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The Cooperation Economy 🤝
Cooperation is the winning strategy in the Great Online Game.
Packy McCormick • The Cooperation Economy 🤝
This is the key to abundant systems - it’s the optimal strategy.
In this case, traditional employment is becoming unbundled and people are choosing to bundle back up with each other. We’re doing it from a place of increased individual empowerment, with more flexibility and optionality baked in.
Packy McCormick • The Cooperation Economy 🤝
Liquid Super Teams are powerful because they increase talent density by lowering the commitment required of each participant. People who would never work for another person again happily join Liquid Super Teams from time to time.
Packy McCormick • The Cooperation Economy 🤝
While big funds need to have sharp elbows -- they need to prove to founders that their money is better than their rivals’ -- solo GPs can pull together Liquid Super Teams of other solo GPs who, together, would give the company a better chance of success. Companies like Party Round will make this even easier and more common.
Packy McCormick • The Cooperation Economy 🤝
But fluid doesn’t have to mean solo. In the Cooperation Economy, individuals can join forces to create Liquid Super Teams.
Packy McCormick • The Cooperation Economy 🤝
That writer or publication has one unique superpower: they are the only one of their kind. To use the strategic term, they are differentiated, and differentiated people – or products – can charge far more than their marginal cost. -Ben Thompson
Packy McCormick • The Cooperation Economy 🤝
As my friend Dror Poleg wrote in NFTs and the Future of Work, “Technology will make it possible to compensate each person according to their economic value. That’s pretty bad news for most people, and very good news for some.”
Packy McCormick • The Cooperation Economy 🤝
The takeaway is this: individuals have more power than ever before, and they depend on companies for their survival less than ever before. But I don’t think the real freedom here is working alone; it’s the freedom to choose how, and with whom, to work.
Packy McCormick • The Cooperation Economy 🤝
The Cooperation Economy is about what’s possible when many of those individual atomic units recombine in new ways, of their own volition. The Cooperation Economy is emergent; if companies are planned top-down, collaborations form and dissipate as needed. Individuals will come together -- formally or informally -- to create Liquid Super Teams, forme... See more