So you have to be careful and you have to be very attentive about how you build your company and how you add different product lines over time. And make sure the incentives align, not only for you as a business but also for your users. And I think we've kind of seen sort of at Facebook, if you look at their user growth in the US, which is where mos... See more
I both agree and disagree with Zuckerberg; on one hand, I think he is absolutely correct that using “the real world” to only apply to the physical world is a mistake. Think back to those communities I described above that provide so much meaning to my life: those are almost completely online, but the sense of belonging is very real to me. Or think ... See more
“We wanted to create a frictionless environment with Spearhead to enable founders on the ground to fund the most interesting people and projects they know of at the very early stage” – Brian Norgard
A kind person will help you understand reality as it is, prompt you to reflect, and nudge you to fine-tune your position till you get to a place where your resolution is helpful for you. A nice person will tell you what feels good - and often what you think you want to hear at that time - even if it doesn’t help you move past that situation.
The keynote of [Edison’s] work is commercial utility. He asks himself when a new idea is suggested, ‘Will this be valuable from the industrial point of view?
Bitcoin is the first example of an organizational structure that has the beneficial characteristics of the firm (minimizing transaction costs, aggregating capital and mindshare, and providing job security for contributors) combined with some new characteristics:
Once upon a time, $FB was the 5th fastest growing social network, and yet it came out on top. Two things made it possible: User Generated Content (UGC), and Real Identities.