Profitable SAAS Business, Snapchat vs Facebook & Instagram, & HumanIPO | My First million 06/11/2020

TL;DR

The hosts discuss the Washington Post’s Arc Publishing, an enterprise SaaS spin-off projected to hit $100M in revenue by building internal publishing tools for companies like BP. They evaluate Snapchat’s strategy of becoming a platform via Snap Minis and Snap Kit to compete with Facebook/Instagram, and propose building a “Cameo Kit” inside Snapchat.

Key insights

• Arc Publishing (Washington Post’s technology) is a prime example of productizing internal tools; it targets enterprises like BP for internal newsletters and articles, with a near-term revenue goal of
• Snapchat’s “Minis” are mini websites/applications inside Snapchat, copying WeChat’s model; this is Snapchat’s only viable strategy to compete with Facebook/Instagram, because those platforms can copy
• The Koch brothers built from a $30M/year oil company into the largest privately owned US business (~$10B profit) by selling oil byproducts and buying companies across materials (Bounty, Lycra, etc.).