Lean start up

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  • High burn rateGo for GoldFull management team
  • Planning is everything, the plan is nothing
  • Common Sense is Over-Rated – subjective and based on what was, not what will beReality can be painful – get out of stealth mode fast and drop any delusionsNeed to out-learn, not out-executeWhats the Problem we’re trying to solve?Test Customer Hypothesis - Fail Safe, Fail Fast . Every defect is a treasure – not true – info theory – 50% failure rate optimises learningMeasure, don’t guess – no black artChurchill – “However beautiful the strategy, you should occasionally look at the results”`Another thing is to keep it simple……KISS - Minimum Viable Product (SMS, Google, Twitter)Few customers is a gift…prove concept in microscale – don’t launch too early. Make mistakes quietlyJust in Time vs. Just In CaseLean doesn’t mean cheap – it means fast.Time IS Money
  • Lean start up

    1. 1. Colm O’hEocha<br />AgileInnovation<br />colm@agileinnovation.eu<br />LEAN STARTUP<br />Low Burn By Design, <br />Not Crisis<br />
    2. 2. This material is Copyright Protected under the following Creative Commons License:<br />Attribution-ShareAlike 3.0<br />Please use this material freely and derive further work from it.<br />BUT, attribution must be given to the original author, and these same rights must govern all derived works.<br />Please use the following attribution:<br />“Colm O’hEocha, AgileInnovation Ltd. 2010: www.agileinnovation.eu” <br />
    3. 3. Build it and they will come<br />
    4. 4. <ul><li>High burn rate
    5. 5. Right First Time
    6. 6. Full management team</li></ul>Assumes<br /><ul><li>Customer is known
    7. 7. Problem is understood
    8. 8. Features are known</li></li></ul><li>FIRST, THEN<br />LEARN<br />EXECUTE<br />AND ITERATE<br />
    9. 9. From Hypotheses to Facts<br />
    10. 10. Tight Focus<br />Change one thing at a time<br />Customer Feedback<br />Co-Learning & Development with Customers<br />Fast Feedback<br />Agile/Lean Development<br />Invest in Speed<br />Automated Technical Tests<br />Continuous Integration<br />Hourly Releases<br />Low Cost Prototyping<br />
    11. 11.
    12. 12. The Infallible, <br />Visionary<br />Entrepreneur<br />
    13. 13. Out-Learn the Competition<br />NO REVENUE<br />NO SCALE<br />€O$T<br />
    14. 14. Make sure you’re developing RIGHT thing<br />Before you develop it RIGHT<br />Colm O’hEocha – AgileInnovation<br />Colm@agileinnovation.eu<br />
    15. 15. This material is Copyright Protected under the following Creative Commons License:<br />Attribution-ShareAlike 3.0<br />Please use this material freely and derive further work from it.<br />BUT, attribution must be given to the original author, and these same rights must govern all derived works.<br />Please use the following attribution:<br />“Colm O’hEocha, AgileInnovation Ltd. 2010: www.agileinnovation.eu” <br />

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