Podcasts about Unbundling

Business Process Outsourcing (BPO) is a $300 billion industry powering the back- and front-office operations of the world's largest companies.In her article, "Unbundling the BPO: How AI Will Disrupt Outsourced Work," Kimberly Tan (Partner, a16z) explores how the rise of AI is challenging the status quo. In this episode, Kimberly unpacks the shift—from call centers and invoice processing to cross-system automation and coding agents. They explore how AI is redefining the economics of scale, unlocking new markets, and expanding the reach of automation beyond the Fortune 500. For founders and operators alike, this conversation offers a clear-eyed look at the playbook for building in this newly addressable space. Resources: Read the article: https://a16z.com/unbundling-the-bpo-how-ai-will-disrupt-outsourced-work/Find Kimberly on X: https://x.com/kimberlywtan Stay Updated: Let us know what you think: https://ratethispodcast.com/a16zFind a16z on Twitter: https://twitter.com/a16zFind a16z on LinkedIn: https://www.linkedin.com/company/a16zSubscribe on your favorite podcast app: https://a16z.simplecast.com/Follow our host: https://x.com/eriktorenbergPlease note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.

This interview was recorded for the GOTO Book Club.gotopia.tech/bookclubRead the full transcription of the interview hereStephen Fishman - Field CTO at Boomi & Co-Author of "Unbundling the Enterprise"Matt McLarty - CTO at Boomi & Co-Author of "Unbundling the Enterprise"Erik Wilde - Principal Consultant at INNOQRESOURCESStephenhttps://x.com/fistsOfReasonhttps://www.linkedin.com/in/stephenhfishmanhttps://github.com/StephenFishmanMatthttps://bsky.app/profile/mattmclartybc.bsky.socialhttps://x.com/MattMcLartyBChttps://www.linkedin.com/in/mattmclartybcErikhttps://www.linkedin.com/in/erikwildehttps://github.com/dretLinkshttps://itrevolution.com/articleshttps://www.hbs.edu/faculty/PagesDESCRIPTIONHow can businesses thrive by embracing optionality through digital transformation?Authors Matt McLarty and Stephen Fishman talk about their book “Unbundling the Enterprise” with Erik Wilde. They highlight the power of APIs and flexible systems in enabling companies to capitalize on unforeseen opportunities, or "happy accidents," and how low-cost experimentation can drive long-term success.The conversation emphasizes that optionality is crucial not only in tech but also in business strategy, urging organizations to view their digital capabilities as part of a broader platform that supports both developer empowerment and revenue growth. With insights on optimization, platform engineering, and the importance of aligning technology with business objectives, the authors offer a roadmap for companies to navigate the future with agility and resilience.RECOMMENDED BOOKSStephen Fishman & Matt McLarty • Unbundling the EnterpriseCarliss Y. Baldwin • Design Rules, Vol. 2Matthew Skelton & Manuel Pais • Team TopologiesForsgren, Humble & Kim • Accelerate: The Science of Lean Software and DevOpsKim, Humble, Debois, Willis & Forsgren • The DevOps HandbookMik Kersten • Project to ProductAndrew Harmel-Law • Facilitating Software ArchitectureBlueskyTwitterInstagramLinkedInFacebookCHANNEL MEMBERSHIP BONUSJoin this channel to get early access to videos & other perks:https://www.youtube.com/channel/UCs_tLP3AiwYKwdUHpltJPuA/joinLooking for a unique learning experience?Attend the next GOTO conference near you! Get your ticket: gotopia.techSUBSCRIBE TO OUR YOUTUBE CHANNEL - new videos posted daily!

Craig Miller – CEO, Anglo American Platinum. Volg RSG Geldsake op Twitter

This week, we discuss how LLMs are changing software development, OpenAI's deep research, and why the Gartner Hype Cycle persists. Plus, a business plan built entirely around ice! Watch the YouTube Live Recording of Episode (https://www.youtube.com/watch?v=JyTb1v4-oZQ) 506 (https://www.youtube.com/watch?v=JyTb1v4-oZQ) Runner-up Titles I bought the DevOps I'm always looking for tomatillas You're making a strong case for RTO The CEO of ice. The VP of Ice Machines. What you are doing is toil I think about WALL-E every day Eliminating the first draft Rundown The End of Programming as We Know It (https://www.oreilly.com/radar/the-end-of-programming-as-we-know-it/) Apple Earnings, OpenAI Deep Research, The Unbundling of Substantiation (https://stratechery.com/2025/apple-earnings-openai-deep-research-the-unbundling-of-substantiation/) Gartner's Grift Is About To Unravel (https://dx.tips/gartner) Relevant to your Interests Google goes heavy on investment but light on detail (https://on.ft.com/3Q619Wc) Researchers created an open rival to OpenAI's o1 'reasoning' model for under $50 (https://techcrunch.com/2025/02/05/researchers-created-an-open-rival-to-openais-o1-reasoning-model-for-under-50/) Dumping open source for proprietary rarely pays off: Better to stick a fork in it (https://www.zdnet.com/article/dumping-open-source-for-proprietary-rarely-pays-off-better-to-stick-a-fork-in-it/) Report: OpenAI's ex-CTO, Mira Murati, has recruited OpenAI co-founder John Schulman (https://techcrunch.com/2025/02/06/report-openais-ex-cto-mira-murati-has-recruited-openai-co-founder-john-schulman/) Broadcom and Nvidia are capitalizing on the return of the winner-take-all AI trade (https://sherwood.news/markets/broadcom-and-nvidia-are-capitalizing-on-the-return-of-the-winner-take-all-ai/) When will remote workers see their pay cut? (https://www.economist.com/finance-and-economics/2025/02/06/when-will-remote-workers-see-their-pay-cut) How Microsoft Releases Changes to Azure - Safe Deployment (https://luke.geek.nz/azure/azure-platform-release-process/) Servers can last a long time (https://world.hey.com/dhh/servers-can-last-a-long-time-165c955c) Matt Mullenweg: WordPress Controversy, Future of Open Source AI, and Navigating Backlash (https://theloganbartlettshow.substack.com/p/matt-mullenweg-wordpress-controversy?utm_source=post-email-title&publication_id=1161376&post_id=156676755&utm_campaign=email-post-title&isFreemail=true&r=yr5ci&triedRedirect=true&utm_medium=email) Turn/River Agrees to Buy SolarWinds Years After Cyber-Attack (https://finance.yahoo.com/news/turn-river-agrees-buy-solarwinds-174426287.html) Gartner's Grift Is About To Unravel (https://dx.tips/gartner) Developer creates endless Wikipedia feed to fight algorithm addiction (https://arstechnica.com/gadgets/2025/02/new-wikitok-web-app-allows-infinite-tiktok-style-scroll-of-wikipedia/) You Didn't Notice MP3 Is Now Free (https://idiallo.com/blog/listen-mp3-is-free?ref=labnotes.org&utm_source=substack&utm_medium=email) The DevTools Ceiling: great as Open Source, AND a Terrible Business (https://dx.tips/ceiling) The VGHF Library opens in early access | Video Game History Foundation (https://gamehistory.org/vghf-library-launch/) Docker Announces Don Johnson as New CEO, Succeeding Scott Johnston (https://www.globenewswire.com/news-release/2025/02/12/3025262/0/en/Docker-Announces-Don-Johnson-as-New-CEO-Succeeding-Scott-Johnston.html) Developers Unhappy With Tool Sprawl, Lagging Data, Long Waits (https://thenewstack.io/developers-unhappy-with-tool-sprawl-lagging-data-long-waits/) Thomson Reuters Wins First Major AI Copyright Case in the US (https://www.wired.com/story/thomson-reuters-ai-copyright-lawsuit/) Apple brings heart rate monitoring (https://techcrunch.com/2025/02/11/apple-brings-heart-rate-monitoring-to-powerbeats-pro-2/) Nonsense TabBoo (https://tabboo.xyz/) Conferences DevOpsDayLA (https://www.socallinuxexpo.org/scale/22x/events/devopsday-la) at SCALE22x (https://www.socallinuxexpo.org/scale/22x), March 6-9, 2025, discount code DEVOP VMUG NL (https://vmugnl.nl), March 12th, Coté speaking. DevOpsDays Chicago (https://devopsdays.org/events/2025-chicago/welcome/), March 18th, 2025. SREday London (https://sreday.com/2025-london-q1/), March 27-28, Coté speaking (https://sreday.com/2025-london-q1/Michael_Cote_VMware__Pivotal_Platform_Engineering_for_Private_Cloud). 10% with code LDN10 Monki Gras (https://monkigras.com/), London, March 27-28, Coté speaking. Cloud Foundry Day US (https://events.linuxfoundation.org/cloud-foundry-day-north-america/), May 14th, Palo Alto, CA NDC Oslo (https://ndcoslo.com/), May 21-23, speaking. KubeCon EU (https://events.linuxfoundation.org/kubecon-cloudnativecon-europe/), April 1-4, London. SDT News & Community Join our Slack community (https://softwaredefinedtalk.slack.com/join/shared_invite/zt-1hn55iv5d-UTfN7mVX1D9D5ExRt3ZJYQ#/shared-invite/email) Email the show: questions@softwaredefinedtalk.com (mailto:questions@softwaredefinedtalk.com) Free stickers: Email your address to stickers@softwaredefinedtalk.com (mailto:stickers@softwaredefinedtalk.com) Follow us on social media: Twitter (https://twitter.com/softwaredeftalk), Threads (https://www.threads.net/@softwaredefinedtalk), Mastodon (https://hachyderm.io/@softwaredefinedtalk), LinkedIn (https://www.linkedin.com/company/software-defined-talk/), BlueSky (https://bsky.app/profile/softwaredefinedtalk.com) Watch us on: Twitch (https://www.twitch.tv/sdtpodcast), YouTube (https://www.youtube.com/channel/UCi3OJPV6h9tp-hbsGBLGsDQ/featured), Instagram (https://www.instagram.com/softwaredefinedtalk/), TikTok (https://www.tiktok.com/@softwaredefinedtalk) Book offer: Use code SDT for $20 off "Digital WTF" by Coté (https://leanpub.com/digitalwtf/c/sdt) Sponsor the show (https://www.softwaredefinedtalk.com/ads): ads@softwaredefinedtalk.com (mailto:ads@softwaredefinedtalk.com) Recommendations Brandon: Oxide and Friends | AI Disruption: DeepSeek and Cerebras (https://oxide-and-friends.transistor.fm/episodes/ai-disruption-deepseek-and-cerebras) Matt: Beats Fit Pro (https://www.beatsbydre.com/earbuds/beats-fit-pro/MK2J3/sage-gray) Coté: Alfred (https://www.alfredapp.com). 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Our guests on this episode of Data Driven Finance are Stephen Fishman and Matt McLarty, authors of the book “Unbundling the Enterprise – APIs, Optionality, and the Science of Happy Accidents.” Stephen is North America Field CTO at Boomi and a Strategic Advisor at Revenium, while Matt is Boomi's Chief Technology Officer. There's a lot in the book about APIs, what they can power, and how they can be leveraged to create the experiences we'll be experiencing ahead. Topics covered include: What finance businesses should know about what APIs can do that tech experts already know? Why companies who leveraged APIs early rapidly became some of the biggest in the world. Did you know Google Maps never intended to make their API available to third party developers? Hear why they did. Who are the financial businesses that gave themselves an advantage years ago? What does it mean to “unbundle the enterprise”? How are financial institutions doing in terms of awareness and adoption of API opportunities? What is capability capitalization? Why it's better for finserv companies to go on offense with optionality than to engage in “reluctant compliance” with regulations. The three methodologies financial businesses need for an effective API strategy. The value in data being non-fungible, non-rivalrous, and experience-dependent. What are the risks of this kind of API-driven digital transformation? Helpful Links Stephen Fiscman Matt McLarty Unbundling the Enterprise book Boomi Yodlee 

In this episode, Colin Rule interviews Forrest (Woody) Mosten about his chapter in the new book Family Dispute Resolution: Process and Practice. Woody's chapter is titled "Limited Scope Representation: An Important Tool and Peacemaking Catalyst for Family Dispute Resolution" and it examines unbundling and limited scope representation models for family cases. This podcast is part of a continuing series interviewing authors from Family Dispute Resolution: Process and Practice. About the book: "Over the last 50 years family justice systems in the United States and elsewhere have evolved from a predominant adversarial approach focused on litigation to the significant integration of more collaborative, settlement-oriented approaches, especially mediation. In Family Dispute Resolution: Process and Practice some of the field's leading practitioners, researchers, teachers, and policymakers provide an overview of the modern family dispute resolution processes designed to help separating and divorcing parents make decisions about the future of their families. Chapters in this book address the growth of divorce mediation and other specialized processes including parenting coordination, arbitration, child-inclusive mediation, and online dispute resolution. They describe how to work with families experiencing issues including domestic violence, high conflict, substance misuse, and the lack of legal representation. Case management initiatives and special issues, including social science research and conflicting standards of practice, are also explored. Family Dispute Resolution provides a wide-ranging look at contemporary family dispute resolution processes and is essential reading for everyone interested in learning more about working with separating and divorcing families, including professionals, and law and graduate students." Buy it here:  https://global.oup.com/academic/product/family-dispute-resolution-9780197545904 https://www.amazon.com/Family-Dispute-Resolution-Handbook/dp/0197545904

Stephen Grootes discusses with Matthew Cruise, Energy Expert the alarming warning by Eskom chair Mteto Nyati regarding the significant risk posed by municipal debt to the unbundling of Eskom's distribution unit.See omnystudio.com/listener for privacy information.

In this special replay episode Ambar Bhattacharyya of Maverick Capital joins Nick to discuss Healthcare Deep Dive – How AI and GLP-1 Megatrends Affect the Industry, Why Specialities Need to be Integrated, and Insights on Bundling vs. Unbundling. In this episode we cover: Healthcare Trends, Including High Deductible Health Plans and Cash Pay Models US Halthcare System, Incentives for Preventative Medicine, and Potential for Value-Based Outcome-Oriented Systems AI Adoption in Healthcare, Including Adoption and Risks The Future of Healthcare Technology, New Codes, and Credentialing Process Healthcare, Aging, and End-of-Life Care Guest Links: LinkedIn X Maverick The hosts of The Full Ratchet are Nick Moran and Nate Pierotti of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area. Want to keep up to date with The Full Ratchet? Follow us on social. You can learn more about New Stack Ventures by visiting our LinkedIn and Twitter. Are you a founder looking for your next investor? Visit our free tool VC-Rank and we'll send a list of potential investors right to your inbox!

My comprehensive year in review covering personal achievements, business developments, and investment strategies in 2024. I share a detailed breakdowns of my wealth allocation, business portfolio performance, and social media growth. The review emphasizes a shift toward business simplification, increased focus on AI and technology integration, and the importance of building sustainable, scalable ventures.Timestamps:00:00 - Intro01:38 Biggest wins05:54 Biggest losses and lessons11:47 - Q&A from social media18:00 - Growth across social platforms25:00 - Wealth breakdown and investments33:03 - Business updates48:16 - Productivity gains50:48 - New insights and learningsKey Points:• Personal milestone of having first child and significant net worth achievement• Business portfolio performance across Late Checkout Agency, Boring Marketing, and other ventures• Portfolio breakdown: 75% stocks, 16% private equity, 7% real estate, 2% crypto• Platform growth across YouTube (11K to 146K subscribers), X/Twitter (361K to 420K followers)• Strategic shift toward simplification and focus on building "skyscrapers, not strip malls"1) BIG WINS 2024:• Had a baby • Started lifting consistently (+15-20 lbs muscle)• Grew podcast into major platform• Hit personal net worth milestone2) Portfolio breakdown (fascinating):• 75% stocks• 16% private equity• 7% real estate• 2% cryptoTop holdings:• 10% Berkshire• 10% SPY• 8% Apple• 7% Amazon3) Business Updates:Late Checkout Agency (LCA):• Found their niche: AI interfaces + community products• Booked solid with major brands• Started taking equity deals with billion-dollar companies Boring Marketing & Boring Ads:• Both crushing it• $100M+ in ad spend managed• 76 meetings booked in next few weeks• Unbundling tools for DIY customers• Created Boring Holdings umbrella company5) Key productivity unlocks:• Switched to Yerba Mate for afternoon energy• Simplified from Notion to Apple Notes• Using Things app for to-do lists• Less tools, more focus6) Platform Growth 2024:YouTube: 11K → 146K subsX: 361K → 420K followersLinkedIn: 82K → 149KNewsletter: 72K → 120K subsPodcast: 360K → 575K downloads7) Best decision framework:"Friday Afternoon Test"- Only make big decisions Friday PM when tired- If it still feels right then, it's probably right- Prevents caffeine-fueled impulse choices8/ MAJOR hiring insight:"Day Zero Integrity Test"• Give unclear instructions for small task• See if they ask questions or just guess• Reveals everything about future behavior9/ Key lessons:• Trust but verify (especially with remote teams)• Simple over Complex• Double down on what's working• Build skyscrapers, not strip malls• Tech investment over immediate profits10) 2025 Focus:• Finding long-term business partners• Building more proprietary tech• Simplifying business structure• Going harder on current opportunities• Scaling what worksNotable Quotes:"If this scales, do I want to be in that business? If not, what is the business that I want to be in?""My main mission is to build skyscrapers, not strip malls."Want more free ideas? I collect the best ideas from the pod and give them to you for free in a database. Most of them cost $0 to start (my fav)Get access: https://www.gregisenberg.com/30startupideasLCA helps Fortune 500s and fast-growing startups build their future - from Warner Music to Fortnite to Dropbox. We turn 'what if' into reality with AI, apps, and next-gen products https://latecheckout.agency/BoringAds — ads agency that will build you profitable ad campaigns http://boringads.com/BoringMarketing — SEO agency and tools to get your organic customers http://boringmarketing.com/Startup Empire - a membership for builders who want to build cash-flowing businesses [https://www.startupempire.co](https://www.startupempire.co/)FIND ME ON SOCIALX/Twitter: https://twitter.com/gregisenbergInstagram: https://instagram.com/gregisenberg/LinkedIn: https://www.linkedin.com/in/gisenberg

Highlights from this week's conversation include:Taylor's Background and Journey in Data (0:45)Modern Data Practices and AI (1:46)Arch's Mission and Collaboration (3:02)Data Movement and Business Needs (6:12)Bundling and Unbundling of Data Tools (8:26)Cost of Computing and Data Storage (13:22)AI Agent Models in Data Analytics (16:09)AI Analyst and Data Democratization (18:34)Decentralizing Data Expertise (20:08)Anchoring Questions in Business Metrics (23:32)Challenges for Mid-Market Companies (27:55)Creating Metrics in Organizations (29:53)User Experience in AI Interactions (34:54)Human-AI Collaboration (36:49)Managing AI Agents (39:39)Understanding Customer Data Needs (42:47)Automation of Data Parsing (45:05)Final Thoughts and Takeaways (46:16)The Data Stack Show is a weekly podcast powered by RudderStack, the CDP for developers. Each week we'll talk to data engineers, analysts, and data scientists about their experience around building and maintaining data infrastructure, delivering data and data products, and driving better outcomes across their businesses with data.RudderStack helps businesses make the most out of their customer data while ensuring data privacy and security. To learn more about RudderStack visit rudderstack.com.

In this episode of Numbers and Narratives, we rambled about a wide array of things including conference experiences, the trend of bundling vs. unbundling in SaaS products, and the challenges of building software for small businesses. Key takeaways from the discussion:Value of smaller, focused conferencesBundling trend in SaaS productsChallenges of all-in-one solutionsRippling as an example of the aboveImportance of "one core feature" in bundled productsWe talked about the benefits of attending smaller, more focused conferences that prioritize education and networking over aggressive product pitching. In regards to software, we focused on SMBs and the potential drawbacks of all-in-one solutions.

“The OOOps methodology from the science of happy accidents are optionality, opportunism, and optimization.” Stephen Fishman and Matt McLarty are the authors of “Unbundling the Enterprise: APIs, Optionality, and the Science of Happy Accidents”, a book from IT Revolution. In this episode, we discuss the transformative power of APIs, the importance of optionality in technology and business, and the intriguing science of ‘happy accidents'. We delve into the “OOOps” of the science of happy accidents, which are optionality through API unbundling, opportunism through value dynamics, and optimization through feedback loops. Stephen and Matt share real-world examples of how companies like Amazon, Google, and Cox Automotive have successfully unbundled their enterprises and leveraged optionality for growth and innovation. Also, hear the story and impact of Jeff Bezos's legendary API mandate at Amazon, which revolutionized Amazon to become the giant it is now. Towards the end, we discuss the role of AI in the future of work and how we can use AI along with APIs to embrace more optionality and create more business value. Listen to the full episode to learn more about how you can apply these concepts to your digital transformation journey and benefit from the power of APIs and optionality.   Listen out for: Career Turning Points - [00:01:51] “Unbundling the Enterprise” Book - [00:05:21] Amazon API Revolution - [00:08:39] What Drove Jeff Bezos's Mandate - [00:14:10] Optionality Through API Unbundling - [00:17:36] Happy Accidents - [00:23:59] Opportunism Through Value Dynamics - [00:26:59] Value Dynamics - [00:30:55] Optimization Through Feedback Loops - [00:38:03] Embracing AI - [00:45:24] 4 Tech Lead Wisdom - [00:52:02] _____ Stephen Fishman's BioStephen Fishman (Fish) is the NA Field CTO for Boomi. He is a practicing technologist who brings creativity, rigor, and a human-centric lens to problem-solving. Known as an expert in aligning technology and business strategy, Stephen places a premium on pushing business and technology leaders to embrace iteration and the critical need to collaborate across disciplines. In addition to consulting with large organizations, Stephen is an in-demand speaker and advisor. Stephen has led multidisciplinary teams to deliver amazing results at Salesforce, MuleSoft, Cox Automotive, Sapient, Macy's, and multiple public sector institutions including the US Federal Reserve and the CDC. Matt McLarty's BioMatt McLarty is the Chief Technology Officer for Boomi. He works with organizations around the world to help them digitally transform using a composable approach. He is an active member of the global API community, has led global technical teams at Salesforce, IBM, and CA Technologies, and started his career in financial technology. Matt is an internationally known expert on APIs, microservices, and integration. He is co-author of the O'Reilly books Microservice Architecture and Securing Microservice APIs, and co-host of the API Experience podcast. Follow Stephen: LinkedIn – linkedin.com/in/stephenhfishman Email – stephen.fishman@boomi.com Follow Matt: LinkedIn – linkedin.com/in/mattmclartybc Email – matt.mclarty@boomi.com Book & Podcast:

Chris Yelland, Energy analyst weighs in on Eskom's launch of the National Transmission Company of South Africa (NTCSA).See omnystudio.com/listener for privacy information.

Bundling is defined by the ADA as "The systematic combining of distinct dental procedures by third-party payers that results in a reduced benefit for the patient/beneficiary."When Tracy and I met with the ADA last June, we pointed out how the ADA needs to quickly define the term “unbundling” because the dental insurance companies have been defining it in ways that benefit them. Tracy wrote out the definition for the ADA to use, and this definition is a big deal for all of us on PPO plans. The ADA executive was surprised the ADA had not defined it, and hopefully they will soon. Support the show

Oren Yunger of Notable Capital joins Nick to discuss Who Wins in the Cat and Mouse Game of Cyber, Open Source's Role in Security, The Dealflow Network that Sources Deals and Vetts Them, and Will The Future Bring More Bundling or Unbundling? In this episode we cover: Navigating Playbooks and Founder Experience Supporting Founders and Cybersecurity Startups Cybersecurity Trends and Open Source Investing in Israel and Tech Hubs Investing Models and Strategic Partnerships Cybersecurity Market Dynamics and AI Impact Consolidation and Best-of-Breed Solutions Identity Management and Deepfakes Guest Links: Oren's LinkedIn Oren's Twitter/X Oren's Personal Website Notable Capital's LinkedIn Notable Capital's Website The hosts of The Full Ratchet are Nick Moran and Nate Pierotti of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area. Want to keep up to date with The Full Ratchet? Follow us on social. You can learn more about New Stack Ventures by visiting our LinkedIn and Twitter. Are you a founder looking for your next investor? Visit our free tool VC-Rank and we'll send a list of potential investors right to your inbox!

In this episode of Turpentine VC, Erik Torenberg welcomes back Tomasz Tunguz, GP of Theory Ventures. They dissect the investment landscape of data businesses through the lens of Databricks. They analyze the company's growth trajectory, competition with Snowflake, and its potential in the AI era. Tom presents bull and bear investment cases, discusses valuation metrics, and explores the strategic importance of data catalogs. They also cover the emerging trends in the modern data stack, potential market consolidation, and the impact of AI on investment opportunities.

Mark Smargon is co-founder and CEO at Fuse a leading web3 platform for business and finance, powered by a performant zkEVM tailor-made to get millions of consumers on-chain. Why you should listen Fuse Network is a blockchain platform focused on simplifying Web3 payments and making blockchain technology more accessible to businesses and developers. It combines features like Account Abstraction, interoperability, and community engagement to create a user-friendly environment for decentralized applications and financial transactions. Fuse is designed to empower anyone with the ambition to build on a decentralized blockchain infrastructure. Whether you're an existing crypto project, a startup, or a blue-chip company, Fuse welcomes you with open arms. This versatility enables the development of a wide range of products, from gaming and social applications to Web3 payment-focused solutions. Fuse delivers a fast, cheap and borderless payment experience with their stablecoin-first payment stack. Supporting links Stabull Finance Fuse Andy on Twitter  Brave New Coin on Twitter Brave New Coin If you enjoyed the show please subscribe to the Crypto Conversation and give us a 5-star rating and a positive review in whatever podcast app you are using.  

Is Implementing CLMs Still Worth It for Legal Departments? Once hailed as the pinnacle of legal tech innovation, Contract Lifecycle Management (CLM) systems are now facing scrutiny. Are they still worth the investment, or have they become a drain on time, money, and resources? Listen in on this fireside chat where Law Insider President and Co-Founder, Preston Clark, was joined by Zach Abramowitz and Daniel Lewis to discuss the shifting landscape of contract management technology. They cover the following subjects: Understand the Evolution: Learn how CLM, once the most exciting vertical in legal tech, has quickly transitioned to a legacy system. Identify Inherent Flaws: Discover the inherent flaws in CLM systems that create challenges for nearly every customer. Explore Alternatives: Legal departments now have numerous options to improve contracting without the high costs associated with traditional CLM systems.

Peter Drucker said it years ago: Your job is to create a customer. But creating a customer can be hard, especially as media and creators and influencers get bought out… The post Revisiting Bundling, Unbundling, and Customer Acquisition (Thinks Out Loud) appeared first on Tim Peter & Associates.

Last month, Ashby raised a $30M Series C. Ashby is used by customers like Notion, Ramp and Sequoia. Benji built Ashby as an end-to-end Applicant Tracking System (ATS) that would replace several point solutions. He had to build heads down for 18 months and couldn't launch a simple MVP.Surprisingly, even though he raised $3.5M at seed, he didn't grow his team. He built the product with just 3 people. "We could spend time recruiting or we could spend time building"-- he decided to build.When they launched, they grew to $200K in ARR within a year and then 10x'd a year after that. Here's the story of how they found product-market fit.Why you should listenWhy keeping your team small helps you go faster.How to displace point solutions with an end-to-end platformHow to  validate pain points.How to move up market from startups to enterprise companies.KeywordsAshby, all-in-one platform, recruiting, reporting, pain points, product market fit, Series ATimestamps:(00:00:00) Intro(00:01:29) No Website, No Problem(00:03:08) A Viral Loop(00:04:40) Origin Story of Ashby(00:05:39) The Biggest Pain Point(00:07:50) De-Risking(00:09:26) A Sticky Product and Market Evolution(00:10:50) A Hundred Conversations(00:13:09) The Main Feedback and Key Learnings(00:16:16) The Pitch(00:17:20) Bundling and Unbundling(00:20:50) Building a Great Engineering Organization(00:22:26) Letter of Intent Stage(00:24:45) Validation and Feeling Ready(00:28:18) A Little Bit of Luck(00:31:51) Finding True PMF(00:32:44) One Piece of AdviceSend me a message to let me know what you think!

Ambar Bhattacharyya of Maverick Capital joins Nick to discuss Healthcare Deep Dive – How AI and GLP-1 Megatrends Affect the Industry, Why Specialities Need to be Integrated, and Insights on Bundling vs. Unbundling. In this episode we cover: Healthcare Trends, Including High Deductible Health Plans and Cash Pay Models US Halthcare System, Incentives for Preventative Medicine, and Potential for Value-Based Outcome-Oriented Systems AI Adoption in Healthcare, Including Adoption and Risks The Future of Healthcare Technology, New Codes, and Credentialing Process Healthcare, Aging, and End-of-Life Care Guest Links: LinkedIn X Maverick The hosts of The Full Ratchet are Nick Moran and Nate Pierotti of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area. Want to keep up to date with The Full Ratchet? Follow us on social. You can learn more about New Stack Ventures by visiting our LinkedIn and Twitter. Are you a founder looking for your next investor? Visit our free tool VC-Rank and we'll send a list of potential investors right to your inbox!

Jessica Slayback and Victoria Forsman launched the REALM, Redesigning Education And Living Meaningfully, in 2010 as a microschool with one student and since then they have served 3,000 students with both full-time and part-time learning options. Located in Santa Monica, California, REALM currently enrolls 134 students ages 4 to 14 each semester, with a new high school program opening soon. *** Sign up for Kerry's free, weekly email newsletter on education trends at fee.org/liberated.

Our guest is Paolo Sironi. He is the Global Research Leader in Banking and Financial Markets at IBM Institute for Business Value.In this podcast, fintech expert Paolo Sironi shares his insights with Stephen Lucas on the evolving landscape of banking technology and the fintech industry. They discuss how banks' criteria for purchasing technology and collaborating with fintech companies have changed over the past decade. Sironi also shares his personal journey from banker to fintech entrepreneur to researcher at IBM, leading global banking inflation markets research. The podcast explores the shift from unbundling to rebundling banking services on platform economies to effectively engage customers and generate revenue. They also delve into maturing AI technology and its potential to transform the industry, drawing parallels to the shift from carbon to nuclear power plants. Takeaways- The evolving criteria banks use to purchase technology and collaborate with fintech companies - Paolo's journey from banker to fintech entrepreneur to researcher at IBM- Tthe shift in focus from unbundling to rebundling banking services on a platform economy - Understand the maturing of AI and its potential to transform industries- The resilience of financial markets due to central bank support - Strategies for success in the fintech industryTimestamps(00:00:00) Navigating the Evolving Fintech Landscape(00:01:11) Banker to Fintech Entrepreneur to AI Researcher(00:03:13) Unbundling and Rebundling in Fintech(00:11:39) AI: The Inflection Point in Transformation(00:17:06) Strategies for Success in FintechFollow Us:Website - https://golance.com/podcastApple Podcasts - https://podcasts.apple.com/us/podcast/the-scaling-edge/id1692231462Spotify - https://open.spotify.com/show/1GfGSEHFlq7iJhzcj1xBhiInstagram - https://www.instagram.com/thescalingedge/LinkedIn - https://www.linkedin.com/company/the-scaling-edge/?originalSubdomain=prTikTok - https://www.tiktok.com/@thescalingedge?lang=enFacebook - https://www.facebook.com/golanceofficialX - https://x.com/TheScalingEdge

How to improve your clarity of thinking and create effective communication. Our cognitive biases and ego can muddy the waters of our minds and block the path to clear communication. Today's episode biulds clarity on how to be a more effective thinker and communicator. Topics: Communication problems in relationships, business and writing Cognitive blockers to clarity How to identify and maintain a grip on the most important thing What bundling and unbundling can apply to problem-solving and communication Sponsor - Cozy Earth Luxury Bamboo sheets and Loungeware that become softer the more you use them. 35% off code 'GROWTH' - CozyEarth.com Sponsor - SleepyClub Doctor-approved natural sleeping aid that improves sleep quality. Safe to take every day. 20% discount code 'GROWTH20' - SleepyClub.co.uk Freebies Meet me - Free call Episode prompts - Clarity Problem Solving Worksheet Growth Mindset pod Sam Webster Harris explores the psychology of happiness, satisfaction, purpose, and growth through the lens of self-improvement. Success and happiness is a state of mind unique to ourselves and is our responsibility to create. Watch the pod - YouTube (Growth Mindset) Mail - GrowthMindsetPodcast(at)gmail.com Insta - SamJam.zen Chapters 00:00 The Curse of Overlooking the Obvious 03:13 Romantic Communication 05:38 The Goal of Simple, Clear Communication 11:42 Concept of Bundling and Unbundling Things 15:21 Applying Bundling and Unbundling to Problem-Solving 16:45 Using Bundling and Unbundling for Clear Communication 19:40 Making the Obvious Obvious 20:34 An Invitation to Chat 21:46 Send Off Learn more about your ad choices. Visit podcastchoices.com/adchoices

Holdco bros, Chris and Nik, unite for a 2nd time. Check out Nik's podcast here: https://tinyurl.com/nikonomicsYTToday we chat all things:- A kid making bank from an obscure FB Group leadgen tactic- Unbundling the unbundlers- AI generated, automated podcasts- Negative CAC ASMR YouTube channelsTimestamps below!Submit a question for the show:  http://form.typeform.com/to/Eb8KaY0pWatch the video version of this on YouTube instead: https://www.youtube.com/@thekoerneroffice?sub_confirmation=1Free weekly business ideas newsletter: https://newsletter.chrisjkoerner.com/Learn more about me: http://chrisjkoerner.comFollow me on Twitter: https://twitter.com/mhp_guy-----00:47 The Power of Local Facebook Groups for Business Growth02:09 Exploring the Potential of a Nationwide Landscaping Business03:14 The Untapped Opportunities of Facebook Groups for Businesses07:59 Innovative Business Ideas: From Negative CAC to Service Franchises12:51 AI-Generated Podcasts: The Future of Content Creation?17:50 Harnessing AI for Daily Content Summarization and Engagement22:54 Innovative AI Fund and the Future of Software23:40 Exploring the Global Talent Market and Niche Staffing Solutions24:41 The Strategy of Niching Down in Business26:08 Analyzing Business Models and Potential Collaborations27:15 The Unending Cycle of Unbundling in Business28:51 Humorous Interlude: Pet Cremation Business and Stand-Up Comedy35:21 Delving into Personal Archives and Reflecting on Past Content36:16 Strategic Business Acquisition Discussions and Decision-Making

Highlights from this week's conversation include:Ryan's Background and Roles in Data (0:05)Data Activation and Dashboard Staleness (1:27)Profiles and Data Activation (2:54)Customer-Facing Experience and Product Management (3:40)Profiles Product Overview (5:10)Use Cases for Profiles (6:44)Challenges with Data Projects (9:19)Entity Management and Account Views (15:33)Handling Entities and Duplicates (17:55)Challenges in Entity Management (22:18)Product Management and Data Solutions (26:08)Reverse ETL and Data Movement (31:58)Accessibility of Data Warehouses (36:14)Profiles and Entity Features (37:47)Cohorts Creation and Use Cases (41:17)Customer Data and Targeting (43:09)Activations and Reverse ETL (45:57)ML and AI Use Cases (55:53)Data Activation and ML Predictions (57:02)Spicy Take and Future Product Features (59:47)ETL Evolution and Cloud Tools (1:00:50)Unbundling and Future Trends (1:02:10)The Data Stack Show is a weekly podcast powered by RudderStack, the CDP for developers. Each week we'll talk to data engineers, analysts, and data scientists about their experience around building and maintaining data infrastructure, delivering data and data products, and driving better outcomes across their businesses with data.RudderStack helps businesses make the most out of their customer data while ensuring data privacy and security. To learn more about RudderStack visit rudderstack.com.

Welcome back to Business Unfiltered with Mercer and Jeff Sauer today's topic is Service Stacking 0:00: Service stacking for business growth. Mercer and Jeff discuss the concept of "service stacking," where service providers offer multiple services in a bundled package to establish a relationship with clients and increase the likelihood of repeat business. Jeff explains service stacking, a technique for expanding services offered to existing clients, starting with low-risk offers and gradually increasing the value over time. 5:48: Scaling a measurement marketing agency. Jeff uses Measurement Marketing as an example and discusses the measurement marketing service, which includes a dedicated measurement person for $5,000/month. 8:59: Scaling a digital marketing business through pricing strategies. Jeff discusses the importance of having a low-risk offer to attract potential clients and then upsell them on higher-ticket services like dedicated measurement marketing. He suggests offering a free value bomb, training, or paid training to attract potential clients and then upsell them on higher-ticket services. 13:25: Scaling a business through service stacking. Mercer suggests starting with a smaller offer, like $2,000, and then gradually increasing the price as the business grows. He also mentions the importance of having a consistent revenue stream for growing a company, and the service stacking model as a way to achieve this. 17:00: Pricing and project management in digital marketing. Jeff discusses the importance of separating low-risk and high-ticket offers in digital marketing services. He explains retainer pricing as three projects: strategy, implementation, and ongoing maintenance. 19:57: Unbundling services and pricing. Jeff explains how unbundling services can help reduce costs and make them more affordable for clients. Mercer agrees that pitching all three at once makes sense and plants the seed for future work. 26:00: Marketing budgeting and securing future projects. Jeff suggests asking for smaller projects or budgets to get started with a company, and then using those wins to secure larger projects later on. He advises being proactive in securing a budget for future projects by having conversations with clients about their needs, and then advocating for increased funding when the time comes. 27:30: Pricing and packaging services for maximum profit. To get started Jeff recommends line-iteming current services to determine what can be scaled up and priced appropriately. He also suggests bucketing services into tactical, strategic, or high-ticket work to ensure senior personnel are working on the most valuable tasks.

The 200k Mastermind is unbundling, and I'm here this week to tell you why and what this means for you.   Join me this week as I walk you through my motives behind unbundling the 200k Mastermind and why this is the best news for you. You'll learn what to expect from the 200k Mastermind moving forward, the difference between a simple bundled offer and an unbundled offer, and the skills required of you to unbundle your offer.    If you want to start making serious money as a coach, you need to check out 2K for 2K. Click here to join: https://staceyboehman.com/2kfor2k!

Independent analyst Jimmy Moyaha on the Afrimat update and a red wave sweeping markets. Purple Group CEO Charles Savage shares insights on the company's robust performance and return to profitability. Zeph Nhleko from DBSA sheds light on the debut of their African Journal of Infrastructure Development.

Robbie and Andy are CoFounders of The Rollup. In this episode, we discuss modularity and the unbundling of the blockchain stack. Robbie and Andy cover what is the significance of modularity in the world of blockchains and how it will unlock the ability for anyone to create a blockchain network and ultimately focus on other matters such as the next generation of DeFi and Web3 applications. ------

Microsoft is unbundling Teams from Office globally  Once again, thanks EU! It comes six months after it uncoupled the two products in Europe in a bid to avert a possible EU antitrust fine. Rivals say packaging the products together gives Microsoft an unfair advantage. I'm all in favor of unbundling - because all these services are starting to offer the things the others do too, but usually not as well. Slack is great at instant messaging, but now you are also effectively paying for its video and audio meetings and collaborative documents. Google's bundle includes email, calendar, docs, video meetings. Zoom now offers add-ons such as an email and calendar service, IP phone system and virtual white-boarding.   Amazon's stopping its "just walk out" service at supermarkets  Amazon Fresh will now have smart carts, which allow customers to scan items as they go. Amazon says this is better for the customer because they want to  view their receipt as they shop, and know how much money they saved while shopping. It also reduces a massive overhead of installing the cameras and sensors the technology relied upon AND the extensive human review process. According to The Information, 70% of the sales had to be manually reviewed in 2022, which was far, far higher than the 5% Amazon had hoped for, which needed a team of over 1000 people.  It's also a good example of where it looks like the AI is doing all the heavy lifting, when in reality most of it was people in India watching the cameras and effectively being the cashier, just remotely.      LISTEN ABOVE See omnystudio.com/listener for privacy information.

Adam tries on a chain for Florida, Linear fixes GitHub Issues issue for Dax, big vs small vs medium dev teams, how long do startup devs actually have to develop, how much of a factor is luck in a startup's success or failure, Disney and media bundling and unbundling, and are Adam Sandler movies actually any good?Want to carry on the conversation? Join us in Discord.GitHub Integration – LinearPaddle – The complete payments, tax, and subscriptions solution for SaaSPaddle Board RentalsBaumol EffectBundling and UnbundlingClaude  AnthropicAdam Sandler FilmsUncut Gems 2019 Film ReviewsReact MiamiTopics:(00:00) - Squeeky boom (00:28) - Adam tries on a chain - or is it a necklace? (03:55) - Do you track your sleep? (04:38) - Linear fixes GitHub issues? (10:08) - Big team vs small team vs medium team (20:57) - Where do startup founders go when their startup dies? (25:02) - How long is the window for a developer? (30:11) - Do you feel like it's all going to come down to luck? (38:21) - It feels like any aquisition feels like a failure (42:08) - Disney, IP, ESPN, and sports rights (48:08) - Bundling and unbundling (50:07) - LLM pricing instability (54:02) - Let's cool it on the robots (56:11) - Are Adam Sandlar

This week on the Expert Voices podcast, Randy Wootton, CEO of Maxio, speaks with Brian Bell, Managing Partner of Team Ignite Ventures, about his journey from finance to product management to becoming an investor. Brian highlights how his eclectic background has shaped his investment philosophy. Randy and Brian discuss the importance of customer validation, the impact of AI in the advertising industry, and the patterns of success and failure in early-stage startups. They also explore the trends in fintech and the office of the CFO, including the unbundling and bundling of services and how emerging AI technologies are forging new frontiers for startups and conglomerates alike.Quotes"A lot of investing is pattern recognition. It's just heuristics. It's at bat. It's kind of like a golf swing or a basketball shot, figuring out what startups to work with and investing in them to help them grow.” -Brian Bell [19:13]“I think that idea of going through those stages of getting product market fit, and then the stage that I'm most interested in is that expansion, growth, and then you start to move into the scale. So how do you start to take advantage of the foundation? You have to get to some level of scale.” -Randy Wootton [30:26]Expert Takeaways The transition from traditional careers to emerging tech-focused roles can lead to valuable, diverse experiences that shape successful investment strategies.Understanding customer needs and validating product-market fit is crucial for startups and can significantly influence investment decisions.AI is not only transforming existing industries but is also enabling the creation of novel business models and company structures.The unbundling and re-bundling of services, particularly in fintech, are pivotal trends shaping the landscape and presenting new investment opportunities.The impact of AI on future employment and corporate structures could lead to companies operating with minimal human staff, altering traditional business models.Timestamps[01:20] Brian's journey from finance to product management [04:16] The impact of AI in the first generation at Rocket Fuel [05:44] Lessons learned from Rocket Fuel and investment strategy[07:08] Importance of customer validation and empathy in product development [08:57] The evolution of AI and its impact on industries[14:45] Amazon and Microsoft Culture[19:55] Venture capital and starting Team Ignite [21:39] Pattern recognition involved in investing [23:07] Strategy for investing in startups [23:40] Six questions to ask startups [34:18] Evolution of the office of CFO and the unbundling happening [38:43] AI revolutionizing core capabilities and becoming a central focus [42:46] The singularity and the unimaginable future with advanced AILinksMAXIOUpcoming EventsMaxio Institute Report

In this episode, Darren chats with Panagiotis Kriaris, Commercial Director, Head of Business Development at Unzer.Panagiotis offers a nuanced exploration of the multifaceted FinTech landscape. From the evolution of payment systems to the societal impact of FinTech, the discussion underscores the transformative potential of innovative financial technologies in reshaping global economies.Highlights:

An independent tech consultant with over 20 years, Susanne Kaiser joins the podcast and shares her insights on what makes a robust socio-technical system. Integrating takeaways from different approaches like Wardley Mapping, Domain Driven Design, and Team topologies, she helps the listeners understand how to mold systems into ones that are adaptable to change, how to invest in the right things, and how to avoid wasting resources on things that do not make a competitive advantage.  We further touch upon topics like building in bounded contexts and unbundling the right way. This episode has an ocean of information, which can help listeners achieve better strategic awareness of their company, products, and initiatives. Grab a coffee cup and a notebook and listen.  In this episode, Susanne takes us through what it means to operate a business with a strategic perspective.  An organization's evolutionary journey goes through high levels of change and uncertainty. With insights on bounded contexts and evolution, Susanne takes us through how you can enforce modularity and cohesion among the different parts of the system, to deal with such a journey. With significant experience working as a consultant in the software development world, Susanne shares real-world examples of how organizations can create architecture and team structures that are dynamic and play to an organization's competitive advantage.   Key Highlights

This week, we discuss the ever expanding CNCF Landscape, bundling and unbundling, and the latest cloud earnings. Plus, some thoughts on soap dispensers in Europe vs. U.S. Watch the YouTube Live Recording of Episode (https://www.youtube.com/watch?v=-Pg_rXxn1YQ) 454 (https://www.youtube.com/watch?v=-Pg_rXxn1YQ) Runner-up Titles Are we streaming. I have the whole earth to roam, so I'm not going to get space madness. If you watch it long enough every movie represents all of life. The sound track to walking the dog. At least it's open source. The Magic Quadrant of Fashion. I guess everyone's cool? What pair of pants do I need? The AirPods Pro pocket. Go down the metaphor hole. I was eating steak, and now I'm eating OpenTofu. Not good, but good enough. The Metaphor Hole Rundown CNCF Landscape (https://landscape.cncf.io) Bundling, Unbundling and Ensh*tification (https://www.thecloudcast.net/2024/02/bundling-unbundling-and-enshtification.html) (Cloudcast Pod) Earnings Meta Beats Sales Forecast Estimates; Announces First Dividend (https://www.bloomberg.com/news/articles/2024-02-01/meta-beats-sales-forecast-estimates-announces-first-dividend) Amazon Projects Profit Topping Estimates on Further Cost Cutting (https://www.bloomberg.com/news/articles/2024-02-01/amazon-projectsprofit-topping-estimates-on-further-cost-cutting) Clouded Judgement 2.2.24 - Cloud Giants Report Q4 '23 (https://cloudedjudgement.substack.com/p/clouded-judgement-2224-cloud-giants?utm_source=post-email-title&publication_id=56878&post_id=141292535&utm_campaign=email-post-title&isFreemail=true&r=2l9&utm_medium=email) Alphabet: Cloud Rebounds (https://www.appeconomyinsights.com/p/alphabet-cloud-rebounds?utm_campaign=post&utm_medium=web) Platformonomics - Follow the CAPEX: Cloud Table Stakes 2023 Retrospective (https://platformonomics.com/2024/02/follow-the-capex-cloud-table-stakes-2023-retrospective/) Relevant to your Interests Shift Happens: A book about keyboards (https://www.kickstarter.com/projects/mwichary/shift-happens) Broadcom's strategy ignores most VMware customers (https://www.theregister.com/2022/05/30/broadcom_strategy_vmware_customer_impact/) Allen Institute for AI releases ‘truly open source' LLM to drive ‘critical shift' in AI development (https://venturebeat.com/ai/truly-open-source-llm-from-ai2-to-drive-critical-shift-in-ai-development/) OLMo - Open Language Model by AI2 (https://allenai.org/olmo) Threads is growing steadily with more than 130M monthly actives. (https://www.threads.net/@mosseri/post/C20tMr8Pjeh/?igshid=MzRlODBiNWFlZA==) Leaky Vessels: Docker and runc Container Breakout Vulnerabilities - January 2024 (https://snyk.io/blog/leaky-vessels-docker-runc-container-breakout-vulnerabilities/) From unicorns to unicorpses: Why billion-dollar startups and even VC firms keep imploding (https://fortune.com/longform/failed-unicorn-startups-billion-dollar-valuation-unicorpses/) Dell said to be preparing broad Return To Office mandate (https://www.theregister.com/2024/02/03/dell_return_to_work/?td=rt-3a) Weaveworks shuts down (https://www.linkedin.com/posts/richardsonalexis_hi-everyone-i-am-very-sad-to-announce-activity-7160295096825860096-ZS67?utm_source=share&utm_medium=member_desktop) A Giant Reborn: Satya Nadella's Decade as Microsoft CEO (https://www.youtube.com/watch?v=9KzIKFpKZKM) Is the $139 Amazon Prime Subscription Still Worth It? (https://www.wsj.com/tech/personal-tech/is-the-139-amazon-prime-subscription-still-worth-it-83a597c7?reflink=integratedwebview_share) Everbridge Agrees to $1.5B Buyout Offer From Thoma Bravo (https://www.marketwatch.com/story/everbridge-agrees-to-1-5b-buyout-offer-from-thoma-bravo-179db224?mod=newsviewer_click) Adam Neumann Tries to Buy Back WeWork (https://www.wsj.com/articles/adam-neumann-looks-to-buy-back-wework-86ee5f2b) NinjaOne Notches $1.9 Billion Valuation in Deal Led By Iconiq (https://www.bloomberg.com/news/articles/2024-02-06/ninjaone-notches-1-9-billion-valuation-in-deal-led-by-iconiq) YouTube TV says it has more than 8 million subscribers (https://www.axios.com/2024/02/06/youtube-tv-subscribers-cable-satellite) Pivotal founder Rob Mee is back with a new startup. (https://twitter.com/alexrkonrad/status/1755278551828300162?s=46&t=zgzybiDdIcGuQ_7WuoOX0A) ESPN, Fox, WBD shake up media with plans for new sports streaming service (https://www.sportsbusinessjournal.com/Articles/2024/02/06/ESPN-Disney-Warner-Bros-Discovery-Fox-pay-joint-streaming-service) Arm shares surge 48% after SoftBank-controlled chip designer issues strong forecast (https://www.cnbc.com/2024/02/08/arm-shares-soar-after-reporting-strong-earnings-and-forecast.html) Sam Altman Seeks Trillions of Dollars to Reshape Business of Chips and AI (https://www.wsj.com/tech/ai/sam-altman-seeks-trillions-of-dollars-to-reshape-business-of-chips-and-ai-89ab3db0?page=1) Disney invests $1.5B in Epic Games, plans new “games and entertainment universe” (https://arstechnica.com/gaming/2024/02/epic-working-with-disney-on-new-gaming-universe-after-1-5b-investment/) Dynatrace hits $1.4 billion ARR, grabs logos from AppDynamics, aims to grow logs offering (https://www.thestack.technology/dynatrace-hits-1-4-billion-arr-grabs-customers-from-appdynamics-aims-to-grow-logs-offering/) Google and Yahoo Are Cracking Down on Inbox Spam. Don't Expect Less Email Marketing. (https://www.wsj.com/articles/google-and-yahoo-are-cracking-down-on-inbox-spam-dont-expect-less-email-marketing-dd124c19) Cloudflare's crowd-sources another patent troll case victory (https://www.theregister.com/2024/02/12/cloudflare_patent_troll/) (Almost) Every infrastructure decision I endorse or regret after 4 years running infrastructure at a startup (https://cep.dev/posts/every-infrastructure-decision-i-endorse-or-regret-after-4-years-running-infrastructure-at-a-startup/) 2024 State of Internal Developer Portals | Port (https://www.getport.io/state-of-internal-developer-portals) Amazon's Cloud Crisis: How AWS Will Lose The Future Of Computing (https://www.semianalysis.com/p/amazons-cloud-crisis-how-aws-will?ck_subscriber_id=1141233388) Yandex: The end of an era for Russia's most innovative firm (https://en.thebell.io/yandex-the-end-of-an-era-for-russias-most-innovative-firm/) How Mastodon made friends with Meta (https://www.platformer.news/mastodon-interview-eugen-rochko-meta-bluesky-threads-federation/?ref=platformer-newsletter) The Vision Pro (https://daringfireball.net/2024/01/the_vision_pro) Microsoft Teams, Word, Excel, and more are coming to Apple's Vision Pro at launch (https://www.theverge.com/2024/1/31/24057122/microsoft-apple-vision-pro-office-apps-microsoft-365) Apple's Vision Pro battery pack is hiding the final boss of Lightning cables (https://www.theverge.com/2024/1/31/24057392/apple-vision-pro-battery-lightning-cable) Why Tim Cook Is Going All In on the Apple Vision Pro (https://www.vanityfair.com/news/tim-cook-apple-vision-pro?mbid=social_twitter&utm_social-type=owned&utm_source=twitter&utm_medium=social&utm_brand=vf) the thing no one will say about Apple Vision Pro (https://www.youtube.com/watch?v=UvkgmyfMPks) Working in the Vision Pro (https://www.youtube.com/watch?v=BV9Xy6L_rlM) Forgot Your Apple Vision Pro's Passcode? You May Have to Take It Back to Store (https://www.bloomberg.com/news/articles/2024-02-05/forgot-your-apple-vision-pro-s-passcode-you-may-have-to-take-it-back-to-store) Tesla owners told not to wear Apple virtual reality headsets while driving (https://www.bbc.com/news/technology-68215614) Nonsense Cynical book summaries (https://www.plg.news/p/aoapm-002-cynical-book-summaries) H-E-B's North Texas impact starting to become clear across groceries, real estate (https://www.wfaa.com/article/news/local/h-e-b-stores-north-texas-impact-starting-to-become-clear-across-groceries-real-estate/287-86836f22-e000-4d67-83d7-42e66ac01542?fbclid=IwAR1feOapOO7kMdv-xH3oBATelXpoKvf2ioNJEGt5MUzvA_X8C4nYMYPNquI_aem_AUUb7ZEwow8o6qAELGm8Xwb8eYCBdezDAdIpe-9nCSanh6MKQWpd8RIZRqMgBJekf6U#ls972nf7ju9xufblh6q) The 10 Best-Selling Vehicles in America in 2023 (https://www.visualcapitalist.com/best-selling-vehicles-in-america-in-2023/) One of Our Best Websites Died While No One Was Looking (https://slate.com/technology/2024/02/quora-what-happened-ai-decline.html) Stanley Made Reusable Cups Huge. Now It Has to Make Them Sustainable (https://www.bloomberg.com/news/articles/2024-02-01/stanley-made-reusable-cups-huge-now-it-has-to-make-them-sustainable) Most accurate video I've ever seen (https://x.com/anothercohen/status/1756181201847509392?s=46&t=zgzybiDdIcGuQ_7WuoOX0A) Listener Feedback Brian recommends Subprime Attention Crisis (https://www.audible.com/pd/Subprime-Attention-Crisis-Audiobook/0593454103?ref_pageloadid=Dsqv0n17FOwUqOpK&ref=a_library_t_c5_libItem_0593454103_0&pf_rd_p=80765e81-b10a-4f33-b1d3-ffb87793d047&pf_rd_r=7C4TQFGZXK856S6W40BH&pageLoadId=Fo0QcV8X3KEf9ys4&creativeId=4ee810cf-ac8e-4eeb-8b79-40e176d0a225) Andrew recommends the Amazon.com: Sink Soap Dispenser (https://www.amazon.com/dp/B07SJ8SQ6Q?ref=ppx_pop_mob_ap_share) Conferences SCaLE 21x/DevOpsDays LA, March 14th (https://www.socallinuxexpo.org/scale/21x)– (https://www.socallinuxexpo.org/scale/21x)17th, 2024 (https://www.socallinuxexpo.org/scale/21x) — Coté speaking (https://www.socallinuxexpo.org/scale/21x/presentations/we-fear-change), sponsorship slots available. KubeCon EU Paris, March 19 (https://events.linuxfoundation.org/kubecon-cloudnativecon-europe/)– (https://events.linuxfoundation.org/kubecon-cloudnativecon-europe/)22 (https://events.linuxfoundation.org/kubecon-cloudnativecon-europe/) — Coté on the wait list for the platform side conference. Get 20% off with the discount code KCEU24VMWBC20. DevOpsDays Birmingham, April 17–18, 2024 (https://talks.devopsdays.org/devopsdays-birmingham-al-2024/cfp) Exe (https://ismg.events/roundtable-event/dallas-robust-security-java-applications/?utm_source=cote&utm_campaign=devrel&utm_medium=newsletter&utm_content=newsletterUpcoming)cutive dinner in Dallas that Coté's hosting on March 13st, 2024 (https://ismg.events/roundtable-event/dallas-robust-security-java-applications/?utm_source=cote&utm_campaign=devrel&utm_medium=newsletter&utm_content=newsletterUpcoming). If you're an “executive” who might want to buy stuff from Tanzu to get better at your apps, than register. There is also a Tanzu exec event coming up in the next few months, email Coté (mailto:cote@broadcom.com) if you want to hear more about it. SDT news & hype Join us in Slack (http://www.softwaredefinedtalk.com/slack). Get a SDT Sticker! Send your postal address to stickers@softwaredefinedtalk.com (mailto:stickers@softwaredefinedtalk.com) and we will send you free laptop stickers! Follow us: Twitch (https://www.twitch.tv/sdtpodcast), Twitter (https://twitter.com/softwaredeftalk), Instagram (https://www.instagram.com/softwaredefinedtalk/), Mastodon (https://hachyderm.io/@softwaredefinedtalk), BlueSky (https://bsky.app/profile/softwaredefinedtalk.com), LinkedIn (https://www.linkedin.com/company/software-defined-talk/), TikTok (https://www.tiktok.com/@softwaredefinedtalk), Threads (https://www.threads.net/@softwaredefinedtalk) and YouTube (https://www.youtube.com/channel/UCi3OJPV6h9tp-hbsGBLGsDQ/featured). Use the code SDT to get $20 off Coté's book, Digital WTF (https://leanpub.com/digitalwtf/c/sdt), so $5 total. Become a sponsor of Software Defined Talk (https://www.softwaredefinedtalk.com/ads)! Recommendations Brandon: Chamberlain Smart Garage Control (https://www.myq.com/products/smart-garage-control) Matt: FLOSS Weekly Episode 769: OpenCost — We Spent How Much? (https://hackaday.com/2024/02/07/floss-weekly-episode-769-opencost-we-spent-how-much/) Coté: chocolate covered dates at Tree of Dates (https://maps.app.goo.gl/QRc9Zj89cn4CZmMbA). Photo Credits Header (https://unsplash.com/photos/a-row-of-books-sitting-on-top-of-a-shelf-HqA7l8IbhmY) Artwork by Google Gemini

Dr. Casey Clements spent two hours breaking down the history and influences in sepsis care over the past three decades and going through the best practices in today's emergency medicine. This is the second part of the two part series. Do you know how Sepsis is defined currently? What is the difference between SEP - 1 and surviving sepsis campaign? What is the role of steroids or vitamin C? Can you resuscitate these patients with albumin? These and so many more questions will be answered in this two part series. We review the PROCESS, PROMISE, and ARISE trials and provide pragmatic approach to your septic patients.  So join Venk like vancomycin, and Alex (aka Zosyn) and Casey "not-cidal" Clements in these amazing episodes.   CONTACTS X - @AlwaysOnEM; @VenkBellamkonda YouTube - @AlwaysOnEM; @VenkBellamkonda Instagram – @AlwaysOnEM; @Venk_like_vancomycin; @ASFinch Email - AlwaysOnEM@gmail.com REFERENCES & LINKS Intravascular volume assessment Azadian M, Win S, Abdipour A, et al. Mortality benefit from the passive leg raise maneuver in guiding resuscitation of septic shock patients: A systematic review and meta-analysis of randomized trials. J Intensive Care Med. 2022 May;37(5):611-617 Spiliotaki E, Saranteas T, Moschovaki N, et al. Inferior vena cava ultrasonography in the assessment of intravascular volume status and fluid responsiveness in the emergency department and intensive care unit: a critical analysis review. J Clin Ultrasound. 2022 Jun;50(5):733-744   Chest radiography paper referenced Poku JK, Bellamkonda-Athmaram VR, Bellolio F, Nestler DM, Stiell IG, Hess EP. Failure of prospective validation and derivation of a refined clinical decision rule for chest radiography in emergency department patients with chest pain and possible acute coronary syndrome. Acad Emerg Med. 2012 Sep;19(9):E1004-10   Albumin Caironi P, Tognoni G, Masson S, Fumagalli R, Presenti A, Romero M, Fanizza C, Caspani L, Faenza S, Grasselli G, Iapichino G, Antonelli M, Parrini V, Fiore G, Latini R, Gattinoni L, ALBIOS Study Investigators. Albumin Replacement in patients with severe sepsis or septic shock. NEJM. 2014;370(15):1412 Xu JY, Chen QH, Xie JF, Pan C, Liu SQ, Huang LW, Yang CS, Liu L, Huang YZ, Guo FM, Yang Y, Qiu HB. Comparison of the effects of albumin and cyrstalloid on mortality in adult patients with severe sepsis and septic shock: a meta-analysis of randomized clinical trials. Crit Care. 2014;18(6):702 Jiang L, Jiang S, Zhang M, Zheng Z, Ma Y. Albumin versus other fluids for fluid resuscitation in patients with sepsis: A meta-analysis. PloS One. 2014;9(12):e114666   Unbundling studies ProCESS Trial: ProCESS Investigators, Yealy DM, Kellum JA, Huang DT, Barnato AE, Weissfeld LA, PIke F, Terndrup T, Wang HE, Hou PC, LoVecchio F, Filbin MR, Shapiro NI, Angus DC. A randomized trial of protocol based care for early septic shock. NEJM  2014;370(18):1683 ProMISE Trial: Mouncey PR, Osborn ™, Power GS, Harrison DA, Sadique MZ, Grieve RD, Jahan R, Harvey SE, Bell D, Bion JF, Coats TJ, Singer M, Young JD, Rowan KM, ProMISe Trial Investigators. Trial of early, goal directed resuscitation for septic shock. NEJM 2015;372(14):1301 ARISE Trial: ARISE investigators, ANZICS Clinical Trials Group, Peake SL, Delaney A, Bailey M, Bellomo R, Cameron PA, Cameron PA, Cooper DJ, Higgins AM, Holdgate A, Howe BD, WEbb SA, Williams P. Goal-directed resuscitation for patients with early septic shock. NEJM 2014;371(16):1496 Angus DC, Barnato AE, Bell D, Bellomo R, Chong CR, Coats TJ, Davies A, Delaney A, Harrison DA, Holdgate A, Howe B, Huang DT, Iwashyna T, Kellum JA, Peake SL, Pike F, Reade MC, Rowan KM, Singer M, Webb SA, Weissfeld LA, Yealy DM, Young JD. A systematic review and meta-analysis of early goal-directed therapy for septic shock: the ARISE, ProCESS, and ProMISE investigators. Intensive Care Med. 2015 SEp;41(9):1549-60 PRISM Investigators. Early Goal-Directed Therapy for Septic Shock - A Patient-Level Meta-Analysis. NEJM 2017 Lu Y, Zhang H, Teng F, Xia WJ, SUn GX, Wen AQ. Early goal-directed therapy in severe sepsis and septic shock: A meta-analysis and Trial sequential analysis of randomized controlled trials. J Intensive Care Med. 2018;33(5):296   Vitamin C Sevransky JE, et al. Effect of vitamin C, thiamine, and hydrocortisone on ventilator- and vasopressor-free days in patients with sepsis: The VICTAS randomized clinical trial. JAMA. 2021 Feb 23;325(8):742-750  

Summary In this podcast episode, Jared and Nate discuss the impact of AI on business and the opportunities it presents. They explore the role of AI tools and automation in streamlining processes and improving efficiency. TakeawaysThe market is shifting towards a post-SaaS era, where integrations and customization are becoming more important.Integrations are becoming a commodity, but there is still a need for thought leadership and ecosystem support.Partner professionals need to have a technical understanding to effectively manage integrations and partnerships.Partnerships should be strategic and focused on driving value and innovation.The market is experiencing a cycle of consolidation and unbundling, creating opportunities for new solutions and partnerships. AI has a significant impact on business and presents numerous opportunities for innovation and growth.AI tools and automation can streamline processes and improve efficiency.Data and analytics are essential for leveraging AI effectively.AI can enhance customer experience and provide personalized interactions.Innovators should embrace AI and explore the potential for creating new products and features.Chapters00:00 Introduction and Setting the Stage02:05 The Post-SaaS Era07:56 The Current State of the Market10:34 Understanding iPaaS and Integrations13:25 The Nuances of Integrations15:46 Managing the Conversation with Engineering17:51 Defining the Checklist for Integration Strategy22:26 The Power of Integration and Innovation26:06 The Evolving Role of Partner Professionals29:47 The Bundling and Unbundling Cycle38:16 Consolidation and Unbundling in the Market02:30 The Impact of AI on Business10:15 AI Tools and Automation20:45 Data and Analytics30:10 AI in Customer Experience41:58 Unbundling and Innovation Opportunities42:33 Conclusion and Call to Action

Some say the Internet has gone to sh*t. Between bundling and unbundling, how does “ensh*tification” happen, and are there ways to prevent or reduce it?SHOW: 792CLOUD NEWS OF THE WEEK - http://bit.ly/cloudcast-cnotwCHECK OUT OUR NEW PODCAST - "CLOUDCAST BASICS"SHOW SPONSORS:​​Learn More About Azure Offerings : Learn more about Azure Migrate and Modernize & Azure Innovate!Azure Free Cloud Resource Kit : Step-by-step guidance, resources and expert advice, from migration to innovation.CloudZero – Cloud Cost Visibility and SavingsCloudZero provides immediate and ongoing savings with 100% visibility into your total cloud spendSHOW NOTES:How does anyone use the Internet? (SDT eps.451)“Enshitification” - The 2023 Digital Word of the YearEnshitifcation is also known as platform decay (Wikipedia)How to success in business by bundling and unbundling (Jim Barksdale)IN THE DIGITAL WORLD, IT'S EASY TO BUNDLE THINGS TOGETHERThe only way to unlock valid is through bundling and unbundlingThere is a fine line between innovation, growth and platform creep. Nobody likes when free stuff goes away or gets complicatedCAPITALISM, FREE-ISM, AND ALIGNMENT OF INCENTIVESExpected growth rates are set by the companies. People in tech are always asking “what's next?”There's a difference between early adopters and mainstreamFEEDBACK?Email: show at the cloudcast dot netTwitter: @cloudcastpodInstagram: @cloudcastpodTikTok: @cloudcastpod

Peter Drucker said it years ago: Your job is to create a customer. But creating a customer can be hard, especially as media and creators and influencers get bought out… The post Big Trends: Bundling, Unbundling, and Customer Acquisition (Thinks Out Loud Episode 411) appeared first on Tim Peter & Associates.

In this episode of Turpentine VC, Phin Barnes, co-founder of The General Partnership, joins Erik Torenberg to discuss Phin's idea of building a YC for emerging fund managers, the sweat equity model, and building the General Partnership. If you're looking for an ERP platform, check out our sponsor, NetSuite: http://netsuite.com/turpentine --- Check out Erik's new show Request for Startups featuring a rotating cast of founders and investors (including Dan) sharing their requests for startups they want to exist in the world, and also their stories of navigating the idea maze in different sectors so founders don't have to reinvent the wheel anymore. The first episode is out now - we over better dating apps, references as a service, and WeWork for productivity Watch and Subscribe on Substack: https://requestforstartups.substack.com/p/receipt-based-dating-reference-checks Apple: https://podcasts.apple.com/us/podcast/request-for-startups-with-erik-torenberg/id1728659822 Spotify:https://open.spotify.com/show/739L1LR32QI2XyoZlRh5nv --- We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com. --- SPONSOR: NETSUITE | SHOPIFY NetSuite has 25 years of providing financial software for all your business needs. More than 36,000 businesses have already upgraded to NetSuite by Oracle, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you're looking for an ERP platform head to NetSuite http://netsuite.com/turpentine and download your own customized KPI checklist. Shopify is the global commerce platform that helps you sell at every stage of your business. Shopify powers 10% of ALL eCommerce in the US. And Shopify's the global force behind Allbirds, Rothy's, and Brooklinen, and 1,000,000s of other entrepreneurs across 175 countries.From their all-in-one e-commerce platform, to their in-person POS system – wherever and whatever you're selling, Shopify's got you covered. With free Shopify Magic, sell more with less effort by whipping up captivating content that converts – from blog posts to product descriptions using AI. Sign up for $1/month trial period: https://shopify.com/momentofzen --- Join our free newsletter to get Erik's top 3 insights from each episode: https://turpentinevc.substack.com/ --- RELATED SHOWS: The Limited Partner If you like Turpentine VC, check out our show The Limited Partner with David Weisburd, where David talks to the investors behind the investors: https://link.chtbl.com/thelimitedpartner --- X / TWITTER: @phineasb (Phin) @theGP (The General Partnership) @eriktorenberg (Erik) @TurpentineVC --- TIMESTAMPS: (00:16) Episode Preview (01:16) The Journey of Starting a Venture Firm (05:49) Exploring Different Business Models in Venture Capital (08:56) Building a YC for Emerging Managers (12:53) The Evolution of Sweat Equity Ventures (20:00) The Sweat Equity Model (24:24) The General Partnership's Product Offering (26:53) Sponsor - Netsuite and Shopify (29:30) Fund Sizing (35:49) Unbundling of Venture Capital  (45:04) Advantages of Service for Equity (49:06) The GP's Services Pricing (50:38) Incubation (54:02) The Importance of Talent Networks (01:07) Advice for Starting a Fund Right Now (01:14) Talent Networks (01:19) The GP's LPs

In this episode we chat about: OpenAI's drama, can you be a kind leader and build a world-changing company, ideation around personal finance business ideas, Seth's AI landing page feedback generator, productive ways to spend time other than social media,

For Pat's Free Bundle of Best Selling Books: https://patrigsby.com/podgift/ ----- Want a surge of new clients and revenue over the next 6 Weeks with ZERO FEE and no obligation to continue? If you're a current business owner who wants to add 50K or more in annual revenue over the next 12 month, you can Test Drive our coaching program for 6 Weeks with no fee or even an obligation to continue as a way to demonstrate how we can help you grow your business. No strings attached. No obligation. You get our best coaching and tools...and hopefully, you'll love it enough that you want to keep working together.   Learn more here: https://patrigsby.com/iba-six-weeks - Complete Your Ideal Business Scorecard. There is a proven framework to creating your Ideal Business. Find out how you score across the 8 Ideal Business Rules - https://patrigsby.com/scorecard -- Join Fitness Lead Academy. If you'd like to get more leads and clients but don't want to pay for an Agency to run your ads...visit http://fitnessleadacademy.com/ ...we'll be opening territories again soon and those who reply will go to the front of the line.

A sometimes uncanny Halloween week exploration of the EdTech griftopia. Who's monetizing our data? How is EdTech being used to bust unions [8:00]? How does EdTech reveal the interdependence of teaching and research, and the horror of their unbundling [36:00]? How does being a union member effect literary studies research [61:00]? Is AI the end of literary criticism [81:00]? Cast (in order of appearance): Annie McClanahan, Sarah Brouillette, Matt Seybold, Bryan Alexander, Brian Deyo, Louise McCune, Max Chapnick, Lawrence Lorraine Mullen, Francesca Colonese, Ted Underwood Soundtrack: Joe Locke's "Makram" For episode bibliography, please visit MarkTwainStudies.com/Unbundling, or subscribe to our newsletter at TheAmericanVandal.SubStack.com, where you will also receive episode transcripts.

Friend of Pod Freddie is here because his recent posts have been very much in the HoS wheelhouse. We talked Hollywood's collapse, the endurance of David Foster Wallace as boogeyman in media, Freddie's differences with The Free Press over the Israel issue, and, finally, how the NFL is consumed by the public. Quite a conversation and I was glad to have it. Hope you enjoy. Timestamps come via the Astute Sam Schuette: What's Driving Hollywood's Collapse? (1:30)* Convincing the audience that products are worth less through monthly subscription services* Netflix as the intermediary offering your product below market value and divvying it up to shareholders: how do you make a profit?* The interests of streaming services are contrary to Hollywood'sThe Level of TV isn't Good (12:50)* How it relates to newspaper subsidizing and ESPN charging twice the fees of their competitors* Concentrating more money in the hands of fewer people* The streaming boom sucks money out of the systemIs Economics or Ideology to Blame for the Downfall? (21:10)* Reboot fatigue* Streaming has shaken up the entire structure of HollywoodSubstack's Economic Model and the Pros and Cons of Unbundling (26:40)* How the unbundling of media affects Substack creators like Ethan & Freddie and the audience that supports them* The independence and freedom that unbundling allows, that big bundled outlets don't allow* Can traditional journalism survive in the 21st country?What Models Work (32:00)* Local papers & media Twitter being overtaken by the New York Times* The struggles of the Washington Post, The New Yorker, etc* The Ringer succeeds by subsidizing with an overload of analysis content rather than reporting content. Is this the blueprint?The Antagonism Towards Paying for Things You Enjoy (36:20)* The Napster concept of devaluing media and content by inflating their access and supply* People are unwilling to grapple with real prices because they're used to such bargains via streaming* Why Freddie plans to soon retire from his SubstackFreddie's Differences with The Free Press (43:30)* Why aren't they covering students who've gotten jobs rescinded over their criticism of Israel?* Why is it important for nations and people to be considered the underdog? Freddie's Recent Piece: Mimetic Collapse (55:50)* Why is David Foster Wallace still a boogeyman years after he died?* How TikToks about the annoyingness of Gen Z “lit bros” went viral* Why do people criticize lit bros when they don't exist?People falling victim to refinement culture (1:06:00)* Refinement culture and customers experiencing the same product from different competitors. * How does this apply to people sharing the same universal opinion?* Hating certain archetypes is fashionable within the wider cultureDo People Like Anything? (1:12:10)* It's now important to agree on what you hate more than what you like* Do lefty creatives like anything?* Stan culture vs hater culture – which is more dominant?What Sports Freddie Enjoys (1:16:30)* Why the NBA should cut the season amidst the load management crisis* The NFL injury dilemma: how the injury frequency ironically gives the NFL appealWhat Drives Opinions in Sports? (1:22:10)* Small margins swing NFL opinions so heavily. Is this good or bad?* Does the NFL media reward hot takes even when they're baseless?* Brock Purdy, Josh Allen, Bryce Young, Justin Herbert and distorted quarterback opinionsHouse of Strauss is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.houseofstrauss.com/subscribe

So small, cozy, cute, a very special airport, that was Tegel, not BER: can the finally (nearly) finished Berlin Brandenburg measure up to the "poor but sexy" German capital? At least the cleverly named lounges have an even cleverer backdoor (and, hey, it's not a poor bus station like Schoenfeld).Bundling the unbundling: a (great) rant by Alex (Hunter, but Vukolova chimes in, and Paul got confused having two Alex on the show). Do the Adidas Lufthansa sneakers give you extra status (you can now buy them, unlike the staff limited editions that Paul bought off from an employee a few years ago, in order to pair them with the Family Mart socks he just got). Condor offers you a branded beer (another Brewdog airline brew!), but also booking your …overhead bin?? (Alex tested it, and we look at everything that could go wrong). JetBlue and the inaugural massive dog. The admirable journey out of fear of flying.Air Astana is amazing, Almaty airport not so much (the former gives you amenity kits, and slippers, in economy, for 3 hours!! The latter does not have free water in its lounge WTF).Thanks a million to Alex Vukolova for having joined us (and for having waited FOREVER to be on our podcast).You should follow Alex on LinkedIn (she posts great avgeek stuff!): http://linkedin.com/in/alexandravukolovaOn Instagram (Paul messed up her username all this time!!): https://www.instagram.com/avixalex/Give a listen to her aviation podcast, Sky Lounge: https://podcasts.apple.com/de/podcast/sky-lounge-podcast/id1678045129And here's the Ladies Beyond Flying group she mentioned: https://www.linkedin.com/groups/12451302(See, there are links in our show notes for once).Apologies for the audio quality, we had to work around a ton of glitches, and preferred recording than postponing.See you in the next one! Happy flying! 

Welcome, ladies, to the Real Estate InvestHER Show! In this episode, we are being blessed with strategies for reducing expenses in multifamily with the great Tiffany Mittal. Tiffany became a successful businesswoman early on. She owned a beauty spa at 22 and started an import business at 25. After the 2008 recession, she shifted to real estate technology, excelling in the industry for 13+ years. Tiffany led growth in startups, launched her own company, and secured a deal with 10X Incubator. She holds a Masters in Global Leadership and completed programs at Harvard Business School.   In this episode, we will be discussing strategies for reducing utility costs and increasing property valuation when refinancing. Tiffany explains why it's important to charge tenants for utilities in order to encourage conservation and modify their behavior, as well as how the use of a RUBS Calculator can help small investors get access to the same resources that big guys have been doing for years. She also shares how they created Utility Ranger; a software that helps investors manage their utility billing.   Quotes   “Be sure to trust your instincts. So many times, I didn't listen to that gut feeling and things didn't turn out the way I wanted. But when I finally did, the success I had from just putting faith in myself was enormous.” (02:10 – 02:38) “Always check lease language. Many leases simply state 'utilities included,' but there are areas where services have skyrocketed. Unbundling services can help to adapt to price-conscious customers.” (12:40 – 14:19) “It's not simply about billing your tenants. It's about establishing a means to expand your portfolio. Every opportunity to boost your NOI is an opportunity for growth.” (21:22 – 21:38)   Connect with Tiffany: Website: Utility Ranger LinkedIn: Tiffany Mittal Instagram: @tiffanymittal   Resources Mentioned:   ·      The 10X Rule by Grant Cardone   How To Join the InvestHER Movement   1) InvestHER CON 2023 Scottsdale, Arizona, May 18-19 Generational Wealth - You Come First   Here is what you can expect at InvestHER CON 2023: Pre-event network 2 Full days of transformational experiences Access to over 20 Sessions with Keynotes and Speakers Recordings from all sessions Access to investors, mentors, and influencers Mindful networking Opportunities to connect with our sponsors + vendors Coffee and Lunch included Final Reception: Red Party Live 30-day Group Accountability Virtual Session with the Founders Liz and Andresa Exclusive Breakfast for STRIVE members only. "InvestHer CON was truly a transformative experience. I have felt alone for so long and now I feel like a have a community of support. I don't have to be the master of everything and take it all on my shoulders, I just have to do what I am excellent at."  Heather Giammichele   We reserved the entire resort for us!    Join us in. Get your ticket today!   https://www.therealestateinvesther.com/investhercon   2)  InvestHER Community on Facebook: a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals!    3)STRIVE Membership - for highly ambitious and decisive Real Estate investors looking to grow your Real Estate portfolio on your own terms while making deeper relationships with successful women playing at the same level.  APPLY today at https://www.therealestateinvesther.com/membership   4) InvestHER Meetups Around the Globe: attend in-person meetings held monthly by experienced InvestHER Leaders! Find the location near you HERE!     5)The Real Estate InvestHER Podcast - straight talk and inspiration for current and aspiring female real estate investors to live both balanced and financially free lives. Subscribe here.   6)InvestHER™ ORG with eXp: all-woman investment group for agents and build your personal portfolio while creating generational wealth! Get the benefits of being part of a team without extra fees! Click here and schedule a discovery call. Learn more about your ad choices. Visit megaphone.fm/adchoices

Austin Campbell is the managing partner of Zero Knowledge Consulting, an adjunct professor at Columbia Business School, and used to work at Paxos in both Portfolio Management and Chief Risk Officer. He also was Co-Head of Digital Assets in Global Rates at CitiBank at JP Morgan for a decade.  Austin knows a thing or two about the TradWorld and we brought him on to help us navigate all of the TradNews that has surfaced in the last two weeks around the crypto space.  ------

Will Page returns to the show for a “state of the industry” episode. In last year's appearance he correctly called out the slowdown in streaming subscriptions, bubbles in web3, and more.Will believes the value of copyrighted music could hit $45 billion annually when the 2022 numbers are calculated — up $5 billion from 2021, which is already an all-time high for the industry.  Another massive shift is glocalisation”: the trend of local music dominating the domestic charts, as opposed to Western artists. This phenomenon isn't just being felt in music, but across every industry, from film to education.We covered both these trends, plus many more. Here's all our talking points: 1:33 Why the music industry is actually worth $40+ billion annually7:03 Physical music sales on the up and up10:47 How publisher and labels split up copyright value16:59 The rise of “glocalisation” will impact every industry34:39 DSP carnivores vs. herbivores 40:23 Why video vs. music streaming isn't a perfect comparison 46:31 Music as a premium offering in the marketplace 51:38 How to improve streaming royalties  1:06:05 AI music benefits that goes overlooked 1:10:07 Will's latest mix pays homage to Carole KingGlocalisation report: https://www.lse.ac.uk/european-institute/Assets/Documents/LEQS-Discussion-Papers/EIQPaper182.pdfWill Page's 2023 Believe in Humanity:https://www.mixcloud.com/willpagesnc/2023-believe-in-humanity/Listen: Apple Podcasts | Spotify | SoundCloud | Stitcher | Overcast | Amazon | Google Podcasts | Pocket Casts | RSSHost: Dan Runcie, @RuncieDan, trapital.coGuest: Will Page, @willpageauthorThis episode is sponsored by DICE. Learn more about why artists, venues, and promoters love to partner with DICE for their ticketing needs. Visit dice.fmTrapital is home for the business of hip-hop. Gain the latest insights from hip-hop's biggest players by reading Trapital's free weekly memo. TRANSCRIPT[00:00:00] Will Page: I put so much emotional time and effort into making these mixes happen and going out for free.They get your DJ slots, but more importantly, it goes back to what makes me wanna work in music, which was a lyric from Mike G and the Jungle Brothers from that famous album done by the forties of Nature, where he said, it's about getting the music across. It's about getting the message across. It's about getting it across without crossing over.How can I get art across an audience without delegating its integrity? And it's such an honor to have this mixed drop in this Friday I mean, that's, made my year and we're not even into June yet.[00:00:30] Dan Runcie Intro: Hey, welcome to the Trapital Podcast. I'm your host and the founder of Trapital, Dan Runcie. This podcast is your place to gain insights from executives in music, media, entertainment, and more who are taking hip hop culture to the next level.[00:00:56] Dan Runcie Guest Intro: Today's episode is all about the state of the music industry, and we're joined by the One and Only, Will Page. He is a fellow at the London School of Economics. He's an author of Tarzan Economics and Pivot, and he is the former chief economist at Spotify. Will's second time on the podcast. Now, the first time we talked all about the future of streaming and where things are going in music, and we picked that conversation, backed up.We talked about a bunch of trends including the glocalisation of music, which is from a new report that Will had recently put out. We also talked about why he values the music industry to be close to a 40 billion industry, which is much higher than a lot of the reports about recorded music itself.And we also talk about a bunch of the topics that are happening right now, whether it's ai, how streaming should be priced, the dynamic between record labels and streaming services, and a whole lot more love. This conversation will always brings it with these conversations, so I hope you enjoy it as much as I did. Here's our chat.[00:02:00] Dan Runcie: All right, today we have the one and only Will Page with us who is recording from a beautiful location. I don't know if you're listening to the pod you can't see, but will tell us where you are right now.[00:02:09] Will Page: So great to be back like a boomerang on Trapital. Dan, and I'm coming to you from the Platoon Studios. Part of the Apple Company Platoon is our label services company, which is owned by Apple. They're doing great stuff with the artists like Amapiano music from South Africa. And the best place I can describe to you here, it's like a Tardus.Have you've ever seen Dr. Who? There's a tiny door in this tall yard music complex in North London just behind Kings Cross. When you enter that tiny door, you enter this maze of the well class spatial audio recording studios of Apple. And it's an honor they've given me this location to come to Trapital today.[00:02:41] Dan Runcie: Well we're gonna make the best of it here and it's always great to have you on, cuz Last year, last year's episode felt like a state of the industry episode, and that's where I wanna start things off this year with this episode.A couple months ago, you put out your post in your Tarzan economics where you said that this industry is not a 2020 5 billion industry, the way others say. Mm-hmm. You say, no, this is almost a 40 billion industry. So let's break it down. How did you arrive there and what's the backstory?[00:03:12] Will Page: I get goosebumps when you say that you think like 10 years ago we were talking about a 14 billion business and now it's a 40, you know, skews a slurred Scottish pronunciation, but let's just be clear from one four to four zero, how did that happen?Well the origins of that work, and you've been a great champion of it, Dan, is for me to go into a cave around about October, November and calculate the global value of copyright and copyright is not just what the record labels publish, that famous IFPIGMR report that everyone refers to, but it's what collecting studies like ask F and BMI collect what publishers generates through direct licensing.You have to add A plus B plus C labels, plus collecting societies plus publishers together. Then the complex part, ripping out the double counting and doing all the add-backs, and you get to this figure of 39.6 billion, which as you say, you round it up, it begins with a four. And I think there's a few things that we can kind of get into on this front.I think firstly we should discuss the figure. I'll you a few insights there. Secondly, I think we should discuss the division. And then thirdly, I want to cover the physical aspect as well. So if you think about the figure, we've got 39.6 billion. We know it's growing. I think what's gonna be interesting when I go back into that cave later this year to redo that number, it's gonna be a lot bigger.Dan, I'll see it here on Trapital First. I think a 40 billion business in 2021 is gonna be closer to a 45 billion business in 2022. And one of the reasons why it's not labels and streaming, it's a combination of publishers are reporting record collections, essentially they're playing catch up with labels, booking deals that perhaps labels booked a year earlier.And collecting studies are gonna get back to normal after all the damage of the pandemic. And when you drive those factors in where you have a much bigger business than we had before. So for the people listening to your podcast who are investing in copyright, this party's got a waiter run. You know, don't jump off the train yet cause this thing is growing[00:05:18] Dan Runcie: And the piece I want to talk about there is the publishing side of this. If you look at the breakdown of the numbers you have, the publishing is nearly, publishing plus is nearly 13 billion itself. The major record labels own most of the largest publishers right now. Why isn't this number just automatically included? Wouldn't it be in everyone's advantage to include the fact that yes, Universal Music Group and Universal Music Publishing Group are together, part of the entity that make this, whether it's them, it's Warner Chapel, it's others. Why isn't this just the top line number that's shared in all of the other reports?[00:05:56] Will Page: It would be nice if it was, and indeed, I think the publishing industry around about 2001 used to do this. They haven't done it since. But it's like spaghetti. It's the best way I can describe it. I mean, how do you measure publisher income? You know, is it gross receipts by the publisher? Is it the publisher plus the collecting Saudi? That is money that went straight to the songwriter and didn't touch the publisher. So what the publisher holds onto what we call an industry, a net publisher, shares all these weird ways of measuring this industry that we have to be clear on.And it's, not easy. but I think what we do in the report is we try and make it bite size. We try and make it digestible to work out how much of that publisher's business came through, CMOs, the S gaps and BMIs this X over here PS music and how much do they bring in directly? And that allows you to understand a couple of things.Firstly, how do they compare vi to vis labels in terms of their overall income? And secondly, how do they compare when they go out to market directly, let's say putting a sync and a TV commercial or movie versus generating money through collective licensing that is radio or TV via ASCAP or bmr. So you get an interpretation of how these publishers are making those numbers work as well.[00:07:03] Dan Runcie: That makes sense. And then when we are able to break it down, we see a few numbers that roll up into it. So from a high level, at least what you shared from 2021, we have that 25.8 billion number from the recorded side. So that does fall in line with what we see from what the IPIs and others share. 10 billion Sure.From the publishing. And then you do have, the next 3.5 and then a little sliver there for royalty free and for the publishers' direct revenue that doesn't come from the songwriters. The next piece though, within the elements of how all of the revenue flows into that. We've talked a lot about streaming and we've talked, we'll get into streaming in a little bit, but I wanna talk about the physical side cause that was the second piece that you mentioned.We've all talked about vinyl, but it's not just vinyl. So could you talk a bit about where the trends are right now with physical sales and why this is such a huge factor for this number?[00:07:56] Will Page: Who would've thought on a Trapital podcast in May, 2023. We'll be talking about physical as a second topic on the agenda, but it's worth it. I mean, it's not a rounding era anymore. It's not chump change. in America, physical revenues largely vinyl outpaced the growth of streaming for the second year straight. It's not as big as streaming, but it's growing faster and it has been growing faster for two years now. That's crazy. Here in the uk the value of physical revenues to the UK music industry has overtaken the value of physical to Germany.Quick bit of history. For years, decades, Germans used to buy CDs. that's fallen off a cliff. They've given up on CDs. Whereas over here in Britain, we've all started buying vinyl again. So the value of vinyl in Britain is worth more than the value of CDs to Germans, that type of stuff you didn't expect to see.And if you go out to Asia, you see the CD market still strong. You've still got people who buy more than one copy of the same cd, of the same band. Don't ask me to explain the rationale for that, but it happens and it moves numbers. But after all this, when the dust settles, I mean a couple of observations, all the data to me is suggesting that 55, 60% of vinyl buyers don't actually own a record player.So I think it was Peter Drucker who said, the seller really knows what they're selling, and I don't think you're selling intellectual property or music cop right here. What we're actually selling is merchandise, you know, Taylor Swift, I got an email from Taylor Swift team saying they've got a marble blue vinyl coming out this week.Now we're talking about vinyl in the same way we used to talk about stone wash jeans, marble blue. This is like the fourth version of the same 11 songs priced at 29 99. Let's just figure that out for a second. I'm willing to give you 10 bucks a month to, access a hundred million songs on streaming services, but I'm also, it's the same person.I'm also willing to give you 30 bucks to buy just 10 of them. This is expensive music and I might not even be listening to it cause I don't even have a record player.[00:09:55] Dan Runcie: This is the fascinating piece about how we're calculating this stuff because the vinyl sales and all of that has been reported widely as a great boom to the industry and it has been.We've seen the numbers and in a lot of ways it brings people back to the era of being able to sell the hard copy of the thing itself, but it's much closer to selling a t-shirt or selling a sweatshirt or selling some type of concert merchant. It actually is the actual physical medium itself. So it'll be fascinating to see how that continues to evolve, how that embraces as well. On your side though, as a personal listener, do you buy any vinyls yourself that you don't listen to, that you just keep on display or?[00:10:34] Will Page: It's like your shoe collection, isn't it? Yes, right. Is the answer to that. But no, I mean, I will say that I got 3000 fi funk records in the house and they're all in alphabetical chronological order.So if they haven't been listened to, at least I know where to find them.[00:10:48] Dan Runcie: That's fair. That makes sense. So let's talk about the third piece of this, and that's the division of this. So you have the B2C side and you have the B2B side. Can we dig into that?[00:10:59] Will Page: Sure. this is, I think the backdrop for a lot more of the sort of thorny conversations happening in the music industry is now, you may have heard that in the UK we've had a three year long government inquiry into our business.We had the regulator turn over the coals, and so there's a lot of interest in how you split up this 40 billion dollar piece of pie. who gets what? And the division I'm gonna talk about here is labels an artist on one side. Songwriters and publishers on the other side as it currently stands, I would keep it simple and say two thirds of that 40 billion dollars goes to the record label and the artist, one third goes to the publisher and the songwriter.Now, when I first did this exercise back in 2014, it was pretty much 50 50, and when you see things which are not 50 50 in life, you're entitled to say, is that fair? Is it fair that when a streaming service pays a record label a dollar, it pays the publisher and the songwriter around 29 cents? If you're a publisher, a songwriter, you might say, that's unfair, cuz I'm getting less than them.I have preferences, issues, and I have any issues with this division. Well, let's flip it around. If you look at how B2B world works, licensing at the wholesale level, let's say you're licensing the bbc, for example, if your song's played on the bbc, you're gonna get 150 pounds for a play. 90 pounds goes to the songwriter and the publisher, 60 pounds goes to the artist and a record label.Now, is that fair? Why does the publisher win in the B2B market? By the record, label wins in the B2C market. And the one, the lesson I want to give your listeners is one from economics, and it's rarely taught university these days, but back in 1938, 1939, in a small Polish town called la. Now part of the Ukraine, ironically, free Polish mathematicians sat in a place called a Scottish Cafe, ironic for me, and invented a concept called Fair Division.And the question they posed was, let's imagine there's a cake and there's two people looking at that cake getting hungry. There's Dan Runcie over in the Bay Area and there's Will page back in Edinburgh. What's the best way to divide that cake up? And the conclusion they came up with is you give Will page, the knife.Aha, I've got the power to cut the cake. But you give Dan Runcie the right to choose which half. Damn, I've gotta make that cut really even otherwise, Dan's gonna pick the bigger half and I'll lose out. And this divider two model gave birth to the subject of fair Division and it simply asked, what makes a fair division fairer?How can I solve a preference? How can I solve for envy? I want that slice, not that slice. I'm unhappy cause Dan got that slice and not that slice. There's a whole bunch of maths in this. We had a third person that gets more complex. But I just wanna sow that seed for your listeners, which is when we ask questions like, why is it the label gets a dollar and the publisher gets 29 cents?There's gotta be some rationale why you know who bets first? Is it the label that bets first or the publisher who commits most? Is it label that commits most marketing spend or the publisher? These types of questions do with risk, often help answer questions of fair division, or to quote the famous Gangstar song, who's gonna take the weight?Somebody's gotta take a risk when you play this game, and perhaps there's a risk reward trade off, which is telling us who gets what Share of the spoils.[00:14:15] Dan Runcie: Let's unpack this a little bit because it's easy to see. May not be fair, but it's easy to see why the record labels get preference on the B2C side because as I mentioned before, the record labels have acquired a lot of the publishers, and especially in the streaming era, they were prioritizing that slice of the pie, their top line, as opposed to what essentially is the subsid subsidiary of their business, the publishing side.Why is it flipped with sync? Well, how did that dynamic end up being that way?[00:14:47] Will Page: That's an anomaly, which is actually blatantly obvious. You just don't think about it. And the way it was taught to me is anyone can record a song, but only one person can own a song. So I think, let's give an example of, I don't know, a Beach Boy song where I could ask for the original recording of that Beach Boy song to be used in the sync.Or I could get a cover band. So let's say I got a hundred thousand dollars to clear the rights of that song, and the initial split should be 50 50. If a band is willing to do a version of it for 10,000, the publisher can claim 90,000 of the budget and get the option. If the record label objects and says, well, I wish you used a master.Well, you got a price under the 10,000 to get the master in. So this kind of weird thing of bargaining power, if you ever hear. Let me scratch that again. Let me start from the top. Let me give you a quick example, Dan, to show how this works. One of my favorite sort of movies to watch when you're Bored and killing Time is The Devil's Swear, Prada great film.And then that film is a song by Seal called Crazy, incredible song, timeless. That guy has, you know, timeless hits to his name, but it's not him recording it. Now, what might have happened in that instance is the film producer's got a hundred thousand to get the song in the movie, and he's looking to negotiate how much you pay for publishing, how much you pay for label.Now the label is getting, you know, argumentative, wanting more and more, and the publisher is happy with a certain fee. Well, the film producer's got an option. Pay the publisher of the a hundred thousand, pay him 90,000, given the lion share of the deal. And then just turn the label and say, screw you. I'm gonna get a covers bant and knock me out.A decent version of it. And this happens all the time in TV films, in commercials, you'll hear covers of famous songs. And quite often what's happening there is you gotta pay the publisher the lion share of your budget and then just cough up some small chains to the covers bant to knock out a version.And then, so just a great reminder, Dan of anyone can record a song, but only one person can own the song that is the author. And that's why negotiating and bargaining power favors publishes in sync over the record labels.[00:16:59] Dan Runcie: That makes sense. And as you're saying that, I was thinking through five, six other examples of cover songs I've seen in many popular TV shows and movies.And this is exactly why?[00:17:08] Will Page: It's always car commercials. For some reason, every car commercial's got cover in a famous song. You think, remember that weird Scottish guy down Ronie Trapital? Yeah. That's what's happened. The publishers pool the rug from under the record label's feet at negotiation table.Another super important observation about the glocalisation trend, Dan, is I'm gonna take one of those 10 countries as our spotlight, Poland. Now the top 10 in Polands or Polish, the top 20 in Poland, or Polish. In fact, if you go to the top 40, it's pretty much all Polish bands performing in Polish, and you could say that's localization.But stop the bus. Most of those acts are performing hip hop, which is by itself a US genre. So perhaps we've got glocalisation of genre, but localization of language and artist. And that's a very important distinction for us to dissect. And perhaps it's for the anthropologist, the sociologist, to work out what's going on here.But it's not as straightforward as it's just local music. It's local music, but it's global genres, which is driving us forward.[00:18:08] Dan Runcie: And that's a great point for the people that work at record labels and other companies making decisions too, because there's been so much talk about hip hop's decline. But so much of that is focused on how this music is categorized and a lot of it's categorized solely on.What is considered American hip hop. But if you look at the rise of music in Latin America, which has been one of the fastest growing regions in the world, most of that music is hip hop. Bad Bunny considers himself a hip hop artist. You just brought up this example of Polish hip hop being one of the most popular genres there.So when we think about. How different genres get categorized, which genres get funding. Let's remember that key piece because hip hop is this culture and it's global, and that's gonna continue. So let's make sure that we are not taking away from a genre that is really one of the most impactful and still puts up numbers if we're categorizing it in the right way.[00:19:04] Will Page: Damn straight. I mean, I think genres are often like a square peg trying to fit into a round hole and in a paper published by London School of Economics, I was honored to use that line that I think I said on trap last time, which is rap is something you do. Hip hop is something you live. Rap could be the genre, hip hop could be the lifestyle.Maybe what those Polish acts getting to the top of the charts of doing is representing a lifestyle, but they're doing it in their mother tongue.[00:19:28] Dan Runcie: Well said. Agreed. Well, let's switch gears a bit. One topic that I wanna talk about, and I actually gave a talk recently, and I referenced you from this term, and its of music, was the glocalisation of music and why this is happening and what it means for Western music specifically in the us. But first, if you could define that term and explain why this is so important in music right now.[00:19:53] Will Page: Well, I'm so excited to be on Trapital talking about this because we are now officially published by London School of Economics, so I'm gonna make my mom and dad proud of me. At last Backstory, paperback of my book, guitars in Economics, retitled to Pivot. Apparently WH Smith's Travel and Hudson Travel said books with economics in their titles Don't sell an airport.So we've rebranded the whole book to Pivot and it's in airports, which is a result. that book, that paperback came out on the 6th of February and that night I was on the BBC one show and they had this great happy, clappy family friendly story. They wanted to bounce off me. They said, Hey, will, Isn't it great that the top 10 songs in Britain last year were all British ex?For the first time in 60 years, Britain got a clean sweep of the top 10 in the music charts. And I said, curb your enthusiasm because we're seeing it elsewhere. The top 10 in Germany, were all German. Top 10 in Italy, all Italian, ditto France, deto Poland. And if you go to Spain, the top 10, there were all Spanish language, but largely Latin American.So it's not just a British thing that we've seen this rise of local music on global streaming platforms. We're seeing it everywhere, cue some gulps and embarrassments live in the TV studio. But I made my point and I came out of that interview thinking. Well that stunned them. It's gonna stu more people.And I said about working on a paper called glocalisation, which with a Scottish accent, it's hard to pronounce. Let's see how you get on with it. Not localization and not glocalisation. Emerging to by definition and by practice glocalisation. I teamed up with this wonderful author, Chris Riva, who'd be a great guest on your show.He did a wonderful blog piece you may have read, called Why is There No Key Changes in Music anymore? It's a really beautiful piece of music writing and there isn't. Nobody uses key changes in the conclusion of songs. And we set out to do this academic study to explain to the world what's been happening in music and why it's relevant to everyone else.And what we saw across 10 European countries was strong evidence of local music dominating the top of the charts in these local markets on global platforms. Now history matters here. We didn't see this with local High street retailers, America, British, Canadian music dominated those charts. We still don't see it in linear broadcast models like radio and television, you know, it's still English language repertoire dominating those charts. But when it comes to global streaming, unregulated free market, global streaming, we see this phenomenal effect where local music is topping the charts. And you know, you look at what does it mean for us English language countries like ourselves?It means things get a little bit tough. It means exporting English language repertoire into Europe becomes harder and harder. Maybe I'll just close off with this quite frightening thought, which is Britain is one of only three net exporters of music in the world. The other two being your country, United States and Sweden.Thanks to a phenomenal list of Swedish songwriters and artists. And I can't think of the last time this country's broken a global superstar act since Dua Lipa in 2017. Dan, we used to knock them out one, two a year. 2017 was a long time ago, and it's been pretty dry since.[00:23:13] Dan Runcie: And that's a great point for the people that work at record labels and other companies making decisions too, because there's been so much talk about hip hop's decline. But so much of that is focused on how this music is categorized and a lot of it's categorized solely on.What is considered American hip hop. But if you look at the rise of music in Latin America, which has been one of the fastest growing regions in the world, most of that music is hip hop. Bad Bunny considers himself a hip hop artist, you just brought up this example of Polish hip hop being one of the most popular genres there.So when we think about, how different genres get categorized, which genres get funding. Let's remember that key piece because hip hop is this culture and it's global, and that's gonna continue. So let's make sure that we are not taking away from a genre that is really one of the most impactful and still puts up numbers if we're categorizing it in the right way.[00:24:07] Will Page: Damn straight. I mean, I think genres are often like a square peg trying to fit into a round hole and in a paper published by London School of Economics, I was honored to use that line that I think I said on trap last time, which is rap is something you do. Hip hop is something you live. Rap could be the genre, hip hop could be the lifestyle.Maybe what those Polish acts getting to the top of the charts of doing is representing a lifestyle, but they're doing it in their mother tongue.[00:24:32] Dan Runcie: Well said. Agreed. This is something that's been top of mind for me as well because technology in general has a way of making regions and making people in particular regions closer together than it does making the world bigger. It's like in, in a sense, technology can make the world seem bigger, but it actually makes it seem smaller, right? And I think that algorithms and bubbles that come from that are another symptom of this.But this is going to have huge implications for Western music. You mentioned it yourself. All of these markets that are used to being export markets, when they no longer have the strength to be able to have those exports, how does that then change the underlying product? How does that then change the budgets, the expectations of what you're able to make? Because if you're still trying to maintain that same top line revenue, you're still trying to maintain those airwaves you have, it's gonna cost you more money to do that, because you can't rely on the few Western superstars that you have to get, that you have to have equivalent of a superstar or at least a middle tier star in every region that you once had strong market share that you could export in.And it's gonna change cost structures. It's gonna change focus. And a lot of these expansions that we've seen of record labels, especially Western record labels, having strong footprints in different regions across the world, they're not just gonna need to have presence, they're gonna need to have strong results.And in many ways, try to rival the own companies that are in those comp, in those regions, the homegrown record labels, because every country is trying to do their own version of this and it's gonna be tight. This is one of the challenges that I think is only gonna continue to happen.[00:26:14] Will Page: You're opening up a real can of worms. I get it. Pardon to your listeners, we're getting excited here. Day of publication, first time we've been able to discuss it on air, but I know I'm onto something huge here and you've just illustrated why just a few remarks. One, some of the quotes that we have in the paper were just phenomenal. We have Apple included in the paper. We have Amazon, Steve Boom, the head of that media for Amazon in charge of not just music, but Twitch audio books, the whole thing. He's looking at all these media verticals. He makes this point where he says, as the world becomes more globalized, we become more tribal. Stop right there, as he just nailed it.What's happening here? It's The Economist can only explain so much. This is what's so deep about this topic. I wanna toss it to the anthropologist of sociologists to make sense of what I've uncovered, but it's massive. Now let's take a look at what's happening down on the street level with the record labels and the consumers. You know, the record labels are making more money and they're devolving more power to the local off seats. You know the headcount in the major labels, local off season, Germany, France, and Vietnam or wherever is doubled in the past five years. It hasn't doubled in the global headquarters. That's telling you something.If you look at how labels do their global priority list, maybe every month, here's 10 songs we want you to prioritize globally. So I had a look at how this is done, and across the year I saw maybe 8, 10, 12 artists in total, and there's 120 songs. There's not that many artists. You think about how many local artists are coming out the gate every week hitting their local labels or local streaming staff, up with ideas, with showcases and so on.Not a lot of global priority. Then you flip it and you think about the consumer, you know, they've had linear broadcast models for 70 years where you get what you're given. I'm gonna play this song at this time and you're gonna have to listen to it. FM radio, TV shows now they're empowered with choice and they don't want that anymore.They want what's familiar. What comforts them. They want their own stars performing in their own mother tongue topping those charts. So this has got way to go. Now, a couple of flips on this. Firstly, what does this mean for artists? And then I'm gonna take it out of media, but let's deal with artists.Let's imagine a huge festival in Germany. 80,000 people now festival can now sell out with just German X, no problem at all. So when the big American X or British X commanded like a million dollars a headlining fee, you wanna go play that festival. That promoter can turn around and say, sorry man, I can't generate any more money by having you on my bill.How much are you gonna pay me to get on stage? Price maker, price taker? You see what happens. And then the last thing, and there's so much more in this paper for your listeners to get to, and let's please link to it and you'll take, I'll take questions live on your blog about it as well, but. There's a great guy called Chris Deering, the father of the Sony PlayStation. Did you play the Sony PlayStation back in the day? Were you're a fan of the PlayStation.[00:29:08] Dan Runcie: Oh, yeah. PS one and PS two. Yeah. Okay.[00:29:11] Will Page: You, oh, so you, you're an OG PlayStation fella. So he's the father of the PlayStation and launching the PlayStation in the nineties and into the nineties. He offered us observation, which is when they launched a SingStar, which was karaoke challenge.In the PlayStation, he says, we always discussed why the Swedish version of SingStar was more popular in Sweden than the English version Science. Intuitive enough. Let me break it down. Gaming back then was interactive music was not, you interacted with your PlayStation, that's why you killed so much time with it. Music was just a CD and a plastic case that broke your fingernails when you tried to open it. That's how the world worked back then and gaming offered you choice. I could try and do karaoke with those huge global English language hits where I could go further down the chart and buy the Swedish version and sing along to less well known Swedish hits. And the consumer always picked the Swedish version. So as a bellwether, as a microcosm, what I think Chris Ding was teaching us was we saw this happening in gaming long before you started seeing it happen with music. 20 years ago when there was interactive content, which gaming was, music wasn't, and consumers had a choice, which gaming offered a music didn't.They went local. Today, Dan, we're dealing with music lists, A interactive, and B offers choice. And what we're seeing is local cream is rising to the top of the charts.[00:30:33] Dan Runcie: And we're seeing this across multimedia as well. We're seeing it in the film industry too. Even as recent as five, 10 years ago, you release any of the blockbuster movies that were successful in the us, almost all of them had some overseas footprint.Some of them definitely vary based on the genre, but they were always there. But now China specifically had been such a huge market for the Hollywood and Box office specifically, but now they're starting to release more of their own high ed movies and those are attracting much more audiences than our export content can one.Two, the Chinese government in general is just being very selective about what they allow and what they don't allow. And then three, with that, that's really only leaving certain fast and furious movies and Avatar. That's it. The Marvel movies are hit and missed depending on what they allow, what they don't allow, and how, and it's just crazy to see the implications that has had for Marvel Studios for everyone else in Hollywood as well.When you think about it, and we're seeing this across multimedia, I think there's a few trends here that makes me think about, one is. Population growth in general and just where those trends are and how different corporations can approach the opportunity. Because I look at Nigeria, you look at Ethiopia, these are some of the fastest growing countries in the world.And you look at the music that is rising more popular than ever, whether it's Amapiano or it's Afrobeats, that's only going to continue to grow. And that's only from a few regions in the huge continent of Africa. So when we're thinking about where success is gonna come from, where that lines up with infrastructure, people have been seeing it for years.But the reason that we're seeing the growth in Africa, the growth in Latin America, the growth in a lot of these markets is this trend of glocalisation and it's only going to increase. So if we're thinking about where we wanna invest dollars, where we wanna build infrastructure in the future, we not just being folks that live in the western world, but also elsewhere in the world, this is where things are heading.[00:32:37] Will Page: Let me come in down the middle and then throw it out to the side. So, Ralph Simon, a longtime mentor of mine, is quoted in the paper and where he's actually gonna moderate the address here at the Mad Festival here in London, which is for the marketing and advertising community here, where he says, what you've uncovered here that headwind of glocalisation is gonna affect the world of marketing and advertising this time next year.That's what will be the buzzword in their head. So if you think about, I don't know, a drinks company like Diagio, maybe they've got a globalized strategy and a globalized marketing budget. When they start seeing that you gotta go fishing where the fish are and the fish are localized, they're gonna devolve that budget and devolve that autonomy down to local offices. So the wheels of localization, this rise of local, over global, they've only just got started, if I've called it right. We're onto something way bigger than a 20 minute read LSE discussion paper. This goes deep, deep and far beyond economics. But then you mentioned as well China, I mean just one offshoot observation there, which is to look at education.If you look at the UK university system, about a third, if not more, of it is subsidized by the Chinese government and Chinese students here. Great for business, slightly dubious in its business, besties, charging one student more than another student for the same product. But that's what we do over here.And I recently, we made a fellow of Edmar University's Futures Institute, which is an honor to me, you know, gets me back home more often. Fine. And I was learning from them that. The quality of students coming from China to study here in Britain and across Europe is getting worse and worse. Why? Cuz the best students have got the best universities in China.They no longer need to travel. So there's a classic export import dilemma of, for the past 10, 15 years, universities have built a complete treasury coffer base of cash around selling higher education to the Chinese. And now the tables are turning. I don't need to send my students to you universities anymore.I'll educate them here. Thank you very much. So, like I say, this stuff is a microcosm. It's got a can of worms that can open in many different directions[00:34:39] Dan Runcie: And it's gonna touch every industry that we know of to some extent, especially as every industry watches to be global to some extent. This is going to be a big topic moving forward.Let's shift gears a bit. One of the terms that was really big for us. That came from our podcast we did last year. We talked about herbivores and we talked about carnivores, and we talked about them in relation to streaming. We haven't touched on streaming yet, and this will be our opportunity to dig down into it, but mm-hmm.For the listeners, can we revisit where that came from, what that means, and also where this is heading? What does this mean for music streaming right now as it relates to the services and competition?[00:35:24] Will Page: Well, when I first came on Trapital, that was in a small Spanish village of Cayo De Suria and I didn't think I'd come up with an expression that would go viral from a small village in Spain to be, you know, quoted from in Canada, in America.And Dan, this is quite hilarious. we have a new secretary of state of culture here in the UK. The right Honorable MP, Lucy Fraser KG, Smart as a whip. Brilliant. And when I first met her, you know what the first thing she said was, I listened to you on Trapital. I wanted to ask you about this thing you've got going called herbivores and carnivores.So right the way through to the corridors of power, this expression seems to have traveled. What are we talking about? Well, the way I framed it was for 20 years we've had these streaming services, which essentially grow without damaging anyone else. Amazon is up. Bigger subscriber numbers. Apple's got bigger subscriber numbers.YouTube and Nancy's bigger subscriber numbers. And then Spotify. Nancy's bigger subscriber numbers. Everyone's growing each other's gardens. That's fine. That's herbivores. What happens when you reach that saturation point where there's no more room to grow? The only way I can grow my business is stealing some of yours.That's carnivores. And the greatest example is simply telcos. We're all familiar with telcos. We all pay our broadband bills. How do telcos compete? Everybody in your town's got a broadband account, so the only way you can compete is by stealing someone else's business. The only way here in Britain Virgin Media can compete is by stealing some of skies.The only way that at and t competes is by stealing some of com. So that's carnival competition. Now, the key point for Trapital listeners is we don't know what this chapter is gonna read like cuz we've never had carus pronounce that word correctly. Carus behavior before. We've never seen a headline that said, Spotify's down 2 million subs and apple's up 2 million, or Amazon's up 3 million and you know, YouTube is down 3 million.We don't know what that looks like. So I think it's important for Trapital to start thinking about logical, plausible scenarios. You kick a one obvious one, which is again, a lesson from the telcos. When we do become carnivores, do we compete on price or do we compete on features? Let me wheel this back a second, you know, we'll get into pricing in more depth later. But downward competition on price tends to be how carnivores compete, and that'll be a fascinating development given that we've not seen much change in price in 22 years in counting or as we saw with Apple, they roll out spatial audio, they charge more for it, they've got a new feature, and they charge more for that feature.So do we see downward competition blood on the carpet price competition, or do we see. Upward competition based on features. I don't know which one it's gonna be. It's not for me to call it. I don't work for any of these companies. I've worked with these companies, but I don't work for any of them directly.But we have to start discussing these scenarios. How's this chapter gonna read when we start learning of net churn amongst the four horseman streaming services that's out there. It's gonna be a fascinating twist, and I'm beginning, Dan, I'm beginning to see signs of con behavior happening right now, to be honest with you.I can see switchers happening across the four, so I think we're getting there in the US and the UK. What are those signs you see? I'm just seeing that in terms of subscriber growth, it's a lot bumpier than before. Before it is just a clear trajectory. The intelligence I was getting was, everyone's up, no one needs to bother.Now I flag, you know, I signed the siren. I'm beginning to see, you know, turbulence in that subscriber growth. Someone could be down one month, up the next month. Maybe that's just a little bit of churn. The ending of a trial period, you don't know. But now for me, the smoke signals are some of those services are seeing their gross stutter.Others are growing, which means we could start having some switching. I can add to that as well. Cross usage is key here. I really hammered this home during my 10 years at Spotify, which is to start plotting grids saying, who's using your service? This person, that person, and next person now ask what other services are they using?And some data from America suggests that one in four people using Apple music are also using Spotify. And one in four people using Spotify are also using Apple Music. Cross usage confirmed. So if that was true, what do you make of that? With a public spending squeeze? With inflation, with people becoming more cost conscious in the economy with less disposable income, maybe they wanna wheel back from that and use just one, not two. And that's where we could start seeing some net churn effects taking place as well. So, you know, imagine a cross usage grid in whatever business you're working on. If your Trapital listeners and ask that question, I know who's using my stuff, what else are they using? Um, that's a really, really important question to ask to work out how this carnivore scenario is gonna play out.How are we gonna write this chapter?[00:40:23] Dan Runcie: This is interesting because it reminds me of the comparisons that people often make to video streaming and some of the dynamics there where prices have increased over the years. I know we've talked about it before to tend to a 12 years ago Netflix was cheaper than Spotify was from a monthly, US price group subscription.And now tough, tough. It's right. And now it's nearly twice the price of the current price point. That it is. The difference though, when we're talking about when you are in that carnival, when you're in that carnival market, what do you compete on? Features or price? Video streaming, you can compete on features essentially because the content is differentiated.If you want to watch Wednesday, that Netflix series is only one platform that you can watch it on. Yeah, you need to have that Netflix subscription, but in music it's different because if you wanna listen to SZA's SOS album, that's been dominating the charts. You can listen to it on any of these services.So because there are fewer and fewer limitations, at least, if your goal, main goal from a consumption perspective is to listen to the music, how do you then differentiate, which I do think can put more pressure on price, which is very interesting because there is this broader pricing debate that's happening right now about why prices should be higher.And we've seen in the past six plus months that Apple has at least raised its prices. Amazon has done the same, at least for new subscribers. Spotify has announced that it will but hasn't yet and this is part of that dynamic because on one hand you have these broader economic trends as you're calling them out, but on the other hand you do have the rights holders and others pushing on prices to increase.And then you have the dynamic between the rights holders and then the streaming services about who would then get the increased revenue that comes. So there's all of these fascinating dynamics that are intersecting with this her before shift to carnivores[00:42:23] Will Page: For sure. Let me just go around the block of those observations you offered us. All relevant, all valid and just, you know, pick off a few of them. If we go back to Netflix, I think Netflix has a, not a herbivore. I'm gonna talk about alcohol here cause it's late in the day in the UK. A gin and tonic relationship with its competitors. That is, if Dan Runcie doesn't pay for any video streaming service, and let's say Netflix gets you in and I'm the head of Disney plus, I say, well, thank you Netflix.That makes it easier for me to get Dan to pay for Disney Plus too. They compliment each other. They are genuine complimentary goods. They might compete for attention. You know who's got the best exclusive content, who's gonna renew the friends deal, whatever, you know, who's gonna get Fresh Prince of Bel Air on?That could be a switch or piece of content too, but when you step back from it, it's gin and tonic. It's not different brands of gin, that's really important technology, which is they've grown this market of video streaming. They've increased their prices and the same person's paying for 2, 3, 4 different packages.If I added up, I'm giving video streaming about 60 quid a month, and I'm giving music streaming 10 and the sixties going up and the music's staying flat. So it's bizarre what's happened in video streaming because the content is exclusive. Back to, how do music carnivores play out again? Could we see it play out in features?I listen to airport cause they've got classical and I listen to Spotify because it got discovered weekly. Is that plausible? Personally, I don't buy it, but you can sow that seed and see if it takes root, as well. I think just quick pause and Apple as well. I think two things there. They've launched Apple Classical. That's a very, very good example of differentiating a product because it's a standalone app like podcast as a standalone app. The way I look at that is you can go to the supermarket and buy all your shopping. You can get your Tropicana orange juice, you can get your bread, get your eggs, get your meat, get your fish or you could go to a specialist butcher and buy your meat there instead. Apple Classical for me is the specialist butcher as opposed to the supermarket, and they're offering both in the same ecosystem. It'd be incredible if they preload out the next iOS update and give 850 million people an Apple classical app.Imagine if they did that for Jazz, my friend. Imagine if they did that for jazz. Just if Apple's listening, repeat, do that for jazz. So there's one example. The other example from Apple is to go back to bundling. You know we talk about 9.99 a month. I chewed your ear off about this topic last time I was on your show.Just to remind your listeners, where did it come from? This price point in pound Sterling, in Euro in dollar that we still pay for on the 20th of May, 2023. It came from a Blockbuster video rental card that is when reps, he got its license on the 3rd of December, 2001. Not long after nine 11, a record label exec said if it cost nine 90 nines, rent movies from Blockbuster.That's what it should cost to rent music. And 22 years plus on, we're still there, ran over. But what does this mean for bumbling strategies? How much does Apple really charge? If I give $30 a month for Apple One, which is tv, music, gaming news, storage and fitness, all wrapped up into one price. Now, there's a famous Silicon Valley investi called James Barksdale.Dunno if you've heard of him from the Bay Area where you're based. And he had this famous quote where he said, gentlemen, there's only two ways to make money in business. Bundling and unbundling. What we've had for the past 10 years is herbivores. Unbundling. Pay for Netflix, don't pay for Comcast. Pay for Spotify. Don't pay for your CDs, fine. What we might have in the next 10 years is carnivores bundling, which is a pendulum, swings back towards convenience of the bundle and away from the individual items. So Apple, take 30 bucks a month off my bank balance. Please take 40. All I want is one direct debit. I don't care about the money, I just want the bundle.And I don't want to see 15 direct debits every month. I just wanna see one. I think that's a very plausible scenario for how the next 10 years it's gonna play out as we shift from herbivores to carnivores[00:46:31] Dan Runcie: And the bundle benefits, the companies that have the ability to do that, right? You can do that through Amazon Prime and get your video, your music, your free shipping or whatever is under that umbrella. You could do that through Apple. You mentioned all the elements under Apple one. Spotify has some element of this as well, whether it's exclusive podcasting and things like that. So you're starting to see these things happen, one thing that you mentioned though earlier, you're talking about going through the supermarket and all of the items that you could get there versus going to the specialty butcher.One of the unique aspects of the supermarket thing though, is that. You go into the supermarket, yes, you can get your high-end Tropicana, or you can get the generic store brand, but you're gonna pay more for that high-end Tropicana because you're paying for the brand, you're paying for everything else that isn't gonna necessarily be the same as the generic one.That may not necessarily be the same quality or the same taste. We're seeing this a bit in the streaming landscape now and some of the debates that were happening. You've heard the major record label executives talk about how they don't necessarily want their premium music. They see their content as HBO level and it's being in a playlist next to rain music, or it's next to your uncle that is playing some random song on the banjo and they're getting essentially the same price going to the rights holders for that song.And in the supermarket that's obviously very different, each item has its own differentiator there, or econ has its own price point there and its own cost, but that isn't necessarily the same thing in music. Of course, the cost of each of those tracks may be different, but the revenue isn't. So that's gonna be, or that already is a whole debate that's going on right now. Do you have thoughts on that?[00:48:21] Will Page: Well, you tossed top Tropicana, let me go grab that carton for a second. It's one of the best economic lessons I ever learned was visiting a supermarket in America cuz it's true to say that when you go into one of your American supermarkets, an entire aisle of that precious shelf space, it's dedicated to selling inferior brands of orange juice next to Tropicana.Just very quickly what's happening there, the undercover economist, if you want, is a bargaining power game. Tropicana knows The reason Dan Runcie pulled the car over, got the trolley, went into that supermarket is to get a staple item of Tropicana and other stuff. By the time it gets to the till, Tropicana could be $5.By the time he gets to till he spent $50. So here, subscriber acquisition cost contribution is really high. They're getting you into the mall. What you do once you're in the mall is anyone's business, but they got you in. Otherwise you would've gone to the deli across the street. So they could say to the supermarket, I'm gonna charge you $7 to sell that Tropicana for $5 in my supermarket.Supermarket knows this, they know that Tropicana's got the bargaining paris. They counter by saying, here's an entire shell space of awful brands of orange juice to curb your bargaining power to see if the consumer wants something different. Now is this Will Page taking a stupid pill and digressing down Tropicana Alley. No. Let's think about this for a second today, Dan, there's a hundred thousand songs being onboarded onto streaming services. Is there anybody what? Marching up and down Capitol Hill saying We want a hundred thousand songs. No, the floodgates have opened them. It's all this content. Two new podcasts being launched every minute.All this content, all of these alternative brands to Tropicana. But you just wanted one. And I think the record labels argument here is that one Cardinal Tropicana is worth more than everything else you're offering by its side. So we wanna rebalance the scales. Now this gets really tricky and very contentious, but what is interesting, if you wanna take a cool head on this topic, it's to learn from the collecting studies, which is not the sexiest thing to say on a Trapital podcast, but it's to look at your Scaps and your BMIs and understand how they distribute the value of money for music.Since their foundation in the 1930s, scap has never, ever treated music to have the same value. They have rules, qualifications, distribution, allocation practices, which change the value of music. And they don't have data scientists then. And to be honest, I don't think they have data scientists now, but they always have treated the value of music differently.When they were founded, they had a classical music distribution pot and a distribution pot for music that wasn't classical music. Ironically, their board was full of classical composers, and I think that's called embezzlement, but we'll leave that to the side. What we have here is a story of recognizing music as different value in the world of collecting Saudi.I call that Jurassic Park, but in the world of music streaming with all those software developers and engineers and data scientists, 22 years of 9.99 money coming in and the Prorata model, which means every song is worth the same for money going out, and that's your tension. That's your tension. How do you get off that?Tension is anyone's business. We got some ideas we can discuss. User-centric is one, autocentric is another. I've got a few ideas for my own, but I want your audience to appreciate. In straight no chaser language we call it. That's the undercurrent of what's going on here. How do you introduce Trapitalism to communism?[00:51:38] Dan Runcie: You mentioned there's artist centric, user-centric, but you mentioned some ideas you had of your own. What are those ideas?[00:51:44] Will Page: Can I bounce it off? Use my intellectual punch bag for a quick second. Yes, and I've worked 'em all. I've worked on the artist centric model. I've worked on artist growth models. That's up on YouTube. I've worked on user centric, but I'm just, I'm worried that these models, these propositions could collapse the royalty systems that these streaming services work under. The introduction of user centric or artist centric could become so complex, so burdensome, the royalty systems could break down.That's a genuine concern I have. It's not one you discuss when you talk about your aspirations and the land of milk and honey of our new streaming model that you envisage. Back in the engine room when you see how royalties are allocated and calculated and distributed out to right holders, I mean they're under stress anyway.Any more stress could snap it. So I come at this model, my proposition from the one that's least likely to break the system. I'm not saying it's the best model, but it's the least like least likely to have adverse impact on the system. And it came from my DCMS Select Committee performance in the UK Parliament, which your listeners can watch, we can give the link out, which is I said to the committee in terms of how you could change the model.What about thinking about duration? This wheel back since 1980s when B BBC radio plays, let's say Bohemian Rhapsody, it will pay for that song twice what it would pay for. You're my best friend, members of Queen wrote both songs, both released within three, four years of each other, but one lasts twice as long as another.So duration is not new. We factor in duration a lot in our music industry. We just never thought about it. If you look at Mexico, the Mexican collecting Saudi, which is so corrupt as an inside an army barracks, if you look there, they have sliding scales, duration. They factor in time, but they say the second minute is what?Less than the first. But I'm giving you more for more time just adding, decreasing scale. Germany, they have ranges in your country. America, mechanical licensing collective, the MLC in Nashville, they have overtime songs that last more than six minutes get a 1.2 multiplier. So I've been thinking about how could you introduce duration to this business?And the idea I've come up with is not to measure time. That'd be too complex, too burdensome. Every single song, measuring every second of consumption. How do you audit there? If you're an artist manager, but I wanna measure completion, then I think this is the answer. I want songs that are completed in full to receive a bonus and songs that are skipped before they end to receive a penalty.Not a huge bonus, not a huge penalty, but a tweak. A nudge that says, I value your attention. I value great songs, and you listen to these great songs and it captures my entire attention. You deserve something more. But if I skipped out after the first chorus, you deserve something less. I think that small nudge is a nudge in the right direction for this industry, and it wouldn't break the systems.So there it is. Tell me now, have I taken a stupid pill?[00:54:42] Dan Runcie: What I like about it, and I've heard other people in the industry mention this too, you're able to get something closer to what we do see in video streaming. I forget which app is specifically, but their threshold is 75%. So they acknowledge that yes, if you don't wanna watch the credits, you don't wanna listen to the closeout, that's fine.But if we at least get you for 75%, then we are gonna count that, and then that then can get used internally. That can then get used in different areas. But I think it provides everyone better data and analysis, much better data to be able to break down than. Whether or not you listen to the first 30 seconds, that's such a low threshold, but that's essentially where we are today.I think the biggest thing, regardless of what path is chosen, because as you and I both know, there's trade-offs to everyone. So instead of going through all the negative parts about it, I think it's probably more helpful to talk about it collectively, you accept the fact that there are trade-offs. You accept the fact that people are gonna try to game the system regardless of how you go about it.Because we have seen duration work elsewhere and it does get at that particular thing that we're trying to get at there is help there. And you mentioned other things such as, yes, if you're listening to the Bohemian Rhapsody, you, which I think is at least seven minutes and 15 seconds, most likely longer versus two minute song that is clearly idealized for the streaming era.There still should be maybe some slight difference there because listening to a minute and 30 seconds is very different than listening to five minute and 45 seconds to be able to hit that 75% threshold. So between that and then I've heard other topics such as which artists you start your session with should have some type of multiplier on there, and as opposed to someone that gets algorithmically recommended to you to be able to put some more onus on the on-demand nature of music streaming.The tough thing is that these things do get tough in general. Anytime there's any type of multiplier or factor in, there still is a zero sum pot that we're taking the money out of. So accepting the trade-offs, I like the direction, I think that there's a few ways to go about it that could make it more interesting, but in general, I do think that any of the proposed options I've seen at least, allow a bit more of a true economic reflection of where the reality is as opposed to where things are today.And I understand where things are today. It's easy. It's easy to report, it's easy to collect on and pay people out, relatively speaking. But like anything, there's trade offs.[00:57:14] Will Page: Yeah, it's really easy today. Even drummers can work out their royalties and no offense to drummers, but that's telling you something.But two points on my dura