Episode
#409 - Andrew Chen - An Angel Investor's Secrets For Rapid Growth
1:05:20
Published: Sat Dec 11 2021
Description
Andrew Chen is a General Partner at Venture Capital Firm Andreessen Horowitz, an author and Board Member at Maven, Substack and Clubhouse. Andrew has worked with some of the fastest growing companies on the planet. He was head of Global Driver Acquisitions at Uber and an early investor in Clubhouse, plus he's spent 3 years researching companies like Tinder and Substack to deconstruct how they use network effects to supercharge their growth. Expect to learn how running college parties can help launch a dating app, Andrew's biggest lessons from his time at Uber, the strategic differences between launching and growing an audience, the most pointless metrics that businesses focus on, the most common mistakes companies make when launching and much more... Sponsors: Join the Modern Wisdom Community to connect with me & other listeners - https://modernwisdom.locals.com/ Get a $5 discount on Magic Spoon’s amazing cereal at https://magicspoon.com/modernwisdom (use code MODERNWISDOM) Get 20% discount on the highest quality CBD Products from Pure Sport at https://bit.ly/cbdwisdom (use code: MW20) Get a Free Sample Pack of all LMNT Flavours at https://www.drinklmnt.com/modernwisdom (discount automatically applied) Extra Stuff: Buy The Cold Start Problem - https://amzn.to/3lPTs7M Check out Andrew's blog - https://andrewchen.com/ Get my free Reading List of 100 books to read before you die → https://chriswillx.com/books/ To support me on Patreon (thank you): https://www.patreon.com/modernwisdom - Get in touch. Instagram: https://www.instagram.com/chriswillx Twitter: https://www.twitter.com/chriswillx YouTube: https://www.youtube.com/modernwisdompodcast Email: https://chriswillx.com/contact/
Chapters
Andrew Chen shares his experience and insights on how running college parties helped launch a dating app, his biggest lessons from working at Uber, the most common mistakes that companies make when launching, and more.
00:00 - 03:28 (03:28)
Summary
Andrew Chen shares his experience and insights on how running college parties helped launch a dating app, his biggest lessons from working at Uber, the most common mistakes that companies make when launching, and more.
Episode#409 - Andrew Chen - An Angel Investor's Secrets For Rapid Growth
PodcastModern Wisdom
New products must overcome the "cold start problem" of having no users; a phenomenon that inhibits growth as networking effects depend on user engagement, meaning that a product becomes more valuable to more people when there are more users.
03:28 - 31:41 (28:13)
Summary
New products must overcome the "cold start problem" of having no users; a phenomenon that inhibits growth as networking effects depend on user engagement, meaning that a product becomes more valuable to more people when there are more users. Start-ups targeting niche communities tend to grow over time, resulting in successful social media platforms, apps, and corporations that overcome the problem.