Discussion in 'Tales from the Bully Pulpit' started by zerodeefex, Oct 1, 2019.
CEE TEE - good to have you back. I’ll have to search out the “what’s next for CEE TEE” thread... kidding. Kinda.
words cannot express the LOVE
I understood him. Altough Zero does know how to throw down some serious marketing jargon.
Basically he's just saying just hard to scale growth with their current buisiness model.
Let's just hope Drop doesn't go horizontal.
Extra love for agreeing to help keep this place going.
I've been an engineer, support person, operations guy and product manager at various points in my life but have never dipped my toes in marketing. I have had to grow a business rapidly at a tech company, though, and led efforts big and small. I've failed many times and learned from most of those failures.
Drop is a VC funded startup in the valley. Startups have to scale quickly in that world. It's obvious from the outside that Drop had success in audio and keyboards and thought they could copy/paste it "to scale." The early employees I've met who work there are in their 20s and think they can "disrupt" these other areas of commerce by copying the successful vertical models over.
However, building a successful tech-driven commerce business requires a blend of art (subject matter experts) and science (heavily data driven decision making and optimizations with a hell of a lot of machine learning driven everything today). Except for a couple of cases, as far as I can tell from the outside, Drop has neither. They lucked out finding @CEE TEE who could tap into a community he loved AND has a natural knack for relationship building to do well with custom products. They seemed to have found something similar in mechanical keyboards. For everything else I have no clue wtf was going on. I can imagine a group of young tech bros saying "how can we disrupt men's fashion today?" while wearing heavyweight Japanese denim like it's 2010 and that's still hype.
Drop is just another unprofitable Silicon Valley startup. They lose money for years as they spend it on acquiring a customer base, grow big and fast while subsidizing their losses using investor cash. These investors have no problem burning cash to keep these companies afloat, even after a decade of losses, if it means they can achieve market dominance.
Drop needs to figure out how they can take a large user base and convert that into paying customers to become profitable. But the problem with a lot of these VC startups is they lack the vision and talent. These dudes in their 20s are motivated by pride and self-absorption, and will not allow anything to stand in their way. They are ruthless and predatory in their pursuit to disrupt and dominate markets.
Say what you want about Jeff Bezos, I don't care to defend his ilk, but he's one of the few industralist-tycoon types in the mold of a Rockafeller that has the necessary intelligence and arrogance to be a true visionary. You don't see this in the venture capitalists with deep pockets over Silicon Valley. It also helps to not let antitrust laws get in your way.
But as a consumer, aside from the business practices folks here have rightly criticized them for, we are living in a golden age of fantastic deals that Drop can offer. Who knows how long it will last, but might as well reap the benefits of cheap products while investors absorb the losses.
I just hope they stay afloat until I get my FDX1s, and that you left them in good hands @CEE TEE
1 day left
Welcome back friend! Drop’s loss is our gain.
Don't go crazy. You can always go diagonal...
Welcome back @CEE TEE !
P.S. Can someone tear off my MOT badge? I'm also done with startups.
A great welcome!
Hey @CEE TEE, maybe you should update your status...
This just landed:
https://www.massdrop.com/buy/massdrop-x-empire-ears-zeus-universal-iems Sep 21, 2018
Hi @CEE TEE !
Oh wow, I took my eyes off for a sec and this happened.
Well, I think this is a very major loss for Drop. No offense (if anyone at Drop is reading this) but whatever the reason, I do not think Drop even realized what they'd just done to their audio side of business when they let @CEE TEE go! He wasn't just a cog in the engine. He was the engine! It's not as simple as just shoving a random well-trained 20-year-old in his position. What CT did for Drop was far more in scope than they could ever imagine.
We as a community will benefit from this move overall as CEE TEE is the most awesome influencer (IMO)! But Drop will probably have one hell of a time trying to find his replacement. I can imagine they will very quickly find that it's basically mission impossible.
Grab the popcorn I guess...
We have ours ready
@CEE TEE he gets my respect by the way he handled the ZDT Jr stuff. Solid.
Wellcome back @CEE TEE !
I personally stopped following when they became Drop. I find the new website completely disorganized now.
At least, we still have Monoprice
I remember searching for Massdrop one day and it suddenly became just Drop and I was thinking WTF? Anyways welcome back @CEE TEE !
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