Version One Ventures

DECEMBER 6, 2018

In other words, you should demonstrate that revenue and/or engagement are repeatable and achievable in a cost-effective manner, and not just a function of pent-up demand from a small segment of underserved customers that will dry up in the near future. . Retention rate: What percentage of users can you retain quarter over quarter?

Acquisition 150

Acquisition Distribution Metrics Retention 150

ConversionXL

SEPTEMBER 13, 2017

Customers often shop around , and they’ll likely know their options as cost is a motivating factor for most software subscribers. Keeping up with the Joneses is essential in a competitive market, be it with cost, enhanced services, or other factors. Net Promoter Score (NPS) is an important metric for many businesses.

Customer 110

Customer Churn Rate Metrics Retention 110

The Startup Magazine

JULY 4, 2017

This is where someone else has done all the hardwork for you in establishing the below criteria from getting software providers, licenses, payment methods etc A white label provides all the stuff you need and will cost between £20k-£100k including the white label’s fee. Some costs involved in setting up an online casino.

Securities and Exchange Commission 60

Securities and Exchange Commission Software Review United Kingdom Affiliate 60

Both Sides of the Table

JUNE 17, 2017

If you hire 6 senior sales reps in January at $120,000 / year salary then you’ve taken on an extra $60,000 per month in costs yet these sales people might not close new business 6 months. If you don’t have a strong balance sheet and can’t hire more people that’s fine — but understand this may lead to slower growth.

Stock Options 227

Stock Options Startup Dilution Venture Capital 227

www.reincubate.com

FEBRUARY 1, 2010

Start-ups often hire at one extreme -- closer to a Lead Developer or VP of Engineering -- whereas corporates may focus on their CIO, which is potentially quite a different role. Contribute to development of primary business plan, with input on focus, costing and approach (platform, build vs. buy, resourcing, hosting strategy, time & cost).

Fractional CTO 40

Fractional CTO CTO Technical Review CTO Hire 40

Tim Keane

MARCH 9, 2011

The overarching idea, of course, is to reduce the cost of capital while maintaining appropriate flexibility for the venture.  2]   Aligning interests in structure: cost and risk. Example one: Sustainable net operating income with some growth in a stable market.  Business success is the ultimate goal.

Finance 83

Finance Bootstrapping Startup Equity 83

ReadWriteStart

AUGUST 26, 2022

Good CEOs will look inside and say: “Hey, maybe we’ve been hiring a little bit too much during the sugar rush phase of the pandemic, and what does that mean for performance management? Can we squeeze out more from folks that we’ve hired, and are there things that maybe we have completely neglected? Have we become soft?

Partner 132

Partner Cofounder Retention Acquisition 132

Duct Tape Marketing

JULY 20, 2023

And I think what a lot of people haven't realized is that with the tech boom that came through all the virtual event production costs for that skyrocketed too. People hire us to do strategy before we'll ever take a look at their website. John Jantsch (15:11): And it's been a terrific retention tool, quite frankly.

Community 62

Community Artificial Inteligence Hosting Technical Review 62

crowdSPRING Blog

FEBRUARY 10, 2013

I have written often about strategies small business can use to operate modestly, spend wisely, and reduce cost by taking a lean approach to operations, marketing, and production. When employees are given health and retirement benefits, they are strengthened by knowing that their have a safety net which provides for them and their families.

Lean 91

Lean Small Business Retention .Net 91

ConversionXL

SEPTEMBER 28, 2017

3) Customer Acquisition Cost. Your budgetary number for how much you spend to acquire a customer is known as the “ customer acquisition cost ” (CAC). The initial cost per customer should be less than the profit made once they’re converted (or be lower than LTV if you know it). Hire a data scientist! Predictive LTV model.

Metrics 121

Metrics Acquisition Conversion Revenue 121

Austin Startup

FEBRUARY 1, 2018

HOW TO GET HIRED AS A PRODUCT MANAGER The question I am constantly asked is, “ How do I get my foot in the door for a product manager job at a tech company? Product management recruiters look for people who have the general product management skills and also unique skills sought by the hiring manager (e.g., SO, YOU’RE HIRED! …

Management 85

Management Product Technical Review Software Review 85

ConversionXL

JULY 21, 2022

How did Outreach grow in just a few years to 50,000 monthly active users , $10 million in new bookings, and net revenue retention (NRR) of more than 140%? Marketing will need to focus on lead generation (new MQLs), and customer success will need to drive retention and feature adoption. Customer acquisition cost (CAC).

Metrics 120

Metrics Acquisition Revenue .Net 120

Reid Hoffman

MARCH 19, 2019

And, as the industrial revolution showed us, there are some real costs to scale. The implication is that blitzscaling ignores things like “business model innovations that were rooted in a future that the competition didn’t yet understand” in favor of “spending to acquire customers below cost.”.

Cofounder 28

Cofounder Business Model IPO Non-Compete 28

ConversionXL

NOVEMBER 17, 2022

The company once had the market’s highest churn rate and lowest Net Promoter Score (NPS). By switching from manual analysis data to predictive analytics, Sprint could quickly analyze user behavior to spot customers at risk of churn and identify retention offers. Cost per click (CPC). Customer acquisition cost (CAC).

Analytics 106

Analytics Metrics Channel Campaign 106

Duct Tape Marketing

OCTOBER 27, 2021

14:21] Can you talk more about the dramatic cost savings in having a better customer experience that you cover in your book? [16:01] People hire my firm to do marketing. Dan Gingiss (13:20): And so we often get stuck on metrics like NPS net promoter score. Nobody gets a quota for creating evangelists that they have to meet.

Customer 100

Customer Technical Review Social Media Green 100

ConversionXL

OCTOBER 30, 2019

What about stages three through seven, which can generally be grouped under the “ retention ” umbrella? We know how important and valuable retention is. We’re all familiar with the classic retention stats: Acquiring new customers is 5–25 times more expensive than retaining existing customers. Speed to first value experience.

Retention 101

Retention Metrics Churn Rate Acquisition 101

Steve Blank

FEBRUARY 26, 2020

Series B is about proving your net revenue model (can you be profitable?). These elements of the business model– revenue (pricing, pricing strategy), distribution channel, How to Get/Keep/Grow customers, Key Activities, Resources and Costs – are other, critical parts your start up needs to understand and have in place.

Cofounder 429

Cofounder Seed Stage Valuation Metrics 429

maplebutter.com

JANUARY 8, 2013

You are here: Home » Hiring » Crazy! Written By Dan Martell on February 2nd, 2012 | Category: Hiring LeanStartup Marketing Metrics Startup Life | 6 Comments. Product/Metrics (70%/30% time) * Get your product activation (sign-up + meaningful action) to 60% * then, Get your product retention to 20% weekly. Persistence.

Technical Review 44

Technical Review Startup Cofounder Software Review 44

Both Sides of the Table

JANUARY 17, 2011

The key is channeling what you learn when you drive onto paper for retention purposes so you have to write it down soon afterward. Why do cable & satellite companies force us to take content “bundles&# that cost more than we want and have content we don’t watch. I have a high fear of failure that acts as my safety net.

Technical Review 356

Technical Review Framework Audience Media 356

A Smart Bear: Startups and Marketing for Geeks

OCTOBER 17, 2011

You sign up customers faster than your ability to hire quality people, so either existing people are stretched thin or you make the more fatal error of lowering standards to fill chairs. for three months, for a retention after three months of (0.85) 3 = 0.61.

Business Model 245

Business Model Metrics Engineer Technical Review 245

ConversionXL

OCTOBER 30, 2019

What about stages three through seven, which can generally be grouped under the “ retention ” umbrella? We know how important and valuable retention is. We’re all familiar with the classic retention stats: Acquiring new customers is 5–25 times more expensive than retaining existing customers. Take HubSpot , for example.

Retention 48

Retention Metrics Churn Rate Acquisition 48

ReadWriteStart

AUGUST 6, 2019

As the business grows, and entrepreneurs feel they have a safety net where there was none before. As those goals evolve, it is also critical to stay focused on the company’s best practices to provide a baseline for ongoing changes that can significantly improve growth, profit margins, and retention rates. But how to stay hungry?

Startup 107

Startup Balance Sheet Retention Employee 107

Hearpreneur

DECEMBER 3, 2021

It could be more revenue, hiring clients or launching a new product or service, where setting goals presents a fresh opportunity to achieve different objectives. I believe we are on the right track for this growth and I'm excited to keep hiring new talent to come join our incredible team! Thanks to Peter Mann, SC Vehicle Hire ! #13-

Entrepreneur 122

Entrepreneur Africa South America Europe 122

ConversionXL

NOVEMBER 13, 2019

Scaling a people-intensive business requires hiring and retaining exceptional talent. Client retention hinges on relationships—and the people who maintain them. I remember it because I made that call from my mobile phone internationally to Spain, and I’m very glad it was successful because it cost a fortune.”

SEO 110

SEO Hiring PPC Leadership 110

blog.expensify.com

APRIL 24, 2012

Update: The end is near, Expensify is hiring a.NET programmer! As you might know, we’re hiring the best programmers in the world. Now let me clarify — NET is a dandy language. ” Don’t get me wrong: NET on your resume isn’t an instant showstopper. Expensify Blog. Sunday edit : Still going!

Java 107

Java PHP Software Review Coder 107

ConversionXL

NOVEMBER 13, 2019

Scaling a people-intensive business requires hiring and retaining exceptional talent. Client retention hinges on relationships—and the people who maintain them. I remember it because I made that call from my mobile phone internationally to Spain, and I’m very glad it was successful because it cost a fortune.”

SEO 49

SEO Hiring PPC Leadership 49

A Crowded Space

APRIL 11, 2016

Sometimes it’s better to take a higher take and gain net revenue faster. For oDesk (Upwork), companies can certainly decide to take the payments offline or hire freelancers full-time. Highest productivity = highest earnings for sellers and lowest cost for buyers. Most are clustered in a range of about 15-30%.

Disintermediation 60

Disintermediation Matching Vertical Reputation 60

Startup Lessons Learned

DECEMBER 16, 2008

I wrote about this challenge for iPhone developers, in an essay on retention competition : the battle over what icon the user will click when they go to the home screen. Our theory is that the key to long-term retention is creating an engagement loop where the reactivation rate exceeds the rate of fatigue. What do they get out of it?

Viral 140

Viral San Francisco Lean Continuous Deployment 140

ConversionXL

JULY 11, 2016

Use free test software to minimize the cost of A/B testing ( A/B Testing with Google Tag Manager ). The most important measure at TransferWise is the net promoter score. Use PPC to promote content cost effectively (choose keywords nobody’s bidding on). Think about cost <> efficiency tradeoffs.

PPC 48

PPC Analytics Video Non-Compete 48

abovethecrowd.com

JUNE 2, 2021

According to an interview with Elon Musk, this campaign cost Paypal about $60 million , which most Silicon Valley historians would consider money well spent. Would that help retention and NPS (Net Promote Score)? It would cost a tremendous amount of money to run such a program. Would they be loyal? Damn straight it would.

IPO 82

IPO Customer Matching Silicon Valley 82

Startup Lessons Learned

MAY 25, 2021

A provider of low-cost health clinics across the country, Carbon Health was also on the frontlines when the COVID pandemic hit--and even understood what was coming long before most people in the U.S. Carbon Health is a provider of low-cost health clinics across the country. They had to decide whether and how to respond.

Silicon Valley 60

Silicon Valley Turkey Los Angeles California 60