As the implications of this reorganize how people use the Internet, many valuable companies will be created and destroyed. This doesn’t mean companies need to “get into NFTs” by selling digital collectibles or buying them. It means they need to build their companies on a mental model of the Internet that acknowledges all of the second order effects... See more
Rather than hold on to technostalgia for a time when it wasn’t this bad, sometimes it is worth asking what it would take to uninvent social media, so that we can chart a course for the web we want—a web that promotes democracy, knowledge, care, and equity. Otherwise, every unexplained decision by tech companies about access to information potential... See more
The social internet will look a lot like the shopping mall of the 1990s. Is the shopping mall a social hangout or a place to transact? It's both. The social internet will make it natural to pay and play in the same place.
Owning payments allows you to build a winning product. Your customers have different needs, pain points, and goals relating to the flow of money, such as tip pooling for restaurant staff (Toast), paying down business loans with daily card sales (Square), tying payments to rewards (Starbucks), streamlining collections (DocuSign), automating accounti... See more
Girard believes that the way we go about choosing which objects to go after is by imitating those whom we already consider possessing this fullness of being (celebrities, parents, entrepreneurs, etc.)