Prediction Open AI assessment confidence: 95% certainty 5/5 debate potential 3/5

Systrom: San Francisco will rebound as top startup center within five years

Kevin Systrom · Kevin Systrom & Mike Krieger: The Founders of Instagram Reveal their New Project "Artifact" | E981 · 20VC with Harry Stebbings · Feb 22, 2023 · at 1:06:48

Instagram co-founder Kevin Systrom addresses tech exodus narratives and defends San Francisco's long-term dominance as a startup capital.

0:00 / 0:19exact quote · 19.5s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“But like, mark my words, look back five years from now, and I, you're even seeing the glimmers of it now. Just all these companies getting started. If you look at history, history, what is it? It's like it never repeats perfectly, but it rhymes. And there's not a single time where San Francisco hasn't come back with a vengeance boom and bust periods.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Kevin Systrom

Opinion
Systrom: Investing in industry verticals is 'BS' compared to team quality
“This is gonna be heresy to a VC's ears, but like, I think investing in verticals and spaces is BS. Like, yes, in general, generative AI is gonna produce something pretty cool, Like, yes, the stuff, like, these verticalized, like, the sharing economy, it's like…”
Kevin Systrom Feb 22, 2023 ▶ 44:55 Kevin Systrom & Mike Krieger: The Founders of Instagram Reveal their New Project "Artifact" | E981 · 20VC with Harry Stebbings
Insight
Systrom: Every successful social app begins as a utility before scaling
“Every app that is successful in social starts off as a utility, and it becomes a large social behemoth over time.”
Kevin Systrom Feb 22, 2023 ▶ 35:11 Kevin Systrom & Mike Krieger: The Founders of Instagram Reveal their New Project "Artifact" | E981 · 20VC with Harry Stebbings
Insight
Systrom: Believing friends share content interests was social media's biggest mistake
“And the fundamental thesis is that your friends are kind of into the stuff that you're into, and I would argue it is the greatest mistake Of social networks in the last 20 years, is to believe that is true.”
Kevin Systrom Feb 22, 2023 ▶ 38:28 Kevin Systrom & Mike Krieger: The Founders of Instagram Reveal their New Project "Artifact" | E981 · 20VC with Harry Stebbings
Opinion
Systrom: Social networks must become less social and rely on behavioral affinity
“So, long time, like, long story short, I think that social networks need to become less social, and I think that something that will make up for it is this idea of learned association or learned affinity through your behavior.”
Kevin Systrom Feb 22, 2023 ▶ 40:10 Kevin Systrom & Mike Krieger: The Founders of Instagram Reveal their New Project "Artifact" | E981 · 20VC with Harry Stebbings
Disclosure
Systrom: Early Instagram mistakenly prioritized 'mission hipsters' over top talent
“As a small company, one of our mistakes in Instagram is hiring too many, like, mission hipsters that wore plaid and really liked drinking bourbon. Like, that was stupid. Like, we should have just been hiring the greatest people out there.”
Kevin Systrom Feb 22, 2023 ▶ 59:37 Kevin Systrom & Mike Krieger: The Founders of Instagram Reveal their New Project "Artifact" | E981 · 20VC with Harry Stebbings
What-if
Systrom would not work 16-hour days if he were in an office
“And if I were working this hard elsewhere, first of all, I wouldn't work this hard in an office. It just wouldn't happen.”
Kevin Systrom Feb 22, 2023 ▶ 18:20 Kevin Systrom & Mike Krieger: The Founders of Instagram Reveal their New Project "Artifact" | E981 · 20VC with Harry Stebbings
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 1,200 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.