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ecently, Bill Gurley tweeted a proverb that was shared with him.

“Every morning in Africa, a gazelle wakes up. It knows it must run faster than the fastest lion or it will be killed. Every morning in Africa, a lion wakes up. It knows it must outrun the slowest gazelle or it will starve to death. It doesn’t matter whether you’re a lion or

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Most companies in the public market are valued on revenue or EBITDA; if revenue increases, so does the value of the stock...  As for tokens, it’s an open question. The valuation methodologies haven’t coalesced yet. Cryptoassets written by Burniske and Tatar in 2017 contemplates a few different models including velocity of money (mv=pq), discou... See more

All of the big incumbents will want to keep their users tables proprietary in the beginning, because that's their moat and it gives them the network effects and lock-in that markets and investors reward them for.

Existing matchmaking solutions and social tools embedded in most platforms today are inadequate, and much of Fortnite and Minecraft’s success can be attributed to their ability to become social metaverses that could act as a concert venue or graduation ceremony, bringing people together in unique ways that would otherwise not be possible.

I can say confidently that the extra time we spent slowing down to uncover the necessary truths was ultimately a faster path to a large and successful business.

If Web 1.0 was about information discovery, Web 2.0, now retroactively named web2, was all about people discovery, aka social networking. Web 2.0 became about integrating the internet with our daily lives. The gap between your online and offline selves began to close. More and more of our life would be mediated through the internet, from ordering p... See more

Twitter: 31% 3-month user retention, 22% 24-month (source, source)

Your job is to make ideas come to life. The first step is tocommit. Commit early. Commit often.