Whiplash

new products and technological interventions without considering their ecological, social, and network effects has passed.

addition to “buy low, sell high,” another important lesson from venture investing is that when the cost of innovation becomes very low, trying to reduce losses is less important than trying to amplify your wins. In this chapter we discussed the idea of not spending more on due diligence than the price of the investment, and the importance of not po

Nobody has ever won a Nobel Prize by doing what they’re told,

Marvin Minsky, the pioneer of artificial intelligence, once said that “the problem with Logo is that it has a grammar but no literature,”

the “four Ps” of creative learning—Projects, Peers, Passion, and Play—animated

“you should [code] because you love it, because it’s fun—because it’s wonderful to create machines with your mind. Software is math-in-motion. It’s a miracle of the mind. And if you can do it, really well, there’s absolutely nothing like it.” He

Learning, we argue, is something you do for yourself. Education is something done to you.

This is the power of pull over push—it leverages modern communications technologies and the decreased cost of innovation to move power from the core to the edges, enabling serendipitous discoveries and providing opportunities for innovators to mine their own passions. At its best, it allows people to find not only the things they need, but also the

“The way we wrote about computers at Business-Week, the way most people talked about computers, were as tools, a way to get jobs done,” he says. “But Papert saw computers as something that could help you see the world in new ways and as a medium for kids to express their ideas.”