How Braintrust Used Tokens to Kickstart a Market
A history of stock market exchanges: from fragmentation to monopoly, monopoly to fragmentation and back again.
It’s the rare business book that you should actually read
Weapons are a necessary evil, not a hype-y consumer product
It’s overrated—both financially and emotionally
Skynet Who?
A Book Review of The Power Law
What video games can teach us about building billion-dollar companies
An intuitive explainer for how to lose money and win anyway
A world where a billion is a drop in the bucket
GE, Amazon, and the flywheel of death
What is the Cash Conversion Cycle and why is it useful? In this post, we discuss the Cash Conversion Cycle formula, an example calculation, and a comparison of public retailer IPOs.
The Power Output Equation
Many schools have closed, representing a unique opportunity to buy school bus operators. With a strong moat, now might be the right time to buy.
This new era of startups requires a founder baptized in the humanities
Software with superpowers
TL;DRThis is the second post on a deep dive in GTM metrics with a focus today on Revenue RetentionSnowflake is a software Dracula. It latche
How AI will reshape what finance professionals do
Music producer Rick Rubin explores the creative process
How Amazon and Berkshire got too big
In which I analyze whether I’m good at my job
Amazon and Berkshire Hathaway got really big. Here’s why it might kill them.
How the LTV/CAC ratio is manipulated to take advantage of retail investors
A dispatch from a hacker conference in San Francisco
