This article gives a good overview of how Tier-2 India is using the internet
"For many people the phone offers an unsurpassable opportunity for turning otherwise empty time into something enjoyable"
This week's subject line is from the article.
A notable observation that many developed countries thought the internet would help those in poverty work their way up the economic ladder, e.g. farmers looking up weather patterns, children without textbooks learning via Wikipedia. However, those in poverty first gravitate towards phones for entertainment (video, games, messaging).
It's this idea of "timepass" that is actually driving social mobility – due to increased connectivity.
A thought-provoking read that explores challenging base assumptions about how we think.
Western thought leans towards thinking through the frame of mechanical reasoning: systems composed of component pieces assemble together to create a cohesive whole.
Eastern thought takes a more biological lens: rather than the idea of architects designing systems, Eastern thought reasons in terms of "organisms". Here, the emergent systems are more dynamic and can take on a life of their own.
Relevant in the context of the market we build for.
Great story of how he invested $3mn in Uber (worth $70mn today). He wanted to invest more but Travis Kalanick wouldn't let him, so he wired another $5mn to the Uber bank account. It didn't work. But I respect the hustle.
The man has built an empire. And it's no accident.
He realised where the value was in the music business and, rather than lend his name out to sponsors, he put himself behind businesses across industries: fashion, records, liquor, music streaming.
Yuvraj holds a special place in my heart. While I was at boarding school in England, Yuvraj hit Stuart Broad for 6 consecutive sixes – and I haven't felt as smug as I did around all those English boys!