sari

Private companies in the last 5+ years have had every incentive to forgo profitability for a different metric: growth.

In the consumer internet, many of the most interesting technology platforms are, at their core, networks. As with most complex systems, small changes can have large consequences, and the structure of a network can materially impact consumer experience, many times changing the core way that people interact with the service.

The purpose of art is not the release of a momentary ejection of adrenaline … but rather the gradual, lifelong construction of a state of wonder and serenity.

– Glenn Gould

That's 社区团购 or community group-buying, the least understood business model in online retail right now.

Originally, creators didn’t exist. They weren’t a thing. So bringing them together with their audience — even if they didn’t own that audience — was amazing since it provided a degree of ads-based monetization.

Some companies—like Lambda (Series C; $122M raised), Flockjay (Series A; $14M raised), and Microverse (Seed; $3M raised)—use Income Share Agreements (ISAs), which align incentives with learners. Flockjay, for instance, only gets paid if students land a new job paying at least $40,000 per year. The average graduate gets a job paying $75,000.