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Cool, thanks for the followup. I guess I could have phrased it better myself. My experience was, after investment, we brought in (as cofounders) a really exper
by barnaby 17y ago
Cool, thanks for the followup. I guess I could have phrased it better myself.
My experience was, after investment, we brought in (as cofounders) a really experienced team of marketing professionals (one from a big name, like Oglivy, and another who ran online marketing for a major bank). We had business metrics, we measured progress of focus groups, interviews, surveys, etc. The kind of metrics corporations use to "save money by making cheap mistakes on paper during planning instead of making expensive mistakes in production".
If I had to do it all over again I would have just built the wrong thing, and delayed the cost of finding the product/market fit until I raised more money with that wrong thing. Because metrics against a bright and shiny object, even the wrong object, are perceived as more valuable than metrics that bring you closer to building the right object in the first place.
- phil_KartMe 17y agoi whole heartedly agree with your statement that "metrics against a bright and shiny object, even the wrong object, are perceived as more valuable than metrics that bring you closer to building the right object". That was my experience with showing people "designs" that were moving us in the right direction. I got 0 credit for that. I had to show the designs live (i.e., shiny) and with user traffic data (i.e., metrics) as proof.