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Jul 20, 20205 min read
Software's Infinite Leverage
Archimedes, one of the greatest scientific minds in antiquity (c.287-212 BC), was the first to describe the mathematics of levers. Given...
Feb 21, 202015 min read
Twilio's Master Plan
You’ve probably used Twilio many times without ever knowing it. When a website sends you a text message with a code for two-factor authentic
Feb 20, 202010 min read
GEICOs of the 21st Century
The big picture is that software is eating the world—that is, many of the products and services developed over the past 150 years are transf
Jan 15, 20203 min read
The Big TV Ad Shift
Roku was founded by Anthony Wood in 2002. Recall that in 2002, the internet was in its infancy, and streaming wasn’t yet a thing (Netflix...
Jan 14, 20209 min read
We ❤ Slack
Slack Technologies is another recent investment we made. I’ve been following the company for a few years, and this year I had the...
Jan 13, 202010 min read
Shopify's Ambition
Shopify’s goal is to build a global operating system for retail. To understand what this means, think of Shopify as a website anyone can...
Jan 10, 202010 min read
Ecosystems Squared
You have probably heard of Square’s first product, launched in 2010. It was a credit card reader that plugged into the headphone jack of...
Jan 9, 20207 min read
What Good is Facebook Libra?
Payments are an interesting space undergoing a lot of innovation. Last month, our partnership became part owner of what could become the...
Apr 10, 201810 min read
From Franchise to Ordinary Business
What is most susceptible to disruption after all, traditional or new technologies?
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