Hearpreneur

OCTOBER 25, 2023

The expansion of e-commerce should also bring about seeing returns as a strategic lever, similar to how companies used faster delivery to drive customer experience and revenue. Think of it from the customer's perspective – Why should this customer shop from your store instead of the other stores selling this product?

eCommerce 134

eCommerce Omaha Entrepreneur SEO 134

David Teten

DECEMBER 16, 2015

I review a lot of board decks with a beautifully hand-crafted page with metrics for the company. Good metrics are comparable across industries; comparative ; readily understandable; and help drive decisions. Comparative means that you can compare a metric across time periods, groups of users, or competitors. Users/Customers.

Metrics 60

Metrics Analytics Balance Sheet .Net 60

SoCal CTO

MAY 21, 2012

Many of the factors are not obvious and include building mystery to drive margin, why boring B2B companies often win but are challenging in other ways, how bootstrapping wins, integrating metrics from the start and many other similar lessons. What parts Agile addresses and the big problems with Agile for early-stage startups?

Fractional CTO 175

Fractional CTO CTO Hire Startup Social Network 175

ConversionXL

JANUARY 28, 2021

We won’t proclaim one is the ‘best’ customer data platform (CDP) for which every business, including yours, should use. Instead, we’ll be covering the core use cases that customer data platforms address and explore whether Segment or Mparticle ultimately deserves a spot in your tech stack. The Rise of CDPs.

Technical Review 86

Technical Review Software Review Analytics Technical Cofounder 86

Startup Professionals Musings

NOVEMBER 4, 2015

For early-stage startups, the goodwill component can easily exceed the size of all the financial elements together, or can just as easily mark a company with good financials as not investable. Research has confirmed that culture is a primary driver for financial performance, customer experience, and team productivity.

Leadership 120

Leadership Technical Review Due Diligence Valuation 120

Occam's Razor

APRIL 8, 2013

To win in business you need to follow this process: Metrics > Hypothesis > Experiment > Act. We are far too enamored with data collection and reporting the standard metrics we love because others love them because someone else said they were nice so many years ago. This should not be news to you. Online, offline or nonline.

Metrics 156

Metrics Analytics Lean Churn Rate 156

Startup Professionals Musings

AUGUST 25, 2023

These are necessary to attract customers, investors, and give you a line of defense with competitors. Test your plan to get feedback from real customers. Use social media or reward target customers to volunteer for a feedback session. Define key metrics to measure progress and success.

Intellectual Property 245

Intellectual Property Social Media Angel Investor Metrics 245

David Teten

SEPTEMBER 23, 2017

However, about 5% of the VCs in our database, mostly younger ones, are trying to build a competitive advantage by crawling large amounts of publicly available data and building analytical functions to flag companies with accelerating traction to them. ” Historically, investing was a manual, artisan process. Two Sigma Ventures.

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

The Next Web

DECEMBER 4, 2013

Strategy Adopted: Leveraging Social Media Analytics. Metrics on keywords, follower profiles and competitors all help define your target listener. Locate your core customers, and prioritize your efforts to reach them where they are. Identify the audience. Startup Example: Zappos. Competitor analysis. Startup Example: Upworthy.

Social Media 158

Social Media Media Viral Startup 158

David Teten

APRIL 1, 2021

Dan Kozikowski, Partner and Head of Platform, First Mark Capital , said to me, “Firms should match services to the stage-specific needs of companies. For example, recruiting writ large is useful at all stages of development. But things like vendor introductions are only needle-movers at the earliest stages.

Private Equity 78

Private Equity Venture Capital Portfolio Equity 78

Startup Lessons Learned

OCTOBER 23, 2013

Analytics spark more questions and discussion than almost any other aspect of the Lean Startup method. If you’re coming to them from outside the tech sector, the language around analytics can be particularly confusing. For those new to analytics, Alistair and Ben have a free Udemy course well worth checking out.

Analytics 167

Analytics Lean Widget Metrics 167

Steve Blank

MARCH 3, 2015

Over my career as a serial entrepreneur I observed that since the late 1990s, no early-stage Silicon Valley investor had used business plans to screen investments. Traction and evidence from customers were what investors were looking for – even in “slow” sectors like healthcare and energy. And there it was. Berkeley-wide.

Business Plan 120

Business Plan Silicon Valley Saudi Arabia Lean 120

Occam's Razor

MAY 2, 2017

There is no golden metric for everyone, we are all unique snowflakes! :). and tell you what are the best key performance indicators (metrics) for them. In the past I’ve shared a cluster of metrics that small, medium and large businesses can use as a springboard…. If you want to play along. Don’t read what I’ve chosen.

Metrics 141

Metrics Acquisition eCommerce Analytics 141

ConversionXL

APRIL 10, 2019

If you’re not tracking form analytics, you don’t know. Form analytics can illuminate potential issues. Form analytics provide quantitative data on metrics such as field timings, field re-entries, last field before abandonment, completion rates by segment, etc. Form analytics and conversion optimization.

Analytics 130

Analytics Metrics United Kingdom Software 130

David Teten

DECEMBER 3, 2019

In liquid markets, most of the calories expended on technology and analytics are focused on trade selection, or “ origination ”. I walk through below how progressive investors are using technology and analytics throughout all of their operations. The 11 Steps of Investing in Private Companies. 1) Manage the firm . 3) Raise capital.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

David Teten

AUGUST 19, 2019

Though RBI will displace some traditional equity VC, its much bigger impact will be to expand the pool of capital available for early-stage entrepreneurs. . However, only recently have early-stage companies started to use this model at any scale. . So what is Revenue Based Investing?

Revenue 60

Revenue Term Sheet Founder Technical Review 60

ConversionXL

AUGUST 13, 2019

SaaS sales and marketing teams can get overwhelmed by metrics. But without any metrics, it’s impossible to track growth. And while that figure is promising, early-stage SaaS companies need a ton of growth to survive. According to Gartner , three metrics form the foundation for those growth levers: (Image source).

Metrics 117

Metrics SQL Retention Churn Rate 117

ConversionXL

MAY 27, 2022

Marketers raise brand awareness to capture leads that are handed to sales teams to convert into customers. Only around 10–15% of B2B leads turn into paying customers, and it’s because tactics optimizing for the early stages of the funnel only cater to early-stage goals. What do you do? How do you do it?

Demand 95

Demand Management B2B Campaign 95

Reid Hoffman

MARCH 23, 2021

The metrics from the dashboard are the key inputs for collective decisions. You can always instrument your business and gather metrics, but that doesn’t mean the data you gather will be useful. For example, if you haven’t achieved product-market fit, instrumenting every aspect of customer acquisition is overkill.

Venture Capital 46

Venture Capital Metrics Investment Bankers Framework 46

Up and Running

FEBRUARY 18, 2021

But being able to monetize customers and acquire those customers at a low enough cost is quite another. Especially in the early stages of growth, standing up to competition means that your business also needs to minimize the cost of acquiring new customers. It’s not enough that your business has product/market fit.

Acquisition 127

Acquisition Cost Affiliate Customer 127

Up and Running

FEBRUARY 19, 2015

What is customer segmentation? Customer segmentation allows businesses to target specific groups of people so that they can reduce risks and sensibly allocate their marketing resources. It is a grouping together of your customers based on demographics, behavior, and so on. Google Analytics Demographics. Interests.

Customer 60

Customer Analytics Search API 60

Steve Blank

NOVEMBER 5, 2009

Unfortunately in early stage startups the drive for financing hijacks the corporate DNA and becomes the raison d’etre of the company. Chasing funding versus chasing customers and a repeatable and scalable business model, is one reason startups fail. What are Early Stage VC’s Really Asking? How many are there?

Customer Development 264

Customer Development Developer Customer Silicon Valley 264

The Equity Kicker

MARCH 11, 2015

At the early stages most companies haven’t yet got good enough analytics to easily see what different groups of users are doing there’s a strong temptation to focus on growth on the basis that so long as growth keeps coming everything will be ok. The reason, I think, is because it’s a tough thing to do.

Product 60

Product Early Stage Analytics Metrics 60

dontbesoanalytical.blogspot.com

MAY 13, 2012

Dont Be So Analytical!!! Inside the development organization, this Director attends to staffing, training, workload and productivity metrics, budget, and scheduling. The performance plan for the Director of Development is quite simple: Deliver high quality programs that meet or exceed customer requirements on time and within budget.

CTO 40

CTO Technical Review Technology Software Review 40

Version One Ventures

JULY 23, 2013

I’ve divided their thoughts by topic: company focus, scaling the organization, firing, metrics, diving deep as a CEO, and listening to advice. On product/company focus: “One of the things I’ve learned is that as an early stage start-up, you have to do only one thing well and one thing that connects with the users.

Founder 126

Founder Metrics Hiring Early Stage 126

ConversionXL

SEPTEMBER 9, 2016

Primarily through customer and on-site surveys, which you can read about extensively in How To Use On-Site Surveys to Increase Conversions and Survey Design 101: Choosing Survey Response Scales. You can also turn to reviewing live chat logs and talking with your customer support reps. Finally, you try customer interviews.

Technical Review 48

Technical Review Architecture Conversion Software Review 48

Mucker Lab

APRIL 6, 2023

If you go back to thinking about what kind of company is a great fit for PLG, there are two important criteria: The first one is your target segment, your customer size. Obviously if you target enterprise customers, you usually have a very large ACV (Annual Contract Value) and the product usually is complex. Think about Adobe.

Product 78

Product CTO Hire Startup Fractional CTO 78

Feld Thoughts

AUGUST 12, 2011

Feeling overwhelmed, Dick emailed his friend Josh, the CEO of an early-stage startup in Boulder, to see how they figured out all of this stuff. While John was trying to be helpful, his advice missed the mark because he didn’t have a lot of experience at the early stages.

Balance Sheet 136

Balance Sheet Forecast Cap Table Early Stage 136

ReadWriteStart

OCTOBER 28, 2010

At today's roundtable we saw three very nice businesses, each with pilot customers, and each working on real problems. Antonio has 100 trial customers at the moment, and is looking to figure out exactly what his company positioning is going to be. And these pilots will pay for her early bootstrapping phase.

Partner 117

Partner Belgium Portugal Bootstrapping 117

abovethecrowd.com

OCTOBER 1, 2013

Over 13 years ago, in March of 2000, I wrote a blog post titled “ The Most Powerful Internet Metric of All. ” The key thesis was this: if an Internet company could obsess about only one metric, it should be conversion. As such, it is time to pound the table again – conversion is by far the most powerful Internet metric of all.

Metrics 93

Metrics Conversion Internet Acquisition 93

Startup Lessons Learned

MARCH 21, 2013

Lean Analytics is the latest addition to the Lean Series. If you're working on the Sticky Engine of Growth , you're focused on very different metrics from those that you care about in the Viral Engine of Growth. In the early days of a SaaS business, churn really doesn’t matter that much. to 3% a month.

Analytics 167

Analytics Lean Metrics Churn Rate 167

trada.com

APRIL 7, 2010

He noted that Chris Dixon ( @cdixon ) of Hunch tweeted, “New early-stage start up trend: get big quietly, so you don’t tip off potential competitors.&# Stealth Mode Pro: If you can find enough beta customers without the world knowing whom you are? Every new thing you take on requires time and effort.

Stealth 40

Stealth PPC Advertising Conversion 40

Up and Running

MAY 23, 2016

A description of the problem you’re solving for your customers, and your solution to the problem, which is usually your product or service. Also, make a bullet list of the marketing activities that will drive customers to your door. Also, make a bullet list of the marketing activities that will drive customers to your door.

Software Review 74

Software Review Software Delaware Forecast 74

ConversionXL

SEPTEMBER 5, 2019

Customer personas are often talked about in marketing and product design, but they’re almost never done well. A research-based archetypal representative of your customer based on various attributes, attitudes, and characteristics. can all benefit from a better idea of the customer. This post contains video, click to play].

Software Review 115

Software Review Design Agile Analytics 115

ConversionXL

MARCH 7, 2017

A research-based archetypal representative of your customer based on various attributes, attitudes, and characteristics. They’re also known as buyer personas, customer personas, customer profiles, or just personas depending who is selling the idea to you. can all benefit from a better idea of the customer.

Software Review 102

Software Review Design Agile Analytics 102

YoungUpstarts

JUNE 1, 2020

Early stage startups have plenty of challenges, but benchmarking helps pinpoint product-market fit and provide directional data. If you’re new to the notion of benchmarking, it involves comparing your company’s metrics to those of your competitors and your industry. by Janielle Denier , CEO and founder of Rainfactory Inc.

Startup 191

Startup Early Stage Campaign Demand 191

Steve Blank

FEBRUARY 26, 2020

You (think) you have product-market fit with real customers and real revenue and need money to grow and expand. What most founders don’t realize is: Every stage of a startup requires a different set of metrics and milestones and founder skills. Better answer, “Because I’m the customer.”) The Startup Investment Landscape.

Cofounder 429

Cofounder Seed Stage Valuation Metrics 429