Best: Society is massively underinvesting in funding independent creators
Chris Best · 20VC: Substack Founder Chris Best on The Future of Public Journalism, Why The Economics Of Attention Have Been Flipped & Why Micropayments For Content Will Not Work · Jun 12, 2020 · at 28:49
Chris Best, co-founder and CEO of Substack, discusses the traditional media ecosystem's economic shortfalls regarding funding independent writers.
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“I believe that it's sort of massively too little and that the ecosystem we have for a Funding creators, and a lot of it is valuing and funding creators, but really the net thing is funding creators in such a way that it causes great work to be done, that it causes, you know, great writing to come into existence that otherwise never would have. It causes sort of scenes and movements to form, and for sort of like the broader project of humanity to improve, it's like we're massively under-investing in that”
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