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If you are in e-commerce and want to understand how ad based customer acquisition is changing, today's @Stratechery interview with @eric_seufert about the Post ATT world is a must read. Don't miss @benthompson suggestion that Facebook just buy Shopify - it's a deep insight 1/n

It’s very powerful to write a master plan for your company. It doesn’t have to be right but it establishes what your here to do and how you’re going to do it. Check out Elon Musk’s Master Plan for Tesla

But today, because material goods have become a noisier signal of one’s social position and economic resources, the affluent have decoupled social status from goods, and re-attached it to beliefs.

Steve Jobs calling to build Apple "slowly and carefully" Powerful to see that led to a 3 trillion dollar company https://t.co/IoonjIAdDf

The fundamental disruption of the Internet has been to turn this dynamic on its head. First, the Internet has made distribution (of digital goods) free, neutralizing the advantage that pre-Internet distributors leveraged to integrate with suppliers. Secondly, the Internet has made transaction costs zero, making it viable for a distributor to integr... See more

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