A historical collection of our writing.
Last week, I provided a recap of what we have covered so far in Uncertainty Wednesday. To go on from here we need to introduce some more concepts that are usually covered earlier but that I believe will make more sense in the framework that we have now established. The first one of these is […] Read more (opens Continuations in a new tab)
Yesterday Instagram announced that it has 200 million users for stories, which exceeds Snapchat’s 160 million users from their S-1 filing. Never mind that nobody outside these companies knows what those user definitions really mean or how to compare them. This has nonetheless rekindled a debate […] Read more (opens Continuations in a new tab)
Disruptive innovations often start out as worse versions of something that already exists. Worse along all dimensions except for one, but one that turns out to really matter because it unlocks a new use case for which the incumbent does not work at all or is not affordable. The PC was slower, had […] Read more
Today in Uncertainty Wednesday I want to provide a big recap of the series which I started last August. The key takeaways so far should be that Reality itself is not directly accessible to us. All we have to go on are observations and explanations. Uncertainty exists because there are limits on […] Read more (opens Continuations in a new tab)
One of the criticisms leveled against Universal Basic Income is that it is too big a change. But if anything it is not enough of a change. Why? Because it is just one part that needs to change and human societies are systems of interlocking parts. That means many other parts will need to change […] Read more (opens Continuations in a new tab)
In July 2011, we were fortunate to lead the Series D financing round in Lending Club, founded in 2006 by Renaud Laplanche. Along with Zopa (UK company) and Prosper, Lending Club was a pioneer of the now-familiar marketplace lending model, which cut interest costs for high quality borrowers by as […] Read more
