“Innovation has never come through bureaucracy and hierarchy. It’s always come from individuals.” — “Innovation has never come through bureaucracy and hierarchy. It’s always come from individuals.” ~ John Sculley The following excerpts are from the Social Leverage Letter. You can subscribe here. READING Craft Ventures In the current economic environment capital efficiency is playing a bigger role in startup evaluation. The bottom line…

The Ferrari 330 GT 2+2 was first shown at the Brussels Motor Show in 1964. The quad headlights GT 2+2 replaced the achingly beautiful 330… — The Ferrari 330 GT 2+2 was first shown at the Brussels Motor Show in 1964. The quad headlights GT 2+2 replaced the achingly beautiful 330 America. Ferrari switched back from the quad headlights to single headlights for the 1965 Series II. Power came from the 4.0L Ferrari Colombo V-12. A…

Survivorship bias is a form of selection bias whereby persons or things that made it through a selection process of some kind are… — Survivorship bias is a form of selection bias whereby persons or things that made it through a selection process of some kind are represented in a sample, and those that didn’t make it through the process are overlooked, usually because they lack visibility in the data set. This often leads…

A man is driving down a country road at around 45 mph. He looks out the window and sees a chicken running along side of him. — A man is driving down a country road at around 45 mph. He looks out the window and sees a chicken running along side of him. He can’t believe his eyes, so he speeds up to 60 mph. Looking out the window he sees the chicken still there. All of a…