The Ownership Economy with Podcast Clips and Analysis

December 30, 2021

My comments from when I was recording the clips are in bold below. Everything else you read is either from the podcast or from relevant research to support my analysis.

Definitely tweet at me letting me know what you think of the new format and the Audio Clips in general. Whether you like the audio and video clips or don't like them, I'd love to hear from you.

Thank you for reading as always! :)

Best,

Jonathan Kogan

P.S. If you're interested in learning more about The Ownership Economy, you can subscribe to my new Substack blog here!

The Pod Clips

The best Ownership Economy soundbites brought to you white-gloved, clean, and help save you time from ALL the podcast content that is out there. I listen to nearly all of them (seriously!).

Since I record certain clips I thought maybe you would enjoy them too. Here is my first go at this new style...all feedback is more than welcome!

Tim asked, "So you didn't, you didn't want to hire anyone with kind of legacy, calcified thinking around how this business should or could be built.

  • Uh, how did those hires turnout overall?

  • Did they tend to work out well, I mean, were they for sales positions where they for other positions?

  • How did that experiment go?"

Takeaway: Hiring people with no prior experience and understanding long-term, community driven, word of mouth marketing. All understood to not give with the expectation of return.

"Maven should solve the community problem for you"

Episode 604: "The Future of Online Education" with Gagan Biyani of Maven on the one and only: The Pomp Podcast.

Takeaway: We associate "education" with "university" when they are not the same thing. The education system is broken and with the speed of innovation, you realistically could spend 4-years on a degree that doesn't exist or radically transformed into something different. Is this bad? No. It's the exact opposite -- this is amazing for all future students! Let's start with the fact that based on the research done by Education Data Initiative

Want to see what the courses look like? Here's a quick landing page of resources I made for you: Maven's First Courses.

Here are some mind-numbing statistics from this research paper:

"The average cost of college in the United States is $35,720 per student per year. The cost has tripled in 20 years, with an annual growth rate of 6.8%."

"Considering student loan interest and loss of income, the ultimate cost of a bachelor’s degree may exceed $400,000."

They published another super interesting study recently called, "College Degree Return on Investment" where they discovered the following:

The lifetime median return on investment (ROI) for the average bachelor’s degree is 287.7%. In the first 10 years, however, the ROI is -41.1%. Bachelor’s degree holders do not begin to see returns until they’ve worked full-time for 15 years.

The team at Maven is on to something huge with cohort-based courses. They represent a new monetization model for Creators that is powerful for both the Learners and the Instructors.

Here's how it works:

Maven selects anywhere from 30 to 150 student applicants for courses that cost between $500 to $5,000 per student over a one- to six-week time period.

And since January, its instructors have sold over $1 million worth of courses.

50 million people became creators in the last decade. This force has transformed business and technology as we know it. These Creators have been extremely influential in this incredible space and are the leading experts on the subject they teach.

Who Are They?

Chris and Li has shared their unique perspective in popular Netflix documentary The Social Dilemma, and in books like No Filter by Sarah Frier and Billion Dollar Loser. This is from the podcast, Means of Creation, with some of the most influential Creators in the world!

Banking for the Creator Economy (Video)

The first episode of Where It Happens featuring Howard Lindzon -- the man behind StockTwits and early Robinhood investor -- helps us rethink the financial industry, places big bets on Web3, and presents a new way to think about investing. And, hosts Sahil Bloom and Greg Isenberg provide the Where It Happens community with a task that kept Greg up all night.

References (Bold = Youtube):

Previous Issue

The Ownership Economy - Enjoy this week's issue on the latest (and greatest) news on the Creator Economy, Crypto, NFTs, and much more at the intersection of Business & Technology. (Issue #76)