It started with a cold email. Guess what? He was using BuyMeACoffee on his blog, and was excited to hear about what we're building next. Within 2w, we signed the deal at @Escrowcom's SF office. You’re a pleasure to work with @MichaelCyger
5/ @ycombinator's invite for the in-person interview arrived that evening. Quite a day!
Thanks @patio11 for the thoughtful feedback on our YC application, and @gabhubert for your directions on positioning the product — set the tone for our pitch!
6/ Dinner at Stripe HQ. Thanks for having us, @andylouisqin! It was an amazing coincidence to meet @patrickc. We look up to you, not just for what you’ve built at Stripe, but for your thoughts on immigration, rationalism, internet economy, etc. + please do more podcasts :)
8/ 👎 Now the sad economics of the internet fame — $1 is the avg earnings per 1000 views (RPM).
Imagine a stadium full of people and the performer making 50 bucks from that ¯\_(ツ)_/
7/ 💡 There are ~15mm creators (US only) spending a significant amount of time creating great content.
They have more distribution than ever before (thanks, youtube, instagram, medium, tumblr, twitch, 500px, deviantart, soundcloud, podbean et al.)
Attaching some screens, lmk if you like it (and especially so if you don’t).
10/ So, will people pay? — we are increasingly paying for good content — online payments has become frictionless — we love supporting small creators — podcast is a $7B market in china, driven by subscriptions. US in comparison does $300mm, mostly from - you guessed it - ads
9/ Given most types of content can’t even make money from ads without scale (podcast, newsletter, photography, etc.)
What’s worse, creators are forced to optimize for maximum eyeballs (not quality), incentivising clickbait titles and fake news.
12/ Next week: a) Brew sneak peek 👀 b) top lessons we learned building https://t.co/7zcGHHtYGM c) why it’s incredibly important to democratise Paywall tech (NYT is set to do $600mm 😲, while most publishers can’t even afford to set up a paywall https://t.co/WGJbd501YA
13/ Since you're here: we accept support in likes, RTs, feedback (email@example.com) and internet karma ❤️✌️
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