Joel Modestus

Business, Strategy, Growth - Ecommerce

[Joe Weisenthal @TheStalwart]

Today’s episode was basically the first time I had talked to @jackclarkSF in almost a decade. This was the previous time.

[Joel Modestus @JoelModestus]

Link to full deck: https://t.co/60yRQRkHky

[Joel Modestus @JoelModestus]

Created a bunch of Consumer AI ideas. (Link below in replies). Give it a read!

[Joel Modestus @JoelModestus]

Sharing a meditation on Challenging Fundamental Assumptions! Could be widely applicable insights!

https://t.co/nBzbPgrmw2

[Joel Modestus @JoelModestus]

PayPal launched the OG referral scheme in early 2000 to quickly acquire users.

The approach was fundamentally different than the regular customer acquisition approaches that competitors dismissed it as 'cheap trickery'. Wired rightly called it 'sour grapes'

[Joel Modestus @JoelModestus]

Here is a comprehensive playbook for Growth Acceleration and Turnaround in E-Commerce and Online Marketplace businesses. Please share with your teams!

Dedicated to people whose work I admire @benthompson @sajithpai @andrewchen @fredwilson @bgurley @tobi @gokulr @altcap

https://t.co/LUKd3ZIjoc

[Joel Modestus @JoelModestus]

@refsrc Love your shares! Crazy execution from Rapido.

I talk about in my India Internet Commerce Report. Please give it a look when you get time!

https://t.co/cC6XPgJ5Dp

[Joel Modestus @JoelModestus]

Hey @ishmohit1 long time follower here!

You may like this report I created! ☺️

https://t.co/cC6XPgJ5Dp

[Joel Modestus @JoelModestus]

https://t.co/cC6XPgJ5Dp

[Joel Modestus @JoelModestus]

Did this as a personal project! The India Internet Commerce Report

Link in replies.

#Ecommerce #Startups #StartupIndia #Blinkit #Rapido #Meesho #Nykaa

[Joel Modestus @JoelModestus]

@paraschopra Might look intangible. But I think ‘obsession’. Scarce and can have huge returns due to AI becoming a leverage multiplier on obsession.

Faster/deeper learning, faster building, faster experimentation and so on can lead to supernormal returns for obsessives.

[Joel Modestus @JoelModestus]

@nishkumar1977 can you please share for icici

[Joel Modestus @JoelModestus]

Not the case with Vibes. Here the cost of creation is borne by Meta not the creator! And the cost per 'creator' really adds up with the number of content pieces being created.

Content AI apps need a real business model innovation to be sustainable

[Joel Modestus @JoelModestus]

The Vibes feed on Meta AI looks pretty cool. One can with a single prompt create and post a creative video in a tiktok style feed.

But there are two problems. 👇

[Joel Modestus @JoelModestus]

The second is the unit economics problem

Meta made about 13.7$ in average revenue per daily active user just the last quarter. The gross margin? 82%!!!

Meta's business model has always been zero-cost content borne by the creator that it monetizes via ads