Posts Tagged product
Lessons from Dropbox
Posted by bytingme in Uncategorized on May 5th, 2010
I am a big fan of Drew Houston, founder of dropbox and here he (along with Xobni) tells their startup story. Very insightful and must-read for product/technology based startups!
I mailed Drew on whether his presentation was applicable only to US startups [obviously not expecting a reply back, since I am used to people not getting back to me
] – but thoroughly, totally surprised, he got back to me!! saying….

And definitely needs to be agreed! It’s a great feeling when someone whom you regard as a source of inspiration takes some time off [even a couple of minutes] to get back to you!
Signup
Posted by bytingme in Uncategorized on May 1st, 2010
The importance of a sign-up (or) login page is often underestimated. A recent survey indicates that having the text ‘Sign up‘ instead of Register increases the conversion by over 20% ! – isn’t that amazing?
- The old ways of signing-up are slowly getting deprecated, users want to try the product before they sign-up. Instead of Sign-up -> Try the product, users want to follow ‘Try the product -> like it? -> signup‘
- I already have to remember so many e-mail/password combinations, don’t want one more! – this might also be an apprehension amongst a lot of users. Fear not, for the introduction of openId, Facebook/twitter connect, etc. has made life simpler to so many people – the user can use the same credentials to login. Infact the popularity of these services is rising so much, that a few companies are making money by providing a way just to plug this to your site
- Some websites totally eliminate the concept of sign-up! Kudos – collect user data only if you need it. For eg: redbus doesn’t have a register/signup form – you possibly can’t do anything but book tickets
- Ok, you are hell bent on having a sign-up form – please don’t ask for my birthdate, gender (unless you are a dating site ofcourse!), my sister’s name, etc. Keep it simple with just 3 things – e-mail, password, confirm password
- Geeky world: Most of the designers/coders live in a geeky world! When the form contains e-mail, password – a lot of users think you want the password of their e-mail address! It’s quirky, yes! but come out of the geeky world, a lot of them are like that! You could consider renaming it as New password
- Activation e-mail: This is a common practice among a lot of websites where they send an e-mail to confirm whether you are really *you*. The user needs to come back to his mail account, click on that long lousy activation link, and then login again! (few websites provide your *password* also in the activation mail – atrocious!) This is an unnecessary hop – what you could do, is to set a cookie for 24 hours and log him in for that session.
The bottom-line being to make users use your product with minimum hassles. If your product sucks, it’s a different problem, but atleast let people use it
Like most of my earlier posts, I have made all the mistakes above, but wait till the end of this month – we are reincarnating
Startup Frenzy #3: Are you ready for the VC?
Posted by bytingme in Uncategorized on May 3rd, 2009
Ok, now that you have built a good team and done enough of market research, can you approach the venture-capitalist? Ideally, my answer would be a big NO! I did this mistake back in college, when I used to meet a lot of VC’s with bare presentations explaining them what exactly my product is, my target customers, etc.. Like how A picture is worth a thousand words, A demo is worth a thousand dollars!
A demo is worth a thousand dollars
Build the product
You need to have a working demo of your product.The ppt’s and flashy animations alone will not impress them. Your product needn’t implement all your features (obviously), but at least a bare framework showcasing your service. You need to instill a belief in the VC that you guys can build the product. A coveted degree (like a Phd, Masters,etc.) might give you an edge only if you are able to build the product, not before!
KISS – Keep it short and simple
Your demo/presentation should NOT last for more than 5-6 minutes. It should be slick and to the point – no boring graphs and long text! The VC must be raring to know more about your product after you are done.
Numbers and vision
More than the technology, a VC would be interested to know how much (and how?) you are going to make money. Here is where you can afford to be a little verbose, explaining your surveys, your initial sample set, how you intend to grow, your projected revenue, etc.
Most importantly, you need to have a vision for your startup – what do you want to ultimately be? and what’s the roadmap.
Well, whatever I have blogged is from my past experience and mistakes that I made. Hope it helps and get started!

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