Spend heavily on vehicle R&D (directly and indirectly through an elaborate supply chain) to create differentiated, high-end, higher-margin vehicles while features trickle down from high-end to mass market vehicles over time
Lastly, one of the major use cases for Ethereum is decentralized fundraising from a global network of investors. Crowdsales lower the barrier to entry for developers working on high risk projects. Since Ethereum launched in July 2015 we have seen unprecedented amounts of funds raised for decentralized applications through crowdsales. Ethereum itself was funded through a crowdsale that raised $18 million in bitcoin and a project called The DAO raised $160 million. Some other notable crowdsales are shown below:
Even CRE owners that want to meet this change in demand are often structurally prohibited from doing so. In some ways it seems that until the entire investment and ownership model around commercial real estate changes, the long term incentive of CRE owners to sign long leases will remain unchanged. Ultimately, this provides an opportunity to find a solution for CRE owners within the current structure of CRE investing (or, perhaps even to explore alternative ways of investing in and securitizing commercial real estate).
Raj’s conversation with Tyler spans that influential body of work and more, including social mobility, the value-add of kindergarten teachers, why corporations pay dividends, tax salience, his love of Piano Guys, the most underrated US state, and why okra may have been the secret of his success.