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Andrew Chen on March 9, 2019
Andrew Chen answered 12 questions

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Question: What do you look for in an investment?
Answer from Andrew Chen
This one is hard to answer generically — it’s easy to say, great team! Or big market! Or technology differentiation! Or something generic like that. However, being in venture
Read More: https://www.quora.com/What-do-you-look-for-in-an-investment#ans127013901

Question: What is your advice for startup CEOs?
Answer from Andrew Chen
I have a lot of advice, but maybe I will share the top 10 that come into my head:

1. You’re not doing this alone. You have friends, family, your investors, and employees root
Read More: https://www.quora.com/What-is-your-advice-for-startup-CEOs#ans127015097

Question: Is growth hacking valuable or overhyped?
Answer from Andrew Chen
Growth hacking is both valuable and overhyped, just like anything that’s caught on.

It’s valuable because it’s created an important knowledge area that combines marketing, da
Read More: https://www.quora.com/Is-growth-hacking-valuable-or-overhyped#ans127015921

Question: What investment have you made that is the most out there and how has it panned out?
Answer from Andrew Chen
One day I was in the Mission district of San Francisco, and saw a huge line of people. I wondered what they were waiting for, and naturally, the curiosity got the best of me a
Read More: https://www.quora.com/What-investment-have-you-made-that-is-the-most-out-there-and-how-has-it-panned-out#ans127016800

Question: What distribution channels should a new consumer internet startup consider in 2019?
Answer from Andrew Chen
First, let me start with the negative. It’s been said (and written) that we are kind of in a funky consumer internet winter, compared to 2007 when we had the Facebook platform
Read More: https://www.quora.com/What-distribution-channels-should-a-new-consumer-internet-startup-consider-in-2019#ans127018198

Question: What are today's online marketplaces getting right and what's still missing?
Answer from Andrew Chen
Marketplace startups have done incredibly well over the first few decades of the internet, reinventing the way we shop for goods, but have been less successful services.

Whil
Read More: https://www.quora.com/What-are-todays-online-marketplaces-getting-right-and-whats-still-missing#ans127018886

Question: Why is retention for most mobile apps so terrible? What are the best apps doing right that others aren't?
Answer from Andrew Chen
I wrote about this a little while ago here:
New data shows losing 80% of mobile users is normal, and why the best apps do better [ andrewchen-co/new-data-shows-why... ]

In th
Read More: https://www.quora.com/Why-is-retention-for-most-mobile-apps-so-terrible-What-are-the-best-apps-doing-right-that-others-arent#ans127018574

Question: What do VCs do when one of their portfolio companies go IPO?
Answer from Andrew Chen
Stay quiet, at least during the quiet period :)
Read More: https://www.quora.com/What-do-VCs-do-when-one-of-their-portfolio-companies-go-IPO#ans127018660

Question: What made you want to become an investor?
Answer from Andrew Chen
It’s crazy to say this, but I knew I wanted to be a startup investor when I was 18 years old.

I had a weird academic experience for college where I started school when I was
Read More: https://www.quora.com/What-made-you-want-to-become-an-investor#ans127020558

Question: Which commonly-discussed growth metrics in consumer tech businesses are the most meaningless and/or misleading?
Answer from Andrew Chen
These are the obvious offenders:

* Cumulative charts for anything. These can only go up and to the right
* Registered users. Totally useless, although sometimes I like to a
Read More: https://www.quora.com/Which-commonly-discussed-growth-metrics-in-consumer-tech-businesses-are-the-most-meaningless-and-or-misleading#ans127019642


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