06/23/18

Missionary Work- a Dangerous Undertaking

Big Red Car here, the A/C crisis dealt with. Which brings me to the dangers of missionary work in the startup world.

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Historically, there have been drawbacks to being a missionary. If you fail to convert the audience, they may turn on you.

In the startup world, there are two areas, in particular, in which a founder/CEO/entrepreneur should resist the temptation to do missionary work – meaning attempting to fully convert the audience.

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06/23/18

Fox, Let’s Buy Fox?

Big Red Car here on a lovely, young Saturday morning waiting for the A/C guy and the plumber, which, of course, brings me to the issue of the Twentieth Century Fox feeding frenzy.

For those keeping score at home, Twentieth Century Fox is being pursued by a couple of companies to acquire it. Right now, Mickey Mouse is the anointed winner.

The potential acquirers were: The Disney Company and Comcast.

Image result for images of mickey mouse

My name is Mickey and I want to buy Twentieth Century Fox, y’all.

As I said, right now, Mickey is in the lead, but Fox can receive and consider new bids and new bidders.

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06/22/18

Twitter, Square and Jack Dorsey

Jack Dorsey is an American entrepreneur who co-founded Twitter and Square.

Sun is just coming up over Austin By God Texas, delivering on the promise of another spectacular sunny, summer masterpiece, y’all. On Earth as it is in Texas!

From time to time, there are those who have taken issue with Jack Dorsey’s dual roles as CEO of both Twitter and Square. Hard to believe, actually, but let’s take a look at the most important report card – RESULTS.

Image result for jack dorsey images

Name’s Jack, Jack Dorsey, and I co-founded Twitter and Square. Now, I’m the CEO of both of them. You have a problem with that?

[This is a guy named by 24/7 Wall Street in 2017 as one of the Worst CEOs in America, following on the heels of Fox News similarly picking him as the #4 Worst CEO of 2016. TechCrunch picked him as the Founder of the Year 2012. More importantly, Forbes picked him as the World’s Most Eligible Bachelor 2013. Guy’s been on a roll!]

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06/21/18

China, Tariffs, Trade War

China, tariffs, trade war – hello, America!

Big Red Car here on a gloriously sunny Thursday contemplating recent developments in regard to China, tariffs, and a trade war.

China is a bad actor and has been for years. They have been stealing American technology – both from an espionage perspective and an industrial/commercial perspective – for half a century.

But, it is not just the “big stuff” like software, hardware and military gear.

If you are going to be the King of the Jungle, you have to act like a lion.

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06/11/18

Reading – You Are What You Read

Reading, Big Red Car?

Big Red Car here on a coolish, slightly sunny morning in the ATX. The sun is late on station this morning.

I have been reading the Ron Chernow book on Grant.

This book is 1,000 pages and has small print. I am halfway through. It is a little dog eared from trips to Savannah, Miramar Beach, Phoenix, Charlotte. Until finished, it is my constant travel companion. I try to read 15-60 minutes every night. I WILL finish this book this month.

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06/8/18

Liars & Leakers

Washington DC is filled to overflowing with classified information, classified information which continues to regularly appear in the media from the New York Times to the Washington Post to the Internet news sites. It is an epidemic.

It is a crime (Sec 793 of the Espionage Act lays it out) to reveal classified information.

 1. Reveal national defense information to someone who is not cleared to receive it — gets you a fine plus up to 10 years in prison.

 2. If you “steal” that information, you get 10 years and a fine.

 3. If the information is classified and pertinent to US or foreign communications intel activities – means and methods – yep, 10 years and a fine.

 4. If you obtain access to classified info by means of computer access without authorization or beyond the authorization you hold, you get 10 years plus a fine.

 5. If you disclose the identity of a covert agent (of any part of the government), directly or indirectly, you get 15 years plus a fine.

 6. If you lie to the FBI or obstruct a criminal investigation about classified information, you can be sentenced from 5 to 20 years in prison.

This is some serious stuff; and, yet, it happens all the time.

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06/7/18

Employment

Employment, Big Red Car – what about employment?

Dear reader, US employment and unemployment are both headed in the right direction, but there is a concern we need to discuss.

We need to discuss the Labor Force Participation Rate. Do you know what that means?

The LFPR is the percentage of folks aged 16-64 (the labor force) who are currently employed or seeking work.

Here is a picture of what that looks like today with our 3.8% unemployment rate. Notice, in particular, the comparison between our current LFPR/unemployment rate and the Jan-Apr 2000 all time high LFPR. Therein lies the story.

LFPR

Credit Doug Short over at Advisor Perspectives for this great chart. Read his stuff at dshort.com.

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06/7/18

Rebuilding a Reputation – Uber, Uber, Uber

Let’s talk reputation, shall we?

Big Red Car here on a dark and lonely Thursday morning. Hope you are well.

So, today, we talk about Uber’s latest attempts to rebuild its pathetic reputation.

Unless you have been summering over at the South Pole, you know that Uber has replaced its founder/CEO Travis Kalanick with Dara Khosrowshahi.

Uber’s board of directors hopes that Dara K can repair the reputation destruction wrought by Travis K. [Next in the chain of succession is Coach K?]

Read this:

Dara the K, new Uber CEO

That is a hard task. How do you rebuild a reputation which is in tatters? Tatters flavored by lawsuits? Class action lawsuits.

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