Yeah, I mostly focused on the Q1 question so didn’t have time to do a proper growth analysis across 2021
Yeah, I was talking about the Q1 model when I was trying to puzzle out what your growth model was.
There isn’t a way to get the expected value, just the median currently (I had a bin in my snapshot indicating a median of $25,000). I’m curious what makes the expected value more useful than the median for you?
A lot of the value of potential growth vectors of a business come in the tails. For this particular forecast it doesn’t really matter because it’s roughly bell-curved shape, but if I was using this as for instance decisionmaking tool to decide what actions to take, I’d really want to look at which ideas had a small chance of being very runaway successes, and how valuable that makes them compared to other options which are surefire, but don’t have that chance of tail success. Choosing those ideas isn’t likely to pay off on any single idea, but is likely to pay off over the course of a business’s lifetime.
I just eyeballed the worst to best case for each revenue source (and based on general intuitions about e.g. how hard it is to start a podcast). Yeah, this makes a lot of sense – we’ve thought about showing expected value in the past so this is a nice +1 to that.
Yeah, I was talking about the Q1 model when I was trying to puzzle out what your growth model was.
A lot of the value of potential growth vectors of a business come in the tails. For this particular forecast it doesn’t really matter because it’s roughly bell-curved shape, but if I was using this as for instance decisionmaking tool to decide what actions to take, I’d really want to look at which ideas had a small chance of being very runaway successes, and how valuable that makes them compared to other options which are surefire, but don’t have that chance of tail success. Choosing those ideas isn’t likely to pay off on any single idea, but is likely to pay off over the course of a business’s lifetime.
I just eyeballed the worst to best case for each revenue source (and based on general intuitions about e.g. how hard it is to start a podcast). Yeah, this makes a lot of sense – we’ve thought about showing expected value in the past so this is a nice +1 to that.