sari

So: reputation markets are inefficient, which means we need to find ways to incentivize social capital investing. What could an AngelList for social capital investing look like? P2P credentialing could be one approach.

This is a textbook example of the power of platforms; consider an operating system like Windows: any number of applications can run on any number of computers thanks to there being an abstraction layer in the middle:

First, let’s talk what economic growth does and doesn’t mean. It doesn’t mean “growth in resource use”. What it means is growth in the market value of the things an economy produces — in other words, growth in GDP.

The notion of the “organization man”—a term popularized by William H. Whyte’s seminal 1956 book that describes the subsuming of individual agency in service of a large corporation—is giving way to the rise of “micro-entrepreneurs,” or free agents, creators, freelancers, and independent workers who utilize digital platforms to make a living by... See more

But perhaps Jones’ most difficult challenge will be maintaining that scrupulously selective admittance policy when institutional and retail investors — many of whom would presumably never qualify for a Soho House membership of their own — begin clamoring for price gains... It’s pretty easy for the director of membership to tell Nick, ‘There’s... See more