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Office, which s is kind of the exemplar invented y basically the game in a sense from the Institutional Investment perspective. One of their secrets to success getting off the bus one stop too early rather that ne stop too late but takes a lot of courage. And you know, most investors lack courage because they focus career risk and theres a whole principal agent problem there. Furthermore, once you say no to fund, youre forever in that gps bad graces. Right. And we all have examples, ill say i wrote a blog a long epistemologyed the of investing. Why do we believe what we believe. What justifies our beliefs . What made me think of that when to the xl i said no Facebook Fund twice when i was as rinceton and once again they were raising. Everything in that moment said that was an easy no and boom greatest p one of the personaer and ive been nongrata, not explicitly but s ....
We make money from advertising down right cal or extortionist. How do you respond to that . Its of course nonsense because the only reason why we are as successful as we are is we have millions and millions of users that support our vision and because we incremental of revenue for our partners. Now, of course ad blocking is controversial. I think Disruptive Technology has to be controversial. O coming up next, its randal, and im very sure hes going to and nue his rants about me about my team. Really is t just an attempt to distract people of the real reason why were in this mess has failed to create an advertising ecosystem healthy. Ustainable and moderator so when you say its Disruptive Technology and thats its controversial, but certainly there are probably going to be as ad blocking to grow, there are goes that are going to be hurt by really concrete way this ....
Or parts of institutions to challenge ourselves to be more rigorous in identifying the outcomes that we value and beginning to build up a body of work, measures of those outcomes that we can talk about over time. I think the holy grail in all of this is to be able to develop longitudinal systems of data about outcomes and tracking changes in individuals lives over time. And at the state level, there are several states well along in this project. I wish we were further along in the federal government. And i think theres an opportunity for not only institutions, but companies to develop tracking systems that would help institutions measure the process of the folks who participate. So you have, as i think many in the room know, some of your own scars in outcomes measurement. As i read in the the New York Times, you and i, we didnt talk about this at the time but u read in the the Ne ....