The Next Web

DECEMBER 4, 2013

Strategy Adopted: Leveraging Social Media Analytics. On social media, you can pinpoint an audience in real-time. Metrics on keywords, follower profiles and competitors all help define your target listener. Starting out, you can’t hit every network and outlet full-force. Prioritize social networks.

Social Media 158

Social Media Media Viral Startup 158

ConversionXL

SEPTEMBER 6, 2013

Startups rarely survive by guessing, and can only create products and business models based on facts about their target market. ” To make the concept a little less abstract, Sean Ellis , founder of Qualaroo, has created a metric for knowing when you’ve achieve Product/Market fit. Pivot the product entirely.

Customer Development 126

Customer Development Conversion Developer Customer 126

Occam's Razor

APRIL 8, 2013

To win in business you need to follow this process: Metrics > Hypothesis > Experiment > Act. We are far too enamored with data collection and reporting the standard metrics we love because others love them because someone else said they were nice so many years ago. That metric is tied to a KPI.

Metrics 156

Metrics Analytics Lean Churn Rate 156

ReadWriteStart

JULY 9, 2023

Business Models and Pricing Know your business model prior to launching a startup. However, sometimes founders only think about their big idea and forget about the strictly business side of a startup. Metrics A business should be measurable. A good founder is always a good communicator.

Intellectual Property 122

Intellectual Property Startup Burn Rate Metrics 122

Startup Professionals Musings

NOVEMBER 29, 2019

As a mentor to many aspiring entrepreneurs, I challenge them to think beyond what I call linear extensions to a current trend, such as another “easier-to-use” app for smartphones, a new dating site for pets, or another niche social network. Keep alternative business models on the table.

Intellectual Property 317

Intellectual Property Entrepreneur Bootstrapping Salary 317

SoCal CTO

MARCH 22, 2007

Its also been interesting to see the interaction of tools involved - Social Networking, Blogging and a Discussion Group. It seems that four different models of "discussion creation" have occurred: Organice Discussion - someone posts something interesting, lots of bloggers post on the topic, distributed discussion ensues.

Technical Cofounder 150

Technical Cofounder Southern California Los Angeles CTO Hire 150

Startup Lessons Learned

OCTOBER 19, 2013

That said, there will always be categories of apps — such as social networks or messaging apps — that require a user''s identity in order to deliver value. Then you should decide effective ways to test your assumptions and pre-determine what your metrics of success should be in order for you to make a go or no-go decision to build.

Mobile 167

Mobile Developer Technical Review Lean 167

www.forentrepreneurs.com

FEBRUARY 2, 2010

Business Model I would like to propose that in addition to team, product, and market, there is actually a fourth, equally important, core element of startups, which is the need for a viable business model. However there is a lot of value in looking at these same metrics for all other businesses.

Acquisition 103

Acquisition Cost Customer Entrepreneur 103

Startup Professionals Musings

AUGUST 18, 2018

The most common proposals I hear are for yet another social networking site ( over 200 exist ), or another dating site (over 2500 in the US alone). It starts with a vision, but benefits quickly from a structured process of idea generation, evaluation, prototyping, customer feedback, and success metrics. Ownership.

Intellectual Property 160

Intellectual Property Entrepreneur Metrics .Net 160

SoCal CTO

MARCH 16, 2007

And in fact all our globally-connecting-social-networking tools are making face-to-face more, not less desirable. Social Media for Service Professionals LearnTrends Speakers and Topics Accounced Tags not Folders - LinkedIn Saved Profiles Product Management for Startups in Los Angeles – S.

Technical Cofounder 150

Technical Cofounder Southern California Los Angeles CTO Hire 150

Both Sides of the Table

MAY 23, 2012

The movie, “The Social Network” might have had more of an impact on creating future entrepreneurs than any other event of the past 5 years. The mobile world brings enormous business opportunities and changes to business models that were unthinkable when VCs made investments ten years ago that produced the last decade of results.

Venture Capital 347

Venture Capital Technical Review LP Mobile 347

Startup Professionals Musings

AUGUST 14, 2016

The most common proposals I hear are for yet another social networking site ( over 200 active ), or another dating site (over 2500 in the US alone). It starts with a vision, but benefits quickly from a structured process of idea generation, evaluation, prototyping, customer feedback, and success metrics. Ownership.

Intellectual Property 161

Intellectual Property Metrics .Net Social Network 161

mashable.com

SEPTEMBER 14, 2011

Clearly Define Your Business Model While this may sound like a trivial task, young startups often have an exciting and innovative product, but no real plan for monetizing it. It’s critical to establish this component of your business before thinking seriously about growth. in place before you expand.

France 77

France Marketing Social Media Startup 77

Mucker Lab

OCTOBER 12, 2016

Out of hundreds of daily-deal companies funded, one or two became long-term businesses. Out of hundreds of social networks launched, only one changed the world. Normal distributions do not exist; standard deviations are meaningless. Hundreds of companies get funded because there are hundreds of venture funds.

Harvest 60

Harvest Vertical IPO Early Stage 60

Up and Running

APRIL 27, 2012

Sure, the barriers to entry are lower, and customers are one mere click away from their growing social networks. Internet entrepreneurs in the UK need to push managing metrics right to the front of their to-do lists. They need to re-embrace planning even if they have no desire for a business plan. Most meaningful metrics.

Metrics 68

Metrics Nigeria Ratchet Churn Rate 68

conversionxl.com

SEPTEMBER 10, 2013

Startups rarely survive by guessing, and can only create products and business models based on facts about their target market. ” To make the concept a little less abstract, Sean Ellis , founder of Qualaroo, has created a metric for knowing when you’ve achieve Product/Market fit. Pivot the product entirely.

Customer Development 60

Customer Development Conversion Developer Customer 60

Startup Professionals Musings

SEPTEMBER 19, 2016

The hard part is the business execution. For example, the concept of an online platform for social networking is a simple one, and has been attempted by thousands of entrepreneurs past and present. Define and use metrics to measure your progress. Validate and scale your business model to success.

Social Network 120

Social Network Dilution Acquisition Metrics 120

Up and Running

JULY 10, 2017

Different sources define freemium as a business model or a pricing strategy. It’s critical to understand the metrics in terms of dollars per additional user, as you’ll have to spend this amount to serve thousands of your non-paying customers. However, your pricing options go far beyond freemium and free trial.

Startup 110

Startup Non-Compete Viral Software Review 110

Startup Professionals Musings

AUGUST 12, 2015

The most common proposals I hear are for yet another social networking site ( over 200 active ), or another dating site (now over 2500 in the US alone). It starts with a vision, but benefits quickly from a structured process of idea generation, evaluation, prototyping, customer feedback, and success metrics. Ownership.

Intellectual Property 120

Intellectual Property Entrepreneur Metrics .Net 120

Lightspeed Venture Partners

DECEMBER 3, 2010

Social games overflow out of Facebook. While the amount of social gaming on other social networks, especially the Asian networks, has significantly increased over the course of the year, the vast majority of social gaming still takes place on Facebook. Real time web usage outpaces business models.

Internet 114

Internet eCommerce Advertising Flash 114

David Teten

DECEMBER 3, 2019

This is a great example of why data businesses have substantial moats. Boardex and Relationship Science make it easier to understand and map social networks into potential limited partners. The simplest way to track a company’s performance: have them give you access to their internal metrics dashboard.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Startup Lessons Learned

SEPTEMBER 15, 2008

Paring down products, target customers, business models etc takes courage, but it must be done to have any chance of success. Eric, As you touch on, the lean venture has been the basic model employed by entrepreneurs throughout history until the past 12 years or so when venturing became institutionalized.

Lean 168

Lean San Francisco Startup Continuous Deployment 168

Startup Professionals Musings

AUGUST 13, 2012

People ask me if they really need ANY business plan, unless they are looking for an outside investor. In fact, a business plan is needed more by you than investors, as the blueprint for your company, team communication, and progress metrics. Explain the business model. Financial forecast and metrics.

Business Plan 283

Business Plan Sweat Equity Exit Strategy Intellectual Property 283

Both Sides of the Table

JUNE 12, 2010

-Offers a private label service that allows campus book retailers to offer an online rental model; serves 1.3mm to-date. Company grew by more than “400% each year” for past few years [assume growth metric = revenues]. Metrics: 2.5mm members, 1,000 brands, 2,500 sale events to-date. Social network app developer and ad network.

Venture Capital 217

Venture Capital Los Angeles Oakland Asia 217

Startup Professionals Musings

MAY 13, 2011

People ask me if they really need ANY business plan, unless they are looking for an outside investor. In fact, a business plan is needed more by you than investors, as the blueprint for your company, team communication, and progress metrics. Explain the business model. Financial forecast and metrics.

Business Plan 290

Business Plan Sweat Equity Exit Strategy Intellectual Property 290

steveblank.com

JULY 8, 2011

– Mike [link] Reply Jeff Skinner , on May 24, 2010 at 9:28 am said: Steve, you don’t know me though I use your ‘Customer Development process’ video in my classes (Entrepreneurship at London Business School). Jeff skinner Faculty, London Business School. Can we touch base on this.

Software Review 110

Software Review Startup Silicon Valley Analytics 110

reidhoffman.org

NOVEMBER 12, 2013

Friendster’s valuation set the tone for the entire social networking space. Press and analysts characterized LinkedIn in one of two ways: “LinkedIn is an interesting niche that might be worth paying attention to” or “LinkedIn is the Friendster for business”. The general rule is one business model drives the business.

Entrepreneur 111

Entrepreneur Revenue Viral Networking 111

Gust

AUGUST 5, 2012

People ask me if they really need ANY business plan, unless they are looking for an outside investor. In fact, a business plan is needed more by you than investors, as the blueprint for your company, team communication, and progress metrics. Explain the business model. Financial forecast and metrics.

Business Plan 182

Business Plan Sweat Equity Exit Strategy Intellectual Property 182

grasshopperherder.com

FEBRUARY 19, 2011

If I can steal your idea by just hearing it, there is no defensible business model there. Show Metrics If you ask me to be a co-founder or even just a consultant, you’re essentially asking me to invest in your company with my time. As an investor, I will expect the same metrics an investor would get.

Cofounder 47

Cofounder NDA Founder Sweat Equity 47

Startup Lessons Learned

MARCH 13, 2009

You have to know your business model. Most startups launch before theyve figured out what business theyre in. Know what the success metrics are for the launch. Would have been nice to have this last year when I started my own business. Most startups arent so fortunate. March 13, 2009 11:20 PM Urs E. Gattiker said.

San Francisco 168

San Francisco PR Lean Early Stage 168

Hearpreneur

JULY 10, 2015

However, the next evolution of the subscription commerce will become the curated subscription business model. The concept is, rather than simply sending a random assortment of products in a box, the customer tells you what their preference is and you as the business tailor each box specifically towards them. 4) No Hiding.

Entrepreneur 48

Entrepreneur Software Review Technical Review Small Business 48

Startup Professionals Musings

APRIL 22, 2010

People ask me if they really need ANY business plan, unless they are looking for an outside investor. In fact, a business plan is needed more by you than investors, as the blueprint for your company, team communication, and progress metrics. Explain the business model. Financial forecast and metrics.

Business Plan 186

Business Plan Exit Strategy Sweat Equity Intellectual Property 186

VC Cafe

JUNE 28, 2012

You’re thinking of creating a social network for startup founders. It’s a rant really… LSM is a weekend educational program designed to teach the principles of lean startup and customer development. Let’s take the following example. You also found out that there are a few competitors that have raised funding.

Lean 96

Lean Startup Framework Business Model 96

Startup Lessons Learned

OCTOBER 6, 2008

Whats needed is a disciplined methodology for understanding the needs of customers and how they combine to form a viable business model. The site is now a sad footnote in the history of Social Networking Services. Lets start with the "do whatever customers say, no matter what" problem. But none of that happened.

San Francisco 128

San Francisco Lean Continuous Deployment Agile 128

Version One Ventures

DECEMBER 7, 2016

And now, we’re pleased to announce that we have just produced our second eBook, “ Understanding Social Platforms.”. Why social? As individuals, we use social platforms on a daily basis. As investors, we love the underlying business models, including the daily use case, virality, and network effects.

Artificial Inteligence 60

Artificial Inteligence Viral Valuation Networking 60

maplebutter.com

JANUARY 8, 2013

Written By Dan Martell on February 2nd, 2012 | Category: Hiring LeanStartup Marketing Metrics Startup Life | 6 Comments. Building Metrics / Usage Reports / KPI 3. Product/Metrics (70%/30% time) * Get your product activation (sign-up + meaningful action) to 60% * then, Get your product retention to 20% weekly. 10) Metrics.

Technical Review 44

Technical Review Startup Cofounder Software Review 44

The Next Web

AUGUST 17, 2013

Sangeet Paul Choudary analyzes business models for Internet startups at his blog Platform Thinking. For a social network, friending/following a certain number of users could signal commitment. Moving your metrics. You can follow him on Twitter where he is @sanguit. It’s never been easier to build an app.

Mobile 133

Mobile Design PR Social Network 133