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Find out the challenges it poses
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Understanding the concept of Metaverse
-- What types of questions does Andrew ask to understand a founder’s growth mindset?
-- What are the right metrics to use?
Understand what people actually use your product for – define your high-value users. Pick your strategy first (product vision); Identity what retains and generates business value; Set metrics to validate if your strategy has causation.
-- What are common errors among founders?
Brand marketing is overused in customer acquisition.
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273 reads
MORE IDEAS ON THIS
Twitch solves the original sin of the internet, which is having an advertising-based system…We decided to go with banner ads overpaying each other online
12
305 reads
Andrew did daily journaling, wanted to find ‘the secret of Silicon Valley’ – what made this machine work? His biggest finding = “Network Effects“
You need users to make a product work, network effects are the results of positively connecting people through technology which ...
13
336 reads
Twitch started as ‘JustinTV’ named after the founder, Justin Kan. Every day he would live to stream his life. Expanded to allow anybody to stream but the ‘everyday life’ content wasn’t gaining traction.
Pivoted towards gaming and a creator-supported model rather than a viewership model. Inc...
12
281 reads
Many games (like Axie Infinity) are a natural way to ease casual people into crypto.
Roblox is an example of what the next generation of social networks could look like. Multiplayer and deep network effects embedded in the VR/AR metaverse experience.
You work, organize, and gather in...
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270 reads
My Life in Advertising by Claude C. Hopkins was an early inspiration for Andrew. It Emphasized direct marketing at a time when advertising was very brand-driven.
Claude Hopkins invented coupons leveraging an interesting strategy:
Gave coupons to newspapers to...
13
407 reads
CURATED FROM
Tim and Andrew discuss how networks effects are the foundation of many successful tech companies and how to pick the right metrics for your startups.
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