Lillian Sheng

My third prescription for misery is to go down and stay down when you get your first, second, third severe reverse in the battle of life. Because there is so much adversity out there, even for the lucky and wise, this will guarantee that, in due course, you will be permanently mired in misery. Ignore at all cost the lesson contained in the accurate... See more

After the company finds product-market fit and has a sticky product experience in this category, the waitlist is often retired.

There are a few guiding principles behind what I think Twitter should do: 1. Make Power Users Happy, They’ll Keep Everyone Else Engaged. 
2. Power Users Want to Do More in the Twitter Ecosystem. 
3. The Twitter Graph is One of the World’s Most Valuable and Undermonetized Assets.
4. Twitter is More Than a Social Network. 

Well, so much for Carson’s three prescriptions. Here are four more prescriptions from Munger:

Tokens can be useful in capturing user attention and bootstrapping initial adoption, but they need to be coupled with strong product-market fit—solving a widespread need for users—in order to sustain usage.

• DoorDash is partnering with generalist and specialized retailers which are aggregated on the DoorDash marketplace. DoorDash manages the deliveries from the store network of these partners. Retailers can also leverage DoorDash last mile delivery network to sell and deliver their products in less than 30 minutes on their proprietary channels.


• DoorDash

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What’s new in what I’m proposing, I think, is the idea that the important thing isn’t to copy the physical properties of meatspace—it’s to use meatspace principles to inform how we govern thoughtspace.

Whereas in social media, people see content from their friends regardless of the quality of the content, in recommendation media, content distribution is optimized for engagement. This results in very little waste in a feed, and consumption patterns are highly efficient.