sari
- In a multi-pronged competition with Amazon, Shopify has to shed its DNA as a technology company and become a consumer company. Impressively, Shopify did another shift well enough - from being a tech company to an infrastructure company. It's preparing for the next orbital shift - moving from being an infrastructure company to a consumer company.
from Insights on the global eCommerce & DTC businesses by Ashwin Ramasamy
- More fundamentally, though, for both music and books, most of the arguments and questions are music industry questions and book industry questions, not tech or software questions. Spotify is suing Apple over the App Store commission rules, but otherwise, all the Spotify questions are music questions. Why don’t artists make more from streaming? Ask ... See more
from Outgrowing Software by Benedict Evans
- And you’ll have a semantic mental ‘framework’ in your brain on which to then hang all the great things you learn from your reading, which makes it more likely that you’ll retain that stuff as well. I read somewhere that Bill Gates structures his famous “reading weeks” around an outline of important questions he’s thought about and broken down into ... See more
from How To Understand Things by Nabeel Qureshi
- Now imagine the impact open source could have if people weren’t just incentivized by status or high-paying jobs, but also by value creation via tokens.
from The two biggest critiques of web3, analyzed by Nathan Baschez
- if everything becomes a DAO then every interaction will be a vote or decision, how do we scale decision making fatigue and voter apathy?
- I was at Amzn early '00s when we lost 95% of our market cap. Later at FB I negotiated a down-round in '09, and then in '12 our stock dropped 50% post-IPO. I was on the board of a public company that went bankrupt (Borders) and a start-up that went under (Hello). Some lessons:
- There were 5 unicorns in total; The Personal Care & Cosmetics category had the most unicorns with 3.
from To Invest or Not to Invest: The VC Question about Digital Brands by Aubrie Pagano
- Life got way chiller once I stopped conceptualizing it as some grand story and instead as just a participant in the cosmic chaos just tryna have a good time