21–27 of 27 posts
Hi Guys, Are you planing to offer sophisticated seller,buyer,transaction feedback system to attract repeat sellers and buyers? P.S Similar to http://pages.ebay.com/help/feedback/scores-reputation.html Thank you!
I too saw your talk at startup school, wish I had the opportunity to speak to you both personally; but I'm glad you all are here answering questions. I found some of the examples given on how to solve the chicken and egg issue very interesting and helpful to the dilemma I'm currently facing with my company. Do you mind sharing additional failed and successful strategies to gain and balance customers within the AptDec…
Balancing the chicken and egg is definitely a big challenge. My advice to you is if you can find one side of the market easier to attract then initially focus on that. If you're just starting you'll need to figure out how to get supply (or hack supply). Then spend time on getting demand. Then, repeat.
Profitability although good can be deceiving, companies get killed if they don't grow as fast(10x) as the competitors. Should one be careful about being "just" profitable?
There are many ways to become a large company. You only hear about the hyper fast growth with zero concern for the bottomline.
As far as competitors are concerned, you can't control what your competitors do but what you can control is building a business that will stand the test of time. Competitors come and go, so if you pay too much attention to them you'll end up losing focus.
Profitability although good can be deceiving, companies get killed if they don't grow as fast(10x) as the competitors. Should one be careful about being "just" profitable?
It's definitely a balance. Now you don't want to grow slow enough where you're not seeing any growth month over month or year over year. The perception these days is that profitability = slow growth. That's not the case at all. We've continued to grow fast but made it a priority to control expenses in order to be default alive. There are many ways to become a large company. You only hear about the hyper fast growth w…
But the hyper growth company also have a risk of dying because of no funds.
So, either situation is tough.
Profitability although good can be deceiving, companies get killed if they don't grow as fast(10x) as the competitors. Should one be careful about being "just" profitable?
It's definitely a balance. Now you don't want to grow slow enough where you're not seeing any growth month over month or year over year. The perception these days is that profitability = slow growth. That's not the case at all. We've continued to grow fast but made it a priority to control expenses in order to be default alive. There are many ways to become a large company. You only hear about the hyper fast growth w…
Great video! I just watched the presentation and it was really insightful. It's always interesting to hear how others solve the chicken and egg problem. It'd be nice to see a resource similar to Founders at Work just for chicken and egg problems and solutions. If anyone knows of something like that that already exists, please let me know!