I’m Greg Isenberg, CEO of Late Checkout. AMA 🔥

@joshrweinstein Is there a backstory here that I don't know? Sounds like a strange question to ask. Why would 6 people upvote this?!!!

@hodamehr1 uh, he's hot duh?

@joshrweinstein Not single, sir!

@greg_isenberg <3

@joshrweinstein <3

@hodamehr1 1. Events 2. NFTs 3. Cohort based courses 4. Ask your audience what they would pay for. What are their pains? Build a prototype and charge for it monthly 5. Funds (ie: so many newsletters have funds now like Not Boring with Packy which is a great newsletter/great fund)

@greg_isenberg Thanks! We already have subscription, and that's been growing with a good pace. Wonderfing if you have seen examples of community-based funds that have succeeded? Thanks

@sat2 We're solving this problem with Playgroup. Let me know your thoughts https://playgroup.community/

@sat2 I'm so happy you asked this. Twitter is pretty good at broadcast (getting your message out there) and Discord is pretty good at intimacy (having small group conversations). That being said, both are far from perfect and I expect many startups to compete over the next 6-12 months. Example: Metalink.com (disclosure: Late Checkout invested) is an NFT-native Discord. More will come out.

@davidsawyer1 1. avoiding venture capital 2. service businesses are a good time and a good business if you structure correctly

@greg_isenberg ☝️☝️☝️ Controversial but god damn, so true. Especially #1 - got the same feeling after watching so many YC videos and seeing products like Pipe thrive

@vulturecaptlist Product strategy

@vulturecaptlist @greg_isenberg Do you think we should gather feedback from users monthly or quarterly? Our current strategy: we do monthly changes to serve our users better. Would like to hear your thoughts on what is the most effective product strategy technique for an app.

@vulturecaptlist @jessie_m Have a group chat and speak to them often. Monthly doesnt sound like enough!

@vulturecaptlist @greg_isenberg Oh I like the idea, thank you so much for sharing your perspective, much appreciated!

@vulturecaptlist @greg_isenberg @jessie_m Yea I have a. background in user research. and I'd say talk/listen to 3-4 users at least once a week.

@dawidzamkowski 1. Why you don't focus on one product to grow it to unicorn but make few ones under studio? More fun/creative to work on multiple products 2. How did you start studio? Did you get funding? How do you pay your employees at the beginning? Please expand. Self-funded it. 3. How long did you think about your studio name? Do you think this is important? Same for domain. I keep an iOS note of words/phrases I like. I launched an event series in Brooklyn called Late Checkout. I took it from note to event and really liked it. It just stuck 4. What are you the best products and why? That's like choosing a favorite child! 5. What your communities are you the most proud of? Crypto College. So cool that people have been learning, building and collaborating which each other and I brought them together. Warms my heart! https://cryptocollege.latechecko... 6. If you could pick one project to focus on as first time founder - maker, what would you make and why? One that you can stop thinking about and that will can set you financially free 7. What cryptos do you hodl? Lots but I'm mostly ETH with some BTC/SOL/LINK/MATIC (not financial advice) 8. What question would you like to get but nobody asked before? Are you having fun? No one asks that and more people should. (the answer is hell yes!) 9. Top 3 newsletters, blogs, YT channels and people on Twitter to follow. 1. Andrei Jikh (demystifies finance and that's crucial) https://www.youtube.com/c/Andrei... 2. Jack Butcher (understands the power of design + memes and that's crucial) https://twitter.com/jackbutcher 3. The Late Checkout Newsletter we just launched called Room Service (biased) https://www.getrevue.co/profile/...

@greg_isenberg Thanks! I see that your products are still coming. So, you don't have any revenue from them beside community? What are your streams of income? I think running studio like that costs a lot of money.

@dawidzamkowski Some of our products make money so we reinvest in the studio

@greg_isenberg which ones? Do you have "open startup"? Where can I find your portfolio? I'd love to study them a bit. Do you get an investors for your products? If yes, on which stages? How do you build a relationships with investors?

@dawidzamkowski We keep it low key. 2022 we'll come out a bit more public with what we're behind. We haven't raised external capital for any of our studio products.

@phimema I cant comment on Reddit's strategy unfortunately. All opinions here my own!

@bryson_m_ The "metaverse" has been taking off since 1995 IMHO

@imdaeshawn Metrics to track: 1. Daily active users (DAU)/total users = 50%+ 2. DMs/group chat messages = I call this the friendship index. How many people are talking in the main channels and moving to DMs to build friendships 3. A health metric of your choosing. iI's important that your community isnt toxic. How I'd go about acquisition/engaging: Build rituals and create channels around milestones. Give people reasons to come back! If you do this, word of mouth will generate and that solves your acquisiton problem. I might also start by making it invite-only at first to build buzz.

@gregmushen NFT communities that actually add something new/cool to the ecosytem/world and how do DAOs play a role in coordinating people/communities/capital