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Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
Agile Mindset for Your Startup: From Vision to Viability
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Agile Mindset for Your Startup: From Vision to Viability

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This is the presentation Jeffrey Beir & I gave at Harvard Innovation Lab on 7/23/2013. …

This is the presentation Jeffrey Beir & I gave at Harvard Innovation Lab on 7/23/2013.

You’ve got a big idea addressing a huge market opportunity - should be no problem getting financed and building a successful company. But that’s not how real companies get built. In the engineering world, agile has replaced traditional waterfall methodologies because it lowers risk, improves predictability and allows for mid-course correction. The same applies when thinking about how you build your business.

Abby and Jeffrey will present a framework for building your business with an agile mindset and explain why most companies should be built this way...

Published in: Business, Economy & Finance

Transcript

  • 1. Vision to Viability Agile Mindset for your Startup Abby Fichtner @HackerChick Harvard Innovation Lab Jeffrey Beir @jbeir seed2A
  • 2. @jbeir | @HackerChick@jbeir | @HackerChick@jbeir | @HackerChick
  • 3. Startup Stage? Idea Plan/Prototype Building Product in Market
  • 4. Some startups get stuck in the mud • Too big, or too small of an idea • All product, no customer • Surprised by external events • Assuming a straight line • Running out of money
  • 5. 9 out of 10 New Products FAIL
  • 6. @jbeir | @HackerChick Single Biggest Predictor of Failure?
  • 7. @jbeir | @HackerChick Single Biggest Predictor of Failure? Sticking to Initial Business Plan
  • 8. @jbeir | @HackerChick@jbeir | @HackerChick
  • 9. We DON’T Have All the Answers! What should we DO About it?
  • 10. Defer Decisions Deliver Fast AGILE Mindset Iterate Learn Eliminate Waste
  • 11. Agile Mindset: Vision to Viability Vision Focus Risks Flexibility Sequence Value
  • 12. VISION
  • 13. @jbeir | @HackerChick
  • 14. @jbeir | @HackerChick
  • 15. @jbeir | @HackerChick@jbeir | @HackerChick “To organize the world’s information and make it universally accessible & useful”
  • 16. @jbeir | @HackerChick@jbeir | @HackerChick “To be the earth’s most customer centric company; to build a place where people can come to find and discover anything they might want to buy online.”
  • 17. @jbeir | @HackerChick@jbeir | @HackerChick “To be the pulse of the planet”
  • 18. @jbeir | @HackerChick
  • 19. @jbeir | @HackerChick
  • 20. @jbeir | @HackerChick
  • 21. What’s Your Big Vision?
  • 22. FOCUS
  • 23. GoBig VISION
  • 24. GoBig VISION
  • 25. @jbeir | @HackerChick
  • 26. GoBig GO SMALL (dominate Small Market) VISION
  • 27. Minimal Viable Company Financeable - oR – Self-Sustaining
  • 28. What’s Your MVC?
  • 29. RISKS
  • 30. Sources of Risk IP Competitors Customers Suppliers Employees Technology Legislation
  • 31. What’ Risks Are you Taking?
  • 32. VALUE
  • 33. How can I demonstrate value? Progress towards vision User traction Product/technology Not the Kitchen Sink Revenue
  • 34. @jbeir | @HackerChick
  • 35. @jbeir | @HackerChick @ashmaurya, Running Lean
  • 36. @jbeir | @HackerChick @ashmaurya, Running Lean
  • 37. What’s Your Most Important Metric & What are you doing to move it?
  • 38. SEQUENCE
  • 39. Riskiest Assumptions? Can I Build It? Can I Get People to Know About it? Can I Make Money from It?
  • 40. Can I Make Money from It? Riskiest Assumptions? Can I Build It? Can I Get People to Know About it?
  • 41. Milestone- Driven Development
  • 42. MDD Logical milestones that achieve certain proof points, and allow to you raise capital, (ideally at an increased valuation).
  • 43. MDD Start with your MVC • What (will I prove)? • How (will I prove it)? • When (and how much)?
  • 44. @jbeir | @HackerChick Half done on all elements isn’t financeable
  • 45. @jbeir | @HackerChick Prove something
  • 46. Flexibility
  • 47. Set interim milestones Plan for rework Build in Flexibility Build the bare minimum Test early and often Add cushion
  • 48. Agile Mindset: Vision to Viability Vision Focus Risks Flexibility Sequence Value
  • 49. But will I get financed?
  • 50. How do I protect my downside? What proof do you have that it will work? You should be able to answer these questions Why is this a big opportunity? How can I write a small check so I can see some proof? what will you do next and how much more capital will you need? What can go wrong?
  • 51. Agile Mindset: Vision to Viability Vision Focus Risks Flexibility Sequence Value
  • 52. Jeffrey Beir, seed2A @jbeir | seed2a.com Abby Fichtner, i-lab @HackerChick | HackerChick.com

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