I found this chart from the Economist in an article about hacking interesting. Apparently Google has ~2B lines of code (across all its products). Compare this to Liunx at ~20m and a comparably bloated Windows at ~50M. Worth a read.
Although I’m probably the last person on earth to have “discovered” this, I have found this podcast – EpiCenter – on blockchain and related items pretty useful. The quality of the guests is high, the questioning clear and the pace of the conversation unhurried. Worth a listen.
It’s easy to forget how dominant Amazon has become in our lives. An article from the Economist a few weeks ago (I’m behind!) is a good reminder. Some tidbits:
- It is now the world’s fifth largest company by value (currently at ~$400B), with sales at about $140B
- It accounts for 5% of retail spending in the US (roughly half of Walmart)
- Alexa already has has ~10,000 skills (sort of akin to apps), despite the recency of its launch
- Amazon spends twice as much much on movies / TV than HBO
- The number of Amazon prime customers is now ~72M, up 32% from 2015.
Only 10 firms with sales of more $50B have managed to grow by 15% for over 10 years since 1950; no company over $100B has pulled that off. Can Amazon be the one? I wouldn’t rule it out.
Nicely written article on the “bro” culture in Silicon Valley from the NYTimes. While most of the article focuses (of course!) on Uber, it has examples from others including Zenefits and Quirky. A couple of points that caught my eye:
- In 1999, 10 percent of investing partners at venture capital companies were women. By 2014 the number had declined to 6 percent. Bros in VC support Bros in tech companies.
- None of the 15 biggest tech “unicorns” — start-ups worth more than $1 billion — has a female chief executive
Worth a a quick scan.
Airlines’ business practices never cease to amaze me. It appears that the “extra fees” (read blankets, ear buds, movies, baggage, change fees etc.) now make up ~10% of total revenue according to an article in the NYTimes. The data is actually from a survey from hopper.com – full data here. All this while the quality of “service” continues to be awful at best. Read and weep.
This looks interesting: An one day event at MIT on April 18 this year focused on the business of Blockchain. Seems to have a bunch of relevant speakers (e.g. the head of the Hyperledger project) and a broad focus (various industries, social impact etc.).
- Apparently, only ~6% of American mobile phone users use Uber (or Lyft) once or more a month. I could have sworn it would be much higher. No wonder Uber’s valuation is sky high.
- Despite it’s high valuation (~$70B), it hasn’t had a CFO in 2 years
- A growing percentage of Uber employees don’t see themsevles there in 2 years
- At least 6 key execs and senior employees have left in the last few months including several of the tech leaders in mapping, AI
- Uber’s share in the US market has fallen from 80% to 74% (with most of that going to Lyft)
Worth a quick read.