3min chapter

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch cover image

20VC: Eugene Wei on "Status as a Service", Why Networks Grow and Stop Growing, The Worst Design Choices Social Media Incumbents Have Made & The Next 10 Years of Media and the Metaverse

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

CHAPTER

How Compastive Media Has Become

i'm old enough to remember when allof the different forms of media in my life were spatially separated from each other. Now, every time i unlock my phone, i have every one of those things that i just talked about on my phone at my disposal. What that has done essentially is it puts all these industries into competition with each other in the attention economy. If you love video games far more than you love movies or television, you can play video game all day. And if you like music more than you like video games, you can listen to infinite libraries of music for ever and never finish. That's why reed hastings of neflick said, our biggest competitor is

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