Sublime

During the current cycle, a great deal of money was made that flowed to the class that used it for investing rather than consumption. That was the intent, and it worked, producing even more wealth. That money needs to be invested. However, as the decline in start-ups shows, it has become harder to find places to invest.

“We’ve talked about what our end state looks like, which of these teams will be working on their own, deciding what they work on directly with customers,” says David Cancel, Head of Product, CEO, and cofounder of Drift, of the current state of his startup and their journey toward achieving their future vision. “At this stage, we’re not there yet. W

As scale economies fall, and capital requirements for many types of information-intensive activities fall simultaneously, there will be a strong incentive for firms to dissolve. Business operations will be more ad hoc and temporary. Firms will tend to be more short-lived. Virtual corporations that assemble talents for specific purposes will be more

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