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Hockey-stick growth requires being ahead of, not in line with, conventional wisdom: The most impactful ideas won’t be found in “best practices.” But picking the businessmodel and building a product for user-driven growth is very difficult to do intentionally.”. Mailchimp’s Willie Tran agrees. explains Lofgren.
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. Salescycles matter though. Business customers, depending on the problem, are less price sensitive than consumers.
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. Salescycles matter though. Business customers, depending on the problem, are less price sensitive than consumers.
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.
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