tech, startups, internet

Business model meta-models

The Diff by Byrne Hobart is quickly becoming one of my favorite newsletters. “[T]here are many ways to frame business models. Every one of them asks how a business reverses economic entropy and creates more value than it consumes… None of […]

tech, startups, internet

VC incentives: logo-hunting and optionality

Byrne Hobart offers an intriguing analysis on the incentives of VC associates. They’re not partners, and typically not on track to be partners, so he says they’re best served by promoting high-publicity deals rather than high-return deals. For those subscribers […]