From Crypto-Native to Crypto-Enabled
I’m not one to make big annual predictions, but one thing that seems likely to me is that 2024 will mark the emergence of mainstream apps powered by ...

Bitcoin as Battery
One of my favorite things about crypto is that, every so often, your conception of what it is changes.Bitcoin at first was "weird internet money...

The Internet's Next Business Model: A Conversation with Cloudflare's Matthew Prince
I just released a new episode of The Slow Hunch with Matthew Prince, CEO and co-founder of Cloudflare. Since we invested in their Series C back in 2013, I've watched Matthew and his team build one of the most critical pieces of internet infrastructure—protecting and accelerating vast portions of global web traffic. Our conversation traces Matthew's journey from his early "slow hunch" that the internet was fundamentally broken and needed fixing. We start with his law school days in 2000, when ...

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Investing @ USV. Student of cities and the internet.
From Crypto-Native to Crypto-Enabled
I’m not one to make big annual predictions, but one thing that seems likely to me is that 2024 will mark the emergence of mainstream apps powered by ...

Bitcoin as Battery
One of my favorite things about crypto is that, every so often, your conception of what it is changes.Bitcoin at first was "weird internet money...

The Internet's Next Business Model: A Conversation with Cloudflare's Matthew Prince
I just released a new episode of The Slow Hunch with Matthew Prince, CEO and co-founder of Cloudflare. Since we invested in their Series C back in 2013, I've watched Matthew and his team build one of the most critical pieces of internet infrastructure—protecting and accelerating vast portions of global web traffic. Our conversation traces Matthew's journey from his early "slow hunch" that the internet was fundamentally broken and needed fixing. We start with his law school days in 2000, when ...
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Dani and I have been spending a bunch of time recently thinking about the relationship between applications and infrastructure. It's a little bit of a chicken and egg situation. You need infrastructure to build apps, but often times you don't really know what kind of infrastructure is needed until you build some apps.
For example, we didn't get AWS (the infrastructure) until we had Amazon (the app). Often times, the early innovators need to build all the infrastructure themselves in order to build the app they want to build. And then that helps lead the way for the next generation of infrastructure: taking what was built for a killer app and offering it up to everyone.
One of my favorite books is Steven Johnson's Where Good Ideas Come From -- punchline is: innovation is typically not a single "eureka" moment, but rather an accumulation of many years of cumulative discovery. This blog is an example of one of my favorite ideas in the book, the "slow hunch" reinforced by the "commonplace book". Another idea from the book is the Adjacent Possible: essentially, that we can innovate only with what we can see and touch today. But by innovating at today's edge, we continually stretch the boundary of what's possible:
The strange and beautiful truth about the adjacent possible is that its boundaries grow as you explore them. Each new combination opens up the possibility of other new combinations.
For more on how this concept applies not only to "web 3" (crypto/blockchains) but how it played out looking back at the history of technology (internet 2.0, planes, cars, etc), here is our post.
Dani and I have been spending a bunch of time recently thinking about the relationship between applications and infrastructure. It's a little bit of a chicken and egg situation. You need infrastructure to build apps, but often times you don't really know what kind of infrastructure is needed until you build some apps.
For example, we didn't get AWS (the infrastructure) until we had Amazon (the app). Often times, the early innovators need to build all the infrastructure themselves in order to build the app they want to build. And then that helps lead the way for the next generation of infrastructure: taking what was built for a killer app and offering it up to everyone.
One of my favorite books is Steven Johnson's Where Good Ideas Come From -- punchline is: innovation is typically not a single "eureka" moment, but rather an accumulation of many years of cumulative discovery. This blog is an example of one of my favorite ideas in the book, the "slow hunch" reinforced by the "commonplace book". Another idea from the book is the Adjacent Possible: essentially, that we can innovate only with what we can see and touch today. But by innovating at today's edge, we continually stretch the boundary of what's possible:
The strange and beautiful truth about the adjacent possible is that its boundaries grow as you explore them. Each new combination opens up the possibility of other new combinations.
For more on how this concept applies not only to "web 3" (crypto/blockchains) but how it played out looking back at the history of technology (internet 2.0, planes, cars, etc), here is our post.
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