Mags
@mags
I’m fascinated by “great product/bad business” situations Big diff between A) great product BECAUSE it’s a bad biz (Casper, Uber) B) great product but no user willingness to pay (Genius) C) great product but doesn’t harvest willingness to pay (Twitter) Not every great product can have sustainable business
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Nat Emodi
@emodi
aka value creation vs value capture you can have one without the other
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Karthik Senthil
@karthiksenthil
Does Bitcoin qualify? ;)
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Ben O’Rourke
@bpo
Twitter has harvested the willingness to pay for over decade - from advertisers.
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Sanket Pathak
@sanketpath
Mags, curious if any Web3 companies apart from exchanges are a good examples of good product and *good* business. Are there any profitable companies in this space?
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Ryan Hoover
@rrhoover
A related topic: Products who's cultural influence far outweighs their revenue generation. Twitter is the obvious example here.
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Garrett
@garrett
@perl
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Michael Pfister
@pfista
My favorite example of A is Free Beer
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Liang @ degencast.wtf 🎩
@degencast.eth
How would fc one day make money?
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Cheryl Kellond ⌐◨-◨
@xxfounder
Agree. But also, we’ve made it so “sustainable” isn’t enough. Twitter could be sustainable. When we decide endless financial growth and maximally extractive returns are the goal it stops us from having things that reflect the totality of what we value.
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