sari

The lack of quality data on investors has led to a sales-first-oriented venture environment where investors are overpromising and under-delivering.

Years of executive churn likely contributed to Vine’s failure to make money. For a while, brands were happy to pay Vine stars directly to make ads and share them to their millions of followers. But after Snapchat and Instagram grew into hundreds of millions of daily users, marketers’ interest in Vine dropped significantly.

-Bilibili is built around shared interests and purposefully builds friction into community. In order to join a community, users have to pass a 100-question exam. A representative question to join the Harry Potter community, for instance, is: “How many horcruxes does Voldemort have?” (Any self-respecting person should know the answer is seven.)

To create a form of liquid value attached to reputation, coins should accrue to point holders through a series of dividends, where each point holder is awarded coins based on the number of points they have.

Social media is content (text, photos, videos, audio, etc) that is distributed primarily through networks of connected people. This means that some level of distribution is guaranteed for creators based on the creator’s social network of friends or followers. This dynamic puts an enormous amount of power in the hands of creators because it means... See more

I wanted to share my most memorable VC pass email of all time, Maple back in the fall from @schlaf. Thoughtful and empathetic: "I've been wrong more than I've been right so take this all with a grain of salt. I hope you prove me wrong and make me regret this decision."