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Startups For the Rest of Us
Episode 622 | Making Hard Product Decisions & Growth vs. Profitability with Derrick Reimer
Sep 13, 2022
Derrick Reimer, founder of SavvyCal, shares his insights on the tricky balance between profitability and growth. He discusses the rationale behind specific product feature decisions and the challenge of deciding what not to build. The conversation touches on the importance of customer feedback and maintaining a clear product vision despite diverse market demands. Derrick also reflects on the complexities of engaging in public debates on Twitter and offers a glimpse into the latest developments in subscription models.
49:53
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Quick takeaways
- Derrick Reimer emphasizes the importance of understanding user needs in product development by balancing feature requests with the core mission of SavvyCal.
- The discussion underlines the financial tightrope for entrepreneurs between maintaining profitability and pursuing growth in a bootstrapped SaaS environment.
Deep dives
Feature Development and Customer Demand
Derek Reimer recently launched a scheduling feature that requires approval for new bookings before they appear on a user's calendar. This decision was driven by strong customer demand among power users who experience scheduling challenges due to high demand for their time. By integrating this simple toggle feature, SavvyCal not only addresses a significant pain point for its users but also aligns with its branding as a scheduling tool. The move is anticipated to attract the right kind of users who appreciate features that safeguard their time, demonstrating the importance of understanding user needs in feature development.
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