King
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King
demand for a product increases when the price of its complements decreases. In general, a company’s strategic interest is going to be to get the price of their complements as low as possible. The lowest theoretically sustainable price would be the “commodity price” — the price that arises when you have a bunch of competitors offering... See more
Commoditize the complement
The ultimate Timeless advice
internetwisdom.substack.com
TikTok is entertainment Cheetos
internetwisdom.substack.com
Bittorrent and breaking rules
Decentralization
Internal prediction market
Tyler Cowen • Why don't more businesses use prediction markets? - Marginal REVOLUTION
Be a master at whatever you do.
wikipedia.org • Mastery Learning
Opendoor took 15 years to have the right team.
Substack • How to Find a Co-Founder
Clusters are powerful.