1 00:00:00,000 --> 00:00:02,880 Sean Murray: We typically do 2 million plus page views per year 2 00:00:02,880 --> 00:00:07,230 on DailyFunder. And so this is just, you know, affirmation, 3 00:00:07,260 --> 00:00:10,650 reaffirmation that DailyFunder continues to provide a valuable 4 00:00:10,650 --> 00:00:14,520 service to the non bank, Small Business Finance community. Yup. 5 00:00:15,510 --> 00:00:18,750 We do have a lot of people who post on there, that's for sure. 6 00:00:18,930 --> 00:00:23,340 But also a lot more who don't post on there. Like, if you go 7 00:00:23,340 --> 00:00:25,770 onto the forum, you'll see that there's activity on there every 8 00:00:25,770 --> 00:00:28,200 day. But what you don't see is all the people who are who are 9 00:00:28,200 --> 00:00:30,870 looking at each individual thread. Yeah, what does it all 10 00:00:30,870 --> 00:00:35,010 add up add up to it adds up to millions of page views on the 11 00:00:35,010 --> 00:00:38,820 site each year. And what's interesting about that is, we're 12 00:00:38,820 --> 00:00:42,960 not optimizing for page views. When you hear like a Silicon 13 00:00:42,960 --> 00:00:46,950 Valley Tech company, give you stats on like page views, 14 00:00:47,010 --> 00:00:51,180 they're optimizing for that number, they set out a goal, how 15 00:00:51,180 --> 00:00:54,030 do we reach a certain amount of page views to generate a certain 16 00:00:54,030 --> 00:00:57,120 amount of impressions, you know, for ads, and so forth? Right? So 17 00:00:57,120 --> 00:01:00,840 they they do what they can to inflate that number? Yeah, we 18 00:01:00,840 --> 00:01:04,020 don't do that. We don't have a goal of how do we inflate the 19 00:01:04,020 --> 00:01:07,170 pageviews so that we can go turn around and tell somebody else? 20 00:01:07,440 --> 00:01:10,380 You know, look how many we got, therefore pay us X amount of 21 00:01:10,380 --> 00:01:15,630 dollars. Yeah. So this is like a naturally organic figure, a true 22 00:01:15,630 --> 00:01:18,900 snapshot of what people are clicking on in a given year, and 23 00:01:18,900 --> 00:01:21,690 it amounts to more than 2 million in a year. And it's just 24 00:01:21,690 --> 00:01:24,900 like the year before, it shows that the industry isn't slowing 25 00:01:24,900 --> 00:01:25,170 down. 26 00:01:25,200 --> 00:01:27,960 Johny Fernandez: Yeah. So for the people that are impatient 27 00:01:27,960 --> 00:01:31,110 and think you can get to this amount of views in a year. How 28 00:01:31,110 --> 00:01:33,810 long did it take you to gain this much momentum? 29 00:01:34,050 --> 00:01:36,270 Sean Murray: Oh, you know, I don't, you know, I haven't 30 00:01:36,270 --> 00:01:38,700 looked at that stat. I haven't looked at the trajectory, the 31 00:01:38,700 --> 00:01:43,980 trajectory to get to 2 million per year. But you know, this 32 00:01:43,980 --> 00:01:48,720 forum really started to pick up, you know, around like, 2016 2017 33 00:01:48,720 --> 00:01:52,320 or so. Yeah. So we've been, we've been at pretty high level 34 00:01:52,350 --> 00:01:57,390 for more than five years. Yeah. The trick with a social network 35 00:01:57,390 --> 00:02:01,260 is that you got to have everybody else on it. Because 36 00:02:01,410 --> 00:02:04,680 you can't just recruit users to the site, and they're not their 37 00:02:04,680 --> 00:02:08,070 friends not be on the site. Right. So the trick is that you 38 00:02:08,070 --> 00:02:11,490 have to kind of get everyone and your circle on the site at the 39 00:02:11,490 --> 00:02:14,520 same time. Yeah. So it's not just a matter of how quick can 40 00:02:14,520 --> 00:02:17,790 you get the page views. In general, when you're building 41 00:02:17,790 --> 00:02:20,130 like a social networking community, it's about how 42 00:02:20,130 --> 00:02:22,410 quickly can you get someone's friends to join with them so 43 00:02:22,410 --> 00:02:24,750 that that user doesn't immediately leave after they 44 00:02:24,750 --> 00:02:27,750 join? Yeah. If Facebook, if you joined Facebook, and you didn't 45 00:02:27,750 --> 00:02:29,490 know anyone on there, how much longer would you stay on 46 00:02:29,490 --> 00:02:29,970 Facebook? 47 00:02:30,390 --> 00:02:31,440 Johny Fernandez: You're not gonna stay there. 48 00:02:31,620 --> 00:02:34,020 Sean Murray: Yeah, look, I don't you know, I tried it. You know, 49 00:02:34,770 --> 00:02:36,930 Johny Fernandez: It was okay. But you know, I've been on 50 00:02:36,930 --> 00:02:40,710 websites or apps. I don't know anyone. And you can kind of meet 51 00:02:40,710 --> 00:02:43,290 people, but it's like, oh, I want like someone that I know 52 00:02:43,290 --> 00:02:47,220 that have a group of people. Yeah. Yeah. So but that's how 53 00:02:47,220 --> 00:02:49,650 Facebook was in the beginning. remember? I remember. 54 00:02:49,680 --> 00:02:52,230 Sean Murray: Yeah. Well, when I first joined Facebook, you know, 55 00:02:52,230 --> 00:02:55,590 it's 22 years ago, it was actually 18 years ago. I only 56 00:02:55,590 --> 00:02:57,960 know that because they got an anniversary pop up on my 57 00:02:57,960 --> 00:03:02,580 Facebook, my personal Facebook and I, I shared it. And I was 58 00:03:02,580 --> 00:03:04,800 like, darn, you Facebook for reminding me how long I've been 59 00:03:04,800 --> 00:03:07,590 on here. It's been, but I've been on Facebook for 18 years. 60 00:03:10,200 --> 00:03:11,610 Johny Fernandez: That's good. That's good. But But yeah, 61 00:03:11,610 --> 00:03:13,530 Sean Murray: It's called it's called the network effect. Yeah, 62 00:03:13,560 --> 00:03:17,040 you gotta have your network on the on the platform. And if you 63 00:03:17,040 --> 00:03:20,760 do that automatically creates, you know, organic kind of 64 00:03:20,760 --> 00:03:23,400 exponential growth all by itself. By achieving that 65 00:03:23,400 --> 00:03:25,920 network effect. That's the most challenging part about a social 66 00:03:25,920 --> 00:03:28,860 network just happened to be you know, right time, right place. 67 00:03:29,760 --> 00:03:33,840 People wanted this type of dialogue online, and daily 68 00:03:33,840 --> 00:03:35,670 funder was a perfect place to have it, 69 00:03:35,760 --> 00:03:36,840 Johny Fernandez: Especially for the industry, because the 70 00:03:36,840 --> 00:03:40,620 industry is very unique. And there's not anything like this. 71 00:03:40,650 --> 00:03:42,780 Yeah. anywhere else. Yeah. I mean, you can try other websites 72 00:03:42,780 --> 00:03:45,660 like Reddit, but it's not the same. It's not specifically for 73 00:03:45,660 --> 00:03:46,140 the industry. 74 00:03:46,200 --> 00:03:49,500 Sean Murray: Exactly. It's this one is particularly for of a 75 00:03:49,500 --> 00:03:52,470 small business finance industry. I know some people are, like all 76 00:03:52,470 --> 00:03:55,440 about MCA on there. And that's certainly a big part of it. But 77 00:03:55,440 --> 00:03:58,350 it really is small business finance in general. And that's 78 00:03:58,350 --> 00:04:01,860 been, you know, one of the key ingredients to making it 79 00:04:01,860 --> 00:04:06,090 successful just focusing on a key niche. Yeah. And also, 80 00:04:06,360 --> 00:04:09,030 because we're independent, we're not owned by like a funding 81 00:04:09,030 --> 00:04:14,100 company or something. We don't, we don't have that incentive to 82 00:04:14,100 --> 00:04:17,910 try to dry these users to whatever our secret businesses, 83 00:04:17,910 --> 00:04:19,830 you know what I mean, we're not like, at the end of the day, we 84 00:04:19,830 --> 00:04:22,680 want all the users to send us deals, because we don't do any 85 00:04:22,680 --> 00:04:26,760 of that. Yeah. So I think that had anyone else been where we 86 00:04:26,760 --> 00:04:30,390 were years ago, when they started the site. I think it 87 00:04:30,390 --> 00:04:33,000 would have been easy to have started like a funding company 88 00:04:33,150 --> 00:04:37,230 and use the site to harvest Yeah, those users to try to 89 00:04:37,230 --> 00:04:40,950 build your individual financial funding company. That was never 90 00:04:40,980 --> 00:04:44,610 my objective or agenda. You know, we've kept it pure, and 91 00:04:45,150 --> 00:04:47,970 we're happy to have kept it a valuable service to the 92 00:04:47,970 --> 00:04:48,510 community. 93 00:04:48,660 --> 00:04:50,520 Johny Fernandez: Yeah, no, it's great. It's great to it's great 94 00:04:50,520 --> 00:04:52,770 to see that and it's great to see so many people using 95 00:04:52,800 --> 00:04:56,340 especially, you know, it's such a unique community and the 96 00:04:56,340 --> 00:04:59,370 interactions that you can get people you can meet it's, it's 97 00:04:59,370 --> 00:05:03,150 so Sometimes it's fun sometimes it's not but it's a great source 98 00:05:03,150 --> 00:05:04,140 for sure resource