Hi. I translated it into Japanese.https://note.com/tokyojack/n/n5a8b6e08cc4f …
In 2012, at the end of "Startup = Growth" (http://paulgraham.com/growth.html ), I had to explain why buying Instagram was not a stupid move that Zuck was forced into by his board, as some people were saying at the time.pic.twitter.com/QzQZ576aBP
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As I recall, people thought it was a stupid move because many of us thought $1 Billion was way too much for IG (and boy was I dead wrong on that). I don't recall anyone thinking anyone "forced" him to do anything (perhaps some were saying this and I missed it)
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Crazy to go from $1b is a lot to $50b is not a lot and multiple trillion-dollar companies within a decade
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It’s b/c people don’t understand human behavior. There’s an internal self & an external self. They resonate in a dissonance causing struggle that can be alleviated when ppl can “safely” display their inner self externally. Media, like
#Instagram allowed this, thus their value. - Show replies
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He knew so well what he was doing. What a smart guy!pic.twitter.com/7iyEhWGokF
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And at the same time, talking to you 1y later on this YC video, min 32 https://youtu.be/MGsalg2f9js?t=1929 … 'worry about clones because if they get network effects before you, that's a PITA, not so much about strategic competitors doing something similar'
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Also would like to add to your point, without Facebook’s resources and infrastructure, Instagram wouldn’t like have achieved the growth it did that quickly.
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This was such a great essay to read before the YC interview I just had. Great re-framing and putting things in to the bigger picture. Thanks!
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