Edu: Data-Driven Decision-Making - Radioactive, Handle With Care

Data is radioactive.

Handle it appropriately and you can harness its extreme power for your startup.

Don’t and the promised invaluable insights will decay and destroy it!

Thankfully Chris and Yaniv explore the art of data-driven decision-making in this week’s episode of The Startup Podcast. Listen as they investigate:

📊 Choosing Wisely: Use product telemetry data for insightful product decisions, steering away from the common trap of relying solely on business metrics like revenue and user numbers.

🚀 Being Guided, Not Dictated: Embrace a data-informed approach without losing sight of your startup's vision and intuition; data complements, but doesn't dictate.

🚨 Avoiding Pitfalls: Navigate the pitfalls of false precision and data fallacies. Understand that data, without proper context, can lead to misguided decisions.

🧹 Trimming the Excess: Don't drown in data! Collect only the essential information to avoid distraction and distortion of priorities.

❤️ User-Centric Approach: Prioritize user love over customer and investor data. A product that users genuinely love will naturally attract success.

This episode serves as a compelling reminder that while data is a powerful tool, it must be wielded judiciously. Tune in for an enlightening discussion on steering your startup with the right balance of insight, vision, and data

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Learn more about Chris and Yaniv

• Work 1:1 with Chris: http://chrissaad.com/advisory/  

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• Follow Yaniv on Linkedin: https://www.linkedin.com/in/ybernstein/

Credits

Lovingly handcrafted for the global startup community by:

Editor: Justin McArthur

Associate Producer: Aidan Cousins

Intro Voice: Jeremiah Owyang