companies

“So they don't even know the companies involved. They find that distracting.”

“For the last 10 years, the monetary regime Means that companies can just, even today actually, raise capital at the drop of a hat. There's always capital to help to bail out weak companies. Whereas there was a time when, I think pre 2008 actually, when if a co…”

“So I don't think everything has to be a DAO. There are plenty of times where a company makes a lot more sense, but what's really interesting about DAOs is there's a lot more transparency.”

“Companies can contract on the minimum amount of work you need to do, but nobody can contract on how much energy you're really putting toward work, how imaginative you're trying to be, how much you're reading extra, thinking hard, and so on.”

“So because of that uncertainty, I think DAOs probably trade at lower multiples than companies, at least in the near term.”

“The half-life of all companies is 10 years and less than five percent compounded greater than 20% for more than five years or something like that.”

“Companies, for sure, were staying private longer. Instead of seven, eight years, it was 10 to 12 years.”

“So many companies, regardless of how successful they are, reserve their best efforts only to invest in the thing that they sell. Don't invest that same amount of energy into how they make people feel, which to me feels counterintuitive. These companies, they a…”

“Most companies do revert over time to cost capital.”