"Focus might have been good advice for startups a decade ago because there was such a green field. But in 2021, the SAAS point solution space has been picked over. Combining products into 'Compound Startups' unlocks opportunities" -Rippling CEO @parkerconrad on #PressClubhouse
@parkerconrad The biggest companies aren't single-purpose tools. They're multi-product solutions that fix complex products. Here's Rippling CEO @parkerconrad's "Compound Startup" theory
"The cult of focus is for the unambitious" -Flexport CEO @typesfast
"It's tough to focus early on but then expand. Your ambition is circumscribed when you're founded." - Rippling CEO @parkerconrad on #PRESSCLUBhouse
You can't just be obsessed with customers. Satisfy 6/6 of these and you win, 5/6 and you're in trouble, 4/6 and you're probably dead.
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-Ownership of audience instead of renting from social platforms
-Direct connection between writers & readers
-Rise of Substack & lower barriers to creation
-Attention economy Darwinism: content must evolve to come to you. #PRESSCLUBhouse 2/
What does the rise of newsletters mean for journalism?
-Top reporters get de-aggregated from pubs for more pay, fewer meetings
-That creates a newsroom mentorship drain, depriving younger writers
-Readers can subscribe to niche writers, not catch-all brands #PRESSCLUBhouse 3/
What's your favorite startup/tech-related newsletter and what's it about? I'll start...
Trying to build a list of the best by vertical for social, fintech, enterprise, AI, security, ecommerce, venture, crypto, marketing, health, AR/VR, the creator economy, and strategy
Why Clubhouse is special & deserves its $1B valuation:
It’s a new social graph, the talk graph, where you follow different people than on Twitter or Insta. It’s a more personal, unscripted way to get to know public figures and peers you care about.
Off-camera = intimacy. 1/
Clubhouse’s huge session times for some users signal a sticky and satisfying experience that could grow into a mainstream behavior.
There are emergent cultures and native celebrities forming, from talk shows to musicals to open mics to business pitch practice to games shows. 2/
Clubhouse’s initial, constrained user base is aspirational for early adopters, similar to Facebook’s Ivy schools and Twitter’s literati.
It’s derisking, proving over 9 months that it’s not a fad, and won’t implode as soon as it expands beyond Silicon Valley. 3/
TechCrunch chose the top 20 startups out of 200 from Y Combinator Demo Day. My picks? 1. Somatic - an autonomous bathroom cleaning robot. No way humans do this dirty job forever.
My #2 favorite startup from YC Demo Day?
Homestead - Converts your garage into an apartment for free and then splits the rental revenue with you. Lots of need for passive revenue streams in the coming recession
One more favorite startup I liked from YC Demo Day was FrogLabs - Weather forecasting AI to predict transportation/delivery slowdowns, sales slumps, & green energy production. Super valueable data.