Beyond the Startup: Being Lean in Startups & Beyond

1,199 views

Published on

The thing about startups is that they're in a race. They need to find a way to start bringing in money before they run out of the money they have. This forces them to find ways to operate extremely quickly. They cut all the fat and just focus on what needs to be done. They learn at incredible rates about what will and will not work and use that knowledge to create products that customers will love. As a result, the really good ones are able to beat out larger organizations with many more resources. Imagine if those larger organizations, with so many resources, could operate as lean as a startup?

In this presentation, I share techniques that startups are doing today to be lean and talk about how some of these same principles can be applied within companies of any size.

Published in: Technology, Business
0 Comments
4 Likes
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total views
1,199
On SlideShare
0
From Embeds
0
Number of Embeds
281
Actions
Shares
0
Downloads
0
Comments
0
Likes
4
Embeds 0
No embeds

No notes for slide

Beyond the Startup: Being Lean in Startups & Beyond

  1. 1. Abby Fichtner @HackerChick Harvard Innovation Lab Beyond the Startup Being Lean in Startups & Beyond
  2. 2. @HackerChick Jeff Bezos, Amazon "If you only do things where you know the answer in advance, your company goes away."
  3. 3. @HackerChick
  4. 4. @HackerChick 1. Eliminate Waste What Would a Startup Do? 5. FOCUS! 2. Start Small 3. Deeply Understand Customers 4. Always Be Learning 6. Move Fast
  5. 5. @HackerChick Eliminate Waste
  6. 6. @HackerChick muda any activity that is unproductive or that doesn’t add value today
  7. 7. @HackerChick YAGNI (You Ain’t Gonna Need It)
  8. 8. @HackerChick
  9. 9. @HackerChick
  10. 10. @HackerChick out of9 new products fail 10
  11. 11. @HackerChick@HackerChick
  12. 12. @HackerChick FAIL @HackerChick
  13. 13. @HackerChick * building something nobody wants is the worst kind of waste Eliminate Waste*
  14. 14. @HackerChick MILLIONS of CUSTOMERS $5 BILLION ENGINEERING TRIUMPH @HackerChick
  15. 15. @HackerChick FAIL MILLIONS of CUSTOMERS One of the Largest Bankruptcies in US History $5 BILLION ENGINEERING TRIUMPH @HackerChick
  16. 16. @HackerChick “We’re a classic MBA case study in how NOT to introduce a product. First, we created a marvelous tech. achievement Then, we asked how to make money on it.” Iridium Interim CEO John A. Richardson
  17. 17. @HackerChick
  18. 18. @HackerChick
  19. 19. @HackerChick “Talk is cheap. Show me the code.” - Linus Torvalds MVP
  20. 20. @HackerChick@HackerChick
  21. 21. @HackerChick
  22. 22. @HackerChick
  23. 23. @HackerChick
  24. 24. @HackerChick@HackerChick
  25. 25. @HackerChick@HackerChick Would you like recommendations for a hotel? Yes No Would you like recommendations for a hotel? Yes No
  26. 26. @HackerChick@HackerChick ERROR: SYSTEM UNAVAILABLE
  27. 27. @HackerChick Small Start
  28. 28. @HackerChick Goal VISION REALITY
  29. 29. @HackerChick GoBig VISION
  30. 30. @HackerChick@HackerChick
  31. 31. @HackerChick@HackerChick
  32. 32. @HackerChick GO SMALL (dominate small market) GoBig VISION
  33. 33. @HackerChick
  34. 34. @HackerChick 10 100
  35. 35. @HackerChick Deeply Understand Customers
  36. 36. @HackerChick@HackerChick
  37. 37. @HackerChick 75,000 signups overnight
  38. 38. @HackerChick VC: “There are a million cloud storage startups!” Drew: “Do you use any of them?” VC: “No” Drew: “…”
  39. 39. @HackerChick Know where your target audience hangs out & speak to them in an authentic way @drewhouston, Dropbox
  40. 40. @HackerChick@HackerChick
  41. 41. @HackerChick
  42. 42. @HackerChick Always Be Learning
  43. 43. @HackerChick Single Biggest Predictor of Failure? 300 startups surveyed (src: Don Sull, "The Upside of Turbulence”)
  44. 44. @HackerChick Single Biggest Predictor of Failure? 300 startups surveyed (src: Don Sull, "The Upside of Turbulence”) Sticking to Initial Business Plan
  45. 45. @HackerChick The unit of progress for entrepreneurs is learning
  46. 46. @HackerChick
  47. 47. @HackerChick
  48. 48. @HackerChick
  49. 49. @HackerChick@HackerChick
  50. 50. @HackerChick FOCUS!
  51. 51. @HackerChick What’s Your Most Important metric?
  52. 52. @HackerChick
  53. 53. @HackerChick @ashmaurya, Running Lean
  54. 54. @HackerChick @ashmaurya, Running Lean
  55. 55. @HackerChick
  56. 56. @HackerChick Fast Move
  57. 57. @HackerChick
  58. 58. @HackerChick OH at Lean Startup Circle Meetup
  59. 59. @HackerChick OH at Lean Startup Circle Meetup
  60. 60. @HackerChick
  61. 61. @HackerChick @AshMaurya
  62. 62. @HackerChick @AshMaurya
  63. 63. @HackerChick @AshMaurya
  64. 64. @HackerChick @AshMaurya
  65. 65. @HackerChick @AshMaurya
  66. 66. @HackerChick Confidence Service as a “we’ve already done this 9,999 times”
  67. 67. @HackerChick@HackerChick
  68. 68. @HackerChick 2 week release cycles Multiple releases/day Releases were all-day events Releases are non-events Release size: 100’s LOC Release size: < 25 LOC More emergency releases Less fire-fighting @AshMaurya Before After
  69. 69. @HackerChick Think like a Startup
  70. 70. @HackerChick Agile solution unknown
  71. 71. @HackerChick Lean Startup problem unknown
  72. 72. @HackerChick 1. Eliminate Waste What Can You Do? 5. FOCUS! 2. Start Small 3. Deeply Understand Customers 4. Always Be Learning 6. Move Fast
  73. 73. Abby Fichtner @HackerChick http://HackerChick.com Thanks!

×