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While musicians faced an existential crisis during a pandemic, Spotify CEO Daniel Ek’s ownership stake in Spotify climbed to be worth over $4 billion. In order to earn $4 billion, a musician earning the median wage of $25,000 would have to work for 160,000 years – in other words, they’d have to have started working before human history began.

Many concepts that sound good on paper are infeasible to implement, or simply don’t produce the expected results. It’s frustrating when that happens, of course, but the pace of experimentation and learning at a startup is unparalleled. I think this is an especially important form of rigor for theorycels like me. Building product forces a different ... See more

It all became too much, too fast. To quote a dear friend of mine, human beings simply aren’t equipped with the necessary bandwidth to process the explosion of information that our world has normalized.

Under quarantine, people have rushed to build their own backyard gardens.

The internet saves movie theaters. Maybe a streaming service buys one of the chains as a perk for subscribers. Or maybe the chains stay independent and rent themselves out as virtual conference centers.

Slack made the opposite trade. They gave up some speed, but they’ve built in network effects and switching costs.