At Worm Capital, we believe we’re living in a new era of possibilities, opportunities, and casualties. A fully connected world with endless innovation means that competitive advantage is changing and being redefined. With a multitude of verticals up for grabs, many established incumbents are being challenged by quicker, younger upstarts. This consequence appears likely to us: a mind-blowing redistribution of wealth in the stock market as old guard, stuck-in-the-past business models could yield to those who lead innovation and change. We view it as the stock market’s version of the Cambrian explosion. Given the scale and breadth of disruption we believe is yet to come, we have designed our strategies based on our optimistic, future focused approach. We think the next five, ten, even twenty years are compelling and believe investors should seek opportunity with earnest. Investing in this dynamic environment will be challenging, and we’re willing and excited to meet this challenge with the goal of building our clients a better position in the future.