business

Nvidia is one of the largest companies in the world, frequently taking the top spot. It’s revenue is growing at an astonishing rate, with margins better than a lot of pure software businesses - something usually unheard of for hardware companies. All of this is on the back of a massive AI hype cycle. During a gold rush, you should sell picks and shovels. Nvidia is selling bulldozers. In this post, I will dive into the components of Nvidia’s competitive moat, its strengths and weaknesses, and the competitors trying to cross it....

A Time Capsule of Startup Interviews “Founders at Work” by Jessica Livingston is a chronicle of startup stories, mostly from startups in the 80s and 90s. The book consists of a series of interviews between Livingston and the founders or early employees of various startups. It feels similar to tuning into a podcast from a decade or two ago, reminiscent of modern equivalents like “How I Built This” or “The SaaS Podcast”....

Kodak was once the dominant player in the photography industry, selling disposable cameras, film cartridges, and developing photos. However, they failed to invest in digital cameras, which they had invented. They were making so much money on film that they didn’t want to speed up the process of making the old technology obsolete. This approach made sense to Kodak, but customers increasingly preferred instant digital photos. Now, most Gen-Zs have probably never heard of Kodak....