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It doesn’t seem like Amazon faces any meaningful Web3 threats right now (perhaps AWS in the longer-term). Google search and Microsoft Office may have impregnable walls. Apple is still dominant in hardware first and foremost. YouTube could theoretically incorporate Web3 components, but that seems unlikely as they already split revenue with creators ... See more

Vocabulary is a unique curse. We suffer from every word we know. If you didn’t know the definition of the word “ugly,” nobody could ever hurt you with it.

2. Users’ expectations are extremely high

So when we’re in trouble, we often look for the next big idea that will fix everything. We get excited about big narratives that explain where we are, why we’re struggling, and what we need to do differently in order to fix it. We get hyped to embark upon a bold new chapter—only to realize later that our fortunes haven’t changed that much, the team... See more

Google & Facebook have similarly perfected this balance between harvesting data, content & attention from us in exchange for a little convenience, distribution & dopamine to keep us plugged in.

The leading nursing home operator in the United States is Genesis Healthcare with nearly 400 facilities and is also a provider of a number of ancillary services (more on that shortly). In 2019, revenues were $4.6 billion and after a handful of years of significant operating losses ($1.8 billion cumulatively for four prior years), pretax income was ... See more