Personal Lessons from Startups – Part 4 of 5

Iterate and Experiment Startups are known for their iterative approach. They test hypotheses, gather feedback, and continuously improve or adjust their products or services based on customer insights. Startup story: Originally known as Justin.tv, Twich began as a general live-streaming service in 2007. The founders, Justin Kan and Emmett Shear, encountered numerous challenges before identifying their sweet spot in the gaming and esports market. Here’s how Twitch iterated to find its product-market fit: Diverse Streaming Platform: Justin.tv allowed users to broadcast a wide range of content, from personal vlogs to general interest live streams. However, it struggled to attract a…...