An Economic Slowdown Is a Good Time to Launch a Startup

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el mercurio columna desacelracion

A version of this post originally appeared in Spanish as a column in El Mercurio, Chile’s equivalent of the New York Times with the title Una desaceleración es un muy buen momento para lanzar un emprendimiento.

As some context to my non-chilean readers, Chile, along with most resource producing countries, is currently going through an economic slowdown. Most of Chile’s government revenue comes from Copper sales, who’s price has gone down by 55% from its peak. Although Chile’s not in a recession yet and Chile’s economy is in great shape compared to other Latam countries, unemployment is up, businesses are investing less and people are worried.

Here’s the original column:

Continue reading…

Offense vs Defense

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I’ve been using going on offense vs. being on defense as an heuristic to see if I’m working on the right things each day. Am I on offense or on defense? How much time am I spending on defense each day?

I can’t take credit for this heuristic, as I took it from multiple Tim Ferriss podcast guests like Chris Sacca, Naval Ravikant and Derek Sivers. (If you’re not listening to it, highly recommended!).

Offense is when I’m setting the agenda for my day, trying to grow my business. Whether I’m doing research, taking time to think and create a plan then executing it, in the street selling, banging the phones cold calling for leads or creating content/landing pages for my business. It’s the way I grow my business. Continue reading…

Will more Chilean startups be acquired in 2016?

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Note: A version of this article originally appeared as a column in Spanish in El Mercurio, one of Chile’s largest newspapers.

Many entrepreneurs dream of solving a problem, providing great service to their clients and ideally doing something that makes the world a better place when they start their company. One of the side effects of a successful startup is that they might make lots of money. Continue reading…

Inequality In The Internet Age

something happened in the mid 70s

tl;dr summary here. But you should read the entire post.

Inequality in the Internet Age

Inequality has increased since the 1970s. The share of national income and the total wealth that goes to the top 10%, 5%, 1%, .1% and .001% has has gone up. And it continues to go higher. We haven’t seen levels like this since the Gilded Age.

wealth of top .1%

http://www.economist.com/blogs/graphicdetail/2014/11/daily-chart-2

The top 10% now owns 61.9% of all US wealth, up from about ~50% in 1989, while the next 10% now owns 11.9% and the bottom 80% now owns 26.8%, down from ~37% in in 1989. The top .1% owns the same as the bottom 90%, about 22% of net household wealth for the first time since pre-WWII. We’re experiencing a massive shift in wealth. And it’s getting redistributed up the ladder. Continue reading…