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It’s the antithesis of the Lean Startup. The Rise of the Lean Startup. The idea of the Lean Startup was built on top of the rubble of the 2000 Dot-Com crash. Lean started from the observation that you cannot ask a question that you have no words for. But NewTV doesn’t plan on testing these hypotheses. And it may work.
Today, I want to introduce you to a new concept for starting and growing successful companies: Lean Planning™. Before I dive too deeply into the Lean Planning methodology, it makes sense to talk about its history and where it comes from. Lean Planning is born.
Venture Capitalists on your board developed the expertise to get your firm public as soon as possible using whatever it took including hype, spin, expand, and grab market share because the sooner you got your billion dollar market cap, the sooner the VC firm could sell their shares and distribute their profits. So what’s left?
The Stanford Lean LaunchPad class was an experiment in a new model of teaching startup entrepreneurship. This week they were testing who the customer, user, payer for the product will be (and discovering if they have a multi-sided business model , one with both buyers and sellers.) This post is part four. Syllabus is here.
The Ultimate Combination of Startup Business Development Methods - ArcticStartup , November 16, 2010 I've been a huge fan of Steven Blank's CustomerDevelopment methodology for a long time. In 2008, we couldn’t find a technical co-founder for Yipit. Your First Iteration of an Idea Will Be Wrong. What went wrong?
Last May, I shared the news that long-time Lean Startup advocates Brant Cooper and Patrick Vlaskovits were working on a new book called The Lean Entrepreneur featuring illustrations by FAKEGRIMLOCK. LitMotors approach to using Lean Startup to create a new vehicle category. That new book is about to hit bookstores everywhere.
Lean Startups/Back to Basics (2000-2010): No IPO’s, limited VC cash, lack of confidence and funding fuels “lean startup” era with limited M&A and even less IPO activity. 2001 – 2010: Back to Basics: The Lean Startup. And those customers may be using their devices/apps continuously. The New Exits.
That was 2008. I’ve developed a number of product since for that market and have organized many tens of training seminars. When we launched Traindom, we knew nothing about lean startup methodology or customerdevelopment. In 2008 I had lasik eye surgery and my vision has been perfect ever since.
Lean Startup Book. Lean Startup Book - How Todays Entrenpreneurs Use Continuous Innovation to Create Radically Successfull Businesses. The Lean Startup at SXSW 2012. The Lean Startup Book Tour. The Last Lean Startup Bundle: claim $3,000,000 in. The Lean Startup Book is here. Case Study: Lean UX at work.
Lessons Learned by Eric Ries Saturday, November 8, 2008 What is customerdevelopment? But too often when its time to think about customers, marketing, positioning, or PR, we delegate it to "marketroids" or "suits." Many of us are not accustomed to thinking about markets or customers in a disciplined way.
Lean Planning is a concept that we introduced back in 2012 as an evolution in business planning. We proposed Lean Planning as the next step in business planning. But, where did Lean Planning come from? Here’s a quick history of how we developedLean Planning. See Also: Lean Business Planning with Tim Berry [VIDEO].
Lessons Learned by Eric Ries Monday, September 8, 2008 The lean startup Ive been thinking for some time about a term that could encapsulate trends that are changing the startup landscape. After some trial and error, Ive settled on the Lean Startup. I like the term because of two connotations: Lean in the sense of low-burn.
Lessons Learned by Eric Ries Sunday, September 7, 2008CustomerDevelopment Engineering Yesterday, I had the opportunity to guest lecture again in Steve Blank s entrepreneurship class at the Berkeley-Columbia executive MBA program. Its a nice complement on the product engineering side to his customerdevelopment methodology.
Lessons Learned by Eric Ries Monday, October 20, 2008 The engineering managers lament I was inspired to write The product managers lament while meeting with a startup struggling to figure out what had gone wrong with their product development process. October 20, 2008 9:34 PM Nivi said. October 20, 2008 10:36 PM Nathan said.
I believe it is the best introduction to CustomerDevelopment you can buy. As all of you know, Steve Blank is the progenitor of CustomerDevelopment and author of The Four Steps to the Epiphany. You can imagine how well that worked. Its trying to do way too many things at once. I think theyve succeeded.
Lessons Learned by Eric Ries Wednesday, December 16, 2009 What is Lean about the Lean Startup? The first step in a lean transformation is learning to tell the difference between value-added activities and waste. I was giving my first-ever webcast on the lean startup. This value is evident in Lean Startups.
Lessons Learned by Eric Ries Monday, September 15, 2008 The one line split-test, or how to A/B all the time Split-testing is a core lean startup discipline, and its one of those rare topics that comes up just as often in a technical context as in a business-oriented one when Im talking to startups. Thanks for writing this article.
Lessons Learned by Eric Ries Monday, March 16, 2009 Combining agile development with customerdevelopment Today I read an excellent blog post that I just had to share. In most agile development systems, there is a notion of the "product backlog" a prioritized list of what software is most valuable to be developed next.
Lessons Learned by Eric Ries Thursday, November 13, 2008 Five Whys Taiichi Ohno was one of the inventors of the Toyota Production System. November 13, 2008 8:59 PM eisrael said. November 14, 2008 3:19 AM Hitchens said. November 14, 2008 4:41 PM Eric said. November 14, 2008 5:00 PM Tony said. Good stuff.
Lessons Learned by Eric Ries Friday, November 7, 2008 Using AdWords to assess demand for your new online service, step-by-step If you want to build an online service, and you dont test it with a fake AdWords campaign ahead of time, youre crazy. If you cant find any , maybe that means you havent figured out who your customer is yet.
Lessons Learned by Eric Ries Tuesday, September 30, 2008 What does a startup CTO actually do? Platform selection and technical design - if your business strategy is to create a low-burn, highly iterative lean startup, youd better be using foundational tools that make that easy rather than hard. October 1, 2008 2:13 AM archenland said.
I hope to show why lean and agile techniques actually reduce the negative impacts of technical debt and increase our ability to take advantage of its positive effects. Lean vs. debt In the world of physical goods, the leaner a supply chain is, the less debt is required to operate it. A similar relationship applies to technical debt.
Lessons Learned by Eric Ries Saturday, November 29, 2008 The ABCDEFs of conducting a technical interview I am incredibly proud of the people I have hired over the course of my career. December 2, 2008 8:53 AM Lisa said. December 2, 2008 10:47 AM William Pietri said. December 2, 2008 10:56 AM Ryan said. Fantastic post.
I hadn’t really thought of it that way before, but there’s a certain comfort in thinking about having a team of people you can lean on for advice, help, questions, support, etc. As leader of your company, the advisors are there to provide you with a personal, confidential, trusted sounding board.&# Why wouldn’t you?
Lessons Learned by Eric Ries Saturday, October 4, 2008 About the author ( Update January, 2010: This post originally dates from October, 2008 back when I first started writing this blog. Maybe youd like to start with The lean startup , How to listen to customers , or What does a startup CTO actually do? ) Thanks much.
Of all the tactics I have advocated as part of the lean startup , none has provoked as many extreme reactions as continuous deployment , a process that allows companies to release software in minutes instead of days, weeks, or months. The Entrepreneur’s Guide to CustomerDevelopment ► June (3) What is a startup?
One of the most common questions I get about the lean startup methodology is, "but what about Steve Jobs ?" When I try to unpack what people mean by the question, heres my best take on what they are asking: "Look, Steve Jobs doesnt go out and ask customers what they want. He tells customers what they want, and he gets it right.
Lessons Learned by Eric Ries Sunday, October 5, 2008 The product managers lament Life is not easy when youre working in an old-fashioned waterfall development process, no matter what role you play. October 6, 2008 12:16 AM Vincent van Wylick said. October 6, 2008 12:17 AM r& said. Nice write-up. Interesting read.
kaChing has been very active in the Lean Startup movement. With case studies like this, we aim to illustrate specific Lean Startup techniques through the stories of current practitioners. kaChing launched a virtual portfolio management game on Facebook in January 2008 and a similar version shortly thereafter on kaChing.com.
Muda” and the seven wastes of lean processes, part of the waste reduction methodology made famous by Toyota, is a helpful framework, but even it falls short of what is possible. For years we struggled with ways to help our clients improve their B2B customer tours. Only two Harvard Business Review articles have ever addressed it.
Lessons Learned by Eric Ries Thursday, July 2, 2009 How to conduct a Five Whys root cause analysis In the lean startup workshops , we’ve spent a lot of time discussing the technique of Five Whys. My intention is to describe a full working process, similar to what I’ve seen at IMVU and other lean startups. Expo SF (May. .
I already advocate cross-functional teams as part of the lean startup methodology. Last year, I traveled to dozens of cities talking about lean startups and meeting people interested in entrepreneurship. I already advocate cross-functional teams as part of the lean startup methodology. None of these are impossible.
Lessons Learned by Eric Ries Monday, June 22, 2009 Pivot, dont jump to a new vision In a lean startup , instead of being organized around traditional functional departments, we use a cross-functional problem team and solution team. Each has its own iterative process: customerdevelopment and agile development respectively.
Lean manufacturing , agile software development , and Theory of Constraints are all examples of this idea in action. I won’t apologize for this aspect of the Lean Startup methodology. Lean manufacturing , agile software development , and Theory of Constraints are all examples of this idea in action.
Lessons Learned by Eric Ries Monday, January 19, 2009 Lean hiring tips In preparing for the strategy series panel this week, I have been doing some thinking about costs. Fundamentally, lean startups do more with less, because they systematically find and eliminate waste that slows down value creation. Another terrific post, Eric.
Lets start holding people accountable solely for their contribution to the only thing that matters: validated learning about customers. The Entrepreneur’s Guide to CustomerDevelopment ▼ June (3) What is a startup? The Lean Startup Intensive is tomorrow at Web 2.0. Expo SF (May. . Expo SF (May.
Lessons Learned by Eric Ries Tuesday, January 12, 2010 Amazing lean startup resources A year ago, there was no lean startup movement. I continue to believe that the explosion of interest in the lean startup has very little to do with me. If you are attempting to apply lean startup ideas in your own business - you are not alone.
Lessons Learned by Eric Ries Monday, September 22, 2008 The three drivers of growth for your business model. Master of 500 Hats: Startup Metrics for Pirates (SeedCamp 2008, London) This presentation should be required reading for anyone creating a startup with an online service component. Choose one. Expo SF (May. . Expo SF (May.
Lessons Learned by Eric Ries Wednesday, September 10, 2008 A new version of the Joel Test (draft) (This article is a draft - your comments are especially welcome as I think through these issues. Just like in lean manufacturing, its generally more efficient to drive down the batch size. The Lean Startup Intensive is tomorrow at Web 2.0.
Lessons Learned by Eric Ries Tuesday, November 4, 2008 Principles of Lean Startups, presentation for Maples Investments Image via Wikipedia Steve Blank and I had the opportunity to create a presentation about lean startups for Maples Investments. Customerdevelopment. you get the idea. you get the idea.
Lessons Learned by Eric Ries Monday, July 13, 2009 The Principles of Product Development Flow If youve ever wondered why agile or leandevelopment techniques work, The Principles of Product Development Flow: Second Generation Lean Product Development by Donald G. Reinertsen is the book for you.
Lessons Learned by Eric Ries Wednesday, April 7, 2010 Learning is better than optimization (the local maximum problem) Lean startups don’t optimize. Instead, we try to accelerate with respect to validated learning about customers. and for which customer? That’s the local maximum. That’s right.
I owe it originally to lean manufacturing books like Lean Thinking and Toyota Production System. The batch size is the unit at which work-products move between stages in a development process. The Entrepreneur’s Guide to CustomerDevelopment ► June (3) What is a startup? Expo SF (May. . Expo SF (May.
Lessons Learned by Eric Ries Monday, August 3, 2009 Minimum Viable Product: a guide One of the most important lean startup techniques is called the minimum viable product. I was delighted to be asked to give a brief talk about the MVP at the inaugural meetup of the lean startup circle here in San Francisco. Thanks Eric. Expo SF (May.
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