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Life news: I got a dog

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Shoe Dog

I knew very little of Phil Knight before picking up Shoe Dog, a memoir on building the company that became Nike. What a journey! Knight’s entrepreneur’s quest contains all the idiosyncrasy and luck we’ve come to expect in these American success tales.

Knight grew Nike out of a company, Blue Ribbon Sports, that he seeded with debt. Debt and the credit float kept the company placing orders that could meet their growing demand. Much of Knight’s difficulty in those early years came from the lack of capital available to high-growth companies, as venture capital was in its early days. Knight’s company came to resemble a Japanese trading company, heavily leveraged & nearly cash-less. Just as a decade long move to production diversification materialized into Nike, a new challenger appeared: The US Government, seeking millions in back import taxes.

Knight would fend off the feds (and specifically a bureaucrat kraken he likens to a pet octopus), moving on to offer Nike’s IPO at $22/share (the same as Apple).

In addition to the business drama, Knight’s memoir also expands my understanding of the Oregon man and the accompanying ethos. Not dissimilar from the ethics of the Pennsylvania Deutsch, I think.

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Thoughts

Less, More, and None

My friend Ethan shared his Less, More, and None list (inspired by Jacoby Young). Cool idea, thought I’d give it a try. Always good to remind yourself of your better aspirations.

Lenfest Institute and Digital First Media?

Notes on dynamic meters

Notes on newsletters

Notes on the membership model for news

Essays

Capturing Shawmont Station before its $1,000,000 preservation begins – the oldest extant passenger rail station in America

Originally a 18′ by 36′ stone house (Wissahickon Schist), the structure wouldn’t have stood out from the other country homes in this part of Philadelphia, at the tip of the Manayunk Reach, situated at the end of today’s Manayunk Canal Towpath.

Testing WordPress Gutenberg on a high volume news site

Water, sand, and societal change

The best restaurant? Matunuck Oyster Bar

Does Perry Raso run the best restaurant? Yes, I think he does.

EverQuote and patent medicine

In a thread begun October 2016, Washington Post technology director Aram Zucker-Scharff tweeted about the shady advertising practices of EverQuote, a Boston-based startup. Since then these ads have become prolific on the web (and nearly as prolific are Aram’s tweets documenting the malfeasance).

Lenfest Institute and Digital First Media?

What if Alden let another organization manage its newspaper assets as a blind trust? It would lose a great deal of flexibility in using DFM assets to leverage other companies it owns, but it would be able to wash its hands of the growing public relations crisis. Furthermore, it would give space for the strategic direction of DFM to be explored and pursued without the added baggage of hedge fund cross-percolation.

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