Techdirt Podcast Episode 110: Luck In Silicon Valley, With Robert Frank

from the chance-encounters dept

Innovation isn't easy, but success in Silicon Valley involves a bigger dose of luck than a lot of entrepreneurs seem prepared to admit. Chance gets left out of the economic equation all too often, and this week we're joined by Mike's own Econ 101 professor from Cornell, Robert Frank, to discuss the role of luck in the world of entrepreneurs and innovation.

Follow the Techdirt Podcast on Soundcloud, subscribe via iTunes or Google Play, or grab the RSS feed. You can also keep up with all the latest episodes right here on Techdirt.

Hide this

Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.

Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.

While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.

–The Techdirt Team

Filed Under: innovation, luck, robert frank, silicon valley

Reader Comments

Subscribe: RSS

View by: Time | Thread

  • icon
    mermaldad (profile), 23 Feb 2017 @ 6:57am

    Consumption-Based Tax Options

    In this episode, one of the topics covered was the benefits of a consumption-based tax system vs. our current income-based system. Dr. Frank proposed a tax code where consumption is measured by subtracting savings from income. I have heard other proposals for a VAT, which in theory does the same thing. In practice, however, I suspect that the subtraction approach would do more to promote saving since the cost of the tax on an annual basis would be more apparent every tax day, compared to the VAT in which the tax cost in spead through the year. I also imagine the tax avoidance strategies (legal and not-so-legal) would differ between the two. IANAE, so all of this is a layman's speculation.

    This is not as tech-focused as most of Techdirt, but it might make a good future episode of the podcast.

    reply to this | link to this | view in chronology ]

  • identicon
    Anonymous Coward, 25 Feb 2017 @ 3:52pm

    Robert Frank is your basic big government liberal

    who believes that the government can always do better things with your money than you can.

    Unfortunately, the evidence doesn't back this up. In fact, the government is a pretty poor steward for your money, and consistently wastes it on any number of hair-brained schemes.

    A great example which embarrasses big government advocates is Elon Musk, who has gotten far more bang for his buck in SpaceX than NASA has with your bucks. Yes, NASA is a playground for all kinds of micro-managing interference by politicians, but that's the point, isn't it?

    reply to this | link to this | view in chronology ]

Add Your Comment

Have a Techdirt Account? Sign in now. Want one? Register here

Subscribe to the Techdirt Daily newsletter

Comment Options:

  • Use markdown. Use plain text.
  • Remember name/email/url (set a cookie)


Add A Reply

Have a Techdirt Account? Sign in now. Want one? Register here

Subscribe to the Techdirt Daily newsletter

Comment Options:

  • Use markdown. Use plain text.
  • Remember name/email/url (set a cookie)

Follow Techdirt
Special Affiliate Offer

Essential Reading
Techdirt Insider Chat
Recent Stories

This site, like most other sites on the web, uses cookies. For more information, see our privacy policy. Got it

Email This

This feature is only available to registered users. Register or sign in to use it.