First, some context:
- Loom was founded in 2015 by
@yoyo_thomas, @vhmth, and myself
- Fascinated by video in the workplace and wanted to build use cases against it.
- We built a user testing marketplace (failed) → pivoted to SaaS (failed) → Loom ($325M valuation 5/'20)
Launch (0-3K users)
- Launched on
@ProductHunt, social media, etc
- Launch week growth was a result of us being the #1 product of the day on PH
- If you want to learn how we converted our launch traffic into real users,
@vhmth wrote an excellent piece:
https://t.co/VDxG5lDa5U
Understanding early growth (3-10K users)
- Given the product was entirely horizontal, we needed to understand our key personas.
- We emailed *all* users a short survey and asked respondents for a 10 min call to talk through their use cases.
Personas we identified:
Building & testing early experiments (10-25K users)
- In parallel, we started to introduce early growth levers to drive more users to the product.
- 1st experiment: Video player watermark (for embeds, downloads, etc)
- 2nd experiment: End of Video CTA (still live today)
Onboarding checklist (25-100K users)
Understood our leading indicator & turned it into a "Get Started" checklist that encouraged new users to:
- Verify their email
- Record their first Loom
- Customize the Loom
- Share their Loom with a colleague
- Enable browser notifications
Onboarding checklist [cont.]
What did we learn? People love completing checklists.
We experimented *a lot* with this checklist:
- Order we displayed our checklist items
- Added a "% complete" in the navigation
- Collapsable widget on your video page with remaining items
- etc
Next week, I'll talk about how Loom grew from 100k-500K users.
I'll dive into how we began to scale, our referral program, use cases, and how we built 1:1 relationships with our early champions.
Be sure to follow me to not miss out on the next tweet 🙂