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 s... See more

Why is Twitter—our global public square where tastes are made, people canceled, and heads of state threaten each other with nuclear hellfire—worth so little a billionaire can scrape together the cash to outright buy it? How is it possible that the upstream media source to everything bought or voted on is worth a pittance compared to Google or Faceb... See more

The modern Idea Machine better reflects how people self-organize today. They are decentralized, more closely intertwined with public dialogue, and work symbiotically with a community that anyone can join: many individual nodes operating in a loosely-organized network, instead of a monolithic organization.

This is the overall promise of your startup. Expert level performance through appropriate use of your software to speed up a defined part of a businesses’ key workflow.

We are biased to believe that the interim steps resemble the final goal, and use objectives to reach stepping stones that appear to lead to the final destination. However, without knowing the nature of the territory, those objectives may well lead us to get stuck.

Leaders with differing ideas naturally surface in groups of people, and it is equally natural for people to follow leaders and causes they believe in. Rather than replacing hierarchies, DAOs create a mechanism through which a single organisation can allow many hierarchical teams to explore different directions simultaneously.

I think the mistake too many entrepreneurs make is they start companies assuming they have scale. We’ve seen no scale, we’ve seen hyperscale, and what we realized was what we have to do is we have to start with that utility and the best networks. I didn’t realize Chris wrote that post, but I should maybe in the back of my mind that’s what I was quo... See more

Words are a lossy medium for describing rich, multidimensional ideas.

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 sent... See more