1. Launch revolutionary product

2. Sell into fragmented, undifferentiated market

3. Expand scope + vertically integrate

4. Expand into adjacent markets

Result: Own market share, pricing power & profits.

Chamath on $TSLA and $AAPL

This afternoon I imported a ton of archives from previous years and a few different places. Some posts are about things I had forgotten I knew, but it’s so nice to re-read them, for example this old analysis of Christianity and Alcohol. My thinking hasn’t really changed much since 2011, to be perfectly honest. But don’t read the old essays, those are embarassing; I will keep them up for skin in the game of course.