Disclosure
Schwartz: Whop avoided announcing its fundraise because customers do not care
“We didn't announce the fundraiser, I think, because, like, that our goal is not to raise money, and I think our customers don't really give a shit about how much money we raised, or anything like that, and I think it's more distracting than not, and, Even the …”
Assertion Not checkable as stated
Schwartz claims Whop Content Rewards offers 5x to 10x cheaper CPMs
“It's called content rewards. It's basically kind of think about it like a, probably a five to 10 X cheaper CPM than any other platform that exists right now.”
Insight
Schwartz: The best talent pool for tech companies is their own userbase
“I think that the best place to recruit from companies broadly is actually your user base. They know the product well, they're building for themselves, and I think that we have a saying, it's built, you're your own customer”
Disclosure
Schwartz: Whop abandoned Slack and Discord to run entirely on its platform
“We don't use anything else other than WAP. We don't use Slack, we don't use Discord, everything's on WAP”
Disclosure
Schwartz: Whop rejected an early acquisition offer six months after founding
“So when we first started, we were bootstrapped for like the first six months and then someone tried to acquire us and we said no and raised our first money from a couple of people.”
Assertion Not checkable as stated
Schwartz: Video clipping is the fastest-growing earning method for Whop users
“What's happening right now is we're having, it's the fastest growing way people can earn on WAP right now.”
Insight
Schwartz: Gen Z differs from Millennials by prioritizing fun at work
“People are making a lot of money by making funny memes, and like, that's a complete shift of, like, value creation, and I think the Gen Z's all over that, and they must bring fun into work, and that is, I think, the key difference of what millennials versus Ge…”
Assertion Not checkable as stated
Whop reached hundreds of thousands of monthly buyers before adding community features
“And then before we knew it, we had a couple 100,000 people coming to the site each month and buying something.”