Divinations

Get smarter about business strategy.

Sep 7, 2022

Book Review: Slouching Towards Utopia

The origins of economic progress, and what comes next

Dec 31, 2019

Trade-offs are your friend

You probably can't have your cake and eat it too. But that's just fine.

Jan 9, 2020

Sahil’s Second Act

Gumroad’s founder shares what he’s learned about strategy, product, and growth.

Feb 5, 2021

A Post-Mortem for Social Podcast Discovery

Three reasons why RSS still dominates in audio, but not text.

Nov 4, 2021

How Valuation Works

A guide to the “right way” (discounted cash flow analysis), and why “everything is dumb right now.”

Sep 7, 2021

How Power Works in Venture Capital

Is being Sequoia actually pretty easy?

Apr 15, 2022

Elon is Right: Twitter Should Open Up the Algorithm

Commoditizing tweets’ complement (the algorithm) will increase usage and rebuild trust

Dec 12, 2019

Introducing Divinations

A new conduit for knowledge of business strategy

Jul 19, 2020

Disrupting Disruption

Strategy’s most famous theory could be wrong

Dec 6, 2021

The Three Systems Beneath Network Effects

An exclusive excerpt from a16z general partner Andrew Chen’s new book, The Cold Start Problem

Jun 5, 2020

What good is strategy right now?

A conflict of interest

Sep 30, 2021

The Market Wedge: How to Pick Your Initial Market

How and why early-stage startups sacrifice growth for power

Jul 11, 2020

Strategy should be painful

Businesses plateau for two reasons: Their strategy is wrong (Wrong Strategy Syndrome) They fail to execute any strategy at all (Fuzzy Strat

Jan 16, 2020

Your actual competition

A guide to Porter’s “Five Forces” framework—through the lens of Spotify

Dec 17, 2019

How Competition Works

It’s not like war, but it’s not like art class, either.

May 21, 2021

Why I Love Working at Startups

A friendly rebuttal

May 20, 2022

Mastering the Market Cycle, by Howard Marks

My chapter-by-chapter summary, with notes and reactions

Oct 5, 2021

What is “Intrinsic” Value?

And does it matter?

Aug 27, 2021

Spotify Bets on Apple Antitrust

Their new paid podcast feature only makes sense in a world where in-app purchase rules are relaxed.

Feb 11, 2020

The Four Strategies

How to understand the essence of any business

May 1, 2021

Spotify’s Upcoming “Open Access Platform” is as Surprising as it is Awesome

I hope it becomes a new paradigm for the creator economy

Nov 30, 2022

My Philosophy of Product Building (Part II)

Building your v1

Mar 5, 2020

Dominance Friction

Jesse Beyroutey, partner at IA Ventures, on why some companies achieve dominance while others get bogged down.

Nov 18, 2021

Notes on ConstitutionDAO

A few quick observations