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- Effective take rate: What percentage of GMV can the marketplace capture as net revenue?

“The person who learns the most in any classroom is the teacher.

If you really want to learn a topic, then “teach” it. Write a book. Teach a class. Build a product. Start a company.

The act of making something will force you to learn more deeply than reading ever will.”

There are three user types in a token-curated registry and each has different interests, incentives, and interaction patterns towards the registry. Consumers desire high-quality lists. Candidates desire to be included in such lists. Token holders desire to increase the price of the tokens they hold.

For a person such as Hannah, it's far more valuable to get a few thousand people to pay her $4.99 directly than to have a shared model where she merely gets a few cents per thousand views.

It's far more valuable to 'get picked', but it's also much, much harder.

But this is the reality of the 'young creators' today. They are not talking about a Spotif... See more

We only talk about the bad stuff that the new technology does. “Oh my God, the video games, the children.” Meanwhile, the New York Times, who holds them accountable? Fox News, who holds them to account? Who's watching, who cares about the fact that these companies have the same exact incentive of getting people to spend as much time as possible wit... See more

Social capital shouldn’t be bought—but that doesn’t mean it can’t generate liquidity