Timour Kosters

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

Don’t follow the fad:  “We were a bit contrarian. At the time, it was all about the Lean Startup, getting early customer validation and failing fast. This book making the rounds called ‘ The Four Steps to the Epiphany ’ espoused this lean company development model, where you put out a super rough prototype to get to know the customer and quickly

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But over the past few years, we’ve seen a lot of clamoring for what comes next. Virtual reality? Augmented reality? Autonomous vehicles? Web3?

Are DAOs bad at building products? - Product teams need continuity and shared context - We need more tools that can coordinate things like product work.

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%.

Quotes:

“I’m talking to you,” he began, “because the old shit doesn’t work anymore.”

The established patterns for releasing music, going on tour, and putting work into culture, he explained, were no longer relevant. The infrastructure, the audiences, and the money just weren’t there.

“I don’t know where things are going,” he continued, “But I know the

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DAOs will likely become large networks with shared incentives and coordination tools, made up of smaller units (which can still be quite bit) that act in a more directed and centralized way.

Minimum density is 20 units per acre: The voter initiative locks in at least 20 units/acre (~50 people/acre) as the minimum average density. This is similar to beloved neighborhoods such as Marina in SF, Centrum in Amsterdam, Kensington in London, and Historic Charleston in South Carolina. Even though people love these places, we’ve built close to... See more