$avvy investigates the historical, cultural, and societal norms around women and money. This documentary questions why women often take a backseat to their finances. Interviews with business and financial experts like Carrie Schwab, Farnoosh Torabi, Sallie Krawcheck, and Haley Sacks (aka Mrs. Dow Jones) show why it is so important—now more than ever—for women to take control of their financial futures.
The first screening of $avvy is at the Santa Barbara International Film Festival from March 31st to April 10th.
Amy and I watched Tenet the other night. When we finished, she turned to me and said, “That was one big, hot mess of a movie.” I sat for a moment and said, “I’m not sure it was any good, but I’m not sure.”
I just watched the trailer. While these are clips from the movie, there’s no correlation in these clips to anything that gives you a feeling for the movie—more hot mess.
Temporal dynamics are a common trope in movies. While it’s a clichéd part of the sci-fi genre, it is becoming more common in contemporary good vs. evil save the world action movies.
After sitting for a moment, I flashed back to another movie, Interstellar, another hot mess but one that I enjoyed a lot more.
After a little exploration, I realized Christopher Nolan directed them both. As I looked through his filmography, the theme of time was woven throughout.
I’ve seen most of these movies. Memento is my favorite. Interstellar, now that I’ve watched it a few times, comes in second.
As I read Matthew McConaughey Greenlights last night (excellent, well worth reading), I felt that exploring temporal reality, a core tenet of Tenet, was worth spending more time with, which means I’ll watch Tenet again.
Amy and I went to see Uncut Gems last night. It was a gem of a movie.
Adam Sandler was magnificent. My inner 14 year old loves his puerile movies and when I read the New York Times Magazine article Adam Sandler’s Everlasting Shtick around Thanksgiving I knew I had to see this movie.
Amy and I had a calm sushi dinner at our favorite place in Longmont, went to Staples and bought some office supplies, and then settled into the theater for 30 minutes of previews. We sort of knew what we were getting into, so we thought we were ready.
About an hour into the movie I realized I was holding my breath. I looked over at Amy and she was gripping the chair. I looked around the theater and saw what appeared to be a bunch of people in various stages of rictus.
About fifteen minutes later I realized I was touching my fingernails and glasses over and over again in one of my old OCD rhythms.
If you’ve ever been out of control going downhill on skis or a bike, that’s what the movie felt like. For over two hours.
The ending was completely and totally unexpected.
And then we were out in the parking lot, in the cold Colorado December pre-snow night, walking to our car. Stunned silent.
I know some people who say they are never anxious. I know others who are anxious all the time. And many others who don’t acknowledge their anxiety.
Anxiety is a thing I’ve struggled with my entire life. I’ve learned how to manage it, and how to take care of myself so it doesn’t rise up on a regular basis. But soaking in it for over two hours was intense and it’s still echoing for me this morning.
Perspective can be a useful thing. Cryptocurrencies have had a bad 24 hours.
Last night Amy and I watched The Big Short for the second time. If you’ve never seen it, it’s a must watch movie. If you haven’t seen it in at least a year, watch it again. While the events are from 2005 – 2008, they feel like they happened yesterday. And, the cast, including Brad Pitt (my favorite character), Steve Carell (my second favorite), Christian Bale, and Ryan Gosling play their parts spectacularly well.
There are hundreds of lessons in the movie. But, like most things human, we quickly forget them. Or we pretend like they couldn’t happen again. Or we justify what’s going on today as “but it’s different this time.”
In 2000 I was co-chairman of a public company called Interliant. The company had gone public in 1999 and the market cap rose to just under $3 billion ($55 / share, up from $10 / share at the IPO). By the end of 2000, the stock price was at $13. I was on a walk at my house in Eldorado Springs with one of the VPs who asked me how low the stock could go. I can’t remember the exact phrasing, but I remember it being something like “There’s no way the stock will go below $10 / share, right?”
My response was simple. “It could go to $0. I hope it doesn’t, but it could.”
In 2002 Interliant went bankrupt and the stock went to $0.
Now, I don’t have schadenfreude about cryptocurrencies going down. Like many, I’m fascinated by them and the potential implications of both cryptocurrencies and blockchain technology. I hold plenty of cryptocurrencies – either directly or indirectly in funds I’m an investor in. So I benefit financially from them going up.
But I’m not a trader. I never have been. I never will be. It’s not my temperament. I don’t enjoy it. I don’t want to spend mental energy thinking about the gyrations of the market – any market. I don’t want to make money on short-term financial trades, but rather by helping create new things over the long-term.
We all eventually die, at least for now. Some people learn from history. Some people suppress or deny it. Many people ignore it. I prefer to reflect on it and make sure the big lessons are inputs into my thinking. If you want a quick, 128-page frame of reference on this, read The Lessons of History by Will and Ariel Durant. The cliche “the more things change, the more they stay the same” is a cliche because it applies to a lot of things.
My scan of my morning news feeds included Researchers find that one person likely drove Bitcoin from $150 to $1,000, BlackRock’s Message: Contribute to Society, or Risk Losing Our Support, GE Shares Dive on $6.2 Billion Charge for Problems in Its Finance Unit, and a very interesting post titled Impatience: The Pitfall Of Every Ambitious Person.
I’ll leave you with this.
Amy and I watched the Amazon series Goliath last month. It was deeply awesome. Deeply deeply awesome. We also watched The Night Manager which we loved almost as much. And, at the end of each, I said to Amy, “They should end this now and not do a Season 2.”
Goliath captured my attention more.It had amazing character development. Bill Bob Thornton, who I’ve always liked, was at his best, William Hurt was excruciatingly delicious, Nina Arianda made me root for her every time she said something, and Molly Parker had mastery over the role of ruthless, hateful, and utterly self-centered, manipulative lawyer. The filming, while against the standard LA backdrop, was rich and unique. There were many tense moments that just kind of hung on for an extra few beats, which I loved. Each of the eight episodes had at least one unexpected twist and turn. The backstory was complex and finally all came together in the last episode, which was magnificent.
I thought the climactic moments were breathtaking. In the back of our minds we knew we were watching the last episode. And then the screen went black and it was over.
I expect it’s easy for Hollywood to crank out a Season 2. Take the complex characters, subtract a few, add a few new ones, put in a new current story, continue to unfold pieces of the backstory, and keep going. Hollywood knows how to do this.
But wouldn’t it be special if this was it? Just one season. An eight hour movie, instead of an annual TV show.
I have no idea what the economics of the movie business is, especially with all the new Amazon, Netflix, Showtime, AMC, SyFy, and HBO series. But I am intrigued with what feels like a new type of show – the six to eight hour movie. It’s a little too long to watch in one setting but you can watch it over a three to five day period. It becomes immersive without taking over everything. It doesn’t drag you out week by week with mildly unsatisfying endpoints. And it doesn’t end up being a 13 hour bingfest, which can be done (ala House of Cards) but doesn’t stay with you (or at least stay with me) as much.
I let this idea sit for a few weeks (I wrote the headline for this post three weeks ago after we finished Goliath.) When I saw it this morning, it still felt right to me. I wonder if, as the tech to deliver content continues to evolve, we will start seeing the one season / 6-8 hour show that ends at a peak moment, rather than is cancelled because it sucks.
Sunspring, the first known screenplay written by an AI, was produced recently. It is awesome. Awesomely awful. But it’s worth watching all ten minutes of it to get a taste of the gap between a great screenplay and something an AI can currently produce.
It is intense as ArsTechnica states, but that’s not because of the screenplay. It’s because of the incredible acting by Thomas Middleditch and Elisabeth Gray, who turned an almost illiterate script into an incredible five minute experience. Humphrey Ker, on the other hand, appears to just be a human prop.
AI has a very long way to go. But it’s going to get there very fast because it understands exponential curves.
Strong AI has been on my mind a lot lately. We use weak AI all the time and the difference between then two has become more apparent as the limitations, in a particular context, of an application of weak AI (such as Siri) becomes painfully apparent in daily use.
When I was a student at MIT in the 1980s, computer science and artificial intelligence were front and center. Marvin Minsky and Seymour Papert were the gods of MIT LCS and just looking at what happened in 1983, 1984, and 1985 at what is now CSAIL (what used to be LCS/AI) will blow your mind. The MIT Media Lab was created at the same time – opening in 1985 – and there was a revolution at MIT around AI and computer science. I did a UROP in Seymour Papert’s lab my freshman year (creating Logo on the Coleco Adam) and took 6.001 before deciding to do Course 15 and write commercial software part-time while I was in school. So while I didn’t study at LCS or the Media Lab, I was deeply influenced by what was going on around me.
Since then, I’ve always been fascinated with the notion of strong AI and the concept of the singularity. I put myself in the curious observer category rather than the active creator category, although a number of the companies I’ve invested in touch on aspects of strong AI while incorporating much weak AI (which many VCs are currently calling machine learning) into what they do. And, several of the CEOs I work with, such as John Underkoffler of Oblong, have long histories working with this stuff going back to the mid-1980s through late 1990s at MIT.
When I ask people what the iconic Hollywood technology film about the future of computing is, the most common answer I get is Minority Report. This is no surprise to me as it’s the one I name. If you are familiar with Oblong, you probably can make the link quickly to the idea that John Underkoffler was the science and tech advisor to Spielberg on Minority Report. Ok – got it – MIT roots in Minority Report – that makes sense. And it’s pretty amazing for something done in 2002, which was adapted from something Philip K. Dick wrote in 1956.
Now, fast forward to 2014. I watched three movies in the last year purportedly about strong AI. The most recent was Her, which Amy, Jenny Lawton, and I watched over the weekend, although we had to do it in two nights because we were painfully bored after about 45 minutes. The other two were Transcendence and Lucy.
All three massively disappointment me. Her was rated the highest and my friends seemed to like it more, but I found the portrayal of the future, in which strong AI is called OS 1, to be pedantic. Samantha (Her) had an awesome voice (Scarlett Johansson) but the movie was basically a male-fantasy of a female strong AI. Lucy was much worse – once again Scarlett Johansson shows up, this time as another male fantasy as she goes from human to super-human to strong AI embodied in a sexy body to black goo that takes over, well, everything. And in Transcendence, Johnny Depp plays the sexy strong character that saves the femme fatale love interest after dying and uploading his consciousness, which then evolves into a nefarious all-knowing thing that the humans have to stop – with a virus.
It’s all just a total miss in contrast to Minority Report. As I was muttering with frustration to Amy about Her, I wondered what the three movies were based on. In trolling around, they appear to be screenplays rather than adaptations of science fiction stories. When I think back to Philip K. Dick in 1956 to John Underkoffler in 2000 to Stephen Spielberg in 2002 making a movie about 2054, that lineage makes sense to me. When I think about my favorite near term science fiction writers, including William Hertling and Daniel Suarez, I think about how much better these movies would be if they were adaptations of their books.
The action adventure space opera science fiction theme seems like it’s going to dominate in the next year of Hollywood sci-fi movies, if Interstellar, The Martian (which I’m very looking forward to) and Blackhat are any indication of what is coming. That’s ok because they can be fun, but I really wish someone in Hollywood would work with a great near-term science fiction writer and a great MIT (or Stanford) AI researcher to make the “Minority Report” equivalent for strong AI and the singularity.
I don’t invest in movies. Unless a long time friend, like Rajat Bhargava, asks me to join him for fun in an investment. Several years ago Raj asked me to invest with him in a movie a cousin of his – Prashant Bhargava – was making called Patang. I wrote a modest check without thinking twice. The result of Prashant and the work of his team is a beautiful movie. And it will be in Boulder for a few days – 2/27 – 3/2 – at the The Dairy Center for the Arts.
Following is the story of the movie from the director, Prashant Bhargava.
The seeds for the movie Patang were based on the memories of my uncles dueling kites. In India kite flying transcends boundaries. Rich or poor, Hindu or Muslim, young or old – together they look towards the sky with wonder, thoughts and doubts forgotten. Kite flying is meditation in its simplest form.
In 2005, I visited Ahmedabad to experience their annual kite festival, the largest in India. When I first witnessed the entire city on their rooftops, staring up at the sky, their kites dueling ferociously, dancing without inhibition, I knew I had to make this film in Ahmedabad.
Inspired by the spiritual energy of the festival, I returned the next three years, slowly immersing myself in the ways of the old city. I became acquainted with its unwritten codes of conduct, its rhythms and secrets. I would sit on a street corner for hours at a stretch and just observe. Over time, I connected with shopkeepers and street kids, gangsters and grandmothers. This process formed the foundation for my characters, story and my approach to shooting the film.
I found myself discovering stories within Ahmedabad’s old city that intrigued me. Fractured relationships, property disputes, the meaning of home and the spirit of celebration were recurring themes that surfaced.
Patang’s joyful message and its cinematic magic developed organically. My desire was for the sense of poetry and aesthetics to be less of an imposed perspective and more of a view that emerged from the pride of the people and place.
Seven years in the making, Patang has been a journey which has inspired and brought together many.The key theme of resilience of family is reflected by the bonds between all of us who gave our hearts to make the film.
Last night Amy and I watched the movie Something Ventured: Risk, Reward, and the Original Venture Capitalists. This was my reward (I got to choose) since she watched both football games yesterday (and today). We have a 15 minute and 30 minute rule on any movie – after 15 minutes the chooser asks “still into this movie?” If the answer is no, we stop. This question gets asked by the chooser again after 30 minutes. If the answer is yes, we go for the duration, even if someone falls asleep. For example, after 15 minutes the other day, Amy said “still in” on my choice of The Hebrew Hammer. After 30 minutes, we were both “no’s” and that was the end of that.
I figured Amy would veto Something Ventured after 15 minutes. I’d heard from a number of VC friends that it was really good, but the idea of watching a documentary on the history of the creation of the venture capital industry doesn’t sound like an awesome Saturday night movie choice. But after about ten minutes, Amy said, “Wow – this is great!”
As I’m deep into writing book three of the Startup Revolution series (titled Startup Boards: Reinventing the Board of Directors to Better Support the Entrepreneur) I’ve been thinking a lot lately about what makes a great board of directors, and what characteristics of different VCs contribute to this. It ended up being super helpful to see direct interviews with a number of legendary VCs, including Arthur Rock, Tom Perkins, Don Valentine, Dick Kramlich, Reid Dennis, Bill Draper, Pitch Johnson, Bill Bowes, Bill Edwards, and Jim Gaither. They covered a wide range of experiences, but were all there at the beginning of the VC industry and shaped many of the fundamental structures of venture capitalists, VC firms, how they interact with entrepreneurs, how the companies (and investments) are structured, and how boards work.
The entrepreneurs who were in the documentary were equally awesome. They included Gordon Moore (co-founder of Intel), Jimmy Treybig (founder of Tandem), Nolan Bushnell (founder of Atari), Dr. Herbert Boyer (co-founder of Genentech), Mike Markkula (president/CEO/chairman of Apple for many years), Sandy Lerner (co-founder of Cisco), John Morgridge (early CEO of Cisco), and Robert Campbell (founder of Forethought). The interplay between VC and entrepreneur as the story of the founding and funding of their companies was told was very powerful.
After 30 minutes, when asked if she was still in, Amy emphatically said “yeah – definitely.” While I thought I knew all of the history, I learned a few things I’d never heard before, but more importantly I got the nuance of the stories directly from the participants. And all of it was rolling around in the back of my head this afternoon as I spent three solid hours on Startup Boards.
If you are a VC, or aspire to be a VC, do yourself a favor and watch Something Ventured right now. And, if you are an entrepreneur who is interested in how the VC industry got started, I think you’ll also find this fascinating. The film ended with all of the VCs echoing the powerful reminder that without the entrepreneurs, there would be no VCs. It made me happy that it ended on that note.
I don’t care what your political orientation is, if you want an awesome two hour lesson in leadership watch the movie Thirteen Days. It’s the story of the 1963 Cuban Missile Crisis based on the book by May and Zelikow titled The Kennedy Tapes: Inside the White House during the Cuban Missile Crisis.
Amy and I watched it last night. I was exhausted from two weeks on the east coast and was having trouble speaking (Amy refers to it as “getting the dregs of Brad.”) I think I was even out of dregs so I just laid on the coach and watched the movie. I half watched it a few months ago while catching up on email and I saw it when it first came out so I knew the story. But when I watched it a few months ago I didn’t give it my undivided attention. This time I did because I didn’t have the energy to do anything else.
On Thursday and Friday I was in DC and had four significant experiences. The first was a tour of the CIA which, while limited to very specific physical areas (including the CIA gift shop), included a 75 minute roundtable with the CIA’s CTO and his team about the future. Later Thursday night I had a very quiet tour of the West Wing. Friday morning I was on a panel on The Need for Net Neutrality with Brad Burnham (Union Square Ventures) and Santo Politi (Spark Capital) followed by a dynamite meeting at the White House with Phil Weiser and members of the National Economic Council team, Aneesh Chopra (CTO of the US), and Vivek Kundra (CIO of the US). For two days I was immersed in government leadership.
Yesterday I woke up very late in the morning to Brad Burnham’s post titled Web Services as Governments. It’s a must read post where he makes several very specific analogies for which web services act like which kinds of government. He specifically breaks down which government he thinks Apple, Facebook, Twitter, and Craigslist look like. While you may not agree with his mappings, the general construct is incredibly powerful when you think about creating a company that operates on top of a web service (or platform company.)
And then – after sleeping most of the day – I watched Thirteen Days. As I was immersed in it, I kept thinking about examples from Brad’s post as well as my experience dealing with web services that are powerful governments. When I think about those examples, Thirteen Days is a movie that every CEO and every member of the management team in these companies (or any company for that matter) should watch.
As a bonus, in both my CIA meeting and the Net Neutrality panel I got to toss out my line that “in 40 years we will not be able to distinguish between biological machines and non-biological humans. Basically the machines will take over and our goal should be that they are nice to us.” After waking up this morning feeling much more rested, it was extra fun to see a huge NY Times titled Merely Human? That’s So Yesterday about the Singularity.