Startup Lessons Learned
NOVEMBER 7, 2008
It was fall 2004, and the presidential election was in full swing. We had endless arguments internally about what features it should include, how the avatars should look, and how much it should cost. Just load them all in and choose a low cost-per-click. We finally settled on a $1.99 I used to use $.05, Thanks for the insight!
reidhoffman.org
NOVEMBER 12, 2013
What I’ve honorably been able to do, however, is share the deck I used to pitch LinkedIn to Greylock for a Series B investment back in 2004. the consumer internet landscape in 2004 vs. today. In 2004, the consumer internet was just beginning to rebound. In 2004, investors regained interest in the consumer internet again.
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Both Sides of the Table
JULY 1, 2010
Offers virality optimization tools and A/B testing inside Facebook. Based in Palo Alto and founded in 2004 by PayPal alumni. Scott’s first big foray into industry-changing companies came with CarsDirect, an IdeaLab company where he was the initial founder & CEO. Total Raised: $21.4mm. See: TechCrunch. Kontagent. -A
Reid Hoffman
MARCH 19, 2019
And, as the industrial revolution showed us, there are some real costs to scale. The implication is that blitzscaling ignores things like “business model innovations that were rooted in a future that the competition didn’t yet understand” in favor of “spending to acquire customers below cost.”. The third is high gross margins.
Both Sides of the Table
SEPTEMBER 2, 2009
But more spend = more viral opps = more revenue down the road. >50% of our revenue in now viral. Ironically our business started to perform very will by 2004 but by then management had lost the dream of a huge upside. I took money with a 3x participating preferred liquidation preference with 8% compounded interest annually.
YoungUpstarts
JUNE 24, 2012
It’s far more complicated right now to keep a bad experience from hurting your business, viral marketing can fire back. Businesses will have to perform at maximum, avoiding mistakes at all costs before they happen. Avoid at all costs using symmetry in your cover photos. Photo credit: www.kozinets.net].
Both Sides of the Table
FEBRUARY 3, 2011
They realized for them this was dumb because people didn’t want to use up their credits so viral adoption wasn’t happening quickly enough. How has the viral coefficient been for you? Gregg gave us specifics on how viral adoption has worked. The viral adoption went to 15-20 per share action.
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