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NK

Nikhil Kamath Cast

10/07/23

@ Nikhil Kamath

Pricing strategies in fashion should be data-driven, utilizing algorithms to determine optimal pricing based on inventory levels.

Video

NK

Ep #11 | WTF Goes into Building a Fashion, Beauty, or Home Brand? Nikhil w/ Kishore, Raj, and Ananth

@ Nikhil Kamath

10/07/23

Related Takeaways

NK

Nikhil Kamath Cast

10/07/23

@ Nikhil Kamath

Using machine learning for demand forecasting can significantly improve inventory management and reduce wastage in fashion.

BB

Ben Brook

04/19/25

@ EO

Pricing should be iterative; continuously adapt and change it based on market feedback and data until you find the right price point.

KS

Krithika Shankarraman

05/25/25

@ Lenny's Podcast

Experimentation is key in pricing strategy, especially for AI products. Testing different pricing models helps determine what resonates with customers and drives value.

MM

Macy Mills

05/17/25

@ a16z speedrun

Pricing isn't just a number; it's a strategy that should evolve as your business grows, allowing for flexibility and adaptation to avoid common mistakes.

MM

Manny Medina

04/22/25

@ Sequoia Capital

Charging by activity and changing pricing based on workflows are effective strategies for AI companies, moving towards value-based pricing rather than cost-based pricing.

MM

Manny Medina

04/22/25

@ Sequoia Capital

AI companies should align their pricing with what matters to their customers after demonstrating value, rather than relying solely on fixed or consumption-based pricing models.

BB

Ben Brook

04/19/25

@ EO

Expect your pricing strategy to evolve over time, typically every year or so, as you gather more data about your customers and market.

NK

Nikhil Kamath Cast

10/07/23

@ Nikhil Kamath

Designing for fast turnaround is crucial in fashion, allowing for quicker product updates and inventory management.

AE

Aaron Epstein

12/16/22

@ Y Combinator

Pricing should be viewed as a tool to learn about customer demand and value perception, helping to refine your product offering.