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← User surplus and moat-deepening are first-order importance for…
16 connected korrents · 15 moments from 1 Jun 2022 to 24 Oct 2026.
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venture capital Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Read this korrent: User surplus and moat-deepening are first-order importance for understanding the arriving attention info-bio tech mode of production. User surplus and moat-deepening are first-order importance for understanding the arriving attention info-bio tech mode of production. Last stated 6 days ago
24 Oct 2026
BD
Brad DeLong — holds since 2026-10-24 — tap for who they are
Same subject: User surplus and moat-deepening do not produce a hyperboom in measured GDP or an explosion in profits that justifies current market valuations. — tap to centre the map on it User surplus and moat-deepening do not produce a hyperboom in measured GDP or an explosion in profits that justifies current market valuations. Last stated 6 days ago
24 Oct 2026
BD
Brad DeLong — holds since 2026-10-24 — tap for who they are
Same subject: The remaining business moats are proprietary data, network effects, distribution, hardware, capital, and regulation. — tap to centre the map on it The remaining business moats are proprietary data, network effects, distribution, hardware, capital, and regulation. Last stated 3 weeks ago
12 Oct 2026
PL
Pieter Levels — holds since 2026-10-12 — tap for who they are
Same subject: AI is creating user surplus and capital deepening, even if it is not yet showing up in TFP data. — tap to centre the map on it AI is creating user surplus and capital deepening, even if it is not yet showing up in TFP data. Last stated 4 weeks ago
5 Oct 2026
BD
Brad DeLong — holds since 2026-10-05 — tap for who they are
Same subject: Companies often use their cognitive surplus to advance their interests against those of some consumers. — tap to centre the map on it Companies often use their cognitive surplus to advance their interests against those of some consumers. Last stated 3 weeks ago
9 Oct 2026
PC
Patrick Collison — holds since 2026-10-09 — tap for who they are
Same subject: Some software moats will remain like social media and ecommerce, but they will be used by AI to build personal software — tap to centre the map on it Some software moats will remain like social media and ecommerce, but they will be used by AI to build personal software Last stated 3 weeks ago
11 Oct 2026
PL
Pieter Levels — holds since 2026-10-11 — tap for who they are
Same subject: The durable competitive moat in an AI-driven business is proprietary human-originated data, not the AI itself. — tap to centre the map on it The durable competitive moat in an AI-driven business is proprietary human-originated data, not the AI itself. Last stated 7 months ago
20 Mar 2026
AK
Arvid Kahl — holds since 2026-03-20 — tap for who they are
Same subject: Data is a moat — tap to centre the map on it Data is a moat Last stated 2 weeks ago
13 Oct 2026
PL
Pieter Levels — holds since 2026-10-13 — tap for who they are
Same subject: A bubble can only be identified in retrospect, so arguing about whether one is happening now cannot be settled now. — tap to centre the map on it A bubble can only be identified in retrospect, so arguing about whether one is happening now cannot be settled now. Last stated 11 months ago
9 Dec 2025
HM
Howard Marks — holds since 2025-12-09 — tap for who they are
Same subject: A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate. — tap to centre the map on it A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: A founder who does not know their own goal dies by a thousand compromises and ends up running a company they do not want to work at. — tap to centre the map on it A founder who does not know their own goal dies by a thousand compromises and ends up running a company they do not want to work at. Last stated 5 months ago
2 Jun 2026
MP
Mark Pincus — holds since 2026-06-02 — tap for who they are
Same subject: A "good business" now means one that can display quarter-on-quarter stock growth, not one that makes good products at a fair price. — tap to centre the map on it A "good business" now means one that can display quarter-on-quarter stock growth, not one that makes good products at a fair price. Last stated a year ago
21 May 2025
EZ
Ed Zitron — holds since 2025-05-21 — tap for who they are
Same subject: A high, stable dividend yield gives a stock's valuation a downside floor that growth stocks without dividends lack. — tap to centre the map on it A high, stable dividend yield gives a stock's valuation a downside floor that growth stocks without dividends lack. Last stated 8 months ago
3 Mar 2026
SB
Sanjay Bakshi — holds since 2026-03-03 — tap for who they are
Same subject: A society's prosperity comes from its productivity, not from the financial system or stock market. — tap to centre the map on it A society's prosperity comes from its productivity, not from the financial system or stock market. Last stated a month ago
25 Sept 2026
MM
Mr. Money Mustache — holds since 2026-09-25 — tap for who they are
Same subject: A first-time founder has an advantage over a repeat winner, because past success makes it too easy to raise money and hire against a big vision before there is product-market fit. — tap to centre the map on it A first-time founder has an advantage over a repeat winner, because past success makes it too easy to raise money and hire against a big vision before there is product-market fit. Last stated 5 months ago
14 Jun 2026
MP
Mark Pincus — holds since 2026-06-14 — tap for who they are
Same subject: A founder should take half the valuation if it buys all of the control, because the right to be wrong in your own way is what founding was for. — tap to centre the map on it A founder should take half the valuation if it buys all of the control, because the right to be wrong in your own way is what founding was for. Last stated 5 months ago
2 Jun 2026
MP
Mark Pincus — holds since 2026-06-02 — tap for who they are
Same subject: About 5% is the most common final ownership stake for the founder of a VC-funded startup that works out. — tap to centre the map on it About 5% is the most common final ownership stake for the founder of a VC-funded startup that works out. Last stated 3 months ago
18 Jul 2026
PL
Pieter Levels — holds since 2026-07-18 — tap for who they are
At the centre
User surplus and moat-deepening are first-order importance for understanding the arriving attention info-bio tech mode of production.
Holds Read this korrent →
User surplus and moat-deepening do not produce a hyperboom in measured GDP or an explosion in profits that justifies current market valuations.
Holds
The remaining business moats are proprietary data, network effects, distribution, hardware, capital, and regulation.
Holds
AI is creating user surplus and capital deepening, even if it is not yet showing up in TFP data.
Holds
Companies often use their cognitive surplus to advance their interests against those of some consumers.
Holds
Some software moats will remain like social media and ecommerce, but they will be used by AI to build personal software
Holds
The durable competitive moat in an AI-driven business is proprietary human-originated data, not the AI itself.
Holds
Data is a moat
Holds
A bubble can only be identified in retrospect, so arguing about whether one is happening now cannot be settled now.
Holds
A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate.
Holds
A founder who does not know their own goal dies by a thousand compromises and ends up running a company they do not want to work at.
Holds
A "good business" now means one that can display quarter-on-quarter stock growth, not one that makes good products at a fair price.
Holds
A high, stable dividend yield gives a stock's valuation a downside floor that growth stocks without dividends lack.
Holds
A society's prosperity comes from its productivity, not from the financial system or stock market.
Holds
A first-time founder has an advantage over a repeat winner, because past success makes it too easy to raise money and hire against a big vision before there is product-market fit.
Holds
A founder should take half the valuation if it buys all of the control, because the right to be wrong in your own way is what founding was for.
Holds
About 5% is the most common final ownership stake for the founder of a VC-funded startup that works out.
Holds