The Passion Economy and the Future of Work - Deepstash

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A16Z

The Passion Economy and the Future of Work

The Passion Economy and the Future of Work

a16z.com

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Today's technology-enabled world offers many ways to capitalize on creativity: creators are now earning individually, monetizing their unique skills. People are turning their passion, the things they love to do, into their earning source.

Whether it's podcasting or video content creation...

  • On-demand marketplaces established, in the last 10 years, new ways for people to make money - workers could easily monetize their time in specific, narrow services (food delivery, parking, or transportation). 
  • These marketplaces automated the matching of supply and demand, ...

New digital platforms are enabling the 'passion economy', where individuals with certain creative skill sets can earn a livelihood while doing the very thing they are good at. These platforms provide:

  • Greater ability to build customer relations. 
  • Increased support for expandin...

The Passion Economy platforms differ from the ones from the last decade in many ways.

  • The revenue streams are not one-time, but ongoing, based on building/growing an audience.
  • They offer a wide variety of creative products and services.
  • The services pro...

The Passion Economy encourages everyone to become an entrepreneur.

With enough scalability options, individuals can help other individuals using these platforms.

There is little or no initial investment required, and if the business grows, they earn revenue along with their custo...

The new entrepreneurs working for the passion economy have one thing in common: They mostly work for digital products and services.

Knowledge influencers like teachers and trainers, along with writers and audio/video content providers have the scalability advantage available courtesy...

The new digital business models enable completely original and organically created forms of work, branching out of the existing networks.

Eventually, human capital starts to give rise to new industries.

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