The Try Guys cofounders discuss launching their streaming platform 2nd Try, the challenges of managing a team and YouTube's algorithm, excitement for new collaborations, breaking free from YouTube's restrictions with Second Try TV, revenue models and brand integrations, transitioning to a paywall model, and the future of monetization in content creation.
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Quick takeaways
The Try Guys faced challenges with the YouTube algorithm pushing them towards creating content that suited the platform's preferences, leading to a sense of content dilution, They strategically planned the Second Try platform's launch to break free from algorithm constraints and offer diverse content experiences.
Deep dives
Challenges with YouTube Algorithm and Content Dilution
The Try Guys faced challenges with the YouTube algorithm pushing them towards creating content that suited the platform's preferences, leading to a sense of content dilution. The algorithm's focus on consistency hindered their creative flexibility, resulting in a need for a new approach. They aimed to break free from the algorithm's constraints and offer varied content experiences beyond the platform's expectations.
Launching Second Try Subscription Platform: Strategy and Timeliness
The decision to launch the Second Try streaming platform was motivated by the team's frustration with the YouTube algorithm's limitations over the years. They strategically planned the platform's launch to offer refreshing and diverse content in contrast to their YouTube experience. Timing was crucial as they needed a year to curate valuable content and provide subscribers with a different viewing option.
Operational Challenges and Team Dynamics in Content Development
The operational challenges in building the Try Guys' new content pipeline involved a significant workload increase for the team. Balancing existing video production with creating a separate channel's worth of content tested the team's capabilities and structure. Employees adapted to multi-tasking and taking on diverse roles to manage the added workload and ensure successful show development.
Diversifying Revenue Streams and Business Model Shifts
The introduction of the Second Try platform signified a shift in the Try Guys' business model towards creating a premium destination for high-quality content. Recognizing the importance of diversifying revenue streams, the team aimed to align their product offerings with their strength in entertainment creation. By focusing on engaging storytelling and audience connection, they aimed to sustain their business and adapt to the changing landscape of creator monetization.
The Try Guys are starting a streaming platform called 2nd Try, which will publish a new slate of original shows.
To learn more about the strategy behind 2nd Try, Publish Press writer Nate Graber-Lipperman interview Try Guys cofounders Zach Kornfeld and Keith Habersberger.