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sassal.bsky.social
Technology
@sassal.bsky.social
8/Watch the full “How and Why to Start a Startup” lecture from Sam Altman & Dustin Moskovitz here:

youtu.be/ZoqgAy3h4OM?...
November 15, 2023 at 2:18 PM
7/That’s a good early indicator of users that love you—better still is them spontaneously telling their friends to buy your product.”
November 15, 2023 at 2:17 PM
6/“In fact, I think this is so important that you actually shouldn’t track absolute growth in number of users in the early days of a startup. You should just track how often they’re using it…
November 15, 2023 at 2:16 PM
5/“With high confidence, I can say that you want to start with a small number of users that really love you. Almost all great companies have products that start this way.”

He argues that a good indicator of users loving your product is retention and frequency of use:
November 15, 2023 at 2:16 PM
4/Shallow and Wide: “You can have a lot of people that sort of use the product once or twice and kind of like it and try to figure out how to get them more engaged over time.”
November 15, 2023 at 2:15 PM
3/Deep and Narrow: “You have a small number of users that really love you and then find out how to find more and more of those users and broaden the appeal of the product.”
November 15, 2023 at 2:15 PM
2/“It is more important to have a small number of users that love you than a lot of users that like you… Eventually what you want of course is a lot of users that really love your product, but that’s almost impossible to do.”

In practice, you have two choices:
November 15, 2023 at 2:14 PM