The Startup Ideas Podcast
The Startup Ideas Podcast

Making Millions Through Memes with Chris Josephs

February 2, 2023

AI Summary

5 min read

Chris Josephs built a finance app that climbed the charts without spending a dollar on paid acquisition. His method: turn Nancy Pelosi’s stock trades into a meme, then use that meme as a distribution engine for a product that lets people copy-trade politicians. The story is a case study in how to identify an existing cultural conversation, inject your product into it, and let the channel do the work.

The Pelosi Pivot

Josephs started with Iris, a social network for investment portfolios where users could connect their brokerage accounts and follow each other’s trades. The problem was growth. He couldn’t afford to pay high-profile Twitter personalities to promote the app, and smaller names didn’t move the needle. The solution came from observing what people were already talking about: Nancy Pelosi’s stock trades. In early 2021, Pelosi was making headlines for trading Tesla, and the public conversation was already buzzing with anti-establishment energy around politicians trading stocks. Josephs built a simple profile on Iris called the Nancy Pelosi Tracker, made a few tweets and TikToks, and it blew up. The key insight: “Those distribution channels are already made. You don't have to go out and create a new message, a new platform, a new way to tap into it. Just create content that can be distributed into those distribution channels.”

The Meme Distribution Playbook

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What you'll learn

  • 1 (01:04) **Origin Story: From a Social Network for Portfolios to the Pelosi Tracker** - Chris explains how the Nancy Pelosi tracker was born as a growth hack for their original product, Iris, a social network for investment portfolios.
  • 2 (03:31) **The Distribution Strategy: Plugging Into Existing Channels** - Chris describes the core insight: don't build a new distribution channel, just pump content into the ones that already exist.
  • 3 (04:56) **The "Mascot" Strategy: Owning the Narrative** - Chris explains how they used Nancy Pelosi as a pseudo-spokesperson without being beholden to her.
  • 4 (07:11) **The Messy Middle: From Zero to Viral** - Chris details the tactical steps to go from zero followers to a viral account.
  • 5 (10:48) **The Power of Memes: Definition and Underrated Value** - Chris defines a meme as a relatable thought and argues they are severely underrated for startups.
  • 6 (13:03) **Case Studies in Meme Marketing: Netflix, Minions, and Tesla** - Chris gives examples of how major brands use memes for organic growth.
  • 7 (20:57) **How to Build a Meme Campaign: Transitive Messaging** - Chris explains the process of creating a meme campaign by studying the target community.

+ Full timestamped outline available in the app

Show Notes

Today Greg is joined by Chris Josephs of Autopilot, an app that lets you automate your investment portfolio by copying top-notch traders like Nancy Pelosi and Warren Buffett. In this episode, Greg and Chris break down how Autopilot got to the top of the charts in the App Store by using memes to grow and audience.

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LINKS FOR THIS EPISODE:
Production Team:
https://www.bigoceanpodcasting.com
Chris Josephs:
https://joinautopilot.com/
https://twitter.com/Chrisjjosephs


SHOW NOTES:
0:00 - Intro
6:53 - How memes made Autopilot a top ranked finance app
12:14 - A guide to using memes and pseudo-memes
28:00 - How to cross-channel your short form content 
34:57 - Building a competition-proof product
42:00 - Chris's advice for building an audience from scratch

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