I’m ready for Act 3!! Check out Amber’s vision for how tech for our essential industries will transform
In 2011, Marc Andreessen famously proclaimed, “Software is Eating the World.” The thesis was that internet startups were “poised to take over large swathes of the economy,” and make all the failed dreams of the dot-com era (Act I) finally come true.
Andreessen was at least half right. In the decade that followed (Act II), software companies like Apple, Microsoft, and Google ascended to become the most valuable in the world. Billions of people did indeed buy smartphones, as predicted. And entire industries—news, entertainment, travel, communications, retail, productivity, finance, and more—were swallowed whole by software.
But software still hasn't eaten everything. The industries that form the foundation of the American economy—healthcare, logistics, construction, transportation, manufacturing, etc—are still waiting for the revolution. Just ask any consumer trying to find the right specialist at a hospital, or get insurance for a leaky roof. All across America, we are confronted with the type of antiquated, complex bureaucracies that we thought software would fix. The pandemic revealed how brittle our systems are. It’s now clear our foundations are crumbling.
But there’s good news: we are now on the precipice of Software's Third Act, in which startups will finally deliver on the dream of transforming the economy’s foundational industries. Identifying, backing, and supporting these companies is my life’s work, and inspires everything we do at The Council Fund.
In the full essay (linked below), I cover:
⏳ why Act III is finally the time for software to transform essential industries
🦿 which founders will have a leg up in Act III
🌁 why Silicon Valley will still be center-stage in Act III
🧗 how companies can scale vertically vs horizontally
🌟 how we @thecouncilcap support them
love this new credits feature on Apple Music (iOS 17). Producers and folks behind the scenes deserve more love!
Right now, you can’t tap on a producer to see other songs they’ve produced, but seems like an obvious next step. Think that will be a cool way of finding new music
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Tome is a pretty amazing place to be a designer! If you’re curious about what it’s like to design at Tome, give this a listen ↓
(my DMs are open 👋)
🎙️Founding designers set the tone for a co’s product vision & ensure quality is upheld from the beginning. How do you build this team? @magicaltome co-founder & CPO @hliriani & @GreylockVC’s @Katy_Ayama share best practices on the latest #greymatter
bit.ly/3ICpdgO
Big day for Tome! We'll be dropping exciting new features at an even faster pace.
We’re accelerating the future of storytelling with new funding led by @lightspeedvp.
What does this mean for you?
→ More product investment, shipped faster
→ Expanded & refined AI capabilities
→ Smoother transition from idea to compelling visual story
Let’s dive in 🧵
Can’t wait to see what people do with this ✨
Amber is relentless in finding the best startups and does everything in her power to help them succeed! I get a firsthand look into all the hard work that goes on behind the scenes and it’s no joke. So proud of you and can’t wait to see your portfolio companies grow. 🤩📈🎉
Replying to @AmberIllig
Thank you @MarijaButkovic for covering our launch in Forbes! I couldn't have pictured a better way to announce.
forbes.com/sites/marijabutko…
When I told the team @magicaltome that I was going on pat leave, I obviously had to do it in a tome
tome.app/tome/brians-paterni…
↓ sneak peak of some upcoming features 🤫
Big news – @AmberIllig and I are expecting a baby girl very soon!! If you have advice or tips etc I'm all ears 🙏🎉👶
Replying to @ChasingUX
@ChasingUX has been doing some amazing work on this. Cool to see it evolve — coming soon!
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Replying to @ramaworks
@ramaworks products look pretty great in Tome 😍
tome.app/cl177gj555826604j7z…
I've been working on Tome for about a year, and I've been floored by the team's talent and determination. Proud of the product we’ve built and psyched to launch today!
Learn more at tome.app
Support us on Product Hunt producthunt.com/posts/tome
Follow @magicaltome
Replying to @linear
@linear @karrisaarinen would be nice to be able to add links (and soft breaks) for project descriptions. I'm looking to add some key links for easy reference at the project level, rather than having to link them in every task in that project.
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Replying to @rogie
@rogie @figmadesign I wish that variants had search and a visual preview like components do
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most important & least understood fact
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