One of our theories is to seek out opportunities where there’s a major change. Major dislocation in the way things are. Wherever there’s turmoil, there's indecision. And wherever there’s indecision, there’s opportunity. So we look for the confusion when the big companies are confused. When the other venture groups are confused. That’s the time to... See more
I suspect we humans do better with constraints; the Internet stripped away the constraint of physical distribution, and now AI is removing the constraint of needing to actually produce content. That this is spoiling the Internet is perhaps the best hope for finding our way back to what is real. Let the virtual world be one of customized content for... See more
How to de-risk building a social network
The components that have the most engineering scope tend to be wholly reusable—such as the friendfinder & invite system. The fastest way to arrive at an app that resonates is to run rapid experiments by only changing the interaction model
1/ Why AI is not going to replace programmers:
When I was in college studying Computer Science in 2005, I was told that out-sourcing to India will remove the demand for programmers. It was a real fear!
AI replacing coders, I think, it’s based on a similar... See more
There are thousands of smart people who could start companies and don't, and with a relatively small amount of force applied at just the right place, we can spring on the world a stream of new startups that might otherwise not have existed
Americans are back on their entrepreneurial grind, after a 40-year decline in entrepreneurship.
New business applications by year:
2019 3.5 million
2020 4.3 million
2021 5.4 million
2022 5.1 million
The second path is to create an idea, mechanism, feature, or whatever that is so novel and unique that it survives and eventually sifts down on the back of another product, even if the company that created it fails.