It's so interesting to me that ppl ask what work will look like post-pandemic, as if working remotely never existed before.

Once restrictions subside, I think many of the same, very human dynamics will re-emerge.

As one of many long-term nomads, here's my take:

🧵 thread time!

An initial rush back will die out quickly.

Offices will exist, but far fewer and they'll become the watering hole. Ie: communal areas used fractionally.

Existing real estate will turn into part-time offices: cafes, clubs during the day, etc.

AKA anywhere with wifi.

Relationships are built off of who you spend the most time with. This is human nature.

Coworker relationships can still be healthy, but your closest relationships will be with those you're physically around.

Culture will benefit from semi-frequent offsites.

...will fade as ppl will have more exciting things to do.

They'll cowork. They'll go out to dinner. They'll hit up the gym.

Ask any long-term remote worker. Pandemic WFH != WFH.

The lines between work and "life" won't be so rigid as the office, but will improve.

To the ppl trying to solve remote culture by putting people in yet another Zoom, I can tell you that it doesn't work.

This doesn't mean that online communities *can't* work, but they need to be re-thought.

We can't just copy/paste offline behaviour online.

There will be a travel surge as restrictions are lifted. Many ppl will travel to many places. But this will only be a flash in the pan.

Ppl crave community and stability. Hedonism loses its luster after a while.

Ppl will "settle" in a location as they seek the familiar.

People will choose places tailored to their unique needs.

Pre-pandemic, this was often Canggu, Chiang Mai, Medellin, Lisbon (cc @NomadList)

Post-pandemic, there will be more diversity in the hubs.

But, the formula still remains: good wifi, weather, COL, and community.

A major driver of successful nomad hubs will be changes required in immigration/tax law.

Estonia, S Africa, Taiwan are among the countries already exploring "digital nomad" visas.

The countries ahead here will reap the rewards of bringing talent into their borders.

If not already, teams will inevitably globalize.

The benefits of expanding your talent pool have become too great to ignore.

Like anything democratized by the Internet, the best talent will win. Those without a competitive advantage will struggle in this reality.
Alright, that's a wrap.

There will be short-term noise as restrictions open up and people temporarily retreat back, but the long-term trends remain the same as pre-pandemic, just artificially accelerated.

What else is missing?

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More from @stephsmithio

9 Mar
If you watched the Meg & Harry doc, you may have been surprised to hear this name: @tylerperry

The man that offered his home to the pair has an incredible story of going from "poor as hell" to "billionaire"

How did he do it?

As Perry says, "ownership changes everything"

1/ Who is Tyler Perry?

You might recognize him in few films, but his on-screen performances are only a piece of the puzzle.

He built his empire as a screenwriter, director, equity-holder, author, real estate mogul... the list goes on.

And he's made sure to own every step.
2/ Tyler's net worth is $1B.

He's one of only ~3k billionaires and was listed by Forbes as "the highest-paid man in entertainment"

Comparative net worth:
- Taylor Swift: $365m
- DiCaprio: $260m
- Serena Williams: $225m

So how did he outperform these household names?

Read 19 tweets
2 Mar
There's a lot of hype around NFTs and very little nuance around them.

I tend to see 2 arguments:

1. This is the future
2. This is worthless

The world is not black & white.

NFTs are not useless, nor are they that useful intrinsically. But so are many other things in life.

1/ Let's first agree on a definition:

NFTS are unique, digital assets. You may liken them to a trading card or art.

Scarcity is built into the asset, so is often worth more than its inherent utility.

In buying an NFT, you are betting that ppl will care about it in the future.
2/ Now let's address whether "NFTs are worthless"

NFTs = tech, allowing you to monetize & track ownership of the underlying asset.

Ex: An artist can sell X to A, but also get a cut when A sells that asset to B.

This tracking mechanism is worth something. How much? It depends.
Read 16 tweets
1 Mar
Companies often make $ in ways that you may not expect.

People learning that Robinhood monetizes via PFOF is just one case.

Decoding companies & their biz models equips you to build more creatively, with more tools in your toolbox.

A few examples... 🧵

1/ Amazon: they just sell stuff online, right?

Yes... and no. Their profit center is AWS, making 50%+ of all profits ($Bs) for the giant.

Another sneaky tidbit about AMZN: their advertising business outperformed Twitter's last decade in 2020 alone.

2/ Airlines just sell flights, right?

No. In fact, their mileage programs are worth billions.

An appraisal of the U.S. part of the AAdvantage program was between $19.5-$31.5B... MORE than American is worth, total.

Airlines used these programs to secure $Bs in pandemic loans.
Read 7 tweets
17 Feb
After covering numerous companies at Trends, I've noticed: people think of competition too narrowly.

This is indicative of not understanding the root problem being solved.

Competition != products w the same features
Competition = anything overlapping w core value provided

Ex 1: Quibi died quickly. Some blame it on COVID. Others on frivolous spending.

But their oversight was thinking that they were competing with Netflix or Disney Plus.

Their competition was Twitter, TikTok, or your #1 podcast. Free, on-demand entertainment.
Ex 2: Neflix has fared much better.

Why? They understand the complexity of their competition graph.

Reed Hastings has astutely noted that it's not just Disney+ or HBO. They also compete with... sleep.

Their goal is to get more of your overall entertainment timeshare.
Read 7 tweets

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