The fate of the urban environment itself, along with the restaurants and retail that it comprises, will depend upon government interventions at every scale. Without sufficient aid to individuals and small businesses (and even with that aid, to a lesser degree), widespread closures will create a void in commercial real estate demand. Urban... See more
If I wake up and touch my phone, I’ve already lost hours. Not because I’m browsing social media for hours, but because the mind has already been agitated, made unquiet, and the context switch back into thoughtfulness can take the whole morning. In other words, the addict part of my brain takes over and contaminates my ability to be contemplative. I... See more
As a consumer technology, cryptocurrencies are a hot mess. They’re extremely difficult to purchase, the networks are slow, the transaction fees are high, the community is full of trolls, hackers, and scammers, it’s far too easy to lose your funds or have them stolen, and even if you win the battle to secure your funds or use a custodial service... See more
I sometimes think that investors do not appreciate how large and rapidly growing the e-commerce businesses at some of these category leading retailers are. Wal-Mart’s digital revenue in Q2 was an annualized $42 billion, growing 94% — faster than Amazon. Best Buy’s digital revenue in Q2 was an annualized $19.4 billion, growing 242% — faster than... See more
Some problems are best solved orthogonally. How do you build a fair on-demand pay company? Clair decided to start by building a digital banking platform. Although Clair is not a bank, this unorthodox choice has proven savvy. The company monetizes by adding value, not extracting it.