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A 20       Minute Intro to
Lean Startups
Turing Festival
Edinburgh, Scotland -- August 27, 2011


Patrick Vlaskovits
@pv
hello@custdev.com
vlaskovits.com
About Patrick - @pv



?
Lean Startup Big Idea #1
The vast majority of startups fail NOT because
they couldn’t build a great product/technology,
   but because no one wanted the product.




One of Steve Blank’s Big Ideas 
How many cycles through the B-M-L
loop, not time.  Eric Ries’ Big Idea



Lean Startup
 Big Idea #2
Lean Startup Big Idea #3


   “Not only are the market applications for
disruptive technologies unknown at the time of
  their development, they are unknowable.”
           -Clayton Christensen, The Innovator’s Dilemma
Developing Customers & Your Product
Customer Development
How to do it:
Lean Startup Meta-Rules & Framework

    1) Question and Test Your
           Assumptions
    2) “Get Out of the Building”
 3) Do it again based on what you
         learned. (Iterate)


 BUZZWORD ALERT!
A Tale of Two Companies

                                          vs.
                                                Survey: Would you like
                                                Walmart aisles to be less
Customers demand reserved seating,
                                                cluttered?
inter-line baggage transfer, and food
service.
                                                Hundreds of millions of
                                                dollars uncluttering their
SWA realizes that what the customers
                                                stores, removing 15% of
really wanted was low fares and on-time
                                                inventory, shortening
service, and these other things would
                                                shelves, clearing aisles.
have interfered with those goals.
                                                Result: Losses in billions.
Result: Brand loyalty and profits.
                                                #EPICFAIL 
#EPICWIN! #CustDev
Minimum Viable Product
The Classic Smoke Test/MVP from 1975
Sophisticated Variants of the ‘Smoke Test’

Traffic  MVT/Landing Page  Conversion
Screenshots + LOI
Outside of Tech Startups




Why do you think it takes 6-8 weeks to get your !@$&&^$@! snuggie?
Restaurants?
Kickstarter
At the end of this preso…



                                 If you take nothing
                                 away from this preso –
                                 take at least this away




Avoid building things nobody actually wants.
25% Discount Code: “TURING”


PDF
http://CustDev.com


Available on Amazon
as Paperback & Kindle
Reach out & say
hello@CustDev.com
@pv

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20 Minute Intro to Lean Startups

  • 1. A 20 Minute Intro to Lean Startups Turing Festival Edinburgh, Scotland -- August 27, 2011 Patrick Vlaskovits @pv hello@custdev.com vlaskovits.com
  • 3. Lean Startup Big Idea #1 The vast majority of startups fail NOT because they couldn’t build a great product/technology, but because no one wanted the product. One of Steve Blank’s Big Ideas 
  • 4. How many cycles through the B-M-L loop, not time.  Eric Ries’ Big Idea Lean Startup Big Idea #2
  • 5. Lean Startup Big Idea #3 “Not only are the market applications for disruptive technologies unknown at the time of their development, they are unknowable.” -Clayton Christensen, The Innovator’s Dilemma
  • 6. Developing Customers & Your Product
  • 8. How to do it: Lean Startup Meta-Rules & Framework 1) Question and Test Your Assumptions 2) “Get Out of the Building” 3) Do it again based on what you learned. (Iterate) BUZZWORD ALERT!
  • 9. A Tale of Two Companies vs. Survey: Would you like Walmart aisles to be less Customers demand reserved seating, cluttered? inter-line baggage transfer, and food service. Hundreds of millions of dollars uncluttering their SWA realizes that what the customers stores, removing 15% of really wanted was low fares and on-time inventory, shortening service, and these other things would shelves, clearing aisles. have interfered with those goals. Result: Losses in billions. Result: Brand loyalty and profits. #EPICFAIL  #EPICWIN! #CustDev
  • 11. The Classic Smoke Test/MVP from 1975
  • 12. Sophisticated Variants of the ‘Smoke Test’ Traffic  MVT/Landing Page  Conversion
  • 14. Outside of Tech Startups Why do you think it takes 6-8 weeks to get your !@$&&^$@! snuggie?
  • 17. At the end of this preso… If you take nothing away from this preso – take at least this away Avoid building things nobody actually wants.
  • 18. 25% Discount Code: “TURING” PDF http://CustDev.com Available on Amazon as Paperback & Kindle Reach out & say hello@CustDev.com @pv