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It is pretty visible that Reddit is under-monetized. Twitter, for example, earns 25x more revenue per MAU than Reddit. Roblox has less than 50% of Reddit’s MAU but it makes 11x more revenue per MAU.
Rohit Kaul • Reddit’s missing business model: Embedding commerce in culture
Pre-internet, it was immensely challenging for individual writers and other content creators to get distribution. For journalists, the primary path to making an income consisted of joining an established news organization with an advertising department, production capabilities, and delivery processes.
Li Jin • Four implications of disruption theory for the Passion Economy
When a token appreciates in value, it draws the attention of early speculators, developers and entrepreneurs. They become stakeholders in the protocol itself and are financially invested in its success. Then some of these early adopters, perhaps financed in part by the profits of getting in at the start, build products and services around the proto... See more
Albert Wenger • Fat Protocols | Union Square Ventures
“As the philosopher Michael Sandel has argued, in recent decades, subtly but relentlessly, we have been moving from a market economy to a market society. Increasingly, to be valued, an asset or activity has to be in a market. For example, Amazon is one of the world’s most valuable companies, yet the Amazon region appears on no ledger until it is st... See more
The Economist • Mark Carney on how the economy must yield to human values
If you aren’t experiencing failure, then you are making a far worse mistake: You are being driven by the desire to avoid it.
Ed Catmull • Creativity, Inc.: Overcoming the Unseen Forces That Stand in the Way of True Inspiration
It isn’t so much that geniuses make it look easy; it’s that they make it look fast.
Sarah Manguso • 300 Arguments
Here is how I hire, listed in priority order.Bandwidth. I'm a snob for intelligence. I like to surround myself with people who are much smarter and faster than me. People who can juggle ten things at once, and handle curve balls. This is a requirement in an entrepreneurial activity, as by definition you are doing something new, so you have to learn... See more