Interessant3 #126
🚀 Supersonic Startups, 🎭 The Trust-Diversity Paradox, 🏗️ Africa’s Unfinished Buildings | Three Interesting Things for W/C 2025-02-02
The first long-form post on Interessant3 is now free to read for all subscribers:
🚀 From Groupon to Supersonic: The Bold Journey of Boom
How does a product manager from a coupon company end up building a supersonic jet? Blake Scholl’s story is a masterclass in first-principles thinking, perseverance, and daring to challenge industry norms. This fascinating thread traces his journey—leaving a stagnant tech job, self-teaching aerospace engineering, and convincing investors that supersonic travel is viable once again. With $25B in pre-orders, Boom Supersonic is making history.
🎭 The Trust-Diversity Paradox: Is the Debate Overblown?
Does diversity erode trust? As we shared last week, Robert Putnam’s research suggests a strong link, however economist
argues the effect is vastly overstated. His analysis of Putnam’s data reveals that factors like home ownership, crime rates, and commuting times have a far greater impact on trust than diversity. If true, the policy focus should shift away from diversity debates and towards structural reforms that actually improve social cohesion.🏗️ Why So Many Buildings in Africa Are Left Unfinished
Across Africa, skeletal high-rises and half-built homes are a common sight. The reasons are complex: weak property rights, economic instability, and a “build-as-you-can-afford” mindset. Unlike in the West, where developers rely on mortgages and large-scale financing, many African builders fund projects in small, incremental steps—leading to long, uncertain timelines. Personally, I always assumed the reason was simply poverty, and not primarily a consequence of poor property rights and lack of debt financing.
🔗 Read the full analysis [paywall]
Join us next week for three more intriguing topics that challenge the norm and expand your horizons! ✌️
🌟 Sponsored by PopaDex
Discover a smarter way to securely manage your finances with PopaDex. Our platform automatically consolidates all your financial data into an intuitive interface, giving you a clear view of your net worth and empowering smarter budgeting and investment decisions. With advanced encryption and anonymisation, we prioritise your data privacy, ensuring secure storage and transmission.
Explore more at popadex.com.