Strategic User Holdback

Nader Al-Naji shares his perspective on the strategic timing of launching and growing a decentralized social network, particularly regarding the involvement of high-profile users and investors. He emphasizes the importance of product readiness over immediate growth.

Key Points:

  • Product Development Philosophy:

    • Started with BitCloud as a prototype to test blockchain functionality
    • Focused on getting core features right before mainstream adoption
    • Prioritized long-term success over short-term growth
  • High-Profile User Strategy:

    • Many prominent investors from VC and Hollywood bought into the platform
    • Deliberately chose not to activate these high-profile users early
    • Reasoning: "I don't want them to join, bring all their users, and then people are kind of like 'this isn't good enough'"
  • Launch Approach:

    • Initially planned for mid-2021 mainstream launch
    • Started with password-protected links to test with small user base
    • Aimed for controlled growth of a few hundred users initially
    • Growth exceeded expectations when links were overshared
  • Current Status:

    • Now feels more confident with newer versions (Diamond and Polygram)
    • Beginning to activate high-profile users
    • "You'll probably start seeing some of the bigger people using it and being part of it"
  • Core Philosophy:

    • "We're playing the long game here"
    • Better to wait for product maturity before bringing in influential users
    • Values user retention over immediate growth
01:08:34 - 01:09:04
Full video: 01:10:50
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Nader Al-Naji

Founder of BitClout, a social media platform that raised $257 million through cryptocurrency. Princeton University alumnus and Thirty-Under-Thirty award winner.

Previously known pseudonymously as "Diamondhands" in the blockchain community.

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