Wtf?

Indie.vc is modeled on Y Combinator, the classic Silicon Valley accelerator, which takes a small but meaningful stake in very-early-stage companies in exchange for a very small amount of cash, plus a lot of help in business planning, networking with other entrepreneurs, and eventually, showcasing the company to VCs. Y Combinator has been phenomenal

open source programs “evolve” as much as they are designed. And as I wrote in my 1998 paper, “Hardware, Software, and Infoware,” “Evolution breeds not a single winner, but diversity.”

In Who Do You Want Your Customers to Become? Michael Schrage writes: Successful innovators don’t ask customers and clients to do something different; they ask them to become someone different …. Successful innovators ask users to embrace—or at least tolerate—new values, new skills, new behaviors, new vocabulary, new ideas, new expectations, and new

But it is only when a business becomes profitably self-sustaining, rather than subsidized by investors, that we can be sure that it is here to stay.

who will win in self-driving cars, one has to ask not just who will have the best software, but who will have the most data. In a 2016 conversation with

“Services do not only represent a software structure but also the organizational structure. The services have a strong ownership model, which combined with the small team size is intended to make it very easy to innovate. In some sense you can see these services as small startups within the walls of a bigger company. Each of these services require

“I don’t know what’s the matter with people: they don’t learn by understanding; they learn by some other way—by rote, or something,” Feynman wrote. “Their knowledge is so fragile!”13

Putting that observation together with my knowledge of the early history of the PC and the rise of Microsoft, and thinking about the long arc of Internet-enabled collaboration, is an example of what I call “thinking in vectors.”

“Only around 15% of the money flowing from financial institutions actually makes its way into business investment,” says Rana Foroohar.28 “The rest gets moved around a closed financial loop, via the buying and selling of existing assets, like real estate, stocks, and bonds.” There is some need for liquidity in the system, but 85%? As we’ll see in t