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Lessons Learned Building Moz

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Rand Fishkin's presentation on lessons learned building SEOmoz.

Published in: Technology, Business
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  • Dating direct: ♥♥♥ http://bit.ly/369VOVb ♥♥♥
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  • Marketing is far more important than your product.
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  • Thanks for sharing this Rand.

    I definitely think point #8 is what most startups and entrepreneurs should take away: you are not Facebook, Apple, Dropbox, Instagram or Google, so stop using them as your benchmark!

    It always feels silly when people say 'We're the next Facebook!'

    No, you're not. You're building something different (or at least I hope you are) and you should use your own measurements for success.

    Thanks again!

    PS. I didn't think someone would bring a baby as a team member in a startup, but... I guess their adorableness is an asset.
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Lessons Learned Building Moz

  1. 12 Lessons LearnedBuilding SEOmoz Rand Fishkin, CEO Download at http://bit.ly/mozlessons2012
  2. $450K+ in personal debt sucks… a lot.
  3. On track for $20mm+ this year
  4. #1: Establish Core Valueshttp://www.seomoz.org/blog/what-we-believe-why-seomozs-tagfee-tenets
  5. #2: Stick to Your Values, (Especially When It’s Hard)“The core values embodied in our credo might be acompetitive advantage, but that is not why we havethem. We have them because they define for us whatwe stand for, and we would hold them even if theybecame a competitive disadvantage.”- Ralph S. Larsen, CEO of Johnson & Johnson http://www.jimcollins.com/article_topics/articles/good-to-great.html
  6. #3: Build a Team that Matches Your Values http://blog.eladgil.com/2012/04/never-ever-compromise-hiring-for.html
  7. #4: Marketing Matters as Much as Producthttp://www.seomoz.org/blog/i-disagree-with-fred-marketing-is-for-companies-that-have-great-products
  8. #5: Make Customer Acquisition Cost a Competitive Advantage Paid Channels Only 15% of Moz’s customers come via paid channels; hence our cost to acquire customers is ~$73 and payback period is 0.7 months! ThisInbound meant we could grow and invest, even when we couldn’t raise outside funding.
  9. #6: Don’t Be Afraid of Letting People Go
  10. #7: You Are Not the Customer.
  11. #8: Don’t Let Outliers Become a Yardstick or a Trend AKA: You are not these five companies
  12. #9: Humility is the Most Overlooked, Undervalued Trait in Startupland
  13. #10: The Price of Success is Failure After Failure After Failure.This is when Geraldine started her blog
  14. #10: The Price of Success is Failure After Failure After Failure. This is where people usually give up.
  15. #10: The Price of Success is Failure After Failure After Failure.Past 3 months are averaging 3.5K visits/day
  16. #11: Best Way to Get Startup Experience – Join a Startup
  17. #12: Don’t Go It Alone
  18. Download this deck:http://bit.ly/mozlessons2012

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