Smith: Natural gas forward curves are flat through 2030 at $3.50-$3.60
“Gas, which is currently at three dollars and 50 cents, three dollars and 60 cents, going out to 26, 27, in 28, the curve is flat. 20, 29, 20 30, the curve is flat because people believe the gas is abundant.”
Coogan: China imports 74% of its oil and 42% of its gas
“China imports 74% of its oil supply and 42% of its gas supply.”
Beauchamp: Solar and wind are merely additive to record fossil fuel use
“If you look back to 1800, even biomass today is used more than it was in the 1800. Oil is used more. Gas, coal, everything is used more. And solar and wind were simply additive.”
Bier: Gas launched at the exact same school as TBH five years later
“Yes, actually. We launched at the exact same school that we launched TBH on the exact same day, five years later.”
Gas required roughly nine launches and reinvented growth systems to work
“So we actually had to reinvent all the growth systems, and it took about, I think, like nine launches, including renaming the app, including Like features that just never existed on a TV.”
Bier: Gas received daily messages from users reconsidering suicide or self-harm
“But with gas, I think we received a message every single day about from a user telling us that they reconsidered suicide or other forms of self-harm.”
Bier: Gas boosted unvoted users into polls more frequently
“We actually built a system to ensure everyone got a vote. And we, what we did was we put your name in polls at a higher frequency to if you weren't being voted on recently.”
Bier conditioned a Washington Post interview on an SEO headline clearing Gas
“We met with journalists, reporters to make sure that the number one match, every time you search gas app, human trafficking was gas app is not for human trafficking. And so that ended up being the Washington post headline. We insisted that that be the headline…”
Bier: Gas lost 3% of users daily during trafficking hoax
“And at the peak, we had three percent of users deleting their accounts per day. So it was like really catastrophic, like it was a catastrophe for an app. And we got it down to .1% through relentless, relentless effort.”
Bier: App survival during a hoax requires keeping hoax virality below app virality
“The key thing that you have to know, though, when you have a hoax spreading about your app is you really have to make sure the hoax is less viral than your app.”
Bier: Gas had zero outside investors and generated pure cash flow
“And so we ended up being, you know all, all just pure cashflow for the team. No, we had no investors.”
Bier: Three companies bid to acquire Gas before sale to Discord
“We ended up getting yeah, three, three companies that wanted to buy it. Won't be able to sell them, but ultimately we ended up selling to discord.”
Bier: App invites cluster by gender, making masculine branding critical for virality
“When you invite someone to an app, regardless of the app, you generally met boys invite boys, girls invite girls to apps and boys didn't want to invite their friends to an app called crush a pink with a pink icon.”
Bier: Rebranding to 'Gas' with a black flame icon increased invite rates
“The app indexed about six, 60 to 65% women. So we were just like, let's make the app more masculine and see what happens. We need balance on this. So we made the icon black with a flame, called it gas, and the invites rate jumped.”
Eggers: Power sector will miss load growth without faster gas buildout
“So that's going to have to change or go much faster. We're just not going to meet that load growth.”
Lomborg: Cheaper gas prevents 12,500 cold deaths annually in the US
“We estimate cheaper gas Meant that 12,500 people did not die from coal every year in the US.”
Puri: Nikita Bier's Gas made $7M to $8M gross revenue in six months
“I think in basically, like, a six-month span, it made, like, seven or eight million dollars in, you know, gross revenue with, like, you know and, you know, it was very profitable for him in that period of time, then he sold the thing”
Lacey: Gas replaced retired New England plants due to NIMBYism, not renewables
“But in New England, because of interconnection constraints and lots of nimbyism, gas has pretty much filled in the gap, not utility-scale wind and solar.”
Schneider: Hydro and gas dispatch in parallel across US power markets
“If you looked last summer in the United States, in every power market where you have hydro and you've, you pulled up the dispatch curve, the daily dispatch curve of assets in a particular ISO, what you'd see is if you have hydro and you have gas, Hydro and gas…”
Gas app reached 10 million downloads and $6 million revenue before acquisition
“One of his last tweets about the app before the acquisition said they had had like, ten million downloads and six million in revenue, which is just amazing.”
Bier: Gas prevents anonymous bullying with pre-written, uplifting friend polls
“So the way that we've designed Gas Gas is similar to a lot of anonymous apps that exist in the App Store today, but many of those have been plagued by bullying, and we use a novel mechanic where you answer polls about your friends that we write, and we make al…”
Lieberman: Gas app reached 30,000 downloads per hour at its peak
“I last saw Nikita say that they're getting 30,000 downloads of the app an hour”
Pujji: Founders should not build startups expecting a rapid acquisition
“I wouldn't now tell anyone listening to ever try that. Like if that happens, if you're Nikita and in nine months, they buy you for a hundred million. God bless. Like that's amazing. I don't think that's the norm.”
Lieberman: Gas bootstrapped to a massive scale with only part-time staff
“What I'll also say is I bet they are printing money right now because they haven't raised any money. I looked on LinkedIn. There's three co-founders, and then two or three other people working on this, but all part-time, and I think a very high percentage of p…”
Lieberman: School-by-school distribution creates network effects for social products
“So in the context of gas, by them going high school by high school, the high schools are the hubs and the high school students are the spokes. And the amazing part about this model for a social network is there are network effects built in. So for something li…”
Chamath Palihapitiya: US gasoline prices could reach $7 per gallon nationwide
“They're going to get worse. We could have seven dollar gas. Broadly, broadly, we could have seven dollar gas all throughout the country.”