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Startup Metrics
Startup UCLA
August 2012
Tony Karrer, Ph.D.
CEO, TechEmpower, Inc.
akarrer@techempower.com
http://socalcto.com
2
Background
• Ph.D. Computer Science, LMU Professor CS 10 Years
• Founder
– Sprinkler Systems Installation (age 15)
– Knowledge Stream ($59M exit)
– TechEmpower (1997 - present)
– Aggregage (2010 – present)
• Part-Time CTO / Technical Advisor
– Talk with 100+ startups each year
3
4
eHarmony – Metrics
• Acquisition & Activation
– Cost per click per channel
– Conversion rates (email,
intake, matches,
subscription)
• Retention
– Lifetime Activation Level
• Referral
– Refer a Friend Rate
• Revenue
– Lifetime Value
5
Why You Track
• Marketing – Spend vs. Results
• Product – What to Build and How to Improve
– A/B Testing
• Founder/Investor – Show Business Model
6
Types of Metrics
& Measurement Tools
• Qualitative: Surveys / Usability Testing / Session Monitoring
• SurveyMonkey (surveys), CrazyEgg (heatmap), TechSmith (ux
recording), UserTesting.com (usability testing)
• Net Promoter Score
• Quantitative: Traffic Analysis / User Engagement
• Google Analytics (web), KISSmetrics (people), Omniture (marketing)
• GA: Parameters, Events, Goals
• Comparative: A/B, Multivariate Testing
• Google Content Experiments, Optimizely, Bo.Lt, Visual Website
Optimizer
• Competitive: Monitoring & Tracking Competitors
• Quantcast, Compete.com, Alexa, Hitwise, Comscore
• Overview: Company Dashboard
• Excel
Startup Metrics
Startup UCLA
August 2012
Tony Karrer, Ph.D.
CEO, TechEmpower, Inc.
akarrer@techempower.com
http://socalcto.com

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Startup Metrics - Startup UCLA

  • 1. Startup Metrics Startup UCLA August 2012 Tony Karrer, Ph.D. CEO, TechEmpower, Inc. akarrer@techempower.com http://socalcto.com
  • 2. 2 Background • Ph.D. Computer Science, LMU Professor CS 10 Years • Founder – Sprinkler Systems Installation (age 15) – Knowledge Stream ($59M exit) – TechEmpower (1997 - present) – Aggregage (2010 – present) • Part-Time CTO / Technical Advisor – Talk with 100+ startups each year
  • 3. 3
  • 4. 4 eHarmony – Metrics • Acquisition & Activation – Cost per click per channel – Conversion rates (email, intake, matches, subscription) • Retention – Lifetime Activation Level • Referral – Refer a Friend Rate • Revenue – Lifetime Value
  • 5. 5 Why You Track • Marketing – Spend vs. Results • Product – What to Build and How to Improve – A/B Testing • Founder/Investor – Show Business Model
  • 6. 6 Types of Metrics & Measurement Tools • Qualitative: Surveys / Usability Testing / Session Monitoring • SurveyMonkey (surveys), CrazyEgg (heatmap), TechSmith (ux recording), UserTesting.com (usability testing) • Net Promoter Score • Quantitative: Traffic Analysis / User Engagement • Google Analytics (web), KISSmetrics (people), Omniture (marketing) • GA: Parameters, Events, Goals • Comparative: A/B, Multivariate Testing • Google Content Experiments, Optimizely, Bo.Lt, Visual Website Optimizer • Competitive: Monitoring & Tracking Competitors • Quantcast, Compete.com, Alexa, Hitwise, Comscore • Overview: Company Dashboard • Excel
  • 7. Startup Metrics Startup UCLA August 2012 Tony Karrer, Ph.D. CEO, TechEmpower, Inc. akarrer@techempower.com http://socalcto.com

Hinweis der Redaktion

  1. Early on – Activation, Retention and Revenue are the most important boxesDave McClureMetrics for Pirates (AARRR)Acquisition: users come to the site from various channelsActivation: users enjoy 1st visit: "happy" user experienceRetention: users come back, visit site multiple timesReferral: users like product enough to refer othersRevenue: users conduct some monetization behavior
  2. Network Effect is a Problem – especially with Geography – Even worse is a two-sided market (job site)Viral, SEO, etc. is dubiousOnline may not be the right way