SlideShare une entreprise Scribd logo
1  sur  18
1
"SUCCESS SEEMS TO BE
CONNECTED WITH ACTION.
SUCCESSFUL PEOPLE KEEP MOVING.
THEY MAKE MISTAKES, BUT THEY
DON'T QUIT.”
—CONRAD HILTON
Organic Growth,
Global Mindset!
2
Colin Hodge
● Specializes in Organic Growth with a Global Mindset
● Board Member for a Silicon Valley social company with over
$200M in annual revenue
● Served as Chief Growth Officer at M17 Entertainment, which
includes the #1 livestreaming video company in Developed
Asia, 17 Live, overseeing global expansion and helping to
launch the biggest markets, as well as leading the marketing
team at headquarters in Taiwan
● Served as CEO of 17 Live USA and launched the highly-rated
PG video streaming app, LiveAF, in Los Angeles, California
● Grew revenue and users of new or acquired social apps as
Head of Paktor Labs, including 20x growth for one app that is
now a top-grossing social app in Taiwan
● As CEO & Founder, created and grew viral app DOWN to
6M+ users organically, exiting in successful acquisition
● Studied Computer Science (major) and Business
Management (minor) at Cornell University (B.S. 2007)
3
GLOBAL GROWTH
41%
4
METRIC IDEAS
Choose your North Star
METRIC and discuss what
affects it
Brainstorm IDEAS to
improve the metric
FRAMEWORK FOR GROWING YOUR STARTUP
SUCCESS
Define what SUCCESS looks like
& what you need to improve to
reach it!
S I
LAY OUT
Select promising ideas
and LAY OUT how to
try them
EXPERIMENT
L E
M
EXPERIMENT with your
best ideas, iterate, and
repeat!
5
SUCCESS
Define what SUCCESS looks
like
& what you need to improve
to reach it!
Ask yourself, "If we vastly
improve any area, which would
have the biggest effect for us?"
Alternatively, what aspect of
the company is holding your
progress back the most?
6
METRIC
Choose your North Star
METRIC and discuss what
affects it
● Measures how well you are
doing with your current
definition of SUCCESS
● What aspects of your
product/service can affect this
metric?
● What's currently running to
improve this metric?
7
IDEAS
Brainstorm IDEAS to improve
the metric
Tactics:
1. Psychology: get into the customers'
mindset
2. Examples: think how others, like
competitors or similar biz in other
regions, have attacked this problem
3. Think Big: If you want to increase
this metric 10x and money nor time are
an issue, what would you do?
Rules:
1. There are no bad ideas - be supportive
and positive!
2. Use "and" NOT "but"
3. Let people finish expressing themselves
without interruptions
4. Record the session: notes, audio, etc.
8
LAY OUT
Select promising ideas and
LAY OUT how to try them
Choose the the top ideas, balancing
estimated impact and implementation
ability.
Plan how you would try the idea to see
if it improves the metric.
This should be an MVP version at first!
9
EXPERIMENT
EXPERIMENT with your best
ideas, iterate, and repeat!
● Run A/B tests with acceptable level of risk (e.g. if you don't
want to risk revenue too much, set your baseline variant at
80% and the new variant at 20%).
● Ensure results are statistically significant (95% confidence
interval).
● Look for 🎇 sparks 🎇 of potential growth - results where a
key metric moves significantly - and then pour gasoline on
by focusing experiments in that area.
● Iterate on many different variations of tests, if possible, to
ensure that you find the best way to communicate it to your
customers.
● Repeat the LAY OUT & EXPERIMENT steps with promising
ideas until you find a spark to focus on.
10
METRIC IDEAS
Choose your North Star
METRIC and discuss what
affects it
Brainstorm IDEAS to
improve the metric
REMEMBER TO SMILE!
SUCCESS
Define what SUCCESS looks like
& what you need to improve to
reach it!
S I
LAY OUT
Select promising ideas
and LAY OUT how to
try them
EXPERIMENT
L E
M
EXPERIMENT with your
best ideas, iterate, and
repeat!
11
PREP YOUR QUESTIONS!
1. Your first name
2.Your 1 sentence startup pitch / description
3.What growth challenge are you currently
facing?
11
12
Case Study
13
Background
❏ Voice call social matching app based in
Taiwan
❏ Before I started consulting with them:
❏ ~ 2k DAU and $0 Revenue
❏ Grew only through word-of-mouth
and forum posts
❏ Team of ~ 3
13
14
Initial Focus
We decided to focus initially on critical mass in the market (Taiwan), to boost
usefulness and enable greater network effects.
Our first North Star Metric: Monthly Downloads
Through experimenting with App Store Optimizations, formalizing the
process and expanding effort on forum posts, and garnering news coverage,
we were able to increase downloads by 500% in the first 3 months.
14
15
Second Focus
After jumpstarting their Monthly Downloads, we updated the focus.
Our second North Star Metric: Week 1 Retention
We set up measurements for onboarding funnels, match success rates, push
notifications, etc. We were able to increase week 1 retention by 200%+ in
the next 2 months.
15
16
Third Focus
With the active user base growing rapidly, we started to focus on revenue.
Our third North Star Metric: Conversion to paid users
We rolled out multiple pricing experiments for the core feature, testing a
subscription with and without a trial, for example. As we landed on an
optimal payment structure, we expanded the revenue sources to another
feature as well. Within 6 months, we increased monthly revenue from $0
to $100,000s per month.
16
17
Overall Results
Within 18 months, we:
- Increased DAU by ~ 30x
- Grew the userbase ~ 25x
- Grew annually recurring revenue (ARR) to
$MILLIONS
17
18
www.ColinHodge.com

Contenu connexe

Tendances

Tendances (15)

Smart and Scrappy Customer Development and Validation
Smart and Scrappy Customer Development and ValidationSmart and Scrappy Customer Development and Validation
Smart and Scrappy Customer Development and Validation
 
Overview of Lean Startup and FastWorks
Overview of Lean Startup and FastWorksOverview of Lean Startup and FastWorks
Overview of Lean Startup and FastWorks
 
Don’t be Uncle Rico via ProductCamp Cincinnati 2014
Don’t be Uncle Rico via ProductCamp Cincinnati 2014Don’t be Uncle Rico via ProductCamp Cincinnati 2014
Don’t be Uncle Rico via ProductCamp Cincinnati 2014
 
How to avoid 6 deadly mistakes when building a digital product 2018
How to avoid 6 deadly mistakes when building a digital product 2018How to avoid 6 deadly mistakes when building a digital product 2018
How to avoid 6 deadly mistakes when building a digital product 2018
 
"Using Data to Set Product Strategy" by Justin Bauer
"Using Data to Set Product Strategy" by Justin Bauer"Using Data to Set Product Strategy" by Justin Bauer
"Using Data to Set Product Strategy" by Justin Bauer
 
Congres Dare to Share for Safety- Safety Mindmarker 29 september 2016
Congres Dare to Share for Safety- Safety Mindmarker 29 september 2016Congres Dare to Share for Safety- Safety Mindmarker 29 september 2016
Congres Dare to Share for Safety- Safety Mindmarker 29 september 2016
 
Strange Days The New Normal
Strange Days The New NormalStrange Days The New Normal
Strange Days The New Normal
 
2016 ehbc ppt communicate welllr
2016 ehbc ppt communicate welllr2016 ehbc ppt communicate welllr
2016 ehbc ppt communicate welllr
 
How to Grow New: Reframing GE FastWorks & How to Engage 250k people, Viv Gold...
How to Grow New: Reframing GE FastWorks & How to Engage 250k people, Viv Gold...How to Grow New: Reframing GE FastWorks & How to Engage 250k people, Viv Gold...
How to Grow New: Reframing GE FastWorks & How to Engage 250k people, Viv Gold...
 
"The 3 Rules Behind The Most Successful Products" by SC Moatti
"The 3 Rules Behind The Most Successful Products" by SC Moatti "The 3 Rules Behind The Most Successful Products" by SC Moatti
"The 3 Rules Behind The Most Successful Products" by SC Moatti
 
How to Integrate Customer Discovery
How to Integrate Customer DiscoveryHow to Integrate Customer Discovery
How to Integrate Customer Discovery
 
How to get buy-in for your people analytics from the boardroom and beyond.
How to get buy-in for your people analytics from the boardroom and beyond.How to get buy-in for your people analytics from the boardroom and beyond.
How to get buy-in for your people analytics from the boardroom and beyond.
 
The Behavior Change Model & The Secret Science Behind Native Advertising
The Behavior Change Model & The Secret Science Behind Native AdvertisingThe Behavior Change Model & The Secret Science Behind Native Advertising
The Behavior Change Model & The Secret Science Behind Native Advertising
 
The Agile Marketing [R]Evolution: How to Harness the Power of Change
The Agile Marketing [R]Evolution: How to Harness the Power of ChangeThe Agile Marketing [R]Evolution: How to Harness the Power of Change
The Agile Marketing [R]Evolution: How to Harness the Power of Change
 
Startup - Task Pigeon - Presentation & Pitch Night Deck - Startup & Angels Ev...
Startup - Task Pigeon - Presentation & Pitch Night Deck - Startup & Angels Ev...Startup - Task Pigeon - Presentation & Pitch Night Deck - Startup & Angels Ev...
Startup - Task Pigeon - Presentation & Pitch Night Deck - Startup & Angels Ev...
 

Similaire à Organic Growth, Global Mindset! (Colin Hodge, MOX Taipei, 11 Apr 2020)

11 Steps To Enterprise Social Media Advocacy
11 Steps To Enterprise Social Media Advocacy11 Steps To Enterprise Social Media Advocacy
11 Steps To Enterprise Social Media Advocacy
George Kobakov
 
Social media is the new glue holding together intergrated campaigns in asia
Social media is the new glue holding together intergrated campaigns in asiaSocial media is the new glue holding together intergrated campaigns in asia
Social media is the new glue holding together intergrated campaigns in asia
Peter M Dingle
 
Managing Chaotic Marketing VSHMPR May 2014
Managing Chaotic Marketing VSHMPR May 2014Managing Chaotic Marketing VSHMPR May 2014
Managing Chaotic Marketing VSHMPR May 2014
Impression Marketing
 

Similaire à Organic Growth, Global Mindset! (Colin Hodge, MOX Taipei, 11 Apr 2020) (20)

Smart Paid Marketing @ SOSV Growth Summit
Smart Paid Marketing @ SOSV Growth SummitSmart Paid Marketing @ SOSV Growth Summit
Smart Paid Marketing @ SOSV Growth Summit
 
Kate Moore - Acquisition the Agile Way: Scaling Marketing from $5M to $25M
Kate Moore - Acquisition the Agile Way: Scaling Marketing from $5M to $25MKate Moore - Acquisition the Agile Way: Scaling Marketing from $5M to $25M
Kate Moore - Acquisition the Agile Way: Scaling Marketing from $5M to $25M
 
Summary Y Combinator Startup School 2019
Summary Y Combinator Startup School 2019Summary Y Combinator Startup School 2019
Summary Y Combinator Startup School 2019
 
Are you a lean mobile startup? Applying lean startup principles to mobile app...
Are you a lean mobile startup? Applying lean startup principles to mobile app...Are you a lean mobile startup? Applying lean startup principles to mobile app...
Are you a lean mobile startup? Applying lean startup principles to mobile app...
 
Startup Keys for Global Expansion (Colin Hodge @ MEET Startups TW by BNext Me...
Startup Keys for Global Expansion (Colin Hodge @ MEET Startups TW by BNext Me...Startup Keys for Global Expansion (Colin Hodge @ MEET Startups TW by BNext Me...
Startup Keys for Global Expansion (Colin Hodge @ MEET Startups TW by BNext Me...
 
How to Release Your Mobile App in 10 Steps
How to Release Your Mobile App in 10 StepsHow to Release Your Mobile App in 10 Steps
How to Release Your Mobile App in 10 Steps
 
Conscious Creatives Impact Communcations Pitch Deck
Conscious Creatives Impact Communcations Pitch DeckConscious Creatives Impact Communcations Pitch Deck
Conscious Creatives Impact Communcations Pitch Deck
 
Growth Hacking Conference '17 - Antwerp
Growth Hacking Conference '17 - AntwerpGrowth Hacking Conference '17 - Antwerp
Growth Hacking Conference '17 - Antwerp
 
11 Steps To Enterprise Social Media Advocacy
11 Steps To Enterprise Social Media Advocacy11 Steps To Enterprise Social Media Advocacy
11 Steps To Enterprise Social Media Advocacy
 
Moz: A New Beginning
Moz: A New BeginningMoz: A New Beginning
Moz: A New Beginning
 
Module 3.0 Mapping The Future
Module 3.0 Mapping The FutureModule 3.0 Mapping The Future
Module 3.0 Mapping The Future
 
Speck media goals worksheet
Speck media goals worksheet Speck media goals worksheet
Speck media goals worksheet
 
Marketing Plan for a Mobile App
Marketing Plan for a Mobile AppMarketing Plan for a Mobile App
Marketing Plan for a Mobile App
 
Creating a Social Media Strategy by Kate Bradstreet Communications
Creating a Social Media Strategy by Kate Bradstreet CommunicationsCreating a Social Media Strategy by Kate Bradstreet Communications
Creating a Social Media Strategy by Kate Bradstreet Communications
 
Why the first 2 stages of Design thinking are important for a startup?
Why the first 2 stages of Design thinking are important for a startup?Why the first 2 stages of Design thinking are important for a startup?
Why the first 2 stages of Design thinking are important for a startup?
 
Grow Your Business with Social Media Marketing
Grow Your Business with Social Media MarketingGrow Your Business with Social Media Marketing
Grow Your Business with Social Media Marketing
 
Social media is the new glue holding together intergrated campaigns in asia
Social media is the new glue holding together intergrated campaigns in asiaSocial media is the new glue holding together intergrated campaigns in asia
Social media is the new glue holding together intergrated campaigns in asia
 
OKRs - Practical tips for getting started from practical experience with doze...
OKRs - Practical tips for getting started from practical experience with doze...OKRs - Practical tips for getting started from practical experience with doze...
OKRs - Practical tips for getting started from practical experience with doze...
 
Managing Chaotic Marketing VSHMPR May 2014
Managing Chaotic Marketing VSHMPR May 2014Managing Chaotic Marketing VSHMPR May 2014
Managing Chaotic Marketing VSHMPR May 2014
 
Online Community Best Practices
Online Community Best PracticesOnline Community Best Practices
Online Community Best Practices
 

Dernier

call Now 9811711561 Cash Payment乂 Call Girls in Dwarka
call Now 9811711561 Cash Payment乂 Call Girls in Dwarkacall Now 9811711561 Cash Payment乂 Call Girls in Dwarka
call Now 9811711561 Cash Payment乂 Call Girls in Dwarka
vikas rana
 
+971565801893>>Safe and original mtp kit for sale in Dubai>>+971565801893
+971565801893>>Safe and original mtp kit for sale in Dubai>>+971565801893+971565801893>>Safe and original mtp kit for sale in Dubai>>+971565801893
+971565801893>>Safe and original mtp kit for sale in Dubai>>+971565801893
Health
 
Jual Obat Aborsi Bojonegoro ( Asli No.1 ) 085657271886 Obat Penggugur Kandung...
Jual Obat Aborsi Bojonegoro ( Asli No.1 ) 085657271886 Obat Penggugur Kandung...Jual Obat Aborsi Bojonegoro ( Asli No.1 ) 085657271886 Obat Penggugur Kandung...
Jual Obat Aborsi Bojonegoro ( Asli No.1 ) 085657271886 Obat Penggugur Kandung...
ZurliaSoop
 

Dernier (20)

How to structure your pitch - B4i template
How to structure your pitch - B4i templateHow to structure your pitch - B4i template
How to structure your pitch - B4i template
 
Karol Bagh, Delhi Call girls :8448380779 Model Escorts | 100% verified
Karol Bagh, Delhi Call girls :8448380779 Model Escorts | 100% verifiedKarol Bagh, Delhi Call girls :8448380779 Model Escorts | 100% verified
Karol Bagh, Delhi Call girls :8448380779 Model Escorts | 100% verified
 
Sector 18, Noida Call girls :8448380779 Model Escorts | 100% verified
Sector 18, Noida Call girls :8448380779 Model Escorts | 100% verifiedSector 18, Noida Call girls :8448380779 Model Escorts | 100% verified
Sector 18, Noida Call girls :8448380779 Model Escorts | 100% verified
 
How Multicultural Toys Helps in Child Development.pptx
How Multicultural Toys Helps in Child Development.pptxHow Multicultural Toys Helps in Child Development.pptx
How Multicultural Toys Helps in Child Development.pptx
 
Dehradun Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Dehradun Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort ServiceDehradun Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Dehradun Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
 
EV Electric Vehicle Startup Pitch Deck- StartupSprouts.in
EV Electric Vehicle Startup Pitch Deck- StartupSprouts.inEV Electric Vehicle Startup Pitch Deck- StartupSprouts.in
EV Electric Vehicle Startup Pitch Deck- StartupSprouts.in
 
Tirupati Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Tirupati Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort ServiceTirupati Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Tirupati Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
 
call Now 9811711561 Cash Payment乂 Call Girls in Dwarka
call Now 9811711561 Cash Payment乂 Call Girls in Dwarkacall Now 9811711561 Cash Payment乂 Call Girls in Dwarka
call Now 9811711561 Cash Payment乂 Call Girls in Dwarka
 
Connaught Place, Delhi Call girls :8448380779 Model Escorts | 100% verified
Connaught Place, Delhi Call girls :8448380779 Model Escorts | 100% verifiedConnaught Place, Delhi Call girls :8448380779 Model Escorts | 100% verified
Connaught Place, Delhi Call girls :8448380779 Model Escorts | 100% verified
 
Bangalore Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Bangalore Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort ServiceBangalore Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Bangalore Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
 
+971565801893>>Safe and original mtp kit for sale in Dubai>>+971565801893
+971565801893>>Safe and original mtp kit for sale in Dubai>>+971565801893+971565801893>>Safe and original mtp kit for sale in Dubai>>+971565801893
+971565801893>>Safe and original mtp kit for sale in Dubai>>+971565801893
 
Dàni Velvet Personal Brand Exploration (1).pptx
Dàni Velvet Personal Brand Exploration (1).pptxDàni Velvet Personal Brand Exploration (1).pptx
Dàni Velvet Personal Brand Exploration (1).pptx
 
Famedesired Project portfolio1 . Fullsail
Famedesired Project portfolio1 . FullsailFamedesired Project portfolio1 . Fullsail
Famedesired Project portfolio1 . Fullsail
 
Sohna Call Girls Service ☎ ️93326-06886 ❤️‍🔥 Enjoy 24/7 Escort Service
Sohna Call Girls Service ☎ ️93326-06886 ❤️‍🔥 Enjoy 24/7 Escort ServiceSohna Call Girls Service ☎ ️93326-06886 ❤️‍🔥 Enjoy 24/7 Escort Service
Sohna Call Girls Service ☎ ️93326-06886 ❤️‍🔥 Enjoy 24/7 Escort Service
 
Jual Obat Aborsi Bojonegoro ( Asli No.1 ) 085657271886 Obat Penggugur Kandung...
Jual Obat Aborsi Bojonegoro ( Asli No.1 ) 085657271886 Obat Penggugur Kandung...Jual Obat Aborsi Bojonegoro ( Asli No.1 ) 085657271886 Obat Penggugur Kandung...
Jual Obat Aborsi Bojonegoro ( Asli No.1 ) 085657271886 Obat Penggugur Kandung...
 
Lucknow Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Lucknow Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort ServiceLucknow Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Lucknow Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
 
Shareholders Agreement Template for Compulsorily Convertible Debt Funding- St...
Shareholders Agreement Template for Compulsorily Convertible Debt Funding- St...Shareholders Agreement Template for Compulsorily Convertible Debt Funding- St...
Shareholders Agreement Template for Compulsorily Convertible Debt Funding- St...
 
JAIPUR CALL GIRLS SERVICE REAL HOT SEXY 👯 CALL GIRLS IN JAIPUR BOOK YOUR DREA...
JAIPUR CALL GIRLS SERVICE REAL HOT SEXY 👯 CALL GIRLS IN JAIPUR BOOK YOUR DREA...JAIPUR CALL GIRLS SERVICE REAL HOT SEXY 👯 CALL GIRLS IN JAIPUR BOOK YOUR DREA...
JAIPUR CALL GIRLS SERVICE REAL HOT SEXY 👯 CALL GIRLS IN JAIPUR BOOK YOUR DREA...
 
Sangareddy Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Sangareddy Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort ServiceSangareddy Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Sangareddy Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
 
NEON LIGHT CITY pitch deck for the new PC game
NEON LIGHT CITY pitch deck for the new PC gameNEON LIGHT CITY pitch deck for the new PC game
NEON LIGHT CITY pitch deck for the new PC game
 

Organic Growth, Global Mindset! (Colin Hodge, MOX Taipei, 11 Apr 2020)

  • 1. 1 "SUCCESS SEEMS TO BE CONNECTED WITH ACTION. SUCCESSFUL PEOPLE KEEP MOVING. THEY MAKE MISTAKES, BUT THEY DON'T QUIT.” —CONRAD HILTON Organic Growth, Global Mindset!
  • 2. 2 Colin Hodge ● Specializes in Organic Growth with a Global Mindset ● Board Member for a Silicon Valley social company with over $200M in annual revenue ● Served as Chief Growth Officer at M17 Entertainment, which includes the #1 livestreaming video company in Developed Asia, 17 Live, overseeing global expansion and helping to launch the biggest markets, as well as leading the marketing team at headquarters in Taiwan ● Served as CEO of 17 Live USA and launched the highly-rated PG video streaming app, LiveAF, in Los Angeles, California ● Grew revenue and users of new or acquired social apps as Head of Paktor Labs, including 20x growth for one app that is now a top-grossing social app in Taiwan ● As CEO & Founder, created and grew viral app DOWN to 6M+ users organically, exiting in successful acquisition ● Studied Computer Science (major) and Business Management (minor) at Cornell University (B.S. 2007)
  • 4. 4 METRIC IDEAS Choose your North Star METRIC and discuss what affects it Brainstorm IDEAS to improve the metric FRAMEWORK FOR GROWING YOUR STARTUP SUCCESS Define what SUCCESS looks like & what you need to improve to reach it! S I LAY OUT Select promising ideas and LAY OUT how to try them EXPERIMENT L E M EXPERIMENT with your best ideas, iterate, and repeat!
  • 5. 5 SUCCESS Define what SUCCESS looks like & what you need to improve to reach it! Ask yourself, "If we vastly improve any area, which would have the biggest effect for us?" Alternatively, what aspect of the company is holding your progress back the most?
  • 6. 6 METRIC Choose your North Star METRIC and discuss what affects it ● Measures how well you are doing with your current definition of SUCCESS ● What aspects of your product/service can affect this metric? ● What's currently running to improve this metric?
  • 7. 7 IDEAS Brainstorm IDEAS to improve the metric Tactics: 1. Psychology: get into the customers' mindset 2. Examples: think how others, like competitors or similar biz in other regions, have attacked this problem 3. Think Big: If you want to increase this metric 10x and money nor time are an issue, what would you do? Rules: 1. There are no bad ideas - be supportive and positive! 2. Use "and" NOT "but" 3. Let people finish expressing themselves without interruptions 4. Record the session: notes, audio, etc.
  • 8. 8 LAY OUT Select promising ideas and LAY OUT how to try them Choose the the top ideas, balancing estimated impact and implementation ability. Plan how you would try the idea to see if it improves the metric. This should be an MVP version at first!
  • 9. 9 EXPERIMENT EXPERIMENT with your best ideas, iterate, and repeat! ● Run A/B tests with acceptable level of risk (e.g. if you don't want to risk revenue too much, set your baseline variant at 80% and the new variant at 20%). ● Ensure results are statistically significant (95% confidence interval). ● Look for 🎇 sparks 🎇 of potential growth - results where a key metric moves significantly - and then pour gasoline on by focusing experiments in that area. ● Iterate on many different variations of tests, if possible, to ensure that you find the best way to communicate it to your customers. ● Repeat the LAY OUT & EXPERIMENT steps with promising ideas until you find a spark to focus on.
  • 10. 10 METRIC IDEAS Choose your North Star METRIC and discuss what affects it Brainstorm IDEAS to improve the metric REMEMBER TO SMILE! SUCCESS Define what SUCCESS looks like & what you need to improve to reach it! S I LAY OUT Select promising ideas and LAY OUT how to try them EXPERIMENT L E M EXPERIMENT with your best ideas, iterate, and repeat!
  • 11. 11 PREP YOUR QUESTIONS! 1. Your first name 2.Your 1 sentence startup pitch / description 3.What growth challenge are you currently facing? 11
  • 13. 13 Background ❏ Voice call social matching app based in Taiwan ❏ Before I started consulting with them: ❏ ~ 2k DAU and $0 Revenue ❏ Grew only through word-of-mouth and forum posts ❏ Team of ~ 3 13
  • 14. 14 Initial Focus We decided to focus initially on critical mass in the market (Taiwan), to boost usefulness and enable greater network effects. Our first North Star Metric: Monthly Downloads Through experimenting with App Store Optimizations, formalizing the process and expanding effort on forum posts, and garnering news coverage, we were able to increase downloads by 500% in the first 3 months. 14
  • 15. 15 Second Focus After jumpstarting their Monthly Downloads, we updated the focus. Our second North Star Metric: Week 1 Retention We set up measurements for onboarding funnels, match success rates, push notifications, etc. We were able to increase week 1 retention by 200%+ in the next 2 months. 15
  • 16. 16 Third Focus With the active user base growing rapidly, we started to focus on revenue. Our third North Star Metric: Conversion to paid users We rolled out multiple pricing experiments for the core feature, testing a subscription with and without a trial, for example. As we landed on an optimal payment structure, we expanded the revenue sources to another feature as well. Within 6 months, we increased monthly revenue from $0 to $100,000s per month. 16
  • 17. 17 Overall Results Within 18 months, we: - Increased DAU by ~ 30x - Grew the userbase ~ 25x - Grew annually recurring revenue (ARR) to $MILLIONS 17