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Over 13 years ago, in March of 2000, I wrote a blog post titled “ The Most Powerful Internet Metric of All. ” The key thesis was this: if an Internet company could obsess about only one metric, it should be conversion. As such, it is time to pound the table again – conversion is by far the most powerful Internet metric of all.
Every board meeting, the metrics of success change. Their product definition fluctuates wildly – one month, it’s a dessert topping, the next it’s a floor wax. And what of the productdevelopment team? First of all, it means that most aggregate measures of success, like total revenue, are not very useful.
Two others – that each team member give their input independently and that the results be objectively aggregated – are also key parts of building a meritocracy. Diversity is not the only requirement for making good group decisions. So why is demographic diversity important? So why is demographic diversity important?
So, we decided to aggregate NextView’s “greatest hits.” ” Below are our favorite pieces from the past few years, divided in to a few key categories: fundraising, company building, productdevelopment, industry trends, and the life of a VC. What Are Your Valuation Expectations? ” (Melody Koh).
Despite all the energy invested in talking to authors about the size of their platform, very few gatekeepers have a rigorous set of metrics for measuring it. When I reviewed a recent productdevelopment book, it immediately shot up to Amazon sales rank 300. My blog has over 14000 subscribers, for example. Is that a lot?
In a startup context, numbers like gross revenue are actually vanity metrics, not actionable metrics. Similarly, it’s easy to generate large aggregate numbers by simply falling back to non-disruptive or non-sustainable tactics (see Validated learning about customers for one example). June 8, 2009 1:16 AM Colin said.
In an ecosystem, each participant acts according to its own imperatives, but these selfish actions have an aggregate effect. In other words, the minimum viable product is designed to answer the question: does the product generate enough demand and margin to support a growing ecosystem?
But aggregated across many schools, there are thousands or tens of thousands of them. Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev. Startup Lessons Learned - the Conference (April 23.
Using memcacheds multiget, which allows the fetching of many keys in parallel, I have written code to aggregate all the shard lookups for a given page and prefetch them, reducing the overhead even further. The mappings never change (unless you build a data migration tool, in which case they change rarely) and so are easy to cache.
Alerts and monitoring I use nagios and ganglia to implement both system and application level monitoring and alerting on the overall health of the production cluster. Examples of things I monitor are the numbers of user activations, active users, and aggregate page hits to user galleries.
Nick Kim , Crosscut’s Head of Platform, in his presentation at the 4th Annual VC Platform Summit, shared their Platform development methodology, which he viewed as an exercise in productdevelopment. For example, recruiting writ large is useful at all stages of development. aggregates resources from all the VCs.
In order to get optimal results from a group-based effort, you need three things: diversity, Independence , and an objective method for aggregating results. Aggregate results carefully. Let me briefly summarize the part of the book I find most helpful (leaving a few out, which arent germane to todays topic). Not all crowds are wise.
I firmly believe that in this age where the productdevelopment life-cycle is so short and user feedback comes so quickly, you will know within a year whether you are focusing on a worthwhile one thing. If it’s done right, feedback and postmortems are regular activities and reviews are just the official aggregation of such feedback.?.
Designed for large businesses, the channels let a company share several types of documents, brand the channel with their own design elements, and then include display advertising, contest promotions, blog aggregation, social media integration and metrics reporting. The idea seemed to SlideShare to be a natural direction.
2gov.org automatically routes your tweet (aggregating it with everyone else whos expressed a similar point of view) to the right legislator or agency. 2gov.org automatically routes your tweet (aggregating it with everyone else whos expressed a similar point of view) to the right legislator or agency.
Easy does it: The right CRM can work magic, serving as a single platform that can span across the entire breadth of an organization — sharing information and providing value for customer service, sales, productdevelopment, management, operations and more. Today’s best SMB-focused CRMs capture metrics more effectively than ever before.
Consequently, you’ve decided to utilize this passion and expertise to collect and aggregate social media data from some of the popular social media platforms like Facebook, Twitter, Instagram, Pinterest, CrunchBase, and LinkedIn. Productdevelopment also occurs in small iterations or changes.
Typically, Pre-Seed rounds are less than $1M in aggregate capital raised. If the Micro-VCs are looking for Series A-like metrics, what does a company do when it’s just getting started? If it doesn’t have the product fully baked yet? That’s squarely in Series A territory and you now need to have Series A metrics for that.
But, ultimately, it generates paying customers—and that’s the only metric that really matters. Use Q&A content to funnel prospects to your products. For a CRM tool, ranking for high-volume, product-related questions like “What’s the best CRM software?” It generates lots of irrelevant traffic. Conclusion.
Startup Metrics for Pirates â?? SaaS Metrics Tutorial â?? Great for visualizing work of productdevelopment. aggregation. Startup Foundry tools list. Small Business tools list. Lean Startup Circle â?? Google Group for startup advice. SEO and Analytics Tutorials. read this before you spend time elsewhere.
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