I don’t think you are wrong about the power of becoming a verb with Uber. Lyft has stuck around is because the value of network effects don’t apply after a certain point in (the Uber/lyft model of) transportation networks.
“More drivers means more competition for available jobs, which means less utilization per driver. There is a trade-off between capacity and utilization in a transportation system, which you do not see in digital networks.”
While I don’t agree with everything in the article, some good points on physical networks. The choke point is the driver, and with Travis gone, full self driving cars could be their only path to economies of scale. But how far away is that?
You bring up good points about founder vision. One of my investment philosophies is to always look for founder CEOs.
What are your thoughts on “source” with respect to Satoshi and Bitcoin? On one hand, Satoshi made a clean break and handed over future development to the community. With hindsight it seems this was a nearly mandatory decision to keep BTC organizationally decentralized. The community had its first rift with BitcoinCash for payments or maintain the store of value narrative. Everything has worked out so far, and the community has coalesced around BTC and that ideology. Having no source to weigh in on these massive ideological/technical/product decisions, is there a long-term threat?
I don’t think you are wrong about the power of becoming a verb with Uber. Lyft has stuck around is because the value of network effects don’t apply after a certain point in (the Uber/lyft model of) transportation networks.
“More drivers means more competition for available jobs, which means less utilization per driver. There is a trade-off between capacity and utilization in a transportation system, which you do not see in digital networks.”
https://nymag.com/intelligencer/2018/12/will-uber-survive-the-next-decade.html
While I don’t agree with everything in the article, some good points on physical networks. The choke point is the driver, and with Travis gone, full self driving cars could be their only path to economies of scale. But how far away is that?
You bring up good points about founder vision. One of my investment philosophies is to always look for founder CEOs.
What are your thoughts on “source” with respect to Satoshi and Bitcoin? On one hand, Satoshi made a clean break and handed over future development to the community. With hindsight it seems this was a nearly mandatory decision to keep BTC organizationally decentralized. The community had its first rift with BitcoinCash for payments or maintain the store of value narrative. Everything has worked out so far, and the community has coalesced around BTC and that ideology. Having no source to weigh in on these massive ideological/technical/product decisions, is there a long-term threat?