Jay Matthews

Risks to the trend

1. LPs too slow to react, VCs lack incentives to admit limitations in current processes


2. Poor quant performance 


3. Downturn in private markets 

"Our ability to engage with geographical science will determine our future."

These forces, in turn, were accelerated by the increasingly winner-take-all dynamics of the economy that were unleashed by the demise of traditional industries and regulations.

Historically, however, psychoanalysis emerged in a specifically Western tradition of intellectual and social values. It is based on a philosophy of liberal individualism and thus has proved to be a therapeutic technique exhibiting constraints that have limited its applicability across cultures and classes.

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

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On Darwin's influence of Psychoanalysis

Writing, art, creation: this is smithwork. You set your fire; you use your bellows, your pen, your paper, to heat it to the right temperature. You set your base metal in the flames, heat it until it is white. Then you begin your transformation.