Sublime

Was Chatting With a Well-Known Founder Yesterday About the "Founder...

@patrick_oshag I think with so much data and algorithmic-everything, the value of hand curation will continue to increase. 1,000 movies the computer suggests are not as compelling as 1 movie from a person I trust. I think there must be an analytical corollary to this, but I'm not yet sure what

my roman empire is how & why people signal status:

1. Patricians

high wealth, low need for status

ex: Loro Piana

2. Parvenus

high wealth, high need

ex: Birkin lawsuit

3. Poseurs

low wealth, high need

ex: dupes, Stanleys

4. Proletarians

low wealth, low need

ex: Carhartt

Paul Graham said, “when people visit your startup, they should be surprised how few people you have.”

Founders overestimate the point of diminishing returns for data in their own market category. The asymptote is usually not that high — perhaps thousands or even hundreds of data points are often enough to get 90% of the product experience value.

Katie: It's a great question. We're seeing that the middle class suffers in traditional institutional settings. Crypto democratizes participation. Investigative reporting is an area where crypto can help - we've seen crypto crowdfunds take off.