- 10 hours
- Medium
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Got it!Last updated on 3/30/22
Quiz 2
Evaluated skills
- Understand the concept of an MVP
- Understand the basics of prototyping
Question 1
Facebook was not the 1st social network, Friendster and mySpace got some significant traction before. What was the essence of FaceBook win over these earlier entrants?
More funding
Timing : people were more inclined to using SN in 2008-2009, than in 2002-2003 when Friendster and Myspace first came
The roadmap of FaceBook, starting from University campuses
The monetization: FaceBook was quicker able to convert users, usage, into an efficient revenue model
Different focus in the social interaction induced by each platform
The huge value of the social graph for FaceBook partners
Question 2
Why do innovations mostly fail?
Customers who don’t buy ?
Competition, later entrant, substitute who beat you up?
Technology that doesn’t match with market requirements?
Lack of funding?
Legislation?
Quality issue?
Question 3
What is the best base for testing your early prototypes?
Friends
Family
Close network
Reachable but not close network
Total strangers
Yourself and your ventures early team
- Up to 100% of your training program funded
- Flexible start date
- Career-focused projects
- Individual mentoring