The End of Hollywood’s Nepo Baby Era
What we see emerging in the creator economy : more diverse creators and stories, and overall better entertainment.
At the intersection of FINANCE, COMMERCE, and CULTURE
What we see emerging in the creator economy : more diverse creators and stories, and overall better entertainment.
Last week, I was fortunate enough to attend Techstars Foundercon. For those who don’t know, Foundercon is an annual conference in San Francisco held during the first week of October, where its organizer, Techstars, invites its entire network of founders, corporate partners, and investors to come together for networking, workshopping, and relationship-building. The event is no small thing — you have everyone in the same room, from over 400+ startups, to 100+ Fortune 500 companies, to the biggest investors in the world, to fledgling entrepreneurs with bold ideas.
Last week, the Writer’s Guild of America came to a historic agreement with the Hollywood studios to end the nearly five-month long writers’ strike. Together, the union and the studios found common ground, agreeing on improving the compensation, the length of employment, size of staff, and notably how writers and studios will navigate the new reality of artificial intelligence.
In a just world, receiving funding for a startup would be determined by three criteria: how innovative the idea is, how profitable it will be, and the ability of the entrepreneur to execute their vision. The sad reality: whether your venture receives funding is largely determined by who you know.