What you need to know when it comes to technology & legal challenges

Last Friday, marked the second phase of the five month Growth Track Program and we were talking about all things technological and legal.
Posted on December 13, 2019

The Growth Track is a tailored, five month program designed to help start-ups scale fast. The second phase of the Growth Track focuses on technology and legal challenges that many start-ups face.

If you have a start-up and are wondering what the top three considerations you should know when it comes to technology and legal, then look no further.

Joep Arends, the Accelerator Hub Lead shares his wisdom below:

1. A/B testing

As a start-up you may be considering running an A/B tests. But there is one consideration you should know before doing this - the significance. In order for an A/B test to be significant, you need to make sure you have enough testers to validate the best outcome. As such, for some of you, during the growth phase of your business you may not have enough volume for your A/B test to hold true. Make sure you have enough data before testing. A quick fix might be to do A/B testing over time – first your whole user-base gets version A, then version B. A bit more risky, but effects are easier to measure.

2. Future-proof architecture

You would like to have the most secure, high-performing, resilient, and efficient infrastructure possible. The scalability of the current architecture is a major point of concern. If you stick to the following framework, you ‘cannot’ go wrong:

  • Database scalability: not only in terms of horizontal scalability (e.g. sharding), but even more importantly how it buffers, manages threads and connections, traverses, deals with locking etc.
  • Security: confidentiality and integrity of data, identifying and managing who can do what with privilege management, protecting systems, and controls to detect security events.
  • Operational Excellence: managing and automating changes, responding to events, standards to manage daily operations, and how to handle change.
  • Cost optimisation: include understanding and controlling where money is being spent, analyzing spend over time and scaling to meet business needs without overspending.

3. Data privacy policies

How do you utilize customer data in light of the new data privacy policy (GPDR)? This becomes even more important and fuzzy when you are working across different jurisdictions. Therefore make sure you have your GDPR in place and that it is checked by a legal expert.

The Growth Track is an extremely impactful program, by helping start-ups focused on financial health to scale faster. Stay tuned for next month’s update from the Growth Track, all focused on Sales and Growth Hacking.