#114 Sanity over vanity – focusing on metrics that matter (with Ole Bossdorf @ Project A)


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Jan 16 2025 54 mins   3

Full show notes, transcript and AI chatbot - https://bit.ly/4gMftip


Watch on YouTube - https://youtu.be/E202iZDFAOY


Chapters:

00:00:00 - Introduction

00:04:13 - Welcoming Ole to the Show

00:04:51 - Ole's Background and Project A Overview

00:05:55 - Role of Data in Early-Stage Companies

00:07:25 - Early Interest in Data

00:09:12 - Timing for Investing in Data

00:10:04 - Early Data Strategy and Investment

00:18:39 - Handling Limited Data

00:21:11 - Challenges in Data Representation

00:23:13 - Asking Stakeholders About Data Usage

00:26:23 - Preventing Vanity Metrics

00:31:06 - Product Managers and Vanity Metrics

00:33:25 - Avoiding Assumptions in Metrics

00:36:33 - Facilitating Solution Creation

00:38:39 - Clustering Metrics for Better Analysis

00:39:37 - On-the-Fly Metrics Exercise: Virtual Conferencing Platform

00:46:11 - On-the-Fly Metrics Exercise: Nutrition and Supplement Company


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Episode Summary:


In this episode of The Measure Pod, Dan and Bhav are joined by Ole Bossdorf, an analytics expert at venture capital firm Project A, which boasts a portfolio of over 120 companies. They discuss the contrast between Ole’s work with early-stage startups and more established businesses, highlighting the critical role of metrics in driving success. The conversation also delves into the challenges and creative solutions for data analysis when dealing with limited information.


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About The Measure Pod:


The Measure Pod is a podcast hosted by Daniel Perry-Reed the Principal Analytics Consultant and Trainer @ Measurelab and Bhav Patel then Director of Experimentation and Analytics @ LeanConvert - veteran practitioners of the marketing and product analytics industry. Join us, and the occasional guest, on our quest to make sense of the analytics industry, having some fun along the way.


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If you liked this episode, don't forget to subscribe to The Measure Pod on your favourite podcast platform and leave us a review. Let's make sense of the analytics industry together!


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