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right now everyone is on their phones. Everyone has that ‘me, me, me instant gratification’ shit going on and so when the going gets rough in a relationship, as it always does, they bail. They bail because they have a million other people on their phone, on those fucking apps, all waiting for a hook-up or a date. A million people around the corner, with their perfect filtered photos uploaded, their bios updated and edited so they all represent the perfect fake versions of themselves. So even when you’re on a date with one person, you can look at your phone and go to the next person, have your fun, then go to the next. It’s not fucking dating man, it’s shopping.

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Anthony Burrow, a professor of human development at Cornell University, led another study that showed a strong sense of purpose can even make us immune to the likes (or lack of likes) we garner on social media. First, he and his research partner had participants fill out a series of questionnaires measuring the degree to which they felt connected to a sense of purpose in life. Then the participants were told they would be helping to test a new social networking site. First they had to start building their profiles by posting a selfie. The researchers gave them a camera, then pretended to upload the image to the fictional website. Then, after five minutes, they told the participants how many likes their selfie had gotten compared with other people’s photos—above average, about the same, or below average. Finally, the participants filled out another questionnaire that measured self-esteem. It turned out that those with less of a sense of purpose in life experienced spikes or drops in their self-esteem based on how many likes their selfie got, or didn’t get, while those with a stronger sense of purpose were relatively unaffected. Their self-esteem held steady.

Prospect just one new FSBO each day. Drive to that home, take a photo. Enter the owner and address in the SOC contact manager. Be sure to check where the tax bill is sent in case the owner lives somewhere else.  You want to mail information where the tax bill goes. Upload photo of home to the SOC system.  With SOC you can create campaigns which will send multiple custom cards at times you designate to the seller. Send a four card FSBO campaign.  They’ll get four customized cards from you over the next two weeks.  Each card will have the photo of their home on the front.  Each card will have reasons they should list with you inside.  It’s important that the message inside is different on each card.  Then follow up with each FSBO you’re working on with one phone call a week.

How much do we let people get away with stuff in real life because they are fit and take a good photo?

The reason is a neurological chemical called dopamine, the same one Parker had referenced at the media conference. Your brain releases small amounts of it when you fulfill some basic need, whether biological (hunger, sex) or social (affection, validation). Dopamine creates a positive association with whatever behaviors prompted its release, training you to repeat them. But when that dopamine reward system gets hijacked, it can compel you to repeat self-destructive behaviors. To place one more bet, binge on alcohol—or spend hours on apps even when they make you unhappy. Dopamine is social media’s accomplice inside your brain. It’s why your smartphone looks and feels like a slot machine, pulsing with colorful notification badges, whoosh sounds, and gentle vibrations. Those stimuli are neurologically meaningless on their own. But your phone pairs them with activities, like texting a friend or looking at photos, that are naturally rewarding. Social apps hijack a compulsion—a need to connect—that can be even more powerful than hunger or greed. Eyal describes a hypothetical woman, Barbra, who logs on to Facebook to see a photo uploaded by a family member. As she clicks through more photos or comments in response, her brain conflates feeling connected to people she loves with the bleeps and flashes of Facebook’s interface. “Over time,” Eyal writes, “Barbra begins to associate Facebook with her need for social connection.” She learns to serve that need with a behavior—using Facebook—that in fact will rarely fulfill it.

How do companies, producing little more than bits of code displayed on a screen, seemingly control users’ minds?” Nir Eyal, a prominent Valley product consultant, asked in his 2014 book, Hooked: How to Build Habit-Forming Products. “Our actions have been engineered,” he explained. Services like Twitter and YouTube “habitually alter our everyday behavior, just as their designers intended.” One of Eyal’s favorite models is the slot machine. It is designed to answer your every action with visual, auditory, and tactile feedback. A ping when you insert a coin. A ka-chunk when you pull the lever. A flash of colored light when you release it. This is known as Pavlovian conditioning, named after the Russian physiologist Ivan Pavlov, who rang a bell each time he fed his dog, until, eventually, the bell alone sent his dog’s stomach churning and saliva glands pulsing, as if it could no longer differentiate the chiming of a bell from the physical sensation of eating. Slot machines work the same way, training your mind to conflate the thrill of winning with its mechanical clangs and buzzes. The act of pulling the lever, once meaningless, becomes pleasurable in itself. The reason is a neurological chemical called dopamine, the same one Parker had referenced at the media conference. Your brain releases small amounts of it when you fulfill some basic need, whether biological (hunger, sex) or social (affection, validation). Dopamine creates a positive association with whatever behaviors prompted its release, training you to repeat them. But when that dopamine reward system gets hijacked, it can compel you to repeat self-destructive behaviors. To place one more bet, binge on alcohol—or spend hours on apps even when they make you unhappy. Dopamine is social media’s accomplice inside your brain. It’s why your smartphone looks and feels like a slot machine, pulsing with colorful notification badges, whoosh sounds, and gentle vibrations. Those stimuli are neurologically meaningless on their own. But your phone pairs them with activities, like texting a friend or looking at photos, that are naturally rewarding. Social apps hijack a compulsion—a need to connect—that can be even more powerful than hunger or greed. Eyal describes a hypothetical woman, Barbra, who logs on to Facebook to see a photo uploaded by a family member. As she clicks through more photos or comments in response, her brain conflates feeling connected to people she loves with the bleeps and flashes of Facebook’s interface. “Over time,” Eyal writes, “Barbra begins to associate Facebook with her need for social connection.” She learns to serve that need with a behavior—using Facebook—that in fact will rarely fulfill it.

We live in a reputation economy. People are judged based on their online visible choices, behaviours, accomplishments and mistakes. Every comment you leave, person you connect to, photo you upload, or review you get, contributes to the permanent record of your online reputation.

When Wimdu launched, the Samwers reached out to Airbnb to discuss combining forces, as they had done with Groupon and eBay to facilitate a speedy exit. Discussions ensued between Airbnb and Wimdu cofounders and investors—meeting multiple times, touring the Wimdu offices, and checking with other founders like Andrew Mason from Groupon to best understand the potential outcome. In the end, Airbnb chose to fight. Brian Chesky described his thought process: My view was, my biggest punishment, my biggest revenge on you is, I’m gonna make you run this company long term. So you had the baby, now you gotta raise the child. And you’re stuck with it for 18 years. Because I knew he wanted to sell the company. I knew he could move faster than me for a year, but he wasn’t gonna keep doing it. And so that was our strategy. And we built the company long term. And the ultimate way we won is, we had a better community. He couldn’t understand community. And I think we had a better product.82 To do this, the company would mobilize their product teams to rapidly improve their support for international regions. Jonathan Golden, the first product manager at Airbnb, described their efforts: Early on, Airbnb’s listing experience was basic. You filled out forms, uploaded 1 photo—usually not professional—and editing the listing after the fact was hard. The mobile app in the early days was lightweight, where you could only browse but not book. There were a lot of markets in those days with just 1 or 2 listings. Booking only supported US dollars, so it catered towards American travelers only, and for hosts, they could get money out via a bank transfer to an American bank via ACH, or PayPal. We needed to get from this skeleton of a product into something that could work internationally if we wanted to fend off Wimdu. We internationalized the product, translating it into all the major languages. We went from supporting 1 currency to adding 32. We bought all the local domains, like airbnb.co.uk for the UK website and airbnb.es for Spain. It was important to move quickly to close off the opportunity in Europe.83 Alongside the product, the fastest way to fight on Wimdu’s turf was to quickly scale up paid marketing in Europe using Facebook, Google, and other channels to augment the company’s organic channels, built over years. Most important, Airbnb finally pulled the trigger on putting boots on the ground—hiring Martin Reiter, the company’s first head of international, and also partnering with Springstar, a German incubator and peer of Rocket Internet’s, to accelerate their international expansion.

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You know what the problem is?” I tell him, gesturing to the bar, which is quite busy for a Thursday night. “It’s that right now everyone is on their phones. Everyone has that ‘me, me, me instant gratification’ shit going on and so when the going gets rough in a relationship, as it always does, they bail. They bail because they have a million other people on their phone, on those fucking apps, all waiting for a hook-up or a date. A million people around the corner, with their perfect filtered photos uploaded, their bios updated and edited so they all represent the perfect fake versions of themselves. So even when you’re on a date with one person, you can look at your phone and go to the next person, have your fun, then go to the next. It’s not fucking dating man, it’s shopping.

By contrast, inflection-driven bubbles have fewer harmful side effects and more beneficial long-term effects. In an inflection-driven bubble, investors decide that the future will be meaningfully different from the past and trade accordingly. Amazon was not a better Barnes & Noble; it was a store with unlimited shelf space and the data necessary to make personalized recommendations to every reader. Yahoo wasn’t a bigger library; it was a directory and search engine that made online information accessible to anyone. Priceline didn’t want to be a travel agent; it aspired to change the way people bought everything, starting with plane tickets. 140 If a mean-reversion bubble is about the numbers after the decimal point, an inflection bubble is about orders of magnitude. A website, a PC, a car, a smartphone—these aren’t 5 percent better than the nearest alternative. On some dimensions, they’re incomparably better. A smartphone is a slightly more convenient tool than a PC for taking a photo and quickly uploading it to the internet, but it’s infinitely better at navigation. A car is not just slightly faster and more reliable than a horse (although in the early days of the automobile industry, it was apparently common for pedestrians to yell “Get a horse!” at passing motorists); cars transformed American cities. Modern-day Los Angeles is inconceivable on horseback.

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