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Private token sales with long-term vesting schedules: DAOs can raise cash by entering long-term partnerships with investors such as VCs or angel investors exchanging native tokens for a fixed price for cash following a long-term vesting schedule. Similarly, a DAO could raise cash from its community members following similar deals.

The knowledge worker’s productivity stack is increasingly fragmented. The familiar story of all data infrastructure companies, “Your data is everywhere, get easy access to it all in one place with our tool” holds additional weight for Notion. Notion is essentially a highly abstracted no-code tool. It has created a series of highly artistic, unusual... See more

“I think science is very young. I think eventually we will figure out that there is something much much bigger going on and that humans are just a curious little side-effect of a much bigger thing” – Lex Fridman

It’s much easier to build a subscription business that draws on an existing recurring consumer behavior, instead of trying to create a new recurring behavior. As a result, some categories of consumer spend just lend themselves more naturally to a subscription business than others.

YouTube is less surprising than its peers, especially TikTok. While the latter has an almost telepathic capacity for serving you a wide variety of content it thinks you’ll like, YouTube is instead a platform designed for long-term buy-in. Creators are less likely to go viral on a one-off video on YouTube than they are on TikTok, but they’re more li... See more

But there’s a problem Quibi’s approach to doing that job: we don’t do any one thing on our phones for 6-10 minutes straight. Podcasts are great because I can listen while checking my e-mail or scrolling Twitter. Video, on the other hand, commands my full attention. No matter how well-produced the content or who’s in it, I’m switching apps as soon a... See more

Leverage supply-side scale to open out asset-as-a-service to ecosystem partners

It’s happening in newsletters, where Substack gives writers an easy way to try to become the next Ben Thompson. It’s happening in video games, where Epic Games is building the tools and literally giving them away for free to expand the Total Addressable Market. It’s happening in AI, where OpenAI is giving everyone GPT-3 to build on top of.