Builders and extractors
Tim O’Reilly poses a question every entrepreneur and investor should consider: are you creating more value for others than you capture for…
Pivoting
My Hunch cofounders and I frequently ask ourselves: “If we were to start over today, would we build our product the same way we had so far…
Designing products for single and multiplayer modes
The first million people who bought VCRs bought them before there were any movies available to watch on them. They just wanted to “time…
Inside versus outside financings: the nightclub effect
At some point in the life of a venture-backed startup there typically arises a choice between doing an inside round, where the existing…
Steve Jobs single-handedly restructured the mobile industry
With the introduction of the iPhone, Steve Jobs achieved something that might be unique in the history of business: he single-handedly…
There are three New York Cities
There are roughly three New Yorks. There is, first, the New York of the man or woman who was born here, who takes the city for granted and…