1/ On Real Estate
You invest in real estate - the largest and most tangible asset class in the world.
You don't believe in any of this NFT mumbo jumbo.
What you are just buying a token? The JPG is somewhere else? What are you even buying?
Questions For Managing Up & Sideways25. Do I Know What’s Important To My Boss Right Now?26. What Is My Team Being Paid To Do?27. If The Business Were A Person, Would They Significantly Benefit From My Organization’s Priorities And Efforts?28. What Have I Been Hesitating To Share, Create Or Take Action On?29. What Does The Person On The Other En... See more
While Web2 benefits from network effects in production, Web3 benefits from a mutually reinforcing cycle where greater adoption of the protocol for governance drives greater creation of marketplace infrastructure, which in turn reinforces the adoption of protocol. Once such a loop is set in motion, Web2 companies building market infrastructure withi... See more
This might seem like a good idea on the surface, but it’s not a very sustainable dynamic. For one, it favors investors not gamers. Breeding isn’t a very fun game, but it’s where most of the revenue (and incentive) for Axie players comes from. For another, it builds the in-game economy on a very shaky foundation. Once the flow of new players stops, ... See more
People have too many choices these days. They are tired of constantly having to make decisions, particularly when it takes a major effort to make intelligent decisions-i.e., knowing the difference between all the breathable/waterproof fabrics. For most people, separating the men's styles from the women's is hard enough. The best restaurants in the ... See more
But the tension between thick and thin always remains. Every artist has experienced it. They may have had a lifelong desire to tell the truth, to make art that expresses something important. Yet they have a competing desire to sell their work in the marketplace, to be accepted, to be praised, to get reviews, to stay on top of trends that can change... See more
The people we traditionally consider to be smartest are those best at some sort of a general math / reasoning ability. This is not what genius is. Genius is being extremely good at a couple of things that really matter. genius is having a vision
As such, my thesis is that a fiercely loyal community (more on this below) coupled with effective governance (more on what this means in a follow-up post) should lead to product/market fit emerging organically from within the community.