Stratechery by Ben Thompson

A matrix of values vs a singular idea of value.

something essential about software economics: the complementary good to any given software product is a lot more software! This is part of the mystery of Docusign, i.e. why do they have so many employees? And why doesn't someone else just make a cheaper replacement? You can build a cheaper replacement pretty quickly—the service I use, Dropbox Sign,... See more

In a response to a critique of Aggregation Theory, Ben Thompson wrote “And sure, at some point the Aggregator may integrate backwards into distribution or supply, but the foundation of their power comes from aggregating demand, something that was not possible before the Internet.” I agree that these companies’ power comes from aggregating demand, b... See more