Everything Evan Spiegel said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Mainstream adoption of fully enclosed VR headsets is unrealistic
“VR may have a specialized role, you know, for more immersive training environments or things like that. Yeah, but even then, I think folks really are going to want to be able to wear glasses and work together, right? I mean, you're going to want to be able to …”
Mass adoption of pass-through VR headsets clashes with human nature
“That's, you know, pass through VR where they reproject the world on the screen, but I can't imagine A huge swath of humanity wanting to interact with the world through a screen. I just, I don't think that's a fit for who we are as a species.”
Camera-only smart glasses will quickly get undercut on price
“The problem with camera glasses, if you're really successful, right, you really won't have been able to build a platform because they're not, they don't have an operating system, they don't understand the world, they don't run applications, and therefore you'r…”
AI software generation overcomes the Apple App Store lock-in moat
“So I think you know, I think the entire engineering paradigm, the way that software is built now enables you know, a totally different way of thinking about specs and about our platform. And frankly, overcomes the biggest hurdle that we were facing, which was …”
Independent studies show Snapchat boosts well-being, unlike TikTok or Instagram
“And I think what's so fascinating, I think now there's been maybe three or more of them, one out of Australia, I think one out of the Netherlands or something, one in the U.S., that show that Snapchat actually has a positive impact on people's well-being and r…”
Spiegel: Network effects alone can no longer protect software from cloning
“I don't, I think network effects are certainly an important piece of the puzzle for sure. But I don't think they're enough when it comes to these sorts of software you know, software cloning.”
Spiegel: Meta needed Luxottica partnership to camouflage its unpopular brand
“I think Meta needed to partner with Luxottica because the Meta brand, I think, is not something that people want to put anywhere near their face. So I think I think that Meta really needed it. I think what's, what's challenging for Luxottica is they took like …”
Spiegel: Studies prove Snapchat boosts well-being unlike Instagram and TikTok
“What's fascinating is when Snapchat is studied separately from social media, there's study after study, independent studies that show that Snapchat makes a positive impact on people's friendships, on their wellbeing, that is fundamentally Different from social…”
Upcoming Spectacles will match Apple Vision Pro capabilities in glasses form
“And I think the sweet spot for specs coming later this year is the wearability of, you know, normal glasses, but the capability of you know, true spatial computer, like something like a Vision Pro.”
Rapidly created bespoke AI software will replace one-size-fits-all applications
“And so where, where I think we're at in 20, 26, which is fundamentally really different, Is that, you know, there's literally going to be bespoke software for people that they're going to be able to imagine that they're going to be able to build and create rea…”
Combining social connections with media feeds creates perverse platform incentives
“The most important thing you need to do is separate social from media. The biggest mistake was combining them, and it creates a lot of perverse incentives.”
Future social networking will mean hanging out in person using AR glasses
“This social network of the future is actually hanging out together in person and using specs together. So that's what excites me about the future of digital communication. I think, you know, messaging is fine, but it's hard to compete with actually being toget…”
Companies will shift resources from engineering to distribution to accelerate growth
“People are going to reallocate more resources away from things like software engineering, for example, to distribution in order to grow faster.”
Spiegel: Social network value comes from close ties, not maximum connections
“And what Snapchat figured out that was, I think, different was that, you know, despite the fact that there were much bigger networks that connected more people, what really mattered was connecting you to the right people. And so if you could just connect someo…”
Spiegel: Smart glasses will enable the next generational consumer companies
“And so I think as we look forward to, you know, sort of these next generation form factors and Things like glasses. There's gonna be a whole new set of opportunities and a whole new surface for people to build generational consumer companies.”
Spiegel: Snapchat+ hitting a $1B run rate got Meta's attention
“Yeah, I think, you know, we just hit twenty-five million subscribers on Snapchat Plus, more than a billion revenue run rate, so it was, I think, probably enough to get Meta's attention that it's a good time to copy.”
Spiegel: Software features are easily copied, but ecosystems are defensible
“So it's very easy to copy hardware, you know, software features. It's very hard to copy or to replicate a full ecosystem or a platform.”
Spiegel: Snap intentionally uses the design team as a shipping bottleneck
“Well, I think for us, design actually has always operated as like a bottleneck at the company, which is incredibly important, right? It's intentional that things need to be approved by design to ship, and sometimes that really annoys people you know, and it do…”
Spiegel: Society will push back heavily against upcoming AI changes
“And I think we're going to enter a period of time where there's going to be a huge amount of societal pushback on a lot of the changes that are coming with AI.”
Spiegel: More Selfies Are Taken on Snapchat Than on iPhone in Total
“The, you know, I think there are more selfies taken on Snapchat than on iPhone in total, right? Which is a crazy stat.”
Spiegel: Holding a Smartphone Screen Is Not the Future of Computing
“It was obvious to me that, you know, if you looked at the evolution of computing, that like holding this tiny little screen in your hands was not the future of computers. Like it makes absolutely no sense, especially for humans that want to like live and work …”
Spiegel: There is no defensible moat in software alone
“You know, you look at the last 15 years, we learned very, very early on that there's no moat in software, which was an incredibly powerful lesson, right? All of our ideas, the things that we invent, people just try to copy right away, and it's easy to do that …”
Spiegel: AI gives Snap effectively infinite engineering resources against monopolies
“And so it's been hard to see a path forward. For Snap up against these giants without AI tools. And now with AI tools, you're like, wow, we can basically have an infinite number of engineering resources.”
Spiegel: Communication network value depends on close ties rather than raw scale
“So actually, you know, what reflects the value of the network is, you know, are the people that you actually talk to and communicate with, especially the ones you communicate more frequently, are they a part of your network? And if they are, Then you can accru…”