But not necessarily big companies. Just solo individuals or small groups doing content, like Notch doing Minecraft. Because media scales like code.
A solo media founder like Rogan or Mr Beast can make as much money as a strong tech founder, with significantly less managerial stress.
Tech created this ecosystem but there’s a historical cultural bias in tech towards media as unprofitable. That changed a long time ago.
But not necessarily big companies. Just solo individuals or small groups doing content, like Notch doing Minecraft. Because media scales like code.
Substack and all the creator tools are just the start of this ecosystem. https://t.co/8gvgC4z5zE
Useful concept: the media stack for content creators
— balajis.com (@balajis) January 20, 2020
- Spotify, iTunes for podcasts
- Descript for podcast editing
- Figma, Canva for graphics
- YouTube for video
- Twitter, FB for distribution
- Substack for newsletters
- Makerpad for nocode
- Ghost, Medium for blog
What else?
V1 is link-in-bio, Substack, and sponcon.
V2 likely involves more angels & tokenization a la @tryrollhq. What else?
There isn’t a TechCrunch & CrunchBase for media founders, chronicling the valuations of influencers.
But that’d be quite valuable. If you are interested in doing this, please DM with demo.
Why? Because decentralization isn’t just a technological phenomenon, it’s a cultural one.
The independent is more independent.
It’s how we remediate the demographic, linguistic, ideological, and intellectual non-representativeness of legacy media. https://t.co/Ev8EacIsZs
In the last 3 months, Nas Daily had 150M views in the Middle East alone.
— Nas Daily (@nasdaily) December 22, 2020
Nothing makes me happier than reaching Arabs with MY AGENDA. Decades of hatred and division can not continue.
Excited for the Status Quo to end.
And for the establishment to die.
They distrust tech platforms as much as we distrust governments.
And people in crypto have of course distrusted tech platforms for a while.
But this is a crucial demographic to target, to cross the chasm. Crypto tools for content creators.
Crypto can give influencers the tools to reach their audiences and monetize them without interference from legacy tech platforms.
The sovereign individual, the sovereign influencer.
More from Business
"it doesn't affect me if companies pay low wages"
— Dan Price (@DanPriceSeattle) February 11, 2021
In reality, you're paying for it. Over 50% of people on food stamps are actively working. The leading employers are Walmart, McDonald's and Amazon.
As taxpayers, you're subsidizing corporations to pay literal poverty wages.
A large number of new jobs being created are minimum to low wage, so looking for a new job generally won’t increase pay.
Raising minimum wage helps things not directly related.
Helps Infant mortality? Yup.
Lowers Suicide? Yup.
Reduce smoking rates? You bet.
It also boosts the local economy! Minimum to low wage earners spend more % of their money, so an increase means more is spent, often in community!
Low paying jobs are often in sectors which would gain from this. More people spending money in your shop makes your business more money! Now you have more profits and increased labor costs are covered.