1/ I see a lot of ppl starting education businesses these days, whether they want to or not, and whether they call it that or not
Here's the best 4x4 for thinking about the online education landscape I've found so far
According to the Re:Create Coalition’s study on America’s New Creative Economy, in 2017, 5.6M creators on Instagram earned revenue through sponsored posts. Contrast that with Patreon’s entire base of 150,000 creators who earn revenue through membership subscriptions—representing just 2.7% of Instagram’s income-earning creator base.
With money, you know exactly what you’re paying and to whom, and you can cancel payments when you want. Transactions become transparent, and incentives become properly aligned. While platforms that depend on ad sales must harvest attention any way they can, platforms that depend on people’s willingness to pay must foster trust and satisfaction.
It is evident that the current consumer facing crypto business models do not work. Arguments can be made on several vectors to defend the lack of adoption of current consumer facing products: users are priced out, users are not crypto native, lack of security… the list goes on. While I do agree that these common arguments have some merit, I also th... See more