Lenny Rachitsky: belief

Transcript context

…Exactly, yep. So I think we wanted ... Our thought was we're going to build a social network, but first we got to build a creation tool for the social network. And we knew that we wanted to use AI to create video, and it seemed obvious that, "Oh, speech to text, a solved problem, we should start with that." So that's why we decided to start with Captions because it was a solved problem at the time. What was funny is that once GPT and stuff started coming out, a lot of the things that were unsolved became solved very quickly. So timing was almost perfect. And that aligns to something you shared earlier. Just so many of these problems that were not yet solved are now possible, and the companies that are in the right place at the right time benefit greatly who've been just waiting for this part. The other thing that I think is interesting about that story is you try to build a social network. I think it was around high schools and things like that. As we've seen, it's very difficult to build a new social network. So let me just get your sense. Do you think it's possible for somebody to come around and build a new, the next Facebook, the next Snap, the next whatever? I think it's definitely possible. I do think ... Let me tell you something crazy, actually. The social network that we had at the time, we actually remove it from the app store, so it's not available anymore. But til today, there are people, there are thousands of people that are using it, posting on it, and all the different things, which actually speaks to the power of the social network in a way. It is hard to create and hard to kill. I mean, I think X is actually a great example of that too. A lot of movement happened there and it continues to work, I guess somehow. So testament to that.…

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