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Trung Phan 🇨🇦 Profile picture
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4 Oct, 4 tweets, 2 min read
Uber has no cars
Airbnb has no real estate
Ozy Media has no audience

This is the new economy
H/T to John W. Rich for inspiration
Anyways, join 500m listeners** and listen to the NIA podcast for more hot takes.

**ᴛʜɪꜱ ᴄʟᴀɪᴍ ʜᴀꜱ ɴᴏᴛ ʙᴇᴇɴ ɪɴᴅᴇᴘᴇɴᴅᴇɴᴛʟʏ ᴠᴇʀɪꜰɪᴇᴅ ᴏᴜᴛꜱɪᴅᴇ ᴏꜰ ᴀɴ ᴇxᴄᴇʟ ꜰᴏʀᴇᴄᴀꜱᴛ ɪ ᴍᴀᴅᴇ 5 ᴍɪɴᴜᴛᴇꜱ ᴀɢᴏ.

🔗 open.spotify.com/show/0Pogh5lcy… Image
FYI: This thread is a great breakdown of Ozy’s “business model” (and why corporate sponsors kept spending with the media startup)

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More from @TrungTPhan

Trung Phan 🇨🇦 Profile picture
6 Oct
A Netflix user will browse the app for 90 seconds and leave if they find nothing.

Thumbnail artwork is actually NFLX's most effective lever to influence a viewer's choice. A user will look at one for only 1.8 seconds, so NFLX spends huge to optimize them.

Here's a breakdown🧵 Image
1/ Spoiler alert: humans are visual animals.

Our eyes move 3-4x per second to process information and we can analyze an image in as little as 13 milliseconds.
2/ In 2014, Netflix consumer research showed that thumbnail artwork:

◻️ is "the biggest influencer...to watch content"
◻️ is the focus of 82% of browsing time

A user looks at one for only 1.8 seconds. If they can't find Netflix content in 90 seconds, they'll leave the app. Image
Read 21 tweets
Trung Phan 🇨🇦 Profile picture
5 Oct
We need to talk about how Italy is the only country in the world where more people are searching for “calamari” than “Squid Game” Image
Anyways, y’all should read this
More generally, “air fryer calamari” is blowing up lol Image
Read 4 tweets
Trung Phan 🇨🇦 Profile picture
4 Oct
Live footage of Zuck heading to the data centres to restart Facebook and IG
Follow @TrungTPhan for other deep insights on Zuck
Yo @jackbutcher and @bzaidi , we need to do an FB emergency pod!

🔗open.spotify.com/show/0Pogh5lcy… Image
Read 4 tweets
Trung Phan 🇨🇦 Profile picture
3 Oct
This is def my fave Hacker News post: "Name one idea that changed your life".

Here are 11 gold answers 🧵
1/ The limits of being "right"
2/ Premature optimization is the root of all evil
Read 15 tweets
Trung Phan 🇨🇦 Profile picture
30 Sep
I interviewed Peter Diamandis, the founder of XPRIZE who's worked with (and studied) the likes of Elon Musk, Larry Page, Ray Kurzweil and Jeff Bezos.

Here are 5 mindset frameworks he believes any entrepreneur can learn from.

THREAD 🧵
0/ For Peter, mindset is an entrepreneur's most important asset:

"I posit that if you took away all of their money and all their technology, but you kept their mindset, they would regain a tremendous amount of success."
1/ FIRST-PRINCIPLES THINKING (Musk)

A mode of inquiry borrowed from physics, where you drill down to the fundamental truths of a problem and then draw conclusions.
Read 8 tweets
Trung Phan 🇨🇦 Profile picture
26 Sep
Italy's richest person is Giovanni Ferrero

The origin of his wealth: Nutella, a hazelnut treat his grandfather created due to WWII chocolate shortages.

Since then, the Ferrero family has created a $35B empire by inventing many of our favourite sweets.

Here’s their story🧵
1/ Officially known as the Ferrero Group, the private Italian firm employs 34k+ people and runs 30+ plants globally.

It does $14B of sales a year with Nutella accounting for 1/5 of the total (~$3B).

The confectionary empire includes Kinder, Ferrero Rocer, Tic Tac and Mon Ami.
2/ The OG Nutella was invented in 1806 during the Napoleonic Wars.

The famed French general started a continental blockade against his seafaring foes in UK, leading to a cocoa shortage across Europe.

In response, Italian chefs used ground hazelnut to stretch their chocolate...
Read 24 tweets

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