Posting Purgatory

ClearCreek has published a semi-regular blog and newsletter since July of 2009.  However, when we applied for (update: and received) our broker-dealer license for ClearCreek Securities, there was an unfortunate consequence: we will be required to submit for review to FINRA all public communications (including these blog posts) for a period of one year. FINRA’s review is not a timely one, and…

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News Moves

News junkies everywhere know that it is the best of times, as news is presented in various forms through a multitude of channels, often in real time — but fear the worst of times, as the implosion of the former monolith of print news threatens the existence of journalism as a profession. Clay Shirky writes a very sage and direct…

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Venture Alignment

Do venture capitalists get paid very well to lose other people’s money? That is the thesis of a piece by Diane Mulchay, director of private equity at the Kaufmann Foundation. Along with misaligned fee structures and the limited downside risk, the core of her critique is particularly brutal: despite a claimed expertise to recognize and reward new ideas, the venture…

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Labor’s Links

Quick - to aptly recognize Labor Day, everyone go update their LinkedIn profiles. You won't be alone: LinkedIn membership has tripled in the past three years and now stands at about 315 million professionals, of whom two-thirds live outside the United States. The company generates revenue of more than $1.5 billion, and its market capitalization exceeds $27 billion. Its achievement…

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One Cool Thing: The Wirecutter

Inspired by Labor Day traffic, we decided to rise above the crowds. Instead of recommending a specific product, we are going all meta:  The Wirecutter is a cultivated list of great gadgets, with "each pick chosen mindfully and in accordance with many hours of research, interviews [...] and testing." There is ample variety by the standard subject category, but more…

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Price Imperfect

As comfortable as an Uber ride is, it sure seems to cause a lot of distress. Recently protests against Uber rolled Europe, even as the company was flexing its muscle with an $1.2 billion capital raise at a valuation in excess of $18 billion. Uber's international expansion has been remarkable, as this graph illustrates. And not to be outdone with Taxi…

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Strong Signs in Weak Signals

The ceaseless flow of information and data running through most businesses now has made it easier to spot big trends, but also threatens to wash over smaller pieces of critical information. But increasingly, it is these small snippets of data that carry important insights - key pieces of information floating along in the fast-paced stream of social data. McKinsey recently…

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Five Best Blogs: June 2014

We are catching up on the venture capital scene this month, with a good profile of Sequoia Capital (the VC "It Girl" of the past, oh few decades), a primer by Bill Janeway on the future of venture capital, a piece on the changing nature of competition, some great data on the VC Power Law for exits, and the invaluable…

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One Cool Thing: Cloze

The tension of social media is its increasing influence combined with its sheer difficulty to manage. The proliferation of information makes it harder and harder to hone in on a person or topic for signals both weak and strong.  We were fans of the former Gist and, since its demise (thanks, um, Blackberry) have been looking for a replacement. We've…

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Bitcoin of the Realm

2013 in a word? According to at least one economist it was: Bitcoin - a secure peer-to-peer payment system and digital currency created in 2009. New Bitcoins are mined by software programmers, and although users can remain anonymous, central to the system is a public database and sequential record of all transactions (as if one could track the use of…

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