sari

For years after the price of long-distance phone calls collapsed in the United States, my older relatives would still announce that a call was “long distance.” Such calls had previously been special, because they were expensive; it took people years to understand that cheap long-distance calls removed the rationale for regarding them as inherently... See more

It’s increasingly difficult for brands to earn media. A growing number of them are reporting on the compounding effects of a loss of revenue due to decreased affiliate sales. This will force more brands to redirect resources to other forms of creative marketing.

The meme economy has quickly become a reality, with the creators of the internet’s most iconic memes auctioning NFTs for hundreds of thousands, if not millions of dollars: Doge — $4 million, Disaster Girl — $570,000, Nyan Cat — $515,000.

For those who want more risk than public equity markets provide, a long tail of speculative assets are exploding – digital collectibles, DeFi, Bitcoin. Bitcoin grew more than 5x YoY. Collectibles like NBA Top Shot did $60m in sales in a week. DeFi (decentralized finance), the infrastructure powering the casino of crypto, had a $40b influx in the... See more

Important context: With $100 million supposedly raised pre-launch, Luminary wasn’t just launching as a bootstrapped project, or a new business from an established player. It needed real traction from a cold start, quickly — and needs sustained adoption on a mass level — to justify its costly experiment.

Resourcefulness is steady, patient, problem-solving persistence. A seemingly infinite capacity for a kind of trial-and-error that non-resourceful people would find impossibly draining and exhausting.