Two years ago, I quit my job and founded Portico.
At the time, I questioned the prudence of launching a business catering to an industry in cyclical — and perhaps structural — decline, and markets where fewer and fewer investors seem keen to tread. I mean, all the books say that you’re supposed to ride the wave of a growing industry, or at least choose one in which the customer base isn’t shrinking.
But, the thing about journeys is they start where you’re standing. So, I took the first step with a disregard for the macro and industry cycles.
Two years later, those founding doubts persist. (more…)
The holiday season is upon us, so I thought I’d take to the blog once more to share some of the best books I read during the year. Following fortuitous retweets from Marc Andreessen and Conor Sen last year, these annual posts have become the most frequently visited pages on the blog, with the 2014 and 2013 iterations attracting nearly one in five views. So thanks! I hope you find one or more of the books listed below to be an enriching read. (more…)
In late 2005, I would arrive at the office early and catch up on the latest news of sectarian violence in Iraq. It made for gruesome reading—bodies discovered in vacant houses, tied to chairs with clear evidence of torture. A favorite tool seemed to be power drills, which were used on knees, ankles, heads.
There were suspicions that Iraq’s interior minister—Bayan Jabr—was at least partially responsible, and that members of the National Police force that he oversaw were effectively operating as Shia death squads, exacting vendettas against Sunnis and former elements of Saddam Hussein’s regime. The sectarian violence seemed to be increasing until February 2006, when militants bombed one of Shia Islam’s holiest sites, the Golden Mosque in Samarra, kicking off an orgiastic spate of bloodletting that brought Iraq to the precipice of a full-blown civil war. (more…)