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paulg's profile
Paul Graham
Paul Graham
Paul Graham
Verified account
@paulg

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Paul GrahamVerified account

@paulg

paulgraham.com
Joined August 2010

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    1. Paul Graham‏Verified account @paulg 5 Mar 2019

      One of the biggest differences between now and the past is how rapidly ideas become money. Now ideas can become money as soon as you put them on a server and set up credit card processing. (And cryptocurrency may soon eliminate the second step.)

      40 replies 505 retweets 1,867 likes
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    2. Paul Graham‏Verified account @paulg 5 Mar 2019

      Reliable source of startup ideas: reduce the gap between ideas and money. In this sense, AWS and Stripe are in the same business.

      14 replies 47 retweets 432 likes
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    3. Paul Graham‏Verified account @paulg 5 Mar 2019

      Warning: The decreasing gap between ideas and money is one of the main reasons for increasing economic inequality. People's ideas vary dramatically in value. So the more direct the connection between ideas and money, the more inequality you'll see.

      20 replies 51 retweets 402 likes
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      Paul Graham‏Verified account @paulg 5 Mar 2019

      I personally think this is, if not good, at least inevitable. Ideas and money want to find each other, and as a result the gap between them has closed inexorably over time.

      4:19 AM - 5 Mar 2019
      • 34 Retweets
      • 279 Likes
      • Nicolas Embleton vna Elhadj Geek 🇬🇳 Ahmad Dinie lynette Astatine Hydra Khaled Aly *
      13 replies 34 retweets 279 likes
        1. __anoop‏ @__anoop 5 Mar 2019
          Replying to @paulg

          The limiting factor will be what Coase identifies as the boundary of the firm nearly a century ago #lindy

          0 replies 0 retweets 0 likes
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        1. Marco Fok‏ @mfok 5 Mar 2019
          Replying to @paulg

          it's worthwhile highlighting that across this spectrum, capital is abundant, ideas are in short supply and execution capability to bring these ideas to reality is the rarest of all

          0 replies 0 retweets 3 likes
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        1. benitri‏ @benitri 5 Mar 2019
          Replying to @paulg

          Those ideas are also sucking up most of the capital. Developments which take time and capital are starved, in particular innovative ICs.

          0 replies 0 retweets 0 likes
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        1. wr‏ @babarganesh 5 Mar 2019
          Replying to @paulg

          That’s great, but it doesn’t explain the bulk of what’s going on for most people.

          0 replies 0 retweets 0 likes
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        1. Jeremy Haynes‏ @TheJeremyHaynes 5 Mar 2019
          Replying to @paulg

          Great perspective

          0 replies 0 retweets 0 likes
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        1. mojtabamaleki‏ @mojtabamaleki15 5 Mar 2019
          Replying to @paulg

          Ideas for making money should be made. Income will be based on an accurate and complete idea and planning. There are ideas that create economic prosperity.

          0 replies 1 retweet 2 likes
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        1. Laurent Giroud‏ @laurentgiroud 5 Mar 2019
          Replying to @paulg

          You are assuming that money (unit of labor) obtained from revenues of an idea is the only way to value ideas but as far as society is concerned, lowering these revenues as much as possible without stifling experimentation is much more profitable as it maximizes the idea’s reach.

          0 replies 1 retweet 1 like
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        1. Mark E. Jeftovic, Reality Czar At-large‏ @StuntPope 5 Mar 2019
          Replying to @paulg

          Don’t say that. Next thing that happens is the Democratic Socialists will sponsor a bill to eradicate “idea inequality”.

          0 replies 0 retweets 1 like
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        1.  🌊 Billy Shipp‏ @billyshipp 5 Mar 2019
          Replying to @paulg

          I’ve spent the last few years thinking about #platforms and tools to aggregate ideas and turn them into money (think distributed #teams + #crowdfunding). Definitely believe in this #future 🔮

          0 replies 1 retweet 3 likes
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        1. Joachim Wernersson  🚀‏ @joachimwernerss 5 Mar 2019
          Replying to @paulg

          Could it be that the big benefit of this is yet to be seen as more jobs disappear due to automation?

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