Sublime
An inspiration engine for ideas
The Federal Reserve Bank of New York is perched in a gray sandstone slab in the heart of Wall Street.
Roger Lowenstein • When Genius Failed
It’s the Land, Stupid: How the Homebuilder Cartel Drives High Housing Prices
Matt Stollerthebignewsletter.com
We're drunk on our stupidity, again.
Bribing founders with homes?
Free secondaries as % of investment?
Celebrating founders who leave the team out to dry?
Counting GMV, bookings, distribution contracts, and equity raised as "ARR"?
Manufacturing positive GM by burying COGS?
Taking 10x+ more in secondaries than ARR?
Lying about illicit content... See more
New York in 1932 was half-completed skyscrapers, work on them long since halted for the lack of funds, that glared down on the city from glassless windows.
Robert A. Caro • The Power Broker
Weckquaesgeeks, who lived on Manhattan and really owned it, weren’t so happy. For years afterward they warred sporadically with the Dutch. Perhaps the most famous street in America, Wall Street, was named for the wall the Dutch built to protect New Amsterdam from the Weckquaesgeeks, evidence that the Dutch hardly imagined they had bought Manhattan
... See moreJames W. Loewen • Lies My Teacher Told Me: Everything Your American History Textbook Got Wrong
Zoning is losing its power. New ventures are able to reach a meaningful scale before regulators (and competitors) react. The boundaries between different uses are blurring, with people lodging in apartment buildings, living in hotels, working in restaurants and retail malls, and sleeping or socializing at the office.