10 Matching Annotations
  1. Sep 2017
  2. Jul 2017
    1. In practice, this often meant that industry would move from rich countries, where labour was expensive, to poor countries, where labour was cheaper. People in the rich countries would either have to accept lower wages to compete, or lose their jobs. But no matter what, the goods they formerly produced would now be imported, and be even cheaper. And the unemployed could get new, higher-skilled jobs (if they got the requisite training). Mainstream economists and politicians upheld the consensus about the merits of globalisation, with little concern that there might be political consequences.

      Yes, but isn't this misconception due to immigration laws causing disruption in not just manufacturing products, but services? We get cheaper goods and better products, but is this the case with services? Is a Polish plumber better than a UK plumber?

    1. Journals, which often appeared on cheap, thin paper, were produced almost as an afterthought by scientific societies. The British Chemical Society had a months-long backlog of articles for publication, and relied on cash handouts from the Royal Society to run its printing operations.

      Interesting.

  3. Feb 2017
    1. Sometimes an investor will ask you to send them your deck and/or executive summary before they decide whether to meet with you. I wouldn't do that. It's a sign they're not really interested.

      Interesting to note.

    2. Different plans match different investors. If you're talking to a VC firm that only does series A rounds (though there are few of those left), it would be a waste of time talking about any but your most expensive plan. Whereas if you're talking to an angel who invests $20k at a time and you haven't raised any money yet, you probably want to focus on your least expensive plan.

      So important

    3. All they really mean is that their interest in you is a function of other investors' interest in you. I.e. the spectral signature of all mediocre investors.

      Love this .

    4. Institutional investors have people in charge of wiring money, but you may have to hunt angels down in person to collect a check.

      Interesting.

    5. Some investors will let you email them a business plan, but you can tell from the way their sites are organized that they don't really want startups to approach them directly.

      What about LinkedIn? Hasn't this changed things?