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Facebook has on the order of 10,000 designers and engineers working on AR/VR. They are making a massive investment, and it appears to be working. The only other plausible contender right now is Apple. There are rumors they have a serious effort, but they are ultra secretive so we don’t really know. Google and Amazon don’t seem to be investing in AR... See more

One of the things about the Valley that I find outsiders miss the most is that it feels like it's all moving so fast, and yet, any of the important companies or any of the important products take a decade or more to build. Everything important takes a long time, so a lot of it actually feels quite slow. Long-term orientation is absolutely necessary... See more

If NFTs are liquid IP, then holders will eventually own the property’s cash flows. This fact makes non-fungible tokens a financial asset class.

As social networks like Twitter, Facebook, and Instagram grow larger, they skew disproportionately toward supernodes—celebrity, meme and business accounts.

That ties into Twitter’s third big problem: the number of people who actually want to experience the Internet this way is relatively small. There is a reason that Twitter’s userbase is only a fraction of Instagram’s, and it’s not a lack of awareness; the reality is that most people are visual, and Twitter is textual. Which, of course, is exactly wh... See more

Successful communities have seven key elements: