Not Boring Memo: Composer

Software will eat financial markets, cut out middle men, and turn investing into an experience from which consumers get more than a financial return. Still, only a relatively wealthy subset of consumers participate in financial markets; for software’s impact here to be truly revolutionary, it will need to increase access and participation in the ma... See more

It’s hard to make a hit game. CEO Jason Citron tried to create a successful gaming studio twice. Both times he ended up expertly pivoting to gaming infrastructure plays. Discord is a product of one of those switch-ups. Bots give Discord defensibility. More than 3 million “bots” have been built on top of Discord’s API. Chat servers use these to mode... See more

For a long time I thought it was odd that there wasn't some sort of "stock market" for creators. That there should be some way to choose the next up and coming creators, and somehow fund their life in the process. After all, that's precisely how the standard stock market works. You bet on the companies you think will do well, and in the process you... See more

One answer is what we might call a work-to-play model, in contrast with the traditional concept of ‘pay-to-play’. Instead of valuing LPs who can give the most money—an easy commodity for many founders in an overcapitalized environment—syndicates could work to value those who can actually contribute ideas, expertise, and work to support the companie... See more