Protocols provide structure for businesses, but are not businesses themselves; they are systems of logic that coordinate exchange between suppliers (businesses) and consumers of a service. As coordinators of exchange, protocols should be minimally extractive, whereas businesses are incentivized to be maximally extractive (that’s profit, and a busin... See more

Seed Club is a participant-owned venture network. It’s a bet that doing venture capital from the first principles of a network instead of the first principles of a firm will create dramatically more interesting outcomes.

It’s a subtle but fundamental shift. It means that instead of the organization at large being narrowly focused on investing activi... See more