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And new technologies, like generativeAI, are creating new opportunities for founders to stand out in the consumer space. Lighttricks – the suite of mobile apps for photo and video editing, and most recently generativeAI photo and video generation. Much has changed since then. founded in 2019, raised $13.5M
Net Revenue Retention (NRR) Definition: NRR measures the percentage of recurring revenue retained from existing customers over a given period, considering upgrades, downgrades, and churn. I also recommend checking out my post on conversion, retention and churn benchmarks for various business models (B2C subscription, marketplaces, etc).
Do you have the skills in house to do UA/ retention? Investors conversations go much easier when you already have some form of validation that your game mechanics work well even with a small cohort of testers. GenerativeAI poses a lot of interesting new opportunities in this space and you’ll be smart to be ahead of the curve.
One deep conversation with a user who loves your product is worth more than a hundred lukewarm surveys.” It’s so much easier to create content these days with generativeAI. “When building for your first thousand users, you’re not looking for statistical significance – you’re looking for insights.
The theme of this year’s conference was ‘Possibility’ and there was a significant focus on AI and generativeAI, and the possibilities they unlock. Theme 1: The Power of GenerativeAI The first AI talk was by Greg Brockman , co-founder and CEO of OpenAI.
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