Weekly Reading‘s are a series of blog posts highlighting the best pieces of content I’ve read or listened to during the week. Give me feedback if you enjoy it. And suggestions if you don’t. Just to make it better for other guys.
Startup Wise Guys is closing its 6th cohort. This week we had a Screening of startups in London. Lots of great mentors, investors, partners and sales. Meanwhile world’s been talking about driverless trucks and working hoverbike, metrics, pricing, fundraising and other stuff.
Metrics, metrics, metrics – take care of them.
- I Was Wrong. NPS is A Great Core Metric. NPS keeps a SaaS startup honest. It does a good job of predicting net negative churn. It builds confidence. Track NPS as a core, monthly metric.
- Why Misunderstanding Startup Metrics Can Cost You Your Business. Mark Suster, a VC at UpfrontVC explains the true meaning of metrics.
- At $50k in MRR, Running Out of Money Is No Longer an Excuse. This doesn’t mean money isn’t an issue. Money really won’t “not be an issue” usually until about $6-$8m ARR. Sometimes later. By that point, you’ll have enough cash coming in to fund the core team of 50-60.
Pricing doesn’t matter.
- All Pricing is Relative. How To Make That Work in Your Favor. There’s no real reason any particular piece of software should cost anything in particular. Or something. Or a lot. Or anywhere in between. Because it costs next to nothing to deliver.
Fundraising is a part of the life-cycle.
- Why I cringe when you say you’re raising a $1.5m seed round… There’s nothing inherently wrong with raising $1.5m… UNLESS you haven’t thought about your raise strategically (99.9% of entrepreneurs).
- Shipitwise is raising 250’000€ via Funderbeam. It’s your chance to become an investor. And help us change the way you experience international shipping.
Internet Economy: Driverless trucks and hoverbike.
- The end of app stores (as we know them). Uber isn’t just killing the taxi industry. Its’ relentless approach to distribution and scale is also putting a nail in the coffin of app stores.
- How Uber conquered London. To understand how the $60bn company is taking over the world, you need to stop thinking about cars.
- The Internet Economy. We live in an era of bundling. The big consumer tech companies have moved far beyond their original product lines that compete with one another. But their revenues and profits still depend heavily on external technologies that are outside of their control.
- The driverless truck is coming, and it’s going to automate millions of jobs. A convoy of self-driving trucks recently drove across Europe and arrived at the Port of Rotterdam. No technology will automate away more jobs than the driverless truck.
- This guy built a working hoverbike and somehow managed to not chop his legs off. This dude has built functional Wolverine claws, shoes to walk on the ceiling and wrist-mounted flame throwers. His latest project: a hoverbike. An actual hoverbike.