Remove Engineer Remove Product Development Remove Revenue Remove Sales Cycle
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Lessons Learned: Validated learning about customers

Startup Lessons Learned

Lessons Learned by Eric Ries Tuesday, April 14, 2009 Validated learning about customers Would you rather have $30,000 or $1 million in revenues for your startup? All things being equal, of course, you’d rather have more revenue rather than less. And yet revenue alone is not a sufficient goal.

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

Hippoland

Diving in a bit more into some thoughts here: 1b) Ad-based revenue streams generally have terrible unit economics. A typical ad-based revenue stream on a media website is around $5 per 1000 eyeballs ($5m CPM and give or take $1-$20ish CPMs). Product second. Sales cycles matter though. This is obvious.

Founder 48
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The #1 thing successful founders think about for their next startups

Hippoland

Diving in a bit more into some thoughts here: 1b) Ad-based revenue streams generally have terrible unit economics. A typical ad-based revenue stream on a media website is around $5 per 1000 eyeballs ($5m CPM and give or take $1-$20ish CPMs). Product second. Sales cycles matter though. This is obvious.

Founder 48
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CXL Live 2018 Recap: Top 5 Lessons from Each Speaker

ConversionXL

Ed Fry – Customer Data Operations: Unleashing your hidden growth engine. mobile is ~50% of revenue, shorter form works better. Flip your funnel – only 5% of revenue comes from optimisation but 92% of revenue from retention. Offline sale – typically. Long sales cycle – 18 months or more.

Retention 106