Robinhood · B2C · stock and crypto trading app
Launch in a month with game-like branding unlike bank-style crypto apps
Went really viral; idea to launch in about a month
What they did
What happened
- Stage
- launch
In their words
Daniel Heintzma - I speedran a new app from 0 to $2m/year in 6 months (here's how)
Joseph Choi… a bunch of different things. Like you've been at your own startup. You've been at pretty large companies. Um other entrepreneurial things. How What is it like? Like being at a a scrappy like fast-growing startup like Cal AI? But it I say startup, but it's like I don't I don't know if you would call it a startup. It's like, [laughter] you know, like it's like a you guys are bootstrapped, um but you seems like you kind of operate like a startup.
Daniel HeintzmanI think that that's what probably the biggest takeaway from Cal AI is the co-founders, they they all talk about like moving with speed and being very fast. That's actually like a lesson I've learned from other teams I've been a part of. I think he said something about how human motivation only lasts like about 2 weeks. So like if you have like this insight to work on this like new feature, human motivation only lasts for like 2 weeks to work on it, and like really follow like finish it. That's another thing I saw like at Robinhood, too, is like we launched Robinhood Crypto, which like got went really viral when I was there.
Daniel HeintzmanAnd that product went from idea to being launched within a matter of a month, which was pretty fast in comparison to like most big companies. And so I think that's like probably the biggest takeaway is like once you have like a big project where you can get like the whole company to rally behind, I think being able to move fast is a key differentiator.
Joseph ChoiI'm curious. What did you do? What was your role in the crypto rollout?
Daniel Heintzman… all the apps that I think are like really well designed, and we'll constantly like go back to them and look at them, and think about like what makes them much better and like see how I can like get inspiration from them. But I think like one lesson I actually got from Robinhood when we were working on the Robinhood Crypto feature, which is like so so long ago, but I think still sits with me, is how much the team thought about like branding. And
Daniel HeintzmanI mean, I don't think I'm like the like great at branding, but I think like the idea of like being very intentional with coming up with like lots of different variations, and I think it helps with growth a lot if you can have a product that looks unique from anything else that exists on the market. It'll stand out, and people will be more curious to try it out. And I think that's what happened with Robinhood Crypto is cuz there was a lot of other crypto apps that had existed at the time, but nothing had looked quite like this. They were a lot They looked a lot more like, you know, Coinbase is
Daniel Heintzmanone example where it was more like a banking product, whereas this looks more like a It looks like a video game almost. I think being able to think of it like that, like what is going to catch people's attention, is a good way of thinking about it when it comes to branding.
Joseph ChoiDo you use that at all with Cal AI? Like the there's some aspects of it where it like doesn't feel like a calorie tracker, you know? It like feels very sleek. The scanner itself, you know, is a a novel feature compared to uh the existing calorie trackers that were out before Cal AI existed. But are you Are you trying to be like on the edge in a in a way that you described with Robinhood Crypto, or are you trying to be more like minimal and not …
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More from this episode
- Grow an Instagram account on Hinge prompt tips before building, with a preorder linkSome videos took off within weeks; audience existed before launch
- Charge followers $15 by DM for a manual profile review before buildingPeople paid before any app existed; proved willingness to pay
- Copy the text of a men's self-improvement account's most viral slideshows into your own designsSlideshows averaged 10-50K views; one hit 600K
- Make a month of TikTok slideshows in 1-2 hours from a spreadsheet and templateSeconds per slideshow; a month of posts in an hour or two
- Post unbranded slideshows until views come, then brand every slide with the appOne branded Christmas Day post got ~4M views and $5-6K revenue in a day
- Have one dating influencer make promo videos, then run them as ads from his pageTook revenue from $30-40K/month to about $2M a year; creative supply became the limit
- Open onboarding with short videos explaining the app before asking any questionsAdded after emails asking what the app does; no numbers given
- Ask for profile screenshots after the paywall, not before itSimple onboarding before the paywall performed a lot better; no numbers
- Sell extra analysis credits to people who rerun the profile checkAbout 11% of revenue
- Sell AI photo packs at $14.99 for one and $49.99 for tenBiggest upsell in the app; no spending cap lets big spenders pay more
- Preselect the yearly plan on the paywall to collect cash upfrontWeekly plan also tried; grew a lot slower
- Redesign the meal logging screens so people keep paying after the 3-day trial
- Let users join friend groups and topic groups with streak leaderboards
- Add daily logging streaks, copied from Duolingo
- Let users post progress photos, meals and streak badges to Instagram storiesA lot of users share progress and meals; no numbers
- Make the 3 screens creators film (camera, loading, food detail) instantly clear
- Grow through fitness creators who sell coaching, so the app doesn't compete with themMain growth driver; guaranteed views vs hoping to go viral
- Ramp up paid ads once influencer growth is workingMarked Cal AI's big growth inflection point; no numbers
Tags: distinctive-branding, speed, launch