“If you can get your work life to where you enjoy half of it, that is amazing. Very few people ever achieve that.” - Bezos

Through his writing, David has been able to meet some remarkable people, including Patrick Collison of Stripe

10. Revenue multiples are for SaaS companies. Consumer brands are valued on EBITDA multiples.

-Identity verification (Onfido, Checkr): solutions to verify the identity of a person or a business before creating an account or processing a transaction.

On the importance of a focused ICP: "We allowed our ICP to fray, replaced by a focus on a competitor. In our fight to prove that we could win against Alteryx, we over-rotated on any customer that might be interested in switching or considering alternatives. While being responsive to customers sounds good, being responsive to any customer creates a ... See more

It's important to understand why even the most grandiose promises are "investable" at this stage (if inadvisable under US securities law). Tokens are issued on a blockchain, which creates, at minimum, the conditions for exchange, ownership and participation, as well as more advanced rules like scarcity of supply, consensus, reward mechanisms, and f... See more

Cruise lines are likely toast, though. Not only are they a common source of mini-epidemics, but they’re a politically un-sympathetic group. Their customers and investors are disproportionately American, but their crews don’t get US minimum wage or occupational safety standards, and cruise operators don’t really pay taxes. All this was true before; ... See more

Of course, software can only take you so far. I still don’t write down most of the thoughts that I have, even on subjects I have written multiple columns about. Nor do I try to disstill these thoughts into sharp-edged little maxims the way Matuschak does in his own note-taking practice. He says he spends two hours a day refining notes he has previo... See more

PAYG’s defining characteristic is the alignment of cost and value. PAYG companies charge customers for only what they use, which means customers pay for only what they need. In favorable market conditions, this can be a boon, as PAYG companies are set up to quickly capture increases in activity. This alignment is more worrisome in a down market bec... See more