BREAKDOWN: Can Social Media Be Redeemed? Feat. Bobby Goodlatte
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 4 August 2020
⏱️ 72 minutes
🧾️ Download transcript
Summary
An early Facebook product designer-turned angel investor discusses how social media has changed and whether it can be changed again for the better.
This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.
Today on the Brief:
- President Trump wants a cut of the TikTok deal
- Previewing this week’s COVID-19 vaccine trade
- Dave Portnoy breaks into bitcoin
Our main conversation is with Bobby Goodlatte.
Bobby is the founder of Form Capital, a new seed investment firm that focuses on supporting portfolio companies with value-add design.
Bobby was an early employee at Facebook and has been an active angel investor since 2012, with investments that include Coinbase.
In this conversation, he and NLW discuss:
- The early days of Facebook
- Why angel investors don’t like new angel investors to get involved
- How Silicon Valley reflects larger questions of equity valuations
- How social media has changed over the last decade
- Why politics is now “downstream from algorithms”
- Why there are still possibilities to build new social networks
- Why today’s social networks could make different decisions that would be better for the world.
Find our guest online:
Website: Form Capital
Twitter: @rsg
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
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| 0:49.4 | There's a way to game these algorithms, and it's not a very hard game to play. The kind of limit is |
| 0:57.3 | really one's own moral scruples. And kind of when you play games like that, then, you know, |
| 1:04.0 | then the only people who are going to do great in that environment are the folks who are kind |
| 1:08.2 | of the least encumbered. And so having to be honest all the time |
| 1:12.5 | and having that as part of your moral code is a hindrance in terms of achieving maximum |
| 1:18.4 | engagement. You know, it's fundamentally more engaging to tell a kind of out there narrative than it |
| 1:26.1 | is to have to stick to the truth. |
| 1:29.4 | Welcome back to The Breakdown with me, NLW. |
| 1:33.5 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 1:39.7 | The breakdown is sponsored by crypto.com, BitStamp, and Nexo.io, and produced and distributed by CoinDesk. |
| 1:49.3 | What's going on, guys? It is Tuesday, August 4th, and today's main conversation is with Bobby |
| 1:55.6 | Goodlat. Bobby was an early employee at Facebook. He has gone on to be a prolific angel investor and |
... |
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