Remove Audience Remove Australia Remove Customer Development Remove PR
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Lessons Learned: The three drivers of growth for your business.

Startup Lessons Learned

Paid - if your product monetizes customers better than your competitors, you have the opportunity to use your lifetime value advantage to drive growth. In this model, you take some fraction of the lifetime value of each customer and plow that back into paid acquisition through SEM, banner ads, PR, affiliates, etc.

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Lessons Learned: Don't launch

Startup Lessons Learned

Announce a new product, start its PR campaign, and engage in buzz marketing activities. Marketing launch) Make a new product available to customers in the general public. Thats because a marketing launch is a one-time event, and rarely translates into renewable audiences. Do your customers really read TechCrunch?

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Learning is better than optimization (the local maximum problem)

Startup Lessons Learned

.&# But we also invalidated a hypothesis that customers wanted an avatar; we had to learn a whole new way of explaining the benefits of avatar-mediated communication because our audience didn’t know what that word meant. And therein lies the most common source of confusion about whether startups should listen to customers.

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Lessons Learned: Product development leverage

Startup Lessons Learned

But part was a recognition that we could gain substantial competitive advantage by leveraging a community of like-minded visionary customers to serve a wider (and more mainstream) audience than we could alone. In the meantime, I think we have a good explanation for what all those PR dollars are being spent trying to obscure.

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Stop lying on stage

Startup Lessons Learned

The higher the vanity ratio, the more effective the PR. It helps companies with PR. face an overwhelming incentive to say whatever it is that will sound good to their audience, regardless of whether it is true. And companies crave positive PR and control over their message – all for rational reasons.

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The cardinal sin of community management

Startup Lessons Learned

I agree that listening and communicating is a key to success, but customer development can only do so much. The CAB, DC (aka the C3) and the APC fought hard to help you guys please the general audience, and at many times, the moderators as well, heck there were forum mods on the councils. Desperately.

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Lessons Learned: The lean startup at UC Berkeley Haas School of.

Startup Lessons Learned

This time, I was lucky enough to have my friend Nivi from Venture Hacks in the audience, and he was recording. What happened when we got early press (circa 2004) in violation of our own no-PR rule. The Entrepreneur’s Guide to Customer Development ► June (3) What is a startup?

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