As someone who spends seven figures every month on Google ads, what’s much more likely to be happening here is that the individual advertiser is either getting outcompeted or they’re executing ads poorly.
Google ads revenue in the US continues to grow every quarter. And, since advertisers will generally invest in ads until the last dollar is break even, it’s likely that the total value advertisers unlock through Google ads is growing as well. Whether that’s true or not, the notion that value generated for advertisers is “dead” is absurd.
In this case, it depends on what the crux of your business is. Sometimes the crux is building world-class technology. Sometimes the crux is customer acquisition.
If the crux of your business is customer acquisition, then an exceptional business co-founder will actually be the most important ingredient to long-term success.
This is one of the biggest weaknesses I've noticed in YC's mantra. In most industries, just building something people want doesn't lead to success - you have to excel at customer acquisition also. And, in these industries, as you business matures, you realize that customer acquisition, at scale, is actually the hardest problem to solve.
So, these posts err.. essays.. of his are pieces of abstract textual art that arrive here to be interpreted by commenters and also for admiration and mandatory vc adulation (maybe)?
Or maybe since he is rich now and is influential in making other people rich, lots of them actually, he gets to post whatever it is and also gets to make them gain traction. Yeah, this makes sense. Of course.
Or maybe I am from the crowd that doesn't understand modern art of making money at all; obviously.
Nowadays, I find myself skipping lunch every other day - out of forgetfulness.
I wish this were true, and I do think this mindset would be optimal if everyone adopted it. Unfortunately, real workplaces are filled with people who are confident and wrong. As a leader, if your intuition is more accurate than your peers and you care about objective success, it’s important to assert yourself.
Tldr; The reason it dropped off the first page was likely due to mass flagging. Whether these flags were coordinated at the behest of a self-interested party is unclear. However, when cases like this are reported, more often than not, it turns out to be a function of genuine flagging.
I'm concerned that what we're observing is a result of external manipulation at the behest of self-interested parties.
Here's evidence of this concern: https://hnrankings.info/43004889/
If they really only raised $1.7b, per Crunchbase, then this seems to me like a very good outcome for everyone involved except its late stage investors. And, even for the late stage investors, they're breaking even.