Lost and Found: A Painfully Honest Field Guide to the Startup World

Book Notes by Julaine

Examining Design Elements

 Pare back the design until it's the smallest possible element of what you eventually hope to have. Show that to people you trust and get their feedback. Iterate on the fundamentals. Then build it one element at a time. Add functionality, data, features, visual elements, etc until you’ve got something new to show your trusted advisors and beta customers. But don’t release it broadly until the buzz you’re getting from these groups is firmly in the “we Loe this and can’t live without it” camp.
Google found the following eight behaviours consistent across strong people managers.
  1. Is a good coach
  2. Empowers team and does not micromanage.
  3. Express interest/concern for team members' success and well being
  4. Product and results-oriented
  5. Is a good communicator
  6. Helps with career development
  7. Has a clear vision/strategy for the team
  8. Has important technical skills that help him advise
  1. Subscriber Retention versus Customer Acquisition
  • Acquire more customers
  • Increase the subscription tenure of customers
  • Up-sell existing customers to higher-priced subscriptions/packages
  1. Multiple Products dilute your brand
  2. Inherent Complexity of Numerous priorities
  3. Competition
  4. Law of large numbers - the larger you grow it becomes increasingly difficult to maintain a similar rate of growth due to the math of scaling.

Bibliographic Information

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Lost and Found: A Painfully Honest Field Guide to the Startup World
By Rand Fishkin
2018: Penguin, New York
ISBN 9780735213326

These are notes I made after reading this book. See more book notes

Just to let you know, this page was last updated Saturday, Dec 21 24