sari

Compared to the Cambrian explosion of “money legos” that has grown DeFi from $7B to $90B in the past year, the ecosystem of “organisation legos” is still in its infancy.

“Compared with music all communication by words is shameless; words dilute and brutalise; words depersonalise; words make the uncommon common.”

But the most important moat is the bus routes. These routes are extremely defensible. Each student only needs to be picked up and dropped off by one school bus. And even more importantly, each route is only serviced by one bus.

Because SoftBank is so nakedly ambitious and takes such big swings, it’s extremely polarizing. Most recently, SoftBank’s Vision Fund went from “This is going to change the world” to “They’re ruining venture capital” to “See! This guy is an idiot” in the blink of an eye. As a result, there’s not a lot of nuance in the conversation around the company... See more

- Intrinsic - goals such as creative fulfillment, a belief in the project, the sense of community obligation, the opportunity to enhance one's reputation in the community.

Why do great products seldom endure? For example, why does Spotify seem to get worse every year? It's mostly down to incentives. Companies with a lot of funding and resources hire a lot of product managers who each want to stamp their mark on the product. But every feature… Show more

Additionally, the company’s ongoing focus on the needs and shifting demands of its community — the aforementioned factors driving a high Reassurance Multiple — led them to invest well in advance of the pandemic in relationships with leading digital companies like Mirror (US - investment) and Keep (China - partnership) that have paved the way for th... See more