Network Density Over Spread
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A discussion about how Nikita Bier sold his social app Gas to Discord, highlighting his approach to social networking and marketing.
Core Strategy
- Created simple social apps focused on high school popularity/compliments
- Prioritized network density over user growth/spread
- Successfully sold similar concepts twice (tbh to Facebook, Gas to Discord)
Marketing & Personal Brand Approach
- Built mystique through selective information sharing
- Created an aura of sophistication around social networking expertise
- Used Twitter to hint at "deeper knowledge" without revealing details
- Posted cryptic metrics and insights about social networking
- Maintained an air of exclusivity by appearing "too cool to try"
Business Results
- First exit: Sold tbh to Facebook (estimated $30-40M)
- Vested out earnout over 4 years at Facebook
- Second exit: Gas app sold to Discord (amount undisclosed)
- Generated ~$7M in gross sales in ~3 months with Gas
App Mechanics
- Simple concept: Users vote on superlatives about classmates
- Notification system: "Someone said you're cute" to drive downloads
- Focus on positive interactions among teens
- Emphasized "safe space" and "positivity" in media appearances
Marketing Tactics
- Created artificial scarcity/mystery around himself
- Hosted exclusive parties in LA
- Built following among "legends" in tech
- Used minimal effort approach to seem more sophisticated
- Leveraged success of first exit to build credibility
Key Learning
- Success came from understanding teen social dynamics
- Focused on simple, repeatable concepts
- Prioritized density in social networks over broad reach
- Used personal brand to amplify business success
10:01 - 10:30
Full video: 24:15SP
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.