In the Curiosity Phase of an emerging technology, Founders must at times ignore the seemingly endless user demand and instead litigate each decision they make with a lens for building long-term defensibility and value. Product feature expansion, prioritization, go-to market, and customer success become filled with minefields amongst the rising... See more
For example, say you’re building a product for a niche market worth “only” $50 million. Who will invest in you?- VCs won’t touch you because the math doesn’t work out — they need investments that have a shot at returning the portfolio.- Banks won’t touch you because they only know how to underwrite going concerns — businesses with operating... See more
Fully open, easily accessible data, together with open debate and version control, enables much greater scrutiny over results, which should lead to more accurate knowledge.
The divide between those who do and don’t own capital is an important driver of widening wealth inequality [50]. Forms of accessible co-ownership could be an antidote to chronic wage stagnation and anxieties about job-replacing automation.
Just because a company is B2B doesn’t mean it can’t have the taste and style of a B2C company. People who work in companies are still people, and delightful experiences should be for everyone.
The best example of this alternative product is Indie.VC, run by Bryce Roberts. Over the course of 6 years, Indie invested in 40 companies. It held the two key components of limited fund size and gave equity optionality through redemption clauses or equity buybacks. The results are encouraging, with a 51% IRR and 4.3x TVPI, while 87% of the... See more
hypothesis:
1. work feels bad (unmotivating, boring, hard) when we lack of focus
2. focus is upstream of energy, flow, fulfillment, progress, feedback loops
what's upstream of focus?
attention (presence) paired w/ agency (when our... See more