I suspect we shall see debt used increasingly in venture-backed businesses. My hope is that operators will constrain its use to areas where debt is a more natural fit. Personally, I’m not there yet on its application to SaaS revenue.
First, phone calls had deeply embedded the idea that audio’s primary role was synchronous, 1-to-1 communication. Second, users can’t skim audio in the same way that they can skim text or quickly glance at images/videos. This made audio a bad match for mass social media where users became used to scrolling through and briefly looking at a large... See more
When I asked about their views on content moderation, the founders said that, because readers opt in to newsletters—unlike Facebook, there’s no algorithm-based feed—they have relatively less responsibility to get involved