Edu: Data-Driven Decision-Making - Radioactive, Handle With Care

Data is radioactive.

Handle it appropriately and you can harness its extreme power for your startup.

Don’t and the promised invaluable insights will decay and destroy it!

Thankfully Chris and Yaniv explore the art of data-driven decision-making in this week’s episode of The Startup Podcast. Listen as they investigate:

📊 Choosing Wisely: Use product telemetry data for insightful product decisions, steering away from the common trap of relying solely on business metrics like revenue and user numbers.

🚀 Being Guided, Not Dictated: Embrace a data-informed approach without losing sight of your startup's vision and intuition; data complements, but doesn't dictate.

🚨 Avoiding Pitfalls: Navigate the pitfalls of false precision and data fallacies. Understand that data, without proper context, can lead to misguided decisions.

🧹 Trimming the Excess: Don't drown in data! Collect only the essential information to avoid distraction and distortion of priorities.

❤️ User-Centric Approach: Prioritize user love over customer and investor data. A product that users genuinely love will naturally attract success.

This episode serves as a compelling reminder that while data is a powerful tool, it must be wielded judiciously. Tune in for an enlightening discussion on steering your startup with the right balance of insight, vision, and data

The Pact
Honour The Startup Podcast Pact! If you have listened to TSP and gotten value from it, please:
Follow, rate, and review us in your listening app
Subscribe to the TSP Mailing List to gain access to exclusive newsletter-only content and early-access to information on upcoming episodes: https://thestartuppodcast.beehiiv.com/subscribe
Secure your official TSP merchandise at https://shop.tsp.show/
Follow us on YouTube
Give us a public shout-out on LinkedIn or anywhere you have a social media following

Key links
The Startup Podcast is sponsored by Vanta. Vanta helps businesses get and stay compliant by automating up to 90% of the work for the most in demand compliance frameworks. With over 200 integrations, you can easily monitor and secure the tools your business relies on. Go to www.vanta.com/tsp for 20% off their incredible offer.
Follow us on YouTube for full-video episodes: https://www.youtube.com/channel/UCNjm1MTdjysRRV07fSf0yGg
Get your question in for our next Q&A episode: https://forms.gle/NZzgNWVLiFmwvFA2A
The Startup Podcast website: https://tsp.show

Learn more about Chris and Yaniv
Work 1:1 with Chris: http://chrissaad.com/advisory/
Follow Chris on Linkedin: https://www.linkedin.com/in/chrissaad/
Follow Yaniv on Linkedin: https://www.linkedin.com/in/ybernstein/

Credits
Lovingly handcrafted for the global startup community by:
Editor: Justin McArthur (https://www.linkedin.com/in/justin-mcarthur)
Associate Producer: Aidan Cousins (https://www.linkedin.com/in/aidancousins/)
Intro Voice: Jeremiah Owyang (https://web-strategist.com/)

#entrepreneur #founder #product #technology #team #data #decision #design