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Classpass attempts to match consumers with open spots in fitness classes. The scarcest resource in this marketplace is the availability of open spots, not the availability of demand. Since supply is much more valuable than demand, it becomes easy to charge demand for access.

the best way to improve capitalism is to enable everyone to benefit from it directly as an equity owner.

As Sky Mavis’s revolutionary rhetoric began to look increasingly hollow, the company shifted its story. In December it quietly altered its mission statement, deleting the phrase “play-to-earn” and replacing it with the mushier “play-and-earn.” 

The thing that no one ever tells you about your calling is that it’s boring. Oh, everything is interesting if you’re interested… shut up. Yes, it will be exhilarating and fun and fluid and and natural and meaningful. It will also be tedious. It will hurt. You will encounter obstacle after obstacle until you feel like you’re in a video game with alg... See more

Our tastes are ever more niche. We gravitate towards communities and brands, or both, that cater to our niche tastes. Tracksmith, Telfar, Crown Affair or FatherFoods are some of the examples. In this micro-taste communities’ landscape, mass fashion brands come across as too generic and superficial. The winning growth strategy instead is to go deep ... See more