Arrow icon
Ness Labs: Make the most of your mind
Learn more about Joggo

A Summary of

Compounding Crazy

by
Packy McCormick
Not Boring
View original

The past month there have been crazy events occurring around the world that make it feel like we are in a sci-fi universe. People are going space, and valuations are consistently in the billions. In another decade things today will seem normal and the new things will be crazier.

Die Progress Units and the Law of Accelerating Returns

  • Human progress is exponential 
  • The law of accelerating returns suggests that the rate of change of progress accelerates because humans can use technology at their disposal to progress faster than previous generations could without technology
  • We often think of history as straight line which is an incorrect assumption
  • The trajectory of a very recent history often tells a distorted story
  • Our own experience makes old men stubborn about the future
  • Human knowledge compounds

The Venture Funding Rorsach and $320T Global Markets

  • More VCs are investing in startups than ever
  • All of the unicorn startups in the world are now worth more than the total market cap of Apple
  • All of the world’s equities have 100x since 1970s in market cap

The Compounding Colossus

  • Every invention is apart of the latest chain of compounding inventions
  • AI and the future of scaling will be interesting
    • Starlink may allow everyone in the world to get wifi for $5 a month
  • Compounding happens extremely quickly
Related content
See all posts
Arrow icon
/
/
Lenny's Newsletter

Community Wisdom: Transitioning from IC to PM manager, visualizing your product flows, negotiating salary, effici…

Read more
/
Packy McCormick
/
Not Boring

Compounding Crazy

Read more
/
/
Stratechery

Olympic Ratings, Google Earnings, YouTube and Brand Advertising (Stratechery Daily Update 8-2-2021)

Read more
/
Gigi Levy-Weiss, James Currier, Pete Flint, Josh Elman, Chris Anderson
/
NfX

Viral Effects Are Not Network Effects

Read more
/
/
NfX

An Epiphany about Network Effects

Read more