My most frequent (and hilarious) collaborator. Thank you for always been game to jump into the mix on some random initiative, and for bringing the heat, time after time.
Thank you for being the first person I message every time an S-1 drops. You made me believe there was value in that product, and in what I was putting into the world.
Thank you for introducing me to so many fascinating subjects both through conversation and your public thinking. It's encouraged me to be more strategic in building.
You are also at the vanguard of a new kind of VC that I'm grateful for.
I remember the first time you tweeted at me, I was a bit starstruck. Thank you for building products people love, and for sharing your experience and wisdom.
I can't tell you how much I've appreciated your support.
Thank you for being both dreamer and pragmatist, and for always keeping it real. I have huge admiration for your inventiveness and sharp-eye for detail.
And, of course, *thank you* for being one of the first people to read and like my public writing.
Thank you for being game to jump into the nitty-gritty of a filing, and find the gold. And for being such generous thinkers to work with + learn from.
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Lastly, I'm grateful for you, whoever is reading this. I'm sorry to end on so corny a note. But I feel absurdly fortunate that people online, around the world, are interested in hearing what I might have to say.
So: thank you. Thank you for reading. Here's to a great 2021.
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Diller started out in the mailroom of William Morris after dropping out of UCLA. He rose through the ranks, serving as the assistant to legendary exec Elton Rule.
One of Diller's innovations was the "ABC Movie of the Week," the made-for-TV movie.
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Over time, Diller established himself as a force in the traditional entertainment industry.
He served as CEO of Paramount, producing hits like 'Taxi,' 'Grease,' and 'Indiana Jones.'
As CEO of Fox, he greenlit 'The Simpsons.' Mr Burn's appearance was based on Diller.
The @MrBeastYT Burger phenomenon makes an opportunity very clear.
Impromptu RFS: Drop Kitchen
- Network of existing restaurants with excess capacity
- Backend plugs into consistent wholesale supply
- Distribution (solo app + via existing networks)
- Power tools for influencers
Rationale/benefit for restaurants...
- You're a local taco restaurant
- You have fixed costs
- Demand is inconsistent
- You could make a solid burger with specific instruction
Increase top-line by helping serving new demand. Could even add "prepared by X."
Rationale/benefit for creators...
- Access massive distribution (surpassing ghost kitchens)
- Collaborate with local business
- Plug into existing networks
- Added tooling specifically for creators (below)
- Insane revenue growth (+226% YTD)
- Expected valuation of $32B
- Highly-capitalized with $2.5B raised
- Exceptional management, led by Tony Xu
- Fierce competitive dynamics could cause trouble
- Concerns over market
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Beginnings.
It all starts with Tony Xu. His family emigrated from China when he was 5. His mother worked in restaurants. He gained an understanding of the business at a young age.