What’s the best way to prioritize product features?

Brian de Haaf (Co-founder and CEO @ Aha!)
How to Say “No” to Your CEO’s Random Product Ideas

Here’s how to [prioritize]: 1. Goal first. Set your product strategy and then be proactive about communicating it within the rest of the organization. Define your vision and make sure everyone understands it, then your strategy can say, “No” for you. 2. Score ideas. You should rank features and prioritize the ones that will have the greatest impact on the product and the company. 3. Share your roadmap. Our product team shares our roadmap regularl… (read more)

What’s the best way to prioritize product features?

Ben Erez (Product at Breeze)
22 Mistakes I Made as a First Time Founder — Viabilify

Anyone can get a potential customer to say they’re interested in something by asking the right questions. The only form of interest that ended up mattering to us from a potential customer was a full integration of their mobile presence, inventory and customer relationship processes into our software.

What’s the best way to prioritize product features?

Ben Yoskovitz (VP Product at VarageSale, VP Product at GoInstant (acquired by Salesforce), Author of Lean Analytics)
Customer Support is the Ultimate Learning Experience

Most often, you just don’t know what people are going to do when they get their hands on your product. And customer support is the learning engine that can drive the company forward in terms of resolving usability issues, fixing bugs, prioritizing features, increasing virality/word-of-mouth and more.

What’s the best way to prioritize product features?

David Jackson (Founder, Seeking Alpha)
What problem are you solving? | A Founder’s Notebook

Explicitly articulating the user need and the proposed solution exposes your assumptions and makes it easier to test them (eg. with a survey) and entertain alternative solutions. This isn’t limited to product. In Seeking Alpha, we often talk about backing into the question. “Hey, I’ve had this great idea!” “What question is that idea answering?” “Ah, here’s an even better answer to that question…”

What’s the best way to measure product usage?

Ben Erez (Product at Breeze)
22 Mistakes I Made as a First Time Founder — Viabilify

In hindsight, seeking positive feedback was toxic. It was toxic because it was giving us the impression we were on the right track. I mean, we were on the right track, but we were moving at 1 mph on a track built for bullet trains. Now I know that shipping product, getting sales and not running out of money are the most important things for a B2B startup.

What’s the best way to manage your board?

Fred Wilson (Co-Founder and Partner at Union Square Ventures)
Great Entrepreneurs Will Listen To You But Will Follow Their Own Instincts – AVC

Most of the time the entrepreneur will have a better feel for their product vision than the VC will. But there are times when what the entrepreneur is doing is not working and the VC will have to figure out how to get the entrepreneur to see that. I have learned to trust the entrepreneurs instincts until it is very clear I should not. Finding that line is art and not science and takes a lot of experience. And I still get it wrong from time to tim… (read more)

What’s the best way to manage your board?

Slava Akhmechet (Founder at RethinkDB)
57 startup lessons

Most investor advice is very good for optimizing and scaling a working business. Listen to it. Most investor advice isn’t very good for building a magical product. Nobody can help you build a magical product — that’s your job.