sari

Don’t be afraid to ask a question that may sound stupid, because 99 percent of the time everyone else is thinking of the same question and is too embarrassed to ask it.

The bottom 50 percent of the population in the U.S. owns less than 2 percent of total wealth. It used to be 3 or 4 percent 20 years ago; now it’s less than 2 percent. It’s always been very small, in any case, but it’s not going in the right direction. This has all sorts of bad consequences in terms of how you can plan your own life.

Matt Clifford: The internet prizes showing, not telling, whether via a GitHub profile, YouTube channel, a Substack newsletter, or even a timestamped tweet that makes a prediction. Don’t tell me you’re an expert, show me.

It was a mistake to let Twitter set up the incentives for our society. It's not good for the world when the one thing every prominent person knows how to do is fight each other on Twitter for likes and followers. It has converted society into a zero-sum status game played by elites with real consequences.

I suspect we shall see debt used increasingly in venture-backed businesses. My hope is that operators will constrain its use to areas where debt is a more natural fit. Personally, I’m not there yet on its application to SaaS revenue.

Advertising spend is down, non-essential affiliate marketing is on life support, subscription strategies are nascent, and direct-to-consumer commerce is a rarity. Media is being forced to evolve, once more. And so are brands.