WSGR
Wilson Sonsini Goodrich & Rosati is the premier legal advisor to technology, life sciences, and other growth enterprises worldwide. We represent companies at every stage of development, from entrepreneurial start-ups to multibillion-dollar global corporations, as well as the venture firms, private equity firms, and investment banks that finance and advise them. The firm's broad range of services and practice areas are focused on addressing the principal challenges faced by the management, boards of directors, shareholders, and in-house counsel of our clients.

CodigoDelSur
CodigoDelSur is a designer and developer of digital products. Having worked with Founder Institute startups in the past, they come as a highly recommended Founder Institute referral. They are composed of highly skilled software, web, and mobile app developers, who are excited to incorporate the latest technologies into the applications they develop.

Xero
Xero is everything you need to run your business financials. Work with a beautiful small business accounting software complete with accounting, invoicing, payroll, inventory and more. Xero seamlessly integrates with over 500+ business apps, including CRM, point-of-sale, time tracking, ecommerce, just to name a few. Join the 700,000+ businesses using Xero in more than 180 countries.

Vet-Tech
Vet-Tech is America's Veteran-led Startup Accelerator headquartered in Silicon Valley. With over 100 military veteran startups in our community, Vet-Tech's top 20 portfolio companies have raised over $10 Million in funding and have been accepted into world class programs like Tech Stars and Founder Institute.

Startup Weekend

 

Through the Startup Weekend Fellowship, members of the Startup Weekend Community who want to start a technology company can apply to the Silicon Valley Founder Institute chapter for free, and the best overall applicant will be invited to participate in the Founder Institute's step-by-step startup launch program for free as well.



Eligibility: In order to be eligible for the Startup Weekend Fellowship for the upcoming semester, you must complete your application and admissions test by Sunday, December 11th, 2016, using this link.


Grant: The recipient of the Startup Weekend Fellowship will be awarded within 5 days after the deadline.


Click here to apply for the Startup Weekend Fellowship.


What Should You Do When Your Product is Launched? Read This to Find Out.

Posted by Joe Garza on 2017-03-15

Launching a product is an important milestone for any startup, but it should not be the end goal. Once a company's offering has been released to the public, the work doesn't, and shouldn't, end there. However, in this syndicated blog post, of Intercom offers his advice on what founders should do to get the most out of their recently launched product, and how it can put their company on the path to success.

The blog post, "Your Product is Launched. Now What?", originally appeared on Inside Intercom and has been republished below with permission.

If you work in marketing you know the drill. As your launch day comes to a close, it’s natural to pat each other on the back and wipe your hands clean as you head home. The hard part’s over. You launched.

The reality is you aren’t done. The launch is the start of the marketing journey, not the end goal. You now begin a cycle of listening, learning, iterating and shipping improvements based on real customer feedback instead of assumptions.

What Happens After the Spike?

Part of my perspective on launches comes from how we break down the role of the marketing team at Intercom. Our team has four core responsibilities that all contribute to different stages of the marketing/sales funnel. The product launch touches on the first three of them.

  • Reach: get our messaging in front of the right audience
  • Attract: get that audience to visit our site and become leads
  • Convert: convince leads to signup and become customers
  • Educate: help customers get increasing value and love our product

Launches produce spikes in traffic that look great from a “reach” and “attract” perspective, but when you dig further down the funnel and things often look less rosy. The reality is, product launches aren’t highly targeted. They generate record traffic days, but the bulk of that traffic comes from people who don’t end up buying. Here’s a peek at traffic generated by the public beta launch of Acquire, our live chat product to communicate with visitors to your website. It resulted in a record traffic day, but this returned to normal levels fairly quickly.

At Intercom, we aim to measure the success of our product marketing across every stage of the funnel. If an increase in traffic doesn’t translate to an increase in conversions (new signups, upgrades or cross-sells), then our launch hasn’t been successful, and we need to understand why.

A product launch gives you a vast data set from which to learn, iterate, test and fix your messaging across the entire customer lifecycle: from announcement email to landing page to onboarding flow and shopping cart. We consistently find that the small changes we do after launch drive more product adoption than the launch itself.

The Post-Launch Feedback Loop

After the launch, product marketing’s job is to identify confusion or issues that might prevent people from buying the product.

1. Listen to the Unfiltered Response

Before the launch, you have a set of assumptions about who you’re selling to and why it matters to them. After launch, that picture becomes clearer. The launch turns on a firehose of qualitative and quantitative feedback and, as hard as it is, your job is to listen to it all without reacting (we’ll get there in step 2). After all you might find that the biggest issues aren’t with the product itself, but with everything surrounding it.

Here are some ways we collect qualitative feedback:

  • For feedback that comes in through Intercom, our sales and support teams loop us in
  • We sit in on sales calls to hear followup questions asked after a demo
  • We monitor social media mentions

Here are some ways we collect quantitative feedback:

  • We look at Google Analytics
  • We collect click-through and scroll data with Inspectlet
  • We also work with our research team to conduct user tests of the page

It’s incumbent upon you to collect as many opinions as possible from both inside and outside our company. At this stage of the process, any and all opinions are valid, so shoot for breadth. In the next step we’ll start to categorize data points and prioritize follow up action items.

2. Make Sense of the Feedback

Once you’ve gathered post-launch feedback, how do you organize it all? I like to start by grouping feedback into two broad categories,“pricing” or “messaging”, and continue to get more specific as sub-themes emerge:

  • Consistent customer support issues: this includes bugs, setup issues, integration issues.
  • Landing page engagement statistics: this includes the number of people clicking your CTA, understanding what your product does, scrolling all the way to the end, and generally engaging with everything you worked to put on your landing page.
  • Pricing confusion: this might come through feedback that your pricing is too high, complicated, or unjustifiable. Others might ask for a free trial.
  • Conversion issues: are people signing up but not installing? Canceling after the free trial? All of this should be documented and grouped in a bucket.
  • Customer churn: for canceled accounts, document the characteristics of canceled accounts. Patterns will likely emerge. For instance, if everyone churning is a 3-person startup and your product is aimed at enterprises, maybe you’re targeting the wrong audience.

As you may have noticed by now, often what you learn post-launch is outside the traditional realm of product marketing. We believe product marketing isn’t just messaging; it’s part of a system of how a product is received and consumed at every stage of the sales and marketing funnel.

3. Ship Continuously

Like we do in software, in product marketing we ship improvements to our messaging continuously. Iterating towards the right solution prevents you from spending time and resources effectively re-launching your product.

For example, for the launch of Acquire we offered a free trial to new users but overlooked the ability to offer one for existing customers, simply because we hadn’t done this in the past. We quickly received lots of feedback about this and recently began offering existing customers a free trial.

Another smaller change we made was a result of broad confusion regarding the name. Upon visiting the Acquire landing page, users didn’t immediately know who the product was for or what it did. Rather than do something drastic and time consuming, like change the name of the product, we added a more descriptive header to make it more obvious.

The change is subtle, but we started seeing fewer confused customers. These iterations aren’t always as glamorous or sexy as the product launch, but they move us in the right direction. Also, just because we have identified a problem and made a change doesn’t mean you’ll get the result you hoped for. After you publish a change, you go back to step 1 and start listening again to see if you are on the right path.

Small Thoughtful Steps

It’s natural to focus on a launch date and there’s a huge effort to coordinate efforts between your product, support and marketing teams to have everything in place for the big day. But as a marketer it’s a mistake to take your foot off the pedal when you get the product or feature into the hands of customers.

The product marketing journey begins when you launch. Crafting the perfect message, pricing, user experience, and more, continues with small thoughtful steps throughout the life of the product. It’s tempting to chase after the next shiny product launch, but it’s important to keep iterating on what’s already out in the world. You never get it right the first time.

(New Product Promotion Marketing Target Concept image by Shutterstock)

What Should You Do When Your Product is Launched? Read This to Find Out.

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