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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."
But the investor is already being compensated for that risk in the low price of the stock, so it is unfair to delay. Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev. more data about their trajectory.
They take common stock, not preferred, a fact that the entrepreneurs mentioned to me many times. Inspiring ideas: real-time biz metrics; safe continuousdeployment; A/B split testing. Case Study: Continuousdeployment makes releases n. Articulate, inspirational. Learned a lot and enjoyed the discourse.
But we couldn''t have identified this without having clear metrics (that high bug count) to assess our development process. As Shutterstock has grown, there are a few key elements to our continued development speed: Small, autonomous teams: The more a team can do on their own, the faster they can go.
Oh, and your salespeople have to make sure bookstores will stock it, and your marketing and PR people will have to make sure readers know it exists. Last year, the co -founders of B ack to the Roots talked about their innovation accounting and how they were ignoring sales metrics in order to grow.
Similar mechanisms are at work in the stock market, Google PageRank , and guessing an oxs weight at the state fair. Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev.
Sarbanes Oxley has made it impossible to go public reducing financial capital for start-ups and the FASB rules on stock options have made it harder to attract human capital to start-ups. Case Study: Continuousdeployment makes releases n. Our patent laws have been weakened reducing the value of intellectual capital.
Contrast this with other high-risk situations, like buying a high-risk stock. Although the specific payoff of a specific risky stock is not known, investing in many such stocks can be modeled accurately. Thus a decent financial advisor can give you a reasonably accurate long-term expected return for a set of risky stocks.
Livelys launch was marred by zillions of sex chat rooms, with people spending hours and hours trying to figure out how to use Livelys stock animations to make their avatars do things that looked kinky. Case Study: Continuousdeployment makes releases n. Guess what they wanted to talk about. Subscription or a la carte payments?
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