When I say it isn't entirely surprising, I only refer to people conflating Israel with Jews/Judaism

While I get the sentiment behind this, it isn't entirely surprising when the BBC prominently links an Israel flag to this story - www.bbc.co.uk/news/world/a...

Brings a whole new meaning to Ring Cameras.

I made a wooden robot. It had a wooden body, wooden arms, wooden legs, wooden head, wooden eyes, wooden chips, wooden batteries.

It wooden work.

If you've ever wondered why tech bros keep trying to cram things down your throat that nobody wants, nobody asked for, could never turn a profit and never actually work, frankly -- this is why.

A lot of people are making a lot of money from "failure". If they weren't, they wouldn't keep doing it.

This management fee scam is also why founders with great ideas and great execution in realistic addressable markets don't get funded.

VC's make more money from unrealistic sci-fi plans that are doomed to fail over a 10 year window

It just needs to be a plausible enough story to build a fund on.

The way you're taught that VC works is they fund 100 risky ventures and 99 of them fail. They lose money on those, in the hopes that the 1 that succeeds goes really big.

The reality is that VC looks a lot more like Ponzinomics. These guys make absolute BANK on failed moonshots.

How do VC's make money from failed bullshit? Fee structure. Say you're a VC with a 20% carry if the venture succeeds.

You ALSO have a guaranteed management fee of 2% of AUM per year. So you create a $1B "Deep Tech" fund, that's $20M a year. These sci-fi projects take 10 years to fail. That's $200M.

youtu.be/l_rYWy_7y1Q?...

Worst for me is being in a pub in Manchester with dozens of pissed up Mancunians shouting along to Wonder Wall

But I do get your point

Anyone lacking an FT subscription can register and read three articles monthly free at www.ft.com/register

I'd forgotten about that one!

I mentioned DC only as I found the podcast very interesting, but in trying to find a link I saw that crap was still dragging on last year.

Seems daft that he's still trying to defend it on the basis that someone else would claim the TM

Reminds me of David Chang / Momofuku and Chili Crunch.

He covered this on an early podcast during COVID: www.theringer.com/podcasts/the...

A legal alternative would be to finely chop some nagas every morning and be prepared to rub someone's eyelid or poke their nostril.

Now I've posted it, it reads like a Viz Top Tip on crowd control

I read that every week Kier Starmer receives two turds in the post.

I often wonder who sends him the other one.

Just renewed my subscription, mainly for the analysis by JBM et al, but this article is pure drivel.

Maybe it's a euphemism and they just need a good clear out.

Cracking singer though - youtu.be/-HW7nj-GUZY?...