I thought I wouldn't find any new terms, but really liked this one: "Thick vs. thin networks: Thick networks claim more profits for the center of a network, such as a corporate intermediary, and less for complementary layers, like creators, developers, and other network participants. Conversely, thin networks generate less profit for the network core and more for complements." ZORA seems to be a great example of a thin network. They help creators make money and take a small cut for each mint. It got me thinking that since thin networks take only a small %, they need scale to become profitable. This means that they might be hard to build without VC funding. On the other hand, it's much easier to take a smaller cut as a bootstrapped project where you decide what's your revenue appetite vs. a VC-funded startup that might have investors who want to generate more revenue per user to increase the company's value. | |