Amazon demonstrates that platforms don’t have to be asset-light, they just have to be strategic about asset ownership. Amazon increases asset ownership were such assets increase ecosystem dependance, and opens itself at other parts of the value chain where it needs third parties to bring in niche capabilities to complement its own.
You should also try to add proprietary value of your own, lest either your suppliers or your customers encroach and disintermediate you. A sufficiently large transformation of your source data is tantamount to creating a new data product of your own.
At present, we seem to be suffering from a widespread failure of literary imagination. We have become worse at imagining the experiences of other people, less inclined to credit these experiences as being as valid and real as our own. Why is this? In part, I think, because of the methods by, and pace at which, we acquire our stories. After all, eve... See more
We are in the earliest innings in this space, but I’m now more bullish on crypto than ever before because it is both an inflationary hedge and a way to empower new forms of ownership in a world that is trending towards everything becoming an investible asset.