🔗 Source: Toys, Secrets, and Cycles: Lessons from the 2000s
TLDR:
- there is a strong correlation between (a) rich product design spaces and (b) what smart people find interesting (weekends, dinners, etc)
- product and financial cycles evolve mostly independently
- the timing is mostly dictated by product cycles, which follow their own internal logic and tend to be more predictable than financial cycles