All this is to suggest only one thing: that new ways to experience something, especially something that already exists, can be the most transformational. The interface can be the message when something old is presented in a new way.
Wealthfront has stalled out around $21 billion in assets under management (AUM) as it faces stiff competition from well-funded incumbents, and it still loses a lot of money. It charges only 0.25% of every dollar it manages for accounts with over $5,000.
When Facebook or Twitter intervenes in this process it gets very complex because platforms are meant to be neutral. Editorializing The Algorithm becomes a question of first amendment rights. This makes Section 230 the most complex and consequential legislation of our time.
This trend has a long way to go, though. Making video games is colossally hard and expensive; you need to be a crazy genius indie game developer with ultra-high risk tolerance, or else a mega-corporation like Unity or Steam or Valve, to do it. Video games haven’t yet had their “creator revolution”.
The key question to answer is: Who’s paying for reskilling? Workers are ill-equipped to pay, and government hasn’t risen to the challenge. The most interesting companies figure out a clever mechanism.
Peering helps assign the right person to the right task more effectively than traditional firms. The reason is self-selection: when people voluntarily self-select for creative, knowledge-intensive tasks, they are more likely than managers to choose tasks for which they are uniquely qualified.
The disruptive potential of the creator-led online fitness market is in relation to gyms, boutique fitness classes, and personal trainers that provide community and accountability, but are expensive and inconvenient for many consumers. By leveraging digital platforms like Fitplan or Playbook, or even just enabling payments or donations on Zoom/othe... See more