ReFi is a beautiful idea – a re-imagining of the financial system using the tools humanity now has at its disposal to better account for the needs of all stakeholders, current and future. It puts a price on externalities, charging those who create negative externalities and rewarding those who create positive externalities.

The rapid collapse of the mighty and opulent Mughal Empire in the early eighteenth century stands as almost an enigma of history, but perhaps what was even more improbable was its complete replacement not by a rival state, but by a European trading company a century later. William Dalrymple charts the disintegration of India into a state of civil s... See more

ReviewsVerifying your supplyLeaning on social proofCreating a perception of qualityProviding a safety netDelivering magic

First, most venture capital firms use antiquated business models that prevent them from being able to move quickly, reach scale, and establish strong competitive moats. Most venture firms are built on a partnership model, like law firms.

I found myself dreaming about designs that might satisfy my requirements, while also supporting new interactions, new ways of relating, new aesthetics. At the same time, I read a ton about the early days of the internet. I devoured oral histories; I dug into old protocols.

GP partnerships are highly time and attention constrained, making them the opposite of scalable. Most processes are run manually, and there is rarely much use of software or automation to help source, assess, or execute deals.

In this series, the secret history of The Secret History revealed; the secret history of three of the greatest writers of Generation X revealed; and the secret history of Generation X itself revealed. . 

Areas of opportunity; hiring, creating products for founders like NFX's Signal, and processes such as indexing people instead of companies.

Productizing venture means taking everything that venture capitalists do — from sourcing companies to evaluating companies to adding value to founders — and using software or networks to do it better.