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StorySherpa: Facebook's Blockchain and Fortnite's Fall

Hello there! The last week has been packed with news — let's begin the unpacking.
StorySherpa: Facebook's Blockchain and Fortnite's Fall
By Yury Molodtsov • Issue #38 • View online
Hello there!
The last week has been packed with news — let’s begin the unpacking.

Facebook and Telegram Are Hoping to Succeed Where Bitcoin Failed
Augmented reality: Microsoft's Satya Nadella defends HoloLens contract with the US military
Facebook wants up to 30% of fan subscriptions vs Patreon’s 5%
Matt Saincome
Facebook reached out to offer Hard Drive early access to a "fan subscription" product. I asked my editors about it and the complete distrust amongst our team was kinda funny. We read through the terms and found a couple things that were hilarious when compared to Patreon's 5%.
Fortnite’s revenue dropped 48% in January but the lull likely won’t last long
Blake Robbins
Fortnite's revenue reportedly dropped 48% between December/Janaury. This was before the release of their newest competitor (Apex Legends)

A solid reminder that gamers are fickle, even when they seem invincible.
Revolut insiders reveal the human cost of a fintech unicorn's wild rise
Revolut CFO resigns following money laundering controversy
Mozilla partners with news subscription service Scroll to build an ad-free internet
Renzo Vitale: What should electric cars sound like? | TED Talk
This week I’d like to highlight two books in order to catch up for the past issues.
Bad Blood: Secrets and Lies in a Silicon Valley Startup
Designing Your Life: How to Build a Well-Lived, Joyful Life
Tesla has just announced that they are releasing the promised $35k Model 3 (although Elon hasn’t disclosed their gross margin on that basic model) and in the same time said they would be closing their retail shops/
Marco Arment
I can never tell if Tesla is about to take over the world or about to go out of business.
There are many reasons why Europe doesn’t have such a vibrant tech scene and is lagging behind the US and China by the number of unicorns. This is one of them.
Antonio García Martínez
Know why the European startup scene sucks? Because American startups have a huge, high-GDP, early-adopter market from day one, and they internationalize AFTER scaling. Euros have to internationalize IN ORDER TO scale, and most die in the process. GDPR makes this *worse*.
Alex Stamos
We are headed to a world where startups in the US, China and India are able to grow in with a permissive, large domestic customer base and don't operate in the EU until they are large enough to face the compliance costs.

German companies with 15 employees hit those day 1.
The main advantage of direct-to-consumer startups is their ability to build a much closer relationship with the customers. Something that a Procter & Gamble brand would never be able to do.
Alex Taussig | Partner, Lightspeed
I reflexively think “gross” for nearly every brand in the $1b+ sales range, except for Heinz itself. Each feels like a 1950’s era, super-processed relic. Kraft has confused sales via market power w/ sales via product excellence for too long. Now chickens are coming home to roost.
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Yury Molodtsov

I'm an Investor at Day One Ventures, a venture capital firm that invests in tech startups and leads their communications.

Here I look at tech news I find important and the future they might lead us.

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