More or Less #66: Meta Connect, the Hardware Renaissance (or Not?) and Special Guest Dan Feder
8 snips
Sep 27, 2024 
Dan Feder, a limited partner at Offline and Slow Ventures and associated with the University of Michigan, joins the hosts for a lively discussion. They dive into Meta's recent hardware innovations, including Ray-Ban glasses and Quest VR devices. The conversation shifts to venture capital strategies, likening investment to fishing, and the challenges of navigating private market inefficiencies. They also explore Japan's unique tech landscape, contrasting its collectivist culture with the individualistic spirit of American entrepreneurship, highlighting valuable lessons for both sides.
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Meta's Hardware Strategy
- Meta's Ray-Ban glasses, while not revolutionary, serve as another touchpoint for the company.
- This allows them to interact with users and gather data for AI purposes.
Meta Connect Event
- Sam Altman recounts being asked by CNBC to comment on Meta's Connect event.
- He agreed with the narrative that Meta's stock rise is due to AI's impact on ad revenue, not hardware.
Meta's Three-Pronged Approach
- Meta has a three-pronged hardware approach: Ray-Bans, Quest VR, and Orion AR glasses.
- These cater to short, medium, and long-term goals, balancing market expectations with Zuckerberg's vision.