#162 - Why Clubhouse Will Fail
Podcast Notes Playlist: Business
English - March 22, 2021 00:00 - 52 minutes - ★★★★★ - 2 ratingsBusiness podcast notes podcastnotes playlist Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
My First Million
Podcast Notes Key Takeaways Writing a viral thread has a lot of upsides: Shaan got invited to go on CNBC and a German news stationHad his thread praised by a lot of famous individualsGot an offer for a book dealShaan gained about 20,000 new followers from that one threadAdvice for writing a viral thread:Write your thread and then come back to it an hour or so later. You want to look at it with fresh eyes and then edit it.Ernest Hemingway used to say, “Write drunk, edit sober”If you’re able to write about something a lot of people have a hunch about but can’t articulate well, people will share that postWhy does Shaan think Clubhouse will fail?App downloads are slowing and user retention is fallingThe app has an interestingness problemAlso known as TTF (time to fun) or the length of time it takes to have fun in the app. All the great apps (Tiktok, YouTube, etc.) take less than 7 seconds to get good content.Additionally, Clubhouse is live so it’s exponentially harder for users to find good content quickly Clubhouse has two options:Become a content platform with fast growth but low retentionBecome a chilling platform with slow growth but high retention Two common mistakes newsletter writers make:Charging too littleNot having a frontend and a backend productYou need a cheap product that a lot of people buy and a premium product that only a small number of people buy but makes you a lot of money
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Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) discuss:
0:45 Shaan breaks down why and how Clubhouse will fail (although he wishes it won't)
17:10 How to go viral and also improve your writing
27:07 How to win (and make millions) in the content game
36:22 How 'The Hustle' finds its talent
38:44 A simple startup idea with huge potential
50:38 How Shaan's tweet became a meme
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Editing thanks to Jonathan Gallegos (@jjonthan)