441–450 of 789 posts
It wasn't like Twitter's business had a large technical barrier-to-entry. And Musk seems to be pissing away his non-technical barrier-to-entry just about as hard as he can. Good luck to Substack on eating twitter's lunch! Edit: That said, I've found mastodon (@jpmattia@mastodon.mit.edu) to be a much more pleasant interaction compared to twitter, so I'm curious what the landscape looks like in a couple of years.
Twitter's barrier wasn't that it was technically hard - it was that it was free and had critical mass. There still isn't much of a reason to move away from it, except for those who want to signal their disdain for Musk's political views
I care about being able to choose between "For You" and "Following". I don't want an algorithmically curated feed which includes things I have consciously chosen not to look at. And I don't want people who follow me not to be able to see things I link to because of a pissing contest between tech companies.
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The great shake up has started. Google pissing their pants with AIs abrupt arrival, Twitter dying a death by a million cuts, Facebook in mid-air making their VR play, the tech skyline will look very different in 5 years.
And patient Apple waiting it all out to see whose lunch to eat next.
How do you get around privacy concerns for using the big AI models? Run your own. How do you get around the compute requirements for training? Push to the leaf nodes. How do you solve for personalizing AIs? Have personal AI models running locally... And wouldn't it be nice if there was some dedicated hardware those AI models could inhabit...
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I see. As somebody who left Twitter, I'm glad somebody finally had the courage to tell me that everyone always disliked me. At last, the truth.
The truth is, very few people are missed. Others have filled the gaps. The algorithm wins.
It wasn't like Twitter's business had a large technical barrier-to-entry. And Musk seems to be pissing away his non-technical barrier-to-entry just about as hard as he can. Good luck to Substack on eating twitter's lunch! Edit: That said, I've found mastodon (@jpmattia@mastodon.mit.edu) to be a much more pleasant interaction compared to twitter, so I'm curious what the landscape looks like in a couple of years.
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They raised a ton of money on a high valuation, spent 25mil to make 1 mil last year and are now scrambling to raise a new crowd sourced round because they don't want to get wiped out in a down round. This notes thing looks like an attempt to pivot to an advertising based business model and I'm guessing they think they have "influencers" on their platform to bring in a decent audience.
Where is the 1M number from? They take 10% of subscriptions and https://sellcoursesonline.com/substack-statistics says that just the top writers made 20M in 2021. I bet there’s a long tail. (I don’t think you’re wrong by a factor of 10, just curious where you got your number from.)
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I used Bing today. I’m denting.
I used bing chat (supposedly using gpt4) and it was far more annoying than openai free chatgpt (supposedly using gpt3.5) Somehow Microsoft found a way to make it worse?
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They raised a ton of money on a high valuation, spent 25mil to make 1 mil last year and are now scrambling to raise a new crowd sourced round because they don't want to get wiped out in a down round. This notes thing looks like an attempt to pivot to an advertising based business model and I'm guessing they think they have "influencers" on their platform to bring in a decent audience.
> They raised a ton of money on a high valuation, spent 25mil to make 1 mil last year and are now scrambling to raise a new crowd sourced round because they don't want to get wiped out in a down round. Sorry to get off-topic, but is there a read/book to understand funding, VCs, etc., from a holistic POV. I totally didn't expect that consequence of having to raise a crowd sourced round due to initial high valuation.
“The Power Law: Venture Capital And The Making Of The New Future” is also good. It tells the story of the evolution of VC over the last 70 years. It is interesting that funding terms seem to be becoming more and more founder-friendly over decades.
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Yeah but that doesn’t mean anything. Kodak saw a train coming, did a study that told them that they had to do something, but then sat on the tracks. Fuji, who was also big in the chemical film business, came out just fine.
> Kodak saw a train coming, did a study that told them that they had to do something, but then sat on the tracks. Replace "Kodak" with "Google" and that's the exact impression I get from friends who work there
It’s also institutionally arrogant, they really think they are the best, Jeff Dean and Urs are Gods, and no other company can do what Google does. OpenAI just destroyed that myth, yet on the inside they haven’t woken up to the change.
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I hope it doesn't. Because it essentially sets us up for a repeat. If Mastodon was 'just not the thing people were looking for' then at least it solves the problems that both Twitter and Substack have, which is that they are not federated. Better to fix Mastodon than to waste another decade on something that will ultimately blow up and with the way Substack has - in my head at least - been associated negatively with…
The fact Mastodon sites don't even load without JS is absurd, a huge not-talked-about barrier to entry (globally), and a betrayal of its "protocol-first" talking points. Until that changes Mastodon isn't trying to be a serious player.