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I agree with the sentiment here completely, but sadly, there's almost zero support for true disruption these days from Silicon Valley. FaceCash disrupts the cr

I agree with the sentiment here completely, but sadly, there's almost zero support for true disruption these days from Silicon Valley. FaceCash disrupts the credit card companies and banks. Not a single VC has offered a term sheet to date. (I'm not necessarily upset about this, but it's an interesting fact.) Students would generally rather work for Facebook or Google where they can make more money in a summer. Industry conferences don't want to hear from the people working on the hardest problems; they want to hear from the people who have made the most money. There are some real systemic problems here that, if they don't eventually get worked out, will end up keeping us locked into a steadily declining system in a number of industries.

revorad 15y ago
I don't know enough details about your or Square's technology and business, but every time I see you complain about how no one supports true disruption and even the cool new startups are doing the same old thing, I remember this video by Sean Murphy on technology adoption: http://www.youtube.com/watch?v=_4h68mrzuwc http://www.youtube.com/watch?v=_4h68mrzuwc I hope it will help you and you will take my comment as constructive criticism.
- thinkcomp 15y ago
  It's a good video and an interesting graphical representation of the problem I hadn't seen before. It also helps explain why so many startups work on small issues rather than large ones. Thanks for sharing it! Unfortunately, what it doesn't explain is the hidden cost that such an approach has, when repeated indefinitely, on the greater context of the Valley's infrastructure and incentive structure. Investors today simply are not rewarding risk.
  - revorad 15y ago
    I hope you will find someone to back your daring innovations. Godspeed!
phlux 15y ago
No offense, Aaron, but I would be interested to know what VCs may think about you given your public opinion and battle with Facebook. E.g. I would be very interested to know if you had been blacklisted or black-sheeped at least, given your history and vocal public statements on matters. Personally, I am rooting for your success - I jsut really want to know what back-room whispers may be saying about you, and people like you, who dont blindly worship the facebook.

revorad 15y ago

I don't know enough details about your or Square's technology and business, but every time I see you complain about how no one supports true disruption and even the cool new startups are doing the same old thing, I remember this video by Sean Murphy on technology adoption: http://www.youtube.com/watch?v=_4h68mrzuwc http://www.youtube.com/watch?v=_4h68mrzuwc I hope it will help you and you will take my comment as constructive criticism.

thinkcomp 15y ago
It's a good video and an interesting graphical representation of the problem I hadn't seen before. It also helps explain why so many startups work on small issues rather than large ones. Thanks for sharing it! Unfortunately, what it doesn't explain is the hidden cost that such an approach has, when repeated indefinitely, on the greater context of the Valley's infrastructure and incentive structure. Investors today simply are not rewarding risk.
- revorad 15y ago
  I hope you will find someone to back your daring innovations. Godspeed!

phlux 15y ago

No offense, Aaron, but I would be interested to know what VCs may think about you given your public opinion and battle with Facebook. E.g. I would be very interested to know if you had been blacklisted or black-sheeped at least, given your history and vocal public statements on matters. Personally, I am rooting for your success - I jsut really want to know what back-room whispers may be saying about you, and people like you, who dont blindly worship the facebook.