Growth Strategies (& Why is it Important to Fail Fast)

21 Jan 2021 · 13 min
13:10

In this interview, the guest (Speaker B), a former SkipTheDishes executive who later joined VidDay, discusses how rapid, iterative product releases and a "fail fast" mindset powered early growth. He explains that in VidDay’s early days the team shipped up to three releases per day, using real‑time data and customer feedback to prune ideas and double‑down on what worked. When facing deep‑pocketed competitors like Uber Eats, DoorDash, and Just Eat, the company leveraged its bootstrapped status to focus on solving core efficiency problems rather than out‑spending rivals, gaining an edge in mid‑market and tertiary markets. First‑mover advantage and a three‑sided marketplace (couriers, restaurants, customers) are highlighted as critical timing factors. After the 2016 acquisition of SkipTheDishes by Just Eat, the guest took a sabbatical traveling across Canada before joining VidDay in 2019. At VidDay, he helped achieve a 100× volume increase within three months, describing the platform as a web‑based, crowdsourced video‑montage service for occasions like birthdays, retirements, and anniversaries. He emphasizes the product’s low friction (no app download), global reach (sales in 150+ countries), and the large, internet‑driven market opportunity. The conversation ends with a request for details on the initial capital outlays required to bring VidDay to product‑market fit.

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