asterisk2a + product/market   58

Gary Vaynerchuk | USC Entrepreneur Talk | 2015 - YouTube
// I am an HR dictator. Don't be a dick like Steve because Steve was a dick and was successful and this icon that died a tragic death. << wantrepreneur. // its about having a product/market fit and executing well! it's what you do with it. //
Gary  Vaynerchuk  wantrepreneur  entrepreneurship  Start-up  of  You  entrepreneur  advice  lesson  HR  human  resources  corporate  culture  corporate  values  long-term  Legacy  CEO  Leadership  recruiting  recruitment  self-actualization  self-awareness  hunt  for  yield  2015  Silicon  Valley  irrational  exuberance  hubris  panic  execution  Product/Market  Fit 
september 2015 by asterisk2a
#TOA Interview with Fred Wilson & Brad Burnham of Union Square Ventures - YouTube
mi 32 - lack of adoption of SV model: no politics, execution, results driven, value creation, accepting Failure as outcome (culture of Stigma in EU and Germany) // min 36 - oh hi there world - buy into the company! a partner, strategic joint venture. shared economic interest, own platform by publishers! // miss-allocation of capital ! // hard things about hard things - Pivot, layoff vs running out of money not finding product/market fit & traction // early on its only hunch & gut based. // #TOA15: ¨Are the Germans Unable to Disrupt?¨ with Christoph Keese (Axel Springer SE) - youtu.be/YyuJmAtZQis - its abt value creation, value add, redesigning of value, chains, product, data. Big corps cant disrupt itself. especially not by committee. Legacy companies unlikely 2 survive bc of patterns 2 stick 2 the conventional & fail than fail with unconventional & look like a fool (risk aversion, Failure in the public eye). Book "Silicon Valley: Was aus dem mächtigsten Tal der Welt auf uns zukommt"
Europe  Start-Up  Scene  Berlin  Start-Up  Scene  Failure  incrementalism  incremental  value  creation  added  value  Core  Product  Proposition  intangible  value  Mittelstand  SME  SMB  Proposition  Venture  Capital  oh  hi  there  world  Fred  Wilson  London  Scene  Wall  Street  shareholder  value  profit  maximisation  book  ecosystem  distortion  asset  allocation  Germany  Europe  industrial  policy  Revolution  2.0  STEM  3D  printing  Software  Is  Eating  The  automation  automotive  Big  Data  Robotics  business  consumer  disrupting  markets  disruption  creative  destruction  Pivot  Product/Market  Fit  traction  self-awareness  MVP  Minimal  Viable  Product  Lean  Start-Up  timing  Internet  Privacy  Privacy 
august 2015 by asterisk2a
The Vergecast 168: Really good codeine - YouTube
min 46 // Instagram increased res for square format, now allowing all photo formats (vertical and landscape, after user hacked the square format - putting in landscape or portrait photos with borders - to make it square) vs what it was and was not and what it only offered on release day. "the great equaliser." all had the same tool, limitations, options, ways to express, make photos more interesting. thus it showed off some specific creative you (how to use your phone camera), not your skill and experience with Photoshop, lighting, photo school rules - that can set you apart. Instagram was a small, limited, enhanced window you your world, to that moment - captured. And now like Social Media. It is being gamed. Exploited. Abused. For specific commercial and or personal purpose. // Instagram was sort of, lucked out, with not being something for everyone. No it has become that thing that can be used by everyone - for their purpose. Follows it being primed for advertisers ...
Instagram  differentiate  differentiation  photo  app  constraint  artificial  constraint  community  philosophy  Facebook  Newsfeed  Social  Media  Selbstdarstellung  Celebrity  of  You  Beme  community  management  Twitter  Product/Market  Fit  MVP  Minimal  Viable  Product  category  vertical  consumer  management  experience  user  hack  strategy  Snapchat  Vine  YouTube  expression  creative  content  creator  digital  content  user  generated  content  The  Wars  Multimedia  Periscope  Meerkat  barriers  to  entry  cost  of  entry  meritocracy  meritocratic 
august 2015 by asterisk2a
Pando: A good problem to have: Andy Dunn and Phil Libin talk about the difficult decision to fire themselves
At the beginning of your company when you are always a couple of months away from going out of business and every crisis is an existential crisis, because all you’re trying to do is optimize for staying alive. That is the happiest and simplest time in your company… everything else is in the good problem to have category, which is like “Good news, you’re kind of successful that’s why you’re having it. Bad news is it’s more stressful than anything else before.” &! As a founder your instinct is to put something new in the world... you start a company because you are irreverent. You start a company because you want to create something out of nowhere, and the paradox is that if you are successful with that, and then a job evolves from an act of creativity and irreverence. Focus and execution and scaling become equally important as [creativity and irreverence]. You have to ask yourself am I a fit for what the job requires?
Start-Up  lesson  Start-Up  advice  MVP  Product/Market  Fit  Minimal  Viable  Product  scaling  Problem  Solving  accelerated  learning  Failure 
august 2015 by asterisk2a
Why Billion-Dollar Valuations Don’t Matter | TechCrunch
I recently heard a story about one VC pushing a company to drive their burn up from $1 million a month to $2.5 million. Unfortunately, an inefficient sales force will always come back to bite you in the butt. We typically think of 60 percent as the benchmark for a healthy performing sales organization. Anything less and you don’t have a repeatable model. [ avc did write about that you need to find product/market fit, traction, self starter, great net promoting score, without spending marketing/advertising/pr ] [...] The goal of every entrepreneur and VC for that matter should be to build sustainable and scalable businesses. The only way to do that is to focus on the metrics that truly matter. The companies that nail many, if not all, of the above criteria will be the ones that make it to the finish line, and the balance will be wandering through the forest looking for someone to feed them.
Unicorn  SAAS  Slack  DropBox  Box  Venture  Capital  Silicon  Valley  growth  round  2015  KPI  metrics  accounting  user  churn  customer  retention  upselling  customer  acquisition  CAC  Decacorn  on-demand  convenience  Marketplace  business  model  user  acquisition  Product/Market  Fit  Share  Economy  middleman  scale  economies  of  scale  FOMO  hunt  for  yield  Start-Up  advice  Start-Up  lesson  burn  rate  runway  Homejoy  Net  Promoter  Score  consumer  product  business  product  B2C  B2B 
august 2015 by asterisk2a
How To Get 1 Million Subscribers - YouTube
meritocracy, democratic, egalitarian. anyone who has interest, can find it. u will have an audience, even it is just 1. either they like it, share it & come back. or they leave u alone. // Beme, remove the aspect of creation. the friction. the cognitive cost. the overhead. a process to follow. a tutorial or how to listicle to read. to Google or to ask. >> Product developers & investors should think about the cognitive cost of their products. The cognitive cost very often can be much higher than the financial cost. Products with a low cognitive cost are those where the technology fades away and dont require a consumers ongoing attention. bit.ly/1Nz0veO // "Don't make me think." << book, UI UX mantra. // Photo-filter-app vs photo-editing-app vs video-editing-ai-augmented-intelligence-app that have popped up. podcasting. EDM // what has lots of overhead & sometimes really disappointing user experience? Skype, Windows, FriendFeed, Twitter?(niche compared 2 FB). Q&A youtu.be/6xVdM0QJq6Y
Casey  Neistat  freedom  of  expression  expression  creative  destruction  Beme  Vlogging  vlog  YouTube  Vine  Instagram  Periscope  Twitch  justin.tv  Qik  writing  Video  mainstream  filter  bubble  editor  Reddit  4chan  storytelling  Music  Industry  Indie  Music  Hollywood  content  discovery  content  distribution  distribution  model  TV  Reality  TV  scripted-reality  television  painting  digital  economy  digital  content  marginal  cost  economics  of  abundance  critics  Artist  graphic  artists  digital  cognitive  cost  friction  frictionless  Product/Market  Fit  MVP  Start-Up  lesson  Start-Up  advice  consumer  product  UI  UX  user  engagement  user  generated  content  user  experience  user  churn  hook  customer  empowerment  customer  experience  customer  retention  customer  acquisition  Podcast  podcasting  Platform  content  creator  The  Wars  Snapchat  SMS  WhatsApp 
august 2015 by asterisk2a
Secret’s Demise and Uber’s Next Potential Acquisition by The Jay & Farhad Show
Jay Yarow (Business Insider) talk abt Secret’s demise; Google Ventures partner compares failed startup Secret to 'a bank heist' - bit.ly/1h9RZFc &! Google Ventures partner sort of apologizes for comparing one of his portfolio companies to a 'bank heist' - bit.ly/1NQsFyI // 2012-mid 2015 Environment: FOMO! // @StartupLJackson - startupljackson.com/post/118338084025/secret-financing - "Their big issue was that they were Silicon Valley famous before product-market fit, which meant the failure was public and the hype cycle inescapable. That may have been their fault, may not have been. Journalists can sort that out. Other founders: don’t ever do this." what other names/co come 2 mind, being Hyped, feeding the hype & failing very publicly!? Kevin Rose - Digg, Dennis Crowley fights not to fail publicly with Foursquare, Twitter post-IPO, FriendFeed in its own way, ?Photo? 40m no product, Bebo post-AOL acquisition, Consumer Products are inherently hard and luck based. Path.
Secret  Venture  Capital  Google  Ventures  FOMO  Silicon  Valley  ethical  machine  termsheet  Whisper  anonymity  pseudonym  Trend  Hype  Cycle  Yik  Yak  Beme  Casey  Neistat  Dennis  Crowley  foursquare  Digg  Kevin  Rose  consumer  product  Product/Market  Fit  Bebo  AOL  Twitter  Friendfeed  Path  Dave  Morin  Friendster  StudiVZ 
august 2015 by asterisk2a
Growth vs Retention – AVC
"Retention was clearly bad, and that’s what killed us" [...] [...] This all comes back to stepping on the gas before finding product market fit. You might think you have product market fit and so you scale up your hiring, your marketing, your sales, and your capital raising and spending. But if you can’t retain a healthy percentage of your users past ninety days, you don’t have product market fit yet and all the investment you make in your business is just money down the drain. So focus first on your 90 day retention numbers and make sure to nail them and prove you have product market fit. Then scale. // find natural/organic marketing - advertising - instead of building a non-product related cost center like sales, marketing, and advertising. short-cuts like these don't fix the product per se.
user  churn  customer  acquisition  Product/Market  Fit  MVP  user  acquisition  business  strategy  product  strategy  strategy  Start-Up  lesson  Start-Up  advice  burn  rate  runway  Homejoy  distribution  model  discovery  content  distribution  content  discovery  Net  Promoter  Score  word  of  mouth  Tribe  1000  True  Fans  UI  UX  user  experience  user  engagement  customer  experience  customer  retention  customer  service  SAAS  marketing  growth  round  cost  center  short-term  view  short-term  thinking  feedback 
august 2015 by asterisk2a
Pando: Lessons from the startup graveyard
The startup grim reaper is time. Money buys you time; burn rate takes it away. // & avc - investing money into distribution before MVP/Product/Market Fit (traction, great net promoter score, word of mouth, social media sharing, email sharing, steady self-runner) is a waste. why pour gasoline on a non-existing fire, down the drain, never recoverable, no ROI!?!?
Start-Up  lesson  Start-Up  advice  burn  rate  runway  MVP  Product/Market  Fit  Minimal  Viable  Product  traction  user  churn  user  acquisition  customer  retention  customer  acquisition  Net  Promoter  Score  word  of  mouth  Social  Media  KPI  OKR 
august 2015 by asterisk2a
Episode 49: The Shortest Interview With Jenny Lee From GGV Capital by analyseasia
8:00 don't innovate for innovation sake, R&D in the lab is only R&D. address real world problem, issue that is bothering you and you can't stand it any more that nobody is doing something about it. add value, is it of value, people coming back every week, month. are you creating more value than you take!? productise the solution. build a big or small sustainable company around it. // you are the first customer, you are solving your problem! // 10:00 the mobile super computer, connectedness, big data, relevance, targeted ... apps (appification) destructing traditional verticals, ... always on. platform offers new business models, enabled by scale and network effects, ... and convergence of different tech ( IoT in store connected to store e-commerce solution - user stores app )
Start-Up  lesson  Start-Up  advice  MVP  Minimal  Viable  Product  Product/Market  Fit  vertical  mobile  first  mobile  homescreen  Appification  mobile  phone  Venture  Capital  Asia  entrepreneurship 
august 2015 by asterisk2a
It’s fast, global, engaged and influential – so why isn’t Twitter flying? | Technology | The Guardian
Meanwhile, in the past year around 450 people have left the company, according to a study by the Financial Times. That constitutes about 12% of the firm, and includes senior figures. The loss of existing staff is always a worry in a San Francisco tech company: rivals will offer signing bonuses and options on stock that are likely to grow in value, rather than enduring Twitter’s stock-market rollercoaster. [...] Dorsey’s appearance on the results conference call last week was in effect an audition for the job. “We need to do three things. One, we need to ensure a more disciplined execution. Two, we need to simplify our services to deliver Twitter’s value faster. And three, we need to better communicate our value,” he said briskly. He also acknowledged that mismatch between fame and usage. [...] But he notes that user growth still lags, and that “engagement” – how often people who have created an account use it – remains far lower than Facebook’s.
Twitter  MVP  Product/Market  Fit  business  model  MAU  Core  Product  Value  Proposition  creation  Value  Proposition  added  Wall  Street  profit  maximisation  shareholder  Silicon  Valley  counter  culture 
august 2015 by asterisk2a
Ross Mayfield and Mark Suster on maintaining focus as a SaaS startup
early on resource constraint - focuses on product, and saying no. // feature creep - can't be all things to all people! anti-bloat. KISS. user friendly, no tour needed for on boarding. << making an product intuitive. // Aaron Levie said he said no to many clients.
SAAS  Box  Aaron  Levie  Start-Up  lesson  Start-Up  advice  Focus  Product/Market  Fit  Core  Product  Value  Proposition  Value  Proposition  management  experience 
july 2015 by asterisk2a
The Traction Book: 5 Steps To Traction & Business Growth
product distribution is part of start-up failure, find and focus 2-3 great distribution channels - test hypothesis what channels should work - evaluate (measure), why or why not, ... figure out what works, [keep moving. if you stop moving, you will fail]. double down on what works. test, test, test. spend time - 50/50 - marketing/product early on. find a great distribution strategy! traction. have goals determin your action. without a goal you cant score. focus on activities that move you forward towards the goal. // Justin Mares, Co-Author, Traction, Startup Grind Ottawa - youtu.be/R3OxmLBIsRg &! Startup Metrics Toronto December 2014 - Justin Mares on User Onboarding - youtu.be/9HzNxCkHias
book  Start-Up  lesson  Start-Up  advice  traction  growth  hacking  growth  hacker  viral  coefficient  Net  Promoter  Score  Product/Market  Fit  MVP  Core  Product  Value  Proposition  Value  Proposition  Minimal  Viable  Product  marketing  advertisement  affiliate  marketing  content  marketing  Lean  Start-Up  A/B  Testing  marketing  channel  distribution  strategy  conversion  user  acquisition  PR  public  relations  brand  awareness  user  engagement  user  generated  content  user  churn  customer  retention  customer  acquisition 
july 2015 by asterisk2a
#TOA14 Interview with Julie Meyer (CEO & Founder, Ariadne Capital) - YouTube
(1) why not to go to Palo Alto (2) money will find you if you are good enough/traction. // &! Enterprise Connect Presents: Raising Finance; Top Tips From Industry Experts (Highlights) - youtu.be/9Psgw5oJSMs // &! Lecture 9 How to Raise Money Marc Andreessen, Ron Conway, Parker Conrad - youtu.be/NJAKt1icZYs
Start-Up  lesson  Start-Up  advice  traction  Focus  Product/Market  Fit  MVP  Minimal  Viable  Product  viral  coefficient  Net  Promoter  Score  network  effect  Venture  Capital  hunt  for  yield  Seed  Round  A  Round  Angel  Investor  London  Scene  Berlin  Start-Up  Scene  Networking 
july 2015 by asterisk2a
This is the Product Death Cycle. Why it happens, and how to break out of it
via bit.ly/1MEHKDc [ can't be everything for everyone ! Aaron Levie (Box, SAAS, Enterprise) in one interview said they did not go ahead with some clients ("Saying NO, is maybe even more important than saying yes.") because they wanted so much change, which would make further update to the whole system a headache/more cost than the client would bring in. ] // "The Product Death Cycle is tricky because it’s driven by the right intentions: Listen to customers and build what they want. People in the Product Death Cycle naturally believe that they are doing the right things, but good intentions don’t translate to good traction. Instead, ask “why?” over and over, to understand the root cause for lack of growth."
product  management  Officer  Start-Up  lesson  Start-Up  advice  feedback  KISS  Leadership  vision  mission  MVP  Product/Market  Fit  Minimal  Viable  Design  product  experience  Core  Value  Proposition  friction  frictionless  communication  community  community  management 
july 2015 by asterisk2a
Banner “Fraud” Doesn’t Matter | Hacker News
bit.ly/1Jb27sI "A Message from brand marketers to publishers [...] We use banners as little billboards now. We use them strategically as incredibly cheap repeat impressions for brand awareness. We know many people don’t see them, we know most people don’t see them. Thats okay. We use them accordingly & the cost has been adjusted down to make them a perfectly great buy even though most people dont see them. [...] It’s an indicator to us that you don’t get this by the fact you’re still always talking about clickthrough, which was kind of BS when you first sold it to us twenty years ago, and doubly the case now." [ CPM will go lower, fundamentals point in that direction, Social Media & other future forms of advertising will fill in the lower CPM rates overall. Thus pressuring business models reliant on pageviews even more 2 increase pageviews as the revenue average per pageview declines. Thus u have 2 question which consumer product (entertainment & else) business model do you choose!?
display  advertising  banner  ads  advertising  click  fraud  AdSense  pageviews  Google  Search  brand  awareness  billboard  user  experience  user  engagement  Social  Media  eyeballs  CPM  Google  commoditization  clickthrough  native  advertising  branded  content  marketing  advertisement  targeting  advertisement  re-targeting  Programmatic  advertisement  advertorial  business  model  business  cycle  business  confidence  consumer  confidence  SAAS  consumer  product  closetphile  long-term  view  long-term  thinking  sustainability  sustainable  Product/Market  Fit  Core  Value  Proposition  Value  Proposition  added  creation  Net  Promoter  Score  network  effect  viral  coefficient  Start-Up  lesson  Start-Up  advice  subscription  model  subscription  productivity  aspirational  aspirational  product  mass  market  niche  Popular  Culture  Pop  Culture  click  bait  clicks  Clickbait  Linkbait  linkbaiting  Newsfeed  gatekeeper  impression  metrics  commodity  business  attention  span  user  behaviour  mobile  first  mobile  homescreen  paradgimshift  uncertainty  Evernote  DropBox  paywalls  paywall 
july 2015 by asterisk2a
Pando: 1500!
[P]aying for our journalism directly [...] less dependent on pageviews[.] Weve long understood that there were two types of article on Pando: The ones you absolutely couldnt find anywhere else, and the ones you possibly could. It’s the first kind that, for good or ill, have built Pando’s reputation. These are the articles in which, to quote John Gruber, we “Pando the hell out of a story.” Uber, Secret, the Techtopus -- regular readers know the hall of fame. Likewise our long-form profiles of inspiring entrepreneurs, PandoMonthly event series, and curve-ball regulars like The War Nerd and Brad Jonas’ brilliant illustrations. [...] By contrast, although we always try to avoid publishing linkbait and pure opinion, some of the posts which on the previous model might have been great for search traffic or guilty clicks have fallen off a cliff under the new model. Further proof that the high-traffic snackable content that’s good for advertisers isn’t necessarily valued by readers.
Pando.com  PandoDaily  Sarah  Lacy  business  model  paywalls  paywall  journalismus  investigative  journalism  journalism  niche  pageviews  The  Content  Wars  value  creation  TechCrunch  Re/Code  The  Verge  Silicon  Valley  disposable  income  discretionary  spending  convenience  consumer  product  mass  market  product  management  Product/Market  Fit  freemium  Clickbait  Linkbait  linkbaiting  copywriting  click  bait  The  Information  noise  noise  pollution  Signal  vs.  attention  span  productivity  zombie  consumer  quality  long-form 
july 2015 by asterisk2a
Snapchat Solicits Longer Content By Ditching Tap-And-Hold-To-Watch | TechCrunch
bit.ly/1NAmQWu "he's showing that he can make practical decisions that benefit the Snapchat users, even if it means losing something that was fundamental to Snapchat's product itself." // But doesn't he give up the 'attention grab/focus' feature for long-form content and thus also loosing share of the snacking %' !!?? long-term we will see what Snapchat will become and be eventually worth. Because it won't be a Facebook. It could turn out to be a Twitter with problems in monetisation (turning a profit and meeting growth stage investors expectations - current valuation ... at IPO and post-IPO one, two years on.) Gary might be right about putting yourself out of business than letting the other guys do it for you. But Snapchat (Mr Spiegel) may have been forced to abandon its 'differentiation' in order to meet valuation expectations by appealing to a broader potential user base to use it more, like to read news & consumer other types of content than Snapchats ( P2P or B2C versions ).
Snapchat  snacking  attention  span  user  behaviour  mobile  homescreen  mobile  phone  valuation  Evan  Spiegel  product  management  consumer  product  Social  Media  Social  Network  Core  Value  Proposition  product  experience  Design  Minimal  Viable  Product/Market  Fit  Officer  differentiate  differentiation  Twitter  Facebook  business  model  Unicorn  speculative  bubbles  speculative  speculation  growth  round  Silicon  Valley 
july 2015 by asterisk2a
A defense of Dave Morin | PandoDaily
[1bn consumer apps are more rare than lottery winners. period.] But despite it all, he just didn’t win. It’s crushing evidence of just how hard it is to build the next huge consumer Internet sensation. Mock Morin all you want, but pre-launch Google valued Path higher than it likely is valued today. If he was wrong to believe he could build the mobile Facebook, so were some of the smartest people in the Valley. So what did Morin do so wrong? Some parts of his thesis were right, but exact manifestations of that thesis weren’t. People were longing for a mobile social network focused on photos. People were longing for a Facebook-other. Just not the one he created. You can never predict how products will resonate. Did he focus too much on pleasing Valley early adopters while Snapchat and Whisper were resonating with teens, and Whatsapp largely got its legs through an international audience? Perhaps. [ Hypothesis; what do u believe what others dont believe
Dave  Morin  Path  Start-Up  lesson  Start-Up  advice  consumer  product  Design  Product/Market  Fit  Minimal  Viable  MVP  hypothesis  Appification  Snapchat  Instagram  Whisper  Yik  Yak  Secret  single-use  app  mobile  homescreen  user  behaviour  attention  span  Kevin  Rose  Silicon  Valley 
june 2015 by asterisk2a
How Sportswear Brands Build Loyalty - YouTube
advertising and marketing led growth in this segment is short sighted, inflating the numbers bc >> LTV of organic growth customers > than acquired customers through advertising, also in advertising (without a high Net Promoter Score/Viral Co-efficient/Product/Market-fit) there is no multiple for each dollar spend on advertising/marketing). The best would be native advertising/content marketing EDUCATING the people about health, fitness, and the added value and value creation your product brings in this "Project Me" that millions of people start on January 1st, every time again, ... // social status - of being fit, healthy, eating organic, etc << disposable income and time! //
Fitbit  Brand  quantified  self  added  value  value  creation  Under  Armour  Nike  adidas  community  community  management  mission  communication  Start-Up  lesson  Start-Up  advice  Net  Promoter  Score  Product/Market  Fit  viral  coefficient  content  marketing  consumerist  consumerism  zombie  consumer  status  anxiety  social  status  socioeconomic  status  convenience  disposable  income 
may 2015 by asterisk2a
How the Sharing Economy Is Impacting Travel - YouTube
w great app - word of mouth and net promoter score and marketing and advertisement you can, in an age of appification and single-use apps, create a deep trench away from Google Search (customers using desktop search from booking travel, hotel, flight, leisure experience). Lastminute.com can only react to Hotel Tonight and Hipmunk being first on the homescreen of phones with a great product/market fit. // min 6:30 - post-Search world (desktop) with limited screen size etc on homescreen we have come back to the portal. Yahoo! was a portal. No we have a new one in our hands in form of Apple iOS iPhone and Google's Android
Google  Search  Appification  single-use  app  Brand  Branding  word  of  mouth  Net  Promoter  Score  Start-Up  lesson  Start-Up  advice  MVP  Product/Market  Fit  Expedia  lastminute.com  mobile  homescreen  mobile  first  mobile  phone  UI  UX  user  experience  Hotel  Tonight  vertical  niche  Portal  Yahoo!  Yahoo  Y!  Android  iOS  Apple  Google 
may 2015 by asterisk2a
Building A Moat In A Bubble: Navigating Today’s Financing Environment | TechCrunch
But building an operating plan that depends on successively larger and higher-priced rounds to materialize in the future could mean disaster. If you find yourself too fixated on that deep moat you’re building around your business, you may just fall right into it yourself. Too often, entrepreneurs let the amount of capital available to them determine how to operate their business rather than the other way around. Every company has a natural cadence of growth that needs to be respected, regardless of the external fundraising environment. There’s a limit to how many high-caliber engineers, salespeople, and marketing executives companies can recruit and train in a given period – trying to hire too much faster could mean the quality bar gets lowered on new employees. For consumer-facing services, attempting to launch into hyper-growth mode through paid marketing — when basic things like user experience and retention still need to be addressed — could prove harmful in the long run. << !!!
Silicon  Valley  burn  rate  runway  2015  growth  round  Seed  Angel  Investor  hunt  for  yield  MVP  Product/Market  Fit  Start-Up  lesson  Start-Up  advice  fiduciary  responsibility  Private  Market 
may 2015 by asterisk2a
You Need To Be A Billion Just To Make A Million | TechCrunch
[ especially consumer apps being hit driven business, already, that can go out of fashion as quickly as they came, might be a flash in a pan like Secret & work only on the SV/SF ] Competition in the Valley has started reaching a new peak, with candidates demanding all kinds of accoutrements just to change jobs. But it’s not just recruiting that has become more challenging. Sales, marketing, public relations — essentially every task that a startup has to do is just more difficult today given this cutthroat environment. The only way to respond to the higher threshold has been to raise ever more capital, and earlier as well. We now have the rise of the “instant unicorn” that can raise hundreds of millions of capital in just the first months of a company’s existence. That means companies are already worth billions, before they may have made their first million dollars in revenue or gotten their first million users. That’s the new normal, and founders have to be ready to adapt.
Silicon  Valley  San  Francisco  barriers  to  entry  distortion  NIRP  ZIRP  QE  A  Round  Seed  Round  Angel  Investor  hunt  for  yield  Private  Market  competitive  advantage  ecosystem  burn  rate  runway  MVP  Product/Market  Fit  Start-Up  lesson  Start-Up  advice  unintended  consequences  bubble  speculative  bubbles  speculative  speculation  Venture  Capital  Private  Equity  growth  growth  hacking  growth  hacker  structural  imbalance  Impediments  creative  destruction  Unicorn  competitiveness  competition  competitive  Signal  vs.  Noise  allocation  attention  span  New  York  Start-Up  Scene  Silicon  Alley  HR  human  resources 
may 2015 by asterisk2a
Secret’s death will encourage VCs to make more investments like Secret | PandoDaily
Secret’s collapse is a Harvard Business Case Study in loss mitigation. [...] VC’s are going to start flocking even harder to big-risk-big-reward deals now. Why? Because they aren’t that risky at all any more. Startups that fail quickly may now return as much as 80-90% of their capital to investors. [...] the gravity of Byttow’s decision to return the capital should not be understated. VC’s like Peter Thiel* have long advocated to take the biggest risks possible, noting that a very small percentage of deals return the majority of capital. That argument is now strengthened. So, going forward, I think there could be three major trends that emerge from the Secret story: (1) VC’s are going to start pressuring their struggling portfolio companies to return the capital rather than die a slow, pivot-filled death. (2) This will create more culture of loss mitigation, which will then encourage said VC’s to take more risk with potential breakout hits.
Venture  Capital  Silicon  Valley  Secret  Failure  MVP  Product/Market  Fit  Start-Up  lesson  Start-Up  advice 
may 2015 by asterisk2a
New stats show raising Seed money from big VCs increases survival. (The opposite of what everyone in the Valley says) | PandoDaily
(2) Don’t do a “party round” (2) Don’t raise money from a major VC. They will only follow on with the best companies and the signaling risk if they say no can be damning. [...] The companies who raised funds from large VC firms did better than those who raised funds from micro-VCs. [...] The anecdotal stuff is true & the data is true. The answer to how thats possible lies, as everything else in venture world does, with a massive range of quality & low barriers to get in. [...] the # of firms who invest at least $1 million a quarter 4 at least four straight quarters, there are only a paltry 97 firms left in the industry. [...] Raising big institutional funds is hard. Even shitty big VC firms have 2 meet some kind of bar 2 get that money — which is increasingly disappearing in the US. [...] [ hypothesis/thesis of micro-VC is flawed & opportunistic of lower Start-up cost 2 get from idea 2 MVP 2 Product/Market Fit with some traction. higher delta between good & bad co&mVC&angel ]
Start-Up  lesson  Start-Up  advice  Venture  Capital  Seed  Round  Angel  Investor  Party  Round  distortion  hunt  for  yield  economic  history  unintended  consequences  ZIRP  NIRP  QE  technological  history  technological  progress  Micro-VC  VC  Product/Market  Fit  post-traction  Series  A  MVP  meritocracy  meritocratic  Accelerator  ycombinator  Seed  Camp  TechStars  500  Start-ups 
april 2015 by asterisk2a
Astro Teller: "Moonshots and Reality" | SXSW Live 2015 | SXSW ON - YouTube
Moonshots (huge problems, radical solutions*, breakthrough technology* = Google X) + maniacal focus of a Start-up. The last two sometimes can create blind spots, miss the obvious. // Don't build lonely MVP's. But don't push it to the press that sees it, and the user, as a finished product. Call it 'Alpha, so jenky.' "You will never get the right answer sitting in a conference room." // Learning from failure is much more data and insight than learning from success, and achieving success without constraints (trust fund kinds (straight white privileged male) out of Stanford working at a unicorn w a 100k-130k pay-check). A Start-up with constraints and inevitable non-death but near death failures is by principle accelerated learning. unComparable experience. Mistake-free learning experience doesn't exist! << education policy. Progress happens because you harness your failures. Creative, productive, failure. Failures are cheap if u do them first! (MVP) // Gladwell David vs Goliath.
Google  X  MVP  Product/Market  Fit  feedback  feedback  loop  Start-Up  lesson  Start-Up  advice  Success  Failure  constraint  education  policy 
april 2015 by asterisk2a
Contagious: How to Build Word of Mouth in the Digital Age: Amazon.co.uk: Jonah Berger: 9781471111709: Books
Indeed, word-of-mouth generates more than two times the sales of paid advertising and is the primary factor behind 20-50% of all purchasing decisions.It is between 8.5 and 30 times more effective than traditional media.But want to know the best thing about word-of-mouth? It's available to everyone.
Start-Up  lesson  Start-Up  advice  Social  Media  word  of  mouth  book  Net  Promoter  Score  feedback  feedback  loop  MVP  Product/Market  Fit  viral  coefficient  virality 
april 2015 by asterisk2a
[PREMONEY 2014] Micro-Waves: 10 Years Of Cycles...& What You Can Learn From Them - YouTube
7:30 - Have a Hypothesis (destiny, vision, future) where you product and company fits in in the big puzzle for the future (Testing your hypothesis/thesis first in small scale - youtu.be/3KteaWhL9hs see Zappos example), be a kick ass team, make a kick ass product, target a kick ass market (big, disputable, low regulation and low political barriers >> opposite is healthcare USA; entrenched interest groups, lots of regulation, lots of hard wired behaviour >> opposite was Uber and Lyft and Airbnb as it turned out). // 10:00 know and accept that you can't know everything - Blind Spots - WORK ON BLIND SPOTS/VECTORS, fill those positions in the team that supplement and make everyone stronger (team, company as a whole).
Start-Up  lesson  Start-Up  advice  Venture  Capital  Angel  Investor  Product/Market  Fit  MVP  Lean  Start-Up 
april 2015 by asterisk2a
ClassPass Acquires Competitor FitMob | TechCrunch
// see article, timeline from idea to MVP to feedback (don't build lonely MVP), to experimenting with Subscriptions and Passport (bundles) and seeing traction. It's called being a Start-up. The struggle. It rarely is it that what you think will work, works. But that is not public's perception about Silicon Valley nor Start-up life and how it is portrayed widely in media nor even in specific publications. Website Startupanonymous is the product of a symptom of that. Actually to talk about struggle and doubt and stress only in a non identifiable way ... possible.
MVP  Product/Market  Fit  Pivot  feedback  feedback  loop  Start-Up  lesson  Start-Up  advice  entrepreneur  entrepreneurial  entrepreneurship 
april 2015 by asterisk2a
Gillmor Gang: Money for Nothing - Gillmor Gang | TechCrunch TV
min 42 // A Round is now a "post-traction" investment aka proven product & business model. A Round is an investment to scale it up, put it up a bunch of gears. // Keith Teare from chat.center (tcrn.ch/1IWFQ1X) people now doing pre-seed, seed, seed prime & bridge funding via existing investors; figuring out Product/Market fit, traction, funnel, etc. Now more than ever a hits driven business. // see also tcrn.ch/1c54UpN // Complexity of phenomenon - symptoms, causes and tangents; biases, selection bias, pattern matching, bidding up hot deals in the private market where the highest bidder will get the deal - irrationality of accepting those valuations and the founders Unicorn-status need, hunt for yield, trendy - the future, when doing 'hard things' becomes fashionable (ie Reality TV, TV Series & a shallow Channel 4's How To Be A Young Billionaire) then beware, negative yields for secure investments (bonds and corp debt), perceived 'conservative' value vs private bid up bubble potential.
Seed  Round  A  Round  traction  hunt  for  yield  ZIRP  NIRP  QE  unintended  consequences  Silicon  Valley  asset  bubble  asset  allocation  behavioral  finance  bond  bubble  bubbles  equity  bubble  demographic  bubble  secular  stagnation  complexity  growth  Start-Up  lesson  Start-Up  advice  pattern  matching  selection  bias  confirmation  bias  bias  Unicorn  Wall  Street  Private  Mutual  Fund  Hedge  Fund  Venture  Capital  savings  glut  productive  investment  business  model  Snapchat  WhatsApp  Instagram  Slack  Uber  productivity  output  gap  STEM  Share  Economy  Services  Industry  Niedriglohnsektor  incomplete  information  economic  history  marginal  cost  liquidity  trap  sovereign  debt  crisis  debt  bubble  zombie  banks  zombie  consumer  zombie  corporations  structural  imbalance  global  imbalances  faultlines  Product/Market  Fit  value  creation  1000  True  Fans  Core  Product  Proposition  differentiate  differentiation 
april 2015 by asterisk2a
The Illusion of Product/Market Fit for SaaS Companies - Feld Thoughts
Myth #3 and myth #4 show up all the time at MRR’s > $1m. You disrupted someone a few years ago which is what caused you to discover product/market fit. Don’t be confused about the world – someone else is gunning for you now that you are the big player in whatever segment you are in. Every time you work on something new, whether it’s a new feature, a new product, or a new product line, recognize that you are searching for incremental product/market fit. The search is a continuous and never ending quest. Don’t confuse illusion with reality.
Product/Market  Fit  user  churn  user  acquisition  Start-Up  lesson  Start-Up  advice  entrepreneurship  entrepreneur  entrepreneurial  incrementalism  incremental  piecemeal  approach  feedback  feedback  loop  word  of  mouth  Net  Promoter  Score 
april 2015 by asterisk2a
The just maybe unsinkable Dick Costolo | PandoDaily
Costolo worked to stabilize an unsteady management team and outline a plan to address the main concerns: sluggish user growth and wringing new revenue out of its service. At the company’s analyst day in November, Costolo outlined several plans to boost user growth, engagement and revenue: make sponsored tweets 5 percent of user feeds, up from 1.3%; give new users an instant timeline to simplify the work needed to make Twitter useful; use Fabric and other initiatives to make Twitter an indispensable platform.
Twitter  Dick  Costolo  Product/Market  Fit  user  experience  Product  Design  experience  MVP  Minimal  Viable  Product  user  behaviour  user  acquisition  user  churn  Vision 
february 2015 by asterisk2a
Introducing Place Tips in News Feed | Facebook Newsroom
Facebook launches location-specific Place Tips for iPhone; appears at top of News Feed when user enters establishment; tapping displays friends' comments & photos related to business; also shows maps, restaurant menus, etc; viewing does not post to Facebook or reveal location; also testing w/ beacons in NYC // http://www.businessinsider.com/the-swarm-and-foursquare-backstory-and-progress-2014-10 >> "In late 2013, Foursquare CEO Dennis Crowley and his leadership team decided it was time to rethink things. If the company was founded today, what would the app look like? What would the experience feel like?" // &! http://taylordavidson.com/2014/apps &! http://features.en.softonic.com/why-single-use-apps-like-yo-could-take-over-your-smartphone
Facebook  geolocation  location  foursquare  Yelp  Start-Up  lesson  Start-Up  advice  differentiation  differentiate  features  feature  Big  Data  Appification  Single-Use  App  unbundeling  user  experience  user  behaviour  user  acquisition  UI  UX  business  strategy  focus  focused  simplification  simplicity  product  management  Product/Market  Fit  product  experience  Design  Minimal  Viable  multi-product  company  Officer  discovery  curation 
january 2015 by asterisk2a
DLD15 - What Matters Most in Startup Success (Bill Gross) - YouTube
timing, execution, idea. ... funding is no differentiator as business model. if you have customer demand for your idea (product/market fit) then you can use one business model of the shelve. good timing can crossover with product/market fit - ie come up with something people all the sudden need (ie extra income renting out bed, driving on the weekend and evenings). // timing - is the market really ready (reach/penetration)?! ie Oculus Rift (VR) is not yet mass market compatible. rise of casual gamer, ... mainstream media wrote about it when the market sort of peaked (3-5 break out hits hit mainstream usage. ie your mom). // longer version - https://www.youtube.com/watch?v=OZS-NCSJ9Zo
Start-Up  lesson  Start-Up  advice  Product/Market  Fit  differentiation  differentiate  execution  focus  focused  timing  burn  rate  runway 
january 2015 by asterisk2a
Apple Stores recruiting fashion/luxury experts ahead of Apple Watch debut | 9to5Mac
Apple Stores recruiting fashion/luxury experts ahead of Apple Watch debut — We've already seen how Apple is presenting the upcoming Apple Watch, which it calls its most personal device yet, as not just another technology device but also a piece of jewelry that the fashion world will be proud to embrace. // Apple really positioning itself into the upper market segment with watch. ... as hardware prices & manufacturing becomes something you can't compete on/with. it's a no-win-margin game, to compete nowadays with just-hardware. Apple marketing it's devices and brand (as well itself) as aspirational products. Starts from the physical stores, to the apple store (screening of apps for quality standards) to communication/pr/marketing, ... ends at internals, things you don't really see as average consumer, like the hw design where compromise is a word they don't use. et al. etc etc.
Apple  Apple  Watch  strategy  business  strategy  iOS  Android  Google  Microsoft  HTC  product  strategy  aspirational  product  product  management  Product/Market  Fit  product  experience  Design 
december 2014 by asterisk2a
(12) What are the early symptoms that a startup is going to fail? - Quora
6.) A desire for perfection. Perfection kills. The things that your early adopters care about? Those should be awesome. Everything else? Fuck it. A team that has a hard time being pragmatic will spend a lot of their time and money on shit that doesn't matter. And that will keep them from getting the product out early enough to get useful feedback. [...] 10.) Teams that know that they don't know much: generally awesome. Teams that think they know it all? Very dangerous.
Start-Up  lesson  Start-Up  advice  Lean  Start-Up  traction  Net  Promoter  Score  user  experience  user  churn  user  acquisition  viral  coefficient  Minimal  Viable  Product  Product/Market  Fit 
october 2014 by asterisk2a
As Samsung Falters, An Opening For Startups | TechCrunch
[Samsung] is so identified with the government and the progress of Korea that the country is occasionally referred to locally as the Republic of Samsung. So when Samsung repeatedly presented bad news to investors this past year, particularly its results last quarter that showed a drop of 15% of its operating profit — the first drop in three years — there has been something of a slowly boiling panic underway in the country. From talks with people who work at the company, stress levels are off the charts, intensified by the pressure to return previously-paid performance bonuses. My colleague John Biggs has already talked about Samsung’s race to the bottom, but that was before these most recent results. With consumers unwilling to pay top dollar for Samsung’s best smartphones and Chinese manufacturers readying a dizzying array of competitive and inexpensive products, Samsung faces what might be considered an almost overpowering inevitability crisis about its downfall.
Samsung  South  Korea  China  BRIC  flat  world  globalization  globalisation  Nokia  Motorola  competitive  advantage  competitiveness  competitive  Competition  comparative  advantage  multi-product  company  conglomerate  differentiation  differentiate  Japan  technological  progress  Apple  aspirational  product  Product/Market  Fit  change  Mobile  Creative  Mobile  Creatives  economic  history  Sony  destruction  Moore's  Law  commoditization  commodity  business  margin  creativity  disrupting  markets  disruption  economics  Developing  Frontier  KakaoTalk  Daum  Venture  Capital  Seoul  Start-Up  Scene  culture  society 
august 2014 by asterisk2a
BBC News - Airbnb's new logo faces social media backlash
Google's old logo (above) had drop shadows, but its new one is flatter - http://www.bbc.co.uk/news/technology-24170053 // Gap clothing company has ditched its new logo after only one week, due to an online backlash. So what are the perils of changing a company emblem? __ Cheapy, tacky, ordinary. __ [ITS NOT WHAT YOU SAY, ITS WHAT YOU DONT SAY. AND WHAT YOU IMPLY AND WANT THEM TO NOT SEE YOU AS] Some of the adjectives used by Gap customers to describe its now-axed logo. - http://www.bbc.co.uk/news/magazine-11517129 // http://www.buzzfeed.com/katienotopoulos/18-things-that-look-like-the-new-airbnb-logo // http://www.subtraction.com/2014/07/16/belo/ << the story of the new airbnb logo // http://blog.airbnb.com/belong-anywhere << they didn't change the product, but wanted the logo to represent the product, identity, sense of the product - communicate via logo & co. pity it got _this_ form, that it now got. [... more bookmarks for topic under airbnb ...]
AirBnB  redesign  logo  web  design  communication  Google  GAP  marketing  language  visual  identity  Product/Market  Fit  customer  corporate  culture  corporate  media  Social  Product 
july 2014 by asterisk2a
Bill Gurley schools NYU professor: Uber will be 25x bigger than you think | PandoDaily
[ + long tail use cases and cases that seem in retrospect obvious but currently are foggy (ie owning a car in the city for ppl a luxury good), car ownership deemed inefficient/waste of money; when car is used only ~5% during the day and there are clearly cheaper and if not even more convenient options of daily transportation on offer. ] Gurley, who is one of the smartest and most articulate figures in all of venture capital (and who just happens to be an early Uber investor and board member) laid out a more than 4,500-word argument for why Damodaran underestimated the Uber opportunity by no less than a factor of 25. The Benchmark Capital partner was diplomatic, apologetic even, but that made his dismantling of the professor’s reasoning no less thorough.
Blue  Ocean  Uber  marketplace  efficiencies  marketplace  inefficiencies  value  creation  added  value  intangible  value  Proposition  Core  Product  Proposition  Lyft  Travis  Kalanick  Bill  Gurley  Venture  Capital  frictionless  friction  convenience  management  Product/Market  Fit  consumer  aspirational  experience  Product  Design  Vision  leadership  transportation  public  transportation  urbanisation  urban  planning  city  living  long-tail  longtail  long-term  thinking  long-term  view  hypothesis  incomplete  information  unknown  unknowns  complexity  unintended  consequences 
july 2014 by asterisk2a
The Story Of Whitney Wolfe Vs. Tinder
Tinder  Whitney  Wolfe  Snapchat  Women  in  Tech  gender-based  harassment  gender-based  discrimination  everyday  sexism  sexism  sexismus  stereotype  gender  bias  bias  prejudice  OkCupid  IAC  Power  Play  gender  politics  gender  policing  brogrammer  Silicon  Valley  Campus  Culture  jock  diversity  gender  discrimination  gender  inequality  gender  equality  gender  norms  gender  role  gender  gap  glass  ceiling  Female  Founders  womens  sport  feminism  feminist  Product/Market  Fit  Value  Proposition  Core  Product  Value  Proposition  ethical  machine  experience  Product  Design  user  experience  shared  experience  customer  experience  experience  instant  gratification  system  Values  Venture  Capital  Misogynie  misogyny  Start-Up  lesson  Start-Up  advice  corporate  society 
july 2014 by asterisk2a
Foundation 25 // Tony Hsieh - YouTube
- it goes downhill when you don't have the confidence, guts, vision, passion, ... to make the hard decisions (willing to have hard conversations); not hiring great talent that do not fit the internal culture, saying no many times (avoiding feature creep, mission creep, walking past the core product value prop - 'does it actually help solve the problem?'). +++ Lessons from Good to Great (Book) - they all had strong cultures. ... it comes from the alignment, all being on the same page, pulling on the same string at the same time. not necessarily what you values are. [...] its hard to fake 4 weeks. [ ... make that 3 months on a contractor basis before hiring full-time and giving stock-options for any other start-up < advisable process. ... ]
Start-Up  lesson  Start-Up  advice  corporate  culture  culture  HR  human  resources  Product/Market  Fit  product  management  Design  consumer  product  Minimal  Viable  product  experience  book  Tony  Hsieh  Zappos  trust  hiring 
july 2014 by asterisk2a
Gillmor Gang: Pass the Buck - Gillmor Gang | TechCrunch TV (July 3rd, 2014)
Facebook feed a/b test - psychology/sociology study. Twitter product vision and leadership ... revenue/user ... history repeats itself; see Yahoo! - Wall Street fetish with GROWTH $$$: 'Either u get more users or more money per users. But we want to see the money!!!' << Unsustainable long-term, no long-term view. +++ where to post your content, types of content - intentions, where is the most and best engagement - ROI. +++ Linkedin's vertical content strategy to remain relevant (in an age where you are a media company and then X) and thus increase engagement and uniques and distribution. << adding value with this type of product - a product/feature adjacent to core product value proposition !!! Adding value to consumer - 99% free [do they have promoted content feature - paid content promotion?]
Facebook  Twitter  Yahoo!  WallStreet  Wall  Street  long-term  thinking  long-term  view  leadership  product  management  consumer  product  multi-product  company  Vision  Officer  product  experience  Design  New  Media  Social  Media  Google+  Google  filter  bubble  linkedin  content  distribution  short-form  content  noise  throwaway  content  digital  content  content  creator  content  curation  micro  content  Niche  vertical  content  lists  core  product  value  proposition  Product/Market  Fit 
july 2014 by asterisk2a
Elon Musk: How I'm Guaranteeing Tesla Model S Car - YouTube
- worth of purchase - a little Poker. Knowing that he got the better hand. a much better hand. he did his math. great move. bold move. vision. inspirational. leadership. ... end of interview 7 minute in talking about Nissan Leaf ... "we will never do a product that we don't 100% believe in." +++ UK Launch - http://youtu.be/K-uLAFb7GOg // talking about California and UK public transportation +++ // Justine Musk abt their pre-nups, mediation, divorce and other private accounts - http://jezebel.com/5637920/the-special-hell-of-being-a-starter-wife - http://www.marieclaire.com/sex-love/relationship-issues/millionaire-starter-wife ". I didn't want to be a sideline player in the multimillion-dollar spectacle of my husband's life. I wanted equality. I wanted partnership. I wanted to love and be loved, the way we had before he made all his millions." + http://jalopnik.com/5877243/elon-musk-unplugs-second-marriage-to-talulah-riley - "I think the foundation of love is virtue,"
Elon  Musk  Tesla  Model  S  Tesla  Motors  brand  brands  branding  Personal  communication  language  public  relations  PR  consumer  product  Consumerism  consumerist  consumer  product  management  Product/Market  Fit  multi-product  company  Wall  Street  Nissan  Leaf  Principle  Vision  leadership  aspirational  product  Design  product  experience  user  experience  customer  experience  experience  frictionless  friction  transportation  public  transportation  trophy  wife  Justine  Musk  partnerships  relationship  relationships  Intimate  relationship  postnup  prenup 
july 2014 by asterisk2a
- Startups - Kevin Rose of Milk - TWiST #218 - YouTube
ideas on paper are nothing. test them out. if it has traction - got to go all in. wear it as badge of honour, if your idea, that you put from paper into the real world, fails. its part of your body of work. it's nothing personal. [...] 1:04 hrs in "it's business, it is nothing personal." ... 1:06:25 - Lesson: If something has critical mass (centrifugal mass, has its own gravitational field ... pull), it can not be stopped even when mistakes are made; Fail Whale (Twitter Technical Fails and management-internal fights etc, Facebook and Privacy, Google and Privacy Yahoo! (mismanagement) and it's unsexy non-hip non-attractive brand, and uninspiring front-page). ... Further in: Focus has to be on product, to reach scale. Product centric CEO's (Larry Page, Dick Costolo, Zuckerberg) don't put a big banner ad on the front-page of their product. it ruins the user experience and adds no value. it subtracts value. where is the value proposition of that? + http://youtu.be/HtRfHASjtcA
Start-Up  lesson  Start-Up  advice  Lean  Start-Up  Yahoo!  Twitter  Facebook  brand  brands  branding  Product  Design  consumer  multi-product  company  Product  Officer  management  Product/Market  Fit  systems  system  webdesign  web  ethical  machine  Marissa  Mayer  experience  user  experience  UI  UX  Value  Proposition  added  digital  natives  native  advertising  advertorial  advertisement  advertising  Digg  Mark  Zuckerberg  Larry  Page  Dick  Costolo  long-term  thinking  long-term  view  short-term  thinking  Wall  Street  WallStreet  add  creation 
july 2014 by asterisk2a
Founder School with McKinsey - YouTube
growth can't be infinite in a finite world population. PERIOD. revenue 2x more worth for that margin - in terms of apples to apples company valuation. long-term thinking applies; we can later improve margins. lets focus on scale. market dominance/relevance. [...] getting over the 1bn figure is hard. Instagram. ... WhatsApp ... FB was overpaying (19bn) in order to have it, be relevant in that space, and not let it have anybody else. PERIOD. Was Strategic as Instragram was for Pictures (vertical). [...] Patent system is, can be, stifling in many ways. Because it serves as distraction from the Vision, the Product and the Execution. The current overall patent environment is prohibitive to innovation.
Start-Up  lesson  Start-Up  advice  business  math  business  management  shareholder  value  stakeholder  value  valuation  scale  scaling  growth  hacker  economics  business  model  revenues  revenue  Silicon  Valley  long-term  thinking  short-term  thinking  customer  acquisition  customer  retention  monetization  monetize  monetisation  business  plan  stifling  execution  Vision  product  management  Product/Market  Fit  Design  multi-product  company  patent  trolls  innovation  stealth  patent  troll 
june 2014 by asterisk2a
Founder School with Di-Ann Eisnor: How to Build a Billion-Dollar Business: Lessons from Waze - YouTube
great people that believe in the vision, less talk about vision - most of ur work week execute to let vision come to fruition. week by week, deal by deal, customer by customer, line of coder after line of code. [...] carmageddon; was luck. if you don't have it, you have to make it, engineer it. ie growth hacking; social sharing of relevant, valuable, contextual content ie via blog or other communication ways ('you are a content company, then/plus X - gary vaynerchuck'). exceptional cases - vial content, thought leaders, advocates - make your users advocates*, high profile people who are passionate about a topic might adopt and put always a good word in for your product ie guy kawasaki for canvas. *letting them take part of the journey in various ways - #engagement, #gamification. Min23 in; local quality curated ads as value added feature for user in line w value proposition. Learning to say no to everything that is not CORE to the VISION, the PRODUCT. + A brand as defensible advantage.
Start-Up  lesson  Start-Up  advice  scale  scaling  execution  content  context  growth  hacker  Gary  Vaynerchuk  gamification  Waze  Di-Ann  Eisnor  leadership  vision  adoption  community  distraction  learning  to  say  no  Value  Proposition  Product  Design  management  Product/Market  Fit  consumer  MVP  Minimal  Viable  Product  frictionless  friction  viral  brand  brands  branding  competitive  advantage  comparative  advantage  comparative-advantage 
june 2014 by asterisk2a
eBay’s Magento to Shut Down Go Small Business Product | Re/code
Two of them targeted mid-size and large brands and retailers, while Go was aimed at small businesses. But according to several sources, Go never gained traction against competitors that included Bigcommerce and Shopify. In March, Magento cut dozens of employees in a move the company said was aimed at realigning the business to “focus more deeply” on its two products aimed at bigger businesses. It wouldn’t say at the time what that meant for its Go offering.
Magento  squarespace  Amazon  ebay  e-commerce  Shopify  SAAS  focused  focus  execution  marketplace  plurality  Value  Proposition  Product/Market  Fit  Start-Up  lesson  Start-Up  advice 
june 2014 by asterisk2a
Google Ventures’ Bill Maris on Venture Capital in Silicon Valley | Re/code
The thing that reminds Maris of future success is 'great persistence' & the 'ability to focus intensely on a problem' ... [...] - Typical venture funds 'put a timeframe on innovation' w/ a time period VCs are expected to invest & return $ back to LPs; Maris says 'we’re not beholden to Silicon Valley economics'
Start-Up  lesson  Start-Up  advice  Product/Market  Fit  focused  focus  execution  Silicon  Valley  Venture  Capital  Google  Ventures 
june 2014 by asterisk2a
At Google, Larry Page Finds His Right-Hand Man - The Information
When Mr. Page tried in vain to convince WhatsApp CEO Jan Koum not to sell the messaging startup to Facebook for $19 billion two months ago, it was Mr. Pichai who accompanied Mr. Page to the high-stakes talks rather than Vic Gundotra, who was in charge of Google’s social products and would have seemed a more fitting choice. [...] // @nest founder & former Apple exec @tfadell now 'owns' @Google's consumer hardware division, acc to @theinformation (via @verge); Google SVP Sundar Pichai reportedly dismantled most of @Android's hardware initiatives to give Fadell 'creative freedom' w/ future products following the acquisition of Nest || Reply :: The Information is 100% wrong! I run Nest as a separate biz w/ its own mgmt & brand. https://twitter.com/tfadell/status/481186335474987008
WhatsApp  Nest  Labs  Google  Larry  Page  Nest  Product  Design  Apple  management  Product/Market  Fit  consumer  Product  Officer  Sundar  Pichai  Vic  Gundotra  Tony  Fadell  Facebook  Google+  Twitter  war  for  talent 
june 2014 by asterisk2a
DLD NYC 14 - Winners/Losers in a Digital Age (Scott Galloway) - YouTube
Apple knows that competition is catching up faster and faster in terms of design and functionality etc etc. They hired 2 fashion people already (burberry and from LVHM). And to differentiate the brand further (price/status symbol - above middle class) and to keep selling it's Apple Products ... including wearables (Watch & Headphone) they hired those key people or b(r)ought them into the mothership. They could have long ago bought personal cloud storage companies and other stuff to add to its portfolio bla bla bla.... but that 'Software', you can't display - show off - walking around downtown manhatten. Wearables, phones, tablets - you can. ... Apple focuses on their core competencies - software like iTunes is only 2nd class, that is why it still doesn't stream. >> “They want Jimmy and they want Dre,” said the source. “He’s got fashion and culture completely locked up.” ( http://techcrunch.com/2014/05/22/apples-beats-deal-is-happening-and-its-a-dre-acquihire/ ) + !!! v=NP0P2BT0vTc !!!
Apple  Pivot  IBM  Microsoft  Transition  Information  Society  Industrial  Society  policy  Information  Makers  skill-biased  technological  change  capital  skills  skill  skills  Career  Politicians  policy  folly  policy  error  public  policy  Product/Market  Fit  Product  Design  management  differentiation  differentiate  brands  branding  Brand  Gary  Vaynerchuk  acqui-hire  acquisitions  acquisition  acquihire  status  symbol  social  status  Wall  Street  Product  Strategy  execution  Focus  focused  Silicon  Valley  Fetish  distraction  Steve  Jobs  margin  commodity  business  commoditization  technology  technological  history  Moore's  Law  competitive  advantage  competitiveness  Competition  comparative  advantage  comparative-advantage  Google  Nexus  HTC  Lenovo  Samsung  Nokia  digitalnatives  digital  economy  Age  digital  natives  stevejobs  Vision  Imagination  creativity  value  creation  Mobile  Creative  Mobile  Creatives  destruction  disposable  income  Start-Up  lesson  Start-Up  advice  entrepreneurial  entrepreneurship  innovation  innovator  Venture 
may 2014 by asterisk2a
Path’s kiss of death compliment: “It’s hugely popular in Indonesia!” | PandoDaily
[+ Raising Too Much Money for a too small product and market!?] It may be the beginning of the end for a company that was once offered $125 million to sell to Google – in a high priced acquihire – less that six months into its existence and before the company even launched. [...] So, what went so wrong? The answer seems to be a combination of poor execution, an excessive focus on design over utility (not to mention differentiation), and a keeping up with the Joneses desire to spend lavishly. [...] The company has always been a reflection of Morin, including his obsessiveness over design and his proclivity for spending. For example, Path reportedly built its team with a designer to developer ratio of 1-to-2, as compared to an industry average that is likely closer to 1-to-20 (or even lower, although precise figures are hard to come by). [[ ~ Spending for the wrong means to an end. ~ ]] [[ ... Inside the bubble that is the Valley and the Fetish ... ]]
Path  Dave  Morin  acquihire  acqui-hire  Start-Up  Start-Ups  Product/Market  Fit  Venture  Capital  Timing  Hype  Cycle  execution  Focus  focused  Lean  Start-Up  Start-Up  advice  Utility  bloat  design  systems  design  system  design  designer  product  design  burn  rate  runway  corporate  culture  Snapchat  Instagram  Silicon  Valley  Fetish  Digg  Kevin  Rose  Dennis  Crowley  foursquare  Consumer  Internet  Space  Start-Up  Lesson 
may 2014 by asterisk2a

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