Prioritize real names over aliases
ProductUnless a product is public-facing like Twitter, users prefer interacting with real names rather than managing unique network-specific identities.
3 more supporting quotes are in the member records.
Hall of Masters
Andrew Chen
앤드루 첸
General partner at Andreessen Horowitz, author of The Cold Start Problem
809 records in all
- Principles 305
- Episodes 139
- Quotes 365
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Principles
46 basic records of 305
Principles are our summary of their public statements.
Don't defer your ultimate goal
FocusIf the goal is to build a massive startup, starting with a small lifestyle business can be a distraction rather than a stepping stone.
Supporting quotes
In general, it's my belief that most of the knowledge isn't that transferable, and you are better off just trying to do the VC-backable startup from scratch, rather than deferring that experience.
Source Andrew Chen Building Lifestyle Companies Versus Vc Backable Startups Is It Walk Before You Run (opens in a new tab)
2 more supporting quotes are in the member records.
Distinguish speed from novelty
HiringA smart person solves problems faster than others, but a genius finds a unique solution that others would never reach regardless of time.
1 more supporting quote is in the member records.
Data-Driven Yield Optimization
MarketingEffective inventory management requires longitudinal sales data across all accounts and channels to measure trends and optimize pricing.
Supporting quotes
Need to actively manage secondary channels, both to maximize yield and to safeguard strategic position
Source Andrew Chen Internet Advertising Bureau And Bain On Pricing In Online Ad Markets, 2008 (opens in a new tab)
1 more supporting quote is in the member records.
Prioritize Email for ROI
MarketingEmail marketing remains one of the most powerful tools for generating a high return on investment compared to other channels.
1 more supporting quote is in the member records.
Study global business models
Finding ideasEntrepreneurs should look beyond their local market to find innovative business models in other regions, such as Asian social networking sites.
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