2 ms·

building a valuable product doesn't make you successful in 2023? Please, elaborate.

dustingetz 4y ago
* markets measure sentiment * capital flows through trust networks * the important thing is not how things are but how they seem to be (https://en.wikipedia.org/wiki/Wiio%27s_laws https://en.wikipedia.org/wiki/Wiio%27s_laws) * Curse of Development: the depth of any transaction is limited by the depth of the shallower party (https://www.dustingetz.com/#/page/the%20curse%20of%20development https://www.dustingetz.com/#/page/the%20curse%20of%20develop...) * You Can't Tell People Anything (https://www.dustingetz.com/#/page/you%20can't%20tell%20people%20anything%20(you%20have%20to%20show%20them) https://www.dustingetz.com/#/page/you%20can't%20tell%20peopl...) * Much Madness is Divinest Sense (https://www.dustingetz.com/#/page/much%20madness%20is%20divinest%20sense https://www.dustingetz.com/#/page/much%20madness%20is%20divi...) * Sufficiently Powerful Optimization Of Any Known Target Destroys All Value (https://www.dustingetz.com/#/page/sufficiently%20powerful%20optimization%20of%20any%20known%20target%20destroys%20all%20value https://www.dustingetz.com/#/page/sufficiently%20powerful%20...)
- mvkel 4y ago
  These all sound like marketing tactic problems, not fundamental "build something valuable" problems.
- MichaelZuo 4y ago
  How does this invalidate the possibility of a valuable product leading to success?
majani 4y ago
At least on the consumer side of things it doesn't. The consumer-facing side of the internet is quite mature. You are fighting for consumers' attention with giant companies that have addiction down to a science. Furthermore there are entire categories of the internet that have people's attention on lock (social media, video, music, gaming, news, chat, e-commerce and gambling). Breaking through all that existing noise is super tough now, a valuable product won't cut it. If you look at the big consumer-facing successes post-2015 (TikTok, OpenAI, Fortnite, Disney+), they all spent obscene amounts of money to get where they are at now

* markets measure sentiment * capital flows through trust networks * the important thing is not how things are but how they seem to be (https://en.wikipedia.org/wiki/Wiio%27s_laws https://en.wikipedia.org/wiki/Wiio%27s_laws) * Curse of Development: the depth of any transaction is limited by the depth of the shallower party (https://www.dustingetz.com/#/page/the%20curse%20of%20development https://www.dustingetz.com/#/page/the%20curse%20of%20develop...) * You Can't Tell People Anything (https://www.dustingetz.com/#/page/you%20can't%20tell%20people%20anything%20(you%20have%20to%20show%20them) https://www.dustingetz.com/#/page/you%20can't%20tell%20peopl...) * Much Madness is Divinest Sense (https://www.dustingetz.com/#/page/much%20madness%20is%20divinest%20sense https://www.dustingetz.com/#/page/much%20madness%20is%20divi...) * Sufficiently Powerful Optimization Of Any Known Target Destroys All Value (https://www.dustingetz.com/#/page/sufficiently%20powerful%20optimization%20of%20any%20known%20target%20destroys%20all%20value https://www.dustingetz.com/#/page/sufficiently%20powerful%20...)

mvkel 4y ago
These all sound like marketing tactic problems, not fundamental "build something valuable" problems.
MichaelZuo 4y ago
How does this invalidate the possibility of a valuable product leading to success?

majani 4y ago

At least on the consumer side of things it doesn't. The consumer-facing side of the internet is quite mature. You are fighting for consumers' attention with giant companies that have addiction down to a science. Furthermore there are entire categories of the internet that have people's attention on lock (social media, video, music, gaming, news, chat, e-commerce and gambling). Breaking through all that existing noise is super tough now, a valuable product won't cut it. If you look at the big consumer-facing successes post-2015 (TikTok, OpenAI, Fortnite, Disney+), they all spent obscene amounts of money to get where they are at now