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Lessons Learned by Eric Ries Sunday, April 26, 2009 Productdevelopment leverage Leverage has once again become a dirty word in the world of finance, and rightly so. But I want to talk about a different kind of leverage, the kind that you can get in productdevelopment. Its a key lean startup concept. Yeah, weve got that.
It may be hard to remember that there was a time when people in the agile software developmentcommunity thought Lean Startup was incompatible with agile practices. No BS, no vanity metrics, no launches, no PR. If you’re still kicking yourself for missing him last year, do yourself a favor and don’t make the same mistake again.
Fueling Your Growth With Facebook Groups And Communities written by John Jantsch read more at Duct Tape Marketing. John is the VP of Community & Impact Partnerships at Facebook. He was part of the management team that was instrumental in launching NYTimes.com’s first digital paid product and the acquisition of About.com.
Product Hunt is a community-based website that allows makers and marketers to launch their products or services and get in touch with their first real users. The community can jump start products through votes and (honest) reviews, which are essential in the early stages of campaigns. Do you want 10,000 new users?
Today, brands are hiring social media specialists for customer support, crowdsourced productdevelopment, promotions and even leads generation. Internal resistance, non-standardized metrics, multiple (and confusing) platforms and lack of resources prove great obstacles to planning.
Ive written a little bit about the origins of Silicon Valley because I think its important for us to understand how we got here in order to make sure we preserve what is best about our community. The companies I spoke to all agreed that the community there was extremely supportive, especially in the critical ulta-early-stage.
From Prototype to Community: Forrst Founder Kyle Bragger Shares His Startup Journey – [link]. Why marketer misuse of metrics may be an addressable cultural issue – [link]. Amazon’s Approach to ProductDevelopment – [link]. Startup Failures: Five Ways To Crash Your Startup, Which Will You Pick?
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. It worked incredibly well for us.
The investors, founders, and “community” are all super excited about ASC. ASC starts building product, but as they get into the thick of it, the team realizes executing on their vision is going to be extremely hard. No updates, screen comps, or metrics have been publicly shared yet. Heads down on product, they say.
I love being an entrepreneur , because I have the ability to impact my community and create change. Through our various community outreach events , volunteering, and mentorship we are able to make a difference in the girls' lives that we work with. It has been a blessing serving my community and has helped make me a better person.
Six weeks ago, we kicked off a new series where we profile an awesome operator in our network to learn about his/her work and contributions to his/her organization and community at large. With that said, I thought it would be great to share Sin-Mei’s insight and wisdom with our blog community. Value to customers.
Despite all the energy invested in talking to authors about the size of their platform, very few gatekeepers have a rigorous set of metrics for measuring it. When I reviewed a recent productdevelopment book, it immediately shot up to Amazon sales rank 300. My blog has over 14000 subscribers, for example. Is that a lot?
Lessons Learned by Eric Ries Monday, June 8, 2009 Datablindness Most of us are swimming in a sea of data about our products, companies, and teams. That’s because many of our reports feed us vanity metrics: numbers that make us look good but don’t really help make decisions. Too much of this data is non- actionable.
Don’t fall for every vanity metric out there. You need a good balance between growing your community , but also keeping it engaged. You can spend your energy towards client acquisition, collaboration, and productdevelopment. Take away resources hogging money and producing no results. Remember your time = cost.
And passionate players are often the backbone of game communities – especially online. A great product enables customers, developers, partners, and even competitors to exchange their unique currencies in combinations that lead to financial success for the company that organizes them.
Another great way to test your idea is to create a minimum viable product, or MVP. This is the simplest version of your product minus the frills and frosting. It’s a particularly popular strategy in the world of productdevelopment and is used to quickly and quantitatively test a product or a product feature.
And do I still need to get out of the building if Ive got great metrics and surveys?" My hope for this conference is that it will benefit the global community of entrepreneurs. By creating a space for your startup community to congregate and share new ideas, youre enabling a new kind of economic growth.
Heres the short version: hire people from the online communities that develop free software. Beyond the quality of the candidates themselves, Ive noticed three big effects of hiring out of free software communities: You can hire an expert in your own code base. Ive had the good fortune to see this first-hand. Submit patches.
This is just like a startup to me, complete with distribution and productdevelopment challenges, ecosystem design and many, many customers. Ive been blown away by the level of demand you all have expressed in having a forum for the whole community to come together and share what were learning. Details soon, I promise.
This is another sub-optimization caused by incentivizing the wrong metric. You are doing the startup community a great service by sharing your insights via your blog. This can be especially challenging for HR professionals who measure their success based on the number of jobs they fill. This post has been removed by the author.
We also learned that law is code , and that leadership was needed to build thriving communities in a digital age. Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev.
Over the summer, based on feedback from our portfolio and the broader startup community, NextView created pre-formatted board deck templates for seed-stage startups — part of our Growth Guides series. A seed-stage mobile startup’s housekeeping section might look something like this: Section 3: Core Metrics.
VC Platform community has grown approximately 120% in the last 3 years. Nick Kim , Crosscut’s Head of Platform, in his presentation at the 4th Annual VC Platform Summit, shared their Platform development methodology, which he viewed as an exercise in productdevelopment.
But, ultimately, it generates paying customers—and that’s the only metric that really matters. Use Q&A content to funnel prospects to your products. For a CRM tool, ranking for high-volume, product-related questions like “What’s the best CRM software?” It generates lots of irrelevant traffic.
To create this first year in business checklist, I turned to our in-house experts here at Palo Alto Software: Sabrina Parsons, CEO; Noah Parsons, COO; Josh Cochrane, Vice President of ProductDevelopment; and Josh Fegles, Academic and Government Channel Sales Director, and founder of gluten-free cookie company Jude’s Foods.
So heres my simple question: What do folks in Washington need to know about the global community of entrepreneurs? I'll add two ideas: The modern structure of university patent licensing and technology transfer works really well in the life sciences and other fields with expensive productdevelopment processes.
To provide an opportunity for VCs and senior executives to engage with the community by giving back rather than just attending more cocktail parties. But the most important metric has been the deep and lasting relationships that have been built with startups and also between senior executives. Can the community support them?
.” And companies are catching on: from the Good News Movement to John Krasinski’s positive videos on YouTube , brands are sharing content that spreads empathy and a sense of community. Another common mistake that marketing teams are making is using the same metrics for success that they have used in the past. corporations.
Im open to being the coffee and snack technician :-) On another note, I live in Atlanta and believe that we have a strong enough start-up community that would greatly benefit from your lessons learned. I have contacts within the university and entrepreneurial communities and would be happy to help you set up something if interested.
Metrics for cyclical businesses. Productdevelopment. Queuing theory and productdevelopment. The Essential Product Investigation Phase Gate. For how to manage that see, for instance, Queuing theory and productdevelopment or take some time to investigate resource management tools.)
I strongly believe that the first few hires of a startup should belong to the growth department, whether they’re marketers, community managers, or salespeople (selling your product is the best way to learn how to improve it). 1x hacker in charge of product/development. 1x hipster working with both product and growth.
After this successful experiment, we put together our customer retention guide to share it with the small business community; feel free to take a look at it. We don’t have any traditional metrics in our customer support team. If you do genuinely need metrics, be truly customer-centric in the ones you choose to follow.
We were building a community, open to anyone who shared its values, and that mission inspired volunteers and staff to try and reach out to as many people as possible. Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev.
And finally, Scott demonstrated his internal management tool for managing the metrics of his business. Money to be used for hiring and additional productdevelopment. 2. -Offers two products: Palantir Government and Palantir Finance. Used by hedge funds, the intelligence community and multiple government agencies.
Now, we want to share some general advice to the broader community. Be myopically focused on product-market fit and don’t waste your time on things that won’t contribute to achieving this goal. These metrics will become your business’ North Star for everyone to rally around. Start to be data driven.
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. Before there was Fab there was fabulis, a social network meets places guide targeted to the gay community. Connect With Me.
Theres a lot of controversy surrounding NPS in the customer research community, and I dont want to recapitulate it here. Even if you have a very large community, I dont think this number needs to be higher than 100. In other words, we committed the one cardinal sin of community management. Heres how Ive set it up in the past.
This involves understanding your customers’ pain points and addressing them through productdevelopment, marketing, and customer service. It’s also important to have a clear understanding of the metrics that matter to your business so that you can track progress and measure the success of your tech leadership initiatives.
Ensuring that design is present during productdevelopment and has a seat at the table when business or technology teams establish limiting parameters. Productdevelopment is iterative—rapid prototyping, fast changes, continual improvement. Put the consumer experience and brand above stale marketing metrics.
Lessons Learned by Eric Ries Tuesday, September 15, 2009 Testing the new Disqus comment system The recent and overwhelming influx of comments on The cardinal sin of community management. Testing the new Disqus comment system The recent and overwhelming influx of comments on The cardinal sin of community management.
We're keeping ourselves free for the community that has helped us build our product; premium vs basic seems wrong to us. Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev.
Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev. Why vanity metrics are dangerous ► November (1) ► October (7) ▼ September (9) Entrepreneurial Thought Leaders (and a request for.
In particular, we would cover customer development, continuous deployment, minimum viable product, and actionable metrics. Each month, wed hold each other accountable for making changes to our product, process, and team. Thanks for all that you have done to help the startup community! I love the business model.
Startup Visa update ► February (5) Kiwi lean startup + Australia next Why diversity matters (the meritocracy business) Beware of Vanity Metrics (for Harvard Business Rev. Why vanity metrics are dangerous ► November (1) ► October (7) ▼ September (9) Entrepreneurial Thought Leaders (and a request for.
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