Tesla: Build a high-priced sports car → Use that revenue to build an affordable car → Use that revenue to build an even more affordable car → While doing so, also provide zero-emission electric power
Uber: Launch Uber Black → Bring prices down by launching UberX → Bring prices down by launching Uber
Tipping, donations, and microtransactions. Since Twitch launched tipping in 2017, we’ve seen early signs that it’s catching on in the U.S., often via donation platforms or common P2P apps like Venmo and PayPal. Clash, for instance, is a short video platform similar to TikTok where tipping is a key revenue source for creators (and Clash takes a... See more
But though Patreon’s made significant progress toward its goal to “fund the creative class,” I think its business model is now under threat, specifically because most of the large social media platforms have realized that there’s real money to be made from taking a cut of subscriptions that are driven by their creators. Over the past few years,... See more
Another major source of needless words is instructions. The main thing you need to know about instructions is that no one is going to read them —at least not until after repeated attempts at “muddling through” have failed.
Blockchain can be used to issue untamperable certificates that link either to an entire piece of art or divide it into multiple certificates that act like company shares.
No offense to my VC friends, but they often think that their investments give them the right to lecture entrepreneurs at board meetings, even though many VCs have never been in the combat seat themselves. Having seen things done is not the same as doing them.