No user-generated content platform that offers distribution (and not monetization) to the marginal content creator can succeed with a paywall.Examples: Netflix and Spotify are great examples of paywalled content that primarily offer monetization to their suppliers. Medium is a good example of a failed paywall because its original value propos... See more
A second major illusion on which the school system rests is that most learning is the result of teaching. Teaching, it is true, may contribute to certain kinds of learning under certain circumstances. But most people acquire most of their knowledge outside school.
the U.S. Food and Drug Administration was set up to regulate Merck and Pfizer, not 1 million biohackers; the Federal Aviation Administration was built for Boeing and Airbus, not 1 million drone hobbyists; and the U.S. Securities and Exchange Commission was created to go after Goldman Sachs and Morgan Stanley, not 1 million Web3 developers.
If you want to see the future of B2B software, look at what Excel users are hacking together in spreadsheets today. Excel’s success has inspired the creation of software whose combined enterprise value dwarfs that of Excel alone.
For most of the twentieth century, science looked very different from the way it does today. For one, the internet did not exist. If researchers wanted to share their work with one another, they would meet in person – at conferences and seminars – or circulate their work through print – in letters, books, or journals.