One of the most canonical pieces of knowledge in startup land is an adage from a 2007 post by Marc Andreessen. What makes for a successful startup? Product, team or market? He concludes that Market Always Wins.
Its similar to another aphorism I like. “The market can remain irrational longer than you can remain solvent” I think of them both as Newcomb’s Paradox explainers. In an irrational world, it is irrational to behave rationally. Sometimes bad shit made by bad people has a market. Sometimes good shit made by good people doesn’t have a market.
I am always interested in different flavors of the cold hard reality that if no one wants to buy what you are selling nothing else matters. You can have a great product and be absolutely brilliant but it won’t matter if nobody wants the thing.
And this is all on my mind because I don’t think anyone wants to pay for Twitter Blue The great Blue Check removal has happened and it’s not going great.
The sheer copium of the arguments being made for the value of the blue check to users astounds me. For reasons I assume have to do with emotional insecurities, the blue check came to represent something about status. But it was always a feature that was valuable to Twitter the company but not strictly speaking Twitter’s users. Twitter was a cool place to be because lots of verified cool people would talk to each other. You got to occasionally talk to them and you knew it was the real deal. This made Twitter valuable. I don’t know why this is so hard to grasp.