E859: Emergency Pod! Instagram founders flee Facebook, things Jason hates/loves, tips for founders

TL;DR

Instagram founders leave Facebook, startup advice on getting investment, two things the host hates, and a startup idea for honest home/apartment reviews.

Transcript

hey everybody hey everybody it's another episode of this week in startups and we have an emergency podcast for you today I'm going to tell you about all the incredible breaking news that's happened and give you a bunch of startup advice first is instagrams founders have left Facebook this after the whatsapp founder told users to delete facebook and... Read More

Key Insights

• 🛫 The departure of Instagram founders from Facebook highlights tensions and frustrations between the two companies.
• 🎁 Startups need to clearly present the revenue opportunity and convince investors of their ability to execute it to secure investment.
• 🥺 Access journalism can lead to biased coverage and compromises the integrity of journalism.
• ❓ Apple should consider revenue sharing with publishers on their platform to support quality journalism.
• 💁 Honest home/apartment reviews fill a gap in the market and provide valuable information to potential buyers or renters.
• 🎯 Targeting investors who have previous experience or investments in similar companies can increase the chance of securing funding.
• 😤 The importance of highlighting the revenue opportunity and demonstrating the right team to execute it cannot be overstated for startups seeking investment.

Questions & Answers

Q: Why did the Instagram founders leave Facebook?

The founders left due to product differences and frustrations with recent Facebook changes that impacted Instagram's promotion and user experience.

Q: Why are startups getting meetings but not getting investment?

One possible reason is that startups have not effectively communicated a compelling revenue opportunity or convinced investors that they are the right team to execute it.

Q: What is access journalism?

Access journalism refers to the practice of giving journalists special access to a company or individual in order to sway their opinion or secure positive coverage.

Q: Why does the host hate the lack of revenue sharing for publishers on Apple News?

The host believes that Apple should share revenue with publishers on their platform, as they do with other content creators, in order to support quality journalism.

Q: What is the startup idea for honest home/apartment reviews?

The idea is to create a service that sends covert customers to visit homes and apartments, providing honest and unbiased reviews to help potential buyers or renters make informed decisions.

Summary & Key Takeaways

• Instagram founders Kevin Systrom and Mike Krieger have left Facebook due to product differences and frustrations with recent Facebook changes.

• Startups struggling to attract investment should focus on presenting a compelling revenue opportunity and convincing investors that they are the right team to execute it.

• The host expresses hate for access journalism and the lack of revenue sharing for publishers on platforms like Apple News.

• A startup idea for a service that provides honest, unbiased reviews of homes and apartments is proposed.