How did we get to a place where billions of dollars are exchanged in millions of business transactions but there are no winners? My co-host Can and my restaurant friend both defaulted to the notion “delivery is a shitty margin business” when discussing this post. But I don’t think that’s sufficient here. Delivery can work. Just look at a Domino’s s... See more

It’s clear that Uber, Lyft, Postmates, etc. have led to tremendous value creation, but that value has disproportionately accrued to executives, employees, and investors of those companies, rather than to the workers that enable these services to operate on a daily basis.

1. User ownership can jumpstart growth, but sustaining it is more challenging Giving users ownership in the form of tokens can be a powerful alternative to paid marketing, helping to bootstrap networks and overcome the cold-start problem.

The four million people who drive for Uber probably own less of the company combined than a single dentist in New Jersey with Vanguard in their portfolio.