Of course most pivots don't work and there's selection bias here. BUT, it's not unheard of for business models to change. And it certainly helps that Zuck is the original founder and has controlling shares.
1,744 karma · joined March 29, 2015
Of course most pivots don't work and there's selection bias here. BUT, it's not unheard of for business models to change. And it certainly helps that Zuck is the original founder and has controlling shares.
Eh, Mark Zuckerberg is 40. Facebook is planting seeds in some pretty ambitious places (VR/AR + AI). To put that into perspective, Elon Musk is 53 now, but he was ~40 when the Falcon 9 first launched for SpaceX and the Model S was released at Tesla. In June 2012, when the S was released, Tesla was worth about 0.7% of what it is now. Elon Musk was certainly rich, but no where close to the wealthiest folks at the time. Similarly, at 40 years old (21 years ago) Jeff Bezos was worth about 100th of what he is now. Rich, but it wasn't clear that Amazon would ever come close to, say, Walmart, in terms of market cap.
Mark Zuckerberg's empire still has plenty of time to grow.
Even if you are the biggest critic of AI, it's hard to deny that the frontier models are quite good at the sort of stuff that you learn in school. Write a binary tree in C? Check. Implement radix sort in Python? check. An A* implementation? check.
Once upon a time, I had to struggle through these. My code wouldn't run properly because I forgot to release a variable from memory or I was off-by-one on a recursive algorithm. But the struggling is what ultimately helped me actually learn the material [2]. If I could just type out "build a hash table in C" and then shuffle a few things around to make it look like my own, I'd have never really understood the underlying work.
At the same time, LLMs are often useful, but still fail quite frequently in real world work. I'm not trusting cursor to do a database migration in production unless I myself understand and check each line of code that it writes.
Now, as a hiring manager, what am I supposed to do with new grads?
[1] which I think it might be to some extent in some companies, by making existing engineers more productive, but that's a different point
[2] to the inevitable responses that say "well I actually learn things better now because the LLM explains it to me", that's great, but what's relevant here is that a large chunk of people learn by struggling
If traffic is high, this could get pricy. For example, i have a site up getting about 20,000k visitors a day, hitting it many times each and it's probably costing me $400/month whereas a $50 server would probably do the trick (it's a temporary thing that i'm migrating away soon). But I have a bunch of smaller projects with a few visitors a day and the cost rounds to $0.
The nice thing is that it'll basically scale infinitely when you need it to.
2) this doesn’t run anything. It goes to your clipboard and you have to run it yourself
3) this a good callout… what do u think? I’m thinking maybe ask the models to return a Boolean is_dangerous plus a small explanation and then I can display dangerous commands in red and show the warning when you select one.
That said, did you run `zev --setup`?
It solved a pressing problem for teachers. But I built it and showed it to teachers and.... crickets. Absolutely no one found it organically by searching the chrome extension store. I emailed every teacher I know and a few installed it just to humor me, but no one used it. But eventually I got it to grow organically. I'm not saying this process is repeatable, but here's what I learned:
1) Finding the first 10 users was painfully hard. I had to beg people to install it. None of them cared.
2) Finding the right users at the right time is important. I went on to teacher forums on facebook and whenever someone posted something relevant to my app, I privately messaged them. This failed most of the time, but occasionally worked.
3) After lots of messages and begging, I clawed my way to maybe 10-20 users. That's when I started to see the first signs of organic growth. People would tell their friend about it. I'd see 1 or 2 people installing it per day who were hearing about it from friends
4) At 300 users, I got my first "influencer". Someone who had access to a email distro list that goes out to a few thousand teachers. They posted something there and my user count doubled in the next few days.
5) At 30k users, I got a viral video that someone posted about it on tiktok. Got 10k install over the next week.
6) Going from 300 to 200k users was easy... once the ball was rolling, I didn't have hunt down users myself... they would tell each other about it.
Going from 0 to 200k took about 18 months.
Lessons learned:
- Dont worry about your first 1000 users or even 100 users. Worry about your first 5. Do whatever it takes to get them. Finding them is a manual process.
- You will be rejected early on. A lot. It might mean your product sucks, but even if your product is great, you need to find the right person, at the right time. On top of that, most people aren't early adopters.
- Here's what probably won't work for finding those early users unless you really know what you are doing in an existing market: google ads, facebook ads, pretty much anything that isn't manual outreach.
With Uber, there simply isn't an alternative. If they don't accept Visa then i can't use a credit card (or most debit cards, since those go through the visa network too) and there isn't a reasonable way for me to pay at all.
I built a popular product that helps teachers with this problem.
Yes, it's "hard to answer", but let's be honest... it's a very very widespread problem. I've talked to hundreds of teachers about this and it's a ubiquitous issue. For many students, it's literally "let me paste the assignment into ChatGPT and see what it spits out, change a few words and submit that".
I think the issue is that it's so tempting to lean on AI. I remember long nights struggling to implement complex data structures in CS classes. I'd work on something for an hour before I'd have an epiphany and figure out what was wrong. But that struggling was ultimately necessary to really learn the concepts. With AI, I can simply copy/paste my code and say "hey, what's wrong with this code?" and it'll often spot it (nevermind the fact that I can just ask ChatGPT "create a b-tree in C" and it'll do it). That's amazing in a sense, but also hurts the learning process.
Your user is the type of person who obsessively checks their stripe account. They log in multiple times per day. Most people aren’t like that, but some are. Of those people, a small subset are early adopters and into trying new things. The real problem is how to find those people. Once you do, I’d suggest charging more. Once I’m getting my credit card out, I’m probably not paying attention to the difference between $19 and $19/yr. It either has to be so cheap (<$4) that the price feels negligible and I’ll buy on a whim or just charge more.
The biggest hurdle is between $0 and $0.01, because that’s the difference between pulling out my credit card or not.
On the other hand, virtually no one dies from laundry, that I’m aware of. So the reaction to a single accident might be quite different.
9/11 changed the world because it started two major wars in the Middle East, resulting in hundreds of thousands of deaths. It set the stage for world politics for the next few decades.
The reality of this attack is that it really won’t affect people’s lives in any meaningful way. Maybe a few people will be wary of using beepers for the next few months but I don’t see many people thinking of giving up their smartphones over this. Or perhaps I’m wrong and this foreshadows many similar supply chain bomb attacks in the future… I don’t know, but neither does Bruce Schneier and it’s too early to say definitively what the effect of this will be.
Even public businesses are not trivial to value for very large shareholders who don’t have the ability to easily sell all shares at once without moving the market quite a bit. But in any case, removing this loophole would just encourage the ultra wealthy to put their money into opaque businesses and then try to “value” them as low as possible. So it’s not so easy to fix.