Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Cluely’s Roy Lee suggests that generating viral buzz alone is insufficient

Cluely’s Roy Lee suggests that generating viral buzz alone is insufficient

Bitget-RWA2025/11/06 01:45
By:Bitget-RWA

Roy Lee, who started Cluely, believes startups should pay more attention to going viral on social media, but he also acknowledges that simply getting your name out there isn’t enough for lasting success.

“I’m not sure it was a mistake, but maybe we launched prematurely,” Lee remarked during his appearance at TechCrunch Disrupt 2025 last week. “Our concept was to release something that barely functioned, hoping that if we attracted enough early adopters, they would discover the best ways to use it for us.”

Cluely made a splash in the tech world in April by using provocative marketing for a product it said would let users “cheat on everything.” Lee first gained attention after being suspended from Columbia University for developing a tool that helped people cheat during coding job interviews. He used that infamy to launch Cluely, a company that claimed to provide users with undetectable information during online chats, effectively letting them “cheat on everything.”

At the end of June, Cluely rolled out its enterprise solution, which was promoted as being useful for a range of scenarios, such as sales calls, customer service, and online tutoring.

Earlier this week, the company pivoted and narrowed its focus, unveiling a new website that describes its offering as an AI meeting assistant. Now, the company’s goal is to “become the leading AI note taker, starting with individual users,” Lee explained onstage. Although the AI notetaking space is already crowded, Roy highlighted features like “automatically sending follow-up emails.”

When asked about sales and customer retention, he avoided specifics, only saying: “I can say we’re performing better than I thought we would, but we’re not the fastest-growing startup ever,” according to Lee.

The buzz Cluely generated helped it land a $15 million Series A investment from Andreessen Horowitz in June. That same month, a16z partner Bryan Kim mentioned on the firm’s podcast that he invested in Cluely because Lee had figured out how to turn attention into paying users.

When Cluely launched its product this summer, Lee proudly shared that the company’s ARR jumped from $3 million to $7 million in just a week. “Anyone who has a meeting or interview is giving this a try,” Lee told TechCrunch at the time.

But four months on, Lee is much less willing to discuss his company’s financial results. “One thing I’ve realized is you should never disclose your revenue figures.”

Lee argued that there’s no benefit to making his company’s numbers public: “If things are going well, no one will talk about your success, but if things aren’t going well, that’s all anyone will discuss.”  

Still, many founders at rapidly expanding AI startups have no hesitation about making their ARR public, and sharing impressive growth figures has become common in the current AI surge.

Cluely’s journey so far shows that in the software world, social media buzz can only take a company so far if there isn’t a solid product to keep customers engaged after they’re drawn in.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

VIPAI Asset Sell-Off and Selective Rotation in Crypto

1. Technology stocks fell sharply as investor interest shifted toward energy and selected defensive assets. From October 10 to 16, the Nasdaq 100 declined 5.49% and the S&P 500 fell 1.95%, while the Dow gained 0.67% and WTI crude rose 10.41%. BTC, ETH, and SOL declined 1.27%, 2.65%, and 4.44%, respectively. This week's technology earnings will be an important test of whether revenue growth, margins, and cash flow can justify current valuations. Better-than-expected results could help stabilize markets in the near term. 2. Crypto continues to see pockets of strong activity, but a broad-based altcoin season has yet to materialize. CoinMarketCap's (CMC) Altcoin Season Index stood at 54 as of the October 18 UTC daily observation, below the altcoin-season threshold of 75, while BTC dominance rose to 60.08%. Our proxy leverage ratio fluctuated between 4.00 and 4.07 during the week, showing no sustained increase and suggesting limited appetite for additional leverage. Meanwhile, as major exchanges expand access to traditional financial assets, the recent sell-off in AI-related equities could attract short-term speculative capital away from crypto. Such capital rotation could make it more difficult for a new altcoin season to take hold. 3. Papertrade's loss-to-mine model has generated significant interest across the crypto community. The protocol combines high-leverage derivatives trading with zero slippage and a mechanism that rewards trading losses with PAPER tokens. Across the eight complete UTC days from October 10 to 17, cumulative reported revenue reached approximately $56.08 million, including $51.90 million distributed to token holders. With growing participation from key opinion leaders (KOLs), Papertrade has reportedly ranked among the top three platforms by profitability in the broader market recently. Assets to watch: BTC, ETH, SOL, ARB, OP, SKHYNIX, SKHY, META, TSLA, LRCX, and SPCX. Key research priorities this week: Cash flow performance in technology earnings; the relative discount and holding costs of the two SK Hynix contracts; and U.S. initial jobless claims and PMI data. Weekly market data cover the period through October 16, while research information was verified through October 18. Observation periods are specified separately for each chart.

Bitget•2026/10/19 06:51
AI Asset Sell-Off and Selective Rotation in Crypto