November 16, 2024

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Whitney Wolfe Herd

At a glance


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Good morning to all new and old readers! Here is your Saturday edition of Faster Than Normal, exploring the stories, ideas, and frameworks of the world’s most prolific people and companies—and how you can apply them to build businesses, wealth, and the most important asset of all: yourself. 

Today, we’re covering Whitney Wolfe Herd and her journey to creating a revolutionary platform that reshapes the dynamics of dating, networking, and friendships.

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What you’ll learn:

  • How Whitney Wolfe Herd became the youngest female billionaire with Bumble

  • Lessons on bringing solutions, human behavior, and quality

  • Quotes on brand identity, company culture, and imposter syndrome

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Alex

P.S. Send me feedback on how we can improve. We want to be worthy of your time. I respond to every email.

Whitney Wolfe Herd

Growing up in Salt Lake City, Utah, Whitney Wolfe Herd faced the constraints of a conservative environment where women were often sidelined. Her early experiences with an abusive relationship in high school shaped her understanding of toxic gender dynamics.

"I experienced severe emotional abuse from my high school boyfriend during my really formative years, and it stripped me down to nothing," Wolfe Herd recalls.

This adversity, however, planted the seeds for her future mission. After college, Wolfe Herd's entry into the tech world came through Tinder, where she served as vice president of marketing. But her time there ended in turmoil, with a sexual harassment lawsuit and a difficult exit.

It was in this low moment that Wolfe Herd found her opportunity. She envisioned a dating app that would empower women to make the first move, flipping traditional dating dynamics on their head. With the support of Badoo founder Andrey Andreev, Bumble was born in 2014.

"What if I could flip that on its head? What if women made the first move, and sent the first message?" Wolfe Herd pondered.

Building Bumble wasn't easy. Wolfe Herd faced skepticism from an industry dominated by male executives and investors. She had to prove that a women-centric approach could succeed in the competitive world of dating apps.

"Nobody will ever be an entrepreneur for the sake of being one," Wolfe Herd states. "Almost every successful entrepreneur woke-up and experienced or identified a problem they passionately and vigorously wanted to solve".

Her persistence paid off. Bumble quickly gained traction, attracting millions of users who embraced its female-first approach. The app expanded beyond dating, offering features for friendship and professional networking.

In 2021, Wolfe Herd achieved a remarkable milestone. At 31, she became the youngest woman to take a company public in the United States. Bumble's IPO was a resounding success, instantly making Wolfe Herd a billionaire.

"I have a degree of imposter syndrome," Wolfe Herd admitted on the day of the IPO. "On a day like today, when everyone's celebrating, I'm still kind of looking over my shoulder, like, we have to do more".

Today, Bumble boasts over 100 million users across six continents, with 1.5 billion first moves made. Wolfe Herd's vision has transformed not just the dating landscape, but also how women approach networking and friendships.

"I'm more dedicated than ever to helping advance gender equality — and putting an end to the misogyny that still plagues society," Wolfe Herd declares.

Wolfe Herd's story is one of turning personal pain into purpose, of challenging societal norms, and of relentless pursuit of a vision.

Lessons

Lesson 1: Bring solutions, not just problems. Wolfe Herd instilled a problem-solving culture at Bumble. She tells her team, "If you have a problem, please don't come talk to me about it unless you have a suggested solution." As a leader, you should encourage your team to think critically and propose solutions. This approach fosters innovation and empowers employees.

Lesson 2: Understand human behavior. Wolfe Herd's background in global studies gave her insights into human psychology and sociology. This knowledge proved invaluable in creating a successful consumer product. You should strive to understand your users deeply. As Wolfe Herd puts it, "The only way to engineer virality and make a product work is to understand the human."

Lesson 3: Overwhelm with quality. Wolfe Herd learned from her parents the importance of attention to detail and over-delivering. In her family's grocery store, even the unseen parts of product packaging had to be perfect. You should aim to exceed expectations in every aspect of your business, even in areas customers might not immediately notice. This commitment to quality can set you apart from competitors.

Lesson 4: Maintain enthusiasm. Wolfe Herd's mother once advised her, "Don't lose your enthusiasm. People follow enthusiasm." As a leader, your energy is contagious. You can't teach enthusiasm, but you can model it. Your passion for your work can inspire your team and attract customers and investors alike.

Lesson 5: Don't underestimate the power of branding. Bumble's distinctive yellow branding and bee motif helped it stand out in a crowded market. You should invest time and thought into your visual identity. Wolfe Herd emphasizes, "Your brand is more than just a logo. It's the emotional connection people have with your product."

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Whitney Wolfe Herd Quotes

On brand identity: "Anyone can replicate a product. There are lots of brilliant minds out there that know how to code, but there's unique DNA to a brand."

On company culture: "Culture isn't just about perks. It's about creating an environment where people feel valued and motivated to do their best work."

On imposter syndrome: "I have a degree of imposter syndrome. On a day like today, when everyone's celebrating, I'm still kind of looking over my shoulder, like, we have to do more."

On resilience: "When humans can hide behind a screen, when they're anonymous essentially, they lose their kindness gene. We're trying to bring accountability back to the internet."

On creativity: "Constraints breed creativity. When you have limited resources, you're forced to think outside the box."

That’s all for today, folks. As always, please give me your feedback. Which section is your favourite? What do you want to see more or less of? Other suggestions? Please let me know.

Have a wonderful rest of week, all.


Recommendation Zone

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This free 3-hour Mini Course on AI & ChatGPT (worth $399) will help you become a master of 20+ AI tools & prompting techniques and save 16 hours/week.

Get it now for absolutely free! (for first 100 users only) 🎁

This course will teach you how to:

  • Build business that make $10,000 by just using AI tools

  • Make quick & smarter decisions using AI-led data insights

  • Write emails, content & more in seconds using AI

  • Solve complex problems, research 10x faster & save 16 hours every week

Register & save your seat now! (100 free seats only)


Alex Brogan

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