Tech Removes Friction
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Ev Williams (Twitter, Blogger, Medium founder) shares his framework for building billion-dollar internet companies by focusing on fundamental human desires and making them easier to fulfill.
Core Recipe Components
- Take a human desire that has existed for hundreds of years
- Use modern technology to remove steps/friction from fulfilling that desire
- Focus on simplifying the process, not reinventing the desire
Real World Example: Twitter
- Built on humans' basic desire to communicate and share information
- Removed multiple steps from traditional communication methods
- Simplified the sharing process to make it more accessible
Example Application: Squared Away (Virtual Assistant Company)
- Identified core human need: reliable administrative help
- Target market innovation: Military spouses as virtual assistants
- Key differentiators:
- Leverages positive stereotypes (loyal, organized, trustworthy)
- Higher-touch service compared to traditional outsourcing
- Premium positioning ($200 for 5 hours)
- Appeals to American market preferences
Framework Success Factors
- Focus on longstanding human needs rather than creating new ones
- Look for opportunities to remove friction from existing processes
- Use technology as an enabler, not the core value proposition
- Find unique ways to deliver traditional services more effectively
The key insight is that successful internet companies don't necessarily create new desires - they just make it dramatically easier for people to fulfill existing ones through technology.
38:04 - 38:40
Full video: 59:05SP
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.