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Elad
@el4d
I'm afraid of Wilson's idea. I'm also happy to be proven wrong be Wilson and other braver souls :) I worry we'll hurt the brand if: - we end up funding subpar proposals because we feel rushed and better props aren't showing up - we end up burning a lot and many ppl feel it's a giant waste
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seneca
@seneca
agree and feel the same, its def risky. but - is it not the inevitable? forget the burn and lets assume the arb magically disappears, what makes us think that we’d spend more (or less) thoughtfully then? imo, the burn (or any forcing function) just gets us to the endgame faster. we will learn the truth.
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Elad
@el4d
I want to learn faster, on that we're aligned. I fear the fast pace of spend or burn will lead to some pretty bad spending. More than ever we'll be a grift target, and more than ever the grift will work out. Much to say about this, not enough characters 😅
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Elad
@el4d
One easy thread to pull: we are not clear on our existing builders who's amazing and who isn't. When familiar names will come for more, we will default to yes more than ever before. And in the less awesome cases the outcome will be net negative.
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Elad
@el4d
I'd feel MUCH more optimistic if we had some evidence that we know how to go out and attract amazing proposals. We have glimpses of that, but far from feeling like we know how to rinse and repeat, and do so across categories, eg video, art, etc.
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Elad
@el4d
Wilson is probably right that we won't burn much. I just think we'll most likely have a low success rate and low bang for buck with what we do fund, because it'll all happen too fast.
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