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by john_moscow
2441 days ago
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I don't think the economy in this segment is changing drastically. Top handful of rockstars, actors, athletes, soccer players, etc were always compensated very well, while the median ones weren't. Not like you can get a Master in Talk Show Hosting degree and get a more or less predictable career path similar to the engineering/medicine degrees. Come to think of it, the rise of multiple competing content platforms would actually lower the top performers' revenues due to the audience splintering. Given that A16Z likely holds some stake in the mentioned businesses, I would treat this as simply another piece of marketing material for some upcoming IPOs. |
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In developed countries, today's winners win bigger. The losers stagnate. Globally, many have been lifted out of poverty.
The poor in developing countries are doing better. The wealthy are doing better. The middle class is not.