Increasingly, traditional corporations have “orbital stakeholders,” or participants that blur the line between internal and external members of the organization. Consider Apple and the developers that create App Store Apps, YouTube and creators, or Uber and their drivers — participants are contributing to companies’ bottom lines from the outside, b... See more
Low differentiation, high durability. Entire categories (CPG, automotive, consumer electronics, pet care, alcohol, entertainment, travel, beauty, fashion, music, sports, toys and game) are made of brands that are very similar to each other, but that have staying power.
Not unlike the first stages of product development, the early phases of building community are highly collaborative, require iteration, and involve some upfront, hands-on work. With community, you have to prepare to be in the trenches with folks – learning about people and their interests, answering questions, and seeing where there’s a fit between... See more
Without a specific idea of the good to build towards, the financial interests of large tokenholders have become over-represented in protocol governance. In our view, this constitutes a centralization risk.
You get the point: It is no longer about search. Once you have done the hard technical task of building a search engine, you need to make it great in a region big enough to be interesting to partners, ideally world-wide. Then you will probably need to develop a browser, and ultimately even an operating system. Competition takes place outside of wha... See more
Seven years later, cannabidiol is everywhere. We are bombarded by a dizzying variety of CBD-infused products: beers, gummies, chocolates and marshmallows; lotions to rub on aching joints; oils to swallow; vaginal suppositories for “soothing,” in one company’s words, “the area that needs it most.” CVS and Walgreens each recently announced plans to s... See more
Others say that sure, most of the stuff in the news isn’t of use, but occasionally you’ll come across some story that will lead you to actually change what you’ve been working on. But really, how plausible is this? Most people’s major life changes don’t come from reading an article in the newspaper; they come from reading longer-form essays or thou... See more