Fast forward to today and tools are incentivized to expand their market by attempting to solve everything at once. But this means that the market for any given piece of software is often anyone and everyone.
It looks like factoring, it looks like debt, but it isn’t any of those things. It’s a new tradeable asset class with revenue contracts as the atomic unit. Businesses have been waiting for this for a long time. We’ve already maxed out the first lever you can pull to fund growth: issuing equity shares, off of the promise of what could be. Now, Pipe... See more
There is, unfortunately no good word for “skill at solving poorly defined problems.” Insight, creativity, agency, self-knowledge—they’re all part of it, but not all of it. Wisdom comes the closest, but it suggests a certain fustiness and grandeur, and poorly defined problems aren’t just dramatic questions like “how do you live a good life”; they're... See more
For one, this idea of a multi-store or multi-brand shopping aggregator app has never taken off in the US market, and that’s not for a lack of trying. The well-funded startup Spring was perhaps the best example — its big thing was a “universal shopping cart” to make it easier to shop across brands — but there’s very little that’s compelling about... See more
The complexity that we despise is the complexity that leads to difficulty. It isn't the complexity that raises problems. There is a lot of complexity in the world. The world is complex. That complexity is beautiful. I love trying to understand how things work. But that's because there's something to be learned from mastering that complexity.