sari
A week ago, OnlyFans posted that they had paid out $700M to creators lifetime to date. Now the headline image says $725M. At a 20% take rate and with the approx timeline, thats ≈$800m-1.5B GMV run rate and $150-300M revenue run rate. This is a billion dollar media company.- Thesis: in twenty years, you won’t know what most people look like other than people you’ve met in person. Everyone goes to avatars and pseudonyms to protect privacy. Already happening, especially among the young.
- Thread: “Fake it til you make it” is a key strategy for overcoming the chicken-and-egg problem of starting a new marketplace, popularized by companies like Uber and Yelp. The idea is to bootstrap one side of the marketplace inorganically in order to attract the other side.
- @netflix DON'T MESS THIS UP! You have one of the most unique opportunities to execute monetization on a global content platform ever. DON'T TAKE A GENERIC ADS APPROACH!!! My brain on how to think about ads from a customer and product first approach on Netflix. ... 🧵
this insight from Visa:
when you have a game-changing insight you’ll often have to repeat it for 5-7 years before people start to really get it
- Being a great manager is easy. All you have to do is be vulnerable but unflappable, care about people but put the business first, balance competing interests of your team and your boss, obsess over numbers but be a great storyteller, empower your team but give clear direction…
- There’s this cool idea in software that you “ship your org chart ” called Conway’s law: “Organizations, who design systems, are constrained to produce designs which are copies of the communication structures of these organizations” I’d offer a similar law for investors: “you… Show more
and I’d offer a similar law for companies - your company mimics the incentives of its investors.
Instagram - "the social aspect could be good...although I have no friends :("- I can't believe this needs to be said but being decentralized and/or having a token is not a replacement for building things people want
- Speaking as a creator, the crucial ownership question in a social network is not whether I own my content (and can take it with me) nor whether I own my subscriber list and can take them somewhere else, but whether the network will give me more subscribers. That’s the value.