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Higher than you thought??
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You can listen to the full pod with Ronny Kohavi here: https://www.youtube.com/watch?v=hEzpiDuYFoE #startup #founder #productmanager #productmanagement #softwareengineer ab testing, ab test tips, best startup founder podcast
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Embracing Experimentation: The Reality of Failure
Ronny Kohavi discusses the common misconception among teams that their experiments will yield higher success rates than others. He shares statistics from major companies like Microsoft, Amazon, and Airbnb, highlighting that a significant percentage of ideas fail—66% at Microsoft, 85% at Amazon, and a staggering 92% at Airbnb. This segment emphasizes the importance of being prepared for failure in the experimentation process, while also recognizing that success can lead to breakthroughs.
"I know that every group that starts to run experiments they always start off by thinking that somehow they're different and their successor is going to be much much higher and they're all humble overa..."