@anthonyyang

Oh hi @elonmusk

375 days ago, March 24, 2022, I seeded and said hello. Look, it took YEARS for other social platforms to come on and make a splash - to grow exponentially. In a year, I saw the hype, the slow down, the changes, the evolution, for better and for worse. But this is a fetus. It can barely roll over, let alone crawl, walk, run, jump, and leap. I see the vision.

There's just a ton more to do.

And it's all part of business. You don't change an industry with copy, paste, and adding a feature here and there.

The grind that this team put in is admirable. 🧵

Hello world 👋 🌎

@anthonyyang

Does it not bother anyone else that the colors should be reversed?

📈📉

How hard is it to build a successful software company? 🧰

.58% chance that a software company will be able to bring in $4B in revenue. 💰

There’s a chance. 🎲

Having a big company is great but as you grow it gets harder to turn the battleship. 🚢

Don’t hire just because you can. 📢

When starting up and scaling teams, this is the typical process:

1/ everyone doing everything 🕸

2/ few managing, everyone still doing everything 🛰🌐

3/ few managing, the rest doing 🧭⚒️

4/ few executives, few managing, the rest doing 👥🧭⚒️

A business’ culture dramatically changes 🔺

From $0 revenue to $1M; 💰

And from 1-14 to 15-100 people. 👥

As you scale in either, 📈 processes must evolve along with it. If not, internal challenges begin to develop.

Don’t assume what previously worked will continue. ⏰

Pretty much. 😆

Big companies are generally better at scaling. Small companies are better at innovating.

You want both: big company structured with small teams.

🔑 Acquisitions - a key to monopolizing

🛍️ A true decentralized social doesn't acquire companies. It acquires talent to build on the platform (permissionless).

👷 It draws talent based on openness of source code (trust).

🧩 It grows not on financial power, but on innovation.

To understand likely sources of business MISALIGNMENT it’s important to distinguish 3 roles:

💰Ownership-who legally owns company equity.

🚙Possession-who actually runs the company on a daily basis.

🚦Control-who formally governs company affairs.

Life, on-and-off screen, is nothing but a ton of triggers.

🅱️ = 〽️🅰️🦖

Characteristics of monopolies:

Proprietary technology 📦
Network effect 🕸
Economies of scale 📈
Branding 💝

Use this to analyze your business for durability.

In physics the state of equilibrium, where all states are at rest, is the heat ‘death’ of the universe.

This is a metaphor for business.

I’m business equilibrium means stasis ie death.

When closing in on equilibrium, ease, complacency...

Inject chaos.

Not all tech are made equal.