Eugene Wei, former Amazon strategy team member and product executive, discusses corporate messaging and communication with 20VC host Harry Stebbings.
0:00 / 0:18exact quote · 18.3s
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“Jeff realized, hey, I actually have to encode my messages and deliver them in a way which makes them memorable, and so I saw him evolve his way of communicating to the company in order to sort of really, like, harden his messages, to make them almost viral, to make them stick in people's heads”
quote is from the automated transcript, cleaned for reading:
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(the analysis reads context, assessments check outside sources). how →
“If you think about Facebook encouraging people to follow everyone under the sun, That had huge downstream consequences for them in the, you know, types of context collapse that they're still struggling to deal with newsfeed.”
Eugene WeiNov 22, 2021▶ 13:5820VC: Eugene Wei on "Status as a Service", Why Networks Grow and Stop Growing, The Worst Design Choices Social Media Incumbents Have Made & The Next 10 Years of Media and the Metaverse
Insight
Wei: Social Graph Design Is an Irreversible Decision for Startups
“And the problem for social startups is that if you have people build a very particular social graph, and you build your feed off of it, and you build notifications off of that graph, most people tend to not want to unfollow people down the road, so this is kin…”
Eugene WeiNov 22, 2021▶ 16:1720VC: Eugene Wei on "Status as a Service", Why Networks Grow and Stop Growing, The Worst Design Choices Social Media Incumbents Have Made & The Next 10 Years of Media and the Metaverse
Insight
Eugene Wei: Primary mechanism of network growth is status game creation
“Status as a service posits, there are two things that explain a lot of this. One is that humans are just hardwired to seek status, or as you would call it, status, which sounds more classy. The second is that humans... Will tend to gravitate towards the most e…”
Eugene WeiNov 22, 2021▶ 21:5820VC: Eugene Wei on "Status as a Service", Why Networks Grow and Stop Growing, The Worst Design Choices Social Media Incumbents Have Made & The Next 10 Years of Media and the Metaverse
Insight
Eugene Wei: Twitter tweetstorms are the optimal status tactic for VCs
“Now I feel like the new meta for investors is to build a personal brand on Twitter. And the way you do that is the tweet storms. That's a classic example of a optimal status seeking tactic within Twitter that has been adopted by the universe of players.”
Eugene WeiNov 22, 2021▶ 28:2520VC: Eugene Wei on "Status as a Service", Why Networks Grow and Stop Growing, The Worst Design Choices Social Media Incumbents Have Made & The Next 10 Years of Media and the Metaverse
Insight
Wei: Social capital is as predictable as financial capital
“I find social capital very compelling to study because I don't think we study social capital with as much rigor as maybe financial capital, but in many ways, it's just as predictable a medium.”
Eugene WeiNov 22, 2021▶ 29:5020VC: Eugene Wei on "Status as a Service", Why Networks Grow and Stop Growing, The Worst Design Choices Social Media Incumbents Have Made & The Next 10 Years of Media and the Metaverse
“The reason Amazon moved to the six-page memo process was in part because they felt like PowerPoint and the prevalence of PowerPoint in meetings gave too much power to charismatic speakers.”
Eugene WeiNov 22, 2021▶ 9:0220VC: Eugene Wei on "Status as a Service", Why Networks Grow and Stop Growing, The Worst Design Choices Social Media Incumbents Have Made & The Next 10 Years of Media and the Metaverse
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