My First Million – Threads vs Twitter & Millionaire Sam Ovens Doesn’t Believe In A.I. Hype

Intro

In this episode of “My First Million,” the hosts discuss the new Twitter feature, Threads, and compare it to the original Twitter platform. They also interview Sam Ovens, founder of consulting.com, who shares his unique perspective on entrepreneurship. The hosts share funny stories and dive into the bull case, bear case, and where they stand on the Threads vs Twitter debate. They also explore the potential of Instagram’s new Threads app and its impact on the social media landscape.

Main Takeaways

Twitter vs Threads Debate:

• Twitter’s new feature, Threads, is up for debate against the original Twitter platform.
• Discussion on the bull case, bear case, and where they land on the Threads vs Twitter debate.
• Threads is expanding the market of Twitter-like behavior and could beat Twitter without getting people to switch.
• Threads could bring net new people to the market and become bigger than Twitter.
• Twitter shoots itself in the foot a lot and introduces friction for users.
• Threads may cannibalize Twitter and they will be at least equal.
• Threads may become the more mainstream version of Twitter, stunting Twitter’s slow growth.

Instagram’s Threads App:

• Instagram’s new Threads app launched after a leak, and the speaker downloaded it before it was officially released.
• The speaker thinks the app is great because their Twitter feed is full of negative content.
• Threads reached 100 million users in just 5 days, making it the fastest growing product of all time.
• Instagram users seem to be converting to Threads quickly, and if 20% of Instagram users join, it will be bigger than Twitter.
• Instagram and Facebook are better at execution and could improve their feed to compete with Threads.

Interview with Sam Ovens:

• Interview with Sam Ovens, founder of consulting.com, who made 30 million in revenue at peak.
• Sam Ovens has a different energy and perspective than most internet marketers.
• Sam scaled Consulting.com up to 30 million a year before scaling it back down to a more manageable level with higher profits.
• Sam fell in love with finding a group of people he cares about, solving their problems, and turning it into a business.
• Sam’s new company, School, is self-funded with $10 million and focuses on building software for the online creator market.

Funny Stories and Personal Insights:

• The hosts share funny stories, including a Taco Bell story that had them laughing uncontrollably.
• The speaker once left a hater comment on Sam’s ads but later apologized and found him fascinating.
• The speaker admires the uniqueness and strangeness of the podcast host, who delivered his own baby at home.
• The speaker doesn’t have social media or watch the news, and instead focuses on school and product design.
• The speaker spends most of his time on product strategy and design, working with three full stack product teams.

Summary

Twitter vs Threads Debate:

The hosts engage in a lively discussion about the Threads vs Twitter debate. They explore the potential of Threads to expand the market of Twitter-like behavior and potentially surpass Twitter’s user base. They also discuss the challenges Twitter faces with introducing friction for users and the possibility of Threads becoming the more mainstream version of Twitter.

Instagram’s Threads App:

The hosts analyze the launch and growth of Instagram’s Threads app. They highlight its rapid user acquisition, making it the fastest growing product of all time. They discuss the potential impact of Threads on Twitter, as Instagram and Facebook have better execution and could improve their feed to compete with Threads.

Interview with Sam Ovens:

The hosts interview Sam Ovens, founder of consulting.com, who shares his insights and experiences as an entrepreneur. They discuss Sam’s success in scaling Consulting.com to 30 million in revenue and his transition to focusing on his new company, School, which aims to build software for the online creator market.

Funny Stories and Personal Insights:

The hosts share funny stories, including a hilarious Taco Bell experience. They also discuss personal insights, such as the speaker’s admiration for Sam Ovens and the uniqueness of the podcast host who delivered his own baby at home. They explore the speaker’s minimalist lifestyle and focus on product design.

Conclusion

The “My First Million” podcast episode delves into the Threads vs Twitter debate, Instagram’s Threads app, an interview with Sam Ovens, and funny stories. The discussion provides valuable insights into the future of social media platforms and the mindset of successful entrepreneurs. Listeners gain a deeper understanding of the potential impact of Threads on Twitter, the growth of Instagram’s new app, and the experiences of Sam Ovens in building successful businesses.