-There hasn’t been enough iteration and experimentation in this category — This needs to be treated as a core focus for community leaders, and feedback loops need to be tightened. Governance mining has a lot of promise, but will require time and effort to be perfected.
Let’s look at uncertainty first. This is especially important in media, because content is, for the most part, consumable. This creates a problem that we all must solve for ourselves each day: finding new good things. This is why branding is so important in content. Most content out there is junk and not right for us. But some of it is amazing. Bra... See more
Existing Recurring Behavior vs. New Recurring Behavior (A+) One of the most compelling aspects of The Farmer’s Dog investment was that the service tapped into an existing recurring customer behavior. Pet parents purchase food on a recurring basis, and dogs eat the same food multiple times per day for their whole lives. Unlike humans, who feel the n... See more
Jeff Bezos has a wonderful quote about this: “Invention requires a long-term willingness to be misunderstood. When you do something that you genuinely believe in, that you have conviction about, for a long period of time, well-meaning people may criticize that effort. To sustain yourself over this time, you can’t look for accolades, and you can’t r... See more
The second most consistent pattern across these companies was an inseparable alignment between the product roadmap and the growth engine. Surviving in B2C is all about finding an efficient (aka cheap) growth channel.