3 ms·
Let's just add in a little virality
- chris100 17y agoMint's founder on virality (paraphrased): his product had essentially no virality (no one shares their bank stories with their friends) so he focused instead on good old PR: making sure he'd be in the news as much as he could. So much for virality :-)
- nex3 17y agoInterestingly, just a couple days ago I was talking about Mint to my friends...
- tomjen2 17y agoTrue, but you properly wasn't using Mint with your friends the way you would use Facebook, etc. "Nex3 is paying of his credit card bill. Remaining amount $12158" is properly not something you want to share with your friends.
- wavesplash 17y agoI think Josh's point was not that you needed virality. Virality is just one way to get distribution (albeit a very efficient way). Josh's point was that distribution (aka Customer Acquisition) is hard and you can't just 'bolt virality on' as an afterthought.
- zaidf 17y agoThis is the single biggest change in how I filter ideas these days. Few years ago between two competing ideas, I would go with the "cooler" one(ie. one I liked more). These days I start out thinking about any idea from the perspective of distribution. If I have an idea with no clear path of distribution(and revenue), it is an automatic no-go. I think a lot of Valley folks have learned this in past few years. It can't be a coincidence that VCs in general are blogging more about sales: http://southeastvc.blogs.com/southeast_vc/2009/11/vcs-hear-it-all-of-the-time-entrepreneurs-say-they-have-the-best-software-for-xyz-industry-they-tell-us-how-their-software.html http://southeastvc.blogs.com/southeast_vc/2009/11/vcs-hear-i...
- gaborcselle 17y agoI think the genesis of this line of thought was actually Steve Blank's stuff, not VCs.
- zaidf 17y agoTrue in that Blank's been saying this for a while. But VCs only recently have started openly blogging/talking about distribution and sales openly.
- theprodigy 17y agopeter thiel has said it before as well. if you don't have solid distribution and you are a consumer internet company your company is worth nothing. http://www.youtube.com/watch?v=4SRfBaKAiUM http://www.youtube.com/watch?v=4SRfBaKAiUM at 2:37
- zaidf 17y agoTotally makes sense, especially having read the book PayPal Wars where the author--who led PayPal's marketing--talks of day to day strategies that helped PayPal acquire users consistently and cheaply.
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- frodwith 17y agoI'm really beginning to hate this terminology (virality). It just sounds retarded.
- deleted 17y ago[deleted]
- decode 17y agoIt's also worth noting that it can actually hurt your image if you try to bolt on virality when you don't know what you're doing. You can become a laughing stock. I'm reminded of recent failures by two of the largest engineering companies in the world. Microsoft: http://www.istartedsomething.com/20090917/windows-7-now-with-extra-street-cred/ http://www.istartedsomething.com/20090917/windows-7-now-with... Siemens: http://www.lc-d-825.com/ http://www.lc-d-825.com/
- InclinedPlane 17y agoAh yes, the Poochy the Rockin' Dawg theory of application development: "Hmmm, add in a little more MVCness." "OK, good, can you make it about 30% more AJAXy?" "It needs more social networking, can you do that?" "Now, how about adding in a pinch of virality?" "What about crowd sourcing? Can you add more crowd sourcing?" "Is there some way we can leverage synergies in the cloud?" "Excellent, ship it!"