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I was in New York last week with my class at Columbia University and several events made me realize that the CustomerDevelopment model needs to better describe its fit with web-based businesses. However the CustomerDevelopment Model and the Lean Startup work equally well for startups on the web.
We did three iterations of the product in less than 12 months, each one progressively going off of different consumer metrics that we found and then partner feedback. Filed under: CustomerDevelopment , SiriusXM Radio Show. Ultimately, it didn’t work and we decided we had enough time to maybe do one last iteration.
The VP of Sales and I flew to Providence to convince Andy van Dam at Brown to join our company, or at a minimum lead our advisoryboard. He was my role model at Convergent, mentor at Ardent and partner at E.piphany. On a rainy day in Providence we tracked Andy down just as he was leaving for a trip to Europe.
The Importance of AdvisoryBoards for Startup CEOs Tweet When a startup receives financing it will need to setup a Board of Directors. The Board probably existed beforehand, but was made up only of the founders. Mark Macleod spells it out beautifully in his post on AdvisoryBoards. Why wouldn’t you?
A thought leader in the area of big data analytics, social media, optimization, machine learning, and data mining, he also served as a Venture Advisor focusing on big-data analytics at Trident Capital , and was on the advisoryboard of several startups. . Evangelos Simoudis’ is the founder and managing director of Synapse Partners.
We did three iterations of the product in less than 12 months, each one progressively going off of different consumer metrics that we found and then partner feedback. Filed under: CustomerDevelopment , SiriusXM Radio Show. Ultimately, it didn’t work and we decided we had enough time to maybe do one last iteration.
It was great to watch him embrace the spirit and practice of customerdevelopment. He was constantly in front of customers, listening, selling, installing and learning. I offered that at Epiphany, my partner Ben’s office was the first place I would go when I thought I had new “insights.” And that’s where the problem was.
(However, in some industries such as life sciences, founders may be tenured professors who are not going to give up their faculty positions, so they often become the head of a startup’s scientific advisoryboard, but aren’t part of the founding team.). Filed under: CustomerDevelopment , Family/Career/Culture.
In CustomerDevelopment the goal of a minimum feature set is to pare the features of the first product release to the minimum necessary for early customers. We had put together an advisoryboard, and one of our advisors was the VP of Database Marketing at Schwab. Filed under: CustomerDevelopment , E.piphany.
Do they “get&# CustomerDevelopment ? And some larger funds that specialize in later stage deals may have a partner or two who likes to invest at this stage. Do They Get CustomerDevelopment? Have they heard about CustomerDevelopment ? Is Your VC Founder Friendly? Who do they have as advisors?
Army Signal Corps advisoryboard, and the Army was going to acquire their first computer for research. Hewlett’s partner Dave Packard wanted to get into the computer business.) Terman, who now was the Provost of Stanford, had joined the U.S. No one in the Army Signal Corps knew much about computers. (To
How do you know that the problem is real if you have never talked to the target customer? This is where you build your team, your extended team, your advisoryboard, your board, designers, developers, your partner network and your influence network and more.
Moreover, they can be potential advisoryboard candidates. The idea that a startup builds its product for a small group of initial customers rather than devising a generic mainstream spec is radical. The risk here is lost time and no product for customers to provide feedback against.
Stanford had a CustomerDevelopment loop going on inside their own lab. The discoveries in tube and circuit research suggested new electronic intelligence and countermeasure techniques and systems; in turn the needs of the Applied Lab pushed tube and circuit development.
This is especially useful in situations, like most B2B businesses, where the total number of customers is likely to be small. This case study illustrates one company’s attempt to do customerdevelopment by testing their vision with customers before writing a single line of code. Oh, this is just a Photoshop file?
Reply steveblank , on September 16, 2009 at 7:00 pm said: Greg, The Google Group “Lean Startup Circle&# at [link] is a wonderful repository of CustomerDevelopment/Lean Startup success and failure. It’s more reference material. Thus, these pages. I’ll add more as time goes on. Can we touch base on this.
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