The Product Person #40 — A lesson from GameStop
hi, Anthony here! Every week, I find articles and posts around the web about product development and how to build great products. Then I summarize and share them here. Let’s get to it! GameStopGameStop went up 100x in the past year. It’s an example of an underestimated feedback loop. One event rapidly fueled the next; which led to a small trend growing into a big trend with unforeseen momentum. For ex:
Another ex:
A feedback loop that compounded into a ~10,000% stock price increase in 12 months. A Lesson from GameStopThe lesson here is the power of feedback loops over time. For ex: Marc Andreessen says 80% of employee culture is just “winning.” It’s a feedback loop that compounds to success.
This “A leads to B” concept is intuitive. But, realizing how quickly A → B can go from linear to exponential results is not. It’s easy to understand “winning companies attract the best employees.” It’s harder to understand that, given 10-15 years, that “winning company” feedback loop leads to the Apples, Amazons, and Teslas of the world. Like GameStop, the trend starts small. Then it picks up momentum, and the 2nd order effects have more magnitude than you’d expect. Apply It To Your TeamUnderstand the power of feedback loops and you can make your team and product better and stronger.
It’s a simple concept, but it’s impactful.
🔗 This post was inspired by this blog post by Morgan Housel (a great read). End NoteThanks for enjoying The Product Person. I’d love it if you shared it with a friend or two. If this was shared to you, you can subscribe here. ❤️ Hit the heart button as well, it helps a lot. Have a great day, (P.S. Is there something I can help you with? Reach out to me via email) If you liked this post from The Product Person, why not share it? |
Older messages
TPP #39: How to ship better products
Friday, January 22, 2021
hi, Anthony here! Every week, I find articles and posts around the web about product development and how to build great products. Then I summarize and share them here. Let's get to it! Shape Up
The Product Person #38: Landing Page Hero
Friday, January 15, 2021
hi, Anthony here! Every week, I find articles and posts around the web about product development and how to build great products. Then I summarize and share them here. Let's get to it! The First
The Product Person #37: Talking to Users
Tuesday, January 5, 2021
hi, Anthony here! Every week, I find articles and posts around the web about product development and how to build great products. Then I summarize and share them here. Let's get to it! (Also, Happy
The Product Person #35: Growth Loops
Friday, December 4, 2020
hi, Anthony here! Every week, I find articles and posts around the web about product development and how to build great products. Then I summarize and share them here. Let's get to it! Forget the
The Product Person #36: JTBD
Friday, December 4, 2020
hi, Anthony here! Every week, I find articles and posts around the web about product development and how to build great products. Then I summarize and share them here. Let's get to it! Every 60
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