Memes are essentially just patterns we imitate to achieve some desired effect. For example, in fifth grade I learned to play guitar because I thought it would make me cool. In college I smoked clove cigarettes and conspicuously read Heidegger. Today I write blog posts about business strategy and wear a recreational continuous glucose monitor.
While some of Pinduoduo’s incredible growth could be attributed to WeChat, one of the biggest shifts in Chinese consumer behavior has been from the “search, pay, and leave” model of traditional ecommerce to social commerce. That wasn’t just WeChat. Much of PDD’s recent success has been due to its game-like mechanics.
...new approaches to climate-related insurance lines (flood, wildfire, etc.), re-location away from vulnerable areas, and sustainable building techniques and materials (even deconstruction).
Why can’t a traditional bank do this themselves? 1) They don’t understand how to underwrite using tech industry metrics (ACVs, churn, LTV, engagement, et al.), and 2) they don’t have the tech DNA to underwrite programmatically, which Sand Hill Sachs will have. This may be a new company, an existing fintech player with distribution in tech, a VC fir... See more