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Operating Partner #216

Happy Wednesday <<First Name>>

Sorry for not sending this last week but ran into some operational issues. But alas, here we are... on a Wednesday. Usually these go out on Thursdays but I wanted to shake things up a little. (live dangerously, Darren)

I want to send a big “congrats” to First Round Capital’s Phin Barnes for launching The General Partnership and embarking on new horizons. Exciting times! A few weeks ago, Jessica Peltz, who took over for me at KBS+ Ventures, launched Hannah Grey, a $52M fund. It is not easy to launch a new fund so major kudos to them all.

My wife and I started and binged Messiah a show which I was impressed with and I thought had legs. It was cancelled after only one season however. We just began The Lincoln Lawyer which looks promising and a show we will continue.  We are always looking for new shows, especially after the NBA Season, when Knicks games aren't on and TV viewing opens up a bit.

Fearless+ was just launched by my friend Deepali. She's looking to build the next generation LinkedIn but for children looking to get jobs. If you have any teenage children, check out the platform and have them register. Deepali was a former executive recruiter for some major firms and knows a thing or two about getting hired. This platform was built with that in mind and hopefully helps children.

Here are a few articles to start us off with:

I hope you enjoy this OP - a short and sweet one.

Darren

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Reflecting on TikTok

I do not know about you but I can get pretty lost on TikTok and only find my way out 45-60 minutes later. The algorithm is solid and seems to continue to push both mindful and mindless videos in front of me which keep me logged in and viewing.

The most interesting insight that I have regarding TikTok is that it does not steal my minutes from social media but rather it steals them from consuming other video or content, inclusive of television. Tiktok usually complements or replaces the time when I’m sitting in front of the television. 

I have declined in my usage of Facebook and Instagram over the years but I do not correlate that decline to the rise of Tiktok as I use the platforms in different ways.

I also find that TikTok is pretty solid in the how-to department. Short and quick useful videos on how to do certain things such as cooking or fixing items. Never thought I’d consider TikTok useful for inspiring new meals to my dinner table but there is probably a half dozen recipes that I’ve tried and most with success.

With this all said, monetization for TikTok will be key.I do not yet know if the playbook to monetization (at scale) is similar to the other social networks who are vastly different, the sticker/gifting economy, or is it something we’ve not really considered yet. 

Professor Galloway wrote a solid piece on TikTok if you are looking to go even deeper.

Jobs From the OP Community

From time to time, I publish jobs across the OP community and within my portfolio in this newsletter. If you have a job/role that you want to promote, please send me a paragraph such as the ones below.  I do not charge for promoting jobs in the newsletter but they must be relevant to this community. I reserve all rights (s) to approve/publish jobs.

Chief Technology Officer, Borobabi. Borobabi is a rapidly growing startup and Certified B Corporation that is creating America’s first circular retail ecosystem. We leverage technology and data to redefine how products are made, used, and disposed of at the end of their useful life. We have started our journey in children’s apparel and are quickly expanding our product offering and impact. We’re looking for a CTO to build our circular retail platform and build a purpose-aligned team. You will lead the development of our new system and the transition away from our low-code solution.

Growth Manager. Datonics. Datonics is looking for a Growth Manager with experience in scaling a B2B SaaS product from the early stage through high growth. Your role will include defining, coordinating, and executing strategies that support Datonics’ business objectives, including brand awareness, audience engagement, and B2B user acquisition for our suite of Shopify applications and SaaS data enrichment offerings.

Director, Analytics & Behavioral Insights. Zelis. We’re building a team that’s tackling the biggest challenges in healthcare payments. We are searching for a Director, Analytics and Behavioral Insights to support the growth of our company as we expand our teams. Responsible for leading and communicating the long-term strategic vision, roadmap, and evolution of Member Journey Analytics function and aligning the adoption roadmap across various Member Analytics teams.

Director, UI/UX Leader. Zelis. Develop and advocate an end-to-end human-centered design (HCD) process for the Member Empowerment team. Includes enforcement and governance of the HCD process by which the team drives “Consumer-first” product development. Influence and partner with related UX, UI and Human Centered Design teams across the enterprise. Develop, maintain, and execute on appropriate A/B testing and multivariate analysis in coordination with matrixed partners.

Articles To Read

Here are some articles that I have read this week. I am not compensated for sharing links - I only share when I find them interesting. I hope you do too. If you read an interesting article and want to share with the OP community, just email me the link and I'll see if relevant. If so, I'll post in the next OP.

 

Tough Love (Jared Hecht)

In Ad-Tech, Disintermediation Is Heating Up (Digiday)

Apple to Launch BNPL Service (Techcrunch)

Apple Unveils New Macbook Air (9to5 Mac)

iOS 16 Supports Opt-In Web Notifications (Macrumors)

Camelot’s State of the Stream: Netflix (Camelot/LinkedIn)

Salesforce Takes Crypto Plunge With NFT Cloud (Techcrunch)

Citadel Securities Is Building Crypto Trading Marketplace (Coindesk)

Apple Just Killed the Password - For Real This Time (Wired)

eBay Launches Vault Facility for Trading Cards (Fast Company)

Apple to Handle Financing for BNPL Service (Bloomberg)

MSFT To Drop Non Competes, End Use of NDAs for Settlements and More (GeekWire)

TikTok Adds New Screentime Controls (Engadget)

Spotify Monetizes Only 14% of Listening Time Currently (Variety)

Thank You for Reading

Thanks for reading OP #216. I hope you enjoyed this OP and Go Celtics!

Durhamism # 1140: "Go the extra mile. It's never crowded."

Darren / @dherman76
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