Shawn Wang: commitment

Transcript context

…By the way, pro tip on 99designs is that on the margin, you're better off kind of committing to paying the designer that you're going to pick a winner. Whether you like it or not doesn't really matter. And that gets higher participation. And you're still going to get a bunch of crap that happens. You get a bunch of noise in it. But the kind of quality outcome is often a function of the number of iterations. And logo design is one of those examples. If you had to choose between 200 logos versus 20 logos, chances are closer that you're going to find something you like. Yeah. For those interested, I have a blog post on my reflections on the 99designs thing. And that's one of those. They give an estimate of how many designs you get. Yep. And I think that the modifier for like, we will pay you, we'll pay somebody and maybe it's you, is like 30 to 60. But actually it's 200. Yep. So it's underpriced. Yep. Yep. Do you think some markets are just fundamentally going to move to more results-driven business models? Probably.…

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