Business. Music. Sports. Strategy. Innovation. A bit of Politics.
Founder @WatchMojo
Moonlight as Author, Cook, Historian, Investor, Teacher & Traveler.
Sep 4, 2023 • 11 tweets • 5 min read
1/ There is no honor anymore.
I've tried to avoid chiming in on @chamath & the "man in arena" meme; via @buccocapital
but a couple of folks asked me for my thoughts... so here are my general thoughts on the broader issues.
2/ Just in case you're wondering. #Chamath Palihapitiya is a successful executive and investor who:
- was born in Sri Lanka,
- moved to Canada
- got an Education in Canada,
- parlayed that for gigs in banking (Nesbitt Burns)
- before stints at AOL and Facebook, where presumably he made a ton of money thanks to Mark Zuckerberg's "move fast and break stuff" ethos, before raising money to invest.
So for the context of the "man in the arena" theme, if Chamath became a "made man," conceivably it was at Facebook, in some mid level manager/vp role... not as founder/CEO... which is fine... but devoid of proper context in this discussion, is worth mentioning.
Eventually, if my memory serves me right, he gave some/all of the investors' money back to manage his own because he didn't want to deal with LPs. That deserves some props, and balls.
May 8, 2022 • 11 tweets • 5 min read
1/ Media malaise use to convey old media, now it's felt at Netflix. mediagazer.com/220508/p3#a220…
The pace of change & disruption has accelerated and indeed the disrupters are now getting disrupted.What happened?
2/ 17 years ago when I launched @watchmojo this was the landscape. Old media lacked any incentive to embrace digital:
May 2, 2022 • 8 tweets • 2 min read
1/ Challenge for Vice isn't even valuation (that's a major one), but fit. Incredibly, when Disney sought to buy it, traditional media wasn't going all-in online in their own IP, building DTC biz models. They were still protecting their traditional IP... mediagazer.com/220429/p14#a22…2/ Today, Disney/Comcast/FOX/Paramount/et al. have all seen the future & re-invented themselves by turning inwards, doubling down on their own IP by going all-in digital. The usual suspects have taken their legacy assets and set sights on global reach web presents. Thus...
May 31, 2020 • 12 tweets • 6 min read
1/ How to address the socio-economic racial divide fastest?
Last year when I interviewed @SpikeLeeJoint I was given a whopping 5 minutes so I asked where would American society be if every Black American family got 40 acres and a mule after emancipation? 2/ Side note: more on what 40 acres and a mule refers to here: en.wikipedia.org/wiki/Forty_acr…
Today that was would be worth ~ $5 Trillion yesmagazine.org/issue/make-rig…
But back to the point I want to make...
May 31, 2020 • 14 tweets • 7 min read
1/ Having read & written hundreds of biographies of business cons, it will be interesting to see what @Facebook & Mark Zuckerberg's legacy will be.
There are definitely two sides to it. Let's start with the positives.
2/ Third richest person, having built the world's largest connective tissue bringing 2B together, usursing MySpace's seemingly unbeatable lead in social, becoming a thorn in side of search superpower @Google. With 2B+ users, Zuck built a Corponation that is pretty much unrivaled.
Mar 14, 2020 • 7 tweets • 2 min read
1/ Don't think people understand what will happen but it's more likely that I grow hair like Fabio than @airbnb IPO-ing any time soon.
businessinsider.com/covid-19-is-sh…2/ So many listers have leveraged up & bought 2nd/3rd properties, running multiples listings in HIGH DENSITY areas that are super reliant on tourism, most of which are no-go zones now and for foreseeable future.
Mar 13, 2020 • 9 tweets • 3 min read
1/ Were it not the whole "health pandemic aspect", entrepreneurs live for these times. We get bored when things get too routine.
I launched @watchmojo in 2006 with $250K I'd saved, and months later: bam, hit with a frivolous lawsuit by News/FOX. Mounted defence & prevailed, but
2/ before I could enjoy victory, lawsuit had scared off possible investors and before I knew it: I ran out of money by 2007, at which point the "unique" risk of lawsuit was dwarfed by systematic meltdown created by Lehman Bros.' econocalypse. Scarcity of resources forced clarity
Oct 2, 2019 • 9 tweets • 8 min read
1/ @profgalloway has been ahead of @WeWork story & unsure if this is the point HE'S making but a lot of people are retweeting/sharing & IMHO the target of their empathy seems misplaced & bizarre.
@profgalloway@WeWork 2/ Don't wanna say these jobs @Uber & @WeWork should not have existed/created as that's not accurate nor fair, but these high-risk jobs were created STRICTLY through the lens of money-losing, venture-funded framework under the paradigm of DISRUPTION...
1/Wonder why @youtube is fodder for conspiracy theories? Last Friday we published:
Counter-strike: Exposing ContentID Abusers.
How YouTube's ContentID system has become Google's Achilles Heel & exposes rights holders to antitrust & class action lawsuits 2/ Immediately we noticed the 40-min, 3GB file was stuck at “100% processed” despite being available to watch as an Unlisted video.
Apr 22, 2019 • 7 tweets • 2 min read
1/ U r seeing academics/journalists pushing case for Antitrust vs
AMZN boingboing.net/2017/08/07/eco…
FB papers.ssrn.com/sol3/papers.cf…
But usually Govt files Antitrust suit. If private citizens or firms can show they're victim of antitrust behavior they 2 can file suit 2 enforce antitrust law
2/ We've seen politicians r fairly unclear (i.e. Zuckerberg's testimony) about more obvious aspects of tech/internet, let alone intricacies of how vertical/horizontal integration (what took down Standard Oil, AT&T) creates unfair competition, lead to abuse of power in an industry
