4 ms·
define a cohort. Say, people who signed up during a given month = 12 cohorts per year Or people who signed up during a given week = 52 cohorts per year Then,
by mygo 7y ago
define a cohort.
Say, people who signed up during a given month = 12 cohorts per year
Or people who signed up during a given week = 52 cohorts per year
Then, given a set of cohorts, what percentage of people per cohort are retained over time?
- StavrosK 7y agoAh, so basically the GP is saying "your users should be sticking around"?
- koonsolo 7y agoAt some point, no more users should leave. For example after registration week 1, retain 60%, week 2 30%, week 3 10%, week 4 1%, week 5 0.1%. In that case, you don't have PMF. Unfortunately my numbers look a lot like this :,( But assume week 4 has 10% and week 5 has 10%, that curve flattened out at 10%, and so you have product market fit.
- mygo 7y ago> Unfortunately my numbers look a lot like this :,( Fortunately you have a mathematical equation at your disposal that helps tell you this so that you can feel confident in trying something different and seeing how that effects PMF