Timour Kosters
@timourkosters
Investor & builder working in blockchain and ml. Tweeting: @timourxyz
linktr.eeTimour Kosters
But that path to figuring that out wasn’t easy. Here’s Ofstad’s advice for fellow horizontal product builders:
1. Double down on early traction (carefully).
2. Blend the functional and the aspirational.
3. Map out your adoption.
4. Think about pricing as positioning early on.
First Round Capital • Airtable's Path to Product-Market Fit
Key Ideas
The core question explored in this post: do highly decentralized DAOs work, or should their governance start to more closely resemble trad corporations?
Vitalik's main point: there are certain use cases where decentralization is very important. There may be a relatively small number of these orgs, but they will be the very important ones.... See more
The core question explored in this post: do highly decentralized DAOs work, or should their governance start to more closely resemble trad corporations?
Vitalik's main point: there are certain use cases where decentralization is very important. There may be a relatively small number of these orgs, but they will be the very important ones.... See more
Vitalik Buterin • DAOs are not corporations: where decentralization in autonomous organizations matters
- What was the aha moment for Scott with crypto?
- Scott was aware of crypto early, but very skeptical. Saw that everyone was trying to decentralize just for the sake of it. But decentralization has costs. Centralized entities are often more effective in coordinating interaction.
- His opinion started to change with examples of use-cases where tech was
Sari Azout • Market Design Masterclass ft. Scott Kominers
Assess the potential and spot the openings: “We spent a lot of time thinking about ‘What is the market for this?’ Spreadsheets have been around forever, but most of the time, people use them to track objects: people, companies, simple tables. They're not doing modeling and number crunching, which they were invented for,” says Ofstad. “And when
... See moreFirst Round Capital • Airtable's Path to Product-Market Fit
I digress but the main point is simple: the drivers of social coherence, such as culture, governance, morality, law, shared stories, and shared values might as well be considered “technologies”. These stories, at least as much as our manipulations of fire, matter, and information, sustain our relationships with one another and with the planet.... See more
Matt Prewitt • Secret Societies, Network States, Burning Man, Zuzalu, and More: Thoughts on New Political Communities
Tech and Society and
I digress but the main point is simple: the drivers of social coherence, such as culture, governance, morality, law, shared stories, and shared values might as well be considered “technologies”. These stories, at least as much as our manipulations of fire, matter, and information, sustain our relationships with one another and with the planet. Their status registers how well we are doing, at least as meaningfully as the potency of our machines.
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%.
Digital Native • Revisiting Lifetime Value and Customer Acquisition
Companies with poor unit economics found themselves propelled by aggressive venture dollars (which themselves were propelled by a low-interest-rate environment). Those companies then turned those dollars into aggressive customer acquisition. Until recently, the market rewarded growth at all costs.