Matthew Giampetroni
@matthewgiampetroni
@matthewgiampetroni
markets—these sublime machines that synthesize beliefs and aggregate them into prices—instantiate a secularized version of the sacred
People on the outside sometimes wonder why businesses with so few traditional assets seem to require so much financing. Well, they are accumulating assets: users are the new assets, and their use is what you’re out to monetize.Whatever your business model is, acquiring users is the new building factories.
Curation is a form of positional scarcity that we get whenever there’s an abundance of choice of something, and the average consumer needs help finding what they’d specifically like
Debt can also scare off growth equity funds, who don’t like not being the most senior money in the pref stack.
Every great burst of creativity or action is inseminated with the wiles of boredom
Firms should invest in innovation while cutting losses when a strategy is unlikely to pay off. This is an explicit recognition of the value of quitting
The primary job of senior management is to create value over the long term.