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“There’s a temptation in our networked age to think that ideas can be developed by email and iChat. That’s crazy. Creativity comes from spontaneous meetings, from random discussions. You run into someone, you ask what they’re doing, you say ‘wow,’ and soon you’re cooking up all sorts of ideas.” - Steve Jobs

-At the end of the season, Coordinape will show how many tokens each person has received. These are then averaged out as a percentage of the available budget.

Instead of pursuing options that cap downside while also capping upside, make bets that have asymmetric pay-offs: If you win, you win big. If not, you’ve gained valuable skills, relationships, and reputational benefits that will carry you over to your next asymmetric bet.

In Paul Graham’s famous essay Cities and Ambition, there’s this idea that some cities are centers for some type of ambition, and when you come to one of those cities, you can feel the message the city is sending to you. For example, the message that you can feel in New York is “You should be richer,” while Berkeley’s is “You should live better,” Pa... See more

Building something of significant value to the student, but shifting the risk away from the student to your company or the current or future employer is the way to build a very large education company. Prenda does this for parents in K12 by serving as a public charter school, Lambda does this for students by deferring tuition until they get a job.