From my POV some people innately have more conviction than others, sure, but most people don’t even try to build any of their own because they’re so used to blindly adopting the opinions of others
This is what people don’t understand about visionaries: They don’t need to predict the future. They learn to snatch it out of the folds of time and wear it around their bodies like a flowing cloak
Early-stage venture capital investments take a long time to come to fruition. These or other YC companies from after Graham’s tenure may yet prove to be economically and culturally important like their forerunners. The evidence so far, however, suggests that their impact is well below that of earlier YC companies of similar age, in spite of their... See more
So what’s the alternative? Well, novelty search is a form of non-objective search. Instead of following the stepping stones that appear to lead to the objective, simply collect stepping stones that lead in interesting directions. Focus on newness, regardless of where it leads.
Great ideas tend to come from a single mind and leadership is a requirement for effective human collaboration. Hierarchies are well-optimised to enable strong leaders to achieve strong outcomes. DAOs do not get around this fact. Hierarchies work because they enable leaders to synthesise the contributions of a group.
I’m dubious that much else of Web 2 will survive the hop to Web 3, either from the tech or consumer point of view. The one thing I’m absolutely convinced will have to exist for Web 3 to succeed is effective and natively on-chain attribution that gives NFTs and other virtual goods their due (and gets their owners paid).
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
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