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Jas P

Growth hacking: leading indicators of engaged users - 0 views

  • One of the themes that came up a lot was the idea of the growth team finding a leading indicator of a user who would turn into an engaged user later on. The growth team would then focus on optimizing for that metric. 
  • Characteristics of leading indicator metrics The various leading indicators fit into three categories: Network density: friend or following connections made in a time frame Content added: files added to a Dropbox folder Visit frequency: D1 retention
  • Other points from the speakers A few other interesting things were mentioned at the conference. Josh Elman mentioned that Twitter has two degrees of an active user: a plain “active user” is someone who has visited their timeline at least once in the last 28 days a ‘retained’ or ‘core’ user is someone who has visited their timeline at least 7 times in 28 days.
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  • Chamath said that, when he was running the growth team at Facebook, he focused on four things: Acquisition: how to acquire users. Activation: how to get users to their ‘Aha’ moment as quickly as possible Engagement: how to ensure users experience the core product value as often as possible Virality: how to get people to get more people onto the platform
  • He said there had been a tendency in growth teams he was aware of to measure the time to the “Aha” moment in days. His view is that it should be measured in hours, and ideally minutes and seconds. The idea is that a user should get an “Aha” moment as soon as humanly possible after signing up.
Jas P

Why Growth Hackers are Taking Over Startup Marketing | @Technori - 0 views

  • Growth hackers are creative, constantly on the lookout for ways to increase acquisition, adoption, retention, revenue, and referral. They are disciplined, subjecting themselves to an empirical process to determine what works and what doesn’t. They understand that the product itself is the most effective marketing tool. And they are technical enough to leverage existing platforms to reach the billions of users at their fingertips.
Jas P

How We Fight - Cofounders in Love and War « Steve Blank - 0 views

  • often get asked about finding cofounders and I usually give the standard list of characteristics of what I look for in a founder.  And I emphasize the value of a founding team with complementary skills sets – i.e. the hacker/hustler/designer cofounder archetype for web/mobile apps.
  • But Jessica Alter, Cofounder & CEO of FounderDating, pointed out that cofounders did not mean two founders in the same room.  She suggested that I was missing one of the key attributes of what makes successful startup teams powerful. She suggested that how cofounders fight was a key metric in predicting the success of a founding team.  
  • one of the key things to pay attention to in a search for a cofounder is how you fight.
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  • Taking Time How you fight with your potential cofounder(s) matters for a lot of reasons, the simplest of which is that you have time to fight – meaning you’ve worked together long enough to hit disagreements or bumps.
  • But in order to figure out if you can work together you have to (wait for it…) actually work together.
  • That could be starting a side-project, heading over to a Startup Weekend or other hackathon, working full-time for a few months or some combination of those options.  However you do it, you need to build something together.  It doesn’t ultimately matter it if ends up being the right product, you will still have areas you disagree on throughout the process. Ask yourself: Have we had disagreements? If you haven’t, maybe you should consider a longer courtship period.
  • Simulating Real-Life Consider what real startup life is going to be like.  For a long-time (longer than you plan) things are not going to work and you’ll have to figure out what to do – together.  If you do eventually reach a point where the company is making real progress, you’re still going hit crazy challenges on a regular basis that you’ll have to navigate together
  • let’s agree you’re going to fight. That, in and of itself, doesn’t mean anything. In fact, it’s quite healthy. What matters in real life is what are the fights like? Do they escalate rapidly or become knock down, drag outs? Can you recover quickly and keep moving?
  • Entrepreneurship and early stage companies are about moving fast; if you’re caught in a disagreement for days at a time it means decisions are not being made and/or people are walking around feeling resentful.  Either one will eventually lead to failure.  Ask yourself: When we fight do we get over it quickly and respectfully?
  • it matters what the fights are about.
  • A lot of people approach finding cofounders as just a skill set need and believe once that box is checked, everything will be smooth sailing. Complimentary skill sets are important and if you’re fighting about one functional area  (e.g. design, product) it might be a sign you have too much skill set overlap.
  • What’s difficult is making sure you’re aligned on the softer side: Why do you want to build a company? What kind of company you want to build? What are your working styles? What are your values?  What are your other priorities (family, etc.)
  • But you better make sure you’re on the same page as your potential cofounder about those topics. These are the issues that break up relationships, not button colors.
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    I like the importance this post places on finding the right partner, and some uncommon questions that end up unraveling many partnerships that aren't the commonly expected questions.
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