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The music livestreaming economy undeniably favors independent artists — but it’s really challenging to make a sustainable living from livestreaming, with a power law that still sees the top 1% commanding the majority of revenue.

Repeated: If something’s repeated, delete it

The Macintosh OS was a revolution. Without the command line interface, you either talked to the computer with your mouse, or not at all. The market for people using computers suddenly became exponentially larger, because the interface was more accessible to a less technical audience.

The base layer of a new world needs to be ready before you can start building cities on it.

My conclusion after observing and participating in this over roughly 20 years is that it’s not a problem with the people but a problem with the model. The core issue is there is a fundamental misalignment between the needs of a corporation and the needs of a network.

In a worst-case scenario, retail vacancies will be filled by more corporate chain retailers and even companies like Amazon, who have the cash to buy these distressed assets at a discount or assume their leases.

The more choices someone makes in a work’s creation, the more likely it is to be viewed as making art.

PayPal is rumored to be in advanced discussions to acquire Pinterest, the social media platform constructed around image sharing, at a price of $45BN. If the deal is consummated, it will be the highest-priced consumer internet acquisition of the last decade.