#550: Andrew Chen — Metaverse, Metrics, and Meerkats

Incentives to create content drastically improve when the creator has clear income opportunity rather than creating for views/engagement

What are the right metrics to use?

All day, every day he would live to stream his life

Network Effects are the foundation of many great Silicon Valley technology companies/ You need users to make a product work – network effects are the results of positively connecting people through technology which organically makes that technology better.

Understand what people actually use your product for – define your high-value users

For startups, you learn a lot more from direct marketing to acquire one unique customer at a time

We are entering a new age of creative work – pay the creator, not the company

Twitch started as ‘JustinTV’ named after the founder, Justin Kan

You never know who your writing will reach, writing today is extremely scalable

Incentives to create content change when there are clear economic opportunities