Ethereum generated $370m in profit on $825m in revenue for about a 45% net income margin.The chart above shows both the historical performance & also explains how web3 blockchains like Ethereum generate revenue & profits.How does Ethereum compare to other software companies?If Ethereum were to trade on the New York Stock Exchange or the...

Over the weekend, Tobi, the founder and CEO of Shopify, discussed the major reason investors passed on Shopify in the early days : market size.Good supercut about why Shopify worked https://t.co/pw92KutpEn— tobi lutke (@tobi) April 14, 2024 I remember that financing round, & I remember having the same concern, & making the same mistake....

Recently, I was at the library & stood in front of a book that might be a good read. I fired up Gemini, asked it for a plot summary & a digest of the reviews before deciding to read it.So I started a list : what are the ways I use AI that are new in the last year?I often publish tables within these blog posts. I write posts in markdown,...

First Round’s Product Market Fit Framework adds dimension & texture to a concept we all use - Product Market Fit (PMF).PMF isn’t attained permanently, but sustained over time as companies & complexities grow. As they scale, startups move up-market, expand into new geographies, add new product lines, & develop new customer acquisition...

On April 18th at 9:30am Pacific time, Office Hours will host Evan Cheng, founder & CEO of Mysten Labs, creator of SUI.Evan & the Mysten team were instrumental in the creation of Meta’s high-performance blockchain techology before leaving to start Mysten.There are few key ideas Mysten espouses about blockchains that have led to dramatic...

Product managers & designers working with AI face a unique challenge: designing a delightful product experience that cannot fully be predicted.Traditionally, product development followed a linear path.A PM defines the problem, a designer draws the solution, and the software teams code the product. The outcome was largely predictable, and the...