Mark Fishman

Banks and investors tend to be uncertain about lending to carbon-removal companies that want to build a facility to test their ideas, Ransohoff said. But with an offtake agreement from Frontier, a carbon-removal start-up can prove to a bank that it will have a customer once the facility is up and running.

“The reality is that tech companies have been using automated tools to moderate content for a really long time and while it’s touted as this sophisticated machine learning, it’s often just a list of words they think are problematic,” said Ángel Díaz, a lecturer at the UCLA School of Law who studies technology and racial discrimination.

In the MVP strategy, you have no strategy: You throw things at a wall until it sticks. In the MVT world, you take your time to discover a strategy but once you have one, you move forward with conviction.

When the office is a place, there is a physical connection to colleagues. When the office becomes a group chat punctuated by Zoom all-hands meetings, switching jobs is practically as easy as logging out of one Slack account and logging into another.

The only way everyone keeps making money is if other people keep putting more money into the system, which either requires more people or deeper pockets from existing people.This is the metagame of STEPN: how long can you milk the magic money machine before it all comes crashing down? And can they fix their doom loop before it gets triggered?