WEBVTT

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I'm not going to convince you, you're not going to convince me. We will just become even more convinced in our own righteousness and also convinced that the other party is a jerk. On the specific thing I disagree.

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And I'm going to be a friend you will hear from my life now. Hello, welcome to episode 45 of the Metacast Podcast. This is Arnab. And this is Ilya. And in the Metacast Podcast we talk about the journey of our

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startup, the Metacast app. Today in this episode we're going to talk about different product development methodologies. We're specifically going to talk about Lego Block style of building products versus model airplane style of building products. And of course towards the end we're also going to talk about what Ilya and I are listening to.

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So let's get started Ilya. What's this Lego blocks and model airplanes? Lego blocks is an approach when your software can do a lot of different things. It's how you're configurable. So think about it like an Android phone. You can configure every small thing in there. And then you can create a custom experience. That's what Android users tell me that they don't like about iPhone is that iPhone by design is not a Lego block. It's a model airplane kit where it gives you an opinion.

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So in opinion, it's set of settings and defaults. And this is the only way it fits together. Yeah, Apple's way is the only right way to do things on an iPhone, which works for 99% of users who use iPhones. Yeah, everybody else just goes in uses Android because they want that extra configurability.

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So they are functional because on one hand if you do a Lego block approach, then you basically tell your user that we trust you the user to do whatever is right for you from the pieces that we give you right from the platform components if you like.

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But not only trust you, we also require you usually to figure out how to compose these pieces together and come up with something that works for you.

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Yeah, whereas a model airplanes is like take it to leave it. Let's just how do you think things should be done. And you have no choice what your choice is to go elsewhere. What type of person are you? Are you the Lego blocks person or the model airplanes person?

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I think when it comes to different products, I prefer different things. So for a phone, I definitely prefer the iPhone experience. I have switched to Android in the past and spent maybe four or five years on it and then come back again.

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But that was purely because Android for a while was where I had a iPhone in terms of a lot of features. And I was always like, whoa, this is there. This is there and that's there. But eventually the whole configurability did catch up to me where it's like too much to think through.

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Whereas the iPhone maybe legs behind in terms of like cutting as features, but the things that are there are polished and it works because it's been built for a specific kind of use case in my.

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Yeah, I'm kind of imagining the night key logo with this logo and it just works.

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So why are we talking about this today? Because when we started building medacas, I think very early on that was one of the things we were wondering about without going too much into the details or into the future.

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We do have like in our possible amount of things we could do in the podcasting space that interests us as a company. There is the app that we're starting to work on, which is a consumer product.

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There are also products or tools for like creators, podcasters. There's also like various other things that we've found or do. And eventually we decided to start with this.

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Yeah, I feel like both of us kind of like the model airplanes when it comes to consumer products. So things that just work.

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Opinionated simple. I think simplicity is a big thing for both you and me.

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Yeah, there's actually a very good book by Ken Sigal, I think his name is.

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Oh yeah, insanely simple.

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Insanely simple? Yes, that's the book about Apple. And I really like the point that he makes there that simplicity is actually very hard.

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It's easy to make things complicated, but it is very hard to make things simple. And even as we're building the podcast app, we are kind of rethinking what podcasts experience could be from the ground up.

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But also obviously, we need to have the features that other apps have so that users can seamlessly transition from what they use, even though we try to innovate and improve those experiences as well.

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And I think if you have discussions that we had, you and I had, or should this be configurable?

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Or should the same default be just good enough? I think you have a tendency to be more like, let's make it a configuration.

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And I'm like, if it doesn't work for 10% of the users, well, we can just go elsewhere.

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Or we can eventually make it configurable because I feel like we are converging towards that approach where we just have a simpler experience that's sort of opinionated for most part.

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And it depends on now our own kind of taste and the things that we've heard from users.

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And one of the revelations for both of us that we had when we were doing some user research, we were talking to about 10 users or so in a few months ago.

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And none of them used their podcasting apps the same way. They were all doing little different things differently.

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That was like, wow, how do we satisfy all of those use cases? And I think that's when it may be tempting to become a LEGO block company or a LEGO block product.

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Everybody can use it.

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Yeah, these 10 different use cases. So we need to add these 10 different things and 10 different settings.

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And then, well, guess what? It doesn't work for anyone because people just can't figure it out because it's too complicated.

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Because there's a difference between complex and complicated. I really like that distinction. Our app is complex. Like the backend and all that.

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Complex, but it's the internals. The user shouldn't have to see your care about it.

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Exactly. Yes. But it's possible to make anything complicated. It means it's not very well thought through.

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There are many ways to do the same thing.

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Yeah, a good example is AWS, which is actually both complex and complicated.

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But the complicated part of AWS is like, what I was living three years ago, it was 170 services. Now it's probably over 200.

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And they keep invading the new names. I was looking at LinkedIn this morning.

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And there was Adam C. Lipsky talking about party rock built on the top of Amazon bad rock.

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I don't know what bad rock is. But it sounds like I'm supposed to know.

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When I joined AWS in 2015, you were there already for a couple of years by the time. The team we were on, AWS console team, was about 30 people, maybe 20 people.

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It was a very small team. The whole team, including engineers, PMs, TPMs and managers, right? And our JVL manager.

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And I think there were two product managers, the three engineering teams, one TPM.

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When I started the whole AWS developer experience, which is console and SDK and tools and CLI and the websites, that was all like about 10 people.

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So I don't know around 2015 when you joined. I don't remember what the state was, but I think you're right about 10 people for the console platform side with like two PMs.

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Now there were about, I think 20 engineers by the time I joined just for the console, the other tools was already a separate team separate org.

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But it was really cool talking to our boss Craig who actually started the console.

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And it was like one team was building the UI for the entire AWS.

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Had this tab experience with like five or six services in there like S3 EC2 and others.

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Then AWS was growing too rapidly, too many new services were coming up. So they had to like kind of platformize all that.

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And then they created a new UI with like a list of services. And then at least two large, then they became a grid of services.

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And then that grid of services became a scrawlable grid of services. And that like wouldn't fit even the large screen.

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And then they added those groups of services. Then they had to add search. And it's almost impossible to find anything right now if you don't know what you're looking for.

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Especially that there are multiple services that do the same thing just slightly differently like EC2 and light sale, fargate and lambda.

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You look at this and you're like how do I choose between the two. And this is what makes it complicated. So it's not just complex.

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So actually I wonder, think about this right. It will start as a very simple Lego block experience.

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Yes, like EC2 and S3. But then it became almost like every Lego block is a model layer play.

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So I think there is the bedrock. If you the bedrock of AWS Lego blocks the EC2s S3s lambda and all that.

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And then now as the years have progressed and the customers of AWS have requested the one thing great in AWS is they don't build anything without actually talking to customers and validating that there is a need for something like this.

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Right. Like you don't just build and throw away things. Is this how they build Firefox. That's not AWS. See that's Amazon.

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True. AWS I feel like that culture is very much there where you do try to validate with customer.

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Earlier as customer demand appetite grew for higher and higher function services. So the bedrock EC2s and S3s and all that is not.

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I also want a Sage maker. You'll have to tell what Sage maker is to already snorkese and to me as well.

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It's a way to like build and find you and run your machine learning models on AWS. Everything in AWS you could of course do it yourself in EC2.

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You could run your own database, but you could also use the managed database products that AWS. So over time I think we see this growth of managed services on top of the bedrock services.

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Which is fine, but like you said, it has become complicated because there is a whole like insane amount of services available.

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Which is not necessarily a bad thing for AWS. It is bad for the starting up user who doesn't know what AWS.

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It's a steep learning curve to like figure out what are all the things possible here. What should I use?

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I think you brought up a very good point as to why this happens. Customers ask for things and write different teams responsible for those different products.

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Let's say AWS created LightSale, which is a simplified version of EC2. Very, very simplified version.

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It's almost like a shim on the top of EC2 that just has a few knobs, whereas EC2 has probably hundreds of knobs.

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But then a customer is like, I really like LightSale, but I want this thing that EC2 has. EC2 is too complex for me, but this thing is just right.

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But I need that one thing. And then the other customer needs another thing. And then if product managers say yes to everything, then you end up building a clone of EC2 under a different name.

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I think LAMD is probably a good example here, because I think you can run your own containers there. And then how is it similar or different from Fargate or ECS?

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I am a big fan of LAMD but I do agree recently it has gotten very close to what Fargate is or what ECS is.

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And all these products, at this point you almost need a guide that gives you a framework of like, I want this performance and I want this kind of availability, so I should go look at this one.

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Which is a complex framework for every decision to come up with.

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Yeah, I wonder is this inevitable for platforms like AWS to become this kind of bloated, complicated.

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What I am imagining is like, so we've got lots and lots of LEGO sets, which my son used to do, but he doesn't do them anymore.

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So we have like, I don't know how many God knows how many boxes of those semi broken LEGO sets we have. And my younger son every now and then we just take them and just in huge just like spread those LEGOs all over the floor.

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And you just have this massive LEGOs all over the legroom that if you step in them and it hurts, they all different colors.

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You look at this and like, what do I do with this? It's so chaotic. So that's how I imagine it.

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Yes, in some way, like to somebody who was a coming there completely new, you'd be like, how do you make a decision as to what to use.

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And actually, I think it might be easy if you are a small company. If you build a startup, you just pick two or three services, you just build on them.

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But if you are coming from a legacy environment where you have a bunch of stuff and you probably need to use 10 to 20 different services and you have scale where cost makes a difference performance makes a difference.

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But also cost and performance will depend on the interaction between the things.

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And I think this is where a good solution architect kind of role comes in. That's where AWS has invested quite a lot, right?

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Because it has gotten quite complicated in choosing how to use it and not just what to use, but how to use it.

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There's a lot of configuration and choices available. So ultimately you throw people into the problem.

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I think because these decisions are such case to case specific, the framework that I talked about, let's say like I want less than five millisecond latency.

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And I wanted for 99.9999% of my requests coming in. Then maybe lambda is not a good choice because you can't guarantee that if you want that guarantee.

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But you're sacrificing by not using lambda, you're sacrificing something else and it's going to cost you more to build that solution.

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But making these decisions are so product and each use case specific, then I do think right now you definitely need a human in the loop to come up with that.

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Do you know of any good examples of companies that started simple and remained simple while actually becoming big?

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Not Google.

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Based on our recent experiences with like Google workspaces and all that, it's beautiful. It is pretty simple.

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If things go well, it's when things break. It's like, oh my god, it's insane. Yeah.

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I don't know good examples. However, I do think AWS and Google have avoided a typical pitfall that you tend to see in platforms, which is you build a platform.

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You start to get good customers and big paying customers with a strong voice and you start to customize your offering for those customers.

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And before you know it, it's five years down the line and you are actually offering like 10 flavors of the same product.

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And I feel like AWS has done a great job of not going into that pitfall because this is a bit before my time.

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But if you remember, Amazon used to actually host e-commerce websites for other retailers.

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Oh, no idea.

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Yeah, like target.com was actually built by Amazon. It was called m.com and it was a big deal. But each of those was a specialized thing.

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And eventually everybody figured out that this is not going to work out. It's not going to scale up.

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It's kind of a tangential topic. I used to have a service business when I was very young, like 20 years ago.

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So yeah, we were building websites and custom software for people. I hated doing that.

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There is something about that kind of consulting work where you are doing custom things.

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And then the next project you have is similar to the previous one, but slightly different.

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And you just keep doing the same thing, but a bit differently. It drove me insane. It's a point.

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And I'm like, I just can't do it anymore. I want to do a product that is standardized.

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And actually, maybe that's where those like blocks come from, right?

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You can't build a custom thing for every customer that wants it, complex website, for example. So you give them building blocks that they can use to build with themselves.

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Or other companies can recombine those building blocks into a website.

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But inevitably you have to offer configuration. And I think that probably makes sense for these platform offerings, especially tools that a developer will use to build services with, like AWS or Google Cloud.

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Configurability. So if you want to meet the needs of different types of customers, you have to give them configurability.

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Yeah, where do you draw the line of what's too much configurability versus what's acceptable configurability?

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And I'm thinking about services like maybe Squarespace, Shopify, WordPress, where it all started as like, just click a few buttons and it just works.

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And you're done. And now it's like, I think Shopify has like its own language that you use to define templates.

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It's probably based on some other language, but it's like language that I've not seen before. It's like a common industry use thing.

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WordPress has also this plugins that you have to code up yourself.

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And then you look at those services and you're like, I want to do just a little bit more than what they allow.

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But then you have to learn all of that extra stuff. At some point, it might feel like, oh, it's just easier to treat myself on something like AWS.

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Then she's like, it'll be a little bit of a proprietary stuff that they offer.

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So I think what you're getting to and what you started with is, can we think of a thing that started as super simple, has grown, but has stayed simple.

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And in some ways, I feel like Apple ecosystem meets that definition.

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Even products built by Apple. Yes, they all work with each other. It has grown in terms of complexity and what complicated, right?

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In terms of complexity, there's a significant more complexity than the initial iPhone today.

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Your iPhone seamlessly works with your watch, with your iPad and your MacBook.

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They're all Apple products, of course. And maybe that's why they're continuing to keep it simple.

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But this, like, I can copy things on my phone and paste it on my MacBook and I can do the other way or I can use the camera without any like physical link between the devices.

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Or I can swipe like one app from one device to the other one. These things are complex to build, but they're not complicated user experience rights.

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Apple's products though are very underwhelming. Most of the specific apps, like Apple notes or Apple mail, Apple podcasts, they are very minimal to the point that they're very usable in my opinion.

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Like Apple mail, it doesn't integrate with Gmail enough. I don't like Apple mail. I like how it looks. It's like nice and minimal until you want to do like labels and other stuff that you can do in Gmail and it just doesn't support that Apple calendar is the same way.

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Actually, Apple notes, I use just for one specific thing. We have a shared shopping list with my wife, which works like magic. Actually, the reason why I like it over what I use over bear is when you check an item in Apple notes, it moves to the bottom.

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And if you uncheck it, it moves back up. So that's the only reason why I use Apple notes. Otherwise, I feel like it's in a very underwhelming piece of software. Apple podcasts are the interesting one.

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They've improved it over time. But then they start adding a lot of discovery features and stuff. Yes, our app was down because Firebase was down. And I went to Apple Podcast and like maybe I should find something to listen to Apple Podcasts. And I just got so overwhelmed by the chaos that I saw there.

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It was very much so an Apple in my opinion.

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That's in terms of content, which is a big part of the user experience, for sure. I mean, Apple Podcasts is a software for presenting you with somebody else's content.

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Yes. But in terms of the flows and all, there's still it's very minimal. You can't create your playlist or like you can do much there.

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There's not much here. Yeah, yeah. So you mentioned bear and Apple notes. There's also we want to talk about I think in this specific Lego blocks versus model airplanes. The Lego blocks here is notion.

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Oh my gosh. Yes. It's a database and a note picking up and like a spreadsheet and it's everything. People love it. I can say many people love it. I'm not one of them.

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I used it quite a lot for a while. And I think eventually what you said that the specific thing was the fact that ultimately we are using this as a document archive.

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That's what we're using notion for. But it makes text editing very cumbersome because everything is like a block. And that kind of I eventually felt that I feel like as a very flexible database kind of thing.

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Like if you want to build your own to do list or you want to build your own, let's say library of books that you've read in your life. Those kind of things. It's really good. Right.

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Custom forms. You enter something into the form. It's very easy to use. And it goes into a database. Now you can search through all that filter. All that's great.

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A note taking or document writing app. It's not very good. Like as a wiki for your company. I don't think it's a very good product. Yeah. So it's more like an organizing tool for a person's life. So to speak.

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It could be for a company also. It's a structured data. Like it could be your CRM tool. I feel like for a startup. You want to keep track of your customers or leads or things like that.

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And you don't want to set up like a sales force or pay for all that. It's a very simple tool and yet very customizable. And it has all the bells and whistles you could need for like filtering slicing, dicing data like you would in a database while not having to do all of that work.

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And you would need to create those experiences for yourself using the building blocks that notion provides or using templates that it provides to you.

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And the alternative is you can pay for specialized tool like sales force, for example, or like a note taking up or Google docs. I mean, the writing in notion is just horrendous in my opinion because of the blocks problem because you can select text with keyboard or across multiple blocks.

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That's what killed it for me.

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What finally dawned on me and I think this is what you probably struggled with is because it adds mechanical disruptions to the act of writing because you have to think about blocks and structuring and all that.

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It takes away from this. This is a sheet of paper. And I just want to write and I'll figure about the formatting and all that later on.

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I found that very difficult to do in notion because just the product itself would force me to think about the structure of the document and bolding something or not or creating sections and all that first before I actually start writing.

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Whereas when I'm writing on a piece of paper, rough notes, that's not how I do it. I just write down whatever. And then I figured out, okay, how do I want to structure this?

00:23:21.839 --> 00:23:33.839
It's interesting. It's when the document, I mean, the software enforces a process on you and it doesn't do it explicitly. It does it implicitly just because of the way the interaction is designed.

00:23:33.839 --> 00:23:43.839
It's interesting. I noticed that in Google docs as well about a year ago, I think Google docs introduced page less mode where you can switch between paginated document versus page less.

00:23:43.839 --> 00:23:56.839
Actually, I think we saw that even when we were at Amazon, we were using quip. They remember quip. Actually, it's a good example of a opinion tool. A Salesforce body, I think Salesforce can abandon it from understanding.

00:23:56.839 --> 00:24:05.839
It's just very simple document experience. You just type text in there. There is no way to change funds. There is no way to change funds. You can change the theme for the entire document.

00:24:05.839 --> 00:24:19.839
But all you have is normal text, heading one, heading two, heading three, I think that's all you have. And like, bold in italics, but you can't use different funds. You can't align text in different ways. You can't insert tabs. None of that exists. That exists in word.

00:24:19.839 --> 00:24:23.839
In a way, word or Google docs, they are like a Lego blocks, right?

00:24:23.839 --> 00:24:30.839
Microsoft word for sure. Yeah. There are some macros and stuff there. Word is one of the most amazing pieces of software, I think.

00:24:30.839 --> 00:24:37.839
Because they've managed to introduce all of that stuff while still keeping that blank sheet experience, like you said, the paper experience.

00:24:37.839 --> 00:24:50.839
Actually, that might be a good example of the thing that you ask. That has become super complex, has many offerings. But yet, if you want to get started with it, it's a simple, I can type things in it and be done.

00:24:50.839 --> 00:25:06.839
Yeah, actually, the interesting thing about word is that for the basics, it's all just right in your face, all of those buttons for like bolding text and all that. Actually, Microsoft might have set these standards for this, even with the first Microsoft Office, whenever it came out.

00:25:06.839 --> 00:25:21.839
Perfect, I think it was a software which Microsoft, I think, acquired at some point. But then if you want to do something complex, it's all available. But then you have to work to get it out of that complexity pit that it has. Actually, that's why they created Clippy.

00:25:21.839 --> 00:25:33.839
I listened to that interview with Steven Snuffsky, I think. But I may be wrong. So that guy was the person who was the VP of Microsoft Office when they introduced Microsoft Office 95 that had Clippy.

00:25:33.839 --> 00:25:43.839
There was a two-part episode where he was talking about some people who were asking for a lot of new features for word, which were already available in the product. And it just couldn't find them.

00:25:43.839 --> 00:25:49.839
And yeah, they didn't think of anything better, but introduced an artificial intelligence agent in 1995.

00:25:49.839 --> 00:26:00.839
Well, before it's time, I think in today's world, like with chat GPT or Bard, that's an excellent thing, right? This is a typical use case. Like, how do I do this in word? And it will tell you exactly.

00:26:00.839 --> 00:26:07.839
Well, I guess what Microsoft is doing this again with OpenAI, right? So yeah, the Clippy was very artificial and that was very intelligent.

00:26:07.839 --> 00:26:16.839
It was also interruptive. It wasn't a thing where you went to it and asked for it. It would interrupt and say, hey, it looks like you're writing a letter to your mom.

00:26:16.839 --> 00:26:18.839
So let's me help you with that.

00:26:18.839 --> 00:26:21.839
And you're like, look at it like a cash legend and stretch sheets.

00:26:21.839 --> 00:26:29.839
Yeah, but I think that the three don't do me. Then when I was listening to this podcast is how complex products are just difficult to use.

00:26:29.839 --> 00:26:35.839
And people just can't find features that you think, all we add this, we add that. And then nobody can find this.

00:26:35.839 --> 00:26:41.839
Even though they need it, like, how do you make the discovery more easy? And that's probably a problem with Lego blocks.

00:26:41.839 --> 00:26:52.839
Actually, the interesting thing about Lego blocks, right? When we say Lego blocks, we actually mean like a bunch of Lego blocks spread over the floor that you can use to build anything.

00:26:52.839 --> 00:26:56.839
Whereas actually, if you buy a Lego kit, it's a guided experience. It is a kit.

00:26:56.839 --> 00:27:02.839
It's a step by step. And you come out with an airplane or something at the end, right?

00:27:02.839 --> 00:27:06.839
But then you can break it and build a car from the same parts if you want to.

00:27:06.839 --> 00:27:10.839
So Lego actually does both things. Lego is a company.

00:27:10.839 --> 00:27:23.839
One thing I'll go back to is a specific example of Lego blocks versus model airplanes that we were talking about a few days ago for Metacas was the playlist experience we want.

00:27:23.839 --> 00:27:32.839
I think there are tools available that allow you to create your custom playlist with lots of different settings anyway you like.

00:27:32.839 --> 00:27:41.839
And there are tools like Apple podcasts that don't have playlists. You just pick an episode and listen and be done with it, right? Thank you.

00:27:41.839 --> 00:27:49.839
So we were trying to do something in the middle. And this is the discussion we had. Like, should we have custom playlists? If so, what would be the user experience?

00:27:49.839 --> 00:27:57.839
And I think eventually we fell back on keeping it simple. There's going to be just one listen later default playlist.

00:27:57.839 --> 00:28:06.839
Yeah, it's like your queue of episodes you want to listen to after this one. And you curated yourself. It's pre-created for you. You don't have to create it.

00:28:06.839 --> 00:28:14.839
You don't have to figure out how where to go to create a playlist and all that. And later on if we need to, we can still introduce custom playlists.

00:28:14.839 --> 00:28:23.839
And we believe that not many people are actually going to use the playlist itself. Forget about like creating custom playlists.

00:28:23.839 --> 00:28:30.839
Yeah, it's always a question like, who do you optimize for? It's an interesting question because for a small company, let's say like overcast, right?

00:28:30.839 --> 00:28:41.839
Build by one person. I think they charge like 10 bucks a year. It's a very cheap app. It has all of these sophisticated features like those custom playlists and custom RSS feeds and all that stuff.

00:28:41.839 --> 00:28:49.839
That's probably a very small percentage of podcasts listeners value. But because this is a one person company, it doesn't have to be billion dollar company.

00:28:49.839 --> 00:28:55.839
Whereas for us, we are three person companies, so we probably need to be bigger just to be able to pay ourselves, right?

00:28:55.839 --> 00:29:02.839
But but also like we'll talk more about that when we launch, but our value prop is such that we need to have a lot of users.

00:29:02.839 --> 00:29:11.839
We don't need to have 50% market share, but something on order of like, I would say 2 to 5% market share. This initially, it's kind of this feed spot where it's like a lot of money.

00:29:11.839 --> 00:29:16.839
But at the same time, it's a lot of usage because we have a beautiful network effect in our app.

00:29:16.839 --> 00:29:20.839
Not another network effect. It's more like economy of scale. A heavy bit of an economy of scale.

00:29:20.839 --> 00:29:29.839
I think we could easily survive on like half or 1% even given that at least 5% of our users are like paying customers.

00:29:29.839 --> 00:29:42.839
However, at 2 to 5% yes, that vision that we have becoming the Google for podcasts or Wikipedia for podcasts that becomes real.

00:29:42.839 --> 00:29:48.839
Yes, because then we will have enough revenue to support the infrastructure that investment for this.

00:29:48.839 --> 00:29:55.839
So yeah, whereas if you take Google or Apple, they need freaking 30% share to justify anything because of their scale.

00:29:55.839 --> 00:30:01.839
For example, Google is killing the Google podcast app, which has how many million users?

00:30:01.839 --> 00:30:04.839
I forgot the number but millions. Yeah, a lot.

00:30:04.839 --> 00:30:08.839
Yeah, and they're trying to make people move to YouTube music podcasts.

00:30:08.839 --> 00:30:10.839
It's like blow to wear.

00:30:10.839 --> 00:30:16.839
Which is following Spotify basically. It's like Spotify has music and it has podcasts. So let's do it.

00:30:16.839 --> 00:30:21.839
Yeah, like music and audio books and I don't know, they probably add like audio messages there because it's also audio.

00:30:21.839 --> 00:30:25.839
Why would you go for audio anywhere else? Which is the reason everything is Spotify.

00:30:25.839 --> 00:30:30.839
There is a trend to go for these super apps for sure.

00:30:30.839 --> 00:30:37.839
It's also actually cultural, right? So perhaps emerged in Asia but never really caught in the US or Western Europe.

00:30:37.839 --> 00:30:41.839
No, actually I don't know any super app that is successful here.

00:30:41.839 --> 00:30:45.839
We talked a lot about all of these products but I don't think we've come up really with principles.

00:30:45.839 --> 00:30:49.839
Maybe that's what we should try to do. Like how do you make the decision? Let's say you're starting a company.

00:30:49.839 --> 00:30:56.839
How do you make a decision? Are you a legable company or are you a airplane model kit company?

00:30:56.839 --> 00:31:02.839
I'll give you my instinct, my answer for it. I think every person is probably going to have a slightly different answer.

00:31:02.839 --> 00:31:06.839
I thought you were going to say every person's going to agree with you.

00:31:06.839 --> 00:31:10.839
Every person is going to have their own Lego blocks to answer this question.

00:31:10.839 --> 00:31:20.839
But as a new company, especially if it's a small company, I don't think it's a good idea to go build a platform.

00:31:20.839 --> 00:31:28.839
Because you don't really know what you're building for and you're probably going to end up with trying to build everything all at the same time.

00:31:28.839 --> 00:31:34.839
For a small company, what's most important is to figure out, is there a need for this product?

00:31:34.839 --> 00:31:42.839
And is there a specific, maybe niche even set up customers who are excited by this, delighted by this product?

00:31:42.839 --> 00:31:48.839
If so, then you can start to build on that. But you need to arrive at that first.

00:31:48.839 --> 00:31:51.839
Yeah, I wonder if venture capital plays are all here as well.

00:31:51.839 --> 00:31:56.839
Because you could build a product like bear for example. And just be totally COVID.

00:31:56.839 --> 00:32:02.839
Whatever market share it has, probably very small. But it's very much loved by markdown people.

00:32:02.839 --> 00:32:07.839
Whereas if you have hundreds of millions of funding, you just have to expand.

00:32:07.839 --> 00:32:12.839
And then you start building a platform just because you have to justify growth at all costs.

00:32:12.839 --> 00:32:22.839
Yeah, but typically venture capital for this kind of a thing would not even come through until you start to see some success or at least in today's world.

00:32:22.839 --> 00:32:31.839
Like three years ago, yeah, maybe just based on your name or whatever you've done in the past, you could like a humongous ton of money and go build a team and build something.

00:32:31.839 --> 00:32:40.839
But the point about trying to validate what you're building is true regardless of the size of what you're kind of build for that.

00:32:40.839 --> 00:32:51.839
I think the first approach almost always is going to be the model airplane kind of thing because it is cheaper to build those than a Lego block thing.

00:32:51.839 --> 00:32:54.839
Then you break it down into Lego blocks. If you need to.

00:32:54.839 --> 00:33:08.839
And actually would it help building your model airplane to actually use service or interact or right where you can basically build it out of internal Lego blocks that then later with some extra work you can externalize.

00:33:08.839 --> 00:33:12.839
That's pretty much how Amazon built it will be us initially.

00:33:12.839 --> 00:33:19.839
So this is a good segue. I mean, the venture capital stuff into what we've been reading and listening and watching recently.

00:33:19.839 --> 00:33:30.839
And I've just finished watching V crashed. Oh my god. This is such a fascinating story. I know how much of it is fiction versus reality. But it's a story about the we work.

00:33:30.839 --> 00:33:47.839
So it's a story about Adam Newman, who was the co founder of we work and how all of that grew from small co-working space into an empire that spans all of the countries and continents and all that while burning through cash like crazy.

00:33:47.839 --> 00:33:53.839
It shows how the desire for insane growth really changes.

00:33:53.839 --> 00:34:02.839
Culturacy changes people how like people just do insane things just so that they can grow at the rate that they're expected to grow.

00:34:02.839 --> 00:34:09.840
And it's not a pretty story. And now I think as of this recording we crashed did it go bankrupt or the world acquired with somebody?

00:34:09.840 --> 00:34:12.840
They filed for bankruptcy couple of weeks back.

00:34:12.840 --> 00:34:23.840
So the company that I actually don't know the facts, but in the series when JP Morgan was talking to them about the IPO that pricing was at $63 billion dollars.

00:34:23.840 --> 00:34:26.840
The valuation. And then now it's worth a few hundred million probably.

00:34:26.840 --> 00:34:33.840
It's an incredible story of just how it crashed and burned. Now it's become popular to I guess bash those high growth startups.

00:34:33.840 --> 00:34:38.840
There was a great series about Uber. There was a great movie about a Blackberry.

00:34:38.840 --> 00:34:44.840
What was that super pumped? Super pumped yes. And then the Blackberry one is really cool.

00:34:44.840 --> 00:34:54.840
It's basically like how you have all that success. Super growth. But then it all like either the whole thing crashes or specific people crash and burn while doing that.

00:34:54.840 --> 00:35:04.840
But it also like again I guess showed me that culture of growth at all costs. How it could be really not really providing any value to anyone at the end.

00:35:04.840 --> 00:35:13.840
I haven't watched we crashed yet. I want to I do feel that that is a very valuable and valid product.

00:35:13.840 --> 00:35:17.840
Not we work specifically but co working spaces.

00:35:17.840 --> 00:35:23.840
Especially in today's world like post COVID where most companies are pretty much hybrid.

00:35:23.840 --> 00:35:28.840
You don't know when people like working from home once in a while coming to work once in a while.

00:35:28.840 --> 00:35:40.840
I think this sort of thing can really work well. But I think this also highlights the grow at any cost kind of mindset that you're forced into.

00:35:40.840 --> 00:35:44.840
I think similar to Uber we work it elevated the whole industry.

00:35:44.840 --> 00:35:50.840
Actually airlines industry is kind of in the same same realm where it's really valuable to the society.

00:35:50.840 --> 00:35:55.840
But you can't build a profitable business out of it. Nobody has figured it out yet.

00:35:55.840 --> 00:36:00.840
I think I read somewhere that cumulatively the airlines industry is not profitable.

00:36:00.840 --> 00:36:06.840
I think Uber they probably still don't have any profit today. So we work was never profitable.

00:36:06.840 --> 00:36:12.840
Interesting right this is helpful and useful. But if you can't make money out of it who's going to pay for it.

00:36:12.840 --> 00:36:18.840
Yeah. What's the other I finished the Elon Musk's book Walter Isaacson's Elon Musk biography.

00:36:18.840 --> 00:36:30.840
It's a fascinating read. At least into it. It's 20 hour audio book. It's very long. It gets very dark in some places I had to take like a one month break or so from the book because it just was going to dark.

00:36:30.840 --> 00:36:40.840
But what I started to appreciate after the book is just how complex a personality Elon Musk is. It's not easy to be Elon Musk.

00:36:40.840 --> 00:36:43.840
Mark your real I think is the word.

00:36:43.840 --> 00:36:49.840
Yeah, the aspergers and potentially bipolar that he was talking about there. That's not fun.

00:36:49.840 --> 00:36:56.840
It shows you what you need to have to achieve this kind of greatness by society standards and the cost of it.

00:36:56.840 --> 00:37:03.840
I wouldn't want to be Elon Musk. I wouldn't want to fulfill that kind of level of ambition at the cost that this comes at.

00:37:03.840 --> 00:37:18.840
I started reading I think I was about five hours or so into it and started seeing some of what you're talking about and then you told me that it gets really dark and I stopped it and I moved to the hitchhiker's guy to the galaxy because that was mentioned in the Elon Musk.

00:37:18.840 --> 00:37:20.840
Pretty big time.

00:37:20.840 --> 00:37:21.840
Multiple times.

00:37:21.840 --> 00:37:22.840
Yeah.

00:37:22.840 --> 00:37:35.840
Anyway, I'll pick it up again. So recently I found two podcasts that I really like the first one I'm going to say it's fall of civilizations. So I listen to a lot of like history.

00:37:35.840 --> 00:37:47.840
I love history. Hardcore history by Dan Carlin is one of my I think all time favorites. So his episodes are like five six are each episode very very detailed.

00:37:47.840 --> 00:37:56.840
I'm so year a new episode comes out because it takes so much research and storytelling fall of civilizations is a little bit like that.

00:37:56.840 --> 00:38:12.840
It's definitely shorter a little less detailed or storytelling. But there's so much fascinating like history pieces to dig into right now in the collapse of the Mayan civilization thing and the Mayan civilization at a outset.

00:38:12.840 --> 00:38:19.840
I don't know about but I've never dug into the details of it. Why did it collapse? How big was it? It's fascinating so far.

00:38:19.840 --> 00:38:22.840
So it's all about the civilizations that have fallen.

00:38:22.840 --> 00:38:23.840
Yeah.

00:38:23.840 --> 00:38:36.840
And there's a lot of like 15-ish chapters right now or episodes and they're doing a book about it too next year. So that'll be interesting like with maps and everything that they talk about in the podcast.

00:38:36.840 --> 00:38:45.840
The other one is Trevor Noah famous comedian right and I love his stuff usually he has a book.

00:38:45.840 --> 00:38:57.840
I forgot the name of the book but if you haven't read it you must that is like a hilarious and yet very insightful into the human psychology kind of mix of books.

00:38:57.840 --> 00:39:12.840
And he was the host of the daily show and so famous coming anyway so he has started a podcast called what now it's presented by Spotify but somehow it's not exclusive to Spotify so yeah I started listening to it.

00:39:12.840 --> 00:39:24.840
I heard it on Justin Jackson's podcast I think the podcast industry news where I think he was speculating that Spotify can make some of its exclusives non-exclusive.

00:39:24.840 --> 00:39:32.840
Actually like Amazon Music has a bunch of podcasts that are produced by Amazon Music but they are available everywhere like the Metallica podcast for example.

00:39:32.840 --> 00:39:34.840
It just has Amazon all over it.

00:39:34.840 --> 00:39:38.840
I mean that's how podcasts usually are they're available everybody.

00:39:38.840 --> 00:39:45.840
Yeah I just don't know what economics with if Spotify pays them to be exclusive but then it like makes them non-exclusive I don't know how it works.

00:39:45.840 --> 00:40:03.840
Yeah I don't know. Anyway so his podcast the whole idea of that is in 2023 in today's world we are very polarized not just US pretty much every place you take every culture you take every discussion is very polarized.

00:40:03.840 --> 00:40:15.840
I disagree. Yeah. Where if I tell you that you know what I don't believe in that then you immediately like okay I befriend you I'm never going to talk to you.

00:40:15.840 --> 00:40:28.840
This is becoming very common you can't go to family dinners anymore because you don't agree with something that your brother-in-law talks about or your parents have a belief and you don't agree to it and you no longer it's become that fractured.

00:40:28.840 --> 00:40:35.840
I think what he's striving for is going back to that discussion kind of mentality that we had.

00:40:35.840 --> 00:40:51.840
Yes like I don't agree with what you're saying but I'm going to listen to what you're trying to say from your perspective and then we'll have a discussion about it and maybe at the end of it we won't still be like we'll come back with it but I'm not going to like befriend you over this.

00:40:51.840 --> 00:41:00.840
Befriend or different. Yes, yes. Befriend is the opposite or like befriend is I want to be friends with you.

00:41:00.840 --> 00:41:10.840
It's an interesting phenomenon let you're describing right because people became a lot less tolerant but maybe it's also because the sides became much more extreme.

00:41:10.840 --> 00:41:19.840
I think the problem arises where you're of certain belief I'm you know how a different belief and therefore we are enemies right which is based on that.

00:41:19.840 --> 00:41:34.840
However what might be difficult is if you and I have different opinions my approach is that we should just ignore that topic altogether just not discuss it because like the moment we start discussing it that creates the ground for disagreement and an argument.

00:41:34.840 --> 00:41:48.840
In most of those I think issues are so complex they cannot be resolved like I'm not going to convince you not going to convince me we will just become even more convinced in our own righteousness and also convinced that the other parties are jerks.

00:41:48.840 --> 00:41:58.840
On the specific thing I disagree and I'm going to befriend you Ilia from my life now you're a polar opposite on this.

00:41:58.840 --> 00:42:14.840
Yeah, I feel like there is space to have discussion as long as both sides are tolerant of each I think it comes from trust and respect for your friends and your family regardless of what their beliefs are.

00:42:14.840 --> 00:42:32.840
Sure you have a belief we can talk about it we don't have to talk about it we can talk about it if we want to but that doesn't mean that I'm going to like completely eliminate you from my life because of your specific belief on a piece of thing that I don't know if it concerns both of us.

00:42:32.840 --> 00:42:47.840
Yeah, I feel like when you actually start arguing about the specific thing then that starts to eat at the trust that you have in other things because like if somebody believes in something stupid from my perspective and they argue about it.

00:42:47.840 --> 00:42:56.840
You need to find that like okay this is getting into a territory where we are losing trust for each other it's not worth doing that.

00:42:56.840 --> 00:43:05.840
Yeah, okay so on that very serious note shall we close this out yes, so are now where can people find us.

00:43:05.840 --> 00:43:17.840
So the podcast is at Metacast podcast.com we also have our app landing page right now at Metacast.app when the app comes out if you sign up for it on that landing page will let you know.

00:43:17.840 --> 00:43:37.840
And we're in close beta so if you're interested if you have not signed up already let us know we can get you signed up you can send us an email with any feedback that you have for this podcast any kind words or bad words or your polar opposite beliefs at hello at Metacast podcast.com.

00:43:37.840 --> 00:43:47.840
You know what I started doing recently like when I get an email like unsolicited spam email I reply marked as spam thanks and marked as spam.

00:43:47.840 --> 00:43:57.840
And what does that do? I think it tells these people that their email was not welcome and also it gives Gmail a signal that these people as spammers.

00:43:57.840 --> 00:44:04.840
I mark as spam very frequently but I don't actually reply to them saying marked as spam.

00:44:04.840 --> 00:44:13.840
I am just being a bit more aggressive here but yeah anyway so if you send us any polar opposite feedback do wear your marked as spam.

00:44:13.840 --> 00:44:23.840
Because as John don't go or say on one of his podcasts we don't care about your constructive feedback you only want to see good comments.

00:44:23.840 --> 00:44:27.840
No I'm just kidding constructive stuff is always welcome.

00:44:27.840 --> 00:44:34.840
And we can't prevent destructive stuff even if we wanted to so everything is welcome.

00:44:34.840 --> 00:45:00.840
Thanks for listening bye. Bye.

