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Framework Ventures: “Powerful shifts in technology or investing begin when either a new type of computer is adopted or a new type of asset class is institutionalized. Crypto is powerful because it is both a new type of distributed computer for developers – blockchains, and also the conduit for an entirely new asset class to be created – tokens. When a new computer is invented, we see new tech paradigms like cloud, social and mobile that enable new uses of technology. When a new type of asset is institutionalized, we see new types of investors and markets. We have never seen both of these things occur simultaneously before, and the crypto use case acceleration speaks volumes. In the 2017 bull run, blockchains were only used to transit assets to and from centralized exchanges, and Tether was still on Bitcoin. During the 2020 DeFi Summer, people used smart contracts in groups for the first time amidst a Cambrian explosion of new financial primitives built atop Ethereum. In 2021, we saw millions play Axie Infinity every day to earn a livable wage, creating a self-sustaining global neoconomy with their own native currency. We are accelerating towards a future where blockchain is as ubiquitous as the internet, and as disruptive as the invention of the joint-stock corporation.”

Charles Blow offers career advice: “Try to be the best at what you do. The money will take care of itself…In business, persistence pays off…Others may have more advantages than you, but no one has more hours in the day than you. No one can outwork you unless you let it happen…Find your workplace tribe…No one cares about your disadvantages. Overcome them…Managers must be managed.”

Shankkar Aiyar: “Currently India’s working-age population – classified as those between the ages of 15 and 64 — is in excess of 925 million. The Economic Survey reveals that the number of persons active in the labour force at around 518 million. The gap, the missing hands, essentially reflects the edging out of women from the workforce. It is said women hold up half the sky. Yet barely 19 per cent of Indian women of working age participated in the labour force in 2021 as per the World Bank. The question which must haunt India and its policymakers is can a nation harness its potential when women stay out of the labour force. To appreciate the starkness of this gloomy picture one must consider data on labour force participation rates of other countries. India is in the company of Pakistan and Somalia. In female workforce participation rate India ranks worse than Saudi Arabia at 31 per cent, Turkey at 32 per cent, Bangladesh at 35 per cent, Myanmar at 41 per cent, Uzbekistan at 45 per cent, Malaysia at 51 per cent, Mongolia at 51 per cent, Thailand, at 59 per cent. Even countries in Sub-Saharan Africa fare better…India trails all its peers among the BRICS nations on female workforce participation rate — China is at 62 per cent, Russia is at 54 per cent, Brazil at 49 per cent, South Africa at 46 per cent.”

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Rajesh Jain

An Entrepreneur based in Mumbai, India.