Mike Mignano is a General Partner at Union Square Ventures and co-founder of Anchor.
Opinion
Mignano: Web3 platform take-rate focus solves the wrong creator economy problem
“The other thing I'll say is, and I think to your point, you know, there's a lot of talk about how web three, Will enable creators to increase their take rate because the platforms are, you know, the platforms are taking too much. I will be honest. I think this…”
Insight
Mignano: Fred Wilson's key VC lesson is to never pass on price
“I asked him, what are a couple of the biggest lessons? And one of them was, never pass on price. So Fred says, never pass on price.”
Insight
Mignano: Defining startups create massive markets rather than fitting pre-existing TAM
“The reality is all of the biggest markets were never as big as they were until the defining companies made them that way.”
Prediction Not checkable as stated
Mignano: Facebook's pivot to recommendation media creates room for new social giants
“And I think as a result, there's going to be sort of this vacuum of social experiences, true social experiences. And so I think if ever there was a time for a new startup to emerge, to create a great new groundbreaking social network or social experience, now …”
Opinion
Mignano: Clubhouse failed due to a flawed format, not community neglect
“I see a lot of criticism on, of Clubhouse online that I don't fundamentally agree with, which is, oh, they didn't focus, focus enough on the community. They didn't nurture the community enough. I actually don't think that's the case. I think the format was fla…”
Insight
Mignano: Social graphs are commoditized and inefficient for content distribution
“The social graph, as I said, is completely commoditized. Now, every social product that comes out can instantly have a social graph just by ingesting your contacts list, right? So you and I meet on the street somewhere. You say, Hey, Mike, what's your phone nu…”