Guest Hawk Tuah discusses the monetization of viral moments, the best meme days in 2024, and the economics of hosting the Olympics. The hosts reflect on turning online fame into revenue, the challenges of sustaining profitability from short-lived fame, and the legacy of hosting big events like the Olympics.
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Quick takeaways
Host cities face economic challenges due to fixed deadlines and excessive spending on infrastructure.
Reusing existing facilities proves to be more cost-effective for cities hosting the Olympics.
Only established or wealthy cities can afford to host mega events like the Olympics due to soaring costs.
Deep dives
Economic Challenges of Hosting the Olympics
Cities hosting the Olympics often face economic challenges due to factors like fixed deadlines, penalties for non-compliance, and rigid project parameters. Excessive spending on infrastructure and obligations to the International Olympic Committee contribute to budget overruns. Reusing existing facilities, like London and Paris attempted, proves to be more cost-effective.
Impact on Cities and Infrastructure
London's regeneration from hosting the Olympics showcased the potential impact on cities and real estate. Paris is following suit by utilizing pre-existing venues. Tokyo's doubled budget due to delays and reduced revenue due to COVID-19 highlights challenges faced by host cities. Learnings from past Olympics don't easily transfer, limiting cost reduction strategies.
Future of Hosting Mega Sporting Events
As costs soar, only established or wealthy cities can afford to host events like the Olympics. The trend indicates that a limited number of cities globally possess the resources and infrastructure. Qatar and Brazil's experiences with hosting major events highlight concerns of post-event stadium utility and economic impact.
Logistical Challenges and Preparations
Logistical challenges, like overspending and penalties for delays, drive up the costs of hosting mega events. The need for existing infrastructure and the challenge of transferring learnings from previous host cities to reduce costs are major considerations for future event hosts. The economic impact on cities, like London's regeneration post-Olympics, can vary depending on effective resource utilization and planning.
Upcoming Episodes and Guest Appearances
The show plans to feature upcoming episodes and guests, including George Macon. The podcast will focus on providing engaging content to the audience, ensuring continuity during schedule variations. Listeners can expect diverse topics and insightful discussions on future episodes.
The NIA boys discuss Hawk Tuah, Best Meme Days in 2024 & The Economics of Olympics
Timestamps:
(00:00:00) - Intro
(00:09:26) - Hawk Tuah
(00:13:43) - Monetizing Viral Moments
(00:19:43) - Best Meme Days in 2024
(00:31:21) - The Economics of Olympics
What Is Not Investment Advice?
Every week, Jack Butcher, Bilal Zaidi & Trung Phan discuss what they're finding on the edges of the internet + the latest in business, technology and memes.