Peter Thiel on Elon Musk:
“When Elon was building Tesla and SpaceX in the 2000s, people—even PayPal alumni—thought he was really crazy. We planned a book where his chapter was titled ‘The Man Who Knew Nothing About Risk.’
If one succeeded, you’d call it luck. But when both harebrained ideas triumph, you have to reassess: Maybe the rest of us are too risk-averse, or Elon knows something about risk we don’t.”
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@leojrr Hi gratz on your saas acquire, I have one question how to find paying customers/ users as I wanted to have a user base first before developing the saas
This is the youngest billionaire you've never heard of.
At 19, he dropped out of college.
Today? Nvidia, Meta, and the US government can't survive without him.
Here's how a teenager built a company the entire world depends on:
ideas on how to compete with $100B saas companies:
- intentionally limit features (focus on core value)
- give affiliate program 50% cut until $1M ARR (then lower)
- shift from monthly subscription to "quantum pricing" (dynamic based on usage/value)
- kill your best-selling plan (force upgrades)
- "trojan horse" free tool strategy build a free, standalone tool that solves one problem perfectly use it to capture leads and upsell your main saas
- make your saas more niche than the competition
- turn your website with the sole goal of getting people on webinars (or workshops or whatever)
- offer "family plans" for B2B
- don't automate everything, add human touch (for key touchpoints)
- "micro-saas acquisition" strategy buy tiny, neglected saas products cross-sell to your existing user base
- create an invite-only tier (exclusivity drives desire)
- build physical product companion (expand ecosystem)
- implement artificial scarcity (drive urgency)
- offer "pay what you want" for 24 hours (viral promotion)
- launch a "feature store" marketplace (monetize add-ons)
- implement "use it or lose it" credits (drive engagement)
- offer "on-demand" live product demos (personalize sales)
create "choose your own adventure" onboarding (personalization)
offer a "pause subscription" option (reduce churn)
implement "earn while you learn" tutorials (gamify onboarding)
- "in-app courses" strategy build learning paths inside your tool become indispensable to users' growth
- make cancellation dead simple (build trust)
- launch a "negative roadmap" (set clear product boundaries)
- implement "collaborative" pricing negotiations (for enterprise)
- make your brand loveable (use @DesignScientist or learn to design)
- create an in-app "shower thoughts" forum (community building)
- launch "CEO for a day" customer feedback program (deep insights)
- offer "pay in content" for influencers (marketing leverage)
- implement "feature auctions" for early access (monetize eagerness)
- create "choose competitor" comparison tool (control the narrative)
- create "customer matchmaking" for networking (add auxiliary value)
- "feature deprecation" as marketing publicly remove bloated features position as focused, user-centric
- add a membership program (discounts, other software, community) to lock them in
- offer "subscription insurance" for hesitant buyers (remove objections)
- create a "price match guarantee" with a twist (match + 10% off)
- offer "competitor data migration concierge" (remove switching pain)
-create "customer advisory board" with equity incentives
- launch "seasonal features" (create FOMO and reengagement)
- offer "pay with your data" option (monetize insights)
- implement "feature leasing" (temporary access for specific needs)
let's go.
"You can be here another 20 years... I can't!"
All the tension and drama of Formula 1, as you've never seen it before. Season 6 of Drive to Survive is streaming NOW, only on @netflix 🎬
#F1