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Can you list the top facts and stats about Growth hacking?
Summarize this article for a 10 year old
Growth hacking is a subfield of marketing focused on the rapid growth of a company. It is referred to as both a process and a set of cross-disciplinary (digital) skills. The goal is to regularly conduct experiments, which can include A/B testing, that will lead to improving the customer journey, and replicate and scale the ideas that work and modify or abandon the ones that do not, before investing a lot of resources. It started in relation to early-stage startups that need rapid growth within a short time on tight budgets, and also reached bigger corporate companies.
A growth hacking team is made up of marketers, developers, engineers and product managers that specifically focus on building and engaging the user base of a business. Growth hacking is not just a process for marketers. It can be applied to product development and to the continuous improvement of products as well as to growing an existing customer base. As such, it is equally useful to everyone from product developers, to engineers, to designers, to salespeople, to managers.
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