Strategic User Holdback
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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:
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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
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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'"
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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
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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"
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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: 01:10:50NA
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.