Everything Derrick Fung said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Drop Converted Brand Cease-And-Desist Letters Into Partnership Pitches
“We did get cease and desist letters. We called it communication and discussion whereby we actually reached back out and said, Hey, like or sorry, conversation and discussion. And so we said, Hey, you know, we know you sent us a cease and desist. Okay. You know…”
International Founders Should Launch in the US Market Immediately if Possible
“I do give founders now advice if they can launch the US right away, just do it. Because I look back and, ah, there is nothing, you know, Canada, US, like there, we learned there wasn't a big difference in the market.”
The Net Average Number of Mobile Apps Consumers Download Annually Is Zero
“The average number of apps that a consumer downloads a year is zero. They delete just as many apps as they download.”
Early Instacart Shoppers Faced Police Calls for Unauthorized In-Store Shopping
“If you look at, yeah, companies like Uber, even Instacart, you know, I met not too long ago, the early CFO of Instacart who they would get like the police called on them because the shoppers are illegally going into like a grocery store without permission and …”
Running Pre-Launch Ads Could Have Increased Drop's Early Valuation
“Maybe, maybe, you know, run ads before raising money and then use that. And, you know, maybe we would have raised more money or got a better valuation because we had more data.”
Drop Fixed Negative Margins in 2019 Following Shifts in VC Focus
“We made them because, you know, now it's like 2019 and, you know, to fundraise, there was a big focus on unit economics and payback and all of that. And I think you know, you didn't, It didn't have to be fully solved, but we needed a story. And as we were oper…”
Drop Gained 25,000 App Downloads in One Weekend Via Snapchat Influencer
“Literally over a weekend, we get like 25,000, you know, downloads from one influencer at like a dollar CPI.”
Drop's US Launch Outperformed Its Canadian Market in Engagement and Retention
“Everything was better. Like consumers were more engaged. It was cheaper to acquire. They were, you know, more retentive on the product. Like everything was just better.”
Drop Reached Tens of Thousands of Installs Before Raising Seed Funding
“I think tens of thousands of installs, and then we did the seed round, and then hundreds of thousands when we did the series A.”
A Product Market Fit Show 1