ravidsrk

Sequoia Capital's "Services: The New Software" Thesis — Deep Research Report

Primary Source: Services: The New Software by Julien Bek, Sequoia Capital — Published March 5, 2026 Reading Time: 7 minutes (original article ~1,400 words) Research Compiled: April 2026

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1. Core Thesis

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Keybase proof

I hereby claim:

• I am ravidsrk on github.
• I am ravidsrk (https://keybase.io/ravidsrk) on keybase.
• I have a public key ASAV6LcXbZuWsvh6h_S6dSNoAVSavsR9fzS2bcfduWsquwo

To claim this, I am signing this object:

ravidsrk

const _ = require("lodash");
const BnbApiClient = require("@binance-chain/javascript-sdk");
const kava = require("@kava-labs/javascript-sdk");
const bnbCrypto = BnbApiClient.crypto;
const KavaClient = kava.KavaClient;
const kavaUtils = kava.utils;

const BINANCE_CHAIN_API_TESTNET = "https://testnet-dex.binance.org";
const BINANCE_CHAIN_DEPUTY = "tbnb1et8vmd0dgvswjnyaf73ez8ye0jehc8a7t7fljv";
const bnbAddress = "your binance chain testnet address";

ravidsrk

# Quickly fix one file
npx prettier --write your-file.html
# Quickly fix all files of one type
npx prettier --write src/**/*.{js,jsx}

ravidsrk

Migrations & Seeding

What are migrations??

Migrations are a way to make database changes or updates, like creating or dropping tables, as well as updating a table with new columns with constraints via generated scripts. We can build these scripts via the command line using knex command line tool.

To learn more about migrations, check out this article on the different types of database migrations!

Creating/Dropping Tables

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package main

import (
	"fmt"
	"net/http"
	"sort"
	"time"
)

// a struct to hold the result from each request including an index

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export const contracts = {
    "0x1d462414fe14cf489c7a21cac78509f4bf8cd7c0": {
        id: "canyacoin"
    },
    "0x5f3789907b35dce5605b00c0be0a7ecdbfa8a841": {
        id: "content-and-ad-network",
    },
    "0xdd974d5c2e2928dea5f71b9825b8b646686bd200": {
        id: "kyber-network"
    },

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sudo apt-get install openssl libssl-dev libudev-dev
sudo apt-get install software-properties-common -y
sudo add-apt-repository -y ppa:ethereum/ethereum -y
sudo apt-get update
sudo apt-get install ethereum
bash <(curl https://get.parity.io -L)

parity — cache-size 62000 — warp — jsonrpc-interface "206.189.140.131" — jsonrpc-apis "all" — ipc-apis "web3,eth,personal,pubsub,net,parity,parity_pubsub,parity_accounts,traces,rpc,secretstore" — jsonrpc-port "8545" — mode "active" — chain "mainnet" — min-peers 50 — max-peers 200

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Not all random values are created equal - for security-related code, you need a specific kind of random value.

A summary of this article, if you don't want to read the entire thing:

• Don't use Math.random(). There are extremely few cases where Math.random() is the right answer. Don't use it, unless you've read this entire article, and determined that it's necessary for your case.
• Don't use crypto.getRandomBytes directly. While it's a CSPRNG, it's easy to bias the result when 'transforming' it, such that the output becomes more predictable.
• If you want to generate random tokens or API keys: Use uuid, specifically the uuid.v4() method. Avoid node-uuid - it's not the same package, and doesn't produce reliably secure random values.
• If you want to generate random numbers in a range: Use random-number-csprng.

You should seriously consider reading the entire article, though - it's

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Principles of Adult Behavior

1. Be patient. No matter what.
2. Don’t badmouth: Assign responsibility, not blame. Say nothing of another you wouldn’t say to him.
3. Never assume the motives of others are, to them, less noble than yours are to you.
4. Expand your sense of the possible.
5. Don’t trouble yourself with matters you truly cannot change.
6. Expect no more of anyone than you can deliver yourself.
7. Tolerate ambiguity.
8. Laugh at yourself frequently.