Koen Droste shares how Polarsteps aligned its early investors around NPS as the sole milestone for viral product-market fit.
Opinion
Net Promoter Score Is Undervalued for Driving Viral and Organic Growth
“And I know there's a lot of criticism out there about MPS and its value, but I think actually that MPS is very undervalued for what it means if you want your company to grow through virality or organic growth, however you want to call it.”
Insight
Polarsteps Rejected Scrappy MVPs in Favor of Heavy Pre-Launch Polish
“I think one thing where we've been a bit different also from other scale up stories is that we've always been really, really quality driven. And that's something that a lot of people say they are, but in the end, there's also this truth of, Hey, okay, be scrap…”
Insight
Investor Demands for Early Revenue Signal Misalignment on Viral Growth
“And I've spoken to other entrepreneurs who also really believed in this model of MBS, but they could not get it going because at some point their investors, you know, started asking, where's the revenue? But if that actually happens, it's already too late beca…”
Insight
Early Founding Designers Are Crucial for App Branding and Pitch Decks
“We also had a designer on that team, which, you know, some people wonder like, okay, why would you have a designer show early on? But it makes a lot of sense. I think if you're developing an app that you can really invest, not only in the design of your app it…”
Disclosure
Polarsteps Avoided Building for Android Until iOS Validated Product Value
“So one decision that we took early on is we're not going to build an Android app because for In the early days, you know, what we built, there was no, it was not like a chat where you should be able to talk with each other or whatever. So we didn't need that. …”
Assertion Not checkable as stated
Polarsteps Generated Zero Revenue for Two Years After Launch
“We shipped, we launched in 2015, the first version of the ad, March, 2015, and we only started making our, we only made our first euro in revenue in 2070.”