My First Million #69 - Paid News, Burning Money & Solving Climate Change
Apr 25, 2020
Dive into a playful discussion on the absurdity of burning money as a commentary on value. Discover how Asian markets are smarter at monetizing news, contrasting sharply with the U.S. model. Delve into the astonishing traffic of the Drudge Report and its impact on media narratives. Explore hidden revenue in enterprise software, revealing how maintenance fees often outshine direct sales. The conversation wraps up with innovative solutions for tackling climate change through reforestation, blending humor with critical insights.
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Money Burn Plan
- Shaan and a friend planned a $1,000 money burn in San Francisco to detach from money's value.
- Shaan canceled, fearing negative perception, but still appreciates the idea.
Monetizing News Apps
- Japanese and Chinese news apps successfully monetize through subscriptions, unlike free U.S. counterparts like Pocket and Flipboard.
- This presents an opportunity for paid news aggregators in America.
Paid Information Strategy
- Charge upfront for content, avoiding freemium models, to increase perceived value and revenue.
- Prioritize information density over aesthetics, emulating sites like Drudge Report.