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founders.menu 015 » startup adoption behaviour & 6x new ingredients
Dive into startup adoption behaviour, get 3x new reads, 3x new streams and ponder multi-product vs. single-product entrepreneurship.
Happy Sunday. ☼
Read time this week → 4 minutes.
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Starter » a mental model
Startup Adoption Behaviour ↓
All companies started with few paying customers. Your innovators are the absolute nerds and evangelists in your space, but they are not comparable to the majority of the market. This Adoption Behaviour illustration was originally coined by Ohio State professor Everett Rogers in 1962 and still makes a case for startups nowadays to overindex on acquring early adopters. You can identify these a couple of ways:
‣ They are trying to solve a top 3 top of mind challenge in their life.
‣ They “pull it out of your hands” because they need it so much.
‣ They are willing to spend time & money on an 80% solution.
If these 3x descriptors are not the case, they are likely not your early adopters and you need to keep on looking. To make identifying early adopters easy, there is something called the SPA Treatment, which will help you prioritise your potential customer segments and early adopters to know which to tackle first, next & later. By identiying the size of the market, the price they are are willing to pay and the accessibility of said customer segment to yourself, you will get get a good feeling of who you should target and speak to first.
Who are your early adopters & why are they the right fit for your startup?
Ready to make sense of your adoption curve? Get the free SPA Template:
Here is a quick overview with some fresh ingredients on the founders.menu (we are currently totalling 658x ingredients across 5x startup stages):
ϟ Tools | ䷀ Reads | ⦿ Streams | ⟐ Templates |
---|---|---|---|
554 [-] | 67 [+3] | 18 [+3] | 9 [-] |
3x fresh ⦿ Streams
3x fresh ䷀ Reads
As promised, you can now submit directly via founders.menu/submit, so you can suggest any HQ ingredient you feel should be on there.
What’s next? Product detail and /blog pages are still in the works.
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