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This point rings true to us. That’s why, as we face growing pressure to censor content published on Substack that to some seems dubious or objectionable, our answer remains the same: we make decisions based on principles not PR, we will defend free expression, and we will stick to our hands-off approach to content moderation. While we have content ... See more

“You couldn’t easily remix these notes, especially if they were originally organized by book…you can’t see all of the questions from all of the authors or all of the quotes that relate to one particular topic” – Conor White-Sullivan

Brandless’ proposition of good products at a great price works if they a sustainable cost. Being an eCommerce company, the CAC is a variable that grows with sales. At $3 per product and a CAC that grows along with the volume of sales, the model looks very different and inferior to ALDI’s. For the whole of 2019, as Brandless’ traffic was unravelling... See more

Here’s a different valuation method to consider. Remove AXS tokens from the equation. If Axie Infinity were a regular video game, how much profit, in USD, would the platform generate? That forecast can be used to approximate the intrinsic value of the company. Since AXS tokens have economic ownership of Axie Infinity’s cash flow, the tokens can be ... See more

Technology for producing and distributing information is useless without some way to locate, filter, organize and summarize it. A new profession of “information managers” will have to combine the skills of computer scientists, librarians, publishers and database experts to help us discover and manage information. These human agents will work with s

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Governance/control -> governance driven by incentivized stakeholders in contrast to the current parties who drive decision making in big tech.