Remove Advertising Remove Burn Rate Remove Channel Remove Viral
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No Accounting For Startups

Steve Blank

What’s the distribution channel? For example, at a minimum, a web based startup needs to understand the Customer Lifecycle, Customer Acquisition Cost, Marketing Cost, Viral Coefficient, Customer Lifetime Value, etc. Advertising Expenses. Viral Acquisition Ratio. How do we price and position the product? Financials.

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Lessons Learned: Don't launch

Startup Lessons Learned

Again, its critical to focus your marketing launch on those publications, venues, and channels that your potential partners are paying attention to. If the viral coefficient is 0.9, And even worse, wed cranked up the burn rate in order to be ready to handle all those millions of mainstream customers we anticipated.

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The Three Benefits Of Nailing Before Scaling

YoungUpstarts

By saturating one market or sub-market at a time, we started building the best marketing channel there is: word of mouth (WOM). We created virality in small pockets, such as Venice Beach, California, and the virality spilled over to the next pocket, Santa Monica. Behavioral psychology helps us understand how this works.