The Bacon Method for building communities: 1) Produce mission and value statements, 2) choose your community engagement model, 3) define what value you want to deliver, 4) produce your big rocks (broad objectives for the next year), 5) know your audience and build audience personas, 6) design your on-ramp and engagement model, 7) build your... See more
-Projects that raise money by selling NFTs effectively trade an asset for money that they put into their treasury. Projects that raise money by releasing social tokens, on the other hand, just mint money out of thin air. That means they earn money twice-over, both from the small portion of tokens they sell and from the larger portion of ones that... See more
Don’t try to craft the perfect design on your first go. Make a bad burger king. Then make it better.
The trouble with exponential growth is that the curve feels flat in the beginning. It isn't; it's still a wonderful exponential curve. But we can't grasp that intuitively, so we underrate exponential growth in its early stages.
Matching revenue with usage is intuitive, but it was never before possible in music. There was no way to track at-home record spins or CD plays, let alone charge for them.