Capital Allocation
What projects are most important to prioritise for what reasons?
Risk vs Reward
Google calculation for re-investment strategy to balance for risk vs reward.
| Amount | Notes |
|---|---|
| 70% | Core business |
| 20% | Adjacent |
| 10% | Experiments |
Context
Questions
What is the most important question this topic raises that current discourse tends to avoid or understate?
- Which assumption in the standard framing of this topic is most likely to be wrong in a 5-year horizon?
- How does the DePIN or agent-native lens change what matters most about this topic?
- Which first principle, if violated, would make the analysis of this topic fundamentally incorrect?