Fact: It’s super hard to imagine very large numbers. Take a moment and try to picture a mountain that is 50,000 km high, or a pile of $20 billion! Close your eyes for a moment and try to visualize that giant rock or massing mountain of $$$. And with massive amounts of bits and bytes, it’s no difference. What it means to have millions of observations to process, is just mindblowlingly tough to image a priory. But it gets so much easier once you start working with it.
After weeks of developing the Foodpanda Apps we couldn’t wait to get them into the hands of hungry customers all over the world. Following the launching early mantra our app was far from perfect. But it was was working and generating revenue. However, thinking back to that moment now it is clear that we were not ready.
I’m currently enrolled in my second course on Coursera. I can’t help but wondering how amazing it is to be given the chance to learn whatever you like from great teachers. Needless to say that I’m a big fan of the whole concept of free online education. However, I’m still not convinced that Coursera will make universities obsolete.
One of the things I’ve learned from my involvement in the development of the Foodpanda apps is that you simply cannot test enough. Although we have apps in 26 countries the same learnings apply to everybody out there just starting out. QA is key.
I have recently stepped down from my position as Director of Rankpanel. The time I had there was full of what I consider important learning that should help me get in the future. I’m very thankful for Chris and the Rankpanel team to have given me the opportunity to lead that project. In this post I’d like to sum up the 5 most important learnings from running an early-stage startup.
You know, ad-supported businesses are not that deck anymore. So all consumer startups are searching for alternative ways to make some money$. Why not make users pay for…say no ads, or better features, or better looks? Surely this will work much much better and soon your company will need David Hasselhoff to rescue you from the all the $$$ you’ll be about to drown in, or will it? Continue reading
In most Startups a lot of attention is usually given to the growth model of startups. While for SaaS companies growing the user base is important, growth rate is often a vanity metric. What you should rather be focusing on is sticky growth. In this post I show how to calculate the sticky growth rate for Freemium businesses and show a few steps to increase activity. Continue reading
A few weeks ago, we’ve finally launched Rankpanel to the public. The launch took place without a huge boom but we’re able to continually add active users. We have launched with an absolute MVP: The MVP was just as minimal as it could be including bugs in front and backend, no clear idea about who our customers will be, and an incomplete team. In this post I will elaborate on what I have learned from the launch. Continue reading
Recently Twitter announced to open an official Berlin German HQ. The time is right as
the Germans never really got warm with the global Service. The challenges are big, though, and only time will tell whether or not Twitter will succeed in driving German Twitter adoption. I, for sure, hope to find more Germans on Twitter in the future.
Almost any discussion related to improving healthcare, whether it implicates reducing costs or improving patient outcomes and satisfaction, usually has technology as a core component. Technology, in and of itself will not solve the problems, but used appropriately it will contribute to the transformation of healthcare, as it has in many other industries. Comparably to internet business where the US is leading it looks like the same thing could happen in healthcare, too. Obviously, the US is under the most pressure to change their healthcare landscape but that shouldn’t push us Europeans in the spectator / copy role where we find ourselves in E-Commerce and Social-Mobile.