20VC: The Future of TikTok; Is it a Danger to US National Security| Why the "Woke Mind Virus" is a "Post-Modern Religion" and Is it Too Late to Reverse | Why the Education System is Broken | Investing Lessons from Wish, Palantir and Lady Gaga | Joe Lonsda
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
Failure with lady gaga
Launching a social media venture, Backplane, with Lady Gaga highlighted crucial insights into market dynamics. Despite tripling merchandise sales and exciting opportunities stemming from her fame, the project ultimately failed due to an inability to adapt the technology for a broader audience or replicate the magic of her unique fanbase. The experience revealed the stark difference between enterprise software and consumer products, underscoring the necessity for specific skills and market understanding when venturing into new sectors. It illustrated the importance of identifying genuine gaps in the market and the value of concentrating on one's strengths rather than pursuing uncharted territories in consumer spaces, especially when the expertise lies elsewhere.
