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loop
build
measure
learn
different types of MVP
video MVP
concierge MVP
wizard of oz MVP
3 engine of growth
sticky engine
viral engine
paid engine
sticky engine metrics
customer acquisition rate
churn rate
viral engine metrics
viral coefficient (avg number of customers recruited by every recruited customer)
paid engine metrics
cost per adquisition
lifetime value
CPA - LTV = how profitable a customer is and the cost of acquiring it
→ this determines the growth rate of such company
pivot or persevere?
establish a basilbe of the current situation with MVP
attempt to tune MVP towards the ideak through build measure learn loop
pivot or persevere
3 types of pivot
customer segment pivot
value capture pivot
engine of growth pivot
value capture pivot
decidiing to give away the product for free and charge through advertisibg is a typical pivot encoutered using viral engine of growth companies