Sublime
An inspiration engine for ideas
8. First order irrational, second order rational (h/t Chris Paik)
Talia Goldberg • Distribution and conversion models for consumer startups
About the same time that he was trying to decide whether to sink more money into Twitter, Sam was handing $450 million to a former Jane Street trader named Lily Zhang, to create a second crypto quant trading fund based in the Bahamas, called Modulo Capital. So far as Ramnik could see, Sam had told no one about that until he’d done it.
Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
Jane Street, as Sam put it, was “just a place where people come to work each day to play some games and increase the number in their bank account, because what the fuck else are they going to do with their lives?” Alameda Research, as he was calling the new firm, was going to be different: a vessel to save some vast number of lives.
Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
In the realm of talent sourcing, decentralized identities promise “open CVs” based on fine-grained records of professional activities and accomplishments. This could allow for a fuller picture of someone’s past work and provide more granular insight into their skills and contributions.
Scott Kominers • Decentralized Identity: Your Reputation Travels With You - a16z crypto
The original hypothesis of the first investment DAOs (MetaCartel Ventures and the LAO) was that the aggregate network and expertise of 60–100 DAO members (builders & investors) was able to better assess and provide value add to projects than the typical venture fund that is run by 2–3 partners... But even so, investment DAOs today have be... See more
Medium • Unbundling the unit economics of venture capital via DAOs
Crypto projects that have grown through token incentives have faced similar challenges to Web2 startups that burned through piles of venture funding. The data is quite clear that most subsidized liquidity is highly mercenary. Hence, we're starting to see more thought out liquidity mining products including OHM and Rift.
Lattice Capital • The Web3 Growth Playbook
When we hired our last intern, I asked him to send me his wallet address in advance of the interview. By reviewing what he had done on-chain, I knew that we were probably going to hire him before the interview even started. Next time, maybe I’ll just ask for the candidate’s RabbitHole level.