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Chris Best

๐Ÿ‘ค Speaker
482 total appearances

Appearances Over Time

Podcast Appearances

The Prof G Pod with Scott Galloway
First Time Founders: Has Substack Changed Media For Good?

People are not immutable.

The Prof G Pod with Scott Galloway
First Time Founders: Has Substack Changed Media For Good?

They, you know, they enculture to a space they're in.

The Prof G Pod with Scott Galloway
First Time Founders: Has Substack Changed Media For Good?

And when I say the rules, what I'm talking, I'm not talking about, like...

The Prof G Pod with Scott Galloway
First Time Founders: Has Substack Changed Media For Good?

you know, what's the moderation policy or what's the, you know, terms of service or something.

The Prof G Pod with Scott Galloway
First Time Founders: Has Substack Changed Media For Good?

I'm talking about something a little bit deeper.

The Prof G Pod with Scott Galloway
First Time Founders: Has Substack Changed Media For Good?

I'm talking about kind of the underlying, the underlying game, the underlying economic incentives.

The Prof G Pod with Scott Galloway
First Time Founders: Has Substack Changed Media For Good?

Okay.

The Prof G Pod with Scott Galloway
First Time Founders: Has Substack Changed Media For Good?

If you're a social media platform who makes all of your money from, you know, a super efficient platform level ad exchange, right?

The Prof G Pod with Scott Galloway
First Time Founders: Has Substack Changed Media For Good?

And your business model is essentially aggregating attention and then selling it as a commodity to the highest bidder.

The Prof G Pod with Scott Galloway
First Time Founders: Has Substack Changed Media For Good?

You've built a system where you can, you know, if I'm that platform, I can value your time, but I can't really value what you value.

The Prof G Pod with Scott Galloway
First Time Founders: Has Substack Changed Media For Good?

or at least that's not part of my economic equation.

The Prof G Pod with Scott Galloway
First Time Founders: Has Substack Changed Media For Good?

And so if I go then build, let's say a feed algorithm and I'm running experiments and I'm trying to say, hey, how do I want this to work?

The Prof G Pod with Scott Galloway
First Time Founders: Has Substack Changed Media For Good?

What's gonna be good?

The Prof G Pod with Scott Galloway
First Time Founders: Has Substack Changed Media For Good?

What's gonna be bad?

The Prof G Pod with Scott Galloway
First Time Founders: Has Substack Changed Media For Good?

How do I make my business successful?

The Prof G Pod with Scott Galloway
First Time Founders: Has Substack Changed Media For Good?

I'm gonna optimize for how can I get as much of your time as possible

The Prof G Pod with Scott Galloway
First Time Founders: Has Substack Changed Media For Good?

kind of regardless of how much you value it.

The Prof G Pod with Scott Galloway
First Time Founders: Has Substack Changed Media For Good?

Like I might say, hey, I want you not to regret the time you spent, but in terms of raw economic reality, it's your time that matters.

The Prof G Pod with Scott Galloway
First Time Founders: Has Substack Changed Media For Good?

When you take that

The Prof G Pod with Scott Galloway
First Time Founders: Has Substack Changed Media For Good?

equation and you kind of like do the things that actually optimize that business, you end up pulling in these directions that create these, you know, hellish is probably the is the extreme way to put it.