Despite Andreessen Horowitz (who I revere) doubling down, I'm not particularly optimistic about #Clubhouse with $FB, Reddit, $TWTR launching live audio.
1) Live conversations are more attractive with creators or community.
It's why its generally more fun to meet new people in a mutual friend setting. And it's why, as a consumer, the platform isn't natively compelling without big names like @elonmusk or @chamath hosting a talk.
2) As a creator, Clubhouse provides by far the lowest ROI on your creation time and energy.
Creators can only make a living by entertaining or educating and reaching large numbers to subsidize the cost ($3 CPM, $9.99/mo, $99 per ticket, etc)
3) Based on this, I believe the Clubhouse "feature" lives more naturally on Twitter, Reddit, or even as a call-in feature on Twitch/YouTube streams.
But ofc Andreesen Horowitz may know something we don't (killer feature roadmap, cohort data, special team)
4) This was from today's Morning Cents, consider subscribing for more like this every day! acouplecents.com/signup
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Ok this #CapitalGainsTax stuff warrants a thread because we're wading into what people misconstrue as "politics", but what I think of as "economic incentives"
As always, the reality is more nuanced than the narrative. I'll address the basics, feedback, & practical takeaways👇
1. Capital investment is the practice of putting your $ at risk in exchange for potential reward. Hence, risk/reward. The reward for putting your money at risk = "capital gains"
2. Types of capital investments you can make:
(a) OPERATING investment (Co. hires ppl, buys machines or builds houses)
(b) DIRECT investment (invest $ in Co. so they can hire ppl or buy machines)
(c) SECONDARY investments (buy from another person bc u think the value will go up)
Ok a thread on my thoughts on the safety of the #Peloton Tread and $PTON. Here’s the video of the safety concern. The CPSC posted a much more graphic video on YouTube (dont recommend watching). The open belt has the risk of sucking stuff under the machine.
1. On one hand, all treadmills are heavy machinery and children shouldn’t be allowed near them in use (or use them unsupervised).
2. The open back design is very common, and not specific to $PTON. Woodways look equally dangerous.
3. I took a look at my own ProForm folding treadmill, and it is definitely still at least 60% as dangerous as the #Peloton Tread.
4. BUT there does seem to be a bar below the belt that might prevent things from getting fully sucked under (so just partially sucked under)
My #1 piece of advice I have for those seeking financial freedom is to focus on "escape velocity". Money has funny physics that we have to overcome for those of us that don't inherit wealth. Here's how:
1. Money has a "Gravity" to it. A cup of Starbucks coffee, Chipotle burrito or 1BR apt costs the same for all of us. That means in order to live a relatively ordinary single life, you'll prob spend $30-40k per year in the US. Many obviously make do w much less & many spend more.
2. Because this, you can't even start the investing battle until you're making more post-tax than you spend. It's why budgeting, minimalism, and frugality content is so ubiquitously popular. It's easier to show people how to reduce spending and harder to show how to "make more"