Tekelala

The first record of sports betting dates back to more than 2,000 years ago. Betting on the ancient Olympics was where it started. Fast forward to the 20th century betting moved to casinos In Las Vegas in the 50s and then widely throughout the world with tens of thousands of betting shops. The true catalyst though was the internet which made betting... See more

Every additional customer accrued a cost, whether that be the marginal cost of serving them or the opportunity cost of not serving a different customer. Given that, it was, as Christensen noted, perfectly rational to focus on the most profitable ones.However, something else momentous happened around 20 years ago: the emergence of the Internet. As... See more

A subtext to last week’s article, Tech’s Two Philosophies, was the idea that there is a difference between Aggregators and Platforms; this was the key section:It is no accident that Apple and Microsoft, the two “bicycle of the mind” companies, were founded only a year apart, and for decades had broadly similar business models: sure, Microsoft... See more

What is a Venture DAO?A Venture DAO is a community governed group that seeks to invest combined capital of the community.Venture DAOs stand out from traditional investment vehicles because they are typically egalitarian, transparent and meritocratic by design, lacking a single leader and instead relying on community voting and consensus.Because the... See more

In this series, we’ll first share an overview of Web3 infrastructure before we look at its economics and possible business models, to demystify and help you understand more about what it is, why it’s important, and its possibilities.