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
To search is to know that which you seek. The very notion of search requires you to accurately label what you are looking for. Unfortunately, in unknown territory, we don't always know what we are looking for. Navigating unknown territory is an exercise in discovery, not recall.
When I was younger, I was never this lucky. It is partly because I was less skilled. But it is also partly because I would interrupt the nonconscious processing back then. Unintentionally, I would tell my brain to focus on something else—a conflict in a TV series I was watching, for instance. I would watch an episode before bed, and the cliffhanger... See more
As we see base models continue to proliferate, and fine-tuned models begin to sit on top of them, our hypothesis is that these “thin layer” products should focus on having a clear opinion of how they form the output or how they shape the human to AI interaction layer. Put simply, the maximally viable product in AI is likely not where the vast major... See more
Vertical integration is typically the dominant strategy when industries are in their early stages or undergoing significant transformation, when market structures are unclear, supply chains are underdeveloped, and new technologies are emerging. Companies that can control more of the value chain can introduce new products that the market needs faste... See more
People tend to gravitate to different sides of the explore/exploit spectrum. If you are high on openness, like I am, exploring comes easy. But it is harder to make a commitment and exploit what you’ve learned about yourself and the world. Other people are more committed, but risk being too conventional in their choices. They miss better avenues for... See more