What’s the best way to scale your organization?

Fred Wilson (Co-Founder and Partner at Union Square Ventures)
MBA Mondays: When Its Not Your Team – AVC

Company building is not this simple, but I do like to think about it terms of two stages. Getting the product right and customers/users scaling. Then scaling the company and the team. If you aren’t doing the first, you mostly don’t need to worry about the second. There are occasional team issues in the first stage you need to deal with but they aren’t the big thing you need to focus on. The big thing you need ot to focus on is the product and its… (read more)

What’s the best way to scale your organization?

Sam Altman (President at Y Combinator)
Startup Advice – Sam Altman

Here is some of the best startup advice I’ve heard or given (mostly heard): (a) Make something people want and (b) A great team and a great market are both critically important—you have to have both. The debate about which is more important is silly.

What’s the best way to measure your company?

Slava Akhmechet (Founder at RethinkDB)
57 startup lessons

Sales fix everything. You can screw up everything else and get through it if your product sells well. Product comes first. Selling a product everyone wants is easy and rewarding. Selling a product no one wants is an unpleasant game of numbers.

What’s the best way to measure product usage?

Josh Kopelman (Partner at First Round)
Founder Office Hours With Chris Dixon And Josh Kopelman: Schedit | TechCrunch

“The real data is retention and repeat usage. ” Startups that focus on the real metrics can make their products better, attract more customers, and make them happier.

What’s the best way to know if you have product market fit?

Jerry Neuman (Venture Capitalist at Neu Venture Capital)
How to kiss your elbow | Reaction Wheel

Marc Andreessen says “you can always feel product/market fit when it’s happening. ” Unfortunately, this is simply not true. In B-to-B startups you can have a lot of buzz and a few amazing clients banging your door down and still have a product that doesn’t really do much. Or you can have a product that is absolutely amazing that great clients are beta-testing but that no one is paying for.

What’s the best way to know if you have product market fit?

Mariya Yao (Founder at Xanadu)
Lessons Learned: Rapid Iteration for Mobile App Design

the question Sean Ellis popularized, where you ask your users, “How disappointed would you be if you could no longer use our product?” and have them answer with either, “Very Disappointed,” “Somewhat Disappointed,” “Not Disappointed,” or “I no longer use the product. ” Sean did research across hundreds of startups and discovered that companies that had fewer than 40% of their users answer “Very Disappointed” tended to struggle with building a suc… (read more)