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Every Online User Platform Needs Revenue To Survive

Startup Professionals Musings

A question that I still hear debated often is whether a new online platform startup growth strategy should focus on user count or profits. You might sell one of two of your widgets for $1 million each, entering profitability immediately, but then die because you can’t grow sales at that price. So let’s take a look.

Platform 118
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Interview with Jordan Glazier, Wildfire Systems

socalTECH

And, if you're a social platform, is there a way to monetize all that activity happening on your service? San Diego-based Wildfire Systems , led by startup veteran Jordan Glazier , has developed software which product referrals and automatically transform them into trackable links across email, text messaging, chat, and social messaging.

San Diego 159
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Should Startups Care About Profitability?

Both Sides of the Table

Or you know the other one — the one where Snapchat lost $2 billion in just one quarter. The most obvious way to explain this is with sales people. If you hire 6 senior sales reps in January at $120,000 / year salary then you’ve taken on an extra $60,000 per month in costs yet these sales people might not close new business 6 months.

Startup 227
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Interview with Robert Blatt, MomentFeed

socalTECH

Our platform enables them to manage the digital representation of their locations, and engage with consumers in paid, social, and search, to improve that customer experience. Robert Blatt: The first stage, in 2013, was really nailing product-market-fit. How did you get involved with MomentFeed? We accomplished that, that did it well.

Google 127
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Interview with Lidia Yan, NEXT Trucking

socalTECH

When we started the business, we really didn't have a lot of funding, but it made a lot of sense, and we got lots of drivers on the platform. I was doing billing myself, I was doing product management, and that was the same with almost everything for the rest of my team. How has that been for you getting them to adopt what you offer?

Startup 173
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How to Create And Use Snapchat’s New Custom Geofilters

Tech Zulu Event

Less than a month ago, Snapchat opened custom on-demand geofilters to everyone. Industry news was excited, but for how amazing of a product they are, custom Snapchat geofilters have remained stunningly under the radar. So what’s exciting about this new product? This product is literally too good to pass up.

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Why Taking Some Risks in the Sales Process Can Improve Results

Both Sides of the Table

Many people are too cautious in sales processes and as a result when they present their solutions they end up sounding milquetoast and undifferentiated from anybody else in the market. I recently wrote about the three rules of sales. In sales we often call these USPs (I wrote about them here: Unique Selling Propositions ).

Sales 150