What the President Cannot Do
Our new President addressed Congress last night. Most years this is called the State of the Union address, but given that President Trump has only been in office for a little more than a month he's not really in a position to take the blame or the credit for the state of the nation, so this time around it's just a speech given in front of the ( Read more... )
I have been living in the belly of the beast for the last half year. Working in a small company that is also trying to disrupt an established industry. What is most interesting is the relative lack of business savvy of a lot of the people involved. There is no clear plan how we can make money, no clear strategy beyond the next sprint. It could be characterized as a bunch of nerds having fun with technology but someone is paying for it. Money just seems to flow into a business that promises disruption irrespective of any credible long term business plan.
Initially I was working under the assumption that I had incomplete information and must be missing the big picture. The longer I look the more apparent it becomes that there is no really route to a profitable long term business. Maybe the plan is to build a saleable IP portfolio. Maybe we can be enough of a nuisance to one of the existing players in our market that they will buy us. I remain sceptical about both potential scenarios.
I can't help but wonder if the chaos created by the cycles of disruption means that there are always opportunities for those investors. Crash an established market and you might be able to buy up a few old asset and IP rich business or just shake them out.
I guess that is what is implied by creative destruction although it all seems a little haphazard.
Maybe I'm looking for a plan that isn't there. Maybe some people just have too much money and need something to do with it?
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