Is lean startup right for you

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Presentation given at LeanStartup Circle Bangalore meetup http://bangalore.leanstartupcircle.com/events/108072092/

Presentation given at LeanStartup Circle Bangalore meetup http://bangalore.leanstartupcircle.com/events/108072092/

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  • http://pixabay.com/static/uploads/photo/2012/11/03/06/18/question-mark-63979_640.jpg?i
  • There are engineers There are product engineers There are product entrepreneur engineers
  • There are engineers There are product engineers There are product entrepreneur engineers
  • Suggest a mindsetAdvocates a toolset Gives you a motto Tells you about product startup stages
  • WHY & WHAT before HOW
  • Build to learn
  • Ask the ‘what for the cRequires change of a habit. ‘customer’. Ask what & why behind any thing before the how
  • Even if VC’s don’t admit startups is about learning before executing.

Is lean startup right for you Is lean startup right for you Presentation Transcript

  • Is LeanStartup Right For You ? For Engineers
  • About.Me ThiyagaRajan twitter.com/mtrajanI work with engineers and help them ask different questions Currently - Innovation Manger @ Intuit Previously – Entrepreneur, Product Manager, Engineer Communities of Practice – MoMoB.in, ProductConclave.in
  • Is (X) right for me ? Know Self Know (X)
  • Know Self
  • Different Engineers Product Entrepreneur Engineers Product Engineers Engineers
  • Questions asked are different Why & What to then How to ? What to then How to ? How to ?
  • KNOW LEANSTARTUP
  • Lean StartupIt is language for startup product management best practices.
  • Key tenetEliminating unknowns about customer/market before anything increases the odds of success
  • LeanStartup Provides Mindset Toolset Motto Product Startup Stages
  • LeanStartup MindsetLearn before you execute
  • LeanStartup Toolset – MVP Debug before you build
  • LeanStartup Motto Minimize cycle time
  • Stages of Product Startup Problem/Solution Fit User/Experience Fit Product/Market Fit Business Model/Growth Fit
  • WHERE FITNESSHAPPENS?
  • Change habits ?Question everything including the idea
  • Psychologically Certainty, Intellectual Uncertainty “A true scientist believes in amodel/theory enough to continue to bemotivated to work on it but questions it when the observations shows differently” - Richard D Hamming
  • Comfortable with embarrassment Be embarrassed about theimperfection of your first ship
  • Great for bootstrapper“Lean is about front-loading yourlearning instead of front-loading yourcosts” - Rob FitzPatrick (@robfitz)
  • Funding for learning vs goals You don’t get funding for explicitlystating a learning goal in your pitch to a VC
  • When not to use Lean New Inventions 10x year visionProblems well known ( ex: cancer)
  • Lean is languageUsing the language is not necessary
  • Do it ! It’s ok if you can’t talk it Ex: Cleartrip, Flipkart
  • Those who do it and know the language Ex: Mygola, Freefood.in (Rashmi Ranjan Padhy), Intuit, GE
  • For the newbie language helps
  • To ask & solve what & why
  • It’s a new language – expectjust baked terms & confusion
  • HOW TO GET STARTED
  • Start with a problem statement
  • If you have an idea
  • Dissect the Idea Anatomy Vision ? Problem ? Solution ? Beneficiary ?
  • List your guessesMake a list of unknowns
  • Rank based on negative impact of these unknowns
  • Experiment with unknowns in the ranked order
  • Learn & Go Forward
  • QUESTIONS