sari

...a genuinely effective indicator will cover the output of the work unit and not simply the activity involved. Obviously, you measure a salesman by the orders he gets (output), not by the calls he makes (activity).

come with intensified distribution competition.

Substack was built on the foundation that people don’t subscribe to content, they subscribe to voices they trust. In contrast, at Medium, it almost doesn’t matter who the writer is as long as the post is good.

In our case, the markets we refer to are online communities such as Reddit, Hacker News, and Twitter. Each of these communities has an upvote mechanism, which can be interpreted as an indication that the user believes the website is undervalued. They are willing to bid up the price by spending their upvote on it.

Some of these questions people could just type into Google. But the answers are more meaningful when they come from a trusted circle. And many inquiries aren’t about information: they are about sharing resources. When there is underlying trust, people become willing to offer up information that’s valuable, relational and risky: for example introduc... See more

The whole point of existing in this world is to produce culture, and the elimination of low-value work (burger flipping etc) can be a boon to cultural creation.