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All investors want to see real evidence that the dogs will eat the dogfood before they give any credibility to your hockey-stick projection curves. Startups need the agility to test various businessmodels and positioning messages. Partners and distribution channels will take you seriously.
Simply stated, it means that your business has the potential to multiply revenue with minimal incremental cost. Ready to scale is when you have a proven product and a proven businessmodel, about to expand to new geographies and markets. Use a minimum viable product (MVP) to validate the model.
Traction is evidence that your product or service has started that “hockey- stick” adoption rate which implies a large market, a valid businessmodel, and sustainable growth. A graph that shows a hockey-stick “up and to the right” curve with at least three data points per key indicator is a great visual assist.
Simply stated, it means that your business has the potential to multiply revenue with minimal incremental cost. Ready to scale is when you have a proven product and a proven businessmodel, about to expand to new geographies and markets. Use a minimum viable product (MVP) to validate the model.
Traction is evidence that your product or service has started that “hockey- stick” adoption rate which implies a large market, a valid businessmodel, and sustainable growth. A graph that shows a hockey-stick “up and to the right” curve with at least three data points per key indicator is a great visual assist.
Simply stated, it means that your business has the potential to multiply revenue with minimal incremental cost. Ready to scale is when you have a proven product and a proven businessmodel, about to expand to new geographies and markets. Use a minimum viable product (MVP) to validate the model.
Simply stated, it means that your business has the potential to multiply revenue with minimal incremental cost. Ready to scale is when you have a proven product and a proven businessmodel, about to expand to new geographies and markets. Use a minimum viable product (MVP) to validate the model.
Simply stated, it means that your business has the potential to multiply revenue with minimal incremental cost. Ready to scale is when you have a proven product and a proven businessmodel, about to expand to new geographies and markets. Use a minimum viable product (MVP) to validate the model.
No one cares about a team or individuals’ “experience” with platforms or channels. Hockey-stick growth requires being ahead of, not in line with, conventional wisdom: The most impactful ideas won’t be found in “best practices.” The solution isn’t just to learn a platform or channel. Mailchimp’s Willie Tran agrees.
Forget about traction and hockeystick growth. In other words, if you can get 1000 people to come to your website consistently for under $5, then this businessmodel works for you. Another way is to have unique promotion channels, but these must be scalable. don’t think about at all.
Forget about traction and hockeystick growth. In other words, if you can get 1000 people to come to your website consistently for under $5, then this businessmodel works for you. Another way is to have unique promotion channels, but these must be scalable. don’t think about at all.
Your businessmodel has to truly be similar to the company you are referencing. If you aren’t solving some problem in the world, you are going to have a long uphill climb with your business. Investors see “hockeystick” projections all the time and will mentally be cutting your projections in half. Slide 8: Team.
What matters is proving the viability of the company’s businessmodel, what investors call “traction.&# Of course this is not at all true of many profitable small businesses, but they are not what I mean by startups.) People often forget the most important part of the hockeystick: the long flat part.
Then they noticed that they’d been cannibalizing other channels—people converting as referrals were leads already acquired from other channels. Incentives work, but they might work too well and convert people who are not really into the service/product or cannibalize other channels. They are too busy disrupting.
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