WhoBuilt

Live Video's Struggle for Interestingness

Nov 1, 2017· 1 h 2 min· 45K views·Watch on YouTube

Speakers

Casey Neistat, co-founder of Beme, and Matt Hackett, its technical co-founder, discuss live video, product design, creative work, fundraising and Beme’s acquisition while appearing with a host at Y Combinator.

Make live video easier to find interesting

Hackett argues that open-ended live video gives creators and viewers too little direction. Snapchat lenses made clips more engaging, while video games offer a familiar activity to watch. Beme’s Panels narrowed the prompt to people’s opinions on specific news stories, aiming to help them give focused responses and show a range of perspectives.

Design communities with care

Neistat and Hackett discuss toxic online comments and the responsibility product makers have to shape healthier spaces. Hackett says Panels was opening gradually and seeking demographic balance; moderation was only one part of designing a community where trolling would not bring attention. He also describes the challenge of connecting a newsroom’s work with the product team’s feedback and tools.

Build creative habits and pitch as a team

Neistat says he produces videos consistently by removing steps and dependencies that slow him down, though he acknowledges that solo work does not scale. Hackett advises engineers to take breaks when focused coding stops working, and to protect sleep and exercise. On fundraising, they recommend practicing with investors who are unlikely to invest, reviewing meetings together, and making their complementary strengths clear.

Treat fundraising and acquisition as deliberate processes

Neistat says every external meeting involves selling: founders should learn what the other party values and communicate the opportunity clearly. Hackett cautions that investor interest without a term sheet is not a commitment, and that an acquisition can take at least six months. They describe exploring conversations with multiple companies while truthfully presenting themselves as fundraising, and seeking regular advice from experienced advisers.

Lead through uncertainty and plan for the long term

Hackett says founders should share information with employees when it can help them act, while avoiding speculation that could cause panic. During Beme’s acquisition process, Neistat and Hackett prioritized payroll and team stability, including a retreat that gave the team time together. At CNN, both describe learning to balance startup urgency with longer-term planning and to bring engineering feedback practices into media work.

Takeaways

  • Give creators a specific prompt when open-ended video feels difficult to make or watch.
  • Build community norms into product design and onboarding, alongside moderation.
  • When creative or coding work stalls, remove obstacles or step away and recover.
  • Practice pitches with lower-stakes investors, then debrief and clarify who handles which questions.
  • Treat investor interest as uncertain until there is a term sheet, and start acquisition conversations well before cash runs low.

Mentioned in this talk

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What was claimed 11

  • built
    “The trouble we saw at Beam, and that they’re seeing with Spectacles”
    YouTube
    Verified2 sources· Talk, Web· archived
  • feature
    Panels: People share opinions on current stories through video
    “Panels is purely about opinion: what is your opinion on these five stories today”
    YouTube
    Unverified1 source· Talk
  • built
    “Panels, the product that’s out now”
    YouTube
    Unverified1 source· Talk
  • feature
    YouTube: Comments can be filtered by highlighting words so matching comments are automatically hidden
    “If any of those words pop up, those comments will be automatically hidden.”
    YouTube
    Unverified1 source· Talk
  • metric
    Beme: Casey Neistat had eight million subscribers and 800 videos
    “through eight million subscribers and 800 videos”
    YouTube
    Unverified1 source· Talk
  • role at
    Matt Hackett is co-founder at Beme
    “When Matt and I were first pitching the very first iteration of Beme”
    YouTube
    Unverified1 source· Talk
  • role at
    Casey Neistat is co-founder at Beme
    “When Matt and I were first pitching the very first iteration of Beme”
    YouTube
    Unverified1 source· Talk
  • acquired
    Beme acquired CNN
    “Then there was the dog-and-pony show before CNN. We should talk about the acquisition.”
    YouTube
    Unverified1 source· Talk
  • role at
    “I think Jeremy Liu at Lightspeed really believed in what we were doing.”
    YouTube
    Unverified1 source· Talk
  • built
    Beme built Beam
    version 1.0
    “Beam 1.0 is a very good example: our product failed, but the company succeeded.”
    YouTube
    Unverified1 source· Talk
  • metric
    Beme: The company had a team of a dozen people during the acquisition process
    “This was a team of a dozen people who relied on their paychecks”
    YouTube
    Unverified1 source· Talk

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