Juan Orbea

It’s natural to care about future generations: we may all want the lives of our children and grandchildren to go well, even before they are born. 

The Problem: “DAO” Has Lost all Clear Meaning

What happens in the public markets is highly likely to filter back to the private markets because the ultimate exit of these companies is either an IPO or an acquisition.

Webster defines “decentralization” in relevant part as follows: "the delegation of power from a central authority to regional and local authorities". This means that decentralization occurs when power is widely dispersed or distributed.

That’s all well and good, but I worry that this is yet another example of us in education not wanting to level with kids about what’s feasible for them based on their level of academic achievement. Aptitudes show potential, but people can only realize their potential if given the opportunity for training and practice.

Early on, big things might start out feeling like a toy. But their ability to extend from one value proposition to the next, and address more and more of a market is the secret sauce you want to dream about. That's where high net dollar retention comes from. Companies that are able to drive usage (more volume of the same thing) or modules (adjacent... See more

I don't think of this as an affront to the idea that "no one can predict the future." It is, instead, a statement of belief. You're putting your capital and resources behind a future you believe in. Will Bezos' 2,300% internet growth be long-term? Or more volatile, like OpenSea's NFT volumes?