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Arcane

Quest for Insight an... • 5m

A North Star metric is a KPI that helps you understand if your business is meeting the expectations of your customers and team. For something to be a North Star metric, it should: 🔹be One single metric 🔹contribute to generating income for your business. 🔹represent what your customers find valuable in your product or service. 🔹help you track how well your business is doing over time and provide actionable insight How important is it? Let's understand: Myspace was a social networking platform that gained immense popularity in the early 2000s before Facebook entered the game. Facebook's NSM was Monthly active users, while Myspace used registered users as the NSM. The problem with Myspace's metric? It focused on attracting new users who may not use the platform regularly, while Facebook's metric focused on keeping existing users engaged. This was one big reason which contributed to Facebook's success and the failure of Myspace.

8 replies5 likes

Replies (8)

Anonymous 6

Hey I am on Medial • 5m

is relying too much on one metric enough to understand the full picture of a business's health? I mean mission and vision and culture everything was same or what between these two companies?

1 replies1 like

Anonymous 5

Hey I am on Medial • 5m

Kuch bhi banale ek na ek myspace aa hi jaata hai for every facebook. I am sure somewhere out there koi Medial bhi copy kar raha hoga.

1 replies

Anonymous 4

Hey I am on Medial • 5m

Focusing on the right metric like monthly active users can really make or break a business because ulitmately retention is the only true indicator of PMF i think.

0 replies1 like

Anonymous 3

Hey I am on Medial • 5m

If MySpace was only looking at registered users, that’s because at that point they were only, and the first social platform, with no competitor. These metrics were defined and understood over time

0 replies1 like

Anonymous 2

Hey I am on Medial • 5m

💯

0 replies1 like

Anonymous 1

Hey I am on Medial • 5m

Informative 💯

0 replies3 likes

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