How marketplaces (generally) win:
1. Deliver a much more convenient experience
2. Deliver a significantly cheaper product
3. Unlock desirable supply and then build a market around it
How do you know when to break into a conversation in a virtual meeting without interrupting someone else? How do you re-construct the aimless but essential conversations that happen during a Friday casual demo hour with food? The esprit de corps of a well-constructed all hands that fires everyone up? And I’ve never seen anyone conduct a productive... See more
Taste is not the same as correctness, though. To do something correctly is not necessarily to do it tastefully. For most things, correctness is good enough, so we skate by on that as the default. And there are many correct paths to take. You’ll be able to cook a yummy meal, enjoy the movie, build a useable product, don a shirt that fits. But taste... See more
Yet a college graduate in 2000 paid $50K for her four-year degree at a public university; today, she has to shell out $100K (and $170K if she’s out-of-state).
A sense of autonomy has a powerful effect on individual performance and attitude. According to a cluster of recent behavioral science studies, autonomous motivation promotes greater conceptual understanding, better grades, enhanced persistence at school and in sporting activities, higher productivity, less burnout, and greater levels of... See more
While big funds need to have sharp elbows -- they need to prove to founders that their money is better than their rivals’ -- solo GPs can pull together Liquid Super Teams of other solo GPs who, together, would give the company a better chance of success. Companies like Party Round will make this even easier and more common.
It’s deeply poignant that we should expend so much effort on trying to look strong before the world when, all the while, it’s really only ever the revelation of the somewhat embarrassing, sad, melancholy, and anxious bits of us that renders us endearing to others and transforms strangers into friends.