alexeichemenda's comments

alexeichemenda | 6 years ago | on: Failing 15% of the time is the best way to learn, say scientists

Interestingly, this correlates well with what is happening in the ad-tech world.

Specifically in performance marketing spend, 15% of the budget is very often allocated to "new initiatives & new partners", with the thought process that it'll either allow to find a previously un-identified improvement, or it'll allow to learn what to avoid in the future on the 85% of spend.

alexeichemenda | 6 years ago | on: What do we really know about the effectiveness of digital advertising?

My ROI numbers there are all examples to demonstrate my point, they’re not actual values supposed to reflect any sort of reality.

As to conflict of interest, I did mention we work with a lot of advertisers but certainly not a conflict of interest, simply sharing the thought process of advertisers today. When we run incrementality tests, sometimes it shows that the campaign is not performing and then we stop the campaign.

So my comment above is not intended to mean “spend on marketing”, but rather “if you do spend on marketing today, you should make sure it actually delivers incremental value and therefore you should measure that incrementality.

alexeichemenda | 6 years ago | on: What do we really know about the effectiveness of digital advertising?

>Wouldn't they spend a bigger part of their revenue on ads ? _For context, we've worked with thousands of advertisers worldwide_ They do, up to a certain extent. ROI isn't the only element to look at here, what also matters is at what max scale you can keep this ROI. Let's take e-commerce as an example scenario:

A digital channel can deliver a solid ROI (>200%) at $10K-$50K / month. Advertiser is excited, wants to scale to $500K / month. ROI drops to 110%. Woops, not as good. So what does advertiser do? Advertiser finds the max scale they can run at to maintain an acceptable level of ROI (for ex, 140%) and that is $100K / month of spend on that channel.

The interesting shift we're seeing is that historically, advertisers just went on and multiplied the number of channels, spending $10K / mo on channel 1, $50K / mo on channel 2, $500K / mo on channel 3. However, the cost of maintaining each channel and optimizing is greater than the added value. So current trend we're seeing is consolidation of this spend, and understanding that they won't be able to spend as much on ads since they still to need that 140% ROI, but only on a few channels.

As to measurement, incrementality measurement (usually two methods, ITT (intention to treat, divide your entire audience in 2 parts and show ads to only 1 of the group) or ghost ads (described below) delivers a very clean metric as to whether ad spend if bringing any sort of value and how much value it actually brings. Assuming a healthy p-value is present (aka, assuming advertiser is running enough marketing spend $ that results are significant), that's your answer to how much more you should invest on the current marketing campaigns (or it will show that you need to change your campaigns because current ones are not performing)

alexeichemenda | 6 years ago | on: Collapse OS

Sorry if this is a naive question, but if the assumption is "doomsday", how would one know how to access vault and that it even exists?

alexeichemenda | 6 years ago | on: MoviePass Worked Out Great

Debatable. If you go to the movie and the cashier says "it's $11 for the movie, or $12/mo for unlimited movies", i wouldn't be surprised if many people take that deal. That's how restaurants get you with menus & other bundles.

alexeichemenda | 6 years ago | on: Bird Acquires Scoot

Ha - first thought come that came to my mind. I wonder if SF city council will appreciate this move. If this was a purely "permit" driven acquisition, I'm surprised Bird won the bidding price vs the larger scooter companies. If this was for the technology (including the lock), then I'd be curious if this really adds value to Bird (as a comment below explains it very well, scooters can be profitable within 2 weeks so a % of theft is acceptable)

alexeichemenda | 10 years ago | on: France Launches French Tech Ticket, a Startup Visa for Foreign Entrepreneurs

Regarding taxes, you're comparing two very different things. The 15% you're talking about is, as you said, qualified small business rate, which means you have [..] to hold it for more than 5 years. The 56% you're talking about in France is an over simplified number. My company just got acquired (i'm a co-founder), and I can guarantee you I got a better tax deal in France than you will ever get in the US.

I'm not even going to get into the laws debate, but just keep in mind, just like the taxes, it's not at all how you think it is :)

alexeichemenda | 11 years ago | on: Start-up Launch Power: Product Hunt vs. Hacker News vs. TechCrunch

> But if you are promoting to people who are your friends or are already fans of your product per the original quote, they are not necessarily unbiased and are not necessarily voting on the merit of the product itself.

Their article states : "It is perfectly fine, however, to promote your Product Hunt page on your groups, forums, internal communications [...] community to the featuring on ProductHunt, but don’t encourage them to vote one way or another."

They are not including "friends" in there. And when it comes to people who are already fans of your product, no - they're not unbiased. But that's the thing : they tried the product, and loved it. Which is exactly how word of mouth works in real life. You try a product, you love it, and you tell you friends about it. And that's the whole point of PH : surfacing great products.

alexeichemenda | 11 years ago | on: Start-up Launch Power: Product Hunt vs. Hacker News vs. TechCrunch

[Disclaimer : I know Batch's founder, but this comment will try to be very objective]

Allow me to disagree. Product Hunt is a platform that lets users vote for the best products. Asking for upvotes is wrong, because the people you ask feel obligated to do it. When you let people know you're on Product Hunt, they have the choice to go upvote or not. If it's a good product, they will go and upvote it. But this is the essence of Product Hunt. Filter good products and make other users aware of good products.

alexeichemenda | 11 years ago

I've used the tool a bit, happy to discuss. I think the founders are here as well

alexeichemenda | 11 years ago

Hey, how is it different from node-webkit or atom-shell?

alexeichemenda | 11 years ago | on: Motionlead Makes Mobile Ads Effective Again Thanks To Interactive Design

Hey waps, We don't want to be those guys. This is why the quality of the design is as important as the content of the ad. We can show less ads to users than classic banners / interstitials, more elegant ads, and deliver high-quality content (apps, premium products).

(quick explanation, if an interstitial is being displayed every minute and has a 5% CTR, we can show one every 2 minutes because we have a CTR of 10%. So you can have twice as much -- or more -- ad-free experience time)

alexeichemenda | 11 years ago | on: Motionlead Makes Mobile Ads Effective Again Thanks To Interactive Design

Hi there, You're absolutely right, the goal here was to show how creative advertisers can be with this technology. We can also display more discrete and elegant ads, this is all based on what our publishers allow and advertisers want. However, we always want to make sure the ad is more pleasant than an interstitial full screen ad, and you're always more or less still seeing the app. Hope this helps.
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