Sunday, June 22, 2014

People Invested $1 Million In An App That Just Says ‘Yo’

Last week, the Tech Blog of Financial Time discussed about a brand-new app, Yo. An article by Judd Legum at Think Progress also narrated how the App got a $1 million funding.  It only took 8 hours to build the app, and the only thing it does is allow you to send the word ‘Yo’ to your friends. To many, it seems like a joke. But its inventor, or Arbel, is totally serious.

Yo is a very simple app. It allows you to send a push notification to anyone else with the app. All of those notifications say the same thing: “Yo.” The entirety of the app is a list of friends’ usernames, one tap of which sends them a “Yo”, which arrives with a cheeky intonation of the colloquial greeting and the name of the sender. Arbel, who built the app three months ago, has quit his job and moved halfway around the world — from his native Israel to San Francisco — to work on Yo full time. According to Arbel, once you start using Yo “the way it affects your life is profound.” He noted that many of the reviews of Yo in the app store say things like “Yo changed my life.” Each Yo can mean whatever you want it to mean – or have agreed beforehand with your friend. Ultra-simplicity brings wide-open scope for personal interpretation.

Arbel plans to build a Yo button for bloggers, to alert followers when they post, or allow brands to send out Yos when they are running sales. “We are playing with a lot of ideas,” he says – but none that will add complexity to the app. “You need to have just one thing. It has to be only yo.” The past week has seen one interesting example: add the user WORLDCUP and it will send a Yo whenever a team scores in the football championship. It doesn’t give the score or the team, of course, but it’s an alert to look up at the nearest screen to see the replay. Thus far, it has attracted over 50,000 users who have sent about 4 million Yos.

“It’s not just an app that says Yo,” says Mr Arbel. “It’s a whole new means of communication.”




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