5min snip

This Week in Startups cover image

Startup Pitch Competition: Four founders compete for $25K | E1991

This Week in Startups

NOTE

Charge for Quality: Friction Equals Value

Requiring payment for account creation in online marketplaces can significantly reduce spam and enhance the quality of participants. A nominal fee encourages serious engagement and discourages the misuse of the platform. This model can also support a sales team by covering acquisition costs effectively. By implementing innovative pricing strategies, such as lifetime subscriptions at a reduced rate versus monthly fees, startups can test and optimize customer engagement. Current economic conditions offer plentiful talent, making it an opportune time for entrepreneurs to grow their ventures with minimal capital by focusing on consistent, manageable customer growth. Regular, moderate increases in customer base can attract seed funding, which is crucial for scaling operations.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode