ConversionXL

JUNE 5, 2014

Has your company’s customer retention rate increased, decreased or remained status quo over the past five years? Have you outlined and initiated a formal customer retention strategy? In a study by Harvard Business School , it was found that increasing customer retention by even 5% can increase profits between 25-95%.

Retention 115

Retention Customer Developer Programming 115

ConversionXL

JUNE 5, 2014

Has your company’s customer retention rate increased, decreased or remained status quo over the past five years? Have you outlined and initiated a formal customer retention strategy? In a study by Harvard Business School , it was found that increasing customer retention by even 5% can increase profits between 25-95%.

Retention 105

Retention Customer Developer Programming 105

ConversionXL

JUNE 5, 2014

Has your company’s customer retention rate increased, decreased or remained status quo over the past five years? Have you outlined and initiated a formal customer retention strategy? In a study by Harvard Business School , it was found that increasing customer retention by even 5% can increase profits between 25-95%.

Retention 98

Retention Customer Developer Programming 98

YoungUpstarts

OCTOBER 5, 2017

There’s a lot you can say about the cohort born between 1982 and 2000. Millennials are cost conscious. Yet, with higher living costs and relatively lower salaries and benefits than the boomer generation, Millennials are buying products. Instead, offer customers genuine content that adds value to your products.

Marketing 150

Marketing eCommerce Technical Review Social Media 150

Steve Blank

MAY 21, 2020

Meanwhile, economists view 15% unemployment as an unacceptable and unsustainable cost of protecting everyone and want the economy to rapidly reopen, accepting that some additional deaths are inevitable. Remove all business restrictions for workers and customers under a certain age. wanted everyone to shelter.

South Korea 436

South Korea Italy Spain China 436

Startup Professionals Musings

JUNE 3, 2023

A few are still trying to make a profitable business out of nurturing startups, but it’s a challenge to make money when your customer startups don’t have many resources to give. Assuming 60 companies are accepted in a specific batch, that would mean around 2000 companies applied. That’s about the same ratio that angel investors claim.

Incubator 231

Incubator Silicon Valley North America Small Business Administration 231

YoungUpstarts

DECEMBER 5, 2013

I have been involved in many of these innovations, mainly through my last startup venture, a company that became the world’s leading provider of credit card loyalty solutions with bank customers in 30 countries. What was still missing was a simple way to identify a customer at the point of sale. A new paradigm.

Programming 150

Programming Turkey Social Media Redemption 150

ConversionXL

MARCH 19, 2020

Yet in expansionary periods, successful leaders spent significantly less on [selling, general, and administrative costs] than did their former peers. A focus on cost cutting—every decision is viewed through a loss-minimization lens. They do more of the same with less, often lowering quality and customer satisfaction. Promotion.

Marketing 121

Marketing Campaign Non-Compete Lean 121

A Smart Bear: Startups and Marketing for Geeks

FEBRUARY 15, 2010

Many of my mistakes can be traced back to a failure to recognize and appreciate "sunk cost.". The term comes from economics: "Sunk Cost" is money you've already spent and cannot get back no matter what. Of course we carbon-based life forms can rarely be described as "rational," especially when it comes to ignoring sunk costs.

Cost 273

Cost Reputation Agile Sales 273

Startup Professionals Musings

SEPTEMBER 11, 2020

A few are still trying to make a profitable business out of nurturing startups, but it’s a challenge to make money when your customer startups don’t have many resources to give. Assuming 60 companies are accepted in a specific batch, that would mean around 2000 companies applied. That’s about the same ratio that angel investors claim.

Incubator 398

Incubator Silicon Valley North America Startup 398

Steve Blank

MAY 6, 2015

Build a product, get it into the real world, measure customers’ reactions and behaviors, learn from this, and use what you’ve learned to build something better. Repeat, learning whether to iterate, pivot or restart until you have something that customers love. Build, Measure, Learn sounds pretty simple. Waterfall Development.

Lean 120

Lean Agile Business Model Customer Development 120

YoungUpstarts

DECEMBER 26, 2013

Make extra cash to help with those expensive holiday costs and maybe even help you put some money back in your wallet so you don’t start the New Year off broke! Lyft requires you to be at least 23 years old and have your own four-door car (2000 or newer) in good working condition.

Securities and Exchange Commission 263

Securities and Exchange Commission San Francisco Miami United Kingdom 263

ReadWriteStart

APRIL 26, 2011

MicroVentures isn't disclosing a lot of details about the first three deals that it's funded, but it says that these ranged from $2000 to $25,000 increments, with the average investment roughly $5000. It also allows them to invest smaller amounts. MicroVentures says it makes the process of fundraising easier for entrepreneurs too. Discuss.

Software Review 122

Software Review Accredited Investor Due Diligence Burn Rate 122

The Startup Magazine

JULY 4, 2017

Determined to give their customers the best software solutions, they have support structures that give the best experience to entrepreneurs. Some might feel that they will reduce the cost by developing their own site. As a business person, one must understand the existing customers and their differences.

Securities and Exchange Commission 60

Securities and Exchange Commission Software Review United Kingdom Affiliate 60

Steve Blank

APRIL 15, 2011

Last week the teams were testing their hypotheses about their Customers (who are the users, payers, buyers, etc.) This week they were testing one of the most confusing sections of a company’s business model – Customer Relationships - the activities used to “Get, Keep and Grow” customers in a physical or virtual (web or mobile) channel.

Customer 247

Customer Cloud EC2 Channel 247

View from Seed

FEBRUARY 14, 2019

What I experienced in Afghanistan really stayed with me, and one of the things that I noted was that meat prices have been steadily climbing since about 2000. What would you say is the biggest “cost” in our current situation? The cost doesn’t have to be monetary. The second is cost.

United States 120

United States San Francisco Afghanistan Seattle 120

Both Sides of the Table

APRIL 15, 2010

So when Google started pushing AdSense (ads for affiliate or 3rd party sites) they had a HUGE cost advantage. it seems that Twitter should have the same Google-like cost advantage. I don’t believe that search is the only answer in 2010 as it was in 2000. Google had huge destination traffic. Enter TweetUp.

Venture Capital 271

Venture Capital Affiliate Valuation San Francisco 271

ConversionXL

FEBRUARY 27, 2019

“The idea is that when you work backwards and start with the press release, it’s easier to put yourself in the customer’s shoes.”. Internal press releases are centered around the customer problem, how current solutions (internal or external) fail, and how the new product will blow away existing solutions. Image source ).

Product 110

Product Campaign Acquisition Social Media 110

crowdSPRING Blog

MAY 16, 2014

Small Business and Startup Tips: Enjoying Your Customers For Profit and Fun – crowdspring.co/1jy0bxm. Small Business and Startup Tips: Enjoying Your Customers For Profit and Fun – crowdspring.co/1jy0bxm. 53 Freelancing Mistakes That Are Costing You Clients, Cash, and Credibility | Copyblogger – crowdspring.co/1uUYaQt.

Social Media 92

Social Media Small Business Design Media 92

SoCal CTO

MARCH 5, 2007

Common revenue streams are consulting, training, support, customization, upgraded versions for corporate applications, etc. Technology Advisor Technology Roles in Startups Pricing Customer Acquisition Sunk Costs and More -. I understand his frustration. ► February (2) CTO Founders / Cofounders Part-Time Startup CTO?

Open Source 150

Open Source Business Model Technical Cofounder Southern California 150

Steve Blank

MARCH 31, 2014

I’m honored to be at a university noted for knowledge, and in a city with 2000 years of history – home of Gaudí one of the 20 th century’s greatest innovators. For example they can reduce component cost, introduce a line extension or create new versions of the existing product. Thank you for the kind introduction.

Private Equity 325

Private Equity Metrics China Intellectual Property 325

YoungUpstarts

DECEMBER 19, 2020

The finished artwork is then sent back to the customers within a month or so of the order placed. Definitely, the cost price comes to one’s mind. It starts from $199 and can range up to $2000 as per your demands. Get the features of Fingerprint and kissing portraits. But believe me, it is much affordable in terms of price.

India 246

India Cofounder California New York 246

YoungUpstarts

FEBRUARY 9, 2020

So, for example, if there were 2000 impressions on your advert and 25 clicks this would work out as a 1.25% click-through rate. To track the success of your campaign, you will have a conversion KPI which tracks whether or not the customer interaction you achieved resulted in the desired outcome. Conversions. . Summing up.

Campaign 179

Campaign Advertising Media Metrics 179

Women Entrepreneurs Can

OCTOBER 16, 2019

Chatbots are slowly becoming more and more popular, and they even learn from your customer’s responses. Imagine printing off 2000 documents, only to find they needed repeating due to a quality failure. The costs connected to this could be exponential. For example, having suitable Document Imaging hardware is essential.

Product 40

Product Artificial Inteligence Technical Review Employee 40

Startup Lessons Learned

FEBRUARY 5, 2013

RFP-EZ and Innovative Contracting Tools Making it easier for the government to do business with small, high-growth tech companies, and enabling the government to buy better, lower-cost tech solutions from the full range of American businesses. design, build, operate/use, maintain, and service). The MyData Initiative at the U.S.

Fractional CTO 158

Fractional CTO Government Technical Review Analytics 158

YoungUpstarts

SEPTEMBER 23, 2017

More than 2000 years after the first coin was minted in ancient Asia Minor, the world of dollar bills, central banks and the traditional banking system is being disrupted by cryptocurrencies – and there’s way more to this new world than just Bitcoin.

Asia 189

Asia Global Community Naming 189

Startup Professionals Musings

NOVEMBER 4, 2018

A few are still trying to make a profitable business out of nurturing startups, but it’s a challenge to make money when your customer startups don’t have many resources to give. Assuming 60 companies are accepted in a specific batch, that would mean around 2000 companies applied. That’s about the same ratio that angel investors claim.

Incubator 218

Incubator Silicon Valley North America Small Business Administration 218

Ben's Blog

JUNE 18, 2011

In the last bubble, the S&P hit 44x in January 2000. Firstly, the cost of running an internet application has fallen 100-fold. In 2000, I was CEO of the first cloud computing company, Loudcloud, where the price for a customer running a redundant version of a basic internet application was approximately $150,000 per month.

Technical Review 76

Technical Review Software Review Valuation Internet 76

Both Sides of the Table

JULY 29, 2010

The A round was done in February 2000 (end of the bull market) and my B round was done in April 2001 (bear market). People buy companies for 3 primary reasons: 1) they want the management team / talent 2) they want the technology or 3) they want the market traction (revenue, customer base, profits, etc). Do it early.

Venture Capital 282

Venture Capital Term Sheet Valuation Stock Options 282

Both Sides of the Table

SEPTEMBER 29, 2009

Just ask anybody who was trying to close funding the fateful week of September 11, 2001 or even March 2000. While the company continues to perform well it has come at a cost. But they were the lucky company because there was an investor that believed in the high-growth scenario and was willing to continue funding at any cost.

Burn Rate 263

Burn Rate Valuation Pre-Money Valuation Private Equity 263

Both Sides of the Table

JUNE 22, 2011

I know that most people who are close to them tend to deny their existence, as we saw in the great housing bubble of 2002-2007 and the dot com bubble of 1997-2000. When your competition does irrational things to grow fueled by low-cost capital it makes it harder for you to compete by playing by the conventional rules.

Saudi Arabia 309

Saudi Arabia Valuation IPO Technical Review 309

Austin Startup

AUGUST 20, 2017

Your original business plan will probably go out the window when you land your first customer. Customers are choices made by your startup. Customers pay you money so you can keep the lights on. Your business works as intended if you can attract customers that fit into the context of your operation.

Technical Review 48

Technical Review Software Review Cap Table Securities and Exchange Commission 48

Steve Blank

SEPTEMBER 10, 2009

In future posts I’ll describe how Eric Ries and the Lean Startup concept provided the equivalent model for product development activities inside the building and neatly integrates customer and agile development. This was possible because in 2000, Donna and Handspring were in an Existing Market.

Customer Development 196

Customer Development Developer Customer Silicon Valley 196

Both Sides of the Table

OCTOBER 19, 2009

I had previously raised VC in 1999, 2000, 2001 and 2005. It included one firm who I asked not to call Salesforce.com as a reference (they were our largest pilot customer) and in their kindness they called Marc Benioff (the CEO) and asked his opinion. I thought, what would I do if I was trying to sell to a customer.

Venture Capital 274

Venture Capital Term Sheet San Diego Viral 274

VC Cafe

SEPTEMBER 8, 2023

There’s a question on whether all this GPU hogging, and building capacity is not just a bubble waiting to pop, similar to the Telecom crash in the early 2000’s. As a data point, 60% of the 212 startups in the Summer 2023 Ycombinator batch that has just graduated identified themselves as AI startups.

Generative AI 78

Generative AI ChatGPT Artificial Inteligence Cofounder 78

YoungUpstarts

JUNE 17, 2019

Attracting new customers to grow any online business can be tough. Buzzfeed sees their quizzes shared an average of nearly 2000 times each, helping them to reach more than 580 million people in 2017. This is certainly true in using online quizzes to attract and retain customer eyeballs in these competitive times of online marketing.

Marketing 147

Marketing Startup Burn Rate Advertising 147

Steve Blank

MARCH 18, 2011

Dot.com Bubble ( 1995-2000): “ Anything goes” as public markets clamor for ideas, vague promises of future growth, and IPOs happen absent regard for history or profitability. They taught you about customers, markets and profits. Startups needed millions of dollars of funding just to get their first product out the door to customers.

Internet 334

Internet IPO Silicon Valley Agile 334