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I know this is repeated over and over but in the case of Reddit I think it’s pretty true. They should never have taken VC money. I don’t think technically they
by infecto 3y ago
I know this is repeated over and over but in the case of Reddit I think it’s pretty true. They should never have taken VC money. I don’t think technically they are doing anything that is very tricky. They have surely innovated on their tech stack but even the things they have tried to do seem pretty miserable. Their media player is horrendous and while they do have scale problems, I don’t see much happening on the product side. They have not done much to make admin’s life easier. Beyond the new UI they got years back, I am not sure what they have done to improve the product.
Maybe I have not paid close enough attention but Reddit feels mostly the same since forever.
- TranquilMarmot 3y agoIt feels like there have been some desperate attempts at monetization over the past few years, with their "Coins" that you can use to "reward" comments/posts, NFTs, and paid avatar personalization. I imagine not very many users buy these, and they aren't really something that even a "whale" would end up buying a lot of because they are largely useless and don't enhance the experience of the site at all.
- rhtgrg 3y agoI appreciate the sentiment, but iirc, in Reddit's case: the investors told them exactly what to build in the first place. https://kickstartsidehustle.com/how-reddit-got-its-first-users/ https://kickstartsidehustle.com/how-reddit-got-its-first-use...
- callalex 3y agoThey have tried all kinds of new offerings that have all fallen flat on their face since they keep ignoring their core product and power users. A few examples are: user profiles and following users directly instead of communities like Instagram, live chat rooms like Discord, live video streaming like Twitch, and a bunch of NFT nonsense like Trump.