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Historically there was no way to separate the “owner” of a digital artwork from someone who just saved a copy to their desktop. Markets can’t operate without clear property rights: Before someone can buy a good, it has to be clear who has the right to sell it, and once someone does buy, you need to be able to transfer ownership from the seller to t... See more

The trouble with exponential growth is that the curve feels flat in the beginning. It isn't; it's still a wonderful exponential curve. But we can't grasp that intuitively, so we underrate exponential growth in its early stages.

Contests can be an effective recruiting method. Few companies seem to have as many talented engineers as Telegram. Part of its success rests on its use of competitions. The company frequently offers prizes for product improvements, hiring the most talented entrants.

In other words, marketplaces are harder to get off the ground, but easier to scale, while e-commerce businesses are easier to get off the ground, but harder to scale.

I’m not sure anyone ever seriously expected Facebook, Google, or eBay to be a buyer of these types of businesses, but they haven’t been. Amazon and Walmart haven’t been active, either. Target has been focused on launching new private-label brands. Nike hasn’t done a DTC roll-up. Shopify, which now powers almost 2 million e-commerce merchants, hasn’... See more

As communities grow, so too does their need for moderation to ensure that content does not become toxic. In communities where moderation is vital, like group therapy, these solutions can augment human moderators and allow services and platforms to scale. AI-based moderation is rarely cost-effective for a platform to build in-house.

Frequently Unanswered Questions .

It’s okay to be discouraged. It’s not okay to quit. To know you want to quit but to plant your feet and keep inching closer until you take the impenetrable fortress you’ve decided to lay siege to in your own life—that’s persistence.

In 2019, vegan milk took up 14% of all dollar sales for retailed milk in the United States, which equates to more than 620 million units sold in just one year. Across the United States, plant-based milk is now purchased by 41% of households.