sari

California e-tailer Revolve did $499 million in sales last year but spent $531 million on returns, after accounting for processing costs and lost sales. The number does not account for the retailer also covering the shipping costs of returns. Revolve declined to comment on whether it’s working to resolve this discrepancy.

Gorillas is betting that customers care about speed above all else and building a business model to enable this.

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We will see more products that make owning stocks feel like owning a piece of the company itself over time, whether from existing startups or new entrants. One idea would be to create a digital equivalent of AmEx’s “Member Since ‘00” card for stock ownership. I would love to show off the fact that I’ve owned Shopify since $89 and SNAP since $20 wit... See more

Companies can’t fork. DAOs can. Companies can’t easily swap equity with each other. DAOs can. Companies don’t treat their governance as a form of participatory entertainment and social network building (although maybe some activists do). DAOs can.