Lillian Sheng

For the MCNs, it’s essentially an early-stage VC investment. If it incubates 100 livestreamers simultaneously and only one becomes a breakout, then MCNs need to capitalise on that success. The MCN needs to recoup the cost of the other 99 livestreamers from the sole success to keep the business afloat. The reality is that no company wants to be in a... See more

Paying attention to the froth

Moreover, with social media, individuals can customize and optimize their information environments, such that they only virtually see the information they want to see and only meet the people they want to meet. To formulate it differently, individuals can easily avoid information and people they do not wish to encounter online. The evolution in... See more

1. StorytellingMany companies in their early beginnings rally people behind anything but the actual product.But Clay rallied people behind a story: David Rockefeller (third generation of the Rockefeller family) gathered over 100,000 index cards without ver 200,000 meticulously crafted notes of every person he had met throughout his life. The... See more

The best examples from the last two decades are Google and Facebooks’s multi-sided network effects. People prefer searching and connecting with each other on these properties, so advertisers and content creators keep using them. It creates a virtuous cycle, and makes the self-interested move on every player’s part one that reinforces these... See more

How Seth makes sure to ship work that is important enough

alibaba made livestreaming a central part of its core apps early on and relentlessly invested.

Hypothesis 2: The "bad taste" hypothesisThe "bad taste" hypothesis says that conventional wisdom on what art and science were "great" is consistently screwed up and biased toward the past.