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by Zain Jaffer, serial entrepreneur and the Founder and CEO of Zain Ventures. sales to productdevelopment), the problems will continue to exist. As the previous Co-Founder and CEO of Vungle, Zain secured $25 million in funding and was an instrumental player in the major growth of the company.
There’s been a lot written about the individual characteristics of what makes a great founder , but a lot less about what makes a great founding team and how that’s different from a great founding CEO. In doing so we’ve failed to help founders understand what it takes to build a great founding team. Founders – the idea.
What I saw reminded me of some of the best and worst things I did as a founder. We’re building the wrong product!” Some of the engineers figuring if the founder was declaring they were toast in 90 days were updating their resumes. But like all great founders some of these insights are simply hallucinations.
I firmly believe that in this age where the productdevelopment life-cycle is so short and user feedback comes so quickly, you will know within a year whether you are focusing on a worthwhile one thing. Have amazing co-founders who are better at what they do than you could ever be. I’m a deeply emotional person.
Lessons Learned by Eric Ries Monday, October 26, 2009 A real Customer AdvisoryBoard A reader recently asked on a previous post about the technique of having customers periodically produce a “state of the company&# progress report. Many companies seek to involve customers directly in the creation of their products.
Customer discovery turns founders’ initial hypotheses about their market and customers into facts. These visionary customers will give the company the feedback necessary to add features to the product over time. Enthusiasts who spread the good news about your product to friends, family or co-workers are often called evangelists.
When raising pre-seed capital from friends, family, and founders (FFF) you’ll want to consider the milestones that Angel investors care about and be sure to raise enough capital to reach those milestones. ProductDevelopment. Founding Team, Key Hires, AdvisoryBoard.
The use of your initial friends, family, and founders (FFF) capital should be directed towards achieving the milestones that will attract seed or angel investors (likewise, the use of your seed funding should be directed towards achieving the milestones that will attract Series A investors). Founding Team, Key Hires, AdvisoryBoard.
Startups especially can benefit by using technical debt to experiment, invest in process, and increase their productdevelopment leverage. The biggest source of waste in new productdevelopment is building something that nobody wants. Leverage productdevelopment with open source and third parties.
He previously co-founded and served as Chief Technology Officer of IMVU. He serves on the advisoryboard of a number of technology startups, and has worked as a consultant to a number of startups, companies, and venture capital firms. While an undergraduate at Yale Unviersity, he co-founded Catalyst Recruiting.
Some startups fail because the founders cant have this conversation - they either blow up when they try, or they fail to change because they are afraid of conflict. Although I wish I could take credit for these pivots, the reality is that they were not caused by my singular insight or that of my other co-founders.
► August (2) SXSW Case Study: SlideShare goes freemium ► July (4) Case Study: kaChing, Anatomy of a Pivot Some IPO speculation Founder personalities and the “first-class man&# th. The Entrepreneur’s Guide to Customer Development ► June (3) What is a startup? Take a look and let me know what you think.
Most of the people building our product werent themselves target customers. So there was simply no substitute for seeing actual customers with the product, live. Today, when I talk to startup founders, the most common answer I get to the question "do you talk to your customers?" Establish a customer advisoryboard.
If youre interested in being part of my "customer advisoryboard" for this presentation, please get in touch. Eric, if youre looking for any help as a "customer advisoryboard", Id love to do anything I can to help. Hey Someone else who is extending the agile/lean approach beyond just developing software.
.” Hackernews list of “Tools of the Trade” for startups - includes over 150 SaaS tools used by startups, and over 150 comments with interesting insights from founders. Simple online team or personal kanban board. Great for visualizing work of productdevelopment. Founder Equity Issues. Acunote â??
It isnt until a customer actually clicks or calls to place an order that TPGTEXs developers will build the software. "We We do not develop a product until we get a paying customer," says Orit Pennington , who co-founded the six-employee company with her husband in 2002. Read the rest. Read the rest.
pbWorks (formerly pbWiki) was one of the first companies that ever invited me to join their advisoryboard. pbWorks (formerly pbWiki) was one of the first companies that ever invited me to join their advisoryboard. The Entrepreneur’s Guide to Customer Development ► June (3) What is a startup?
Rich Collins , founder of the Lean Startup Circle , responded to the poster with some Q&A. Rich Collins , founder of the Lean Startup Circle , responded to the poster with some Q&A. The Entrepreneur’s Guide to Customer Development ► June (3) What is a startup? Take a look and let me know what you think.
Why was a team this smart, this disciplined, and this committed to waste-free productdevelopment creating so much waste? Labels: split-test Innovation inside the box I was recently privy to a product prioritization meeting in a relatively large company. More importantly, the experience led to some soul-searching.
► August (2) SXSW Case Study: SlideShare goes freemium ► July (4) Case Study: kaChing, Anatomy of a Pivot Some IPO speculation Founder personalities and the “first-class man&# th. The Entrepreneur’s Guide to Customer Development ► June (3) What is a startup? Take a look and let me know what you think.
AgileZen – project management visually see and interact with your work Kanbanery – Simple online team or personal kanban board LeanKit Kanban – Great for visualizing work of productdevelopment Kanban Pad – “Nice and lean” and free online Kanban tool Banana Scrum – A tool simple as Scrum itself.
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