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Harry Stebbings @HarryStebbings
6.) Compounding Effect of Re-Investment: Reese takes that content & shops it before she invests a dollar. She then gets money from media players (Netflix, Disney). Then uses those dollars to produce the content which then gives her more money & goes back into the book club. — PolitiTweet.org
Harry Stebbings @HarryStebbings
5.) Flywheel Now created this virtuous circle starting with attention of subscribers. To getting subscribers to validate if book is going to be hit TV show. To then negotiate upfront, "I'll give you access if you give me a right to buy exclusive right to create your content". https://t.co/NwEb6UgpMD — PolitiTweet.org
Harry Stebbings @HarryStebbings
4.) Bake Distribution into Product: She then shops around these rights to all the major platforms like HBO, Apple TV, Netflix, Disney etc. Then she produces them into Emmy award-winning content and born is "The Morning Show" and "Big Little Lies". — PolitiTweet.org
Harry Stebbings @HarryStebbings
3.) Finding Leverage Through Distribution: Reese then approaches book publishers and in exchange for having her 2.5M book club readers the book. So they get the book revenue. She then negotiates the rights to turn these stories into movies and TV shows. — PolitiTweet.org
Harry Stebbings @HarryStebbings
2) Distribution is Everything: After a successful career in film, Reese Witherspoon starts a book club in 2017. Over 5 years she scales that book club to 2.5M subs, 2.4M followers on Instagram and 310K followers on Facebook — PolitiTweet.org
Harry Stebbings @HarryStebbings
Reese Witherspoon used a flywheel to turn a newsletter into more than $900 million. This is the wild story ššš — PolitiTweet.org
Harry Stebbings @HarryStebbings
@Midaskwant @bonatsos Downloaded my friend! — PolitiTweet.org
Harry Stebbings @HarryStebbings
So my inbox now has 32 different portfolio management software providers wanting to sponsor 20VC. Not quite what I was going forā¦ š — PolitiTweet.org
Harry Stebbings @HarryStebbings
Help me out fellow GPs. I am in awe. Portfolio management software products are truly shit and insanely expensiveā¦ https://t.co/DJsN3OwESS
Harry Stebbings @HarryStebbings
Since I started pushing back on guests and having a lot more of a voice on 20VC. Show numbers, through the roof. Fascinating to see. š — PolitiTweet.org
Harry Stebbings @HarryStebbings
@nj_richards @federicoantoni You helped my bro? — PolitiTweet.org
Harry Stebbings @HarryStebbings
Help me out fellow GPs. I am in awe. Portfolio management software products are truly shit and insanely expensive ($40K+). What do you use for portfolio management vs deal flow? — PolitiTweet.org
Harry Stebbings @HarryStebbings
@SebREvans Given them decent secondary and it can be done. — PolitiTweet.org
Harry Stebbings @HarryStebbings
Today we have a huge swathe of companies with no product-market-fit very small customer bases but huge cash balance sheets from pre-emptive rounds. Think we are going to see a wave of Series B, C and D investors asking for their money back. — PolitiTweet.org
Harry Stebbings @HarryStebbings
@CabinYim So subjective I would never say what mine is as there isnāt a right or wrong and company and team specific — PolitiTweet.org
Harry Stebbings @HarryStebbings
Just seen a 40 slide seed deck. Donāt do this. You donāt need to. 10 succinct and clear slides max. — PolitiTweet.org
Harry Stebbings @HarryStebbings
@alvinkiks @mjmauboussin @twentyminutevc Means the world to me and Michael was amazing to have on the show! — PolitiTweet.org
Harry Stebbings @HarryStebbings
@OmerPerchik Exactly, all part of the equation of do they love and use for me but exactly and singing from the same hymn sheet! — PolitiTweet.org
Harry Stebbings @HarryStebbings
@OmerPerchik Ok, do you have customers that love and use your product. If you do not, do not add another one. — PolitiTweet.org
Harry Stebbings @HarryStebbings
@separmeen Often stick doing the same thing for many years and own it. — PolitiTweet.org
Harry Stebbings @HarryStebbings
Biggest mistakes founders make: They add a 2nd product before first has PMF. Don't do this unless there are insane benefits to the first. Get PMF with the first, dominate the space, then select the next ancillary product which strengthens the first. Slow to go fast. — PolitiTweet.org
Harry Stebbings @HarryStebbings
Tomorrow we release an absolutely š„ episode with @brian_armstrong @coinbase on: What makes this crypto winter different to the rest? The Coinbase NFT Launch, the politicisation of leadership. Real vs fake emergencies And so much moreā¦ š š https://t.co/4GSeus23pC — PolitiTweet.org
Harry Stebbings @HarryStebbings
@TurnerNovak @elonmusk Good one! — PolitiTweet.org
Harry Stebbings @HarryStebbings
People often if I have as much energy as I seem to exude: Simple, yes. Tomorrow: I release a 20VC with @brian_armstrong @coinbase Fight to win the right to invest in an incredible founder. Record an awesome 20VC with @sujayjaswa and Jeffrey Katzenberg. So yes! š — PolitiTweet.org
Harry Stebbings @HarryStebbings
@hirstys I believe putting in place structure and standards of what is expected, if done right, allow you to move faster, with more direction and better communication. So agreed on speed, I just think you get there through my approach. — PolitiTweet.org
Harry Stebbings @HarryStebbings
@chadbyers Some really hot pics of you on a surf board would be nice bro! Show us them muscles! š„ — PolitiTweet.org
Harry Stebbings @HarryStebbings
@vitalygordon Haha that is so kind my friend, I am lucky to have such amazing guests and with you, they were amazing. Gustav also was such a special one! Always ping me and always here to help! — PolitiTweet.org
Harry Stebbings @HarryStebbings
@vitalygordon You know what Vitaly, we agree to disagree. I look forward to you coming to London, it would be wonderful to meet in person and mojitos on me when you do! — PolitiTweet.org
Harry Stebbings @HarryStebbings
@DavidDeCitron @vitalygordon David when it comes to people and Org, is there a difference to you between running a SaaS company and a normal company? š¤ — PolitiTweet.org
Harry Stebbings @HarryStebbings
@vitalygordon Well letās break this down; You mention ālaunch processā, you shouldnāt have a clear & articulate plan around your launch? Maybe wrong but no plan? Doing things that donāt scale: going to customers 1-1 & painstakingly gain each user? You should have process to test & measure? — PolitiTweet.org
Harry Stebbings @HarryStebbings
@vitalygordon I am not sure where the āperfectionistā came from. It is not about being a perfectionist, it is about setting a standard for what is expected and holding people accountable to a high standard. Thatās not perfectionism, thatās a well run company. — PolitiTweet.org
