Friedberg compares market retracements: 1987 saw 33%, 2000 saw 47%, 2008 saw 56%, but we're only 20% into this one.
“1987, we saw 33% retracement. 2000, we saw 47%. 2008, we saw 56% and we're only 20 into this one.”
Friedberg recalls buying 17 megabytes of weather data on CD-ROM for $10,000 in 2006 when founding Climate Corp.
“when I started Climate Corp 2006, the first thing I did when I got a seed check to start the company is I went out and bought weather data, and I bought it from a company called RMS that sold weather data. The sales guy was a guy named Jeff Hamlin.”
Friedberg reveals Ohalo is named after a 23,000-year-old archaeological site showing early seed cultivation.
“The company, Ohalo, is named after a site discovered next to the Sea Of Galilee called Ohalo 2. It's an archaeological site.”
Friedberg contrasts 1950s technology optimism with current negative associations toward technological progress.
“Go back to the 1950s. There were all of these crazy posters about humans will go on rockets to the moon and we're all going to live on star bases on the moon.”
Friedberg notes that Disneyland's Tomorrowland in 1955 originally celebrated future technology opportunities optimistically.
“In 1955, Disneyland opened, I've told this story before with this ride called Tomorrowland. This area called Tomorrowland. I mean, you've been there. And every ride there was about the future opportunity with technology.”
Friedberg recounts buying a CD-ROM with 30 years of weather data for 200 stations when founding Climate Corp.
“I'll give him a shout out because he still works at Climate Corp to this day I hired him after so he sold me a CD ROM of weather data.”
Friedberg recalls buying weather data on CD-ROM for $10,000 when starting Climate Corp in 2006.
“The sales guy was a guy named Jeff Hamlin. I'll give him a shout out because he still works at Climate Corp to this day.”
Friedberg explains Lloyd's of London started as maritime traders meeting in a coffee shop to underwrite shipping route risks.
“So in the seventeenth century, Lloyd's of London, which was a coffee shop in London where all the maritime traders would get together and they'd talk about, hey.”