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@coontigo
Let me give you my narrative of seven or eight years of crisis. First of all, the crisis was a crisis of debt. In other words, the world had an awful lot of leverage. So let’s talk about debt. Debt has been identified as being the cause of many struggles in history, starting with theRead More
Despite the hypercapitalist spirit of its rise, litigation finance actually has its roots in antiquity. According to Max Radin, a historian of ancient city-states, members of Athenian political clubs would back each other in lawsuits against their rivals. Apollodorus, a wealthy banker’s son, bought shares of lawsuits and hired professional orators — some of the earliest lawyers in Western history — to write his court speeches. The Romans tolerated the practice in some cases until the sixth century, when it was banned by Emperor Anastasius. The Roman taboo on litigation finance, Radin writes, sprang from the idea that ‘‘a controversy properly concerned only the persons actually involved in the original transaction,’’ not self-interested meddlers. In medieval England, litigants could hire ‘‘champions’’ to represent them in ‘‘trial by battle.’’ By the late 13th century, these strongmen were being compared to prostitutes, and their prevalence hastened the movement of dispute resolution to the courtroom. During the Middle Ages, this concept of ‘‘champerty’’ — assisting another person’s lawsuit in exchange for a share of the proceeds — emerged as part of the larger ecclesiastical taboo against usury. Though the word was associated with feudal land grabs, Radin notes that in practice, champerty was used by rich lawyers ‘‘on behalf of propertied defendants.’’ In 1787, Jeremy Bentham, the political philosopher, mocked prohibitions on champerty as a holdover from feudal days, where courts were beholden to ‘‘the sword of a baron, stalking into court with a rabble of retainers at his heels.’’ Nevertheless, a vestigial squeamishness about investing in lawsuits made its way across the Atlantic. The first such disputes, early in the 20th century, were over contingency fees, the practice, now common, of lawyers taking on a case in exchange for a percentage of future damages. Unlike England, which still caps fees for winning solicitors, America was open to this kind of payment structure, in keeping with its frontier ethic toward credit and speculation. Twenty-eight states now explicitly permit champerty, as long as funders do not act out of malice, back frivolous lawsuits or exert too much control over trial strategy.
Should You Be Allowed to Invest in a Lawsuit?
By MATTATHIAS SCHWARTZ OCT. 22, 2015. The New York Times Magazine
Freehouse
The lawyers I worked with ran a valuable business, and they were impressive individuals one by one. But the relationships between them were oddly thin. They spent all day together, but few of them seemed to have much to say to each other outside the office. Why work with a group of people who don’t even like each other? Many seem to think it’s a sacrifice necessary for making money. But taking a merely professional view of the workplace, in which free agents check in and out on a transactional basis, is worse than cold: it’s not even rational. Since time is your most valuable asset, it’s odd to spend it working with people who don’t envision any long-term future together. If you can’t count durable relationships among the fruits of your time at work, you haven’t invested your time well—even in purely financial terms.
Peter Thiel: Zero to One: Notes on Startups, or How to Build the Future
“"We need to rethink our strategy of hoping the Internet will just go away."”
Dollar Auction
People don’t buy products, they buy better versions of themselves
"Here's what our product can do" and "Here's what you can do with our product" sound similar, but they are completely different approaches.
— Jason Fried (@jasonfried)
November 13, 2013
After a buffersocial post.
When confusions arise, he said, it is important to discuss them openly, even if that involves publicly pointing out people’s mistakes—a process he referred to as “getting in synch.” He added, “I believe that the biggest problem that humanity faces is an ego sensitivity to finding out whether one is right or wrong and identifying what one’s strengths and weaknesses are.
Mastering The Machine - The New Yorker
Before your first financing, every dollar you spend directly impacts your chances of staying afloat for another month. You probably can’t afford to pay your developers, let alone for their catered lunches. Unsurprisingly, frugality only comes naturally for some founders.
There is Always a Deal
A CEO does only three things. Sets the overall vision and strategy of the company and communicates it to all stakeholders. Recruits, hires, and retains the very best talent for the company. Makes sure there is always enough cash in the bank.
Whan a CEO does - AVC
Start where you are. Use what you have. Do what you can. – Arthur Ashe. #start #startup #startuplife #business #ceo #entrepreneur #quote #quotes #text
But while young founders are taking advantage of what is probably one of the best times to be raising venture capital, there can be serious downsides. When many angels are involved, for example, no one investor may feel compelled to help the company if it runs into trouble. Yet at the same time, having a dozen or more on-the-ground investors can also mean a dozen or more opinions about company strategy.
For Start-Ups, How Many Angels Is Too Many? - NYT
“All teams and organizations have all seven Culture Map colors, but in different proportions.A very quick overview for navigating the Culture Map colors:
Purple: Tribal us-against them mentality, rituals, tradition, unflinching belief in leader.
Red: Comfortable with chaos, act first, think later, shoot from the hip, get-it-done attitude.
Blue: Brings order and structure with reliable rules, processes and hierarchy.
Orange: Flexible, priorities based on business value, innovative and customer-driven.
Green: Humanity, camaraderie, consensus-driven, with emphasis on harmony above all.
Yellow: Curious, scientific, logical, rational, fact-based, data-driven and analytical.
Aqua: Big picture, systems thinking, with emphasis on the health of the organization first.
As with any culture, dominant aspects have their healthy and unhealthy sides, and it requires deep analysis and careful planning to make transitions from a current culture to a target state. “ via
The Amazon map: obsessed with the customer, speed to market and data.
vsee also: The Amazon Principles
Online Dashboards: Eight Helpful Tips You Should Hear From Visualization Experts
“There is no such thing as information overload, only bad design” - Professor Emeritus of Political Science, Statistics, and Computer Science at Yale University Edward Tufte The number of organizations working on data-driven projects increased by 125% in the past year. 44% of companies tackle big data “all the time.” 82% of executives call big data “important or mission critical.” How do we manage all this data? Interactive dashboards. This post has four sections (data, design, functionality, conclusion) that show how you can apply what experts say about dashboards. We used Plotly’s free online tool and APIs to create these graphs. So can you. Contact us if you want to use Plotly Enterprise on-premise. Scroll down to see an interactive version of this US population map.
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