alexeichemenda | 6 years ago | on: Failing 15% of the time is the best way to learn, say scientists
alexeichemenda's comments
alexeichemenda | 6 years ago | on: What do we really know about the effectiveness of digital advertising?
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?
alexeichemenda | 6 years ago | on: What do we really know about the effectiveness of digital advertising?
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: Launch HN: Carve (YC S19) – Rent Cars from Local Dealerships
alexeichemenda | 6 years ago | on: Collapse OS
alexeichemenda | 6 years ago | on: MoviePass Worked Out Great
alexeichemenda | 6 years ago | on: Bird Acquires Scoot
alexeichemenda | 7 years ago | on: The Growth Stacks of 2019
alexeichemenda | 10 years ago | on: France Launches French Tech Ticket, a Startup Visa for Foreign Entrepreneurs
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
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
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 | on: Start-up Launch Power: Product Hunt vs. Hacker News vs. TechCrunch
alexeichemenda | 11 years ago | on: Show HN: Insights into billions of daily smartphone notifications
alexeichemenda | 11 years ago | on: Show HN: Insights into billions of daily smartphone notifications
alexeichemenda | 11 years ago
alexeichemenda | 11 years ago
alexeichemenda | 11 years ago | on: Show HN: Airtable, a real-time spreadsheet-database hybrid
alexeichemenda | 11 years ago | on: Motionlead Makes Mobile Ads Effective Again Thanks To Interactive Design
(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
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.