35-year-old CEO dumped his ‘pretty good’ startup—and built a $1.4 billion business instead

  • 📰 CNBC
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 72%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

Just when Spenser Skates and Curtis Liu's first startup was on the rise, they shut it down — and replaced it with an analytics business now worth $1.35 billion.

Here, Skates discusses the risks of ditching Sonalight, how to build great ideas rather than good ones and why software engineers don't always make the best startup founders.

But we'd been working on it for almost a year, and it was starting to become clear to us that the technology wasn't good enough, in terms of creating a great user experience and getting people to engage and come back. It wasn't useful enough as a product to be really sticky. We had built our own analytics in-house. What was interesting was a lot of the insights we were getting about [Sonalight's] customer journey, so many other companies wanted those exact same insights. We were like, "OK, this is fantastic."Why did you feel the need to chase "breakout, massive" success? Was there something wrong with good enough?

 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 12. in İT

Italia Ultime Notizie, Italia Notizie