With a good reason: the aesthetic world and the narrative that curation creates is much harder to replicate than a brand’s visual handwriting and a tone of voice. For Acne Studios, a curatorial point of view lives as a store experience; a carefully chosen influencers and friends of the brand and what architects and interior designers the brand... See more
My belief is that true early stage venture capital (investing in companies that are raising at pre-money valuations between roughly $5M and $30M) is executed best when fund sizes are kept to reasonable levels. You should invest as early as you have conviction and as frequently as you can thereafter to build positions in companies over time.... See more
Then there's the supper club model, which a group called DinnerDAO is currently testing out in cities like New York, Los Angeles, and Portland. Members purchase an NFT, and the proceeds are pooled into a treasury that pays for an eight-person group dinner. Anyone can buy-in, and everyone receives an equal vote in deciding which local restaurant the... See more
Common needs represent large markets, but the needs are largely met, and competition between solutions is fierce. Long-tail needs are often unmet and come with much less competition, but individually represent markets too small to justify the expense of development.
Limited supply: Wordle’s single puzzle a day is refreshing. It feels low commitment, and you get a sense of accomplishment from “completing” a defined task. You also can’t binge and get bored of the format or burn out from overexposure in a short period of time.
Today, every single staff member, from the dishwasher to the line cook, can interpret and speak to the restaurant’s entire profit-and-loss statement because, for two years now, Mei Mei has been opening its books to its staff... Most operators aim to see COGS and direct labor together at 60 percent (at Mei Mei they target 20 percent and 40 percent,... See more
Governance tokens represent percentage ownership over voting rights. It’s difficult for most community members to keep up with the latest developments for specific protocols, so most protocols allow token holders to delegate their votes to trusted representatives.