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How a Focus on Speed & Simplicity
Can Fuel Your Flywheel
Joe Thomas
Co-founder and CEO
Loom
@yoyo_thomas
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● Most of you are viewing this session from our event platform, which we
hope you are enjoying! To submit a question to the speaker - you can use
the “Question” feature positioned on the right rail of your screen
● If you’d like to be on directly with the speaker, click the join us on stage
button ( found below the player) -- we’ll take questions at the end
● Interactive, 20 or 50 minute session. We encourage you to keep your
cameras on, and audio muted
● These sessions will be recorded and available post event
Housekeeping Notes
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1. Understand what a flywheel is, why it’s
important, and how to articulate your own
2. Understand the framework of how to
accelerate your flywheel (output and input
metrics plus experimentation)
3. Understand how to rally your team around
flywheel for organizational alignment, clarity,
and impact
3 Takeaways
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● What is a Flywheel?
● Loom’s earliest (successful) flywheel
● Experimentation on Loom’s flywheel
● Pro Tips, Gotchas, and Next Steps [5min]
● Q&A
Agenda
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A flywheel is an incredibly heavy wheel
that takes huge effort to push.
Keep pushing and the flywheel builds
momentum.
Keep pushing and eventually it starts to
help turn itself and generate its own
momentum.
And that's when a company goes from
good to great.
What is a Flywheel?
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What is a Flywheel?
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What is a Flywheel?
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● Step by step of flywheel
● False start flywheels
● Output metrics attached to a flywheel
Loom’s earliest (successful) flywheel
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Install Extension
Record a Video
Sign Up
Loom’s earliest (successful) flywheel
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Viewers Install Extension
Record a Video
Sign Up
Loom’s earliest (successful) flywheel
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Viewers Record a Video
Share
Sign Up / Download
Loom’s earliest (successful) flywheel
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Viewers
Total Video Views
Record a Video
Recording Complete*
Share
Video First View
Sign Up / Download
Extension Install
Loom’s earliest (successful) flywheel
*Output Metric
Many inputs that roll
up to ability to affect it
● Thesis on weight associated with output
metrics
● What are the input metrics?
○ Bright spots? Friction? Biggest accelerants?
● Experimentation framework
○ Pro tip: Look at it by persona
Experimentation on Loom’s flywheel
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0%
70%
20%
10%
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Viewers
Total Video Views Record a Video
Recording Complete
Share
Video First View
Sign Up / Download
Extension Install
Experimentation on Loom’s flywheel
How to influence?
Lack of clarity on how to
drive up video first views.
0%
70%
20%
10%
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Viewers
Total Video Views Record a Video
Recording Complete
Share
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Extension Install
Defining Part of UX
If you couldn’t record,
you couldn’t loom
Experimentation on Loom’s flywheel
No visibility
Didn’t have video player
Close the Loop
Little work could go a
long way for virality
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List all of your input metrics
● You have to do the work to list all the
inputs
● Helps if you do them in order of the
flywheel
● Add actual numbers to see where
there are:
○ Bright spots: where are things
working?
○ Friction: where are there drop offs?
0%
70%
20%
10%
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Viewers
Total Video Views Record a Video
Recording Complete
Share
Video First View
Sign Up / Download
Extension Install
Experimentation on Loom’s flywheel
Defining Part of UX
If you couldn’t record,
you couldn’t loom
Key Inputs:
1. Extension Click
2. Choose Settings
3. Recording Start
4. Recording Stop
5. Recording Success
0%
70%
20%
10%
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Viewers
Total Video Views Record a Video
Recording Complete
Share
Video First View
Sign Up / Download
Extension Install
Experimentation on Loom’s flywheel
Defining Part of UX
If you couldn’t record, you
couldn’t loom
Inputs:
1. Extension Clicks
2. Choose Settings
3. Recording Start
4. Recording Stop
5. Recording Success (15%)
10%
30%
20%
40%
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Viewers
Total Video Views Record a Video
Recording Complete
Share
Video First View
Sign Up / Download
Extension Install
Experimentation on Loom’s flywheel
How to influence?
Lack of clarity on how to drive
up video first views.
Inputs:
1. Link Copied (qualitative)
2. Link Shares
3. Link Clicks
Wrap up
● 3 Pro Tips & Gotchas
● Flywheel Template
● 3 Takeaways + Q&A
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1. Be patient and persistent. This
is not a single meeting thing.
2. Get the whole company
involved. Every department /
team should be owners of part
of the flywheel.
3. Create a cadence around it:
bi-weekly or monthly reviews
3 Pro Tips
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1. Don’t forget about
non-technical elements (ie high
NPS can drive virality)
2. Don’t be afraid to say “we don’t
have a flywheel, yet”
3. Don’t prematurely optimize.
Keep the big picture in mind.
3 Gotchas
Key Action #3
Output Metric #3
Key Action #2
Output Metric #2
Focus:
xx% Focus:
xx%
Focus: xx%
Focus: xx%
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Key Action #4
Output Metric #4
Flywheel Template
Why it’s important?
[definition]
Input Actions / Metrics:
1.
2.
3.
4.
5.
Key Action #1
Output Metric #1
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Flywheel Template
→ Book link ←
1. Understand what a flywheel is, why it’s
important, and how to articulate your own
2. Understand the framework of how to
accelerate your flywheel (output and input
metrics and experimentation)
3. Understand how to rally your team around
flywheel for organizational alignment, clarity,
and impact
3 Takeaways + Q&A
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THANK YOU
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Expert
Feedback
Marketplace
More Feedback Requests Quality of Feedback
Clients
Experts in Network
Loom’s earliest (successful) flywheel
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Real Time User
Feedback SaaS
More Feedback Requests Users with Opentest Installed
Successful
NPS / Video Feedback
Website Installs
Loom’s earliest (successful) flywheel

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How a Focus on Speed & Simplicity Can Fuel Your Flywheel with Loom

  • 1. How a Focus on Speed & Simplicity Can Fuel Your Flywheel Joe Thomas Co-founder and CEO Loom @yoyo_thomas Do not place text, or graphics in any of the red space Your faces will be here Logo Overlays will be here DO NOT DELETE SaaStr Team will delete these guides in review.
  • 2. ● Most of you are viewing this session from our event platform, which we hope you are enjoying! To submit a question to the speaker - you can use the “Question” feature positioned on the right rail of your screen ● If you’d like to be on directly with the speaker, click the join us on stage button ( found below the player) -- we’ll take questions at the end ● Interactive, 20 or 50 minute session. We encourage you to keep your cameras on, and audio muted ● These sessions will be recorded and available post event Housekeeping Notes Do not place text, or graphics in any of the red space Your faces will be here Logo Overlays will be here DO NOT DELETE SaaStr Team will delete these guides in review. Do not place text, or graphics in any of the red space Your faces will be here Logo Overlays will be here DO NOT DELETE SaaStr Team will delete these guides in review.
  • 3. 1. Understand what a flywheel is, why it’s important, and how to articulate your own 2. Understand the framework of how to accelerate your flywheel (output and input metrics plus experimentation) 3. Understand how to rally your team around flywheel for organizational alignment, clarity, and impact 3 Takeaways Do not place text, or graphics in any of the red space Your faces will be here Logo Overlays will be here DO NOT DELETE SaaStr Team will delete these guides in review.
  • 4. ● What is a Flywheel? ● Loom’s earliest (successful) flywheel ● Experimentation on Loom’s flywheel ● Pro Tips, Gotchas, and Next Steps [5min] ● Q&A Agenda Do not place text, or graphics in any of the red space Your faces will be here Logo Overlays will be here DO NOT DELETE SaaStr Team will delete these guides in review.
  • 5. A flywheel is an incredibly heavy wheel that takes huge effort to push. Keep pushing and the flywheel builds momentum. Keep pushing and eventually it starts to help turn itself and generate its own momentum. And that's when a company goes from good to great. What is a Flywheel? Do not place text, or graphics in any of the red space Your faces will be here Logo Overlays will be here DO NOT DELETE SaaStr Team will delete these guides in review.
  • 6. What is a Flywheel? Do not place text, or graphics in any of the red space Your faces will be here Logo Overlays will be here DO NOT DELETE SaaStr Team will delete these guides in review.
  • 7. What is a Flywheel? Do not place text, or graphics in any of the red space Your faces will be here Logo Overlays will be here DO NOT DELETE SaaStr Team will delete these guides in review.
  • 8. ● Step by step of flywheel ● False start flywheels ● Output metrics attached to a flywheel Loom’s earliest (successful) flywheel Do not place text, or graphics in any of the red space Your faces will be here Logo Overlays will be here DO NOT DELETE SaaStr Team will delete these guides in review.
  • 9. Do not place text, or graphics in any of the red space Your faces will be here Logo Overlays will be here DO NOT DELETE SaaStr Team will delete these guides in review. Install Extension Record a Video Sign Up Loom’s earliest (successful) flywheel
  • 10. Do not place text, or graphics in any of the red space Your faces will be here Logo Overlays will be here DO NOT DELETE SaaStr Team will delete these guides in review. Viewers Install Extension Record a Video Sign Up Loom’s earliest (successful) flywheel
  • 11. Do not place text, or graphics in any of the red space Your faces will be here Logo Overlays will be here DO NOT DELETE SaaStr Team will delete these guides in review. Viewers Record a Video Share Sign Up / Download Loom’s earliest (successful) flywheel
  • 12. Do not place text, or graphics in any of the red space Your faces will be here Logo Overlays will be here DO NOT DELETE SaaStr Team will delete these guides in review. Viewers Total Video Views Record a Video Recording Complete* Share Video First View Sign Up / Download Extension Install Loom’s earliest (successful) flywheel *Output Metric Many inputs that roll up to ability to affect it
  • 13. ● Thesis on weight associated with output metrics ● What are the input metrics? ○ Bright spots? Friction? Biggest accelerants? ● Experimentation framework ○ Pro tip: Look at it by persona Experimentation on Loom’s flywheel Do not place text, or graphics in any of the red space Your faces will be here Logo Overlays will be here DO NOT DELETE SaaStr Team will delete these guides in review.
  • 14. 0% 70% 20% 10% Do not place text, or graphics in any of the red space Your faces will be here Logo Overlays will be here DO NOT DELETE SaaStr Team will delete these guides in review. Viewers Total Video Views Record a Video Recording Complete Share Video First View Sign Up / Download Extension Install Experimentation on Loom’s flywheel
  • 15. How to influence? Lack of clarity on how to drive up video first views. 0% 70% 20% 10% Do not place text, or graphics in any of the red space Your faces will be here Logo Overlays will be here DO NOT DELETE SaaStr Team will delete these guides in review. Viewers Total Video Views Record a Video Recording Complete Share Video First View Sign Up / Download Extension Install Defining Part of UX If you couldn’t record, you couldn’t loom Experimentation on Loom’s flywheel No visibility Didn’t have video player Close the Loop Little work could go a long way for virality
  • 16. Do not place text, or graphics in any of the red space Your faces will be here Logo Overlays will be here DO NOT DELETE SaaStr Team will delete these guides in review. List all of your input metrics ● You have to do the work to list all the inputs ● Helps if you do them in order of the flywheel ● Add actual numbers to see where there are: ○ Bright spots: where are things working? ○ Friction: where are there drop offs?
  • 17. 0% 70% 20% 10% Do not place text, or graphics in any of the red space Your faces will be here Logo Overlays will be here DO NOT DELETE SaaStr Team will delete these guides in review. Viewers Total Video Views Record a Video Recording Complete Share Video First View Sign Up / Download Extension Install Experimentation on Loom’s flywheel Defining Part of UX If you couldn’t record, you couldn’t loom Key Inputs: 1. Extension Click 2. Choose Settings 3. Recording Start 4. Recording Stop 5. Recording Success
  • 18. 0% 70% 20% 10% Do not place text, or graphics in any of the red space Your faces will be here Logo Overlays will be here DO NOT DELETE SaaStr Team will delete these guides in review. Viewers Total Video Views Record a Video Recording Complete Share Video First View Sign Up / Download Extension Install Experimentation on Loom’s flywheel Defining Part of UX If you couldn’t record, you couldn’t loom Inputs: 1. Extension Clicks 2. Choose Settings 3. Recording Start 4. Recording Stop 5. Recording Success (15%)
  • 19. 10% 30% 20% 40% Do not place text, or graphics in any of the red space Your faces will be here Logo Overlays will be here DO NOT DELETE SaaStr Team will delete these guides in review. Viewers Total Video Views Record a Video Recording Complete Share Video First View Sign Up / Download Extension Install Experimentation on Loom’s flywheel How to influence? Lack of clarity on how to drive up video first views. Inputs: 1. Link Copied (qualitative) 2. Link Shares 3. Link Clicks
  • 20. Wrap up ● 3 Pro Tips & Gotchas ● Flywheel Template ● 3 Takeaways + Q&A Do not place text, or graphics in any of the red space Your faces will be here Logo Overlays will be here DO NOT DELETE SaaStr Team will delete these guides in review.
  • 21. 1. Be patient and persistent. This is not a single meeting thing. 2. Get the whole company involved. Every department / team should be owners of part of the flywheel. 3. Create a cadence around it: bi-weekly or monthly reviews 3 Pro Tips Do not place text, or graphics in any of the red space Your faces will be here Logo Overlays will be here DO NOT DELETE SaaStr Team will delete these guides in review. 1. Don’t forget about non-technical elements (ie high NPS can drive virality) 2. Don’t be afraid to say “we don’t have a flywheel, yet” 3. Don’t prematurely optimize. Keep the big picture in mind. 3 Gotchas
  • 22. Key Action #3 Output Metric #3 Key Action #2 Output Metric #2 Focus: xx% Focus: xx% Focus: xx% Focus: xx% Do not place text, or graphics in any of the red space Your faces will be here Logo Overlays will be here DO NOT DELETE SaaStr Team will delete these guides in review. Key Action #4 Output Metric #4 Flywheel Template Why it’s important? [definition] Input Actions / Metrics: 1. 2. 3. 4. 5. Key Action #1 Output Metric #1
  • 23. Do not place text, or graphics in any of the red space Your faces will be here Logo Overlays will be here DO NOT DELETE SaaStr Team will delete these guides in review. Flywheel Template → Book link ←
  • 24. 1. Understand what a flywheel is, why it’s important, and how to articulate your own 2. Understand the framework of how to accelerate your flywheel (output and input metrics and experimentation) 3. Understand how to rally your team around flywheel for organizational alignment, clarity, and impact 3 Takeaways + Q&A Do not place text, or graphics in any of the red space Your faces will be here Logo Overlays will be here DO NOT DELETE SaaStr Team will delete these guides in review.
  • 25. THANK YOU Do not place text, or graphics in any of the red space Your faces will be here Logo Overlays will be here DO NOT DELETE SaaStr Team will delete these guides in review.
  • 26. Do not place text, or graphics in any of the red space Your faces will be here Logo Overlays will be here DO NOT DELETE SaaStr Team will delete these guides in review. Expert Feedback Marketplace More Feedback Requests Quality of Feedback Clients Experts in Network Loom’s earliest (successful) flywheel
  • 27. Do not place text, or graphics in any of the red space Your faces will be here Logo Overlays will be here DO NOT DELETE SaaStr Team will delete these guides in review. Real Time User Feedback SaaS More Feedback Requests Users with Opentest Installed Successful NPS / Video Feedback Website Installs Loom’s earliest (successful) flywheel