Sam Lessin
speaker
175 appearances
1 recordings
1 series
first heard Feb 2025
last heard Feb 2025
Sam Lessin’s voice in public audio — every appearance, attributed to the second.
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Appearances
those guys.
It's believe it or not, I mean, I I got permission to say it's people like MIT, Michigan, uh, Rudkers.
It's like the real institutions.
Um, and some of them actually are even amazingly, some of those real institutions aren't even in our seed fund.
They say we have plenty of seed exposure, we have plenty we like this strategy.
So there's a real change going on here.
And look, here I mean, you know this better than anyone 'cause you've been doing this fourteen plus years, right?
Which is
There's something that something has happened in the last many years, which is the strategy for building companies and communities has actually inverted in some cases.
It used to be you're two Stanford kids, you start with a product, you build community around that product, but you start with it's product first and technology first.
As technology has gotten commodified, not everywhere, but in a lot of places, and as the internet has kind of exploded, and we've got
Into these niche cultures from this mass culture, there's this new pattern where you have entrepreneurs coming out and saying, Hey, I'm gonna build in a vertical I love, trust, I'm gonna build community first, right?
I'm gonna and I'm actually gonna if you put it in business terms, have a zero CAC sustainable audience, right?
And then I'm gonna layer products on top of that, right?
In in high LTV segments and places where they're really valuable.
And we think this is a really big
Deal.
This is kind of what happens.
This is the natural conclusion that I think some of us have seen for a long time of what it means to have a global internet population and a move away from mass culture to places where people are trying to find community and interests that are deeper and more niche and more specific.
Um so this is a it's a natural conclusion.
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