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"The perfect target market for a startup is a small group of particular people concentrated together and served by few or no competitors."

“Radical transparency in blockchain could forever change the economics of a restaurant,” said Joey Rubin, owner of Parade, an experiential culinary agency, and resident FWB LA social chair. “If you can unfuck the finances of this stuff, you can have a real conversation about the reasons restaurants came to exist and how they were born.”

The Washington Post may like to gravely intone Democracy Dies in Darkness (particularly when they’re trying to upsell you on a subscription), but our democracy was actually birthed in a journalism culture closer to Twitter and Substack than anything the WaPo has put out for sixty years.

An “aggregator” is a company which aggregates demand in a vertical and has three key features: 1) it has a direct relationship with its customers, 2) it has effectively zero marginal costs for serving users and 3) its costs to acquire customers fall over time. Level 1 aggregators acquire supply (Netflix). Level 2 aggregators don’t own their supply ... See more

As a single entrepreneur I had a philosophy of, “ I live to work ” – nothing was more exciting or important than my job. Now with kids it had become, “ I work to live .” I still loved what I did as an entrepreneur but I wasn’t working only for the sheer joy of it, I was also working to provide for my family and a longer term goal of retir

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