13
Oct

21 things we’re learning at Fab.com

Here are the slides from our Fab.com all-company meeting today.  

Sharing, as per lesson #14.

Enjoy.

Feedback appreciated.

21 things we’re learning at Fab.com - October 2011

Presentation Transcript:

21 Things We’reLearning At Fab.com 10-12-11

  • 130 Days Ago Fab.com Didn’t Even Exist.
  • Now, We’ve Got 750,000 Members, 3M Visits/ Month, $100K sales days.
  • It’s Humbling.
  • It’s Exciting.
  • It’s Challenging. We never imagined we’d grow so fast.
  • Here are 21 Things We’re Learning As We Go:
  1. Do 1 Thing. Find 1 thing you can do really well and focus entirely on that one thing.
  2. Say No! Don’t do any thing else except for yourone thing. Say no to meetings, ideas, proposal, b.s., outside of your core 1 thing.
  3. It’s Always All About The Product. Our virtual products (website & apps) and physical products (design objects) must delight every day.
  4. Keep it Interesting. No one comes back to check out the same thing every day. Keep it fresh, exciting, and unpredictable.
  5. Make People Smile. We’re not in the design sales business, we’re in the design inspiration business. Inspire people and the sales will come.
  6. Service Matters More Than Sales. Sales go up and down. Service lasts forever.
  7. Do Whatever It Takes To Make Customers Happy. Get it right and they’ll tell their friends. Get it wrong and they’ll tell the entire world.
  8. Make Mistakes Take risks. Move fast. Learn faster.
  9. Recover Quickly.
  10. Apologize. Own your screw-ups.
  11. Strive to Have Your Customers LOVE Every Interaction With Your Company. Push your team to live this dream.
  12. Celebrate Your Challenges. Force the team to focus on why you suck, even while you’re growing.
  13. Don’t Focus Too Much OnThe Vision. Winning is all about execution.
  14. Be Transparent. The more people know, the better.
  15. Measure Everything.
  16. Grow Your People. Coach your team to scale with the opportunity.
  17. Fill Your Gaps. Bring in new talent to spur further growth.
  18. Hire Smarter. Hire people who are better at their jobs than you ever could be.
  19. Maintain Perspective Success is fleeting.
  20. Say Please & Thank You. People do things because they want to, not because they have to.
  21. Have Fun. Life’s too short to do it any other way.

Feedback?  jason@fab.com

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About

Betashop is the website of Jason Goldberg,
Founder & Chief Executive Officer at Fab.

Jason founded Fab in 2011 with Bradford Shellhammer (Chief Design Officer) and Nishith Shah (Chief Technology Officer).

Fab is everyday design.

Fab’s mission is to help people better their lives with design. Millions of people around the world use Fab to discover everyday design products at great prices, to connect with the world’s most exciting designers, and to share their favorite design inspirations. Smile, you're designed to.

Some have called Fab "the fastest growing E-commerce company on the planet." We like to say we're just doing our best to serve up great design that makes people smile.

Fab now serves more than 11 million members across 26 countries. Fab grew sales by more than 500% in 2012, one-third of which comes from users of the Fab mobile apps for iPad, iPhone, and Android devices. In February 2013 Fab was named the #5 most innovative company in the World by Fast Company. Fab won the award for Best E-Commerce Company of The Year at The Crunchies in both 2012 and 2011. It's all very humbling and inspiring. The truth is we celebrate our challenges more than our successes at Fab and we're really still just getting started.

Fab is the fourth company Jason founded. Jason previously founded fabulis, socialmedian, and Jobster. In 2009, following the sale of socialmedian to XING AG, Jason was Chief Product Officer at XING, based in Hamburg, Germany. Before starting Jobster in 2004, Jason led product and business initiatives at both T-Mobile USA and AOL Time Warner. In a prior life, Jason spent 6 years working 100 hours a week for Bill Clinton in the White House.

Jason is also an investor in and Board Member at RJ Metrics. He is also an investor in BlackJet and Twitter. Notable prior investments: TweetDeck.

Jason is a product guy. He loves to blog, loves transparency, and loves trying to make people smile. Jason shares everything about Fab on his blog, betashop, at http://betashop.com.

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