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Lenny's Podcast / episode intelligence

Failure

13 Dec 2023 13 published claims 4 attributable people

Speakers in the public record

Claim mix

evaluation 10uncertainty 1belief 1prediction 1

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The useful parts, with receipts.

13 published records

01 / evaluation

Now you can argue, I think the content on YouTube is really, really exceptional in this category, and maybe we were never going to do better than that. But I think what was really fundamentally broken with Quibi was that the actual foundational equation of can you make enough premium content that's totally bespoke and made for the service and takes advantage of the nature of the phone, is that enough content to get people to sign up and retain, and can you do that for a couple billion dollars?

“Now you can argue, I think the content on YouTube is really, really exceptional in this category, and maybe we were never going to do better than that. But I think what was really fundamentally broken with Quibi was that the actual foundational equation of can you make enough premium content that's totally bespoke and made for the service and takes advantage of the nature of the phone, is that enough content to get people to sign up and retain, and can you do that for a couple billion dollars?”
Speaker
Tom Conrad
Episode
Failure
Publisher
Lenny's Podcast

06 / evaluation

" But I do think we were very solution first, and I think we're also competitor afraid at the time. So it was during a time where there were managed marketplaces, there were the Saunders out there, and I think that as a company we're very much like, "Oh, look at this.

“" But I do think we were very solution first, and I think we're also competitor afraid at the time. So it was during a time where there were managed marketplaces, there were the Saunders out there, and I think that as a company we're very much like, "Oh, look at this.”
Speaker
Lenny Rachitsky
Episode
Failure
Publisher
Lenny's Podcast

07 / evaluation

I fell deeply into it right away, and it was just so fun to get to build a team from scratch and to design and build a product from scratch and to take advantage of all of the sort of modern software architecture stuff that had come into being over the course of the 15 years since we had started Pandora. And I'm embarrassed about some of the what happened with Quibi for sure, but I'm super grateful for the experience, because I just really fell in love with the industry again and was reminded of just how rewarding it can be to build something and to try to put it out there even if you stumble pretty mightily along the way.

“I fell deeply into it right away, and it was just so fun to get to build a team from scratch and to design and build a product from scratch and to take advantage of all of the sort of modern software architecture stuff that had come into being over the course of the 15 years since we had started Pandora. And I'm embarrassed about some of the what happened with Quibi for sure, but I'm super grateful for the experience, because I just really fell in love with the industry again and was reminded of just how rewarding it can be to build something and to try to put it out there even if you stumble pretty mightily along the way.”
Speaker
Tom Conrad
Episode
Failure
Publisher
Lenny's Podcast

08 / evaluation

I feel like you lived the worst nightmare that everybody has when they're thinking about giving a talk. And I think what's interesting is you survived, and I think that's a really interesting lesson is you could freeze in front of thousands of people, walk off stage, and then it works out okay.

“I feel like you lived the worst nightmare that everybody has when they're thinking about giving a talk. And I think what's interesting is you survived, and I think that's a really interesting lesson is you could freeze in front of thousands of people, walk off stage, and then it works out okay.”
Speaker
Lenny Rachitsky
Episode
Failure
Publisher
Lenny's Podcast

10 / evaluation

Next up, Paul Adams, chief product Officer at Intercom, sharing the nightmare experience of freezing on stage in front of thousands of people, having to walk off stage, and then people hearing him curse because the mic was still on, and then how he recovered.

“Next up, Paul Adams, chief product Officer at Intercom, sharing the nightmare experience of freezing on stage in front of thousands of people, having to walk off stage, and then people hearing him curse because the mic was still on, and then how he recovered.”
Speaker
Lenny Rachitsky
Episode
Failure
Publisher
Lenny's Podcast

11 / evaluation

In some instances, actually I think in both instances, they became kind of dominoes that opened doors for me in my own ambition and my own sort of professional life that maybe just wouldn't have opened at all if I hadn't gone to those companies and learned those things and had those experiences.

“In some instances, actually I think in both instances, they became kind of dominoes that opened doors for me in my own ambition and my own sort of professional life that maybe just wouldn't have opened at all if I hadn't gone to those companies and learned those things and had those experiences.”
Speaker
Tom Conrad
Episode
Failure
Publisher
Lenny's Podcast

12 / evaluation

And badges was just pervasive in all of the top games. And so it seemed like a no-brainer, but since we ranked all of our experiments in terms of ROI and return being like how many users we think we're going to get from this DAUs, and time investments, it never made sense to focus on this because we thought that the time sink would be too high.

“And badges was just pervasive in all of the top games. And so it seemed like a no-brainer, but since we ranked all of our experiments in terms of ROI and return being like how many users we think we're going to get from this DAUs, and time investments, it never made sense to focus on this because we thought that the time sink would be too high.”
Speaker
Gina Gotthilf
Episode
Failure
Publisher
Lenny's Podcast

13 / prediction

There's a minimum bar. And I guess this is the question is do you think it was just like this is never possible because we'll never make money as a business doing this, because we don't make that much booking and investing time, resources, sending people pillows, all that stuff is ever going to be economical.

“There's a minimum bar. And I guess this is the question is do you think it was just like this is never possible because we'll never make money as a business doing this, because we don't make that much booking and investing time, resources, sending people pillows, all that stuff is ever going to be economical.”
Speaker
Lenny Rachitsky
Episode
Failure
Publisher
Lenny's Podcast
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