Li Jin Profile picture
Jul 29, 2020 13 tweets 6 min read Read on X
At the turn of the 20th century, in the wake of the Industrial Revolution, agrarian society and cottage industries gave way to urbanization, mass production, and corporate employment.

Now, new internet platforms are empowering a shift in work once again..
li.substack.com/p/unbundling-w…
We’re in the midst of a massive rearrangement in how work, and thus society, is organized. We’re going from the “Organization Man" Era to the “Unbundled Work" Era. Image
Digital platforms remove the gatekeeper of the company, and empower individuals to create products, reach customers, and earn income without needing an employer.

Call these independent workers whatever you want: micro-entrepreneurs, creators, free agents, or freelancers.
These micro-entrepreneurs aren't just doing rote work as dictated by a platform, they're often leveraging skills, creativity, and knowledge and have greater ownership and autonomy.

Platforms are giving them the underlying tools they need to build and grow their own businesses.
What is the ecosystem of companies needed to support this trend?

Traditional employment is itself a bundle of income, benefits, team, learning, etc.

Independent workers must piece these elements together on their own, creating opportunities for vertical & horizontal platforms👇 Image
Vertical (industry-specific) work platforms can:

- Expand the market to new workers by making it easier to create something
- Provide deeper value in managing a business
- Reintroduce services lost from employers
- Foster network effects: connecting to other workers & customers Image
On the other hand, horizontal work platforms excel when:

- They act as a top-of-funnel discovery destination for consumers
- There's fragmented creator tools
- There are economies of scale
- There's common infrastructure/services needed across verticals (e.g. project management)
While past work platforms largely focused on connecting consumers with workers and honed in on enabling transactions, there’s a lot more to work than just earning income.
To legitimize independent workers and creators, there needs to be dedicated tools to support managing and growing their businesses, forging new connections, learning new skills, and connecting to work opportunities.
What's next?

Looking forward, as individuals professionalize and take their businesses to the next level, I anticipate more re-bundling—whether it’s short term collaborations with other micro-entrepreneurs, or building out teams that work together for longer-term projects.
Digital platforms that lower the barriers to micro-entrepreneurship can support the growth of these workers, in whichever directions they seek.

Building something here? I would love to chat!
Thank you to the talented @brndnwll for designing the images for this post - he's available for freelance projects! Work with him!

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More from @ljin18

May 15
I've been spending a lot of time at the intersection of AI and crypto. We believe the coupling of the two is critical to making AI more equitable and user-owned.

Sharing quick thoughts about what we’re seeing:
Projects at the intersection of AI x crypto fall into two broad categories:

1) Applying crypto to solve AI problems
2) Applying AI to solve crypto problems
Because the market for AI overall is larger today than the world of crypto, most companies are focused on (1) applying crypto to AI.

That said, applying AI to crypto (2) can help expand the pie by making crypto easier to use and interact with.
Read 10 tweets
Sep 26, 2023
A metric that I like to ground convos about crypto in is that Ethereum just crossed 245m cumulative unique addresses. Meanwhile, the internet had 248m users in December 1999.

We're at December 1999 levels in terms of onchain activity
December '99 was just months before the dot-com bubble burst, and many well-funded, hyped businesses failed and shut down

Many of those businesses actually had great ideas, but were just too early: drkoop -> WebMD; Webvan -> Instacart; -> ChewyPets.com
1999 was also years before we got the major companies of the web2 era -- FB in 2004, MySpace in 2003, YT in 2005 -- that gave users lots of reasons to spend time online
Read 4 tweets
Apr 4, 2023
Psychological ownership -- or making users feel like owners -- is the missing ingredient to unlock retention and sustainability for web3 projects.

My new piece is out with @HarvardBiz

li.substack.com/p/building-psy…
Psychological ownership is the feeling of possession or "mineness" over a product/service. It’s distinct from legal ownership: you can *feel* like an owner without actually owning something (my sports team, my social media profile), and vice versa.
Psychological ownership is important for product builders because it changes behavior. It can increase loyalty, word-of-mouth growth, and willingness to pay. In digital communities, feeling ownership leads to increases in satisfaction, self-esteem, and contribution quality.
Read 20 tweets
Mar 27, 2023
Lots of thoughts about the TikTok hearing last week:

- it's horrifying to see the level of knowledge that lawmakers have about the internet/tech ("Does TikTok access users' home wifi networks?" was a real q that was asked)
- a ban of TikTok will leave 150m users orphaned, as well as 5m SMBs that use it to grow organically

- less competition among social media companies -> worse for creators & users. e.g. TikTok pioneered the Creator Fund and sparked a slew of competitors (Reels, Snap, Pinterest)
- users spend on average 95 mins/day on TT. that's a huge vacuum of time. lots of opportunity for new social media entrants

- TikTok's algo provided "universal basic distribution," or the chance for any video to be discovered, which was much harder on legacy social media
Read 4 tweets
Mar 24, 2023
NEWS!

We’re excited to announce the inaugural Variant Founder Fellowship: a three-month cohort-based program for web3 founders at the earliest stages of their journey:

variant.fund/variant-founde…
Variant is proud to support some of the top projects in the ecosystem, which are part of our Variant Network, a peer learning community comprised of the founders and leaders across our portfolio.
We’ve found that a network-based learning model is the most effective way to elucidate emerging playbooks and best practices for building in web3.

The Variant Founder Fellowship invites a cohort of emerging founders to build & learn alongside Variant’s portfolio founders.
Read 7 tweets
Feb 21, 2023
In just 5 months, Blur has become the top NFT aggregator with >40% market share leading up to the airdrop last week.

That growth required not just UX improvements but also sophisticated incentives.

@variantfund's new blog unpacks Blur's airdrop lessons:

variant.fund/articles/what-…
Disclosure: We're not investors in Blur. But given our thesis on user ownership, we think the Blur case study holds interesting lessons for all crypto projects seeking to turn users into owners.
Blur’s airdrop design was novel in many ways, differing from both the one-time retroactive airdrops and straightforward liquidity mining programs that have been prevalent in the space:
Read 13 tweets

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