Return On Effort
"This time he was here to help us understand some truths about how we really run the business, make decisions, and value what's worth doing. When I say value, I don't mean a list of generalized "values", or the bullshit phrase of "adding value", but how we attribute value when evaluating our options and making tradeoffs."
💬 Jason Fried
🚧 Coordination Costs
The Stripe co-founders were candid about their failure to predict where the economy was heading. They also said they overspent on things like “coordination costs.” That’s not a term I’ve heard before, but I suspect it is a reflection of getting too big and too inefficient.
💬 Jessica Lessin
It's a new term to me aswell - BUT recently on LinkedIN there was a meme running around - which used this graphic.
It's pretty self explanatory. The formula is that for every person you add to an organisation, the number of potential conversations increases - a lot. If 'n' is the number of people in an organisation, the number of potential conversations is n-1 + n-2 + n-3 .... in other words ...
3 people ... 2 + 1 = 3 4 people ... 3+2+1 = 6 5 people ... 4+3+2+1 = 10 6 people ... 5+4+3+2+1 = 15
And adding 1 person to a 10,000 person organisation adds 10,000 possible new lines of communication.
Farewell ‘Revue’ … I guess?
DALL-E Now available through an API … hang on to your hats!
Bye bye Grammarly for Safari - I’m sure you are lovely and all that - BUT - you gotta stop being intrusive.
Day 4: admiration
The word admiration can be overused, which is why I rarely use it - so that when I do - it means something.
Air New Zealand names AirTag baggage trackers as prohibited checked items.
Just about 8 weeks AFTER Lufthansa made the same announcement and 7 weeks AFTER they then ‘backtracked on the trackers'.
Seems that AirNZ is not going to move as fast.
Air New Zealand will conduct its own safety review of these products in early 2023
.. because of course, NZ is about to go on its annual two-month holiday!
Day 3: license
Happy to report that my new kiwi driver’s license was safely delivered this week.
Accounting Practice At Uber
‘The Information’ reports this morning (my bold)
Uber said its mobility division (the ride-hailing business most people know the company for) brought in $3.8 billion in revenue in the most recent quarter, growing 73%. But baked into that number is $1.1 billion flowing from a change earlier this year that prompted Uber to start recording all the fares it gets in the U.K. as revenue, instead of just the take rates remaining after the company pays its drivers.
I assume this is because Uber lost the battle in the courts about whether the drivers worked for them or were independent in the UK. So - if they work for them, then the whole ride is revenue. BUT - there will now be a flip side to that, in that there are now a whole lot of expenses on the other side that need to be taken out.
Is there an accountant in the house that is tracking the shenanigans that is - and seemingly always will be - ‘Uber’.
The lurid fall of evangelical pariah Jerry Falwell Jr.
“after a series of personal scandals that would have made even Trump blush.”
Seriously? Someone still thinks that there is something that would make ‘45’ blush?
One day reporting will get real.
The latest Jason Bourne …. ‘The Bourne Inebriation’.
Funny.
Apple needs to think through their ‘remind me’ functionality in mail …
- you can only set ‘remind me’ in INBOX
- when you set ‘remind me’ - the message remains visible in INBOX
- if I move the message to archive, the remind me is cancelled
so why do I need it?
Day 2: feast
The expression ‘feast or famine’ certainly describes my approach to blogging!
It seems you can’t add two iPad displays to your mac … #firstworldproblems
I have held off importing my full OPML into Feedland … to honor the request not to overload the system.
Feedland question for @dave … when will it be ok to do that upload?
Day 1: figure
Thanks to @simonwoods who called out @jean who just launched Microblogvember 2022.
Really? It’s that time of the year again?
Figure I’ll join in since I can!
Please Stop Calling It A Newsletter
“The trend that Substack is part of is not a newsletter trend, or even the much-hyped creator economy. We are part of a seismic shift in the media economy that is all about writer and creator ownership and independence. When writers are in charge, they can do the work they believe is most important, have a direct relationship with their readers, and have the potential to make far more money than they could get from being an employee who produces content for others to own and disseminate.”
Rewriting History - In A Good Way
In many ways the 1619 Project is focused on unpacking actual history from the American narrative of history.
Meanwhile, I continue to be bowled over by the story/stories that are emerging in Rachel Maddow’s new podcast. I am so often amazed that I jump onto the internet to cross-check what I am hearing but the fact is that though the Ultra Podcast is telling a different story - it is again focused on unpacking history from the American narrative of history.
Unlike the 1619 project - Maddow’s story is much more recent and there are many accounts, news items, photographs and stories just out there for anybody to read and hear. Maddow has just done a great job in connecting the dots - because it is all otherwise ‘hidden in plain sight’.
It’s too obvious to go into the parallels of these stories from the late 30s and early 40s to the more recent stories of the late 10s and early 20s.
What is mind-blowing is that until Maddow came out with this podcast, this whole sad thing was buried, lost and forgotten.
My prior posts re Ultra …
Developers Don't Know What They Don't Know
An old adage - but is ‘top of mind’ recently.
-
If the IRS want ‘a little chat with you’ …. would you ‘do some research’ and then take the case on, or go find a tax accountant?
-
If you needed medical attention would you have a friend ‘check out the symptoms and then diagnose you - or would you go to a doctor?
-
If you were sued for malpractice … get a lawyer - or ‘bone up’ on what youneed to know
…. you know the list is endless.
There is a tech podcast I listen to regularly - and a recurring theme is the difficulty of doing sales and marketing …
The solution - apparently - is to do some internet research - and ‘fix the problem’.
As I say - recurring.
I don’t listen to every edition - but I listen enough to be confident in my assertion that ‘they have not ever reached out to a professional sales / marketing person that could help them and I wonder why this is?
I do lay part of the blame at the feet of those people who lead those disciplines. I do understand that there are schmucks in those two worlds that makes you wonder how they make a living - but we also know there are bad lawyers, bad accountants, bad doctors ….
But Sales and Marketing? It can’t be that hard … I’ll read up and solve my problem.
Meanwhile
I find that it is tech-oriented people who are particularly flawed when it comes to this kind of ‘thinking’ - and I use that word loosely.
Anyway - that’s all I have to say. Right now I have an app to build this week. It’s all worked out. This afternoon I am going read up on java and python. Then tomorrow I will build my prototype. Should be all done by the weekend.
I mean - it can’t be that hard can it?