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Equity

NerdWallet, Gen Z, and the value of the written word

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2372 Ratings

🗓️ 20 October 2021

⏱️ 20 minutes

🧾️ Download transcript

Summary

Natasha and Danny and Alex got together to dig into the recent NerdWallet IPO filing, and what it can tell us about how the written word -- in its digital form -- can still be worth quite a lot. Here's an outline of the chat: NerdWallet shows the financial power of the written word, even if it isn't the precise form of writing that we know and love. Automattic is a large, startup bet on the written word, amongst other things. Danny had notes for us on the scale of its business, thanks to a new TC-1 all about the publishing empire. Here we talked about the importance of proving value internally, before going external with word power. And from Kindle Vella to Substack to Memberful from Patreon, there are more and more models for getting paid to write these days. Hell, you can charge for your tweets now. We were left with questions about if the return of text is inevitable, in an everyone-runs-to-video world. As Natasha notes, distribution is still a bottleneck and human attention is not entirely predisposed to sitting around reading things. But with Gen Z perhaps a little over screentime, perhaps there's good news ahead for writers of all stripes. 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 Tech Runches Venture Capital

0:13.8

focused podcast where we unpack the numbers behind the headlines. My name is

0:16.8

Alex and we are here to talk about words today which is very good because I

0:19.7

bought two of my favorite writers with me. Natasha, hi how are you doing?

0:22.4

Doing good.

0:23.0

I'm underneath a heated blanket right now because it is winter in San Francisco.

0:26.0

Yes, which means that it's actually cold.

0:28.0

People think it doesn't get cold.

0:29.0

It actually does, surprisingly with all the fog.

0:31.0

It's quite miserable.

0:32.0

Danny, hi, how's fall winter in New York?

0:34.0

Yeah, fall was deleted out of the calendar this year.

0:36.0

We went from 80 to 40.

0:38.0

Yep.

0:39.0

So climate change sucks, and you should read more books about it.

0:42.0

Yes, you should be more books because books are full of words and that is the theme today, but not books written down on paper and printed out and shipped your house via some sort of Amazonian Rub Goldberg climate change disaster.

0:52.0

No, we're talking about words on the internet. Ruby Goldberg Climate Change Disaster disaster, no.

0:53.0

We're talking about words on the internet, the digital word.

0:55.0

And our question is really, what is the value of the written word today?

0:59.0

And Danny, this all came up because

1:01.0

Nerd Wallet files to go public.

1:02.8

Nerd Wallet is essentially a writing play.

...

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