*´¨`*•.¸¸.•*´¨`*•.¸¸.•by your best friend erin griffith•*´¨`*•.¸¸.•*´¨`*•.¸¸.•
Buddies! Last week I went to TechCrunch Disrupt, a very tech large conference that does not serve food or coffee (an intermittent fasting thing I assume).
There, I heard the beginnings of a new gospel that’s spreading, from the Land of (Startup) Promise to the Enchanted Unicorn Forest. Discipline is in. Fiscal Responsibility for all. And pray for Positive Unit Economics! In other words…
The one problem with the age-old “pivot to profit” is that it is beginning to feel like Groundhog Day/Chicken Little/The Boy Who Cried Wolf. Last time the Business Heroes™ started to worry about unit economics, SoftBank showed up with $100 billion and an emotional robot named Pepper.
In other news I have finally fulfilled a short-lived pre-teen dream of being a fashion writer with my latest story for the Style section. New technology is often slightly awkward, questionably useful and kind of fun. So it goes with the Levi’s and Google Jaquard “smart” jacket, which I tested out for a week:
(spoiler alert, maybe?)
Important Business Matters
Startup everyone’s over: “Being chained to your mobile phone is a low-status behavior, similar to smoking.”
Latest heartbreak: This sad story about Uncle Kwok, a homeless man who was beaten to death in NYC’s Chinatown.
Latest thing the scammers, namely Business Hero™ Elizabeth Holmes, are into: Stiffing their lawyers.
Latest thing the 1% are into: Actually really paying lower taxes than you, lol i know right??
lol nothing matters
Fellow Business Heroes™, it is time to ask ourselves: What are profits, and does my startup have any?
current status, expressed by stock photography:
“overalls for dogs. $1m at a $40m pre.”
If you are a new reader and wondering, wtf this is, well, welcome and here is my attempt at explaining.