I wasted 10 weeks of my life and $1900
reddit.com
reddit.com
Ten weeks?
To build a community?
To build a base of dedicated users and begin to reap the network effect that keeps existing users on the site, and draws in new years?
In the early 2000s, I launched something like an early "social networking" site for geek dating.
We built a strong community and actually were pretty profitable with direct subscriber revenue, though it was never quite enough to quit my day job and I eventually (reluctantly) moved on because of other things happening in my life.
Anyway, we were open for THREE YEARS before I charged a dime.
That's how long it took me to build a community.
I focused on community building/management while I built out the site's functionality. This was very active, hands-on community management on my part. Now, three years is a long time. Maybe somebody could do it in less time. Especially if you had a partner or a team.... I was a lone wolf who was also working some consulting gigs to pay bills.
Maybe it doesn't need to be 3 years, but 10 weeks is beyond a joke.
Bloody hell, I wasted 11 weeks and $2600 so far.
Thankfully I was about 17 years old thus had the time and energy to do it.
I had a project that I worked on with a friend, we already had a small audience that we where bringing over from a previous project so we weren't starting from scratch. Even with all this help it took at least a year before there was a decent community of regulars.
Do you know what they did? They didn't focus on one community - they faked it. Thousands of fake posts with fake comments. All scripted.
Then one day they started seeing posts they didn't write and it took off.
Reddit was built on lies and you can too :)
[0] https://www.reddit.com/r/MuseumOfReddit/comments/1hrzax/the_...
[0] https://www.reddit.com/r/juststart/comments/dkyq92/how_i_was...
This is the worst possible interpretation of OP's venture, and must be written by a 12 year old if $1900 is "stupid money"
Edit: I'm not saying that $1900 is not a significant amount of money to many people in the world. But it is NOT a lot of money in the context of developing/marketing a tech product in the first world.
> If OP had done any research, he would have realised "Russian Reddit clone" was not a good idea with a real likelihood of success. Way too ambitious.
> If OP had planned, he wouldn't have stumbled around aimlessly for 10 weeks and would have understood success, especially when growing any type of "community" based project, takes time.
I've now pasted 60% of the comment, and none of it is useful or actionable and is all rather insulting..."stumbled around aimlessly", "not a good idea", "throwing shit at a wall", these are trash statements and no budding entrepreneur should listen to them.
I'll also add that OPs approach is a typical "move fast and break things" method of finding a product-market fit, and it seems to me that OP did stumble upon a product and a market in a discussion platform for cancer patients. They need a monetisation strategy, but for somebody to turn around and say this is "shit" and was "aimless" is useless and shouldn't be encouraged.
How long might it take for a self-sustaining community to emerge? Surely longer than 6 weeks unless you pour a massive amount of money into ads or other pump-primers.
To be honest, the approach did resonate as fairly “aimless” to me. You may have a different opinion and that’s also ok.
Edit to add: “throwing shit against a wall and seeing what sticks” is an idiom of sorts. It does not mean that the literal thing being tried is being called “shit”.
Well, many people cannot get their hands on $2k readily to just burn away. I mean there are many articles like [0] and that is only the US, this is ofcourse far far worse in poorer countries so for a lot (majority?) of people in this world $2k is in fact "stupid money". And these people are not 12.
[0] https://money.cnn.com/2018/01/18/pf/lack-of-savings-cover-un...
I'd say most people "choose not to" save $1k than "cannot". I saved up a reasonable amount of money on $14/hr in Boston after graduation by living with roommates, not having a car, living frugally, etc. And conversely, I know plenty of people (developers even, who make lots of money!) who don't have that much saved.
I agree with you having savings or not might not be relevant of how much $1900 is, but that article was only one example and to me it seems relevant because if you don't have it in savings, how would you risk quitting your job? The tone of the reddit post shows that this person considers this actually to be a lot of money and from what I see I would say most people on earth would consider it a lot of money. The fact that you or I don't consider it to be a lot is kind of the echo chamber of HN we are in.
"There are more things in heaven and earth, Horatio, than are dreamt of in your philosophy."
$1900 is "stupid money" (as in hella expensive) for 1/3rd of the world's population. For some, it's more than they make in a year -- and yes, those places still have digital entrepreneurs.
And even in more economically advanced countries, $1900 can still be a lot for many demographics, even in the US, for e.g. a student or someone barely making the rent.
In 2018, the minimum wage in Russia was 11163 rubles per month, which is $174.6 per month. So, it would take a person working for a minimum wage 10.8 months to earn $1900.
For comparison, the minimum wage in California is $11/hour, so assuming a 40 hour work week, in 10.8 months a minimum wage worker in California would make $19,008. I'd guess that you would consider $19k to be a significant amount of money to spend on a project like this?
My point is, while you are right that $1900 is not "stupid money", it might still be a significant amount of money if the OP lives in Russia.
In fact, I'd think that a lot of people living in the United States would think that $1900 is a significant amount of money, especially for a risky side project.
It's even more dramatic than that however. The person earning minimum wage in Russia will never possess $1,900 in loose capital to spend on such a venture, as they don't have enough buffer beyond expenses to accumulate it. At $174 per month, saving 20% of that, it would take five years, and during those five years something would inevitably happen to consume the savings base (stray emergency need or other life event).
It's one aspect of the brutality of being poor, whether in Russia or the US or wherever. You rarely have breathing room above basic life expenses to accumulate anything. Opportunity almost always has a financial cost associated with it, a get-through-the-door dollar cost (whether that's buying equipment, renting commercial space, or just affording the free time to do a thing).
For the majority of the world $1,900 is more savings in terms of liquid cash (eg in a bank account), than they will ever have at a given point during their lifetimes. It's exceptionally hard for the majority of people to put that together.
3 weeks. And they declared it a failure. Wow. I know "failing fast" can be a virtue in letting you move on to the next thing, but this is too much.
Getting even nominal amounts of free traffic and engagement in that time period is a "win". Give it 6 months of grass roots, a bit of time for network effects to appear at all. Why would they have any sticky users when there is practically no content yet? Let the slow free traffic gradually build some. Then maybe get some paid traffic, who will have a reason to stay around.
Sure, they still might have failed then too, but then at least it would have been a true failure, for the right reasons.
Maybe it's my social context...
There would be NDAs and lawyers and dire warnings of secrecy until we finally got to the bottom of what they wanted. Basically Facebook or Google, but on a budget of about 50p and the vague offer of some stock.
Unsurprisingly, we’d tell them where to go.
It was a disaster :)
10 weeks are a little more than two months. That's nothing, wouldn't even be enough to build something good enough, much less to test it, and even less to test it 3 times.
So let me rephrase: "Only 10 weeks are spent to create a minimal product, and shallow barely-test 3 different hypotheses before giving up".
It can take years (plural) for such a service to pick up.
You can quickly test, of course, but don't expect this "10 whole weeks" of testing to tell you anything insightful...
You just know that your service didn't hit the jackpot and became viral from day one...
>Everything began from the moment a severe Reddit addiction started to develop, it went so far that I fully stopped visiting Instagram and Facebook.
I also LOLed at this in the intro. The problem with the Reddit addiction was that it prevented ...being as addicted to two other social platforms...
This approach is probably especially damaging if the product is a social platform that you are starting from scratch.
An MVP could be a year long or more process -- it's just about not building excess functionality not needed to test the waters.
https://arstechnica.com/information-technology/2012/06/reddi...
It is of course a discipline in it's own right, which deserves to be done well. Bad advertising profits you nothing, like badly done anything else profits you zilch.
The egg is of course the (main) activity that people are doing on your respective social network.
Again, this has to be done well. People need a reason to stay. GooglePlus circles is something, you know, people ain't like that.
Look at Gab.com and other successes based on Mastodon. They are very different, but most of them have the same reason for their success: people can post things there, that would get them banned on FB or Twitter.
Look at Microblog.com, you have to pay. People like that, because it makes sure only serious people are on there, which means your connections tend to be more serious.
Creating a better Reddit has been a brain storm side project I’ve been working on for years. The Internet needs it now more than ever. But after my $100k bet on VR I’m now more deliberate.
Anyway, this kid spending ten weeks on his side project is pulled out of a different era. Such experiments may have yielded fruit a decade or two ago.
My startup is still preseed and I have a few angel investors. When I pitched I had done some research but didn't truly understand the market. Basically the industry I'm is massively fragmented, and each segment has very different access requirements.
There's still money to be made, but not the sort of money that attracts VC and no express rainbow to a pot of gold. I would have done things very differently had I known what I know now, but a revenue generating business that could break even in a couple years is a pretty hard sunk cost to swallow.
But it’d make a way more dramatic headline.
One thing I've realised though is that the barrier to entry for creating a social network has gone up significantly, because when users come to your network they expect the same experience that they get from other networks like Facebook, Twitter, Reddit, Quora, Github, LinkedIn, Medium and so on. Things like:
- A highly relevant, non-repetitive newsfeed of fresh stimulating content.
- Customizable and respectful notifications
- Super tight privacy
- Rich UIs for creating content and comments
- Openness (RSS, ActivityPub etc.)
If you aren't able to deliver the same experience as venture funded social networks as a bootstrapped 2 person team, users typically bail. This in turn stops the network from growing and becoming more useful. Many companies like Quora, LinkedIn and Medium also pay people full-time salaries to produce content that brings people in.
This in itself is a good idea. It worked for Lobsters and HackerNews, and one of the things that went wrong with Voat:
https://battlepenguin.com/tech/voat-what-went-wrong/#too-man...
A service that he created (I assume direct cost zero) without a big community (so server costs should be very low) and VK's advertisement with no engagement rate.
Did he spend almost 1900 in advertisement? Jeez...
That's hardly 1 normal attempt.
I like this quote. Like another Russian proverb meaning "fight fire with fire".
People want to communicate about what's fun, not about what's a hassle.
I don't remember how Reddit started but I remember one of the first r/s that got big was Aww.
There was a very nice example a couple of weeks ago on how before the network effects kick in you need to give people a reason to go to your site and use your service. Nothing like that happened here.
There are people spending more to learn less. Seems like good value to me. Best of luck with your next venture, if you're reading.
#letterkenny
Did that guy really think you can go from scratch to success and fame in 2 months? Especially with such a small investment?
No amount of market research/planning/mvp asap will address that.
Something is learned, on next fail something else could be learned, but third or fourth time big things can happen.