#1: Visibility of system status The design should always keep users informed about what is going on, through appropriate feedback within a reasonable amount of time.
by replicating and storing user data across an open and decentralized network rather than individual applications controlling access to disparate silos of information, we reduce the barriers to entry for new players and create a more vibrant and competitive ecosystem of products and services on top.
The fund is unique not only for its size, but for its term as well. Whereas most venture funds have a 5-10 year time horizon, the Vision Fund has a 12 year time horizon with a two year extension.
Sufficient effort is the goal of the industrial capitalist. Capture the most value with the least work. Build a house that doesn’t fall down, with components that last exactly long enough to avoid a claim. Explain that due to unusually call volume…And then, perhaps, there’s a third option.
Most people don’t want their information mediated by bloated, monopolistic, surveilling tech companies, but they also don’t want to go all the way back to a time before them. What we really want is something in between. The evolution of Google Search is unsettling because it seems to suggest that, on the internet we’ve built, there’s very little ro... See more