Model 3 was going to be called Model E, for obvious dumb humor reasons, but Ford sued to block it, so now it is S3X. Totally different :)— Elon Musk (@elonmusk) March 24, 2017
YouTube for iOS is better than Wistia for iOS and YouTube for android is monopoly. Wistia is paid. YouTube is *free*. Not exactly free but still works.
You can upload videos from Gallery on YouTube. Wistia doesn't even exist on Android.
YouTube runs at startup and take all these permissions:
1) Take pictures and videos
2) control near-feild communications
3) measure app storage space
4) Advertising ID notification
Yes, the difference is clear. YouTube allows you to earn money on your videos. While Wistia is for more business-like applications.
YouTube Cons:
a) Slow, stagnant and requires a lot of technical expertise.
b) Channels have Zero Differentiation. Brands have to have expensive gear to be differentiated.
c) Casey Neistat gives a perfect case study. You have to spend $40,000 on a first class airplane and then get measly $5000 return.
d) YouTube is crowded. The next Casey Neistat will not make videos on YouTube.
Wistia Pros:
a) Professionally provides a technical structure.
b) you can differentiate based on your brand and your own website.
Above all, don't listen to me, literally, make your own decision. I would never recommend first spending $1000 on YouTube to get zero traction. On the other hand, Wistia may work for you or it may not work for you. Spending your resources to compete with other people is not preferred route. On the other hand, you can build new products and distribute to select customers. You will get valuable feedback. Elon Musk didn't release his Tesla until 10 years after the company. A technology like this required a lot of feedbacks. In a clever way, he would learn and iterate "on the go".
----
Richa Chada is an indian actress under my analysis these days. She has been into independent films. She says many people said to her to not do independent films which she "owes" her career to:
What are bad recommendations you hear in your profession orAdditionally,
area of expertise?
I have been blessed with “well-wishers” and “advisors” throughout my career.
They teach me what not to do. People make recommendations based on what
they think is safest for you, or based on their understanding of who you are
and what you ought to be. They set invisible limits on how much you can
achieve in your life and pass those limitations on to you inadvertently.
I was told to not do independent films (the films I owe my career to), to
dress like others (making me a fashion-friendly homogenized clone with no
identity), date or marry rich (again, safety net), and not be vocal about
political issues (no matter where you are, you have to pay a price for voicing
your concerns, and that’s a price I was willing to pay).
This stuff is simple; it may not always be easy. - Richa Chada
What is one of the best or most worthwhile investments you’ve
ever made?
My father encouraged me to take a course called “Money and You,” devised----
around the ideas of Buckminster Fuller. I attended the four-day course in
Kuala Lumpur. The first two days focused on money and the next two on
“you.” It was very balanced, taught me to look at money differently, and
imbued me with a sense of enterprise at a young age. It cost me $500. - Richa Chada
Buckminister Fuller
Buckminister Fuller was a futurist, investor of Geodesic Doms and owned more than 2000 patents on his name. He was given Presidential medal of freedom. Using tips from Buckminister Fuller, we built our own version of a device widely propagated by media: Wind Turbines, actually "Silicon-based Digital Wind Energy Model" or SIDIWIEM. It was displayed in a school exhibition. It had a brushless DC motor
A Brushless DC Fan
It produced current flowing into an LED attached to it. Reversing direction of current allowed us to convert wind power into electricity into Light and heat(≠ 0). The concept is clearly worth it but the device is seriously flawed. These things not only need refinements but they need people who can make new things. For example when Solyndr, a flop green energy company, was drowning, Elon Musk outsold Pruis when Leonardo DiCaprio switched to a Tesla Roadster after getting rid of a Prius. We need more entrepreneurs as Elon Musk.Just because an Initiative appears to be good for public will not ensure it'll work successfully. Elon Musk, as innovative as he is, appears to be relentless. But the question then becomes, how can a company be as innovative as the Elon Musk?
Fear not, I give answers, not general advices. But this time, the questions as answers come from Peter Thiel a la his book "Zero To One" which are:
1. The Engineering Question----
Can you create breakthrough technology instead of incremental improvements?
My edit: Read leap-of-faith assumptions or so called pivot.2. The Timing Question
Is now the right time to start your particular business?
3. The Monopoly Question
Are you starting with a big share of a small market?
4. The People Question
Do you have the right team?
5. The Distribution Question
Do you have a way to not just create but deliver your product?
6. The Durability Question
Will your market position be defensible 10 and 20 years into the future?
7. The Secret Question
Have you identified a unique opportunity that others don't see?
Useful Resources:
1) The Startup Way by Eric Ries
2) Zero To One by Peter Thiel
3) Poor Charlie's Almanack by Charles T. Munger
Buy On Amazon here
Or Download for Free: http://jtaken.csoft.net/book/Poor%20Charlie%27s%20Almanack%20by%20Charles%20T.%20Munger.pdf
No comments:
Post a Comment
Comments are welcome