Margit Wennmachers, long-time head of marketing at Andreessen Horowitz (a16z), discusses how social media platforms like X and Reddit have replaced traditional media outlets as the starting point for public news.
“They used to set the tone, and now they're at the very end. At the very end of all the stuff that's been said on Twitter, or Reddit, or, it eventually spills out, and then media is like, oh, what is this thing? But like, it's at the very end, right? And that, like, for media, it must be total out-of-body experience, where it's like, wait, Like I was the beginning, right? When you were to, when you were unveiling something, that's where you would go, right? And now you can go any fricking place that like you have 50,000 choices, right? And then it gets enough steam and then it gets reviewed by media almost, right? It's just that the order has flipped completely.”
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More from Margit Wennmachers
Opinion
Wennmachers: Silicon Valley founders go from college dorms to corporate kombucha
“We need so much of that because a lot of the folks here, they are running large companies, but like, they've never run a thing. They're out of a dorm into their new dorm with kombucha and massage tables.”
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AssertionNot checkable as stated
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“Wrote It's Time to Build. Like, you caved for a minute and said, like, all right, we'll place it. Maybe we'll place it. Yeah. And nobody took it. Nobody.”
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AssertionPartly supported
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“Diane Greene was ousted from Google for like a very innocent contract who'd look at pictures, I mean, satellites, right?”
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Insight
Wenmachers: Never trust a PR agency that promises specific press outcomes
“And don't trust an agency ever that will promise you a headline or a story or any kind of outcome.”
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Opinion
Wenmachers: PR agencies should never re-pitch for lost client business
“If the agency actually wants to repitch the business, you should fire them again. Because it's just a stupid ass decision. Replace the revenue, learn from why is the account gone, and then move the hell on.”
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Insight
Wennmachers: When a company makes a mistake, apologize fully without nibbling
“When you eat shit, don't nibble. So if you, if you're going to own it, which if you actually screwed up, you should.”
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