Startup Lessons Learned

SEPTEMBER 22, 2008

Master of 500 Hats: Startup Metrics for Pirates (SeedCamp 2008, London) This presentation should be required reading for anyone creating a startup with an online service component. He also has a discussion of how your choice of business model determines which of these metric areas you want to focus on. Choose one. Expo SF (May.

San Francisco 167

San Francisco CPA SEM CTO Hire 167

ConversionXL

JULY 3, 2020

You also need metrics on cart abandonment and purchase rates of those who saw your test idea and those who didn’t. Now, we’re wrapping up a data lake that stores data across all customer touchpoints on most channels, from acquisition to re-engagement. Someone will need to track additional metrics. Dependencies.

Technical Review 107

Technical Review Software Review API Analytics 107

YoungUpstarts

SEPTEMBER 11, 2013

It’s also a time when you are most agile to work on ideas and implement strategies without the crippling setbacks caused by decision hierarchy and process. Others data Extraprise metrics' The early startup phase of your business is a very exciting time because there is an immense amount of opportunity and success to be had.

Metrics 133

Metrics B2C B2B Channel 133

Steve Blank

MARCH 4, 2014

These groups are adapting or adopting the practices of startups and accelerators – disruption and innovation rather than direct competition, customer development versus more product features, agility and speed versus lowest cost. They measure their success on metrics that reflect success in execution, and they reward execution.

IRR 335

IRR Startup Business Model Agile 335

YoungUpstarts

SEPTEMBER 11, 2013

It’s also a time when you are most agile to work on ideas and implement strategies without the crippling setbacks caused by decision hierarchy and process. Others data Extraprise metrics' The early startup phase of your business is a very exciting time because there is an immense amount of opportunity and success to be had.

Metrics 100

Metrics B2C B2B Channel 100

Steve Blank

JUNE 23, 2016

As a consequence, corporations used metrics like return on net assets (RONA), return on capital deployed, and internal rate of return (IRR) to measure efficiency. These metrics make it difficult for a company that wants to invest in long-term innovation. Its acquisition of Android may have been the biggest bargain in corporate history.

Architecture 227

Architecture IRR Balance Sheet Liquidity Event 227

Steve Blank

NOVEMBER 10, 2016

To achieve this mission, we established a framework that leveraged Marine Corps tenacity, agility, and adaptability to create a persistent culture of innovation. Real problems—when defined properly—have metrics that quantify the scope, magnitude, and impact. Always Be Measuring. To think differently…be different.

Framework 322

Framework Lean Metrics Government 322

Steve Blank

NOVEMBER 10, 2016

To achieve this mission, we established a framework that leveraged Marine Corps tenacity, agility, and adaptability to create a persistent culture of innovation. Real problems—when defined properly—have metrics that quantify the scope, magnitude, and impact. Always Be Measuring. To think differently…be different.

Framework 322

Framework Lean Metrics Government 322

Startup Lessons Learned

AUGUST 2, 2008

Its the same with acquisitions. Kent Beck keynote, "To Agility, and Beyond" Six streaming locations Interviews ► March (7) New conference website, speakers, agenda Two new scholarship programs for lean startups Speed up or slow down? The key to closing deals is never to stop pursuing alternatives. Expo SF (May.

San Francisco 125

San Francisco Software Review Technical Review Continuous Deployment 125

ConversionXL

JANUARY 18, 2022

Marketers must adjust their expectations and metrics with expanded brand tracking. In partnership with the Wall Street Journal, ServiceNow released a series of branded content that covers topics like low-code IT solutions, workflows, and the habits of agile companies.

Marketing 128

Marketing Campaign Software Review Tulsa 128

Agile VC

JUNE 5, 2011

3) Groupon’s Business is Like An ATM: Groupon is currently unprofitable on a GAAP basis thanks to acquisition related expenses in 2010 as well as ongoing marketing spend to acquire customers. Groupon’s 2010 net loss includes $203M expenses related to acquisitions of several deal businesses. . Author howerl.

North America 100

North America Chicago Boston Silicon Valley 100

Startup Lessons Learned

APRIL 14, 2009

Every board meeting, the metrics of success change. Go on an agile diet quickly. With a product development team that is not shipping, any agile methodology will surface major problems quickly. Time-to-complete-a-sale is not a bad metric for validated learning at this stage. And yet, their investors are frustrated.

Customer 167

Customer San Francisco Lean Hockey Stick 167

Steve Blank

MARCH 11, 2015

And worse, even if someone does manage to start something new, our management structure has so many financial, legal and HR hurdles that every initiative needs to match our existing business financial metrics, processes and procedures. More agile competitors are starting to eat into our business. What Drives Innovation?

Widget 120

Widget Lean Business Model Metrics 120

ConversionXL

NOVEMBER 10, 2020

Metrics for this depth are rare and only long-term. We might have medium-term goals like “adopting agile methodologies” or “getting everyone on the same page with a project kick-off” as the outcomes for the reader. The metrics for this level are more concrete and objective.

Agile 139

Agile Social Media Audience Software Review 139

Steve Blank

DECEMBER 7, 2010

There are few courses which teach aspiring entrepreneurs the skills (business models, customer and agile development, design thinking, etc.) We’ll build the class around the business model / customer development / agile development solution stack. What are your hypotheses around customer acquisition costs?

Wiki 311

Wiki Lean Management Business Model 311

Startup Lessons Learned

SEPTEMBER 2, 2008

In a subscription business, maybe your attrition starts matching your acquisition, balancing like magic. Or your cost of customer acquisition just magically floats up to match your customer lifetime value. Nothing seems to matter. In an eyeballs business, you just cant seem to acquire or activate that next step-up of customers.

San Francisco 60

San Francisco Continuous Deployment Lean DC 60

Agile VC

MAY 26, 2011

Online social networking is a concept still being evangelized even in Silicon Valley… Friendster is in private beta (wasn’t until Oct 2003 they received Google acquisition offer which they turned down for Kleiner/Benchmark round). link] leehower. We’ve been lucky.

Term Sheet 178

Term Sheet Silicon Valley Technical Review Social Network 178

SoCal CTO

FEBRUARY 13, 2013

Once you build it, they will now ask you about the key metrics that they need proven in order to see if you really are a good investment. The real reason to build an MVP is to do early tests of key Startup Metrics for the business. " Once you have the metrics defined, it focuses your effort. To prove/disprove a hypothesis.

Technical Cofounder 338

Technical Cofounder Technical Review CTO Hire Fractional CTO 338

Steve Blank

FEBRUARY 23, 2016

In other words, how can we adapt the Business Model Canvas when the metrics of success for an organization is not revenue? In the defense and intelligence community the metrics of success are not revenue but mission achievement. Alexander Osterwalder and I think we have the answer – the new Mission Model Canvas. —-.

Business Model 120

Business Model Revenue Channel Community 120

Agile VC

FEBRUARY 20, 2014

With that said, Facebook’s acquisition price is <10x the conceivable revenue for WhatsApp. Viewed through this lens, Facebook’s acquisition price of $19 billion is something like 8x conceivable revenue. This works out to $5.25 in annual mobile ad revenue per MAU. billion in annualized revenue. billion for it.

Valuation 159

Valuation Acquisition Mobile Revenue 159

Steve Blank

MARCH 11, 2010

Metrics That Matter (Business Model Metrics). Did they describe demand creation and assign acquisition costs? Agility and resiliency are not tested inside the building. Customer Discovery. First Team Presentation – What’s the Idea and How Large is the Opportunity. Regulation and Intellectual Property.

Intellectual Property 226

Intellectual Property Business Model Customer Development Distribution 226

Startup Lessons Learned

MARCH 24, 2009

Lessons Learned by Eric Ries Tuesday, March 24, 2009 The metrics and levers of engagement, presentation on Engagement Loops for Facebook Developer Garage SF Ill be presenting a talk at the Facebook Developer Garage SF Wednesday evening. Unfortunately, its easy to lose track of positioning effects when optimizing for a single metric.

Metrics 88

Metrics San Francisco Lean Viral 88

Agile VC

FEBRUARY 20, 2014

With that said, Facebook’s acquisition price is <10x the conceivable revenue for WhatsApp. Viewed through this lens, Facebook’s acquisition price of $19 billion is something like 8x conceivable revenue. This works out to $5.25 in annual mobile ad revenue per MAU. billion in annualized revenue. billion for it.

Valuation 127

Valuation Acquisition Mobile Revenue 127

ConversionXL

JANUARY 14, 2020

Crawl your site on a staging environment with freshly deployed features and compare metrics like crawl depth and internal links to similar pages on the live version of your site. In addition to monitoring rankings for targeted query patterns, look at user satisfaction metrics , which depend on the original intent of the query.

SEO 159

SEO Framework SCRUM Search 159

andrewchenblog.com

MARCH 10, 2010

In some cases, this kind of debt can be incurred unknowingly, for example, your company might acquire a company that has accumulated significant technical debt that you don’t identify until after the acquisition. We’ll call this general category of debt Type I. Ideas for when and how to pay down product design debt?

Technical Review 47

Technical Review Design Las Vegas Product 47

Ben's Blog

MAY 15, 2020

What are those metrics? Andrew : If you are a travel company right now, I think you’re seeing very specific metrics dropping. As a result of that, all of those metrics go up. You’re seeing across-the-board higher conversion rates, more time in the apps, and as a result, more acquisition. Andrew : Right.

Founder 36

Founder Conversion Technical Review Cash Position 36

ConversionXL

JANUARY 24, 2017

Everyone has railed against these practices ( including us , many times), but it still seems that much of the industry is focused on short term metrics and surface level changes. With agile development cycles and uncertain monetization models, they live and die by data and experimentation. Image Source.

Conversion 48

Conversion Technical Review Artificial Inteligence Analytics 48

www.ere.net

JULY 15, 2012

Common reason for failure: no metric or feedback mechanism to measure the percentage of applications that were routed to the wrong job. Common reason for failure: the absence of a metric or feedback mechanism to measure the percentage of applications that were misclassified or that advanced without meeting minimum standards.

Hiring 57

Hiring Metrics Search Widget 57

ConversionXL

NOVEMBER 17, 2022

Prescriptive analytics The digital analytics metrics you need to know How to use analytics to improve marketing campaigns Define your mission, goals, and KPIs Set key performance indicators (KPIs) to measure marketing performance What to look for in a digital analytics product 9 tools for your digital analytics stack 1. Conversion rate.

Analytics 106

Analytics Metrics Channel Campaign 106

ConversionXL

APRIL 3, 2018

Corporate Agility. Transparency correlates to agility (Does your CEO know how many tests you ran last month?). Work hard to define meaningful product metrics – enabler of team success. Optimize for retention, not just acquisition. To understand acquisition you must understand lifetime value. Have a vision. .

Retention 106

Retention Artificial Inteligence Channel Email 106

Up and Running

OCTOBER 1, 2014

Statdragon is a Saas platform that allows businesses to access and analyze metrics about their existing videos and optimize their video marketing strategy. If not, be agile enough to change direction and re-focus,” Nelson advises. Their latest product, Statdragon, launched just last week. You can check out further details here.

Bootstrapping 107

Bootstrapping Cofounder Portland Burn Rate 107

Startup Lessons Learned

JUNE 21, 2010

To see proof of this, simply observe the results of the large majorities of corporate acquisitions of startups. Fundamentally, the lean startup is a methodology for coping with uncertainty and unknowns with agility, poise, and ruthless efficiency. A startup is greater than the sum of its parts; it is an acutely human enterprise.

San Francisco 168

San Francisco Startup Lean Continuous Deployment 168

Startup Lessons Learned

OCTOBER 7, 2008

The App Store is a channel for customer acquisition. I think its helpful to think about two kinds of competition for distribution: acquisition competition and retention competition. If your app has incredibly strong retention, you will probably do very well with the current PR/new app system of acquisition. So what can you do?

San Francisco 68

San Francisco Lean Retention SEM 68

Steve Blank

OCTOBER 24, 2017

While 20th century metrics were revenue and profit, today it’s common for companies to get acquired for their user base. Facebook’s ~$20 billion acquisition of WhatsApp, a 5-year-old startup that had $10 million in revenue, made no sense until you realized that Facebook was paying to acquire 300 million new users.).

Founder 245

Founder Technical Review CTO Hire IPO 245

Up and Running

MARCH 14, 2017

Social channels are as agile as they are flaky—one wrong word can make all the difference between massive participation rates (which can also lead to comments and shares), and being ignored. Do not chase vanity metrics and warm fuzzy feelings when setting out on your quest for ultimate validation. Create validation you can depend on.

Business Plan 94

Business Plan PPC Lean Campaign 94

Occam's Razor

JULY 22, 2013

Then there is Agile for engineering. My solution to these problems was to create a simple framework we can use to put our customers first, evaluate our marketing programs, and right-align our view of success (metrics). I believe it has to do with choosing the wrong success metrics. And really the list is too long.

Framework 163

Framework Marketing Metrics Audience 163

ConversionXL

JUNE 21, 2015

The more agile you are, the bigger effect your optimization will have. Cost of customer acquisition = cost of visitor acquisition * conversion rate, if it is profitable: Increase the volume for the same traffic. Agile means you need to move and respond fast, continuously incorporate customer inputs. Data is not easy.

Email 48

Email SEO Campaign Agile 48