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If ultrafast delivery services flame out, it will most likely be because despite their popularity and value proposition, they cannot make the unit economics sustainable. What will happen instead is that existing players in grocery will leverage their existing infrastructure of stores and warehouses or acquiring an ultrafast player at a discount to... See more

There is a generational shift in values and trade-offs: people would rather work together with greater latency than work faster alone.

My hope is that in our current paradigm where capital is abundant and people pay millions of dollars for JPEGs of rocks, social value - as measured by the impact our actions have within a larger system - will displace monetary value as the primary pursuit of economic actors

"Sell yourself, and your subject will exert its own appeal. Believe in your own identity and your own opinions. Writing is an act of ego, and you might as well admit it. Use its energy to keep yourself going."

Let’s talk about advertising. First, it’s helpful to distinguish two types of advertising: direct response and brand advertising. Direct response is advertising where the user has already indicated some purchasing intent that the ad simply tries to satisfy. You have a lawnmower shop in Newark and are looking for new customers; a person in Newark... See more

Slow growth or no growth means the profits have to come from our being more efficient every year. Unlike the government, we cannot rely on an expanding economy to “burn the fat away." It's easier for a company to make a profit when it's growing at 10 percent or 15 percent a year. We have been profitable in years when we grew only a few percent by... See more

...it was decided early on that there could be only one version of each article presented at any single time. Participants had to work toward a single common article entry. Differng parallel versions of an articple would serve no one well - it would simply be too easy for factions to go off their own biased corners.