I was emailing with a friend recently, who asked: “On the web, in order to build a platform you first need a hit app. Do you think this dynamic is different in blockchain?” […] Read more (opens Nick Grossman in a new tab)
A historical collection of our writing.
I was emailing with a friend recently, who asked: “On the web, in order to build a platform you first need a hit app. Do you think this dynamic is different in blockchain?” […] Read more (opens Nick Grossman in a new tab)
Most of the companies I work with tell me that they are resource constrained and do not have enough capital and engineers to do everything they want to do. I tell them that is a blessing not a curse. They look at me like I am crazy and rationalize it as me being an investor […] Read more (opens AVC in a new tab)
This will be my last post until Labor Day. I will be spending as little time online as possible, reading books instead, spending time with family and friends and working on World After Capital. I will be disabling all notifications on my phone and checking email only twice a day. Given all the […] Read more (opens Continuations in a new tab)
I don’t know enough to say with any confidence that our President is a supremacist. But he made a cold hard political calculation that paid off for him when he made these horrible people the foundation of his political base and fired them and their hatred up at his campaign rallies. He can’t throw […] Read more (opens AVC in a new tab)
Last Uncertainty Wednesday, we saw how diminishing marginal utility of wealth provides an explanation of risk aversion via Jensen’s inequality. Why would it be then that lots of people seem to like small gambles, like a game of poker among friends. One possible explanation is that the utility […] Read more (opens Continuations in a new tab)
As has been widely reported, in the last few months ICOs have raised significantly more money for blockchain startups than has come from traditional venture investors. This can be seen as a sign of the long discussed unbundling of venture capital. The idea is that while VCs bundle capital, advice, […] Read more (opens Continuations in a new tab)