Chapter
The Evolution of Bump and the Acquisition by Google
23:59 - 31:01 (07:01)
In this episode, Dave Lieb talks about the journey of Bump being acquired by Google, the challenges faced during the process, and the evolution of the product.
Clips
The co-founders of Bump, a mobile contact and file sharing app, discuss their struggles with monetizing the platform due to a lack of interest from investors and users not willing to pay for the service.
23:59 - 25:29 (01:29)
Summary
The co-founders of Bump, a mobile contact and file sharing app, discuss their struggles with monetizing the platform due to a lack of interest from investors and users not willing to pay for the service.
ChapterThe Evolution of Bump and the Acquisition by Google
EpisodeDavid Lieb, Creator of Google Photos
PodcastThe Social Radars
The popularity of companies like Facebook and Twitter showed that free products, with delayed monetization plans reliant on advertising, does lead to easier attainment of product market fit.
25:25 - 28:20 (02:55)
Summary
The popularity of companies like Facebook and Twitter showed that free products, with delayed monetization plans reliant on advertising, does lead to easier attainment of product market fit. This is compared to startups offering paid products as users will be hesitant to buy until they are certain they meet their specific needs.
ChapterThe Evolution of Bump and the Acquisition by Google
EpisodeDavid Lieb, Creator of Google Photos
PodcastThe Social Radars
The founder of Bump, David Lieb, explains how after gaining success with their product, they decided to create a photo app and pitched it to top contenders such as Google, Facebook, and Apple.
28:20 - 29:13 (00:52)
Summary
The founder of Bump, David Lieb, explains how after gaining success with their product, they decided to create a photo app and pitched it to top contenders such as Google, Facebook, and Apple.
ChapterThe Evolution of Bump and the Acquisition by Google
EpisodeDavid Lieb, Creator of Google Photos
PodcastThe Social Radars
A founder shares his experience of striking a deal with Google, only to find out that the project had been moved to a different team before they could start, and how he decided not to join Apple.
29:13 - 31:01 (01:48)
Summary
A founder shares his experience of striking a deal with Google, only to find out that the project had been moved to a different team before they could start, and how he decided not to join Apple.