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The Diff | Byrne Hobart | Substack
Vertical service marketplaces can optimize around one or a few adjacent verticals, but the low frequency of most verticals (other than cleaning and lawn care) creates challenges.
Jonathan Lai • The Founder's Dilemma: To Compete or Unbundle | Andreessen Horowitz
Edward Chancellor’s history of financial manias, Devil Take the Hindmost, urging them to read it. Chancellor’s account of England’s railway mania of 1845 had made an especially deep impression on Kagle, who saw all of the similarities between the railroad, then hailed as a revolutionary advance without historical parallel, and the Internet. In both
... See moreRandall E. Stross • eBoys: The First Inside Account of Venture Capitalists at Work
But not everybody is playing the same game. People have different incentives, and they may be following their incentives rationally, but it nevertheless creates profitable opportunities for DFT, which just wants to make money. Maybe conscientious contrarianism