Jordan Bester

4.   Retention accelerates payback period: -  Payback period is the time it takes to break  even on the cost to acquire a customer.  It also determines how fast you can start reinvesting in acquisition to fuel growth.  Improving retention can help shorten your payback period to grow faster.

------

Show Notes:

( 00:00 ) - Intro

( 00:40 ) - Anand's Background

( 04:01 ) - "Sawdust Data" businesses

( 08:17 ) - Tiny but growing niches

( 12:38 ) - Daily executive briefing email

( 17:32 ) - Pricing data business

( 24:06 ) - Broke & Busted College Rankings

( 30:33 ) - McCormick Spice Competitor

( 41:59 ) - How To Manage And Sel

... See more

Projects like Ceramic allow users to take their data with them across the internet. Two contributors highlighted this open-source protocol, describing how it could change how we build and interact with on-chain applications.

Celine Joshua, founder of 10:22PM and the creator of KINGSHIP, said: “With KINGSHIP, the impossible is possible.

Web 3 is the next step of the Internet. It is currently still being built, so there is no single, established definition yet of what Web 3 is or will be.In general, however, Web 3 refers to an Internet that is made possible by decentralizednetworks, such as Bitcoin and Ethereum. The key innovation of these networks is the creation of platforms that... See more

-  Constraints force you to get something done. Ask yourself - "  What constraints are you setting for yourself?  What type of schedule do you have for your goals?" 

- Shawn used this approach to stop smoking. “I decided to quit smoking and used a fun-sized Snickers candy bar as a substitute until the major cravings went away. I'm still smoke-free years later.”

- The creative process is the ability to relate old and new ideas. This means creative thinking is the task of recognizing relationships between concepts.

- How do they see work fitting in their life? Does the style match? (Mornings vs late, hours, etc.)- Level of process and improvisation – how are decisions made, how well are things spec’d and defined, etc.- Mutual goals and motivations – money versus serving a goal versus learning versus others- What stage of startups do they like? Seed, mid, late... See more