Jawwad Farid Profile picture
Jul 7, 2020 10 tweets 4 min read Read on X
1/ Founder Puzzles. Cover Stories. Part IV. Content plays

No hidden, deep, profound, insightful commentary here with this frame.

The image says what it is supposed to say.

Content plays are my favorite startups. Absurdly difficult to get right. Obscenely profitable if you do Image
2/ Done right, I believe content is one of the strongest export products of any country.

If you look at our music, art, opinions, literature, theater, and documentary scene you would be surprised by the diversity of material and depth of our talent.
3/ We once said the same thing about our technology industry.

Content is going to be bigger, better and richer.

But its not for everyone.

Those of us who get it right are going to do very well. Those of us who don’t are going to lose their shirts.
4/ The old way of doing content, the way we learned in school, is dead.

We have witnessed the many sad funerals in print. There will be more to follow.

The new world of content is a mix of reach, traffic, reader experience and technology. You need all 4 to make it work
5/ How do you go about to model content revenues? What does that involve?

If you sat down to enumerate content revenue streams, it would take you hours to list all of them down.

Just because you can list them down, doesn’t mean that you can make them work.
6/ Content in the new world is not about editorial integrity, authority or word count.

It is about understanding your audience, the context and language they want and giving it to them.

It is about freshness, acceptable quality, wit with a cutting edge, traffic and virality
7/ The new kids on the block get it. Some of them have already figured it out. The rest are on their way.

They are creative. They understand traffic. They get technology. They are broke and hungry.

They are going to eat our collective lunch.
8/ But making a content play work on Excel is just as hard as it is to make it work in real life.

You would be surprised at the number of pivots it take to finally find a recipe that begins to pay your bills.

The magic words. Dimes on a dollar. You can figure it out.
9/ Print is dead. It has been dead for a while, but we didn’t notice it. So is news in the form it exists today.

If you are still hanging in these two spaces, get out.
10/ Founder Puzzles. Cover Stories. Part IV. Content plays

#founders #startups #finance #modeling #founderfinance #financialmodeling

Preorder Founder Puzzles - build better, faster, meaner, leaner financial models for your startups now.

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More from @rebootdude

Jan 31
Had two insightful chats with two fellow academics and educationists yesterday.

The topic? What is it that we need to change to improve state of higher education in universities we teach in.

Here is a quick summary / the cliff notes edition of the conversation.
The purpose of undergraduate education?

Help our students discover, explore, develop and acquire interests.

A more ambitious goal? To get comfortable with personal performance windows and envelopes.

What are you really capable of? What is it that you want to do? Who are you?
The "who are you" question has been a key question in my life.

Self awareness is a powerful personal attribute that simplifies decision making and goal setting.

Because once you have answered this, you can also answer where do you want to go and what do you want to do?
Read 22 tweets
Sep 19, 2023
SWIFT MT 103. Foreign Currency Wire Transfers.

A single customer credit transfer made on the SWIFT network.

The bane of remittance/ free lancer / tech founder challenge across banking sector in Pakistan. More so for small businesses / founders that receive sub $ 1,000 wires.
Once upon a time in a different life we wrote, ran and supported treasury systems that generated MT 103 messages for local banks.

Given how treasuries front / back offices are structured and how all $ payments are consolidated and cleared via NYC, workflow was simple.
Collect all outgoing payments, bundle them together into one balance for one market / relationship / target account.

Send a shorter message to primary US$ Nostro account targeted for out going transfers for one amount.

If there is a shortfall, move money around.
Read 21 tweets
Feb 28, 2023
If you work with risk, insurance, trading or pricing, loss distributions are a key concept.

Traditional or introductory statistics courses don't have time to do justice to them.

We took a deep dive with automobile claims data (80,000 rows) in the ADA course.
With insurance models we are interested in two key parameters.

a) Frequency - the likelihood or probability of a claim.
b) Severity - the size of a claim, when a claim occurs.

Loss distributions focus on b).

If a claim occurs how big or bad is it likely to be?
Actuarial teams use data analysis to identify common attributes across high severity claims.

A large majority of motor insurance claims are within pricing limits.

A small percentage are 25 - 50x larger.

If we could identify the profile, we could price/underwrite better risks.
Read 10 tweets
Nov 12, 2022
How do you encourage or foster creativity?

Cross pollination and collaboration of ideas from different worlds and backgrounds?

We learn more when we

a) Work with individuals and teams with different perspectives.

b) Remove crutches that we use without thinking about them.
How would you design a high fidelity prototype for a game without using technology or standard art?

You level the playing field in one stroke. No developer, artist or designer would have an edge.

Only creativity would rule.

Welcome to @ibakarachi @Mindstormstudio @RaptrGames
Open to all undergraduate and graduate programs in Karachi.

If you are:

a) Avid game player
b) Aspiring game designer
c) Care about creative expression
d) Curios about what make games playable, addictive, instant hits, or
e) Love real time community feedback
Read 5 tweets
Nov 11, 2022
Fun talk today by Dr. Alnoor Bhimani @ibakarachi on data as a product, monetizing data, qualitative insights, and decision making processes.

And what all of the above implies for business school education.
My favorite takeaway?

If the data is the new oil for the knowledge economy, and we produce a lot of it, how do we productize and monetize it as an economy.

If we don't, someone else will. No one had put it down or explained it this clearly.

Data is our new edge.
Dr. Bhimani also made me a convert to the NFT cause.

I don't think he realized what he did but he said something so profound and powerful that it finally connected the dots for me.

"We may not be willing to pay for art produced by an AI today, but one day we will."
Read 4 tweets
Nov 9, 2022
The most fun engagements in my senile years are ones where I pick a new skill, crack a difficult problem or learn stuff I didn't know before.

Easier to do this type of work when you run a small specialized shop without distractions of a large team.

Small shop. Large footprint.
2018-19.
IFRS 17.
Teaching Portfolio Optimization Models + Algorithms + Financial Modeling.

2019-20.
First and second half marathon.
Remote work + Zoom Cohort based live training.
Founder Puzzles. Product launch.

2020-21.
Surviving Covid + recovering.
Close call.
3rd half.
2021-22.
Context switching. Fixing my knee.
Growth and Economic Complexity.
Raising 6 at 18 post.
Scale multiples and idea selection framework.
The Pakistan dataset.
Ed-Tech and crypto deep dive.
Teaching Venture Capital + Fintech and Financial Innovation.
Shipping FP, 2nd Ed.
Read 4 tweets

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