Friendly reminder:
Please do not invest money you can't afford to lose.
This is personal for a lot of people. We've never seen anything like this.
These aren't just random comments on the internet, community is meaningful, this is a person standing up in a stadium of millions of people they consider allies/friends/confidants speaking their painful truth and getting a a roar of applause and cheers and support.
This is going to be in textbooks one day
#OccupyWallSt didn't have Robinhood accounts and their figurative drum circle has gotten a LOT bigger thanks to the open internet.
And to be clear, I don't think it started that way, online movements (like offline movements) evolve and take on a life of their own... Roaring Kitty just saw an opportunity to strike when hedgefunds somehow shorted 130% of the shares of a co w potential
But that was the small snowball that kept picking up speed (and size) as it was rolling down the hill. You can't predict any of this stuff, but when the dots got connected, some people start projecting their mindset, why they're a part of it and that evolves for everyone else.
Like 13 years ago a random Greenpeace poll to name a whale caught the eye of someone on Reddit to vote up Mr Splashy Pants (and then it got the attention of lots of other people... and that's my TED talk, actually)
ted.com/talks/alexis_o…
We vote with 2 things in the USA: votes & dollars

The internet has obviously had a huge impact on our democratic process. Now we're seeing the impact it's having when the internet revolutionizes the dollar-votes, too.

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More from @alexisohanian

27 Jan
💡 @andrewrsorkin you framed it right - that's the sentiment, the public doing what they feel has been done to them by institutions. This is an echo of what we've seen social media enable the public to challenge institutions for the last decade.
And it's a perfect storm at a time when lots of people are hurting, interest rates are so low, inescapable student loan debts loom, and every major institution has caught Ls during a /global pandemic/ over the last year. This is something to believe in.
And if enough people believe in it, it actually can manifest reality. The institutional "security" isn't coming from the top, it's coming from the ground up. It's unprecedented at this scale, but we're tribal creatures, so it's more natural than we realize.
Read 6 tweets
23 Jan
I've lived a far from perfect life, just tried to be on the right side of history, tried to give more than I took, tried to be a little better from each mistake.

Everyone is figuring it out as they go.
I'm all good btw! Had a heart to heart with a founder in the @sevensevensix portfolio and wanted to repeat my words here on Twitter. Everyone can use a bump!
Being a CEO is a really lonely job, especially when the success, survival of the business is far from certain.
Read 4 tweets
15 Jan
Traditional sports ranking of community strength:

Teams > Players > League

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...
Read 10 tweets
24 Dec 20
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.
Read 7 tweets
24 Dec 20
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.”

instagram.com/p/CGBhV-DsllV/
“I loved the freshness of the moment... One of this year’s true highlights.”

instagram.com/p/CGW2jaFB3Z9/
Read 5 tweets
18 Oct 20
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.
Read 6 tweets

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