As intelligence saturates the matter and energy available to it, it turns dumb matter into smart matter. Perhaps what I should say is that intelligence is more powerful than cosmology. That is, once matter evolves into smart matter (matter fully saturated with intelligence), it can manipulate matter and energy to do whatever it wants. This perspect... See more

Hubspot, for example, uses Canva to empower 300 team members to move quickly, create on-brand designs, and collaborate. Large global organizations such as Hubspot have trouble maintaining brand consistency and implementing design systems. Companies miss deadlines because design teams create bottlenecks due to too many projects and insufficient team... See more

You can find a bunch more juicy examples in the chapter titled, appropriately, "If the News is Fake, Imagine History". 

A publication isn't content. A publication is the exploration

of an idea.

But I thought a better way of thinking about how we manage our portfolios is to think about it as a funnel. If we do 36–40 deals in a Seed Fund, somewhere between 25–40% would likely see big up-rounds within the first 12–24 months. This translates to about 12–15 investments.

Our conclusion was that this isn’t a temporary blip that will swiftly trend-back up in a V-shaped recovery of valuations but rather represented a new normal on how the market will price these companies somewhat permanently. We drew this conclusion after a meeting we had with Morgan Stanley where they showed us historical 15 & 20 year valuation ... See more