The Rise of Influencers

4min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

The social contract of Facebook Or any social media company worked was you bring in You bring in as a creator Which is not even a word At the time Influential is not a word. And Zuckerberg was a huge Personal fan Of Vin Diesel Exactly, exactly, very well documented Exactly That's a story how Vin Diesel made triplex too Just because Mark actually asked him to do so right? So But that was kind of the social contract Of the internet For several years but a few years ago and this has nothing to do with web 3 That contract shifted Right I think of companies like Cameo Where you're like Hey, you know what? I want to kind of like Make a living with my product

Sriram Krishnan is a GP at a16z Crypto and a defector from Web2 to Web3. Formerly a Product Lead at Facebook, Twitter, and Snapchat, Sriram has seen basically everything there is to see in the world of Web2, and especially Web2 social. He also hosts a podcast with his wife covering tech and internet creators, so he knows a thing or two about the world of creators, internet social platforms, and crypto.

------ ✨ DEBRIEF | Unpacking the episode: https://www.bankless.com/debrief-sriram-krishnan ------ What’s broken about Twitter, Instagram, and Facebook? And how can it be fixed? Can it be fixed? Sriram has many profound ideas.

Growing up in a small town in India with little opportunity, Sriram used the internet to change the course of his life. Now he worries that these same opportunities won’t be available for the next generation. He believes Web3 is the only way to keep the internet full of opportunity for the next generations.

In today’s episode, we cover why Sriram defected from Web2 to Web3, why Twitter can topple world governments but can’t sell ads effectively, why every social media network has to start with status, how crypto and AI intersect, and much more.

------ Topics Covered

0:00 Intro 7:14 Eliezer Yudkowsky 8:19 Sriram’s Thoughts on A.I. 11:35 Sriram’s Background & North Star 16:10 The Early Internet Explained 19:54 The Permissionless of the Internet Today 22:18 What Are API Keys? 25:55 Towers vs. Townsquares 28:24 TikTok Hearings & Web2 Solutions 36:13 Twitter 43:25 New Age of Twitter 49:29 Web3 Social Tour 1:02:46 Overcoming Web2 Network Effects 1:20:20 How to Crypto-Pill Elon 1:22:38 Web2 Pausing Web3 Adoption 1:26:32 Future of Creators 1:30:25 Web3 & Creators 1:35:06 Crypto & AI 1:40:33 Sriram’s Closing Arguments 1:42:22 Closing & Disclaimers

------ Resources:

Sriram & His Wife’s Podcast https://www.youtube.com/@AarthiAndSriram/videos https://www.aarthiandsriram.com/

Sriram’s Twitter https://twitter.com/sriramk

Eugene Wei’s Status-as-a-Service https://www.eugenewei.com/blog/2019/2/19/status-as-a-service

----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures