There are lots of things going on here, but I would start with the top line: advertising share of GDP started sliding immediately after the Dotcom bubble, had a major step down in the financial crisis and has been suspiciously flat ever since. That decline was very obviously concentrated in print but actually affected TV and radio as well. We think... See more
That we straddle a pivotal moment in history being old enough to remember a time before the internet but also native enough to online culture to recognise and appreciate the whole new world of human interaction that the internet is only just beginning to open up. Many of us spent much of our late adolescence and early adulthood socialising online a... See more
In the 2020s, consumers will embrace algorithmic forms of consumption that leverage personal data to automatically deliver exactly what they want: that means much reduced need to scroll, choose, or click. Millions are already happy to let Spotify take charge of their music experience. Now, expect that mindset to spread to products and services, too... See more
Although this incentive system is effective for those willing to put in the work, Wikipedia remains prominently written by only 1% of its contributors and similar to most content platforms, a majority of users spend their time as “lurkers” or “free riders.” This crucial conversion from “passive” to “active” comes down to the fulfillment of our need... See more
The other big factor for me is, when I start to get interested in a topic, I try to go talk to the smartest enthusiasts and smartest critics. Sometimes as you do this you discover the critics are really well informed and have strong arguments. Other times you discover the opposite. I specifically decided to devote my career to crypto/web3 a few yea... See more
Creator-focused platforms realize that wherever the creator goes, the audience and attention follows. As a result, platforms bootstrap their network by attracting top creators.
A core part of all wallets is a way to list transactions. Too many wallets today treat this as a list of data without much thought about what it means for the user and within the context of trust.