Sixian

The opportunity space must be somewhat legible, and seen to be correlated enough to inspire cooperation, but if you can see it too clearly, and especially see its limits too clearly, cooperation will break down. At the edges of visibility the opportunity space must dissolve into myth.

One risk was over the last five years, you saw technology players, tech forward, skinny labels as they call themselves, emerge to try to disrupt the major labels, whether that was a Distrokid at the low end or an Orchard or Grooves in the mid segment or Believe Digital. They were trying to say, hey, we can use technology to do like 80%, 70%, 50% of... See more

NFTs and The Act of Ownership  Something NFTs allow you to do is identify that one true super fan who is willing to pay a really high amount and allow a creator to earn a lot off of not that many followers.  Not only can you identify them, but really you’re allowing them to identify themselves...  But it’s interesting that transactions in this... See more

"My site is really a record of my becoming who I am. I started so early in my 20s. I didn’t know who I was. I wasn’t doing that much reading then. And it eventually became that. Right now, I rarely read the internet at all. I spend most of my days buried in book piles and letters and diaries and old philosophy books and what not. There’s this term... See more

...we learned how much less important viral effects are to long-term value creation than defensibilies like network effects.While viral effects are a useful attribute of products to reduce the expense of acquiring new users, network effects remain the key driver of value creation for startups in the digital age by keeping people using them.

So let's use video because I just think it's a great example. If you think about music and how you consume music, you actually consume catalog product a lot. I certainly do. And I think most consumers do. Songs that I've listened to once, I will listen to again and again, and again, at some point. With video, that's less the case. Once I watch... See more

James: The power law gets steeper in this case because of the transparency that the internet gives us... And that is affecting people everywhere, as they struggle to realize where they are in the power law of life. It’s not just getting clients. It’s putting out your songs on YouTube or TikTok, just for fun, and seeing all the people who are... See more

Most people's soundtrack of their lives, as the industry talks, it is created from the late teens to the mid to late twenties. That's what you listen to your whole life for the most part, and your discovery goes down pretty quickly after that...