Episode
#162 - Why Clubhouse Will Fail
52:37
Published: Fri Mar 19 2021
Description
Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ --------- --------- Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) discuss: 0:45 Shaan breaks down why and how Clubhouse will fail (although he wishes it won't) 17:10 How to go viral and also improve your writing 27:07 How to win (and make millions) in the content game 36:22 How 'The Hustle' finds its talent 38:44 A simple startup idea with huge potential 50:38 How Shaan's tweet became a meme --------- --------- Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas. Editing thanks to Jonathan Gallegos (@jjonthan)
Chapters
The speaker believes that despite current hype, Clubhouse will ultimately fail in the long run.
00:00 - 01:45 (01:45)
Summary
The speaker believes that despite current hype, Clubhouse will ultimately fail in the long run.
Episode#162 - Why Clubhouse Will Fail
PodcastMy First Million
A famous director's storytelling abilities were praised for being amazing, even though some people thought a Twitter thread was going to flop due to nothing happening quickly.
01:45 - 04:11 (02:26)
Summary
A famous director's storytelling abilities were praised for being amazing, even though some people thought a Twitter thread was going to flop due to nothing happening quickly.
Episode#162 - Why Clubhouse Will Fail
PodcastMy First Million
The guest on this podcast talks about how Twitter's platform has expanded to include NBA players and famous musicians and how the platform's growth goes against conventional advice.
04:12 - 08:03 (03:51)
Summary
The guest on this podcast talks about how Twitter's platform has expanded to include NBA players and famous musicians and how the platform's growth goes against conventional advice.
Episode#162 - Why Clubhouse Will Fail
PodcastMy First Million
Social media apps have an "interestingness problem," where only a small portion of content is deemed "interesting" enough to promote and gain traction, leading to a saturation of low-quality content online.
08:03 - 11:14 (03:10)
Summary
Social media apps have an "interestingness problem," where only a small portion of content is deemed "interesting" enough to promote and gain traction, leading to a saturation of low-quality content online.
Episode#162 - Why Clubhouse Will Fail
PodcastMy First Million
The use of live streaming platforms like Clubhouse can attract a large audience, but it also creates issues when it comes to the core value of a podcast.
11:14 - 14:26 (03:11)
Summary
The use of live streaming platforms like Clubhouse can attract a large audience, but it also creates issues when it comes to the core value of a podcast. The temptation to focus on live streaming may detract from the pre-recorded content and cause conflicts between creators and viewers.
Episode#162 - Why Clubhouse Will Fail
PodcastMy First Million
The host discusses the success stories of people who had a great experience on Club S, including meeting notable figures and connecting with other professionals in the tech world, while a brief ad for the Side Hustle Pro Podcast interrupts the discussion.
14:26 - 19:20 (04:54)
Summary
The host discusses the success stories of people who had a great experience on Club S, including meeting notable figures and connecting with other professionals in the tech world, while a brief ad for the Side Hustle Pro Podcast interrupts the discussion.
Episode#162 - Why Clubhouse Will Fail
PodcastMy First Million
This podcast episode explores the science behind not finishing difficult tasks and how it can lead to creative breakthroughs and epiphanies.
19:21 - 21:44 (02:23)
Summary
This podcast episode explores the science behind not finishing difficult tasks and how it can lead to creative breakthroughs and epiphanies.
Episode#162 - Why Clubhouse Will Fail
PodcastMy First Million
The speaker expresses interest in the study of psychology behind people's actions and emotions, describing a subtle yet intriguing moment of recognition in someone else's struggle.
21:44 - 24:43 (02:59)
Summary
The speaker expresses interest in the study of psychology behind people's actions and emotions, describing a subtle yet intriguing moment of recognition in someone else's struggle.
Episode#162 - Why Clubhouse Will Fail
PodcastMy First Million
The speaker discusses the practice of some individuals having unconventional surnames for the purpose of being easily searchable on Google.
24:44 - 28:16 (03:31)
Summary
The speaker discusses the practice of some individuals having unconventional surnames for the purpose of being easily searchable on Google. They also explain the limitations of OCR technology when attempting to translate printed text to digital format.
Episode#162 - Why Clubhouse Will Fail
PodcastMy First Million
The company's sales tactics involve selling a $49 product followed by a $2000 one.
28:16 - 31:32 (03:16)
Summary
The company's sales tactics involve selling a $49 product followed by a $2000 one. They also mention getting 10 million from a failed SPAC attempt.
Episode#162 - Why Clubhouse Will Fail
PodcastMy First Million
The speaker discusses the strategy of creating a subcategory for trends and offering a paid newsletter for a higher price point to get more revenue from fewer subscribers.
31:32 - 34:42 (03:09)
Summary
The speaker discusses the strategy of creating a subcategory for trends and offering a paid newsletter for a higher price point to get more revenue from fewer subscribers.
Episode#162 - Why Clubhouse Will Fail
PodcastMy First Million
Building a successful business requires discipline and rigor, but it is relatively easier than becoming a crossfit champion.
34:42 - 37:24 (02:42)
Summary
Building a successful business requires discipline and rigor, but it is relatively easier than becoming a crossfit champion. By avoiding carbs and sugars and consuming fewer calories than you burn, you can achieve a lean physique.
Episode#162 - Why Clubhouse Will Fail
PodcastMy First Million
The problem with building a team is that sometimes people don't mesh well together or it just isn't a good fit.
37:25 - 40:55 (03:30)
Summary
The problem with building a team is that sometimes people don't mesh well together or it just isn't a good fit. However, there might be a new solution for team building.
Episode#162 - Why Clubhouse Will Fail
PodcastMy First Million
Team Rotary is a company backed by well-known advisors which provides team-building services to companies at a lower cost compared to expensive traditional methods.
40:55 - 43:00 (02:04)
Summary
Team Rotary is a company backed by well-known advisors which provides team-building services to companies at a lower cost compared to expensive traditional methods.
Episode#162 - Why Clubhouse Will Fail
PodcastMy First Million
Late Checkout is a learning studio that offers a unique way of learning through virtual escape rooms, wardrobes makeovers, and improv classes with comedians over Zoom.
43:01 - 45:00 (01:59)
Summary
Late Checkout is a learning studio that offers a unique way of learning through virtual escape rooms, wardrobes makeovers, and improv classes with comedians over Zoom.
Episode#162 - Why Clubhouse Will Fail
PodcastMy First Million
The speaker suggests two ways to identify spending habits; one is checking categories in trailing 12 months and the other is looking at budget line items that are consistently growing each year.
45:00 - 47:28 (02:27)
Summary
The speaker suggests two ways to identify spending habits; one is checking categories in trailing 12 months and the other is looking at budget line items that are consistently growing each year.
Episode#162 - Why Clubhouse Will Fail
PodcastMy First Million
The number of app downloads can serve as an interesting signal for companies to use at a divisional or individual level.
47:28 - 49:57 (02:28)
Summary
The number of app downloads can serve as an interesting signal for companies to use at a divisional or individual level. Major brands such as Procter and Gamble already consider this method, while China has a multitude of super apps like WeChat.
Episode#162 - Why Clubhouse Will Fail
PodcastMy First Million
A former social media worker shares the unglamorous side of the job, including mundane tasks like reviewing photos and creating memes.
49:57 - 53:40 (03:43)
Summary
A former social media worker shares the unglamorous side of the job, including mundane tasks like reviewing photos and creating memes.