The best investment you can make is in businesses where there is enormous complexity on the surface but the core business is actually simple.
Every state has its own licensing board with its own database in its own format. We built connectors to all of them. It was as fun as it sounds.
Complexity is where the opportunity lives. Simple situations attract too much competition.
Complex systems don't fail gradually. They fail suddenly. The snowflake doesn't cause the avalanche — the mountain does.
600 million people across six countries. Six languages, six currencies, six regulatory systems. That's the challenge.
$13 billion valuation for process mining. Most people can't explain what it is at a dinner party.
ISAs sound simple: pay when you earn. Collecting across 50 states with 50 different regulations is a nightmare.
Multi-language, multi-currency, multi-marketplace. Latin American e-commerce is inherently complex.
The most profitable investments are the ones nobody else wants to touch. Complexity is a moat.
Restructuring is not just finance. It’s negotiation, politics, law, and psychology all at once.
We like things where there's a lot of change and with change there's a lot of complexity, and with complexity there's an opportunity to create a dollar for fifty cents.
This is why we say that Ethereum's complexity may be a curse.