Startup Digest Reading List: Pricing, Ant Financial, Product Managers, Deepfakes

Pricing is one of the most mysterious topics, especially in the world of B2B SaaS. Some companies: just copy others’ pricing, make it up, try to quantify it, or just a/b test it to find an equilibrium on demand and supply. 

As Patrick Campbell of Profitwell says in his post on pricing SaaS products: price is the exchange rate on the value you’re creating in the world. The three core topics in the post he covers include: 

Ant Financial is expected to begin trading on November 5th and will likely be one of the largest fintech offerings on record, if not the largest technology IPO overall.

Lillian Li of Eight Roads Capital wrote a great piece covering Ant Financial’s history, product, and company strategy. Just to get a basic sense of how large Ant Financial is, while Paypal processed $712B in 2019, AliPay processed $17 Trillion in mainland China alone.

Unlike their US counterparts, Ant Financial has a wide ranging portfolio of fintech products including payments & credit (for both consumers and business), wealth management & investment products, and individualized insurance products. Similar to Amazon, they are their own first and best customer in each market, and they use their entire user base to drive very low customer acquisition costs for all of their products and offerings. 

If you’re into fintech, you have to know what Ant Financial is all about and Lillian did a great job profiling the company.

In Ben Horowitz’s classic post on Product Managers (PMs), he details out the principals PM’s follow (both good and bad ones) to achieve results.

TLDR Good product managers are: The CEO of the product, balances all of the goals of the company and each function, clearly defines product requirements in writing, and knows the advantages of their product compared to others. 

H/T to Sriram Krishnan for reposting this post in a clearer and concise format.

I’ve read about deepfakes and have seen them before but nothing compares to this one. Nothing in that video is real. Get ready for a lot more chaos in our media landscape going forward.

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