We're entering the Third Wave of Digital Media.

Wave 1 ➱ Monolithic Media
Wave 2 ➱ UGC
Wave 3 ➱ Multiplayer Media

A (scruffy) theory ⇓
I think this applies to different media types. But because I'm a writer, I'll focus on the written word.

Here we go.
1 / Monolithic Media

This is the writing production process we're most familiar with. It's the traditional newspaper process brought online.

One writer creates one piece that is read by many.

1:1:many
2/ UGC

Social media changed the equation. It made it easy for *anyone* to create.

Just as importantly, we learned that everyone *wanted* to create. They wanted to share their thoughts, make jokes, and tell stories.

People wanted to connect.
3/Volume

Though the shift to UGC was revolutionary, the *shape* of creation didn't change much. UGC still has a 1:1:many ratio between creator, content, and audience.

What changed was the volume. Billions of people all started creating at once.
4/Collabs

There was a little shift though. It became easier for "chaotic collaborations" to emerge.

I can reply to your tweet and by doing so, I contribute to the creation. Sometimes that informal collaboration leads to something valuable.

But usually it doesn't. Why?
5/ Chaotic collabs

That's bc everyone on social plays a different game.

One person plays the thread game.
One person plays the meme game.
One person plays the snark game.

It's like asking Picasso, Pollock, Monet to paint on the same canvas. You can't help but make a mess.
6/ Rules

We need rules.

A game without rules leaves the players frustrated by the unfairness and unproductiveness.

The person playing the thread game looks at the meme and says "hey, I was trying to be serious!"

The person playing the meme game says "hey, lighten up!"
7/ Multiplayer Media

What do we know?

- Everyone wants to create
- Collaborations can be magical
- Games need rules

Right now, we don't have a good way to reconcile these truths. I think "Multiplayer Media" is the solution.
8/ What do you mean?

Multiplayer Media sets the rules of a game. As in..

"This is the S-1 Club game. Here's how you play."

Like in roleplaying games different people get different roles. There are knights (writers), squires (editors), wizards (designers), etc.
9/ Why does this matter?

Suddenly, more people can contribute. They're able to do so productively because they understand the rules of the game.

The shape of content creation changes. You get many people creating 1 piece of content, to be read by many people.

many:1:many
10/ Future

I think this is the future of content for many reasons.

- Scalable
- Natural virality
- Defensible, unique content

Instead of a newsletter article written by one person, I think we'll start seeing more pieces written by 10, assisted by 100, edited by 1000.
11 / Crypto

Crypto could play a big role.

By leveraging DAOs, content orchestrators can offer natural incentives and tiering through tokenization.

This is something I've been experimenting on with @jackbutcher.

readthegeneralist.com/briefing/gener…
12 / The Generalist

This is, at some level, what I'm trying to build at The Generalist. I think it's the best way to create value for subscribers.

- Better content thru collaboration
- Transparency around creation
- Opportunity to learn by contributing
- Connect with others
13 / The S-1 Club

One example: The S-1 Club.

- Twitter helps me find contributors
- Contributors deep research
- Contributors connect with each other
- Community watches process unfold
- Community makes suggestions

Could it be done on 100x the scale?
There are a lot of brilliant people who have influenced this thesis. I'd recommend following them

@jarroddicker
@ljin18
@AdamRy_n
@literature
@patrickxrivera

If you want to see what I'm building, jump at the link below.

readthegeneralist.com

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More from @mariodgabriele

15 Mar
We are live!

And the first buys are already in! Let's go @jackbutcher + @viamirror.

generalist.mirror.xyz/1T0h7VGDcECJui…
9:02PM: 5.065 ETH
9:02 PM: 6.7
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14 Mar
This is going to be fun.

Tonight @ 9 pm ET, we launch $GENERALIST, a token that supports our coverage of the Coinbase IPO. I'm working with @jackbutcher and @viamirror.

I have no idea what will happen. But here's why I'm excited...

readthegeneralist.com/briefing/gener…
*What are you doing?*

We're raising 20 ETH to fund the creation of 3 NFTs.

- NFT 1: The S-1 Club's coverage of $COIN with a cover artwork from @jackbutcher.

- NFT 2-3: Two additional $COIN-inspired pieces, also from Jack.
*Who can participate?*

Anyone with an Ethereum wallet. You might check out @rainbowdotme or @MetaMask if you don't have one yet. A few other details...

- 20 ETH raise
- 0.25 ETH cap per contributor
- First come, first serve
- 9 pm ET listing here...

generalist.mirror.xyz
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11 Mar
Coupang debuts on the NYSE today.

It's known as the "Amazon of South Korea." There's a lot more to it than that. I dug in with @sidharthajha @daveambrose @Stewbradley @kjlabuz @averyklemmer @nbashaw.



readthegeneralist.com/briefing/coupa… Image
1. "Amazon of South Korea"

It's a solid but incomplete description.

$CPNG is really like "Amazon x Instacart x DoorDash."

• Amazon: Core platform
• Instacart: Rocket Fresh
• DoorDash: Coupang Eats

Oh, and payments, too.
2. Started as a $GRPN clone

@daveambrose described it as the "greatest business pivot no one knows about." That's apt.

$CPNG started as a daily deals site. It did well, but really took off when they pivoted to an $EBAY-style marketplace. ImageImage
Read 12 tweets
9 Mar
$RBLX IPO is going to go *nuts* tomorrow.

After 2 delays, the gaming metaverse is finally listing. It could lock in the biggest pop yet.

Why?

↓↓

readthegeneralist.com/briefing/roblo…

h/t @ckurdziel @alice__LG @pinchedforgrowf @eric_seufert @brettbivens @dburben @nosreffeJtnayrB
Disclaimer: you should always do your own research. This is not investment advice, just sharing my thoughts based on digging deep into the business with some other smart folks.

#dyod
TL;DR

I think Roblox is going to be a generational business. Key reasons:

- Has a built-in economy
- Insane viral loops
- Free cash flow is off the chain
- Growing rapidly and monetizing well
- De-risked China

Let's walk through each.
Read 11 tweets
24 Jan
It’s here.

After months of building, the new, revamped, reimagined Generalist is ready. I can’t wait to show you.

Here’s what it means.

readthegeneralist.com
*How did this get started?*

In August of last year, shortly after going full-time, I decided The Generalist needed a permanent home. Something that captured the vision for all the great things I thought would come out of this community.

I set to work.
You can hear more about building the new site in the tweets below. Of course, if you’re excited to jump straight in, and become a member, you can do so here.

readthegeneralist.com
Read 18 tweets
22 Dec 20
Barry Diller has built one of the most unique businesses in the world.

IAC is an "anti-conglomerate" — a combination of companies meant to split apart. Over the years, that's included $EXPE, $MATCH, $TREE and others.

This is his playbook 👇

thegeneralist.substack.com/p/the-barry-di…
1

First, a little history.

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.
2

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.
Read 16 tweets

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