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E324 | EUVC Awards | Sarah Drinkwater, solo GP at Common Magic on community as investment focus

EUVC

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Exploration of Community Building and its Strategic Significance for Product Success

Community, in the context of product success, goes beyond traditional offline communities to refer to tactics that facilitate peer-to-peer connections and ecosystem building around a product, resulting in network effects. This strategic community building enables products to establish a strong market presence and develop a loyal user base. Leveraging community can help products like GitHub and Figma to gain reputation, foster collaboration, and scale effectively by targeting specific affinity groups and leveraging their influence as evangelists. By focusing on building a product that caters to the needs and desires of a particular community, companies can drive adoption, loyalty, and ultimately, success.

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