Product Habits - A hype-free overview of web3 marketing

 Hiten's Pick 

103 Bits of Advice I Wish I Had Known

Kevin Kelly just celebrated his 70th birthday and shared a list of things he wishes he'd known when he was younger. Some of them are funny; others are more serious. The whole list is worth reading. A few of my favorites:

  • Don't ever work for someone you don't want to become
  • Don't believe everything you think you believe
  • Whenever there is an argument between two sides, find the third side
Check out his complete list here.
 Business 

Growth vs. Profitability

I can't tell you how often I've seen early-stage entrepreneurs choose growth over profitability. There are certainly use cases for prioritizing development, but in my experience, it's usually a trap. Most of the time, it's best to stay small and nimble until you nail product-market fit. Once you hit a breakeven or profitable point, you can switch your focus to growth

Closing a $60k SaaS Acquisition

This is a short and sweet post about how one investor closed a $60k micro-SaaS acquisition. The deal metrics and acquisition process details are illuminating. I'd be curious to see what these numbers would look like for other products and investors. 

 Product 

Code-First vs. Product-First

Here's an interesting take: There are two kinds of programmers—the ones who care more about code and the ones who care more about product. The former focuses on things like tools, libraries, and languages used. The latter spends more time on the support, scaffolding, and steel beams of the product. I lean product-first. How about you?

How To Kill Innovation

If you're a product manager, this cautionary tale is a must-read. The thread explains how PMs can start a new role with good intentions but unintentionally kill innovation. Great ideas are fragile and often sound silly when you first hear them. You may get a more realistic product if you shoot them all down, but it won't be innovative. Don't confuse prioritization with killing ideas

 Marketing & Sales 

A Hype-Free Overview of Web3 Marketing

Whenever a new channel emerges, marketers are usually among the first to figure out how to leverage it. Now they're turning their focus to NFTs and the rise of Web3. You'll enjoy this overview of how marketing has evolved alongside the web and where Web3 marketing is headed next

How To Leverage TikTok To Grow Your Email List

Building a social media audience is a worthwhile marketing goal, but you ultimately don't own your list no matter how successful you are at it. If you're investing in social media, it's worth doubling down on converting your audience over to email. Here are four of the best strategies.

 Growth 
Wordle Drove Millions of New NYT Users

The New York Times purchased the viral hit game Wordle for a seven-figure sum back in January. Since then, the media company says the game has been responsible for "tens of millions of new users to The Times." Though the growth trajectory isn't expected to last forever, it hints at how a successful acquisition can propel significant growth at a pre-existing company

Your A/B Tests Are Part of the Replication Crisis

A/B testing is an essential part of strategic company growth—unless you fall into the replication crisis trap. If you're so focused on getting positive results, then what you "learn" might be incorrect and send you down the wrong path. Here are some things you can do to choose the best experiments and be more objective in interpreting the results

 Management 
The Google Incentive Mismatch

Companies like Google or Facebook breed promotion-oriented cultures. It's hard to align promotion criteria with business objectives, so people do a lot of work that doesn't necessarily benefit the core product, business, or users. Before you build a promotion culture into your company, consider these alternatives

How Confirmation Bias Reduces Business Profits

Leaders have to fight against many challenges, and confirmation bias is one of the most prevalent. We seek out information that confirms existing beliefs, and we ignore information that contradicts them. To avoid this trap, one of the best things you can do is avoid going with your gut and commit to trying to prove yourself wrong

 Insight of the Week 
Intellectual Sparring Partners

Sahil Bloom said it well: Friends are easy to come by, but intellectual sparring partners are harder to find. These people will push you to think deeply, question your assumptions, and ask you to explain your reasoning. If you want to level up your thinking, find someone you can have regular "sparring sessions" with—here's how to identify a good one.



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