Thanks Andy! Asking what “problem” Timehop solves may be asking the wrong question. That’s the equivalent of asking “what problem do photographs solve?” Clearly taking photos is a mainstream and frequent activity, but it doesn’t really solve a ‘problem’ but rather scratches a deeply human itch. Timehop scratches that same itch.
Much of growth is dedicated to finding the levers you can pull for incrementing compound interest over time. There are very few (if any) silver bullets when it comes to growth. But there are many micro optimizations. It’s important to recognize that ten 5% optimizations today equates to substantially more value 3 years from now than what you perceive that value to be today.
But keep in mind that it is really hard to grow $5.00 to $1,000,000 so if your original principal value is tiny you’ll need to focus on improving the principal as well. In short, it’s really hard to sustainably grow a terrible product (eg Myspace).
I’ve been disconnected from user growth at Facebook since July of 2010 when it just passed 500M active users. But if I had to lick my finger, put it in the air, and guess how many active users today are due to growth optimizations, I’d say that number is in the hundreds of millions.
Vimeo - When visiting a non-existing page on Vimeo, the title is VimeUhOh.
Reblogged from Little Big Details
8th May 2012
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Drew Houston, Dropbox (via sequoiacapital)
I put this quote on a slide at today’s foursquare company meeting. This is the last thing any startup founder wants to be associated with. And I feel that being self-aware, honest and transparent as a company, with everyone in the company - and letting that fuel an open dialog about what is and is not working within the company - is the best way to avoid this fate.
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Companies die from not being eaten by their competitors, but from self-inflicted wounds. They don’t have discipline. Their best people get frustrated. They chase all these shiny objects that aren’t core to the business. They become complacent because of early success.
Reblogged from teendrama :: hello my name is dennis.
