Too funded to fail: Crypto needs a forest fire
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“Growth in revenues cannot exceed growth in people who can execute and sustain that growth.”
— Packard’s Law
Arboreal ecosystems operate on a brutal but necessary paradox: For a forest to grow, it occasionally needs to burn.
Without these seemingly-apocalyptic conflagrations, the forest floor becomes choked with underbrush, preventing the new growth needed for regeneration and long-term viability.
Dion Lim says this is how technology cycles work, too.
“The first web cycle,” he explains, “burned through dot-com exuberance and left behind Google, Amazon, eBay, and PayPal: the hardy survivors of Web 1.0. The next cycle,…
