“What I found works best is pick an assignment that truly shouldn't take more than an hour or two before you hit diminishing returns. On, you know, spending more cycles on it. And that number two is either more of like a hypothetical scenario or it's a company that everybody's heard of. So Uber, Airbnb, companies that are like ubiquitous at this point in the American tech mindset.”
quote is from the automated transcript, cleaned for reading:
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More from Phil Carter
AssertionNot checkable as stated
Phil Carter: CAC almost always increases over time for scaling startups
“For everyone else, CACs almost by definition will go up over time for a couple reasons.”
Phil CarterSep 20, 2024▶ 27:35Phil Carter: Growth Loops, CAC + LTV Benchmarks, Pricing, Discounts, Paywalls... | E1204 · 20VC with Harry Stebbings
PredictionNot checkable as stated
Carter: Apple and Google will lower App Store fees within 10 years
“I do think that there may be some factors over the next 10 years that start to make this a little bit easier. For example, 15 to 30% app store fees. I think Google and Apple are under increasing pressure to lower the average app store fee, at least in certain …”
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Insight
Carter: Longer onboarding quizzes drive higher conversion for health and finance apps
“In categories like health and wellness or finance, where you're making a very considered purchase. And part of the value promise is believing that this product is being tailored to your unique needs. In that context, a longer onboarding quiz, if implemented co…”
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Insight
Carter: Winning in LLM Optimization Requires the Exact Same Assets as SEO
“A lot of the underlying things that you need to do to be really successful in SEO. Are the same things that you need to do to be really successful with these LLMs, right? You need to have a product that is relevant. You need to have content that people find in…”
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AssertionSupported
Carter: Average Consumer App Loses 50% of Annual Subscribers in Year One
“The average consumer subscription app is losing more than 50% of its annual subscribers in the first year and more than 50% of its monthly subscribers in the first three months.”
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Insight
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“In my opinion, Before you have product market fit, you don't even really know if you're building the right product. And then even once you have product market fit, you then need to figure out how do I get this product to scale within the right channel so that …”
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