Attention is a scarce commodity. Bezos told Higgins that attention was “the scarce commodity of the late 20th century.” It’s still the scarce commodity today, so his advice stands: “One of the ways that you can do that [capture attention] and it’s the way that we did it is by doing something new and innovative for the first time that actually has r... See more
But why is that relevant? Isn’t investing about about the future, not the past? Sure it is, but that future cash flow stream is unknown and Rivian investors today are behaving as if it’s money in the bank, as if the future’s already happened.
i think the most promising thing about web 3 is the itemization of data and content, how different it is from what we're used to today, and why it's important for creators
💩 Repeatable processes are undiscoverable. Since there are no required (or even desired) attributes and relations, there is nothing to nudge folks into a predictable workflow. You have to explain each newcomer that “we decompose Epic into Stories, estimate these Stories, and plan into Sprints” — a flat network cannot guide them.
We all get a unique window of time on this planet and the events that we see are somewhat random. The person who lived the core of their adult life from 1920-1960 saw a very different view of the world than the person who lived that life from 1940-1980 or 1980-2020. Entirely different types of people would have thrived in those windows, and someone... See more
Old world reputation: “How would you feel if your action was to be front page of the NYT tomorrow?” (Buffett’s newspaper test)
New world reputation: “How would you feel if your action was to be revealed on-chain tomorrow?” (Because it will be eventually…)