• Avi Schiffmann, 21, Pays $1.8 Million for Friend.com After Raising $2.5 Million Total

  • Jul 31 2024
  • Length: 15 mins
  • Podcast

Avi Schiffmann, 21, Pays $1.8 Million for Friend.com After Raising $2.5 Million Total

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  • Summary

  • E392: Avi Schiffmann, 21 years old, just spent 72% of his funding buying the Friend.com domain name.

    Avi paid $1,887,843.00 to buy Friend.com.

    And he spent $200,000 on a video from Sandwich Video.

    This was a crazy gamble that is paying off - Avi and his video are going super viral.

    But there’s more to the story than this.

    I share Avi’s insane background - which he thoughtfully and consciously leveraged - and how Avi is secretly a master at branding.

    Crazy story.

    00:00 Buying Friend.com For $1.8 Million
    00:39 The Video Gamble
    01:27 Immediate Lessons
    02:17 Avi Schiffman's Background
    03:00 The AI Pendant - From Tab to Friend
    06:04 AI Friend Concept
    08:08 Funding and Valuation
    13:12 Building and Branding
    14:26 Final Thoughts

    #startups #ycombinator #venturecapital #technews

    The Edward Show. Your daily digital marketing podcast: https://edwardsturm.com/the-edward-show/
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