So was speaking to a buddy of mine the other day who has a fast growing startup. He said that a large chunk of his funding basically goes to Google and facebook for advertising for user growth. This is basically a tax you pay to them irrespective of your startup idea. It’s amazing how much of a monopoly exists in the ad space. No wonder Zuckerberg pays so much for insta and WhatsApp.
Why is Whatsapp relevant here? it doesn't show ads
WhatsApp business. His company is in India and WhatsApp is basically a super app now.
Yeah, chamath has been talking about this
Yeah when you add AWS bills to the mix you find that pretty much all of the money you raise funnels right back into big tech
He said AWS fees matters when you scale up. But it’s manageable at first. And he also said AWS cuts you off the minute you don’t pay the bills lol.