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If you’re an atoms business pitching your metaverse play in 2023… Odds are you’re not going to execute either well.

gonna revise and simplify this: the biggest arbitrage is literally just doing the work...

3: Celebrate failed decisions. Hey, at least you made a decision! They're either going to compound badly – no sweat, you're default dead anyways – or compound well – hey, you achieved the impossible, good job.

you are your restaurant recommendations

There's a truism in startups that's experiencing a renaissance given the markets: More people ≠ success. Your team size is not an indicator of how well things are going. But what's *really* behind that? Let's unpack. 🧵

if you're an employee at a startup worth $1B who joined in the past 2 years, there is a very, very high chance that your equity is worth $0.00... unless you're planning to stick around for the 5-7+ years it's going to take to recover a 90% dip in market value.

Many founders who raised large amounts of money ($10m+) in 2020-21 but subsequently realized they don’t have PMF, are going through an excruciating psychological journey right now. On one hand, they feel beholden to employees and investors to keep building, pivoting, doing

1/ A decade ago, we woke up with an incredible insight that fueled a wave of investment in digital media companies “wow, a lot of advertising is going to move to the internet, media companies benefit from all of that revenue in the analog world, so why not in the digital one?”

While today’s big 4 sports may seem like they’ve been dominant forever, we often forget the story of american boxing, which was once much more popular than football, basketball and hockey What happened to boxing — and how does it help predict the future of today’s major sports?

cpg friends. working on something really special in media space at intersection of music, sports, fashion. DM me if you want to chat 👀

Another Friday data🧵for you! Last Summer, the NFL pulled its mobile-only offering out of a distro partnership w/Verizon & brought it in-house. As of the end of Sept'23 , Antenna estimates NFL+ has just over 2M subs, up from a high last season of 1.7M.

nice lil’ Antenna shout out on The All-In Podcast — hey Chamath Palihapitiya next time call out the source!!!

In light of today's Netflix + #WWE news, we took a look at some historical data to provide some additional context around the deal. A quick lil' data 🧵... 1/3

AdExchanger's James wrote a prescient article last week: Walled Garden Platforms Are Drowning Marketers In Self-Attributed Sales. In it, he describes the problem of over-attribution: ad platforms claiming credit for driving a sale that they didn’t actually cause.

The year started off with Disney playing all angles of the sports streaming game in a confusing way... and just a week in, we're already seeing a much more cohesive & focused strategy that still positions them for the same big win. At the end of the day, it was always too much