Most people are playing the game of compounding interest, which is self interest - how do they take care of themselves and produce more for themselves, storing value for their own benefit. I play a different game. A game I call 'compounding impact.' How do you make a positive impact in the world?
The bitcoin/blockchain protocol has never been compromised. Businesses building applications on top of it run the risk of making mistakes.
Historically venture capital funds have only allowed elite investors in.
VCs invest in innovation and disruption, but how often do they innovate themselves?
The VC industry has benefited greatly from technology and the Internet, so I see how the VC industry is going to get disintermediated, decentralized, disrupted, so I can sit around and wait for someone to disrupt ourselves, or we can choose to disrupt or cannibalize ourselves.
Los Angeles has always been one of America's most entrepreneurial cities, but it is hard to recognize this because of how hardwired, literally, 'entpreneurism' has become.
Entrepreneurism is simply taking nothing, applying talent, brains, financial creativity and hustle, and turning that into something.
It's not a coincidence these two industry areas - Silicon Valley and Hollywood - use the same jargon. They share a common language, the language of the creator, of the entrepreneur.