The history of progress is the continued commoditization of once-scarce things.
Commoditization is the mechanism of compounding . It’s only by turning previously rare and unwieldy things into building blocks that we can build bigger and bigger things.
Its biggest beneficiaries are those who recognize what’s becoming commoditized and what will become... See more
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.
As a founder, the goal then becomes to metaphorically peel each layer of the onion — Each fundraising milestone turning into a set of risks being evaluated and sidelined. The earliest investors become the partners to help figure out what to focus on. Good pre-seed angels and investors are often described as “having taste” for good startups — In tru... See more
Onion theory extrapolated out to milestone driven approach towards pre-seed investing
Simply put, success breeds confidence. The longer this success lasts, the more a leader’s confidence grows.
The tricky part is that this increase in confidence is initially a positive because it is what enables a leader to take risks, expand, and grow. However, if success is sustained for long enough, an increase in confidence can morph from an adva... See more
What is true spiritually is true economically, too.