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soar to $1 billion. However, the wealth of the median customer, the one exactly in the middle of the distribution, wouldn’t change at all.

Erik Brynjolfsson, Andrew McAfee • Race Against the Machine

Money

Les Sherry • 1 card

In Q1 2022 Meta made 99 cents of free cashflow per daily active user. But sure, we should be paid for our data.

Benedict Evans

twitter.com

Transfer of Wealth

Philip Soriano • 4 cards

Don’t chase three-digit precision The purpose of this exercise is to ballpark a rough three-year ARR estimate. Don’t overthink this. When in doubt, think in powers of 10: $100k ARR: Roughly enough to quit your day job $1m ARR: Enough for a small company (two or three employees) $10m ARR: Enough for a VC-backed business

Ash Maurya • Running Lean

In TechDollar 1, I explained that the world was bi-frucating into two systems. The countries that were producing real physical goods, and the tech and financial infrastructure of the world. That this underlying system was going to cause friction as the financial structure is currently set up to absorb real wealth from the productive countries and t... See more

Dan • Tech Dollar 2: The War of the Worlds and Fate of the Dollar

Fintech

Aadik • 2 cards

The world’s total gold total above-ground supply is worth ~$11T today³. Digital stores of value lower friction, provide better access and offer programmability, which could increase the total market size compared to gold.

Gui Laliberte • From Digital Oil to a Digital Nation—Narratives for Ethereum in 2021

The impact of an additional dollar is not the same on different levels. On Level 1, with $1 a day, another dollar buys you that extra bucket. That is life-changing. On Level 4, with $64 a day, another dollar has almost no impact. But with another $64 a day, you could build a pool or buy a summer house. That’s life-changing for you. The world is ext