Peter Kafka

Recent Posts by Peter Kafka

QOTD: You Think It's Cheap to Feed Fail Whales?

“Statement 1: Social media businesses are capital efficient and don’t need much money. Statement 2: Twitter has now raised over $300 million.”

RRE Ventures’ Eric Wiesen, mulling over Twitter’s latest mega-funding round, via… Twitter.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work