This is how you entrench inequality:
We let the poor “invest” in lottery tickets, sports gambling and casinos but not startups.
The first three are perennial losers. Startups have returned 15% over the past 50 years.
Prediction: virtual economist will be one of the most in-demand jobs of our time 👩💼🔥
As web3 grows and games become virtual economies where millions live and work, designing systems where users feel rewarded for time spent will be a critical skill
Short thread 👇
Today’s social startups don’t start off as networks. They start off as standalone apps. These products enable users to create a corpus of content first. They then connect the users with each other as a consequence of sharing that content.
there is no software equivalent of a Rolex watch or a Louis Vuitton handbag. People aren’t willing to spend money on things other people can’t see they spent money on.
The fact is that I love RPAN. I love interacting with the streamers and the commenters. I love that RPAN has given people the ability to open a window into a portion of their lives, celebrate the beauty of the mundane, and forge genuine connections in a time when people feel disconnected. All of these things are incredibly precious to me, and if I ... See more