When creating a pay-for-performance scheme, the most important design element is the choice of performance metric. A well-chosen performance metric can align the incentives of contributors with the goals of the platform, while a poorly chosen metric can be ineffective at best and encourage destructive behavior at worst.
These parts are put together in a specific way, in a specific order, by dozens of different workers. Assembly tasks are highly interdependent, and each step of the process depends on the previous steps being completed successfully - install the insulation wrong, and you’ll delay the installation of the drywall, which pushes back trim, which pushes ... See more
Meditative thought, on the other hand, is patient thought. It is not the same thing as meditation. Meditative thought is simply slow, nonproductive thought. It’s not reactionary. It’s the kind of thought that, upon hearing news or experiencing something surprising, doesn’t immediately look for solutions. Instead, it asks a series of questions that ... See more
When using my cellphone, I tend to become a passive consumer of the internet.
When using my laptop, I become an active creator of it.
The difference is the input mechanisms. The friction and inefficiency of typing on a mobile device is high enough to discourage most production.
Big announcement!
Team @microacquire and @AngelList are partnering up to make raising capital easy for startup acquisitions.
1. Create an SPV
2. Raise from investors
3. MicroAcquire startups
Another game changer for M&A.
For the love of startups! 🤘