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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."
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.
In a lot of cases, this requires a lot of energy invested in talking to customers or metrics and analytics. ► 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. Bring your questions.
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. Otherwise it's a great idea.
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.
The Lean Startup Wiki (hosted by long-time lean startup pbWorks) contains a number of resources, including links to case studies , meetups, tools , and people who have volunteered to help. Its a wiki, feel free to consume and enhance it. Its a wiki, feel free to consume and enhance it. April 23, 2010 in San Francisco.
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.
► 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. Lean Startup Wiki - including a complete list of local meetups and meetup organizers. Startup Lessons Learned - the Conference (April 23.
► 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. Lean Startup Wiki - including a complete list of local meetups and meetup organizers. Startup Lessons Learned - the Conference (April 23.
Lessons Learned by Eric Ries Tuesday, March 24, 2009 The metrics and levers of engagement, presentation on Engagement Loops for Facebook Developer Garage SF Ill be presenting a talk at the Facebook Developer Garage SF Wednesday evening. Unfortunately, its easy to lose track of positioning effects when optimizing for a single metric.
► 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. Lean Startup Wiki - including a complete list of local meetups and meetup organizers. Startup Lessons Learned - the Conference (April 23.
► 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. Lean Startup Wiki - including a complete list of local meetups and meetup organizers. Startup Lessons Learned - the Conference (April 23.
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?
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. I always assumed I wouldnt manage anybody.
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.
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. Lean Startup Wiki - including a complete list of local meetups and meetup organizers.
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? Lean Startup Wiki - including a complete list of local meetups and meetup organizers.
I used to think that investments in metrics were a form of waste. Customers dont care if you have good metrics, only if you have a good product. The only reason we learned the art of metrics-based decision making at IMVU was out of necessity. that justify decisions already made. I think it was $350 the next, and so on.
► 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. Lean Startup Wiki - including a complete list of local meetups and meetup organizers. Startup Lessons Learned - the Conference (April 23.
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. Lean Startup Wiki - including a complete list of local meetups and meetup organizers. The response was surprisingly positive.
► 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. Lean Startup Wiki - including a complete list of local meetups and meetup organizers. Startup Lessons Learned - the Conference (April 23.
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. Lean Startup Wiki - including a complete list of local meetups and meetup organizers. Startup Lessons Learned - the Conference (April 23.
► 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. Lean Startup Wiki - including a complete list of local meetups and meetup organizers. Startup Lessons Learned - the Conference (April 23.
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.
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 San Francisco.
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. Startup Lessons Learned - the Conference (April 23.
We started with a simple wiki page with a few bullet points of things that new engineers had tripped over recently. ► 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. Bring your questions.
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.
► 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. Lean Startup Wiki - including a complete list of local meetups and meetup organizers. Startup Lessons Learned - the Conference (April 23.
Ash Maurya is the founder of WiredReach , a bootstrapped startup that he has been running for seven years. If youre interested in contributing a case study for publication here, consider getting started by adding it to the Lean Startup Wiki case study section. This case presents a further complication: desktop software.
► 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. Lean Startup Wiki - including a complete list of local meetups and meetup organizers. Startup Lessons Learned - the Conference (April 23.
Today, when I talk to startup founders, the most common answer I get to the question "do you talk to your customers?" ► 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. Bring your questions.
I am grateful to everyone who helped make this event a success, especially my co-organizers Charles Hudson and David Sachs. I am grateful to everyone who helped make this event a success, especially my co-organizers Charles Hudson and David Sachs. Lean Startup Wiki - including a complete list of local meetups and meetup organizers.
Inspiring ideas: real-time biz metrics; safe continuous deployment; A/B split testing. ► 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. Articulate, inspirational. Bring your questions.
For example, over 25% of the technology companies founded between 1995-2005 had a key immigrant founder. Similarly, 24% of all the patents filed in the US in 2006 had a foreign resident as inventor or co-inventor. For example, over 25% of the technology companies founded between 1995-2005 had a key immigrant 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. Why vanity metrics are dangerous What is Lean about the Lean Startup? No departments The Five Whys for Startups (for Harvard Business R.
Growth - when you have existing customers, the pressure is on to grow your key metrics day-in day-out. Some companies and founders refuse to serve existing customers, and are always lurching from one great idea to the next. Lean Startup Wiki - including a complete list of local meetups and meetup organizers.
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. Lean Startup Wiki - including a complete list of local meetups and meetup organizers. Startup Lessons Learned - the Conference (April 23.
At least, not in the traditional sense of trying to squeeze every tenth of a point out of a conversion metric or landing page. Even if it shows improvement in some micro metric, does that invalidate the overall design? That was evident in the metrics and in the in-person usability tests. No one feature is to blame.
► 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. Lean Startup Wiki - including a complete list of local meetups and meetup organizers. Startup Lessons Learned - the Conference (April 23.
► 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. Lean Startup Wiki - including a complete list of local meetups and meetup organizers. Startup Lessons Learned - the Conference (April 23.
Most important slide: about the founders In a pitch meeting, try to spend as much time as possible talking about the key questions for your pitch. ► 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.
► 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. Lean Startup Wiki - including a complete list of local meetups and meetup organizers. Startup Lessons Learned - the Conference (April 23.
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