A note from Daniel

Venture capital funding for applications built on top of social platforms dried up. If these networks wouldn't let anyone building on top get too big, then why invest there? It was very different from the era of protocol networks, like the web and email, when everyone trusted the networks to remain accessible and rent-free in perpetuity and understood that they could get as big as a market allowed. The arrival of corporate networks ended those implicit promises. Building on a corporate network was like building on a broken foundation. The term of art to describe this hazard of the new era: platform risk.

Daniel Read Write Own, page 39 · February 29, 2024 Save to shelf
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