We're extremely excited to be kicking off our fall event series with Vaidhy Murti, a seasoned entrepreneur, who has built two amazing mobile startups: Friendsy & Wit. Along with our fireside chat, there will be a moderated Q&A, refreshments, & tons of tactical insight. (You must bring a valid ID to enter)
Vaidhy Murti is the co-founder & CEO of both Friendsy & Wit. As a sophomore at Princeton University in 2012, Vaidhy founded Friendsy, a college-based social networking platform designed to connect students, enabling them to meet new friends, hookups, or dates on their campus. After building the app out of his dorm room, Friendsy launched at Princeton, followed by a huge success at Dartmouth, & ended up with 10,000 users within a year. Replicating their early success, they strategically expanded into other campuses, & had around 100,000 total users by the end of 2015. Friendsy ended up raising a total of $1M from Princeton's accelerator, Lerer Hippeau, & Slow Ventures. 3 million matches, 100K MAU, & 300K total users later, the team decided to close the service in 2017.
Vaidhy's latest venture, Wit, is a winner-take-all social video app that has raised $250k from Fitz Gate Ventures. The video platform runs weekly contests & rewards users with cash prizes for their funny videos & has started to roll out sponsored video contests with brands. Besides building his two mobile startups, Vaidhy also served as CTO of philanthropic platform DonorUP & founded a successful product development company.
In our chat with Vaidhy we'll be deep diving into:
How he launched Friendsy out of his dorm room
Building a team: the ups & downs
The power of platform exclusivity: How Facebook & Friendsy used it, & how you can too
Expansion strategies that allowed Friendsy to grow over 100K MAU
How Friendsy optimized for network effects
The future of social networking & short-form content
6:00 - 6:15: Networking & Refreshments
6:15 - 6:45: Fireside chat with Vaidhy Murti
6:45 - 7:15: Moderated Q&A
7:15 - 7:30: Closing & Networking