Evan Armstrong

Evan Armstrong was a lead writer at Every who explored profit and power in technology in Napkin Math.

Sep 9, 2021

Tech stocks’ favorite lie to investors

How the LTV/CAC ratio is manipulated to take advantage of retail investors

Jul 30, 2024

Tinder Is Way More Important Than You Think

The success of a dating app has huge implications for the U.S. economy

Feb 22, 2024

AI and the Vision Pro Don’t Need a Killer App

Software that drives hardware adoption is rarer than you think

Jul 13, 2023

OpenAI’s Code Interpreter Is About to Remake Finance

Get in, loser—we’re disrupting Oracle

Apr 5, 2022

Twitter’s Shot at Becoming a Meme Stock

It’s Musk's world and we’re just tweeting in it

Apr 13, 2021

Announcing Napkin Math Fiscal Year 2021

After a short break, Napkin Math returns with a new writer

Jun 13, 2024

The AGI-in-2027 Thesis

Some researchers are convinced that we are on the cusp of superintelligence. Are they right?

May 7, 2024

The Right Kind of Asshole

A founder’s personality can differentiate them—or destroy them

Jan 27, 2022

Will Tokens Replace Equity?

The Weird Future Ahead

Feb 29, 2024

Reddit: The Internet’s Bellwether

Is AI training a sustainable business model for the future?

Sep 24, 2024

The One-person Billion-dollar Company

Can AI agents make you a billionaire?

Jan 16, 2025

God Is in the Bubbles

The politics of progress has a new manual

Oct 24, 2024

How to Win Arguments and Manipulate Managers

Make your spreadsheets shape strategy

Apr 21, 2022

Microsoft should buy Netflix

Netflix and Bill

Sep 12, 2024

The Button Problem of AI

What’s the real reason AI hasn’t yet delivered on its hype?

Jun 11, 2024

Apple’s AI Evolution: Built-in AI, Supercharged Siri, and Ecosystem Lock-in

Maybe the new world is the same as the old

Aug 25, 2022

Finance is Narrative Not Numbers

The Subtle Art of Manipulating CFOs

May 9, 2024

Patreon Should Buy Substack to Save Creators

The solution to the problem of social media is to build something better

Aug 18, 2022

What is an Asset?

Plus a new course from Napkin Math!

Jun 23, 2022

Facebook’s Capitulation

Abandoning a Trillion Dollar Advantage

Oct 7, 2021

The End of Software, Again

The impending doom of horizontal SaaS

Sep 2, 2021

Content Moderation Double-Bind Theory

The market failures damning content to ever increasing sensationalism

Jun 4, 2024

AI Is Transforming the Nature of the Firm

By reducing transaction costs, AI will reshape how companies operate and interact

Jan 28, 2025

What Actually Matters (And What Doesn’t) For DeepSeek

Allow us to explain why your 401k is down