The best lead generation companies usually have some combination of a distinguished and highly trusted brand and a proprietary channel or value proposition they use to acquire customers that competitors cannot replicate. These companies typically have staying power and defensibility, are highly differentiated, and immensely more valuable than... See more
And so we arrive at the crux of the argument. DAOs are novelty search engines which can more efficiently explore a search space by enabling many cooperating teams to collect and integrate stepping stones.
Idea machines are not new, but the form in which they appear is changing. For most of the 20th century, the home for idea machines was foundations, first popularized by John D. Rockefeller in the 1910s.
More broadly, what will remain are jobs to be done. Software needs to be stable and predictable and have infrastructure to run on; that is a lot easier to buy from an entity than to manage yourself. Businesses don’t want to be IT departments; they want to actually achieve business results, and any time spent trying to get stuff to work is a waste... 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
By the mid-20th century, foundations had reached the height of their power and influence, triggering a congressional investigation into whether foundations were manipulating public opinion and thought. The lawyer Rene Wormser, who wrote the final report, described foundations as a “cartel” that threatened to direct our entire intellectual and... See more