Everything Dan Porter said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Snapchat copied its famous 'streaks' feature from Draw Something
“Subsequently, somebody at Snap told me, oh yeah, we took that idea of streaks from what you guys had done in that game.”
Believing a single feature will save a software app is an illusion
“One of the cool things about working in the gaming space is it changed your mindset so that you're kind of one game always, you're always one game away from something changing the trajectory of the company. And if you're in a website or an app or a product bus…”
OMGPOP saw 50% churn from users who lost their first game
“I understood from our site that if you came onto our site and you played a game, if you and Sam played and Sam won, 50% of the time you would never come back to the site again.”
Porter rehired laid-off OMGPOP employees before Zynga deal to vest options
“There were a bunch of employees who I had to let go, and I just made the decision on my own to rehire them, like, the day before the deal closed so that their options would still vest.”
Porter gave away a $5 million cash bonus from the Zynga acquisition
“Zynga said, here's five million dollars in cash. I could have put that whole thing in my own bank account if I wanted to. And sure. Do I wish I had that money today? Sure. Who doesn't? But like to be able to release that and give it to other people and change …”
Leaving value on the table in negotiations preserves relationships for future deals
“And he said, listen, whenever I do a deal with somebody, I always just leave a little bit extra on the table. Cause you never know when you're going to come back. I want to do another deal with them. And like, you know, the internet is filled with Here's how d…”
Porter avoids hiring MBAs because business school narrows creative thinking
“I have this thing where I just, I really don't like to hire people who went to business school and I'm kind of anti-MBA because to me, if there's a funnel and it starts when you're like five years old and you ask, why is the sky blue? Why do people walk on two…”
Word-of-mouth virality works best in small, tight-knit communities
“Word of mouth works in a very small, tight-knit community. So it works in a liberal arts college of 5000 people. It works in a country like Sweden, you know, at a giant university or somewhere else it doesn't.”
Draw Something peaked at 25 million daily active users
“On a DAU basis, we had at least twenty-five million people playing every day which was gigantic at that time. We ultimately were downloaded two hundred and fifty million times.”
Startup acquisition leverage comes from understanding the acquirer's strategic imperatives
“So sure, you're super valuable, but they're all playing a much bigger game. And if you can understand that, that's where your leverage is.”
Overtime's viewership grew every time they removed stats and metadata
“Every single time I removed one piece of metadata, it got bigger.”
Deep product knowledge often hinders a founder's ability to tell simple stories
“There is some abstract simplification of the core of what makes everything great. And the more you know about it, the worse you get and the further away you get at telling that story.”
OMGPOP averaged 4.5 hours of user time on site
“Our average time on site was like four and a half hours”
Zynga used two law firms working 24/7 to close OMGPOP acquisition
“So they hired two law firms. One worked the 1:12 hours of the day on the deal. And then the other one worked the 2:12 hours of the day of the deal. And the whole deal got done in nine days”
Ari Emanuel called Porter every day for four months to recruit him
“When he wanted me to work there, he just decided he wanted me to work there and he called me every single day for four months.”
Overtime used logo shirts to thwart content thieves cropping out watermarks
“Part of the reason that I created this, like, shirt with the O that, you know, eventually all the talented people who worked for me made way better and bigger was that people used to steal our content all the time. So we'd go and we'd cover somebody and they'd…”
Overtime refused to sell its branded shirts for two years
“The biggest thing we did is for two years, we refuse to sell it. Well, you can't buy one of those shirts. Like you have to be on overtime to have that. And then eventually you create so much pent up demand.”
Overtime Elite produced four NBA draft lottery picks in two years
“We have this basketball league. We have the number two pick in last week's NBA draft. We have the number eight pick. We have four lottery picks in two years.”