“Creatives should also be able to share in the wealth that is created from their work.” Your source of info, press, & resources on the Creative Capital model.
Just added @tuskventures Pericles (political and regulatory advisory work with startups in exchange for a stake) to the Creative Capital website https://t.co/nrr8YJOL1D
Super excited to share this role to join @FKTRY. Kicking off vintage/fund II & seeking new partner to join us as Head of Platform help run and refine our startup services platform and continue our creative services-for-equity ‘Creative Capital’ mission. https://t.co/yCkd6mWJW1
Law firms in the original dot com boom were heavily engaged in the Creative Capital model offering their services in part in exchange for equity. Whilst they got burnt in the crash, it's a practice that is still continued today. #CreativeCapital https://t.co/2qcvuuaDpL
People are coming forward and sharing that law firm Fenwick & West, the law firm used by FTX/Alameda, was very predatory in their contracts. They tried to sneak 0.5% token allocations into their *engagement letters*. This is *HIGHLY IRREGULAR* and borderline unethical for big law
"The macro environment is reminding us that our competitive advantage is our creativity, not our capital."
— Main theme after catching up with founder friends this week
Everyone’s an investor.
Every community’s an investor.
Every creator’s an investor.
Every creator community’s an investor.
Thanks to regulatory & cultural shifts, we’re all playing the upside game now…and it’s leveling the playing field.
Let’s dig in 🎾 https://t.co/X4DATJCBTJ
Venture terminology, awash with idioms and acronyms, can appear daunting. However, it's simply a language to be learned. For the diligent, that does not take long. Then you can begin to negotiate your terms...
Just added Zensite @ZensiteHQ to the https://t.co/nrr8YK6mqd site, operating the Creative Capital model out in Singapore. The model continues to take hold. Thanks for the heads up @DavidYHimself
An email intro from 2013 that changed my life. Thanks @patrickc & @brian_armstrong!
And the follow-up email making the ask to invest a month later:
We celebrate another win for the creative class and Creative Capital with @awilkinson who pivoted out of pure consulting with @metalab into investing with Tiny Capital... which now listed via a SPAC. Another creative class game changer. https://t.co/QEmrxZcWJV
Some exceptional outcomes for the Creative Class on the tail end of 2020 with @prehype incubated @barkbox going public via SPAC at $1.6B. Respect to @werdelin and the gang for changing the studio game. https://t.co/favbdlNpfo
Hindsight is easy, but this would have been a sweet Creative Capital deal with Metalab having been involved in Slack's early development. https://t.co/pXXtXVTccO
Have been working on the Creative Capital model with @fktry for a solid run now. Many learnings on how to negotiate deals w startups on a creative services for equity + cash basis. First step is how you 'value' creativity as an asset to exchange in the first place...
Great thread on passing on an opportunity to take equity in @SlackHQ, $27B later.
Many firm owners have been in this position with startup clients. In the moment, the decision (cash or equity/incentives) always seems binary. It’s not. Get both.
Here's the day in the life of Aella, OnlyFans content creator (nudes pics/videos) who makes $100,000 a month off.
She has 3,200 subscribers and is the top op 0.04% of creators in terms of monthly revenue generated.
Crazy fascinating:
. @Patreon
📍Founded in 2013
💸Fans pay artists to support them
🗳Patreon takes 5% fee
💰Creators keep 90% of revenue
🎨200,000 creators
🎩6M patrons
💫Paid creators $500M in 2019
👩🏻🎨Paid creators $1B since founding
🦄Now valued at $1.2B pre
🥊2x the valuation in 2019 round
The best way to continue to fund the creative class is to build a global network, on creator-friendly terms, where exclusive content and community can grow and develop.
And we're doing just that. https://t.co/r6VL0f06SC