🍪 Discord gets some Gas

Good morning, friends. This is Bite Sized Beta, but really we should just change our name to chamomile because we got so much tea.

We got a fun one this week, so let’s get to the good stuff.

In the oven this week:

•  ⛽️ Discord goes to the gas station

• 💬 Poll of the week

• 💸 A new crypto exchange is in town

• 🍪 Cookie crumbs: bite sized headlines

• 🍫 Chocolate chips: our 4 favorite finds of the week

• 😂 Snickerdoodles: Thursday memery

FRESHLY BAKED

DISCORD GETS SOME GAS

You know when Mark Twain said, "history never repeats itself, but it does often rhyme?"

Well, what do you call it when you sell your company to Meta for $40 mil, Meta shuts down the product, but then you double back, build the exact same thing all over again, and sell it to Discord?

The life of Nikita Bier, everybody!!! AKA, a really good rhyme.

Let me run it back for ya.

Five years ago, this guy makes an app called TBH, which lets teens say nice things about each other via polls. 

He raises some funding from VCs, and it goes viral.

Facebook, who at the time is struggling to keep the youth, buys TBH for $40M, but doesn’t know what to do with it, and eventually shuts it down.

Fast forward to late last year.

Bier hits the group chat with, “I'm just thinking about how I can make $10M in 3 months.” Cause you know… who isn’t??

He’s already ridden out his non-compete from FB, so what do he and his 3 friends do?

They start building Gas - AKA TBH 2.0.

Except it’s more TBH 1.0 than 2.0.

Yeah, it’s literally the same damn thing.

Except this time, instead of raising VC money, he decides to make people pay to see the stuff other people are saying about them.

Because everyone wants to know what people think about them… especially high schoolers.

It’s genius. And it works.

A few high schools start using it, and before you know it, Nikita starts posting all these progress pics like he’s in the gym:

Until this week, when he finally hits us with the end game:

Incredible.

It's like turning in the same essay for two different classes.

We’ll be waiting for that three-peat.

POLL OF THE WEEK

GAS: LAME OR NO SHAME?

THE BIG PIZOOKIE

THE NEW CRYPTO EXCHANGE EVERYONE'S TALKING ABOUT

Move over FTX, there’s a new exchange in town.

And it’s called…… *drumroll plz*

GTX.

And it’s kind of hilarious.

It lets customers of bankrupt crypto exchanges like Voyager, FTX, Celsius, etc. trade their bankruptcy claims.

That means that if you’re owed anything from the FTX saga, you can sell your FTX bankruptcy claim on GTX to anyone that thinks the claim could be worth more after the bankruptcy is settled.

But the hilarious part is, GTX was founded by these guys:

That’s right, the same people that put ya in bankruptcy in the first place.

These guys ran their own crypto exchanges into the ground, and are now tryna raise $25M to fund a platform … to allow their ex-customers trade bankruptcy claims from their own failed firms.

HUH???

Ya just can’t make this stuff up.

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COOKIE CRUMBS

BITE SIZED TREATS

What happened in tech this week:

CHOCOLATE CHIPS

OUR FAVORITE FINDS THIS WEEK

• Unconventional advice for improving your memory and concentration

• A great pod with Jules, a Youtube product manager, on how to find an amazing mentor. The first part is more about how to learn and build new skills, but the last third is an interesting take on how to actually get something out of those awk career mentorships.

• How kidz bop censors music. Turns out, bad words are censored a lot more now than they were back in the day.

• 52 random but interesting things some dude learned last year: Mr Beast has 6 people making thumbnails for him, a wife's competitiveness increases future income more than a husband's competitiveness, and farmers can basically pick the color of egg yolk according to their region’s preference.

SNICKERDOODLES

THURSDAY MEMES

😂

What'd you think about this email?

• 🍪🍪🍪 Top notch!

• 🍪🍪 Meh... could use more milk

• 🍪 Undercooked, do better