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Snapchat CEO’s leaked memo on survival

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Re: Snapchat CEO’s leaked memo on survival

#171

Earlier quoted context omitted.

Exactly, I was going to write the same thing, although with a small, but perhaps quite important correction: “You are free to watch him ru i n his company, but it is still his company”

And ruin the lives of it's employees. Long live our most honorable Capital Feudal Lords!

We're talking about some of the highest paid people in the world here, with excellent job prospects should things go south. That's before we even get started on stock options and how many early employees of these startups become millionaires.

Re: Snapchat CEO’s leaked memo on survival

#172

Earlier quoted context omitted.

There's multiple legends of CEOs famously shunning the rational advice of their team and charging down a path they believe in. You're a genius if it works out (ie. Steve Jobs) and second guessed if it doesn't.

The problem here is that Evan isn't Steve Jobs so much as he's just cargo-culting Steve Jobs without really understanding why Jobs was successful. Steve was able to see untapped markets, holes that could be filled by new products, completely different ways of doing things. Most of Apple's biggest successes were had by coming up with something completely new and novel, not by ignoring user feedback when iterating on a…

> Steve was able to see untapped markets, holes that could be filled by new products, completely different ways of doing things.

One could say the same about Snapchat's astronomical success in its early days...

Re: Snapchat CEO’s leaked memo on survival

#173
post #109

Snapchat may have lost a lot of users across the world, but it's still extremely popular in Norway. I'd say probably more than half the population aged 18-50 has it installed.

Any idea why?

From what I've seen, people are addicted to streaks.

Re: Snapchat CEO’s leaked memo on survival

#174
post #21

”Adults, not teens. Messaging, not Stories. Developing markets, not the U.S.” So... Snap basically wants to be Facebook? Adults, messaging, developing world — Facebook is already enormously entrenched in the overlap of those markets thanks to Messenger and WhatsApp. FB has also shown the ability to clone Snap’s product innovations. I have a feeling 2019 is the year when Snap is acquired. The market cap is already bel…

> "Developing markets, not the U.S.” I thought he hated developing markets?

“This app is only for rich people,” Spiegel said, according to Pompliano. “I don’t want to expand into poor countries like India and Spain.”

Delicious irony.

https://variety.com/2017/biz/news/snapchat-evan-spiegel-only...

Re: Snapchat CEO’s leaked memo on survival

#176

Give credit where credit is due. Spiegel is digging deep, showing humility, and asking the right questions after Snap has been flailing for a long time. The crux of the issue is that they haven't launched anything fundamentally innovative and game-changing since the original Snapchat, which went insanely viral in the teen demographic. In this sense they are following a similar path as Bebo, where I worked before they…

> That said, the fact that they shipped a v2 of Spectacles that didn't fix any of the core problems with the original isn't a good sign.

What are the core problems you are talking about? Personally the biggest issue with me in v1 was how flashy they looked, v2 got rid of that and now it's a great device. I made some really good footage with it. People are missing a really good experience not having it imo.

Re: Snapchat CEO’s leaked memo on survival

#177

Earlier quoted context omitted.

Snap was first? We forgetting Google Glasses I guess. Google tried but clearly market maturity is not there yet. Doubt it will be 2019. We need to squeeze more into chips before a regular-size glasses will be available with AR built in. Also personally I doubt it will be iPhone of AR. Too many companies are working on it and probably will come up to light at the similar time. It will be more like cruise control that…

Correction: first to put camera on glasses with enough fashion sense not to spawn a brand new word to describe just how much their owners looked like Borg assholes. I’m referring of course to “glasshole.” All signs point to Apple launching their glasses in 2019 or maybe 2020 if they slip. I don’t have insider info at Apple but if you look at the rate they are hoovering up AR companies it’s clear they’re prepping for…

Glasshole has been used for a long time to describe a personal style of egotistical glass artists. It had a new meaning added.

Re: Snapchat CEO’s leaked memo on survival

#178
Makes me laugh every time when people lionize some platform because "all the cool teens are on it!". It's obviously not a demographic you can profit from. And they will easily abandon your platform once they grow up.

Re: Snapchat CEO’s leaked memo on survival

#179

Earlier quoted context omitted.

I think you hit the nail on the head here. There were reports that came out from several sources that Evan ignored all feedback from product and design including hard numbers from early tests. There were apparently several groups internally that tried to stop the massive changes from dropping without adequate testing and iteration. Those groups were overridden by Evan in favor of "vision" and that apparent lack of di…

"product visionary" is hilarious for an app literally designed for college girls to send nude photos. Edit, it's true the co-founders were in a dorm room and came up with an idea for girls to securely send nudes. There is a reason it is commonly referred to as snachchat.

According to their s1, most users are tweens, so: s/college girls/preteen girls/g

Re: Snapchat CEO’s leaked memo on survival

#180

Oh, so now Evan Spiegel want to prioritize developing countries... https://www.theguardian.com/technology/2017/apr/17/snapchat-...

I'm pretty sure he still doesn't. He just needs to boost the user numbers so the eventual takeover price tag isn't embarrassingly low.
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