If founders today feel clueless, believe me, you cannot possibly complete with founders in Boston in the 1990s.
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I first understood how unusual startup growth was when I explained to my then girlfriend's father that our growth rate was about 15%. A year? he asked. No, a month, I replied. He was astounded. I had never realized it was unusual. I didn't know what normal growth rates were.
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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What year was this?
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Maybe 1996 or 1997.
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There was this moment when I was discussing user growth with my ex boss (who was from a retail banking background) and he refused to believe that we had doubled our user base 100% month on month for 6 months
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2, 4, 8, ... ;) sorry I had to do it
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Revenue.
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Going from 10 to 20 users is different than going from 1 million to 1.5 million. The first is twice the growth rate of the second. Context is important when discussing growth by a %.
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This is 100% correct. Revenue growth doesn't always translate into similar EBITDA growth unless the business exhibits strong operating leverage characteristics and has a defensive economic moat to prevent other competitors compressing margins
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Did understandings of the rate of churn evolve at the same time/pace?
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Good question
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