How Segment grew into a billion dollar business

 Hiten's Pick 

What To Remember About Being a Leader

This tweet thread is filled with great advice from a dad to a daughter on how to lead a team well. Liz Beechinor's father led an organization of over 300,000 people. When she took on her biggest marketing and events team to date (35 employees), this is the advice he gave her. Here's one I wish I knew at the start of my career: "You will have to make decisions that are unfair and you will have to communicate decisions you disagree with. Guaranteed. The sooner you accept that and expect it, the better you'll deal with it when the time comes."

 Business 

Business Software Faces Pressure To Update Its User Experience

Last year, Citigroup sent almost $900 million to lenders in error. It set off a legal battle for the money but also unintentionally highlighted another issue: the clunky experience of using business software. The people who choose business software for their companies pick products with the most features or lowest costs but often don't factor in end users. The Citi error is a prime (and expensive) example of why companies should think more about user experience

A Brief History of the Hedge Fund

Though this past year has been difficult for billions of people across the globe, hedge funds have prospered. In 2020, the top fifteen hedge fund managers earned an estimated $23.2 billion. It begs the question: How did hedge funds get their start? This brief history is illuminating

 Product 

How HubSpot Built a CRM That Customers Love

From the beginning, HubSpot has always done things a bit differently. I thought this article was a great recap of how they make decisions with customer experience in mind. One of the many unique things they do: When they want to deliver a new product to customers, they don't buy it—they build it. Here are three unique ways the company continuously offers value in the crowded CRM market. 

Product Development As Iterated Taste

When launching a new product at Amazon, the team uses something called the PR/FAQ Method. New ideas are presented in the form of documents that are no longer than six pages and follow a very specific structure. It starts with a press release and then moves on to an FAQ that addresses both internal and external issues (like per-unit economics, total addressable market, and technical feasibility). What would this product development method look like if you implemented it at your company? 

 Marketing & Sales 

More Than 60% of Google Searches End Without a Click

I was blown away by this statistic: 64.8% of all Google searches (desktop and mobile combined) in 2020 ended without a click. The data hints at growing trends that are important for startups to understand. It's worth considering how this impacts your SEO and advertising efforts in the future

11 Marketing Channels That Consistently Work for Founders

If you're looking for a goldmine of startup information, check out the founder interviews on Indie Hackers. There are close to 500 on the site, and many of them cover the marketing channels that consistently work for founders. Of all the channels mentioned, this is a list of the 11 most effective ones. The most effective? SEO—but only after succeeding with another acquisition channel. Do any of these surprise you? 

 Growth 
How Segment Grew Into a Billion-Dollar Business

Over the past decade, Segment has become a billion-dollar business with more than 20,000 clients including some big ones like Intuit, Atlassian, and Gap. At the end of 2020, the company was acquired by Twilio, which surprised many but is turning out to be the perfect match. I enjoyed this recap of Segment's journey—from early failures to exponential go-to-market growth. 

5 SaaS Renewal Best Practices

So many companies make it intentionally difficult for users to cancel subscriptions and services. While it may be tempting for your startup to follow suit, it's much better to focus on improving the customer lifecycle and focusing on customers who actually want to renew. This in-depth guide highlights the main reasons people unsubscribe, and what you can do to mitigate each one. 

 Management 
People Don't Quit Bad Jobs, They Quit Bad Bosses

Bosses matter more than almost any other factor when it comes to job satisfaction. Most people don't quit bad jobs, they quit bad bosses. So what makes someone a great boss? Interestingly, one of the biggest factors is technical competence. People are far happier when lead by bosses with deep expertise in their core business activity. Does the data in this article surprise you?

Getting Better at Community Building

One of the hardest things to get right at a startup is community. But once you build a great one, your business strengthens and grows quickly. This is a short and sweet read about how to build in tiny habits that help your community grow over time. It's a reminder that the small things tend to become big things over time

 Insight of the Week 
What It Takes To Make a Startup Successful

Austen Allred said it best in his tweet this past week: "What it takes to make a startup successful is misunderstood and underestimated by basically everyone who has never worked inside of one." I'd argue even if you have, it's still easy to assume that what works at one startup will work at another. In my experience, every company comes with its unique set of challenges and wins. It's great to arm yourself with best practices, but don't forget to leave a little room to be surprised. Almost always, you will be. 


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