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Of course, sometimes you have to run and change things if they are not working. However, my takeaway here is that those moments of crisis are the best moments to ask the right questions how to add value to your users. Conversely, they are some the worst moments to ask the wrong questions only focus on the shareholders pressure and cold metrics. There are tons of good posts about Marketplace Liquidity, in which it makes total sense to focus on density. Thats to say, focus on the number of participants within a certain geographic area instead of overall growth, but we still made many mistakes here. Our first version of the product was launched in our home country of Peru. We got traction fast, and said: hey, we have good conversion and retention rates, and we also have just fundraised a new round of money, so lets roll out to new countries, lets grow big. We moved fast and we were ambitious. Also, we did what made sense for us at that time. Specifically, we launched our product in Colombia, Chile and Mexico with strong online marketing budgets and PR campaigns almost all at once for activating the country. We were really proud and blinded by the vanity metrics, such as total registered users, gross sales, press releases, etc.

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Ramat Gan is also an important center for industry and manufacturing with major fruit and vegetable canning plants, textile mills, metal production plants, electrical manufacturers, furniture makers, and food producers based here. Currently, the Elite Tower, set to exceed the Moshe Aviv Tower in height, is currently being built of the historic Elite Candy factory. As a tribute to the history of the site, the lower floors of the tower will house a chocolate museum. The tower is set to contain luxury apartments, with an average price tag of $1 million each. At the end of 2006, Ramat Gan had three hotels, with a total of 408 rooms with 150,000 person nights over the year representing 64% room occupancy. The mayor of Ramat Gan is Zvi Bar. The make up of the city's 25 seat City Council is: Ramat Gan First 6, Labor 3, Likud 3, Sun 2, Meretz 3, Trufa, 2, Shas 2, Mafdal 3, and Another Ramat Gan 1. Ramat Gan is home to Israel's second largest university, Bar Ilan University, with 24,000 students. The city is also the location of the Shenkar College of Engineering and Design, Ramat Gan College, and Beit Zvi acting college. Ramat Gan has 112 synagogues, two yeshivot, and a Kabbalah Center. Ramat Gan also has a Buddhist temple, and a Scientology center.

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