Nathan Baschez is the cofounder and CEO of AI word processor Lex. He cofounded Every, was the first employee at Substack, and co-created Product Hunt.
Finding Power
An introduction to Clay Christensen’s most underrated idea: “The Conservation of Modularity”
May 4, 2020 · 3 min readUpdated Aug 27, 2026
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People think strategy is about profit, but really, it’s about power. Profit is just the prize.
And if you want to understand the nature of power in business — where it comes from, how to create it, how to sustain it — probably the best place to start is Clay Christensen’s “Law of Conservation of Modularity,” a massively underrated idea from his second book, The Innovator’s Solution.
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