Throwback to Gartner 2017

I was going through some old files when I stumbled across these old Gartner 2017 photos. What a great trip down memory lane with the RapidMiner team. We had so much fun down there.

Gartner 2017 image 1

Oh man, somewhere there’s a video of a colleague swimming in the fountain after a long night of drinking.

Gartner 2017 image 2

Plus there was so much intrigue. I was being wined and dined by a competitor that night too.

Gartner 2017 image 3

Times like these make for a life well lived.

VCs Killing Startups

While VC’s are a necessary part of growing a startup, they can kill it too. I’ve seen this happen too many times where the VC’s kill the goose that laid the golden egg. They’re so driven by financial goals that they interfere with great startups that just need a bit more time to ‘gel.’

A recent study commissioned by Eric Paley at Founder Collective found that by pressuring companies to scale prematurely, venture capitalists are indirectly responsible for more startup deaths than founder infighting, technical debt and slow customer adoption — combined. via Techcrunch

Quite honestly, if you create a startup and start making money from it, why really scale? With scale comes so many other headaches. The reason I say that is Mike Carson (aka Uglychart) was recently interviewed by Indie Hackers about his company Park.IO. He’s a one man shop that runs everything on AWS and allegedly makes a small yearly fortune. The one takeaway I got from this interview was that he wants to be a one man shop. With growth comes so many other headaches and the danger of losing control.

The same goes for Engineering firms. My buddy in CA says the same thing, he never hired people and grew his consulting business because he hates managing people. He’s always too busy but makes a great six figure income.

Where’s the line? Hard to tell but it really depends on the Founders. If it were me personally, I’d do what Mike and CA buddy have done, keep it small but profitable.

Bitcoin is not dead

According to Howard Bitcoin is not dead. I agree with him that price is a big indicator of where things are going but I can’t help but wonder that this sudden uptick in cryptocurrency jobs is just a lag effect from when Bitcoin was $19,000.

I know people on both sides of the Bitcoin/blockchain fence. The risk takers tend to be long Bitcoin whereas the lower risk folks tend to think it’s a sham.

That, right there folks, is a market. The Bulls and Bears in our daily life.

Update

I posted this article back in April of this year. Since then Bitcoin and other cryptocurrencies have collapsed in a spectacular fashion. The air camp out of this sector and many people got caught holding the bag. 

When I get to around to reposting the conversation I overhead in the old office, about a guy’s son investing all his savings in Bitcoin, I think you’ll cry. 

Do I still have some Ripple and Ethereum, yes. I will probably hold that stuff till it’s worthless. 

Did I lose BIG money in this? Nope. I cashed out a lot of positions on the way up and reinvested the ‘house’ winnings in other crap.