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All buyers will likely all pay less than they were willing to pay, which makes ‘em feel like they got a good deal.

Wei and Kim aren’t the first founders to see a business opportunity in the gap between traditional institutions and a rising class of new digital entrepreneurs. Brex, the startup that offers charge cards for other startups, got started in 2017, after its cofounders saw how people who couldn’t get business credit were paying for startup expenses on... See more

Will the future bring algorithms that have the capacity for internal evolution? They need to expand on flexibility, this is what makes traditional contracts so powerful

At the heart of the story of how the internet broke the media business model is the simple fact that the internet was not built to facilitate the flow of money. Payments weren’t built into the internet’s infrastructure—it was considered too risky. Marc Andreessen called this “the original sin of the internet.”

Forcing that kind of behavior change is big - getting someone to use telemedicine the first time is difficult, but then repeat usage probably increases once they see how convenient it is (don’t have data to back this up, just a hunch). We’ve already seen huge spikes in usage of Chinese telemedicine platforms + willingness to try more digital tools... See more

Support forums can also be instrumental for helping users get their product questions answered, so they can get up to speed and discover value sooner. With community members volunteering knowledge and answers, there’s less overhead on the company.