At a New Year's Eve house party a few years ago, I met someone who had graduated from Harvard Business School. Among other topics, I brought up something I couldn't figure out: why would someone pay $200,000 [https://www.hbs.edu/mba/Pages/cost-of-attendance-class-of-2023.aspx] for something you could
In the spirit of documenting my thought process instead of already-formed thoughts, here are my impressions from the recent DevConnect [https://devconnect.org/] – a major week-long gathering of the web3 developer community in Amsterdam. * Many web3 companies are default-global. Most don't mention where they are based, because it doesn't matter.
NFT (Non-Fungible° [https://taivo.ai/notes/__fungibility] Token) Overview An NFT is a representation of ownership. Technically, on the Ethereum blockchain, an NFT is defined by the contract ID and the ID of the NFT within that contract. NFTs make digital goods scarce. Even though Information wants to be free
Optionality° [https://taivo.ai/notes/__optionality] is useless without an end goal Optionality° [https://taivo.ai/notes/__optionality] is instrumentally valuable, but terminally useless. It only makes sense in service of a goal. A life that ends with all options open, is a life with zero options realised and all
Commitment° [https://taivo.ai/notes/__commitment] reduces overhead If you're keeping all options° [https://taivo.ai/notes/__optionality] open, you spend a lot of time picking between them on an ongoing basis. You're constantly re-evaluating: should I continue with the current one, or try to find another? Commitment° [https://taivo.
Commitment° [https://taivo.ai/notes/__commitment] is valuable for your partner A partner that can commit -- romantically, in business, or otherwise -- is much more valuable than one that cannot. There's even an adjective for a person who is unwilling to commit: flaky. A partner that can commit helps
Commitment° [https://taivo.ai/notes/__commitment] is a prerequisite Sometimes, advance commitment is necessary. If you want to bake a cake you need to purchase the ingredients before you start baking, which is a form of pre-commitment. In professional life, you often not only need to be committed, but have
You might imagine all great startups started from a clear mission. Sometimes they were, but usually, that story is woven in hindsight to cover up the gnarly pivots of the early days. In PR-optimised founding stories, the narrative usually goes like this. Our visionary founders found an apparent $PROBLEM in
I recently started drinking coffee again. Caffeine has always had the effect of narrowing my focus and reducing mind-wandering. The downside is, caffeine makes me less likely to get into diffuse mode [https://fs.blog/2019/10/focused-diffuse-thinking/], the other main mode of thinking. Focused mode means taking a direct,
Peter Thiel has [https://www.goodreads.com/book/show/18050143-zero-to-one] a 2x2 matrix: indefinite vs. definite, and optimist vs. pessimist. I want to be a definite optimist: imagine a better future and work to build it. Recently, I've been more of an indefinite optimist. * Hoping that startup inspiration hits, without