Idle thought:

Clearly there should be investment opportunities in, without loss of generality, new Substack writers, including both by the platform and by others.
“I would certainly quit my job to do that but...”

If the thing you are about to say involves either risk or money then that is An Eminently Solvable Problem.
“Here’s $100k. You’re covered for a year. Here’s our business-in-a-box recommendations. Here’s the Slack where we coordinate cross-promotion in the portfolio.

We don’t want a dollar until you make 2X the old job. After that, we’ll take 20% [of the first million a year.]”
“LOL Patrick a writer making a million a year?”

Let me observe that the number of infoproduct people who laugh in the general direction of that is much higher than most people in tech appreciate.

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More from @patio11

13 Nov
An interesting thread, which I do not have very strong opinions on.
The big question of entrepreneurs is whether value occurs at the network level, the provider level(s), the financial institution, the infrastructure layer, the application layer, the brand layer, or the distribution layer.
“That seems like an awful lot of layers.”

Yeah wait until you hear about how much I’m oversimplifying it.
Read 9 tweets
11 Nov
In crypto, a very important question to ask is “What if we’re the marks?”

cryptobriefing.com/behind-shroud-…
Best detail is how they sent X00 Bitcoin to their crypto custody provider and then found out that the person they thought was their AM at the custody provider was actually a fraudster and the Bitcoin was now unrecoverable.
That is an attack vector in real finance, too, and has been for hundreds of years, so sophisticated firms are reasonably careful about checking.
Read 5 tweets
11 Nov
It floors me that with all the AI/ML expertise being deployed on relatively narrow problems, the best productivity suites can do to predict which documents are relevant to your interests is "sort by access_time desc"
How about

"Team members who viewed this Gantt chart also viewed the project plan"
"You comment on 100% of documents with Bitcoin in title. Maybe this one also relevant to your interests."
"A paragraph you wrote copy/pasted to here; it is visible to you; maybe we should flag it."
"You searched, opened this document, and closed it 3 seconds later; probably not what you were looking for so maybe I won't put it in Recent Documents."
"You start every day by checking email and updating your daily action plan. I wonder what doc you will open today."
Read 6 tweets
8 Nov
Most interesting e-commerce experience I’ve had recently:

My glasses are getting old and beat up, but I am fine on prescription, so I go to Ye Olde Chain Shoppe.

First question: “Did you use the app last time to save your data?”
“Yes.”
“Brilliant. In that case, we will give you 5,000 yen off ($50) if you buy the glasses on the app. You have to do the data entry, but we can assist you in using the app. Or, I can do it, but $50 more expensive. Either way you pick up here in 30 minutes. Want the discount?”
“Sure, how hard can it be.”

“Not hard at all. Here are printed instructions.”

(Mad props, Tokyo retail staffer, for not even questioning whether I’d be able to read them.)
Read 12 tweets
7 Nov
Ruriko: "Hey our friend invited Lillian to play tomorrow but we can't go. Is this correct English? 'Lillian cannot come to play.'"
Me: "Yes that is grammatically correct but would be considered a bit rude. Let's rewrite."
*we do*
Ruriko: "Isn't this... super Japanese?"
Me: "..."
Me: "I literally don't know at this point whether the stylistic choices are more Japanese salaryman or Chicagoan but trust me it will work for a native English speaker in our social class."
Ruriko: "Gotcha. You should do this for people. That's a job, isn't it?"
Mental monologue: "Thank you for your LinkedIn message. While I wish you the best of luck in your search for a full-time playdate invitation ghostwriter, I am afraid that professional commitments make me unavailable at this time. If something changes, I'll be in touch."
Read 9 tweets
7 Nov
So let me put actual numbers on something that imply transactions which will greatly impact SaaS.

Humble Bundle: $12 a month or $132 (1 month off $144) for a year.

Amex splitting a $132 bill into 12 payments, with fee included: $143.64
“What happened here?”

Humble prefers cash up front. Amex has low cost of capital. They can synthetically trade in low volume, mediated by the customer, if they convince customer to do something a bit weird.
Unsurprisingly, there is an opportunity to eliminate the middleman here.
Read 5 tweets

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