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The internet has reduced the opportunity costs involved in launching retail concepts, of every size. Overlay that with prevailing attitudes of many Millennials to make a job, rather than take a job, and you have the makings of many new startups. Add some crowdfunding and the power of influencer marketing to take a product from obscurity to ubiquity... See more

Independent research confirms that large CPG grew 1.1% from 2013-17, while upstart brands grew almost 4x faster in the same time period. The contraction has caused these firms to jettison shrinking legacy brands like Lipton, Chiclets, and more. They are recycling that cash to buy smaller companies (e.g. RxBar to NYSE:K for $600m) to replace the gro... See more

The third consequence is conformity. Writers are now expected to write as a representative of a group, in order to affirm the self-esteem of the group. Predictability is the point.

The practical consequence of solving this problem is that Bitcoin gives us, for the first time, a way for one Internet user to transfer a unique piece of digital property to another Internet user, such that the transfer is guaranteed to be safe and secure, everyone knows that the transfer has taken place, and nobody can challenge the legitimacy of ... See more

We’ll have to answer two key questions. First, at what point does human agency give way to financial obligation? And second, at what point does a relationship become a transaction? There’s a fine line between investment and speculation, and between speculation and gambling. What happens when someone loses money on $ALEX or $SWIFT? Financializing li... See more

But killing off links is a strategy. It may be presented as a cost-saving measure, or as a way of reducing the sharing of untrusted links. But it is a strategy, designed to keep people from the open web, the place where they can control how, and whether, someone makes money off of an audience. The web is where we can make sites that don’t abuse dat... See more