1/ Reading obscure dot-com "history" is a useful way to inform your model on future cycles. Just read https://www.amazon.com/Internet-Bubble-Anthony-B-Perkins/dp/0066640016 …. It's a contested narrative, but it has some gems:
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6/ The book predicts that AOL will remain a behemoth, while Amazon's future is unclear. What are similar predictions we're making today that are likely to be as wrong?
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7/ KPCB and Sequoia were very focused on staffing exec teams very early on the company's life. (As opposed to today, where this seems to happen later on.)
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8/ In case my friend replies, I am not giving away ETH.
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