sari

Man is the creature who does not know what to desire, and he turns to others in order to make up his mind. We desire what others desire because we imitate their desires

I keep hearing a voice in my head that says, “The second half of your life doesn’t have to look anything like the first half of your life. The first half was bound; the second half is free.” Free, free, ever more free. Free from my own distorted thinking, free from any lingering shame and fear and resentments, free from expectations. This what I

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The core lesson is that the best and most disruptive companies go "from zero to one," from non-existence to existence, from no solution to solution, from nothing expected to something expected. Most companies, though, go from 1 to 1.1, or 1.1 to 1.11, they don't make a huge disruptive change. To have a lasting impact, you must find a zero and... See more

Rather than starting with a focus on investing, we foresee more DAOs starting first as ‘service DAOs’ — organizations that aggregate high-quality practitioners under one community to provide services to third parties (engineering, audit, design, legal, research, treasury management, etc.) in exchange for project ownership.

once you’ve got product-market fit with a rinse and repeatable growth strategy, spend is going to shift toward S&M away from R&D and raising equity to plug the CAC to payback gap in cash flow seems like an incredibly expensive way of achieving this when alternatives like Pipe exist. I think VCs that invested at the earlier stages are very aligned... See more

This model may work when major network or scale effects are at play. These are powerful forces that blunt competition and protect margins. Think Google, Facebook and Uber.

After months of incredible growth, the daily earnings of the typical player of Axie Infinity (a "scholar" in the Philippines) have fallen below the Philippines' minimum wage line for all but the high ranking players, and even they have seen earnings decline since August