How Barstool Sports is Building The Future of Media (Thread)
Barstool Sports has gone from a niche sports site to a $100M revenue company.
I explain how 👇
The more Springwater and Mackenzie thought about it, the more they thought they could build a better way. What they built became an app called Matter, a combination of a read-later app and a discovery engine for great content. Ultimately, Springwater said, it could be even more. "Reading right now is really simple," he said. "It's text on a page.... See more
Separating "login" from "data" is powerful and attractive. Currently, we need to create an account with every app and website we use. And we need to let these apps store our data on their own servers. On the blockchain-powered web, people use a single private key (and wallet) to log in to many different apps, and their data and history belong to... See more
Some people don't like themselves. They hide this from themselves by thinking they don’t like other people. They often bristle like a porcupine any time someone gets too close. That, or the opposite: they need to be insulated by other people's skin at all times. These are contrasting expressions of the same fundamental fracture. A person cannot... See more
did really nice work on the logo work for Artifact, the news app by the founders of Instagram.
One trend that is an important identifier of equity/debt beginning to blend is the premium placed on SaaS revenues. Markets will buy SaaS revenues at high multiples (i) because they are high margin but also (ii) because of their predictability. “Cheap equity is essentially expensive debt.” So starting to see equity get priced closer to debt for the... See more
2) Networking: The provisioning of persistent, real-time connections, high bandwidth, and decentralized data transmission by backbone providers, the networks, exchange centers, and services that route amongst them, as well as those managing ‘last mile’ data to consumers.