Roy: Broken systems (gamed accommodations, high-stakes tests) create huge cheating incentives โ fix the rules first.
Alex: We can't normalize cheating or abandon honesty/fair play just because loopholes exist โ high-trust societies are worth defending.
Answer: Aggressively redesign bad incentives and enforce real consequences.
WE NEED ~BOTH~
I disagree with Roy's insinuation that American ๐บ๐ธ ideals like honesty and fair play are "designed to fail" and be replaced by some low-trust, third-world alternative.
But maybe that's why I'm building @AntifraudCo, which catches fraudsters, while he's running a cheating company.
For whatever reason, Roy seems to think striver types with fake disabilities at elite schools are representative of Gen Z/Gen Alpha, when obviously this is a sample skewed toward those willing to go to extreme lengths to get ahead.
I'd wager that the vast majority of normal, everyday people are tired of cheaters rigging the game. That's why people are so pissed off about fraud, and love @AntifraudCo.
@systematicls Great piece. We are still in relatively good times, so unfortunately most people donโt have the agency to break the stickโฆ they think someone else/the government/etc should.
@hyhieu226 This anonymous framing is really weird to meโฆ. you should be publicly celebrating the work of your teammate @scottgray76 not trying to keep him in the shadows
The Peloton playbook:
โข Vertical integration of software and hardware
โข Live and on-demand content provided through a paid membership
โข Gamification of fitness
โข Workout analytics and social fitness
It's sad to see the decline of industry pioneers
Peloton is down 80% in the last 6 months. 20% since my podcast with @jspujji โ oops.
W/ better retention (92% m12) than Netflix, PTON is trading at 6x itโs $1.5B ARR. Why? Iโve evaluated 30+ consumer fitness companies and thousands of consumer sub cos. Hereโs my take ๐๐ฝ๐๐ฝ๐๐ฝ
@VPujji@jspujji The Peloton playbook:
โข Vertical integration of software and hardware
โข Live and on-demand content provided through a paid membership
โข Gamification of fitness
โข Workout analytics and social fitness
It's sad to see the decline of industry pioneers
I've been researching the quantitative factors that determine what makes a good short-term rental investment.
Stay tuned... one of my next threads will be on how I'm modeling short-term rental properties.
My first area of exploration will be short-term real estate.
I'm hoping to buy a house/cabin ASAP to put on @airbnb.
I've taken a class by @RobuiltChannel on Airbnb hosting and have been learning from @markjenney, @rohindhar, @RyanDanz, @Mr_JonesAndMe, and @TXStrGuy.