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Bob Schwartz • 1 year ago

"How do you build a $100 million business? --> Simple, start with a $1 Billion business ;-)
Sorry, I couldn't help myself!

Love your post - i talk about this type of segmenting with my companies a lot!

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Michael Babich • 1 year ago

I'd add to flies hunting that virality itself is not enough as it doesn't provide churn which is supported by network effect--which is different from virality. It is network effect that keeps flies using the service for a year, not virality. So, Facebook is not so much in "viral", but rather "network effect" category. Pokemon Go is in "viral" category, but the hype slowly goes down increasing retention.

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Robert Liddiard • 1 year ago

This is really helpful - thanks Christoph. I'll certainly bear this framework in mind when preparing & presenting future growth plans (all of our early customers fall between deer and elephants).

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Nice post! Our product -ProfitBooks.net falls in Rabbit hunting category - Its similar to one of your portfolio companies - Freeagent.. and I can tell you that its the most exciting category of them all :-)

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If you're still looking for ones you might have missed, we might as well add the "WHALE". A $100 Million Dollar client ... (they *do* exist, right?)