sari

-This is part of what makes early internet innovation so rapid- it was built on open protocols that devs knew wouldnt change

I see this as the delineation between IRL Clubs 1.0 and IRL Clubs 2.0. In order to be venture backable, the new generation will have to take advantage of the points discussed in 1-4 and leverage its technology, community, and brand to scale beyond its four walls.

What Sam looks for in founders: breadcrumbs from their past that hint at their trajectory, outsiders with a unique insight, unusually strong in one area, cognizant of their weaknesses, understand where they need to focus right now, have a way to inspire and bring people together

I've seen hundreds of pitches in the consumer and new media space in my life. Often, many of the pitches are centrally focused around things like an emerging technology or a new financial model. I am not here to argue against the value of building these ways. I do think it's more productive to approach building products from a storytelling first... See more

What if, instead of relying on an fallible centralized authority to assure us of who has what, we rely on distributed authority that isn’t controlled by a single party? What if our money has value, not because we trust the power of a government to back it, but because we trust the power of math?

So to improve your user experience, you need to understand the biases & heuristics affecting those four decision-cycle steps.