And we’re seeing the emergence of more escapist forms of media, namely VR. Over the weekend, I went with my family to the Harry Potter VR exhibit in Madison Square Park. We flew on broomsticks over Hogwarts and fought Death Eaters. Every time I experience VR, I have full conviction that it will live up to its hype—just a bit later than we all... See more
ReFi seems hippie, but it isn’t anti-growth or anti-progress. It’s for a new financial model that includes and regenerates people as individuals with unique talents, communities as economic hubs, and the health and biodiversity of global ecosystems. Its participants want to accelerate the development of new, planet-positive technologies through... See more
As a result of these much larger outcomes we've built a movie-making system that is focused on big hits because the business model can't really absorb too many massive flops. So you get sequels, prequels, and spin-offs. Established IP and bankable stars. No big risks. And you don't get nearly as much experimentation, innovation, or creativity.
The second structural problem with the VC industry is that most venture firms are selling a product that is fundamentally an undifferentiated commodity — capital.