Prepare for anomalies. Building a startup requires extraordinary adaptability. What seems fixed one day may be fluid the next. To capitalize on volatility, it’s worth preparing a playbook for low-probability, high-impact events. When the next Black Swan hits, your business will be ready.
If history is a guide, the flashiest notions being developed in workshops in these places won’t get far. University campuses are like archaeological digs of innovations that didn’t fulfill their promises. Even though the biggest leap forward of the last few decades, for example — delivering courses online — appears to have lowered costs, the... See more
When a person is not doing his job, there can only be two reasons for it. The person either can't do it or won't do it; he is either not capable or not motivated. To determine which, we can employ a simple mental test: if the person's life depended on doing the work, could he do it?
Token Governance is onerous. It often is subject to voter apathy as underinformed token holders are encouraged to participate in frequent, complex proposals.