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Equity

F*ck creator funds, we need a creator index fund

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2372 Ratings

🗓️ 2 February 2022

⏱️ 28 minutes

🧾️ Download transcript

Summary

This is our Wednesday show, where we niche down to a single topic, think about a question and unpack the rest. This week, Natasha and Alex brought on the Most Online™ reporter at TechCrunch, Amanda Silberling to talk about one of her recent pieces, "maybe creator funds are bad." The column, mixed with the recent saga between Spotify and Joe Rogan, helped us ask a bigger question for this week's episode: What makes a platform economically viable for creators? It's no small question. Creators are a key plank in every platform's success, from TikTok to YouTube to Instagram to, well, wherever you watch or listen to stuff made outside of major studios. But the financial relationship between platform and provider -- creator, in other words -- is often fraught and broken. Creator funds are some proposed fix to the situation, but we find the to be more band-aid than holistic solution. Rev splits are good, and seemingly more sustainable, but with YouTube's ad load reaching truly epic proportions, they may not be a fix-all. So we sat down to chew the fat and try to work towards a solution. Which we mostly did, except for Alex, who decided that a return to feudalism is the only way forward. We're back Friday! Talk soon! Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hello and welcome back to Equity, a podcast about the business of startups where we

0:13.9

unpack the numbers and nuance behind the headlines. I'm Natasha Masqueriness and

0:18.5

this is our Wednesday show where we niche down into a single topic, ask a question, and unpack the rest.

0:24.9

This week we're asking, what makes a platform economically viable for creators?

0:30.2

And to chat through that very broad but intense question.

0:34.1

We have Alex Wilhelm.

0:35.2

Alex, how are you?

0:36.2

I'm good because I'm a creator

0:38.2

and I'm gonna learn if I have a future career.

0:40.5

This is a very important topic to me, my bank account, and my 401k.

0:44.4

So thank you for having me on.

0:45.4

Also here to talk us through this question.

0:48.1

Is Amanda Silverling?

0:49.2

I think you are the most online person at TC.

0:51.8

So I am honored to have you with us.

0:55.0

Thank you for being here, and I'm so excited to hear what you have to tell us.

0:58.8

Yeah, thank you. I am the most online person at TC,

1:02.3

because I unfortunately can explain to you the ins and outs of the West Elm Caleb

1:06.4

saga.

1:07.4

Oh my god, don't get me started on that.

1:09.9

Alex is questioning it and we will talk about her offline because it's just too deep to get into during a show intro.

1:15.4

Amanda, you're crazy for saying that?

...

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