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The star analyst is now a data scientist, a private equity associate is tasked with reinventing a company’s IT instead of engineering its finances, and the marketer is now a “growth hacker” running A/Btests. The first problem I’ve observed has to do with onboarding generalists. READ FULL BIO. Read More.
And add it to the onboarding flow, and at the end of key transactions when the user is otherwise done, and you might as well capture engagement. In the end, probably just worth A/Btesting to see what works best. Or what if improving a referral program takes engineering team away from critical features? The Payback.
If your product requires word-of-mouth to convince most people to start using it, you can engineer more growth by building an incentivized referrals program. product, marketing, engineering, data science, design, content, and finance. Question: Where else can you include a call-out to consider becoming a “host”?
Of course, as an investor you can’t run A/Btests or analyze results directly, but you can form hypotheses, ideate, and apply the same type of thinking. This includes CEOs/founders, VPs, PMs, marketing folks, data science, engineers, and so on. Education during onboarding helps too. This is your forecast.
It requires the founders to be very involved onboarding users, sometimes one-by-one, into the product. Or if you just put X engineers on Y product optimizations, then the growth rate increases by Z. There were projects to help with A/Btesting (Morpheus!),
If your product requires word-of-mouth to convince most people to start using it, you can engineer more growth by building an incentivized referrals program. product, marketing, engineering, data science, design, content, and finance. Question: Where else can you include a call-out to consider becoming a “host”?
Why onboarding is so important for retention/churn. And the placements that OpenTable got in the restaurant book both physically in the restaurant but particularly in the restaurant’s website was the key engine that got the network effect started. They have to get, you know… Sonal: It’s like the onboarding experience.
There’s a long laundry list of skills that are critical, but not often considered core to the product: adtech integrations, signup funnel A/Btesting, optimizing notification delivery, testing price points, testing cohort curves, etc. You’d want an Android and iOS engineers.
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