The growth of the Internet will slow drastically [as it] becomes apparent [that] most people have nothing to say to each other,” the economist Paul Krugman wrote in 1998. “By 2005 or so, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s…. Ten years from now the phrase information economy will sound silly.
The New York Review of Books /via Emanuel Derman
The NYTimes covers “College Hopefuls Fret” but as important are the about-to-be grads planning their first entrance into the open planes of their careers. The best (especially in engineering) are applying and interviewing now.

The NYTimes covers “College Hopefuls Fret” but as important are the about-to-be grads planning their first entrance into the open planes of their careers. The best (especially in engineering) are applying and interviewing now.

If you think it’s expensive to hire a professional…wait until you hire an amateur!
— unknown (via techspotlight)
Reblogged from Evan's Blog
Lobbying for swag has become a sport at Thinkful.

Lobbying for swag has become a sport at Thinkful.

The best thing about interns: They communicate via meme. Also, I get to help engineers discover they’re amazing. That’s pretty fun, too.

The best thing about interns: They communicate via meme. Also, I get to help engineers discover they’re amazing. That’s pretty fun, too.

Advanced Chess

thegongshow:

An entrepreneur once told me a story of the evolution of Advanced Chess, and it’s been rattling around in my head for awhile now.

Advanced Chess is a form of Chess where each player is allowed to use all possible resources at his/her disposal to make a move. One can use computer AI or ask friends for help. Anything goes.

The Grandmasters use Advanced Chess to help expand their minds in play. It allows them to get a different perspective on their typical Chess instincts. It’s useful in training. There are international Advanced Chess competitions.

In the beginning of Advanced Chess (I believe in the 90s), A single Grandmaster could beat a lesser opponent even if the opponent was leveraging Computer AI as a crutch. A single human could rule.

Post-Deep-Blue, Grandmasters could be beaten in Advanced Chess if their opponent had amazing Computer AI at their disposal. It was the rise of the machines. So the new unbeatable combination became a Grandmaster that leveraged Computer AI well.

But in the middle of the last decade a new winning combination emerged: a combination of Human Computation and Computer AI. The best Advanced Chess algorithms now start with a Computer AI recommended list of moves and then a crowd of expert humans vote on the best move. The combination of a crowd plus excellent AI can best a single Grandmaster plus AI.

I love this story. It’s another example of how Soylant Green (“It’s made of humans”) algorithms are taking over the world. I look for this characteristic in every startup I talk to. I consider it a special subset of a Network Effect.

Algos + humans are the future of consumer web services. Great enterprise software has been this way for years, and it’s finally coming to consumers because we’ve figured out how to get the prices down.

Reblogged from The Gong Show
So excited to be an ambassador at HackNY this weekend! I don’t know if Ashton & I have the same schedule yet, but it’s all about supporting students so I’m sure he’ll be there.
(Via today’s AM New York)

So excited to be an ambassador at HackNY this weekend! I don’t know if Ashton & I have the same schedule yet, but it’s all about supporting students so I’m sure he’ll be there.

(Via today’s AM New York)

YouTube has found a way to make an April Fools video that launches before April 1. They get days of attention all to itself while the rest of the internet gets only a few hours. It’s brilliant marketing, and also funny.

The danger and power of press

Steve Blank during his SXSW talk, as relayed by J.J. Colao of Forbes (via ParisLemon).

Even talented, hardworking CEOs and founders can get caught up in the hype. Why? Blank lists seven reasons:

1. Ego

2. Ego

3. Ego

4. Vanity metrics

5. Attract talent

6. Get funding

7. Drive customer demand

If CEOs get caught up in doing press for reasons other than the last three, he says, their companies are doomed.

Very true. Even worse: press is a hack that can temporarily drive customer demand. It is not a stable acquisition channel.