, 3 tweets, 1 min read
In a capital abundant environment, capital efficiency was not heavily selected for.

But tech has several orders of magnitude to plumb in terms of capital efficiency. Remote work, automation/AI/robotics, and the incredible productivity gains from the last generation of SaaS.
In the last generation, Instagram, WhatsApp, Minecraft, and of course Bitcoin itself all got to $1B+ with a very headcount light model.

And those were all founded in 2009/2010.

We haven’t even begun to fight in terms of capital efficiency.
It’s similar to optimizing a program for resource utilization. So long as RAM, hard drive space, etc are abundant then you optimize for developer experience.

But in resource constrained environments (mobile, smart contracts, embedded) you embrace the problem.
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