The Ledger
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Neistat admits Snapchat Stories executed Beme's vision far better than Beme did
“To be honest with you, I was a huge fan of Snapchat stories, and the more I used it, the more I realized they did what I wanted to do, but they just did it way better.”
Neistat: Knowing the reality of startups would have scared me off entirely
“If I knew then what I know now about what it means to start a tech company, I wouldn't have Not only not done it, I would have run as far away from that idea as I possibly could have. It was not knowing, and this has been true my entire career, you know, my en…”
Neistat: Beme's marketing and idea always outshined its actual product
“I think that the idea and the marketing were always better than the product that we were able to build.”
Neistat: Beme acquisition financially secured his family's future
“Probably. Yeah, I think that if we didn't live in New York City or Los Angeles, that, that'd probably be the case. I can tell you that in the terms that I think of, which is, can I now give my children the lifestyle that I've always wanted to give them? The an…”
Casey Neistat: CNN shut Beme down due to lack of rapid growth
“If you look at a company like that, and this is my understanding, if you look at a company like that, they need to see real growth. They need to see a real trajectory for success, and they need to see it fast, and I think that, I don't think we were able to de…”
Neistat started daily vlogging solely to build an audience for Beme
“I thought, you know, I need to really go hard on YouTube to get my audience engaged so when I tell them about this product that they'll, they'll be there for me. And I came up with this idea then to make a video every day, and every day share sort of a story f…”
Neistat: Beme raised just under $500k in initial angel funding
“And ultimately I raised just under a half a million bucks.”
Neistat: MIT professor Sep Kamvar offered $100k as Beme's first investor
“He goes, I'd like to be your first investor. You can put me down for a 100,000 dollars.”
Neistat considers himself excellent at initial project launches, not long-term execution
“I'm really good at being the second man in a bobsled team, which means I get really excited, and I can push really, really, really hard, but the second it launches out of the gates, I just sort of jump in, and I'm like, okay, what now?”