sari

Do you have a “number one principle” that guides you through the ups and downs of running a business?

While it’s not a principle, I often think of the parable of the Taoist farmer. The Taoist farmer has one horse, and the horse runs off. The villagers lament his misfortune, and he replies “We’ll see.” The horse returns with four more horses, and t

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While an estimated 12% of Americans hold gold, 25% of millennials with more than $50,000 in savings already own some form of crypto and another 42% are interested in purchasing crypto.

The reality is that if your goal is to optimize revenue to the company, shutting down APIs, algorithmically manipulating users, harvesting personal information for better ad targeting, reducing revenue shares, and all the things people don’t like about internet companies is the optimal strategy.

Now imagine what might happen if an artist could effectively buy into a song by purchasing some of its tokens on Royal or another platform, and then profit directly from the success of the remix. Suddenly, all the right incentives are aligned. The creators can create, and the owners get paid.

This is an adventure and adventures never go according to plan. That’s what makes them fun. And scary. And worth doing. That’s why you take a deep breath, surround yourself with great people, and head out into the wilderness.

The hardest thing is making anyone care.

In the Renaissance, a Florentine merchant could sponsor an artwork that would matter for centuries. In the early days of the American republic, a pamphlet could catalyze revolution. Today, even the most earnest Substack post risks being skimmed between an AI-generated video essay and a TikTok about luxury too... See more

Many regard early newspapers as cradles of modern democracy and human rights, and there’s obvious truth to that. But Innis worried that newspapers had a structural bias: They focused culture relentlessly on the present. To make money, newspapers had to train us to come back every day—to become convinced that if we stopped keeping up, stopped checki... See more