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Passive index flows rarely consider price or valuation. And now, the stock market is not where insiders go to raise money, it’s where they go to cash out."

we’re obsessed with new ways of building and governing communities but we’ve done little to integrate those tools with existing ones.

And the movement toward environmentally conscious consumer products means they may be more interested in trying a refillable concentrate model, similar to those from Blueland and other brands, which reduces single-use plastic waste and is more efficient for shipping.

Traditional companies will pay you $5-10 to use their product. Sign up, and you get $10 off your first Uber ride. In web3, the fight for attention is so large that 9-figure incentive programs are the new normal, and 5-figure airdrops to users are not uncommon. Crypto youtube influencers are commanding 5 to 6 figure advertising costs per video. Atte... See more

We use a blanket word for these values: meaning. In a good space, we explore what's meaningful to us—not what's efficacious. Spaces are where you can live expressively, and treat yourself as a source of surprise

Taking a product or service that people have had to pay for and making it free is perhaps the most powerful way to democratize access to it. Robinhood democratizes access to investing by offering a commission-free platform.