"Finding the Fast Moving Water: A New Approach to Next-Generation Social Media"

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Hatched by Glasp

Aug 20, 2023

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"Finding the Fast Moving Water: A New Approach to Next-Generation Social Media"

In the ever-evolving world of startups and entrepreneurship, there is a concept that separates successful founders from the rest: finding the fast moving water. This skill involves assessing the speed and direction of the industry trends and adapting your company to align with them. It's about recognizing the currents that will propel your business forward and having the courage to steer in that direction.

When we talk about finding the fast moving water, it goes beyond just product-market fit. It's about understanding the bigger picture and identifying the leading indicators that will shape the future of your industry. Often, sectors that initially seem promising may lead to short-term success but long-term irrelevance. You want to be in sync with larger currents that will drive your company towards a big outcome.

So, how do you find the fast moving water? Here are three actionable pieces of advice:

  1. Look for technology shifts: Technological advancements often create dislocations in what can be done, how much things cost, and how fast things can happen. Stay updated on emerging technologies like mobile phones, blockchain, AI platforms, and machine vision. These shifts create currents that can open up new opportunities for your business.

  2. Learn from low-quality examples that are doing well: Sometimes, iconic companies are born from a second-mover advantage in the fast moving water. Look for examples of companies that are thriving despite their flaws or shortcomings. Understand what they are doing differently and how they are resonating with users. This can provide valuable insights into what works and what doesn't in your industry.

  3. Embrace resistance and network gravity: Moving towards the fast moving water will inevitably face resistance from those who are comfortable with the status quo. It's important to have the courage to challenge the norm and push your team, employees, and investors to embrace change. Network effects can play a significant role in propelling your business forward, even if you don't have the best team or product initially.

Now, let's shift our focus to the realm of social media and the concept of identity. Traditional social media platforms like Snapchat, Instagram, and TikTok have gained immense popularity by allowing users to quantitatively showcase their lives. However, the next generation of social media platforms needs to go beyond this shallow approach and focus on providing a more meaningful experience.

Apps like Poparazzi and Dispo have emerged with high-quality concepts and products, but they lack the distribution strategy necessary for growth. A social media app that relies heavily on having a large number of friends can be particularly challenging to succeed in today's market. Identity is at the core of social media, and the accumulation of moments and experiences is what defines who we are.

The problem arises when these apps prioritize instant expressions over the accumulation of our identities. While living in the present moment is important, it should not overshadow the essence of who we are and what we have experienced. This is where the concept of "finding the fast moving water" becomes relevant. It's about creating a platform that allows users to truly connect, be seen, and be heard.

To achieve this, social media platforms need to create positive feedback loops that foster genuine connections and interactions. It's not about competing for popularity or tagging the most friends. It's about providing a space where users can authentically express themselves and feel a sense of privacy and authenticity.

In conclusion, finding the fast moving water is a crucial skill for entrepreneurs and founders. It goes beyond product-market fit and involves understanding the larger currents that shape your industry. By embracing technology shifts, learning from successful but flawed examples, and challenging resistance, you can position your business for success. In the realm of social media, the next generation of platforms needs to prioritize authentic connections and the preservation of identity. Don't settle for mediocrity; find the fast moving water and move there now.

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