Startup Professionals Musings

DECEMBER 15, 2010

Product development. For a great idea person, the product details keep changing for the better, but nothing ever gets finished. Customer retention. Serious investors expect founders to have their homework done before the first interaction – documented executive summary, business plan, and financial model.

Entrepreneur 237

Entrepreneur Technical Review Software Review Retention 237

Up and Running

SEPTEMBER 7, 2016

When you’re starting up, worrying about customer retention seems a million miles away. But eventually, when you’ve won your 500th customer and you still have yet to fully focus on retention, you’ll be missing a big trick. What’s more, you can achieve high retention, very sustainably, through the right approach.

Customer 60

Customer Retention Startup Metrics 60

Hearpreneur

JANUARY 26, 2022

8- Growth factor- labor retention rates. With the current labor market , 2022 is the year in which businesses are going to sink or swim based on their labor retention rates. Companies will also be able to simplify product. development and educate customers about their services in the best way possible.

Software Review 117

Software Review Technical Review Artificial Inteligence Entrepreneur 117

Startup Professionals Musings

MARCH 16, 2016

This term refers to an initial venture-capital investment, often wrongly sought to seed early product development. In fact, most often, it is limited to seeding a startup business rollout or scale-up after development is completed from friends and family. These deals usually come with retention packages -- so be careful.

Software Review 120

Software Review Sweat Equity Accredited Investor Angel Investor 120

YoungUpstarts

OCTOBER 10, 2012

Talented product developers. SAS Canada “customer champions” helped the firm restore declining customer retention rates—which had fallen as low as the mid-80s percent — back to the firm’s traditional high retention rates of 97-98 percent. If so, the business world is full of specialists who are all too eager to help.

Customer 154

Customer Fractional CTO Canada Technical Review 154

Steve Blank

MAY 6, 2015

Waterfall Development. While it sounds simple , the Build Measure Learn approach to product development is a radical improvement over the traditional Waterfall model used throughout the 20 th century to build and ship products. It’s a really big idea because what you build needs to match the hypothesis you want to test.

Lean 120

Lean Agile Business Model Customer Development 120

YoungUpstarts

NOVEMBER 9, 2016

The promo code system, in addition to a technological platform for customer loyalty can also be smoothly integrated into an app of this sort, making it more viable for the competitive market where customer retention is an issue. Click Labs excels in product development outsourcing in general and building On Demand platforms in particular.

Demand 138

Demand Software Review Technical Review SMS 138

Startup Lessons Learned

SEPTEMBER 22, 2008

is an elegant way to model any service-oriented business: Acquisition Activation Retention Referral Revenue We used a very similar scheme at IMVU, although we werent lucky enough to have started with this framework, and so had to derive a lot of it ourselves via trial and error. The AARRR model (hence pirates, get it?)

San Francisco 167

San Francisco CPA SEM CTO Hire 167

The Startup Magazine

MAY 31, 2022

Virtual reality marketing, also known as immersive media and augmented reality, provides a significant opportunity for businesses to advertise their brands, generate sales, and improve consumer loyalty and retention. This allows customers to virtually try out a product or service in the comfort of their own homes.

Marketing 136

Marketing Retention New York Campaign 136

Hearpreneur

SEPTEMBER 22, 2021

It drives media attention and fosters customer retention rate, which is why most companies strive to have it in their mission statement. Tesla has always put a huge emphasis on product development and technological advancement. Innovative is a word often used to describe successful companies.

Technical Review 116

Technical Review Entrepreneur Software Review SEO 116

ReadWriteStart

JULY 12, 2023

Companies can improve their efficiency, productivity, and responsiveness with the aid of these solutions. Companies can reallocate resources back into core business activities and new product development by streamlining IT operations. This calls for cutting-edge creations, first-rate support, and savvy advertising.

United States 121

United States Management Mexico Artificial Inteligence 121

ConversionXL

JANUARY 24, 2017

As Ronny Kohavi , Distinguished Engineer, General Manager, Analysis and Experimentation at Microsoft, put it: Ronny Kohavi: “Experimentation is getting more recognized as essential to guide product development, when it is applicable (not always, as you can see in Section 6 in this paper ). AI and automatic optimization.

Conversion 48

Conversion Technical Review Artificial Inteligence Analytics 48

YoungUpstarts

MARCH 5, 2018

Ahead of CES, product development teams scrambled to make sure their shiny new product was ready for prime time. The Aberdeen Group surveyed more than 200 companies, and those with a comprehensive onboarding program scored significantly higher profits and employee retention, productivity, and satisfaction.

Sales 113

Sales Artificial Inteligence Retention Startup 113

ConversionXL

APRIL 13, 2017

Jonathan Price wrote on the same Quora thread that he believes growth marketing to differ from regular marketing because it “is technology-centric and it blurs the boundary between marketing and product development.” The use of qualitative research and quantitative data analysis to gain deep insights into user behavior.

Analytics 99

Analytics Engineer SEO Channel 99

Seeing Both Sides

FEBRUARY 25, 2016

By viewing product development and marketing as integrated functions, not silos, leading tech companies like Facebook and Pinterest are rethinking their approach to driving growth and achieving breakthrough results.

Management 20

Management Analytics Technical Review Framework 20

Seeing Both Sides

FEBRUARY 25, 2016

By viewing product development and marketing as integrated functions, not silos, leading tech companies like Facebook and Pinterest are rethinking their approach to driving growth and achieving breakthrough results.

Management 20

Management Analytics Technical Review Framework 20

Hunter Walker

OCTOBER 25, 2020

Second, that community is the most powerful retention mechanism available to game developers, because you see, these “soldiers” were players in an online WWII multiplayer simulation. For example, Lenny Rachitsky writes a newsletter devoted to technology and product development. each month).

North Carolina 112

North Carolina Community Media Video 112

YoungUpstarts

JUNE 17, 2019

The push-pull of entertainment and engagement is a subtle balance, but one which works wonders for audience retention when done right. Today Boris has over 17 years of highly successful international leadership experience in sales, professional services, operations, product development and marketing in the Internet and software industry.

Marketing 147

Marketing Startup Burn Rate Advertising 147

ConversionXL

OCTOBER 23, 2015

By adding UserTesting.com to the product development lifecycle, Evernote was able to increase user retention by 15% while also dramatically increasing user engagement numbers. For customers, ask about retention. Optimizing for retention is a high impact, on-going task. Is the site or app easier to use now?

Conversion 48

Conversion Retention Audience Software Review 48

VC Cafe

JULY 15, 2021

Build a community – often overlooked, but building a community around your app can help you build better products and dramatically increase retention. As Peter Yang puts it in “Why Community-Led Product Development Wins’: Announce your product early and invite interested customers to join an online community (e.g.,

Mobile 190

Mobile Social Media Distribution PR 190

View from Seed

NOVEMBER 18, 2020

So even before you get to product development (20% of revenue) or G&A (14% in 2019), you’re already looking at a narrower potential margin than you might expect from a marketplace or transaction platform.

North America 401

North America IPO Prospectus Europe 401

Startup Lessons Learned

APRIL 14, 2009

Their product definition fluctuates wildly – one month, it’s a dessert topping, the next it’s a floor wax. Their product development team is hard at work on a next-generation product platform, which is designed to offer a new suite of products – but this effort is months behind schedule.

Customer 167

Customer San Francisco Lean Hockey Stick 167

View from Seed

OCTOBER 15, 2014

In doing so, a few core metrics inevitably emerge depending on the product and the model. For ExampleCo, our fictional mobile startup, these core metrics might include app engagement, user growth, user retention, active users, and so forth. You should also include a 1-2 sentence description of what’s happening.

Seed Stage 331

Seed Stage Cap Table Metrics Burn Rate 331

David Teten

MAY 1, 2013

When deciding on the purchase of an expensive domain, startup teams should first consider whether the money might be better spent on other areas such as product development, customer acquisition, or hiring new talent. . Gaming sites with such sounds rank 44.18% lower, while adult sites with the same sounds rank 7.24% higher. .

Naming 114

Naming Semantic Venture Capital Startup 114

YoungUpstarts

JULY 5, 2018

While convenience and ease are primary benefits for customers, subscription lifecycles are a constant process requiring dedication and action from retailers on a number of fronts: customer acquisition, retention, billing, expansion and success.

Programming 113

Programming Bankruptcy Curation Retention 113

Steve Blank

MARCH 4, 2014

Product management tools like Stage-Gate ® emerged to systematically manage Waterfall product development. The product management process assumes that product/market fit is known, and the products can get spec’d and then implemented in a linear fashion. StageGate Process.

IRR 335

IRR Startup Business Model Agile 335

Hippoland

AUGUST 8, 2018

You will use your fridge for a decade or more so the retention here is high. I use “sales cycle” loosely – by this I mean the time it takes to get a product paid for, and so this involves both product development and time to get a check from a customer). But, the retention is terrible / non-existent.

Founder 48

Founder Sales Cycle Affiliate Retention 48

Hippoland

AUGUST 8, 2018

You will use your fridge for a decade or more so the retention here is high. I use “sales cycle” loosely – by this I mean the time it takes to get a product paid for, and so this involves both product development and time to get a check from a customer). But, the retention is terrible / non-existent.

Founder 48

Founder Sales Cycle Affiliate Retention 48

YoungUpstarts

JULY 23, 2018

However, your usual lecture-based or self-paced learning modules may not be enough to keep developers engaged, which is key to learning success and retention. This makes in-house learning opportunities critical to those of your employees who want to grow in their position within the company and beyond.

Developer 100

Developer Leadership Retention Employee 100

Startup Lessons Learned

JULY 3, 2009

The power of A/B testing is so under-exploited in product development, that Im trying new ways to explain its benefits. Split-testing is great for linear optimization; making our landing pages, conversion rates, and retention metrics incrementally better day-in day-out.

Lean 60

Lean San Francisco Continuous Deployment Cofounder 60

Austin Startup

AUGUST 20, 2017

Compensation decisions obviously affect hiring and retention. Your Product Plan must fit into context of your overall business mission. I’m never surprised when I see product development driven by engineers proceeding at top speed developing the next cool thing.

Technical Review 48

Technical Review Software Review Cap Table Securities and Exchange Commission 48

Startup Lessons Learned

JANUARY 2, 2009

Retention cohort analysis. My son is planning a software product that will take the mystery out of wikis and make the technology easier for consumers to use. The core of the article is my first attempt to articulate the key metrics (in graph form) that I believe demonstrate customer value. Funnel averages over time.

San Francisco 60

San Francisco Tampa Continuous Deployment Lean 60

ConversionXL

AUGUST 24, 2021

Here is an example of a digital product marketing manager’s job duties: Source: Google Jobs. In general, marketing manager responsibilities boil down to overseeing and implementing marketing campaigns to facilitate growth and retention for the company—in whatever shape or form the company does this.

Management 141

Management Marketing Campaign Social Media 141

ConversionXL

AUGUST 30, 2018

It slows product development. The key is to connect user research to an improved user experience and, in turn, an increase in customer retention, leads, or any other metric for which C-suite members are accountable. Include notes from your internal team that explain how insights are influencing product development.

Design 111

Design Framework Product Development Technical Review 111

Venture Chronicles

JUNE 29, 2010

Accept has built a set of products for “innovation management&# and while I reflexively gag at the word “innovation&# when applied to large companies, I actually think Accept has the right approach for delivering a solution to the problem of connecting customers with product development.

Software 34

Software Portfolio Agile Retention 34

Up and Running

SEPTEMBER 24, 2019

While you always want to focus on improving your product or service to help retain customers, there are a few things you can do to help reduce churn that aren’t related to product development and building out new features. Launch an engagement or retention marketing campaign. Increase Average Revenue per User (ARPU).

Revenue 73

Revenue Churn Rate Analytics Metrics 73

ConversionXL

FEBRUARY 3, 2022

People had a terrible experience using their product. After turning their attention toward feedback and testing, letting the voice of their customers fuel their content strategy and product development, they took off. At launch, marketing is based on customer behavior related to the problem your product solves.

Product 102

Product Marketing Social Media Channel 102