Lean Startup Experiments are the means to generate the currency of Entrepreneurship - learning. In this workshop, first presented at Live The Dream, we take you through how to identify the next experiment, write it up, retrospect and record it. Borrows from work by Ash Maurya, Eric Reis and more.

1. Experiments = Startup Momentum
Sam Rye - Lifehack & Enspiral
@samrye_enspiral

2. Why
Run Experiments?

3. Experiments
… are where the action’s at.
They are entrepreneurial currency.
Experiments give you (in)validated learnings;
de-risk your business model, drive internal
culture, and provide evidence to yourself and
investors that you have the rigour to succeed.

4. Experiments
… in short experiments save you time,
energy and money.
They teach you things quickly so you don’t
waste your life building something no one
wants or something no one will buy.

5. Today
1. Context (5 mins)
2. Team & Group Reflection (30 mins)
3. Define Learning Goals (10 mins)
4. Tips For Great Experiments (15 mins)
5. Write Your Own Experiment (45 mins)
6. Retrospecting & Momentum (20 mins)

6. Context

7. Lean Experiment Loop
BUILDLEARN
MEASURE
PROTOTYPE
/ MVP
DATA /
STORIES
PROBLEMS /
IDEAS

8. Context
TODAY’S FOCUS

9. Looking Within
team reflection

10. Team Reflection
What is one recent achievement your team
is most proud of?
What is one current challenge that you are
experiencing as a team? What do you need
to let go of, and what do you need to learn?
Talk in pairs, then we’ll share back to the group.
Listen carefully - we’ll team up with others soon.

11. Reframing Your Challenge
group reflection

12. Group Reflection
Team up with another group.
Team 1: Repeat your challenge.
Team 2: Without trying to solve their problem, take
some time to share what images, metaphors and
feelings come up for you that capture the essence of
what you heard.
Team 1: Seeing yourselves from the outside, what
resonated with you? What questions and reflections
come up for you now?

13. Group Reflection
Swap.
Team 2: Repeat your challenge.
Team 1: Without trying to solve their problem, take
some time to share what images, metaphors and
feelings come up for you that capture the essence of
what you heard from the.
Team 2: Seeing yourselves from the outside, what
resonated with you? What questions and reflections
come up for you now?

14. Ensuring Focus & Intention
defining a learning goal

15. Focus & Intention
Pause to reflect. Think about what you just heard.
Now, what is the real challenge that you need to solve
in the next 10 days to move your venture forward?
Is it internal or external?
Is it business model or product?
Is it to do with your user or customer?
If you could learn one thing in the next 10 days,
what would it be?

16. This is your learning goal
share it in one sentence with the group
write it down, we’ll be using it in a moment

17. Pitfalls & Possibilities
tips for great experiments

18. Pitfalls and possibilities
Experiments are additive not standalone
● Experiments aren’t standalone.
● Don’t expect to de-risk your business model in one go.
● Incrementally mitigate risks through a series of small
experiments.
● Evolve complexity on top of simplicity.

19. Pitfalls and possibilities
Experiments are additive not standalone
Example:
● First experiment might be to do a customer survey +
gain an insight into your value proposition.
● Second experiment might be to write one page of
marketing copy + get customer reactions.
● Third experiment might be to create a landing page for
your service with a sign up form.
● Fourth experiment might be to print flyers, deliver them
to customers + have a pre-order page online.

20. Pitfalls and possibilities
Every experiment needs to be falsifiable and
time-boxed
● Experiments need to be falsifiable (written as
statements that can be clearly proven wrong) in order
to clearly declare them validated or invalidated.
● Outside of the accelerator, time is the scarcest resource
in a startup.
● You’re more likely to fail because you run out of money,
than because your idea sucks.

21. Pitfalls and possibilities
Every experiment needs to be falsifiable and
time-boxed
Example:
● If I write a blog, I will get > 20 new signups to my email
newsletter in 5 days.

22. Pitfalls and possibilities
Breakthrough insights are usually hidden
within failed experiments
● “There is no such thing as a failed experiment, only
experiments with unexpected outcomes.” -
Buckminster Fuller
● Learning reflection is absolutely vital to entrepreneurial
process.

23. Pitfalls and possibilities
Breakthrough insights are usually hidden
within failed experiments
Example:
● At Lifehack, we experimented with advertising our
event in a local paper on the West Coast. We had one
response to the ad who wasn’t our target audience.
● We learnt that using existing networks, word of mouth
& posters were more powerful for our audience than
advertising in local press for the Coast.

24. Pitfalls and possibilities
Use a standard format to capture learnings
● Crystalise and visualizing your thinking, share with
teams & advisors.
● Cuts out the noise. Archive the learning.
● Playback experiments through these reports -
communicate learning to new team members &
advisors, helps demonstrate rigour to investors.
● Keep up the momentum.

25. Pitfalls and possibilities
Use a standard format to capture learnings
● Example:
● Lean Stack have a good one - https://leanstack.
com/products
● Value Proposition Design - http://blog.strategyzer.
com/posts/2014/9/29/value-proposition-design

26. Build | Measure | Learn
write your own experiment

27. Experiment Report

28. Background:
What are you trying to achieve or learn?
[insert learning goal here]
Experiment Report

29. Falsifiable Hypotheses:
Moving from “leap of faith” to “falsifiable”
e.g. “Being known as an expert will drive early
adopters”
to
“Blog post will drive > 100 sign ups”
Read more from Ash Maurya at: http://practicetrumpstheory.com/how-to-identify-a-lean-
startup/
Experiment Report

30. Falsifiable Hypotheses:
I believe [target market] will [do this action / use this
solution] for [this reason].
Write it down.
Get more granular. Which segment of the target
market?
Can you measure each part of this statement? Can
you validate or invalidate it?
Experiment Report

31. Experiment Details:
How will you set up your experiment to achieve your
learning goal?
Keep it simple, but don’t be afraid to be creative.
Can you learn about a “digital product” through an
analog experience; think 3D prototypes.
What will you record? How will you record it?
Experiment Report

32. Build | Measure | Learn
building momentum & complexity
with experiment retrospectives

33. Results:
The hard data & the stories.
Learnings:
What did you learn from the outcomes, as well as the
process?
Next Experiment:
What is the next step? Run again with tweaks? Run
something completely different? What do this mean?
Experiment Reflection

34. After Reflecting:
Make sure you update your value proposition canvas,
your experiment board, and if you’ve de-risked
something major - your lean canvas.
Schedule time with your team/advisors to do this
process EVERY WEEK
Save the experiment sheet:
Set up a google drive for photos or documents.
Share with your team in Slack.
Experiment Reflection

35. Build | Measure | Learn
this is where you build momentum,
learning is the currency of entrepreneurship

36. Reflections on today
What did you learn today? What will you be
taking away?
What will you change about what you have
been doing?
How could we do this workshop differently or
better?

37. Thanks!
@samrye_enspiral
@lifehackhq