The Ledger

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Opinion
Adam Foroughi: TikTok Recommendation Engine Is Phenomenal for Non-Social Engagement
“I would say when it comes to engagement, creating the ability for a social network to not need any social interaction and still be able to deliver you fantastic content, the TikTok recommendation algo is quite phenomenal.”
Adam Foroughi Apr 27, 2026 ▶ 52:19 AppLovin CEO: Why Founders Shouldn't Angel Invest & Why the Best Don't Need Mentorship · 20VC with Harry Stebbings
Opinion
Omer Shai says LinkedIn and TikTok present enormous marketing arbitrage opportunities
“Also LinkedIn. I think LinkedIn potential is enormous. The arbitrage, again, is there. The targeting is not perfect as an other solution yet, but I believe that those two are having tons of opportunity for us.”
Omer Shai Jan 31, 2026 ▶ 32:59 20Growth: How Wix Built a $100M Marketing Machine | Why LTV is BS and Why Time Return On Investment is the Most Important Metric | How to 10x Your Growth: What is the Next Great Channel with Omer Shai, CMO @ Wix
Insight
Slonimski: TikTok Requires Three Times More Ad Creatives Than Meta
“So on TikTok, you need to have three times more creatives. They're not meta.”
Ketty Slonimski Oct 3, 2025 ▶ 35:27 20Growth: How to Use Influencers to Scale Growth Insanely Fast | How to Optimise User Onboaring for Growth | How the Best Growth Teams Create Organic Growth and Community | Why LTV/CAC Models are BS with Ketty Slonimsky
Assertion Supported
Hacker: Duolingo was once bigger on TikTok than Nike
“I think at some point we were bigger on TikTok than Nike.”
Severin Hacker May 19, 2025 ▶ 55:36 Duolingo Co-Founder, Severin Hacker: How AI Impacts the Future of Work and Education · 20VC with Harry Stebbings
Opinion
Solomou: TikTok and Meta are top social platform buys
“I would say TikTok, I would buy. Meta, I would buy on their big bets that they've made.”
Solly Solomou Feb 14, 2025 ▶ 1:10:48 Solly Solomou, Founder & CEO @ LADbible Group: From Penniless Shop Offices to Public Company | E1259 · 20VC with Harry Stebbings
Prediction Not checkable as stated
Solomou: Snapchat will remain an innovative hub for Gen Z over 5-10 years
“I believe Snap is an interesting place over the next five to 10 years. Whether it can compete with the TikToks, and the Metas, and at this scale, I mean, these players are Huge. And we've seen what they've done in AI. We've seen what they're doing in e-commerc…”
Solly Solomou Feb 14, 2025 ▶ 1:09:57 Solly Solomou, Founder & CEO @ LADbible Group: From Penniless Shop Offices to Public Company | E1259 · 20VC with Harry Stebbings
Prediction Not checkable as stated
Tolkin: Western and Asian mobile app design styles are converging
“I think there's absolutely a convergence. I think probably the influence is a little bit more being pulled towards us, but the reality is like apps like, you know, TikTok, there's a lot of things going on, things flying around, scrolling, all that stuff. Like …”
Brian Tolkin Feb 7, 2025 ▶ 3:58 Brian Tolkin, Head of Product @Opendoor: How to Hire the Best Product Teams | E1257 · 20VC with Harry Stebbings
Disclosure
Malik: Perplexity's only paid acquisition is lightweight TikTok ads for young users
“So right now, like the only paid acquisition we've ever touched and it's so lightweight are some just like simple TikTok ads testing different value propositions with 18 to 24 year olds.”
Raman Malik Nov 15, 2024 ▶ 34:49 Raman Malik: Inside Perplexity’s Growth Machine: What Worked, What Did Not Work | E1226 · 20VC with Harry Stebbings
Insight
TikTok Is Content Distribution, Not an Explicit Social Graph
“Now, it's a social network, you know, as much as there's people, there's individuals who are creating stuff that's being consumed by other individuals, but it's not a social network in that, you know, I'm connected to my friend Harry, you know, on LinkedIn.”
Reid Hoffman Jun 10, 2024 ▶ 1:25:16 Reid Hoffman: The Future of TikTok and The Inflection AI Deal | E1163 · 20VC with Harry Stebbings
Insight
Will Wu: Every mobile app ultimately competes for finite attention against TikTok and gaming
“I mean, I think you're competing for time. You're sort of share of mind for people, whether it's, you know, gaming or TikTok or whatever it is. I mean, at the end of the day, there's just a finite, finite amount of time in the day. And I think, you know, at so…”
Will Wu Feb 2, 2024 ▶ 51:26 Will Wu: Top Five Product Lessons from Creating Snapchat "Discover" and "Chat" | E1111 · 20VC with Harry Stebbings
Insight
Copying existing trends is the best way to launch on TikTok
“The best way to start Is to steal like an artist. And I say that because a lot of TikTok is like copying each other. Like that is the truth of it. When we first started, these trends were us just copying what we see and obviously giving credit where it's due, …”
Zaria Parvez Jan 19, 2024 ▶ 7:29 Zaria Parvez: How Duolingo Scaled to 8M TikTok Followers & How to Create Viral Content | E1105 · 20VC with Harry Stebbings
Assertion Not checkable as stated
Content that goes viral on TikTok often fails on YouTube Shorts
“A lot of things that break the internet and trend on TikTok don't do well on shorts.”
Zaria Parvez Jan 19, 2024 ▶ 18:06 Zaria Parvez: How Duolingo Scaled to 8M TikTok Followers & How to Create Viral Content | E1105 · 20VC with Harry Stebbings
Assertion Not checkable as stated
Duolingo's viral TikTok videos directly drive user acquisition
“So if we have a viral video, we'll actually see an uptick in users. Based off the timing of it and people saying, yeah, we heard about you from TikTok.”
Zaria Parvez Jan 19, 2024 ▶ 30:39 Zaria Parvez: How Duolingo Scaled to 8M TikTok Followers & How to Create Viral Content | E1105 · 20VC with Harry Stebbings
Insight
A brand's social media comment section is its best creative brief
“The comment section is your social brief. Like, People will say stuff, like, lean into that. Like, if they're telling you they want to see X, Y, Z, give them X, Y, Z, and it can be that simple”
Zaria Parvez Jan 19, 2024 ▶ 12:37 Zaria Parvez: How Duolingo Scaled to 8M TikTok Followers & How to Create Viral Content | E1105 · 20VC with Harry Stebbings
Insight
TikTok videos fail without a punchy five-second creative hook
“If you're not a creative writer and you don't know how to make something punchy in five seconds, even if you have a trending audio, it's not going to do well.”
Zaria Parvez Jan 19, 2024 ▶ 6:56 Zaria Parvez: How Duolingo Scaled to 8M TikTok Followers & How to Create Viral Content | E1105 · 20VC with Harry Stebbings
Assertion Not checkable as stated
Duolingo CEO Luis von Ahn accepts pushback on video removal requests
“He does DM me and there's these open conversations and he's open to hearing pushback as well. There's been times where he's told us to take down a video and I was like, okay, cool. But what if I like change the audio, fix up the text a little bit, can I repost…”
Zaria Parvez Jan 19, 2024 ▶ 28:01 Zaria Parvez: How Duolingo Scaled to 8M TikTok Followers & How to Create Viral Content | E1105 · 20VC with Harry Stebbings
Insight
Duolingo's TikTok succeeded because Parvez lacked traditional advertising experience
“I always say the reason why our TikTok was so successful is because I didn't really know all that much about advertising, if I'm being honest.”
Zaria Parvez Jan 19, 2024 ▶ 3:06 Zaria Parvez: How Duolingo Scaled to 8M TikTok Followers & How to Create Viral Content | E1105 · 20VC with Harry Stebbings
Insight
Small human moments were key to Duolingo's viral TikTok growth
“No brand was doing it yet. And I think that was kind of our insight. And it was like these small human moments that I think has made our TikTok kind of blow up.”
Zaria Parvez Jan 19, 2024 ▶ 4:01 Zaria Parvez: How Duolingo Scaled to 8M TikTok Followers & How to Create Viral Content | E1105 · 20VC with Harry Stebbings
Assertion Not checkable as stated
Cohen: Long-form video generates far more investor revenue than short-form TikToks
“You know, it's the long form content where the money is as an investor. You know, you're not going to make much unless you're a very highly influential influencer on TikTok. You're not making much at the moment. YouTube, the big YouTube creators, they make mon…”
Danny Cohen Nov 8, 2023 ▶ 11:02 Danny Cohen: From Leading the BBC to Leading Venture Capitalist |E1079 · 20VC with Harry Stebbings
Assertion Not checkable as stated
Dash: Apple Privacy Changes Made Buying Massive App Growth Much Tougher
“I think the targeting capabilities after what Apple has done has gotten reduced dramatically, so I think it would be much tougher, but If you spend that much money, maybe it's possible.”
Suchit Dash Sep 13, 2023 ▶ 39:24 Suchit Dash: Scaling Dubsmash to 43M Users, Battling TikTok & Joining Reddit | E1060 · 20VC with Harry Stebbings
Prediction Not checkable as stated
Running ad campaigns will continuously become more expensive due to video formats
“Ad platforms are always getting more expensive. They're always more constrained. And if you particularly look at some of the trends that are happening with moving to richer formats like TikTok, it's just more expensive to create basic content. And so I think t…”
Ryan Wiggins May 19, 2023 ▶ 48:45 Ryan Wiggins: Scaling WhatsApp from 0-100M; How to Build a Growth Team; Mercury Neobank | E1016 · 20VC with Harry Stebbings
Assertion Supported
Schultz: TikTok Is Focusing Heavily on Messaging and Friend Graphs
“You look at TikTok and what they're doing right now. They're focusing very heavily on messaging. They're focusing very heavily on friend graph.”
Alex Schultz Mar 7, 2023 ▶ 11:24 Meta CMO Alex Schultz: Competing Against TikTok & Snap; Why Reels Failed at First | E985 · 20VC with Harry Stebbings
Insight
Jordan: Startups must separate experimental marketing budgets from core spend
“I love the companies that have a, they segregate an experimental budget from their core, core acquisition budget, just to, because if you bundle them together, it, It's a barrier against experimentation. If you're constantly optimizing Google and Facebook, but…”
Jeff Jordan Jan 16, 2023 ▶ 38:16 a16z GP Jeff Jordan: The Ultimate Guide to Two-Sided Marketplaces | 20VC #966 · 20VC with Harry Stebbings
Opinion
Sahgal: Social networks are shifting from friend graphs to interest-based communities
“What you're seeing now is the broad social networks are becoming all about communities and all about interests, and they just have different take on it. Like that's where tick tock is. That's what Instagram is becoming pretty quickly. That's what Reddit obviou…”
Vaibhav Sahgal Oct 26, 2022 ▶ 49:43 Vaibhav Sahgal: How We Scaled Reddit to 55M Users; Lessons from Zynga | 20VC #942 · 20VC with Harry Stebbings
Disclosure
20VC Abandoned 100,000 Snapchat Followers Due to Declining Engagement
“I invested heavily in Snapchat stories when they were big for business. We gained a 100,000 plus fans there, but with the reducing popularity of the platform for business, The audience declined, and it was no longer worth the investment for me over other platf…”
Harry Stebbings Aug 24, 2022 ▶ 6:31 20VC: 10 Lessons on Scaling 20VC to 100M+ Downloads | How To Build an Audience and a Next-Generation Media Company
Insight
Young Women Are the Primary Early Adopters for Social Platforms
“Whether it be Facebook or Instagram or Pinterest or Vine or Tumblr back in the day or TikTok, you know, it's always been young women who've been that first set of early adopters”
Jeremy Liew Feb 24, 2021 ▶ 11:22 20VC: The Snapchat Memo: Lightspeed's Jeremy Liew on The 4 Key Elements To Consider When Evaluating A Consumer Social Product, What is Good/Great/World Class For Retention, Usage and Downloads in Consumer Social Today & The Core Insight Development of Eva
Assertion Not checkable as stated
Diao: Answers AI co-founder drove massive growth by becoming a TikTok persona
“One of the co-founders in the company became essentially a TikTok Instagram persona, right? Who can create these videos kind of on demand for the company as well and drive very, very similar amounts of views and traction and growth for the company.”
Sandy Diao Oct 24, 2025 ▶ 35:36 20Growth: How to Build a Paid Marketing Machine: ROAS (Return on Ad Spend) 101 | The Rise of User Generated Content and How to Use It | TikTok Ads: Expectations vs. Reality | Hiring for Growth: When and Who with Sandy Diao
Assertion Supported
Tenev: Robinhood was the top App Store app during GameStop surge
“Robinhood was the number one app in the app store. And my feeling at the time was, you know, everyone was sort of like, Wow, you should be really happy. You're the number one app in the app store ahead of Instagram and TikTok. Not just financial app, but every…”
Vlad Tenev Nov 1, 2024 ▶ 14:54 Vlad Tenev, Co-Founder & CEO @Robinhood: The GameStop Saga & The Future of AI | E1222 · 20VC with Harry Stebbings
Disclosure
Duolingo cross-posts 75% of its TikTok content directly to Instagram Reels
“I would say at this rate of where we are, I would say about 75% is rip and replace. And what the other 25% is us trying to actually think through, like, what would work better on Reels versus TikTok.”
Zaria Parvez Jan 19, 2024 ▶ 18:25 Zaria Parvez: How Duolingo Scaled to 8M TikTok Followers & How to Create Viral Content | E1105 · 20VC with Harry Stebbings
Assertion Not checkable as stated
Duolingo sets one million views as its benchmark for TikTok success
“One million views for us is like a viral video that is successful. That is what is like written down as like green check.”
Zaria Parvez Jan 19, 2024 ▶ 29:20 Zaria Parvez: How Duolingo Scaled to 8M TikTok Followers & How to Create Viral Content | E1105 · 20VC with Harry Stebbings
Assertion Partly supported
Stebbings: UK TikTok news creator reached 10M followers and faced BBC attacks
“There's a TikTok star who does kind of news in the UK, and he has ten million followers now. And the BBC attacked him recently.”
Harry Stebbings Nov 8, 2023 ▶ 13:11 Danny Cohen: From Leading the BBC to Leading Venture Capitalist |E1079 · 20VC with Harry Stebbings
Assertion Supported
Cohen: UK youth average over an hour daily on TikTok
“There was a very interesting recent large scale survey in the UK, which it said that I think young people in the UK are watching over an hour's TikTok a day now, on average, which seems astonishing for one platform.”
Danny Cohen Nov 8, 2023 ▶ 10:08 Danny Cohen: From Leading the BBC to Leading Venture Capitalist |E1079 · 20VC with Harry Stebbings
Disclosure
Sacca backed Triller and DubSmash before TikTok took over
“We had two other investments, Triller and DubSmash, that were kind of the same thing, right? And there's no real reason that they didn't succeed. They just didn't.”
Chris Sacca Oct 11, 2021 ▶ 9:34 20VC: Chris Sacca on Coming Out of Retirement To Unf**k The Planet with Lowercarbon, How Chris Evaluates His Relationship To Money Today, Why We Have Bred a Generation of Ass**** Kids, Do VCs Provide Any Real Value and The True Unfiltered Opinion on Faceb
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