The last ~20 years has seen the emergence of an Internet middle class, where the combination of wide distribution, distributed business education, and platforms lets professionals create value from anywhere.

Some call it the "creator economy": stripe.com/blog/creator-e…
I got something of a front row seat for much of my career, supporting myself in rural Japan by developing software that I was able to sell through net-scale platforms like AdWords.

Back in the day this required a commanding amount of rolling one's own infra.
(Heck, back in the day the community was far less sophisticated than it is currently, and interested software people getting together would spend weeks upon weeks discussing "business models" because it was not straightforwardly obvious that one could simply sell software.)
Platforms have done an enormous service for creators by packaging the business knowhow and much of the stack(s) required into services which still require quite a bit of entrepreneurial skill to use well, but are much more accessible than they previously were.
Stripe has the privilege of supporting many of these platforms and, through them, the creators earning a living on the Internet. We recently used both our own data and some of our reach to try to survey this sector.

Results are in the post at the top of this thread.
Since the Long Tail was written I've been particularly interested in to what degree there is area in the tail where participation in the Internet economy is viable as a full-time occupation.

Happily, that portion of the curve is a) large and b) growing quickly. (~41% YOY in US!)
We're also seeing both anecdotal and statistical breakout performance in Japan recently, which warms my heart. I've long thought the best chance for reforming the work culture here is to give people better options, either at startups or in striking out on their own.
I've previously written that Stripe is a platform of platforms. If you're running a platform which serves the emerging Internet middle class, or want to start one, take a gander at stripe.com/use-cases/crea…
And while I don't have anything specific to say at the moment, I will say that a lot of our product roadmap in the near future will be very, very interesting to Internet creators.
Back in 2006 I spent 25% of my launch budget faxing a contract overseas to get payment processing set up.

Through working with platforms, we hope to enable experiences such as would have been unreasonably ambitious back then.
And hopefully in 15 years much of the Internet's middle class will think back wistfully to that day they first earned a dollar on the Internet. (Fax not required.)

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More from @patio11

22 Oct
I go between frustration for all of the obvious ways this rollout could have been much better, particularly in countries I’m socially close to, but do think we should celebrate how much of an accomplishment it represents for humanity.
The vaccine would be a Wonder of the World in a Civilization game, except we’re making it available to everyone. (On a time scale which is too long, to be true.)
Two days. Moderna had a working, safe, effective vaccine *two days* after we sequenced the genome of the virus.

Two. Days.
Read 4 tweets
21 Oct
Congrats to WeWork on the IPO.

For all of the kvetching about the company over the years, they took one of the most frustrating transactions in startup life and made a legitimately great offering, then survived almost the worst imaginable black swan possible for their model.
Disclaimer: I hold their bonds, and will continue holding until maturity. Wish I had liked them as much at 40 as I had at 100.
Disclaimer out of the way, I am professionally miffed that they are described asfraud adjacent when you can walk into any WeWork, sign up, start using it immediately, and it will do exactly what it says on the tin.

Extremely unjust how often Theranos comparisons thrown at them.
Read 4 tweets
21 Oct
In a world where almost every company has a /jobs page front ending an opaque recruiting machine it is crazily useful to signal "Hello fellow humans, here is my contact information and if you use it I will probably reply quickly."
I mean selfishly it is wonderful for me specifically that so much of the tech industry attempts to firewall e.g. staff engineering candidates from hiring managers and recruiters, but we cannot possibly be operating on the efficient margin here.
I am again struck by how much expectations are for the UX of customers versus candidates; can you imagine a product team which didn't give you any interface to see whether or not you were moving forward, or a sales team which had a multi-day reply SLA for inbound leads?
Read 4 tweets
20 Oct
"Ah I will just quickly make a change to that old hobby project. Let me boot up the VM which has the only working development environment for this 2012-era Rails app."

*VM fails to boot on M1 Macbook*

"Oh no."
That was an hour or two ago, and I've been untangling the dependency tree to find some combination of software which is young enough to run on this processor but doesn't have total incompatibility with e.g. Rails 3.2.21.
I had finally gotten through fiddling with a bunch of gem versions, bundle installed successfully, DB re-created successfully, tried to install the seed data and then:
Read 13 tweets
19 Oct
So if you have exactly my set of interests you'll buy this book on title alone:

The Dragon's Banker

It absolutely delivers on all promises of that title, and I'd rate it maybe 4/5 for writing and 5/5 for vicarious adventure capitalism thrills.

amazon.com/Dragons-Banker…
I bought it yesterday and couldn't put it down.

My other favorite in this extremely specific genre is the Dagger and the Coin series, which as a banking/dragon crossover suffers from too little banking and too few dragons, but is otherwise one of my favorite fantasy series ever.
Back to DB: I want to spoil all the ways it is both a good and frustrating account of banking for a dragon but they'd be spoilers, and part of the joy of the book is "Hah nice idea but he hasn't thought of HOLY #%*#(* HE HAS."
Read 4 tweets
19 Oct
Chargespot currently has a promotion where if you rent it from a 7/11 specifically it will cost 1 yen (a bit less than a penny) for up to 48 hours.

This was fantastic until they started promoting the promotion with push notifications, and now there are ~0 chargers available.
On one hand, great demonstration of microecon 101. I was contributing to the problem; I'd just rent a new one on spec every morning regardless of whether I'd need it because I go to my local convenience store daily anyway and might need walking-around power at some point.
So I guess my advice is Charge More so people can charge more?

OK, obligatory joke out of the way, here's the reason why they'd give this service away for a month: 7/11 is fairly clearly paying them to, to buy foot traffic. Each rental/return cycle causes two trips in.
Read 5 tweets

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