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Published · transcript-backed

Shaan Puri: commitment

9 Sept 2020 Acquired Special: Acquired x My First Million

“When we bought it, we did one smart thing, which was we had some predefined ground rules.”

— Shaan Puri

Source trail

Everything needed to verify it.

Speaker
Shaan Puri
Attribution
Verified speaker
Claim type
commitment
Recorded
9 Sept 2020
Publisher
Acquired

Transcript context

…Dude, I downloaded the Digg Reader in 2016. Of course, I did. I had to see what they did with Digg. Right, exactly. Even if you come in thinking, I’m never going to [...] use Digg, you want to see what are they trying to do with Digg and laugh at it. We were like, okay, at the very least we’ll get that. Better than complete obscurity (I suppose). When we bought it, we did one smart thing, which was we had some predefined ground rules. We’ll just bring it back as another social network. We had seen MySpace try that and we’re like, no, that game is over. Facebook has won that game. Don’t try to be like, hey, we’re cool again 10 years later. That doesn’t work. We also didn’t have a new product. But we had to close the deal given the timeline of the acquisition. We had to close the deal, we had to announce it, and we had to turn off the existing product. Because it was going to cost a whole bunch of money every month to run. I saw this, yeah, yeah.…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.

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