How 100 True Fans Can Change Everything

Written by lijin | Published 2020/12/15
Tech Story Tags: passion-economy | marketplace | vc | li-jin | hackernoon-top-story | startups | venture-capital | venture

TLDR As Passion Economy grows, more people are monetizing what they love. Kevin Kelly: Creators need to amass only 100 True Fans, paying them $1,000 a year, not $100,000. By segmenting the customer base and offering greater value to top fans, creators can earn a living with a smaller total audience. This strategy is closely related to the concept of “whales” in gaming, in which 1 to 2 percent of users drive 80 percent of gaming companies’ revenue.via the TL;DR App

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Written by lijin | I am a founder and Managing Partner at Atelier, an early-stage VC firm.
Published by HackerNoon on 2020/12/15