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autotrnslucence's profile
Jessica Watson Miller
Jessica Watson Miller
Jessica Watson Miller
@autotrnslucence

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Jessica Watson Miller

@autotrnslucence

Crypto PM. Salon over soapbox. Maybe a metarationalist or something. How do we improve large-scale human collaboration?

San Francisco, USA
autotranslucence.wordpress.com
Joined January 2017

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    1. Jessica Watson Miller‏ @autotrnslucence May 22

      Just got off a skype with my producer bff who is kicking ass in London where we pondered the question - why is it so hard for profitable art to get funding? Is it lack of market aggregation? Information flows? Legal barriers against instruments that would minimise volatility?

      4 replies 0 retweets 2 likes
    2. Venkatesh Rao‏ @vgr May 23
      Replying to @autotrnslucence

      What is ‘profitable art’?

      2 replies 0 retweets 2 likes
    3. Jessica Watson Miller‏ @autotrnslucence May 23
      Replying to @vgr

      In the case of live shows - An investor lends money. A producer assembles a team and produces a show. If it's a great show, in the right market, with the right promo, they sell out every night and nX the investor's ROI.

      2 replies 0 retweets 1 like
    4. Venkatesh Rao‏ @vgr May 23
      Replying to @autotrnslucence

      Regular live music seems to be thriving so I assume you mean other kinds of live performance acts

      1 reply 0 retweets 0 likes
    5. Jessica Watson Miller‏ @autotrnslucence May 23
      Replying to @vgr

      I used to direct circus, and my producer friend produces circus. If a live musician rehearses alone or in a band then they have very low overhead costs, and the agent/record company model seems to be working well for touring music. Circus/theatre/dance/comedy is more stuck.

      2 replies 0 retweets 0 likes
    6. Venkatesh Rao‏ @vgr May 23
      Replying to @autotrnslucence

      Might be the rapid cycle time. Capital tends to like parking at lower return for more time over higher return for short time. Less tax, less management work to redeploy.

      1 reply 0 retweets 0 likes
      Jessica Watson Miller‏ @autotrnslucence May 23
      Replying to @vgr

      Hmm. I keep cycling back to - why has nobody created a managed arts investment fund where people can park their money and an arts fund manager cycles it out to production companies/producers?

      6:16 PM - 23 May 2018
      1 reply 0 retweets 0 likes
        1. Venkatesh Rao‏ @vgr May 23
          Replying to @autotrnslucence

          It’s not a bad idea. Just that there have been better investment opportunities for a long time. Without looking at returns and spread numbers, I’d guess that they are net low (flops cost money too) and high management load. I’d guess broadway plays would be a good set to study.

          0 replies 0 retweets 0 likes
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