Remove Cofounder Remove Design Remove Product Development Remove Viral
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16 Common Mistakes Young Startups Make

mashable.com

Perhaps the team is working on a product that really isnt that great or useful. Or maybe the co-founders have a poisonous relationship that will hinder the companys growth. Maybe they never thought about product-market fit. Check out the tips below from founders, CEOs and investors alike. Leave it in the comments.

Cofounder 111
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How much does it cost to build the world’s hottest startups?

The Next Web

With mobile development agencies and product incubators on the rise and more corporate “labs” spinning out each day, there’s no shortage of talent to help you build the next great Web or mobile app. Werdelin equates building a successful product to building a nightclub. 1) Twitter. 3) Facebook. 5) Uber.

Cost 168
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Lessons Learned: The three drivers of growth for your business.

Startup Lessons Learned

I break the answer to that question down into three engines: Viral - this is the business model identified in the presentation as "Get Users." Here, the key metrics are Acquisition and Referral, combined into the now-famous viral coefficient. If the coefficient is > 1.0 , you generally have a viral hit on your hands.

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Abstract launches private alpha to redesign the design process

Version One Ventures

You can read co-founder Josh Brewer’s announcement here. Josh was previously the principal designer at Twitter. Abstract is building a common infrastructure to support the modern design workflow. We need help managing our work and how design relates to the rest of the organization.”.

Design 60
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Business ecology and the four customer currencies

Startup Lessons Learned

I had a lot of use for this concept back when I worked on game design and virtual worlds. In order to maintain game play balance, game designers have to take into account the needs of customers who have an excess of four different assets: time , money , skill , and passion. Having a balanced ecosystem is what game designers strive for.

Customer 156
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Engagement loops: beyond viral

Startup Lessons Learned

Lessons Learned by Eric Ries Tuesday, December 16, 2008 Engagement loops: beyond viral Theres a great and growing corpus of writing about viral loops, the step-by-step optimizations you can use to encourage maximum growth of online products by having customers invite each other to join.

Viral 140
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Learning is better than optimization (the local maximum problem)

Startup Lessons Learned

In fact, the curse of product development is that sometimes small things make a huge difference and sometimes huge things make no difference. Some designers also hate optimizing (which is why the “41 shades of blue&# test is so famous – a famous designer claims to have quit over it ).