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Lessons Learned by Eric Ries Wednesday, December 23, 2009 Why vanity metrics are dangerous In a previous post, I defined two kinds of metrics: vanity metrics and actionable metrics. In this post, Id like to talk about the perils of vanity metrics. My personal favorite vanity metrics is "hits."
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 SanFrancisco. In a lot of cases, this requires a lot of energy invested in talking to customers or metrics and analytics. April 23, 2010 in SanFrancisco. But I wanted to say a few words first.
He previously co-founded and served as Chief Technology Officer of IMVU. He is the co-author of several books including The Black Art of Java Game Programming (Waite Group Press, 1996). While an undergraduate at Yale Unviersity, he co-founded Catalyst Recruiting. October 13, 2008 6:47 PM Luke G said. Eric, love the blog.
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. He also has a discussion of how your choice of business model determines which of these metric areas you want to focus on. Choose one.
Mark Montgomery Founder Kyield Initium VC September 12, 2009 4:21 AM Mark Montgomery said. ► 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. April 23, 2010 in SanFrancisco.
Focus on the output metrics of that part of the product, and you make the problem a lot more clear. To promote this metrics discipline, we would present the full funnel to our board (and advisers) at the end of every development cycle. Max Levchin of Slide and Paypal has noted that 10% of Slides headcount is devoted to metrics only.
► 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. April 23, 2010 in SanFrancisco. The visionary’s lament The Superbowl ad test Lo, my 57692 subscribers, who are you?
► 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. April 23, 2010 in SanFrancisco. The visionary’s lament The Superbowl ad test Lo, my 57692 subscribers, who are you?
So what does CTO mean, besides just "technical founder who really cant manage anyone?" ► 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. April 23, 2010 in SanFrancisco.
Instead, we do everything possible to validate the founders belief. Most people cant sustain more than a few of these iterations, and the founders rarely get to be involved in the later tries. In order to do this, we have our customer development team work hard to find a market, any market, for the product as currently specified.
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.
Because five whys kept turning up a few key metrics that were hard to set static thresholds for, we even had a dynamic prediction algorithm that would make forecasts based on past data, and fire alerts if the metric ever went out of its normal bounds. April 23, 2010 in SanFrancisco. Bring your questions.
Its to everyones advantage to let the world think the founders thought of everything. I say this as a founder: the contribution of founders is always overestimated. The danger here is that new founders, looking at existing founders, will think that theyre supermen that one couldnt possibly equal oneself.
► 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. April 23, 2010 in SanFrancisco. The visionary’s lament The Superbowl ad test Lo, my 57692 subscribers, who are you?
► 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. April 23, 2010 in SanFrancisco. The visionary’s lament The Superbowl ad test Lo, my 57692 subscribers, who are you?
Andy Mathieson, a founder and managing member at Fairview Capital , was particularly supportive. Andy Mathieson, a founder and managing member at Fairview Capital , was particularly supportive. April 23, 2010 in SanFrancisco. The response was surprisingly positive. The response was surprisingly positive.
Aside from needing to be conveniently located for your employees to get to (and potential clients to visit for meetings), Ori Goshen, co-founder and vice president of research and development at Tawkon , says staying close to good bars and restaurant options also give employees a sense of life outside the work space.
► 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. April 23, 2010 in SanFrancisco. The visionary’s lament The Superbowl ad test Lo, my 57692 subscribers, who are you?
► 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. April 23, 2010 in SanFrancisco. The visionary’s lament The Superbowl ad test Lo, my 57692 subscribers, who are you?
I believe this is one reason why the myth of the dictatorial startup founder has such enduring appeal. Its easier to believe in a glorious future when you have only zeroes, for everyone: founders, investors, and employees. No vanity metrics should be looked at. No vanity metrics should be looked at.
For startups that are tempted to mimic this behavior, I suggest reading the great account of the early Apple in Founders at Work.) ► 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.
I had really debated about whether there was any value in spending the time and money to fly to SanFrancisco when there was a perfectly serviceable simulcast going on in Cleveland. I am grateful to everyone who helped make this event a success, especially my co-organizers Charles Hudson and David Sachs.
► 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. April 23, 2010 in SanFrancisco. The visionary’s lament The Superbowl ad test Lo, my 57692 subscribers, who are you?
The first version of the 3D IMVU client took about six months to build, and as the founders iterated towards a compelling user experience, the user base grew monthly thereafter. April 23, 2010 in SanFrancisco. The visionary’s lament The Superbowl ad test Lo, my 57692 subscribers, who are you? Bring your questions.
As start-ups scale, this agility will be lost unless the founders maintain a consistent investment in that discipline. Two Ways to Hold Entrepreneurs Accountable Beware of Vanity Metrics For Startups, How Much Process Is Too Much? Techniques from lean manufacturing can be part of a startups innovation culture. Speed up or slow down?
I was wondering if you could expand on finding a technical co-founder. ► 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. April 23, 2010 in SanFrancisco.
Two Ways to Hold Entrepreneurs Accountable Beware of Vanity Metrics For Startups, How Much Process Is Too Much? Two Ways to Hold Entrepreneurs Accountable Beware of Vanity Metrics For Startups, How Much Process Is Too Much? April 23, 2010 in SanFrancisco. Labels: product development Speed up or slow down?
► 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. April 23, 2010 in SanFrancisco. The visionary’s lament The Superbowl ad test Lo, my 57692 subscribers, who are you?
I have personally sold many copies of his book, and continue to recommend it as one of the most important books a startup founder can read. I have personally sold many copies of his book, and continue to recommend it as one of the most important books a startup founder can read. April 23, 2010 in SanFrancisco.
In order to give people the data they need to apply the strategy, we were very open with our company metrics, making all reports generally available and easy to run. When you think a certain feature will give a 50% boost to a given metric, and it only eeks out a 5% boost, you cant spin that as failure. March 9, 2009 8:35 AM Eric said.
► 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. April 23, 2010 in SanFrancisco. The visionary’s lament The Superbowl ad test Lo, my 57692 subscribers, who are you?
One last suggestion, which is a technique I learned from my IMVU co-founder Will Harvey. One last suggestion, which is a technique I learned from my IMVU co-founder Will Harvey. April 23, 2010 in SanFrancisco. The visionary’s lament The Superbowl ad test Lo, my 57692 subscribers, who are you?
It should be even more important to the founders themselves, because it demonstrates that their business hypothesis is grounded in reality. Every board meeting, the metrics of success change. These founders have not managed, to borrow a phrase from Steve Blank , to create a scalable and repeatable sales process.
► 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. April 23, 2010 in SanFrancisco. The visionary’s lament The Superbowl ad test Lo, my 57692 subscribers, who are you?
► 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. Why vanity metrics are dangerous What is Lean about the Lean Startup? April 23, 2010 in SanFrancisco. Bring your questions.
Thats why I prefer to think of them as two co-equals: the problem team and the solution team. ► 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. April 23, 2010 in SanFrancisco.
► 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. April 23, 2010 in SanFrancisco. The visionary’s lament The Superbowl ad test Lo, my 57692 subscribers, who are you?
dalelarson : "Metrics are people, too." leanstartup ericnsantos : #w2e #leanstartup Metrics should be Actionable, Accessible and Auditable. Metrics are a key questions startups face. Metrics are people too" is a reminder I constantly needed when I was a manager. ericries s talk on Lean Startups absolutely fantastic.
► 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. April 23, 2010 in SanFrancisco. The visionary’s lament The Superbowl ad test Lo, my 57692 subscribers, who are you?
They are leaders, visionaries, founders and managers having tremendous success. They are leaders, visionaries, founders and managers having tremendous success. Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev.
► 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. April 23, 2010 in SanFrancisco. The visionary’s lament The Superbowl ad test Lo, my 57692 subscribers, who are you?
Lessons Learned by Eric Ries Friday, July 9, 2010 Founder personalities and the “first-class man&# theory of management At any given time, something like four percent of the US population is engaged in some form of new-company-creation. Are we solving the right problem? We can do better by focusing on process instead of personality.
Under the relatively fresh ‘TNW Profile’ banner, we regularly shine a light on great European entrepreneurs and startup founders, to learn more about their journey and their business, and what drives them personally. These are the “metrics” you should live by. Are there men-only lists? Would that be considered ok?).
Rich also organized the first Lean Startup Meetup right here in SanFrancisco. Rich also organized the first Lean Startup Meetup right here in SanFrancisco. April 23, 2010 in SanFrancisco. The SF Meetup now has over five hundred members, and has spawned many other meetup events. Bring your questions.
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