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With more flexible blockchains or state machines, such as Ethereum, we are able to build economies directly into it. This is the great unbundling of money.

Snapchat still has an exclusive network of hard to reach consumers in the largest ad markets. This network of users also provides a unique image recognition data set that can be leveraged for ad targeting.

The toughest job for any creative is the cold start. The blinking cursor on the blank page in a new document. Granted, writing a tweet, or even shooting an Instagram photo, isn't like composing the great American novel. But we tend to underrate the extent to which new users often churn without having ever posted anything to a social network because... See more

Podcasts are another example. There, meaning isn’t just expressed through language, but also through intonation and interaction. Podcasts are where a bad joke can still be followed by a self-aware and self-deprecating save. It’s a more forgiving space for communication than the internet at large.

Steve didn’t like Complexity in his working relationships any more than he liked extra buttons on his iPod.

At one point, Yahoo had 183 links on their home page. Google, which had two, ultimately grabbed all of their search traffic.