Old world reputation: “How would you feel if your action was to be front page of the NYT tomorrow?” (Buffett’s newspaper test)
New world reputation: “How would you feel if your action was to be revealed on-chain tomorrow?” (Because it will be eventually…)
The next wave of big consumer companies will be community-based products:
- Niche, not everything to everyone
- Unique aesthetic
- Built-in community
- More memorable than big platforms
- Rewarding loyalty
- Unbundling large platforms
- An experience not a transaction
- Fun
LinkedIn is being unbundled. COVID is accelerating it like crazy
The next version(s) of LinkedIn is:
- Vertical-specific
- Allows members to proudly share work
- Incorporates status
- Has weekly utility for dayjob
- Enables members to make incremental $
It's finally happening