Episode 284 | Key Takeaways from MicroConf 2016
Link: Startups for the Rest of Us
The hallway (conversations) are as valuable as the notes from the talks.
The first thing you should think about in your development cycle is improving a feature. The second one is getting more people to use that feature. The third thing is getting people to use that feature more often. The fourth thing is to build another feature.
Think about how you can gain trust rather than get more money.
- Be early to a space
- Who you know (your network)
- Who knows you (your audience)
- Growth expertise
Flip-flopping between funding and bootstrapping for the same business is bad because the priorities are so different.
Have world-class churn (2-3% range) before you scale.
If you are above 10% (in churn) then your business is no fire. (not in a good way)