I loved the āno fāing NFTāsā bit on their launch page - soooo good.
Iām really rooting for them: trying to be additive more than extractive. Itās a bigger conversation. Freakonomics had that recent two part podcast on private equity and this read-aloud essay on the 3-part process by which platforms become āshitifiedā:
https://ia804707.us.archive.org/...enshittification.mp3 Itās so relevant to Outside and other platforms where thereās a pivot from being consumer-first to shareholder-first. All of Cyclingtips recent Instagram content is āsponsoredā; I unfollowed. Thereās zero value for me; itās one big infomercial with no real valuable information.
I talk to bike industry peers about this often, this topic of being additive and not purely extractive. Patagonia is an example: they contribute to materialism, accept that, transparently wrestle with the ethics of that continuously, try to be value driven and be honest about where values are compromised for the sake of serving other values; itās complicated.
Maybe thatās the best we can do: try to be more additive, be transparent about opportunity-cost decisions, strive for more value alignment, earn trust and honor the trust bestowed. I think about this often with my little firm a lot.
Then there are parts of our bike ecosystem that donāt seem to wrestle with morals and value alignment; they monetize consumers with no value added, serve us infomercials, pop-ups, pay-to-play reviews 90% written by the manufacturer, clickbait headlines. They push sponsored athletes to post pure sh*t, push discount codes and infomercial drivel and burn through venture capital, gaining eyeballs, but not building the trust needed for creating long-term firm value. Iām glad to see Escape Collective pushing back. Iād like to see more manufacturers, media outlets and athletes push back, remain consumer/follower-first and additive as a long term strategy that recognizes firm value wonāt spike this quarter as it might with the infomercial approach, but maybe the firm/sponsor/manufacturer/media outlet will retain consumer trust and be better off far into the future. I hear chat in that regard and Iām hopeful. I hope Escape has a positive influence on other media outlets.
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