Passion Economy: Not All Communities Are Created Equal

Written by lijin | Published 2020/07/15
Tech Story Tags: venture-capital | startups | hackernoon-top-story | li-jin | vc | marketplace | passion-economy | business

TLDR Many companies/brands/creators profess to have community, when they really just have customers or followers. Building a community can indeed provide a moat. But–I find many companies profess to having community, many just have followers. To have a truly defensible community, I believe the following need to be present: high intentionality, P2P interactions, & UGC content. The hallmarks of ‘real” community:Intentionality. Members seek out the community as a destination, not just as part of a broader platform’s feed.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 2020/07/15