🐦 As a creator on Twitter, I've never been more excited for the company's future in the creator economy.

New post and thread below πŸ‘‡

creatoreconomy.so/p/twitter-crea…
1/ Twitter has long been the platform that gives the most value to creators but captures the least of it.

Many expert creators build their audience on Twitter then send them elsewhere - Substack, Gumroad, etc - to monetize.
2/ With Revue and Spaces, Twitter has the potential to be the full-stack platform for expert creators to:

1. Publish content
2. Grow and own audience
3. Make money
3/ Unlike Substack or Clubhouse, creators will be able to publish and monetize different content types on Twitter:

Tweet
Newsletter
Live audio
Audio clip
Video
4/ Mixing content types can create magical experiences:

1. You publish a long-form post to Twitter
2. Your followers can share any text as a tweet that links back to your post
3. At the end of your post, your followers can sign up for a live audio Spaces Q&A or pay to subscribe
5/ Followers that pay to subscribe to a creator on Twitter can see paid tweets, posts, and Spaces events in their feed. They might even be able to interact with each other in a private feed or group DM.
6/ The real question is...can Twitter execute?

I'm optimistic.

Spaces is a high-quality product and the team is building in public. This is a different company than the one that bought Vine and squandered it.

7/ Sure Spaces needs to ramp faster and Revue's UI isn't as clean as Substack's, but it's easier to fix user experience and monetization than distribution.
8/ If I'm Substack or another company that relies on Twitter for distribution, I'll try to build a follower graph on-platform as soon as possible.

Clubhouse is leading the way in this regard.
9/ I'm excited to see Twitter take flight in the creator economy!

More posts soon now that I have more time to write, subscribe below to be the first to read them:
creatoreconomy.so

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More from @petergyang

4 Feb
πŸŽ™ Clubhouse scaled from <1M to 6M registered users in 2 months (source: @bvajresh).

Here's how the app grows through FOMO:

1. FOMO on top creators
2. FOMO on the best content
3. FOMO on invites
4. FOMO on growing audience
5. FOMO on delightful experiences

Quick thread πŸ‘‡ Image
1/ FOMO on top creators

Creators like @naval and @pmarca were active on Clubhouse from the beginning. Can't miss creators/content like The Lion King Show and @elonmusk (@GoodTimeShowCH) drove global word of mouth.
2/ FOMO on the best content

When a top creator goes live on Clubhouse, people feel a sense of urgency to tune in because:

1. Clubhouse content is not recorded
2. Clubhouse content is shared on social media in an incomplete state (which piques more interest to tune in)
Read 6 tweets
1 Feb
Live-tweeting @elonmusk's appearance in @GoodTimeShowCH's Clubhouse room.

Starting now πŸš€πŸ‘‡
Elon: Can you let in Vlad from Robinhood? 🀯
When are we going to get to Mars?

Elon: We have a decent shot of doing that in about 5 years. Earth and Mars sync up every 26 months...I figure 5 1/2 years.
Read 63 tweets
30 Jan
WallStreetBets changed the world over the past week. Here are 5 lessons on building community from the subreddit:

1. Shared goal
2. Shared leadership
3. Shared identity
4. Shared language
5. It's just fun

Thread πŸ‘‡πŸš€πŸš€πŸš€
1/ Shared goal

Like any good story, WSB rallied to defeat a villain that's easy to hate - hedge funds who short struggling companies and the platforms that enable these funds.

Giving the πŸ–• to these funds is a mission that resonates with every retail investor in the world. Image
2/ Shared leadership

It may not seem like it but WSB has clear leadership:

1. DeepFuckingValue provides inspiration by sharing his daily $50M GME numbers.

2. Mods keep things clean by removing spammy posts and bots.

3. Tweets from Elon, Chamath, AOC, etc are shared often. Image
Read 6 tweets
22 Jan
Why language matters when talking to creators, especially when it affects how they make a living on your platform.

A Patreon thread πŸ‘‡
1/ Patreon announces plans to "simplify billing" through anniversary billing instead of billing at the beginning of each month.

The language implies that this is happening regardless of creator input, which probably was not Patreon's intention.

blog.patreon.com/2020-year-in-r…
Read 6 tweets
2 Dec 20
🎑 The super fan flywheel is a proven way for startups to grow in the creator economy.

Here's how it works πŸ‘‡

1. Flywheel
2. Incumbents
3. Examples

peteryang.substack.com/p/the-super-fa…
1/ A super fan is someone who:

β€’ Wants authentic interactions with the creator

β€’ Is willing to pay a lot for these interactions
2/ @kevin2kelly wrote that a creator can make six figure income by getting 1,000 super fans to pay $100 a year.

A startup can grow by helping creators make money through authentic interactions with their super fans.
Read 20 tweets
29 Nov 20
πŸ”’ OnlyFans grew faster than any other creator platform this year.

Let's explore why πŸ‘‡

1. Overview
2. Flywheel
3. Creators
4. Fans
5. What's next
1/ OnlyFans lets creators charge fans for access to content and interactions.

In 4 years, OnlyFans grew to:

β€’ 1M creators
β€’ $2B paid to creators
β€’ 100+ creators making $1M+
2/ The OnlyFans flywheel works as follows:

1. Target a specific segment

2. Help creators make money by engaging super fans

3. Rely on creators to bring more fans from social media

4. Attract other creator segments through word of mouth

Let's dive into each step.
Read 24 tweets

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