As much as I wanted to, I never did get to go off to Space Camp when I was 12. I had to make do reading and re-reading the Time Life book series on the various planets.
It brought me right back to those days longing to be in a spacesuit as I read the tripped out description of next weeks lunar eclipse. I still try to sneak out for the occasional eclipse or meteor shower.. You should do the same during the middle of the night on the 28th.
Reading about the endless hamster wheel of Silicon Valley made me reflect on this effect in NYC.
New York has the same effect espoused in this article- to endlessly drive you to ever higher echelons of wealth. But the effect is less-pronounced due to other factors, at least from my experience.
While the very wealthy are always close by in New York, there is still great diversity of income. Sitting in my grungy office in Tribeca I am surrounded by the multi-million dollar lofts of hedge fund managers and the like. But I can’t walk to my office without passing the deathly-thin homeless lady with a cat who spends her days outside of the NY Dolls strip club.
For me this helps to give me perspective of how well off I really am. In Palo Alto you gain perspective by going out kite-boarding, in New York, you just walk down the street.
The NextNY crew got together to give a bon voyage to Charlie O’Donnell who is heading out on a cross country adventure while he reflects on where his life will take him next.
With the Empire State building looking down upon us we talked tech, NYC & of course, tomorrow’s release of the iPhone.
It was a hot night, but fairly pleasant up on the roof of the Koreatown La Quinta- up until the skies opened.
A good time though- with a lot of new peeps working on some really interesting stuff. A few more pics are here..
I watched the Barry Diller interview on 20/20 last night. I often get a kick out of the mainstream press covering the latest fad of tech- but this was a good interview, and I actually enjoyed all of the backstory about Barry’s lifelong romance with Diane Von Furstenberg. Barry talked a fair amount about building an online business around the old-business concept of brands. He’s done quite well at it- and IAC’s stock price is almost back where it was in ’03.
Barry wasn’t shy at all talking about executive pay and his seemingly outlandish compensation last year. In fact he even went on to admit that absolutely, he is the one that decides everything, and that shareholders have less say in the company then they do in others.
Listening to the last IAC investor conference call Barry was much less candid and upbeat. In particular the big tightening of mortgages has hit Lendingtree hard. Servicemagic is still going gangbusters though, no sign yet of the housing slowdown hitting there, good news for my venture- 30elm.
This is a great NYC quote from the excellent NYMag Profit Calculator Article..
“Like all older, colder cities, New York City suffered greatly in the seventies when declining transport costs made it possible for manufacturing to relocate to cheaper places. New York’s resurgence since then has been based on innovations in financial service…The flow of innovations was the result of a remarkable concentration of smart people in New York, each learning from the other how to get rich. Goldman Sachs is the ultimate example.”