Arun Nagarajan

…d, the required burn rate for startups will rise, making them an increasingly expensive indulgence. Rewind the Airbnb story but with higher rents and it’s a story about three guys who ran a novelty website for a while before they all got jobs designing marketing microsites for Oracle.

people…ugh to have people who do not look the part, it is thanks to the presence of some skin in the game, the contact with reality that filters out incompetence, as reality is blind to looks.

… a filter –is the central pillar for the organic functioning of systems, whether humans or natural. Unless consequential decisions are taken by people who pay for the consequences, the world would vulnerable to total systemic collapse. And if you wonder why there is a current riot against a certain class of self-congratulatory “expe…