#10: SPACs, Micro-LPs, Substack: Disintermediation at Last
It has long been said that the internet has a power to remove middlemen, to make opportunity more accessible, and to lower barriers to entry. Throughout Spring/Summer 2020, we’ve seen this promise rapidly become true, at scale, in a number of industries. These markets have eliminated middlemen both as gatekeepers (hurdles to access) and as distributors (aggregators of supply and demand). As such, these markets have emerged peer-to-peer structures, greatly increasing their resolution.
Read the full essay on my website.