The process looks meandering a lot of the time. Do I also strive for productivity? Yes, but it is a delicate balance, and I think the pitfall is to force something to happen that must happ en on its own . Observing the professional investment world writ large, its preoccupation with efficiency, predictability, and standardization is striking:... See more
As the industry shifts online, advertising will do for grocery what Facebook did to the ad industry. Suppliers will have self-serve tools to pay for guaranteed demand. This will shift the industry from being supply-driven (“how do we sell what we produced?”) to being demand-driven (“what do we need to produce?”). With up to 35% wastage in a $10... See more
Naval "If you're skeptical about the idea of owning digital property, then you're not only denying capitalism on the internet .... You're saying we're not going to have a collectively owned future. We're going to have a government-owned future and corporate-owned future."
What’s the difference between content centred around utility versus entertainment? Looking at Xiaohongshu (shortened to XHS), often referred to as "China's Instagram and Pinterest", can reveal some answers on what that playbook looks like and how the company developed its own identity and philosophy.
When we hear “lowering the cost of ownership of knowledge” most people immediately assume we’re talking about copyright. But as Stratechery writer Ben Thompson and ethereum founder Vitalik Buterin have both rightly pointed out, the scarce resource online isn’t copyrightable content itself - it’s people and their ability to bestow legitimacy on the... See more