The evolving gig economy

In this series, professionals attending Next:Economy share their insights on the future of work. Read the posts here, then write your own. Use #NextEconomy somewhere in the body of the post and @mention Next:Economy conference panelists when sharing. For more insight and news on the Next:Economy, sign up for the weekly newsletter here. The popular concept of work as a traditional 9-to-5 job with a single employer bears little resemblance to the way a substantial share of the workforce makes... Read more →

Seven Things to Know About the Pound’s Depreciation

Although the last leg in the pound’s downward trajectory occurred suddenly and included a brief “flash crash” on Friday, the drivers of the decline have been long in the making, and the implications have yet to play out. Here are seven things to know about the pound’s present and future: 1. After holding relatively steadily around $1.30 — following an initial steep drop caused by the surprise outcome of the June 23 Brexit referendum — the pound depreciated this... Read more →

The World in 60 Seconds: Trump Bumps, Brexit Deals, and More

Straight from the floor of the Republican National Convention… it’s the World in 60 Seconds!  US: Is the Republican convention helping Trump? Not yet, though by the end of the week, I suspect he will get a little bit of a Trump bump. Will it last for long? Probably not, we still have a few months, right? Turkey: Will Erdogan be president for life? Well for his life…increasingly yeah, you know it’s harder and harder now that we’ve had this failed coup and the real overreaction,... Read more →

A Thriving Digital Economy Needs a Free and Open Internet

Digital technologies have quickly become a driving force of job creation, entrepreneurship, and innovation in the 21st century. Just a decade ago, less than a fifth of the global population had Internet access.  Today, 3.2 billion people are online. By 2020, that number will grow to five billion people. That same year, the emerging “Internet of Things” sector will likely comprise a $1.7 trillion global market. By 2025, products and services that rely on cross-border data flows will add $1... Read more →

Playing Chameleon: How I Learned to Adapt My Perspective

At the start of my career, I was under no illusion that I knew it all. In fact, I worried way too much about what I didn’t know. I suffered from a nagging inner voice that told me my inexperience and uncertainty were liabilities and just a passing phase. I was sure that when I finally grew up professionally, I would have it all figured out. That of course turned out to be completely wrong. “Figuring it out” proved to be one of the enduring joys of work. My favorite assignments are the ones... Read more →

Will the Election Harm the Markets?

Let’s just get this out of the way: the bulk of this year will be consumed by election noise. There is no way around that. That noise, in turn, will drive out other stories, unless there is a major disruptive event (a terrorist attack, such as the recent one in Brussels, a natural disaster, unexpected political upheaval in the world, or expectations of a possible Brexit coming to fruition). That noise also will subtly influence investors’ behavior, or at least how they view the world. There... Read more →

Hottest Jobs: The Truth About Being An Entrepreneur

In this series, professionals debate the state – and future – of their industry. Read more here, then write your own #MyIndustry post). In my industry — investing in startups — the great debate of our time is whether or not unicorns really exist. Valuations matter, of course, but this shouldn’t be the dialogue that defines our industry because there are many more interesting conversations to be had. The best founders are not launching a startup as a get-rich-quick scheme. We’re seeing... Read more →

Rebooting Work: Redefining the digital economy

Digital and robotic technologies could offer us both a bounty of productivity as well as relief from myriad repeatable tasks. Unfortunately, as our economy is currently configured, neither of these potential miracles are coming true It’s not like we weren’t warned. In the 1940s, the father of ‘cybernetics,’ Norbert Wiener, worried about what thinking machines meant for the human employees who would have to compete with them. Wiener realised that if we didn’t change the underlying operating... Read more →

Here’s How Corporate Growth Is Killing The Economy

Businesses are sacrificed for share price It’s easy to see it in fast-forward: companies like Twitter and LinkedIn, who leapfrog each other to achieve sky-high valuations, end up incapable of delivering the hundred-fold returns that investors expect. Sure, the companies have terrific revenue. Twitter brings in over half a billion dollars a quarter. But if and when this revenue reaches a plateau–as it has for Twitter–the company may as well be considered dead. That’s because by taking on... Read more →

What Do LPs Think of the Venture Capital Markets for 2016?

At the Upfront Summit in early February, we had a chance to have many off-the-record conversations with Limited Partners (LPs) who fund Venture Capital (VC) funds about their views of the market. While I’m not an LP, the following post represents my discussions with more than 100 LP firms – specifically ones that do fund VCs – and full survey data from 73 firms, so I’ve tried to capture the essence of what I’ve learned. We All Know That Dollars into Venture Have Gone Up … As a starting... Read more →
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