
(This was written as an internal memo, but I decided to share!)
Refocusing Manifold
There’s been a lot going on lately:
Launching Manifold Love
Running Bet on Love, the musical theatre show
Launching and unlaunching Manifold Politics as an external site
Manifund’s Community Round & ACX Grants Round
… in addition to running the normal Manifold Markets site (core product development, The Migration).
But in order to succeed as a business, we should aim to do one thing really well. The Egg-Basket Principle says that a startup should put all their eggs in one basket to achieve maximum impact.
There’s no better time than now to refocus and push for the last bit of growth to hit our target for Series A.
Our main site is in a bit of a growth lull.
But it’s easy to forget that we were stuck at ~100 DAU for the first 9 months of Manifold’s existence.
Today, we are at 1700 DAU. Yeah, we’ve come pretty far!
I think it’s entirely within our power to hit 15k DAU (7-day average) by Oct 1st (7 months and 9 days). That would set us up for Series A before the end of the year.
How can we multiply our DAU? We’ve done it before, and I think it was largely through improving the product. But also, through assimilating other communities (e.g. Destiny).
Here are 6 pillars to build on which should allow us to reach our DAU goal:
Verticals to bring in new users
E.g. US Politics, AI, niche media (e.g. Chess, One Piece), Sports
New user onboarding
Iterate based on user interviews and analytics to make the product clearer and easier to get value from
Core product
E.g. Numeric & Date range market types
E.g. Advanced trader mode
E.g. Better news dashboards
Experiments (that could become part of the core product)
E.g. Manifold Live mode
E.g. Blog
E.g. Debate feature
Viral loops
E.g. Share your bet
E.g. Ask friends to join your league
Infra
The Migration (off of Firebase)
Better site performance
Better developer experience
We can do it. Go Manifold!
🏅 Top traders
# | Name | Total profit |
---|---|---|
1 | Ṁ64,809 | |
2 | Ṁ26,631 | |
3 | Ṁ23,054 | |
4 | Ṁ20,884 | |
5 | Ṁ11,188 |