💡 @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.
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.
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...
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.