About
High-energy, entrepreneurial technology executive and venture/product adviser. Advised 100+ Ventures. I've designed elegant, user-oriented products, crunched data, developed new mathematics, invested in ventures & projects, entertained crowds, raised capital and assembled successful LBO teams. I craft new technologies, connect people and advise multiple ventures and accelerators around the globe. I have a passion for strategy, product design, new ideas and innovative problem solving. Look out for our Kopernicus AI launch early AUGUST!
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How do you Prioritize Features: "RICE" or "Rattouie"?
How does your team decide what to build next? --------------------------------------------- Context: We're launching Kopernicus AI soon, which generates Strategic Market Intelligence as-a-Service. Makers have been asking us how we cut through the noise to prioritize what to build. Conventional wisdom suggests the RICE model: RICE Score = Reach X Impact X Confidence X (1/Effort). But we found some flaws: * REACH - is great - but this is an exponential quantity so anything of low priority reaching 1,000,000 users, say, will dominate. * IMPACT - is critical, but because its just one of the multipliers something of massive, critical impact to a subset of your users can easily be weighted out by a nice-to-have with global reach. * CONFIDENCE - useful but hard to cause and again something critical of low confidence gets weighted away. * EFFORT - vital, but again a small task which takes a fraction of a time unit (part of a week) creates a massive multiplier effect, which can force the team to spend their entire time on tiny trivial tasks. --------------------------------------------- Our Solution? The RI2E "Rattouie" Score: --------------------------------------------- RI2E = Reach * (Impact)^2 / (1+Effort) Here s how it works: REACH - we grade this out of 10 where 10/10 is our entire user base or pipeline. This avoids orders of magnitude warping the score. IMPACT - the most critical quantity, and rated out of 10. We originally squared this (which is there the "2" comes from) but more recently we've been cubing it. This places absolute primacy on customer impact. If there is a customer niche that has something critical, Rattouie will correctly weight it. EFFORT - is as before scored in weeks. We add 1 to the divisor to blunt the effect of tiny fractions. This gives weight again to critical, high impact issues which otherwise take a long time. CONFIDENCE - goes away as a parameter - we just update our other assumptions every week as new information comes to hand --------------------------------------------- Could this work for you? Do you see any issues or even tweaks which might be necessary? Find out what we built using Rattouie right here: https://www.producthunt.com/prod... So what method do YOU use to prioritize? How well is it working for your team? Looking forward to your thoughts and methods! Mike Kyriacou CEO & Head of Product Kopernicus AI Launch Coming Soon! https://www.producthunt.com/prod...
What tools do you use for Market Research?
Wondering what different tools folks use to - Gather Data, and then - Analyze Result What do you find works best and why? Mike Full Disclosure: I'm with Kopernicus AI launching very soon (https://www.producthunt.com/post...). We never stop learning, so we're keen to learn what tools and techniques people love.