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But the bigger problem is, whether you navigate the valley of death with crowd money or VC money, you're beholden to some source of other people's money (OPM) for growth capital. People who are NOT interested in writing as a frontier act of discovery.
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VCs want ROI (hence Buzzfeed etc), which means giving up on a discovery/exploration mission for chasing a slice of a shrinking advertising dollars pie, while crowdfunding capital demands returns in the form of Tribal Capital. It is no accident that Patreon is a set of tribes.
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Ah you’re using Tribe in some semi-technical way here? (Regardless, my suspicion is you could build a sizeable-enough Patreon audience to change some of this math that would simultaneously demand experimentation and discovery from you.)
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I've ranted about it in spots before. Too complex to get into. I might do a short bit on it later in my elderblog sutra thread of blogs I'm starting on ribbonfarm
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