The document discusses the growth of APIs and argues that APIs need to adopt HATEOAS (Hypermedia as the Engine of Application State) principles in order to become browsable and drive mass adoption. It outlines how relationships between resources are important for enabling browsability, versionless APIs, and network effects. The author describes their company Elastic Path's past failed API efforts and its Cortex API engine, which was built to help implement HATEOAS principles and address issues they encountered with other frameworks.