
… is that the photos are necessary to show Amazon shareholders that my business judgment is terrible. I founded Amazon in my garage 24 years ago, and drove all the packages to the post office myself. Today, Amazon employs more than 600,000 people, just finished its most profitable year ever, even while investing heavily in new initiatives, and it’s usually somewhere between the #1 and #5 most valuable company in the world. I will let those results speak for themselves.
providing those services. This is an…tional startups in this era almost as significant as the risk faced by the crypto space as a whole. Another note on market size is that in crypto protocols, we see valuation in terms of network value (market cap if at scale) instead of enterprise value, which means we’re looking at potential value of monetary supply as well as demand for the goods and services provided by the protocol rather than demand for goods and services minus cost of providing those services. This is an argument for crypto networks to be valued much higher than enterprises in this era and why we are investing in the former rather than the latter.