My daily readings 04/25/2011

  • tags: CSS

  • tags: Startup book

    • Mr. Brynjolfsson and his colleagues, Lorin Hitt, a professor at the Wharton School of the University of Pennsylvania, and Heekyung Kim, a graduate student at M.I.T., studied 179 large companies. Those that adopted “data-driven decision making” achieved productivity that was 5 to 6 percent higher than could be explained by other factors, including how much the companies invested in technology, the researchers said.
    • Since 2004, productivity has slowed again. Historically, Mr. Gordon notes, productivity wanes when innovation based on fundamental new technologies runs out. The steam engine and railroads fueled the first industrial revolution, he says; the second was powered by electricity and the internal combustion engine. The Internet, according to Mr. Gordon, qualifies as the third industrial revolution — but one that will prove far more short-lived than the previous two.

      “I think we’re seeing hints that we’re running through inventions of the Internet revolution,” he says.

    • I don’t view this as whining. There is nothing to whine about. Investors are making money hand over fist. Why would I whine about that? But I do think it is important to point out the inevitability of the market cycles. There will come a time when the environment we are in will be in the rear view mirror. And entrepreneurs should be crystal clear about that. This is a time to raise money and sock it away for a rainy day. Because it will rain.

Posted from Diigo. The rest of my favorite links are here.

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