Summary of the book Lean Startup by Eric Ries, plus comments from User Centered Design.
Resumen del libro Lean Startup de Eric Ries, mas comentarios de User Centered Design como contrapunto.
Phil Dillard, Black Ant, @PhilD0210
The objective of the Lean Startup 101 training is to introduce the concepts, terminology and approaches — and, to help organizations overcome resistance accepting the new approach so that exploration and learning can begin. This practical, interactive session will provide a solid foundation for advanced sessions, including the Lean Startup 201 & 301. This training is designed for practitioners in both the enterprise and in startups who are relatively new to the Lean Startup approach or who are seeking a quick refresher. Lean Startup 101 is a perfect way to kick off your week of Lean Startup!
Thanks to Lean Startup Co.’s law firm, Orrick, for being the sponsor for this track.
Phil Dillard, Black Ant, @PhilD0210
The objective of the Lean Startup 101 training is to introduce the concepts, terminology and approaches — and, to help organizations overcome resistance accepting the new approach so that exploration and learning can begin. This practical, interactive session will provide a solid foundation for advanced sessions, including the Lean Startup 201 & 301. This training is designed for practitioners in both the enterprise and in startups who are relatively new to the Lean Startup approach or who are seeking a quick refresher. Lean Startup 101 is a perfect way to kick off your week of Lean Startup!
Thanks to Lean Startup Co.’s law firm, Orrick, for being the sponsor for this track.
This is an internal “brown bag” presentation I did at PlayHaven, introducing the fundamentals of Lean Startup methodology. Unfortunately, the Cookie Monster GIF doesn’t animate in the Slideshare presentation but you enjoy it 24/7 by clicking this link: http://gifsoup.com/view/1836944/cookie-monster.html :)
Also note that you may notice a few jumps in the included audio recording - I had to remove some sensitive material.
Ryan
@rrhoover
http://ryanhoover.me
Some years ago, Eric Ries, Steve Blank and others initiated The Lean Startup movement. The Lean Startup is a movement, an inspiration, a set of principles and practices that any entrepreneur initiating a startup would be well advised to follow.
Projecting myself into it, I think that if I had read Ries' book before, or even better Blank's book, I would maybe own my own company today, around AirXCell or another product, instead of being disgusted and honestly not considering it for the near future.
In addition to giving a pretty important set of principles when it comes to creating and running a startup, The Lean Startup also implies an extended set of Engineering practices, especially software engineering practices.
Aubrey Smith, Sparked Advisory
In this training, we will build on the foundation established in Lean Startup 101 and 201 by delving into examples and cases of the Lean Startup concepts in action. Attendees of Lean Startup 301 will be exposed to cutting edge work from thought leaders and experts using Lean Startup in practice today — at startups and within the enterprise. Participation in this session is essential: You will be asked to help design an MVP and experiment to test critical Leap of Faith Assumption(s) in groups and will be encourage to share experiences. The session is designed to allow attendees to stretch their skills and to push one-another to ‘learn by doing’. The session will also include:
Sample cases and live interviews with practitioners highlighting the application of core concepts;
Exercises designed to bring the concepts to life and challenge participants to deepen their skills;
Discussion of advanced topics such organizational culture and governance as well as industry-specific concepts such as using Lean Startup in heavily regulated markets.
Thanks to Lean Startup Co.’s law firm, Orrick, for being the sponsor for this track.
Discovering the right product is a vital part of a product development process. To do that effectively best product teams use a Product Discovery process. It answers the question of what product to build. Done right it helps you build products customers would love.
Lean Startup - by Hristo Neychev (bring your ideas to life faster, smarter, a...Hristo Neychev
Lean Startup ideas, trends, and best practices through the lens of my experience in four industries, three startups, and two continents.
Lean Startup methodologies are applicable to both small and large organisation focused on creating new products and services under conditions of extreme uncertainty.
Introduction to Lean Startup leading up to a 3-hour workshop. Presented by me at EFYI (European Forum for Young Innovators) 2016, conference organized by Poland Innovative (Polska Innowacyjna).
Would you like to be able to increase the adoption rate of your product? In this session, we will introduce you to cutting edge concepts and techniques to shift your product development process from output to outcome driven. We will combine elements of Lean Startup, Product Discovery, and Experiment Driven Development to accelerate learning to quickly build products customer love.
Dan Olsen, The Lean Product Playbook , @danolsen
Room: C260
Everyone working on a new product is trying to achieve the same goal: product-market fit. Although product-market fit is one of the most important Lean Startup concepts, it’s also the least well defined. Dan Olsen shares the top advice from his book The Lean Product Playbook, including the Product-Market Fit Pyramid: an actionable model that breaks product-market fit down into 5 key elements. Dan also explains the Lean Product Process, a 6-step methodology with practical guidance on how to achieve product-market fit, illustrated with a real-world case study.
Market Opportunity Navigator, Lesson 5: Implications and BenefitsWhere to Play
Learn how to identify your best market opportunities with the framework developed by Marc Gruber and Sharon Tal.
Learn how to use the Market Opportunity Navigator over time, and how it complements and reinforces the Business Model Canvas and the Lean Start-up Methodology.
Learn more on our website:
https://wheretoplay.co/
++++
Stay in touch:
https://www.facebook.com/wheretoplay.co/
https://twitter.com/WhereToPlayCo
https://www.linkedin.com/company/wheretoplay/
How to re-frame business problems to customer-centric opportunity spaces that drive value. Design thinking is your shortcut to customer empathy. A good understanding on how this method could help you identify real customer problems and unmet needs is essential. Moreover we will share techniques and tools that you can implement directly after this crash course. Start inventing the future.
Learn tactics to rapidly build and test a startup idea with a minimal budget. Step-by-step details to create your Minimum Viable Product (MVP) and achieve Product-Market-Channel-Fit. Quickly build, launch, test, gather data, analyze data, iterate, and/ or kill the startup idea.
Have questions? Tweet @Adriana_Herrera or email adriana [at] openbubbles dot com.
Lean Startup is a proven methodology to increase the odds of your success. Entrepreneurs around the world have embraced principles of lean startup. With just an idea or a product, you cannot build a sustainable growing business. You also need to think about various parts of building a business and create a working business model. This presentation introduces you to basic building blocks of Startup business models and lean startup principles.
An attemp to define an "unified field theory" of the most relevant agile methods.
Based on my MSc thesis in Computer Science, about my Extreme Programming and Agile Development teaching at University of Chile since 2002 available in spanish at http://chileagil.comopapel.com/publicaciones/1/
This is an internal “brown bag” presentation I did at PlayHaven, introducing the fundamentals of Lean Startup methodology. Unfortunately, the Cookie Monster GIF doesn’t animate in the Slideshare presentation but you enjoy it 24/7 by clicking this link: http://gifsoup.com/view/1836944/cookie-monster.html :)
Also note that you may notice a few jumps in the included audio recording - I had to remove some sensitive material.
Ryan
@rrhoover
http://ryanhoover.me
Some years ago, Eric Ries, Steve Blank and others initiated The Lean Startup movement. The Lean Startup is a movement, an inspiration, a set of principles and practices that any entrepreneur initiating a startup would be well advised to follow.
Projecting myself into it, I think that if I had read Ries' book before, or even better Blank's book, I would maybe own my own company today, around AirXCell or another product, instead of being disgusted and honestly not considering it for the near future.
In addition to giving a pretty important set of principles when it comes to creating and running a startup, The Lean Startup also implies an extended set of Engineering practices, especially software engineering practices.
Aubrey Smith, Sparked Advisory
In this training, we will build on the foundation established in Lean Startup 101 and 201 by delving into examples and cases of the Lean Startup concepts in action. Attendees of Lean Startup 301 will be exposed to cutting edge work from thought leaders and experts using Lean Startup in practice today — at startups and within the enterprise. Participation in this session is essential: You will be asked to help design an MVP and experiment to test critical Leap of Faith Assumption(s) in groups and will be encourage to share experiences. The session is designed to allow attendees to stretch their skills and to push one-another to ‘learn by doing’. The session will also include:
Sample cases and live interviews with practitioners highlighting the application of core concepts;
Exercises designed to bring the concepts to life and challenge participants to deepen their skills;
Discussion of advanced topics such organizational culture and governance as well as industry-specific concepts such as using Lean Startup in heavily regulated markets.
Thanks to Lean Startup Co.’s law firm, Orrick, for being the sponsor for this track.
Discovering the right product is a vital part of a product development process. To do that effectively best product teams use a Product Discovery process. It answers the question of what product to build. Done right it helps you build products customers would love.
Lean Startup - by Hristo Neychev (bring your ideas to life faster, smarter, a...Hristo Neychev
Lean Startup ideas, trends, and best practices through the lens of my experience in four industries, three startups, and two continents.
Lean Startup methodologies are applicable to both small and large organisation focused on creating new products and services under conditions of extreme uncertainty.
Introduction to Lean Startup leading up to a 3-hour workshop. Presented by me at EFYI (European Forum for Young Innovators) 2016, conference organized by Poland Innovative (Polska Innowacyjna).
Would you like to be able to increase the adoption rate of your product? In this session, we will introduce you to cutting edge concepts and techniques to shift your product development process from output to outcome driven. We will combine elements of Lean Startup, Product Discovery, and Experiment Driven Development to accelerate learning to quickly build products customer love.
Dan Olsen, The Lean Product Playbook , @danolsen
Room: C260
Everyone working on a new product is trying to achieve the same goal: product-market fit. Although product-market fit is one of the most important Lean Startup concepts, it’s also the least well defined. Dan Olsen shares the top advice from his book The Lean Product Playbook, including the Product-Market Fit Pyramid: an actionable model that breaks product-market fit down into 5 key elements. Dan also explains the Lean Product Process, a 6-step methodology with practical guidance on how to achieve product-market fit, illustrated with a real-world case study.
Market Opportunity Navigator, Lesson 5: Implications and BenefitsWhere to Play
Learn how to identify your best market opportunities with the framework developed by Marc Gruber and Sharon Tal.
Learn how to use the Market Opportunity Navigator over time, and how it complements and reinforces the Business Model Canvas and the Lean Start-up Methodology.
Learn more on our website:
https://wheretoplay.co/
++++
Stay in touch:
https://www.facebook.com/wheretoplay.co/
https://twitter.com/WhereToPlayCo
https://www.linkedin.com/company/wheretoplay/
How to re-frame business problems to customer-centric opportunity spaces that drive value. Design thinking is your shortcut to customer empathy. A good understanding on how this method could help you identify real customer problems and unmet needs is essential. Moreover we will share techniques and tools that you can implement directly after this crash course. Start inventing the future.
Learn tactics to rapidly build and test a startup idea with a minimal budget. Step-by-step details to create your Minimum Viable Product (MVP) and achieve Product-Market-Channel-Fit. Quickly build, launch, test, gather data, analyze data, iterate, and/ or kill the startup idea.
Have questions? Tweet @Adriana_Herrera or email adriana [at] openbubbles dot com.
Lean Startup is a proven methodology to increase the odds of your success. Entrepreneurs around the world have embraced principles of lean startup. With just an idea or a product, you cannot build a sustainable growing business. You also need to think about various parts of building a business and create a working business model. This presentation introduces you to basic building blocks of Startup business models and lean startup principles.
An attemp to define an "unified field theory" of the most relevant agile methods.
Based on my MSc thesis in Computer Science, about my Extreme Programming and Agile Development teaching at University of Chile since 2002 available in spanish at http://chileagil.comopapel.com/publicaciones/1/
Transform software delivery with tasktop integration hubTasktop
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Presentación sobre Lean Startup para Startup Oeste. Introducción a la metodología lean, experimentos y filosofía. Ejemplo de Lean Canvas sobre bicicletas eléctricas.
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Introduction to different types of pivots described in Eric Ries' Lean Startup book.
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6. Define
A startup is a company designed to grow
fast. Being newly founded does not in itself
make a company a startup. Nor is it necessary
for a startup to work on technology, or take
venture funding, or have some sort of "exit."
The only essential thing is growth. Everything
else we associate with startups follows from
growth.
Paul Graham
7. Define
A startup is a human institution designed to
create a new product or service under
conditions of extreme uncertainty.
Entrepreneurship is management.
8. Learn
If the fundamental goal of entrepreneurship is
to engage in organization building under
conditions of extreme uncertainty, its most vital
function is learning.
Unfortunately, “learning” is the oldest excuse in
the book for a failure of execution.
9. Learn
Adopt the view that your job is to find a
synthesis between your vision and what
customers would accept; it isn’t to capitulate to
what customers think they want or to tell
customers what they ought to want.
10. Learn
The point is not to find the average customer
but to find early adopters: the customers who
feel the need for the product most acutely.
11. Learn
It is often easier to raise money or acquire
other resources when you have zero revenue,
zero customers, and zero traction than when
you have a small amount.
This phenomenon creates a brutal incentive:
postpone getting any data until you are certain
of success.
12. Learn
Can we build a sustainable business around
this set of products and services?
13. Experiment
Think big, start small. Build a minimum viable
product to test your hypothesis relying on the
scientific method.
14. Experiment
Break down the grand vision into its component
parts. The two most important assumptions
entrepreneurs make are the value hypothesis
and the growth hypothesis.
15. Experiment
Planning is a tool that only works in the
presence of a long and stable operating history.
18. Leap
Genchi Gembutsu: "go and see for yourself"
You cannot be sure you really understand any
part of any business problem unless you go
and see for yourself firsthand.
"If you don't go, you don't know"
19. Leap
Lean UX recognizes that the customer
archetype is a hypothesis, not a fact.
The customer profile should be considered
provisional until the strategy has shown via
validated learning that we can serve this type of
customer in a sustainable way.
21. Test
The fastest way to get through the Build-
Measure-Learn feedback loop with the
minimum amount of effort is via a MVP.
The goal of the MVP is to begin the process of
learning, not end it.
22. Test
Before new products can be sold successfully
to the mass market, they have to be sold to
early adopters. These people are a special
breed of customer. They accept—in fact
prefer—an 80 percent solution; you don’t need
a perfect solution to capture their interest.
23. Test
The lesson of the MVP is that any additional
work beyond what was required to start
learning is waste, no matter how important it
might have seemed at the time.
27. Measure: Innovation accounting
1. Establish the baseline
a. Build an MVP
b. Measure how customers behave right now
2. Tune the engine
a. Experiment to see if we can improve metrics from
the baseline towards the ideal
3. Pivot or persevere
a. When experiments reach diminishing returns, it is
time to pivot
29. Measure
This is the pattern: poor quantitative results
force us to declare failure and create the
motivation, context, and space for more
qualitative research.
30. Measure: Using kanban
Stories could be cataloged as being in one of
four states of development: in the product
backlog, actively being built, done (feature
complete from a technical point of view), or in
the process of being validated.
Validated was defined as “knowing whether the
story was a good idea to have been done in the
first place.”
31. Pivot
Pivot is to change direction while keeping a
foot on sure ground.
A pivot is better understood as a new strategic
hypothesis that will require a new MVP to test.
A startup's runway is the number of pivots it
can still make.
32. Pivot
The more money, time, and creative energy
that has been sunk into an idea, the harder it is
to pivot.
Remember, if we're building something that
nobody wants, it doesn't much matter if we're
doing it on time and on budget.
33. Pivot: Kinds
● Zoom in
● Zoom out
● Customer segment
● Customer need
● Bussiness architecture
● Value capture
● Engine of growth
● Channel
● Technology
35. Batch
Working in small batches ensures that a startup
can minimize the expenditure of time, money,
and effort that ultimately turns out to have been
wasted.
36. Batch
By reducing batch size, we can get through
the Build-Measure-Learn feedback loop
more quickly than our competitors can.
The ability to learn faster from customers is the
essential competitive advantage that startups
must possess.
39. Batch
Large-batch death spiral: the larger the batch,
the higher the pressure to deliver a high-quality
version of the product.
In light of how long the product has been in
development, why not fix one more bug or add
one more feature? Who really wants to be the
manager who risked the success of this huge
release by failing to address a potentially
critical flaw?
40. Batch
Pull, don't push: avoid stockpiled Work In
Progress. Experiments should pull the
development.
Build-Measure-Learn => Learn-Measure-Build
41. Grow
Sustainable growth: New customers come
from the actions of past customers.
● Word of mouth
● Side effect of product usage
● Funded advertising
● Repeat purchase or use
42. Grow: Engines of growth
Sticky
● Relies on high customer retention rate.
● Key is for new customer acquisition exceed
churn rate.
43. Grow: Engines of growth
Viral
Many viral product do not charge customers
directly but rely on indirect sources of revenue
such as advertising.
Customers are not intentionally acting as
evangelists, growth happens automatically as a
side effect of customers using the product.
44. Grow: Engines of growth
Paid
● Marginal profit, the margin between LTV
(customer lifetime value) and CPA (cost per
acquisition)
● Relies on paid advertising
46. Adapt: The five whys
The core idea of Five Whys is to tie
investments directly to the prevention of the
most problematic symptoms.
Adopt these simple rules:
1- Be tolerant of all mistakes the first time
2- Never allow the same mistake to be made
twice
47. Innovate
As the company grows, keep innovating. Build
small teams of entrepreneurs within the
company to have a diverse portfolio and keep
innovating.
Create a sandbox for innovation that will
contain the impact of the new innovation but
not constrain the methods of the startup team.
48. Innovate
Startup teams require three structural
attributes:
● scarce but secure resources,
● independent authority to develop their
business,
● and a personal stake in the outcome.
49. Innovate
The innovation team should be cross-functional
and have a clear team leader.
It should be empowered to build, market, and
deploy products or features in the sandbox
without prior approval.
It should be required to report on the success
or failure of those efforts by using standard
actionable metrics and innovation accounting.
51. Epilogue
For all of our vaunted efficiency in the making
of things, our economy is still incredibly
wasteful.
This waste comes not from the inefficient
organization of work but rather from working on
the wrong things - and on an industrial scale.
As Peter Drucker said, “There is surely nothing
quite so useless as doing with great efficiency
what should not be done at all.”
52. Epilogue
By focusing on functional efficiency, we lose
sight of the real goal of innovation: to learn that
which is currently unknown.
54. User-centered design
No matter how many users you talk to, no
matter how much data you collect, at the end of
the day, a human has to decide.
No amount of data analysis can make up for a
lack of talent.
55. User-centered design
Users and their data should be there to inform
designers, not to substitute for them.
Great ideas can't be tested. Only mediocre
ideas can be tested.