Question: Draw a causal loop diagram using the following story: Tech startups seek to get more and more users. Their philosophy is that if we get
Draw a causal loop diagram using the following story:
Tech startups seek to get more and more users. Their philosophy is that if we get a large number of Users, then we will find a way to monetize them (make money). They use the Data collected from users to keep improving the User Experience (UX), because they know that a high quality UX is a key to attracting more users. They use VC* Funding to keep investing in improving the UX. Of course, VCs want to maximize the return to their investments, so they invest in startups that manage to get many users. *VC Venture Capital
Step by Step Solution
There are 3 Steps involved in it
Answer Heres a ... View full answer
Get step-by-step solutions from verified subject matter experts
