Trung Phan Profile picture
Sep 14, 2023 12 tweets 6 min read Read on X
“Calvin & Hobbes” might be the purest comic strip ever in the artistic sense.

Despite its success — syndicated in 2k+ papers and 45m books sold — creator Bill Watterson avoided licensing.

By not licensing the IP for games and toys, he left an estimated $400m on the table.

He also refused to do an animated adaptation (even when approached by Hollywood legends like George Lucas and Steven Spielberg).

Watterson liked his low-tech process and believed the purest artistic expression of the comic strip medium was a single person writing every word and penning every stroke.

He believed this purity was compromised by commercialization, which is also why Watterson ended the strip after a 10-year run (1985 to 1995).

Instead of milking the comic, Watterson shut it down at the top. He gave an amazing explanation as to why during an interview with the Cleveland Plain Dealer in 2010:

➡️ “This isn't as hard to understand as people try to make it. By the end of 10 years, I'd said pretty much everything I had come there to say.

It's always better to leave the party early. If I had rolled along with the strip's popularity and repeated myself for another five, 10 or 20 years, the people now "grieving" for "Calvin and Hobbes" would be wishing me dead and cursing newspapers for running tedious, ancient strips like mine instead of acquiring fresher, livelier talent. And I'd be agreeing with them.

I think some of the reason "Calvin and Hobbes" still finds an audience today is because I chose not to run the wheels off it. I've never regretted stopping when I did.” ⬅️
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Leaving at the peak and having people want more is such an art.

I previously wrote about how The Beatles, Jerry Seinfeld, Steve Martin and Quentin Tarantino were able to pull it off. readtrung.com/p/the-art-of-l…
These two gags hits different for me after having a kid lol Image
This is a very fair point. A semi-analogy is Lego. In the 90s, it was totally against IP deals but then did Star Wars and Harry Potter sets, which brought in a whole new group of young users (as there was a play shift to online /TV away from physical toys).
Last “Calvin & Hobbes” panel ever (December 31st, 1995)
Bill Watterson was born in 1958, which means he walked away from the game at only 37. Unreal.

Side note: his sweater drip is 💯. Image
This is Marvel-level illustrating: x.com/pythiar/status…
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Go Comics posts a “Calvin and Hobbes” cartoon daily and there’s an official X @calvinandhobbes handle.

(h/t @Coscorrodrift)

gocomics.com/calvinandhobbe…
@calvinandhobbes @Coscorrodrift It’s also worth flagging that Watterson probably missed out on $100B worth of licensing fees by not cashing in on the “Calvin peeing decal”.

He once joked “I clearly miscalculated how popular it would be to show Calvin urinating on a Ford logo.” screenrant.com/calvin-hobbes-…
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@calvinandhobbes @Coscorrodrift Watterson explains his aversion to animating in an interview with Mental Floss: mentalfloss.com/article/53216/…
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Here is an amazing read comparing Charles Schultz (Peanuts) to Bill Waterson:

Peanuts (eg Snoopy, Charlie Brown) is a licensing juggernaut. Watterson idolized Schultz growing up but had reservations about the commercialization.

Schultz sees it differently.lareviewofbooks.org/article/sellin…


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More from @TrungTPhan

Apr 29
Boston Consulting Group (BCG) trained an AI slideshow maker called “Decker” on 900 templates and apparently gotten so popular that “some of its consultants are fretting about job security.” Image
Sorry, called “Deckster”. That excerpt was from this BI piece that also looked at McKinsey and Deloitte AI uses: businessinsider.com/consulting-ai-…

The Mckinsey chatbot is used by 70% of firm but same anonymous job board said it’s "functional enough" and best for "very low stakes issues." x.com/bearlyai/statu…
Here’s a r/consulting thread based on Computer World last year. Deckster was launched internally March 2024…some think it’s BS…some think it helps with cold start (B- quality): reddit.com/r/consulting/s…Image
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Read 4 tweets
Feb 4
Norway discovered off-shore oil in 1969. It launched its sovereign wealth fund with $300m in 1996.

It’s since grown 6,000x to $1.8T or $327,000 per Norwegian (5.5m people).

The fund owns 1.5% of all global equities but, most impressively, had a UX designer put a real-time fund value tracker on its website landing page.
Norway’s SWF roughly is 65% equity, 25% bond, 10% real estate/infra (all global).

Unsurprisingly, its largest holding is Apple ($47B, or 1.4% of the entire company).

On a related note, here is my deep dive podcast on Steve Jobs and making of the iPhone: podcasts.apple.com/us/podcast/caf…
Norway spared no expense on its SWF website. Look at that carousel!
Read 4 tweets
Feb 4
never forget that episode of “Nathan For You” when he launched a fire detector product and tried to avoid import tariffs by turning it into a music device
One company that has been very good at navigating international food tariffs/regulations is Trader Joe’s. Built its dairy and wine businesses by finding workarounds.

I explain in this deep dive podcast on Trader Joe’s business history and strategy: podcasts.apple.com/us/podcast/caf…
Nathan’s “Blues” Smoke Detector Instrument lololol:

— “concert quality”
— “pre-tuned to F-sharp”
— “9 battery lets you jam for hours” Image
Read 4 tweets
Jan 29
wow, found a rare interview of a DeepSeek co-founder talking about his first AI startup exit a few years ago
Jian Yang is my 2nd fave Asian founder who created a food-related product.

The 1st is David Tran, who built Sriracha (great on hot dogs) into a $1B brand using $20k of gold bars he snuck out of Vietnam in milk cans.

I tell the full story in this podcast: podcasts.apple.com/us/podcast/caf…
sold for $15m, what’s your excuse anon? Image
Read 4 tweets
Jan 17
Bookmarked a bunch of great David Lynch posts in past 24 hours (RIP to a legend):

1/ Martin Scorsese Tribute Image
Read 23 tweets
Sep 19, 2024
PayPal’s bland logo redesign was inevitable
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If you are the person that did the un-aligned letters for the previous eBay logo, please contact the research app team. We are huge fans of how un-aligned the “e” is with the “y”.Bearly.AI
This article offers up reasons for popularity of simple font logos (mostly Sans Serif):

— Easier to standardize ads across mediums
— Improves readability (especially on mobile)
— The “brand” matters more than the logo velvetshark.com/why-do-brands-…
Read 4 tweets

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