Hi there, So our web based start up just received 250k at a 1 mil valuation in funding from an angel investor. Up to this point my self and the three other co-founders had been putting up the development money our selves. We are extremely new to this game. We just had an idea and decided to go for it. I work in the film industry as a camera operator, one of us is an accountant, one is a lawyer, and the fourth is an ex canadian football player. So now here we are with a bank account full of money and what was, just over a year ago, only an idea.
Our site is currently up in its most basic form as that was as far as we could afford to develop it on our own dime. A very smart friend suggested we begin here, on the hacker news forums, building a game plan on how to take this to the next level.
So my question for this community is pretty broad. If you were in our position where would you begin? As a site that relies on user submitted content we are at the mercy of others to enjoy what we are offering enough to stick around and use the site.
One note I will make is that we are about to sign a deal with pugpharm to work on enhancing the user experience. If anyone has experience working with them, feedback would be greatly appreciated.
Thank you in advance for taking the time to chat with us.
Fansunite.com
First, I would identify what we're trying to do (you know this) and from that figure out 1 to 3 core metrics for the site.
Metrics are hard, but try your best to identify something. A meaningful number. Active users (defined as users creating content) would be good.
Now track the weekly growth percentage of that number (how fast it grows week over week), and focus on keeping that growth percentage around 5%.
Just keep it at 5%.
Now you have a clear focus. Good luck! http://www.paulgraham.com/growth.html