My proof that we’re onto one thing is we have seen a handful of content material offers, and the corporate that has gotten the perfect deal by far is Reddit. We all know from their public filings that final 12 months they acquired near $140 million a 12 months from Google and OpenAI.
Hmm.
In case you examine that with the same deal that was achieved for The New York Occasions, they acquired about $20 million. So Reddit acquired seven instances greater than The New York Occasions. Why? Effectively, possibly it is loopy …
I believe I do know the place you are going, and I am gonna agree with you, however [$140 million compared to $20 million is] a wildly totally different quantity.
Yeah. However 20 minutes in the past we each, I believe, agreed that we’re nostalgic for the quirky web …
Oh, I really like Reddit.
… and there is nothing that represents that greater than Reddit. The New York Occasions is superb, however in case you have information from The New York Occasions, The Wall Avenue Journal, The Washington Put up, The Boston Globe, like how a lot actual distinction is there? Principally the info keep the identical between these, whereas Reddit is that this distinctive content material, and so we have already got some proof that the enterprise mannequin of the AI-driven internet goes to be one which rewards the Reddits of the world extra.
All proper. I gotta work out what gap within the Swiss cheese I am gonna fill.
You already know, the scariest assembly I’ve had within the final little bit was espresso with Anna Wintour. My spouse was like, “It’s important to put on a go well with.” And I’m like, “I don’t have something.”
Wait. That is actually vital. What did you put on, Matthew?
It was in New York and it was 100 levels exterior, 100% humidity. The one go well with I had was this mild blue, fall, comparatively heavy go well with. So, I wore the go well with.
Oh boy.
Anna in all probability rolled her eyes at this. However I additionally was only a sweaty mess. So I believe it was a reasonably embarrassing assembly.
This can be a surprising visible. I am positive she thought it went nice. The factor about my boss is that she’s truly actually, very nice. So there you go.
She was extremely, extremely beautiful, and so considerate about the entire content material and media business. So I actually appreciated the chance to get to choose her mind.
That is actually humorous.
Despite the fact that my sartorial sense is fairly …
Belief me, so is mine. I do know the sensation.
Earlier than we finish, I wanna play slightly recreation we got here up with. It is known as Management, Alt, Delete. What piece of tech would you like to manage? What piece would you alt, so alter or change, and what would you delete? What would you vanquish from the Earth if given the chance?
So, delete. I would in all probability say TikTok. Zero protein, very low-value content material, I believe, is basically harmful and damaging.
Um, management. I really feel tremendous privileged by way of what we do at Cloudflare, so I might like to have vital affect in pondering by way of what the subsequent enterprise mannequin of the net seems to be like. I do not essentially wanna management it, however I might like to at the least management ensuring that we’re rewarding filling the holes within the cheese.
Then, alt. I am nonetheless eager for a house automation system that does not suck. As a result of I confirmed up at my home in Austin and the sunshine switches did not work and I could not flip the TV on. You already know, a wise house that was slightly bit smarter.
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