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“Although they, once again, knew nothing about the island, they decided to sail for it, belatedly realizing that the potential terrors of an unknown island were nothing compared to the known terrors of an open boat in the open ocean.”
― In the Heart of the Sea: The Tragedy of the Whaleship Essex
― In the Heart of the Sea: The Tragedy of the Whaleship Essex
“A successful new product should be able to answer detailed questions: Who is the hard side of your network, and how will they use the product? What is the unique value proposition to the hard side? (And in turn, the easy side of the network.) How do they first hear about the app, and in what context? For users on the hard side, as the network grows, why will they come back more frequently and become more engaged? What makes them sticky to your network such that when a new network emerges, they will retain on your product? These are difficult answers, and require a deep understanding of the motivations of your users. The motivations of the hard side depend on the product category—content creators have different goals than marketplace sellers.”
― The Cold Start Problem: How to Start and Scale Network Effects
― The Cold Start Problem: How to Start and Scale Network Effects
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