Looking for Entrepreneurial Advice? Check Snapchat

Home » Small Business » Looking for Entrepreneurial Advice? Check Snapchat

Looking for Entrepreneurial Advice? Check Snapchat

Just when you thought you knew all about Snapchat it manages to surprise you again. Against all odds the app that seemed prohibitively geared towards young people has expanded into attracting advertisers and now even some business professionals. As Digiday reports some of Snapchat’s latest power users are entrepreneurs with startup advice to share.

One such entrepreneur and Snapchat user is Navid Nathoo who says he uses the app to give his thoughts on sales, marketing, and other business topics. Instead of spending time brainstorming and writing articles for a blog post on LinkedIn or his own website, Nathoo says that the Snapchat platform is very natural and makes it easy to speak off the top of his head. “I have a really tight schedule every day. With Snapchat, I don’t need to spend time going over my writing and worry about grammatical errors… I can just click and speak my mind without preparing anything,” he said. Typically Nathoo provides what are known as “Snapstorms” which may consist of up to 50 posts on a topic or as part of a debate that appear in his Story (a collection of posts that a user’s followers can view for 24 hours).

Nathoo isn’t alone either. Venture capitalist Mark Suster reports using the Snapchat platform to share his experiences and insights over the past four months or so. Beyond just wanting to help young entrepreneurs part of Suster’s job is to find new ventures to invest in. As he noted, “My target audience is 21- to 32-year-old entrepreneurs who need early-stage capital, and this group is on Snapchat. It would be crazy if I’m not on a platform where my audience is.” Suster also appreciated the time limits Snapchat puts on posts. He says this forces him to be hyper-efficient when speaking as opposed to live-steaming apps like Periscope where he may veer off topic.

As Snapchat continues to grow Inc. even suggests the app could overtake LinkedIn as a top platform for discussions among professionals and startups. Some of the advantages they point are similar to ones Nathoo and Suster discussed, as well as mentioning the potential for increased engagement on Snapchat. Additionally, with the app’s track record for creativity and versatility, there’s no saying what innovations could follow.

Overall Snapchat is becoming a bigger deal to small businesses and startups than anyone could have imagined. Although not mentioned in the Digiday article another early adopter and big proponent of Snapchat is marketing guru Gary Vaynerchuk who has shared his tips for getting more followers on the app. Whether you’re looking to gain some entrepreneurial knowledge, network with other small business owners, or reach a new audience it seems that Snapchat is now the place to be.

Author

Jonathan Dyer

I'm a small town guy living in Los Angeles looking to make solid financial decisions. I write for a number of finance websites, including HuffingtonPost and Business2Community. I founded DyerNews.com in 2015 to focus on personal finance and the emerging FinTech markets.

Other Articles by Jonathan Dyer

Top 10 Personal Finance Articles of the Month — July 2020

It’s time again for one of my favorite features here on Dyer News: a look at the top 10 personal finance articles of the month. First, dive into some tips for saving money (or at least not spending as much). Then, we'll look at two interesting posts regarding the very...

Household Debt in the U.S. Dips For the First Time in Six Years

Those looking for a silver lining to the current pandemic may have found one in a new report. According to the Federal Reserve Bank of New York, total household debt — which includes both housing and non-housing debt — came in at $14.27 trillion for the second quarter of the year....

Sequoia Found to Be Most Active FinTech VC of the Past Year

When it comes to investments in FinTech, a few investment firms tend to come up again and again. But which venture capital group has participated in the most funding rounds as of late? According to CB Insights' latest State of FinTech report, it's Sequoia Capital that's been the most active...