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Lessons Learned by Eric Ries Wednesday, December 23, 2009 Why vanity metrics are dangerous In a previous post, I defined two kinds of metrics: vanity metrics and actionable metrics. In this post, Id like to talk about the perils of vanity metrics. My personal favorite vanity metrics is "hits."
In April 2010 I received an email that said, “I’m an incoming Stanford student in the fall and working on a project that a number of people suggested I get in touch with you about.&#. Ok, I get a lot of these. Is this some grad student or post doc who wanted to do some independent study? I was feeling pretty old.
Deena , on July 19, 2010 at 8:27 pm Said: Mark – thanks for the awesome summary of the grey areas with customer development. steveblank , on September 7, 2010 at 11:00 pm Said: Mark, You’ve just listed the reasons why startups are not done by accountants with spreadsheets. It’s an art.
He is a frequent speaker at industry and academic events. Technology Advisor Technology Roles in Startups Pricing Customer Acquisition Sunk Costs and More -. ► February (2) CTO Founders / Cofounders Part-Time Startup CTO? Marketing, Startups and Networking in Los Angeles. Los Angeles Social Media Starters What is Visible Networking?
He is a frequent speaker at industry and academic events. Technology Advisor Technology Roles in Startups Pricing Customer Acquisition Sunk Costs and More -. ► February (2) CTO Founders / Cofounders Part-Time Startup CTO? Marketing, Startups and Networking in Los Angeles. Los Angeles Social Media Starters What is Visible Networking?
He is a frequent speaker at industry and academic events. Technology Advisor Technology Roles in Startups Pricing Customer Acquisition Sunk Costs and More -. ► February (2) CTO Founders / Cofounders Part-Time Startup CTO? Marketing, Startups and Networking in Los Angeles. Los Angeles Social Media Starters What is Visible Networking?
He is a frequent speaker at industry and academic events. Technology Advisor Technology Roles in Startups Pricing Customer Acquisition Sunk Costs and More -. ► February (2) CTO Founders / Cofounders Part-Time Startup CTO? Marketing, Startups and Networking in Los Angeles. Los Angeles Social Media Starters What is Visible Networking?
He is a frequent speaker at industry and academic events. Technology Advisor Technology Roles in Startups Pricing Customer Acquisition Sunk Costs and More -. ► February (2) CTO Founders / Cofounders Part-Time Startup CTO? Marketing, Startups and Networking in Los Angeles. Los Angeles Social Media Starters What is Visible Networking?
He is a frequent speaker at industry and academic events. Technology Advisor Technology Roles in Startups Pricing Customer Acquisition Sunk Costs and More -. ► February (2) CTO Founders / Cofounders Part-Time Startup CTO? Marketing, Startups and Networking in Los Angeles. Los Angeles Social Media Starters What is Visible Networking?
He is a frequent speaker at industry and academic events. Technology Advisor Technology Roles in Startups Pricing Customer Acquisition Sunk Costs and More -. ► February (2) CTO Founders / Cofounders Part-Time Startup CTO? Marketing, Startups and Networking in Los Angeles. Los Angeles Social Media Starters What is Visible Networking?
My own metric is that you need experience >= 1.5 We could for example, find warning signs in popular literature about e.g. finance suggesting rapid maturation in bond trading. Warning sign? Say 40 years = 20 years real direct experience. At best. ~ Is 20 years enough? times the last whole business and credit cycle.
In a lot of cases, this requires a lot of energy invested in talking to customers or metrics and analytics. January 10, 2010 12:57 PM talltodd said. Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev.
He is a frequent speaker at industry and academic events. Technology Advisor Technology Roles in Startups Pricing Customer Acquisition Sunk Costs and More -. ► February (2) CTO Founders / Cofounders Part-Time Startup CTO? Marketing, Startups and Networking in Los Angeles. Los Angeles Social Media Starters What is Visible Networking?
He is a frequent speaker at industry and academic events. Technology Advisor Technology Roles in Startups Pricing Customer Acquisition Sunk Costs and More -. ► February (2) CTO Founders / Cofounders Part-Time Startup CTO? Marketing, Startups and Networking in Los Angeles. Los Angeles Social Media Starters What is Visible Networking?
And the results weren’t the traditional PR metrics of number of articles or inches of ink. We were constantly creating metrics to see the effects of different PR messages, channels and audiences on end-user purchases. steve Joshua , on January 5, 2010 at 3:19 pm Said: Fantastic entry, thanks very much Steve.
In an over-funding environment companies are encouraged to eschew revenues in a land grab to acquire eyeballs, clicks, page views or whatever other vanity metrics give VCs the false comfort that they’re sitting on a gold mine. So of course returns from 2000-2010 were subpar on average for the industry. Today’s Normalization.
He is a frequent speaker at industry and academic events. Technology Advisor Technology Roles in Startups Pricing Customer Acquisition Sunk Costs and More -. ► February (2) CTO Founders / Cofounders Part-Time Startup CTO? Marketing, Startups and Networking in Los Angeles. Los Angeles Social Media Starters What is Visible Networking?
He is a frequent speaker at industry and academic events. Technology Advisor Technology Roles in Startups Pricing Customer Acquisition Sunk Costs and More -. ► February (2) CTO Founders / Cofounders Part-Time Startup CTO? Marketing, Startups and Networking in Los Angeles. Los Angeles Social Media Starters What is Visible Networking?
He is a frequent speaker at industry and academic events. Technology Advisor Technology Roles in Startups Pricing Customer Acquisition Sunk Costs and More -. ► February (2) CTO Founders / Cofounders Part-Time Startup CTO? Marketing, Startups and Networking in Los Angeles. Los Angeles Social Media Starters What is Visible Networking?
He is a frequent speaker at industry and academic events. Technology Advisor Technology Roles in Startups Pricing Customer Acquisition Sunk Costs and More -. ► February (2) CTO Founders / Cofounders Part-Time Startup CTO? Marketing, Startups and Networking in Los Angeles. Los Angeles Social Media Starters What is Visible Networking?
He is a frequent speaker at industry and academic events. Technology Advisor Technology Roles in Startups Pricing Customer Acquisition Sunk Costs and More -. ► February (2) CTO Founders / Cofounders Part-Time Startup CTO? Marketing, Startups and Networking in Los Angeles. Los Angeles Social Media Starters What is Visible Networking?
I have shared with multiple groups Part 2 [link] Very good work -- MM April 2, 2010 6:46 AM Gobala Krishnan said. April 6, 2010 8:23 AM Colie Brice said. Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev.
He is a frequent speaker at industry and academic events. Technology Advisor Technology Roles in Startups Pricing Customer Acquisition Sunk Costs and More -. ► February (2) CTO Founders / Cofounders Part-Time Startup CTO? Marketing, Startups and Networking in Los Angeles. Los Angeles Social Media Starters What is Visible Networking?
He is a frequent speaker at industry and academic events. Technology Advisor Technology Roles in Startups Pricing Customer Acquisition Sunk Costs and More -. ► February (2) CTO Founders / Cofounders Part-Time Startup CTO? Marketing, Startups and Networking in Los Angeles. Los Angeles Social Media Starters What is Visible Networking?
He is a frequent speaker at industry and academic events. Technology Advisor Technology Roles in Startups Pricing Customer Acquisition Sunk Costs and More -. ► February (2) CTO Founders / Cofounders Part-Time Startup CTO? Marketing, Startups and Networking in Los Angeles. Los Angeles Social Media Starters What is Visible Networking?
Lessons Learned by Eric Ries Saturday, October 4, 2008 About the author ( Update January, 2010: This post originally dates from October, 2008 back when I first started writing this blog. Ken Yagen (@kenyagen) KenAtYagenDotCom January 3, 2010 1:38 PM Paramendra Bhagat said. April 23, 2010 in San Francisco. Blew my mind.
He is a frequent speaker at industry and academic events. Technology Advisor Technology Roles in Startups Pricing Customer Acquisition Sunk Costs and More -. ► February (2) CTO Founders / Cofounders Part-Time Startup CTO? Marketing, Startups and Networking in Los Angeles. Los Angeles Social Media Starters What is Visible Networking?
Focus on the output metrics of that part of the product, and you make the problem a lot more clear. To promote this metrics discipline, we would present the full funnel to our board (and advisers) at the end of every development cycle. Max Levchin of Slide and Paypal has noted that 10% of Slides headcount is devoted to metrics only.
Lessons Learned by Eric Ries Tuesday, March 24, 2009 The metrics and levers of engagement, presentation on Engagement Loops for Facebook Developer Garage SF Ill be presenting a talk at the Facebook Developer Garage SF Wednesday evening. Unfortunately, its easy to lose track of positioning effects when optimizing for a single metric.
Because five whys kept turning up a few key metrics that were hard to set static thresholds for, we even had a dynamic prediction algorithm that would make forecasts based on past data, and fire alerts if the metric ever went out of its normal bounds. Tell your Startup Visa story Speaking 2010: Webstock, GDC, Web 2.0,
He is a frequent speaker at industry and academic events. Technology Advisor Technology Roles in Startups Pricing Customer Acquisition Sunk Costs and More -. ► February (2) CTO Founders / Cofounders Part-Time Startup CTO? Marketing, Startups and Networking in Los Angeles. Los Angeles Social Media Starters What is Visible Networking?
February 17, 2010 1:09 AM Post a Comment Newer Post Older Post Home Subscribe to: Post Comments (Atom) Subscribe via email Blog Archive ► 2010 (48) ► October (3) Case Study: Rapid iteration with hardware The Lean Startup Bundle Stop lying on stage ► September (4) Good enough never is (or is it?) Bring your questions.
March 23, 2010 2:05 PM Anonymoussaid. Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev. Tell your Startup Visa story Speaking 2010: Webstock, GDC, Web 2.0, April 23, 2010 in San Francisco.
August 23, 2009 10:57 PM Post a Comment Newer Post Older Post Home Subscribe to: Post Comments (Atom) Subscribe via email Blog Archive ► 2010 (48) ► October (3) Case Study: Rapid iteration with hardware The Lean Startup Bundle Stop lying on stage ► September (4) Good enough never is (or is it?) Bring your questions.
At the time, I spent most of my time describing the metrics themselves and how VCs and their LPs evaluate performance based on these measurements. If you aren’t familiar with these metrics, I recommend reading the original post to get a sense of the numbers that I’ll be reviewing here. So, is this good or bad?
When we looked at the color graphics board market, our competitors had defined the market as one measured by technical metrics: screen resolution, number of bits of color, screen refresh rates, acceleration, etc. It didn’t take much imagination to realize that what we had to do was to tell our story around one key metric performance ?
May 12, 2009 7:42 PM Post a Comment Newer Post Older Post Home Subscribe to: Post Comments (Atom) Subscribe via email Blog Archive ► 2010 (48) ► October (3) Case Study: Rapid iteration with hardware The Lean Startup Bundle Stop lying on stage ► September (4) Good enough never is (or is it?) April 23, 2010 in San Francisco.
June 15, 2009 6:06 PM Post a Comment Newer Post Older Post Home Subscribe to: Post Comments (Atom) Subscribe via email Blog Archive ► 2010 (48) ► October (3) Case Study: Rapid iteration with hardware The Lean Startup Bundle Stop lying on stage ► September (4) Good enough never is (or is it?) April 23, 2010 in San Francisco.
January 6, 2010 12:49 AM Anonymoussaid. Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev. Tell your Startup Visa story Speaking 2010: Webstock, GDC, Web 2.0, April 23, 2010 in San Francisco.
Lessons Learned by Eric Ries Thursday, March 25, 2010 Speed up or slow down? Two Ways to Hold Entrepreneurs Accountable Beware of Vanity Metrics For Startups, How Much Process Is Too Much? Two Ways to Hold Entrepreneurs Accountable Beware of Vanity Metrics For Startups, How Much Process Is Too Much? Bring your questions.
Lessons Learned by Eric Ries Sunday, April 4, 2010 Kent Beck keynote, "To Agility, and Beyond" Kent Beck will give the opening keynote at the Startup Lessons Learned conference on April 23. Tell your Startup Visa story Speaking 2010: Webstock, GDC, Web 2.0, April 23, 2010 in San Francisco. Bring your questions.
If you somehow missed SLLCONF 2010 , you can get caught up with a complete video recording here.) No BS, no vanity metrics, no launches, no PR. Votizen’s David Binetti will show you a real pivot story, including the actual metrics that helped him realize it was time to change. And those are just our keynotes!
Lessons Learned by Eric Ries Wednesday, July 28, 2010 Case Study: kaChing, Anatomy of a Pivot (The following guest post is a new experiment for this blog. Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev.
January 29, 2010 11:18 AM Eric said. > January 29, 2010 12:55 PM Gareth Evans said. Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev. April 23, 2010 in San Francisco. Bring your questions.
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