big ideas

What you can’t say

This is an incredible essay by Paul Graham. “It seems to be a constant throughout history: In every period, people believed things that were just ridiculous, and believed them so strongly that you would have gotten in terrible trouble for […]

oh, chicago

The Illinois flag is terrible

“The North American Vexillological Association ranked Illinois’s flag 49th out of 72 state and provincial flags. So, what gives?” (From Wikipedia: Vexillology is the study of the history, symbolism and usage of flags or, by extension, any interest in flags […]

tech, startups, internet

History of public SaaS returns and valuations

This is a very data-driven analysis worth skimming at least. “The overall returns from public SaaS companies have been remarkable — the average SaaS company has returned almost 5x from their IPO price. For context, most venture capital funds strive […]

tech, startups, internet

A quick overview and history of tech VC

“In this 5-part series, we’ll review the birth and maturation of the industry, and with that context consider where it might be headed. This first post will focuses on the formalization of VC from the 1950s through the dotcom bubble.” […]

better doing

Five lessons from history

“Lesson #1: People suffering from sudden, unexpected hardship are likely to adopt views they previously thought unthinkable.” | learn more

oh, chicago

The history of derivatives in Chicago

This is a history of trading derivatives and the Board of Trade. In a way, this is a history of Chicago. “The opening of a canal in 1848 led to the birth of modern financial derivatives, and the early demise […]