What’s the difference between an app that grows exponentially and an app that fizzles? The answer is retention. While things like customer acquisition, growth rate, etc. are important, they are not the most important. User retention is the foundation of growth. This article, based on tests on four different apps, highlights the three things that result in a positive user experience and superior retention.
A great article from T. A. McCann about how he had all but closed a massive funding round, when he decided to call it off. A timely reminder, in these days when everyone thinks they’ll raise funding and be golden, of how taking capital cuts your options.
Are you willing to spend 5-10 years working on an idea, when you don’t even have confidence that it’ll work?
A great resource for those among us who have term sheets (lucky you!) and are trying to figure out what all the clauses mean. Liquidation preference, anti-dilution, drag along, tag along, etc. - if you don’t know what these critical terms mean or have only a fuzzy idea, read this. And bookmark it for future reference.