That horizon is massive and inevitable. We can take lessons from the evolution of social media to will a new multiplayer future of shopping into existence and change for the floundering paradigm forever.

Average loss ratio. Some sectors are higher risk than others. For the past couple of decades, for example, social media has been particularly challenging, with Meta acquiring or suffocating insurgents. If the sector you operate in has a high loss ratio, you may want greater diversification.

“Don’t aim at success—the more you aim at it and make it a target, the more you are going to miss it. For success, like happiness, cannot be pursued; it must ensue, and it only does so as the unintended side-effect of one’s dedication…In the long run—in the long run, I say!—success will follow you precisely because you had forgotten to think about ... See more

QUOTE OF THE DAY:

"Fiction reveals truths that reality obscures.”

-Jessamyn West (American author)

laughter

I’ve been doing improv comedy for the last twelve years. Over that time I’ve realized there are at least two types of laughter you hear from the audience. One is a response to something clever or smart, like ‘ha ha I see what you did there, very nice.’ It’s a shallow sort of laugh and one that comes mainly from the mind. 

The other - my favo... See more

So why quit? Three reasons. First, I’ve felt for a few years now that the startups I’m seeing don’t seem so much like progress as just shopkeeping. This isn’t a dig: there’s money to be made razoring a thin slice off a huge market, and there’s certainly less risk in that than there is building a market from scratch. But it’s just not that interesti... See more

It also could not be a better time for a paradigm shift. AGI and likely soon after superintelligence will force us to rethink human role in society. In the new world, the value of the human brain is increasingly defined on how creative it can be. Cosmic optimism helps us navigate this transformation by emphasizing focus on the very human qualities ... See more

Speculative frenzies are part of technology, and so they are not something to be afraid of. Those who remain level-headed through this moment have the chance to build extremely important companies. But we need to make sure not to believe in the delusion that has now spread from Silicon Valley to the rest of the country, and indeed the world. That d... See more

But the window doesn’t last long. As Paik thinks of it, “each time a new shift occurs, it is analogous to the formation of an unstable radioactive isotope. The radioactivity throws off a huge amount of energy in the form of capturable enterprise value, but is subject to half-life decay. Over time, the isotope decays and eventually becomes lead, at ... See more