Jay Matthews

Network effect: occurs when a product or service becomes more valuable to users as more people use it (also known as: demand-side economies of scale)

• create barriers to exit for existing users and barriers to entry for new companies


• protect software companies from competitors eating away at their margins


• can help create or tip winner-take-all marke

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Take, for instance, the dream-world in which time does not flow but sticks, adhering each town to a particular point in history and each person to a particular point in life. There is no shared stream of present in this world — only islands of neighboring solitudes, each suspended in a different moment of a different past: "The tragedy of this worl... See more

What education does is provide a curated experience to help you learn. Done well, it sifts through the myriad resources, possible paths, and common errors and says: > read *this* (not that) book > practice *this* skill first > be wary of making *this* mistake

"When you call it a model, you're not tricking yourself, you're actually unpacking yourself. You're reframing to bring your relationship with that idea to where it should be, to where it makes sense." — Tim

The takeaway is that you can take it slow. Creating online, doing your own thing, and dabbling here and there might dramatically expand your possibilities in the future.

Like, if you think about this, I just want to lean in for a second and get us to think about like that, which the energy that, um, that is inside of a seed that can crack its seed coat, and roots can go down and these leaves can go up, is the same energy that swells, um, the lilac buds in the spring, and as the same essence, that then turns that bl... See more

There’s a difference between hard work and hustle, and it’s mostly a spiritual one. Hard work can be done for the love of the work itself. ... Hustle is greedy and grasping. Everything is a means to an end. Nothing can be labored over for its own sake.

10 lessons from the past year

1. There has to be value: product market fit, there must be fundamental value for users


2. Web3 and crypto are not consumer friendly: people want problems addressed regardless of labels or terminology — " Crypto will scale when the technology becomes the invisible enabler of what consumer actually care about "


3. Incentive desig

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