Posts from Politics

The Monthly Match

Last month, when the Gotham Gal and I and our friends Brad and Amy combined to match $20k of donations to the ACLU and ended up raising $120k on a weekend that saw the ACLU raise over $25mm, we committed to do a match every month for all of 2017. Part of me wants to keep doing this as long as we have an administration hostile to the rights of minorities in the White House but we will see about that. We are going to keep doing this monthly match for the rest of 2017 and then we will see how we feel about it.

So, today we are launching a second match offer. Brad, Amy, Joanne, and I will match the first $20k of donations to the National Immigration Law Center, which “engages in lawsuits that defend the fundamental and constitutional rights of all Americans, including low-income immigrants and their families, often in coordination with other local and national civil rights organizations.” You can read about their work and their mission here. The NILC has been around for almost 40 years and has done some amazing work over that time and we need them more than ever right now.

Why did we pick the NILC over many other groups that need our support right now? Well first of all, we plan to do this every month with a different organization that is supporting the rights of minorities that are at risk under this administration. So we have a long list and this is just the first of many we will support with our monthly match.

But more importantly, we remain upset and anxious about the efforts of this administration to throttle immigration and the rights of immigrants, both those in the US and those coming to the US. We have had some early victories in the courts but we need to keep up the fight for as long as the administration continues to pursue these efforts and along with the ACLU, the NILC is an important leader in this fight.

Here is how the monthly match works:

  1. Go to our monthly match page and hit the donate button and give whatever you feel like giving (min is $10).
  2. After you complete the donation, TWEET your donation out on the post donation page. That will register it for our match.
  3. If you don’t use Twitter, you can forward your email receipt. The instructions will be on the post donation page. We would vastly prefer you tweet it out if you can.

Last month, we used Twitter for this and had to manually record every tweet including a receipt. That was fun but a pain to administer. This time we are using Crowdrise for the donations and the accounting but keeping Twitter for the virality that was so awesome and brought in so much money. We have customized Crowdrise to make it feel as much like the Twitter campaign we ran as we could. We think this will work better and we will be optimizing this as we continue these monthly matches for the rest of the year.

I hope all of you who agree that we must fight the efforts of this administration to throttle the rights of minorities will join our monthly match campaign this month, and every month this year, and support the NILC. Go here to do that.

AVC, Gotham Gal, and Feld Thoughts Communities Rally $100,000+ For The ACLU

Reposted from Feld.com

Sunday morning Fred Wilson put up the following blog post: A $20,000 Match Offer On ACLU Donations Today. Joanne Wilson put up a similar post titled A $20,000 Match Offer On ACLU Donations Today on her blog.

It came after a flurry of emails that started with one from me at 7:41am.

“Inspired by Chris Sacca, Amy and I are considering doing an ACLU grant with a 100% match”

Joanne, Fred, Amy, and I were all distressed by Trump’s executive order on immigration, which Fred wrote about in Make America Hate Again and I wrote in Unsettled and Disgusted. We had seen the ACLU already jump into action so we collectively decided to do something about it by supporting it.

Fred’s partner Albert Wenger and his wife Susan Danzinger had already started a match for $15,000 so we (Fred, Joanne, me, and Amy) agreed that when they maxed out they’d hand the ball to us to match for another $20,000.

Jet lag then ate my soul and I went to sleep for a few hours. When I woke up, Amy said “we did something good while you were asleep.” I had well over 100 tweets with ACLU receipts, Fred had started a spreadsheet of all the matching gifts, and we had blown through our $20,000 match. By the end of the day, we were over $90,000 of matches with more coming in so we stopped counting and, with our $20,000, were easily over $100,000 to the ACLU in one day, which started with Fred’s blog post.

By the end of the day it had picked up enough speed to become a TechCrunch article: Some tech executives are matching ACLU donations amid immigration ban protests.

We know more executive orders on immigration are expected. Bloomberg is hinting Trump’s Next Move on Immigration to Hit Closer to Home for Tech. Regardless of how this plays out, I’m hopeful that Congress will step up and do their job at this point, rather than just let executive orders slide by, create chaos, and get litigated in court. Remember – Congress makes the laws and the President is supposed to execute the instructions of Congress.

In the mean time, thanks to everyone who contributed to the ACLU match yesterday. We helped the ACLU raise $24 million since Saturday morning. For perspective, the ACLU typically raises a total of $4 million in a year. Amy and I have been long time ACLU supporters and I expect they will have an outsized and important role in our democracy in the next four years.

A $20,000 Match Offer On ACLU Donations Today

Brad, Amy, Joanne, and Fred have been inspired by Chris’s $150,000 match offer yesterday and Albert and Susan’s $15,000 match offer today. So we are joining together (the four of us) and joining the movement they started and doing a $20,000 match offer on ACLU donations today.

And in the interest of keeping this thing we’ve got going, we are committing to run a $20,000 match offer for ACLU donations every month of 2017 on the first of the month.

Our hope is that by raising almost $250,000 during 2017, we will help the ACLU continue the legal and moral fight against the Trump Administration’s effort to institutionalize and legalize hatred, racism, and bigotry.

To participate in this match offer, just send us a receipt of your ACLU donation today. You can do that by tweeting your ACLU donation receipt to any one of us:

Brad

Amy

Joanne

Fred

Update: We maxed out on our match after about an hour this morning. Patrick Collison picked it up and will match until he maxes out. You can tweet your receipts to him here. Thanks to everyone who participated. It felt good, really good, to do something like this.

Make America Hate Again

I’ve kept my mouth shut about President Trump since he was elected in early November.

I figured there were other things to focus on where I could have an impact and so I did that.

But friday’s executive orders are too much for me.

Trump is institutionalizing hatred, bigotry, and racism with these orders.

They have absolutely nothing to do with policy.

They were not even vetted by the relevant governmental organizations who will have to implement them.

Make no mistake about this. These orders are not policy. They are politics. They are the politics of hate.

And we must rise up as a country against them.

The ACLU has already succeeded in obtaining a stay of deportations of immigrants and refugees trapped in airports and I suspect and hope that they are just getting started.

So I’ve just become a member of the ACLU. I’ve never been tempted to join this organization before, but Trump pushed me there and I’m glad he did.

Every month, I will be donating a nice chunk of change to the ACLU so they can fight the institutionalized hatred, racism, and bigotry that this administration is foisting upon us.

I hope you will join me in taking this action. You can do so here.

And I’m done with keeping my mouth shut too.

Update: Brad, Amy, Joanne and I are doing at $20,000 ACLU match offer today and plan to do another one every month for all of 2017. You can read about the details of the match here.

Second Update: Our $20,000 ACLU match offer filled up in about an hour. So Patrick Collison picked it up and he’s doing a match offer now. You can tweet your ACLU receipt to Patrick here until he maxes out.

Protecting The Right To Speak And Write And Blog

I stayed out of the public debate and discussion of the Gawker lawsuit because while I privately came down on the side of Gawker, the specifics of the case made me uncomfortable and I don’t think it was an ideal case to determine what is free speech and what is not.

However, the same lawyer, Charles Harder, who argued the case against Gawker, is back with another libel suit, this time against Techdirt and its founder and lead writer Mike Masnick. Regular and longtime readers of this blog will know that I am friends with Mike and have supported his efforts to speak out on Techdirt about all sorts of tech policy issues over the years.

The specifics of the Techdirt case are easier for me to get excited about. Mike has consistently and rigorously debunked the claims of Dr. Shiva Ayyadurai that he (Dr Ayyadurai) “invented” e-mail. Dr. Ayyadurai is upset with Mike about this and so he hired Charles Harder to file a $15mm libel suit against Techdirt and Mike.

Regardless of whether Dr. Ayyadurai invented email or not (I highly doubt it), we have a long standing history in scientific and technical circles and in the United States of freely, openly, and publicly debating and discussing technical issues like this. Through that sort of public debate and discussion we determine what is real and what is not and we also move the understanding of science and technology forward. These public debates can get nasty and personal, and that is unfortunate, but I believe it is better that we allow for this debate than set legal precedent that wealthy people can stifle debate by suing publications out of business.

So, I am urging everyone who cares about the legacy of free, open, and public speech and debate about technical issues to support Mike and Techdirt’s efforts to defend themselves. Mike wrote a blog post about this issue last week and this is taken from that post:

I am beyond thankful to the many of you who have reached out and offered to help in all sorts of ways. It is heartening to know so many people care about Techdirt. At some point soon, we may set up a dedicated legal defense fund. But, in the meantime, any support you can provide us will help — whether it’s just alerting people to this situation and the danger of trying to stifle a free press through meritless lawsuits, or it’s supporting Techdirt directly (or, if you have a company, advertising with us). As always, you can support us directly as a Friend of Techdirt, or check out some of the other perks you can get in our Insider program. You can also support us via Patreon.

I am hoping that Mike sets up a dedicated legal defense fund and plan to contribute to it if he does. I will let AVC readers know if that happens. Until then, let’s all get behind Mike and put a stop to this nonsense.

Talking To Others

People fail to get along because they fear each other; they fear each other because they don’t know each other; they don’t know each other because they have not communicated with each other. – Doctor Martin Luther King Jr.

I judged the Debug Politics Hackathon yesterday. The winner was Second Opinion, a Facebook Messenger bot that allows users to send the URLs of stories they have read and the bot sends back a similar story with a different take on the issue (a second opinion). The bot does a bunch of other cool things but you get the gist of it.

Two other hacks I really liked were Phoneocracy that connects people of differing opinions via phone to talk to each other and PespecTV which is “chatroulette for political discussions.” Both of these hacks had issues which got in the way of them winning, but the basic idea that the key to debugging politics to is to get people of opposing views talking to each other instead of at each other is spot on.

Like Doctor Martin Luther King Jr. said …….

The Perfect Sunday Afternoon Entertainment

If you are in NYC this holiday weekend and looking for something to do, consider attending the Debug Politics Hackathon Showcase at 4pm this afternoon in the Flatiron District:

I will be judging along with a stellar crew (Diana Rhoten, Stephanie Hannon, Nancy Lublin, Chris Wiggins, and John Heilemann).

But as strong as this group of judges is, the stars of the show will be the hackers and their projects.

God knows we need to debug politics and if that is going to happen, I am certain it will come from hackers not the folks in DC and statehouses around the country.

So if you want to see all of this in action, come by Casper’s offices at 4pm this afternoon and see it live and in person.

What Is Going To Happen In 2017

Happy New Year Everyone. Yesterday we focused on the past, today we are going to focus on the future, specifically this year we are now in. Here’s what I expect to happen this year:

  • Trump will hit the ground running, cutting corporate and personal taxes, and eliminating the preferential treatment of carried interest capital gains. The stock market has already factored in these tax cuts so it won’t be as big of a boon for investors as might be expected, but the seven and half year bull market run will be extended as a result of this tax cut stimulus before being halted by rising rates and/or some boneheaded move by President Trump which seems inevitable. We just don’t know the timing of it. The loss of capital gains treatment on carried interest won’t hurt professional investors too much because the lower personal tax rates will take the sting out of it. In addition, corporations will use the lower tax rates as an excuse to bring back massive amounts of capital that have been locked up overseas, producing a cash surplus that will result in an M&A boom. This will lead to an even more fuel to the fire that is causing “old line” corporations to acquire startups.
  • The IPO market, led by Snapchat, will be white hot. Look for entrepreneurs and the VCs that back them to have IPO fever in 2017. I expect we will see more tech IPOs in 2017 than we have since 2000.
  • The ad:tech market will go the way of search, social, and mobile as investors and entrepreneurs concede that Google and Facebook have won and everyone else has lost. It will be nearly impossible to raise money for an online advertising business in 2017. However, there will be new players, like Snapchat, and existing ones, like Twitter, that succeed by offering advertisers a fundamentally different offering than Facebook and Google do.
  • The SAAS sector will continue to consolidate, driven by a trifecta of legacy enterprise software companies (like Oracle), successful SAAS companies (like Workday), and private equity firms all going in search of additional lines of business and recurring subscription revenue streams.
  • AI will be the new mobile. Investors will ask management what their “AI strategy” is before investing and will be wary of companies that don’t have one.
  • Tech investors will start to adopt genomics as an additional “information technology” investment category, blurring the distinction between life science and tech investors that has existed in the VC sector for the past thirty years. This will lead to a funding frenzy and many investments will go badly. But there will be big winners to be had in this sector and it will be an important category for VCs for the foreseeable future.
  • Google, Facebook, and to a lesser extent Apple and Amazon will be seen as monopolists by government and individuals in the US (as they have been for years outside the US). Things like the fake news crisis will make clear to everyone how reliant we have become on these tech powerhouses and there will be a backlash. It will be Microsoft redux and the government will seek remedies which will be futile. But as in the Microsoft situation, technology, particularly decentralized applications built on open data platforms (ie blockchain technology), will come to the rescue and reduce our reliance on these monopolies. This scenario will take years to play out, but the seeds have been sown and we will start to see this scenario play out in 2017.
  • Cyberwarfare will be front and center in our lives in the same way that nuclear warfare was during the cold war. Crypto will be the equivalent of bomb shelters and we will all be learning about private keys, how to use them, and how to manage them. A company will make crypto mainstream via an easy to use interface and it will become the next big thing.

These are my big predictions for 2017. If my prior track record is any indication, I will be wrong about more of this than I am right. The beauty of the VC business is you don’t have to be right that often, as long as you are right about something big. Which leads to going out on a limb and taking risks. And I think that strategy will pay dividends in 2017. Here’s to a new year and new challenges to overcome.