Here is the list – have some fun and add to this in the comments:
Inability to reason
Inability to compromise
No self control
Who does this sound like?
So this post is not about startups or venture capital. Rather is about the Electoral College. I have been thinking about ways to have it disappear as it truly in my view is a solution to a now non-existent problem. Sure, a problem existed in 1787, but, come on, that problem does not exist now. We should be electing our president by popular vote for, frankly, a ton of reasons. I am happy to debate those with you but not in this post.
Getting the Electoral College to evaporate completely would be challenging, and I doubt enough states (38) would ratify that. But how about an amendment to the Electoral College procedure so that it only was used in very close elections. For example, if the popular vote was X number or more in favor of a candidate, then the Electoral College would not be used. If the popular vote was less than X number it would be used. What should X number be? I honestly don’t know, but how about 3,000,000 for a good proxy.
Why do I think this is an idea worth considering? Here are some reasons:
- It would make candidates work really hard to get people to vote all across the country. It would maximize voter turn out. And that is a great outcome. The voter turnout for the current election is wonderful!
- It would truly make every voter feel like their vote counts!! Currently that is not the case. My vote was meaningless in the national election. I live in New York, not Georgia or Pennsylvania
- It would stop a small number of states from being overly targeted by candidates as the Electoral College mandates.
- It would be the epitome of a national election. We have taught the modern world democracy for heaven’s sake.
- It would enable a national voting system to be put in place assuming it could be done securely (I am way out of my league on this one – not even sure if this is practical).
- This solution is a compromise, and I think only a compromise has any chance of implementation and ratification by the states.
I am sure there are many more reasons. Have a great weekend. I love our country. And I am tired of public officials embarrassing us.
I have been a VC since August 2004. And I have always gotten a kick out of short company descriptions that I read in VC daily reports (like Term Sheet and Pro Rata). While I understand most of the descriptions, there are always some curve balls. Honestly, sometimes I read them and just say to myself “what the heck does that mean?” I am assuming part is just my lack of understanding/knowledge/expertise. And I am also assuming part is not related to my deficiencies.
Here are some examples of some recent descriptions for you to enjoy (my simple-minded remarks in parens):
Data-centric wiki of tech information (huh?)
Log analytics firm (like wood logs?)
Kubernetes observability platform (no clue!)
Dentists studio operator (do dentists have studios?)
API infrastructure company (do APIs have infrastructure? I guess yes!)
Low-code platform for custom engagement (is there high-code?)
Cybersecurity platform for finding blind spots across operations (like being in a car)
Spend management platform (maybe it yells at you when you are charging things on your credit card!)
By the way, most of the descriptions I read do make sense….for the most part! Just trying for some humor here in the crazy Covid times. Have a great week!
Hope you are staying warm!
CollegeMagazine just ranked Cornell #10 in group of “top schools for female entrepreneurs.” See https://www.collegemagazine.com/top-10-schools-female-entrepreneurs/.
What is most interesting is that Cornell is the only Ivy in the group….and that the group does not include Stanford or Berkeley….and that 3 of the schools in the list are very small colleges (Babson #1, Mt. Holyoke #6 and Smith #2).
I am not sure of the criteria for the ranking, but like the result non-the-less.
Enjoy your weekend.
Each year Pitchbook runs an analysis of which universities/colleges have the most VC backed alumni. In theory, this should be a measure of the entrepreneurship heft of the given school. Here is their just published report. Highlights:
- Methodology: Pitchbook tracked founders of companies that received a first round of venture funding between January 1, 2006 and August 18, 2017. Large data base.
- Page 4: Cornell ranks 6th for undergraduate programs for the number of VC backed entrepreneurs.
- Page 7: Cornell ranks 6th for dollar volume of VC dollars raised.
- Page 9: Cornell ranks 5th for female founders.
- Page 10: Cornell ranks 14th for MBA programs.
- Page 11: Cornell ranks 3rd for undergraduate founder unicorns (companies with over $1 billion in valuation)
Good reading. Enjoy!