3,000 Piece Puzzle: A Lesson in Complexity


This post is by Continuations by Albert Wenger from Continuations by Albert Wenger


Click here to view on the original site: Original Post




NOTE: Excerpts from World After Capital will resume next Monday

We just returned from a wonderful week skiing. One of our family traditions is to all work together completing a puzzle. It’s a fun activity that involves a surprising amount of teamwork, such as finding pieces that belong in a part of the puzzle someone else is working on and trading off working on different areas.

We had always picked 1,000 piece puzzles. This time we wound up buying a 3,000 piece puzzle. After all, how much harder could it be? Well, a lot harder as it turns out. As a rough approximation nearly 10x as hard!

Here is the puzzle in a semi-finished state. That’s as far as we got before the vacation ended, despite spending quite a bit of collective time on it.

There is a good business and life lesson in this. As you add more parts Continue reading “3,000 Piece Puzzle: A Lesson in Complexity”

3,000 Piece Puzzle: A Lesson in Complexity


This post is by Continuations by Albert Wenger from Continuations by Albert Wenger


Click here to view on the original site: Original Post




NOTE: Excerpts from World After Capital will resume next Monday

We just returned from a wonderful week skiing. One of our family traditions is to all work together completing a puzzle. It’s a fun activity that involves a surprising amount of teamwork, such as finding pieces that belong in a part of the puzzle someone else is working on and trading off working on different areas.

We had always picked 1,000 piece puzzles. This time we wound up buying a 3,000 piece puzzle. After all, how much harder could it be? Well, a lot harder as it turns out. As a rough approximation nearly 10x as hard!

Here is the puzzle in a semi-finished state. That’s as far as we got before the vacation ended, despite spending quite a bit of collective time on it.

There is a good business and life lesson in this. As you add more parts Continue reading “3,000 Piece Puzzle: A Lesson in Complexity”

Days of Reckoning


This post is by jlk from The Barefoot VC


Click here to view on the original site: Original Post




The past couple of weeks have seen a flurry of activity in the blockchain and crypto markets:

  • Yesterday, the WSJ published an investigative report that looked at money laundering in the crypto world. Of over $88M of illicit funds it tracked, $9M went through Swiss based exchange Shapeshift. Perhaps related to this investigation, Shapeshift announced a few weeks ago that it would require registration on its exchange. While 2017 was truly the “Wild West”, the growth of the sector (and its reluctance to self regulate) has led to the 2018 being the year of reckoning and increased scrutiny…
  • Bitmain, the world’s largest crypto mining company, filed for its IPO on the Hong Kong stock exchange. While the company’s numbers reflect massive growth in 2017 from the crypto bull market, the prospective also noted $1B of surplus inventory due to slowdown in the market as well as a loss from its Continue reading “Days of Reckoning”