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Matthew Prince

👤 Person
347 total appearances

Appearances Over Time

Podcast Appearances

Azeem Azhar's Exponential View
Inside the collapse of the internet economy (and what comes next)

Not perfect, but again, pretty darn good.

Azeem Azhar's Exponential View
Inside the collapse of the internet economy (and what comes next)

You also then inherently get a pretty good model for where the holes in human knowledge are.

Azeem Azhar's Exponential View
Inside the collapse of the internet economy (and what comes next)

And so again, I picture it like a block of Swiss cheese.

Azeem Azhar's Exponential View
Inside the collapse of the internet economy (and what comes next)

where there's a lot of cheese that's there, but there's a lot of different holes.

Azeem Azhar's Exponential View
Inside the collapse of the internet economy (and what comes next)

Because the business model of the web is going to change.

Azeem Azhar's Exponential View
Inside the collapse of the internet economy (and what comes next)

No matter what, it's going to change because answer engines are coming and they're better.

Azeem Azhar's Exponential View
Inside the collapse of the internet economy (and what comes next)

And as a result, the business model is going to change.

Azeem Azhar's Exponential View
Inside the collapse of the internet economy (and what comes next)

What I hope it changes to is,

Azeem Azhar's Exponential View
Inside the collapse of the internet economy (and what comes next)

is one in which we reward content creators that create content that fills in the holes in that cheese, where they're actually doing things where they're making things better.

Azeem Azhar's Exponential View
Inside the collapse of the internet economy (and what comes next)

And my favorite example of this is, like I flipped a Stockholm, Sweden project

Azeem Azhar's Exponential View
Inside the collapse of the internet economy (and what comes next)

in order to meet with Daniel Ek, the founder of Spotify.

Azeem Azhar's Exponential View
Inside the collapse of the internet economy (and what comes next)

Almost no one in the history of humanity has compensated creators at scale the way Daniel has.

Azeem Azhar's Exponential View
Inside the collapse of the internet economy (and what comes next)

And you might argue that, you know, it's unfair in some ways or that, but the simple facts are that last year, Spotify sent out $10 billion to people who are creating music, which is more than the entire music industry was worth.

Azeem Azhar's Exponential View
Inside the collapse of the internet economy (and what comes next)

just 20 years ago.

Azeem Azhar's Exponential View
Inside the collapse of the internet economy (and what comes next)

And so like you go up there and I was sitting with him and we had this really interesting conversation.

Azeem Azhar's Exponential View
Inside the collapse of the internet economy (and what comes next)

And one of the things he told me is, you know, when somebody searches for something on Spotify, if you search for like Taylor Swift, shake it off, like they're really certain that they can give you a result.

Azeem Azhar's Exponential View
Inside the collapse of the internet economy (and what comes next)

But if you search for something that they may not have anything about, like I want a song to a disco beat about how fun it is to dance with my cat.

Azeem Azhar's Exponential View
Inside the collapse of the internet economy (and what comes next)

doesn't exist, right?

Azeem Azhar's Exponential View
Inside the collapse of the internet economy (and what comes next)

And they know that it doesn't exist.

Azeem Azhar's Exponential View
Inside the collapse of the internet economy (and what comes next)

So they try and give you results, but they also know that those results aren't very good.