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Reflecting on My Failure to Build a Billion-Dollar Company (2019)

Feb 7, 2019 by Sahil Lavingia Reflecting on My Failure to Build a Billion-Dollar Company In 2011, I left my job as the second employee at Pinterest — before I vested any of my stock — to work on what I thought would be my life's work. I thought Gumroad would become a billion-dollar company, with hundreds of employees. It would IPO, and I would work on it until I died. Something like that. Needless to say, that didn't happen. Now, it may look like I am in an enviable position, running a prof

Slow Ventures cuts first check from $60M creator fund into woodworking founder

Slow Ventures’ Creator Fund has invested $2 million into Jonathan Katz-Moses, a popular woodworking content creator with around 600,000 followers, nearly 75 million video views, and his own line of woodworking tools. This marks the first investment for Slow’s $60 million Creator Fund since its launch in February. The fund looks to help creators launch businesses, under the belief that what made them successful influencers is what can also make them a good founder. Speaking to TechCrunch, Slow

YouTube is testing Instagram-style collabs

YouTube has started testing a new collaboration feature, similar to Instagram's and TikTok's. A Google employee explained on YouTube Help that it will allow creators to add collaborators to a video so that they can be recommended to each other's audiences. The test is only available to a small group of creators for now, but it sounds like YouTube has plans to expand its availability in the future. Lindsey Gamble, an influencer marketing consultant and advisor, has posted a screenshot showing how

TikTok 'content check' tells creators if their videos will be blocked from For You pages

TikTok's "For You" recommendations have long been a source of mystery and fascination for creators on the platform. Even the most seasoned TikTok stars don't always understand why some videos go viral and some don't. And there's long been lots of speculation about the types of content that is and isn't acceptable to the app's recommendation algorithm. Now, the company is looking to give creators more transparency into its recommendations. TikTok is testing out a "content check" feature that wil

TikTok adds new parental controls, tools for creators

TikTok announced on Wednesday that it’s releasing a slew of new features, including enhanced parental controls, additional tools for creators, and a new interactive wellbeing feature. It also publicly launched Footnotes, its fact-checking system. The social network is bringing new parental controls to Family Pairing, its feature that allows parents to link their accounts with their teen’s account to customize safety settings. Parents can now block specific accounts for their teen’s account. Blo

Netflix Says It Used Video-Generating AI for Special Effects in a New Show

Streaming slop, meet AI slop. Netflix is bragging that, for the first time, it's used generative AI in one of its original, scripted TV shows, Ars Technica reports, signaling its championing of a technology that the streamer claims will shorten production times, lower costs, all while supposedly enhancing the quality of its series and films. "We remain convinced that AI represents an incredible opportunity to help creators make films and series better, not just cheaper," Netflix co-CEO Ted Sar

Meta has ended its bonus program on Threads

It's still trying to lure new users, but it's done paying anyone to post. Meta is no longer paying creators to post on Threads. The company quietly ended the Threads bonus program, which offered some creators thousands of dollars a month in bonuses, earlier this year, Engadget has confirmed. The company hasn't officially commented on why it stopped the payments, but an Instagram support page that once listed details about the creator incentives no longer references Threads at all. In posts on

With her app Smash, Kesha can be whoever she wants — even a tech CEO

Kesha – yes, brush my teeth with a bottle of Jack Kesha – is now a startup founder. But if you think her journey from raunchy pop star to CEO is unexpected, then you haven’t been paying attention. Kesha has always embraced contradictions. She exploded onto the pop scene in 2010 with irreverent ear candy like “Blah Blah Blah” and “TiK ToK,” stylizing her name with a dollar sign despite throwing shade at the egregious wealth of Hollywood. She didn’t let people dismiss her as a one-dimensional, gl

With her app Smash, Kesha can be whoever she wants – even a tech CEO

Kesha – yes, brush my teeth with a bottle of Jack Kesha – is now a startup founder. But if you think her journey from raunchy pop star to CEO is unexpected, then you haven’t been paying attention. Kesha has always embraced contradictions. She exploded onto the pop scene in 2010 with irreverent ear candy like “Blah Blah Blah” and “TiK ToK,” stylizing her name with a dollar sign despite throwing shade at the egregious wealth of Hollywood. She didn’t let people dismiss her as a one-dimensional, gl

Substack raises $100M from Chernin Group, Andreessen Horowitz, Skims CEO, and more

In Brief Substack announced on Thursday that it has raised $100 million in Series C funding led by investors at BOND and The Chernin Group (TCG). The round included participation from Andreessen Horowitz; Rich Paul, CEO and founder of Klutch Sports Group; and Jens Grede, CEO and co-founder of Skims. The New York Times reports that the funding brings Substack’s valuation to $1.1 billion, almost 70% higher than its 2021 valuation of $650 million. Founded in 2017, Substack has gained popularity

Substack raises $100M from Chernin Group, Andreessen Horowitz, Skims CEO and more

In Brief Substack announced on Thursday that it has raised $100 million in Series C funding led by investors at BOND and The Chernin Group (TCG). The round included participation from Andreessen Horowitz, Rich Paul, CEO and founder of Klutch Sports Group, and Jens Grede, CEO and co-founder of Skims. The New York Times reports that the funding brings Substack’s valuation to $1.1 billion, almost 70% higher than its 2021 valuation of $650 million. Founded in 2017, Substack has gained popularity

Roblox creators can now make their own Stranger Things and Twilight games

is a news editor covering technology, gaming, and more. He joined The Verge in 2019 after nearly two years at Techmeme. Roblox is launching a new licensing platform that will make it easier for companies to offer their intellectual property (IP) to creators so they can build approved experiences. The platform includes a license manager that “equips rights holders with new self-serve IP management tools” and a licenses catalog that creators can browse and use to apply for “licensed use of IP,” a

Facebook creators who steal and repost videos could lose their monetization

Facebook is cracking down on accounts that steal and repost content from other users in an effort to reduce spam in feeds. Meta announced on Monday that creators who repeatedly reuse someone else’s videos, photos, or text posts will lose access to Facebook monetization programs for “a period of time,” and see reduced distribution of their posts on the platform. “Too often the same meme or video pops up repeatedly — sometimes from accounts pretending to be the creator and other times from differ

Meta says it's cracking down on Facebook creators who steal content

Meta is going after creators who rip off other users' content as part of a broader effort to fix Facebook's feed. In its latest update, the company laid out new steps it's taking to penalize accounts that lift work from others. In a blog post for creators, Meta says that accounts that "repeatedly" and "improperly" reuse other accounts' text posts, photos or videos will have their pages demonetized "for a period of time." Meta willa also throttle all of their posts, not just the ones with the of

YouTube prepares crackdown on ‘mass-produced’ and ‘repetitive’ videos, as concern over AI slop grows

YouTube is preparing to update its policies to crack down on creators’ ability to generate revenue from “inauthentic” content, including mass-produced videos and other types of repetitive content — things that have become easier to generate with the help of AI technology. On July 15, the company will update its YouTube Partner Program (YPP) Monetization policies with more detailed guidelines around what type of content can earn creators money and what cannot. The exact policy language itself h

Free Lunch Is Over for the AI That Broke the Web

The foundational deal of the modern web, a handshake agreement that powered two decades of search and content, is officially dead. Cloudflare just put a price on scraping the internet, and it’s coming for artificial intelligence’s free lunch. Almost 30 years ago, two Stanford grad students, Larry Page and Sergey Brin, built Google on a simple bargain: content creators would let them copy the entire web in exchange for traffic. For years, that traffic powered ad revenue, subscriptions, and the g

A guide to using Edits, Meta’s new CapCut rival for short-form video editing

Meta recently released a new video editing app for creators called Edits. The new app is designed to rival ByteDance’s CapCut, a popular short-form video-editing app used by many creators. Meta first shared that it was working on Edits back in January after ByteDance-owned CapCut was removed from U.S. app stores when the TikTok ban momentarily went into effect. Although the app has since come back online and is available to download, TikTok’s future in the U.S. remains uncertain, so Meta is rea

YouTube will increase the minimum age for live streaming to 16

YouTube is increasing the minimum age required for its users to live stream to 16. In a message uploaded to the YouTube Help support page , it was confirmed that as of July 22, creators will need to be 16 or older to stream unaccompanied on the platform. Previously, YouTube stipulated that children under the age of 13 had to be visibly accompanied by an adult if they wanted to post live content, but going forward this rule will extend to anyone between anyone aged 13-15. YouTube warns that anyo

Roblox wants to better reward creators for bringing players back

is a news editor covering technology, gaming, and more. He joined The Verge in 2019 after nearly two years at Techmeme. Roblox is introducing two new systems that are designed to further encourage creators to bring players onto the social games platform on a regular basis. The systems, part of what Roblox is calling Creator Rewards, will roll out beginning July 24th. One is the Daily Engagement Reward program, which gives Roblox creators 5 Robux for an “active spender” on the platform who spen

YouTube creators unaware Google uses their videos to train AI

A hot potato: When it comes to tech companies training their AI models, it seems everything is fair game. Google, for example, uses some of the billions of videos on YouTube to train Gemini and Veo 3, and many creators are unaware that it's happening. With more than 20 billion videos on the platform, YouTube is a treasure trove of data for AI companies to exploit – and many already have. YouTube owner Google is also using the content to train its AI models, reports CNBC. The company later conf

Creators say they didn't know Google uses YouTube to train AI

Silhouettes of laptop and mobile device users are seen next to a screen projection of the YouTube logo. Google is using its expansive library of YouTube videos to train its artificial intelligence models, including Gemini and the Veo 3 video and audio generator, CNBC has learned. The tech company is turning to its catalog of 20 billion YouTube videos to train these new-age AI tools, according to a person who was not authorized to speak publicly about the matter. Google confirmed to CNBC that i

Google is using YouTube videos to train its AI video generator

Silhouettes of laptop and mobile device users are seen next to a screen projection of the YouTube logo. Google is using its expansive library of YouTube videos to train its artificial intelligence models, including Gemini and the Veo 3 video and audio generator, CNBC has learned. The tech company is turning to its catalog of 20 billion YouTube videos to train these new-age AI tools, according to a person who was not authorized to speak publicly about the matter. Google confirmed to CNBC that i

Google is using YouTube videos to train its AI video generator

Silhouettes of laptop and mobile device users are seen next to a screen projection of the YouTube logo. Google is using its expansive library of YouTube videos to train its artificial intelligence models, including Gemini and the Veo 3 video and audio generator, CNBC has learned. The tech company is turning to its catalog of 20 billion YouTube videos to train these new-age AI tools, according to a person who was not authorized to speak publicly about the matter. Google confirmed to CNBC that i

Own, a new social media app, aims to tokenize the creator economy

With the TikTok deadline to sell its U.S. operations now just two days away, a new decentralized social media app launched its beta to the public on Tuesday. Own is the latest alternative to TikTok to emerge, featuring a swipeable feed for not just short videos but also text posts and images, as well as other features you’d expect, like direct messaging. However, the new app aims to disrupt the market by utilizing blockchain technology and a token economy. Most notably, content creators on the

Patreon to Take Bigger Cut From New Creators Starting This Summer: Here's What to Do

Patreon is changing its business model, and new creators will soon feel the difference. Starting later this summer, Patreon will increase the percentage it takes from newly launched creator accounts. While existing creators will keep their current revenue share, those joining the platform after the change will give up a larger portion of their earnings to Patreon. As of now, Patreon takes an 8% cut or a 12% cut from creators, depending on their selected tier, though the 8% plan is the most popu

Patreon is raising its fees for new creators this summer

The standard plan will be the only option for new creators moving forward, in lieu of the Pro and Premium plans. After August 4, creators setting up a paid membership page on Patreon will have to pay a 10 percent fee on their earnings under the platform's new standard plan. While Patreon currently offers Pro and Premium plans, which carry fees of 8 percent and 12 percent of creators' income, respectively, it's merging the two into a single option moving forward. The price increase only applies

Patreon is raising its fees for new creators soon

Patreon has announced an update to its pricing, consolidating its Pro and Premium plans into a single offering starting August 5th. The new plan will take 10 percent of creators’ earnings, rather than the current eight percent for Pro and 12 percent for Premium users. That will mean a price increase for many new users, though existing users won’t see any increase, nor will anyone who signs up before the change takes effect. And for access to all the features from the old Premium tier, you’ll nee

Patreon will increase the cut it takes from new creators

Patreon, a creator monetization platform that offers membership programs and digital goods, announced on Monday that it is changing its pricing structure. Currently, Patreon takes an 8% cut or a 12% cut from creators, depending on their selected tier — though the 8% plan is far more popular. The new pricing plan instead offers one universal tier, which keeps 10% of creator earnings. Existing Patreon creators need not worry — this price increase will only affect creators who publish a new Patr

Snapchat adds new features for creators, including an easier way to edit videos

As Snapchat continues to take on Instagram and TikTok, the company announced on Thursday that it’s introducing a suite of new tools and features to make it easier for creators to create and share content on its platform. The social network is launching a “Timeline Editor” feature, a new way to create videos from saved Memories, the ability to auto-save Stories to profiles, and more. Snapchat says the new Timeline Editor will give creators a more intuitive way to edit videos directly on the plat

Instagram will finally let you rearrange your grid

Instagram announced on Thursday that it will finally allow users to rearrange their grid, and is testing a way for users to quietly post to their profile without having the content appear in users’ feeds. The social network is also launching the ability to stream songs from Spotify directly to your Instagram Notes, along with a new initiative to support emerging creators. Instagram says the ability to rearrange grids has been one of its most high-requested features. With this update, users will