Sarah Drinkwater
@sarahdrinkwater
Knowledge beachcomber interested in the ownership economy, flourishing communities, ecosystem building, magic, and knowledge as an end to itself.
Sarah Drinkwater
Triumph of the Nerds: Part 1: Impressing Their Friends
youtube.comThe Three-Body Problem: Finding the New Stable Points in Venture Capital
fintechjunkie.com
The Indie Era of Startups
bryce.medium.com
perspectives on funding and venture capital (VC) and venture capital
As the amount of capital raised by venture capital firms nearly 8x’d between 2013 and 2022, the number of new startups funded didn’t even double.
When you take total VC dollars raised, divided by the number of new companies, you’ll see the average startup today has 5x more VC capital available than its counterpart did in 2013.
Rather than fund more ideas or more types of founders, most VCs simply ended up giving more dollars to more of the same founders and ideas they’d always back.
Great businesses aren’t good enough to drive the kinds of returns needed to generate the kinds of returns mega funds demand. As more capital was consumed, more risk was layered on to push from a great outcome to a mega-fund returning outcome.
Today, the fuel for startups and the oxygen for funds are being cut significantly. There is less available capital and appetite for burn
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... See more
Book Review: The Anarchy: The Relentless Rise of the East India Company by William Dalrymple
At events like last week’s PactDAO panel, there is a noticeably differentiated and nuanced conversation happening. Between the polarized cheerleading from crypto maximalists and the straw-manning from leftist tech skeptics, there is a cautious yet optimistic embrace of crypto as a frontier for constructive experiments, with plenty of design space... See more
Dirt • Dirt: Solid(ar)ity
Caregiving and
How distributed teams use stories to coordinate people and build knowledge.
Calvin Hutcheon • Enchanted — Working With Lore P2 Discursive Landscapes
One of the reasons that Here Comes Everybody holds up comparatively well in 2022 against its contemporaries is Shirky’s willingness to recognize how broader social forces might thwart the “inevitable” effects of a technology on society.