Lucid, Rivian, Tesla vs GM and Ford

Rivian lost $580m last quarter but is valued at $124 billion. Ford’s 2021 revenue will be over $120 billion and it is worth only 60% of Rivian. Now, is Apple about to join the party? Read on to see why it makes sense.

USDC is rapidly becoming an acceptable currency for investment firms. It is secure, stable and a ready-made bridge to every other cryptocurrency. Now its parent — Circle — has started a venture fund using it, Fred Wilson advises owning it and Wall Street hedge funds are earning up to 9% interest by holding it. So why is it important?

After Sequoia Capital’s reorganization last week, rumors are spreading that Andreessen Horowitz is considering a public offering. Whether true or not it begs an important question. Should VC seek to list publicly and trade on Wall Street? Or should it remain open only to large fund investors and wealthy families?

This week Facebook announced the NothingVerse (read it, you’ll see) whereas Sequoia Capital fundamentally changed their organization and venture capital forever. What a contrast.

With Andrew Keen and Keith Teare

Donald Trump is launching a social media platform just as Facebook is closing one down. Facebook’s proposed name change is an indication that Web 2 has reached the end of the road. Social Media is dead, long live Web 3. What Web 3 is, is still being written. But it is not Facebook or TRUTH.

The Facebook whistleblower accused the company of putting growth and profit before everything. So, is growth bad? Is it incompatible with human good? Or is it the essence of progress?

That Was The Week 2021 #275

This week’s news is dominated by Facebook, Apple, and Crypto but we ignore it and deep dive into libertarianism, DAOs, and Peter Thiel.

This week a far deeper dive into the changing world of venture capital, and a video essay by @kteare to accompany a great selection of writers from across the venture ecosystem

That Was The Week #273

This week Apple declares victory in defending its app store from claims it is a monopoly while its enemies circle the wagons intent on freeloading on Apple’s infrastructure.

That Was The Week #272

South Korea Hits Apple and Google Where it Hurts  Apple agrees to modify App Store rules in Japan in a week where South Korea passes a law forcing Apple and Google to create a billing back-door for developers who want to avoid paying for carriage.