Ulf F. Loetschert

🔥 Get exclusive access to the Product Discovery Cheat Sheet 🔥 with 26 Product Discovery Methods that will enable you to "build the RIGHT THING" and not just "build the THING RIGHT" for your users. At konversionsKRAFT AG, we collected the most relevant methods that we have used in order to help our clients build and grow their digital products - you can use this board to evaluate your status quo and select the matching methods based on where you stand. To get access, follow these simple steps: 1️⃣ Connect with me and Anastasia Shvedova 2️⃣ Like this post ❤️  3️⃣ Comment on this post ("Brilliant, I want access!") 🚨 Disclaimer: this is the first version of the Product Discovery Cheat Sheet and we are looking forward to your questions and feedback while you are using it. Please feel free to approach us any time with your thoughts! #productdiscovery #discoverycheatsheet #productexperimentation #cromethods #testing #experimentation #growthmarketingsummit #growthmindedsuperheros #productmanagement

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Karriere- und Leadership-Tipps vom besten CEO der Welt Frank Slootman hat mit Data Domain, Service Now und Snowflake drei milliardenschwere Softwarefirmen hochskaliert und an die Börse gebracht. Er gilt als bester Software-CEO der Welt. Das sind die top Karrieretips aus seinem Buch AMP IT UP. "We all need to be careful what “elevator” we get into early in our careers. Some go up, some go down, some don't move. It's largely beyond our control, so choose wisely. We have seen staggering examples of this phenomenon in Silicon Valley. Anybody who spent the last 20 years at Google, Amazon, or Apple would have done spectacularly well, regardless of their individual merit. And anyone who stayed with companies like IBM and HP would have stagnated during that period." "We coped in ways I have used ever since: hire people ahead of their own curve. Hire more for aptitude than experience and give people the career opportunity of a lifetime. They will be motivated and driven, with a cannot‐fail attitude. The good ones would grab the opportunity to accelerate their careers with us." "I would sometimes say in all‐hands meetings that I was personally committed to help each of our employees reach a different station in life as a function of the company's fortunes. In exchange, I was asking for the best they had to offer. That was the deal: we do the best we can for each other. People sometimes gave me an incredulous look: a CEO who is saying that his goal is to elevate our fortunes? Seriously? Yes, and our companies proved it. Sometimes years after a staffer had moved on, I would still receive an email expressing their appreciation for how much our company had changed their life's trajectory." "Not everyone has this visceral sense of contest, especially at companies that shield their people from the real stakes at hand. When leaders fail to explain the industry landscape, employees don't feel the cold winds of competition. Their jobs and paychecks feel secure, but that's an illusion. Good leaders explain that none of us are ever truly safe in our roles for any length of time. If this fact makes people uncomfortable, that's good."

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The first project that gets all my attention focuses on Commercial Excellence in the pharmaceutical industry. As a cancer survivor, this has been both exciting and encouraging for me. 🎀 The innovation being driven by new technology even in its various intricate regulatory restriction, is truly astonishing. The future promises a more integrated healthcare system. I strongly believe in incorporating more holistic approaches into #healthcare. A #DigitalTwin could change how we think about next best actions in a way that makes sense for the industry and is the best for the patient. Bringing conversations like this to the forefront, especially with experts from #Grünenthal, #Pfzier, #Bayer and other pace setters in this industry, is very enlightening. #GenerativeAI, makes me more confident than ever that there is a better way to do things. This is a great step forward in getting to understand those limitations and possibilities. Looking forward to learning more and onboarding great minds!

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To all founders, here's a very detailed overview and comparison of VC investors in Germany 💸 Who's your preferred VC, what should they bring to the table and what are their preferences? Also: Excellent portrait of First Momentum Ventures 😉

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📊 ➡️ When business intelligence feels like a thrilling chase, each rise in numbers can be intoxicating. But, as with all highs, the lows are inevitable. To truly thrive, long-term objectives and diverse success metrics are key. Let's build resilience and balance in our approach to business intelligence. #Agile #BusinessIntelligence #Data #DigitalTransformation

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🚀 Great news from #OUTOFTHEBOXNRW 🗳️ We are proud to announce that AI Marketplace has been selected as one of the top 24 start-ups in North Rhine-Westphalia for the year 2024! An expert jury of leading venture capital firms selected us for this honor after reviewing countless applications. 👉 Now it's up to YOU! The online voting for the TOP10 of this year's competition is open. Support us with your vote so that we get the chance to present our ideas in front of a renowned jury and over 2,500 visitors at the Hinterland of Things conference on June 13 in Bielefeld. 🏆 It's not just prestige that's at stake – the top 3 finalists will share €50,000 in prize money, sponsored by the NRW.BANK. We are happy about every voice that brings us closer to the top and the opportunity to introduce our innovative AI solutions to a wider audience. Vote now and help us shape the future of product development! Voting closes on 15 May. 👉 Voting is quick and easy: Visit the OUT OF THE BOX website. NRW, scroll down to the AI Marketplace and click on our tile. Just fill in your details and your vote is counted. Thank you so much for your support! #OOTBNRW #startupprize #votenow #startupsuccess #entrepreneurship #AIinnovation #vote4change #futuretech #NRWstartups #innovationaward #supportlocal #techcommunity #voteforAI #GenAI #FutureTechnology #AIMarketPlace #AISolutions #startup #opportunity #NRW #GermanStartup #ArtificialIntelligence #VoteNow

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#AI for All Artificial Intelligence is the key to unlocking your business's full potential and can be a game-changer. Don't get lost in the jungle of AI education. Explore the curated list of courses for both beginners and managers, from free introductory programs to comprehensive high-end options: https://lnkd.in/eip3aF2f And of course you can always start here: https://lnkd.in/eis_DWcs Thanks Latif Ajouaoui for this great overview! #AIforAll #upskill

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Maybe a small hack for my network. I am lucky to receive a good inbound flow of angel investment opportunities, but am not able to invest into all of the teams. Whenever I am unable to do so, I instead refer them to this URL instead: https://lnkd.in/eyfWEKz3 Thank you Jan Thomas for facilitating this with your Startup Insider team!

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Beirat für Startups #34 Ein Beirat kann grundsätzlich für Startups von großem Vorteil sein. Wie immer, ist es eine Entscheidung, in der es auf den Einzelfall ankommt. 🛣 Einige Gründe hierzu behandele ich wöchentlich in meiner Beitragsreihe : Zum letzten Post der Reihe: https://lnkd.in/dfQsdEuf The Benefits of a Biotech Advisory Board 🧪🔬 As a leader in the biotech industry, I'm excited to share the advantages of having a strong advisory board with expertise in biotechnology. 💡 Cutting-Edge Insights 🔍 An advisory board composed of seasoned biotech professionals can provide invaluable, up-to-date insights into the latest industry trends, technological advancements, and regulatory changes. Their deep knowledge and experience can help guide your strategic decision-making and ensure your company stays ahead of the curve. 🧠 Specialized Expertise 🔬 Biotech advisory board members bring a wealth of specialized expertise across various disciplines, such as drug development, clinical trials, regulatory affairs, and commercialization. Their diverse backgrounds can help you navigate the complex and ever-evolving biotech landscape more effectively, ultimately driving your company's success. 🧪 Networking and Connections 🤝 A well-connected biotech advisory board can open doors to new partnerships, collaborations, and funding opportunities. Their extensive industry networks can introduce you to key stakeholders, potential investors, and strategic partners, expanding your reach and unlocking new avenues for growth. 🌐 Credibility and Validation 👍 Having respected biotech experts on your advisory board can significantly boost your company's credibility and validation in the eyes of investors, regulatory bodies, and potential partners. This can be particularly valuable when seeking funding, navigating the regulatory landscape, or engaging with industry leaders. 🏆 Objective Guidance 🧭 An advisory board provides an outside perspective and objective guidance, which can be invaluable in navigating complex business decisions. Their impartial insights can help you identify blind spots, mitigate risks, and make more informed choices that align with your company's long-term goals. 🧠 By leveraging the expertise and experience of a biotech advisory board, you can unlock a competitive edge, drive innovation, and accelerate your company's growth in the dynamic biotech industry. 🚀 #advisoryboard #board #scaleup

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"Run Data & AI Projects like a startup!" Here is how 👇 In our Expert Session last Friday, Jonas Dieckmann, Team Lead for the Global Insights & Analytics Department at Philips, and Sven Rutsch, Data & AI Consultant at msg, showed us how data teams can view Data & AI projects from the lens of a startup founder and profit from techniques that has allowed so many startups to gain quick adoption and beat larger incumbents. Here is a list of actionable recommendations from our discussion: 1. Treat data and AI products like startups to invest resources efficiently in impactful solutions. 2. Adopt an agile mindset: Start small, iterate quickly, and be ready to pivot. 3. Focus on short-term impact while communicating a long-term vision. 4. Prioritize problem-solving and customer focus. Identify real business problems before building solutions. 5. Use qualitative techniques like customer interviews early on, rather than relying solely on quantitative metrics. 6. Practice continuous problem-solving by identifying new opportunities and validating assumptions at each product stage. 7. Improve stakeholder communication and collaboration. Involve stakeholders throughout the development process, not just at the end of sprints. 8. Use limited resources smartly by starting with small, versatile teams and adding specialists as the product grows. 9. Develop strong value communication skills to get buy-in from stakeholders and sponsors. 10. Consider using multidisciplinary teams focused on specific domains rather than siloed specialist teams. 11. Use tools like lean canvas or business plan templates to structure and communicate data product ideas effectively. 12. Apply startup-style expectation management: Not every AI project will succeed, but investing in multiple projects can lead to overall positive ROI. 13. Use techniques like the "5 Whys" to dig deeper into stakeholder problems and identify root causes. Jonas and Sven will continue the discussion in 2 weeks. If you are not a Data Action Member yet and you want to join the session, consider signing up for Data Action Mentor here: www.dataactionmentor.com

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Der KI-Befehl des Tages! yt --transcript "https://lnkd.in/eVxqtjZb" | fabric --stream --pattern extract_wisdom Wir geben einen Youtube Link ein und bekommen den Inhalt des Videos entsprechend aufgearbeitet. Auszug aus den Wisdoms: ## SUMMARY Andrew Huberman discusses nicotine's effects on the brain and body, separating its impact from smoking and vaping. He explores nicotine's potential benefits and drawbacks, emphasizing the dangers of smoking and vaping, and offers insights into quitting nicotine addiction. ## IDEAS: - Nicotine is one of the most consumed substances globally, affecting billions daily. - Smoking tobacco is a primary method of nicotine consumption, posing health risks. - Nicotine patches, gum, and other forms offer alternative consumption methods. - Vaping's rise, especially among youth, raises concerns about addiction and health. - Nicotine impacts the brain's dopamine system, influencing focus and addiction. - Smoking and vaping significantly harm every organ and tissue in the body. - Many smokers desire to quit due to health concerns but find it challenging. - Hypnosis and pharmacological interventions can aid in quitting nicotine. - Nicotine replacement therapy varies in effectiveness; combining methods may help. - Understanding nicotine's biology can empower individuals to overcome addiction. - Withdrawal symptoms from quitting nicotine can be intense but manageable. - Strategies for quitting include behavioral changes and supplementing dopamine. - Alcohol consumption can increase the risk of relapsing into nicotine use. - Continuous support and reinforcement are crucial for long-term cessation success. - Nicotine's allure lies in its rapid, rewarding effects on the brain's chemistry. - The quest for cognitive enhancement through nicotine requires caution. - Alternatives to nicotine for cognitive and physical enhancement exist. - The global prevalence of nicotine use underscores its powerful appeal. - Education on nicotine's effects is vital for prevention and cessation efforts. ## INSIGHTS: - Nicotine's widespread use is driven by its immediate rewarding effects on the brain. - The challenge of quitting nicotine lies in its deep impact on dopamine pathways. - Effective cessation strategies address both the physical and psychological aspects of addiction. - Understanding the kinetics of nicotine absorption can inform successful quitting methods. - Continuous engagement with cessation resources reinforces the commitment to quit. - The allure of nicotine for cognitive enhancement highlights the need for safer alternatives. - Public health efforts must focus on education and support for those struggling with nicotine addiction. - The rise of vaping among youth signals an urgent need for targeted prevention strategies. - Combining behavioral and pharmacological approaches increases chances of quitting success. - Awareness of withdrawal symptoms' intensity can prepare individuals for the quitting process.

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AI and the CFO’s role: the good and bad news. The bad(ish) news? CFOs reluctant to embrace AI within their teams, reporting, and processes face being left behind. The good news? When used properly, AI is a tool for enhancement, not job replacement. Most companies are still very early in their AI adoption journeys and need to be cautious about overestimating the short-term benefits of new technologies at the expense of institutional knowledge, strategic oversight, and business nuance. AI can help with what I call Liquidity Performance - it can ease liquidity gridlock and drive productivity, but it’s not a perfect solution on its own.   When used by CFOs and their teams, AI should be a tool that efficiently and accurately captures and tracks the data they need to make informed, real-time decisions for their businesses. If done right, that frees up time for more strategic, longer-term tasks.  It’s about enhancement, not replacement – but investing in that enhancement is going to be key to future business performance. This post was inspired by this FINANCE Magazin article discussing how CFOs are utilising AI. It’s in German, but (thanks to AI), is reasonably easy to translate. While an AI translation won’t be perfect, it serves as a pretty good example of the enhancement over replacement argument. https://bit.ly/3KvYqmh

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A fascinating study into the impact of politeness on the performance of LLMs. Anyone working with ticket systems in general will be aware of how blunt and impolite the messages and requests become when a user thinks that the tool is automated. 💡 Key finding: GenAI systems like ChatGPT perform worse with rude prompts, but excessive politeness doesn't lead to better results. Medium politeness is the future!

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I've had the pleasure of knowing Felix for over 10 years, collaborating as both partners and team members. This year, he embarked on a new venture by starting his own AI consulting company. Now, he's launching his first newsletter! Given Felix's expertise and dedication, I'm confident this newsletter will be both precise and informative and highly recommend signing up for it. #AI #Consulting #Newsletter

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How do I actually get proper money as a founder? I spoke about this in the Für-Gründer.de Podcast with editor Elena Todeva. What financing options are there? How do I find the VC that really suits me? When should I bootstrap? Which financing has which consequences in the end? My personal tip for founders: Do some real networking, exchange ideas with other founders, get tips and advice from everywhere, be brave, talk to experienced founders and ask really deep questions and learn always from the experiences of others. Please listen and feel free to write me feedback. https://lnkd.in/de_ZmdZq

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