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SaaS Interviews with CEOs, Startups, Founders

How Knowledge Hacking App Raised $20m Pre Product at $100m Valuation

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

Ceo, Entrepreneurs, Founders, Software, Business, Entrepreneurship, Saas, Startups

4.6683 Ratings

🗓️ 4 July 2021

⏱️ 21 minutes

🧾️ Download transcript

Summary

Patrick Walker is the co-founder of Uptime, an app that presents expertly curated five-minute Knowledge Hacks of the world’s best books, courses and documentaries.

Transcript

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0:00.0

You are listening to conversations with Nathan Latka, where I sit down and interview the top SaaS founders, like Eric Wan from Zoom.

0:11.7

If you'd like to subscribe, go to getlatka.com. We've published thousands of these interviews, and if you want to sort through them quickly by revenue or churn,

0:21.4

cac, valuation, or other metrics, the easiest way to do that is to go to gitlatka.com and use

0:26.8

our filtering tool. It's like a big Excel sheet for all of these podcast interviews. Check it out

0:31.8

right now at getlatka.com. Hello, everyone. My guest today is Jack Becker. He's building a company called uptime.com. If you want to follow

0:41.1

along, it's a five-minute knowledge hacking app. Jack, you're ready to take us to the dot-top?

0:45.9

Yeah. Hi, Nathan. Nice to meet you. Nice meeting you as well. What does five-minute knowledge

0:50.5

hacking app mean? So very interesting. So what we do, Nathan, is we take knowledge from all different sources.

0:59.0

So we take from books, we take from courses, we take from documentaries, and we hack that knowledge

1:05.0

to condense it down into something a lot smaller, into a unique format that we've created, that gives you the whole

1:14.7

essence of that book or that course or that documentary in five minutes.

1:20.1

And how do you know if it's working or not?

1:21.6

So there's a bunch of metrics you could track your business on number of downloads, number

1:25.1

of consumed pieces of content, number of active users. What's your North Star sort of metric?

1:29.3

So the most important thing is that people like what you're doing.

1:32.3

Okay, how do you measure that? So what's the metric?

1:35.3

So the metrics we use internally, we look at hacks per DAU, we look at how people are engaging with our platform.

1:44.3

We have some internal metrics around what we want to do around downloads and users, but

1:49.2

actually the most important thing for us is people on the platform.

1:52.8

When we look at it, we can see already, because we're still very early.

1:58.5

We really only launched later in this year, February time.

2:05.2

And we're getting around people completing about eight minutes a day, average,

...

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