653 Elan Lee, Co-Creator of Exploding Kittens — How to Raise Millions on Kickstarter, Deconstructing Mega-Successes, Secrets of Game Design, The Power of Positive Constraints
This is a Google Bard AI summary of the Tim Ferriss Podcast #653- visit www.TinyTim.blog for more AI summaries, or www.Tim.blog for the official Tim Ferriss Podcasts.
In this episode of the Tim Ferriss Show, Tim interviews Elan Lee. Lee is a game designer and entrepreneur, and he is the co-creator of the popular card game Exploding Kittens.
In the interview, Lee discusses how he raised over $8 million on Kickstarter for Exploding Kittens. He also discusses the lessons he learned from the experience, and he offers advice to other entrepreneurs who are considering launching a Kickstarter campaign.
**How to Raise Millions on Kickstarter**
Lee shares several tips for raising millions on Kickstarter. These include:
* **Create a great product.** Your product needs to be something that people want and need.
* **Have a strong story.** Your Kickstarter campaign should tell a compelling story about your product and why it matters.
* **Build a strong community.** Before you launch your Kickstarter campaign, you need to build a community of people who are interested in your product.
* **Set a realistic goal.** Don't set your goal too high, or you'll be disappointed.
* **Promote your campaign.** Once you launch your Kickstarter campaign, you need to promote it to as many people as possible.
**Lessons Learned from Exploding Kittens**
Lee shares several lessons he learned from the experience of raising over $8 million on Kickstarter. These include:
* **Don't be afraid to fail.** Everyone fails at some point. The important thing is to learn from your mistakes and keep moving forward.
* **Don't give up.** There will be times when you want to give up. But if you keep going, you'll eventually succeed.
* **Believe in yourself.** If you don't believe in yourself, no one else will. So have faith in yourself and your ability to succeed.
**Advice for Entrepreneurs**
Lee offers several pieces of advice to other entrepreneurs who are considering launching a Kickstarter campaign. These include:
* **Do your research.** Before you launch your Kickstarter campaign, you need to do your research and understand the platform.
* **Be prepared to work hard.** Launching a successful Kickstarter campaign takes a lot of hard work.
* **Be patient.** It takes time to build a successful Kickstarter campaign. So don't expect to become an overnight success.
**Conclusion**
Lee's interview provides valuable insights for anyone who is considering launching a Kickstarter campaign. His discussion of how he raised over $8 million on Kickstarter for Exploding Kittens is inspiring and informative.
Here are some additional key points from the interview:
* A great product is essential for success on Kickstarter.
* A strong story can help you connect with potential backers.
* Building a strong community before you launch your campaign is critical.
* Setting a realistic goal is important for avoiding disappointment.
* Promoting your campaign is essential for reaching as many people as possible.
* Don't be afraid to fail.
* Don't give up.
* Believe in yourself.
* Do your research.
* Be prepared to work hard.
* Be patient.
653) https://tim.blog/2023/02/03/elan-lee/
