspective on an issue that it's difficult to categorize as "far left" or "far right." Just reading a piece by Christine Ahn and Thomas Kim of the Korea Policy Institute it's not even possible to label it "far, far left" or "extreme left" because a couple of my far left friends didn't welcome such a viewpoint so one word remains: crazy.

This is the second crazy piece I read from Christine Ahn and beginning to believe she's from the halls of Pyongyang or Venus. Her latest article, "The Untold Story Behind Human Rights Violations in North Korea," states such fantasied notions as questioning why North Korea is on the State Department's terrorist list and being "tarred with the label of human rights abuser."

I doubt recent news of North Korea's increased missile threats and the recent plight of Laura Ling and Euna Lee will sway Christine or Thomas.

They even bring forth such a frivolous argument against sanctions because "no domestic group within North Korea supports sanctions, as did the African National Congress in South Africa and the National League for Democracy in Burma." Eh? It's a dictatorship. Hello!

So do they believe there are no concentration camps in North Korea? And no human rights violations? The food aid that was flowing into North Korea for years was not being diverted to the military or black markets? Do they believe there should be increased aid from South Korea or elsewhere? All very puzzling to me.

Thursday, July 16, 2009

Doom & Gloom Reports on the Economy

This week was doom and gloom from several writers. Forbes' David Malpass had a good piece, "Need Game Changers, Not 'New Norm'", but it's not posted online yet. Here are a couple others:

"The Bernanke Market
We won't get real growth until Congress and Treasury get policy right."
WSJ, Andy Kessler

"The Economy Is Even Worse Than You Think
The average length of unemployment is higher than it's been since government began tracking the data in 1948."
WSJ, Mortimer Zuckerman

@Fakesacca is Friggin Hilarious

If you're in Silicon Valley and know of Chris Sacca, you'll find @fakesacca friggin hilarious.

Some favorites:

Could 470 of you stop following me? I promised Gisele & Tom they could be my 110,000th followers. Come back in right after the bride & groom
1:43 PM Mar 3rd from web

Wow, not sure what city i'm in. The food says London, the prices say Tokyo, and the women say Los Angeles. I'm going w/ Hong Kong.
10:39 PM Feb 19th from web

Wednesday, July 15, 2009

Canaan Entrepreneur Pitchbook

Good overview for entrepreneurs by Canaan Partners, a venture capital firm. After seeing my "Startup Fundraising 101" slides, they were nice enough to ping me and let me know about their "Entrepreneur Pitch Workbook."

Tuesday, July 14, 2009

A Funding Round is Never Closed Until Money is in the Bank

My close friend Jimmy Kim that I mentioned in my recent VentureBeat piece ("Startup Fundraising 101") pinged me about a critical point I forgot to list, which is NEVER ASSUME A DEAL IS CLOSED UNTIL MONEY IS IN THE BANK.

We experienced and know of verbal commitments that went south, signed terms sheets that went south, and other situations where investors backed out unexpectedly. So we eventually learned that even a signed document wasn't good enough until MONEY WAS IN THE BANK.

Friday, July 10, 2009

Conference Hopping Today: TechCrunch's Real-Time Stream & Guy Kawasaki's Revenue Bootcamp

I'm conference hopping today before I take off for Chicago today to meet Christine and our girls. I'm at Guy Kawasaki's Revenue Bootcamp this morning and headed to TechCrunch's Real-Time Stream event later today.

Slice of Revenue Bootcamp
Keynote
Chris Anderson, Editor in Chief, Wired magazine
Author of Free: The Future of a Radical Price
11:00am - 12:00pm

Is the Advertising Model Dead?
1:30pm - 2:30pm
This panel answers questions like: Can you build a real business around advertising revenues? What does it take to optimize ad revenue? Are new ad techniques energizing?

Samir Arora - Chairman and CEO, Glam Media
Neil Chase - Vice President for Author Services, Federated Media
Xavier Zang - Publisher Partner Management, Microsoft
Tim Kendall - Director of Monetization, Facebook
David Kopp - Senior Director, N. American Ads, Yahoo!
Bill Reichert - Moderator. Garage Technology Ventures

Slice of Real-Time Search
9:00 - 9:45 am
The Real Time Opportunity
Q&A with leading angel investors John Borthwick and Ron Conway, moderated by Michael Arrington and Steve Gillmor.

9:45 - 10:30 am
The Real Time Moment

* Jack Dorsey, Twitter
* Chris Cox, Facebook
* Bret Taylor, Friendfeed
* Erick Schonfeld, TechCrunch (moderator)

Michael Jackson Farewell Trends

Slides from Trendsspotting.com.

Wednesday, July 8, 2009

Startup Fundraising 101

My article at VentureBeat's Entrepreneur Corner is up:

"Startup Fundraising 101"

The slides in the article and below are actually from an older version, but the newest one was on my laptop that got stolen this past weekend. Not sure if I'm up for recreating this document since I can't remember all the minor tweaks (e.g. slide 12 mentioning Reed Hastings and Judy Estrin instead of Marc Andreessen) I did :(

Tuesday, July 7, 2009

Visiting Indianapolis

Didn't blog yesterday and probably not today due to our trip to Indianapolis. Christine's brother is moving there from Seoul to teach and research at a medical school here for two years, so we're helping them get settled since they have 4 daughters!

Here's my TripAdvisor map, which I just updated now:

Friday, July 3, 2009

TEDTalk: John La Grou Plugs Smart Power Outlets

"John La Grou unveils an ingenious new technology that will smarten up the electrical outlets in our homes, using microprocessors and RFID tags. The invention, Safeplug, promises to prevent deadly accidents like house fires -- and to conserve energy."

"5 Pathetic Groups That People Think Rule the World"

HatTip to Dave M. Whacky post from the guys at Cracked:

5 Pathetic Groups That People Think Rule the World

Oh, look, they made another Dan Brown movie at some point. Angels & Demons deals with the deep dark secret organization, The Illuminati, and their attempts to control the world, which means you're probably going to be hearing a lot about that in the next few months on certain, paranoid websites.

Yes, wide-ranging conspiracy theories aren't limited to pulp novels reenacted by a terrible Tom Hanks haircut. YouTube and Digg comments and countless blogs are full of people ranting about the secret elite who are out to enslave all of us.

They have a lot of reasons for believing the following groups are the guilty parties behind everything wrong with the world, and most of those reasons are very, very retarded... (full post)


I remember living in Springfield, IL and talking with some retired state employees who were ushers at the IL State Capitol. It was amusing because a couple of them believe in "those black helicopters from the U.N." and the "seven gnomes of Switzerland" who ruled the world.

Also the first conspiracy theory is more amusing since my uncle is part of the Trilateral Commission. Where do people come up with these ideas? And I don't believe Cracked left the "seven gnomes of Switzerland" out who are supposedly seven Jewish bankers that rule the world.

Wednesday, July 1, 2009

Central YMCA in San Francisco Closes After 99 Years


Christine and I have been serving on the Shih Yu-Lang Central YMCA's Board of Managers since 2005. This YMCA is different than the YMCA that was in my hometown of Northbrook, IL, a suburb of Chicago, which primarily provided a fitness facility and youth summer camps. The Central YMCA is located in the heart of the Tenderloin in San Francisco, which is its poorest district. It provided health and fitness facilities like most YMCAs, but more importantly to us it provided youth programs for at-risk children and effective programs for seniors in the area. This Y also provided a stable element in a neighborhood where instability and chaos was the norm.

Tonight I attended an event honoring the 99 years of this location's existence and the closing of this facility. It's amazing to hear and listen to the stories of this Y's impact on its members and the community. People that have been attending for decades with loyalty, youth who found refuge in its walls, and the support and care that was provided over the past years. This chapter of history is closed.

The building will be converted into an affordable housing complex for homeless and low-income residents. The youth and senior programs will continue and all fitness members will be able to continue their membership at any other YMCA in San Francisco.

During this transitional period, we will be seeking to build a new facility in the Tenderloin. It's early so there is a lot more work do to before any real progress is stated, but our parent organization, the YMCA of San Francisco, has committed to building a new Y in the Tenderloin with us.