Wish's superpower is leaving no room for taste or opinion. It's what happens when a machine builds a company based on data. The founder didn't plan to sell cheap goods to low-socioeconomic customers, but where the data took him.
The most sophisticated growth team no one talks about: @WishShopping
1. The #1 shopping app in 40+ countries
2. Rumored to often be the #1 spender on FB and Google
3. 2 million items sold daily
I sat down with @cplimon to learn about the notoriously secretive company. Read on 👇
Wish's superpower is leaving no room for taste or opinion. It's what happens when a machine builds a company based on data. The founder didn't plan to sell cheap goods to low-socioeconomic customers, but where the data took him.
cursed wish ads pic.twitter.com/eMlx4LqgKA
— big meaty claws (@leisurepIex) June 4, 2019
Most of Wish’s initial sales came from places like Florida, greater LA county, and middle-America. Specifically, zip codes with 95% Spanish speakers. Later, Africa, Latin America and Eastern Europe (avg household income $18,000/year)
Even though Wish grew primarily through paid ads, they recognized they also had a perception problem. e.g. The top Google search result for Wish was "is Wish a scam." So they invested in brand campaigns, partnering with respected brands.
The founder, Peter, is the Michael Jordan of growth & performance marketing. He understands how every moving piece impacts every other piece. But with that, he maintains complete control of what everyone does at the company.
Wish started as a free wishlisting product (get it?), and with that acquired a ton of free demand. They then went to the merchants of the most wishlisted products (in China), and offered this demand to them if they would sell their products on the platform.
Wish helped invent what is now one of the most significant products within Facebook ads: Dynamic Product Ads. This gives companies the ability to upload a giant list of product SKUs, which FB pulls from to run ads dynamically.
* Efficiency: Probably had a record of GMV to headcount ratio, several million GMV per employee for a long time
* The right timing: Wish was possible because of the combination of growth of smartphones + emergence of FB ads + Peter's unique skillset
* Stunts: Wish also sponsored the Mayweather/MacGregor fight, and some of the world's most successful soccer players
https://t.co/VavQ59kUl4
More from Lenny Rachitsky
Matt Mochary has been CEO coach to @naval, the founders of OpenAI, Notion, Rippling, Robinhood, Coinbase, Reddit, Plaid, Flexport, Opendoor, partners at Sequoia, YC, Benchmark, and many others.
He also open-sourced his entire curriculum, templates and all. Here's a link 👇
The Mochary Method Curriculum ➔ https://t.co/A8J51IzYhz
My recent conversation with @mattmochary where we talk about fear, anger, innovation, how to lay people off well, and his coaching practice ➔
Also in podcast form ➔
For more from Matt, buy this book
He also open-sourced his entire curriculum, templates and all. Here's a link 👇
The Mochary Method Curriculum ➔ https://t.co/A8J51IzYhz
My recent conversation with @mattmochary where we talk about fear, anger, innovation, how to lay people off well, and his coaching practice ➔
Also in podcast form ➔
For more from Matt, buy this book
Earlier today, I gave a talk at the @SubstackInc's writer conference about building a writing habit. Below are the ten concrete strategies I shared that have helped me publish a post every week for 1.5 years 👇
0/ First of all, just sharing advice about this topic gives me serious impostor syndrome because writing is still pretty new to me, and I have much to learn. But these are things that have helped me, and I hope they'll help you.
1/ Strategy 1: Commit publicly
This was maybe 50% of my initial motivation. Having told people I was going to write weekly made me feel bad when even thinking about skipping a week. It gave me just enough nudge to keep
1b/ You don't need to make this super public. Just sending an email to a few friends regularly with your concrete goals about writing (and anything else) works wonders.
1c/ If you *really* want to be motivated, ask people for money. Nothing motivates you more than people paying you for regular
0/ First of all, just sharing advice about this topic gives me serious impostor syndrome because writing is still pretty new to me, and I have much to learn. But these are things that have helped me, and I hope they'll help you.
1/ Strategy 1: Commit publicly
This was maybe 50% of my initial motivation. Having told people I was going to write weekly made me feel bad when even thinking about skipping a week. It gave me just enough nudge to keep
I'm kicking off an experiment. Inspired by the great @joulee, and building off of the great inbound questions I continue to get from ya'll -- I\u2019m going to start using my newsletter to answer your questions. \U0001f44b
— Lenny Rachitsky (@lennysan) September 12, 2019
Sign up belowhttps://t.co/z1F1efMcue
1b/ You don't need to make this super public. Just sending an email to a few friends regularly with your concrete goals about writing (and anything else) works wonders.
1c/ If you *really* want to be motivated, ask people for money. Nothing motivates you more than people paying you for regular
Life alert: I\u2019m adding a paid plan to my newsletter \U0001f91e
— Lenny Rachitsky (@lennysan) April 7, 2020
After much prodding from readers and friends, I\u2019m going to take the leap and give this life-path a shot.
Consider subscribing and joining me on this journey \U0001f64fhttps://t.co/gtFm4POGSQ
More from World
-Thread-
The Bolshevik Revolution was Jewish, 6/8 Soviet leaders from Lenin to Gorbachev were Jewish AND all three Presidents since the (fake) fall of the Soviet Union are Jewish
Lenin✡️
Stalin✡️
Khrushchev✡️
Brezhnev✡️
Andropov✡️
Gorbachev✡️
~
Yeltsin✡️
Medvedev✡️
Putin✡️
First Soviet government mostly Jewish:
Funded by International Jewish bankers;
https://t.co/qdmhsmSRFz
Ariadna Tyrkova-Williams on Bolshevik revolution:
“In the Soviet Republic, all the committees and commissaries were filled with Jews”
https://t.co/iysRhViRe3
Lenin:
"Russian-Jewish newspaper Yevreyskaya Tribuna , 22nd August, 1922 - Lenin asked the rabbis if they were satisfied with the particularly cruel executions."
https://t.co/vWoUqvmXc4
Stalin:
B’nai Brith report - Stalin is Jewish (pg 35)
https://t.co/Km9UClfrRt
Stalin's Jewish mother (Jewish Cup Kiddush covered with a shroud - on the grave of Stalin's mother) https://t.co/XXAkeC6wID
Soviet Analyst, Volume 31, Issues 1-7
https://t.co/ycZG4XshNC
Khrushchev:
Nikita Salomon PEARLMUTTER. (img 1) https://t.co/aVLCetMf3w
Another source for Pearlmutter (img2)
https://t.co/m6JzRrD1BJ
"Khrushchev, also, promptly added that the Soviet Government is based today on Jewish leadership"
https://t.co/4lg7XZJON8
The Bolshevik Revolution was Jewish, 6/8 Soviet leaders from Lenin to Gorbachev were Jewish AND all three Presidents since the (fake) fall of the Soviet Union are Jewish
Lenin✡️
Stalin✡️
Khrushchev✡️
Brezhnev✡️
Andropov✡️
Gorbachev✡️
~
Yeltsin✡️
Medvedev✡️
Putin✡️
First Soviet government mostly Jewish:
Funded by International Jewish bankers;
https://t.co/qdmhsmSRFz
Ariadna Tyrkova-Williams on Bolshevik revolution:
“In the Soviet Republic, all the committees and commissaries were filled with Jews”
https://t.co/iysRhViRe3
Lenin:
"Russian-Jewish newspaper Yevreyskaya Tribuna , 22nd August, 1922 - Lenin asked the rabbis if they were satisfied with the particularly cruel executions."
https://t.co/vWoUqvmXc4
Stalin:
B’nai Brith report - Stalin is Jewish (pg 35)
https://t.co/Km9UClfrRt
Stalin's Jewish mother (Jewish Cup Kiddush covered with a shroud - on the grave of Stalin's mother) https://t.co/XXAkeC6wID
Soviet Analyst, Volume 31, Issues 1-7
https://t.co/ycZG4XshNC
Khrushchev:
Nikita Salomon PEARLMUTTER. (img 1) https://t.co/aVLCetMf3w
Another source for Pearlmutter (img2)
https://t.co/m6JzRrD1BJ
"Khrushchev, also, promptly added that the Soviet Government is based today on Jewish leadership"
https://t.co/4lg7XZJON8
All the leftists in the comments like oh no prageru made a good point lol
Polls consistently show conservative support for nuclear energy. It also has high support among elites. The myth that it is unpopular in general isn’t true—although it is unpopular in almost every specific case where they need to site it
Article is old but yeah
This study finds that risk & benefit predict individual opinion the most, followed by the share of nuclear energy already extant, followed by ideology (conservatives support more)
This one finds that journalists attitude affect public perceptions, but that energy consultants, nuclear engineers, bureaucrats, and the military show the highest support for nuclear energy
Nuclear energy:
— PragerU (@prageru) February 17, 2021
Safe? \u2705
Clean? \u2705
Efficient? \u2705
Scalable? \u2705
Why is it not receiving more political support?
Polls consistently show conservative support for nuclear energy. It also has high support among elites. The myth that it is unpopular in general isn’t true—although it is unpopular in almost every specific case where they need to site it
Article is old but yeah
This study finds that risk & benefit predict individual opinion the most, followed by the share of nuclear energy already extant, followed by ideology (conservatives support more)
This one finds that journalists attitude affect public perceptions, but that energy consultants, nuclear engineers, bureaucrats, and the military show the highest support for nuclear energy