Photo by Aleksi Räisä on Unsplash

1729 recently published an article “Founding vs. Inheriting”, written by Balajis, who matter of factly claims institutions in the USA, are either inherited or founded. Balajis describes Institutions which are inherited as legacy “East Coast” institutions like Wall St. Banks or political circles. In contrast, “West Coast” institutions are built by Founders. The article further implies “East Coast” or legacy institutions are failing as their value is only upheld through a legacy of nepotism whereas “West Coast” newly founded institutions are winning as they are won by merit of the marketplace. Historically over the long term, values held by way…

Chris Skerik

Looking to make a difference as we get ready for a decentralized world

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