🤓 User research for consumer tech startups
đź§ Innovation in social systems
This idea—that by committing to buy a product early, you can help bring it to market faster —was first pioneered in the field of medicine. In 2010, a set of donors committed $1.5 billion to buy doses of a vaccine for Streptococcus pneumoniae before it had been invented. That “advanced market commitment,” as it’s called, spurred the rapid invention... See more
You can’t let players mint new NFTs forever and expect them to hold their value. There has to be some sort of burn mechanism in place for all the excess sneakers, or else they’ll become worthless eventually.
One of the highest-valued private technology companies, grocery delivery service Instacart, announced last month that it has cut its valuation 40%, from $38 billion to $24 billion. To be more specific, the 409A share price (or value of a share of common stock) went down in its most recent third party analysis, such that the company is now valued at... See more
Things you can say to people in ten seconds that sometimes produce insanely outsized effects:
1. Yeah, someone *should* do that. Why not you?
2. Is there something you could do about that problem in the next five minutes?