Is Paying Celebrities to Send a Snapchat a Good Idea? (LIKE Cameo) | My First Million Podcast

21 Jun 2020 · 4 min
4:07

In this segment of the My First Million podcast, Sam Parr and his guest discuss the concept of platform inflection—moments when a new app ecosystem opens up lucrative opportunities for developers. They illustrate this with historical examples like Facebook’s early developer platform, Pandora’s rise after Apple Store exposure, and the success of Snap Kit apps that have topped the App Store. The conversation emphasizes the asymmetric nature of betting early on such platforms: while many attempts fail, a few can dramatically change a creator’s trajectory. Building on this insight, the guest proposes a concrete product called “Cameo Kit,” a Snap Kit‑based service that lets users purchase personalized video messages from celebrities directly within Snapchat, handling payment and delivery without leaving the app. The idea aims to capture the existing Cameo market while leveraging Snapchat’s distribution and user experience, highlighting the need to keep the entire flow inside the platform to avoid competing with Snapchat’s core features.

Chapters

More from Sam

youtube.com

He paid $21M for the Magna Carta

3mo ago
youtube.com

Americans Can't Stop Talking About Japanese Fans

3mo ago
youtube.com

The blue balls of entrepreneurship

3mo ago
youtube.com

This guy made billions from just 3 stocks (Here's how)

3mo ago
youtube.com

A Genius Mathematician Who Wanted Nothing

3mo ago
youtube.com

He Completely Reinvented Himself

3mo ago
youtube.com

35-year-old dad trains for the World Cup

3mo ago
youtube.com

She turned sourdough videos into a $70M business

4mo ago
youtube.com

Most people are chasing type 3 (but it's actually the worst)

4mo ago
youtube.com

How the Ex-Goldman CEO actually invests his own money

4mo ago
youtube.com

Ex-Goldman CEO: 3 sectors where I'm putting my money right now

4mo ago
See all content