by Max Levchin
Selling Customers -- Getting the Product Out
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Technology companies face four major development hurdles along the path to success: basic concept, the product, getting it to customers, and making money. Focusing on the last, the two prevalent business models for making money in the high tech market are advertising or partnering. After thorough analysis comparing the costs of different advertising strategies, the Paypal founders decided that, however unintuitive, giving each customer $10 for opening a new account was the cheapest method to obtain customers.
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Lectures
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Lecture 1: Lucky or Brilliant?
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Lecture 2: Paypal Cofounders Met in Terman at a Seminar
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Lecture 3: How We Attracted Our First People
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Lecture 4: Selling Employees, Selling Investors, and Selling Customers
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Lecture 5: Selling Investors: Beaming at Bucks
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Lecture 6: Selling Customers -- Getting the Product Out
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Lecture 7: Exponential Growth
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Lecture 8: Coping with Fraud
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Lecture 9: The Initial Public Offering (IPO)
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Lecture 10: Viral Marketing
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Lecture 11: Changing the Business Model
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Lecture 12: Beating Competitors - and the Conventional Wisdom
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Lecture 13: Negotiating with eBay
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Lecture 14: Advice to eBay (the acquirer)
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Lecture 15: When and Why to Merge With a Competitor to Dominate a Market
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Lecture 16: Paypal is Not a Bank
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Lecture 17: Looking Ahead to Their Next Venture
Instructor
Max Levchin
Paypal
Max Levchin co-founded PayPal in late 1998. It was acquired by eBay for $1.5B in 2002, only six months after going public in February.At PayPal Max was a member of the board of directors and chief tec…
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