Despite their enormous scale, China and the Internet are nevertheless somehow invisible. China because it’s overseas. The Internet because it’s in t… - Balaji Srinivasan

The lesson of deals is that if you have two, you have one. And if you have one, you have zero.

In other words: the second bidder sets the price and ensures the deal goes through. If you only have one bidder, the price floor is zero. And the deal may not get done at all.

Every program expands until it can send a message, host a crypto wallet, and run an AI model.

AI is amazing for small-TAM custom software.

Indeed, the smaller the market, the more amazing it is. Because small markets typically don’t support the costs of software development.