SlideShare a Scribd company logo
I am an 
entrepreneur 
because ….
Entrepreneurial Science For Startups 
AKA “Lean Startup” (a trademark owned by @ericries) 
A MINIMUM VIABLE SLIDE DECK 
PREPARED FOR 
“Entrepreneurs in the Balkans with an idea to 
change the world who are willing to experiment to 
see if the world wants to be changed”. 
BY 
@adamberk
Will you do 100 interviews for an investment in 
your MVP at a $1m valuation?
Say hi to 
@fdebane ask 
him to tell you 
about why you 
should not kill a 
bear
The most 
annoying 
thing that 
happened…
The most 
annoying 
thing that 
happened…
I am solving 
this problem 
for 
this person.
If you 
cannot 
explain it 
simply, 
you 
do not 
UNDERSTAND IT 
well enough. 
<<< That guy
If you think your customer 
segment is 
MILLENNIALS, YOUNG 
PROFESSIONALS, EVERYONE, 
SMBs, MULTIPLE ACTORS, 
YOUR MENTORS, PEOPLE WHO 
HAVE A VESTED INTEREST IN 
BUILDING YOUR SOLUTION 
(added after the webinar) 
FRIENDS, FAMILY, 
you do 
not 
UNDERSTAND IT 
well enough. 
<<< That guy
If you think the problem you are 
solving is 
LACK OF TIME, LACK OF 
MONEY, LACK OF CUSTOMERS, 
LACK OF YOUR SOLUTION, 
you do 
not 
UNDERSTAND IT 
well enough. 
<<< That guy
Good idea? 
Who cares!
No really, 
Who cares?
Good idea? 
Prove it!
“It doesn’t matter what I believe, it 
only matters what I can prove” 
LT KAFFE 
A FEW GOOD MEN
UNTIL THEN
YOU CAN’T HANDLE THE TRUTH
I am solving 
this problem 
for 
this person.
Build first?
Test Demand NOT SUPPLY
Isolate your variables and 
assumptions 
test them independently
Test the 
riskiest 
things first
FACTS 
vs 
PROBLEMS 
you cannot solve a fact
AN EARLY 
ADOPTER TELLS 
YOU THEIR 
PROBLEM BEFORE 
YOU TELL THEM
HEADACHE 
PROBLEMS 
VS 
MIGRAINE 
PROBLEMS 
say hi to @dianakander and ask her about her dog (and watch her 
talks online)
“#Custdev isn’t cool. You know 
what’s cool? NOT spending 6 
months and 50 grand building a 
product that no one wants solving a 
problem that no one has and 
fighting with cofounders & blaming 
lack of activation or retention on 
biased press, stupid VCs with no 
guts or vision, and being too early.” 
-Pawn Sharker
Scientists do 
not coddle 
ideas. They 
crash test them. 
They run them 
into a brick wall 
at sixty miles 
per hour. If the 
idea is sound 
the pieces will 
be of the wall.
Cure tunnel vision
Don't let your idea...
Get out 
of your comfort zone
GOOB 
(credit, Steve Blank)
Pull 
don't push - it's harder than it seems.
PAST 
not future
LISTEN 
do you hear that? you have 2 ears and only 
one mouth for a reason. Listen at least 2x as 
much as you talk.
WHY? WHY? 
WHY? 
WHY? WHY?
tweet “hey @claychristensen @ericries, 
milkshake marketing is brilliant #jtbd 
@numaparis”
PERFECTION 
is achieved 
NOT when there is 
nothing left to A D D , 
BT WHN THRE IS 
NTHING LFT TO 
TAKE AWY
They may not know WHAT they want, 
but they have to want SOMETHING
“I want to solve 
this problem, for 
this person, 
because.” 
-you
Go talk to 10 of these people. Find out 
IF you can still accomplish the 
BECAUSE based on what you learned. 
It is that simple. If you still think you 
can, create a solution MVP. If you think 
you cannot, change something. If you 
are not sure - talk to 10 more people.
“Do things that 
don't scale” 
-Paul Graham
“Yeah runnin' down a dream 
That never would come to me 
Workin' on a mystery, goin' wherever it leads 
Runnin' down a dream.” 
-Tom Petty (rock n roll singer)
@dianakander @trikro @lissijean 
@Justin_Wilcox @unbounce 
@franckdenbane @TechPeaks 
@IstanbulStartup 
@sgblank @ericries @paulg @danariely 
@fakegrimlock @claychristensen 
https://signalvnoise.com/posts/3589-why-were- 
doing-things-that-dont-scale

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I want to solve this problem for this person because... @SuperFounders

  • 1. I am an entrepreneur because ….
  • 2. Entrepreneurial Science For Startups AKA “Lean Startup” (a trademark owned by @ericries) A MINIMUM VIABLE SLIDE DECK PREPARED FOR “Entrepreneurs in the Balkans with an idea to change the world who are willing to experiment to see if the world wants to be changed”. BY @adamberk
  • 3. Will you do 100 interviews for an investment in your MVP at a $1m valuation?
  • 4.
  • 5. Say hi to @fdebane ask him to tell you about why you should not kill a bear
  • 6. The most annoying thing that happened…
  • 7. The most annoying thing that happened…
  • 8. I am solving this problem for this person.
  • 9. If you cannot explain it simply, you do not UNDERSTAND IT well enough. <<< That guy
  • 10. If you think your customer segment is MILLENNIALS, YOUNG PROFESSIONALS, EVERYONE, SMBs, MULTIPLE ACTORS, YOUR MENTORS, PEOPLE WHO HAVE A VESTED INTEREST IN BUILDING YOUR SOLUTION (added after the webinar) FRIENDS, FAMILY, you do not UNDERSTAND IT well enough. <<< That guy
  • 11. If you think the problem you are solving is LACK OF TIME, LACK OF MONEY, LACK OF CUSTOMERS, LACK OF YOUR SOLUTION, you do not UNDERSTAND IT well enough. <<< That guy
  • 12.
  • 13.
  • 14. Good idea? Who cares!
  • 15. No really, Who cares?
  • 16.
  • 18. “It doesn’t matter what I believe, it only matters what I can prove” LT KAFFE A FEW GOOD MEN
  • 20. YOU CAN’T HANDLE THE TRUTH
  • 21.
  • 22. I am solving this problem for this person.
  • 24.
  • 25. Test Demand NOT SUPPLY
  • 26. Isolate your variables and assumptions test them independently
  • 27. Test the riskiest things first
  • 28. FACTS vs PROBLEMS you cannot solve a fact
  • 29. AN EARLY ADOPTER TELLS YOU THEIR PROBLEM BEFORE YOU TELL THEM
  • 30. HEADACHE PROBLEMS VS MIGRAINE PROBLEMS say hi to @dianakander and ask her about her dog (and watch her talks online)
  • 31.
  • 32. “#Custdev isn’t cool. You know what’s cool? NOT spending 6 months and 50 grand building a product that no one wants solving a problem that no one has and fighting with cofounders & blaming lack of activation or retention on biased press, stupid VCs with no guts or vision, and being too early.” -Pawn Sharker
  • 33.
  • 34. Scientists do not coddle ideas. They crash test them. They run them into a brick wall at sixty miles per hour. If the idea is sound the pieces will be of the wall.
  • 36. Don't let your idea...
  • 37.
  • 38. Get out of your comfort zone
  • 40. Pull don't push - it's harder than it seems.
  • 42.
  • 43. LISTEN do you hear that? you have 2 ears and only one mouth for a reason. Listen at least 2x as much as you talk.
  • 44. WHY? WHY? WHY? WHY? WHY?
  • 45.
  • 46. tweet “hey @claychristensen @ericries, milkshake marketing is brilliant #jtbd @numaparis”
  • 47.
  • 48. PERFECTION is achieved NOT when there is nothing left to A D D , BT WHN THRE IS NTHING LFT TO TAKE AWY
  • 49. They may not know WHAT they want, but they have to want SOMETHING
  • 50. “I want to solve this problem, for this person, because.” -you
  • 51. Go talk to 10 of these people. Find out IF you can still accomplish the BECAUSE based on what you learned. It is that simple. If you still think you can, create a solution MVP. If you think you cannot, change something. If you are not sure - talk to 10 more people.
  • 52. “Do things that don't scale” -Paul Graham
  • 53. “Yeah runnin' down a dream That never would come to me Workin' on a mystery, goin' wherever it leads Runnin' down a dream.” -Tom Petty (rock n roll singer)
  • 54. @dianakander @trikro @lissijean @Justin_Wilcox @unbounce @franckdenbane @TechPeaks @IstanbulStartup @sgblank @ericries @paulg @danariely @fakegrimlock @claychristensen https://signalvnoise.com/posts/3589-why-were- doing-things-that-dont-scale

Editor's Notes

  1. what is your goal - how will you know you have accomplished it - how do you avoid retrospective coherence…
  2. this week this month
  3. this week this month
  4. what is your goal - how will you know you have accomplished it - how do you avoid retrospective coherence…
  5. what is your goal - how will you know you have accomplished it - how do you avoid retrospective coherence…
  6. what is your goal - how will you know you have accomplished it - how do you avoid retrospective coherence…
  7. what is your goal - how will you know you have accomplished it - how do you avoid retrospective coherence…
  8. This is how it is going to be all weekend. We are not going to tell you we have no spoon or that your idea sucks or is great. We are going to ask you vague questions and lead you to the answer. It may be uncomfortable. It hurts us more than it hurts you. Your instructors have been trained to not break character, do not take it out on them. We are not doing this to be annoying, we are doing it because we have seen it work. Refunds are on the table if you want to leave:) they will be here until after you run your first experiment.
  9. 27 seconds in- trying to trim... chances are, as an entrepreneur about to deliver a new product or service.. "you are going the wrong way" IGNORE FOR NOW
  10. It is SO important to understand the customer and the TRUE need / everything else is based on this knowledge
  11. If it is not true now, when will it be true. What has to change. What are you betting on? Why are you building something now if
  12. If it is not true now, when will it be true. What has to change. What are you betting on? Why are you building something now if
  13. only experiments that lead to truth and predictive reliability can help you eliminate waste
  14. what is your goal - how will you know you have accomplished it - how do you avoid retrospective coherence…
  15. no, test first - experiment first, optimize for learning
  16. Because build it and they will come is a FLAWED strategy. CAN REPLACE WITH CRANES OVERBUILDING IN A CITY ESP IN EUROPE MOVIE REFERENCE DOESNT ALWAYS TRANSLATE
  17. If you have a 3 part plan, if part 1 falls apart part's 2 + 3 are irrelevant.
  18. you have to do your homework
  19. Do the least that gets you to the next step not the most that gets you to the first step
  20. Instead… eliminate waste by running experiments
  21. by running experiments - GO
  22. Used this image instead of cooler ones of tunnels-- since you can actually see something at the other end... maybe it's the wrong thing.
  23. Avoid missing the bigger opportunity-- opportunity cost is HUGE
  24. Get out of your comfort zone -not just the how... get out of your comfort zone for its own sake... coders love to code, designers like to design their way out - sales people like to sell their way out... start with a problem and a customer and you are in good shape.
  25. where to go to
  26. pull dont push- tug of war slide (no selling allowed slide too maybe- or can be it's own)
  27. humans are terrible at predicting the future or saying what they WOULD DO... focus on the past... HAVE YOU, TELL ME ABOUT THE TIME...
  28. pull dont push- tug of war slide (no selling allowed slide too maybe- or can be it's own)
  29. pull dont push- tug of war slide (no selling allowed slide too maybe- or can be it's own)
  30. Designing the RIGHT thing is equal parts learning, vision, experiment, skill and MILKSHAKES
  31. Designing the RIGHT thing is equal parts learning, vision, experiment, skill and MILKSHAKES
  32. only when you get people thorugh your funnel ıs ıt tıme to try and scale
  33. When DESIGNING / running a perfect experiment - think of it this way. How can you prove THE SAME THING with LESS RESOURCES, FASTER. After talking about methods, remember… perfection is X - here is how people actually applied it...
  34. pull dont push- tug of war slide (no selling allowed slide too maybe- or can be it's own) MOVE TO THEORY DEC 101
  35. Do the least that gets you to the next step not the most that gets you to the first step
  36. force yourself to focus on one variable, one use case, one customer