sari

Subscriptions are unbelievable. You have recurring revenue that, ideally, compounds month after month. Nothing else matters because you have growing subscriptions. And then it stops. Suddenly, you report a loss in subscribers. And panic ensues. Suddenly, you ask: should I have been so anti-ad all these years?

If kids are reading this, depending on who you are, college is probably still worthwhile right now, but 5 years from now, I expect things will be quite different. Peter Thiel has run a really interesting experiment with his Thiel Fellows program whose graduates (including Ethereum founder Vitalik Buterin) have done far better than university propon... See more

2. Consumers can *invest by consuming* and profit from increasing demand for their favorite products/services

You are always internalizing the culture around you. Even when you wish you didn’t. So you better surround yourself with something you want inside—curate a culture.

I regret that second step: I want to believe that companies that produce truly great content will have negotiating power with Aggregators, because customers will want what they have to sell. And, in very limited cases, that may be true. Anything beyond the very best of the best, though, risks a Wirecutter-type fate: yes, the investment in content p... See more