The Cold Start Problem Flashcards
1
Q
What are the two main points in the growth acceleration curve, and how are they defined?
A
Allee threshold - tipping point where network growth happens organically
Carrying capacity - where the network size itself starts to decrease growth trajectory
2
Q
What are the five stages of the cold start theory?
A
1) Cold start problem
2) Tipping point
3) Escape velocity
4) Hitting the ceiling
5) The moat
3
Q
What is important to forecast about the size of the network in advance of product launch?
A
A hypothesis for the size of the network to become self sustaining or hit the tipping point
4
Q
What is important about the size of your initial product launch market?
A
Keep it super small - to an “atomic network”
- Limited features
- Dead simple value proposition
- Smallest possible network
- Do whatever it takes to get momentum