Knowledge as an addictive drug—an investor’s guide to the expert network industry

But there's a lot of overhead to creating and maintaining that network; GLG has to find people, vet their expertise, and, in recent years, find a way to ensure that people don't share information they shouldn't. The expert network business has gone through two booms: GLG started in 1998, with an original model of publishing deeply researched indust... See more

The deadline for YC S24 is tomorrow. Here's why you SHOULD NOT APPLY TO YC: YC seems like a reasonable proposition. They give you some money to help start your business, and they promise you access to a community of people that can help you along the way. In exchange, they don't ask for much. The standard YC deal is $500K for 7% equity. That doesn... See more

A few months ago I was at a conference where Robin Hanson spoke about prediction markets.[1] He argued that given how much of companies' outcomes are driven by who they choose to hire, and how non-rigorous the process of selecting employees and revisiting those selections is, there's a literal trillion-dollar opportunity in getting it right. Predic... See more