full transcript
From the Ted Talk by Adam Mosseri: A creator-led internet, built on blockchain
Unscramble the Blue Letters
There's a problem. One challenge with this futrue is that our financial infrastructure, particularly the way that we finance our ideas, largely predates the internet. Today, the predominant way that businesses raise money, and the only real otiopn available to creators, is to borrow it as debt. And as to any of you who have ever struggled with a motgrgae payment or a student loan or a car payment can attest to, there’s a lot of downside to debt. My first experience with debt was a 13-year old '86 SAAB 9000 Turbo. Gray car, sggay roof, the Knight Rider lights in the front -- I love that car. But it was hard. So what if, instead of debt, we invested in people, the way we invest in start-ups? As a creator, you should be able to use technology to rasie menoy to finance your ambitions. If you so choose, you should be able to sell equity in your future. And you should be able to set the trems. For a 100,000-dollar investment, you’ll pay out five percent of what you make for the next 10 years. And we can codify those terms in a smart contract. We can connect the rervshae you make on ybtuuoe, the subscription fees you make on Patreon, the mendcsharie sales you make on inatasrgm, all to one token that anyone who believes in you could buy. And in doing so, you'd be ginivg your audience the opportunity to share in your scucess, to buy a share, to build equity in the creator they know, love and trust. And Lisa would be able to build a community of people who are directly invested in her success. And with the money she raised, she'd have more time to exlorpe, more time to cetare.
Open Cloze
There's a problem. One challenge with this ______ is that our financial infrastructure, particularly the way that we finance our ideas, largely predates the internet. Today, the predominant way that businesses raise money, and the only real ______ available to creators, is to borrow it as debt. And as to any of you who have ever struggled with a ________ payment or a student loan or a car payment can attest to, there’s a lot of downside to debt. My first experience with debt was a 13-year old '86 SAAB 9000 Turbo. Gray car, _____ roof, the Knight Rider lights in the front -- I love that car. But it was hard. So what if, instead of debt, we invested in people, the way we invest in start-ups? As a creator, you should be able to use technology to _____ _____ to finance your ambitions. If you so choose, you should be able to sell equity in your future. And you should be able to set the _____. For a 100,000-dollar investment, you’ll pay out five percent of what you make for the next 10 years. And we can codify those terms in a smart contract. We can connect the ________ you make on _______, the subscription fees you make on Patreon, the ___________ sales you make on _________, all to one token that anyone who believes in you could buy. And in doing so, you'd be ______ your audience the opportunity to share in your _______, to buy a share, to build equity in the creator they know, love and trust. And Lisa would be able to build a community of people who are directly invested in her success. And with the money she raised, she'd have more time to _______, more time to ______.
Solution
- create
- raise
- merchandise
- success
- giving
- option
- instagram
- youtube
- mortgage
- terms
- future
- explore
- revshare
- saggy
- money
Original Text
There's a problem. One challenge with this future is that our financial infrastructure, particularly the way that we finance our ideas, largely predates the internet. Today, the predominant way that businesses raise money, and the only real option available to creators, is to borrow it as debt. And as to any of you who have ever struggled with a mortgage payment or a student loan or a car payment can attest to, there’s a lot of downside to debt. My first experience with debt was a 13-year old '86 SAAB 9000 Turbo. Gray car, saggy roof, the Knight Rider lights in the front -- I love that car. But it was hard. So what if, instead of debt, we invested in people, the way we invest in start-ups? As a creator, you should be able to use technology to raise money to finance your ambitions. If you so choose, you should be able to sell equity in your future. And you should be able to set the terms. For a 100,000-dollar investment, you’ll pay out five percent of what you make for the next 10 years. And we can codify those terms in a smart contract. We can connect the RevShare you make on YouTube, the subscription fees you make on Patreon, the merchandise sales you make on Instagram, all to one token that anyone who believes in you could buy. And in doing so, you'd be giving your audience the opportunity to share in your success, to buy a share, to build equity in the creator they know, love and trust. And Lisa would be able to build a community of people who are directly invested in her success. And with the money she raised, she'd have more time to explore, more time to create.
Frequently Occurring Word Combinations
ngrams of length 2
| collocation |
frequency |
| original promise |
2 |
| push power |
2 |
| support creators |
2 |
| digital money |
2 |
| blockchain offers |
2 |
| membership cards |
2 |
Important Words
- ambitions
- attest
- audience
- believes
- borrow
- build
- businesses
- buy
- car
- challenge
- choose
- codify
- community
- connect
- contract
- create
- creator
- creators
- debt
- downside
- equity
- experience
- explore
- fees
- finance
- financial
- front
- future
- giving
- gray
- hard
- ideas
- infrastructure
- instagram
- internet
- invest
- invested
- investment
- knight
- largely
- lights
- lisa
- loan
- lot
- love
- merchandise
- money
- mortgage
- opportunity
- option
- patreon
- pay
- payment
- people
- percent
- predates
- predominant
- problem
- raise
- raised
- real
- revshare
- rider
- roof
- saab
- saggy
- sales
- sell
- set
- share
- smart
- struggled
- student
- subscription
- success
- technology
- terms
- time
- today
- token
- trust
- turbo
- years
- youtube