🚨Big announcement today: Bolt raises $393M.
Wow.
A couple years ago, I didn’t know if we were going to make it.
Now we have $500M+ on the balance sheet.
I wanted to share a bit more about where we've been, but more importantly where we're going 👇👇👇
However, as the industry evolves, the line between sports and esports is becoming increasingly blurred: Traditional sports franchises are starting to embrace esports options, and there has even been talk about esports being included in the Olympic program.
Time is universal and naturally limited making it the most equitable resource – everyone has the same 24 hours. NFTs can take a page from the Runescape playbook by integrating time or labor-intensive tasks into how they are earned. To date, acquiring most NFTs simply requires capital, creating an NFT culture built around money as opposed to merit.
Another week, another $0 earned by creators. So we're making big changes.
We've been seeing low conversion rates on trying to get in touch with creators who are monetizing on other platforms.
What we're offering doesn't seem to be resonating yet
I now pay for 4 @SubstackInc newsletters which is ~4x my annual @nytimes subscription.
2 realizations:
1) the medium (newsletters) is personal, provides discourse & connects creator & consumer. it's an ideal model
2) cost modeling, need for bundling will be tested very soon
The dream isn’t just to show all of ourselves unfiltered to the world. It’s to find a character that we feel comfortable being, that we deeply resonate with, and if we’re lucky, some part of the world might too.
When outcomes suffer, there's more and more pressure to identify the problem. There's more and more pressure to identify that single thing causing the problem. Finger-pointing increases. Scrutiny increases. Trust decreases. Transparency decreases. People become more territorial and more defensive.
As outcomes suffer, the team loses confidence in the... See more