For platforms, the idea is simple: use company revenue to fund a Universal Creative Income program for emerging creators on the platform. For instance, companies like Facebook or YouTube could carve out a fund to support creators on the platform and send them a monthly check to cover basic living expenses, regardless of skill, training, or backgrou... See more
Long sales cycles — Large buyers in infrastructure, industrial, and national security sectors have tended to buy through intermediaries, and typically only from large corporations who ‘check off all the boxes’, e.g. Prime contractors, Tier 1 suppliers, Consultancies etc. It is time to change that, and in addition to a small business grant program, ... See more
Many people heralded the ubiquitous access to first rate educational materials as a ‘college killer’. Indeed, some people still think that MOOCs will replace colleges in the future. But, according to Ray, “people don't generally don't go to college for the content. They go to for college for almost everything except the content.”
Spotify’s main form of compensation is the promise of exposure. Put your music on Spotify and it’s instantly available to 138 million subscribers, a veritable nation-state of potential listeners. But with that promise comes the relinquishing of even more control. Reaching any of those listeners depends primarily on Spotify’s recommendation systems;... See more
Firms (and its many incarnations, like agencies, salons, etc) are a relic of a time when skilled professionals didn’t have easy-to-use tools to handle operations, manage clients, and grow their businesses. There were no social graphs or systems to track reputation. For the first time ever, a truly independent career is possible, which calls the exi... See more
This creative accounting suggests that wasting less food would somehow undo all of the harms of food production. But the nutrient cycle does not care whether or not you clean your plate. All the environmental impacts that brought that meal into being are done deals; in the parlance of introductory economics, they are “sunk costs.” In focusing so mu... See more