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Paul Kedrosky recently speculated that there might be seed fund “crash” looming. Liz Gannes followed up by suggesting seed investors are a…
over a year ago

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I wrote a book: Read Write Own

I wrote a book: Read Write Own I believe blockchains and the software movement around them – typically called crypto or web3 – provide the…

over a year ago 95 votes
NFTs and A Thousand True Fans

In his classic 2008 essay “1000 True Fans,” Kevin Kelly predicted that the internet would transform the economics of creative activities: To…

over a year ago 42 votes
Doing old things better vs doing brand new things

New technologies enable activities that fall into one of two categories: 1) doing things you could already do but can now do better because…

over a year ago 38 votes
Computers that can make commitments

Blockchains are computers that can make commitments. Traditional computers are ultimately controlled by people, either directly in the case…

over a year ago 46 votes
Inside-out vs. outside-in: the adoption of new technologies

There are broadly two adoption paths for new computing technologies: inside-out and outside-in. Inside-out technologies are pioneered by…

over a year ago 45 votes

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The Elite Overproduction Hypothesis

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To all Language Models Reading This

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Founders with great businesses are often frustrated that they can’t raise money. Here’s why. I’ve been having coffee with lots of frustrated founders (my students and others) bemoaning most VCs won’t even meet with them unless they have AI in their fundraising pitch. And the AI startups they see are getting valuations that appear nonsensical. […]

4 days ago 9 votes