sari

For most of human history, the notion of community was tied to a physical location.

However, all of this might be the wrong mental model for thinking about the next step. As well as looking at the sequence ‘mainframe - PC - web - smartphone’, we should probably also think about what was going on underneath: ‘database - client/server - open source - cloud’, perhaps. That is, there are other progressions that are less visible but ju... See more

If you’re building a technology platform, making it “social” really means figuring out what the nodes, edges, and jumping functions should be. One way to do this is to work backwards. What should the experience feel like at scale? Do users care about what other people are doing on the network, or do they really care about other types of objects, li... See more

7. International rule of law is becoming rule of code

The second-greatest accretion of stakeholder value in business, behind Amazon’s entry into healthcare, will be big (and some small) tech firms partnering with a world class university to offer 80% of a traditional four-year degree for 50% of the price.

While many crypto startups have successfully made their users into owners by following the Progressive Decentralization playbook, a number of founding teams feel compelled to step back from their projects at the time of token launch to reduce the risk that their tokens will be deemed securities. An alternative path may allow founders to stay involv... See more

Anecdotally, we have seen a surprisingly consistent pattern in the financial data of AI companies, with gross margins often in the 50-60% range – well below the 60-80%+ benchmark for comparable SaaS businesses. Early-stage private capital can hide these inefficiencies in the short term, especially as some investors push for growth over profitabilit... See more