Chapter
The Fallacy of Hitting a User Target
43:56 - 48:36 (04:40)
A lot of founders get obsessed with user targets, but it's more important to focus on retaining the users you already have and creating a product they love. Once you have a strong user base, hiring experienced scaling experts can help you navigate the challenges of growth.
Clips
The base case is typically that startups worry too much about scaling too early instead of creating a product that people will love.
43:56 - 46:58 (03:02)
Summary
The base case is typically that startups worry too much about scaling too early instead of creating a product that people will love. Scaling will eventually come, but the focus should be on building a great product first.
ChapterThe Fallacy of Hitting a User Target
Episode#243 – Kevin Systrom: Instagram
PodcastLex Fridman Podcast
The success of a startup is often measured by the number of users or clients, but it's important to also track cohort analysis to understand trends and network effects.
46:58 - 48:36 (01:37)
Summary
The success of a startup is often measured by the number of users or clients, but it's important to also track cohort analysis to understand trends and network effects. This helps startups focus on retaining current users and improving the service for future cohorts.