sari

Because these companies are being built from the ground up, there’s disruptive potential against the larger incumbent insurers, who have optimized themselves around fee for service. These incumbents may not properly prioritize customer experience, since their success to-date has arisen from an adversarial relationship with providers that actually c... See more

While platforms and marketplaces vertically unbundled production from distribution and encouraged distributed and decentralised production, the ability to horizontally bundle market infrastructure and governance enabled them to centralize governance and rewards.

For a long time I felt somewhat unique in this regard, but COVID has made my longstanding reality the norm for many more people. Their physical world is defined by their family and hometown, which no longer needs to be near their work, which is entirely online; everything from friends to entertainment has followed the same path.

34. Your house, containing everything you own, catches fire. After saving your loved ones and pets, you have time to safely make a final dash to save any one item. What would it be? Why?

“I think of Patrick as an idea archivist. So often, we’re looking for the next new thing. What I’ve learned from Patrick, is that there’s a lot of virtue to going back in time and looking at the ideas that have been forgotten.” – David Perell

DAOs work best when the governance burden related to curation, security, and risk can be reduced faster than the natural increase in coordination costs that accompanies the need to have members involved in voting on every decision made.