The Startup Ideas Podcast

Will Meta Bounce Back? (with Nikita Bier)

4 snips
Feb 15, 2022
Nikita Bier, a former Meta employee and founder of TBH, shares insider insights on Meta's drastic market decline and its potential comeback. He discusses the unique challenges faced by tech giants like Meta in innovation and product development. The conversation also touches on the co-existence of Web2 and Web3, exploring decentralized mobile networks and the future of music. Bier's expertise highlights the evolving dynamics of the tech industry and the growing significance of community-driven value in an era of digital transformation.
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ANECDOTE

Overnight Success?

  • Nikita Bier's TBH, his 15th app, unexpectedly topped app store charts.
  • This success led to a bidding war and acquisition by Facebook within six weeks.
INSIGHT

Facebook's Innovation Struggle

  • Facebook excels at growth but struggles with creating new products from scratch.
  • Competition from iMessage and TikTok, coupled with restrictions on acquisitions, pose significant challenges.
INSIGHT

Big Tech's Innovation Hurdles

  • Big tech companies struggle to innovate internally due to misaligned incentives for employees.
  • Founders often hesitate to share ideas with big tech, fearing copying, but internal development is slow.
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