Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.
Speaker	  Series	  RUNNING	  LEAN	  
Lean St         artupLean A      nalytic              s                   h3p://www.flickr.com/photos/gianpierre_soto/55058...
A BIT ABOUT ME•  SERIAL ENTREPRENEUR•  MENTOR & ADVISOR•  BIG BELIEVER IN LEAN…
Running LeanPowers the Best Startups
The Seven Myths ofLean Startups
#1: Lean means cheapSure it’s cheaper to start companies but it still costs money to scale them.   The lesson is simply th...
#2: Lean means small  You need a Big Vision to Win. DREAM BIG!
#3: Lean means, well…crappyAn MVP is meant to be a minimalistic version of your product, but it also has to be viable.
#4: Pivot is a Bad WordThe future is a road paved with changes ahead.
Don’t be afraid to PivotListen to what you’re the market is telling you.
A ClassicPivotMoney transfer via a PalmPilot. Sounds crazy, right?
Eventually became PayPalIn October 2002, PayPal was acquired by eBay for $1.5-Billion
h3p://www.smallbiztechnology.com/archive/2012/07/learning-­‐from-­‐failure.html/	  
#5: Lean is only for consumer startups Lean Startup has gained most of its adoption amongst consumer startups, but it appl...
#6: Lean means easy                                                              Startups are hard. Lean simply helps miti...
h3p://www.flickr.com/photos/laNtudes/66424863/sizes/l/	  #7: Lean means instant successYou can’t walk through the process a...
The Seven Myths ofLean Startups#1: Lean doesn’t mean cheap#2: Lean doesn’t mean small#3: Lean doesn’t mean crappy#4: Don’t...
Lean does mean makinginformed decisions.
For most startups, leanmeans measuring:1.  Acquisition2.  Activation3.  Retention4.  Referral5.  Revenue
Not listening to what the metrics are telling you   can spell disaster.
Know When to PivotLack Revenue| High Churn| Poor Conversions
Know When to ScaleAdoption | Conversions| Market Share                                        h3p://www.flickr.com/photos/l...
Lean means stop guessingFinding that one metric that tracks your progress towards a goal.
Balancing ActMost successful entrepreneurs have a good balance of execution intuition and luck.                           ...
Most startups fail because the founders give up                                           h3p://www.flickr.com/photos/kcnic...
Hard Work Pays Off…So Don’t Give Up!
Recommended ReadingLean Startup | Lean Analytics | Running Lean
Contact Me:    E-Mail: jthompson@about.me     Twitter: @thomjeff    Some	  of	  the	  photographs	  in	  this	  presentaNo...
Upcoming SlideShare
Loading in …5
×

Lean Startup & Analytics

806 views

Published on

Talk on lean startup and l

  • Be the first to comment

  • Be the first to like this

Lean Startup & Analytics

  1. 1. Speaker  Series  RUNNING  LEAN  
  2. 2. Lean St artupLean A nalytic s h3p://www.flickr.com/photos/gianpierre_soto/5505817770/sizes/l/in/photostream/  
  3. 3. A BIT ABOUT ME•  SERIAL ENTREPRENEUR•  MENTOR & ADVISOR•  BIG BELIEVER IN LEAN…
  4. 4. Running LeanPowers the Best Startups
  5. 5. The Seven Myths ofLean Startups
  6. 6. #1: Lean means cheapSure it’s cheaper to start companies but it still costs money to scale them. The lesson is simply this: know when to hack and know when to scale.
  7. 7. #2: Lean means small You need a Big Vision to Win. DREAM BIG!
  8. 8. #3: Lean means, well…crappyAn MVP is meant to be a minimalistic version of your product, but it also has to be viable.
  9. 9. #4: Pivot is a Bad WordThe future is a road paved with changes ahead.
  10. 10. Don’t be afraid to PivotListen to what you’re the market is telling you.
  11. 11. A ClassicPivotMoney transfer via a PalmPilot. Sounds crazy, right?
  12. 12. Eventually became PayPalIn October 2002, PayPal was acquired by eBay for $1.5-Billion
  13. 13. h3p://www.smallbiztechnology.com/archive/2012/07/learning-­‐from-­‐failure.html/  
  14. 14. #5: Lean is only for consumer startups Lean Startup has gained most of its adoption amongst consumer startups, but it applies across the board.
  15. 15. #6: Lean means easy Startups are hard. Lean simply helps mitigate risk and clear the path a bit more, but it’s not easy. h3p://www.flickr.com/photos/sabaNzer/6360925767/sizes/l/  
  16. 16. h3p://www.flickr.com/photos/laNtudes/66424863/sizes/l/  #7: Lean means instant successYou can’t walk through the process and expect to win. It takes guts, luck, brains and much, more more.
  17. 17. The Seven Myths ofLean Startups#1: Lean doesn’t mean cheap#2: Lean doesn’t mean small#3: Lean doesn’t mean crappy#4: Don’t be afraid to pivot#5: Lean isn’t only for consumer startups#6: Lean doesn’t mean easy#7: Lean doesn’t mean instant success
  18. 18. Lean does mean makinginformed decisions.
  19. 19. For most startups, leanmeans measuring:1.  Acquisition2.  Activation3.  Retention4.  Referral5.  Revenue
  20. 20. Not listening to what the metrics are telling you can spell disaster.
  21. 21. Know When to PivotLack Revenue| High Churn| Poor Conversions
  22. 22. Know When to ScaleAdoption | Conversions| Market Share h3p://www.flickr.com/photos/lanier67/4047779644/sizes/l/in/photostream/  
  23. 23. Lean means stop guessingFinding that one metric that tracks your progress towards a goal.
  24. 24. Balancing ActMost successful entrepreneurs have a good balance of execution intuition and luck.  h3p://www.flickr.com/photos/classblog/5136926303/sizes/l/in/photostream/  
  25. 25. Most startups fail because the founders give up  h3p://www.flickr.com/photos/kcnickerson/1008563510/  
  26. 26. Hard Work Pays Off…So Don’t Give Up!
  27. 27. Recommended ReadingLean Startup | Lean Analytics | Running Lean
  28. 28. Contact Me: E-Mail: jthompson@about.me Twitter: @thomjeff Some  of  the  photographs  in  this  presentaNon  were  retrieved  from  Flickr  and  made  available  under  a  CreaNve  Commons  license.  Please  refer  to  each  photograph  for  a  link  to  the  image  source.  

×