Learn more about product with this collection
How to align stakeholders
Best practices in product management leadership
How to create value together
Using David Skok’s Test For Measuring Your Product/Market Fit
David Skok is a five-time serial entrepreneur and venture capitalist. He developed a test to help product teams discover if they are close to their product/market fit.
David Skok states that the ideal ratio between the Customer Lifetime Value (CLV) and Customer Acquisition Cost (CAC) is 3:1. When a company get close to this ratio, it's an indication that they are close to their product/market fit.
2
0 reads
MORE IDEAS ON THIS
Understanding the two important operational metrics
Customer Acquisition Cost (CAC) is the cost of getting a customer to buy a product or service.
How to calculate the metric:
- Take the full scope of acquisition expenses and divide it y the number of customers gained.
2
0 reads
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates