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Notice, though, the trouble this Internet reality presents to Netflix: if content is abundant and attention is scarce, it’s easier to sell attention than content; Netflix’s business model, though, is the exact opposite.

The second fundamental truth of data business models is this: whoever controls the data, captures the value. Intermediaries get squeezed.  A common failure mode is to build a business on top of somebody else’s data. If you depend on a single upstream source for your data inputs, they can simply raise prices until they capture all of the economics... See more

The analogy to publishing also point to what will be the long-term trend for any profession affected by these models: relatively undifferentiated creators who depended on the structural bundling of idea creation and substantiation will be reduced to competing with zero marginal cost creators for attention generated and directed from Aggregators;... See more

Are Facebook, Google, Apple and Amazon too powerful? Should they be broken up?

Tyler has identified talent either earlier than or missed by top undergraduate programs, the best biotech startups, and the best biotech investors, all without any insider knowledge of biotech. In comparison, Forbes 30U30, MIT Tech Review TR35, or Stat Wunderkind, and other industry awards that highlight talent are lagging indicators of success.... See more

Advice for founders - “Go find the thing you can commit to for 10 years, because that’s how long it’s going to take, minimum, to get a good outcome”

Rome wasn’t built in a day, but they were laying bricks every hour.  The problem is that it can be really easy to overestimate the importance of building your Roman empire and underestimate the importance of laying another brick.

The argument is that if providers start going out of business or consolidating, it leaves insurers with fewer suppliers of care to their members, which increases supplier power. The authors propose that each insurer scales up payments to primary care providers, and they astutely recommend policies that minimize the risk of free ridership, which... See more