At Wish, we were by far the most efficient big spender on FB & Google (spending $100's-of-millions per year on each).
We achieved this BECAUSE we ignored all "best practices", personal taste, & silicon valley opinions.
Because, not in spite.
Thanks for sharing
@lennysan
The most sophisticated growth team no one talks about:
@WishShopping
1. The
#1
shopping app in 40+ countries
2. Rumored to often be the
#1
spender on FB and Google
3. 2 million items sold daily
I sat down with
@cplimon
to learn about the notoriously secretive company. Read on 👇
@boironattorney
This seems like a key principle:
"...decentralization by reducing the amount of close coordination necessary among contributors who understand guiding principles and goals"
@david_perell
@tylercowen
But doesn’t “good taste” get more and more niche (narrower in population) the better it gets.
It starts to require more and more context, which fewer and fewer ppl have and appreciate.
Great thread by
@rektdiomedes
.
Seems your thesis hinges on the street's expectations of future interest rates - in order to unlock risk-on.
and you're estimating, the fed put soon?
Good collection of links, too, btw.
Thread: Navigating The Macro Craziness As A Crypto Degen (Update!)
🧵
Alright my fellow frogs, this thread is my thoughts on the current market outlook.
..and a sequel to my March 7th thread on my thoughts/plans for navigating the max pain we were anticipating (and got!)
1/x
Low BTC dormancy rn - on avg new coins are moving vs old coins. '1st-cyclers' are bailing, where as BTC cycle-veterans are HOLD'ing
We want a good crypto on-boarding experience for 1st-cyclers, but they should reactivate as I've seen at CEX data
🙏
@TimmerFidelity
@joshelman
Just say it. I love the message but:
1. Takes too much reading
2. Takes too long to complete the message
If you don’t acct for the human-monkey brain (bored & lazy), you lose most of your audience.
@VitalikButerin
@Noahpinion
ppl only want famous ppl replying, not ordinary ppl without bluechecks who can't improve your status.
I think it's more abt "who" is replying and what is does for you
1) NFT Investor Experience Matters
Experienced NFT investors outperform inexperienced investor returns by ~10% across n=692 “generative” collections on Opensea.
Inverted: to moon an NFT project, focus on max. experienced investor attention.
Study from U of Chicago and Temple
@FbBagholder
Makes intuitive sense. But in practice, I don’t see it in - the avg or median is all bad.
But I also don’t see Oscar-winning-vibe TikTok content.
Best argument is, length & budgets create upward variance potential, not still not common.
Budget imo the driver
I somehow got 3 exits in 12 months. What a crazy time!
* Tubi acq'd by Fox (2020) - $500 Million
* Wish IPO (2020) - $16.5 Billion (current market cap)
* Glu Mobile acq'd by EA (2021) - $2.4 Billion
@speechu
@awilkinson
It’s also the exact opposite of what candidates want. Candidates want to do more and at larger scales.
Doing the exact same (or less) at smaller scales is not an exciting proposition.
@TurnerNovak
@Cokedupoptions
2021 was all abt *reading* abt others making $, mostly on jpegs.
Who knows what investment strategy I’ll be reading abt in 2022