I recorded a ride as a run over the weekend on accident and when I uploaded it Strava suggested I change it and gave a button for it in the same pop-up. I was going to change it, but they made it very easy.
I recorded a ride as a run over the weekend on accident and when I uploaded it Strava suggested I change it and gave a button for it in the same pop-up. I was going to change it, but they made it very easy.
I would guess that the only reason most apps try to add new functionality is to give “coders” jobs. In principle once you’ve built it properly you should be able to fire most of the people and have just a few guys keeping it running.
I work in software support and this is most definitely not true at all
I would guess that the only reason most apps try to add new functionality is to give “coders” jobs. In principle once you’ve built it properly you should be able to fire most of the people and have just a few guys keeping it running.
The reason is that additional value must be squeezed out of the software to generate greater engagement and therefore profit. The goal is to always make more money the next year. That's why all of the advances in social media have been in ad tech.
The goal isn't just to make more money the next year, it's to earn enough to be a return on capital. They have raised a LOT of money and are locked into a strategy of growing the business in order to make that happen. Typical Silicon Valley moonshot thing. Apparently they've been profitable because of the pandemic, but before 2020 they weren't making a profit.
The reason is that additional value must be squeezed out of the software to generate greater engagement and therefore profit. The goal is to always make more money the next year. That's why all of the advances in social media have been in ad tech.
The goal isn't just to make more money the next year, it's to earn enough to be a return on capital. They have raised a LOT of money and are locked into a strategy of growing the business in order to make that happen. Typical Silicon Valley moonshot thing. Apparently they've been profitable because of the pandemic, but before 2020 they weren't making a profit.
So what you're telling me is that strava isn't made for runners and cyclists (if it were it would be "Kelvin Versioned"), but instead that it's made for the investors? This is a shock to me.
Somewhere out there a trust fund kiddo who studied CS at Berkeley is wasting his time working at Google on "AI Safety" when he should jump ship and spend ten years and a good chunk of his trust fund money building the a version of a run/cycling tracking platform that won't burn itself to the ground.
The goal isn't just to make more money the next year, it's to earn enough to be a return on capital. They have raised a LOT of money and are locked into a strategy of growing the business in order to make that happen. Typical Silicon Valley moonshot thing. Apparently they've been profitable because of the pandemic, but before 2020 they weren't making a profit.
So what you're telling me is that strava isn't made for runners and cyclists (if it were it would be "Kelvin Versioned"), but instead that it's made for the investors? This is a shock to me.
... In one sense it's made for the investors, yes, but not any more than any other business is made for its owners. If it were completely bootstrapped (that is, if it had taken on no outside investment whatsoever) it would still exist for the sake of its owner in the same way that you are saying the actual Strava is "made for the investors". The interesting thing here is what the owners will have to do in order for that investment to pay off, not the mere fact that they are looking for a return on their invested time, money, and attention.
(Not that Kelvin versioning is a good idea for a Strava-like product. Even the original post, which contains some questionable reasoning, doesn't recommend it for userspace. Application software has to shift to meet the demands of its users, which are not fixed for all time, and the technology environment in which it operates. So should system software, which is why Kelvin versioning seems like a dumb idea to me, but never mind.)
The interesting thing here is what the owners will have to do in order for that investment to pay off, not the mere fact that they are looking for a return on their invested time, money, and attention.
i am super interested as well, but am not very well plugged into the VC side of things. What multiplier are these investors looking for when they cash out? Like theoretically there has to be an endgame for these investors to make N x $151M. They have turned a corner where they are making some money, but that seems to just be a way to pump up their valuation so they could raise even MORE money to eventually have to pay back. Even with their current hyped valuation of $1.5B, that is still only 10x the amount of VC money poured in so far.
Where will the money eventually paid back to investors come from? I cannot imagine a company wanting to acquire strava at the price that would, so is the only option an IPO? (I know enough to be dangerous, but I don't know what I don't know)
Secondarily, what are the investors of the latest $110M seeing here? Are they just placing a bet on the most dominant activity log app in the belief that someday some company is going to dominate this sector and they want to get in early? I just don't know how strava gets any bigger than it is.
Yash Hooda is a runner using Strava. Join Strava to track your activities, analyze your performance, and follow friends. Strava members can plan routes, participate in motivating challenges, and join clubs. Get started by sig...
Instagram is so bad now. literally every 4 posts there's an ad, and for me it's always the same thing - "sports betting consultants" or "investment gurus". I'm not interested in anything they're selling, but because I'm the right demographic (young, upper middle class male) that's all I get
Instagram is so bad now. literally every 4 posts there's an ad, and for me it's always the same thing - "sports betting consultants" or "investment gurus". I'm not interested in anything they're selling, but because I'm the right demographic (young, upper middle class male) that's all I get
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