Timour Kosters

The last decade showed that questionable business models can subsist for a long time (and even flourish) when capital is abundant. Thirteen years after its founding, Uber is still figuring out how to be profitable: the company’s gross margins actually declined seven percentage points over the past three years, and the net profit margin is -3%.

The major consumer applications of AI will lean heavily into sophisticated recommendations that anticipate your wants and desires before you even know them—in the same way that the TikTok For You Page has shown people that they’re gay before they themselves have even arrived at that realization.

To run a profitable and scalable business, you want LTV > CAC. Currently, w e have rising CACs and less scalable, measurable acquisition-and it's all happening in a recessionary market environment.

Common mistakes or roadblocks with prog decentralization - Early team finds it hard to part with excess authority. Not necessarily for bad reasons. Taking hands off wheel generates fear - Not finding the right people for the dao. DAOs can be big, and they don’t have enough good people to do everything

Andy Bromberg: The wisdom of crowds is giving way to the “wisdom of communities.” In a world of ever-greater complexity, no one person can possibly make sense of all the signals and all the noise — from a single, static vantage point. A networked group is required to adapt to this new world... People are no longer being polled in isolation but... See more