A New Era of Capital Allocation
There’s only two ways I know of to make money — bundling and unbundling - Jim Barksdale In the traditional finance stack, investors bet on companies which are a bundle of many properties: market, team, idea, timing, execution, traction, and much much more. Due to the emphasis on the company as the basic unit of account a bevy of consequences ensue: (ethical) investors only select one company in a domain due to potential conflicts of interest, board seats and shares become the governance lever...
