Startup Funding Espresso -- Challenges With North Star Metrics
b'Challenges With North Star Metrics Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. The North Star Metric seeks to capture the essence of a business in just one metric. It makes decision-making easier. Anything that doesn\\u2019t foster that metric is deprioritized. It does change over time as the company\\u2019s priorities change especially with growth. It\\u2019s not always a simple metric and can be complex depending on the business. You can however choose a simple one so it\\u2019s easier to communicate. Here are some examples: Spotify -- Time spent listening to music. Quora -- Number of answers to questions. Uber -- Rides per week. Amazon -- Purchases per prime subscriber. The North Star Metric can focus on time spent, transactions, productivity, or other. Consider what drives your company\\u2019s growth and focus the North Star Metric on it. Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.Let\\u2019s go startup something today. ___________________________________ For more episodes from Investor Connect, please visit the site at: \\xa0 Check out our other podcasts here: \\xa0 For Investors check out: \\xa0 For Startups check out: \\xa0 For eGuides check out: \\xa0 For upcoming Events, check out \\xa0 For Feedback please contact info@tencapital.group\\xa0\\xa0 Please , share, and leave a review. Music courtesy of .'