58sec snip

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch cover image

20Growth: How Transferwise Acquired Their First 5M Customers: The Two Types of Content All Companies Must Create, How to Crush Competition With Performance Marketing, What Growth Hacks Worked and Did Not with Nilan Peiris, CPO @ Wise

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

NOTE

Trust is Contagious: Harnessing Social Influence

Investment in product marketing to communicate safety is crucial, but the primary driver of trust lies in word-of-mouth recommendations from existing customers. Companies like Revolut successfully redesigned their product strategies to emphasize group payments, recognizing that social pressure and peer influence play significant roles in driving product adoption. This approach illustrates the effectiveness of leveraging social dynamics, as friends encouraging each other to adopt a product can lead to a substantial increase in usage, similar to strategies utilized by other neo banks such as Monzo and Chime.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode