Twitch and Netflix both faced rising content costs as their platforms grew, but Netflix's solution of creating original content helped them control costs and drive viewership.
The hype around Clubhouse is overblown and the risks outweigh the rewards. The valuation is for people who don't understand how difficult it is to create such a network.
This podcast episode discusses how social networks like YouTube, Twitch, and Twitter create a disparity between the value that the platform receives versus its creators. However, the renewed interest in building open-source alternatives like Bitcloud creates an opportunity to flip the ratio and direct value towards content creators.
The speaker shares a story about his friend who was able to get ownership in OnlyFans by investing and helping out in various ways, despite the platform not allowing general investments.
The companies that have the potential for success are the ones that enter established industries with the mindset of doing it better, like Zoom did with video conferencing and Google did with search engines.