Chapter
Comparison of Various Tech Platforms and Business Strategies
17:56 - 24:45 (06:48)
The speaker highlights the similarities between different tech platforms such as Bit Cloud, Top Shot, and Clubhouse, and how they view new customers and merchants as valuable acquisitions. The speaker also discusses the impact of faster pickup times for ride-sharing services, leading to more rides and availability for drivers.
Clips
Explanation on the basics of buying and selling horses in the context of horse racing, where the purchase is based on the probability of the horse winning.
17:56 - 19:08 (01:11)
Summary
Explanation on the basics of buying and selling horses in the context of horse racing, where the purchase is based on the probability of the horse winning.
ChapterComparison of Various Tech Platforms and Business Strategies
Episode#181 - How Virtual Horses are Making Millions, A Potential 9-Figure Company & How to Bet on Anything
PodcastMy First Million
The speaker talks about his decision to invest in ZED after hearing about it from friends and learning more about it from the founders.
19:09 - 19:46 (00:37)
Summary
The speaker talks about his decision to invest in ZED after hearing about it from friends and learning more about it from the founders.
ChapterComparison of Various Tech Platforms and Business Strategies
Episode#181 - How Virtual Horses are Making Millions, A Potential 9-Figure Company & How to Bet on Anything
PodcastMy First Million
The latest craze in NFTs is digital horses, where users can speculate and trade them for profit or participate in games.
19:46 - 22:57 (03:11)
Summary
The latest craze in NFTs is digital horses, where users can speculate and trade them for profit or participate in games. The primary value is in the speculation and potential for profit, but there is also a gaming aspect to it.
ChapterComparison of Various Tech Platforms and Business Strategies
Episode#181 - How Virtual Horses are Making Millions, A Potential 9-Figure Company & How to Bet on Anything
PodcastMy First Million
Network effects occur when the value of a product or service increases as more people use it.
22:57 - 24:45 (01:47)
Summary
Network effects occur when the value of a product or service increases as more people use it. This leads to a virtuous cycle of increased user base, more profits for businesses, and increased value for existing users, making it harder for new competitors to enter the market.