Hit it on the nail once again, insightful and really succinct, thank you Ryan. I'd like to add the reason why the West might be struggling is because of the individualistic culture so hence the applications genuinely match that, take Spotify for instance they are the biggest streaming service but highly unprofitable bc failed to understand that music is a social experience, now compare that to Tencent music, theyve been profitable for past 4/5 years, with atleast 800m users, and their revenue was because of the social activities on platform, the West perhaps needs to understand verticalization much better, capture the supply chain early.
Not taking away that tencent owns them, and they riding off of wechat and QQ.
Africa is the next frontier for similar change, our culture is extremely social, startups here only need great financial backing.
Hit it on the nail once again, insightful and really succinct, thank you Ryan. I'd like to add the reason why the West might be struggling is because of the individualistic culture so hence the applications genuinely match that, take Spotify for instance they are the biggest streaming service but highly unprofitable bc failed to understand that music is a social experience, now compare that to Tencent music, theyve been profitable for past 4/5 years, with atleast 800m users, and their revenue was because of the social activities on platform, the West perhaps needs to understand verticalization much better, capture the supply chain early.
Not taking away that tencent owns them, and they riding off of wechat and QQ.
Africa is the next frontier for similar change, our culture is extremely social, startups here only need great financial backing.