Archive for the ‘quoted’ Category

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1% will create content, 10% will engage with it, and 100% will consume it.

Sunday, June 12th, 2011

There is a 100/10/1 “rule of thumb” with social services. 1% will create content, 10% will engage with it, and 100% will consume it. If only 10% of your users need to log in because 90% just want to consume, then you’ll end up with the vast majority of your users in the logged out camp. Don’t ignore them, build services for them, and you can slowly but surely lead them to more engagement and potentially some day into the logged in camp.

(source)

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Customers

Sunday, January 23rd, 2011

A customer is the most important visitor on our premises. He is not dependent on us. We are dependent on him. He is not an interruption of our work. He is the purpose of it. He is not an outsider to our business. He is part of it. We are not doing him a favour by serving him. He is doing us a favour by giving us the opportunity to do so. — Mahatma Gandhi

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Every big market or successful business will attract competitors

Tuesday, December 28th, 2010

[...] It’s good to know the market but the competition is irrelevant. The market is big. Winning comes by knowing the customer better, executing better, and continuing to work on the problem after sane people have cashed out. If a competitor is going to scare you, you shouldn’t have started a business in the first place. Every big market or successful business will attract competitors anyway. Always assume competition. — Babak Nivi, Venture Hacks

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What is the best way to evaluate a potential startup to work at full-time?

Sunday, December 26th, 2010

One vector:

“I always recommend to select an early-stage start-up by evaluating who your manager will be, a far narrower task and one that is often manageable earlier in your career with less beta than assessing the prospects for a startup.

If your manager is stellar, at a minimum, you will learn and stretch your abilities. Moreover, if your manager is an outstanding engineer or director of something or first-class entrepreneur, he will have many exciting opportunities in next 1-10 years and if you are talented and display an outstanding work ethic he will be begging you to join him at his next endeavor.” — Keith Rabois

This is very accurate. Well said, Keith.

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Humans optimize short-term happiness vs. long term healthiness

Tuesday, December 14th, 2010

Our brain’s pleasure circuits lead us to optimize short-term happiness (cake!) over long-term healthiness (obesity, coronary heart disease, diabetes). — Aza Raskin, Mozilla

Something to reflect on.

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