Memers are already becoming millionaires (deservedly so), and it’s only a matter of time before it will be possible to make a lucrative career for oneself out of meme creation and curation.
product development is not about "adding features"—but distilling a product to a simple marketable sentence. Adding features more often impairs growth.
Journals rely on subsidies and subscriptions from institutional libraries, which pay enormous and growing costs to access articles. People outside of large institutions, without library subscriptions, are largely shut out from reading publicly funded academic research as well as reading the comments that reviewers have made on a paper. And despite... See more
The work of building a great community goes much farther beyond simply moderating a Slack group. A great community needs regular events and meetups. They need ways for leaders to step up and invent their own traditions, create their own events, and run their own sub-groups. Leading a community requires making it easy for members to become... See more
Ultimately, leading players want to take over the rest of the finance space leveraging their user base, technology and brand. Payment companies doing loans. Payroll providers starting to act like aggregators of services. Accounting solutions doing planning. Expense management platforms doing procurement.
In recent years, we’ve seen the rise of spatial audio, Apple AirPods, digital walkie talkies, audio-based meditation and mindfulness services like Headspace (I’m an investor), and social audio experiences like Discord and Clubhouse.
I’ve seen a lot of new patient communities pop-up recently. I think it’s the combination of communities being the hot topic in VC land, the idea that communities provide some sort of defensibility for a product, and the fact that everyone is online now and exploring new parts of the internet.