SlideShare a Scribd company logo
1 of 22
MVP
Some Background
“a product guy”
•  Lots of startups
•  Non-developer
•  Self taught
@gammill …
*	
  acquired	
  
*	
  
*	
   *	
  
*	
  
A Curriculum
Prototyping MvP Strategy
“No Code Prototype” “n=1 MVP” “Strategy Matters”
“from the trenches”
Bottoms up approach…
My Assumptions
“You’re ready to rock”
•  Assumptions.
– Focused on pain killer
– You have a prototype
– You have tech resources
For those about to rock…
WTF MVP
“cliffs suck”
•  Test your hypothesis
•  Makes it consumable
•  Can be killed off
Stop driving blind…
Delusions of Grandeur
Your Vision
Your Products
Your
MVP
Prototype
Prototype
Prototype
MVP Scope
Test Value Prop traffic/signups 60%
Deliver Utility or Fun engagement/wom 50%
Demonstrate Traction viral/cpa/etc 25%
Test	
  your	
  BS…	
  
Create Addiction
“pills baby”
•  Find your hook
•  Tap behavioral trends
•  Build for you
The doctor is in…
THE Goal
“focus. value. speed. ”
•  Your prototype needs simplifying
•  Objectives are get/engage
customers, generate revenue, raise
money, etc
•  Focus on the minimum set of
features required to create value.
Be careful…
Laundry Time
“create the laundry list”
•  List out all the features
•  Categorize the features
•  Define the MVP objective
Start making your list…
Choose Features
“a fine balancing act”
•  Utility – drives usage
•  Viral – drive Word of Mouth
•  Monetization – makes money
•  Risk – viability
•  Wow - differentiation.
Be deliberate…
Feature Set
Activity Function Category Sub Category
ave trans
per user
trans
per
year
ave
trans
value ARPU
Checks Daily Agenda email summary usage email 3 x/wk 156
Reminds husband to pick up kids email, SMS and Social usage reminder 3x /wk 156
Creates GTD list Task list (internal) usage lists 1 x/wk 52
IM chats w/ friend re: dinner plans meebo.com usage communications 1x /wk 52
Creates grocery list Task list usage shopping 2x /m 24
Checks friends availability Check calendars usage schedule 2x /m 24
Updates Facebook Facebook WOM social 2 x/wk 104
Shares plans with her friends Facebook, twitter, etc WOM social 1 x/wk 52
Sends 'daily deal' to friend HUBnote (internal) WOM communications 1x /wk 52
Schedules lunch OpenTable rev dining 6x /yr 6 20 6
Plans holiday travel Kayak, etc rev travel 2x /yr 2 50 5
Gets movie tickets Fandango, MovieTickets.com rev entertainment 5x /yr 5 20 5
buys tickets to the concert ticketmaster.com rev entertainment 2x /yr 2 50 5
Buys brother a gift Amazon.com rev general 2x /yr 2 30 3
Orders flowers for mom FTD.com, 1800flowers rev gifts 3x /yr 3 20 3
Sends brother b-day card americangreetings, Hallmark rev gifts 5x /yr 5 1 0.25
Checks Weather weather.com, etc tbd conditions 3 x/wk 156
Checks Traffic Google Maps? tbd maps 3 x/wk 156
Checks news feeds tbd tbd news 3 x/wk 156
Total 27.25
* 5%
Force Feasibility
MfP	
   MvP	
  
Fit	
  &	
  Finish	
  
Launch	
  Milestone	
  
Usage	
  Monitoring	
  
	
  
User	
  Experience	
  
Func5onal	
  Build	
  
Internal	
  Milestone	
  
Talk	
  Test	
  
	
  
Core	
  Capabili=es	
  
Recent Learnings
“Manage the process”
•  Find a CTO friend – learn the lexicon
•  Pick 1 platform - Mobile vs Web
•  Stick to ‘standards’ – LAMP
Keep it simple…
Your Tools
Get Started
“Make bacon”
•  Revisit the prototype
•  Define the objectives
•  List out your features
•  Define MfP & MvP
•  Get out of the building…
Be awesome…
One Rule
“n=1”
•  Everything good starts with 1
•  first idea, first line of code, first
deck, first term sheet, first
customer, first employee, first
exit, first dollar, first contract.
•  Focus on first unit of value
Put on your lab coat…
TO JOIN THE MOVEMENT
contact
Chrsitian Gammill
Founder, Advisor & Helper
jgammill@gmail.com
310-526-3751
about.me/gammill
Backup
Pivot
Increments
Incremental Evolution
Well defined build (but not over spec’d)
Customer feedback for tweaks (UI/UX, etc)
Customer input for future features (capabilities, etc)
Very team and customer driven
“Bet the Farm” Pivots
Intense sprint driven builds (constrained
‘existing’ feature set)
Customer feedback for monetization
Business model projections and testing
Very customer and market driven
Pivot?
Objective
Find a business model (not just eyeballs or signups)
Drive customer advocacy (not just uptake)
Reduce cycle time (both versions and pivots)
Travature
SocialGuides
(B2C)
SocialGuides
(B2B)
Company
Pivot
Product
Pivot
Pricing
Pivot
18	
  M	
   9	
  M	
   6	
  M	
  
Pivot Example
#TheStartLab
“shut up and start”
•  We apply the principles of the scientific method.
•  No BS. No funding. No PR. Just hard work.
•  A learning lab for new entrepreneurs.
Saving millions while creating billions…

More Related Content

Viewers also liked

Viewers also liked (15)

Agency Offerings
Agency OfferingsAgency Offerings
Agency Offerings
 
No Code Proto
No Code ProtoNo Code Proto
No Code Proto
 
香港六合彩
香港六合彩香港六合彩
香港六合彩
 
Memory Testforthe Aging
Memory Testforthe AgingMemory Testforthe Aging
Memory Testforthe Aging
 
Relações entre design gráfico e estética
Relações entre design gráfico e estéticaRelações entre design gráfico e estética
Relações entre design gráfico e estética
 
香港六合彩
香港六合彩香港六合彩
香港六合彩
 
香港六合彩
香港六合彩香港六合彩
香港六合彩
 
Loves Presentation
Loves PresentationLoves Presentation
Loves Presentation
 
motivasi
motivasimotivasi
motivasi
 
Pencil Story
Pencil StoryPencil Story
Pencil Story
 
香港六合彩
香港六合彩香港六合彩
香港六合彩
 
Presentation1
Presentation1Presentation1
Presentation1
 
Customer Development - Notes from the Field
Customer Development - Notes from the FieldCustomer Development - Notes from the Field
Customer Development - Notes from the Field
 
Paradoxofourtimes 1
Paradoxofourtimes 1Paradoxofourtimes 1
Paradoxofourtimes 1
 
pengurusan masa
pengurusan masapengurusan masa
pengurusan masa
 

Similar to MVP Defined

Reduce Product Failures While Boosting Conversion Rates
Reduce Product Failures While Boosting Conversion RatesReduce Product Failures While Boosting Conversion Rates
Reduce Product Failures While Boosting Conversion RatesUserZoom
 
Social Media Marketing for Affiliates
Social Media Marketing for AffiliatesSocial Media Marketing for Affiliates
Social Media Marketing for AffiliatesAffiliate Summit
 
5 Design Hacks to Build a Better Product in Less Time
5 Design Hacks to Build a Better Product in Less Time5 Design Hacks to Build a Better Product in Less Time
5 Design Hacks to Build a Better Product in Less TimeAmy Jo Kim
 
Product design for Non Designers - Montreal Digital Nomad Meetup
Product design for Non Designers - Montreal Digital Nomad MeetupProduct design for Non Designers - Montreal Digital Nomad Meetup
Product design for Non Designers - Montreal Digital Nomad MeetupSebastian Tory-Pratt
 
NWEN and Founder Institute Ideation Bootcamp - Week 2 - Venture Ready Researc...
NWEN and Founder Institute Ideation Bootcamp - Week 2 - Venture Ready Researc...NWEN and Founder Institute Ideation Bootcamp - Week 2 - Venture Ready Researc...
NWEN and Founder Institute Ideation Bootcamp - Week 2 - Venture Ready Researc...Dave Parker
 
Kama pitch deck (Nov 7th 2020)
Kama pitch deck (Nov 7th 2020)Kama pitch deck (Nov 7th 2020)
Kama pitch deck (Nov 7th 2020)Arjun Vairavan
 
Improve your product design with Game Thinking (UIE Webinar)
Improve your product design with Game Thinking (UIE Webinar)Improve your product design with Game Thinking (UIE Webinar)
Improve your product design with Game Thinking (UIE Webinar)Amy Jo Kim
 
UXSG2014 Workshop (Day 1) - Lean Startup (Bryan Long)
UXSG2014 Workshop (Day 1) - Lean Startup (Bryan Long)UXSG2014 Workshop (Day 1) - Lean Startup (Bryan Long)
UXSG2014 Workshop (Day 1) - Lean Startup (Bryan Long)ux singapore
 
The Essentials of Great Product Design
The Essentials of Great Product DesignThe Essentials of Great Product Design
The Essentials of Great Product DesignMatt Baxter
 
Hardware Startups 101: Tips for "career engineers" (NESOSA 2015; Favalora)
Hardware Startups 101: Tips for "career engineers" (NESOSA 2015; Favalora)Hardware Startups 101: Tips for "career engineers" (NESOSA 2015; Favalora)
Hardware Startups 101: Tips for "career engineers" (NESOSA 2015; Favalora)favalora
 
Crowdsourcing PWI Sept-2011
Crowdsourcing PWI Sept-2011Crowdsourcing PWI Sept-2011
Crowdsourcing PWI Sept-2011Corina Ciechanow
 
Learn Learning + Prototype Testing
Learn Learning + Prototype TestingLearn Learning + Prototype Testing
Learn Learning + Prototype TestingDave Hora
 
Driving Online Sales - Craig Sullivan, The future of the online marketplace 2...
Driving Online Sales - Craig Sullivan, The future of the online marketplace 2...Driving Online Sales - Craig Sullivan, The future of the online marketplace 2...
Driving Online Sales - Craig Sullivan, The future of the online marketplace 2...Invest Northern Ireland
 
Customer Development for Startups
Customer Development for StartupsCustomer Development for Startups
Customer Development for StartupsGVA
 
The ABCs of Scaling Right
The ABCs of Scaling RightThe ABCs of Scaling Right
The ABCs of Scaling RightBryan Cassady
 
12 reasons your site sucks - InvestNI
12 reasons your site sucks - InvestNI12 reasons your site sucks - InvestNI
12 reasons your site sucks - InvestNICraig Sullivan
 
Netflix: From Product Strategy to Execution
Netflix: From Product Strategy  to ExecutionNetflix: From Product Strategy  to Execution
Netflix: From Product Strategy to ExecutionRebecca Mosner
 
Intro to Lean
Intro to LeanIntro to Lean
Intro to LeanJoe Chin
 
Future of Web Apps (FOWA) 2009 Review
Future of Web Apps (FOWA) 2009 ReviewFuture of Web Apps (FOWA) 2009 Review
Future of Web Apps (FOWA) 2009 ReviewGene Crawford
 

Similar to MVP Defined (20)

Reduce Product Failures While Boosting Conversion Rates
Reduce Product Failures While Boosting Conversion RatesReduce Product Failures While Boosting Conversion Rates
Reduce Product Failures While Boosting Conversion Rates
 
Social Media Marketing for Affiliates
Social Media Marketing for AffiliatesSocial Media Marketing for Affiliates
Social Media Marketing for Affiliates
 
5 Design Hacks to Build a Better Product in Less Time
5 Design Hacks to Build a Better Product in Less Time5 Design Hacks to Build a Better Product in Less Time
5 Design Hacks to Build a Better Product in Less Time
 
Product design for Non Designers - Montreal Digital Nomad Meetup
Product design for Non Designers - Montreal Digital Nomad MeetupProduct design for Non Designers - Montreal Digital Nomad Meetup
Product design for Non Designers - Montreal Digital Nomad Meetup
 
The Startup Lifecycle (Presented by CEI and friends)
The Startup Lifecycle (Presented by CEI and friends)The Startup Lifecycle (Presented by CEI and friends)
The Startup Lifecycle (Presented by CEI and friends)
 
NWEN and Founder Institute Ideation Bootcamp - Week 2 - Venture Ready Researc...
NWEN and Founder Institute Ideation Bootcamp - Week 2 - Venture Ready Researc...NWEN and Founder Institute Ideation Bootcamp - Week 2 - Venture Ready Researc...
NWEN and Founder Institute Ideation Bootcamp - Week 2 - Venture Ready Researc...
 
Kama pitch deck (Nov 7th 2020)
Kama pitch deck (Nov 7th 2020)Kama pitch deck (Nov 7th 2020)
Kama pitch deck (Nov 7th 2020)
 
Improve your product design with Game Thinking (UIE Webinar)
Improve your product design with Game Thinking (UIE Webinar)Improve your product design with Game Thinking (UIE Webinar)
Improve your product design with Game Thinking (UIE Webinar)
 
UXSG2014 Workshop (Day 1) - Lean Startup (Bryan Long)
UXSG2014 Workshop (Day 1) - Lean Startup (Bryan Long)UXSG2014 Workshop (Day 1) - Lean Startup (Bryan Long)
UXSG2014 Workshop (Day 1) - Lean Startup (Bryan Long)
 
The Essentials of Great Product Design
The Essentials of Great Product DesignThe Essentials of Great Product Design
The Essentials of Great Product Design
 
Hardware Startups 101: Tips for "career engineers" (NESOSA 2015; Favalora)
Hardware Startups 101: Tips for "career engineers" (NESOSA 2015; Favalora)Hardware Startups 101: Tips for "career engineers" (NESOSA 2015; Favalora)
Hardware Startups 101: Tips for "career engineers" (NESOSA 2015; Favalora)
 
Crowdsourcing PWI Sept-2011
Crowdsourcing PWI Sept-2011Crowdsourcing PWI Sept-2011
Crowdsourcing PWI Sept-2011
 
Learn Learning + Prototype Testing
Learn Learning + Prototype TestingLearn Learning + Prototype Testing
Learn Learning + Prototype Testing
 
Driving Online Sales - Craig Sullivan, The future of the online marketplace 2...
Driving Online Sales - Craig Sullivan, The future of the online marketplace 2...Driving Online Sales - Craig Sullivan, The future of the online marketplace 2...
Driving Online Sales - Craig Sullivan, The future of the online marketplace 2...
 
Customer Development for Startups
Customer Development for StartupsCustomer Development for Startups
Customer Development for Startups
 
The ABCs of Scaling Right
The ABCs of Scaling RightThe ABCs of Scaling Right
The ABCs of Scaling Right
 
12 reasons your site sucks - InvestNI
12 reasons your site sucks - InvestNI12 reasons your site sucks - InvestNI
12 reasons your site sucks - InvestNI
 
Netflix: From Product Strategy to Execution
Netflix: From Product Strategy  to ExecutionNetflix: From Product Strategy  to Execution
Netflix: From Product Strategy to Execution
 
Intro to Lean
Intro to LeanIntro to Lean
Intro to Lean
 
Future of Web Apps (FOWA) 2009 Review
Future of Web Apps (FOWA) 2009 ReviewFuture of Web Apps (FOWA) 2009 Review
Future of Web Apps (FOWA) 2009 Review
 

Recently uploaded

RE Capital's Visionary Leadership under Newman Leech
RE Capital's Visionary Leadership under Newman LeechRE Capital's Visionary Leadership under Newman Leech
RE Capital's Visionary Leadership under Newman LeechNewman George Leech
 
Progress Report - Oracle Database Analyst Summit
Progress  Report - Oracle Database Analyst SummitProgress  Report - Oracle Database Analyst Summit
Progress Report - Oracle Database Analyst SummitHolger Mueller
 
Russian Faridabad Call Girls(Badarpur) : ☎ 8168257667, @4999
Russian Faridabad Call Girls(Badarpur) : ☎ 8168257667, @4999Russian Faridabad Call Girls(Badarpur) : ☎ 8168257667, @4999
Russian Faridabad Call Girls(Badarpur) : ☎ 8168257667, @4999Tina Ji
 
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
Keppel Ltd. 1Q 2024 Business Update  Presentation SlidesKeppel Ltd. 1Q 2024 Business Update  Presentation Slides
Keppel Ltd. 1Q 2024 Business Update Presentation SlidesKeppelCorporation
 
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdfRenandantas16
 
Pharma Works Profile of Karan Communications
Pharma Works Profile of Karan CommunicationsPharma Works Profile of Karan Communications
Pharma Works Profile of Karan Communicationskarancommunications
 
/:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc...
/:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc.../:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc...
/:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc...lizamodels9
 
VIP Call Girls Pune Kirti 8617697112 Independent Escort Service Pune
VIP Call Girls Pune Kirti 8617697112 Independent Escort Service PuneVIP Call Girls Pune Kirti 8617697112 Independent Escort Service Pune
VIP Call Girls Pune Kirti 8617697112 Independent Escort Service PuneCall girls in Ahmedabad High profile
 
7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...Paul Menig
 
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service DewasVip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewasmakika9823
 
Call Girls In Radisson Blu Hotel New Delhi Paschim Vihar ❤️8860477959 Escorts...
Call Girls In Radisson Blu Hotel New Delhi Paschim Vihar ❤️8860477959 Escorts...Call Girls In Radisson Blu Hotel New Delhi Paschim Vihar ❤️8860477959 Escorts...
Call Girls In Radisson Blu Hotel New Delhi Paschim Vihar ❤️8860477959 Escorts...lizamodels9
 
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,noida100girls
 
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...anilsa9823
 
Grateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdfGrateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdfPaul Menig
 
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...lizamodels9
 
M.C Lodges -- Guest House in Jhang.
M.C Lodges --  Guest House in Jhang.M.C Lodges --  Guest House in Jhang.
M.C Lodges -- Guest House in Jhang.Aaiza Hassan
 
Cash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call GirlsCash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call GirlsApsara Of India
 
Lowrate Call Girls In Laxmi Nagar Delhi ❤️8860477959 Escorts 100% Genuine Ser...
Lowrate Call Girls In Laxmi Nagar Delhi ❤️8860477959 Escorts 100% Genuine Ser...Lowrate Call Girls In Laxmi Nagar Delhi ❤️8860477959 Escorts 100% Genuine Ser...
Lowrate Call Girls In Laxmi Nagar Delhi ❤️8860477959 Escorts 100% Genuine Ser...lizamodels9
 
2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis UsageNeil Kimberley
 

Recently uploaded (20)

RE Capital's Visionary Leadership under Newman Leech
RE Capital's Visionary Leadership under Newman LeechRE Capital's Visionary Leadership under Newman Leech
RE Capital's Visionary Leadership under Newman Leech
 
Progress Report - Oracle Database Analyst Summit
Progress  Report - Oracle Database Analyst SummitProgress  Report - Oracle Database Analyst Summit
Progress Report - Oracle Database Analyst Summit
 
Russian Faridabad Call Girls(Badarpur) : ☎ 8168257667, @4999
Russian Faridabad Call Girls(Badarpur) : ☎ 8168257667, @4999Russian Faridabad Call Girls(Badarpur) : ☎ 8168257667, @4999
Russian Faridabad Call Girls(Badarpur) : ☎ 8168257667, @4999
 
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
Keppel Ltd. 1Q 2024 Business Update  Presentation SlidesKeppel Ltd. 1Q 2024 Business Update  Presentation Slides
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
 
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
 
Pharma Works Profile of Karan Communications
Pharma Works Profile of Karan CommunicationsPharma Works Profile of Karan Communications
Pharma Works Profile of Karan Communications
 
/:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc...
/:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc.../:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc...
/:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc...
 
VIP Call Girls Pune Kirti 8617697112 Independent Escort Service Pune
VIP Call Girls Pune Kirti 8617697112 Independent Escort Service PuneVIP Call Girls Pune Kirti 8617697112 Independent Escort Service Pune
VIP Call Girls Pune Kirti 8617697112 Independent Escort Service Pune
 
7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...
 
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service DewasVip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
 
Call Girls In Radisson Blu Hotel New Delhi Paschim Vihar ❤️8860477959 Escorts...
Call Girls In Radisson Blu Hotel New Delhi Paschim Vihar ❤️8860477959 Escorts...Call Girls In Radisson Blu Hotel New Delhi Paschim Vihar ❤️8860477959 Escorts...
Call Girls In Radisson Blu Hotel New Delhi Paschim Vihar ❤️8860477959 Escorts...
 
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
 
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
 
Grateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdfGrateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdf
 
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
 
M.C Lodges -- Guest House in Jhang.
M.C Lodges --  Guest House in Jhang.M.C Lodges --  Guest House in Jhang.
M.C Lodges -- Guest House in Jhang.
 
Cash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call GirlsCash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call Girls
 
Lowrate Call Girls In Laxmi Nagar Delhi ❤️8860477959 Escorts 100% Genuine Ser...
Lowrate Call Girls In Laxmi Nagar Delhi ❤️8860477959 Escorts 100% Genuine Ser...Lowrate Call Girls In Laxmi Nagar Delhi ❤️8860477959 Escorts 100% Genuine Ser...
Lowrate Call Girls In Laxmi Nagar Delhi ❤️8860477959 Escorts 100% Genuine Ser...
 
2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage
 
KestrelPro Flyer Japan IT Week 2024 (English)
KestrelPro Flyer Japan IT Week 2024 (English)KestrelPro Flyer Japan IT Week 2024 (English)
KestrelPro Flyer Japan IT Week 2024 (English)
 

MVP Defined

  • 1. MVP
  • 2. Some Background “a product guy” •  Lots of startups •  Non-developer •  Self taught @gammill … *  acquired   *   *   *   *  
  • 3. A Curriculum Prototyping MvP Strategy “No Code Prototype” “n=1 MVP” “Strategy Matters” “from the trenches” Bottoms up approach…
  • 4. My Assumptions “You’re ready to rock” •  Assumptions. – Focused on pain killer – You have a prototype – You have tech resources For those about to rock…
  • 5. WTF MVP “cliffs suck” •  Test your hypothesis •  Makes it consumable •  Can be killed off Stop driving blind…
  • 6. Delusions of Grandeur Your Vision Your Products Your MVP Prototype Prototype Prototype
  • 7. MVP Scope Test Value Prop traffic/signups 60% Deliver Utility or Fun engagement/wom 50% Demonstrate Traction viral/cpa/etc 25% Test  your  BS…  
  • 8. Create Addiction “pills baby” •  Find your hook •  Tap behavioral trends •  Build for you The doctor is in…
  • 9. THE Goal “focus. value. speed. ” •  Your prototype needs simplifying •  Objectives are get/engage customers, generate revenue, raise money, etc •  Focus on the minimum set of features required to create value. Be careful…
  • 10. Laundry Time “create the laundry list” •  List out all the features •  Categorize the features •  Define the MVP objective Start making your list…
  • 11. Choose Features “a fine balancing act” •  Utility – drives usage •  Viral – drive Word of Mouth •  Monetization – makes money •  Risk – viability •  Wow - differentiation. Be deliberate…
  • 12. Feature Set Activity Function Category Sub Category ave trans per user trans per year ave trans value ARPU Checks Daily Agenda email summary usage email 3 x/wk 156 Reminds husband to pick up kids email, SMS and Social usage reminder 3x /wk 156 Creates GTD list Task list (internal) usage lists 1 x/wk 52 IM chats w/ friend re: dinner plans meebo.com usage communications 1x /wk 52 Creates grocery list Task list usage shopping 2x /m 24 Checks friends availability Check calendars usage schedule 2x /m 24 Updates Facebook Facebook WOM social 2 x/wk 104 Shares plans with her friends Facebook, twitter, etc WOM social 1 x/wk 52 Sends 'daily deal' to friend HUBnote (internal) WOM communications 1x /wk 52 Schedules lunch OpenTable rev dining 6x /yr 6 20 6 Plans holiday travel Kayak, etc rev travel 2x /yr 2 50 5 Gets movie tickets Fandango, MovieTickets.com rev entertainment 5x /yr 5 20 5 buys tickets to the concert ticketmaster.com rev entertainment 2x /yr 2 50 5 Buys brother a gift Amazon.com rev general 2x /yr 2 30 3 Orders flowers for mom FTD.com, 1800flowers rev gifts 3x /yr 3 20 3 Sends brother b-day card americangreetings, Hallmark rev gifts 5x /yr 5 1 0.25 Checks Weather weather.com, etc tbd conditions 3 x/wk 156 Checks Traffic Google Maps? tbd maps 3 x/wk 156 Checks news feeds tbd tbd news 3 x/wk 156 Total 27.25 * 5%
  • 13. Force Feasibility MfP   MvP   Fit  &  Finish   Launch  Milestone   Usage  Monitoring     User  Experience   Func5onal  Build   Internal  Milestone   Talk  Test     Core  Capabili=es  
  • 14. Recent Learnings “Manage the process” •  Find a CTO friend – learn the lexicon •  Pick 1 platform - Mobile vs Web •  Stick to ‘standards’ – LAMP Keep it simple…
  • 16. Get Started “Make bacon” •  Revisit the prototype •  Define the objectives •  List out your features •  Define MfP & MvP •  Get out of the building… Be awesome…
  • 17. One Rule “n=1” •  Everything good starts with 1 •  first idea, first line of code, first deck, first term sheet, first customer, first employee, first exit, first dollar, first contract. •  Focus on first unit of value Put on your lab coat…
  • 18. TO JOIN THE MOVEMENT contact Chrsitian Gammill Founder, Advisor & Helper jgammill@gmail.com 310-526-3751 about.me/gammill
  • 20. Pivot Increments Incremental Evolution Well defined build (but not over spec’d) Customer feedback for tweaks (UI/UX, etc) Customer input for future features (capabilities, etc) Very team and customer driven “Bet the Farm” Pivots Intense sprint driven builds (constrained ‘existing’ feature set) Customer feedback for monetization Business model projections and testing Very customer and market driven Pivot?
  • 21. Objective Find a business model (not just eyeballs or signups) Drive customer advocacy (not just uptake) Reduce cycle time (both versions and pivots) Travature SocialGuides (B2C) SocialGuides (B2B) Company Pivot Product Pivot Pricing Pivot 18  M   9  M   6  M   Pivot Example
  • 22. #TheStartLab “shut up and start” •  We apply the principles of the scientific method. •  No BS. No funding. No PR. Just hard work. •  A learning lab for new entrepreneurs. Saving millions while creating billions…