There are infinite forms of capital in the world, we just haven't tapped them yet.
This is a bit of a summary post, heavily inspired by thoughts in this podcast from Joel Monegro. Paid members access a private Telegram link feed with new links posted ~daily to read along, apps to try, and additional commentary.
There are many things we value today, but not everything we value has a price attached to it.
We pay market prices for food, shelter, cars… tickets to a concert.
But in areas of influence, we rarely have such clear market pricing.
How much is having 10 million followers on Twitter worth?
How much is being the first person the president of a Public company calls in times of crisis worth?
How much is it worth to have the trust of 1,000 people in your local community?
Persuasion and capital go hand in hand.
As Joel Monegro teaches us, capital can also be social, it can be political.
Capital is about power and influence.
And it’s in these areas that we will all see our collective capital expand.
Our markets grow every time we identify and create a mechanism for coordinating, valuing, and participating in a form of capital.
Technology unlocks new markets for all of us.
And in a capitalist and democratic society, over time, these new markets more often than not spread forms of capital to MORE participants.
More people get a voice. More people get a share. More people can obtain influence. More people obtain wealth.
True or False: MORE people have a voice that they can use to influence others than at any time in history?
True or False: MORE people own shares of companies and products than any other time in history?
True or False: people have MORE ability to be involved in politics than at any time in history?
As we invent new markets, new technology, and new ways of dispersing value, we spread opportunity:
Before Patreon, how many podcasters and artists were NOT getting paid for doing their craft?
Before the invention of a Patent, how many inventors were NOT capturing their value to the market?
Before the Stock Market, how many companies were NOT sharing capital with any employees who wished to participate in company growth?
Before the local government open meetings, how many people were NOT able to share their voice about their land or area?
Our markets grow every time we identify and create a mechanism for coordinating, valuing, and participating in a new form of capital.
What I know is that some of the biggest emerging markets aren’t available for us to participate in… Yet.
But technology will open this field of participation, and it will do so by…
Inventing mechanisms for pricing new capital. (How much is influence over 1,000 people worth)?
Inventing mechanisms for granting ownership to that capital. (Do I actually own my Twitter account? Could many people own one account?)
Inventing mechanisms for sharing, trading or selling that capital (Could I sell my Youtube account? Could I sell half of it?)
This is how humans develop our structures of influence.
It’s not always balanced, not by any means.
Technology creates problems as it does solve them.
But it unlocks new playing fields that I believe are net-distributive to society.
If you can identify these new instruments, you can begin to identify the center of gravity for a new market.
This is where all of the leverage in the future is, it’s the power center that relates to where Capital will accumulate towards.
By being involved or invested in these flows, we can capture new value from this new market.
This is what the early adopter knows.
That there are potentially infinite new fields out there, just waiting for us to discover and tap them…