Sequoia Productive Capital

Sequoia’s transformation of its venture capital model is actually a shift from financial capital to productive capital

Instagram’s Evolution

Instagram’s shift away from being a photo-sharing app is very much inline with the service’s continuous evolution.

The Lightness of Windows

The Windows 11 announcement was fun and interesting, but there is a reason that Windows is no longer the center of Microsoft’s business.

Distribution and Demand

Distribution on the Internet is free; what matters is controlling demand. AT&T and Verizon didn’t understand the distinction.

Cloudflare on the Edge

Cloudflare is uniquely positioned to become a major player in an Internet 3.0 world, where politics matter more than economics.