Lillian Sheng

Benefits of standardization

The above problems with social media in turn generate massive costs for platforms, in the form of gigantic moderation teams made of tens of thousands of people, severe damage to platforms’ brands, and openings for competition to find more efficient means for distributing content. And no platform has been better at exploiting the weaknesses of... See more

RSS has also been instrumental to enabling the consumption side of podcasting. Virtually all of the world’s podcast listening apps that exist in the world of podcasts (such as Apple Podcasts, Spotify, Overcast, and many others) support the ingestion of RSS-powered podcasts. The benefit of doing so is huge: if a podcast listening app adopts this... See more

1. Introduce frictionInstead of filling out a form to get on HEY's waitlist, those who wanted access had to send them an email. Seeing HEY's overwhelming success with this approach, Alex Hillman of Indy Hall decided to give it a shot with his new book, Tiny MBA. He put out a few posts on social media inviting people to email him if they were... See more

2. Building productsAmount of attention to detail and craftsmanship that went into building the app is obvious. 

Another area of opportunity is social, and owning more community interaction around NFTs. Today, most NFT marketplaces focus on the transaction itself, while the initial stages of creating purchase intent or sparking inspiration happen on other platforms like Discord and Twitter. The user experience is clunky and disjointed: users have to check... See more

Lambda School enables students to sell a piece of their future earnings in exchange for tuition. The school teaches in-demand skills such as web development and data science. Courses can be completed remotely and are highly practical, focused on getting students hired once they complete the course.

Well, so much for Carson’s three prescriptions. Here are four more prescriptions from Munger:

By combining NFTs and social tokens, and in some cases Web2 and Web3 infrastructure at large, these DAOs early frameworks could serve as templates for other DAOs outside the music industry.