Today I wandered around a Mung village miles outside of Chiang Mai in Northern Thailand. While there, I was given the wonderful opportunity to walk around the hill tribe’s school and observe their students. After today, it’s clear that leveraging technology for education distribution is not only a massive opportunity, but also a distinct societal obligation.
The Mung people do not speak Thai. Though they relocated to the Thai hill country in the late 19th century, they speak a dialect of Thai incomprehensible to the standard Thai citizen. They lack easy access to markets (not equity markets, but barter markets) where they can sell their crafts and product. They lack any form of significant political representation. They are largely outcast from traditional Thai society.
Yet, young Mung students want to learn. In the late 1970′s the Thai King, a prominent philanthropist not … Read More »
Over the past two days details surrounding Groupon’s and Pandora’s IPO filings have hit the street. Scrambling to capture some of the perceived value of the hot market demonstrated by the recent LinkedIn IPO, each firm has released financial information and speculated on offering price. And in my opinion, each firm appears to be massively overvalued by the markets pricing each IPO.
In the wake of the LinkedIn IPO, many technocrats and business people alike have speculated on the existence of a new tech bubble to rival that of the late 90′s and early 2000′s. How can a business that has minimal revenues and unadjusted negative earnings be worth 9 Billion dollars? The answer is simple, LinkedIn is a platform technology. We don’t in fact know what it will be worth… but we do know that it has the potential to … Read More »