Divinations

Instagram’s Existential Bet

They’re betting the farm on Reels. Will it blow up in their face?

Finding Power: How To Do Market Analysis

A step-by-step process for uncovering the power dynamics that govern any industry

Did Medium Succeed?

The past, present, and future of writing on the internet

What kind of company do you want to build?

Scale, speed, or freedom: choose two

How To Time The Market (Or Not)

A Book Review of “Mastering the Market Cycle”

Mastering the Market Cycle, by Howard Marks

My chapter-by-chapter summary, with notes and reactions

Why Sh*t is Hitting the Fan

How the Fed accidentally scuttled your Series B, simply explained

Map of a Downturn

Untangling the complex causal chain that makes good times go bad

Twitter as a City-State

The Argument for Democracy in Cyberspace

DALL·E 2 and The Origin of Vibe Shifts

By Means of Natural Selection

Elon is Right: Twitter Should Open Up the Algorithm

Commoditizing tweets’ complement (the algorithm) will increase usage and rebuild trust

Friendly Competition and Subtle Defection

My wife and I recently bought our first home and we’re expecting our first child soon, so, as you can imagine, we’ve been doing a lot of wor

Recursive Publishing

A force to be reckoned with

Screw it, I’m investing in Peloton

I’m in at $22.51—we’ll see what happens next.

Substack’s Ideology

The point isn’t just to make money—it’s to change the systems that human attention flows through. You can’t understand Substack without understanding this.

How To Buy The Dip

Is now a great time to buy? Or a terrible one?

Peloton’s Next Move: Become a Platform

Opening up to external content is the only way to ensure durability, scalability, and defensibility.

The Psychology of Strategy

How to see what you aren't seeing

Year Two

A messy slog that changed everything for me

Eric Newcomer on 2022 Startup Trends

Eric Newcomer is one of the smartest and most plugged in newsletter writers in tech. This week he'll be joining Nathan, Dan, and Evan in the

♥ 1 🔒 Jan 16, 2022

Is Axie Infinity a Ponzi Scheme?

To Axie Infinity And Beyond!

The Athlete as Creator

How new regulations have brought college athletes into the creator economy, big time

The Three Systems Beneath Network Effects

An exclusive excerpt from a16z general partner Andrew Chen’s new book, The Cold Start Problem

Notes on ConstitutionDAO

A few quick observations

The two biggest critiques of web3, analyzed

With a little help from Clay Christensen, strategy legend