Remove Business Model Remove Framework Remove Hockey Stick Remove Retention
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Lessons Learned: Validated learning about customers

Startup Lessons Learned

What matters is proving the viability of the company’s business model, what investors call “traction.&# Of course this is not at all true of many profitable small businesses, but they are not what I mean by startups.) People often forget the most important part of the hockey stick: the long flat part.

Customer 167
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The #1 thing successful founders think about for their next startups

Hippoland

Forget about traction and hockey stick growth. In other words, if you can get 1000 people to come to your website consistently for under $5, then this business model works for you. You will use your fridge for a decade or more so the retention here is high. 3) Does your business have naturally short retention?

Founder 48
article thumbnail

The #1 thing successful founders think about for their next startups

Hippoland

Forget about traction and hockey stick growth. In other words, if you can get 1000 people to come to your website consistently for under $5, then this business model works for you. You will use your fridge for a decade or more so the retention here is high. 3) Does your business have naturally short retention?

Founder 48