but esports/socialmedia/fantasy/tradingcard-boom/tech-unbundles-everything has shifted things
Players > Teams > League
Players are realizing it. Teams will be wise to adapt fast.
We're doing our best at @weareangelcity to build a world class pro sports club with the new reality in mind.
e.g., For a century, there was tremendous brand + community value in 'putting on the pinstripes' of the NY Yankees bc a player was imbued with the community + brand love from being associated with the club... just like a journalist getting a job with the NY Times...
But now, fans -- the community -- have a direct relationship with the individuals (the players/journalists) who are doing the real work every day. That is a huge power shift... and it's a very good thing for those men + women.
Very different industries, obviously, but Substack-ification of media in 2020 was a preview for a lot of other sectors. Going to be interesting to watch in sports, bc it's the most meritocratic industry, yet still very problematic history between owners + players.
e.g., In 5 years, a club as famous as the Yankees will be running the numbers before signing someone not JUST to decide if he'll help the team ON the field, but if his personal community will drive merch sales, ticket sales, views, etc OFF the field.
e.g., Why is a @Giannis_An34 rookie card worth $1.8M (slightly more than @KingJames' Lakers magic) ? BC the sports community believes he will + they're investing in his present greatness + future potential. The Milwaukee Bucks Brand ain't driving that.
e.g., @MarcusRashford is out here basically feeding all the kids of Britain in *addition* to being a super-talented young footballer, but it's his community that's a "stock" I'm buying all day long.
If either one of those two young men goes somewhere else (I know Giannis just signed a 4yr deal) -- their base is still cheering for them, maybe even more bc they're getting exposed to new markets...
Excited to approve our 2021 budget for @sevensevensix! My 2021 salary will be $776.00 ~ I'm living a blessed life + want to put our management fees to work paying amazing people on this team, building software, supporting our founders. Thx @katelin_cruse@GarvinLissie 7️⃣7️⃣6️⃣
OH and of course, supporting our founders with things like our 2% Growth & Caregiving Pledge
We split that commitment with our LPs, because we both understand that the path to outsized returns starts and ends with FOUNDERS. One of the best investments we can make is in the emotion + physical development + well being of our founders in those early days.
Mazzy’s 1st observation while listening to Laraaji was, "I feel like the earth. I can listen to it in my ears.” After an instrumental passage, "We haven’t seen him in a while. Are these secret instruments?” ... "I hear the lights.” - experiencing @odaislive is like nothing else
“Felt like a prayer I didn’t even know I had been praying for was granted.”
Typical first-time CEO mistake is to hire people who you're friends with. I love my friends. I've known most of my closest friends since first grade. But I would not hire any of them for a startup unless they were truly exceptional at the jobs we needed them for.
I didn't hire my friends at the start of my career, but did hire literally the very first people who even showed interest in working with us, simply because I'd never hired before and no one coached me on how to actually run a hiring process. Sometimes we got lucky with a star...
But most companies end up with a monoculture of people who all look and think the same, not because the CEO is a bad person, but because they don't know just how much they don't know and it ends up putting a ceiling on long-term outcomes.
PRODUCTIVITY: 2/3 of female employees with mom managers agree that their manager enhances overall team productivity and employees with mom colleagues rate their anticipated productivity 12% higher than those without.
A study of 10,000 academics found that mothers were more productive in their jobs than those without children. 10k academics and a new study of 500 respondents don’t lie, women with kids GET IT DONE and help others GET IT DONE, too.
That time I walked in on @jackconte who just happened to be playing piano, of course. Amazing to see how much @Patreon has grown over the years since that 1st check, my friend. Congrats to you and your team and there's still SO much more to be done to bring on the #2ndRenaissance
Recently reminded of this.. back in June 2012, I was helping a variety of creators run kickstarter campaigns (publish books, merch, etc) and I realized there needed to be a platform for RECURRING revenue and mocked this up feat. the great @Zachanner
Look familiar? I spent 6 mos begging every talented dev I knew to build and found a patronage platform for creators so I could led a seed investment in it (I wasn't married to the name, lol). Then kismet happened....
I've resigned as a member of the reddit board, I have urged them to fill my seat with a black candidate, + I will use future gains on my Reddit stock to serve the black community, chiefly to curb racial hate, and I’m starting with a pledge of $1M to @kaepernick7’s @yourrightscamp