3 ms·
"(I'm working on a simulation engine for this kind of stuff.)" How do you calibrate it for a specific market?
by roel_v 13y ago
"(I'm working on a simulation engine for this kind of stuff.)"
How do you calibrate it for a specific market?
- tlb 13y agoThere's no silver bullet. Version 1 will at least let you capture your assumptions about how you think your market works and how your product will get traction in it. As you gain experience in the market, you'll be able to refine the model and make better comparisons among alternative growth strategies. Eventually I'll try to curate a library of market models and startup plans that did or didn't work in them.
- roel_v 13y agoBut what drivers do you model? Consumer behavior and preferences, or just abstract business metrics? I.e.: do you put into your model what is typically an indicator on a dashboard - TLV, retention rate, etc, or do you derive a model of your customers from past data and build scenarios of changes in customer behavior?