Whiplash
This is the power of pull over push—it leverages modern communications technologies and the decreased cost of innovation to move power from the core to the edges, enabling serendipitous discoveries and providing opportunities for innovators to mine their own passions. At its best, it allows people to find not only the things they need, but also the
... See moreJoi Ito • Whiplash
He believed that from the earliest age humans build mental models to explain the phenomena—a speeding car, a cat’s raspy tongue—that surround us. As we grow older our experiences collide with these models, forcing us to adjust the models to accommodate our ever-changing reality. As such, child’s play is the act of a child inventing and reinventing
... See moreJoi Ito • Whiplash
addition to “buy low, sell high,” another important lesson from venture investing is that when the cost of innovation becomes very low, trying to reduce losses is less important than trying to amplify your wins. In this chapter we discussed the idea of not spending more on due diligence than the price of the investment, and the importance of not
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