Misc.Aug 30, 2022
Newlonggamma

Power of Google and meta

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.

Amazon XQjM34 Aug 30, 2022

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

New
longgamma OP Aug 30, 2022

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.

Snap bigbuttkus Aug 30, 2022

Why is Whatsapp relevant here? it doesn't show ads

New
longgamma OP Aug 30, 2022

WhatsApp business. His company is in India and WhatsApp is basically a super app now.

Meta oTFA27 Aug 30, 2022

Yeah, chamath has been talking about this