Some problems are 0-to-1.

· Bits and Bobs 11/24/25
  • Some problems are 0-to-1.
    • When you get to 90%, you still have 0 return.
    • It's not until 100% the value unlocks.
    • Other problems are "incremental work unlocks incremental benefit."
    • Tightening vs innovation.
    • The first kind of problem is what is necessary for a technical breakthrough.
    • A nice characteristic of ecosystems: they have the "marginal investment gets marginal benefit" but also have compounding returns!