a16z General Partner Connie Chan cites user and subscriber metrics for video streaming platform iQIYI.
Insight
Chan: Massive market sizes justify venture funding for competing startups
“Because the market's so big The pie is so large that it does actually warrant that crazy risk taking, that even if a company is already doing well, I might just give a ton of money to another competitor because if they win, the pie is so much bigger.”
Insight
Chan: EdTech startups should build mobile apps before websites
“This is probably a contrarian view, even in Silicon Valley, but I would build for mobile first, and I would build your app before you build your website, because it will drastically unlock different ways of thinking.”
Insight
Chan: Upfront subscriptions are a flawed business model for EdTech
“For this category, I don't think subscription is necessarily the best model. Because for me to sign up for a subscription, I have to think I'm going to take more than one class, right? I mean, why not instead let me pay per course, and for other courses, if yo…”
Insight
Chan: Chatbot adoption failed due to missing use cases, not discovery
“My concern is that the issue around bot usage and adoption is not actually the discovery piece. It's that the great use cases for the bots haven't been created yet. And that's more a function of Facebook educating developers or developers coming up with the ri…”
Insight
Chan: Photo tools benefit from unbundling, social networks require single apps
“It makes sense for a photo editing company to break that up into multiple apps because from a user metric standpoint, I will download four or five of them. But for a company like Facebook, I only want one if it's the same exact network of people.”
Assertion Not checkable as stated
Chan: Voice messaging in Asia is common even during professional meetings
“People will do this during meetings. They'll do it in the hallways. They'll do it in the restaurants. You're using audio input all the time.”