Specifically for founders, our identity is often tied to our company’s success. But that’s just buggy code in our systems. You have to actively work to debug that and do whatever you can to decouple your self-worth and your identity from your achievements.
The concept of subscriptions isn’t new, but thanks to the internet, any mundane purchase can seemingly be reinvented as a subscription service, from socks to baby food.
Does this have to be a bad thing, though? If the web as we know it changes in the face of artificial abundance? Some will say it’s just the way of the world, noting that the web itself killed what came before it, and often for the better. Printed encyclopedias are all but extinct, for example, but I prefer the breadth and accessibility of Wikipedia... See more
With better infrastructure, creators may be able to reward and incentivize their community financially. If focused on the upside — giving 20% of future earnings back to the audience after a certain threshold is met, for example — creators would align incentives without upfront costs.
Receipts and checks are not going to disappear overnight, but tech tools like optical character recognition and machine learning can eliminate the need to manually enter invoice information, collect receipts, and match the information against checks received on a company’s bank statement.