Almost every region that has something which would attract people to move there will do the same thing
Incentives for remote talent to move will grow quickly
I spoke to 1,700+ people about remote work in 2020
A few predictions of what will happen in 2021
[ a thread ] 💻🏠🌍
Almost every region that has something which would attract people to move there will do the same thing
Incentives for remote talent to move will grow quickly
Tools that enable async work are the most important thing globally remote teams need. A lot of startups will try to tackle this
People will work remotely 2-4 days a week, and come into the office 1-2 days a week
Companies will provide a great setup at home for their workers
This rapidly becomes a key point of differentiation between companies they use to attract & retain talent
Towns & regions that have been crushed by the rise of the commute to the office will remerge
They will begin flying teams into remote locations for weeks at a time to maintain culture
Several will build flagship locations internationally for this purpose
The most exciting companies I know personally all plan to hire remotely this decade
~90% of the workforces we've spoken to never want to be in an office again full-time
Their biggest concern is that workers burnout because they are working too hard. Most are looking for ways to combat this
This will be a massive problem in 2021
We spoke to early-stage companies, publicly listed tech companies, through to legacy incumbents with hundreds of thousands of employees
All will be more remote
People see they don't need the high cost of living – leaving them with no/low disposable income – and the relatively low quality of life living there gives you
Covid has shone a light on dysfunctional government like almost nothing before it
Remote work now gives individuals the opportunity to vote with their feet and leave
Expect more vertically focussed challengers to platforms like Zoom & Slack that focussed on very specific vertical funtions
Companies are searching for ways to do this more effectively. Tools that enable others to write better will explode
Workers will exploit the freedom they have to organize things more freely in their day
Expect a renaissance of health and wellbeing and the emergence of hobbies & local communities
2021 will see the rapid adoption of PM tools most tech companies have been using for a decade across legacy industries
Real-estate savings at scale will be eye-watering. Productivity gains will be even more important
Next @Bridgewater & @Blackrock comes from here
Conferences and quarterly networking events will become more important for cultivating in-person relationships
Their lack of understanding of remote work will lead to them replicating the bad parts of office working remotely
Families will benefit from only needing one car slashing cost of living, potentially cutting commuting a lot
In the same way companies are finally realizing the power of community externally – internal community may become even more important to a companies success
More from Chris Herd
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A solo media founder like Rogan or Mr Beast can make as much money as a strong tech founder, with significantly less managerial stress.
Tech created this ecosystem but there’s a historical cultural bias in tech towards media as unprofitable. That changed a long time ago.
Many more angels that invest in people will invest in media founders. Many traditional media people will *become* media founders.
But not necessarily big companies. Just solo individuals or small groups doing content, like Notch doing Minecraft. Because media scales like code.
Increasingly feeling like “keeping the team size as small as possible, even to one person” is the unarticulated key to making media profitable.
Substack and all the creator tools are just the start of this ecosystem.
The process of converting social influencers into media founders (a trend that has been going on for 10+ years at this point) will be increasingly streamlined.
V1 is link-in-bio, Substack, and sponcon.
V2 likely involves more angels & tokenization a la @tryrollhq. What else?
Why lack of awareness? Influencer monetization numbers are not as public as tech numbers.
There isn’t a TechCrunch & CrunchBase for media founders, chronicling the valuations of influencers.
But that’d be quite valuable. If you are interested in doing this, please DM with demo.
Tech created this ecosystem but there’s a historical cultural bias in tech towards media as unprofitable. That changed a long time ago.
Many more angels that invest in people will invest in media founders. Many traditional media people will *become* media founders.
But not necessarily big companies. Just solo individuals or small groups doing content, like Notch doing Minecraft. Because media scales like code.
Increasingly feeling like “keeping the team size as small as possible, even to one person” is the unarticulated key to making media profitable.
Substack and all the creator tools are just the start of this ecosystem.
Useful concept: the media stack for content creators
— balajis.com (@balajis) January 20, 2020
- Spotify, iTunes for podcasts
- Descript for podcast editing
- Figma, Canva for graphics
- YouTube for video
- Twitter, FB for distribution
- Substack for newsletters
- Makerpad for nocode
- Ghost, Medium for blog
What else?
The process of converting social influencers into media founders (a trend that has been going on for 10+ years at this point) will be increasingly streamlined.
V1 is link-in-bio, Substack, and sponcon.
V2 likely involves more angels & tokenization a la @tryrollhq. What else?
Why lack of awareness? Influencer monetization numbers are not as public as tech numbers.
There isn’t a TechCrunch & CrunchBase for media founders, chronicling the valuations of influencers.
But that’d be quite valuable. If you are interested in doing this, please DM with demo.
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“We don’t negotiate salaries” is a negotiation tactic.
Always. No, your company is not an exception.
A tactic I don’t appreciate at all because of how unfairly it penalizes low-leverage, junior employees, and those loyal enough not to question it, but that’s negotiation for you after all. Weaponized information asymmetry.
Listen to Aditya
And by the way, you should never be worried that an offer would be withdrawn if you politely negotiate.
I have seen this happen *extremely* rarely, mostly to women, and anyway is a giant red flag. It suggests you probably didn’t want to work there.
You wish there was no negotiating so it would all be more fair? I feel you, but it’s not happening.
Instead, negotiate hard, use your privilege, and then go and share numbers with your underrepresented and underpaid colleagues. […]
Always. No, your company is not an exception.
A tactic I don’t appreciate at all because of how unfairly it penalizes low-leverage, junior employees, and those loyal enough not to question it, but that’s negotiation for you after all. Weaponized information asymmetry.
Listen to Aditya
"we don't negotiate salaries" really means "we'd prefer to negotiate massive signing bonuses and equity grants, but we'll negotiate salary if you REALLY insist" https://t.co/80k7nWAMoK
— Aditya Mukerjee, the Otterrific \U0001f3f3\ufe0f\u200d\U0001f308 (@chimeracoder) December 4, 2018
And by the way, you should never be worried that an offer would be withdrawn if you politely negotiate.
I have seen this happen *extremely* rarely, mostly to women, and anyway is a giant red flag. It suggests you probably didn’t want to work there.
You wish there was no negotiating so it would all be more fair? I feel you, but it’s not happening.
Instead, negotiate hard, use your privilege, and then go and share numbers with your underrepresented and underpaid colleagues. […]
