Getting 1m Users Fast with Kelvin Lockwood

Published: Jan. 28, 2016, 9:20 p.m.

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Episode 151

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Summary:

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In Episode #151, Nathan speaks with Kelvin Lockwood, the leader of the team behind Bundle, which is a mobile application that collects local news based on a user\\u2019s location. Listen as Nathan and Kelvin talk about how Bundle plans to reach users and generate revenue through mobile ads.

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3 Key Points:

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  • There aren\\u2019t many mobile apps that can tell you the local news based on user-location. Facebook can\\u2019t because content doesn\\u2019t change when traveling.
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  • Getting traction for a user base as a mobile app, the bar is set very high.
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  • Boosting productivity can be as simple as spending less time on things that are not super meaningful in your life
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Time Stamped Show Notes:

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  • 01:00 \\u2013 Nathan\\u2019s introduction to today\\u2019s show
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  • 01:24 \\u2013 Kelvin joins the show
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  • 01:38 \\u2013 Bundle is a location driven mobile app, as a user moves around the app collects data and news from the surrounding area.
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  • 02:18 \\u2013 Kelvin jumped ship from his account management job for his startup due to pursue his ideas
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  • 02:53 \\u2013 Kelvin made roughly 50-60K a year in his old job.
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  • 03:24 \\u2013 Bundle addresses a problem that isn\\u2019t often talked about \\u2013 where people get their local news.
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  • 04:05 \\u2013 Websites like Facebook generate local news but when traveling it\\u2019s not much use.
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  • 04:43 \\u2013 Kelvin describes what a news feed would look like on Bundle in Austin, Texas.
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  • 06:32 \\u2013 Bundle is currently testing in the UK and US. Anyone who wants to try the app, can request for access.
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  • 07:03 \\u2013 Bundle makes money through mobile advertising.
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  • 07:47 \\u2013 Kelvin\\u2019s team thinks there are 8 million prospective users in the UK and 24 million in the US.
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  • 08:44 \\u2013 CPM(cost per mille) of 7$.
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  • 11:00 \\u2013 Getting traction for use of mobile app is very high.
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  • 12:38 \\u2013 By around December 2016, Kelvin hopes that the app will have around a million users.
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  • 14:04 \\u2013 Famous Five
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Resources Mentioned:

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  • Growth Geeks \\u2013 The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects
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  • Kelvin Lockwood \\u2013 LinkedIn
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  • Bundle \\u2013 Kelvin\\u2019s mobile news application
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  • Bundle \\u2013 LinkedIn
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  • @kelvinlockwood \\u2013 Kelvin\\u2019s Twitter
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  • Breeze\\u2013 Kelvin\\u2019s favorite online tool
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  • How Google Works \\u2013 Book Kelvin stands by
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  • Bridget Dunlap \\u2013 CEO Kelvin follows
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  • Andrew Strauss\\u2019s Books
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Famous 5

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  • Favorite Book?\\u2014 How Google Works by Eric Schmidt and Andrew Strauss\\u2019 books
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  • What CEO do you follow?\\u2014 Bridget Dunlap
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  • What is your favorite online tool?\\u2014 Breeze
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  • Do you get 8 hours of sleep?\\u2014 No
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  • If you could let your 20 year old self know one thing, what would it be?\\u2014 Block out the distractions and non-meaningful things in your life.
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Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.

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