Michael Seibel - How to set your KPI?

Michael Seibel, Managing Director at Y Combinator and co-founder of Justin.tv/Twitch and Socialcam, explains how to set your Key Performance Indicator.

[@eric_andrews]

All these videos are honestly insanely helpful for us that work in the startup ecosystem. Thanks for open sourcing it's much appreciated

[@carriegibson5111]

I deposited $500 in Bitcoin myself and allowed Mrs kimberly trade for me and I got my payout of $5500 🙏🙏

[@carriegibson5111]

Contact her at What'Sapp 🙏🙏

[@carriegibson5111]

[phone] From Florida USA okay🙏🙏

[@spyderfighter009]

Can't emphasize enough how great these videos are. Kudos to the YC team!

[@davidalbers5686]

Really loving the new YC logo sequence!

[@kashtonpeter6462]

pro tip : you can watch movies on Flixzone. I've been using them for watching lots of of movies lately.

[@lyricanakin844]

@Kashton Peter Definitely, I've been watching on flixzone for since december myself =)

[@zekewilson1371]

@Kashton Peter yup, I've been watching on flixzone for since november myself =)

[@Marco-wz8xw]

Thank you a lot for your wisdom, Michael! My KPI is recurring revenue (MRR) and I broke it into two parts: 1) # of Customers, and 2) Average Monthly Revenue per Customer. Then I brainstormed projects around those 2 main verticals of work and my goal is to double my MRR in the next six months (till the end of the year).

[@Neonb88]

I hope commenting gets KZbin to recommend this video to me in the future. As usual, Michael is considerate of our time and helps break down the many-many-variable-problem that is startup success

[@carriegibson5111]

I deposited $500 in Bitcoin myself and allowed Mrs kimberly trade for me and I got my payout of $5500 🙏🙏

[@carriegibson5111]

Contact her at What'Sapp 🙏🙏

[@carriegibson5111]

[phone] From Florida USA okay🙏🙏

[@jessbuildstech]

The editing at the start of the video is :chefs_kiss: great!

[@carriegibson5111]

I deposited $500 in Bitcoin myself and allowed Mrs kimberly trade for me and I got my payout of $5500 🙏🙏

[@carriegibson5111]

Contact her at What'Sapp 🙏🙏

[@carriegibson5111]

[phone] From Florida USA okay🙏🙏

[@reddotventure5512]

Generic KPIs. 1. Revenue 2. Usage 3. Contracts signed ( Enterprise company) 4. Milestones ( Science company) Specific KPIs, Customize based on your company and products.

[@lepchenkov]

Thanks Michael!

[@martinstine]

Thanks a lot Michael. 🙌🙌🙌 YC

[@Andrew_reads]

Very clear and useful video. Thanks Michael.

[@allset8053]

Great video! Thanks Michael

[@That-is-epic]

Loved it thank you very much.

[@igornovik3468]

nice explanation! Thanks!

[@dhpwd]

Pretty sure Airbnb's north star metric/primary KPI is nights booked? While that obviously correlates fairly directly to revenue, any thoughts?

[@carriegibson5111]

I deposited $500 in Bitcoin myself and allowed Mrs kimberly trade for me and I got my payout of $5500 🙏🙏

[@carriegibson5111]

Contact her at What'Sapp 🙏🙏

[@carriegibson5111]

[phone] From Florida USA okay🙏🙏

[@ermiasdeangeli3191]

just setup my KPIs. Thx Michael!

[@ebiekuraju]

Clear and concise, thanks.

[@adedayoadeniran]

Thanks, it is really helpful

[@natsaliya]

Thanks! Great and short explanation

[@Sondre7]

Great video! Make many more of these!

[@wendellmisiedjan7676]

Thanks for this video!

[@amarriyaz6723]

Do you have any tips for defining what an active user is?

[@stacyhackney6100]

Thanks.

[@DoctorPe949]

Sir please details mentor facilities process

[@adedayoadeniran]

Can a startup also focus on profitability over revenue growth especially to keep the light on when still reaching out to investors

[@unuakhe]

Hey man, profit is not a metric to prioritize as an early stage startup.

[@adedayoadeniran]

@@unuakhe Thanks, I understand and it is not that the profit is that much but, focusing on revenue growth it is a bit costly and we need to keep running till we get a seed investment. That is why we are maintaining customers and putting effort into organic acquisition

[@davidalbers5686]

@@adedayoadeniran As are all things, it's a balancing act. You obviously know more about your business and it's your call what the "right" thing is. Generally speaking, startups are called startups because of growth. If you're not growing rapidly it's a good business but not necessarily a startup. Focus on making your customers happy and iterating towards PMF. Generally paid growth is not the most sustainable source of growth.

[@adedayoadeniran]

@@davidalbers5686 Thanks, I understand your points. That is also why we are looking towards organic and more sticky growth outside paid, since there is profitable unit economics on stock just that organic doesn't provide more growth like paid does, which sometimes the growth is also profitable. But I know it is a PMF game

[@adedayoadeniran]

@@unuakhe It is an Agricecommerce startup

[@komencokajinstigo1668]

KPI, here I go... ➡

[@aadilmanzoor9930]

1st

[@BobTheSlayer333]

Damnit!

[@richardantao3249]

10th

[@ahsanmohammed1]

Good info. Thanks. Back up. Too much face. Thanks.

[@hebrewwolf6540]

blm folks, amiright? 🤣