Remotification will continue to accelerate this trend
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The focus was on the user - providing a great UI/UX - using the feedback they provided to optimize product iteration.
Products became trojan horses that expanded rapidly inside organizations who typically never saw it happening. This virality led to rapid growth.
The CAC was incredibly low meaning massive margins.
Evangelical support isn't a nice to have, it's a pre-requisite. This isn't a problem initially but it is eventually. That support often fades and momentum peters out.
Their products are not anti-fragile. They were the shiny thing that everyone wants for a minute but relevance is often fleeting.
Product-led SaaS is driven by features. Community-led SaaS organizes and progresses around the collective.
As costs come down, money is less important while community is exponentially more so.
Product-community fit is more important than the market. This is often achieved pre-product.
'It is what it is' achieved much of the above. Though there was no product, they showed the potential for community-led SaaS as a model.
This will emerge as a mechanism of creation.
The users are the owners.
The evangelicals are the creators.
The flywheel is that they use these things themselves.
Their solutions solve problems for millions/billions of people who haven't even experienced them yet.
'Party rounds' was coined negatively but the reality is that the party is a community.
Their helpfulness is as customers, users, salespeople, recruiters. Success is dictated not by the money they invest but the time.
I believe some of the world's biggest problems will be solved in this manner across the next decade.
Would you participate in a venture collective?