Imagine if we could invest in artists and influencers like we invest in companies through the stock market. Soon, fans will have the opportunity to be rewarded for their speculation and support.
No matter the situation, people always operate on incentives. In business settings, you want to understand what everyone’s incentives are to be fool-proof.
When you’re driven, laziness is no longer a consideration. You no longer depend on the ephemeral whims of motivation. You’re now compelled by something as powerful and primal as the desire to procreate, seek sustenance, and survive. For boundless energy and enthusiasm, focus on building your drive, but also understand the role motivation plays in your jubilation.
Richard Mille was able to disrupt the stubborn luxury watch industry through ignorant thinking. A knowledgeable person generally thinks inside the box. When you’re ignorant, you don’t even know the box is there. This is where product differentiation and innovative systems are born: on the edge of absurdity.
I think we’ve become desensitized to how big an audience of 100,000 is, let alone 40 million people. Visualizing digital audiences helps us better understand why brands are willing to pay influencers millions of dollars for advertising.
Trust is an ongoing exchange between people. It can be earned, and it can be lost, but it can also be regained again. Trust is is the glue that holds society together and is vital to all economic activity.
It can be difficult to imagine your startup making it big, but Amazon started selling books in a garage. Nike began with 26-year-old Phil Knight tinkering with and selling sports shoes out of his truck. Now, here is the story of how UPS started with just one bicycle and $100 and how all large businesses start from zero.
As the saying goes, “a fool and his money are soon parted.”
Elon’s SpaceX and NASA are exploring an opportunity to mine an astroid currently worth $700 quintillion—enough to give everyone on the planet $93 billion. But there’s a problem. This project could have adverse effects and completely wipe out the value of gold.
Digital technology exists around our sense of hearing and seeing. But what if we can share and consume smell the same way we do with visual content today? Digital scent technology will allow us to create and receive smells over the internet. It has the potential to disrupt every industry by tapping into our most emotional sense: the smell.
Economic Motivation 