lessons learned week #1, energia de portugal 2014- primetag
DESCRIPTION
Lessons Learned Week #1, Energia de Portugal 2014- PrimetagTRANSCRIPT
Team
Product - problem
Product - solution
Product
Product – how it works
Competition
Differentiation
Differentiation
Visits Clicks
Main accomplishments
Challenges
1. Business model2. Scaling3. Execution
Lessons
1. Investor or Customer?2. Time or money?3. Just sell or smart sell
Lessons
Sell first, raise money and expand later. Why?
1. You ll get to know your customer a lot better (spend a lot more time focusing on the issues of your clients and what rentable ways can you offer them
2. Leverage your power with investors (everyone will want to take a bite)
3. It makes you hungry (most people soften up after finishing a fundraising)
1. Investor or Customer?
Lessons
2. Time or money?
Money depends on time. Why?
Iterate quick – Validate assumptions - Benchmark – Strategic planning - Execution
And
If you don’t spend time bullshitting on things than don’t help your business to grow
Time changes money. Be smart using your time!
Lessons
3. Just sell or smart sell ?
I don’t know. Test it out.
Use both and see which one is more profitable. Calculate the CAC and LTV. It all becomes more clear! Then, choose the best and quickiest way.