Hey, happy Monday!
This note will be short, like the time left at the end of the year. Like the time we have left to get the numbers right.
Each week we go through one layer of the organization.
In this note I have collected notes on the top layer, the Profits layer.
This is the point at which results materialize and all strategies are measured.
In this layer, the numbers are accessible to only a few people.
Yet, if only they had been, they would have allowed us to make different decisions.
But brace yourself for what I am about to say, many companies are not prepared for this….
What if they were also deciding how to grow and what to innovate?
Yes, those in offices that do “just the math.”
What if instead of looking at those numbers as financial results, we interpreted them as signals?
What if those in “administration” were also invited to design the future?
What if we go to practice?
ALWAYS MAKE PROGRESS
● PROFITS / From the block
Master of Coin
Zach Kirkhorn is Tesla’s CFO but Elon Musk changed his title to “Master of Coin” in a memo after his $1.5 billion investment in Bitcoin last February, but also probably because of his non-marginal contribution to the company’s innovation.
The most interesting things are happening in the world of decentralized finance from which we can take inspiration for the future of business.
Proof of Profits
It is precisely when innovations enter people’s wallets that they become immediately tangible, understood and adopted.
Proof that there is profit attracts entrepreneurs to invest. This has always been the case.
Technology and Design are often islands separated from the mainland where inventions crash on the rocks of numbers that don’t come in.
Many teams live there thinking they can thrive in isolation. They are wrong.
And it is not enough to talk about value if there is no strategy to make it materialize.
Did you realize that cryptos have a design and technology that rocks?
The way things are going, those doing business, at any level, will necessarily need to know how this part of finance works and be very strongly inspired to remain competitive.
No one talks about Digital Transformation anymore because this is the new transformation.
Unlike the previous one, it is not enough to equip employees with computers and ask them to fill out forms.
This time the transformation is at a deeper level. New technologies are challenging the way people make decisions and cooperate together: trustless, permissionless, decentralized…
This transformation is still invisible. It is made of code that permanently resides in the cloud. Stable, inviolable by definition. The threshold of entry is very high. That is why they seem so difficult to understand.
Companies as a result will have to learn to be different again.
Instead of having a military hierarchy, teams could be organized into DAOs, Autonomous and Decentralized Organizations, or as Ethereum explains it, an effective and safe way to work with who you want, where you want. Global access to talent.
Your next colleague may have only a nickname and a wallet to log into company systems. Both of you could be hired through smart contracts and receive tokens with which the organization will distribute profits.
Those who work in administration will no longer just need to know how to get into Internet banking and invoices-in-the-cloud but will need to understand what a corporate wallet is and how to use it to accept payments, settle invoices and pay taxes in crypto.
Marketing will learn to create NTFs instead of carousels on LinkedIn…
Everyone will be called upon to add their own block to the chain.
The future is exciting.
● PROFITS / Profitable distractions
📻 OK Spotify Unwrapped is beautiful but after seeing all the shares I didn’t dare say that. So I’ll leave it to this AI that will tell you how much they do 💩 your likes.
🍫 Square is now called Block and will continue to “build the tools to increase access to the economy” with its building blocks: Tidal, Cash App, TBD, and Square.
🏀 Krause House is a DAO who has decided to buy an NBA team. What it means. That with Web 3.0 people come together and cooperate to own what they are passionate about. In the Flightpaper they explain it all.
🤷🏻♂️ Although Elon Musk says that “Web3 sounds like bs.”
⚛️ Only 18 companies in the world share 2.4B of funding to create the nuclear fusion reactors of the future.
💬 Fifty percent of the messages that of Facebook Messenger come from Cambodia because it is too complicated to write in Khmer with a cell phone, accidentally UX.
