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Hi and welcome to the A16Z podcast.

I'm Lauren Murrow and in this episode Patreon co-founder Sam Yam and a 16Z

Consumer Tech partner Lee Jin join me to talk about the passion economy, the

rise of online platforms that enable people to make a living off their unique interests and skills.

Though this episode was recorded before the current shelter and place orders,

it's a trend that's become increasingly relevant as we see a massive growth in digital work.

Our conversation covers the new forms of work made possible by these online platforms.

Why creators today are effectively making more money off fewer fans and what all this means for the future of entrepreneurship.

You can also check out our posts on this topic, as well as related content at A16Z.com

slash Passion Economy.

So first off, how would you define the Passion Economy?

When I talk about the Passion Economy,

I really mean any potential path of monetization where people are leveraging their

individuality. So it's beyond just podcasters and youtubers and visual content creators and it encompasses things like video course creators or virtual teachers or

virtual teachers or tutors or virtual coaches for professional coaching.

So some of the really interesting platforms

allow creators to create their own online courses.

And these online courses encompass everything from how to organize your home or how to not kill all of your plants to more traditional

educational subjects like how to start your own online business or how to start a podcast.

And then in terms of virtual teachers and tutors, there's platforms that are giving people the

...